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<br /> ' BRIAN H LAUX KENDRA K LAUX 9$0+ �{�i'��3 3508051 Ol/27/1998 �.`i�:i;�Y
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<br /> �� ' UNIRORM COVBNANTS. Bon�wer and Ixnder covrnant a�x1 agree ati fi�llows: `
<br /> 1. Payment ot Principal and Interest. Born�wer shall promptly pay when due the prlacipal and interest , ' `
<br /> ' ' Indebtedciess evidKnced by the Note and lare ch:ugrs as pruvidrd iii thr Nute.
<br /> 2. Funds for Taxes And Insurwnee. Subject a►appllcuble law c�r a written waiver by I.e�xler, Borr�iwer stwll p�y to ,'�,
<br /> iLender cm the clxy nwnthly paymeius of pri�wipal arxl Intenht ure payable u�xler the M�►te, undl d�e Note(s paid in full,a -
<br /> , sum (herein 'Fu�xis")eyual hi rnx-twelftl�of dse yearly taaes aixl assrs.snx�nts(iixluding anxl�m�iniuni xnd planued unit -
<br /> � I develapn�ent a.tisessn�ntn, if any)which n�ay attaln prlo�ity iwer this Deed��f Trust,a�xl growxl rents on ehe Property. if �:, __
<br /> unY, plus une-twelfih of yearly premium fnstallments fi�r Iu�urJ insuraike.plu.ti u►k-tw�ifth of y�xrly pnruiva�InstallpKUU -•.,_�'-
<br /> °' S for nwxtgage Luura�x;r, if any, all as rea.umably rsdn�ated intdzlly aixi from tin�e to tin�r by Lender on the b�sis of ''-'�'
<br /> ,,,,,,,,,w ? assessments and bills aixi reau�tuble e�dn�,ltes ti�ereof. Borcawer shall tx�t be obligated tu n�lce such payments of Funds - , 4
<br /> , ,.....-»�r�. to i.ei�der to d�r extent tl�at Borrower nuikes such paymenG�tc�the huWer uf a prior nwrt�age ur deed of trust If such holder -'Y�
<br /> ' Is a�i institudu��al leuder.
<br /> e If Banower pays Fu�xls to Lender, d�e Funds suaU t►e held in an inst�tuduu die depnsits ar Accounts of whtch are ��-
<br /> • iusured ur gunraute�l by a Federal or stute a�enc:y(in�:luding Ixader if Lender is such an inst�tudon). Lender sball apply �=--
<br /> : � the Funds to pay satd uuces.assessments, i�uuracke premiunu a»d grouad rents.Lender n�ay not edarge for so holding and _--
<br /> upplying the Punds, a��alyzing saiJ acc��um or verifying and compiling said assessments arnl bills, unless Leader pays
<br /> ,�' Bacrowcr inrerest on the Funds and applicable law pernilts I.ender ta make s�uch a charge.Borrower aud Lender may agree -
<br /> � ia writtng at the tirae of execution uf d�fs Deed of Trust d�at interest on the Funds shall be puid to Boaower.and unless
<br /> k such agreemenc is n�ade ar appljcahle law requires such interest to t►e paid, Leuder shall not be required to pay Borrower
<br /> �.t any iaterest or earnings on the Funcis. Lender shall give to Bormwer,wtthout charge, an aauual accoundng af the Ftu�ds � _ _
<br /> ° f� showing credits and debits to the Fw�ds a»d the pur�wse for wh1cU each debit to the Funds was made. The Funds are
<br /> , � pledged as addidonal security far the sums secured by thls Deed of Trust.
<br /> ` If the an�ount c�f the Funds held by L.ender, rogether with the future monthly iustallments of Fwids payable prlor to
<br /> the due dates of ta�ces, assessments, insurance pren�iwus and ground rents, shall exceed the awount requimd to pay said
<br /> �. taxes, assessments, insurance pren�iums and smund rents as they fall due, such excess shall be, at Borrower's opdon, _
<br /> � eithc;r pmmptly repald tu Bartower or cmlited to Bnrrnwer am m�nthly iiutalltaents of Funds. If the amount of the Funds
<br /> held by I.ender shall not br sufficlent to pay ta�ces. assessn�en45, insurance premiun�s and grauad rents as they fall due,
<br /> Borrower shall pay to I.ender any anx�unt necessary ta make up die deficIency in one or more payments as I.ender may
<br /> �� require.
<br /> � Upon paymeut tn full of all sun�s secured by this Deed of Trust. Ixader shall prompdy refitnd to Borrower any Funds
<br /> .___ held by Lender. If under paragraph 17 hereof the Property ts sold or the Pmperty is otherwIse acc�ulred by L.ender. Leader _
<br /> - shall apply. no later t�an tmmedlately prior ta dte sale of the Prnperty or its acyuisidon by L.ender, any Fwids held by
<br /> Lender at Wr time of applicatlon as a credlt against the sunu secured by this Deed of Trust.
<br /> 3. AppUcation o[Paymenta. Unless appllcahle law provides otherwise, all payn�ents recefved by I.ender under the
<br /> • Note aud paragraphs 1 a�x12 hereof shall he applied by Lencler first in payment of a�vounts payable to I.cader by Bottower -
<br /> under paragraph 2 hereof,d�ea to lntemst payable on the Note,and tlien to tl�e princtpal of the Note.
<br /> 4. Prior Mortgages and Dcecl.s of Trust; Charga�; Uert�. Borrower shall perform all of Borrower's obHgadons
<br /> under any mortgage. deed of truu or other secudty agreement with a Ilen which 6as prioriry over this Deed of Tcust,
<br /> Including Borrower's crnenants to n�ake payments when due. Borrower shall pay or cause ro be paId all taxes.assessmenu ---
<br /> aad other charges, fines a��d impositions attributable to the Property whlcli may attain a priority over thir Deed of Tn�st.
<br /> r n:.�i;,�Yold payments or ground reuts,tf any,
<br /> S. Hazard Insurance. Bormwer shall kecp the impmvemeats now eaisting or hereafter erected ou the Properry
<br /> insured against loss by fire.ha7ards lacluded wtthin the rern�"extended coverage". apd such other hazuds as Lender may
<br /> � mqulre and in such amounts and for such perinds as L.ender may require. �•.
<br /> � The iusurance carrier pmviding d�e insur.uxe sf�all be chosen hy Borrower suhje�:t to approval by Lender;provtded, _
<br /> tliat such approval shall not he unreasoaahly withlield. All insurance polictes and renewals thereof shall be ia a form
<br /> � acceptable a�L.ender and sl�all i�xlude a standard mortgage clause in favnr nf and tn a fnrn�acceptable to I.ender. Lender
<br /> � shal!I�ave the rigut to liold d�e p��ltcies and rene�vals thereof, subjec:t to the ternu uf a��y mortgage.deed of mut or otl�er =_
<br /> security agrecruent with a lien whicl� hes priority over d�is Deed of Trust. _
<br /> �, j In the event of loss, Bonower shall give prumpt natice tn the iasurance carrier and Lender. Lender may make proof �
<br /> �� of loss if not macle pranipdy by Borrower. �`
<br /> , . If the Property is abanduned by Borrower, ur if Bottciwer fails to resExmd to Lender within 30 days from the date __-�-�
<br /> notice is mailed by Lxnder to Born�wer that the insurance carrler offers tci settle a claim for insura�xe benefits, Leader is =
<br /> authar�zed to colleet and apply the ins�urarxe prcx:eeds at Ixnder's uption euher to restc�ration or repatr of the Properry or .�`,-`"___��
<br /> to the svms secured by this Deed�if Trust. _�";,..'�
<br /> � 6. Preservation and Maintenance of Property; Leaseholdst Condominiums; Planned Untt Devetopments. `����
<br /> Bonower sUall keep the PrnE�eny in gcH�d repair and shall not commit waste cir pernilt tmpairn�ent or deterioradon of the � _—
<br /> Property and shall comply with tl�e provisions of any lease if this Deed of Trust is on a leasehnld. If this Deed of'frust is ,
<br /> ou a unit in a coaduminiun�i�r a plaiined unit developmeut,Bormwer shall perform all of Bormwer's obligadons under the
<br /> ' declaratton or cave��ants creating nr�overni��g tl�e cond��nuiriuni ur plam�eJ wut Jevrlopment,die by-laws aad reguladous
<br /> iof the cundominium e�r planneJ unit elevrle�pn�rnt,anJ a�ustituent dcxuments. " .
<br /> • ; 7. Protection of Lender's Security. If Borrciwer fails tu prrtiirm tl�e cuvei�ants aud agreements ccmtaii�ed in this `
<br /> ! Deed uf Trust,ur if any action or pnxreding is cummenced wl�icli materially aftects lxnder's interest in the Pmperty,then
<br /> IxnJer. at I.cuder's upciem, upun notice w Burruwer. neiy n�ake such appearauces. disburse such swus, including ..
<br /> � reasonable attornev�' fee�. 8t1(� I3I(e SUL'II dCtlt)Il 3S IX IIeCNSSarv tc�niMec:t IYnde['c inferect. If Iencler renulrnd mnrtvaoe
<br /> `� 1 insurance as a amdition uf n�aking the Ie�an securrd hy this Deed of Trust, Bonower sliall pay die pren�iunu required ro
<br /> � n�aintaiu such in�urance in effect until such time a.e the requirement ti�r such insurance terniinates in accordunce witi� '
<br /> � Borrc�wer's and Ixnder's writte�i agreement i�r applicable law.
<br /> � Any amouttts dishunctil hy Lxnder punuant tu this paragrapl�7, with interest diereun, at the Note rate,shall ber.ome
<br /> additiunal indehtednr�.�of Burrc�wer se�ureJ hy tl�is DeeJ of Tnist. Unless Borruwer and lxnder agree to other ternu of
<br /> payment, such am��unh shall he pxyahle upc�u ne�tice frum l.r��der tu Bnrrower reyuesti«g payn�ent thereuf. Nothiag
<br /> cuntained in diix paragrapl�?5ltixll reyuirr IznJer to incur any expense�tt take any acti�m!e,e�lmeter.
<br /> � 8. Inspectlon. Lxnder n�y make ur cauu tu he nude rcasuiuble emries u}xm and i�tiy{x�tions of the Property,
<br /> pmvided tl�at Lcnder shall givr Burcciwer nutice pri�ir tu any sucl�i�L�pection sprcifying re.isen�able cause therefor related to
<br /> � [xnder's intrrest in thr Proprrty.
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<br /> Nci�n.t:�2nx�n� r�v� OriginallRecordad) Copy(Branch) Copy(Cuatomor) P:�gc 2��rs ;
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