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<br /> � UN�ORM CoVENANI'S. Bormwec and Leadsr�.m+enant and agree as foIIows: ' ,�• °�
<br /> � - � 1. i�mtnt o� F t�n c l�l aad InYa�. Potrowet s6all P��P�Y P a Y whzn du� the pzigdpal a�d inseresc . . �;=i�
<br /> � i�btedness tv�idenoed by the Note aad late sharges as pravided in the Note. . � .-
<br /> Z.Faa�H for Tasts attd I�rance. Subject to apglicable law or a writren waiver by Lender.Bormwer shall pay m • . �. � . . �`-�`~-
<br /> ; I.eader on the day moathly paym:nts of priasipal ans!int�zest are pzyable imder t�e Note. until the Note is gaid in fu11.a • , `�.-�
<br /> ! sum(hen3n "Fands')etNal to one-twtlRh of the yraaly mxes aad asse�meats(Includjng candominium wd plauae�unit . ��
<br /> i develapmeni ass�. if any)which m�y attain priority over this Deed of Tnist.aBd grouad tents on dce Praperry.if ''-�
<br />' j st1y.Plus one-rivelfl$of yeazly plemium inStaUII2eAts for h3z8Td insutenCe.Plus ont-twelfth of yearly Qtewium i�ctslln,�nsa � , . -
<br /> , � for ta�rtgage insuianoe. if aay. all as reasonably estimated inicially and from tim� to sime hy Lender oa che ba�.s of �. ' .
<br /> assessments twd bills av�zeasoaable estimaies thereo£ BorrowEr s6all n,nt be obli�ced ta make such payme�is of Funds
<br /> ' to Le�der to t6e�tens that Boirower makes snch pay�nts to the holder of a prior mortgage or deed of tmst if su�h holdgr - � ''- °F=—
<br /> • is an insdtutional leader. �' ' �� , �
<br /> If Boaower gays Fnnds to L�endEr, the Fnnds sball be held ia an iastitadon the degoslts ar ar,counts of wluch are ." —
<br /> �,-,;
<br /> insared or gaarmtced bq a FeGeral or s[a2e aB�Y Cinclading I.eader if Lender is s�an insatusioa). Lerder shall apply . -_
<br /> :1 the Fauds to pay s�id Cixes.assessme�s.!�cmm�rP pleminms and ground rents.Lender may nat charge for so holding and , • �-
<br /> " j aPPlying the Fnads, aaalyzing said�cxaunt or vetifying and compiling said asse.ss�ents and b�71s. anless Leader pays . , - �_.�`
<br /> . 1 Baaawer interest on the Fands and applicable law permits Leader w make sach a charga.Bo:mwer and Leader maS►agree - - -
<br /> in wridng ai dte drae of execution of tLis Beecl of Tmst that inierest on th$Fnnds sball ise paid m�omnwer.snd unle�s ,
<br /> ; sach ag�eme�is made or applicablc law teqniies sach interest w be paid.Ixnder strdll noi be reqa�cod m pay Bottower . '; ,:°`'�
<br /> arry interest or�S on the Funds. Leader shall give w Boaflwzr.widiout charge.an a�l asconnting of the Fmnds �: ';4a�"'".�'"' -.
<br /> showing cre�ts and debit�to the Fnnds and the puipose for c�t�ich each debit to the Fnnds was mzde. The Fw�ds are � '��'`'
<br /> . . Y.,
<br /> pledged as addiuomi sewrity for the snms secated bq this Deed of Tmst. ' .. :��+`��
<br /> . ,.4.��, -
<br /> . If the amouat of the Ft�tls held by IeBder.togethes with the fuUue mouthlq incrattme„r�of Funds payable ptior to . =.'i .� . ��:,__ .
<br /> the due da�s of taaes. ass��,In.,RUance pieminms aad gmaad reats,shall eacad the amauat required w pay said :'tf_ .'�;�:_�--
<br /> ." �tes, a�smenas,insnrance Premiams aud gron�renis as they fall dne. sach�shall be, at BotmwCC's uptiun. -= . ��=n.�='�•_
<br /> either pmmptly xepaid to Boanwer or credite�i to Bonower on monthty installments of Fnnds. If the amount of th�Fau�1s ��` ` ,'
<br /> held by I.enda shail nut be svffaent to pay tazes. assessments, insuzanc�premiams and gnzund:enrs as they fall dae. • • �~ _ '�'
<br /> � • Bairower shall pay w Ixnder aity auwnnt n�sarY to matce up tbe defu�iency in one or mon gayments as Lender may .`- �` .
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<br /> �• .�.,,. �:'.'
<br /> � Upon payment in fall of all soms s�by this Deed of T�v.st.Lender shall promptly ref�d t�Boaower any Fnnds �a�� '', '
<br /> . held hy Lea+drr.If under para�aph 17 hereaff che Propemy is sold or thc Praperty is otheiwise acru�,.^�d by Lender,Lender ����
<br /> ��.����. .
<br /> shall apply, no tater thau i�mediacely p��,.�w the sale of the Pmperty or its acquisYdon bq Le�r. anY Fnnds held by .'� �:•.
<br /> Lendtr at the time of applicatinn as a credit against the sa�s secared by this Deed of Tsns�. -'�`- � =��•r'-:
<br /> . �.�; 3.AppBc�tEfln ot payzu�Es. Unlesg a�plicable I��r pmvIdes othecwise.all p�yments�-�d bq I�ender woder the ,• . � • _
<br /> Note and guagirs�s 1 a�d 2�of sball lr�apptted by I.c.�.�r fnsc n�payment of amowms paya�te eo Lender by Boaower ' � .
<br /> nader patageagb 2�ereof,then w incerest�,;�le on the No�..a��za w the psi�ucipal of the N�:. ;,';�`�
<br /> y,:.,� �
<br /> 4.Prior Moit�tgcs and Dee�v oi 7'sm� Chstr�s:Lt�. £�ower sball perform all of Bormwer's oblig�tions :�.�2�:, . .�;f .;: =�,,
<br /> .. undec tny mortgage. dad of trast or other s�nsitp agu�t wnh a lien which has psiorIty over tbis Deed of Tmst, • � -
<br /> iactading Boaotiver's covenanrs to make payments when d�:.Boaower shall p3y or c�to be paid all taaes.asses�nts . �.;� ; �'� `
<br /> and otlur cd�uges.fines and imgosidons su�'�utable to t�:Propeny which may attain a p�iortty over tbis Dad of Ttas� -•`. . ,;.�.
<br /> , acrd 1�2d paymems or groand nnts.if aL,-y. , '• r .��;: ..,
<br /> s.Haard Ius�ace. Boaower sh,all k�p the impmveme� now eaisdng or herra�3�ted oa the Property '�,:__ -
<br /> � . iasund aga�nst loss bp 6re,La�ands iaclnded wItLin the¢�m'extended cavezage', an�sach ot�..�r barards as Lender may a;:r��:•,`�"' �
<br /> reqaite�nd�n sach nmaants and for sach perIads as Lend�may require• ,��.�,. �.,
<br /> The insa�ace caa�ar pmv�ding the insarance shall be chosea by�mmower s�3�t W a g p�c s v a l by L e n der;p r a v l d e d, `�'�..
<br /> - ttmt sach apyioval sbatl nat be uareasomblq withheld. All 9nsuiarse�lic'srs anc3��vats�f shaU be in a fomm ` ��. -•° •;,�-
<br /> aoceptab2e to Le�er and sbaU�oclude a swndaxd mortgage clavse in fas�os of a�A i�a fo�acs��table w Leader. E.ender .x� "�.; �`
<br /> ..:,...
<br /> ��.�__.::-.,�.
<br /> � sLall Lave ttie tight W hold the polldes and ronewals thereof,�jea w me c�����orc�a�,deed of teust o:other : �_
<br /> secarity�gceemeni wlth a lIen which has priority over this Deed of Tmst. .:',_ •
<br /> In the event of loss,Bflaower shall glve prompt nodce w the i n s u r a n c e curi�a n d L e n d.�. L e n Q e r may m a l c s proo f - �Z�:���" '
<br /> -•.i;�---
<br /> _ _����:_
<br />: of las9 if nnt muie DnomptlY by Bom�wer. �'�� _
<br /> I f t h e P r o p e rt y is�ndoned b y Boavmr.or if Bormwer�.s to r e s p ond to I.e�rler wiahi�30 days from the dae�e '���-i:`.�::`'.,�``�;.�:
<br /> :.ti�.�,• :: ,.:
<br /> � . nodce ls mniled hy Lender to Boaower that the insuraace canier oE�s to settle a cla�m for�nsatance benefits.Lender is <k:;�{:�;.�.�. : ��-
<br /> � antho�d to colleca�W apply the iasmanse procceds at Lender's ap�on either to�estomiion or repair of ehe Froperty or �`"•;�� . �. �.
<br /> , y w tht sams saand by this Dad of Tmst. ';�°"'#;�=`'""="f
<br /> �� �OD Slld ��l11iD0! Or �YlpQ'�f; LliSE�iOj�a �'.OII�RID� 'IL�9i �lII� Ull� �EYC�OpID�B� .^�i•.•.r:ilf 1�': '
<br /> ' � ' . ,t,`.;.,
<br /> � Boaower sL�U lceep the Pmperty in gaod r�pair and st�all aot cor�wa5te or permit impaiiment or deterlozatlon of the . . �.�:::..
<br />. • pmperty a�7 shW comply wIth the pmv�stons of any leue if this Deed of Ttust ls on a leasehold if this Deed asf Tn�st is • : � �
<br /> . on a�it in a co�omininm or a planned�it developmers.Bormwer sB�ll perform aU of Bormwer's obllgatics�der the �
<br /> � doclaisdon or cavenanis c�eadng or gaveming tLe coaG�ffiiafam or p�anned uait developm�,mi.ttce by-laws and r�.iladons . . . . ' --
<br /> � of tht wndo�m or planned aa3t deve'�q�eat,aad consdtuent du�¢aents. �� .
<br /> 7.Plrote��oi Lmdes'e Sec�aEig. If Boirourcr faits m��ds coveflants and a�eements contained ia t�:s . ;i�;: .�-_
<br /> � F3ad of Trnst,or if anry ac�t*n or pmceating is oomm�atdch�::r.alIy a:�Leader's interest in the Piopeny.then .;..: '. . �
<br /> Ixnder, at Iender's optIu�. upon nottce to Boaa�, may malc� s^,.c3�t a,�-;��ces. disburse such svs�s. 'snctnding . . �.
<br /> reasonable auomeys' fees.and take sac�action as is cs:es�ary to�r�.xt Lender's interest.If Lender mqairei•mortgage .. . .
<br /> insurance as a wndidon of mxtting the�secnresi by this De�i o'�Tr�st.Bosrower shall pay the premiums req�rind to . ,�;,'.�. —
<br /> � : maintain snch insuzance in effect until snr,h time as t�e requite��for snch insurance terminates in accordance with . . ,,;�.
<br /> :�
<br /> Borrower's aad Lender's wriaen agmement or appli�I;t�:aw. �-
<br /> A�r amaants disbarsed by I.ender parsuant to��aragraph 7.with interest therean.at dce Note rate.sball become � �
<br /> a�idunal in�debtedness of Boaower secured by this De�d of Tms� Unless Boaawer and Lendsr agcee to uther terms of . � _
<br /> � paqment, snch amonr.� shall be pay�ble upon noitce fmm Lender to �omower requesting payment thenof. Nothing =
<br /> wntaiBed in tUis pa�grapb 7 shatl ret�wte Lender to incnr any expense or take any acdon herennder.
<br /> . 8. Impeetion. I.endec may make or cause to be made reason�ble entries upoa and inspections of the Property, • � • �
<br /> . . provided thai Lender shaU give Barrowes nndce Rrior to at►y sach inspecdoa specifyiag reasonable cause therefor related to
<br /> :� I..en�er's inYemst in the l'mgerty. �---_�-`---`-------�•-'_._
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<br /> NeD�a�+tm Zb87�3 l li9b Or�9iaa1(Recorae8) Copy(Branch) Co�y(Cuetomer) Page 2 ofs � , ` �
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