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<br />.:>4 - 002321
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<br />t...."l.'"''''' ('0"':-";''''1'' Bnrr"\A,-l'r .1I.d lender ul\cnanl .il1d ,j!!r~c: ,I~ loliow'i"
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<br />J. Paymt"nt of '.rindpa' and Inh'fM;'. B,'rrt'l\.q;r "hall prpmpfl\' ra\ \l.hcn dl1\' the rnnt:lp,ll ,It .lnd jrllL'rL'~! ['ll lhe
<br />;ldd....l.~,dlh:'-'\ ~'.,knl..l'd hv Ih\: ~1'.\lTl'. prq';lymt:'nt ,md Ll!~' char~c.. ,I'> PH" Idell :n Ih(' ,,"nIl' ,lnd !he prinl..-lj'ul (If ,,"d intcrc..'
<br />'" ,!i1\ 1"IIIl:fl- \.I\,.n",,-" ~l',\Ir,:d ~\ lhi' !}n..'J 1'1 J rq'l
<br />2. Fund!i fnr Taxec and 'muran..'t". SuhjcLl 10 ap-pliLahle law or 10 :t wrnlen Waiver hv Lender. Borrower shall pay
<br />I.' ll,'ndl'f .'H Ihe ,I." illonlhh in"L1Hmcnh '"'I r'~n~'T:d ,ra..! HHt'fI....,,! are p.ly.lr-Ic ~j;)tkr the NOh:-, \lnlll the '..,l.... 1', paid In fulL
<br />,j Sllm (herein .. FlJod'i;"1 cqu,ll hl one- 1\\ l:lflh ,,/ the ) early tau's ,Inu J,se..,mcnf.. ~ hteh may attain pnority ovcr this
<br />n~('d llf Tru,l. ,lnd ground n::nl" nn Ihe Pwrerly,d am', plm ('ne-!\\"cHrh nf yearly premIUm installment'\ for hazard insurance.
<br />plu'!l ~lO...'-twellfh 01 \c.:\rlr premium In'ilaIlOl\'I1l'. Inr mortgage in.;,uram:c. If <.Iny. .IJI as. reasonably estimated intllally and from
<br />llme "1 rlnlC bv I e-ndcr i'n !he ha"" of a,se'~menh Olnd hIli.. and rca~o-nable e\lImalclI thereof.
<br />The Fund... ~h,l!i hc held In,:1O InSllftltif~n the depo..'I'i or ,lC(.'Olmtl;, of which arc lOsured (l-f guaranleed hy a Federalor
<br />.,late ,l.~cncv ilnl.:hlthng l c-nder Jf l.t::nder I" ~\lch an IIlsl!tutu,lnL LcnJcr ~hall apply lhe Funds 10 pay said ta'es. 3-s-ses-unc-nts.
<br />.mllr,lfll.l: prL'mlllm.;, .lnd grdilnd rc-nf'- 1 ender may nol charge f('lf so holdmg and applying Ihe Funck. an-alyzin,-slld account
<br />M \L'rlfnnj:' ,lnd u'mplltng ~J"d a~\c-"~mcnt" and hlll~. IHlle,~ I coder pay.. Rorrt\.....cr IOICre!\t (10 the Funds and apphcahlc law
<br />rC'rmll\ I ~'IHk~ make- "'lIi.'h ,\ chargl' B{)ffll",cr ,lOd I coder may ,lgrec In writing at the time of eXt.'Cuuon of thi~
<br />nt'cd (11 Tfll'''' llul 1l1lcrC\1 \In lh-t.' Fllnd, ...h:lll h~' raid !n 80rro'o\'t:'f. and unlc-'fO~ ,Hch .lgrecment i\ m::lide or apphcable law
<br />r~'qUlre, ':I, h jfH,-'ft'q It' ht' p;lld I cndl."r ,h:1l1 nIl! he r'::411,red III PitY Borrou.cr ,Ill} Interc\.1 or earnings on the Funds. lender
<br />...h,,111 ~~I\'C f.\ Ibrr,'\~~'; "-'lh"iI! ~h,H!!t.. _In .In!lllal ,l..:collnttng of lhi" Fund'\;; ,hflurng credit~ and dc~i-t.. 10 the Funds .md the
<br />pu~ ((lor \\ hlCh t'ach de till to trw Fllnd... walli made ftu: Funds are pledged a~ additional security for the lulII!l secured
<br />;', th;~ f)t'Cd ,.f Tru't
<br />If fhe ,Im"nnt "f th.: f-'I!\d~ l-;dd M\ I \.'nder 1,\gcfhN '.I.1!h lh(' fulurt' morlfhh tn,rallment'i of Funds paY:lble- prior to
<br />'''~' ,!~!~. ,L:!~'<, :': ~ '.." ,,,....,..' ;'>",~i,;'::';: j>i.;i',t1Ul'tI' .unl ~t"ulld fl'llh, '"<Iii cu'ccd the amount required tP pay S3Id-rIXt'..\,
<br />,~,,('-.....nh"rq, \n~(j'.IIKl' rrt'm'lIfli' l~d ~c"ljl''\d 'l'OI., '" lht.'\ ~.IH Jut.. ..,w.:h t:\..('-I", ...hall he. .11 8orrower''j;. opt_lOon, either
<br />pr:-mp-Ih "'~r;lId h' Rorrpv"Cf ,'f <.~('dl~n! L' B"[fP.....l"f ,'n mnnfhh In\taHmenlt" n( Fl!nd~ If t.he amounI of the Funck
<br />"\c!.f tit II 0-\1-:( ,h;lil T]'11 ht' ,:.lh":l{'1'1 ',' ,',1\ :,I\C" .1""I.',...mefl\'.. m'llf.m;:e premium.. aod ~r(illnd rent.. as. they faU due.
<br />BlHft.\4;,'r ,r, il! r,l\ h' [ ender .,rn :tmnllnl '~l', ,'\,in :" m;l~': 'II" rhe' ddh !l?nC\ ....lfhln _lO d:l\-'; frc-m the date noti~e is mailed
<br />hy I ernier fO ~rr()wcr reque'''Otmg pa~'ment rhereof
<br />l'f't~n p.nmCft1 In 'Hll ell all "'tlm, ....:L-'lfCd h\ 11-", O"'-l'd ,'If J'ru,L I t'ndcr ~hall prfmlp-!ty refund to Borrower any Funds
<br />held n\ Il'nd{'f fI ,tnder rar.J.~f.lf'h ,..: ~'{"fL'{,lr !ht' PHl.pt':rl\ !~ '.t.ld \If IOl.' Prnpcrt\; 1<1, nrhcr~l'\e acquired by tender, l...cnder
<br />,h~t1 "pr1\ nil Lifer ;h~n HllmedJ3l('t<, prh1f t,. rhc ".1ie ,ll the PrClperlY \H II" J..:qHI'\II!l'ln ",,, Lender, an~' Fllnds held b)'
<br />I cnder 31 tn(' lime ;11 3rP!lculon "h ;l. credl! af!:.uo!i! Ihe "-urn, ...eLured tw thl~ Deed of Trust
<br />J. ..\pptica'MJofl of P.~'-me-nt~. t rdn\ .1pplil...hll,: 1.1'.\ pn"''lildc\ {I!h-enldsc. all payme-nr<. received by Lender under the
<br />'''-\{e .m.! r:H,J~fJ.rh" ! ,ind ~ ht'rt_.o; ..halt rx' arril("d 1"", I L'nd~r flr,~ on px;-m~nf ill .Jmounls payable 10 I.ender hy Borrower
<br />'lodet rara~ra-ph 2 naco!. thell Ii, mt("f['\{ p.I\.lhit' ~Hl rhe ~llte. then h~ !he prHKlp.11 of fhe NOfe. and then 10 interest and
<br />rflnclpalon ,In" Futurt Advance-x
<br />4. Chal'Rt'S: (.itoM. Hf'rfP\\1.'f .,hall f',i\ _,:i !.1\e'" .n,1:..'iment~ ,H11l I;lhcr ~h:H~"C" hoc-!;. and ImpoS-llions annbutabie 1:0
<br />fhe Propert\-' wht-t'h ma" .Hlam a pflCtOI'l ,..ver '\-11\ (ked <,I Tfll-s.l. 4nd k.l\CnoIJ ,-'ayment'!l or ground I'fl\fS, If any. in the:
<br />mAnner prfHlded tinder r.-.ra~rar-h ~ ~erci't "f It It..r i',lhi I;) \lld1 manner hv Bl1rr('n.loer making payment, when due. directly
<br />fO the: P.lv<< there-clf Rtlrfnv.C'f \hall prnmprh' ''''''1'.t1 ',- I .:-ndCI .d! ')('1<'-". "t .:HtlOIHlt\ dne under thIS para,raph. and in the
<br />_\cnt 80Hf'\loer ..hail m,d,{" f';I\-men! ,j:rc...lh Hi1rl.'\>o~" !'f\'rnj'lth t"rnl'",h ;1' I Crider re-;,,:clpIS c\,lden\..Hlg s.uch payments.
<br />Hl,;ro,",cr ...hall pr,'!'I1pl!\ J;\l..h..Hpc ,HI\ -1'-':' ,-'.!;;,~, ".1' f';"'~i!\ .,....{ ~~ ~ !kl'O \1~ ff!l'l. flr~n.tdcd, fh.H Mnrr{'\\icr ~.h,lll nOI he
<br />'cqulft'oJ !'1 ,jl",_",tr~t" rP'-, "l~!l i'_'- ":\e B\'~i;-\-\U ~tt.1j' -....Ilfjn;~ (,' ltw [',,"Ole,!! (If the ('hhj!;tll{ln \ccurcd b~
<br />,uch ilrn il' _1 tlUnnCf ,h~Cpf;ltll{' L' I \'''Ot''f ,'~ -,",.II! ...:"".1 "l!11t"! 'l1~r' .'t'll hy_ .,r dctentJ t;nIOfCC"1(~nl of sllch lien tn.
<br />("cat rn....e-C'dln!l~ .~h,,~) "pc-nile ',- ~rt'\'('I'. "-, ~ ,,' '~t:' ,\1 1,'rlCl!llrC 'I! lh(' Pfnpert'.. ~)f an\' rarr thereof.
<br />~. nal..rd In,uruct.'. H!\rrt''''~'' ,r1.l11 "n~p 1~~' rnr',",\,nl('nh I\"~ c'!\l,nC~)f hcreailcr ('rC'cled .\n rhe Pn'lOerh' Inslared
<br />1~,Hn"'! ir'''; t>\ nre, n.llanh l",;tl\,),('\i ;"'Ilhm Jr',' ',rm t'\l\tndt'd ,-,Wl1'r,l~ ,1n,i ,th.h {lfhcf nilZanl\ as lender Tna., reqture
<br />.:oct In 'll"':t'l ,10l\):W'lI.. .wti I"f ..,~. t, rerHld" ,I' ! ~.;H.ll'r 1'1.!, 1 ("4HIfi..' , ru(""tdl.'d 1h,lt I ,'rh.!cr \h.ill nOI requIre !har the amount (1f
<br />'-uen ;.;over.lf:t" \.,.....!:cJ 't>,ljt limt"lunl ,-f ,",-"cr,l"~' 'CLjI'-fcd !,\ p.l' 'he '>'.;11'1-\ \c,-urcd tn Ihl.. Deed 01 Tn'''1
<br />fht' lfhlI ,Mh_l' ~..HHCr pi.-n,dln~ lh:: Ifh\q,lthC ..tun hr ,h,f\cn 1"\ B,1-nt't\,(:r 'H1r.,C(1 lc~ appHh..t1 b, lender. provldetJ.
<br />that suC"h appftH-'.il ~h3:ll fH)f t->(' \111'('-il"',"):'I;--''''' ,~'lhhcld .\l~ r-r('nHutn\ nn ~n\Uf;.tn...'c poltl:l.C"'!i shaH be p-atd 10 rhe manner
<br />;V-tWlded under p-araguph 2 l-tet'("i.~l ~\f, It d.'\ P,tltJ d1 \u~h ~1\,HmCf. f'\ Horr,~"'('r rl1akwI paymc-nt. when due, dlfcc:tfy to lhe
<br />Insurance CArner
<br />"-II tn\.ur-'n..l'" pt"l-iH..u.', -lnJ tt'\"lC."4h :hC(l't>! "''l~ll h; n1 :,'~m ,kkl.'rl<tbtc h' I crakr Jl1d ..hall Include a st~ndard monlage
<br />~!llU1C In la"'(>f ~)i and w !,'rm ~,-':(,pU:'ic In I \~rH.kf I ...r;dCf ,,!'1..l11 r-Ul.C tt\{" ligon! 10 h('1ld the poIU;IC1 and renewals (hereof.
<br />.tOO 8orr~'",et \h.lil prd!lf,'<ll\ 'nrnnh k II.::nJ.." '~">::".I) 'h'.tl<..n ,~':..l ,d! rc..l'(pb ,.f p.wJ pfemlUm'\ In 'he event of lm"-.
<br />Bor-ro'4C:( ...h.:il! !:I;"c pf\1mpl t'l,--11,....: ;.' 'ht' i ~-'"ki I ~'fl,h:r tll.l~ m.ttr..t: woof of 10\, Ii ntH m,tde promptly
<br />My BorroVo'er
<br />t'nl~,.. 1 ('tldel .int,j tl'>!h''''...: ,.!h~l"-l'~ <i~:':" ,~?,! jlg "'U!...lih:; J"f.,,,n:dl. ,r"lll he 'lpplled 10 q..\I\)fafll~n ,1r repcur of
<br />the P-ropcf1\ \i,imi1#<'U '\hfi ~"i"I.it"" ",,'fh'fn-,.Ili. I;-'.Jqhk "'0 11'11.' ~e;'::lIf1I'" ,,1 ,hi.. [)~t'd ,.t TrU$II"-
<br />nOl th('tdn 'rn;,,;urcJ Lk!' r;::-~l~';ii1,~'n ,'[ :~'I'd'~ L'~l'n,'nll",l;h tCI~,I,k ,,: ! IMe ~r\.IiHI) o'"lhr... D\'t'd {If fru\! ....ouid
<br />h< Iffipot:lfe-d the ,n",]r.ln..t' rr,'..c-e\J'- ~h,!il ~ _1;-'1",..:,1 ,'i~'l,: \ldH" ,~', ,p~d h\ f~~', D....t..d pt I tlJ'-t. Wtlh Ih,~ eh~'~" :f an" jllluj
<br />1('1 HnrH.'l........f If 'ne Pr,'p':fh ,., ..lO.ON,Jnl1t:d h~ H(.'rf<',*n ,'I t~ B"p,'""a : .i;h t" :npprll..1 h) Lender ""'Ilhln _'0 dd)<" frOln rhe
<br />date nollCe I" m.l.ilcd r-" ll.;nder!p H-()HO,",CI !h.tl the "",,-,I,lfl-,,,' _.H!i\;'1 ,qlt'h '\' ,,~'!Ih:.j ,i~tm lor H1'!H.Hh..C b-{"ncfu\. Lender
<br />j'> a.uchmllcJ hI ...,,;lel.! .1mi .lpp!J tht: HHUl.W..\." ['IP,..t<{'lh .Ii t o'ilies ~ ,'pfHHl "rlher 1<1 n:\IO(;i!IOn or repaH l\t the Propen)
<br />,lI to lh<' sum, "lJc",Ulcd t,) It WI fxc-oJ d( lw..\
<br />l'nleu l_iC'n-der...nd Borrl,,",,cr ,~lht"f"'I\C .ISlet "1 ... r,!,n.-:_ dl\ "n...h ,ipplll.,tll1'n ,,>1 pr\lt;.,ced.s hl pnm:lp-al "halt not e--.:.tend
<br />or po-'tpone the Jut: d~lle ,II lhe !l)\H'llhh m,tallmcJlI.. rc:!"'rr~:d 1'_' >11 r-Jfd~rJ.ph\ i ,Hlt.i 2 hereof ('Ir ..:hangc the amounl 01
<br />'\'h,:h IOIll-Umenh If under p;uolgrlilph : ,"l nCftl1! In(" PmpCfl\ " .t...~Ullcd !"1\ 1 ~n,i('r. "tll tlghl. tllle and IOlerc:'U or Borrower
<br />III ..nu 10 <to) In~ur;tClCe pl)iI~lc,) <lnJ III ..od :,) Ihe rfl......('('~,h lht-ru\f fC'itUfllng IfPfl\ Jamdg.c 10 !he Propt:rn pflnr 10 the \..Ie
<br />or a~J.4ut\ltH)n ,n;illl p~t'i-'" h' 1 entJe-r to the c\lenl dl the ..liTl1"- M.'I..Ufi:J h~ lhl~ Dce;.! ,Jt r rU:\1 llluncdlateh pnor to ,>uch \ale or
<br />4cqUUtll()fl
<br />6. Praet'aDofl aad M....cAalKto of Prupcft); l_~aKbuHk~ t oNlo...inium,-, PI.aned Unit Den..,""'.... 8orro'1ilocl
<br />~h..1I ..cep Ihe Pfll.PCrt-.. .n ..,"1l.1 n"p..llf .JnJ ~h,'ttl r\vl ~.'{l1n\<1 .~.hk "t pnlllH !mpJHnli.'nt or \Jl.'lJ;fl,)f,III1~n {II Ihe Pn)pt't1\.
<br />>I~-4 ~hJ!il t.',."myJ: *;:h tho:: r..;'-....~,....Ih ~'l .:tll} jC,j~e II :hl'\. I)eeo d I tu:..,1 .,;H1.1 IC~i.,t'ht)id H thl!\< Deed pt Trusl l~ on a unll In ,I
<br />...:onJomlnlUm ,~~ .I pi.1nned ant! Jt'oeJ.opmcnt lk>p{'....(r 'lh~i: pec1o!fll ,dl o! Borro\locr" nhligatH_)n<i, under fhe de-darao(lft
<br />~)r 'o\'cnant" ~re..t'f1' \1r j1t1lrernlog the ...OndOOlIHllllil .If ;'l..tnncd WI.! de\-cl-opmenf, the o\,I-a"'!1 and rel!ulaIIOn\ of the
<br />"':On4onuDlum ,}f pianneJ Uf\l! J-e\e-lupment, Jnd ,-tllut.lucnl Jt"---d!Tl~f1I~ If.l ""nJ(.lfnlnIUm ~H planned IJnl( de...el~JpmCnf
<br />rider ~s CACl.utcJ !)~ 8orrn~tl dod rt\.'Jrdcd. lt~gt!~f ,-,-,rn th_,- f)('t:d "~I T ru'.t, 'he dl\\';'n;.inl\ and ,'~reemt'n", ,)f .,,\.Jch IldcI
<br />\hali he :ocorpo-ratC\i lflh' .and ...hall amend JnJ s-urpicmcfil 1he ~,'\\..n.Jnh dnJ .1glccrn~nlS ..,I thIS Deed ,d 1 nt", ,I' If!he rloC'r
<br />_ere: ... p.n hcrt'\.");f
<br />? Plet<<don 01 l.rllClt-r'. Sh:unl). I! Bon..nl,t:f ~alj, :\' ;""':fkIOl :11(' ~p,cndn!'i JnJ .lgrecmenh 'I'nt;unt'd In lhl~
<br />Deed ('It Trust, ,)f It an\ .1";!lO-tl l'! p-r~x:.ceJulg ,\ ,,'lllfm:n...t:J ....hl..h '~u.lt'ri.jil~ ,l!f~...:., 1 coder., ,nl('r~,>! <11 the Pr,'rerl\.
<br />cnt;iudtDI.. hl.u n..,t IHT"H~1 In !"P~;'"'t~~ .-k'~;:~. .:~...'-'!-.l:,... -'. ,-,_.J..... ~.d";\.>:.:n.~"l, \'1 ...1 f.ln~C(llCnh ,If pH'<.:ecdlntr\ In\'~''''lng ,i
<br />banknlpt Of de..:-edtnt. lheo undef at L~nd(:r!l \l.pll\,}fi, upo-n n\)lh,.c 1(1 H..1-fh\\ljer.. m-a~ mait.e \u(-h appe.1t.:HkC~ Jl~hur\c ,u,-'h
<br />'UJ"AS .lad lake- ~\Kh a"tl-oo .u 1'10 nc.~e.U-ir; 1(\ Pft>t(:t;.' J_enJer '! ;ntcfc~I, 'lll.ludlng. nUl nol limited 1\' dl"'~Uf\t'f!lC'nt ;'1
<br />fe'4IOt1ablc aUoffiC)'\ feft llmi emr... upon lhe Pro~ft) i0 rnak.t rep<ur~ If I C'Olitr rc'4uw:-o mortgage 'f\"-Uf..-tn,e <I~ J.
<br />",-OnddlOfl of m.klOl lhe IQ-;tn secUlt:J r,) lhti ~ of TrU$t, 8orro..et \hdll pa) the p(C'n-uum,!, requun1 h' mamfalfl \l.Kh
<br />;n..u-raoc:e in dt"t unt1f ~ hme .u the re....uifen<tCnl for r..lli..h Irl'~uran-l(' ;ernHt1~Ut".. In J....:r.:o-rd.,Hll.l" "'-dh BtlffP..-er \ .lm1
<br />Leod:e.t', .rnuw iil/ccment Of ilppil.;.b\e La..,. lk~rrtl"er \.hall p.a) [nc <Jmdunl tl/ .lll mortg..gc n1..Uf;.tOLC prtrll\um... ,n l-h~
<br />mAn.., PfO~Jded under par&Jra-ph 1: be~,f
<br />An)' amount, Ji"buncd by t ltnder punu3fH W tt'm, pataJ,r.1ph 1 ....,llh H\lt:'lt""t thereun. \haH he1.iyn(" ,uidlllf,n"l
<br />.\WcbtedRC::!h o-f Boflower ~lJrt:d h) itUt Deed l',1 r,Ult-i l :nlC31'l. 8Ofro~(:t .w...! I cnJer ..I~(ee I,' {)thCl tetn", 01 ~)fllC'nl. l<lIttl
<br />Amounh Utan t'C: p.,..bk UJ'Otl ru:>-H\;c frt"tn t cn.J('t H' f)-(;Ifln~et re-4UC\lftl-jI,l: pln-men1 :he!e~tf. ;H\d ~h,dl 1'<;\1 qHt:'fC"1 lhHT1 the
<br />daa of dHbunc1ttU\t.t the ra.le p-I)abic from ame l~' llfnc- lm \.\l.i\\l~nd'I'J prlftL,p41 und~f lhO{' '~He ;inl.cl<\ l-'"ymef'i( l.lf ii1l~rC~1
<br />;it M:l(;.h, rate llll-ouM ~ <.1.mll.lf)' h,\ .apph,.ble la~, H1 ""hli..f1 c\r'Cnl \H(:h am{h.lnr, ,.h<iJ; heal 'li 1<." 1 1:..., ,ll lht' ~Hllhnl ral.;
<br />pe.;tt'>>llibie U~r .'r-ph~a~l,~ 1_,* 'othHlI ((~nl.l.n-(:d ~Il ,hI' P<H.iR:r~ph . I,h,..: -('-Fj,,'t~ t t'nder \,' ,rH ul' ..lfl\ cq'ef1\{' ,If l.lIkl"
<br />.wy Kt'<'m hco,uundu
<br />.. ....."t.... T tnde( >fl.,,!! 01'01........ ,!l \ .'.u....: Ii' I">t- ,,-'ad,!:; ~C;S'>"'I,,-~i.: ,"\.,(:.. 'p, '" ,'1.1 p"r'>1;'~: '.'''~ ,'I '!'1( /' ,)p\~;l \
<br />'h4\ l$toJ<, d,.,H ..~".\:t RtHn""loC1 m,~fKC' i,H!;ll !p ,-HI~ -'Ultl ,n'ioplt"IHH' \f:>e..d\,ul-i, r[",~...,'n,lf;H' .:,,0;: In{'Cl'; . .\'l.'d ! ".j~'r'
<br />n;~-f"{ 'j~ 'h.t Ph)_"",
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