|
<br />83- 003623
<br />
<br />8~6
<br />
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Intel'eSt. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness eyjdencedby the Note, prepayment and late charges as provided in the Note, and the prine'pal of and inleres!
<br />on any Future Advancessecured by this Deed of Trust
<br />2.. Funds for 1raxeslU1dlnsurance, Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and inleresl are payahle under the Not<l, until the Note is paId III full.
<br />a stirn (herein "Funds") equal 10 one-twelfth of the yearly laxes and assessments which may attain priority oller thIS
<br />Deed of Trust, and ground rents on the Property, if any, plus (me-twelfth of yearlypremu,m installments for hazard insurance.
<br />plus omHwelfthol' yearly premium installments for mortgage inslJfllncl~.if any, all as reasonably eShmaled iOl!wlly and from
<br />time to time by Lender On the basis of assessments liind bills and reasonabkestimates Ihereof,
<br />The Funds shall be held in an institution the deposits or accounts of which arc insured I'l guaranteed by a Federal 01
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds 10 pay said la~es, <lss(~ssmr:nK
<br />insurance premiums and ground rents. Lender may not charge for so holding ;wd applying the Funds. analy/ing s;lId act:oUnf
<br />or verifying and compiiing said assessments /lnd bilts, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lendcr !o make such a charge. Borrower and I.ender may agree in writing "It the lime of CH:e\lfion of rhis
<br />Deed .of Trust thalt interest on the Funds shall he paid to Borrow(~r, and nnles~ such agreement is made or ;.lpplicahh: law
<br />requires such interes:t 10 be paid. Lender shall not be requm~d 10 pay Borrower any Ifll<:re.st or earnlllgs 011 the Funds. Lender
<br />shall giVll to Borrowler. wilhout charge, an annual aCCOl!l1tll1g of the Funds ,howing credll<; and debi!, In (he Fllnds 'md the
<br />purpose for which each debit to the Funds wa~ made. The Funds are pledged as additional security for the sums secured
<br />by this Deed of Trust.
<br />Hthe amount of the Funds held by Lender, together with rhe fuWn: monthly installments or ('nnlh pay.;,t,ic pnor i(\
<br />the due dates of ta~es, ;;sS(:ssmenls, Insurance premiums and ground renls, ,hall exceed the amount reqUIred 10 pay said taxes.
<br />3S$essments, insurance premiums and ground rents as Ihey lall due, such cxces, sh,dl he. at Bormwer\ optioll, clther
<br />promptly repaid 10 Borrowcr or credited 10 Borrower on mOllthly installments of Fllnds If Ihe ;UTWIIlIl of IIw Funds
<br />held by Lender shall not be slltlicient 10 pay taxe~. as~essmcnIS. in~urance premiums and ground nmts as they fall due.
<br />Borrow~~r shall pay 10 Lcnder any amounl ncccssary !(' make lip the de/JelenclI wul1m )0 davs from lhr dale lll)fice " mailed
<br />by Lender to nom~\1/er rel~uesting payment thereof.
<br />Upon payment ,in fuU ,)f all sums secured by thIS Deed oj Trust. lcnder ~hall promptly lelund I" Hnrrnwt'r any Funds
<br />!held by Lender. If under paragraph! II hercot the ProperlY " ,,)Id or fhl' Prnpenv 'v othcrw,s," 'n:qlnJ(~d hI' l.,~ndcr, lender
<br />"hall apply. no hll~~r than immediately pfllir to the sale "I the Properlv or '" a~q"'''t'''n 1)1' Lend<'/' :IIlY F,ltlds hdd hy
<br />tender ::\lllle lime .of ;Ipplicatlon :,s a credit against the ~ums ",cured hy th"s Deed 0' 'I rust
<br />J. !\ppllcation of PlIIyments. Unkss appli('ahle Lm 1'11,",de~ orher\.\i"c. all p3\'IlH.'nls fcn~l'ed hI' I endcr undt,r the
<br />Note and pllragr,.phs, I ...n.:! 2. hereof shall he apf)lu.."<l hy 1 ender lirst '11 paymcn, <11 :.nlOllllfv ravallle 1.1 1 endcr hI' Blllrower
<br />llInder paragraph 2. hereof. tben to interest pavahle. on II", NOle. then to the prinCipal ,II I!", ""tc. .llld then 10 1l1lereSl :lIld
<br />l~n"Clplll on any Fulure Advances.
<br />4. (~hlll'les; 1.i4~M. Elnrrower ,hIli! pay ;111 I""" ."sessm,'lIh .,lld dhe" . h:H':c~ lill'" ;",d ,!llp""t,..\I" "Ilntlllt.lhk '"
<br />lhe ProllCM:)' which may all31l'1 a pnllfUy over ItuS Dl'ed ,.1' Trusl ;md !";lsehohl payments ,'f ~~rolllld n~rllS, ,f "ny, ill lhe
<br />lnannc:r proVided under paragraph 2l1en:ol M, ,II nOI p:lld III such malineI'. hy nOlmwer 1!l,1kHl~1 p;lvm'lnl when <lue, IIm'c!!\,
<br />101M pltyee lhcleOI lIorflllwcr ';hall promptly hlll1l\b 1(\ 1 "ndt'!,dl ""'1<1:' .,1 .,llW,,"'" dl"~ iluder :h" paragraph. ,Jill! m tl1...
<br />c:vent Borrower sh~lll make payment .llfc<:lly, Borrower ',h:llljlwrnp!1; I IHI'"h '.' I ctldel '.Ill h 1'.1)'111"'1\1<,
<br />l~llrrowc,r shalll)f,'ml~IIY di~h:u!:c Ml)' hen ....tud! h:" plH\nl\ U",'d '''.1 h,'
<br />l'eqUIfCd l<) <liI..:h:!!'!:\!' .:<llY 'm.:!"I lien ,,' IOllg ;" Bm"''''l'r ,!lOll< 1,1 I,j in
<br />"uell hell'" ;, man~tel" lU:,cclptable w L,'no..,r, ,'f ,hilll "I ,!<loll 1 1\ III
<br />lelal p"x"Oe<iln~ Wt\ldl "perol!e l(, i.lfe,'..m lhe <:llhl1'(Cmt"ll !i\\'H'pl
<br />5. Raamll<<l!l1U1I'1UKt!.. Hmm"'''f ',n;,lll..ee~1 Ihe "i;~;j, "bW,'"
<br />,~ga!nSI !,'s~ by lhe. l1I"lards mduded ".lllm !Ill' !tllm ..."de. "I:IV I :,"l"lll'
<br />4lDd III slil<:h ;am\ll.lllb .md I,'l! """II ll<::l"xj. ,n 1 "I"kr t11:IV 1,>\' ,""ll""1 ,.,
<br />l:l.Ich \;(l1IC.iiIItC ell.ee.il '!t;j!'lmmlnl ,)1 ,o,..,;,~c ,,,*,,,,',1 p.l',
<br />r~~ !nsur:ap~:;t,;: <:.J:trttlf pn'~vHhng tht'" ~n\\H~HH,\'" ..-!n~tU t)(.~ t'n',!_'~U 7'\" B,~f!{'\\il.'t ".jj1"11..:'\1 (,_',
<br />thai $l.Id1 appfUy;li "I~all Itot be l.mrca~'m..bh "".!hodl! .,.\11 ,1"\'11'111111. "H HI'U!;lma: \''''1<''"
<br />,ltrovided under plf'a.~'a)lb .,,'* h(:'tC'ot dt" ~"~H.t 4h!'t 'jL~4UjiCf. i,,\ UUH{'~'Ha ,'I;lfu~~g },.l'lOH("l:1{,
<br />!lDWaDCe .::&mer.
<br />.'\11 ml\Unl.ll(~1 rim.! '1.\lle""" j hel<'l)! "I..il
<br />d.aUliC In lavor .)1 111\<"11\ I,' IXfldel I (!1dC' ".lnJl In',,,,
<br />~~nd Boflfowcr ~,h.n pt(~mptli~' t~\ l,~~'Hk,f .J;!I ':'~"')~("~~i1 jh,j~h'\,"" .1~H..i 1',,''\.f.~1rt\
<br />lknfowc:r !lib.III:.".: 11'!<~fIl"'1 nUl"'': !he m\j..3.II<.<:.m .iU,j I ""del J ,;,nl", nl.l\ Ill"~" "
<br />by BoeRlwef.
<br />l'nlC$" t(:nlk~ ~.!ld H"Hr',,"er i \!II.., ...",e "ll.'('<:
<br />llh; Ur',,).~I(:f1)' ~.:.~nd~~(;d. ,a,olI,h t~~O~.tU4.jla ,~i
<br />m.lt lhcrl~b~ ,ml)JlHC"l '''''/\ fOhll.;."".rt "1 '''!);11' "
<br />be ,mpiilllf.w, lhe 011"<1:1"..." p!l"':e...'d~ ,h,,1I '1'<1
<br />tl) liormw.:r If :Il<: f.!'oV(lH~ " ~blll!<iOl'<;,1
<br />dlate U()I"\:.:< ,.. llIiuled b~ lenuer 10 !Jon",<er
<br />!S llUlhol'll:eo 1<. ~<lile,(!' -.,,~~ ;II'P') I.he Hhlll...'J(,
<br />(If to dl(1 sum. """:'lifc~d 1>\ :ll" Dc.:d oil (I"t,
<br />Uniles.s Icnder .tIld BeIHO",C! ,),il"'\.\i.SC''f'lllll!' .u"
<br />(~r Pt")SCp..UlC Ihc due d~:uc ,,)l ~"'c f~h:l h,~d
<br />,.u,h 1Il"l:lllUmc\lh, ill umler pantgr"ph lJ..:rc,'1 Ih" P'''pcn,,.,
<br />m and to any m'Ul,4netC p,,,h,;u:'Ii ,lilt! Hi ;md h. :he .'..,.."",h
<br />(If a.:qlll:slh<l[l .h..lil p'l"~ hi Lcn.ier hi :he c.'liICI1i ill" 'limll, ,,:.:u, cd l>\
<br />",cquisll.~)n.
<br />6. Pre$.er\alilllll 1III1l Maililt~lllllKC of I'roperl); tc..'-Chold.s; Condominium,,; Plallned Lnil D......,lop...., lib, BOI ''''''er
<br />,haU kt:t;:p lh~ Pn,)fl~n~ in ~l,.)...hl r~'Pa~r ~~aJ ...hdH "''''~f-.."h: :lh,,'jd ,d!'. lhl; Prt,~pnt~
<br />,1Iad shaH C(}lnp!~' 14~th the pfOHS.\'Hh lH ;hn~ le;J:\c d dliS i}ecu ~,,( i ru...l ;'" ;t:.ht:hoki Ir r.ru" I)c~~~i {rH~l p, vJl .1 unit in d
<br />,:ondorujniuol ii;.H d J)Jlann.cd UIHt dC\oe!()pnlcnL HOH\n\Cr ,;jlJ.: f<<.:rJ..H.;n ~d B(,Hrv~,-"f','~ dH.lt:l 1~1": 'iJ":'t,'i~lLJt'I~)H
<br />or covenants creating or g\)\,C.fiHUg the .:onoOllluhunl ~'r pj;HHh.~d \:n~t dc\t.:h:1pnl;,;nL 'iOl' h~ n'l~id.ltlnn... ',1) thl'
<br />.c:ondominiunlor planned unIt devc1opnlcfH. and i..:\.H1~tilut:ni Lh-.,...-\.anJ.;J1I.... a ,,-'nnJ;,Jnltnii.H~n Ul1lt dCl.i.:!npnH.:nl
<br />rider is. ex~..:utoo hy HQii'o,w.'cr doli rcc"-lrdeJ logether "~lh ,hi-'\. Dc~J t'! '1 ru~i, loe r..'D\iCn;,:dlts ;'1 \th.:h lJdcf
<br />shall be incorporaIC,d ,m.) and shall amend and ,upplcmen: Ihe ,','\'c:n,H!h and llgrecmenb If);, If rhc flue'
<br />'Were a part hereof.
<br />7. Protection of Lender"s Securit). n Burro-wcr fad~ h) p\:rll)flll the ...:o'.'cnant...
<br />Deed of Trust, or if any aCllon 1)1' pmcecJmg IS ,'OIlUllCIlU:J '.'hi"h IOlillcn"ily dffcCh
<br />including. but not Jilll;ted ~O. c;llinen: dornain. irlsol\'cn..:y, endt: C'Hf()t~t:rncnt. Of
<br />bankrup'l or decedent. rhen Lender at Lender's optIOn, notice to BOllower. f!1ay
<br />s.ums_, and take such acti(lU .:1S is necessary to Inh;rc~L includ.ing. hut
<br />n:asonable aHorney's fees and enlry upon the kl mal.:e fep""" If Lc:ndc:
<br />condition of makinglhc loan secured by this Deed rk,rmwer shall Ine
<br />insurance in effect un~ji such tinlc as the, reqUtrenlent fot such ;nsurlln~~c
<br />l~df.':.r's written aJ![eement or avoHca.ble law B(H'rQ'w~r ~haH n:,:q. tht~ ;lt1:'h'HH'l:! (if .:dt rnortgag~.: H1SUCH1'-.(: pr.[fn!U[!1S !,~ tht'
<br />fl!lanner provided lln.der paragraph 2 hereoL . . ~ . "._n' '.
<br />Any amounls disbul'1lcd by Lender pUfliualll !O this paragraph 7. wnh Jl1lereSl
<br />indebtedness of Borrower secured by this Deed of Trus!. IJnless Borrower .mll Lender agree 1<.1
<br />amounts shall he pll.yll.bleupO.l1 notice from Lender to
<br />~te ofd/SO!,ltSliment aU he rate payable froml/me .10
<br />atsul;h rale wouljI he contrary 10 applicable law in
<br />~nnis!libh: Ul'll:ler a!lr~lil;tlble law. NCl!hi!l1ii 111
<br />an)' 1l(;!lonllefeur,,:!er,
<br />
<br />
<br />I ;'ndr'l jt!l"\(ld~"'d
<br />!." 1'.11,1 ;n lllt' nl:mnel
<br />,"'li~1\ lo.Htc, dtlt't,'tir jd n,e
<br />
<br />
<br />'>'\$VI~~~;g. ta'llf;Hh..{' \"(.".0"
<br />J(:,p.,!~(' ;', '~~;~,.!t~h.'
<br />l.~.t..)!~"~tnt...:dh' i l,'~:\jt~k ,>'1 ~
<br />1,~ ~ht: ,;'1.:'4. ua~d h~ !h~.. J l;;,:{."-\..i ~,j
<br />h:q,,,-,,,.i ,Pi H,\''1f4t}......Cf .ilh
<br />1he ;a.,.O!~_,fhl' ,,:~~nt\"r l'i~ki'" l;;-l
<br />-l"~hh,~~II.:ll.. "H i \"fh.1C;', -('IPHiHJ !~'1ih"t 10 J"l....j,'--~lj'lh;,Jt \11 ICP.l!!
<br />
<br />
<br />lh\{ ;...,\lto4!l-l,1
<br />
<br />.tfH~Hnn ,Ij
<br />
<br />
<br />ai1o;.l jdg~.l.'eUlcnt". v"\nt~dh.~? thi...
<br />i .cnu~r ~ _:,nklc;').{ /rl U1t: f}f!.)peJt)
<br />01 prth.:c.:uJllg.... olvlng:;
<br />dhhur~(" :)w:h
<br />tp. ()l':ibuf'')t.::nKnt
<br />
<br />;:l:-,ur~,ljh:l..' ;.1'1 a
<br />t~) maioL-Jin .)u..:h
<br />witb Bnrr(I'~~'Cr':,. :i.nd
<br />
<br />
<br />
<br />~h;tl1 he.~~t inl"~~~~;1~~~~T~;!':h,:~
<br />
<br />p::1Yi'nen~ t}f int(~req
<br />at !hC high.c\l r;tt~
<br />e-.,p{;n~(', {tf Ulke
<br />
<br />
<br />In be mad~
<br />10 ,my ;u~h
<br />
<br />
|