|
<br />{f Borrower pats Funds to Lowder, theFunds xhatt beheld in an irstitutionthedepinits or accaunts of which are
<br />insuced or guaranteed by a Federal ar state agtncv iineluding Lender if [xitder is such an institution)- Lender shall apply
<br />the Fonds to pay said taxks: assessments, insurance premiums and ground rents. Lender may notcharge for so holding
<br />snd applying the funds, analyzing said account or veritying and compiling said assessments and bilSs, unless tender
<br />paFS Borrower interest on the Funds and applicable law permits Lender to make such a charge. Bomta•er and Lender
<br />may agree in writing at the titrte of execution bf thinDttd of Trust that interest on the Funds. shall be paid to Borrower,
<br />and unless each agreement is made or,aQplieable law requires such interest to be paid, Lender shall not be required
<br />to pay Borrower any interest or eamntgs an the Funds. [.ender sfsalL give to Borrower. is':thout charge, an aunual
<br />aenwoting of the Furtds showingeredits and debits to the Funds aril the'ourpase far which each debit to the Funds wax
<br />.made. The Funds are. pledged as additional security for the sums secured by this feed of Trust.
<br />IFthe amount of the Farads !told by lender, together with the future monthly installmtnts of Funds payable prior to
<br />the dve dates of taxes, assessments. iztsuran~•e premiums and-ground rents: shaft exceed the amount required to pay said
<br />taxes, assessments.insurance prattiums atzd ground rents as they fall due, such excess shat! be, at Botrpwer's option.
<br />eithez promptly rtpa~ to $txirower or credited to 8<xrowar on monthly installments of Funds. tt the amount of the
<br />l=ands held by t,enAer shall notbe sufficient to gay razes, assessments: insurance premiums and gtround rents as they tall
<br />due, $otrovrer shall;pay to Lender any amount necessary to make up the deficiency in one pr more payments as Lender
<br />may require:
<br />l}pon payment is furl of tilt sums secured bg this !loco of Trust: tender shall promptly refund to Bortpaer any
<br />Fun<is held. by Lender. tf under paragraph t' hereof the Property is sold or the::Property is otherwise acquired by
<br />I;ender, [.ender shad apply. no later than immediately prig to ttse sale of the Property or its acquisiripn by Lr.nder. any
<br />Funds held by Lender at the dme of appticarioa as s credit against the sums secured by this Tweed of Trust.
<br />~. Ap~liadw'a ~J~a- Euless apptrable law provides othcxw7se, tits payments received by !.ender under
<br />the Note. and paragraphs t wad ~ hecraf shat! be apptied by tender first in pav-ment of amounts payable to !.ender by
<br />Bbrnnwec under paragx'aph 2 hereof. then to intnrrcrpayabte'on the *lrne, and then to'the prtncipat of the Note.
<br />J. Pure Mutes aid flaada o! Trsts ~« tkm- Borrower sltatf perform nit of $ottower ; obligaticzns
<br />under tiny mbetgage. deed ot't..ixt ar other security agreement wita a lien which has priarittr over this Deed tat Trust.
<br />iactnding 19arrcrwez's covenants to make payments what. due- Borrower shalt pay or cause to be paid atl taxes.
<br />assessmeatsand other charges, Etna and unposidons axtriburable to the. Property which may. attain a priority over this
<br />heed of Trust, and teasehoid paymmts car ground'rrnts. tf tiny.
<br />S. Hrtae~ ltweiret- Borrower shall keep the improvements now eacisting ur hereafter erected un the Property'
<br />iusurcd agai~t tans br fire. hazards included within the term "extended coverage'". and saca arbor harards as Linder
<br />.mar requireand is such amounts and for such periods as Lcndv may rcqu[re.
<br />The insurance caterer providing the iasuranecsfiafl be ciioscn br' Borrower subject to approval by i.ender; prorided.
<br />that such approval shalt notfx unrcasonabty wtthhetd. Alf insurance policies anti renewals'tnereof shalt tae to a forth
<br />att~eptable to Lender and stoat! itacfvde a stanrlarzS rszortgage clauses tusor aC and in a 4orm acceptable to Lander.
<br />[.ender shall hire fie right w hoW the policies and tencwats thtreuf, sulxpect act theterrns of any mortgage, deed of trust
<br />or other secants aKTeerttenL with a lssn which has ptianty rn•cr this L3eed af'I'rust.
<br />[n the rrentofloss. Borrbtrcr shalt give prompt notice tit the tnsur.:ncc Larricr :red Lender. tinder may make.pt-twf
<br />ct t.»s if nix made promptly fly $orrowcr-
<br />tfthe E'ttoperty is abandotmd try Borrower. car ~t Borrower farts to respond to !.ruder ssitfitn 30da,s from the date
<br />noticcismailedby(icndcrto8artuw+erthatsht~nsur,uiserareieror~rto-._iu.attatmforipsurancrberetits.Lender~is
<br />authorized to collect and apply ;hc :nwrarcc ~rc~-eeii~ at Lczt-'. -s <,ptt~~n rithrr to rr<storatiun or repast of the
<br />PtYtpcRy ar to the sums secured by th3a i~:.~+. rru s c .
<br />6. Pws~evaaiw tiro flIlairNawt< oI Pr~yie*a?: F.easehoWrf; CandominiQeir-l'tadaed Linlt Devcioparrats. Bor-
<br />rower shalt keepthr Prapertyin R'n't~ rrpau and shall eat cornmtt aaste or ttcim~it tmpaErmrnt aN lie tunnraiism of the
<br />['ropeny andshat! com¢stgwith tae pro•~swns ,,fan, :case ~t thas TSecd of Trust is t7n a reasc•hold. ! rth;x tired of "trust is~
<br />: ~ a unit @n a ionaominwm ~r aotanrrri uni..tr4rla}smeot;:$txtowcr shah ~rfocmat; of Borr~wcr i oht~gsttons nudes.:
<br />the dedaratmn or tt*•~onants ereatm;i n; K,acernutg the eortdomzntum~ctr planned unit dr.•cicpmcnt, ['.^r h~:.i,tws and
<br />rrguhiriortsot the condonnmum or p:anntd ant %c•cioprnent, ar.II ~~tnstl[urnt tt(NFUrr rnU.
<br />7. PtwctFr oC LtrdKS Sacrrity- ft BocruWrs iasls to pcrt.~rm trio ctzvenann ,.ru : grccmcan r"ntaincci in this
<br />Deed od Trust. ~Y s[ tine actinrt or prxecdtng ~s comm•rn.ed ~o-nrci: tnaicna .tee;, Lr_n,icr ~, aria-~e,e ir, the Preaperty..
<br />then: Lender. ai Ltnder's option. upon npti.*_~ tc. Borrower, :nr_. make iuchap~urnn~ _ ~;si~u,sc ~ueh same. tncfudtng;
<br />reasonable utorness' fors. and iske such action as s oe~t~sar} tt ,,. utri: L< irr's h,+erca- i; L<~natr rcqu~red mortgage
<br />insurance as a cotuiitian of tnahing the'oa.n seeurrci by thu !byre t i-rus±_ t3om-wrr has Via. t:~c prem~i^m~. required to.
<br />mainqun such insurance in effort urtiil sac` nmt as :hc reyu:zxr-trnt tx r r-:F ,nsu:.tn;„e Lerminates in a<cottlanaewttb
<br />Borrotrer's utd Lender s uri:ten axrecmcnt or spclicab:e Lrw .
<br />Any amouns disbursed by Lender pur<amm[ to :his parsgra t; "- -+ih r.[rsest rlrereixn, azthc tiatc rate;.shait
<br />bteome additional indcbtrdatss of Barrrrer src~red ~v this ikrd of !rune. l:nfe>s &trrur.rr and L.endcr agree =o
<br />other terms of payment, such amvunu shall '4 Pa?ubtt uix~n nn;rce tr:,r:, :.,ender i<i Borrowerreqursitng p y~rnenz
<br />thereof. Nothing etartaised in chts }.ara:traph ' strati toga;rr Le>adrr !n;ncur any ezperse artakc any st ti :n hneunder:
<br />i}. tspactM~. Fender may make or coast ko be niad: rt:.~,::abic entrits upon and ns~eciittns qtr 'he Propeiti•.
<br />provided tha[ Lender saaii g-a•-e Borrcttacr nonce-prior to'anp such ~nspeezron ~pectfving'reationyble- causezherefor
<br />related to L.-ndtr's interest .c !hc Pmrxrts.
<br />9. C~demaatMr..: hr ,or~xyecis of any award'br claim for darrratzes : [rec:^t nr cztnsequrntial. in L~;mnretstin wi;h
<br />any co:cdemnation or attzcr taietng of the Prbpert~ ar parti}!c:aro€. •~r 'or .anvecancern Lieu ai"rondemnaiiAn. arc
<br />hereby .xssagnrd and shwa be paid to Lender. sutajcactta the icrrss <af any ma=z¢agt- tired s>= trust yr other security agrre-
<br />^ent with a lien w-htch has prsonr r vscr ,irFs L7ccei of'1 rush
<br />I0. 13rrrowaK tat Releasri: f~ 8ylennd~cc war a_Waivcr.Exzeitaxtn atf~~-she rime fnrpaymcnt ar
<br />ntpGitiiativn -tt ant<tirtizatFnn of tax sums vcctsred tz3`=hs i1:•rC :..< 1 •.rst „r~,n:rrth4Lercderzoany5txresrsctr ea interest tat
<br />i3errt,,.~er shall eat a¢.;a[e to re}case. ir, arpmanner eh ,rats;! f .:-c ,- teal Br>rn.wer and B+~rz„~.•t r ..'cesspn~ its
<br />interest. tsnd~rr r;nali sK~t be required to ,tt ,irtancc pr ~credre~•s t¢ ., ,,.~ h .c.~ar,~.. _ , '":rti;l ria~s,en : .art: }~or pay-
<br />naena rr?a~a~z.-tse mix!i1S~ asncrrti_atic~z __, t tie suers ~:, u'xvJ t+v sht, 'ict-ci ,- ~{ :u[ br .. , -, ;a ~.a ,_. ~r:-,? " e;.:ac b} th¢C
<br />~4!'i hlflS B'x:t~wM s7nd Ba~rrIIweT tJt ~`CSiin'~ ~n ~n"CiY <t. :~i tai t 'S,'J ~/~! e ~,: ;1:.tr .`-,'-t~:^~- t h ;- i 4r:f , .- rrntx-ttG~
<br />herruncter_+'~•r ethc*,•-ist afi'orccrd:~. 3npls~ hip law, •.. apt .o ., , ..;.tort • .:.t t_ .... ~ ,. ~ ,.~ .,.,hr...;hi o[
<br />•trMt
<br />t. snn^er.on aasd ~LSdg~ Finur+t3: lo+nr and '+r,=erza 1.iir+ilin: r... -:i;yna:-s __ .- .. .- _ .~:• s~rtes
<br />t ,
<br />,;.L: i_, _-.gin t~.,~ f ., s. ..cc! ,. „ rc ~.. __. .: ~.. ~~ ._ ... ~~ ._..... ~.
<br />E"":..., ,.... s.,.,.~. -. - ... ~- . ari.~~
<br />mot.- r5.-r 4. _ ,. -, r, . - S>~ _." ..~. _. ' ---i <~-5•. ,. ~ Iti -. tri:=a
<br />.. ,
<br />.. r .:. „_ `n, , .. .. -...._. -. -. .~ :.scow. -.F. ,...
<br />
|