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<br /> iooa�i 0�/08/1996 �-'-
<br /> fiRU�I �R HBldItS �--�`.�-
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<br /> ,t.�, . litat�onn�ComeNarr�. �nn�v�r acsd t.eu�ter asvr:�and agee as fottoe•rs: �:_
<br />, ,.<:� t. Epaymeni4 0� [�ir:r�c�,�� � 1�. BuYnaw� �all procr,ptty �pay witen d� the piimipal and inter�s �..
<br /> - , i�siebte�ts�.s s+ri+l���;�t`r�.:�s�{'��a:���:"�e�is::Ite^!e+_. �
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<br /> Z. E��is ths'd'aa�suri'I Draura�',��. �ubj�ct to a+.'�►f3ca�C9e f�w ar a weItten vraever hy ix�.Barrower shall pay ta �
<br />• " Leutfer an We dny a�as�:ttSY�S�mts of�ri�s�al nnd i¢ter�i�re payabfe under ihe Note.uni�l the Note is paid in fulf.a o �'
<br /> , hvm(ttex�:in"�unds')ecY�a�.1 t;►a��-n�elf3Te of tdte yeaQty ta���ud as��nss linstudiug condnmiaium wd planued uuit _
<br /> : ud
<br /> : ,.,." dev�la�meat ass�r,�.i7�y)��fiish may at��pr�ority crvrr this Deed nf Tmss.aail g�uud nen�.s on tlie Proge�+.if � ��_
<br />' anY.Pius ane-t�vel�th�sf yc�y�iemiuw i�al9nrEais frfr fsa�a�!i�a.�anse.pius one-tv.ziftb of yesulY Prea�aum in.c�msnts � �
<br /> , . for mart�r,e in..rurance. if�r�. afl�s teasonatsly est���d initially a�ts! fm�t time to time by Lender on tf�e basis of =�__
<br /> � s
<br /> ut�uf Fands �-
<br />--�`�. >: �.se�m�Etus and hiiLs a�r�natr�e esde��tQS t�era�f BnmFCV�r sball nni b�obligated to make�sh paYme
<br /> -- to ixnder to tbs acernB ru�t�u�+wer��i�Ya�`�����°�of a{�rint mnrt�e ur d�ed of mLSt if sz:ch ho2d�r �
<br /> . .�`` is an it�titudamil letu�r. � �
<br /> "• �.,� • Iff Bnssow�r pzYs Futr3�s ta Ler,dSxr. �e Fa¢�s�D!st I�eid itt an iu�i4atian the depu�ts or zccannts af w6ich are �-
<br /> ' it�uc-d ar gutuani�b3t��ite8!ar si�age�cY(i�cls�d�t�g.ix�r if I�et Is sac6 an iastitnt'san).l.esde:shall apply �:_
<br /> ' the Fnnds to pay�taae3.��sts.i,m�^�,�*P p��imm;s stnd 8m�x1 re�ss.Lea�r may mot char�e for sa hotding and �-
<br /> ��.
<br /> . ��YipB the �unds. anaty�g �id ��aaet or verify+�am1 campiling saicl as�ents�6�71s. uWess Leuder pays _.
<br /> HmsowPr interest on tb.F�rSs s��ppYicabi:law perra�i�s I�atde�ta u�ice such a charge.�orrovrer and tender may agnee .�
<br /> ` , .�•� in writing at ths ti�af eacs�sJina af this Deed of Trtcs3 t3�at iutete�t an the Funds shall be pai�d to Bo�eot�er.aud unle� �
<br />� � sucb agr�mrnt is m�:asr a�13�at►te l��r�quiaes�tceta int�t a,6e paid.l.ender st�ll nos be requi�ed w pay li�sa�v�rzr -
<br /> �y intete�t ar eas�iu,�s an d►E Funds.Le�er�ka�Il gdv�tn tlorrotiver.without ebarBe.an ammual ac�mnng of ti�i.'wr.sds ��
<br /> shawing c�edits swd d.-�2s ta tt�Fu�ds u�!t'�e p�snse far whlch e�ch detsit to the Fwads vras made. 7'�e Fun�3s are �'"
<br /> .. pfedged as addtdaffiI s�uity fc�r the sums seaued b3►tleis D�of TnLn.
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<br /> ".. Ig tfze aa�onnt of�Fu�r'Js hebd by Ie�.1er. oage�:'ber with tHe future amnttrly i�nts af Funds paYable Prior ta �,
<br /> t6e dus dates of tr,ucrs. =="^-�?`-'-"aus. in�aaa�ce p�i�ua�s and gcaund reuts.shall exceed d�e amcunt requind w PaY said �':
<br /> . [ru�es. ass�men�. i�e ptemiums a�!��ts as ttx.y F�ll due. soch eacess st�lt 6e. at Barrawer's agtion. ---
<br /> . - eithsr PmmpuY t��d tn�nnme�nr cce�bx�!to Bo�rtvet tm taonilily in.nallm�nis of Fuu�s. If die am�n¢i of d�Funds -
<br /> �� 4�;.�" �eld t�y Leader s�ll cffia t�sr�fficieat t�a pay naes.�news. insvrancQ Fremiums anc!gr�w�d rents�as L��ie�map
<br />_ `�";� SnraawPC�all pay to Ixt�sa�nY amnur�t�es�ry mn rna1:�up the defiaeIICg iu anr cn�re p�aymeuts --
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<br /> `�:�; s�uire. =
<br /> ....; URun Paym�t in fuD af aU su�se�ured t►Y tfiyis D�eti af T�vst.Leeder shaIl psampi3y r�fwW tn Ba�wer a.�^y Fuuds
<br /> �._�� lield by Lend�r.I�un3:a�Apapti 17 bereaf t�e PropPrty i�sold ar the P¢ope�ey is otlierurise ac�i�ed by Lender.l�ader
<br /> ..� "rr; �1 appiy.nn itaier t�an i��Y�rior tn tbe saEe of'the Praperty or its ocauisidon by Lea�Ier.an3+Fuflcls held by
<br /> �
<br /> ` • Ixndcr at the time a+f�pplic�iBon as m cre�it aga3ast t*�e sums�ewred bl►d�Deed of Tn�ss. �ve4 by I�.�� —
<br /> . . ..:`: 3.App�eat8a�ot�d�u�t�is. UnSess app�ncaEsl�la�v provides oiheiwise.ail p�yasents te r�n I�C��lS(sarniver
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<br /> • .- ��}�} Note auii purigr�1 nnd 2 hrr�f��e appluc�bgr l�r fizst in payment of auwuats�Noo� � �
<br /> ., nader p�rJg�ph 2 bereofr t�to ir�taest paya�4e an t�se NcMe.an�tHen m the piinc�pal .: .
<br /> .:. „ ereo . —
<br /> ':..� 4. t�rbr R�ta.nnfl��of�'� CI�Ce�3 � emmwer shall perform all uf��r��:.v�l�igatians
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<br /> �uuler acry mortgzSe•(i�J a!unst or as�her seQCaiay a�ent witb a lien whic6�pria�ity av�r thPS�11fsL'�nuc,
<br /> � inslnding�ysower's emzz►auts ta m9ke�aymerts c��3a2m dssr.�arrowes sball paY ar c�w be paid ail t�,,,��s
<br /> ;;.:�'' , aitd ather chsrgps. finES�u�im�nCidoms ata�'�k a►fhe Pmperty wtisb may utain a pr�ariry m�ec th�s I7.ru,i��i+�Tru�st.
<br /> :;��:,,; ynd iras�hmld pay�ras o��m�.nd reurs.iff amY•
<br /> . .,,.,;
<br /> ��;y:'� 9. �d I�nt� Bgnousr s1�U lcegp t4ae impsavem�ats�crc exLtting ot Leres�fte��c�r,ut�u�'�'��P�riY
<br /> „ `� ' insuned agatast[v�by fi�.t►�e�ds inct�ed wa¢3a8r�[��e cerm'e:tende8 caver�e'.a�d sasb att�er 4���om�di►�#er may
<br /> .�:�.�,�•:�c � �equt��in svcL�s�fnr surfi�riods as Irnder n�y require• • ' •'
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<br /> .�; �,;�: �',�� '[]s�iacurance c�rr�ea�tav�dlqg the ia�cac.u�e st�U be chosen try Bormwer sa�yest to apgraval Y 1��. .
<br /> .,...�r�� ;_..
<br /> :t��r; � ttw such agptmvaf sha11 rttd t►�imreasa�bly niaa�i�eli3. All i�ranp:�ollc�es and reugvvats tt�c#�f shal!bP ia a fosffi
<br /> ,....�,,r,�t;., �� accaptnbla to Lend�r ar��vJ!incdiad:a sta�a�n�nrt�e clause in f�.ur of aad in a form nccep�]e to lender. Lender
<br /> - ° s2ta11 huve the right w 6�O ILa pm}ic+cs a�tsnewaG,tUereof.subject m the ce�of any mortg�ge.derd of a�t or atTfer -
<br /> �.:.:; s�eea�ity ag[eement wit�a Rt�n v.+hld�has�iotisy�1U�is Dr�O of Tn�st. _
<br /> . ;�.:.;,;` ;. in ttte event o�fo�.�tnTraxer st�1D give pr��r.pt�tice to the insur�nc�e caprier aad Lenider. Lender may m.tce psoof -
<br /> '' .�'a of lasa if nat m�e Pmtnptiy�sY Snrraw�r.
<br /> � .;:s� • If tfta ihaperty is xT�fl 1sY B�t�svEr. or iff[iatrawer faiis to respoAd to Leader withjn 30 days from the date _
<br />',,:. . :���� ' -
<br /> .,,� nudce is mailed t�y l.en�ita to 6Dortou�r that t�e ia�ra�a:carrier affers to sstt2�a claim for iflsutance beaefiLS.Lender is
<br /> , .,,� authaii�etl w colt�sud$�iy tbP tasurame pmaeetls�i�1's�des's opdon either m te.staiatian ar reptir of the Pmperty or _-
<br /> .::�.+#T,�� lp tll4 b711114 S�i1T��jl�G'�fi If.�Of TN53. '
<br /> ' ,ti'�.�� 6. C�u�'�1 �:l�tnteusucQ�P FnD�i�¢yi 1A'aSehol�i ��: �f1 Udt DlvdOpmmts. .-
<br /> ���:• or detettatatian of the
<br />- .,y'� ^ IIamaw�r s�li►Nus���I'�r��.�rcy in gocc�n�r a�c�shall not com�uft�ra�te ar permie i�i� _
<br /> , Ftopetty wd s'�1 coa�g v�{tTa s�e prav��as o�'any lease if Q»s Q�L nf Tcust is on a leaseho2d.If t&is Oeed.c�'�Yust�. . _
<br />�:. �i.�Wdt�D a CbIDdoml�.r.pS.Y IiR ie p?atlUed Us�t d�velqpu��L$omnwet shaU p�fonu all of Bot[ower's ablig�tia�,�t�sx�r Qe . -
<br /> .:,-.',��� dv��~iurutfon c2 c�veti�nts ti�i�[ati�or gm�:*tg t4�e oa�+�aiim�m or�l a n n e c l umt d u.v c:(t�me n t.the b y-laws stni,r r.�}�iti�+c�. _
<br /> of th�caada�ai��or plas�d unit l���p�t.suil cctz�::�ent da.�wr�ats.
<br /> .T.'vt.�. 7. FroO�dimn ot l.�fl�'g Stc�SSy. 1�°Bmrow:r s�^��s to perfisrna the coven�:and�ts o��in�t►�s
<br /> 1?�ed af Tn�st.or if any u�ian or pmeec�'is om�ua�r�alhich mat�rially affects IIxndes's i:��t in the L�s�s�rsty.then
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<br /> Lender. at Lerxter's y�dre. upon aubice to Bmtmvr�r may make suc� aFpeuarsx.�s, dLsburse.suc8 �u�►, j�FCludin8 �_
<br /> : �unutt)p attarneys' f�¢s.a�take susPi act�o��s is n�;essary to protect Lendee':�s i�IIerest. if Lendet se�ai.r�xi!irr�r�ge �
<br /> ., incu�ance ss a conditia�W ens�i�,g tt�tu�an serured by this Deed af T�ust. Bomower shflll Gay t�e prem4uuu ct�uir�9 to �
<br /> .�� : � maintnin su�G in,*utar�oe ja effc�t �D sus� aams as �he requiremeni far sucb ince�mTMa�a�iiapt� in axardance witi�
<br /> • � Bnt�ntu�sr's and i.,etxt��'s or�itt�agreemyat or applisable taw. =
<br /> • My amnutu��s�by l.erd,r�urszcant to tdus parasraph 7.with interest thereon,at the Nate rat�.s�all beco�e _
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<br /> . � aclitidontil indebiedness aS BnTrmti�r sec�rad by U�is Oeetl of Trus� Unless Bnm�wer and Lensier age�m o�er tem�s of
<br /> � ��:'.:, FaYmeni. sttsL a� s•LnU be �y2�=e �n notice from Lenckr to Borrower requesting QaYmeui theteof. Notl�ing
<br /> . � � ; cantained in tUis paragnpb T s3�al1 requnur�Lecatacr to i�xvr any expe�tse or take any astian her�nder. _
<br /> ' ,""` 8. �t�et�an. Len3rt ra�y make ar tat�e en be ms�de telson�ble entries upon and inspections of dt�Praperty.
<br /> ` . ptrtvldetl dmt I.�uder�t.t1��c�nlroti�er r�tc�prior to amy sus6 it�pecdon s�ecifyiag reasonable rause therefor related to _
<br /> �_ ___... __ Len�r's iuterESi in tis�Ps�elty.
<br /> . tte2�mfm z��'ta.E Sr9s Or�Qi�unl lmoc��do$) CeAY lsraach) Coyy(�uet�ar) vage a ots :
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