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<br /> � Borr6crer wveaanm t5at �ar�awer is 1awfl�Uy seise�of the es��e hereby canveyed rsnd has ttw riIIht m grant sud coavey �.
<br />����- the Praperty.and that tae�ro�eicy ts uaaicumbared. except for encum4rances of record. H�rrower sovena�d�as�onower �..-,_
<br /> � aiast all c1�Las and deman�.sub}3ct ro encumbra.uces of record. 'g''�`
<br />;;`�`;, wasrents aad wiilQefend ener3ltythe tItte to thc Pro�ertY 88
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<br /> -� tJNlFORM C�fV-'r.�itU�i'T�. $omzwet a4d L�a.rr ¢acr.naa��d�gsee as follow�: _
<br /> ' l. S?a�ent olpeincipa!�ud��eres3. Doreowzt shafl Prixs�+�Y-Pa�crhen due the prlcecipal and inter�t inde5tednP�s
<br /> S�{_
<br /> .�;'��' evid:iS����.'�]B NOtC eBd 1�ffi flffit$C3 a'S pYOVCdEd m diC NOS�.
<br /> �:;
<br />-�`''' 2. �'tm�fa�Taa�ss sac!Ha�sance. Subject m appfi::�'r�i�r uz �wrltten waiver by d.eades.Boaoever s6a11 p�y to �_'-,
<br /> LeuB:r oa tna d�y moatlily PsYmnts of principal and inurest�e pzstit�ste under t1u Nflte.uatil the 1�Iote is FaId in fnll.u sum �
<br /> r '° (herein °Fl�ads') equ�l to on_-taeli�u of th: yeariy � asv3 �s�s..zrnts (instus�iqg condominium and p2anued unit 6�
<br /> �� • ' development as5essments.[f uay)wtaicb may att�in peioziry oves thlt�af Tzcut.an�grmund tents on the Property,if any. � �?`
<br /> '' plus ane-m�e1Rh of yeariy pre�iam installments for h^�ud i�m.�r:a. p[us o�-twalftit of y�uly�remium installmznts for
<br /> .�<..
<br />�°%� �artgage insusance. if an3+•aEi as re.°o�b�+estima�d initi�ll)�az�l.ft�u►tim�to rim: t+y f.tar'.rta o:� the basis of asses.ssn$ms _��_
<br /> `� and billsand reasonabie estimates thereoL $orcoazr s�all not b:oi►1i• to ma� sits,6{r,��tmr�ts of Funds w Lender w �
<br /> . tha extsnt t�at Borrower niaYes a:sh paymeats to th. Mtd:r of a Qnoramrrt�x ar dv�af�.M '��ch bvider is an �'�_-:
<br /> � � iastimt�oml Iender.
<br /> ''J:� If Botrowet pays Fhads w Le�der.the Fands sh�l1 be h:ld in�a insaturian th:dr�sist Qrt 2ccnunts of��hi�h are insuced �'•"'
<br />,..
<br /> ar guu�s�5ce� by a Fedesal or state agency('mc[¢ding Leath.r if��tr is sucH rst inscimtisnl.. Lea.der sh�ll agpiy tfle Fnuds ���
<br /> W PaY said mass,asses,me�ls. *nrnrana�premiums and g[o�1M�YGtSti. Lend�r m�y n�t cl•ata�a f�rc ao flo!dsmg aad aFplyisig che
<br /> �unds.aull3rz'sug said ascount or verlfytngand compiling saicl as�m:n�s an,i bittt�unl�ss�.t��r pays Bo3rvwer i�erest oct ���•
<br /> , M: S
<br /> ' � Pu�s and applicable law petmirs Lender to m2ke sush a cS�arge. Boreo�v�r�LerrJts an�y a�ree in wiiffig at the time
<br /> �,'� of eae�c�atinn �f iui�Deed of'.��ust tHat intenst on e6e i'and�sl�sll 6x p�ial to Bozrov��rr,asr3 anSess snc6 agreeme�is maste �.:.�
<br />`i'';i:: ar app33trt�la�+reqnirea sucta iaterest w b:paid,Y.ender shall n�t be reguiied to pzy Btrtrmlrs a�y iaterest or eamings oa e:.
<br /> , ,.�• drP�tW�ft. 3x�er shafl give to Bnsrmsrs.�vitLnat cIearge,xn untrael �s.s�ating og tb�3�p»trt�shossnag credns aad debits to ----
<br /> ths Fant�and t�putpose far wh'srb eas4�debit tn tt� E�nds n7s mzdv. 1Ux�un� zrc ptt��d as addiaonal securin'for
<br /> t�suuxs�ecured by this D�of'i`dv.n. _
<br /> ec
<br /> � tf 4ha ameant of ths Fnn�s hetd by l.endir,st�t.�t�'t with th:fumrc mtmtUnt m�tlmg��uf Fi�r1x Zar�n,ial,:psior to tha
<br /> : . daa d�of taxes,a�e�►nts,insurance premiums aBd�rcats,�hc�l��tln amflnnt re�u�.tco pay said mxes, ^
<br />"'r;�• x�.insaranse premiurns a��g��s as t�ey f�ldfna.s�ch escessshali.b>.zt�Hcrm�rrer's opuon,eith�r Pras�pitY
<br /> repx�i tn i�7orroara ar rcedited m�crsmC:er on mo�hlp in3mTi�aesris of Fvnds- ILtIre 2mmtm,of ihe Fnnds 6e2d by UPn3u .- .
<br /> simll�t be snffcie�to pay rnaas,at�sm.ents. insur'a�e Psc�ni�ms ��apn2�enss�rPuby fa11 dus, Boxrower sf�sdf pay _
<br /> w l.end�r aay gmmmt n�ry to maka np the defieiency in ora or mo�px��n;nts as Len�e�to Boaoarer any�mds "
<br /> ,...�,;.,: Upoa paymcm in faD of all sums secnred by tLls Detd of Trast, Lessst.�s sinll prampdy Lender.Lender _..
<br /> hsld 6y I.eutYer. If�der paragrapb 17 hereof the Prape�ty is sold or tLe Fcoperry is athetwbse acquued bY
<br />��:;,�t;.. �mme iA atrr or w the sa2e of the or its acquisition by Lcnder.an➢Fands heW by Lead�r
<br /> -!, shali a�gty.no 1a�r than' fY Pu �OP�
<br /> z%•'�;J:� at t�vf�of appHcxtian as a credif against tite sums sec�ued by this Deed of Ttt�st.
<br /> ����r��- � Applicattaa of I'aynn.e�. Untess applicsbls lawpmvides otherwise,silI QaYmems car�i��by Lender nnder the N�rte __
<br /> �.'� and p3zugraphs 1 aad 2 heceof shall 6e agpiibd by l�nder 5rsc in payment af am�unL9 payahS�m Le�tder 6y Hor[ower uader .
<br /> i tf : Para� 2 hereof,then ta interest payabi�an tY�Nom.aaei t?�en to the p�pa1 of the f'�:tr_ �
<br />:+�.4 4. . FsEas Morig.�c�ua�Do2rls oY.'LL�ast;f�arB"..�➢.t�. Hrrrawer s6aI1 perform all t�f i3ureowar's��ti�ations�1n3�r �
<br />:�-.s?.�rt'. ent cvhls e.Urn whIc1�h�s ovc�iitx.a Dezd of 7Yt.,�t,fr�fsrti'ri�
<br /> •��••�r �Y��H�e.deed of unst or ot�cr secnrIty agreeffi Pn�Y ._.
<br /> ��'���, Bortowet's cflvenuus to mage payments when dus. �atmzves dra31 pay or cauFe to be patd a]E taxes�ass�ents aad�t�er �
<br /> cPnrges,fmss aad impusidons attdbutable ta the Properiy which may attain a priority oerr td�ia Deed of Ttusi.aad te�uhoid
<br /> ; '�'`. paqmeum or ground reats.if aay.
<br /> ` S. g�rd�as�aace. Borzower sP:all loeep 9h�iaaDravemen�s uus►existmgor herraftcr erecoed oa the Pcaper{y insured
<br />,,;�'�,,,:, , ..
<br />. :..r.�,._ again.�t io�s by fue.6�ards inciudad aict�n t�eeim°extende�coverage".aad such uttur h�ards as l.ender may nquire and
<br /> iis��at., . r
<br /> ;��..• ... Itl 6RCII�OIIIItB atfd�i Sf3Ci4 pCtLOdS 3S 1.en13Ef UL1y TCQIl�T�.
<br /> '•r`;'. T6e in�uance canier provldtag the r.�uaa�ce S�haU be chns�n by Barrower subj�ct w appraval by Lender:Provided,that.
<br /> �
<br /> �,:,;��•�� woh approval shatl nnt be emre�oaabty witLtidrt� l4Jl i�uance Folicies asd renzwats thereof st�ll be m a form accept�ble
<br /> ( '(r to Leadet a�0�11 inclade a st�adard mor�a�c��ct�in favor of and in a form acceptable to Leader. Lender�ll have ;�;�,;
<br />�A 2i���SVjv�r . • _ .. —__.
<br /> -u�,:;., ` , Hx righ3 co Lold tbE policias and renewals therec� sabject tn tbe terms of any martgage.deed of t�ust or other so�uritY
<br /> :,���';" � agrce�cat adth a lien which�s pr�atity oves tthLLs EJeed of'F,��. _
<br /> s
<br /> , i�a We�avent of losv.Boaower ai�afl�iva pm�t aodee ar tii��sarance cnrdez and Lerndr.r. Lender may m�Tce pmof of _
<br /> . . losv if not msde prumpflY bY BoiroRZr. . —
<br /> � . If tfls Prop�rry is abwdaned By Borrower.ar�f Sonawer fails to respand co l�ender witliln 30 drys from ths d�te aotice
<br /> is mailed by Lsnder to Botrower thxt th°insuraace cairier off.ers to seute a ctaim for iasura�ae benefits,Lentkr is authorized __
<br /> � w colle;�x aud apply the sasuraace �ruceeds at 1.ender's option either to restoration oi npa3r of t�e Property ar to tb�s a� _
<br /> secnred by Qii.v Deed of Tnus. �
<br /> ' ' 6. Yirexrvatian and Malat�ot Properiy3 LeasehoIQs:Coadumini�: Pfannex9�Tnit Devetoprnanta Sorco�z
<br /> ;, '. �ty�e.tp the p�ape�ty in�aod repair and shffil aat cc►mmit w�su or permit im�,oairanent or deterivndoa of thc P¢opert5►�ad _
<br /> ��.:: m
<br /> stnll compSy with t�e pravisioaa of at�le�se if th3s Dee�of Tmst�S on a Ye,7�mld. If this Deed of Trust is on a uN4 in a
<br /> :;�;5�,:;'.. coa�omWum or a ptanaec! uni�cievetr,gment, Borrawer a6iU petfarm m!!of i3arr�w�'s obl3gaSoa9 under the dtclaratian or
<br /> ;�;;;; � cuveaaata cteating or governing tise condominium or plann:.� unit devel�pm�. the by-laars and.regulations r,f ihe
<br /> � condominium or planued unit deveir.gra�nt, and wnstituent �'r.�aaments. �
<br /> 7. Protectbn oi Lender'sSecm�f3y. If Borra�failn ta p�rGorm the snYr�n� and agreementa contained in this lktd
<br /> of Ttust,os if azry acdon or ptaceeding is camrnxara�i c,L•icb saaterially affe:rx P�c�sc�er's lnurest in the::�;ertY.tllEil I�IIGCl.
<br /> ���:�:�'� •, at Lenskr's option.upon nntice tn�arrnr�r,w�.�m:ss.r.�a.��gearances.disi�:��e such sums,inetudiag reasona6le attomeys'
<br /> '�"'t� ��`•• fees.2ad taYe sucD actian as Lsnecc,�t.:�r+�r�x��: Er�dc='s ir.t�rest. lf dxLCer requiced mnrt�age i����nce as a car�itioa
<br /> ,:�;,��,;.
<br /> �:,':�r.,,.; of aWkd��the toau secured by tbis�c�3 �:��Zru:t,�c,Yra W<<.�dm:1 pay tho preminms reqnued to mamtain sucb itu�tcr�7�'�m
<br /> . - ef�t�vt^�:J such time as the req�ureme�,fnr a�u�z i�sursnce.��minates la accordaace with Eaaoiver's and Lencter.'cc�editem -
<br /> agree�ent oY aq�'.;afile law.
<br /> ,Aa�amotwt4 dlsbnraed by Lender purcua:.^c o� thls Paraga�b 7.aith imerest ttureon, at tha Note tate.sha��,e�omt
<br />:�.��..�' : addwnn,�►1 indebtednass of Borro�ver secured by tLis Deed ef Tras� Unles9 Borrower ansl Lender agree to other u�rnas of
<br /> ,;;_;�;;�,;:,- payt5e�, such amauats sS»11 be payab2e upon aoaice fs�c�rn: L+ender to Bonower rec�ue�tin3 p�ymem thereof. t�i,tti.ng
<br /> "'�'• � containeA in this paragraPP� 7 sha11 require Lender to incar tcrs�expense or take an}r acdon hereunder.
<br /> " .. . 8. Inspecdion. Lender may make or cause to be made:xasonable eutries u�on and i�ectioas of t�:Pre�rry,prnvided . _
<br /> that Ixnder si�ll give Borrower nodce prior to an}r sucb inspsction specjfying reasonable canse therefos rel�ted to Lender's
<br /> in�srest in the Property.
<br /> ' 9. Condtmnaflon. The pzaceeds of any award o�claim for damages.dirert or consequential, in connectton vdth any
<br /> eondemnation or other taking of tho Property.or part th:reof.or for conveyance in lieu of cocdemnatton, aze hereby assigaed
<br /> �. and shali be paid to i.ender. subjsct to the terms of any moztgage.deed of wst or other securiry ageemens arith a llesi�vUicO
<br /> . bas priority over this Deed of Tn�st.
<br /> 11,'EpFlASSA�ECO2iD MORT(}AtiH •IlEO-Fti�9A/FHI�iC Ut�(}IRb7 II'�6'I4t[RC�7P PuSe 2 of 4 Fmm 3ffiA
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