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<br /> -��.;� p�y�r@;�� i�}3I@�IIt� HSSSZS Y. HSIdK3IICH 2O0AiQ 07/15/1996 T.
<br /> � •• lEl�3IFQ�:3M C�'i�fE;VA[�iS. &�m►tv�r and Lendet savcaant a�d�gte�as foflotvs: =
<br /> '°` !. Paym�t a? PI'Eue�Qai and 6r��st. BorzuE.er si�all pmn�tly pay �riten d� the principa! and iuYere� � e_
<br />-. -�-- €�"'v�"�'�°..."'�'..p�Dj�..�'.�'�.!'.�.0 ec�l In,��o '�o�3z t�d[SY[�!D�e�IIfB. 7� -
<br /> �;�,;.�� Z.6t�s�[ur Tagts r�nd Q�t�e s�u0ject tn applis�bte t��:r or a ti^rttYem�raiver by Lxr�Qer.Bmm�ver s�al1 Q3y tn 1 --
<br />;`�;.,� legder on th�day mnntlilY PaYm�ts of principal am9 i�ter�t are payabte ur�+ r the Notr.unxii t�e Nate is pa��i�full.a _
<br />�:�:,:� . . —
<br />.�,zi��:-:� sam liureiu Funds )aqml to Qne-tu��8�af dte ptarly�es and a�ats(i�Yuding ru�damini�un aml pla�ed u�it � —
<br /> E, � deveto�meni�s�ents.if auyl�ic�may atlaiu prior�ty avec th3s iDeed of Trus�.swd gmunsl reats�n�ttie P�uFerty.if -=.
<br />�`r`` any.pdits at�-t�c:tfth af yea�Iy pmmium iu�iattme�is for hammcd i�uiancs.pi�.s o�o-twslBh of Y�Y Premiam i�llments �_
<br /> � for a*��tg�ge in�uan�. ig a�y.aU as c�a:bly�sinzs��d initially autf fivm ti�m ti�by l�ader c�ttte 6ss'ss of �
<br /> _' ' a
<br /> "�;;. �ras atui 631YS tu�d reass�te�tin�23es t�emoff. 6orn►�,�r�hall ant he nbti�ate�i m�ice sncD paytueNS af Fuads
<br /> cn g.�;r�r fo e��at�i t2��r:ur�r aa�es�p�y�to tI�ha�.�of a p�ar nnut��or�sgd of t�st if srich tmtder _
<br /> is an in�iinrivaxl t�der. -
<br /> If Bomot�er gays Farats ta Lender,tite Futt�s sisail Qre f�in an iu�itutiur tYtr d�nsits ar�ocaua,ts of whic�a� __
<br /> iu�arc�t!at g�ra�ed by a Federal or s�.ue age�y(incfudaag i�nder if Leuder is saui�un ia�tiaitiva).Lende�shaii appiy _
<br /> the Ftut�s to pay s�id tue.s..��e€rb.in�ua�ra pr�ruivms a�gouud t�is.Leader nmy uat cluugE far��o�tutd _
<br />.' apphfinII t�e B�mcls. analyfing said ar9aunY or ver+fying and coa�piling s�d u�ts ar�d bUls. unIQSS irIIder pays P r
<br /> Bae.��r inse�st oa the�'unds and stp�tic�tile lacv pe�ut�I�ud.°t to n�e suct►u citut�a.Barrour�r au�Yxnder muy ag�e
<br /> in v�tg as dte t�of eaewiian of d�is D�d mf Ttu�shai intec�on the�aude si�nil 6e pud to Qarrawar.an�i nnless .-�
<br /> �` `� �'' sz�cb agteem�at is matPe or appiicatste law requins s�tch inleres3 to h¢pud.L�n�deer s'hall u�2 be�aired w pay�or�aw�r
<br /> .. ' anD iote�st m�r ear�ings mi the Ft�mLs.iender si�U give m Bur�w:�.wittwat ci�e.aa anau�l aocaun�g of the Funds
<br /> • s6nwing cteditn and debits w dte F�tis a�t�e putpas�for wIuch ezcb debit to t�r Fu�sEs tiras r�.The F�sts ate �-
<br /> � . pledgad as�dditian�l secu�ety far tfie s�secared hq t6is R�of Z'n�st. _
<br /> if the amouat of the Fu�s I�eid Dy Ler�ier.tog�her�vitA dte future mnbdJy installmeats of Futtds p�yab�prior ta f-
<br /> � dse dae dares of tues.ass�e�mems.imvrwoe pr�anans aad�r�l ceu�. sY�ali e�seed the am�uct m�aised m Pay said
<br /> '"_ `•... Gxe$. Rara�.-nP� �PTgq�����iC'�S 3S�1C�flU�C• SI1C�BECC�&I1Yj.t bC.�BOIIOVYCf�$�OQ. —
<br />,��c�.. , e[t�er�r�diY tepaid to Botrawee ar c�dited m Bomawer on mont6ly in�tallmeuls af Fu�. �f�e amauwt of ths Funds -_
<br /> � 6e1d iry I�snall vat be snffcd�ui�tn pay t4x�.�. inu�tanoe P�urss aa►d�'aud reats as tliey fall due.
<br /> � Barmwer�Lall pay u:F.�e�anY ansnunt u�s,�tv mage vp tUe deficieusp in ou,e ar n�ore payments�Lende�m�y
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<br /> . . UP�L����ill of all sams secated bY this lke�af Tr�st.Le�der sha!!prumpUy cefuad to Boreawer wy Fuuds
<br /> .. ' 6eld�l�Lia�cd�':If ua�xr g�eageagh!7 her�of ttr�P�nPErtll is said ar ti�e Praperty is otbetwise uquired 63►LeII+der.I�uQes
<br /> ' sh�l!ap�ip:.�.q tatsr tB�an imme�iately priar w�s�dc of tHe Prapetey or��.aoquisiaian by Leadet.anY F�cts 6eld by . �
<br /> l.ead�r ar�d�,time u�a�j#t�c�tton as a c�ed'ic agains,�:de�sums s�re4 by th�s F3�nf Tnc�t.
<br /> . " �„Applic�ion.�f(�It#�ymeats. �lnl�,s:pQJ3t��tGe l�w pravides atheiwi�:xl�p�Yat�s ce�xive�by I.e�er ugder t�e .--
<br /> }� ;,r aff anwants ble t�Lemle+r by BarcQ+wEe
<br /> ~�" PIa�.z snti:t�Pi�s 1 asd 2 ht�eaf s�all be�.�by Le�er first in paymeLt P�Y�
<br /> .`'`'`�. b 2 tieieof.then tn int�,�.paysble on Pue Nase.ausi then to the princip�,!af t�Nate.
<br /> und�4�'s�^�ap
<br /> , �..�j;iior p�ES ant��R4 Trast,Cb�r;es+Ilme. Bot4awer si�1�eei`rmr��tut�af Barrnwer's obligsaians _
<br /> .. - � under atn►�ort�e�. dr�d of mcst or ut3�r sesr.tt�ay agreement with a lien av�SicJt I�gcs�ac�ty wer thia Deed of Ttast.
<br /> °.;`.::��. ' P 1If
<br /> inclpdinlg�ottower's a�v�mnts to nnite payme��.w�n due.Barrowet s1t2il�S&�c�t�.c��ite padd al!tues.�ssessuae�ta
<br /> mn
<br /> . ., aad atth���rges.f nes anrl tmpostdfl�atadbut�iite m the PcopenY vdAic�csa.�at��u m�ntiry we�t�is 1?�!uf Tiu�a.
<br />`��t�!�%�%>: au�d I�i�k�QaYm�s or g�rd renis.df any
<br />�'i .:.��• S.�Ia�srd l�wa�e. �orruwer st�ii f�e�p tbe impmvemenss unw esistin�or�r er�oa the Fca�.�tY
<br /> ' ,. ias�ued agaiasi tass E�J��e,h�tarQs iacladed ari2bin tbe oetm'e�steoded cm�j�".aud mc�a�tr 6�r.uds as leud�c may _
<br /> '" � •`� requice and in��ia�rstts and far sueb p�tiods�s Le�er may cequise• .
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<br /> „,� ;: �,�,,.: � T�e insara�e e�ici�:providlug Lhe iasumnce s�U be cbasen by Borroait��bj�ect tv appmval6y Ixnder.pmv}�,d.
<br /> ;t".:` . . . ,��.;>•� tl�at��pt�val sAs11 mat�e auq�Ganbly withbYtd. Alt imvr�e pnlicies ar�id reneR;�'.s tUeROf sL�ll be in a fom�
<br /> ,hzu::,- � � ;,
<br />-r:��<,, ,� � ,'� �cce�te to I.endeir a�s1�aU i�eii�dt�����Se ciut�ia favor nf ancl in a fott�ao�epta�Ie to Le�er. l.��i�r _
<br /> ;:�.'�..
<br />� � . s@�ll have tLe rigdt cn��the polit�ixo a:r��aIs the�s�bjecc to the cem�s of any mnstgage.�aff cnut or a�t ..
<br /> . . ��:< saudry agre�eai c�f��s lien wLich t�s prionsy over t6is Deed af Tnu�. � � , ': :. •
<br /> . . In tbe ewe�of[rJ'r�.Borrawer s�uU give prompt nottce to the incura�:�srrier a�d Lender. l.ea�s asay ms�e��qraof . .
<br />%wy�;- of[as�if no1 m�de p�v.taptlY Dy f�nmaexee. �'�",
<br />,.'.,` :� If the 8mpertl��s�;o�doned by BorcaweY.ur if Bo�ra�v�t fi�ils to mspoad to l�ender witLin 30�y&fram"t�';rd�tte
<br /> ' ' �otice is m�Wed by�16ts�n�r u�Botmwec iha,t the•iissur��ce camer offets tv�tsle a claim f�r insutaace E�e�:3its.l�endm�is '.
<br /> �
<br /> ' authari�id w call��CG,+arppty t6e imvruiee prrr:�ds at Lender's opt�on cti��so restoruion ar re�tir u,C I�,e Pmptny or �.
<br /> w the&ums socared iry G�fis Deed�of Tnut. ' '' :
<br /> � � � d. Pt+esarvatlaH arsd Nratntt�ce ot Ptopartyi l�seP�ldst ���s; � Unitt:G`�Teb�esstv.
<br /> � Bortowet sB�U iceEP the Pmpe�tp i�c,}�ood r�epttr and aL�tl nat ti�nmmit wzste or permit impaim�ent or deG.°ziuratioa oFtJ�e
<br /> :. P�vperty anc�sLtl1 conoply vnth�e�vis�ons af a:�y Ir�se if ti�is!?eed of Trust is on a laisdx�td.If if��'�d of 3t?��is
<br /> � an a unit in a caudansiii�um or a pl�uned nnit de�Nopmeiu.BormweY sGalt p.rfa�m all of Bano�+er's alsi�tt>a�under the
<br /> docDu�tion ar wvPr�rmt�:rcxt�u3:tp�.aa gavermtqg We candominium ar pt�.s�seeli�ur3t devetopment.tGe by-ta�c�ril�uc�r��tions
<br /> � of the Concbmtuici�i�{bF�yl��taifk�S..welopment.nnd�wnstitues�t;dnsiau�mn�4. "
<br /> .. 7.Pr+atextEact.atf�c�murarLtq. if Barratver fsrils t�:��fiZrnr.��te ccnren�sts and agteemon�ccau���Ittac�;3'v�td��s
<br /> . D�d�f Ttt¢t.at if t1�action or ptocee8iug is commeoeod wtuw tfaitosfsll:��sf�'ccts Leadet's inten�Y ita�i��;Eita�etty.t�eu
<br /> , l.e�ler. at Lender's upQion. upon aotice to Bommvep. m�y matce s�cir.i�s��arans+es. disbvise sur.ti s�ms. inctuding
<br /> . � re�sumL�le attaroeys'fees.and e�tce sucb stdon as is aeressary ta protect i:�ler's interess.lf Lender�uited mortg�ge
<br /> , Int�uunce��wndidon af mzicing ti�e t�n secund 6y tHis Deed of Tnist.Boimwer shall pay tix ptewiu�mquire�to
<br /> �'`�' maintsifl sucb iu�raoce in effect und! sucb 6me as the tequiremens for sucb insumace termin�tes in�xorduzse aritt�
<br /> � Banawer's and LenJet's written agreemeni or applicable law.
<br /> . . An}r amaanis dis6arsed by LaencYt;r putsuant to this pu�gr�pU 7.with interest thereon.at the Nase rate.sha11 become
<br /> • ' � addidoaai i�ebte�tn�of Borrower secuted by this Deed of TQUSt. Uniess Bormwer ani Lenifer p�ro oi6,sr te�of
<br /> .` payt�en� svch amoants sh�ll be t►a}r1ble upon aniee from I�ader to�nrra�aer requ�s¢ia8 D�Y�enY E�eieof. Nothiq;
<br /> c�nt�i�ed in ttfis pzngrapi�7 sbalt requir�e Leader to i�,vr a�r eape�e or raSce smy action t►�reander.
<br />� � . $. I�. l8�ler IItsq miake os cause to Ne made re�sonable eatries upon ancl inspeedons of the Property.
<br /> : .. ptavided that LzurL.�r s1�11 give Botrmti�r n�tice prior to a�sy s�ssh in�pec�an specifyQng reasaoa�bte cause therefor ntated to
<br /> � l,ender's t�e�en the Praperty.
<br /> . rr:t,n:s�,2sgrs2 srss OEigiasl�RacosQ�Gt) coDY lssanchf Ccpy(�u�tos�z) ra�fl t�rs
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