|
` ' " � � . ��...___ . ------ _--__:._._ _:___:_.:_.�.._._�.�._._.__.__.`..w.__. -. � , . --
<br /> I 4+IIFCB L TA.�MBRMAN ��`,0 1Q0412 09iZ6/2996 �'�r, �SKr__y_
<br /> °� 'e g��A�� .,: ,,��
<br /> . ► �fallaws: _ . .
<br /> � UNiFORM COVENAI�YfS. 8orrower ans!I.endPS coven�R�f� a� R�.R . •,c,.�, '-
<br /> • ����dpal and intezest , � `�Y� ��--
<br /> 1. �a y�t�t o� P c i��p�.l a n d H n i�e s s. B�r c a w e r s h a l l p z o a�d y p a y �iien due
<br /> f iadeb2edn�evidenced by t�s Note and lase charges�s pn►vid�in t9az Nate. � ..��, ., •- _
<br /> g. i�'�ntd�P��'i'ax�t�nd lasurunce. Suhject to appli�ble!aw or a written waiver by Lxnder.Borcower shaU pay to .��''.� s-. �
<br /> ' Lender on the day mnnthly payQ�eat+of priasipal a�i inre�st are payat+te under the Note.unril the Note is paid in fuli.a • .' . '°.
<br /> sum pte�eia'Fuads')equal to one-twelRh af thr yearly taxes and asse.csmenu tinclu�i�g co�ominium and planntid�nit ;;"«. -..�,_'`_ :�
<br /> ' � �
<br /> � d�vetopmeat�nts. if anyl�vhich may aatsin priority nver this Der.d of Truse. and ground rents on the Prc�perty, if . _--
<br /> ��-'.�
<br /> � any.plus one-tcv2lfth of yearly premium iastallutrnts fiir hatard insurante.plus onr-cwelRh of yearly premium installments : ., � � '�.. ` `" '_
<br /> for mortgxge insu�ance. if any. al� as rzasonably es�in�,ted initially and from ame tn rime by Leader on the bas�s of . .9,�-'T`:°`-``- �
<br /> � • a�ments and bills a�d reason�ble estin�atPS therenf. 8orroYrer�1aa11 nnt be ubligated to matce sucd Qaym�uts of Fuads �. ?-._
<br />`�`� ro lx�der ro t6e exteat that Bormwer mzkes su��ti paymeuts eo the holder of s pritn�nn�g�ar deed nf tzust if such holder ____:__. __ _ __
<br /> is an inniturionJ lenslet. � � -
<br /> If Bormw�r pays Funds co Leader. the Funds shall be held in an in.�tituriun tt�dePosits ar zccounts of whic6 are , .
<br /> w°r
<br /> . iusureii or gu�runtaed by a Fedrial or state agency(including[xnder if Lender is such an institutiun). ]x�r shaU apply .,,.�_ -.. _
<br /> the Funds ta pay said taaes,a�sessments,i^�+,•a�premiwns and gcou�renrs. Lender may aot ct�arge for so holding and ', ",�.; •r.r:-,.i v`:.,�,�
<br /> aPP�Y�B the Funds. walYzin� said axount ar verifying and compiling said assessments aad biUs. nnless Lender pays ,q�;:_s�`�" . �`���� -
<br /> : Sonnwer aueeest on the Funds aad applicable law pemvis Lender w maSce such a charge.Barrawer and Lender may agree .<.��;��:.:_:�_Y :__:
<br /> ' in writing at the ti�e of execution of this Deed of Tnut that interest cm the Funds stiali be paid to Bo�ower.and unless =- -
<br /> . suc6 agze�ens is mzde or applicable taw reqaites such inte�est to be paid,Lender shall nnt be requiied to pay�orrower � :� _•�;.�:�.._:,-�-_ .
<br /> ' -�'-,=�,=�,.,:-
<br />�, a u y inte�est or eamings on tice Funds. Leader sha3l give to Borrawer.witfiout charge.an annuat acsountin�of the Funds - ;;�-_.;.,. - .. -
<br /> � siwwing credits and debits to the Fimds and t6e putpose far which eacl�debit to the Futsds was made. The F u n d s are .:�r.:,,i;- _�
<br /> �. �.� pledg�s�s edidiaoffiI security for the su�secured by this Deed of Tn�.st. `:�•'��''_ �
<br /> s i _�.,.
<br /> If the amaniu of the Funds Aeld by Lender.oo�ther with the fusute u�ntNy in�a11�°�of Fu�s payable prior to �= ��
<br /> . `, the due dates of taxes,a�..*�,S im„��premiums and gmu�rents, shall exceed the amrn�a requered to pay said
<br /> �,<-���
<br /> ..• ". taxes. asessmeats. ins�uance premiums and gouad�ents a4 they faA dae. svth eseess si�ll be. at Bmrower's op�ion. � w `- '_-. _
<br /> either pto�PdY r�aid to Barrower or credited w Borrower on m�n t Wy i n s t a l l m e n t s o f F u n d s. I f t h e a m Q U n i of the Funds _ �^" __T N
<br /> .:..f'.v_� ' "
<br /> h�id by L,eader shall�nt be sufficieut co pay taxes.a.�ssments. ia�uanae premiums aBd grouBd rencs as t8�y fall due. ';• . :�;�.
<br /> Boma�vxr s6all paY w LenBer any anwunt necessary to m�ice ap the deficiency in one or mnte payments as Lendec may .'�c^� _ ._ ._
<br /> �.�.
<br /> �re• ...
<br /> -. Upon p�ymcfa in fuil of aq sunis secured by this Aeed of Teust.Lender shall piampUy refund w Bomower auy Funds _ � � .i�
<br /> � hetd by Ixndc�If�nnder paragap617 flereof the Property is sald ar the Property is otherwise acquired bl►IBnder.ievder . ;,.;'�� .:. � �;°;
<br /> ,N,' I; . �'--.-
<br /> s�11 aPPh►• �lztea ti�n imms�liatefy prior to the sale of the Pcoperty or its acquisidon by Lender.anY Fw�ds hetd by •. �,,,:� .`..;�;.
<br /> "„�-. Lender at the cinse af app�t"szm as a credit against the sums secared by tbis Dced of Tmst. �'"' � '�` �, -
<br /> .�.:;;;;� ;.Apg�of Pgpmem4s. Unless applicable taw pmvides otihenr�ise.all paymeots�eceived by I�nder u�er ttree �'._�` .
<br /> .�`;s�' Note and pata,�rap�s 1 and 2 heceof shall iee applied by Ixnder first in payment of amrnmts paya2rt�tn Lesder by Eormwer ' -
<br /> .• undet pangraph 2 tten:of thta w interest payable an the 1�Iote.and then ta the prinsipal of th:.;�[ur,�_ ;�.y�.-`4 �Y�j,,,, , ',�; �—
<br /> '• 4. Pirior Martgages aad Detds of T�t: CharB�+. I deng. Barrower s i�a l l �S e r f a r m a ll a f E o t r o w e r's o b l i g a ti o n s �• .,., �!.� .. :��
<br /> ��::,., witd a tien wIurh�as fniority �:�r this Deefl of T� ' �rl ,�
<br />. imdes anyr murtgage.deed of wst or othep security agrcem�nt _ o
<br /> including Harnn�ee's covemnts m malce payments when due.Bomnvrer shaU pay or�to B���a11 taxes.asse�ems
<br /> a.nd otiter�, fiaes aud imposi6ons asacibutable to the Prnperty which may atmin a prioriry csver this Dee�of T�ast, . . : `
<br /> �z!fe�s�al� �or und rents,if { , �.-
<br /> l�t � �• � - .. ..
<br /> p��{��� . .�.ty�- '._�.'�'..�:"�..
<br /> . 3. Har.�B�'��- gomawer s6all ke�p the ia�mvements now exisan� 4�hereafter ererted an tire I�operty .�;' ,
<br /> H
<br /> . �, iativred agaszna L��bq ff�,ha�uds insluded within the term'exteuded coverage°.ar.a1 suc]�ather h�rards as�der may , , r � .. : ':'�.' �.,.
<br /> L' ';:s._
<br /> '�:+':;:" i e q u i i e aad i��v:�i amaunts sr.d far such�iods as Lender may reqaire. ,�,,
<br /> su h '' '.. ` `
<br /> =�'r :'�:• .
<br /> ��.'�'�� 'tiie i�:curier pmvlding tite i�sanse sl�ll be chasen by Borrower subject to appia�a�fl 13y Lc�nder:pmvidod, �: . ,�`- .
<br /> i �
<br /> � ' s�sas sacb�cctval sh�ll not 6e ume�ueft3y witbheld. All t�suiance policies and teaevvals��f sLaU be in a foim � .{����- :' �•°� " '� �
<br /> c va
<br /> � � :u:r.r,riable to t.eoder and sha➢1 inciude a stsndard man�t��cl�use in favor of aud in a form acceptabte to Lea�st. l.e�er A,
<br /> have dkr�ri t to hold the licies a^d r e n e w�l s s i s c r.'�+�f.sabj�c t m d►e t e r m s a f a�y m n rt�e.d a d o f t rn s t o r o t h e r �"''•�� -_ - - .
<br /> . sioail Sh F° •
<br /> securtry apc��t with a lien which ka.��3rity over dils Deed of'f"m��. , , , ..�_
<br /> ' In the cvt.m of loss.Bairower siu�U i3:,e protupi notice to t�e a�ur^.�ce carrier and l.ender_ Lender m�y m�ice pmof � � ,���: --
<br /> . ' of loss if not made pmmpdy by Borraa�. ---"-E��
<br /> if the Fcogerty is��aued by L�crmwer.or if Barrower fails ta tespon�tn�i..ender within 30 days from the date �,,, ;-. . , �1 a,
<br /> n,
<br /> . �t .. :�.,.._ � . �
<br /> ' noHce is mailed by Lender taa IIama�wer�at the insurauce carrier offers to ssttic a ciaz.m for insurance benefits. Lender is L�, ,.
<br /> . autharL�oed to wlloct ead a�ply the iu�was�::.proceeds at Ixnder's opdon either w restoiarion or repair of the P�uperty or t� ,�`�..:L��_
<br /> a
<br /> , �p., �r°';i)�;�.'�.���.
<br /> ,.,,•;�� m the sums seceued by this Deed of'Pru�n:
<br /> '`'�:`�`'�� 6. PresarvaLlon and MaUUenanoe af Ptope�ty; Leaseholds. Condomini�; Planned Unit Devdopments. +���'�'.
<br />.?`<�.
<br /> . : g�ruwer sh�U fceep t��p�P�ny;n good repai,r an�shaU not commit waste or permit impaIrment or deterior�on of the ___:_�..�,:°'__
<br /> �'�.::. p�p�rty a�d sLall compfy wath the pmvisions of any lease if this Doed af Tn�st is on a leasehoid.If this Deed of TnLSt is -° ---=--:
<br /> w
<br /> 'i1'Si`; on a unit i�n candominiwm or a planned umt devetopment.8orn►wer�aU perfurm a11 uf&►rrower's abli�ariaas utder the ,ye�:
<br />':.:'r�15{�1 declaratiuu ar covenwts creating or gnvc�ing the con�ominlum or�ria�ed uait development.tht by-laws wfl regu1adons �t, ,
<br /> ��'�;i'� of 4it�oanSoa�iIIiam or planmd nnit deveiapment.and constituent drxa�meats. �_� --'�Ij:
<br /> �• 7. P�vtestlon oP Lar�'s�eeurity. If Borrower fails co pErCrrm che covenants and agreements conta.in�in this ht;(�: '.�
<br /> Dced of Trust.ar if any acti��a or pmceeding is cammew;�d whicF�materially atie�a.y ixnder's interest in the Pro�ssrty.then �„3����* _
<br /> � Ltnder. at i.ender's optron. upon natise to Bormwer. may make svc6 app�,r^..sues. disbnise such si:a�. including �.;�?��: --
<br /> . ..:y:� .;... :`
<br /> . masomvle attotneys' fees.amd take sucb acdoa as is n�ary m pmtect Lender's interes� lf L�der�equ��B�Se :��,�� �.
<br /> im-utance as a wndition of a�aking the toan secured try this Deed of Trust. Borrawer shall pay the premiumg required to .,. r:-i
<br /> . . maintain y�sch insurance in effect untii such am:as the requirement for such insurance termivates in acsoNance witb •.'�'"�'�'"'��
<br /> - :r,.... _ �;
<br /> Boaower's and l.ender's written agteement ar appltcable law. � .
<br /> . Any amaunts disbnrse�hy ixndet purs�ant ta this paragroph 7. with interest thereon.at the Note rate.shall b�come � �
<br /> ydditioml indebtetlness of Sorrower secured by this Deed of Tn�s�. Untess Bomawer a�Le�ler agrre to other te•rms of • � '�
<br />' � payment. such amnu�s shal] be payable upon nodce fmm Leader m Bormwer requesting paymeat tt�ereof. Nothing ' . :. ' '__.
<br />_ contai�d in this paragrapb 7 shall require Leader to incur any eapense or take airy actioa her�w�er. . "..• . , _
<br /> 8. Ic►spectlaa. Lender may m�ice or cause to he raade rrasonable enuies upon and inspestions of the Property. _• • . �-
<br />. p m v i d e d t h a t(e n d e r s h a ll g i v e B�r m v re r n m i c e p ri a r t o a n y s u c 6 i n s p e c 3 i o n s p e c i f y i n g r e a sonable cause therefor mlated to • . � �
<br /> ;--�.,
<br /> �. . . -_._
<br /> _ _'. IEnder's interest in the Praperry. -'_ ._ . ._ .
<br /> aenmstn 26a7a-z Sr9s Originai(Racordad) Copy(Braach) Copy(Cu�tosar) Page 2 ot s ��. : ' . �
<br /> ` .. � '. • .. ,. .• . � � . . . .. .. .� . , , . � . i .. _ . �f+.. ' • , • , _
<br />
|