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<br />o~'~ ~ 001 ~2r~ <br />Unn>o;<M C'rrvennn'rs. Burrower and I,endcr covenant and agrte as !?thaws: <br />1. Payment aF Principal snd Inleresl. Borrower shall promptly {;ay when duc ehe prncipal of and inicrest on the <br />?ndehtedness evidenced }sy the Nbic, prepayment and tats charges as provide) in the Note, and the principal of anti interest <br />ern ang' Future Frdvancrs secured by this Used of "irusi. <br />2. Ftrods foe Tam and Insurance. SuLaject to applicable taw ar to a written waiver txy lender, Borrower shall pay <br />u? Lender an the day monthly instaltnttnis of principal and interest arc payabit under the Nate, until the Nott is paid in full. <br />a snm therein `Funds°) equal in one-twelfth of the yeatlq' lases and rs~stssmcnts whith may attain prnarity over this <br />1)ced of Trust, and gtoiend rents on the Lxroperty, if env, plus one-twditti of yearly prcmuim installments far haaard insuranc¢. <br />plus one-iwelfrh aF yearly prtmrum insiallmems far nrnrtgagt Insurance. if any, akl as rrasooably estimated in[ualty and from <br />time [n time by Lender nn the basis of ssstssments and bills and reasanabte estimates thereat. <br />"Fhe Funds shack kxc heid in an instittttian the depusitx br accounts of which arc insured nr guaranteed by a Federal of <br />ctase agency f,inehtebing I..ender if 1.endcr is such an institutinnl~ 1 ender shalt apply dtc fiends to pay said taxes, asstssmcnES. <br />Insurance premiume and gmtznd rents. Lender tnay not charge for su balding and applying the Funds, analyzing snit: account <br />ar vent}°irtg and compiling satd asstuments and 6itts, unless L-t:xder pays Ruttawar intertst nn the Fursds and applicably taw <br />permits lender to mske suds a eltargc. Barruwcr and L toiler may agree in writing at the time c?f exz:cution of this <br />L.k.ed of Trust [txat i:atrtgt grit tht Fonds shall Lt paid to Bbtmwcr, nnJ unless such agreement is made ar apphcnhic law <br />requires such interest to ht paid., f.tnder shalt teal he reatuirtd to pay Borrower a,ty mttrest or earnings on the Funds. !-toiler <br />,tsati give to Rorrawer, vvnhxxt <kaarge, ;nn sons..?al accanntrnK of the Funds rtxttvu?g credits an<l debits io tltc Feuds and kttc <br />purpose far wlt,~h each dabrt to tht Funds x-a3 makke. -Ftn- Finds arc pledged ns additional security Lar tht. suttu scented <br />by ohs Lh'zd u€ '(: [tst- <br />L! the amount <*f thz Fonds itetd by i ender, rayci her wash the fttti[re mx?nthly installments of Funds payabit prior to <br />t€z¢ duc dotes aL i,azts, s+srssmrats, ;nseirantc prtmiums arrni gratmd reins, shat{ rsrted thn amount s~equtrad to pay said taxes, <br />csssssments, hrsurae?ce preen=un?s :'urd .rnurM rents as ihcp trot duc, such e<cesn ,hall ht. at liarrowcrs opiiun, either <br />(YUmpity repaid tc Barmwtr os crtdiicd ter ',fnrrt~er rxn monthly mstatktncnts or f=node. It the amount of the Funds <br />heid bq i±^aiater shall nut hr sue'„caent t.~ {±sr laity, assessmontx_ inxxrrance premrums and groond rents as they i'a!I due. <br />Borrurvtt ehatl pay tr I ender any amatxnt rtcccssar°y e., [nakt a{x rnr dtficicnary within 30 daye from tht data notict is mailed <br />by t.entler to Burrower rcquesn ng payarcnt thereat. <br />Up+ae patneeni in tuft <>F at{ sams scarred t+•, zhis L)ecd of "Tsarst. l.tndar snati promptly refand to Barrbx'cr auv Fandx <br />he. f,i f?}~ lxndrr, tf tinder paragraph t3 pert,=t the Prbpe::y c5 .sc?!d at lire Fznperiy~ rs uthcr~s-lee acquired by Lender. Lendtr <br />,flab axppdy, nc? later :ban u-nmcdiattfy pr:+rr to the salt czt the }'rrtperty ur its ac.q xris.rSUrr: by i_enaer. -soy Funds heid by <br />r, r~~sitr at iha tune of appheaiissn as a creirt against tht sums steered hY this bleed of Trxtst- <br />3. Applieatizxn of Psyenents. t;z:ttss apptzr~.:tic ia~.a~ provrdrs othtrwesc, all payntcros received by Ltndtr under the <br />~z ta[e ara:S paragraphs i and 2 peter'( shat! ixr np-;?it~t hY ! crdet first sn pay'nxnt of aznor;nts pafabtt to I_rndcr t?y Bnrrow~r <br />iahlet par sgraph 2 het-t>f, [fxen io [nttr~°st pa Yantc oar tl,e ~Jtt. tCttn to ihC pnnetpa3 rst tf?c Notr, and then la interest and <br />-=rr rc real un anY L'i;ture dvan<:ts. <br />4. (`txar#es, Isetu. Rs4r[nwcr shall pat` al} Easrw, austssnurrxts anti niher charges, fsnas ;Ina! mrptctninns alttihiitah{c to <br />the Y:npcrty tv'hic~k: map azt:un a Ixmr,t}` aver ihrs ~eccf of Trust. and tra~he,id pnymtnts nr ground rents. if any, in the <br />tnaainet pn.vicictl tazadtr parae„saph 2 here:xl ut, it imi psi) tai such manner, hp Barrawcr making payment, when duo. directly <br />is tfac pays-e thcrcat, t. Batrr?setr shat3 prcamCxtf§' ter nish !0 1 cyder all tnances ud urnouuts due under this paragraph, and in the <br />cz~retz Busrtxutr small make pagnrent Ju telly, Barrawee thai3 nrbmptty tnrnash to Lender rceeipis evidencing stteh psymcnts. <br />tdarrs.wxr 5)?nit peon=.ptts° d+xcharnt a:n~ li*ai which has {ar[orny tree-r tY!ic L?ttd r,f d rust; pravz<led_ that Ifarrawcr shall tmi ht <br />eegerzt td to drsci'?~tt ar_x}• xuai; into a;, f~=ezg a, Barmwer,trap agttt m well?ng is the iraymem of the c'thhg.xtion scetrrcd t?p <br />+; sis tepz? sa a xtranner aic~prabie ks= l.ndcr. e. ph~6? rn gtxecf Earth centtst steer-;een L+3,. ur JaFand co(orcemenE oC sae0 tarn in. <br />"gat prrxr.~d!ng•r .~-h~.b xyxratc i~ {rr<, -cn: 3t:c enie,rcem<:nt =,2 th<r t,cn or frrfsitnte of t;te propr.rtp €ar an< pact thereof. <br />S. Llar~ard kaisnranre. i#<errrx4-cr ~hatt z¢rp. the nnpruvrmcnts tizrtr cxrstxug o. tsaraa[ter erc~cked tin the f'rapcrty insured <br />:tgarn+t ixass by tire. €+axards zncttrdtd wzthrn the tu`ruz ~e+<tt:nt#ca} cavcragt'", :mil such c>itrez• hazards ax d:~ci6der-mgy rrz7trire <br />"kud zn s€icEs amaxrnts a=td Par Sts ~ perrcxls as 1 ~=tc7er inay r:quire. pruvxded, shat C~ndc:r shaft-nxft raqu~dae aha[ tho'aiTtatt_o't:ril' <br />ezst*_ s•e; t age (~.a that at. a.. tot - -,eve t{y qu?red t r pa§ t#zt. s1x¢ns steurcd tar ~thxs 'i]td of finest. <br />1 i~c trrsttra.r~• ~,rraer p.rr rtdag itee s-x.rar.cr s,ali t.~ stY'nsen lay Scarrzxar sahiect to agprnval-}aY 1_endcr previded. <br />That such appravik ss'ratl nut ^:± unrtasor;ahly aithhclJ. A=E prenxiume on iruurance ptalieies shall t?e paid in the. manner <br />ltrcrvidetl ttndrr paragraph : httettL oxr, it ,:err paad [n sxreh xnannrr, bw Ltotroarer rr.:rking payment. when dtrz, ttirtstly (p the <br />t ti.4t W atif~ ~rrtGr. ' <br />>~tt instvanc~ paltefes seal tent vain ``=7lertx)i azalt hF ns fa?oru asxt{atxhtc to t-^.nzic€ xncl wliaik tnt;iudc a sLand?rd maeL~al4e <br />.-eau?°- 1n favor cd and in taext acre^taLSU is i ender. i_esea.:. shaFI have star. rs~u to htilsi the palicics :xnd -renewals ti!_treQf= <br />and Ra+-z>s'<re sisal! t 3nrgi!# t3 :-z ?r !~ t sonic-r atF Fe i~-a# rztrir~^cs znt3 x31 tc~ii is eat p;?id prrmixims.. Jn: Ght--c: rn2 of 7ESSa: <br />Bbtt-+rwtr stsa;f gave {tram,e:a<st- c = ~.c = sz-~anet-<.arree' ^n.I L~neier, Ltzxdcr maF ntakslrrex~zE u9lcss it nut--xnadp-promptl>- <br />tv, ~i=. tiw;r <br />t?nics.s €.~,~a usuA Rr~-rcnvet uihst,H ¢~ agttc rn w-tstzng. =nsutstr<'o pt~ersLc shall br a{~s}itd ~In [uwstsraticrri ur tv;+air of <br />Ilse f'x^uptgy •±aartagrd. }=r+vt'bd exeh rcsit.razxm ar rctr.ur is cc:rn.mr.atfp` sensible salt then sec~ta-ify-nP thts E-3cccl aG°L`ruxt-.rc <br />neat Efleirty z;x{taereci kf niis.a e.~rar"aitnn ex repay rs arzi ccunsnnicatlT ica,arbl~ ur iF the 3cstu's[y of thin C7c'ed c;f "i'[ttst tva[t1tC- <br />'ae ,Nrpa. ;{.. tkx it~snxanee ptcec shat( hE aL,aCirr? to the >E'urss s~tnb'd 6y ibex 1,kc•d of Tru!d. wrxb the ice-+v, i( &ny-. ltd <br />::, L#t?erc:uer. {t` the Prtt,~srq rs a~avdnn¢d f:y Borrawcr, ar it Barenmv"r t`-aiRs Eb rcx~n[d tsr Ltnxkr wettS[n .~Q days tram the <br />Jax¢ uaxi~s r, lost€t+-i Dv- f ena%.r zo Rurtz3w<-r 2=xat ttm; nazuranc'r carraa;r za.#f`rrs tct settle a claim leer instnarice Frtnefils,- Lc-.itdci <br />.~ s:att;arrrzsd ux ctxikxt and appFy- the iaasix,~net pracer~. at l.ene#eis a{szit*tt erthcr trx rsstarttian c¢r repair ni' the Yrgpt:rtK <br />~.. a? ttrt sums u^eured 6s ttis~Aes ut ?'rust- - <br />t;nPrsy, I tn~rr arm: Rb=s.arer t_xtte-rwrsr. ag#ct nx wri4+ng, c+rag euan appb-.atian a} prttccrds-9u pr;raeepai stk~rli nz{t fix'{and <br />t~ ~rstpcna the wu< ?#aat ut itu nnkht9tY in tullttacnts reltsreci to e;: paragrapiss i and 2 h,.=rebi ur change -the amount nG <br />sttsa'x 'rn E ~rn`a_ ll G=ntlcr para~ra;~h t ~ ha: ire ai'ae €'=~~rty es Rcyniret{ bF Ecndrs, sit ri¢ht, tint and interest of F3utruwer <br />.:~~ err 4, ;.•,:r,t zee palicr~ soil ?n asset tea tt;t ;trexteds ttzertut rasutiartg trum damage to the L'roptrtY prise to the sale <br />..:,, qu~.a :,~~ a;:>si9 parr; tta l.~tadae t;a the eatani of zl:r sums sa^eurcd by itris L)t~d of Crust tnnntdi:rtekv prior to such sala_cu <br />~r yir.• .,:,,:- <br />;S. L'ctt¢ronalLnn snd ~•ta}ate¢sax¢ce nE Pmperty: I.,easetrnldx; C-nndumiaiurns; Pisaaed l;nii ilevclnpmrgts,- Rarrawtr <br />•3?,-:!i kcr}~ :::c i'r,=t?c ".y ra gt>ra;'i ;.,p,yrr yod >ha(t nc! ",}mnit ut~tc ,'!r {',~s[z;ix ?eup:urrncxsi :,r d<<trrinratii,n +a€ the 1'r'uptii'y <br />ass Stine{ ..xrp;t with tl=x ptrr~?srsats s;€ any tease if thsk 1)¢eck oL Trost ;s en a ttaxehald. 1§' this C7atd o£ Trust is on a unit in a <br />.x:++xibmineuru or a p.axtotti anti devctupnxent. ;Zoztnw>rr shale{ ptrdorm nib <_*1 Rarr&awar"s cfb{hslaittxr~ under thxa dtctarauen <br />_,= cevt~iattis ,reatzng txr gttvcrn,n~g the ?:oudoinin[tuxi .ar {>kannad unit dtvtia{intent„ the by-laws atttt rtgxttatians aP the <br />cssndoer:intum err ptanatd smi xtts~tlsrpmcnt„ and _anstrttrtni dch-umtnt:. !:act?ndomiiriuett ar planned unit dtveiapmtnt <br />;idzr tx c~st' e'wtect bg' Llaxruw~=~i a;=;l regarded ttagerhar with ihx€ Dsxd ai :rust. skis covtnants and agrreaesnis at such ridtt <br />shall ~ ±r*~xsr p<xratard tsaoo sled shall arazetacl aa;d saptatrmeat she cav.nnuts asst ag; cements of this Dttl of 'fins. as if tint rider <br />Wtrt a {x.f1I h4rCi}€. <br />7. PYtN+t^elina nE i.etxder's 4reurity. kf Lfiurraw~r !as to {?crLnrtn the- cCsvtriama and agraetttrttts ccrntn:ned in this <br />1 sat a T ~• ar xi any a+:n n x,r prtrttdtn s :~imatenc tsl uhickt rnatcr -illy a7{rcis I._eirdtr~ ixxtct'ts1 ir. t3it L>rttptrty, <br />:x ~!;t r rut :><.t titre tcd E, , gn,;.,~tt dcrn aen, ,a-,¢?tvcncy.:cds esafrrr,emen , e+r ~axrangee+zents ar ptings mvetLving a <br />tr,;,Lsra ; ,.~ ,ta+>`ex?ent. iheii L,trnlex at z-rnfi€r s alxt:atz. upxsu nuiite to iiurrxwrer, mxy nrnke sxich- uppcaepncea~, dtmt:utsc s-ziclt <br />- ...., a ,.?<,n a. titan a; rg ns~essary° to wait L.eaicler'S ?m~sest, utrLudtng. bat nax F€niled tom. diyixutsemtat ai <br />-~,ry , tree a¢ad esBiry ~ tYza Frexp~rre tb xttak>o rc{~irs if {.wu{er rc~uircz! rutnrtgage izsspranrs- as <br />F <br />¢ r ,: g ° c tsn .crrrtrclL-v Ehzs #~d of "3'aFN:, Bartcawer stxa{l prs ttte prtnaiuxtts zxxiuirsrd t€ nrairtasn such <br />•.,a, , t . , +.,.Jr tstr'er as t~sr rtauitzrrretut Fe'z' snz-h =r.aurar±ct tcntrinares n at~arrdut?ce wAth Bc:rmwrr's and <br />i .,-,_. r +.. : ,s;: es ~tsigCra;ytr+ tam:. Hoi'raawnrr attall par ihs autuuzu r-d x31 n=.artgagr. iviiu'rante pterrtiums rrt tts¢ <br />. .i ..- - ...-. ., ':.:i'.r 1'.t: _tkt 3i71t .~i. t': C£4'?t-, <br />~t~ J s i ,.. _, t.~axa4c-r putu[atrt t~ this surag{a{rLr "7 ,r eft '+:r.^.rtrst thsfttm. '?elk :,¢c-.,,ttat a.fdsUrarat <br />r ... !~'.~,, -... .-. ^,~. lts ;, t L t --, ,, l~r8uawer an•i t ~drr s{uai to other tex;ats car puyr[tertt. x~x9h <br />r :. ,:.¢ s? 1 t;lti~~ a .: 7 evracr~ v, N. ., ~ rcrdtttwrr++g ; r;rr+n tEu vc^:; sad shaid ly~t [nt*tnst to=m the <br />.:ic~tacrtl.r:_.;_ s_,..'=tattftitutu> , ~:si~c.:~,Yt•; ~.•",iuncfetthc!~s+z~.x;ni?IS3psymurrtaC[nn°irs'i <br />ai ,-._ ._, 't cr -•.uud xpi,:. ,. , ...,. to ~,. r e ' irrtts 5kaui! trntr ?a,ltr[37 at Ili, high~t? r-ate <br />pc. ,~,:s =t,, ~ „_ . _. -... ,, ,, rr.?.., en t: , Lran . ~-iraii rev;uirc l.c=ndsr it trexu xrzy' rspen~ssn or take <br />.:.t,n,~ f;erecn'•atcr. <br />f; tn~xcri++c l ., near - ._ n . ,.ts'.€, ie ~+tnazlS: tes.x;. eAha?r, r,a... - rca_i itslz~irc stn at stye pra~~s'z ip. prrorrc~J <br />. ,~" { . a. tr:~i; r, ti .. r . £,rar L- attp •.ttcd{ i?ssiza'si.t¢xn sfir,:,a„ .. -s(i: aaure #hriclsrr rtiaE'rst ..r { .:.e<§e*-~, <br />