Laserfiche WebLink
<br />%~IniertroArte'sf,kanNtu+ave~nrau. ~arnoswner, ata3 [.air covenanit ars~l egrets ,ax follows: <br />~, ~'of ~i"Mtht~arr taxi' ~el~aariss. Bairpawer shalt promptly pay when,drag the principal qf, and interest nn true <br />iade6seAaess evidertctd by !fie Note, prepayment and'latt charge as provided in the Note, and the principal of and interest <br />on ury Future Advances secures by this Deed of Trust. <br />Z IRS afar gas ltd firraarnea Subject to applicable taw or to a written waiver by Lerrder, Borroaer shall pay <br />!o Lender on the day trtofl[hly itWaflments of pnncapal and interest are payable tinder Iha Note, until the Note is paid in full, <br />a wen (herein "Funds°) equal to one-twelfth of the yearly taxes and assessments which may attain priority over this <br />Dead of Trust, atr3 gtourd rents on the Property, if any, plus one-twelfth of yearly premium installments far hazard insurance, <br />plea ate-twelfth of yeah, , mium installments for mortgage insurance, if any, all as reasonably estimated initially and from <br />time to tins by i.endcr on the baste of assessments and bills and reasonable estimates thereof. <br />The Funds shall be held in an institution the deposits or accoants of which arc insured or guaranteed by a Federal or <br />state agency (including Lender if Lender is such an institution). Lender shalt apply the Funds to pay said taxes, assessments. <br />irtwrottce premiums and ground rents. Lender may not charge for so holding and applying the Funds, anatyring card account <br />or verifying and compiling said aswssments and bills, unless Lender pays Borrower mtcrest on the Funds and apphcablc law <br />penttits Lender to make such a charge. Borrower and Lender may agree in writing at the time of executmn of this <br />Decd of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law <br />requires such interest to be paid, Lender shall not be required to pay Borrower any mtcrest ar carnin~s on the Funds. !.ender <br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits m the Funds and the <br />purpose for which each debit to the Funds was made. The Funds arc pledged as additional security for the sums secured <br />by this Deed of Trttat. <br />if the amount of the Funds held by Lender, together with the Suture monthly installments of Funds payaMc poor to <br />the due dates of taxes, assessments, insurance premi :ms and ground rents, shall exceed the amount requucd to pay said tares. <br />assessments, insurance premiums and ground rents as they fall due, such excess she+Il be, at Barmwer a ran, either <br />promppSly repaid to Borrower or credited to Borrower on monthly installments of Funds. It the amrnmt ai the Funds <br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ^mund rents as they fall due. <br />Borrower shall pay to Lender any amount ttectxsary to make up the deRetancy wuhin 30 days from the date italics is moiled <br />by Lender to Borrower requesting paytnant thertxf. <br />Upon payment in full of all write secured by this Deed of Trust, !.ender shall promptly refund to Borrower any Funds <br />held by Lender. If under puagraFh 18 hereof the Property rs snht ar the Property rs otherwise acyuired 6y (.ender, tender <br />shall apply, no later than Immedu[ely prior to the sale of the Pm rty or its acquieiuon by Lender, any F+rnds heal by <br />Lender at the tune of aappppl1ication ax a coedit against the wins secured by this Decd of Trust. <br />3. Applkatlort ot-Payatmtr. Unleu applicable law pruvitles otherwise, all paytrtents receives! by txt#r unster ihr <br />Nate and paragrapPhs 1 and 2 hereof shall ba applied by I.endcr first m payment of amounts payable to k enskr by Bsxnawer <br />under paragraph 2 hereof, then to interest payable on the Notc, then w the principal of the Note, and then ua inrsrest sad <br />prince on any Future Advantxa. <br />~Cttatgea; Lima. Borrower shall pay all taus, assessments and other chargss. Hncs amt mtrxasuiuns auritasfaQk t+* <br />the Property which may atgin a priority over this Deed of Trtat, and leasehold payments su ground e+ntn, d ae>f, ua tbs <br />manner provided under paragraph Z hereof or, if trot pail in such manner, by Borrt3asxr maktn8 payrflatsi. atehrrr dot, dsr+rctiy <br />to the ppaayee thereof. Borrower shall promptly furnish to Lender aIk ewuces al arnosints deer rider Stirs paragraph, aril is the <br />eveflt Barrrnver shall make payment directly, Borrower shah promptly furnish to !.ender rearapu araakmrng suvh payaarlsMw <br />Borcower shall promptly diachar~e any lien which has priority over this Recd at 1'n+sl; provnlad. shat Ha,rra+rer ,hall ++rtw <br />required to discharge any such Iran so tang as Borrower shalt agree in writing is the payment of rite arhiayarn.r+ srcarrrat lay <br />such lien,in a manner acaxptabk to Lentkr, ttr shalt in goal tauh contest s+ia h ban by, ar akYsrtd tntaracn+rrat atf sae,h Lira m <br />legal pro_~^e~ed~n which operate to prevent the enforcement of the 'Iren or farfciture ut ine Pray+erty a:r nos tart rtyrrevt <br />S. )Mari Lswra~ee. Borrower shaft keep the impravrmatNS tat+r asrstrrtg ax Rarastta€ t€exicsf a~ atw t"tar~sty <br />against Igaa by fire, ha>'ards inclurMad witfiin the term "extertdcd cove ,and saw-h oit+er tiararis s, 1 raaivt may srsa~rv <br />and is such amounts and for stieh period as Lenakr may reyuur; pres. that k.amkr ,hall scat reyar~*=: stoat sir rasa• s~ <br />attch coverage exceed that atrawrnt of aoveragc rrqusrrd to pas the sums seau€sd hY ttus Girard a+t i r:ar <br />The insuranac carrier providing the insurance shall he ahawetr by ftorrawae sutrycat to apptcaasr by t ~w,Fsa jMaaamltkA <br />that wtdt approve! abaft not bo unreasonably wit~ieid. Ali praatawna ate stvaiean±a par+.~at sAafl ~ _~ troy <br />Provided paragraph 2 ttermf or, ,t rant paid m such matutrr, by Barrt*wer rraakrsaY ~ytauiret. r4 t+atra .ktr_ ~`•_ti so itl3 <br />tmrraoce tarsier. <br />All irtattrarrce policies rfld reoeavats etverawf strati Ac en tsHm ,z<:arptat~ iaa t ea+atrr .ssvd ..~akad~ a >ta=:i r <br />claws in favor of sad in form acceptable ro i.arwter I rmkr shalt hays nc~ r+gM ru bytes ttta plate sties .want as.•rs at+ rtwruer <br />ate Borrower ahaB promptly fwuuh ice Last at! rer~al nsmarz ant! all essr€spa of t~sJ pecarxuon. !a a,e_ z„_eeu :r <br />Botsmver tsieall give prompt ti@fia'o to the iflauranca auraer sled I entice Leu+lsr +ttrg a trta6rt ar Rw r= ~:a arttiia ~arf <br />Sty Borrower. <br />Unkeas t,srtder and Bmrowcr aNherwua agree tea aaarua~ +rrzsaaasa ir+raasr aaatt to raid .;i, :<, ~#¢.~ >at . a <br />the Property ttamaged,pravitled stN:h reuuratwei w repro rv rsunumiarlfy era+d+ia :+r•ii i+rtr w+,+,eriy .a +w,.. rthnr4r .~ 7aw~ ., <br />t~ tberoby rrnpatrs~. it fi teatttrilaarit tae repi~sr is na_u ra.w. - _ fraaan~ ~ tr else ~~,si ~ ~. rsea _ ~}~.a~ <br />ba ttupaait'e:1, nc~ inwratt~ pracaeda than ~ appliird ra tlta sni€s~ ~ €x .~ .~ ~~ ; ~ <br />to rasyaer, tt tilt: arty is ~ iorttr, a._r sr f~tt.wt<r r~a+ra i:a i_ = CaaatEr ,~is~ >t: s r~ a=- <br />~e ns±taee is saai4tRi e} L{`Slda: m >~ft~a:€€ Hutt i!~ •isl€ "reline .rttcr: spa „riit~~ i.se:c rot srsues~~ rates ! ~:~e~ <br />is alAihoriaad to coileai and apply the idwranaa prciaeed. ail t.trnt$~t s optrott r:rrbtr ter sat.~ratK: _ tw rtrrY•- -. ~,r,. <br />m to the siirti racc-u~ tFV the Iii ~ `i'rtcst. <br />Unless Lender and t~orrvwer atthmwrse agree sit rritiak, ady vtwh appitt; at+sr+t set fgaM xtlwi+ sea err a~a +ii~+a; :r.;prF ~~ ao:t~t <br />w tpono the afar data oI tkea mcmthly imtallrttateta r~f~rraJ ra re+ parsgra s ;trill ;` issrstrl ._• . ~...°aas tea <br />such ittstttllmasitx. If udder paragndt td hafa+•t iha Prupnrty rz acyuued M 4 rnatst. ttk r.~ht iNk€ a~,t ~fx.a .M ttk.te,~,r.a <br />in and to say irutrrattce pohcws a sit amt to nc~ pras:ttesh slterraat rzwttrrng uaar+ aiauwrpr ro else iharya,t+tf ,tom.-r .,= err ,,ear <br />or acquiiuitien shall pt+u to l.ertder to ehe a-rient ul tlta sane sea;uteal by ibis il+savt ~•t 1€atas ,nrtrss~aat+ety im.~., a.= ,.a.av *iar .~ <br />at~uisiliai. <br />i. lhaasrvatMa asi Mssiahairate at Pserierryt f stretrolit„ t`uaiiaa~ritai+-aa-t M'bauarttl l=raiA tlsvvtap+rarrass 1wz++.m.sa <br />shall keep the Pnapsrty in gaaad tcpau slid ,hallf rxu aa+a!!trur >aavta .rr {aa fss a t.nt,r e.tr,„t ,.t ~r : - tat t>rt ,sa.ta <br />and shat! comply with the previsions of any lease rE tMs Clzaai s.l is+tat iw ,.sr a rsrsrhsad fi Ski, lti~Yat ,.tpt •w+ ~. ,r s tease ~e4 , <br />coadoittinium ur a plannal anti dsvatoprnant, Bw€anvrr shall pasr~or+n alt a+t Ha€€aausr, ~~~st~r:as ,s-seer. arse a ,t~~ <br />or covenants croaung or gurarning the :oc+dttnu+uwu err planr+ed un,r drsrlupiaxns, she lay ta,aa ash! vira~at,,.aa .e ,~. <br />condominium ar ptanttrd unit devslupratcnr, at+d aatuuuusnr deresunrm+ ft a unaWmsns+aria a+r tsiaa.saar :ra,s .~ r y~aeaR as <br />rider is exxuted by Borrower amt rocatled together wath tMs Deed of 1 ruse. she wurruani. seed tyrerrtiw;assa ••e ,:a;+tn ~yka <br />shall bo inrnrporatrd lino and shall amorid and suptalsn+otu the euvrraann anJ akrrrsaaran at stirs Ikrsi ,.i t sari .aa .t stet awry. <br />ware a part hereof. <br />7. lllotaelislr of iwaier`a 9aeiarity. If Borrower tarts to prrtcaem the a:evcaiaarts sleet aar~iaenra .«vai;i=?cat ~« rts~= <br />Dead of Trw6 or ii any actiat or prm;eeding is aaniiitaiketl wh+a:h n+atairsatly atfecty k.aii:lsr `s intvtaat su shE t•tcyxttit <br />including, but iWt limited to, emittont dttrnain, inaalvanay, ka>,le rnh+raemani. ur aeran*auiattt. ar prcwang.:nrda•..g .. <br />bankrupt or decodeflt, than l.citder at Lender's option, upon tuyttca tee Barruwer, may make sash apprarrrs}cs .raahaas+~ aas.ti <br />wins and oleo such action as is rwaessary to prute.t [,etiakt"+ rtuetrtat, ntaluduag, but roll Esrrutrl to=, d.sMas~vsrxa,i -:< <br />reasonable attorney's tees and entry upon the Ft-uperty w make repairs tf l atialar reyutted naarrt{ta~ •rn..ea:~,; s, :_ <br />conditlen of making the Iaan secured by ttus Deed at Trust. Bcrrowsr she!! peg the pienarutrtz tar;u=si~i ~ , si~:rsta,.s~t= <br />inwratirx in ttlfect until ouch onto as the royuirormnt far such rnauraucr teriuraares rn nc~aaardancr as.rh Hear€vtirr , a.ai <br />Lender's written agreement or applicable taw. Borrower shat! pats the attutunt ail dl nsuctgatle in€a!r3naa f?aau::usia •: test <br />tnaetttet provided Bader pare;rapt 2 hereof. <br />Any uteunts disbursed by Lender ptuawnt to this paragraph 7, wuh uurrer,t thrrcan. shah tae+,ansc aatdsuc+:aar <br />iirdebtodrmaa of Borrower secreted by this Dyed at Trust. Unlaa Borrower and !,coder agrso to sober 4rrn+s s+t payo•rrai, ,r+ar+ <br />ainotinu shall 6e payable upon rwtitt from [.ender to fbrrawar reytiasting paynarm thereof, and shall hear interest fr+.o+ rhr <br />due o[ dhbriraement at rho rata payable from tune to time on outstanding principal under the Nota unless paytnrnt s+t inietexa <br />at such rate would tie ctutlrary to applicable law, in which event such amounts shall hear anterest :at ihr htghr*i rate <br />parmiaai6le urtder applicable law. Nothing contained in this paragraph 7 shall rryuire (.ender to incur any expense or take <br />any action hereunder. <br />fL ItayaKNeo. Lender may make or cause to hr made reaxmablc entries upon and inspeauunv cat the Prolxr ty, pr++~ ~alrat <br />that lartder shag give Borrower notice prior to any such inspuaion specifying roasanahle cause d+rrctur ~rlaird nr t ender = <br />it%ErMi in the Ptonmty. <br />