86105168 - Laserfiche WebLink

Browse

(STATE & ZIP CODE) r --- TOGETHER Milt all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents (subject however to the rights and authorities given herein to Lender to collect and apply such rents), royalties, mineral, oil and gas tights an profits, water, water rights, and water stock. and all Futures now or hereafter attached to the property, all of which, including replacements and additions thereto, shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a Ieasebold) are herein referred to as the "Property"; TO SECURE to Lender (a) the repayment of the indebtedam evidenced by BorrowWs [tote dated September 5. 19$6 (herein "Note"), intbeprincipal sum of TWO THOUSAND FIVE HUNDRED FIFTY EIGHT AND 37/100--- - - - - -- Dollars, with interest thereon, providing for monthly installments of principal and interest. with the balance of the indebtedness, if not sooner paid, due and payable on Septembpr 10- I990 , the payment of all other Sams. with interest thereon, advanced in accordance herewith to protect the smutty or this Dead of Trust; and the performance of the covenants and. agreements of Borrower herein contained; and (b) the repayment of any future advances, with interest thereon, made to Borrower by Leader pursuant to paragraph 21 hereof (herein "Future Advances"). Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property, that the Property is unencumbered. and that Borrower will warrant and defend generally the aide to the Property against all damn and demands, subject to any declaratioi s. easements or restrictions listed in a schedule of exceptions to coverage in any tide insurance policy insuring Lender's interest in the Property. UNIFORM COVENANTS. Borrower and lender covenant and agree as follows_ 1. Paynno of Fviac4ml aatl lasasest. Borrower shall promptly pay when due the principal of and interest on the indebtrdness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deaf of ?rust. 2. Fms& for Tara W Ju samaee. Subject to applicable taw or to a written waiver by Lender. Borrower shall pay to Leader on the day monthly installments of principal and interest arc payable under the Note, until the Note is paid in full, a sum (herein "Foods ") equal to one- s twelfth of the yearly taxes and asseumenu which way attaim priority ova this Dead of Ttvu, and ground rants on the Property. if any, ;lux one- !L twelfth of yearly premium i awlmmts for hazard insurance. plus one-twelfth of yearly premium installments for mortgage insurance, if any, an a reasonably estimated hudally and from time to time by Lender on the basis of assessments and bills and reasonable allmotes thereof. The Funds stroll be held in an institut ion the deposits or accounts of which we insured or guaranteed by a Federal or state agency (including Leader if Leader is such an institution). Lender shall apply the Funds to pay said taxes. assmsatews, insurance premiums and ground rents. Leader may rtes charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessutcrtts and bills. unless Laura pays borrower interest on the Funds and applicable law permits Leader to make suet[ a charge, Borrower and Lender may agree in writing at the time of emutton art thi+ Deed. of `trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or