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<br />r <br /> <br />L <br /> <br />r <br /> <br />84-003974 <br /> <br /> <br />UNIFORM COV!:NANTS. Borrower and I."end.::r covenant and agree as follows: <br />.1. PayJDenlOf.PrIlldpllllUld Inte_; BorrowenhaU promptly pay when due lheprincipalor and inlereston th7 <br />indebtedness evidenced by the Note. prepayment and latechargesa. provided in the Note, and the principalorand'il1t~t. <br />on any FutureAdvanceHecured by this Deed of Trust, . ." . . .. ...... 'e.><, . <br />2. ........ tor T_ lUId~, Subject 10 applicable law or 10 a. written wai_by Len~; ~;~hlill!>llY: <br />to Lender on. the day mon.. thlYlilSta. IIment....of PrinCiP.al and. .interes. tare. p. aYah.le unde. r the N.. ote". un.liI. .' .'.111. e.. .N.o.te. .'. I. "..'...twd. .... ..".In... <br /> ro... '.III1..i.': <br />a sum (herein "Funds") equal to one-twelfth of the yearly laxesandassessmenlS whichmayaltaln:priorllY'overetllis <br />Deed of Trust, and ground renls on the property, if any. plus one-twelrth of yearly pl'CUliumJnstaflment$ for~rd,insu~, <br />plu. one-twelflh of yearly premium installments for mortgage in'tJt'Oo<;e;ifany,aft.5~nabl}r estJrnate.llllitlallyan!l;frQIIl <br />time to time by Lender on the basis of .............rsandhill.and reasonableestimOll!s:thi!.,.of.' ... '. .. <br />The Fund. .hafl be ,held in. an iostitution the depo.itsor accounlSofwhich arei...u@: <br />state agency (including Lender if Lender i. such an Institution). Lender shall apply the.Fqlldf <br />in.ur.nce premiums.nd ground rents, Lendermay not cbarge ror so holdingand~p-'tlyinfPhe <br />or v~rif;-;r~ find COi'llplling said ~enfs ;and: biiis.- uniess'-Lender- pays Bo~er Intert$t'on <br />pennits Lender to make such a charge. Borrower.nd Lenderm.y agreeinwritlnga~tIIlUim:e})f; <br />Deed or Trust that inte"'" on the Fund. shaU he paid to Borrower, andunl".. .uch agrecmenti,,,mnde"or <br />requi",s .uch Interest to ~ paid, Lender .hall no. he requi~ top.y Bnrroweranr inte~t or eaminlfs'OIl':fhe' <br />.haU gtve to Borrower. without charge, an annual accountlOgorlhe Funds'Showmgcreditsanddel>i(.tnc.he;FU!lI4"tllhfhl>" <br />putpose for which each debi.lo the Funds was made, The Pund. are pledged as additional security forthesiim$secIlred <br />hy Ihis Deed of Trust. '. . . . <br />Ir the .mountof the Funds held hy .Lender, together with the futurilmonthly'ilUtallment$.ofeF'tlJ\ds'I'ayableJ>!lor;to, <br />,he due dales of tues, ................., ",.uranee premiums .nd ground renl'. shall exceed theaUlOuntrequired'I!>. ;taxes. <br />allSeSSmenlS, ilUnranee ~miums and ground rent. as they <alld"e, such el<CCSS shall ""-..1 .Borrn <br />promptly repaid tn Borrower or credited to Borrower on monthly installments or. Funds. " lftheamoil <br />held by Lender mall not he sufficient to pay taxes, ......ment., insur.ncepremiunlS' and g1;OUnd ren <br />Borrower .h.H pay 10 Lender .ny amount ne<:e$sary to make up the deficiency within 30 day. from thi!dat"llOtJCe;Is;:ll'lai~; <br />by Lender to ~ requesting payment Ihereof." '. ..... . .,..... ...., ,... "'" <br />Upon payment m full or all .unu "",ured by th.. Deed of Tru.t. Lender shalll'rornpUyrefund to Borroweranyl"unds' <br />held by Lender, If under par.graph 18 hereof lbe Property IS 1iOId or the Propeny', otherwise acquired by Lender."Lender <br />shall .1'1'1)', no laler than immedu.tely prior 10 lhe ..ie of the Property or It< acquj>i~Ion hy Lender. any Funds held by <br />Lender at the Ii " il against Ihe .ums '\eCured by Ihis Deed of Trust. <br />3. A ' . less applicable law provide< otherwIse, all payments =cived by Lenderun&erlhe <br />Nol<lsnd paragr reol mall he applied hy Lend.. first in paymenl of a>nountspayable to, Lender by Borrower <br />under paragraph 2 herrof. then to mteres! payable on the N(~te. then to the p-rmdpal of the Note,- and then _to. interest and <br />principal on any Futu..re Advances <br />4. (.~ L..ieM. BorTowe~ 1:haU pay all tux.e.-'i. :J.sse'!iSJllenl~ and ofh~r cnar.ge. fines. and impositions attribufabJe, to <br />the Property v.."hich may attain a priority over this De.ed of Trust. anrl ~hoId payments. or ground rents~ if any. in. the <br />manner provided under paragraph 2 l'....eot .x. if n<ll "..d in .uch manr , , by Borrower nutklOg payment, when due. dln:ctly <br />10 lhe p.yee lhereof. Borrower ,hail prompuy rmmS. ,Lender all I1<"K:'" of amounlS due under this paragntph. and in lilt <br />event Borrower shall malt.e payment directly, Borrower ,hall promptly furnish to tender receipts cvidencinllsuch payments. <br />8orrowtt lba!! promptly diseharge: any hen which hat. priority ov-c:r thlS Deed of Trutt; providerl~ t.hat Burrower shan nQt. be <br />fequt~ to aischargc any lH"-'h hen ~, Ii)n. a~ Borro..-er shaU iigree ill \vritin~ to the payment .of the obligatton seeured. by <br />,"uch hen to a manner K\.""eptable to J.c,nder. or j.haU Hl good t~uth comest SlH..~ hen by~ or defend enforcement of such He~ in. <br />legal pnx"CCdinfs ""i\M;h operat.e to prevent [he tniortetnent ~'i( the hen or l_orfcitUfC of tbe Property or any part..tnereQf, <br />:!" a..... iasuraDClt. .tklfrtWio"er ~haH keep the ImpTovemc-nts llQ\lil' t-)UStlhg Of' hereafter 4!rccrcd on the Property imurcd <br />again5t lo!a by fire-. haurdi included within ~he term nc),tt'nd~ nwerage"'. and sucb other hauM as'lender may- require,. <br />and 10 such amountl ltnd tor 1iuc-n pen-ods .il~ I ,ender may reqUlrc: pro","lded. that [.ender, ~hafl- not require that the-~p.:...'lOunt of <br />'och co,"-era&c exceed (hat amount of <.'overage ret,funed to rHl~' inc. ;unl~ '$C'Cured by thrt- Oced of Tnt$t. .- <br />The: inwnmc~ carner pnwidml thl;' in'UfafK-~ <i;haU -be l..~htl~f1 by ao-rrowt'-f $ub.ject .h) approval by ~Jender. provided. <br />flw such approv.l >hall nul he u.nr....."'.i:tly ""thheld. All pn:m,ums an msu"ncepolki.. mall be paid in them._ <br />provided under par........pb 2 he.....,! or, It 11<" paul HI .uch manner, by lI<>rrowcr makinS payment. when due, dire<;:tlYlo the <br />~nmrance ~< <br />AU lmur4ncc poh~.ie'!J- <iOU refniw.lli!l lncre-Ot ,.haU ~ in form a~~ptahie to Lender and thall include a standard- mortgap <br />,.JaU$C 11'1: iavQt of and in ft'lfttl 3cceptaDh! lo l.ell-de:f. Lt,'tHk:r .'5haH have '-he risht to holy lhe policies and renewals thoreof. <br />and Botrotl.-'C1" lIhaU promptly tmobh to LCnUcl :ail 1"\:ft<'w;ti !lot~ iliOO ;1f! r'C..:-cipl.5 '()f paW pfemi~. In the -evcnt. of loss. <br />BorfQweT $hall gl\'c pt''Ompt notKc- l\) the itu-uran<:'t: >.:it-fflc,l' ..n~i LenOcr. Lenticr m<<\y make proof of Iou if no( made Pf.omptly' <br />by Bor"""'C{, <br />Unlcti Li:nder and Borrowc.t t1-1t~fwlliC -agr<< In ""'Hltng. In'\ufilo~e pr~'~ ~hi'lll .be applied tQ rC$toration,or repair of <br />4~ P~rty, ,j~nut:'t'd. rfO"'l..~.j ~t.~h n....,K\r~!!on t..'-f !;:~:t!.!- j":'. n',-ntc~n:ut:~Hy k:~sih!t- g~j the -security of th:! ~...4 e! Trusl is <br />nut thcN"cb,. Impaife~.t If \uch ~1unltwnl)r n;ptlff ,') not C-'l)rH)mlc.U~- h,;a~bte Of If tnt', SC\,::urity o-f this Deed df Tru~l would <br />~ ltllpaUcd, the in,"lfi4ttCc pH'C<<d$ dutii be .pphe~t to Ihe iun\-'i se~\lrtXI hy thiS Deed of Tru-Sl. with the e!i;CCS1.. if an)", paid <br />to 8orrowcr. a the Property t..) abandoned by Boni.)\"IC'(, .., If HOff(i\\--er {a,I\ tv rc\pvnd to Lender within 30 days from lh'C <br />date O\"\tj..:e lS mailed by tendel' to Borrower that t~ lOj.uro:tn\'~~ I.:arrl-e'r olfch W Jelde a di.lim {or losurance benellts, l.ender <br />l~ autbonze.d to ..:\)11<<1 and apply tht lnwulfKe pf<<'~li ~t Lcnde.r"li OplID1'1 elfher to !~loration or repair of the Prope:ny <br />(t-f 10 the tutm ~,-m~ by thi$. E>et:d of TNil, <br />Unles6 Lender :uw 8orto\fief i..'HheJW~ agree In wflhng, all) ),U\:h apphcahon oi proceeds. to prioclpal sh&U nol ex'~n~ <br />Of lX"tputiC the due dale \,)! tbe flk'inchly IfhtaHmeuh re-Icrrl~ to ti\ paragraphs. I and 2. hereof or \:nange the ~mount 01 <br />\uch installments. Jf under paragraph 1S MfiOOt I~ Propeny 1& ac-qutred by Litnder, aU fight, utle and intcrest (It Borrower <br />in and to any lnlUl'8ru.:C pohc,'e1i and In il-nd M the.. pHketNis lbcteof rC'Sulth)g from damage.l<) the Property prk-'~f to the sale <br />Qr ih;quwboo shAH pus h:.l l...etWc1 to the C',;\l.enl 01 ltw ).Uln~ ~.urcd b~ th,s [)e.ed 01 1 rust lfl-llnealatcf)' prior to such suie or <br />ac<!uisiticm. <br />6. "'-"'..rIoA.... MaiIlt._ of Proper!}; l.-kolck; Condomlnl_ PIa....... 1.l..1t DeveloptMtlt& Borrow.r <br />"hAil keep the. Pn~f{} In gvoJ r-evatr 0lrn:1 s.hail I\.i,M .;,,'ommn wUle \)~ permIt IInpailTl'e:lH of lkteriorauon of the Pr~~tty <br />-Jnd- shall comply WJth the pro...o~~ Of an;- !ea:.e if th~$ [)eed of Trust l~ on it ie~oohl If thiS Deed of TrusllS 011 il ~mH 10 i! <br />condominium -Of <l planned unit lk\'cio-pmcm. BoH~"c:r i<h41H periorm ~tll oi Borrower's obligations. under the dechual;\)n <br />Of' covenants- creating or governing the -condonunjum (l,r planned Urp!. dt'\fe,lo.pnl4ent, the by~ia\\~ .md re~ulatjoos ni the <br />coodomioium ill' planned unit development. and oomtttueru dt.'lCument~.. . It a \:\.mdt)mjnium (~r plaoned unit devehJftmet\1 <br />r~ i-s ~lil\.-ut.cd by Borro-wer .nd recorded together With tht~ Deed of "'f ~l. the (:\)\'cnants ;unl a8T<<lllenB of such rider <br />,ball be- it\i;Ofp<Kat.cd IOh.) and shaH amend and supplement the ~(~\'~t)a.nh .m~l a81't'.em~nls of thl$ Deed -.,It Trust its- If the rider <br />...,'" . part heRO" <br />7. ~ 01 1<.f':1Ida-', Securit). It ,~')rHl......er falls to perform lhc ,--..)\;~mmls .;wJ agn..'-(mcnl~ (Vnl;jlHled In thi~ <br />Deed nt Tnat, ()l it ~ny ..-ctkm Of p~ed~ng i~ (omnlen.xd. .....hich maler-mll)< i4fl'ec(~ Lender") intcrot in Ih~ Pr(lpeny, <br />l,~& but not imutcd lO,. enul1M!: dt.'lfnam. insoiveru;j-. <.:004: entnf\-~nleIH. fir a;rriingcmCml\ or pfOCeeUU)g~, HH"OIVHl!,l. ~ <br />ban-bupt or decedent. then l.ender .il Lender~s -t)ptlon. upon nohct~ to Borruwcr. may make ~\h,:h appe-an.mc~~. dl!lohtlf"~ slI<.:h <br />"W1l$- _-ad l~e $-OCR <f-~Uon a~ i~ necessary to prote.ct Le-ndcr\ interest, loduding. hut nol hmiled to, di'Sbur~'ment ,)1 <br />f~. 4$:tofnt'y'$ t(lti and eAtry upon the' Propert)' ftJ n'l.iilr.:t..~ tepai~ Jr Lender re'luired rfh..l-np.Je in'iUr,HH,:t' .1\ ~, <br />~UQA ~ ~n& ~ Joan i<<:Uf<:4 t'ly this ~ oJ Trm-t. ilOnV'4'iCt shaH P;1,~ the premiums' require~i to maltHam Hh.:h <br />tnsut~ in dU:ct un-td ~ time, as lhe .roqUifCfDCllt for sw;h HliliurafH:e H;rrnlnal~ m .a\.X'ordaucc wuh 8orf\1w-e1 '.'Ii ilnu <br />t.cackr"J ~Wen ..... . _. or applot>>e laW, < aotWWC-f !\.h.U p:a~. l.ne amvunt {It .all mortgage: tn!;'Ul'llOC\" pl'emlufH-\ In the <br />ll'WlIlIIf provided Wldet. paraanpb 2 beroof <br />Any. ""_,_ "- d~ by Le~f punwwt t<J thiS pClugnpn 7. wUh. !ntere\t {hc.rCUtl. 'i.hall he....nme; "td.(htlOI1~i <br />:i~ tR Bofl'UW'et MCwed t:'y thu. t~ (1ft TfltM., t.!nlcu !klfrower aM LeltU-er ~8H..e to other 1crm!/. ~).l ~.vmCI\l, ..u;.;h <br />.amtlUOta.ball be "Y:abIe upOn OOtl~ ,ttNn Len~r toHon..l"'~f' reqUfiOn, ~ff~nt tMr~}t, "'n.d lhall Oe-$f mttrest thJl1i Ihe <br />-datt: ~(~l .at t.he "'te payable: (rum. time: to ,nme on out&(a-fuj~n-8 pnn-c!p.ai unde:r tht-, NOIe UnicA\ paymcnl of inlerest <br />at ~,r$, 'Would ~, ,..-mt:rary 10 ~~~aWe- law. In wtw.:h ~'iI;'flt '\H~:h .Hlwum~, '\naH hear lOtere\-t a{ d'lt tllght':st fiHe <br />pctt--.bk ~ ,appI~ htw, NOIhUtI >';:(l.ntarned m th!~ lltiHtitupb : "J.-h.U r~UIf(- Lender 1\. In....~uf ~l1y t:(pcnse tW lAke <br />..., aWo<l_......., <br />.., ~ J,.~ m..~ .~U: O-t' .I.:,~U$C l~) ~ made. O:iholl-O-llbn- f.:f~UJe.~ \J~H) IH",-.llfl-'>f.'W;.\,'tH){)~ Ollh~ PTOPC-H\', pH," hkd <br />dtllt,l~ .......""" BOt.f-QW'1tt 1l\";C~ pi-"'l\}t 10 1W)' ~"",h !U~tl(.l,n ~tt'ymi ,;v~l:'ulhk (4UM1 1MH!-ln.i ('dated (,~ i l.'mlt'l ... <br />'....... m ltoa. ~.. <br /> <br />84 -~ooa97,1 <br />