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<br /> •�• "' •�-�• UNIFONM CqVENANTS. Dorrowor and Landor covonnnt nnd nprcu as follow:�:
<br /> ! i" 1. P�ym�nt of PYtncipsl end OntKe�t. 8�rro�vor shall p�omptly peY Wulion duo tho principnl ol ond IntorosQ on tho
<br /> ' � < < , inclohtadncas avldo�tir;ad by tho Noto,propovment and loto chor�es ee providad In tho fVota,and tho prinalpnl of end Intnrost
<br /> • on sn y Futuro Advaruer+Qecurod by tho Dand of Truet. �
<br /> ' Z, pundo fur 1'�ucei e n d M�ur�ncs. Su b eo t t o o pp I l c e b l o l e�v o�t o e w r i t t o n w o i v o r b y L un�er,Borrowor shnll�ay to
<br />"` ' � � le�xler on the dey n'tontldY instellmentA of pr�nclpnl en d Internat era poyeble undur the Note, untU tho Nota fa petd in fu ll,a
<br /> '' ''s sum Iharain"Funds"1 aqual to ono-twslfth of tho yea�iy taxe�end esse�&monte wnlch meY ettnln prlorfty aver thia�eed of
<br /> �� TNSt,and ground ronts.on the Propdrty,f�eny,plua one-twolf2fl ot yoarty pr�mlum Instellments for hezord fnsumnco,ptus
<br />`�.I:��t.;�:.., , ono•twEllth o4 yearly prCmlum InstpllmenYs br martgege InsuranCe,it eny,all as reasonabty estimated INtially ond Pram timo __
<br />- r„. ,_ „ tu tfma by Lender on the basis of essessmanYe and btils end raasonabto osUmotas thereof.
<br /> Tho Funds sFuitl bo held In an instftution tt�de�osita ar account�of which ero Insurod or guarentocd, by Federel or s2eto
<br /> �� egency (incluUinp I.ender it Lender I�such an fnstitutionl. Ldndor shell apply tho iunds to pay�eld taxes. assesam�nta, �`.
<br />,��.„ insurance premiurns ond pround rents. Londor mny not charpe fqr so hold{ng end epplytng the Funds,enaty=Ing 3eld eccount �_
<br /> or verilyinp and compiling said essassments and bills,unloss Lendor pays Borrowor interost on the Fi�nds and appliceblo law
<br /> •-•��+�- permits Ler►�er to meke such e charge. Bonower and Lender may egree In writing nt the time ot oxecutfon of this Deed of �":
<br /> ,.,:._;� - �rust that intarest u��fiw F�.nds st�ali ba pcid to 8orrot•�er,snd u�less R��r.h egruement Ifi mndo or eppliceblo lew requiros such �-_
<br /> �;�,�,:;��,�, Intorost to bo pald,Lander shall not he required to pa5r Borrawer any Intarest or oarningQ on the Funds. Lender shaii givo to _
<br /> ^;.;_.�•.,y: Borrowet,without ch3r e,E�n ennuni eccounting�of tho Fu�ds showing credics and debits ta tha Funds encl the purpose for _
<br />;n_z_,.,,>, �,�`; ' which nach debft ta thn�unds was made. The Funds ere pled{�ed es e►dditionel security for the sums securfl�J 6y thls Desd =--
<br /> ° ��� ` of TruSt. °_•'
<br />��.:r-• ' I}the nmount ot the furvJs hsid by Lvnder,togethar with ths tuture mcnthly Instalirtnents oi Funtls payable prior to the _.
<br /> =1�.- '`` ` ' duo dat�s of taxes,ossessments,insuranco premK�ms arxJ ground rt�nts,shall exceed thp omount required to pey said texes, .,�__
<br /> - .':�t°• �.: �:; —
<br /> _.�:_,:��r�,;.,:r,, nssessments, insuranco p�omlums and ground ronts as they fpll due,such excess shall b�a,at Sorrawer's option either
<br /> :;,:�•;,.V��`_' promptly repaid to Borrower or croditod to 6orrower on monthly instellments of Funds. It tho omaunt of the Funds�etd by
<br /> - -�--'''•= I.ender shall not be sufticfent to pAy taxes,assossments insurance premtums end ground rents as they fall due,Bortawer
<br />�--�-""-`=="''"F -- �hali a to Lender an amount necessary to moko up tho deficiency within 30 days from tha dato noticc!�rndlled by l.ender �_
<br /> ;�;;,����'rxxr T4�a� P Y Y
<br /> -.�„�,,�,,p;; to Borrowe►re uostln paymant thareof.
<br /> " ',t�+ ,,:�s:��;� Upon pay ment In 1u11 of all sums securod by this Daed of Tn�st,Lond2r shall promptiy rotu�d to Borrawar any Funda held
<br />�.=��`t',�„'►Tr,�'�'`•.;`�y� by Londor. 1T under paraprAph 1 E{hereof the PropUfty Is sold or thv PrapcsRY is otherwiso acquired by 4ender,LenQoe sheil
<br />"'°''�:"'.1?;t��''':`%•'`""� Opply, rio latar than fmmtsdiutaly priar to tho sole of tho Prope�rty or its acquisition by 4ender,and Funds hetd by londer at
<br /> ��;�t.t1•.,;,:3�i•'�����';� ;. rh�tirnn of enplicaUon as o c�edit Against the sums secured by this Deed of Trust.
<br />�'`����:•� `:���.� � 3. Ap�ppcation of�PeymenM. Unless AppiiCable lew pruviJn�vlhni wi5c,ati paymonts roccivcd by Lert�+er unde►thn Nnte
<br />�=�:�!��?..�°�}�'�"v�� 'J ond paragraphs 1 and 2 hereof shall bo appliod by LEndor Nrst in paymont o9 amounts peyable to L�nder by Borrower under
<br /> '�_'�'^.��;w'rs•'� �� parngroph 2 h�treof,theniu interest payahle on the Note,then to the pnncipal 01 tha Noto,end then to interost and principal
<br /> ==L�� ,r;��; �; on ony Future Advances.
<br /> _,;,,,i�-a,�,>,;;,� '; n. Chage�•Llms. Bonowers shall peY nll texes,ass@ssments end other charges,fines end impositlons ettribute4te to
<br /> ���°�-� � the Pruperty w�ich may ettairo a prio�ity over thls peed af'1'rust,end laesehold peyments or ground rents,if eny, In tha
<br /> -"�'� manrx;r provided urnler paragroph 2 hereof or,if not pald fn auah manner,by Borrower meking peyment,when due,dire�tly
<br /> ��� to tFw payee thereot. 8orrower shell�ramptlV(urnish to Lender ell notices of amounta due under thle perap�eph,end in the
<br /> - � event Barower shell mske payment directty,Borrownr shall promptly turnlsh to Lender receipte avidencing a�ch peyments.
<br /> ---� �---...--- p s � w , lkll not be
<br /> — wurruwm a�"�4t��a�ptly dl�ch;sg....n,!lsrs.-hlch twp�rl�riry nver thls deed af Trust;provided ti�at Borrower e
<br /> -- required to dlscheree any such lien so lonp es Borrower shell egree In wrltfng tn the payment of tne abiipstion�.eaured'oy
<br /> =_= such Uen in e manner accepteble to LenAer,or shatl in goad felth contest such Ilen by,or de+fend enforcement of euch Uen
<br /> In,Iepal ptoceedingm whlcl�operate to provont the enforcement o9 the Ifen or furfelture of the Praperty ar�ny p�rt thereof.
<br /> 6� tip:�rd fnsunnq. Borrower shall keep the Improvemonte now exlatlnp or hereatter erectad on the Property Intured
<br /> epalnst loae by fire,ha:erds Included withln the term'extended�coverepe',end such other he:erde ea Lender msy require
<br /> end In such emounta end fa such periods es Lender may�oquire;provlded,thet Lender shell nat requlro thet the�mount of
<br /> auch aoverege axceed that emount ot coverege requlred to pay tho Fums secured by thla Deed af Truat.
<br /> TNa insurence cerder pravldli�g the Insurence ehall de chosen by Borrowei sub�act to appravel by Lender;providsd,tha�t
<br /> such approval shell not be un�oasoneb(y withhetd. Atl premlums on insurance po clea shali be paid In the manner provld4d
<br /> under peragr�ph 2 hereol o►,fl not paid in such mannor,by Barrawe,r making payment, when due,dlroctly to the Inaurt�nce
<br /> - carrler.
<br /> All Insurencepoticlos and renewAls theroot shall bo fn lorm ecceptobte to Lender end shall include a stundard mortqage
<br /> cinuse In fevor oi ond tn form acceptablo to Londer. lender shall have the right to hofd the poliCies and ronewpls thernot,
<br /> end Borrower shall promptiy furnish to Lender ell�enewa►notices and ell raceipta of pald premiums. In the event o1 toss,
<br /> Borrower shall givo prompt notice to the fnsurence cerrier end Lender. Lender mey msko proof of loss If not mcde p�amptly
<br /> by Borrower.
<br /> ;'��a Un!esa londer and Borrowor otherwise egree in writfnp, insurence proceeds shall be aS�plied to roataretlon or ropafr ot
<br /> '����!!�! the Proparty.damaqes�,provided such restoratlon or repnir Is eCOnomlcelly feasible and tho socurity of th!s Oeed�f Trua2 Is
<br /> not therel>y�mpaired. it sur,h restoretlon or repeir fs nat economiceliy teesfblo or ff the security of thla Oeed ol7rust wouid
<br /> bo Impeired,thn Inturanco procr,eds shell be e�fllled to tho sums s�tcurod by this Oeed oi Trust,with tho excess,it eny,peid
<br /> to Borrower. If tho Property Is ebandoned by Bor�ower,or if Borrower Yails to respond to Lender wlthin 30 deYa irom the
<br /> - date notice Is meiled by Lender to Borrowor that the insurance carrie�offers to settle a claim}or tnsurenco benefits,Lender
<br /> '�'��ti is a�nhoriied to callect and ep ly the Insurc+nco proceeds�t l�ender'3 optinn efthar to restora�tlon or ropalr of the Property or
<br /> ���'L..
<br /> _.�;`i��� to t�►e sums secured by this �od oi Tntst.
<br /> Ur�eas Lender enU Borrowor otherwlse agree fn vrrltfnp, eny such appllcatlon of proc9eds to principal shell npt uxtend
<br /> or pastpone the duo dete of tho monthly Instellmcnts roferred to In puragraphs 1 end 2 hereof or changa the am�wit of such
<br /> insteftments. t!urxie►poregreph 18 hereoi tho propetty is ecqulrnd by Londer,ell right,tltle end l�terest Of BorroNer In and
<br /> — to eny fnsurence pollcles and in end to tho prooeeds thareof resultlng from damnge to the Vroporty prlor ta tt�e sele or
<br /> ` � ecquisltlon shell pass to Landor to the extent of the sums socurod by this Deed o1 Trvst(mme�liately prlor 4o such aale or
<br /> — ecquiaftlon.
<br /> ' =� 8. PnsKV�n a�b Mek►tenance of Propaty;Le�seholds;Condaminlum�:Pleixud Unit D�vMopmsr►U. Borrower shetl
<br /> keep tlw Property In pood repair and ahall�ot commit wastn or permit Impalrment o}deterloretlan af tho Propecty end ahetl
<br /> ;y comply wlth the provlsfons of ony Isaso If thls Deed of Trost Is on a leasehold. Ii thls Dead at 7rust Ia an e unit In a
<br /> —_y condominfum or a planned unit development,Borrower ahell portorm ell of Borrowor's obligetlons unrJer tt�e decloreilon or
<br /> --°II;; covenant5 creating or governinD the condominium or plonned unft develapment, the bydews end regulatlons of tho
<br /> �� ca�dominlum or P�erxied unit dev�efopment,end constltuent dncume��to. If a rondominlum or plennod uNit development dder
<br /> -��—_"— is exocutod by Borrawer ond rocorded topother with thia Deed ot Trust,the covonente and epreementa of such rtdar slwll
<br /> -`__�n:�:�. ho Incorpo►t+tCd Intu end shall amend and supplomant the covenants and egreements of thle Oetad of Trust es if thu�itluc were
<br /> = e part Ix�reot,
<br /> y. Prsttallon af l�dM'l,S�cw1t�►. �f Dorrower fafts to et�OtJ11 thQ COVB�pnt9.9nd apreemt�nts contahiod In t+�.lo qeed
<br /> � �-�= of Truatr or If eny actlon or proceedf�g Is communced wNcR motorfelly aftacts Lender's Tnterost In tho Proporty,includfng
<br /> —a J but root I�mlte�to,eminent domoln,InsolvonCy,code onforcement,or errongomont�or proceodinge Involving e bankn�pt or
<br /> -�.� dscedent,than Lendor et I.ondor's optlon,upon noifce to Borrower,moy make such oppoeruncus,dlsburso such Eums and
<br /> _=q take such ection es Is necesoery to protect Lundor's inrorvst, InctudlnB, but not Ilmltod to,disbu►sement of reesonable
<br /> __�,� ettorney's fees erxl entry upon tho PropeRy to meke rupalra, If Londer requlrod mortgago Insurence es o condltlon ot maklr►p
<br /> _g•„ry tho loen secured by the Daed of Trust Borrowov shpfl pay tho premfums rcqulred to melntafn such fnsurenco In offect until _
<br /> �_+= suCh tlmo es the roqulrCmant tor such�nsuranco termin8tes in oCCOrdanca with Borrowm's and Lendctr's wrlRtOn e�rtement
<br /> `-- �L..«��..�M.�...nn�w� wnu nrl��nAAt
<br /> __ ��:�] or oppllCeUfO taw. Borrower snoii pay in9 emouni oi Oit nwi���nyo iiwiiiai�oo jrrv�.+��.••o�..•••.��^•••-•-• r•-••--- -•---'
<br /> '°'�—'�;�1 peraflroph 2 Nereof. -
<br /> ---- �,,,,.0 Any nmounts dtsbursod by Londer pursuant to thls porngroph 7, wlth Intcrost thereon, eliull bucomo additlonal
<br /> - �- °etr��„ indobte0noss of Barrower socured by thls Doed of Trust Unlass Eiarrowcr ond Lendur ogreo to other torms of pnymant,SuCh
<br /> � '=��� � amounte slu+ll bo payeblo upon notfce from Lunder to Bmrruwer raqusstfng poymont fior�of, end sholl bear intereot frpm thn
<br /> ��`�,;:;�` ;. dnto of dfsbursement at tha rete payebto from time to tlmo on outstondin{�pdnclpnl under the Noto unloss poymciit ot vnterost
<br /> � n
<br /> =: r: : ;� et such reto would bo contrary to epplicobin low,In whlah event such arr�oiints shall beor fnter��t at the hi4i�est rete
<br /> -- ';F.�4?y � ';,� parmiaslblt�under eppllceblo Iow. Nothfng contoinod In thls paraproph 7 sholl roqufte Lender to oncur any oxyenae or toke
<br /> =�i:«�!�` •:':,; ony ectlon hereunder.
<br /> .�.�.,.,;,� ,
<br /> ���r���,:y ''' 8. fnspectton� I.endcr may•make or causo to bo made rec�son�blo ontrlus upon nnd Inspoctlons ot the Propertw,,Urovldud
<br /> .��11 r �-!:
<br /> ;f�•,,�,.,;, ,;r;:� chtit Lenda�slu�ll pivu Borrowor noYlco prlor to ony auch inspactlon cpaclfyfnp roosonablo causo thvrofora roldt�t�Lo',L•er,do►'c
<br /> . ,•�.� interast fn iho Prop�rty.
<br /> 8. Condemnatton. 71ie procHeds nf pny swurd or clai�for domagos,direct or conscqunntlol,In COi1nCCQliln wiYh Arn�
<br /> :t corxlemnation or at1x�rtoklnp Of the Property,or pert fhoruof,or 1or conveyonco In Ilnu o�cundemnatlon,ore horoby nssignflr7
<br /> - -----_—_--- and&hall bv paid to Londor.
<br /> , �;;�C�.���,���'�}�'� V
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<br /> �;.�7:`;:�..�;� `a,.'; cc�or�a lelnci
<br /> "t� _�.�. �; _ _ .
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