|
.: ..,; .. .. .. . . . , . . . ,t_
<br /> . . �--- �= _ ' � `:�f.
<br /> :.f�:.::
<br /> - . -�::�:f
<br /> �. . . g�- i0�.�l3 .,.•:�-:
<br /> .�,.�
<br /> �• UNIFOAM COvENA�iTS. Bonower and Lendar coeenant end agree as foltows: �:ti�{`_",
<br /> ' �, FaymflnY o4 PdnCtpal ond IMeralt. Borcower shall psomptty pay whsn due the principa!oi and i�terest on tha , .
<br /> lsideSteQnass evidanced b�the Ntate,prepayment end late eharges as ptovided in the Nota.and the principal ot and interest _
<br /> on�ny Future Advances secured by tha Deed o(T�usL y
<br /> � ' 2, Funds tor Taaes snd[nsur^cs.oSub�e�e��nd inte est are pay ble under the No By until�the(�ote'ss pa d inf uli�a
<br /> � n the da month ir�stallme t p D � h may attain priority over this Qeed ot �-`•4s,2:`'
<br /> t,er.det o . Y
<br /> Trust,end graund rents orstthe Propertyhit anyBptu�s�ane-tv etttrh ot yearly erem um instatiments far hazard insurance.ptuS `��'�'�`
<br /> ,�` �,' on�tvrettth of yEarty prem`,um instatimenta lor morcgage insurance, if ar�e BSP meies tner�eol�t�mated initiauy and trom time ` �
<br /> .����`� to time bY Lender oa the basis oi assessments and b'lls and reasonobt�
<br />�.�'" " The Funds shatl 6e h�td in an institution tha deposits or accounts ot which F►re insured or guaronteed.by Federal or state _
<br /> - aflency(incfuding Lender i(lender is such an institution). Lender Shait app►y the;��d the Funds,�anaiyz ng sa�a coant i1
<br />_ ___ ����af�y��an�qrt�!renis. Lendet may not charge tnr so holdu�g and app Y 9 � �_;_,
<br /> � � or verilying and campi►ing sa�d assessments and b�lis.�nless Lender pays Banower interest on the Funds ar�d appticab�e�aw �^' `
<br /> ' permits Lender to make such a charge. Borrawer and Lender maY agree in v+rriting at the time of execution of this Oeed of __
<br /> Tnis:that interest on the Funds shalt te Paid to Borrower,and un!ess surh ogreement is mado or applicabte law requires such �.�,-.:..,-,
<br /> interes[to b8paid,l.ender shall not be�equired t�Ray Borrower any interest or earnings on ifie Funds. Le�der shalt give to
<br /> Borcower,withaut charge,an annual account�n o1 the FwiOs showing creflits and dehits to the Funds and the purpose tor ��;:�,y�
<br /> which each dehit to the Wnds was rnade. T'he�unds are pledged as addrtionaf security far the sums secuted by tti�s Deed r,,���_
<br /> � . 01 Trust. ��
<br /> � It th@ amnurrt o�the(unds held by Lendsr.together with the future monthly instailments of Funds payable prior to the .�•,_��'_
<br /> `'%'' d•as dates at tezes.asse�nc�ts,insurance premoums and graund renta.shap exceed the amount�equirod to pay sasd taxes, �v__-__
<br /> �� assessment�.�nsvranea�semiuins and ground rents as they fatl due,such excess sheA be,at Borcowe�s option,either r`���
<br /> . .�;s�,;� promptty r�Ir�rt:co Bortower or c�ed'�ted to Borrower on montt�ly insta!lrnents ot Furtds. lf the amount of the funds held bY ����,
<br /> ,:5 e? Lender shat!e�c be suNfcient to pay taxesL assessments,insurance premiums and ground rents as they fatl due,Borrower
<br /> '�� �:aU pay to Lender anY amwnt necessary to make up the deficienclr within 30 days from the date notice is mpilyd by Lender ��._°,-�
<br /> ��_
<br /> ;;�Sortower requssting payment thereof. �nder sho{I ptamptiy,refund to Borrowat nm,�Fu:nds hekl �_,.._.
<br /> � ' Upon payment in tull ot ail svms seared bY this Deed of Trust, __
<br /> '� ,3i ry f�nder. If undet paragraph 18 hereof the Property is aold or the Property is othar.w�se acquired by Lender,Lx�der shatt �`
<br /> � � �° app�y.no tater than immediatefy prior to the sa{o oi the PtopeRy or its acRv�=�tie�n oy Lender,and Funds heid by Lender ai �,�=
<br />' the time of¢��tication as a cradit agamst the sums secured by this Deed of Trtcst. _
<br /> � 3. A of Payments• Unless eDp.�icable law pravides otherw�se,ail payr•rants received by lender under the Not�
<br /> and paragr"�and 2 hereof shall be appfied by Lende�first in payment.of ammsn'ts payabte to Lender by Borrower under
<br /> paragraph 2 t�zreof,then to inieres[payabte on the Note,then to the princ�pal of the Note,and then to interest and principa# �
<br /> on arry Future Advances.
<br /> 4. Chsrgas;Uens. Borrawers shall pay a11 taxes,assessments and other chs�rges,��nes end impasitions att�ibutable to
<br /> � the prpperty wiiich may attain a prioritl►aver this Qeed of Tru.�t,and leasehoT��ayments or ground rents,If any�n�t,th`y
<br /> ..�;,���,'�,�. maiv�P.r prov:ded under paragraph 2 heceat a�,it not paid in such manner.by Boaovver making payment,when due, . '
<br /> ..•,.,; - to the payee the�eof. Banower shai!promptty fumish to Lender all nottaes of amaunts due under tti�s paragraph,and in the .
<br /> ..;;�,�• event Banower shatf make payment directly. Bprrower shail premptty Eumish to Lendet recei0ts a�'�dencing such payments. _
<br /> �
<br /> �.,:;,ti�y� �?orrowes shatl promptiy discharge any lien which has priority over thrs Oeed ot Trust;provided;that Borrower shati not be
<br /> �-,,:�;,, r.�quited to diSCha�ge ariy such lien so long as Borrower shatl agree in writing to xtee paymecaT af the obli�atian secured by •
<br /> '��-:••Y F �:ch lien in a mar►ner acceptabte to Lende�,or shall in good fa�th cflntest such lisn by,or deie�d enforcement of such lien -_
<br /> :,�:�j��t �c�,l !pcacc�ediny�s which operate to prevent the enforeement nt the lien or forfsiture ot the PrapEttY or any paR therPAf. � ,
<br /> ..;,,�,�AY �p{��co. Boaower shall keep the improvementa now ax�sting or hereatter ecet�tsd on the PropertV insured ��
<br /> ��"}Y'��� against tfls:a t:�:Sra,hazards inctuded within tha te�m'extended co-����ayp".�nd such other hagards as Lender may requu� •
<br /> ° and in suc�t�rnts and for such periods as Lender may requira;prn�t•�dte�.th�t l.ender shall not require that the amount np
<br /> `` such covecage exceed that amoun4 of covorage required to peY thE+�ssrnF sec�►red by this Deed ot Tnist. _
<br /> � ;� This tnsurance carriEr Prnviding the insv�Ance shsil be chosen by Bonower sufa��et to appraval by Lender;provFded,that �:�
<br /> ,,, ,: nich approval si►atl not be unreasonabty witfihetd. Atl premivms on insurar�co paLa�as•sT�atl be paid in ths manner provided �
<br /> ., i
<br /> under paragraph 2 hereot oc,if rtot pF��d in suc�mannu. pY Bprrotiver mak�ng pa}mont,wh�n due,diractly to ths insurance
<br /> •��^�;��fii; carrier. �.._
<br /> ,,t,,4 rv,j„�:
<br /> .;,.ifi,,�,�� All iruvrance policies ata�i re�owats thereof shall be in form acce�tubla to Lender and shall'Irrohtd0�o standatd moRgage -��
<br /> ���•;�5;�, c4ause in tavor of and in tortn pcceptabte to Lender. Lender shall have the right to hold the p�taxias and cenewats thereof, � .....
<br /> an3 Borrower shatl prannpcty turni�h to Lender aQ renewal notices and all receipts ot paid premiums. In the event ot toss.
<br /> ra'nnower sha11 flive prompi noiiae to the insurance carrier end Lender. Lender may make proo}01 loss if not maQe pramptCy
<br /> "�y BOnOwet.
<br /> Unle:s l.Gndes end Bnrrower otherwise egree in writing,insurance roceeds shall be applied to restoration or repair o1
<br /> the Pro�R.mj��mag2d,provide0 suCh restoration ur repair is ecortomical�r.feasible en0 the seCUrity ot this Deed ot Yrust is �°
<br /> �,� �'s,� not tF��:�����':L^•2ired. II such restoration or repair is not economically(eas�6te or if the security of this Oeed of Trutt woutd
<br /> ��tl,'�Y�•�,� � li y p2id
<br />• .;;��► f,:;,�, be imp�:.d�.a�ag Insu►ance Oroceeds shatl be app ed to the sums secuse0 Oy this Deed of Trust,with the excess,if an , --
<br /> �:�':lr to Borrow.er. S�the Property is abendoned by Borrower,or i{Borroerer tails to respond to lender withln 30 days rrom tt�
<br /> ' � •`'�'�� da;o notice is mal�ed by Lender to 8orrower that the insurance cattier oilers to settte e claim tor insurance benefits,Lender .
<br /> � is audhoirzed M coflect$nG appIY the insurance proceeds at LenQers option eithQr to restoration or rapair of the Property or � ..-.
<br /> �1''
<br /> • � � to ths:sums secure���;.�rt�s�per,4 aY Trust. -
<br /> �' ' Ur�ass t,ender an;:�urrorvrn dlherwise agree in writing,ony such apptict►tio:cf proceeds to principal shall not extend; .
<br /> rd
<br /> k �'' or postpor��n~�dua�tta�t tha monihty instatlments reterrod to in paragraphs 18"�,�hthtitl0 8r,�d�c'ir�'�aost of 20 ower in e�.
<br /> `cl���;` installmer�.NCi 4i u�?ex p¢'n ieph 18 hereof the Property is acquired by Lender. ,
<br /> to eny insvrs:�te p4:����and in and to the proceeds thereof resutting trom dama�e to thc(�rn�eRy pdor to the sa10 cr
<br /> f
<br /> �� ocquisition sha�l pass r.a Lertder to the extent of the sums secured by tliis Deed ot rust imR�atety prlor to suc sa e ot �
<br /> �,``�"•�. acquisition. Condamtntums;P:�.�ned Unft Devetopmenb. Eorrower sria0 ��`�
<br /> ' 8. presenrnttod ensf theintennnce of Propeny:La�hotdr,
<br /> ;;;, k e e p t h e Pr�p�rty m good rapair and shall not commit waste or permit impairmer.3 ot deterioration of the Property and ahafl _
<br /> ;';�{,;;�„. compty����a 3��t he provistons of eny lease it this Oee d o f Tru s t Is on a l e a s e h a t 4. I f t h i s D e e d o f T ro s t i s o n o u n i t i n a =
<br /> .�:;,T��;I�.<1,,; candorn�nn�m or a planned unic deve�opmen4.Borrower shall pertcrrn ell of BorrowePs obtipations unde�the dectaration��
<br /> • aovenantE creating or goverNng t he c o n d o m i n i u m o r p t a n n e d r l r t d e v e t o p r n e n t, t h e b y-t a w s e n d r e g ut a ti ons ot thd �
<br />'� ,..��,' �� condominium or planned unit deveiopment,snd constituent documents. If a cort�aminium or planned unit devetapment riQer
<br /> � is oxeouted by Bono�v9tand rewrded toQether with this Deed uf Trust.tha cc���nants and egreements of such rlder shall �. :
<br /> '` � be incorporateG,ntn s.�at�tl amend and supDtement ths covenants and agreomec�r.�a f t hls Reed ol Trust as if the�lder wcre
<br /> �'�;�"i�! a part her@ot, —°-�
<br /> .;:�.•,.�,��
<br /> �•�'��s1`r 7.'��tuetlss�of tender's Socurity. If Eiurrower latts to pertorrn the covenants and agreements wntatnod tn t ts
<br />�.r�,r1�U�;�'^1l� of T�u�a.�,aT ii nrty nction or proeeefing i�commenced whtch matEF.�Ity aifects Lender's�ntErc�t in tha Property,lnc(udin�, �-�x:
<br /> '������:. • but ncr.6m►4pd tu,um'��ent domain, ins•atvency,code.entorcement,a�arrangements or proce�fn,s invotving a bankrupt cs
<br /> deCeQers.t7►�,�Len4�{al lEndoPs option, uDon noti�to Borrowe;,n'►ay make such appear6r.v�.disburse such sums an0
<br /> tAk9 suoh aetion aV Is ne¢�saary to protect lendw'3 interest,+r.cluding,but r,ot UmiteO to, disbursemert�! reasonabfe --
<br /> � !. attome��'s 4e°s and er1tN�ulu�se�tho Property to make re���•;rs. It Lender requ�red rrcnregago lnsurance as a ean6itioc►ot making �;, __
<br /> • � .��,! the taan s.^.a�led by the Deed al7rust Borrower shal!pay the pre!��sms requ�reC to mamtain such insur2.tc��,�elfect until �=�s� -
<br /> such tir.���sths requ�rement for such�nsuQance terminato�in acrrrr;ance w�th Borrowers en?tendePs wrPCten agreem�r �:.�_:`..
<br /> �� or apptnpQ�t�taw. Borrower shall pay the amount of aU mort�,s;a insurance premiums in s.ho manner provided urtdas
<br /> -• paragra��2 hereol. �,
<br /> Any amounts disbursed by Lender pursuant to this parugraph 7, with interest thEreon, shall become addiHonaf U}.!��
<br /> � indebtetlr�ss ot Bonower secured by this Dced ot Tnut. Untess Borrower and Lender aqree to other terms ot payment,st�.".h �. •;
<br /> � smaunts sha0 be payable upon notice trom Lender to Borrower repuesting.payment hereol,and shatl bear inierest lrom the ;:
<br /> � dato o!disbursement'at the rate payable trom time to time on outstanding�nncipat under the Note urtless payment ot interest
<br /> � at such rate woutd be cantrary to applicaDle taw,in which ovent such amounts shaU be2a interest at tha highest r�ts L� -'-�
<br /> ' perm)ssi�'�under applicellte law. Nothiiig containod in this paragreph 7 shaQ requlre Lender,to inew arty exfl0nse or t��k� � :;.-
<br /> any oction hereunder. "'�w
<br /> � � 8. tnspeettoc►. Lender may make or cause to be made reasonable en4ries upon ond inspections of the Proasrty,provided ____
<br /> � � that Lender shatl g�ve Borcower notice prior to any such inspection specifying reasonable couse therefore retatr.0 to LenAer's �_--:
<br /> interCSt in tha ProDerty. -"--`
<br /> � 9. Condamnotion. The praceeds of ony awerd or claim for damages,direct or consequsntialf in connection with any �y •_
<br /> � �• � condemnation or other taking of ths Property,or part thereot,ar for conveyance in lieu of condemnat�on,are hereby assigned �_
<br /> �_=:i;�`_':?ir,� and shall be paid ta lender.
<br /> • •i`�•,��'��i- _
<br /> . cc�oa��a�ss� 2 '
<br /> .31�;�- . . � ` . � . . : .;, . . : � , • - . , ' . . �. � . , ' ., .. ,
<br /> .�F•�� .. . +•.,titti? t... .�, .. . • � .. . ' ' . ._ . .� , . , . " , • u � • • : . .
<br /> h
<br />
|