|
...� . . . `� . � - 4�a,�t` �c-r- - - .w . � _ - . . . - - � .
<br /> ; . ' . ` ` � ' � t.Sr . , � �,��� '4r�� - � •::�,i c � 'kt�:�--
<br /> � sF � - � cc� _ , ' . _ _
<br /> ..__`r_ : . _"_ .-._'" A"'= "'' '` .:__ _" _ .. , ' ""___ � „ — __' _ ____ ' -- _ �_ ""_
<br /> �.
<br /> _� 1
<br /> _ _ :�_ _
<br /> , . � �.
<br /> Y � . . �. � i .. � . . ' . _�.�� .
<br /> 4
<br /> � '� .
<br /> . � , f �
<br /> _ _.��L: ._ ' . . . . � _ '__ , ' • , ` ' " ' - . " . _ ' ' , ' . � C � , '� . _
<br /> -�i -- , - .. -.. .-_ . ' __ _ _ _" _ _ _ .. _ __ . _. . _ _ " " __ _ _. . . _ " , _' " ._. ' _.
<br /> c�� . . ' �i...�C` . . ` , r. i .-..,..___.c..�_—_—_" ' ! ,, ra...r ! �`^ •..-F . . ._ . c a-+��-�? . b 4 � -
<br /> �4• � - . � . .. ` a..aiy�1LT't'
<br /> . _ _—'— '—_—` '__—'ti-_" _—'_ —'_ '—" "'" ._ '" ""__ " ' A __ _` ' . _— �. _"___--
<br /> `s ' _ ' :t• - ` ' . T- — . . � ' � � V`�i�li�V� � ,"k�' - n-.�;
<br /> ..c r-,
<br /> . � �t._ .. . ' ' . `. ' .. ' � . � . ` . ' . �. -..
<br /> .� � ' ,t � IiWFOt�M COV�IAI�tTS.Botrowetand LenAe►coven8nt and agree as toltowx . . ' � ^•
<br /> .� . � • $ , t.Pry�M d and hNKMt Bartower ahali P��P�Y PaY, when Que the prfintiAal.af and ir�tterest on the ' , - •` � • ..' ` ; �
<br /> e
<br /> "� . . ` ! i��sayidsn�N�thet�pte,preps andSatecha�eslsprondedirtlheNOte,andthep�ncipalotartdtnteresion �>
<br /> � - ` �: : at►y Fu4ua Mwices a�wrsd Oy ttfs of TnAt= , . •< ` sr
<br /> • , Z.Fue�larTs�MaedN�wr�nc�.Su ' toapW icabbtawortoawrltren+ysiver LendetBanowershaflpaytoLender °
<br /> -� -� -- _. � - onlhsdsymontAtyinaWlm�nbofp�tici�andinierestaropayabieundertheNOls.unlpl�lY�ateiapaidintuii.ssum(herai►* � `• . - * -. =-�
<br /> _..
<br /> -.Y.. , °Fu�e4uU w on�-fiwsiM of�s yeui�ffixesand aa��ssmeMa wfdch n►ey attatrt ' " aver th':s OeeA a!TrusL�d-- - ,..-- ": —
<br /> . . . � groundraMsonlhsP�W�tfl.ifany.plusone-lwNitl�oiveerlYPremi�minsfslimenbiarhazudinsurance.piusone-twei(�of ; t -
<br /> . . .. � ve�rty pnmium I�sstaiUnents tor ma�lpspe I�iu►ance.ii any.atl as ressonabh►eatimatad initbity and hom time to time by � ±`
<br /> y LanQeran tAa a�s a�r a�a�ns ar�e rowonae►ee�ma�esa�«eot ;
<br /> �,;' .. ' TheFunQsahall�eheldinaninsmutwnthsdsPo�iboraccountaetwhichareiesuredoryuaranleed.byaFe�eratorqate : .• .
<br /> � a�enc�(inctudinQ Lar�if LasQer is aucA an ineti�tionJ.Lender shalt sppry tl�eE bads t�p x siid taxes.asssssme�ts. :
<br /> - ' � �nwranceDrsmiumsandproundre�rls.Landsrmaynotchar9etaaohoidin�artdapp�yinptRefun�.aaa[ysio9saldeccount :
<br /> _ . ay�iyin�sndepmpiiirt�saida�nentsanQEilts.un1essEeaderPaY3BortowerintsrastonitrreEundsandspplicabistavr ; . . .
<br /> .� perm ifs�anderfomakswcAachsr�sBorroWerandteodermaya�rsemwritinpatthetimeofexecutionoNhisaeaotT�ust r,
<br /> y.• : . • ihat imerest on the Fund�sh�tl be peid tu BoROwe�andunlass such egreerrtent ia made or�pp1�'csIbe ts�w reQuires such ;.
<br /> -,- --. . _. _ . � intaresttobeoaiO.Lendershallnotbe�equiredtopay8arowe�anyinterestorsitmin�a ortthe-Funds.lt�detshaityiveto ; �
<br /> � Bortower.withaatchar9a ananaualaccaurtingoftheFuadssliowin4 c2dibenddebitstothaFundsandttieDurposetor _ _-- -- -- ,--
<br /> . �eaahdebittutheFunQswasmade.TheEu�dsarepledgedasadditionalaecurirytartheaumasecurecttiytA�sDeedo#� - .
<br /> - iftheamonntotlhelur�t�etdbyGe�der.to�elAsEwiththetuturemanthEyinstatimentsotfundspayablepriortothedue . _
<br /> � to
<br /> da�es of lsxes.asaa�b.insurance promiums and 9rouad renb,ahall exceed the amount required to pay said taxes.
<br /> essestmenb,insurance prEmiums and pround rents aa they fall due,auch excess shall ba at Borrower's option.eithe►
<br /> �.;:°' s prp�qy repa��p gp�r��pr crod;bd�o Borro�rer on monfhty inatattmenbot Funda.H tAe amount oi the Funds Aetd by . . .
<br /> :�:,� ., . i Lendersh�linotbe�enttopayfaxea,aasessrtknl�,inaurancep�emiumsandproundrenbastAeyfaltdue.Borrorrershalt•. , - � .
<br /> 'S;:�';`ir om the date na6ce is maiied Lender to � � .
<br /> �;E , ' . ` - pay ia Lender any amou��t�to make up the delicieney wdhin 30 days fi b1► • , _
<br /> Bair request� _�.
<br /> � i , � � - f �ppc��,�fia�!�du�,ofaltsurt�se�tedbymisOeeAofTrus�Lec�dE�ahallpramPttyretundtoBorrowerartyFundshe�dby � .::_
<br /> ' Leadec�:+;!�s���18t�ereofiheP���orttteProperryisotherwtseacqu�redbyLenQe�.LendershallaDP�Y. :`�°.
<br /> '�_• ' ` ' notafei�ta^.•:�a��!�artothesabof e cxitsacquisitionbyi.ender,andfundshet4byLende�atthetimeoE.. . �
<br /> ..`..�s. �pp��a6on a�a cr�q�.�unst tt�a suma secured L��is 0eed ot T�wl. � .
<br /> • :,',:�;:I;:;;: ` . _ ; " `�Q�.� Unleas appiicabit� rovides otherwise.aII paymenta received by Leader ur�der the Hote Y, _, - ._
<br /> E , f���ahaltbesppiiedb�i�fi�t�npaymentofamwnisQaya�tetoLendelbyBosroweronder
<br /> •F�'�"� � �fte�tointerostpayabteonthelV'ate.the�tothepnnc�patoftheNote.andthentointerestamipnncipalon � =` ��;
<br /> , � .. i P�r� 2ht�eo�. ,
<br /> . . � any utureAdv�r,�s.. .�
<br /> •} � I,t�a�Lii��OhOwerssh�ifp8y ali�xes.assessmentsaadothercha�ges,fi�esandimposiponsa�ttihutabtetothe
<br /> ` Pro p e r ry/wh�cli maj�ae�ai�a�over t his Oeed of T�us�and Ieasehotd paymenb or ground rents,it ar ttin the manner
<br /> � • � provlded under n 2 h�e o?or.if not paid In such manner.by B Oaower ma k ing paymen�w h e R�.i�,m i r e c t►y t o m e .
<br /> { payeethereof. rrZr��shall ompt! tumishtolenQerailnoticesofamountsdueunderthisparagrag'�4�3intheevent , ,
<br /> � s o r towes s ri a l i m a K e�e�►�O�Y.�r r o w e r s h a l lR r o m p tl y t u m i s h t o L e n d e r r e c e i p t s e v i Qencir•�;s;�wpaym e�is. f
<br /> • , r 8orrarrer s'hatlpro�rip1Cy tfiachar�aR:y lien whicN has priority ovec this peed of TrusX Prav�Ced:��at Bz,noi�r��h a 0 not be
<br /> `��� I roquircdtaqischar�eanY auchilensotingas8oaowershallagreeG��fiUngtothepaymentotL'+e�d�igai:cr.sec;rredbysucf�+ :
<br /> t lien in a mannpracceptaDfe to I.ender,a shall in good faith contes�s�:rh lien by,or defend entar•reir•er�t o�s�t:h{ien in te,ia?
<br /> � � proceedings whieh operate to prevent the entorcernent ot the lien or farteiture of the P�apeRyt or any p�a�t the�f.
<br /> ° S,Huudln�ura�ee.HOnowe�ahailkeeDthe¢��vementsnowexistingorhereaftererectedontheP�ery�rtyinsured �'
<br /> again�ttossbyfire.haaaM.isinCtudedwithinthete,�:+="�Mendedcovetage' andsuchotherh�za�dsesLe��mayrequire . 7:
<br /> M.
<br /> '� and in such amounts a'v�to�such periads as LenQe:�may require:proviaed,that Lendar shall not requuetha^the amount of
<br /> " suCh Coverape exceed thet amount of coverage�equ�red to pay the sums secured by this Oeed ot Trust ,
<br /> Thisinsurancecanierprovidingtheinsurancesf�ailbechosenbyBarrowersubjecttoa prpvalhyLender.provided.that ,�
<br /> , underpar graph 2 he eoef or it�ot pabd in such menner by 8orrower making payment,gwhenedue Cirectey to the insr ence �•
<br /> ; � CBMEf. •
<br /> � � , All i�surance poticiesend renewalslhereof shail be in form acceptabteto Lender and shall inCtude a standa�d muRgage
<br /> • cfauseinfavorotanAinformacceptabletOLender.LendershallhavetherighttoholdthepolicfesanQ�enewatsthereof,and
<br /> BorrowershallprompUyturnishtol.enderallrenewalnoUcesandallreceiptsofpaidpremiuma.Intheeventofloss.BoRawer .
<br /> • � ' shall�.'vepromptnoticstotheinsurancecame�andLertder.lendermaymakeproofottossifnolmadeprompttybyBorroweF. ,.
<br /> - � ltntessLender$n48oaowerothecwlseagreeinwriting.lnsuranceproceedsshallbeappliedtorestorationorrepairof.Lh�
<br /> � Acr,aes��amaped.Orovided such restoraiton o�r�pai�!s econom'r�ai►y t6asible and the seC�rtCy of this Oeed ot Trust is�at •
<br /> chereby Impeired.if sucb�ostoratlon ot repair is nat economiCally feasibte or it the securi�j o°4hia Qeed of Ttust wou16 be
<br /> + impaired,the insurance proceeds ahall be aAplie�t��he sums secured by this mee0 of Tcusb�ith the excass�it any,paid ta ,
<br /> ' '} �� � 8orrower.N!he PropeRy is abandoned bY Botrvwer,or if Borrower fait9 to reap�n�tQ f.en�.r wtthin 30 days hOm the date �.
<br /> ; notice is maited by Lender to Borrower t6at the irsuranCe carder otfera ta seltae a cta�m f�insurance be�ef'.s.Lender is
<br /> authorized to colteCtand apptythe insurance proceedsat Lender's option either i�restora*.ia+^oz�epai�ot the RropeAy or to ;.
<br /> � .:� the sums aecurea by this Deed ot Trust. '
<br /> Unles�LenQeraadBonawerothe+wiseagreeinwriting.anY auchapplicationofproceedst��-mcipalshallnotextendor
<br /> ;� ' � ' po s�one the due date of the monthty installmenffi reterred to n paragra hs t ard2 hereof or change the amount of sucn
<br /> ' inftellmenb.8 under parag►aph 18 hereot the Properly is acqui ed by Lender,ai�r��t,titte a�d intereat o1 Borrower ir and to , . .
<br /> ;; - .. � anyinsurancepoticiesandinandtotheproCeadst!se�eotresuttingiromdamaget� eP�operlypriortotheaaleoracquisition .
<br /> - � ahall pa�.s to Lendar to the extent ot the suma se���d by thls Oeed ot Trust�m;nediatety prior to sucb sale or acquisition.
<br /> A.or�vallonsndMainNnanc�olProp�rtY,i+�?�s�ho�ds:Condominiums;Plsnn�dUnilO�v�1p�nb Borrowersha!t ' ,
<br /> ; keep the�ropeAy in gaod repair and ahaU not comcnn waste ar permit impairment ot deterloratlon o1 ihe Property and sha''
<br /> Compfy w:t�theprovisionsofanyfeaseitthis0eedotTrustisorral�asehotd.{tthis0eedotTrustisonaunitinacondomininam.
<br /> er a pPanned unit 0evetopment,Borrower shalt pestarm atl of Borrowe.s obfigatlons under the declaration or covenar.'� .
<br /> ;;•� creatlng or goverr.�ng ttte condominium or plannec!dnit developrrtent the by-tawa and regulations o!the condominium or .
<br /> ptanned unft development,and constituent documents.If a condaminium.or pta�ned unit developmeni nder is eMCUted by
<br /> -.,• B o r r o w e r a n�recor d e c lt a gether with thia Deectot�zs5t,the covenant�and agr�ements oi such nder shall be incorporate0
<br /> into a�d shatl amend and aupplement ihe ca�enants and agreements o f t h is Dee d o t Trus t as i f t he ri der wer e a p a A h e r e o f.�
<br /> � ' 7.ProNcMon ot L�ndK's S�euiity-It 6orrOwel failgto peAorm the Covenants and agreements confairted in thie Oeed Ot . •
<br /> � Trust or if gny acNon or proceeding is commenced with materiatty aNects Lender e interest v'�tre Property.inctuding but not
<br /> %,j' • ' ' Umiteato,eminentdamain,insolvency,codeenfOreementorarrangementsorproceedingsanr�?vingabankruptordecedent�
<br /> �,;�.;; then Lender at Lende:'s option,upoo nOtree ta Boreower,may make such appeaF�^ces,d:5��:se such suma and take such
<br /> r aotionasisnecess8rytoprotectLendePsinterest+r.oluding.butnottimitedtod.s�'4ert:en!streasonabteottorney'sfee�and
<br /> ,,.�`': � entry uponthePwpertytomakerepair9.HLenQerlequiredmarfgageinswac�e��s�oand�tionotmakMgtheloanaecuredby.
<br /> `S� ' the Deed of trust,Borrower sha11 pay ihe premiums�equlred ta maintain s��h�rnguranCe,9�eMeCt unhl suCls timA a8 tlfi�
<br /> '•+ �� ' requlremenitorsuchinsurancetermirtdtesinaccordancewith6orrower'sartdlender'swri`�er;a�rserr�entorappIlcalbet��n.�
<br /> ' #° ' ' ' Borrowar ahallp8y the amount of aii moKgage insurance perc^sums in the manner providedu���+'pa�agrapb 2 hereor , .
<br /> �,,,, My amount�disbu►sed by Lender pursuan1 to this paragraph 7, with interest ther�� shaU�become additior.a��'
<br /> ;, . ' indebfednessofBorrawersecuredbythisQee�atTrustUnleSSeorrowerandlenderagredtaotheriermsotpayment,sucb ,
<br /> ��;�� = � - amounbshaU bepaYeble upon notice t►om LenQe�So Borrower requesting pa5rment hereo}.ertd shall Dear intere9t trom the
<br /> ���'- dateofdisburaementattheratepayablAf�omtimet3timeonoufstanding prirtcipaturtdertheNoteuntesspaymentofinterast
<br /> .{. �
<br /> . • , at suCh rete would be contrary toapp licable taw.ln which event such amount9 shall bear interest at the highest rate
<br /> , permissibleunderappllcabfelaw.NothingcOntainedinthispar8graph7shatlrequiratendertoincuranyexpenseortakeAny
<br /> ` � actlon hereunder.
<br /> � ' �.tmp�eY0al.endermaymakeorcausetobemadereasonableentriesuponandinspectionsolthePropeRy provided
<br /> �� � thefLenderBhetlgive9orrowerrtoticepriortoanysuChinspHCtianspecifyingreasonablecausetfiereloreretatedfolender's �
<br /> � � Interest in the Property.
<br /> i = . •
<br /> =j----- -.- -- � _ ._ _ . _ . . ...- - - - . . _ . . . _
<br /> �
<br /> .
<br /> ' �_ _ _ - - -- - - - - - -- ._ . . ..
<br /> _ "_ __ _.___ - ----
<br /> -
<br /> �.: -
<br /> e. r
<br /> �.. � , - .
<br /> � '� -� — -- �- --
<br />
|