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`. _.,_ ...���.___—__._� .�._._. .�� _.. • ; .. :.... :. ...::��� �$��1�'-! 809965 Ol/09/1997 -��_� • `- ��
<br /> J�FFRg7[. L STAQOS CINDY A ST31GtiS
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<br /> � UNIFaRM COVENAN'i5. Barm�ver and Leader cove�nt and agre�as follows: ` < < ..:.�.-
<br /> 1. �yan�t of Priacipaf and flniesesY. Bonower shall pmmpdy pay v+heu dus the pri�pal aad inte�st _ _.
<br /> . inde6tedness evisteaced by the Note and late charges as pmvidod in tlae Notc. . -.��.
<br /> 2.Fun�s for Taxes and Insuieae� Sub}est co applicabte taw or a written waiver by I.ender, Bono�ver s4a11 pay tn . . ' �`����°
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<br /> • Leader on the dgy montWy payments of principal anA intet�est are payable uader the Note,u�sil the Note is Qaid'en f u l l.a , � '���' �
<br /> -�- sum(herein'Fuuds')�to aue-nvelfth of the yearly taxes an�a�sssm�nts(inslud"ang condominium aud plan�ed unit .�—_. ------ -- :- _
<br /> • development a�eats.if any)which may atiaia prio'ruy ovet this Deed of Ttust,a¢d ground ie.nts oa the Pmperty. if �-
<br /> any.Plus on2-tweifth of yearly premium iastallments far harard insivance.plvs one�nvelflh af yeuly pramium ia�sallments ,
<br /> .�
<br /> . for mortgage ins�uance. if any. all as reasonably esamated initially auA fram d� to dme by L.e a+der on t h e basis o f � ,�
<br /> assess�sis and hllls and re�sonable estimates them+of. Borrower small aot be ob�igued ro ma�e such payments af F�mds
<br /> � to Len�er oo the extent that Borrower m�alces such paymsnts w the holda of a prior morcg�ge or deed of tnist if such holdes . . :���
<br /> m alc
<br /> -------� is an iast�tuuonal lender. , -` _; --. . „�-
<br /> If Boaawer pays Fu�s oo L�ndQr. the Funds shall be held in an imttituaon the deposits or accounts of whis�are �' . ' , :, �^.
<br /> insured or gnaianteed by a Federal or s�ate agency(iacluding Lender if Lender is s�ch an institution). Len�er shal!apply • . �_
<br /> � tt�Funds to pay said taxes.as�ents.iasurance premn��and ground tents.I.ender may mt charge for so holding and � . .:.;-: °°:ti;�.`�
<br /> applying the Funds, analyung said account or verifying and compiling said as�nts aa�d bills. UIIpCSS I�QSYS . - .... -': .Tr''�*!�"
<br />. . �' Svirovrer interest on the Funds and agplicable!aw permits Lender to makc sach a c6ergc.Bormwea and L�ender may agtee . _ �'��,��
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<br /> � in wridn�g at the ti.me of execution of dus Deed of Tcust that inie�est on the Fuads shall be paid to Boirower.�nd nnless -.--- '�-:z.-- �
<br /> •'�f� sush agreemem is made or appHcable taw requices snch interest to be paid. L�eader shail mt be required to gay BormwPr • �..::. _=-_:._
<br /> �,.-- --.
<br /> • ' aay iazeiest or eamings on the Funds. Ixnder shall give to Bo�mwer,without charge. an anmwl accowntinS of the Fnuds �•a--
<br /> `` sf�ovnug credits and debits to the Funds and the guipose fir which each debit to the Fu�ds was made. TE�e Funds are • ' '�,.��'�:�:,_
<br /> pl�gcd as additimoal socuiity for the sums secured�q ehis Drxd of Tmst. � r� .
<br /> � . If th�amouut of the Funds held by Lender.ougether arith the fawre monthly installments of Fwids payabie prior to :.��,�?. ,
<br /> the due da+ES of ta�ces.a�.insarance pre�ums a�ground cznts.shall eacceed the aowum�4ui�to PaY s�d �` � �
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<br />• taaes. asses�-ments, im�uanre preminms and grous�ab rents as they fall due. such eacess shali be. at Bornower's optian. ���.�
<br /> ,'I-��`�ti- eitber pmmptly tepa��to Eoirower or cnedited to Bu�ar�c on moathly ianatluteWS of Funds. If dte a�of the Funds ___..,�.�. . ,. .
<br /> 6eld by Lender shall aot be sufficient to pay taxe�.�, insivaace premiums and ground rents as e�p fall due. . � � �
<br /> •nt to make the deficiency in one or mo�e paymenus as I�encter may `� v�z'�°��
<br /> • Boirower s6all pay to Lender auy am� necessary aP :• - -..
<br /> � ��- :�.;_�,.ti. ' �
<br />. . UPon PaYment in fuil of all sun��etl by tLis Deed of Tt�st.Lender sha11 P�omPaY�fu�to Borrower any F� '_�F• . �. :.`: � �*
<br /> � :. .w. ,:,. ,
<br /> , . hetd by Lender.If uader pa:agiaPh 19���f the Prapeny is sold or die Pmpecty is odiecwise aalaired bY 1.endea•I�ad� . ,. -;. ,�;:.:;�, •�, �,.
<br /> • sh�ll apply. nn later than immediateiry prior to the sale of the Pcoperty or its acqaisieion by Lender.anY Fua�s held bq .�'' ;�-:-+� � ,
<br /> .. the svms secured b thia Doed of'i'r+ut. `:' �`� :�- '- _
<br /> . Lender at tt�e time of appliprion as a srsdit against Y `'r•�: � ` `:
<br /> . . 3. A�tr�tion ot A�yme�s. (lnC�s appllcable!aw pmvFdes aheiwise.eri OaY�aents�eceived by I.�n�der�e � � ' {�'�>..''.'""-
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<br /> . '.:ti� Note and paragiaphs 1 and 2 heieof�be app]Ied by I.ender first in payment of amounts paYable w Leaui�ea irg�Bomn�re�r ' 4'��-.:�.;_�_
<br /> 'l,r��fi under paragiaph 2 herenf.then to intezes��ayabie on the Noce.and then w the pz�cipasg of the Note. , _ r'` _�-'
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<br /> . 4. Pelor MoRgages and Deedg of�Y�St;C6ar8es; I�2ns. Borrower sh�peafocm all of Boiru�cr'�c�ligations g�{:W . ,:'�Ji{ �t�;=..
<br /> � �mder anY mostSaSe.deed of aust or ather socacity agreement with a lien which Las p�airy over this�of Tnist. �;�'��`
<br /> _ _. iacluding Bornower's covenazus w m:�p�yments when due.Bflaower shall pay or c�use ts�1r��*,aid all taaes,a�sessments � ,. . -
<br /> � � • and othez ctsnrges. 6nes and imposidons atm'butable w the Property which may atmin a prcority aver this Dad of Tnist. '-` - -;.?.'
<br /> , and Ie�sehoId paymeup.s or gmund rents.if anY• .:-- '� � �=--
<br /> S. Ruard I�ue. Borrower sball keep the improvements now exisang os hereafter erected on the Pmperty ,�: _- . . '�.�.,
<br /> e •- ,.,..;
<br /> � � insared agatnst loss by�re.harrr�ds i�ludeA within the rerm"extended coverage'.a n d suc h o t b er 6 a�r d s as L.e n d e r m a y "� ' . �€d+C:��.�.' '.
<br /> requlre auA in sncb amaunis and for such peaods as Lender may requite. a"-~ ;� „"'
<br /> 'C7te�+surance cauier providing the insutance shall be chasen by Borrower subject to��'sral by I.ender.Pmvided, , >'^.�'.'••�:=�:.�, .
<br /> . :'�.���" thu snch approval shall nat be umeasonably withheld. All insvrence Policies a�xl a��waSs•�eof sL�ll be ia a fomm �`���.:. .. ����
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<br /> . acceptab2e w Leader nad si�ll imlude a standard�t�age clause in favot of�a a fomt:,c:�:.°�a62t to Iender. Leader , �«`. . -
<br /> ad
<br /> :" shall have the r�ght to hold the policies and renewal:F iin.maof.snbjea to the�c�a cr'�}r ur��.de�S�'asa�st or other ��3.:�g-;-. Y�°---
<br /> . . security agrPement wIih a lien wLich bas priority aver tL�s Deed of Trust. `:.•-' -f� ;•.
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<br /> •' In the evrnt of loss.Bosower sball glve pmmpt mace to tiu:i�remante cuc;er aud L,e�3r� Lead$r may mAke pra� �.,..=� -
<br /> l��+,S;` of loss if mt made prompdy by Botrower. � -'
<br /> �''` I f t h e P r a�p e rt y l s a b a n d o�d b y B o r r o w er.or if Borrowec�il:��:�n�ci ra Lemer vrithin 30 days from the daw - ��°r-° T
<br /> . aodce is mailed by 1e�7:r w Bonower thu the imvr�nce earrier at.��ss ts senir:a clzim for ins�nce benefits.Lender is � "'•
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<br /> authoroa�ct¢o collecx and apply the insuiance proceeds at Lender's�..�on either m r�storation or repair of the Praperty cr ,,',�,� . -::.N,.'-
<br /> - . .. to the��:cared by this Deed of Trus� ��<�._..,,�
<br /> �. �YYtIOD A� M�l�C Ot Pt+O�i i�acfltrtfd� COII��1i�L9i Pd� UDIt DEY�O�Q{�49. ,.�.;�::__ �:.-
<br /> � Boirower s�sall teep rhe Proper¢Y in good rePair and sba11 II°t commit wASte or permit impa:rc�°nt or deteaic�radon of the �� ' �
<br /> ' � property and shall cou�Ey w lth t he provisions o f any lease i f t h a s D e�d o f T n i s t i s o n a l e a s e h o l d.I f t?�s�t�a l of Tntst is _ __ .,,'• '���
<br /> �- .. .v^-�^r-cr.*.._:
<br /> �, ,",� : on a mmit in a condomi�v�or a planned unit development.Borrower shall perform aU of Bormvier's ob9i�atians under the ' ',�-°'�;,_��_=--
<br /> '+ '� deda4^�ci�a+e�r oovenan�i cteati.ag ar;��eming the wndomiuiwm r�pl�aned uait developm�.the by-laws and ngul�ons "'°r..,���'=:Tr•''�- '_
<br /> ;1 T ., _:=�i"�:;.�9.�' .: :
<br /> �:��..; of the oa�r^inium or planned u�-t ds�a�lapnoent.aud constitae�^��oc�ments. ,;;F, �;.;,��,
<br /> ' . 7. Ptot�aB O�dgr'a�. If Bormwer fails co �form the coven�nts acwl agreements contained in t�s '�'�'--.
<br />' Deed of Tn�st.or if aug:v�on ot proceedtng is commenced whizh materially agfects L+ender's intNrest in the Pmperty.then �• -"•=-,:���;., '.-
<br /> � l.end�r. at Lecder's �on. u�wn noace co Borrower, may �e such apFesuances, disburse such snms. includin8 �.�:'"":�'-'
<br /> ,'''� �� reasau�le auotIIeys' fees.aad tal�,:�zsh action as is�cessazy ao yrotea Lendsr's inteiest.If I.ender re�uired mortgage • . • - -
<br /> �. � insvaance as a condition of malting c�e loan secured by this Dee9 uf Tnus.Borrower shaLt puy We piemdums requimd to , .. . --
<br /> ' . maintain such inseuance in effect until such time as the requirement far such iatiuYance terminazes in a.ocordance with �. '
<br /> Sormwer's aad Leader's written agreement or applicable law. '. � °�
<br /> . � pny ammmtc��used tsy LeIIdet ptubval►!to this pu8g[$ph 7. with interesc thenon. at the Note raze.shaU become . . � —_
<br /> � addidoval indebtedness of Borrower sec�uod by this Deed of Tnut. Unless Horrower and Ixnder agree to other temss of _ � _
<br /> payment. snch amounts shall be paya6le upan noticx from I.�nder to Boamver requestinb PaYmegt thereof. Nothing
<br /> � oontained in this puagiaph 7 shall require Leader to inur any expease or take any action heieunder. . . • �
<br /> � S. /nsp�ctimn. Ixnder may make or cause to be �ade reasonable entries upon and inspecdons of the Pcnpeny. f . _�
<br /> �� pmvided that Lender shall give Borrovrer nntice prior to azry such inspecdon sperifying reasoflable cause therefor related to �:.
<br /> • I.ender's intea+est in the Property. . � .'
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<br /> NebrtuYa 7b875-3 11/96 Origiaal(Rewrded) Copy t8raneh) COpy�C119tOm8S) Paye 2 of 5 � y��..-,
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