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<br /> . .- �c� �(�yA�A 100404 09/23/1996 , • '
<br /> CQIZY VO�RHNAT. KRY,TAL K ROBBRTS �� ��.�� �� •
<br /> UNIPO�tM COVENANTS. et►rruwer and La:nQc:rcuveni►ut ctnd a(�rce�wy folla�v�whe�t due d►e priiicipal an�l interes[ .
<br /> 1. 1'ayment of :•rii�eiprl ;.a� !r.!°_r°�'-, Nnttawer simll pvumPtly {�ay . . .
<br /> indehtedness evid�txed hy the Niue and Istr charge:;as pruvide�In tltr N��te, ..
<br /> � 2. 'Funds Por Taxes and IngQirance. SuhJcct to sppllcahle law iir a wriuen walvrr hy Ixnder, B�ttruw�r shall pay to
<br /> ixuder on the day mnnthly paYn'en`w Iftl�iofitlae ye rlyttaxes and asae.+l n e,n�ts(i�i IuJing i mdondn u`m and platmKd ati t � --
<br /> suni (herein "Funds") equal n
<br /> " development assessments, if any) whicl� nwy suuin pdoriry �+ver this; DreJ uE Trust, u��d graund rents on tlir Pr��perty, if .. _
<br /> � any,plus one-twelfth of yearly premium instaliments fur hazard Insurance,plus unr-twefftli of yearly prendum intisallmsnts
<br /> , � � for niortgage int;utance, if any. all as �mate.�thG enfin�Bnnower�si all�mtf rhr ubligated n►make su h paymenGS�fdFiu ids _
<br /> � `''''" a.�.5essments and Hills and reaumable est
<br /> "'� tu l.ender to the extent diat B��nower makes such paymeuts t��the h��lder af a prior nu�rt6aSe or deed of trust if such holder
<br /> is�ui i�stitutimial lcnder.
<br /> �: If Bonow�r pays Funds to I.ender, the Funds xl�all he lield in an institueiun the �e{wsits or accaunts i�f�++hich are .
<br /> r,. , . .
<br /> • insured or guaranteed by a Federal or state age�x:y(incluQing I.eudeY if Lender is such an institution). lxnder siiail app�Y �. e�� . ,J � :
<br /> � the Funds to pay said taaes. assessu�ents,insi�raiiGe Premiwns and ground rents,Ixnder may not cliargC for sn hulding aud �-' ' • , ;d. �'S�`,
<br /> �, t��,�yr�: fn,^..
<br /> �PP�Y►ng the Funds. analyzing said acu�unt or v�dfying anJ compiling said assessments and bills, unle�.y L,�nder pays .:;;.� '_'
<br /> ,k Bonc�v�er interest on the Funds and applicahle law pern�it�lxixler ui make such a charge.eorrc�wer and l.ender may agree .;a;4�'���<,.'_
<br /> � :�:�'��=--=--
<br /> in writing at the dme of executicin of this Deed of Trust tliat interest on the Funds sliall he pald to Borrower,and unless A�•„� '
<br /> y"�LlWr�a.._._
<br /> � sucl�agree�nent is made or applicahlc law requires such intGrest tu t�e paid, l.enJer shaU not he requfred to pay orrower ",'`s ,_
<br /> . any interest or enmings on rlte Funds. Lender shall give to Bnrrower,witho�at charge. an annual au:omuing of the FuuJs
<br /> . � showing credit:� and debits to the Funds and tlie pur�xi�e for which each dehit to the Funds wati made. Tlie Funds are —� —.
<br /> pledged as additional security fi�r d►e sums secured by thix Deed of Trust. � ���°•'
<br /> �� �. � If the amount of the Fu�uLs lield by ixt�der, taged�er witl� the future monthly installn��nG�of Fu�xls payahte prinr m �,:.';;.��'_--
<br /> -�±,;�'n,
<br /> ;� the due dates of ta�ces,assessmenGS, insurance pren�iutns and ground rents, shall exceed the anmunt reyuired to pay sa►d , i:i�,'��
<br /> taxes, assessments, insurnnce prenuums and gmund rents as chey fa11 due. such eace�� s1�aU l�. at Bonower's optton. ,sir_;_-��
<br /> either promptly repaid to Borrower or credited to Bnnower on monthly installments of Funds. If the amount af the Funds
<br /> : . �' ':,:-" '._.�
<br /> held by Lender shall not be suffictent to pay taaes. a.5sessn�ents, i��surance prenuums and ground tents as they fall due, _ ���'.
<br /> ,..
<br /> '.: Bczrrow�er sl�all pay to ixncler any aniount necessary to malce up the deflcleixy in one or more payments as I.ender may
<br /> - ° require. �
<br /> — � f r 1 pnder shall romptly refw�d to Bonower any Funds
<br /> U�n payment in fuli of aii�uws x;.u��d tsy dsf� L�xc!n•Tnls_. P - —
<br /> held by Lender.lf u�xler parasrap�� �7 hereof the Propeny is sold or d�G Pr�perty is otherwise acquired by Lender,Lender
<br /> • " � � shaU apply, no later tha�� inm�edtntely pdor to t he:+a le o f t h e P m p e r t y a r i t s a c q u i s i d o n b y Lender, an y Funds held by
<br /> Lender at d�e time o f app l i c a t i o n a s a c r e d i t a g a i n s t t t i e s u n�s i s e c u r e d b y diis Deed of Trust. �
<br /> 3.Application oP Payments. U��less applicable law pmvides ndierwise,a11 paYn�enGs received by Lender uncler t he
<br /> .. Note and parab*raPhs l and 2 hercof sl�all be applied by Le�xler first in paym�nt of amount�payable to lxnder by Horrower
<br /> � u�xler paragraph Z hereof,then tn interest payable on the Note,anct then ro d�e priucipal of the Note.
<br /> � 4. Prior MortgA�es and Detds of Trust; CttsirQesi u�• B�rnWer shall perform all of Barrower's obligutions
<br />_ " " under any mortgage, deed of trust oy othoV,s�en�nw�n ctue.Hon wer liall P Y1 p�����Paid�11�i�De�sments .' .
<br /> --. -- - itx:tuding Bu�ruwri'S WveridsltS:��.^•.-��,t.._ _ _
<br /> �. ; and od�er eharges. fines and impc►sidons atMbutable to die Pmpeny wl�icl� n�ay attain a priority over tf�is Dc�I�f Tcust.
<br /> ' ancl leasehofd payments ar ground renGS,if a��y. �
<br /> ��:°,..,.,,, , g, Yi�r�➢L�surance. Borrower shall kcep the impmvements m�w existing or herea@er erected on the Property ���
<br />=,`>'s.,...,';"�.te, ', insvmd against loss by fire,ha7ards included w+ithiil the term "�xte�xled coverage", and such otl�er hazards as L.ender may �
<br /> "��5�;�:%'��': reyuire and in such anx►unts and for such F►ericxLS as I.e�xler nwy reyuire. __
<br /> �,.;:..:.,.•
<br />��:-�,•+:�-'�r ' T4e insucairx carrier provtding the iasurance si»ll t►e cho�en by Banower subject tn approval hy Lender; provided.
<br /> ' tis . � that such apprava! s1�aU nut t�e unreasmeably witt�held. Atl iiuurance policies and rei�ewals thereof shali be in a farnn
<br />„r acceptable to Lender avd shall inc:lude a stat�dard nx�rtgage clause in favor af an�l in a fnrm acceptable m Lender. Lender
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