|
��'. . , .� �' ` ...�+sy :``„' :js,,, ,v.....-....v�c:..s .. _ .. .
<br /> F .. � •.��..I.�i�CiaKw1"da. .�.. ' I . .. - ..—= '. .. ^ . "'_
<br /> . �!.��i.,vs7:r... . . �
<br /> ,./. -_
<br /> ' ..1iWiF1iMM��__— _— __ ' — - � .._ — _ ...
<br /> — � y
<br /> � .�,.
<br /> � � � �
<br /> ��. .'� ,. •, —.
<br /> � UNIFORM COVENANT8.8o►rowK and L�nd�eownant and s�rM q lollows: 72"�����7�
<br /> .� ., ' 1. Pa��°� �� � IM�n�1.8o�ow��hall promPaY WY when dw tM prinofpal ol �nd Irrydr�on fh�
<br /> .�� �ndeptsdne�s�vid�ncedbl►theNots. Yma►tandla»ch�ryeusProvld�dintlwNoN.�ndth�P��W�alaildln{eKM1on
<br /> � ° any Future IWvanaes acured by ths D�d o1 Trwt
<br /> Z. Fwid�lorTw�M�dln�uane�.SuW�atba Ic�blsl�waWawdtlenwdwrbyUnder.8orrowe�ehi�l4l�f►tal.Mder
<br /> +� undertl�Nab.untUtMNot�is p�Idlnfa�Yu��um(�Nn
<br /> ,�, . onthedeyn�onlhlylnstillm�ntsofprincip�lendin tarepay�bt�
<br /> ., „Funds")e4�1 to on�•tw�lfth of d�s ys��ty I�ea and assessments which msy stt�in priorlll�o+r�thisQMA of Tni�1.end ! - _.--�----- ,--
<br /> _ . ��y pf�wn b�i�ll��br mp�A��a�posn Inwnn�csof yMd�arHe,msim ine� ssonab��idi"�t�d initiNly�nd kam t�M tlnN by __
<br /> �on the baffs of usassmsnb endbUls�nd� �auonable a�tlm�tos q�eof.
<br /> Ths Fundsshall bshstd in an instlwtlonth�d�Pos�boraecounts o1 wh�hare insurador�uernnfeed,by aFadetRl e►stwts
<br /> iniurancepi�nlum�a�ro�nd��i°.��►m�r��ree��sorha�Id�lopand�PP�Y�disFuad ��►�j�'s.�in0aa� �d���
<br /> orverifyinp�ndcomPflin�taidasaesnnents�ndbilt unte�sLende►P�ysBonowarintere�t4nihsFundfandnpP���I�w
<br /> De�d of Trun
<br /> its l,ender tomakesuch a charpe.BoRawer and��Y�W���^w�idnp atthe dme ot�xecuU4nof thlA _
<br /> ',.. t interest on tha Funds shall be psid to 8orcower.atd unlas�such apreemer►t 1s made or appppIlcalbe�� �.►equlte�such �
<br /> „ interowe�without char�q en annual�accQountln�OtMMa Fu�ds�howi intcredib and die6ib to the�ur�idsen�tlire u�►pc�ie lor ---- `
<br /> Borr
<br /> Tuic�hsachd�biltothsFundswasm�de.TMFundsarepled�edas�add�d�a��uriyfarlhesumswcuredby IsO�do� I�
<br /> It the amount of the iunds held by Lender,lo�ether with 1he future manthly inatellments ot Funds paY�blpPriar to the due �-
<br /> fnsurence premiums aad ground renla,ghalt exceed the amoant�equired ta ppr�aid taxea. �„-_�-
<br /> detea of taxes,es�esanianb. �r y 80 �'-
<br /> , . 6�osemsps�yeMs,d to�Bor ow��orucredit d[o�8uo�rrower on monlhly�Mstallrt�ienb of F�und�s.If th�a amount ql tt�iA Fu�s�he�d r — _ �____� __..
<br /> Lendershallnotbesulflcienitopaytexes,eas�sment�,inaurancewihin�30de�afrom�lhad�eesoti�CO�d��byL�d�"' -- __
<br /> ' �' �� pay to Lender any a�m�����Y�make up the deficfency Y
<br /> Bonowar requesdn t thsreot. - -
<br /> Uppnpaymentinfullat 18hereof�thePropyetrht�ys�orthePrope�tey(isotheiwseacquiredby�Lend 4enderhsl pp�Y _ -=
<br /> �� •� . I Lender.It undar parayraph _ e ro or its acqu�isitfon by L�nder,and Funds hold by Lende�atthe Nme ot __
<br /> ; no leter then immadiatelYPr�orto the�ale of th P PeRY rus�
<br /> applicaGon aa a credit apamat the aums eecured by this Deed o1 T
<br /> ..�. 3. ��y�p�p�yn�+b.Unleas appl�able lew provides othe►wiae,all paymenle received by lenqer under the Note
<br /> end paragrePhs 1 and 2�hereol shall be applied bY Lender firat In paymeot of amounts paya6le to Lende�br Borrower unde� '��
<br /> '� • . parapraph2hereof.tlwnrointarestpayablaontheNote.thentotheprinclpelollheNote,a�dthantolnt�re�te�dprincipslon
<br /> any Future Advances.
<br /> � `�..� ,. C�ar�s�Lhns,Borrowe►ss�he��Pay all texes,essessmenta a�d other charges,lines end Impoaition�etlribulable to the �
<br /> � PropeAy which may a�h 2 here�ii or 1f oit pa�d auch ma nn er by�Bo fr owemm kn0 g�yme t when���pue,di�rootly t�the �
<br /> �:., � provided under pa►ay q h
<br /> � pa yee thereof.Bo►rowerehell promptly furnlsh tAr e�er fl��o,p�y�up�ieh to ender reLeip�e Ide a,ng�uch paymen�
<br /> - - - Bonower si�aii muke paymsnt diseedy.9o►row. ppN over thia i�eed oi Truuk arovkfed.tt�a.9a:sowar sheR no�
<br /> BoROwer shallp�omptlY discherye any lien whl�h hes pri ty mentof Me ohli�h ansecured by such
<br /> � requiredtodischaryeany auchliensolonpeeBorrowerahallapreelnwrNinptothepay _t
<br /> lien in a manner acceptabte to�eventthse enforc�einent ol the Ilen�or lorfel ureyot th�e Propvrnt�y�p�a y pa*1 tlie�j n In,leQal l����`
<br /> ,;`... Proceedlnya which ope p Insured t;; e
<br /> d 5, Hw�d�nwran��.Borrower ahall keep the Improvements now exlating or hereaRer ereGted on the Property '�
<br /> ageinslloss by Hre,hazerds fncluded within the term"extended coverepa",end auch other hazarda as Lender may require �(��:� .� _ __
<br /> '� a�d i�such amounts and tor such periods as Lender m�y requfre;provided,thet Lender ahatl�ot requira that the amount o1 {
<br /> , the sums secu�ed by thia Deed o1 Trust. �.��' <�
<br /> such covdrage exceed thel emount ot coverege requiretl to pay ��+�
<br /> � This fnsurance cercier providing the ins�xance shall be chosen by Borrower subject to a�proval by le�der:provided,that , �
<br /> such approvel shall not be unreaaonably withheld.All premiums on insurance pol�cies ahe I bQ pald in�he manne►provided �Y.--
<br /> �: under parayraph 2 hareof or,it not peid in auch manner,by Borrower makinp payment,whon due.df�ec�ly to the inaurance i - -
<br /> �. c+�rtier. po � •��-
<br /> y All insurence policies and renewala thereol shall be in form acceptable to Lender and shall fnclude a standerd mortgege ` t� ---
<br /> . clause��shell�r��dUyfumishl Lenderallrenewan oU esandalleecefpfsholpaidpremfums��ntt►Eieventoi oas.aBonower , .
<br /> Borrower mpP�
<br /> �;�,
<br /> a�Unlesa Lender and Bor ower ot enrwla�e eg�ee in wetfngriniuran e pixaeds shaf I/be appl�ed ta r�ine ora bn�obrepafr o th � .. 4.,
<br /> Property dame�ed.Provided such reatorahon or rep�ir is economically feaslble and the securiri ot Mls Oeed ot Trust ia not
<br /> ',�"''r'�' mepaibredmtheii as►an e P��t�s�hell be api plied to the sums s�ecured by thisiDeed of Trust w{�t��n t eexcess.ril e y.Paid to �
<br /> Borrower.lf the PropeAy is ebandoned by 8orrower,or It Borrower fails to respond to Lender within 30 daYs Irom the dete
<br /> notice Is mailed by Le�der to Borrower thet the inaurance cerrier oflers to eettle a clalm for inauranCe benetlta,Lender is
<br /> � '!� :' authorized to collect and a�pply�the Insurence proceads et Lender's option eilher to►estoratior.,or rapn►ot lhe Properry or to ��•., • •
<br /> the suma secured by thls Deed of Truat �����on ot proceeda to prinGpal aha11 not extend or �• .
<br /> , Unless Lender and Borrower otherwiseagree in writing,any such app
<br /> postpone�e due�dete oemeph 18 herieot tl►e Prop errty I8 eCQuired by Le^det.alerid��t end in e e i o1 BOrar wer In end to
<br /> instellmenta Pe � rlortotheealeoracyufsirion
<br /> anyinsurancepollclesan fnandtotheprxeedsthereofresultingt�omdamagetot ePrape�lyD
<br /> stwll pass to Lender to fhe extent of the P,mB�L��t�C�do{nlums;Plan'e�d UnRD� guch sele��fq�ui��'f
<br /> g, pns�nratlonandM�Int�nane�ol opKty
<br /> keep the property in good repafr a�d ahell not commit was te or p e r m i t i m p a i r m e n t o t d e t e r i o r a t i o n t h e P r o p e rt y and s�all
<br /> o�a pl l snn e d�hu n f t d e v e l o p m e n t�B or o w ehl s h a�I�p e�turm a�o t e°e°we f g obh 9�D°"s�nder the dec�a�ation orncovenanlms
<br /> � cplanned unit development,and o sitituent documents tlf a ondom�niumeoryplanned u�i t 9develo np ment ndar�s excuted by
<br /> Borrower 8nd recorded together with this Deed o1 Truat,the covenants and agreements of su�►►rider shall be incorporated
<br /> into and shall amend and supplement the covenants and ag►eements of this Deed of Trus�as�t the rlder were a pert hereot
<br /> 7. Prot�eUOn ol L�nd�r's S�cu�lf�l.lf Bo�rower tads to perlorm the Cove�anls and agreem�entg contai�edclud�n be t not
<br /> Trust,or if any ection or proceeding�s commenced w�th matenai�y aNects Lender's�nterest in the Property. 9
<br /> � Ilmited to,eminentdoma�n,insolvency,code enforcement,or arrangements or pioceed�ngs involvinga bankrupt or tlecedent,
<br /> then Lender at Lender's optfon,upon notice to Borrower,may make auch appearances.dl�burse auch sums and Iake auch
<br /> action as�n the Proery�ty tormake repafera If Lender requU�� mon�ape^s�u�ra^��g�n dltion of mak g Ihe�oanyaecu�ed bY
<br /> entrY upo P8
<br /> reeq�ement orr such�nsuwance te1rmanetes in ec iordance with Bor owerasand lende►s wr etten ayTM�ee�ment o ap pIfcelbe�awe
<br /> Borcower shallpa y the amount of all mortgege insurance permiums in the manner provided unde�pa�agraph 2 hereof.
<br /> s�� amounts d�sbursed by Lender pursuant to lh�s Pareg^ap�o�����andersaoreetoothe termsolpayment�such
<br /> indebtedness of Bor�ower aecurea oy mis veeni�i���a;.��.•���--•�-•-- - -
<br /> dateofd sbursemenletthe atepayabler�ornt metotme onoutst ndeng pnncYpal�undereth�eNo e�un�esspa�mentof m Arest
<br /> 81rmissfbleunde appeablelaw Not h fnqcOntBned�nth s�parag eph7shallrequ reLender omturany�expenseo takeany
<br /> actfon hereunder.
<br /> e, �nsp�cttan.Lender may make or Cause to be made reasonable entnes upon ond mspect��:ns ol the ProperlY•Prov�ded
<br /> that Lender shell give Borrower noUCepnor to any such�nspect���n spec�N'^9'ef��on�b�e c:�u3e Ine�efore related to Lender s
<br /> mterest in the Property.
<br /> ,
<br /> i
<br /> ;
<br /> --�_ ' � - ___
<br />
|