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<br /> ST9VSN F. �OSINSKZ 'rI21.z� KOSINSKI 100438 10/21/1996
<br /> tJ;^'IFORHi COVENANT:S. Bcrrower anci Lender covecu�r.t and agree as follow5: 9�'— ����4��
<br /> l, pay�neni of' Princi�al and Intere�t. Borrower shall prompdy �ay when due th� piincipal and interest
<br /> indebtedness evidence���y the Note and late charges as pmvided in the Note.
<br /> �. lFunrls t�r'7'nxes ar►d I�urance. Subjcct eo agplicable law or a written waiver by Lender,Bo:rower s6s11 pay co
<br /> i.ender on the day nionthly gaym�nts of pri�ipal and interest are payabie und�r the Noie, until the Note is paid in fu11, a
<br /> ?j sum (herein °Furds`) equai to one-twelfih of the year?y Cues and assesssa�nts (i�luciiag cousiominium aad planned unit
<br /> .���; developr:tent a�se��nu, i;any) which may attain pr.ority ovcr this De�d of T:t:st, and grouncl rents on the Pmperty. if
<br /> 4<ti; any. �1�;nne-tw:lfth�f yea•�y premiur�instali�ents for hazard i�sranc�,plus o�-tweIk.h of yearty premium in�tallmenee
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<br /> Y � ``��'• for �na:x�3ge =r.surance, if any, alt as reasoaably estimated initiatly and imm dme to dffie by I.ender on the basis of
<br /> � ,�e�;, �
<br /> � �"";: ausessn�enic asid 'o:lis and reason.b:z estimztes therrof. Aerrowez shal(not be obligated to make s�naymen:s of Funds
<br /> � to ix��der±o th�ez:eLt tha2 Borrowc�•�es such pa}•�ns to the bolder of a prior mortgage or dexd of treu.�f such hotd�r
<br /> ���,�,,�;s is ar,i�.stiC��ar,al lender.
<br /> �'�' If Ba:rower �a s Funds tc. :x�ui�r, the Funds shall be heid in an insdtution the d its or acco•.mt� of which arc.
<br /> ��'"�°��� � )' �
<br /> ��r,, � iasur,� or gi:aranteed by a Fe�erai or ytate agency (i�luding I.e��der if Lender is�uch an institution). Le�er shali apply
<br /> � � ttie rur!rls to gay sa:d taxes. assessmrcais, imsa.-ance pr�miums a�gro�renu. Leuder may not charge for so holding and
<br /> � ap��lying tL•e Fur�s, aaaly�ng said accouut or verifying aud com�iling said assessments and bills, unless Lender pays
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<br /> i�r ± Bcn awe*interesi�n the Funds aad applicable law�rmiu Leuiler to ma.ke suca a charge. Borrower a�I.ender may ag:ee
<br /> .v� in vrriting st the time of ezel.utien of this Deed of Tn:st that interest on the Funds shall be paid to,�orrower, and t::�iess
<br /> � ��' ' 3` such ��reement is made or applicable law requir�s svch inierest[o b`�aid, I.ender s�a11 not be required ro pay Aormwer
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<br /> ,�� k _� any interest r,r�.�rnings en t�� Funds. Ixnder shall give to R�rrower, witiout charge, an anmxal accounting of the Fimds
<br /> ,��� �.hcwing creciis an� debits to t}- Fvnds a�d the purgose for which each debit W the F�ds was macie. The FundS aze
<br /> t ,� Fledg°cJ as a�ditio:�al security for the sums s°cured by this IJecd of Trust.
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<br /> � ,�,, ?f t`�e �unt o.'?�ie Funds held by Len�er, toQether witti the fi:[ure mont�2y instvlmr:�ts of Func;s payable prior :o
<br /> ��`�,a� t}�e ;iae dates of tazes, a;sessments. insurar,ce premiums and ground ren��, shail exceed +.�� 2m.i�tL,° re,auired to p�y said
<br /> � �t,�,�� azes, �ssessmencs, irsuran:•e premiums and gmu�d r�nts as they fall di:e, such ezcess sha11 b��, at Borrower's option,
<br /> R �.� either proJnpily repaid ro Bonower or credited to Borrower on monthly installmenu of Funds. I.'tt:..amount of the Funcls
<br /> L �` held by L.ender shali nat be sufficient ro pay taxes, assess�nu, iASUrance premiums and gmund rr.nu as they fall due,
<br /> ���� Bon�aw�e: sha.11 pay to Lenddr any amouLt nec�ssary to make up the deficiency in ene or more payments as I.enrier ma}�
<br /> ��a
<br /> ;�:�.��,� require.
<br /> CL �`3,'
<br /> �,� „ UDCn paymrr.t in fuiI of a11 suaL secures�by t�is Deed oFTr.ut, Le�der shall promptly rtfurxl tu B�*r�wer an�• Funds
<br /> ���,�; he�d by Lencier. If�ruier�a�graph 37 hereof the Property is sold or the Proper.y is othenvisr.acc�uirr.d by I.ender, Lxnder
<br /> .�� shall apgis�, no lat�r t�an im��niaiely Frior t� �he sa�e of t�e Propert} or its acqiis�tion ty Lea�i�r, any Funds helct by
<br /> Lenrler at the time af appiica.tion as a cmdit agairst che sums secured by t�is Deed c��Trust.
<br /> 3. ApplicaYion o�'PayrrEents. UnIess applicable Iaw provisies othere�lse, 21i payments received by I.�*_?de�under the
<br /> Nate aud�arzgrapl� 1 and 2 aerecs�sha21 br.applied by L..-nder frrst in payment of 2mounts payabie to Lender by I3orrower
<br /> unde-paragrg�:2�ereof, then to iutere�t payabie on Lhe Note,an3 then to dte pr.ncipal of the Nate.
<br /> ,��. �3. Pr.-ior Mortgages and IDeeds of Tauct; CheA-gcs; Lieru. Borrower sha!I perform all uf Borrc�wer's obligadons
<br /> '� ender any nrongage, need of crusc or other security agree�r,t with a Iien which has priority over :ius �J�a ot 1'rust,
<br /> ��� `�` includinb �orrc,�ver's covenar,ts ro make gayments when due. B�rrower s:�zl:pay or ca:i.ce to be paid all tases, assessments
<br /> .� '� and ocher charges, fines and ispositions attribu[able to the Froperty which may anain a prio:ity over this Deed of:rust,
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<br /> ,�;��- and teasehold paymencs or grcund rents, if any.
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<br /> ���' � '�` �. Ha:Brd ir�surance. Borr�wer shall keeg Lhe impmv°ments �w ezisring or Le:eafter erected an the Property
<br /> �' �' , insured against loss�y fire, t�azsr�Js included within the terus 'ezte*_ded cc�venge", a*di�uch other harards as L�nder may
<br /> �, , req�ire and in su_a amcunts and for such perieds as I.ender may require.
<br /> iZ:e ins�:ra.nce carrier mvidin tL:instsraricc shall be chosen b Bocrocver sub' t t -
<br /> P 8 y 3ec o approvat by L.e.�er; provided,
<br /> t�:at s:cb approval shall nat be unreasonably with2:eld. All insura�e policie� ynd renewals therre�of s�hali be in a form
<br /> 5. " accepta�Se to Lender and shall include a standani moRgage ciause in favor of and in a form acceptable to Lender. Lender
<br /> sf�al! have the ri�ht ro t:old:he policies anri renewLis ther�of, subject te th�tercas of any mortgage, deed of irusi or other
<br /> � �.:curit�•a�ree�ent wit�:a lien v,;�ic�has priority ave:this TJeed oi Trust.
<br /> � In the event of I�ss, Bo��Jw�;r shall¢i��°prennt rotice to die insuranc�carrier aad Ixncler. Lender may m:�lce proo:
<br /> ; ' o:?ess i;u�t made proLn�tIy by�Borreh•er.
<br /> 3' - If cne Proxr;y is abandoned by Berrower, or if Borrt�wer fai:s to respond to Le�der within 30 days fmm th�: date
<br /> �' �`, ` nctrce is aai;ed �y Le�der.� Ba�we: that t�e iusw-a�ce ca.^.ier offers ta sectie a claim for insurance benefits, Fxnder is
<br /> �:- autnn�ze� to cotlec;and a�ply the i�surance pra.�eds at Le�r's�ptien eicher to restoratiQn or repair af the Property or
<br /> to tize sum;secvred by this Deed of Trust.
<br /> � 6. �sereation and �ia�n4ensnce of Pro�eri9; I.ea..Eeho3ds; <.ouci�rniniums; Pian�ed U�ii Devefopment�.
<br /> -�� Borro�ver s}�atl k�eg th� Property in good repair a�d shatl not commit waste or permit impairn�^.ni or deterior,.tion of the
<br /> �.'° Property 2�shall compiy v�ith the p:avisions o:any lea�if this Deed of Tn�t is on a leasehold. If this Dred of Trust is
<br /> ° ,�,� on a un�e in a condeII:iniu�i or a plan.�ed un;t deveIogrr:ent,Bor*ower sh211 perform alt of Borrower's obligzdans under the
<br /> r ' d>clarafian�r cover.r.nts cre�ang or goverr�ing the condonvcium or plaYned unit cie�•elog�eni, the by-lavrs ard reguladons
<br /> of the co.�d�L*�i�iun er plann:d u:iit devetopnient,and con,,ti?u°nz docurBents.
<br />�. 7. PraSedicar. o?' �rad�r's S`ctu�ii�v. If Borrowcr faals to perform the covenantS and 2greecne�ts contained in this
<br /> � Deed ef Tnsst, o:�;any acuon or�;txe�ding is co�ime�ced svsich mztzrially affects F.ead:r's ii�te^est in the Property, then
<br />� L�n�er, at Ixr.der's eptio;,, ugon nctice tv a3onawer, c.nay ma'�e si:ch appeaiances, clisburs° such sums, inrluding
<br /> rea5o:�abPe att4fYlCy'S' feµ:, ar.� taxe such acdon as is neces�;,ry to�rctect I,ender's interest. If Lender rec�uired mortnage
<br /> i �,'���"°, ?nsarar.ce a., a cor�±icion ;�f i?za�:ing the ioan securecl hy dus Dred of Trust, Botro��er sha;l pay the premiu�s required to
<br />�. tiA�" maintair s�c� i��-urance i� effe�t untii slch ti�e as tue r�CUiremeni for s�::h in;�i°ance leruunates in accorcfancr with
<br />`}� a�' Borrc�tia�e�'S�ai1 Ix�iic�'�wdua�t a�.rc;en�rti o:appiicable law.
<br />� ��`'� Any amounts dis'+ursr_d by Ixnder purs,iant ta t�i� � ?��ph 7, with interest thereon, at 4'�e Note rate, shall becoux
<br /> �'����,�� a��ditiona! ine, h:°�ic�ss of Borrower secured by this I?eed e�i -;�c. Unless Borro�ver and Lrrnier agrec to othrr tenns of
<br />� ����`� �;aya��iic, �s..7� �:-nounts s'a�ll he payable upon notice from Leniier �� Borrawer requesting paynr�nt therec�f. Nottung
<br /> �r,ntaira�ci in this�arsgrapb 7 sha.11 reGuire LendNr to inctir any eapensci�. =_!;e any actioa 6erettrider.
<br /> � � se
<br />�r� S. Trsper.t� :n. L?r�r�er may m�kr or c�ius; to t� made r�asoa3bie e.. ':°>: upon �nd inspectiom of t�e Property,
<br />°�Y�'�� p give Barro��er notice -ior to an rsch'
<br /> ���:,�`� rovi:ied diat L.��t�der shall p. y, inspeceion sprcifying reasouable cause iherefor re]aG.-d to
<br /> ��,�; Le:nd+_r's inte�e:�i in t�e PreFerty.
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<br />�� N��ra<ra 2rx.76: 5;95 O��ginal(R9cordeu! Cop}•(Branch) Copy(Cuatamer) Page 2 ot5
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