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<br /> ��`� i,���v�i 200261 02/06/1996 �a"
<br /> I C�RBGORY OLSOId LAURA OLSON �.
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<br /> .� � ' �NtFORt►9 COVEN�NTS. Bnrn�w�er osed Lcndcr covet�t�x1 xyra zs foll�ws: _ -
<br />- j 1. Paf�t o�P k'rtacipsY �d Qr�tere�2, Elurrou;.r sh�!1 nn►nnx1Y pzY w�hru due c!u prircipal �nd interest �z-
<br /> i iuc�htal�►:s�cvideacrd t+y che Notc aud tate c:har�es�s p�uvided io che Noce. ;��.
<br /> � 2. Ftiado fur Taxes aad Iasw'puce. Subject co�rplicxbk law or a wrieten wtiver by Lxuder. Aorrower shall{�sy cu �''
<br /> ' �.�.:.3�:�y;,,.�.�o��.�uniq�,avn�nw of priaciQa! aa�l ioterest are paYable uader the Nate. uatil the Ncxe is{wid ia full, a �;
<br /> _ } cuw(herein'Fwyis")cqual to onr-�u+a1Rh af ehe yeuly�es and assessmeas(i�x:tualn�cnndc�ms�o�tOepPtopertY�F '6'=
<br /> development assess��eaw,iiauyl which way uniu priodty over this Dcal af T'tu.u. ar�d�d ��-
<br /> , ,.� any.Ptus aue-twelfth af yearly premium iustalln�euts for dazud insur�uce.pius one-twelRh uf yearly p�emiva�tastallmeau
<br />' for mcxt�s�e iaauance. if wy, ai1 as re��a�tsly :stimated iaitially s�nd froni dme to aaie by l.ender wents of�unws
<br /> �����•,,Pnts and bills and reasor3able estimues chereof. Borrower s6A11 pot be obli�atal to o�L:�of tcust if such holder
<br /> to Leader to�he extent tl�t Barrawer niaices such paYweats to the tu�laYr of a pri�u awrtra8
<br /> is w instiwtioaal lender. ts or accouius of which are
<br /> If Borrower pays Funds to Lender. the Funcls sh9t11 be held in au institution the deposi
<br /> iasured or guuanteed by a Federa!or state aSencY(including Leuder if Leuder is sucd an ia�titutioa). Leader sl�ll�p1y `
<br /> • tLe Fuads to psy said tues,ss�_�nts.insurance Prcuilwns aod gmund rents.Leuder m�y not charQe far so hoWinr aad =
<br /> ,i �ly� � F�nds. an�lYsln� said ac.�ount or verifying suxl w�iling said asse�tuents and bills.unless L.eader PaYs =
<br /> ' Borcower interest an t�e Fuads and aPPlicabk law pemuc�Lender to malce sucb a ci�r�e.Borrower�L,wder�Y� _
<br /> • ia wciting�t the time of txecuiion of tbis Deed of Trust ttu�t intemt on tLe Fuuds shall i+e paid =
<br /> ' such agc�a�nt is nude or applicable 1aw req�sucb interest to be paid.j.ender s�U aot be tequired to of Borra�r =
<br /> wy intenst or euniu8s on ttie Fuads. Leuder shall give tofBorro�•� debit to the Funds tiwis m��e. � Funds att -
<br />_ �� s2�owing cre�:��v1 debiu to the Funcis arxi the purpose _
<br />_ pled�al as ad?�i��z3 securicF for�e sums�aued bY t�is Deed of Tn�st. _
<br />- if tbe�►x�nc of t�e F��:s held by Lender. toget�with the future monthly iiutallments of Fw�ds PsY�ile prior to =_
<br />-,.� tlse due date��afi tues.assess�nts,ia�uuace pre�•:�d grouad rents. sha11 eu.,^ed the au�ouat reQuittd to PaY s�1d
<br /> � �a� s��!�, ins�uance premiums wd Bround rea�s ac cr.ey fi�U due. svc�ezcess s�ll be. at Borrovvcr's option.
<br /> - eitl�r��"+Y�d�$O�'0�r or crediced to BQ�c�o'xa oa moa'.IaIY installme°�s of Funds. If cbe ta�ouat of the Funds
<br /> � ��.,,.-��mPn►c, iasurwCe Premiums iwd 8crn:n3 nutS as tbey fa11 du2.
<br /> � 1�rld by I�ender shaU not be suffcuat to P1Y w aa�lce aP the deficiwcy in o�or mon pxYmeats�s Llndrr miY =:
<br /> 6�nrow�er shall PaY to lxader u�y amoant n�essuY �
<br /> _ �«i.:. nfw�d w Borrower aay F�nds =
<br /> 1JFa¢�aYment in full of�ll su�s sec�red by this Dood of Tnist.Lead�r shail pmm�tiY
<br />_� Lheld by i,eader.If under Nr�8r+Pb 17 hec+eof the Pcopaty u sald or the Pm�ertY is othenvise acquircd by Lenda.Lendes
<br /> rs�ll apply. no luer than imtuediatelY Prior w t1�e s�L:of the PmpertY or its acquisitioa by Lenda, any Fu�nds Ixld by
<br /> � �.eader at the tiume of applicatioa as a cndit�aiast tltie sums sec�red by tt�s De�af Tiust. �
<br />=� 3. ut PaymwRs. Udess applicable l�w pmvides othetwise.all psYmeats received by I.eadier uader tLe _
<br /> -� Note awd p�a�p�s 1 ind 2lureaf siu�ll be�pplied by Lender first in paymeat of amounts PaYsbk w I,ender by Bo�wrr
<br /> � �r p����eof,tben w imerat paYable on tbe Note.wd t�to the ptinciP�l of tLe hcace.
<br /> ��- �. A�►llf�tfra�as�uu1 Dec3a of'iln�st: C6�*�es+iJens•Bonnwer s�ll perform all a�8onowa's obli�atsoas
<br /> � �t �tyy ma�tgage• �d of uvst oe ot}�a sec�ric� � aim a iiw vru;w�::�::zi� �:es a.;�ne,rd of Tcust_ _
<br /> r A.�raower's coveaaats to make papments�a due.Botrowa shaU PaY or cause to be paid ail taxa,.�
<br />_� ��� au�s 3tuibutabL W ttx PropertY which may attain a priority over thi�Deed of Trust.
<br /> � ani ot8�et cS�r�es. 5�s wd iwpa�' tu
<br />—� aad k�P�Y��ot gr°u°'d rr',..s,if any.
<br /> = S. Has�rd Iasuaace. Borcm��er sludl Icap�lse impmvements now�xisting or�er encted on tLe Pro�enY
<br />—� � ia�red�inu lass by Etr.barsrds i�luded witi�ia tbe ttrm'a�teoded coveri�e'.aad sucb ott�er hauidc s�Itadesr may
<br /> require�ad ia svch amoaats and foc such paiads aS I.eatkr msy m�uire•
<br /> 'ILe insar�nce curia pmvi�lin�the;,�,*�==sh�ll be chosea by Botrow�er stbjoct to apQrov�1 by iender;Pmvided-
<br /> —_� er
<br /> � tL�t such ap�uoval sWll not be unressomblY withheld. All ins�uaa+x policies aad nnew�ls tt�a�oof s�q be ia a faua
<br /> — aaxpiabk w I.eader aod sball includ�a sandard mort�a�o clause in favor of�fi ia a form aaept�e t�Leader. Ixadea
<br /> st�ll have tbc rl�ht w hold tLe pdicies snd re�vsls thereof.subjoct to the cemss of wy moct�a�a dood of ttuu or other
<br /> — saauity a�e�with a lien which Las prloaty ocer tbis Dad of Tn�st.
<br /> saau'
<br /> In tbe�veat of loss.Bomower si�il give pmmpt notice to the insuraace carrier and I.ender. Lender may mttie pmof
<br />= of Wss if�t m�de pma�ptlY bY Bacro��ea• w Leader vcic�ia 30 ds}a fmm the dsne
<br /> �' If t�e ProQertY is abw�baed @y Sorrower.or if Botmwrr fails w respood
<br />—` notice is mailod by Le�er to Botmwer thit the iasuru�ce ca:rier offas to seWe a claim for iaivrance o�o
<br /> — wdwrixed eo collxt 9nd apply the iawrsiace Procads at L�ader s option eitber to resto�ation or r�ai�
<br />:_= w d►e�mss mured by tLis Doed of Tnut.� �� C�� �Udt De�dcpme+�t+-
<br />_:g . 6. �4+esa�atbn aod Maiotm�noe �Y: �• or deterioru+on of dar
<br /> — 8orrower sha111ceeP t�e Pz+o4�Y�8��r�ad st�all not commit v�r�ste or pami �
<br />,_�' PmQaty�ad s�al]com�Iy with the provisions of�ay lnse if tbis Dad of Tnut is on a leaseboW.If tbis Doed of Tcust is
<br /> on a uait in a cond�minium or a plaaned uait developmcnt,Bo�rower shall pe�+�►a�ll of Borrowa's ob�w�der t�e
<br /> '� decluatiaa o�coveaints crestia8 or 8overdng the coadominium ar pl�naed a�is dcveto4men�.the by-is�+s and re�uiatioas
<br />_=�- of t}+e cooc;oaoiaium or pvaacd uuit developmz�.and coas�ia�nt dncumeats• � ai�d in ti�is
<br />;_•:�
<br /> 7.Pnotedion at Leade�'s Sae�aity.If Borrower fzils ca perform tae covess�;,w rr.�:�� °•
<br /> � �.^ Dad of T'iust,or if�uy action or proceedi�8 is coma�eac�w'1���y'�u��s in�in c�e Property,then
<br />��'�f � Lender. u I.enda�s oQdon. u� noaa co Eorrowa. �Y � such .�• aisb�use :auk sums, includin�
<br />=°` reasombie aqoroeys'fees. �ad take sucb�ctioa as is nocessuY to proce�E+�e��s interest.If l.eader rer�erired�a,��
<br />-.'� :
<br /> , ias�uaace as a condition of malting the Wan socured by tbis Deed of Trust,Borrower sh111 PaY t1�p�accotdance witb
<br />.:� � •,tl�„*�;�s�ch insuraace in effect until suck timo as ttse tequirement for such iasuraoce tern�in�cts
<br />,.� � Bomowrr's and I,eades's written�grameat or applirable law. ��wish idx.�rest thereon.u the Note rste.shaU bocome
<br /> - Any amouats disbursal by Leader pursuaat to this pu�graph tn dher tem�s of
<br /> �ddition�l indebtalaess of Bocmwer secured by tlus Deed of ,Ttust. Unkss Borrower aad Lenda aSm�reaf. Nothin�
<br /> PaY�� such aa�ounts shall be payabk upon aotice from I,�nder eo Batrower re9uadn8 p�Y�
<br />= � conqined in this Pai�+Ph 7 st�ll require Lca�er to iacur wy expease or talce any actioa lsemmder-
<br /> 8. Ia�pectioo. Leader may m�ke or es�use to tse mu3e nasoaabk entrics upon aad incpcctions of tLe PropertY.
<br /> � pmvided tLat L.eader sball Qive Borrower aotice prior w�y such incpoetion speeifyin�reasonable causo thenfor celatod to
<br /> ; . ltndcr's interest in the ProQercy.
<br /> rtenrarau 2b876-2 5195 OriQinal(Racord�d) Copy(ar�nch) Copy(Cua�ome=)
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