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<br /> �-�����j 10i808 02/17/2598 ``. ` , ' -`
<br /> � � MZCEiASL K NORD TAT�uR7t K I�TORD � x ' .
<br /> � � � - � � - U���o��. Bo���������uo�: . 98—��,�,��� � ��� .
<br /> � .� . 1. eat of FrincSpal and Int�st. Bormwer sball promP�Y �Y when dne the prInciPal and interesc `:,`r . • ° `
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<br /> � � . indebtedness evidenced bv the Nate and late chaTges as pcovided in the N�e. . .. `
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<br /> � , �_,� Z.�lomids fo�Tests and I�s�ace. S1�biecc to applicable law or a wriaen waiver by Lender.Bonower s6alt pay co : , : �
<br />, .� .,�.j Lender on the day amn�y�ayments of principal and'mterest ace payable ngder the Note.ann'1 tbe Note is paid ia fiill.a Y �;`� y.� :.
<br /> -'-� sam Neieia'Fund:')eq�:�o one-twel8h of the yeaiiy taxes and a�sessmeuts(includinS condnmimnm a n d p l a n n e d amt . . ., r
<br /> - -_------ developm�nt asv�eIIts.if any)which may auain p�ority over dus Dced of Tmst.aad Smund�ts on the PmPeny'•if -- -
<br /> — '-- =----� a�►y�ptns ane-*.we18h of ye�ty premium ia�aila�ents for ha�rd i�araace.Plns ono-tvveifth of yeffiiy gri�iidun;I�-t� _ ._ . .
<br /> fnr mort�ge insmanoe� if anp. all as reasonably estimated iniitiaUy aad fmm dme co time by I.ender on the basis of , . .
<br /> i
<br /> � a�e�ss a�b�Ls and ieasonable estimates thecea£ Borrower sLall aot be obtigated tn make snc6 paymeats of Fwnds - `. ' `
<br /> ' ta Lender to t�extent t6at Boaower makes sastt paya�ents to tUe holder of a prior mortgage or deed of avst if snch holder '. ,
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<br /> . ,,,� is an ins�ional tenuder. .. _
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<br /> ` If Bormwer pays Fnmds to Lender. the Fnnds shaU be�1d in an institudon die deposits or accounts of which mre _,-�-
<br /> , , , in�ed or goa�ueed iry a Federal oi state agencY(incinding L�der if Leader is sac�an�nsuamun). leader shall app1Y .. `
<br /> tLe Fnnds w pay said taxes,ass�sments.inmiaace Premiums and ground reius.I.ender may not cbarge for so ho4ding an0 , , t�-� �..
<br /> , appiying the Fnnds. aaalyzing said acwumt or verifping and oomp�ing said A����aud biUs. unless Lender paqs - , '�
<br /> ' ' Boa�ower 3ns�st on the Fun�s and agpl�Cable 1aw p�its Leader to make sach a ci�arge.Boaawer sIId Lecder m�Y� . . � �r� .
<br /> ' ia wrlting at the time of eaecntinn of this Deed of Tmst that inter�st an the F�mds sLall 6e paid to Boaawer.and ualess `� :
<br /> • � such agreement is made or agpficabte law nqniies such incerest to be gaid,Lender st�all nnt be required to pay Bosrower � ez•'
<br /> ' ; ; azry iaterest oz e�mngs an the FmWs.Lender sball give to Bormwer,wnhnnt c�arge.aa amroal ascountin8 of the F�nds , _ -
<br /> - , sLnwing credits aud debits w d�ee Fuads and the p�upose for which each debit to the Fands was rf�ade.The Fnads are �' _
<br /> Pledged as additional securitp for the svms secured bY this Deed of Tms[. 6 .'` ---
<br /> . ,. , � If the amfllmt of the Fands held bq I�ender.to$ethet with the fapue momhly inctallme*�r�of Fands payable prior W - .
<br /> the dae dates of taaes.a��. insataace pretniams an�groand tents. shall exceed tbe amo�t reqtrired to pay s a i d f =-
<br /> - � _ �s,asses�ents.ins�ance pie�s and grounfl zents as they fall due. sncb escess shail be, at Bosmwer's option, t'_`...:. ,.<;
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<br /> �' � �►�P��Y�d tfl Boauwer ar c�dited to Boirawer on mantlily iastallmeuts of Fun�s. If the amount of the Fua�s , '_ '�"
<br /> ::�,. � '� i Letd by LRnder sbaD not be snSa�t w pay taaes.asse�smenis. msorance piemioms an�gmuud reIIts as they faD due. _... _--
<br /> � � Bomnwer shall pay oo Iender any amount necessars►w make up tLe defrciency ia one ar mnre payments as Lender may � =—
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<br /> , tpQltit�- . •.t.-`�.;E',.�:
<br /> � . , Upon payment in full of all sanns secared by this Deed of Tmst,Lender shall pmmp8y refimd to`Boaower a�r Fuads ,>.,.;�,��-
<br /> _ held by Lender.If nnder paragmph 17 heieof tte Ptoperty is sold or the PropertY is otherwise acqni�ed bY I.ender,I.ender _ ,:. .y•:�.�.�_
<br /> �• : sball apply.nn later tl�an immediately prior to the sate of the Property or its aoquisilion by Lender.a�t Fuods beld by � `_-=—
<br />--�. . Lender ai the time of application as a credit a�aainst the sums se�aued bY diis Deed of Tmst. , •'�'-- -
<br /> ns .. T��
<br />;,r. .. 3.Appllc�tton of Faym�ta. Unlesg app2icab2e law piovidss othe�anse,all paysneius received by L,ender under the '" :,:. '._,==:,:t`
<br /> �• �±.,�,
<br /> . � Note aa�paragraplLS 1 and 2 h�of st�aii be applied bp Lender fust in payment of amounrs paysb2e co Lender by Bmdcower . -<__- .
<br /> � nnder paiag�aph 2 her�of,then w i�tere.st payable on the Note,an�then w dte p�ncipal of the Noce. �,.;;;��s,-
<br /> �. . ...,;;�,�:�,-,
<br /> ..; . . 4.IMor Mort�ges an�Deedg of Tr� C6argesi Idea9.Borrower shall perfoinn all of Bouower s obligasions ��.`
<br /> � �it:c sII►q mortgage. dced of uast or other seauitY aSreement wIth a lien which Las priority ave�tbis Deed of'IYast, .:•. �` �' �,,
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<br /> � inctading Bomawer's covenaats w make paqm.,°Qrs�vhen dne. Boirower shail gay or canse to be paid atl taxes,ass�sm�� •• .;;��_
<br /> � and other cbarges.fines and im�ositioas atm'butable w the Property wLich may attaia a prioriry over tk�is Dee�of Tm�t, ° =�.
<br /> �.,�s,_•;
<br />- � . and leasehold payments or ground rents.if anY• , ��='-
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<br /> • ° }_,�,,�S,,,.�gla�rdt InsvracnM�e.t Boaower shall keep the improvemencs now exisoing or hereaRer erecced on ttte Property � � ..,_;-:; .. �Y-
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<br /> .. • y{y�y��$�1�$$Uy lYG��J6[N"���rj4YG{i Wi�WG�.��Cx�CAVCISgC����QW6+YGlaaW7 8.f LFW►ii�y :;.;r���y�:_�
<br /> ' � I�jD1IB 8I1��II SI1Cj18x'�OUIIIS 8D�f0i SaC�1 pCttOdS 83 T.CDdCi ID3y L�W�e. . � ��a,.
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<br /> The insurance caaier providing the:^�,•An�°shall be chosen by Borrower sabject w appmval bq I�ender;pmvlded. ':: t--
<br /> � .. .� tbat such appmval shall not be u�easonably withheld. AU ins�ance poHcIes and renewals thereof sl�aU be in a foim : ��:'•`•'`��..
<br /> ,,..:s:.>.�. �.
<br /> � acceptable to Lender aad sLaU include a standard mortgage claase i�favos of and in a foim acceptable to Lender. Lender . �r`r.
<br /> acc . �-�
<br /> . �r shall have the right to ho2d the policies and reaeaals thereof. snbject w the terms of any mortgage,�eed of uust or otLer � -
<br /> -: -•`:1 secndty agreement arith a llea whicb nas prio:icy aver this Deed of Tnist. .._..... __ _
<br /> _:;r . � < In the eveat of loss.Borrawer shall give prumpi notice to the iasuiance c�rier aud Lender.Lendea may mage proof .
<br /> r , i of loss if not made prompdy by Borrower. . . ' .
<br /> � If the prnperty is abandoned by Bo:rower. or if Boirower faits ta respond to Lender within 30 days from the date �
<br />-..,,. . notice is mailed by l.eader to Bosower that the insorance canier offezs to seule a claim for iasntance bene5ts.I.ender is � . �
<br /> ` anthor�ed W collect and apply the intivrance pmceeds at Leader's option either co n�swradoa or repair of the Propeny or , . �
<br /> � � w the su�ms secured by this Deed of Tn�st. . . .
<br /> � su ms
<br /> - + 6. �►�eservatloa and Mat�enanse of Properiyi I.easeholds3 Condomtnl�ns3 F�aned Unit Develo�neuis. �.
<br /> :•; : Borrow�r sha3D keep the Pmperty in good repair and shall aat commit was�e or permit impairment oi detedaratton of the • . .
<br /> . � pcopercy and shall comply with the provisioas of aay lease if this Deed of Ttast is on a leasehold.If this Deed of Tms�is . .: .
<br /> � on a uait in a wndomininm or a planned unit development.Borrower sbaU perfoim all of Bomower's obligadoas undet the �. �
<br /> • . declaradon or cavenants creadng or�ovesnin�[he condominium or planned unit developmem.the by-pav�vs aad regtilat�ons . ' ' : ,
<br /> ' • of the coadominium or planned ualt development.and consdcuent documents. .
<br /> 7. Piroteetton o�l.endei's 5ecurity.lf Borrower fails to perfo:m the covenants and ageements contained in tLis " . •
<br /> � Deed of Tnut,ar if any acrion or proceeding is commenced wiuch materially affects Lender's interest in the Propeny.then --
<br /> `�'. Lender. at Leader's option, upon aotice to Borrower. may make such agpearances, disbuise s�cL sums. including .
<br /> ;�. rrasonable auomeys' fees,and take such action as is necessaiY to protect Lender's i�erest.If Lender requiied moicga8e . �
<br /> lnsurance as a cnadit�on of making the loan secured by this De�d of Tn�st.Boscawer shall pay the p'remivaos required W .
<br /> . , maintain such insivance in effect until such time as the requinement for such lnsurance teimtaates in accosdance wlth ' .
<br /> _ • ' , Bo:rower's and Lender's written agreemen�or applicable law. � .
<br /> � . Aay amouats disfiused by Lender pursuaat to tbis paragtaph 7. whh intemst thereoa,at the Note rate.shall become
<br /> � addit3onal indebtedness of Borrower secured by this Deed of Tnist. Unless Borrower and Lender agee to other teims of i � .
<br /> ',� payment. such amnunts s6all be payable upon nodce from I.ender to Horrower requesrin� paymeni thereof. Nothing ; � .
<br /> ; contained in this paragraph 7 sball require Leader to incut any expense or take a�r acdua hereuader. �
<br /> �. Iaspectton. Leader may make or cause to be made reasomsble enuies upon and inspecdons of the Pcoperty. �
<br /> � provided that Lender shall give Borrower notice p»or to any such inspecdon specifyiag reasonable cause therefot related to �
<br /> ' • Lender's iaterest in the Property. • . .
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