|
}'°`i�'!` L� - ' . ..�.
<br /> ,rij: .+�i�•>:�%'�':i ,
<br /> ,f �..�:. . .. .
<br /> � r r/"ti
<br /> �. �.y� � . . _ _' -_i.`�_�-
<br /> ���.'
<br /> �.::�.. - . ' ' �..,... ���n:�:
<br /> . .. _._._�.�.
<br /> ., - . ..._._....___.. .. .... _... ... .._.. .._ _ . �.,.. . .. . _-"_ ....._ ...�.
<br /> , . x;.:
<br /> ,
<br /> . ... ...__..�___.�. '
<br /> ,
<br /> .
<br /> . . _ ..__.,.._:.._.. . . .,...._ ...
<br /> .. . ...._ .....
<br /> �----._....�._�......�._.�.._.._.. ._._ ��.RECORQEp [7�'j-�(�'93�1. 9�� �,��932 � ��:,,�:'�' _:
<br /> 1 ���+•,�,.�!;:•'
<br /> � UNIFORM COVENANTS.Borrower and Lender cavenant and ayrea Wheni'due�the principal end Interest indobt�dness . � �
<br /> , 1. �Ra}fmo�t ot Prin�lpul dnd In3arest.E3orrower�hall promptly pay
<br /> r� evldoncod by tho Noto and Iato ch�►gos��pravldetl In the Note.
<br /> -� �, Fznc�atarTaxe�nts'of�rnc pai�ud:.�ter�ap�ro R Ls�Q u�er the Note,unti!t e Not�19 pa6d In full'a sum(ho e�n
<br /> on the day monthly pay P
<br /> "Funds")equal tn o which may att en prRtority averthls De d of 11'uet,`and��round ront afntho P operty�lf any,rp ua one•t eltth �
<br /> assessmente,if a y)
<br /> of yearty premium installments tor hazard Insurauce,plus one•twelith of yearly premium Instalimentsfor mortgage nauranc�,
<br /> If any,alf as reasonab�rower shall�ot be abllgated to maketsuc payment of Funds tio Lendee to tiie otxtcntth'at Bor�ro�ver rv�ekda ,
<br /> r estlmates thereof.Bor
<br /> . �,�� such psymente to the holder of a prlor mortgtage or doed o1 trust II such holder is sn Inatltutlonal len er. .
<br /> If Borrowor paye Funde to Lendes,the Furade shail be nald In an Institutlon the depaslta or accounte oi whlch aih �unde
<br /> or auarenteed by a Federal or stste a�ency(Including L�nder If Lender la such an Institutlon).Lender shali app(y
<br /> to pay eald taxas,aeaesamente,inaurence pr�mi��ms end ground rente.Lender may not charge tor s�o holdBor oweelnpey'eat . •
<br /> the Funda,analYzln9 a�gble law per�nits�ender o m ke`su h charge.Rorrower en'�Lender ay g�ool writinp At the time � . . �
<br /> • on the Funds and app �S�t'`:'`E���=
<br /> af executlon of this Doed ot Truet that Interest on the Funds shall be paid to Borrower,and unless such aqreement la mada or y�^•'� -,,_�L;
<br /> ;, �... ;.:�._
<br /> appllcable law requlres such Interest to be paed,Lender shall not be requlred to pay Borrower any Intereut or earnings on the : � _�
<br /> � � Funds.I.ender shaU give to Borrower,with t�the Funds wae made.The Funds are pledged ae additlnnradsecurity b t'he sums . � F��-�--
<br /> � Funda and the purposA for whlch each deb t �""'��W�
<br /> .„�,:�.:�
<br /> secured b y thla Deed of T�ust. - �
<br /> If the amount of the Fun ds iie l d by L e n d c s,t o g a t h e r w i t h t h a t u t u re�e un 26�l Y Ustallrnente of Funds payable prlor to the due ..;��t�l
<br /> dates oi taxes,assessments, inaurancero n��ents as hoy4�S alu�nst!c�o�����C���t B°rrower's optbn eat eapromp Uy .;:.,,�t_�'
<br /> � a�g��n���s,Insurance premiums and g ,�'�:"=A
<br /> ;,� repai�4�f�c��Tae��1 or credited to Borrower on monthly ins3�lic�aon?��4 Fauu��s.14 ths a�flt+�nt ot the Funds held by Londer shall
<br /> � ., i..+----
<br /> not be suffci���4�,�ab$axes,assessments��m�UZ�v�ce prero�iurtns aR�gTwund rents as t3nay 4��i d���n��er shall p�y to Lender ;?���
<br /> • � �5�-�� any amount nea�s�:��9a mako up the aa7�cuone?r in one or►romre�aym�n3�ns Lendar rteay r�av�u��ro. �?:��,:.
<br /> � Upon paymeu�3 ire 4a�el of ao0 s�ans secure�b�ihis Deed of'6PUSt,Lendor shsll prar�aptly rei�arnz�to�arrower any Funds h��� �. ,f _�
<br /> � -a�;;� P igatheRVis�aco�ufredbyLender,Lendershallapp�+. �,�,
<br />�r:`�i,��'•�<� '' b Lender.It under pA7agiapto 1?O��reot the Pro erty is sold orthe Propesty.
<br /> ',<,�:;;? .� y �`•• --__
<br /> no later than Immeo�l�8�aiy prior to the sate of the Rroperty ar its acquisi2ion by lend�r,a�y Funda held by Lender at tha tirn� -,�
<br /> pf e�pplicatior�as��r�e�ilt agafnst tho sums secured by this Deed of Tr�ast. �,��_��,----
<br /> � 3. AFplicalUa�a m�PaYments.I�ntess spplicable law provides oihorwise,ail pay�ents received by Lender undar?he f�ote .�,e��- —
<br /> *�� �" anci paragrapha i a�iu 2 hereo!�ttM!!t�ep�!lacf hy Lendbr ilrst In payment of amounts payable to Lender by Borrower under
<br /> _ �• paragraph 2 hereof,then to interest payabte Chprees;l.iE�tBorrower shall perfor�m i�oi BoTro+ver's obllgatlons under any r
<br /> � 4. Prior Hlortgages end Deeda of ltust;
<br /> • � r securt a r�ement with a Iler�which has priority ovor this Deed of T�ust,including Boe o f fl s ��,�.'
<br />° mortgage,deed of trust or othe tY 9
<br />�='•''"' � �'7 covenants to make payments when due.BorRmwa�shall pay or cause to��paid aIi taxes,assess�ar.�and other charg ,
<br />=��•':.•, and Imposltions attributable to the Property++���ch may attain a prbrity oL�Tthis Deed of ltust,and Caasahold payments or groun� -
<br />�����;;µ;,,:,;,: . rents,ifany.
<br /> zx::' S. HezsM Inaurance.Borrower shali lceep the Improvements now existing or O�mro�4ter erected on the Praperty insured
<br /> � x
<br /> --... •� �.. . agalnst loss by firo,hazards included wlthin the term"extended coverage",and gN^uh oYher haz�ds as Lender may requ re
<br />=-::;'... ` snd in such ammunts and for such periods as Lender may requfre.
<br /> -�t•'f__°`?_� . The insura�ss carrler providing the Insurence shail by choson by�orrower subject to approval by Lender,provided,th<<1 --
<br /> ��=��°-'� ' suata approval ahall not be unreasonabty withheld.All insurance po8oies and renev�rals thereof ahall be in a torm accepta'b90
<br /> _-��_`�_��"n�' to Londer and s�all Include a standard mortgage clause in favor of and in a form acceptablo to Lendor.Lender shall have the �
<br /> 1.�"`�"="���, rtght to hold the p�olfcies and renewals thereof,subJect to the terms of any mortgage, deed of trust or other securiry agreement
<br /> '""�"'�� J with a Iten whic7�has priority over this Desr!oi'�ust.
<br /> �==uy:�,�1 In the event c+l loss,Borrower shall givr�prompt noticeto the fnsur�+nce carrier and Lender.�.ender may make proof ot loss
<br /> ""�^.�.; ,,,;�;;;,��;,� ; If not made promptly by 0orrower. -
<br /> .;:,,:;,;�.� It the Property is abandonad by Borrower,or if Borrower fails to respond to L�ondor�Ithir�30 days irom the date notice s _
<br /> `�';==�"�.- malled by Lender to Borrower that the Insurance carrter offers to settle a claim ipr ins�r�r+ce benefits,Lender Is euthorized
<br /> '"'�k"'�• -�- I tFte insurance proceeds st Lender's opttan efther to r�staration or repair of the U�roperty orto the sums sec�nre�d
<br /> _ �,,.;:�,, to collect and a�P Y _,
<br /> �..�"`.�'.. by thls Deed o9 Trust. - - -
<br /> g, praservation and Melntenance of Proporty;Leaseholds;Crondominlums;Planned Unit 1)evelopments.Bor�a�svoT �;,
<br /> ,W.,�-., .��,:.. -- -
<br /> `��;f��°� : s7��ll kee�the Property In good repair and shall not cornmit waste or�armit impairment or deterioratlon of the Property and �,.._.
<br /> -�•••� • s4�elJ comply��1#h the provislons of any lease If this Deed ot Trust ig on a loasehald. If this Oeed of 1Fust(s on a uMt in a
<br /> " '` conc�r�nir+i�rrrn�r a planned uNt develop►'r'adnt,Borrower ehall pe�tora-n all of Borrower's obllgatlona under the declaratlon or
<br /> - ' ��nant��raatinc�or gover�ing the cond¢rminlum or ptanned uni3�3avolqpment,the bylaws and regulatfons of the condominium
<br /> �� or Planr+�d�nii developrr�a�t,and cort�iy-�ent documents. —
<br />, � � a, p��s�z3ion of LentCer'a Seeu�7bt�. If Borrower fafls to por�orr�q7��c�yanaro4s and agreementR contained In this Deed �_M__-
<br /> : �;.; of Trust,or if�r,y action or proceeding i�cbmmenced which ma4�r�a';:;r ar�acts Lender's Intereat In the Propetty,then Londor� ��'L-�--
<br /> •:;:.; at Lender's opti��+,upon notice to Borrov+er.may make such appearances,disburse such sums,Inciudtng reasonabla attorneys �;= -
<br /> � � � fees,and take such action as is necessary to protect Lender's interest.If Lender requlred mortgago Insurance a3 a conditlon �-�--..-�_-
<br /> � of making the loan secured by this Deed of�Fust,Borrowor shall paythe premiums required to malntaln such insurance In otioct �'"-_z�;=��=
<br />� until such time aathe�equfrementtor such insurance terminate3 in accordance with 8orrower's and Lender's written agreement ��,�^_�Tr�._�-_
<br /> : »--��.
<br /> : ; i ��
<br /> - • or applicabte law. �t`�--��=
<br /> -- -, _ -_-L ......,......�.,�a.���►,��.�cad hv Lender Aursuant to thls paragraph 7,with Interest theroon.et the Noto rete,shall become ��,�
<br /> :.------------------_ .,,��cn.........�_.__-•--- . - •-------.��►.�,..�..nwa..nv..fm,r
<br /> ',. , addltional indebtedness of Borrawer secured by this Deed of Trust.Unless Borrower and�enaer nyT����.�R.��•••��r-.••T••• .., _•��
<br /> such amounts shall be payable upon notice fram Lender to dorrower requesting paymont thereof.No4hlreg contsined in thla
<br /> paragraph 7 shall requlre Lender to incu�any e x p e n s e or take an y action hereunder. ,
<br />- , ' ' e. Inapectlon.Lender may make or cause to be made reasonable entries upon snd Inspections of the Property,provlded
<br />=� �� that Lender shall giva Borrower notice prior to any such Inspectian specitying reasonable cause theretor related ta Lender's
<br /> interest in the Property. '
<br /> � g. Condemnatlon.The proceeds of any sward or clalm for damages,dire�t or consequentlal,In connectfon with any
<br /> and shall be pald o Lender ubJect ortheter�ms ot any mortgaga,rdeed ott ust orlotha tsecuriry agreement wt h ay erSwhich
<br /> has prtoriry over t�is Deed ot 1Fust.
<br /> ., � PAGE 2 ..
<br /> � ..
<br /> _.,-._. ... .._...... ._ __.,... . ..._._ ._-._..._..-._..._�—^"" --_.--.... ._._..__... i
<br /> ......�.._....___ ...'-- �: -T-'�
<br /> .�..2 ....'-
<br />
|