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<br /> ` I � � �''i►DOLPB I BRAtIDT I�►Y L BRADIDT �8— 9.����� 101758 01/22l1998 , e. .
<br /> . . . UN�oYtM COVENnNTS. Boaow�and Lender cavenant and agree d�a arhen due the pr�ipal and imte�esc ' `
<br /> ' ` � :; � i. Ps�m�t oS Ftindpsl end d�t. Boimwet sball prnmp Y p Y . ° : `
<br /> � � � �tedness evldeaced bl►the Note and late cirarges as provided in the Note. `� '; ' .
<br /> . . - 5 a.��Par Tag�and Ansarance. Sabjea w a�pi'u;able law or a wriuen waiver by I�eaHer.Bnaower sha11 paY t4 .
<br /> ` . . ` I�ader oa tHe daq monthlY PaY�en�+'f F�"g�1�interest are paYable under the Note.�il the Nate is gaW in ftill.a .� _� ,.
<br /> • ',.5 s�n lhe�eia'Funds")eqnal to a�e�arel�of the yeazly taxes aad a�ssmems('mctudin8 con���Plumed ualt •
<br /> " �,e���e�s.if aay3 which m3y auain Piiori�9 over this Deed of T�ust.a�d gmund�on tbe� .
<br /> I��iS fi!!�incnranrE. p2us one-hvel8h of qe�ulY P���
<br /> ' a�r,plas oae�wel8h of Y�Y P�' IBnder on the basis of �
<br /> . . for�rtgs�ge iasaraace.if aay. all as�asoaably es�mated imtialiq and from dme m time bY af Fnuds � � � .
<br /> �� '� assessme�an0 b�ls and icasonable esrimates theceof. Bormwer��a pr�or mnitgage ot�deed of uust��sat�ho2der . �.
<br /> _ to L��1he extent thaz Boaoover noakes snrh payments � ��
<br /> � ------ -- is aa instiwdm�al tender. ���of which ate .-- -- ---
<br /> a .� If Boirower Pays Fands to I.ender.the Fands s6a11 be held in an institunon the d�asits ' , .
<br /> � ' 1 in.�ed or gaar�eed by a Fe�ecal or srate agens.y(incln�nS I.ender if I�nder�s snch an�nsttuWon). Lender sba11 apPlY
<br /> . �. . the Ftmds W pay said Cdaes.a�e�s.in�anoe P�s��d Icr�.Lender may nnt cLatge fo:so ttolding� . •.. .,
<br /> �. ' ` applping the Foads. anaIYr�nS said suonni or vecifying and comp�7in8 said a�aems and i�s+ °n�e���P�3� . ''s �' ,•
<br /> , i I�CQdC[t0 n13$2 SU[�1 a C�12Ig6.�OII�W2t 3Ud LCU(ZBi'ID'd9 S$i�G °:•,-::�' ;
<br /> , �:. ., ; Boauwer i�erest on the Fmn�s and applirabte law pe�ts and ontes� ''�y�;"c�`•`1%:��;:;.
<br /> ;,;,j ia w r i d q g at t L s t i m e o f e a�t ion of tLis Dced uf Tmst tbat iaterest on the Funfls sball 6e paid m Bormwer. . .
<br /> wrt g ,= �
<br /> _ : � su�h ag�eemeat is made ar applicab2e law requites sach intenst to be p�id..I�nder sbaU nnt be reqmted�P f the Funds � `�"f`=_,_.
<br /> any i�etesi ar earraags on the Fnnds.I.ender shaU give m Baimwer,without c�arge.an a�ual accaa�in8 `.,�;;;,�;,,,,,.:
<br /> shoyving c�ts and dsbits w the Fnnds aad the paipose for wLich each debit to the Faads was made.Tl�e Fands ate '�.;-
<br /> , pledged as additional sec�ity for the sumv secated by this Deed of Trast. � `_
<br /> 2e rior w ',•�``
<br /> If the amaant of the Funds held by Lender.to$ether with the fawre monthly i�staUments Of Ftmds imY� P . � z_s�'-;�'.
<br /> � � the due dates of taaes,a�.insu�anse Pnmiums sud S��t�ents.shall exceefl tbe amoant teQnired to paY sa�d . . .._ ..
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<br /> taxes.a�ems, insa:anse Psemiums a�d groucW ients as they►fall dae. sach excess shaU 6e,at Bozra�rer's aption, .�::-s._��
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<br /> ',i � eit�er pmm�tlY rBPai4 to Sormwer or ctedited w Bomnwer on iaoatWY im�ml�me�of Fands. If the amo�mt of the Funda -- - ..._�,�5__:
<br /> � ' beld by i+ender sLaU nnt be s�cient w pay taxes.assessmencs. insulanse Prcmiums aad ground ceuts es they taU due� ��..
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<br /> ;,'• ' wer shaU to Len�er any aznnunt a�e�sas�►w make up the de8ciency in oae ar afo:e paymeats as Leader maY �'�`�.�
<br /> � Homo paY ,�
<br /> .. , � � •�� , ���_�'� '4�'•
<br /> (P�l;f�*L_ .
<br />- � • , Upon FaYment in fuli of all sums secured 6y this Deed of Tn�t.Leuder sbaU promptly refund to Bostower any FnaQs _. •s� .i �,_,G�
<br /> • � hetd by I.ender.If undar parag�aPh 17 her�f the PropertY is sold ot the ProPmY is othecvvise scqaice�by T.endtr.Lender _: :;'�;�
<br /> � shaU aFAly,no later thau�inmQdiately prlor w the sale of the Pmperiy or its acquisition by I.ender.ar►Y Fmtds he2�d 6y ;��`r�:��
<br /> ,; Lender at the dme of appliradon as a credit against the snms sc�am4 D]►tWs Dee�of Tnist. re�eived by Lender uafier the - .`��t4:'��-
<br /> " 3.Appltc�tian oY Fayw�s. Udess applicable law provides otflezwise,all PaYme� _ t�-¢.x °_
<br /> 1 and 2 heieof shall be applied by I.enRer fust in paytneat of amotuus PaYabk to Lender by Bu�rower '`��°�` �.
<br /> . . Note an�gamg�apbs . . ;���;
<br /> � anderpaiag�apb 2 hereof.then to interest payable on the Note.and dien w the p�indpal of t6e Note. �',,�:c: ��_
<br /> 4.Plrlar Mo�agea aiud D�eds of Trast;Cdarges3 pdens.Bomnwer shaU perFosm aU of Bo�rnwer's obligadons :• �t�Q;
<br /> , • �mder anY mo�t8age. d�d of trast or uther secu�ritY agre�ment wttb a Uen whicb bas p�osity over this Dced of Ttast, , `'��j��
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<br /> � .� - inciud;ng Bomuwer's covenanrs m make payments when due.Boimwer shall pay or cause to be pa�d all mxes.asses�nents . r!
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<br /> and other cbar8es. 5nes and imPositions atm'bntable m the Property which ma9 atpia a PrIartty aver this Deed of Tn�st.
<br /> - - - - - ,� aad leasehotd payments os 8rountl rents,If aaY• _ .,`'�"`��'
<br /> S. �rd�ace. Boirower shell keep the improvements auw existin8 or hereafcer erected on the Pcoperty ."�;,:..;.-;
<br /> ',,� • • aad sach other 1►aaatds as Lender maY � ,. s., ..•
<br /> in.gared against tass by&e.Uarards incladed wIthin the term eatendad coveiage .
<br /> .. tequire and in sazL amoants and for sach petiods as Leader may t�qnire. ..�:+:,�.:
<br /> . 'lhe in�urance caaier praviding the insuiance shall be chosen by Bamower snbject w appmval by Lender:provtded. �.- -.�,�
<br /> :.: � , tLat such apprm►al s1�aU nnt be nnreasonably withbeld. All insu:ance poUcies and renearals theceof shall be m a form .. .:�'-��
<br /> ','� � acceptab2e w Ieader and shall inchWe a standard mortpge clause in favor of and in a form aaeP►able m I�nder. Leuder � . -.._
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<br /> �� sbaU have the r�g ht to hold the pollc�es and t+enewals thereof.sublect to the terms of aay mortgage.deed of tcust or other
<br /> � . seaartty a�oe�ment wttb a lien whicl►Las priorltp over tbis De�d of Ttns� � . ..
<br /> �' In the event of loss.Bonower sba118ive Pmmpt aatice w the msutance c�nier and Lender.Lender may make pioof . . . .
<br /> " af toss�f not made promptly by Bortower. . ..
<br /> :,. : If t�e PrnFerty is abandoned tsy Bo�ower.or if Borrower fai�s to respond w Lendec within 30 daya finm the date _ � .. ,
<br /> no@ce ls maited by Lender w Bosrower that the lnsvtance carcier offets to settte a claim for insurance 6eae6rs.l.ender is .
<br /> ' suthorltieed to collect and apply the insvrance Pmceeds at Lender's optioa elthec w resooradon or repair of the Pmpezty o: :
<br /> to tbe sumg secured by this Deed of Tn�st.
<br /> ' 6. Et�servetion and N7ainteaance of Prope�t9i �oldsi Condomiml�i Piaaned Unit Deve�o��s. ..
<br /> -���� Bormwes sha11 keep the ProPertY in gaod repair and shaU not commit waste or permit imyai:ment or detertoration of the . . .
<br /> � proyeety and sha11 comply with the provisiong of any lease if this Deed of Ttust is on a teasehold.If tlils Deed of Trnst is ,
<br /> � on a unit in a condaminimn or a planaed unit devetopmen�Borrower sbaU perform a11 of Borrawer's obligations nnder the
<br /> • declaraHon or covenaats creating o:goveming the condominium or planned tudt devetopmea�the by-lav�s and regWadons .
<br /> , � of the condomiainm or planaed uait developmens.and wnsdtueat docnments.covenants and coatalned ln th�s _
<br /> ; � 7. Pmtec4lon of L�dea's Src�u�tty. If Bosower faits to perfotm the � . : .
<br /> Deed of Tn�st.os if any action or pmceeding ia commenced which materially affe�ts Leader's interest ln the PmpertY.then
<br /> • Leader, at Lender's apdon. upon aodce to Bmrower. may make such appearanccs. disburse such sums. lacladin8 I� .
<br /> 1 reasflirab2e auameys' foes.and take such acdon as is necessary w pmtect lxndei's Interest. lf l.ender roqniceA mortga8e
<br /> - ' ln„�ura�„e ee a condidon of maldng the loan secured by this Deed of Tnist.Bozrower shall pay the premiumg requirea to � � <_-
<br /> ..,�'� . ° maintain such insutanse in effect until such dme as the requirement for such insurance tetminates in accordance wltL 4 � .
<br /> i Borrower's and Lender's written agreement or sypllcable iaw. ! � . �
<br /> pny amonnts dlsbwsed by Lender putsuant to tlils paragraph 7.with interesc thereon.at the Note Yate.shatl become ;
<br /> � addidona!iIIdebtedness of Bormwet secuted by this Deed of Tnist. Unless Boaower and Lender agree to other terms of !
<br /> �'°' i paymsat� snch amouats shall be payabte upon notice from Lender to Borrower requesting payment ttiereof. Noth�n� � �
<br /> � . wntained in this paragra�h 7 shaU require l.eader to incnr an}r expease or take a�r acdon hereunder. i .
<br /> g, pnspedion, Lender may make or cause to be made reasoaable entries npon and iaspecdons of the Property. �
<br /> `:'� provided that Lender shall give Borrower aosice prior to any such inspecdon specifying m�offible cause thei'efor related to
<br /> � Lxnder's interest in the Property. ,
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<br /> '.� , NeDraeke 2b87fr7 7�97 Origiaal tRocordad) Copy(Hraach) Copy lCuotomer) Page 2 ots
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