|
<br /><"111_
<br />0'1-
<br />
<br />OO!iRA9
<br />.... - ~-4.~
<br />
<br />a9!,lir.@l:tI~ t~"" requires such ~ to be paid, Lender sbaii not be required to Pi)' 3uiiOWQ any interest or earning$- on the Funds. Lender sbalJ
<br />give to Borrower, witbol,t charge, an annual accounting of tbe Funds sbowing credits and debits to IlIe Fumis and me purpose for'wliicli ;;ad:.
<br />debilto tbe Funds W&!J made, The Funds are pledged as additional security for tbe sums secured by tltis Deed of Trust.
<br />If the amount of the Funds held by Lender, togelber with tlte future monthly installments of Funds payable prior to the due dates of taxes,
<br />assessments, insurarn:e premiums end ground rents. shall aceed L4e amount required to pay saiP ~, auessmems, insufIilIl:e)lfCmiUJllS.1!Qd:
<br />ground rents:s they fal! dll~J !l-..!d!~ ~aU be~ at -Borrower's option.. either prQmptly repaid to Borrower or credited to .Borrower:-OIl'~
<br />installment. of Funds, If the amount of tbe Funds held by Lender shall not be sufficient to pay taxes, assessmenJs.ltlSUllUICC'prl!l1li1l1l1511iiit~
<br />ground r'l'tltS1U they fall due. Borrower sltalI pay to Lender any amount necessary to make up the deficiency witliin.30dllyS fromthe~~~
<br />:s rnaii~-b}' L;r-;-=.-;; t~ 2-~r~ !'eq~j~ P3ymmt-thereof. -- '- - :c:-__-:_:._.--'~, -, ,:',
<br />Upon paymmt in fuii of aii ~unD ~Vi~ tJy t:lt~ ~ ~f '";;':-.::i~ ~~:.~ ~y ~~' to &...n~~ ,anyJ'ur~,~:~;i<.~~-~_'-_~-,R--'
<br />under paragraph 18 hereof the Property issnld or the Property is otherwise acquired by LelIder. Lender sh8Il \lpply, nolatertluiai~~ia;t~'.
<br />~!or (0 the sale of the Property or its acquisition by Lender. any Funds ficid oy Lender at th~tbnc-cf~-km~.eredit'P;!'~t\thC~~'
<br />secured by this Deed of Trust, . .. . deiCe
<br />), AppIleatlos of Pa,--al!l. Unless applicable law prOvides otherwise, all paymenu received by Lender UIldertheNOreend~ {,
<br />and 2 he.r-e!!f sf'i..all be applied by Lender first in paytnent of amounts payabi~_ to Le1idet by Bu~ u~ pe..~ 2 bermf~-thftt:~-~~;;;:.-
<br />payable on the Note. then to the princirJAt of the Note, and then to i.'i~t iUld principal on any f'~uture Ag~~ '- ,-_
<br />4. CIwaes; LIeaa. Borrower shall pay aU tnos, assessments and other charges, fines and Impositions attributable tOthH'fOJ>5ty-Wliii:!l: ..
<br />may attain a priority over this Deed of Trust, !llld leasehold payments or 8round rents, if any, in the manner provided un<kr .pa.-agro..pb,2:~.m(
<br />or, if not paid in ,,,,,h manner, by Borrower making payment, wih."fl due, directly to tl;;; payee thereof. Ilorr01ll1lr $haIl promptlyf\lmiJlt'\(j,
<br />Lender all notices of amounts due under this paragraph. and in the event Borrower shall make paynlCDt directly, Borrower shaII.prouwtIy C
<br />furnish to Lender receipts eVidencing such payments. DoUOwef sr-U\ll vl'urupt,'--, ~-~ a.-ty ll~ w!L~ hAA prinrity-om UUi: ~:ofT"~.
<br />provided, that Borrower shall nOl be required to discharge any sucb lien so lC'ng as Borrower shall agree in' :itJn& tothepaymeutof!l\Cc
<br />ohligation secured hy suclllien in a manner a<:cep!ahle to Lender, or shaH in ll'-" ' . lith C,""'!l$t s-.:cl> lien by. or defend enforcemento! sueliliet1 :
<br />in. legal proceedings which operate to prevent the enforc=ent of n,,, li", . :..,tme r' 1M PrOjl<!<tyOf any plitt thereof; . ..c
<br />S. Huanl..........". llorrower ili!!!i keep tne irrq:. ,jV,;n<'nlS l!C'" _'llni or hereafter erected on the Property insured against loS$ b)'Jlre,
<br />hazards inciuded within the term "extended coverage", end such other ha1:ards as Lender may require end in such ~ar.dfcr'sl!cl!.~.'
<br />as L.:nder may requir~; provided. that Lender shall nOt require that the amount of such coverage exceed that lUIlOUI1t of covcr&8e reqWred Wpat,
<br />the sums secured by this Deed of Trust,
<br />The insurance carrier providing th~ insurance shall be chosen bv Borrower subject to approval by Lender; provided, tbat sucll appI'(MIl
<br />shall not he liOrea.sonably witbheld, All premiums on insurance policies shall be paid in tbe manner provi'ded under paragl'llph Z hereof or, if not
<br />paid in .uclt manner, hy Borrower making payment, when due, directly to the insurance carrier,
<br />All ,nsuraD'" policies and renewals tit""",! shall be in form ac<-eprable to Lender and shall include a standard mortgage clll~ infavnr of
<br />and in form acceptable 10 Lender, under shall have t he right to hold the policies and renewals thereof, and Borrower shall promptly fumilllllO
<br />Lender all renewal noll_ and aU receipu of paid premiums, In the event of loss. Borrower shall give prompt notice to the il15lll'allCe<:llJTl.et' lI!ld
<br />Lender" Lender may w..ake proal of ton i i not mad.e promptiy by Borrower '
<br />Unless Lender end Borrower otherwise agree in writing, insurance proceed> shall be applied (0 restoration or repair of the Property
<br />damaged, provided such restoration or repair" ..::onomically feasible and the security of tbis Deed or Trust is not thereby Impaired. UsueIi
<br />,..loration or r~ i. !lot eoon<J!Ili<<Uy f..wble or if the security of tbis Deed of Trust would be impaired, the inslllUlCC proc:eeds sllaIl be
<br />applied to the sums secured by thi> Deed of Trust, with the ex..,..., ,f any, paid te Borrower. If the Property is abandoned by BorrowC!.\', or if
<br />Borrower fails to respond to t.-mder within JO Cays irom tne date' OOli<< 1:\ maii~ by ~ to ~""i'o-~ th=it :h: i.n:'~~ N:-~rit'! .,f~ ,to
<br />settle a clatm for Insurance benefits, Lender is authorized to coll..::t and apply the insuraru:e proceed> at Lender's option either to restoration or
<br />;~ of!he Pf~-rty or tt'! tM !Y..rm-~red by t.ha Deed of Trust.
<br />UnIes$ Lemler and Borro_ otherwise ll8U'e in writing. ..ny such application of proceeds to principal.haII no! _0:1 or poslpCt'",tbe due
<br /><E>_'" "t fa" m<mtt.iy insta!lmel:u rderred to in P&furaphs 1 end 2 hereof or chan&e the OJIlouot of such installments, If underparagreph 18
<br />hereof the Property i. acquired 1>)' Lrnde<, all ti$ht, title and interest of Borrower in iUld 10 any insUfance poIides and in end to the ~
<br />thereof resultina from <IamaIe 10 the Property pnor 10 the sale or acquisnion .hAll paso to Lendet' to the ""tent of tbe sums seeUfed by this 0Ce<I
<br />
<br />
<br />vfT,~t h:-mr~tdy yti*' to :m=h ~ ~ ~U!!iti-(j!!.
<br />
<br />6. ~ ad Ma&a&e8alK"e: of~; i-.-reokD; (:~iiiii; P;-r"'~ Uli;;~ C...;~_~~_~~":' Bor!'ow~ ~ k~ the
<br />Property in good repair and ,hall not commit "'&st. or permltlfnpairlMllt or deterioration or the Property and shall comply with tbe provisions
<br />of any lease if this ~ Qf Trust is on a lea5chokt. If HilS iJCe<1 or I rust is on a unit in.. wfNuwii4iO.i~ Gi ~. ~ unit ~nent, Borrower
<br />.ball perform all of Borrower', obligations under tbe declaration or covenants <-rearing or governina the condominium or planned unit
<br />dc:velopmenr, the by-la..... and rqulationo of the condonulUum or planned unit dC'ielopmem, and COllillluent doc.uments, If a condominium Or
<br />planned unit deveicpment rider is e"ecuted by Borrow... and rOCOfded t"8ether with this Deed of Trust, tbe covenants and agreements of such
<br />rider shall be lDoorporated into and shall arnen<land .upplement tho covenants and llllJ'eements of tltis Deed of Trust as ir the rider were a part
<br />bercoL
<br />7, Proledloa of Leader'. Seatrlly. If Borrowe, fails 10 perform the covenants lll1d llllJ'eements contained in lhi> Deed of Trust, or if Il1lY
<br />fU."tlon l'\f pnx-.eed!na is L.~ which malenally aHects L-tnde-r\ mtc:rest in the PropeH,.. irli:hftl~, hut n~ Umitcl to. ~minent domain~
<br />insolvency, code enfon::emenl, or Ilf'fftlIlICI11ts or proceedings mvolvins a bankrupt Of Uecedent, then Lender at Lender's option, upon Il0tice
<br />to Borrower, may' mak. sucll appearances, disburse such sum. and take such action &S Ui ntcesoary to protect Lender's interCSl. incluwll8, but
<br />not limited lO, diobunemellt of reasonable allOfnty', f_ and entry upon th. Prop<:rty to make repairs. If under requited mOrt$lllle insurance
<br />as a condition or making the loan secured by thi. Deed of Trust, Borrow.r shail pay the premium. required to maintain such insurance in eff.....,
<br />untH s~h time as tbe requirn:omt for such insul'llfltt tcrmina:td in a,"ordance with Borr-oYf-er's and Lender's written agreement or applicable
<br />~. Borf09r<< ~haU pa) the amount of aU ~e lfiiUJ&1"1~ prlffiliums ~n the nlaJll\:f pro'ilded under paragraph 2 bereoL
<br />~-\IIY amounts disbursed by Lender pursuant to this pafllllJ'apb 7, wllh interest thereon, shail become additional indebtedness of Borrower
<br />~t!.,.~ h} t~ !le!4 of T~L l~ 8QrrQW{'J' a,nd ~f:r as.tft to other lams of paymentt such amounts :shaH be payable upon notice from
<br />under to Borrower requeotiOll pa)'tI'lCIIltlm'eof. and sh;ill beat interest (rorn the dale of disbursement .1 the rat. ll'lyahle from time to time on
<br />~ prinapai \.lfldcr UJe Note unie$$ payt'ntill of interest a! such rille wouid be \:ontrary to applicable law. In which ~w'C'.nt such &"D.cunts
<br />shall bear imetest at the ltiabeot rlit., ~ under applicabl. Ia.... NOlll,"! <:OfltilJrn:;d "' this paragrapb 7 ,hail requlle te"der to inmr any
<br />tJ,_ or lue any &l:tirm bereundcs ,
<br />t. .......... LcotkJ mQ make- O1f ~ to .be ID&\k reasoua.bk entrieto upon and ins~tiOns of the P!!.)~ty, provided that Lender sha.U
<br />l!>vellort_ _~ poor LO any such IIl$pCCOOn s....:ifyi... reas<mllble c._ therefor related to Lender', interest in llle Pn.pe-fl y ,
<br />t... CtHthl8l...11 ~... lb<< ptOL.~ of any award or ,hUm for ditmaJ-es. dirttt Of con:!i.equential. in ~on~twn with jl.OY i:0ndcrnHaO(J~j t,11
<br />otbti: t-a.kU't& -of t~ Propc!tty~ Of part fhereof. -or fur COflVt"y-a-t"-'"C Hl hit'.J. uf t(tndenUa{lofi. are h~rf;by liUJgaed and _"ha.H IX" f)".'ttd 10 LnnJe-t
<br />hubt-e\'* \.1# a rouH.a.k.m, oft.he Prup<<ty. t~ pr~.l.dutll b< applied to au: ~U-t"tU; SCl.;'ured by dh':o I>ceil uf rnt~t. wah lfl;:O eJ;:~). if an"
<br />~tO'.Sot'1~. 1ft dtC:<"vt:n~ of. paJ;.tiat twnt; of tlw! .Pn)f_*.t~-'j. u~~~ 8o:fi-o}....."(;f ar<<J. i-,_("ftd~f f}{h-erw~ .a~n.'(: In ",r~Uli~, !.rU."1't :;h.aH be <ti1rjir~~
<br />t{l t,!....t !i\roU i-t\.:u-tM b}- thit fJec4 Of TrU!l "U(..;.~ P'fti.:tpW1.tOO or tht p1:{x:eed'1i <lei, l~ cqtHil h~ lnal. pnJ-l)(:<f{10n llli'fHl,...h the t\.mO..HH ~'f the __um"-
<br /> ;;"O.:lifl."1.t
<br />
|