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<br /> ' 100363 06/28��.996 �
<br /> .� �r siaxcfma �.*+ron�a � sR.�c�a �'r ���.��� �.-
<br /> Ut�IFBPti�7 COV @NAt�'i�. Barrc►�.�r and t��t covenant and�ree as f�lio v� dur t�_ �►timcip3l and 'e�t =�:.-,
<br /> l. P s g m e�t o t i+�'t n c t�a� e� ��• Borrc�w�r siiall p mm�tlY p�Y �-�.
<br /> cl�es�s pmvidect in thQ Note. ��--_-
<br />� ia�:�te�ne�e+�tde�d by e�.�Alnre a�las: �-=
<br /> ' Z.�u�f�or'['aaes a3d Ert�arx�ce• Subj�s tu apglica4ie taw or a wtitten waiver hy Lenai�r.Bairotiver si�a3!pay m �.;�_
<br /> xa �
<br /> lxtxS,Er an tue day manthtY PaYs�►�s of pt�nci�l am°nterest are payabl��dee the Note.esntil the Nate is pi.d in fuil.a �-�_�
<br /> 6�'_�-:.
<br />,> sum lbeceia 'Fuads')equ�to c�sse�t���elfth of dt�yearlY tax�and as,�smeuts firsluding umc4�nuneum aail pism�.d w�it �
<br /> ta
<br />' develaplrieIIt��ess[menis. if any)�YiQicG maY atta�n Rnarify over this tJeed af Trwt.ansl�m�unil[eteis�n thE Pta�rtY•if I'`"=A'
<br /> atta�
<br /> asy.plus ane-twelRt�uf ye�sh►�Srea�ium insa[imems fo�h�ar�1 ia.nu�a�e.paus o�-h�relfti�of yeacly piemiiun ir�tatlm.�is Pta':�
<br /> a� fcom ame m niue by Leus4ar on daE 6asis of �-
<br /> fnr �ortgug��nsvru�ce. it aay.�t� as�n�ty e�mued �ntaduy s.,:�
<br /> a�a u d b i l i s a i d r�snble�stiantes�reaf. Borrawer sI�al1 nnt be ahli�xs�d to m�3ce sus6 paymEats of FuaRs �,�
<br /> -- tu Ixndez to tIte eat�nt thae Barfnu�er maEces s,uh paYmen�s to the t�2�er of a�r�n•aHtg�e gr d c�d o g m�i f r a c s�h a l d a =—
<br /> swle-
<br /> IS ilIl�AIY�IttIi04d��1�ii. - __
<br /> 4d
<br /> 1@�Bon-mvEe Pays Fia�ds to Lx�v. t�ie Funds sinU be hetd in an ic�turion the�s�ts or aocounis of v,r�-.�Ic�are ��_ -
<br /> itt�w�d ar gw�nt�d by a Fet4a�1 a�r st�e age�Y f��►g��if 1�2er is�an i�dtutian). Le�3�r�11 app1Y
<br /> , �
<br /> t1�e Fund�to PaY sa��tax�.a�°n�.imwara:e P�auums and�r+nu�rl¢ents.Leader may uot dizsg�for eo ha2�ing
<br /> � r- said 2sse�euts aud W15. wiless Lesz�zc LaaYs r-_,�
<br /> �pgiyin�}tite Fu�.2nzS3riw,g s3id acoaumt or venf�tiag t��p�13
<br /> s:
<br /> Qnn-�a�t intere,st on thz Feux�and�licabte taw per�ics I.:�der to mase sush a c6a�e.Baicuv�z antl l��Y a�� �""--
<br /> in vrittiag ut the i�e of e:�iva af rbis IIe�d of'£cs��t�rit icre�s an th�Fuvds s3hzll be pud ta Bnn���i�� w,�__
<br /> `! s�g�t is mxde or applicab42 i�w re�Laar�s��T'��to be paid. Ix�er s�aA �r��ingaf r&x Fun� . �•':,
<br /> any iatierrst ar earuin�an the Fu�s. E.�����m�oitawer.widtoat ct�ug . _
<br />.`��r' shawing crecfs�s and de�iES m the�ands�t�ir�for which each debit ro the Fu�Ss vras nrule- 'i�e Funds ac�a _
<br /> �` for tue su����Deed af Tcnst. ,,.T_
<br /> :...� Fledgefl as�dditta�al sea:siry !e dor ta ..�_.
<br /> If the an�unt of ti�e F�s detd try txader.ta�r with�he futute muusl�lY�nstatl�af Funds giY�b p -
<br /> ,"%� the due dztes of taaes.asses�n�.igsCtawce preniva�anc!B�►usd tents.sGail eaceed the a��t�'`,�r�n paY �id �r`
<br /> da c�is as th.°y fall due. such eacess�a4i 8��i�av�.ar'§aptian.
<br /> `fs;s tua. ase�meds. insura�e PreafiunTS and grnum of Funds. �E�a���of tII�e Funds
<br /> :�:° either PmmPttY r�Q�d C°t�amn•res csr ce�dite�ta Bo�vrer om m�athlY iustaltments ---
<br /> ���:.,e,.r:,�rp prPmnt c 2i1��11II�QEn."�'+85(u�.."y �[ZUC. �.iCt,=
<br /> beld by Leader s�ll uat Q�t s�a�co pry aaxes. :�.y a�a 9�sler nny �;.,`-
<br /> w m�lce up t�deftsieu�.y iu oae os�ae paym� v�c��s
<br /> : Bama�rer shaU p�y ro i.�nde:r ang annunt noce.ssu7► `�`=--.
<br /> �r"�y' �[�• re�to 8o�rmve�any Funds -�.�:
<br />';,�'.� �n tnll of aU suu�sec�xd b1►�his Dced of Tmst.Lender shall pramptiy .r..��
<br />,.�R,� UWa WY�m� 17 he'reof the P[+apettY is solt1 oY ttr2 Prape[ty'is alheiwit�e�qu��bY��T•�� f,.
<br /> ���,F detd by l�ndei.If under� f OI lffi 2CQ111SIUOD Ii�i 1.CDi{�I.anY Funfl�heSd by ��?'.
<br /> ;�* sball�pply.u�iater tl�am im�ne�teiY Pr�or m die ffiie o the Pmpert7►
<br /> t3��s secvred by this Dee+d of 7Y�t. �'
<br /> ;i f: �er at ti�e teare of a�Nc�ion as a credit� . �y�dy��r the —_.
<br /> '.''`��+`�`� 3, �a��'Itr9rnoa�e- U°te�W�'PEiaDi`r.e l�t+�v paavid�s ott�vvise.a11 P�Yn� _
<br /> -- � 1 anct Z h�eaFs�'iai3 6e apPl�d�3 3xndet 6cst is►pay�ent ofa�o�ts I�a��te to Lez'�r►bg Bore+a�stY �_,.
<br /> 1Vate etld para8r�s te etz S�e Note.s�d.tlre�to ths psi�'�t aa 49ire?�kt�.
<br /> _=_ - an$er pu��Z I��f.thta to i��}y� �..'
<br /> -;:�• t 4.plrlac Aio�t�cs snd�af Tcu�;�t m��•`•Ha[c�t►v"t's�7stigr3ia�s;
<br /> Ue6s.Barmvaer sSralC��at��
<br /> viitb a lien ce�Siefr.?rz��3rii�'Y avtK dils E1�9 af Tnut, _f�:
<br /> - . under aulf m��8�•�of hu�or otLe�se�.,m�� ca�ea�:i�fs� all traes,a� ���r
<br /> h'�
<br />''?' ' irsctudin8 Sarmarzr's caveuams w m�1.y�}-sue��''.�n dae.Borm�xer s6aU p�y P� _
<br /> :;:aF� aad ather chuge.s.�S wd ln�o�acsms ac��bie to the Pmparay wbisb may ursiu a�+xnit��we�chie D�a!of Trusa. _
<br /> � ��d Ie�ltntd paYments aT Scon�d Eeats.aff any. � ments aow exisduS or he�.rf�erestefl on.�Ite PtffA�ttY
<br /> . S.fL�rB I�ut'�ce. Borm�ver sh�ll ic�t sx�empmve ��'��
<br /> Qncared against t�s b9 5re.[�uards tncluded witbirx'�e term'exten�d caveta�e',aad s►u1�Wic�I�a�Es�s Leadez m�Y _
<br /> � cequire and in sucl�amunnts am fot strcd�petio�Ys ss�'oder maY�e4���wer sub,�act to�t+nva�l Uy�:Ptmtide0• �-
<br /> � 7lus tcs�+ee wrrier�mvidnn8 dte it�aoe slni�be cho�bY _-
<br /> thu sa�h$POm�s�1�mt be����y ��thiieZd. All im�i�nnce Pnliciss�nd n�ew�1':�•��nf�3�be ia a faea� '
<br /> . . a�oceptab�w 1s�er anc��11 i�t�e a stwd�rd����e in 6var of aa��n a fa�$�..�1e rni EeaCier. Lea�r �,;`
<br /> llci�and rernwa�d�ereof.subject to the te�of s�ny��,St�•�ict�ctcx or otht�
<br /> � s5�ll 6zve tY�e rigt�t W�L�e Po �-u.
<br /> ' sesariry agRe�en wittt y 4�zn w5ict�l�c prtority nver this Dee�of Tmst. .�
<br /> � tn tt�e areat af Wss:Ba�mwz��ta11 give pmtc�t��to tt�e iassuaase�rxrtie¢aa�f�,�atdGt.Lc�et�ay m.�ce pt�f � ,� .
<br /> af ioss if na m�de proaipdY hY��T• _.
<br /> . If t6e PtopertY is a1u�8onera by Bomiwee.or if Bnmawer faits to res�and tn i.eus�'vnv�hln 3U days frum thc da�c —
<br /> ootico is m�iial by Ireader to Bonowe�tf�at th�imvraffie cazrier offeis m senle a citim[ur im�uaaoe beoclitfl.Lentier is =
<br /> �-. ay�rized m collect aud appty dje iaSUiacre Piooeeds at i.ender's opdon either u�restar�ion or cep�r of ths PmPgat7►o= _-
<br /> .�:��- —
<br /> ,.,;;�:�:; m thc sa�secured by tLis Deed of Tn�st. Ca�domit�m� P� Uc�tt.Oe►¢4apmc�• —
<br />.:;5:`��' i. p�los aad Ma�� �9t �% nt ar de�eliotation ofthe =
<br /> gonuwrr st�ll fcoep t6e 8copert9 in P,�uod c�ir ud sL�ll mt comat�t w�te ar permit im�. _
<br /> . Ft+npelty and sbiadl com�f 1 with ti�e p�uvisioas of a�►Irase if tltis Deed of Ttp�t is�of B�otm ctrs obli��anc�et the =.
<br /> aa a unit in a canOomist3um or a gi�u�onit deveYapmr�.Bamnwer s1�a11 pe�t�� 8 --
<br /> . d�nn or covP�s creati�o8 or��S�condominium or Ptumed atut d�veiapmenl.the by-t�ar�w��egatndon�
<br /> �' of die sacxi�mi�am ar Qi:a�d uidt developmem.and ca�tituerrz dncum�ats.
<br /> 7. Yi+atett'�on ot l.mda'e Se�7� if Botm�rrer f�iLs W perf�rtm the c4venu►4s and:�aePm.:ats w�ined "an this
<br /> taeed of Trast.or if a�r se¢ion ar praceeding is coruu�ure��hicb mateeiallY at�Le�'i'�.`��t in the��Y•� _
<br /> "� Lender. u lender's apdon. upun mdcC ta &►irawer. may make sucb apDea�r�es• �esbu»e sncb s+m�s. i��1�S _
<br /> � �am6/e attorneys' fees. �take sur:h a�ioa as is necessup u�Pcotect Lender s Int�rcr:s'.If I.cud�req�u�.•d rt�Ee =
<br /> intivrairx�a condidan of mahin tl�,°lo9n s�►�d tiY this Dced of 7'n�s.Bomuwer si�all�ay the ptemluffi tequired to
<br /> � nt far sach on�v�se cemun;e�;nn ecc�tdu�Q w�tv ,
<br /> m�intasn sucb inrnmnrP in effect undl susb dme as the re�uireme
<br /> Dn�ow�t's und 3.ea4er's written agiee�cnt or a,ppltcah9e lnw. �
<br /> . .. My amounts disl�msPd bl► le�les Pusu�tu this papa�aph 7.with interest thereon.at the Not�rate.siull i►xonje
<br /> adriitiaaal inde�tefleess af Bot�ower secvrcd by th�is Deed of 7'mst. Untsss 6ortmti�r ansf Len�e�t agce ta othet terms of
<br /> ; . p�yrmeat. suc6 amaunts s,t�all be payable �on aotice frum icnder to Bmfoiver nequssdag pay�nt tLereof. Nothing .
<br /> �ut�ioed in this aazagraPh 7 shall mquin I.eudet to i�ar anY e�et�e ar t�ice tuy�cdon 6:Qeum3e9'.
<br /> � � Lender may m�ice or c�use to be m�de reyv��b2�emries up�antl i�tio�rs of the PcapertY.
<br /> S• I�0°' n ceas+ombl:c�ause the�efir related to
<br /> � .� Q�{���lt�ee s1�11 give Bomm-er ar�Fce prior to any such enspe�:dua s�ifyi g
<br /> 1,QB(��'s illICieSt iD tBC�cuj�Ltiiji.
<br /> . ttd+tatta 268t62 Sl43 �9�a1«COtBodl COyy(BlBnCh) COpy�CI3040��51 P4,"o 2 of S
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