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�.: _�_� � �a.._._- ... . _ --__-�_ � '.�' �:ri,;r.,.. ' -+srww��' ::=,�ww�°`■�,:.� -�...e.:.s:�:�.�,.�..r,saa�aa�.�..._...- --- - - --=—=—_`--------.__. - — R�NALD C CTrtILDHRS KARSN 1� CHILD$RS 1005�9 11l14/2996 _ • � UNIfOSttii L'OVENANI'S. &xrower tix)Leu�ier c�veaaat wil�tee as fi�ilows: �— �� .. 1. P��aknt o� H�iacipxl awd Intereit. Borm�r saall P��Y PaY wtseu aun tl� ��i�klp31 � luten�s:t _ iu�rMc�Iuexs eviilau�ed 4y ttfe Nute aay tste chxr�cs as pn�videtl in tlse Nar. 2. Flioac for Taxxe and I�urance. Subjecc to appiicabir taw ar a wricten waiver by l.eucier.Borruwrr shall Ewy co LenJrr uu thr�y ow�ubly paYwencs of princiy�al auc!iutemt�re p�yabie unJcr the Ncxr, uudl the Nute is paid ia full. a sum(tsercla "Fwtiii')e�wil k�o�-:r�;.3:.h aF tht ytstiy tues tnd tsseswieats(iuclwliug cou�uwiwwu�ixl plwuzcl uiut - ci�wnk�pnieut ases:._^�rs. if auy? w6icu a�y ztt3in pria:ity aver thls Deecl af Trust. wc!�rcwud ren[s oa che Pmpeny. ii _ �Y.P�+��'��Ift6 of yearly prrmtuu�iasullcuencs fix hazud iusurance,plus cwe-twrlBh uf yearly praauun►iustallnlenu fiu mortgage insuriace. if any, zll as reasoaaDiy euia�te�d initi�lly suxl froui ame ta tinu by Lender c�u the basis af t�ssrssn�eats u�d bi�is uxl r�asonablt esticwus theceof. B�urower shall uat be obti�ated ta a�akc su�paya�ats af Fua:s to�.ea3er u�cIu extent tt�at Bocrov►�er a�akes s�s:h PaynxrKs to the bolder of�p�ior moit�a�e or cioal of wst if sucL bolder is�u institutinaal leixler. If Borrower pays Fuads ta Lender. tLe Fwids shall be bdd ia an it�stitution the deposits ar accounts uf w6ich ue iawred or guu�eed by a Fodenl ar ssate rgeacy(includiaQ Leudcr if l.onder is wcb 4n iastitutiaa). Leflder stwll Ypply ttse Nuvds to pay s�id tues.asses�^�^��,ia�u�aa�:e pnen�iwus wd ground rezus. Le�er uiay aat chu��e for so haldiup wd =PP�Y�� Funds. waly�qg s�d account ur verifyiaQ aacl compiliu� said assessmeats and bills. unless Leuder pays Bormwtr intecat oa tbe Fuads and�plicable law permits Lencler w n�ke sucb a eLarQe. Bonower and L.aWer may agree ia wridn,g at tbe dme af execution of this Deed of T�ust tltiat interest on tbe Funds sh�U be p�id to Borrower. and unless suc6 agreta�ent is o�ade or applic�hte law nquires svcl�inteeest co be paid.Lender slup nut be required w p�y Bormwer wy interat ar eamin,�s aa the Funds. Le�ler shaU give to Bort�oK�er.witbout ctu�r�e.w anaual xcouaau8 of the Funds stwwiq�credits wd debits w the Fuacic and the putpaso for wtdch exb dcbit ta the Funds wu m�de. 'The Funds u�: pled,Qed�s acWidonal sxurity fot tLe suui,se�.ued by .ti'is llee��f"rust. lf tLe aawtiuk of the Fuads beld by l.ender. tc�her with[hc funue monthly iau�llnxats of Fuads payable prior to tLe due d�tes of w�es. assessments. it�•"r�pcemiu�aad�rouad nnts. shaU ra�ceed the sajouat required to pay said rues. acsessmeots. iestuaaee Pc'emiums aad �rau�d reats as tbey fall due. sucL e�ccess s�ll be, u Borrower's optioa. ather Proa�ptl9 c�id w Borrower ot credital to Borrow�er oa montWy a��?,TM+��of Funds. If the aa�ouat of the Funds t►eeld by Leada sL�U uoe be suf�ciea co p�y au�es. assessmeats.;,�,*�TM�•premiums aad�rouad reats as tt,cy fatt due. Bon+nwu sball pay to Lender aay amount nectssuy w m�ke up tLe deficieacy ia oae cu mooe psyments u I.enda�y require. 1JP�P�Y��in full of all svmc secured by tbis Dad of T'tuu.I.euder sh�U p�omQt1Y refund to Borrower any F�ads 6eld b3 1:rwrr. Zf u�!:-�uaSrs� 17 hereof tLe ProQerty is sold or tLe Property is othcrwise ac9uiKd b3'l.e�:'.Z,,-ader s1uU apply. no lata tbaa im,,,Kt�r�ly p�to tbe sals of d�e PtoQetty or itc acq�isition by L.ender.any Fuads held by i.encier u the da�e of apQlicadon at a enedit t,�aiast tbe sumz sxund by this Deod of Tnut. 3.Ap�iEatioo of Paymmt+. Udess�pplicable law provides otberwise,aU psyments rxeived by I.eader uackr tLe Note aad psra�aphs 1 aad 2lxnof sbsll be a�plied by I.eader Srst in p�y�meat of amouots NYabk w liader by Borcuwa uader pain�raph 2 Lereof.then to iatemt p�yable oa the Note.and tLm to tLo piincipal of tbe Note. 4. �tior Mat�aod De�edr of 71n�t; CLarla► I�en. Bocmwrr c�ll perfn�m�11 of Borrower's obli�doas . �,: �.;y:;. a-- ��.�.....v�.. �.r,,.;�.,s�.r:,nen wi�h a liea wbich h�c a�ioritv rna tbis Dted of 7'cust. iactudin�Ho:tnwer's coveaiafs to m�1ce parymeats wl�a��lue. Ba�mwer s�aU Qay ar cause to be p�d all taxes,snasme�s aad otba charges.fi�s aod im�osidoas ataibunbk w tlu Propaty whkv msy suaia a priotity ova this Doed of Tnist, and leasehold paymeats os�nxu�d reats.if 9ay. S. Haard Iaarsaa. Boarowa stvll keep tbe improvemeats now exisdng or ha�after eroctod on d�e Pra�erty insutod�gainu loss by fin.L�t�t�s i�luded within tLe term'e�[uaded covera,�e'.aad such otl�er hatards as Lender may cequize�ad in such amou�s aad for svcb perials as I.enckr may roquin. T6e:•,�•,*�„r�carrs�r pmvidia�tt�e:�,�+�-�shtll!x cLasea by Dorrowtr subject oo approva7 bY��P�'� th�t swh ap�pravsl shall uu be uarasoo�blY witbLeld. All �++�„+�•+�•policies�ad naew�ls tbeceof sl�all be ia a farm aoceptabk to Leader wd shall include a s�odu�d moztg�r cl�use in favo�of aad ia a form�ccepqWe to I.ead�er. iender sl�all I�sve 8fe ri�Lt w hokl d�e pWicies aad�raewals thasof,cubjoct w the ter�of any m�a�e,dad of nvst or otha socutity�gc+eemeat with a liea wlti�h hzs p�ioeity over tbis Deed of Tnm. In tbe eveet of loss.Ha�rower sisall gine pram�t nocice to tLe iasivaace carria aad Leader.Lender may m�ke pznof of lass if not m�de P�Y�Y Borrowa. If tLe Property is absndoaed by Borrowa� or if Borrower fiils to respoad w Lender within 30 days fmm tLe dau mtice is maikd bY l.ender oo BuQnwtr d�t tbe instuaace canier offas to stttle a c.l�im for iM,�•gTM��bwefits.I.eader u muhorixed to cdlxs�ad�pply tLe iasunaoe proceeds u Leader's aption either to rrnaatiQn or repair of tLe Propaty or w tLe sums sec�ued by tbis Deed of Tn�ct. i. Ptescr►atloa aod Maiotenance of Propeatiy: I.ei+�o�cl�; Coadomtdum: pf�aaed Udt De�eio�pa�t�. Sacnx�er sball kap the Propecty in�ood rep�i.r u�d shill mt commit waste or pernoit imp�itmeat or detetioGUioa of the PruQeity a�sLall coimply with tLe provisioos of wy tesse if tbis Dad of Trust is oa a laseboid.If this�3ad of Tn�st is ou a unit in a coadomiuium a a plan�d uait developmeat.Bor:nwer s�ll perfotm a11 of Bocmaer's obligations uada tLe decisr�tion or caveau�ts cnatiag or governing tbe coudomimum a pis�aed uait dcveWpmwt.the ky-laws and ngul�tions of the coz,'.:.�iasvm o:;.Lza��u.::developmeat.aad coastiweat docuaoe�. ?.i°:� ' o!I.ea�3es's Sermrk=.!f Bn�ower�s to nerf'orm the cova�nts and agreeateats co�iued in slsis Deod of Tn�st,or if suy actiaa or proceediq�is c000meaced wbich m�taially affects Leader's interest in the Prnpaty.�en Leada. at I.e�la's oQtim. upoa mtice w Homuw�er. may m�ice aicb appeanaces. distxuse snch sums. inctuKli�C re�sombk attomrys' fees,aad t�lct avch�ctiou as is�y to protect Ieader's incerest.If I.eader ro4uired mort��e iaiurrince zs�coodition of m�icio��he laa savrod by tlris Deed of Tn�st.Borrow�er shall paY�P��4�� *+�91*•�;� °r�+*•�,�*�*+r' in e�'ect uatil ivch time as che reqairement for sucb;•�,*�^r• t�mia�t�iu accu��e wi�h Bormwcr's�ad I.ender's rvriuw agroemeat or apQlicabk law. Auy amouatt disbursod by Lender pumiwt to this puagraph 7,with i�erest therrnn.u the Note tate.s➢ull become a�ditioa�l�af Borrower sa.�urod by this Deod of Tnut. Unless Bonow�er aad I.eaikr a�rx to other terms of PiY�• such amouats sh�w be paysble upoa nodce from i.eada w Borruwer roq�ting wYmeat cbereof. Not�iag co�ained in tlus p�q�npb 7 shaU nequire l.eada W iacur auy espea�e or take wy xtau Bere�*. s. L�speeiios. Lemer may malce ar eause to be m�de reacooiWe eaaies upoa aad incpectioas of the Property. providod that Ieadmr sl�all give Borrower aotice pcior w any svch impeetion specifying«asonabk cause durefor rdstac9 to ' I.eader'c iattcest ia the Propetty. �en+�.�ca 1bs7F•z s�s Ori�inal(Recoxded) Copy(Branch) Copy(Cu�toa�r) P�c:z•.r t