|
. .. , _. _,^ . .�: „ .. i.- , ' •.t'I -'i'.
<br /> �"`; � /•' ' .. � - 1 i�
<br /> � .
<br /> ,,�� ' %t .f�,
<br /> ..�R ,� . ' . ..Wd1�WlM:!r�, . �=±'=°;
<br /> ._
<br /> . .
<br /> _.__..�.,...t �•_�...__...
<br /> . ._ .._ , .. . . - � - � � �r�� � .._: --
<br /> � . . •rr`L...,-".,V�;' �:
<br /> RONALD C QiILDSRS KM�N K CHILDSRS 100172 03/13/1996 . ; `,�.�
<br /> 96a 1�1��F
<br /> UNIFORM COVBNAN'is. Honower snd I�ct��er 6e�venant and agr�es follows:
<br /> 1. Ptty�stssci c�f L*-r.1�el�al nnd 1a�ic1�::1. @o�eo�v�r su�n �TOn��,riy ��y wlieu due d�e pri�ts:ipal nnd intefest
<br /> indehtedt�ess evldenced by the Nate and late charaes as pruvided in d�e Nnte.
<br /> Z.�'unds Por Twxee�tnd Insurance. Subject m upplicable IAw ar A wrictcn v+aiver hy Le�xler. Barr��,vcr sGall pay ta
<br /> � . .. . I,gndr.r�n�h_r. �I,�y mmrhly�ymentx of grit�:ipal ae�d intcrest are oayable wulee thc Nt►te,u►ittl the Note iy paid(�full,A �_. .. _ _ _ _ _
<br /> 1 sum (hercin "Fun�ls")sqwtl ro oi�e-�welfti�of the yrariy taaas tnd assrssn�euts p�kludii�g co»don�inlum atxl pltruied unit ' �
<br /> Ideveli�pnxnt�ssessnxnte, if Any) which nwy sttain pdority uver dile Deed of Trust,ai�i eruwxl renta�n tlie Property, if �
<br /> ra�y. plas Ut�-i�:�zlf3t�af yeaely p�enilun�i�wwlbuents fiie 1►a;�aed l��ueaiicc;,�3us ae�-tti.lfth at'ye«ely pr�:miuni ln:tnlltn:nt� .
<br /> fiir nxirt�a�e in�uranc�. if Any, al! ps re�.�nwbly esdnnted liild�lly ai�d fn�m dn�e u� dnx by L.eixler an the t�astA ��f „ .
<br /> Ass�ssnxntd�nd bUls and eeasonahlc estinu�ted thereuf. RnrrawCr slull �KU he obfigxted tu n�alcc ruch pAyn�enw af Punds •
<br /> �"° ta Leuder to the extent thot Borrower mAkes such payn�eacs ro tht holder of a ptlor nwrt�agc nr deed of trust if svch t�alder
<br /> , .""`� ia aa i�utttudanal lendcr.
<br /> If Borrower pxys Funds to Lerxier, tl�e Fuads slixll b:weld ta an iusdtution the deposdts ur accuuuts af whicli ure ��,�-
<br /> � iusueed or g�arwteed by a Pederal or state agerK:y(iix:luding l.eniier if Ixmler is sucb au ii�sdtutiouy. I.eudee su�ll apply _-
<br /> ,� the Funds to pay s�d taxes,assessments,insucance premiun�s and ground rents. Leader may rwt charBe for sa holding And " . _
<br /> applying the Fw�ds. analyung said account or verlfying and cumpiling saId essessmeats and bUts, unless Lcnder pAys '. i. �---
<br /> . Bomawer intertst on the Funds arxl appllcable law pem�its Lender to make such a chuge. Borra�ver and Ixnder raay agne ' •
<br /> F iu wridng at tho time of eaecudau of this Deed of Trust that iatsrest on the Funds shxll be p�id ta Borrower. uid�uiless
<br /> � svch a�rcement is made or�pplicable!Aw requires such interest to be pa{d. L.ender ahafl not be required to pay Borrower �•������-
<br /> ' auy iatecest or eacnings on the Funds. Leqcier shaQ give to Hotrower. withaut cutuge.an aunual�u:countiag of tde Funds �� �!':_ ��
<br /> sdowiag credits�nd deblts to the Fuuds a�rd the purpose for whlch each debit to the Funds was made. The Funds are '� r.:`
<br /> ' pfedga!as addidonal secwity for the sunu secured by thls Deed of Tcust. t, ;,;��,
<br /> If the amaunt of the Funds held by Lender, together with the future n�onthly iastallments of Funds payflblo prior to �� ' �t�
<br /> ;� # the due dates of qxes, assessments. insurance preariwns and grou�d rents, shstll exCetxi wc awotu-tt ii�uired[o pay Bald __�L°``�'
<br /> ta�ces. assess�nts. insuraixx premiumc �u�d graw�d nents as they fall due. such eacess shxll be, at Borrower's optflon, �I ^;�'r>
<br /> .�; �'.�;�i.:;,a�i°�::_
<br /> . , � �, etther promptly repaid to Borrower or credited to Borrower on montWy installments of Funds. If the amount of the Funds --°- _---
<br /> held l�y I.ender shall not be suffi�ient to pay w�ces. assessments. insurance preminms and ground rents as thcy fWl due. ��:�;.
<br /> Boirower shall�y to Lender any amaunt►jecessary to m�6ce ap the deficieusy in ane or more puyments as:.ender way ;�i tti--
<br /> •.. _.. �'� CCQIIiIC. —
<br /> f. _°"
<br /> iit:; Upon p�yment in full of�Il sums secured by this Aeed of Trust,Lender shall promptly refund to Borrower any Funds =---- -
<br /> • �'� 6eld by Lender.If under para�ranh 17 he�of the Prooerty is sold or the Pronerty is otherwlse acq_uired by Lender. Lencler
<br />':,rs-: shall apply, no Ixter than imit�eciiately prIor to the sale of the Property or its acquisIdon by Leuder, any Funds held by
<br /> ��'�;;�� I eader at the time of appllcadon cts a cre�idit against the sums secwrai by tLis Deed af Trust. - -
<br /> ;.';',�' . 3.Appltcation of Psymcnts. Unless applicable law prov3�les ofherwise,�ll�aymeats received by Lender under the �-_ —_-
<br />�,�:�. •. . •. Note and paragraPhs 1 iwd 2 hcreof st�a11 be�pplied by Lender first in payment of amounts payable to I.ender by Borrower _ -
<br /> � ��:' � � • '' + under paragruph 2 hereof,Wen ta interest payable on the Note.wd thsn to the principzl of tde Note.
<br /> . � �,, .-
<br /> a���`�.,'�� • .. 4. Prior Mortp,��ca�nd D� of Tevst; Char�eai Ua►s. Borrower stiall perform aU of Barcower's obllgadons
<br />_::;:��`��'?�" '°' undcr any mortgage.deed of trust or other security agmment with a lien whtcd has prlority over tLIs Deed of Tiust. -
<br /> ;j�,; '��'+: includlag Borrower's covenauts to m�ice payments when due. Borrower slutll pay or cause to be paid atl taxes,assessmeuts --
<br /> i-::':�:",. :;-`� and other chuges. fines wd imposidons atuibut�ble to the Property wlilcl►may attain x priority over thls Deeti of Trust.
<br />;:'' .., : ,+., and lepsehold payments or gmund rents.if any.
<br /> ���a.
<br /> -:=;lti;:"'�� S. �arard I�urance. Borrower stiail keep tlu improvcmcnts rww exissin�or hereafter erected an the Property — --
<br />�::.�:°•-'• =�
<br />--.--_-.T•��,:. insured ag�inst loss by firo,barards included wfthin the term'eatended coverage". u�d such other 1�is as Lender may �...
<br />��;s�� reyuire aud in suc6 wwunts aacl for such pertods as Lender may requ�re. -....�.�
<br /> The insvr�nce curier providing the insurance shall be choszn by Bucrower subjxt to approvrd by Lender:providecl.
<br />== `' y'�":;� -
<br /> -�,�aj:� ��, th�t such approval s6a11 not be uane�so�ly wit6held. All iasurar�ce poGcies and �ensw�is ttureof sL�ll be in a fomi
<br />``'`^:�' ble to Lender and s8a11 include a stanclard mort -- -
<br /> -- acapt� gage cliuse ia fAear of anc!in a form accep4able to I.ender. Leader -
<br /> ����''�`-`� st�il I�ave the dght to hold the pol�cies ancl naewals thereof. subject to t6e tem�s of any awrtgage. dax!of avst or other ���`
<br />==�°�"_,�'�, securiry ograment with a lien whic6 b�s prioricy over thie need of Ttu.gt. =�
<br /> �ws%�.�-a:, [n the evant of loss. Borrower shatl give prompt nodce to the insurance carrler end Leader. Lender niay make proof =' -
<br /> —==�.�:,'�:i of loss if nc►t made pma►ptly by BonowEr. �-'
<br />-=-s.�x���:��•��� `_
<br /> ...,,�t + If the Property is abwdoned by Borrower, or if Borrower fails tn respond to Lender within 30 days from the date ;i=
<br />_�.'��`,y'°:'. � noace is mailed by Leador to Bormwer that the insurance carrier offors to settle A claim for truurAnce benzfits. I.e�er ia
<br />";,z�;:�`-;;;��' authori�ed to collect uid xpply the insurance proceeds at Lender's option either to nstondon or repair of We Property or ��:'_
<br />_ �;�::.
<br />- �-'- • ` to the sv�secured by this Dood of Tnist. _ -
<br /> .. . . � 6. Prtis��Won and M�IMenance ot ProPertyi Leaseholtlsi �ont9omin1un4i Planned Udt Devdopments. =• : =-
<br /> ;, ` Bomnwer shall kee�the Property in good rep�ir and shall not commit waste or pormit impairment or detedorndon of the '�. �'`�'
<br /> :1,;i�i�SitW�ltii�:::.�_:
<br />; Froperty arn!shall comply wft6 the provisions ot any lease if this Dad of Tiust is on a leasehold. If this Decd of Ttust is �� rr..._____�-__
<br /> � �•:i t"�K��.,:w�a:`
<br /> on a unit in n condouilniwa or a plwned unit developinent.Borrower shaU perforru�Il of Borrower s obligadons under tlte �;:�:H,:��,�y--:
<br /> declaratian or covenwts cn,adng or goveruing t6e condominium or plauml ui�it drvelopment.the by-laws wul regulsdons � ..;.;°�i�:��►xau�
<br /> -:-,1.�-�-�-�-
<br /> of the condoaunium or plwned wilt development,�nd consdtuont documeats. , .:������:,,'
<br /> _�.� ,.
<br /> ' . 7. Protectlan ot I.ender'e Seccuity. If Borrower fails to perforw the wvemwts and agrceu�ents contalned in tWs -��.�: -. �.����-
<br /> = Dad of Tcust.or if any acdon or proceeding ls commenced which mated�lly affects Lender's interest in the Pmperty.then •:�:��"�w;r+
<br /> 'r. � - :.,:.��=»r-_
<br /> r}�» Lender, at Lender a cnpdon. upou notice to Borrower, may mulce such appearwxes. disbiuse such s�. including
<br /> •�. .
<br /> ,,....
<br /> .. ------W--.........�.� � _...,�L----� ---_-- -- _- -- ---- • --�--�_ �___� .�._.��_.._.s_.,_..._.�� .._ -�:�-T>.�;�E��.
<br />_ �� •.�.••�.,•..........�o .....a. ww w.c au�.a w.uou w��a iRi.v`aSsTj av piinc�u�� a nnc�ca�. u uiauc� a�yv.sw...,.•�v .. ,_.
<br /> ins�u��ce As w conditton of mlking tlu loaa securcd by thIe Deed of Tnut. Bonower shall pay the prewiwns reqnired to �•�'�-•
<br />- ., rnaintain such iasura�ce in et�'ect untii such time �s the rey�irement for such insurance temuaates in accoraaxe with �
<br /> � Bomower's u�d Lender's wrieten agreement ar applicable low. � • ,
<br /> - Any amounts disbursed by Lc�dcr pursuxnt to this p�tragroph 7, with incerest therenn,ut thc Note ratc,shxll become
<br /> zdditioml indebtedness of{3orcower secured by this Dced of Trust. Unless Borrower uid Ixnder agree to otl�er terms of "
<br />- payment, such amounts shall be psyable upon nodce ftam Lender to Borrower rcquesdng p�yment diereof. NotWng „
<br /> contained in this par�graph?shall mquire i.ender ro incur any eapense or take any acdan Uereunder. "
<br /> , 8. [ropecNon. Lender may make or cause tn be made masoruble entries upon anci inspocdons of t6e Property.
<br /> -• provided thnt Lender sliaq give Hortower aodce pdor to any s�uch inspPCdon specifying reasnnzble cause thetefor related ta
<br /> ' Lender's interest in the Property.
<br /> _ �r
<br /> • r{
<br /> � -G��::'�`
<br /> _,� �
<br /> • Ncb[aik�26b76-2 S/95 Origiaal(Racord�d) Co�y(Sr�nch) Copy(Custioa�sr) Pasc 2 ot5 �
<br />
|