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<br /> � '•4r�ff is ei�+� -•'-s� :
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<br /> : � :.•Y . UNIFCtiM COV�NJUN�S.Borrowar and�ender coveriant and aQree as ioltows: ', ° ` `�;�- -
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<br /> . ° 1.pa�nt d hNetoal and MM�MI.BoROwer shall�rompthf WY,w�en due tlfe princtpal,ef and interest on the - ---
<br /> lndabled�nsesevid�ncM6yti�No1� tas�dla�echarSesssprondedintheNate.a0dthePnncipalofandintereston ``t. : , ��_" ` _
<br /> ` .. any�uAU�Advu�C�a�curod by ths ot TrwL . . . � _
<br /> �Fw�faTa�aad�na.Su �ct toappi�ce6lelswotWawritter►waiverblttende►.�orrowerahaUQaylol.enQer . .
<br /> -�- �—_`-_- .`�-, --- onlhedaY��►tYtns4QmsnbofpnnCipii.ndintenstuepryabieundertheNOtb nntittAeNoteispaidtabil.aaum�Mretn . {. - . . -
<br /> _ - __ --° "Funds")�9�lo Orte-lwai!!!►ot!ht ye�rty tanas and�a�es�ts wh�Cf►may attsin prtority over tltis Daed of Trost and � s s
<br /> � � , yround��eriscntAeProp�rry.ifany,ptusons-twNMa!ye��SIP�iuminsWlmenbtorhazardinsurance.D�usone-iwetfthof . �_..--`--_:`-::,, �:.3_`:
<br /> t • . . f ' �y p ro m i u m i n s t a l i m e n t s f o r f�sp�i n w�c�i f�n l r�II as reaso n a D t y estimated initially and irom tune to time by � _
<br /> LerKl"er on tAs bNis of a�ewmenr tr an�bilb ar�d re�loaabie estimsles Thateol. -
<br /> . . .< ThsFunds�h�Itbshel0inanina4tutianfbed�Po�tsoraCCOUnts�fwhichareinsuredarguaran9aed.byeFederaforstate �t��( .:. ,'� , ...� _
<br /> - a�sncy(nctudinp L��dK if Ler�is suCh�n i�hWtion}t�Qer shatl apply the funds topay s a i d t a xes.a a s e s s m e�1 s. �-- . _ °
<br /> ' � inwrantePraniumaandSroundronl�Lendernwy aotchacQsiossoholdingandaPD►Yirs�lheFunds.ana�I►slrf�sai0account � ,
<br /> - � - . - � avar;yinganQcompilirgsaidas�e�sm�nbsndbills.unbaLende/WyfHOaoweriMereatonfAsFundsandaQp�� _�caDbtaw ` . `..;
<br /> permilaLa�i4ertamsK�wchachary�.8orrowerandLendsrmay�gree�nwritin�atthedmeotexecutio�oflhi�oeeaoiTrusi � . �,`. '; �-.°=-
<br /> ' ihat inf�restcn tha Fands shalt 6a p�id tG Borrovre►.and unfass aad�a�reemeat is made or�pN calbe taw�equires such�
<br /> . . irroe�esttobsp�i�L,sndershallnotberoQuiredtoPeYBorroweranyintereslaeamingsortthe"funds.L.endershall�iveto f , _ '
<br /> Boaower.withoutd�ar�a anennualaccountingclfhsFunQSShown�creditsandde6itstotheFundsandthe purposefor �
<br /> - -� - - �: whicheachdebittaihsFundswasmad�TheFundsarepted�edssaddittonalsecuritytorMesumssecuradbythis0eedot `:=--<_---_.
<br /> f T��theamountofldefur�dsheta�YlenCer.�o�ethe►witbthetutu�emonti►tyinslaiimentsotFundspayabtepriortotltedue .' - . .
<br /> '. � '• . daNs M laxas.asfeaetnents.insurance premiums and grounil rents.ahs0 exaed the amovM required to pay SaiE1 taxes. ,:`;< r .
<br /> essessmeobr insurancs Premiums and round renls as they fatl due.sucf�excess shall be,at Boaowers aptinn,eit�er , ;�1.1.• . ..
<br /> - • qy r �q g�py�a cxedited�Borrower on monthly instaumenb ot 6unds.If the artwunt ut the.Eunds he�t D ;,-;.��... : . •
<br /> � cxe
<br /> derahal�notbesu16eiMritopaytue�esses.trt�snts.inau►ancepremium58nd0routidrentsasfheyfalfduaBorta�er� � - - :. �. . _
<br /> I.,� . p�y!p LenQsr an�(amount necesfary to malce up the Ceffciency within 90 days from the Este notice is maled byr ter�s3er to: - 4�:`;- �, ',< ,
<br /> � . . • BoROw�rrsqu�PaY�tthereo� . ,. : ; .;•� .
<br /> . �.. ' ,�` UpqnPeYme�tintultofaltsumssecuredbylhisOsedolTcusLLendershallpmmptlyretundtoBorroweranyFunds�!�by� ; . `�'�,.T �.` ,`. -
<br /> �: Lertder.tluncterpaa�FsPhlBhereoflhePr�►issoldortheP��perty isolhe►wiseacquiredbyLender.Lendershail�ply. � • .-r �".
<br /> �• notaterthanimmaAieley►P�����so►mar�°pert�►o«sACqu�isitionbyLender.andFunclshetdbylenderatthetim�eof • ; `.
<br /> _ . app1icadon as s credit assusst the sums secured by Mrs Deed of Trust
<br /> � 3,�pp�p�pari�nbt.Ualess aDP���bte law pruvides othenrise all payments�eceived by Lender under the Note `
<br /> _ _r�` ... � _. .,. ._ , _ _ . s����2�w tshallbeapp�ie�byLenderfiratinpaymentolamou�tspayab�etoLenderbyBonoweronder : , '_`�;
<br /> �� pa►a9rap 2hxeof.thentointerestpayableontheNote.thentothepr'►ncipatoi�eHote.artdthentointerestandprincipalon - _,
<br /> °� • . anyFuhrreAdvances. �r
<br /> �, l,Jw�s.Borrowersshatlpay a111axes.assessmentsandothercharges.finesandimpositionsattribeitabletbthe ,�, , :
<br /> �'i � Properiy w icA msy attsin a prio�i aver this Oeed o}Trus�and teasehotd PaYme+►ts cr ground�ents.if�any,in the manner , _.. • ,
<br /> r.: • •� pravidEd under para�aph 2 hereof or.if not paid in such manrter,by Bonower making paymen�when due,directly co the ::•.;�.,° � �
<br /> payeeffiereof.Bonawershall promptly fumish tolender att notices of amounts due under this paregraph,and in theevant
<br /> ;i; go�ro,�re�shall makep�ymen t direcUy.BoROwer ahalt prompdy tumish to Lender receipb evidencing sucp paymenta , .
<br /> .! Borrower shall ounp yti dischar�e anY�ien'�f'.i�ch has p�ority over Mis Deed ot TrusC provided,that 8orrower shall not be
<br /> ,�, , . _. requi�edtodisc�ia�aan sucbliensolongasBoROwersheltagreeinwrit+ngtothepayme�toftheobtigationsecuredbysuch
<br />; �.� �;?�"r •. lien.in amanneraccep�e to E�:�3e�•or Shalt in good faith contestsuch lienby,or ctefendeniorcement of such Iien in,tegal :'
<br /> . . ":`::� prpceedinss wbich opera�ta psevBr�t the enforcement of the lien or fodeRure of the ProDeny or any part thereot , �
<br /> ;,� � . �;N��(�gprro,w�5.ha11 kee�L`te improvemenb now existing or hereattererected on the PropeRy in�red :_��.-.
<br /> �� against loss by fire,tsazacQs inetu�a4 withi��r�etarm"extended coverage".end such other hazards as Leader may require
<br /> ' �;::�j andlnauchamounSSanaforsucfsperiodsas�er+dermay require:provided,thatlendershallnot�equirethattheamountot ;
<br /> . � such coverage exaeed that amo�nt of coveragerequired to pay the sums securcb by this Oeed ot 7rust
<br /> �e ThisinsurancecanierproviQi�gthelnsuraneeshaltbechosenoyBorrowersubjecttoaCDrovalby Lender,provided,that
<br /> such approval shall not be unreasa�a6ty withheld.All premiums on msurance policies sha(i be paid in the manne�prov�ded
<br /> under paragtaph 2 hereof or,if not paid in such manner,by Borrower mak+ng payment,when due,directty to the insurance . .
<br /> � carrler.
<br /> Afl insutence policies and renewatsthereoishall be in torm acceptab!e to Lender and Shalt inctude a standard mortgage �
<br /> `; cteuaeinfavorofandiniormacceptabtetoEerde�.LendershatihavetherighttohOtdthepoliciesancfrenewatsthereof.and
<br /> "r... goROwershallpromptlyfumlahtolenderallre^ewalnoticesandaQreceipisotpaidpremiums.lntheeventoftoss.Boaower
<br />• -'�l• � shallgivepromptnoUCetotheinsurdncecaRiefandtender.lendermaymakeproofottossifnotmadepromptlybyBorrower. :. ,:�:,r:
<br /> UnlessLendetandBorrowe�o�rerwlseagreeinwrlting,ins::ran�eproceeQsshallbea��liedtorestorationorrepairolthe .�, :
<br /> ;.;: .;�,. : PropeRy damayed.Provided s�ac�rgsto►atfion or repair is er,�-�?sicaltyfeasible endt!^ti s��rity of this Deed of Trus*,`s�not :�.;,'
<br /> . . �!. ,.:.,, thereby impaired.lt such resto�atiG.ti or repair is not econo^t:.G:'y teasibte or if the se��tri��af fhis Oeed oi Trust w��=��e : ,.:.;; .:; .
<br /> • im�aired,the insurance proceecfs shall bea�splied to the sur'ss saeured(sy this Deed ot 7rrwt with the excess,if arsy,����t0
<br /> � gortp�iver.It the PropeRy is aDandoned by Ba��cawer,or if Borrvwer faits t�respond to Lender within 30 days irom:tis date
<br /> t ' nmtice is mai►e�S by Q.ende�to Boaower that the insurance carrier ofle�s ta�settle a ctaim for insurancE�2^efits,L�ender is
<br /> es
<br /> • ;� ' ; authaAZed to caitect�nd ap ply�the insurance pcoceedsat�endei s option either to restoration or repa r��'^p ArGae.ry or to ,
<br /> } the s.�ms secure0 by'th+s DeeCr et�Trust.
<br /> �a tSr.!ess Lenderand BorrCwe?-c�'�e►wiaeagree in writing,a.^.y suchepplication of proceedsto pri�cipaf s:�a:1 n�t�xt�^'dor .
<br /> , "4 ' � pa s�scr+e the due Qale of trie�a-�ly instaltments refene6 t�cn paragraphs 1 and 2 hereot or change 4re amount�t 5uch , . .
<br /> �s ( instaitmenb.lf u���r pa�agra��^?�ftereot 1he Properly is acquir g by Lender,gall righ6 titt��ivnterest o�9arrower in andto �` ,
<br /> a anyinsurancepo?izsesandma�:�totheproceCCSthereofresultin fromdama etothePro riorto�+.`�sateoracquiaition
<br /> ','�:; ,, _ s h a l l p e i s s t o L e n d�f o t h e e�nt o1 tho sur•xs secured by this Oeed of T�ust�mmediately prior to suct+x:e or acquisition.
<br /> , ,1..,. 6. Pr�+raYo�and Msinl�nane�a1 Propee�lY.Ltaf�hotds:Condominlum�:Ptsnn�d tJn110�vNoa�r�ls-Borrower sha11 . . ,
<br /> keep the PropeRy in good re�a�r and�hall nct wmmlt waste or pe�mit impairment ot deterioration oi the Property ar.a 5�all
<br /> compl�withtheprovislonsofa^g'EasetHhisOeedofTrustisonaleasahofl.HthisDeedotTrustisoneunitinacondar.rrr+:J�n ,
<br /> ��� or apanned unit devatopmertt 6�crrowet shall perfarm all of Borrower's obtigations urder the declaration or cc.�r.:?.�ts
<br /> . creating or goveming the con6c:r.ic;�m or�ra�rned unit devetopmeni,the by-taws and regulations ot the condo�s►in�a�or ��
<br /> j� ptanned unit developmenL and ccrshtuer.t�^.Ci;�^ents.ft a Condomimum or planned umt development�ider i9 excutetl Dy
<br /> �'•'' � Borrower and recorded together wdb this Gee�ic��r3s.the covenants and agreements oi such rider shall be incorporated
<br /> into and shall amend and supptement the ccLer�a��s5:���agreements of this Oeed ot Trust as If the�ider were a paA hereof.
<br /> � �,pr�Neyonol�,�ndu'�g�cw4ly,I}Borrowe►`a��stv�rt.ormihecavenantsandagreementscontainedinthlsDeedof
<br /> � � Tru�1.or it eny acNon or proceeding is commenced w�f ra's:r,a�ty aHects Lender's interes!in the Property.inctudingt-.it not
<br /> j;, limitedto.eminentdOmaln.lnsowenCy.cbdeenfatCement brsrrangements or proceedirtg�invotvingabankruptard�v9ent �
<br /> r�• then Lender a!Lenders optio�.upon notice to Borrower,may make suGh appvarances,disburse such sums an0 t��:q sscb
<br /> �;' ' aeUonasisneces�rytoprotectLender'sinteresf.including butnoll�mitedto.disbursementofreasonabteattorneysfee�and
<br /> :�� , entryuponthePropertytomakerepairs.ltlenderrequiredmortgayeinsuranceasaconditionolmak�r.gthe�oansecuredby
<br /> the DeeO of TrusL Borrower shall pay th@ premwms►equired lo maintain such�n9urance in eftect until such time a9 the
<br /> � requirementfo►suChinsuranceterminetasinaccordancew�thBOrrowersandlenderswritten8gieementorapplicalbelaw.
<br /> � , 8pr�pwer aha11 pay tha amoun!Of atl moRgage insu►ance permiums in the manner prov�Qed under paragraph 2 hereof.
<br /> 4 Any amount� disbursed by Lender pur�uant to thls Varagraph �. w�th �nlerest theteon, sha�� become add�t�on�1
<br /> indebfednessof8orrowersecuredbylhl9DeedofTrustUnless8orroworandlenderagreetoothertermsof payment,such
<br /> '.i amounta ahall be payable upon notice trom Lender to Barrower request�ng payment hereof,and shatl bear interestirom the
<br /> ` dat8otdi�bursem9nt8tiheratepayablefromNmetoNmeonoutstandingpr+naapalurulerthel5toteunlesspaymenlolinteresY .
<br /> j � ; a!sueh rate woutd be eontrary toapp Iicable law,in wh�ch event suCh amounts shall bear interest at the highesl rate
<br /> permissibteunderapplicabtelaw.Noth(ng contained inthis paragraph7 shall reqwre Lender to incur any expenseortakeany
<br /> ' '•; acHOn hereunder. � •
<br /> �, �mp�eflon.Lender may make or cause to 6e made reasonab�e entries upon and�nspect�ons of the Property.prov�ded
<br /> thSt LendershallgiveBorrower not�cepiior toany sach inspect�ort spec�ty�ngreasonablecausetheretorerelatedto Lender's
<br /> � , interest ln the PropeAy.
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