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<br /> � � Bortower cavcuaat+ that Fiorrowtr islaM�Ntltyceiss<!of the et.tate heteby coaveynl uicl hu the riQht to grant ual coavep _
<br /> l�l.'Y[Oi`YTIy�u�A that th�e Nr�+e�+iru.nen:umouui. C1CG�l fW csi�t+++iuiaiwCi �i C��3iu. �:.�,C':���^.^:'�.'S.^..:��I�'a:P.3.':.^."'..`�•i —_-
<br /> wutants and v�illdefend�eneraliy thc titk to the ProportY aYaiiut sll�lYLus�xi�.t.,auudr,subjcct to ccc:wabt�uca of rtccud, -_
<br /> UNIFORIuI COVENANTS. BorroWYr aud Lender covcnant Yncl�gra�s fiAluw,�: ____
<br /> 1. .Ppyment af Priacipal wd Iatertst. Bonower shaq P��P�Y �Y whea due ttu priacipal u�d intereu indebudac�+ � _
<br /> evi�eaced by ths Natc and lut chugec as provicktl ia the Natr. . ��� --
<br /> Z, Ftin�y (os'I'pxq sad iawrance. Subject to Qpplicabk law�or a written waivet by Lcnder, Borruwer sl�alt pay W
<br /> Leuder o�the day mootblY paYcuents af princips!and inurest are payable under the Notc,wuil the Note is paid in flill.a sum �
<br /> (hercia "Wn�ls") equ+d to oat-t�Plfth of the ycarly t�ces aiul assessments (inclucliag condominium �nd pl�uned udt � __::
<br /> devebpment asussmenu, if any) which roay attaln priority aver�i i:�.Deed of Trust.aiKl�round rentc on t�.e Pr�erry.if any, Q �
<br /> plus cxie-twelfth of yarly premium iast�lltaeats for h�zud in+rWc�+�sx, p lus oue-twe l f t h o f yeu ly premi u m i n s t a l l m e a w f o r _.
<br /> awrtgage icuurwce. if any.aU as reas.�ly CSt1Q1ALC�I 1O1t111I}'iJ�btt`II1 t1A]C f0 tUi1C bY LCQ�IC� OIl tLC DAS19 Of BSSCiS(I1C3ui
<br /> and bills ancl re�,sonablc estimat:s taeeeal. &orrvv��r� sQ�ll nva Q►�c�.tiligzted N rnake wcd paywcats of Flindv W I.enBer w __
<br /> the ex3e:vt that Borrower malces sc:.�`� EW�e:.� e+i t�C haldct o£+prior wortrn�e or deed of trust if such holder is nn N _
<br /> {Ri�1W.^ri'�GLl� �6iK�CT.
<br /> If Borrawer pays fiusds to Lender. the Fundc ahall be held in an inuitution the tieposlts a'accounts of whic6 ato iasiued
<br /> or guuanteed by a Federal or rtate�yeaey(includin� Lender iE Ixtxler is such au instiwdou). l.ender shall sppiy the i�u� _
<br /> to pay said t�es,ussessmenw. ins.uiace preYnium�and ground�reats. Leadct ms►y aot chuge fur so tx�ldia�uW applyic�tbe
<br /> Fynds, analyzic�said�ccount cx verifyU►Y wd coa►Pi11aR uid'==;��."•=-."n u�d biW,uoku Laxier paY�Horsawer iokrest oa
<br /> the Fli�ls and spplie�bk law permiu Lender w aulce wch a chuQe. Borrower aac!l.eoder uwy ayra ia wtitio�u t!u tiate
<br /> of e�cecutioa of this Deed of 7�ust that iaterest oa tbe El�ii �tWl be paid to Borcowu.wd unk� cueb a�rameat i�enado
<br /> or�ikabk law requires wch inurest to b�e paid.Leader shaU aot be requiced w�y 8arcoaer �ay iatue�t ar euaic��oq
<br /> the �ad�. l.eade� shall sive w Borrower. wittrout clur�e.an�anual +ccauntic� of tbe � �Aovie�credlts aad de�its w
<br /> che Auad� wd tha purpose for wdicb esch debit w �he Funds Mia m�de. TI� Eiuida ue pkdYed s�addldooal �xuritl► fa
<br /> the wcu recurod by thL Dad of Ttust.
<br /> if tbe amount oFd�o Fwxi�held by Lender.w�ether wlcb the Nture monthly iastsllmeua of Fhnds paynbk pcbr to tAe
<br /> due dsta of wces.asseu:neats. iawraace premiums and Qroutsd reat+. :hal!exceed We �Awuat requtred w p+ry sdd tua�
<br /> asaetsa�eats� inwcance premiums utid�round nnu as they fill due.w�h exces�sLall be�at Borrawer'a optioa�e(tber pcomptiY
<br /> repild w Borrower or credited to Bo�rower oo monthly itutallmer.ts of F�undi. If the amount af the FLnds heW by 1.eader
<br /> stWl not be suPt�cient to pay taxea��sseuments, inau�ace premiums aad�roaad rent� u they fall due,Borrower rbaU WY
<br /> w Lender iny anwuat necessuy to mske up tbe deficiency in oae or more paymeats as Leader may requir�.
<br /> Llpon paymeat in full of�ll sum+ secured by this Deed of Trust, Leader stiall promptty refund co Borcower any F�ads
<br /> tuW by Icad�er. tf uader puagc�h 17 6eceof the Property is sold or t1x Pcoperry is otherwise acquired by Leader, I.eader
<br /> chall sppty�no later th�,a imm�diately prior to the sak of the Praf+erty or iw acquisition by Lender�any Fhn�la heW by Le�et
<br /> at the time of applicadoa u a crtdit�,gainst the sums secwed by this Decd of'IYust.
<br /> 3. App�kstioa ot Paymenta.�'nless applic�ble kw provides oWerwlse,all payments reeeived by Leuder under tbe Note
<br /> aud PuagrnPhs 1 and 2 bereof s�all be�appiied by Lender first in pxymeat of unouatt payab�r tL i.easkr by Horro�es under
<br /> puzgraph 2 hereof.tlseea w interest psyt6ie oo the Note.�ad tLea w the priacipal of tht l�au.
<br /> 1. Pebe Morejasa snd Dadr otl5ru�t:CMar�a+Lem- Borrower sLall perform all of 8orcoaver's obllgadaa9 uader
<br /> wy mortg�e. dad of nust or other security a�ment witb a Ilen whkb has priodty ovu this Deed af�nut� iacludi�
<br /> BOROa�E!'f COVOaiTiL1 t0 �0 Qi}'L1��1 MIIW dl10. Horco�u�er slWl pay or cause w be paid all tues.ssscssmenti u�d other
<br /> chu�a.fi�s aad impasidous amt3unbb to the Property wLich may auaia�prioriry ovor this Dxd of Tnut� aad kaaehold
<br /> . iu+Y�i�eats or Br°u°d.tsats..iT u1y —_
<br /> S. H�sordlwrra�oe.Borrower slvll icee�tLe lmprovements caw oxisda�or hereaRer erocted oa the Propuly im�ued
<br /> agiiau ios�by fue,h�zar3+incIudal within the urm 'exteaaded covcra�e'.wd such other hazuda as Lendac may roquiro �od
<br /> in wcL amouuts wd for ach peiiods as Lender may require.
<br /> 'I'he ir�auwce curier provid'a�the iawraace shall be choaen by Borrowet subject to aQproval by Leoder;pruvided.tl�t
<br /> sucb approval slull not be uareasoa:bly aithLeW. All inouwce policies aad renew�a thereof sball be 1a a form vccepnble
<br /> w Lender u�d sh�ll include a atand�rd taortgage clause ia favor of and ia a form acceptahle to'..cader. Lender aLa11 tuve
<br /> t1�e right w hold tIn policIef aad nnew�ls tLeroof, subject to tlu terms of aaY mort�a8e. deod of uust or otber s�uity ,
<br /> �reement�a liea afiicb b�s prbrity over this Deed of Trust. '
<br /> In tIse eveac of loss,Borrower sUsll�ive prompt notice�o the iawraace carrier aod I.eades. Lendu m�y m�ke proof of
<br /> los if not matk promptly by Borto�ver.
<br /> If the Property u sbaadooed by Horcoaver,or if Borrower fails to respoad w Lendet R'itLia 30 diYs from t6e dxte n�
<br /> is m�ikd by I,eader w F3orroaer thit tLe iasuraace canier offers w:eale a claim for iawraace bex5ts.lxader b wd�orized
<br /> to colkct�nd apply the ituitraoce ptocads u Leader'a opdon eitber to reswratiaa or tepait of tLe Ptoperry oc w the sums
<br /> te�ured by tbis Deed ot Tiust.
<br /> i. Praavatloo aod Mai�aaaa olA�operty►i.eauLoU1+:Coadomfoivau:Pfaaoed Udt D��opmea�• Baroaer
<br /> �11 keep tte Ptopeny in good re�air aod st�s11 not commit wasu ot petmit impairmer.t or deteriontion of the Prope�ty�nd
<br /> �11 comply aid�tbe provisionc of auy kase iftLis Deed of'I'�ust is oa a kaseLnld. If this Dad of'[Yust is oa a uait io a
<br /> condomini�ua or a pla�d unit dove7opmeat,Bonower shall perform all of Boaoaer's obllgations undu tLe decluation or
<br /> covemats creatiag or governis� the cond�uminium or plaaned unit developmeat, tlye by-laws and reYulatioo� oF tbe
<br /> coadomiaium or pl�nned unit ckve3opeKat. and constituent documeets.
<br /> 7. Protect�oo of Leader's Sec�Ity. If Baroaer fails to perform the coveaauu and agreements co�ined in this Dad
<br /> of Trust.or if a�acdoa or procx�in,�i�commeaced w�hich materially affoct�Lender'a iatuest ia the Pcopaty.t1�ea Irtnder.
<br /> u Leadet'i oQdoa upon notice to Borro�er.may m�ke such appearaaces�disburse wch wms.ineludit�rwoasbb amoenaYs'
<br /> feea��ad t�lc� sueh�etipn as is neeessuy to protect Lender's interest. If Lender required mortgage inwrance as a condidon
<br /> of m�cia��Ise loan sa:uted by tbls Decd of Tnut, Borrower sball pay the ptemiums required w maint� a�cb iaiurapca ia
<br /> effect until such time aa the cequireaunt tor such iawraace te^^;^'*"� in accuriia�ce with So.►or.ie:'s:+.d L.^�3i:r'a a'rix�s
<br /> aYceemeat oc�pplicabk law.
<br />— �,ny ,�,� disSurced by t.�,�i�-�c :�s�au�� �.���neereu �a�on. u� �ou Mu. �u�o�
<br /> additioual indebtoaness of Borrower ucured by chis Deed of Trust. Udes� Borroaer and Leader agree to wLer urmi of
<br /> P1Ymeat. wch �awuats aluU be payzbk upoa notice from Lender w Borrowet reqtiettiu� Paymeat s�ereof. N�
<br />- contaiaed in this puagraph 9 s.'�ll require I.ender to iecur any expense ar take �n}+actioa hereuoder.
<br />- 8. Inspectton.L.ender may malce or cause to be made reuonable entries upon a�l in�ctious of tbe Ptoperry,Provlded
<br /> tIut Lender sball give Bonoxer ootica prior W�ay such iaspection specifying reasoasbk cause thesefor related w Leades's
<br />= interest ia the Properay.
<br />- g, Condem�tioa. T6e �rocteds of�ay awud or claim for d�es,direct or consequenti�l. in conaection with�aY
<br /> condemaatioa ot odses ta;ciqg of tbc Pcoperty,or part thereof,or for couvey�ace in lieu of coodemaasion, ue Iureby astigaod
<br />:� aad sball be ptid to l.eodet,subject to tbe te�of aay mort8aae,deed of wst or odxt sceurity agreement with a liea ahlch
<br />= haa ptiotity over this Deed of�Yust.
<br />�' 1�8�AS7CASBCOND MORTGAGH -1/EO-FIa(A/FHIMC 11NlFdRM INSI'RUB�NP Page 2 of 4 Fotm 382i
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