|
___ _ _ . , , `in!��l���"� .__ _ _ _ .,.
<br /> . -
<br /> -- - -- ---- -
<br /> _. ___..._-------•-- ---- --- --�- - T
<br /> - ....�_
<br /> _ --_ __ ._ .,.�._�z.._,��w .,��.
<br /> ..-- _ —.�.
<br /> �..�-....._. �-��.—,............._--
<br /> G�jR't'Y t - -
<br /> _ ..
<br /> J lfIASL�tI[1 O�ROMx K •IC�NI,tt�N �,. a„���� �nq7�0 D�1a6/399�6
<br /> UNIPQNM�oY�NAI�'I'9. &�rr�►v�rr���11.ey►Jer cove�K�tt anJ��rc^��o falluwN:
<br /> 1l. Y�,ymerni at 1�1rlmt�l �a@ Ir�tcr�t. H�+�iower Ii�1NII ylf111i1�11Iy �lAy wiie�� �luc ihc ��iva:ir�! anA itxCS�st _,
<br /> c
<br /> itxlebttcfnr�,9 evldei�cnl b��tt�a Nute aixl late cQar�e:�wv pruvi�tcd i�i�l�e PJnta. �`�=';�:
<br /> g,Ft�d�[or Taxa�nd iwur�nee. SubJttit to�llc�le INw or a writte��wAiver by l.,enc�ts�. f;Y�s�tuwi�r stlinll�►uy tn -
<br /> Lr.►xkr on the�y���Y R+Y���of pdnctpal uxf Intenst�re �u►ysble undrr the Nut�,wr����4:r. Not+e ie pt�itl in fiill,w
<br /> swn(herein"Eunda")a1►u1 tn one•twrlftti of 1he yeouly uara Rnd�.ucess►n�ntn(I�u:tudln�a�rn��r►n�nl�eiR���xi PlanneQ unit _.
<br /> devetopment�ssmerns. if any)which nu�y�ctdn pdodty uver thlo Dad of Tn�yt.�nd�n.x��r3 rents on�1��rtnJ►crty,If
<br /> �aY.p�GS a�-.s��,rriR1�of yexdy pren�ium i�t�liment�for tu�r�rd insunnce,Pluy one�twoitth c�*Ycarty�ctmium 1n�te1lmcntR
<br /> for moct�e insur�nce. if�ny� all I►� rc�sotutfly estim�te� itdd�lly �nd fn►m tltt�e t�� ii��,�G t:,7 Lc:,l:C4 OA 1Ut! II}^in oP ---
<br /> �sscssments and bills�tid re�son�ble estinutes hxrecs`f.��iO tha holder of�rinr`imn��r�it�:ctl o tt�u�(t��li It�r�lder
<br /> to�epder to the extent that Barco'wor nw�kes suc paY
<br /> is an i�titudonal lnnder.
<br /> If Boaower p�ys Fuads to l.ender, the Fund.g �11 be held (n�tn Insdtuticrn thQ ut�xx►!rt�or�ntA of��1dcU�rc
<br /> Insured mr gusraata:d by A Ftdarnl or�te�gency(includlns Leader it l.encl�r is sucb a:n i:aa►da+ecion). L.C11dCf l9llAll Ajl�lly
<br /> the Funds w pn9 siid t�ces�assessmeats,is►twance pren�tums tnd pround rente. 1,�uAer.ctay rtnt cfearge foe ar►hnldin�and
<br /> •pplying tbe Funds. �IY�rB s�id�ccount or ve�fytq�wd con�pllia� �id asses,srrntstCt i�rd A�liw, unleax l,�ndor (�yA
<br /> Bornower inttrest dn the Fuads au�d�ppllcxble law pcn►uts Leoder to m�ce sucfi a ct�aag¢.B�r.rU�ner uxl 1�e�6r�ti�s
<br /> in wridng at tLe dme of eaecudon of this Deed of Tn�st tl�t inter�st a►tbe Futtdtj s�uC�l P.�pnn4 to Bortower.
<br /> d I.�nckr ahRf t mt be reciuired ro pAy Ilormnw�r
<br /> such�gnxmeat is m�de or npplicable law requirts such int�ttst ta be P� .
<br /> such
<br /> �ay iotere�ar eamings oa the Fwyds. Leader sl�ll�ive tofBo[�wer.�tho�b[ t�c��t t���wa mode n?'1 of Cunds ue
<br /> shawinQ cmllts uod drt►its to tnC Fu�ds and thc�u�
<br /> plodged is s�dditiom]socuTit�►fot the swnv sacund by this Deed of Truu.
<br /> If the�mcxuaR of the Funds 1►eld by Lenckr.togett�er wlth tlx fuhue monthly i�W;�.t:omc�acs oR Funds PAYf�islc�at ta
<br /> tbe due d�tes�g taxes. �nts�insur�nce pnmiums and gmuncl «nta.shall eASCC�'t 1.9���naou�st ralidiCd to�►y said
<br /> x *
<br /> tues. Assessmeri�s, insunncc premivTns An�ground�ents sa they f�71 due, �uch exses.g sh�bc.u Banrwer's .
<br /> eieixr promptlY repa�d to Bo:x:.wP,r.�r s:c,et���ed to Bamower on montbly insaillments a.f F��da. If di^ranwunt of the Fun�s
<br /> betzl by I.ouder shall not be su'Ffio�eut ta gaY ta�ces. tssessments.insuntx:e Premiva� and 8��zG����r m�y�
<br /> k�nsaawer shull pay to I.ender�nny aaaunt n�eu�rY to make up the deficiency ia omc or. r�.,�r.�puyme
<br /> n.�9re. refuud ta Bor�vwr..r:aay Func�s
<br /> -nnem in fup af all sutm sccured'by this Dad of Trust. Lend�r stuU prot►tptly I.�ror3e�,
<br /> t�7�a y�l.en�r.I�tIJlfIC!PAY���"�L 17 I181ti0f WC P[�OQCltY i8 60Id OY dIC��(1CrtY�9 OtZIG[WISC iC(�WI'C�I Ii�t I.�t�=
<br /> shail apPly, no l�ter than i�rnxuiueiy priar io ioe a����'its�.. ;or���rm�igiRim bV It�dGr. �ny riurdM��e1d tsy
<br /> I.eu�lec at the tier�e of�pplicadon�a�cr�dit igainst tf�e sums secuneQ by this Dad oiT►vse. rocei�ved bY Lend�'uuda the
<br /> 3. Appll�eatbn ot Pt�maMA. Uuless�pplicable law pcovides aheewfse.�txY� ab1Ve ta Lender by Borrosser
<br /> Nae aod para�r�phs 1 and 2 hereof sivll be apptied by Lender first in paymeac oF aroouats P4y
<br /> nmder p�r�qraph 2 bereof.then co inocrest payabk on tbe Norc.aad trien to tbe principal orm W o Earmwer's oblis�lo+�
<br /> 4. Prla'MaNP�a�Da�of Tnrtl C��: 1�.Borrower siuli Pecfu over t�fs Aoed of TnW. �
<br /> under u►Y mocti�t��doed of uuat or odier soc�uity ajteemeut wlth t lka wl�cri hau pr�orltY
<br /> includiqR 8amwer's coveo�nte w en�lce p►9a�euca when due.Bo�mwer s1u11 py or cawie to be ptk!�11 mca�.+a�e�b
<br /> Rnd adkt ehu�e�, flaes�od impositiooa uaibuttble to the PrupatY whicL mty aailu a pcicxity ares t�is Deod o�'Ih�t,
<br /> �nd Idw�wld MYments a�cuund eeasa.6f�ny. on the Prapert7
<br /> S. Ws��d L�a�oe. aarmwer slh�ll iubp tbe im�xovemeo�u now exlstin�oc baarAt:ecocoed
<br /> inau+od aptna lax by&e.hwucds includeA vr�thin tbe teen�'extnwleQ cova�a�e".�nd aicb otba bar�c�ds�w I.e�da p�7
<br /> crquirc aad id such�mouorts�ad for such pe�iak as Lauder mty raluire. �by Lender: ,
<br /> 'i1�e i�ur�nce c�rder Qmvidina the taeur�nce shau be choeeu by so�ravver s�bject u��pp�rr� R'O1'�
<br /> tbfd sireh apQcrrial sbaU not be unreacopa�MY witi�heW. All tz��rancc Policia aad ren�:wils tlwsoof skWl�be iu a W�w
<br /> �eCeptable w 1�en0ec and st�ll iacluck a standa�d aac�e el�u�e in fiva 6f tal in s fam acoept�k�Y,,�ec. Leuc�a
<br /> s3y�11 Wt++e the d�ht to hoW the policies�d c+enewale d�ereof,subject to the tetme of s»y moct,�aEe,Qood o&te�t�-or otbrer
<br /> securih►�eaaent vrith t lien which h�s prioriry mer this Dad of Trnst.
<br /> In tbe event of loa��iiamwer shall 8ive Prompt aotice on the tm��tr�uce c�rrkr aad Lender.I��kr�iy m�ice prot►f
<br /> uf Wsa if mc ande p+nnrp�lY bY Harower. ta Lendec wlthin 30 dsy&fiMam tl�daMe
<br /> If t�e PrapertY is sb�ndoued by Borcowcr. or if Bormwer fx�iis to respooc!
<br /> uotice is m�iled hy Leader to Hormwn t6�t tLe imwywce c�rr+a ofTer�to seule a claim for i�p���Y �
<br /> autboc,ixd w wlloct ud�pply the in�u�cs procaeds u ixnclec�c�,ption either co restnration or repair ..
<br /> W the sum�secu�t�by tLis I�eed of'ituat. Coadoa�ldw�eri �� Udt Arr�� •
<br /> i. Pnaeentlon ud A�aiwten� o[ Propa'ty: I,er�Aoid�i
<br /> Botrow�er shall Iceep the Pao{xrty lu�ood�p�fr and shall oot�omtnit wsste ar penmit Impair�w.roe or detaic�ratio=#of she
<br /> property w�sh�11 camply wlth tbe provisio�of u►y lasc if tWs Dad of Tn�st ls nu a{au�aL1.If t4is Vec�of'fnuct is
<br /> on a udt ia a condominium or a planned untt devdopmeut.$orrowcr s�ll perform al!of Barro�wer'�obligatlunL ttndnc the
<br /> - dxLratio�or cavemnt�cre��or 8oreming tt�condoml�ium or piu�ad unit ckwelopme�.ti�ee by-I�wA sud re�oas
<br /> of ti�e eflodorninium or plarmecf unit develaQment.�ad constiWeat doaunents.
<br /> 7. Ptgtecttoo o�I,ender'�Secudty. If Hoamwer 6Us w petfoc'm tlu covenaats aad�gxeemeots conininod ia t6ts
<br /> - Deed of Tn�st,or if aay ac6on or pmaedin8 ia commenced vv�icU nxterWly�fxts Le°d�r's iumerest in�Ur,Pmparty,tl�u
<br /> Lender. u Letrkr's option. nWn notice to Bomowet. m�y malre such �pp�uaaces. disbwt�e such sums� iucludiuQ
<br /> �te�unmevs' hxs.u�d nks such acdon as is aocacuY►o Dr�t Leader's intenst. [�L,�nder rcguired won�e
<br /> insucance as a condItion�f mafcing the loan sxurod by Wis Deed ot�.st. ���;e�i
<br /> �Y.�...:::.:_��'
<br /> �- maintaiun such im�raa��e i�n effxt unttl sucb dna�e as the requlrcment for s�wi�inaurance t�nmu.nntes lu accanlAm with
<br /> Borrower's aad Leader's written xgrtemcnt or ogplic�bie ltw. 7,��iitt�rtet t�ureom.u the Nota ratc, slutl!bxonx
<br />-- Any aa�ounts disbursed by I.endes�nu'su�nt ro Nilt pu�r+Pti
<br />�� addiaoml i�ndebted�.v of Bonower securcd by thi�Deed of'IY�st,Untess P,�rrow�r and iLender agrec to od,er uraic of
<br />-- n�ent tizeseof. NMbing
<br /> p�ym�ent, such amoaLts siull be payeble upon n�itice from 1.ender ta Hunawec requesdng pay
<br /> - conained in this pungr�7 stu�ll eequin d•euder ro i�cur u�yv cxpeme ar txkt any action hetcunder.
<br /> = a. laepectton. I�nder may nnke or ause to be n►�k res�so�ble eaaies upan and inspections nf tt�e PropertY.
<br /> ,_ provided n�i;��I.�nder shall give Borrower notice pr�or ta any such e�cpection speclfying reasonubte cause ti�erefor rel�ted t�
<br /> Lender's i�srcat in the Pcoperty.
<br /> - P�yc 2 of S
<br /> ~ Neen�26e?tr2 5/95 Origfaal(RaCOrdad) Copy(gY�ah) Copy(Cuotioa��r1
<br />
|