|
'�� ` `"( ..is.._._._.` .�'.u. `F.� I u ...t,e:)�..F�\�r�w .� k -._�. �_ "_ 1 .A..�i, . �_
<br />. �� �-. _W�r
<br />'� `�..y ' t 1� ��� �Y___�
<br /> � <,..Y[.i����]_:,�
<br /> ' � ' Bom�wer covenants that Boab.f�r is law�tiy seised of tY.c ec�ns trtrsb/conve � and has the right ca grant and convey �
<br />' tha Progerty.and t6at the Property is unencumb2�ed. except fet ec�anu5t,'s�ces of rzcord.Borrower covenants thss Bonower ,?` �
<br /> warranta and cvUl defend geueraUy th2 atle co the Progerry agni�t a�i clak�s ar.d demands,subject to eacumbrances of record. '. °r,. '' • _�
<br /> ' UIVIFORM COVENANTS. Borrocrer and I.cnd$t ca�renact amt a�cc as follows: i :� : ,,; °_.
<br /> 1. P$y�t otPrtncip�!�n�Intesesi. Pflrrower shall�-u�r�t;� �xYy wt�en due the principal and inurest iudebtedness �, . _. �
<br /> evidenced by the Note and tate charges as provi6ed in the Atat�. ' ' ,.
<br /> ` 2. F�mds�or Teges and[n�auae. Subjeci to app['ccuDtc Iav�a�:a clritten cvaiver hy Lender, Bonowet shafl pay tm �
<br />. Lender on the day manthly paym°nts of principal and intereci are payvkfa.u�dQr the I3ote,until the Plote is paid in fiill.a sum . •
<br />' '�. (herein "Funds") equal to one-tcvelfth of the yeazty taxeo ar.d asat�ents (including conslominium and planaed uni • ' _
<br /> development assessmentv, if an}r)which may aaain priariry o•rer thin Deecfi of Tnzst,and graund rents on the Property,if an� • • _��
<br /> <. .:_ pius one-twelfth of yearly premium instaUments far hazard ir�ura.�,:e. p'.�s or.e-rnelfth of yearly premium installmeats fo - �- _ --_` ___Y j,
<br />"t�� mongage insvrance, if a�r.aU as reasonabiy estimated iaieaL`/ar.�S. firn.w�tim� to time by Lender on the basis of assessments� '
<br /> and bills and reasanab2e esu�nates dureof. Borrower sha11 cos br, abi;{,tssfed to make suc6 payments of Funds w I.ender� • �:a++,w�
<br /> � the extent that Borroorer makes siccb payments m the tw'der of a pr.iEr�ortgage or deed of tr�st if such 6older is —__P- '-°--_
<br /> instinuiona! tender. `L:1�:;�-,-fk :.
<br /> If Borrower pays Facds tn Leader,the FunQs shall be l�ld i��inuta�COa the depo�ts or accounts of which aze insared '�;.:,� �
<br /> or guara�eed bp a FEderal or s*-.��ge�sY(i�.:.d'ang Lendcst if l,�ndar��ch an institntion). Lender shaU apply the Fv�ds -..;:�'.:"'�i,�:�• :., : �
<br /> to pay said�.,:�eass,c:��-�..rme f,».-�*^-�and gro:md team. L1s�d6r�ay noi charge for so 6olding and agplying t�e �=��;A�tr,r�r-_-
<br /> . �tr.�da,anaIy�r•t;sai�axar.�cer c�ifyin���ca�PiliaB sair�3ss.:3smnuLi au�ii bills,unless I.ender pays Borro�ver interest an • ,`s g�
<br /> . �F i�e�ur.ds at►d�'_:�b'.e Ia:�p�-,i.*ts Lendsr:�make such a r.l�r�;e. S.._�ro�et and I.ender may agree in wri4ing at the time _ _..�.. - --
<br /> �. �. .,.
<br /> ` cf an..�^t:tion of dis Deed of Ts��at interesc on[he ELcuis sG:�il�De Qaf�to Bonower.and unless such agreeffient is made z_ `�2-� .
<br />,,:t .; cr a�:=.`.�ble law requQes s�:c��est to be pa±d.I.ender shall.v�G be�tx�ired to pay Bar�wer any interest or etunings on ... --�'�"
<br />_ -_ �,z,.:_
<br /> � C��s. Le���11 give w Horrower,withtout c6arge,ats a�u:il acr�:a�ng of t4�R:rds showir3g axedits and debita w �_.-�"-�,t-"�'��
<br /> .{..�.���>.:�:-�.
<br /> dr� �-.�s aIId�u:rspose for whish each dehit to t}to FUnGs was�nd{s. 't7ie Funds z�e�?sdged zs�didonal secarity for .;�,,,„�.�_,Y�
<br /> ' �s�-�..:..s securea by tbis Deed of Tnrs[. ����"
<br /> Tf Lke amauut of the Fun�Is:�i,d by Lender,wgether v�itt�� fanire xccntLly inst�[�m��-s of Funds payable prc�x e�the r`',�y�� _
<br /> — k0 �'L+cc;:. _._
<br /> ri�sre�;ates of taxes,assesssneacso ?rac�±anc�pramiums and� re�rn: �ha1i exceed the�oum required to pay sai"s iaxes. - p,y ,
<br /> a:��er±•�,j�Ce PtP*r+inmc .:IId ground rents as they�.L'•J�,soe[e•�ccess sbal'be,as l�rrower's uption,eidrer�ptly • � � �'�` �. .,
<br /> ' � -g'�Ji'�`- � ..�-�.
<br /> . re�aid tn Borrov�er or creditsd to Borrorrer�3r�ontiaty i�rat�,srJn o��E�ds. Ifthe amowrt of the F��ads fle23�y i.ender �. ��%•�;,�;•.,�„n�,.� •„�.,�
<br /> shall nat be suffictent to pay taxes,asse�ts, �s�u�nce p�ronwm a�r�gound rents as they fall dme,�c.rrou�s�a.0 Qay �•`�:;;�' ' . �='r a<:.';'_-
<br /> w � �,
<br /> � •`� ` )�:-'' � 4-�srw_". �.
<br /> to Leader a�+amount uecessary W make up ah� defciessey in.���nn or tex:�paymems as L.eader ma3 ca:�:.-e. _,. fk�%>.�;��: � �-,.ri�1::_.
<br /> . . Upon payment In fuD of atl sums sec�a�6y this Deed o�3r�r,[+sader shall pro►r�u:y cefhnd s��;�ror�er �'s�IIds ' '"••.". �f -
<br /> heid Dy Leader. If uuder paragraph 1�h,esr�-�f i�e P�operty is so!d.��r t��Properry is�.,r9r:�e siec;.ric��y S.ea�:r,Ioe�der •t��:!K���'� '":�_.
<br /> ., shall aFPtY,na later tbaa*i*�*����?�;Y Privc�ts��e sale of thn Pl•ap�ariy cm ib a:quisitsa��y:.�det,�u'+oms�eld�j s.�der :,}�y��°:;.: `� :�`-
<br /> ' at the time of application as a cre�s a�ai��c�sums aecured b/.$in Deat��a�'�LS-�..� I� ~j e ". � r� ,
<br /> :, � 3. Ap�lkatloflot�iymieut�. FJ6L-�:r#��lticablelamp��i3QOOtF�unaisa.atE�-��:.�:�:�eivedbyY.eadernnderiaa35�^z ' ��irfF.'•:...,.�z.. '�"► --
<br /> : k aud ara 6s 1 aad 2 heceaf�sr:d tie a utd b Lender frr�t in. 1� yet�•t of amo�nt� .�2e w Lender b Borro�r r�mdar ��` ,�`�f%�i��=•a` •�� �.
<br /> . P S�P FP Y '�.1�'Jl �"7' Y .
<br /> ' paragraph 2 hereof.then to�n�-t payab}e on Wa Nate. aad Wsn:tc�•v�e psineipal csf�e Nate. � �� r —
<br />, � �. . 4. Prlor Niortga�a and Qceds of'D'ro�st;C4titcgea=3:lecm. ��rtane�shall perform all of Borrower's obligatlons under s�
<br /> . � ;= any morcgage,deed of trust or o�fier sec�sity agreement wi�x a Eustz at►ic6 t�as priority over tLis Deed of Trust. intiuding ' �'.ij� __
<br /> .,,.___.._._ �., ..... �w�a r,.^ ° -
<br /> , a�vaavw�a a vincimicio w ia�er j."sjua:»•r . �.C.i�1�'.C:m�f.is���i'j 8L CdtiiSi.iD �Si.Q3I(���7[C3�SSSCSSIII�IIL4 SD�0�lCI
<br /> . ctiarges.6nea and imposIdoa�at�ibntable to the Propecty wlsfeb uu►y aa:aia a priority over dds Deed of Tnut,aud leasehoid
<br /> , '` payments or gound rents, if any. ; �, °�
<br /> � ` S. Anzard In�use. Botrower shall keep tha uupra�aemeNn nww existing or hereafter erected ou the Property iusured . .'#',•.
<br /> �. ..}� against loss by fire.hazard4 included withid tho term "extnttded w•rrxzga",and such other hazards as Lender may require aad ';,::_''f�=•
<br /> • in svch amaunts and fo7 sucb periads as i.ender mny rcqnire. �-;:,.. _
<br /> �� Ttie ia..�uanee carrler providing th�Ins�nce sha1D be clwoan 6;�E�rrower subject w approval Iry Lender;provided.that — "
<br /> such approval aball aot be unreasonably aitbhald. A➢1 influrtnca pa:xies and renewals rhereof svaU bs ia a form acceptable
<br /> •� w Le�er and sLall iucluGe a staudard mortgage clauae la favu Gs and in a form asceJ�:€�le co I.eader. LenQer sUa111tave
<br /> ; 'i the right W hotd tM policies aad rene�+ats thereof, subjcct w�thu terms of any morc�q��, dead of�nst or other �.uriry Fr-.-.-�M�""-�-.�-��:�'_�.
<br /> •;,�•; agrcement with a liea wLich bas prlority over tlil�Deed of Tim►t.
<br /> ' .� 1a the eveat of lo�,Ba�rower shat!give promDt noaee ta�:hu i�mirauce carrier�Lender. Lender may make�of of �� yE_ � -
<br /> �';_. loss if aot made PromPt�Y h5+Borrower. �..�"��
<br /> . � If thv Pcoperty is abaado9ed �y Banoaer. or if Bdrrovr� faitu co respacd to Le��eu ca�ithln 30 days from the dzne r�ce ��°_-—
<br /> . is mailed by Lender to Bomnaer that th�insurance ccuriar�o�B:ri to settle a claim for i�.ra�ce benefits.Lender is ac�tltrs�.zed -_`_
<br />
|