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<br /> 21147A 03/10/1997 �. 'r.':.�=•�¢
<br /> • � ROBER'f J HAMAR p� . ` � , �
<br /> ��-
<br /> UNtFORA1 COVENANTS. Borrower and l.tnder cinenant an3 agrc�r as fcilluws: g7� ��I�a� � � , , "�-
<br /> . l. �yment of Pr[nrIpal and [nterest. Barmwer shall pmnip�ly pay w�hen du� the principal and iacrce�[ � .� . � ��,.�
<br /> c . �
<br /> indehtednr+s e���denced by the Nc�te and lacr charge�as pnrvided in the N�+[r. ' n��,__
<br /> 2. �'unds for TaYes and lnsurasice. Subje��tu appli�:ahle taw ur a wri a°[h Nocry n'�che No e i's•pai�n full ta � � . i = '_
<br /> . s Ixader��n[hC day nu�n t h ly paymen n u f p ri n c i p a l a n d i n t e r c�s�t a r r p a y a b l e u n e . •, ;-:��
<br /> ,uni Ihercin "Fund,") eyual tu nne-c`�'rlfth uf the yearly taxes and a�sc�m�nts(including.:andonrinium and planne d unit � _
<br />, dcvtlopnient a�.,esa-menu. if anyl wiiich�uay attain prioriry over this Dc�i uf Trust.and gmund rcnts un thr Pruperty. if �' �. ,
<br /> • renuuni ia+tallnren[s for hazard insvrar►cr.plw one-twelfth of yearly premium in�tallmrnt, i � '-
<br /> �iy,plus onr-[welfth of yrarlY P �
<br /> for me�rtgagr in�urance. if an)�. aU a+ tta-'°nahly �°�� initially and from [isue co time hy Ixttder on thr ba�is uf ' •
<br /> : a,.;r�+niriu,am1 hills and*�i���wrr malcrs u h�►aymtnts�to[hr ho�lde,r uf�ri�rt�mor[gagr���d����t if�uch hol rr � . .:
<br /> � r a�che extrut that B�rr �`. '__�-
<br /> � a� Lrndr , _` ,._ .._:
<br /> is an ia�titutional lettdtr. �s
<br /> {j If Burruwe[pay+ Fun�w Ixnder. thc Funds Sha11 he held in an in,�icuds�n[he de�x�sics ur auc�unts uf whi�h an �, , Y , ,�
<br /> t in5-ured ur guarantte�f by a Fe�irral ur state egeacy licu:l u d in�Ixnde��unci rents.tlxnder nreins7itu�ti��gC f r�orh�ld'ng anJ � : . . a�.
<br /> � [hr Fund�u�pay sai d taxe�.assrs.,-ments.iwwancr prenuums and gn y ._ .,
<br />--- ap�y�yg � Funds, aualS'zing �aid account nr verifyiug and campiling said assessweau and hills. u n less I xn der pa ys –.- , ----- �--;^-•:!
<br /> &�rmwGr intercst un thr Funds and aPPlir.able taw pecmits lxnder to make such a charge. Bormwzr suJ ixcuter cnay agree - _��Y�.r.-
<br /> , 'f in writing at thr time��f�a�x:ution of this Deed of Tnut thas interest on[he Funds sha11 i�e paid[o Borrower,and un1e�+ . _-
<br /> ! such agrc�ement is madr�►r apPlicable law requiresl�ivr to B�rrower.pwithout��harge,an annual accountin�f the Funds , . � .�
<br /> ' any inte r e s t o r e�i n g s o n t h e F u n d s. l x n d e r s h a l g ��
<br /> � 'j sh�nving credits and debits to che Funds and the pw�pose for which each debit to�he Fun d s was m a d e. 'i'h e F u n d s a c e • . F'_ --
<br /> � addiaonal seci►rity fnr the sums secvrtd bY this Deed of Tnut. • I rior to . -'.���--
<br /> , f pledged as -
<br /> � If tl�e amnunt of thr Funds hrid by Lender, together with the future montWy inttallments off l�unds pa�ab e p .�;�; _�.
<br /> [hr due dates of taxes.assessments. insurance premiums and gc�und rents. shall excxxd[he amouiu required to pay said - *€;:',;,.;��`='_ �
<br /> caxes. assessmenu. insurance piem»ums and gmund renu as [hey fall due. a�u�.h ex�css shall be. at Barmwer's option. • , .;'�': :t.��+�..
<br /> . m
<br /> . . ..�,_=--
<br /> :' eit6er pmmpdy repaid to Bormwer or credited ta Barmwer on momWy insCnfilmen3s of Funds. if che amount of the Funds �• ., .". .y_•,
<br /> S
<br /> . q.� held by ixnder shall n��t be su f ficient[o pa y taxes.assessments•in�'u�an�e premiums and grouIId rents as�hey fall due. �;� ��`'
<br /> '; � Barn►wer shall pay to lxnder any amnu� n�e"az7' ta make up the deficiency in one or mom pay�uents as Ixnder may ��
<br /> � .:
<br /> � require. Funds . , � � �
<br /> p tefiuid to Borrower any ._,> �, �:".
<br /> Upon payment in full��f all sums sm.-ured by this Deed of Trus[.Lender shall u��itivise acquired by l.ender. Lender _-n•_: ' �.- �::
<br /> held by l.ender. If under paiagtaph 17 hereof the Property is sold or the PropertY
<br /> shall apply. no later[han inuuediately priar to the sale of the PropertY or its acquisition by Lender. any Funds htld by . ,'•,: i , _
<br /> b [tUS Deed of Tcust. s=,y..i; :
<br /> ixnder at the ame of applicadan as a credit against the sums secund Y IIa received by Ixader under the ��'�'�
<br /> , 3. Application of Paym�. Unless aPplica�'le law provides othenuise.all Payme ?��:,,- .
<br /> a le to l.ender by Borrower • . �:;,:r�. ...�
<br /> ' '_Vote and paragraPt�s �and 2 hereof shall be applied by Lender fi�st in payment of amounts p Yab
<br /> ' under paragraph 2 hereof,then to interest payable on the Note.and then to the Principal of the Note. •,� -..�
<br /> 4. p�� M�rtgages aad Deeds of Twt; CharSes+ l�er�s. Boa°wer shall petform all af �arrower's obligadons � ,� ; —
<br /> mon e de�d of tn�sc or other securiry agreem�nt witg►a lien which has priority over this Deed of Trust. "'_:� :�.; � .
<br /> under a� P�g • nts when due. Borrower shall pay or cause to be paid all taxes.assessments _ . •� ..J�; i,
<br /> -- including Bormwer's cavenants ta make paYme �ich n�a attain a priority rn+er this D�ed of Tntst. � �
<br /> • and other charges. fines and impo��id��nc amibutable to We PropertY Y , •.�. �;
<br /> � and leasehold payn;ents or ground renis.if ury• ��
<br /> g. }�r�rd Insurance, Bormwer shall keep the improvemenu now existing or riereafter erected on the Prc�peny . �_�
<br /> insured against toss by fire.�ajards iuc:luded w�thin the term"extended coverage".and such other 6ar�rds as Lender may � . �
<br /> �.�. requirr and in suc6 amounu and for such periads as 1..ender way require. _ `�- �"`� �
<br /> ' The insurance carrier providing the inmrance s1�a11 be chosen hy Bo luies and enewals thereaf shall be nroa form •`-'•�-- � .�-::•:�.—.
<br /> ��=
<br /> that suc6 approval shaU not be unte�sonably withheld. Ap inn�rance po� �..�,..
<br /> acceptable to Lender and shall include a standard mortga�e clause in favor of and in a form acceptable to Lender. 1-euder .��`�""=
<br /> . s4a11 have she right to ho l d t he policies a�renewals thereof.s�bjecc[o the terais of any mongage.deed of trust ar other = . . �•�.�_,
<br /> � S�ty agreement with a lien wluch has priority over this Deed of Trust. �"-�.,.,�
<br /> of lu�s.Bnrmwer shall give pmmpt norice to[he insurance carrier and Lender. L.ender may make proof �_:-.--.r�.�_:._`=�: -
<br /> In the event -
<br /> � � af loss if not made proatAdy by Borrrnver. , . °�'`-
<br /> If the Propen}+�s aband�ned nY Botrower, or if&►rrawer fails to respond to Lender within 30 days from the date _ .,�^7 r T . • .-
<br /> �� notic:e is n�ailed by Lender to Borrower that the insuranse carrier c�ffers to setcle a claim for iusurance t�nefiu• Lender is . ; �
<br /> authorized to wllect and apply the insvrance Prc�ceeds at Lender's oprian either to restoration or repa+r of the Property or t . • • .• .�°`•.'�*. _
<br /> .. .:,,.�._..,,, .... ��-f
<br /> to[he sums secured by tlus Deed i•f Tn�st. Unit Develo ents. .:: . .: '... •': •Y�
<br /> 6. Preservation and Mainienance of PnupeQty; l.easehotds: Condom�ni�uns; Planned Pm .,,_,,�_;,,..,.,:.,.,
<br /> . Bnrrower shall keep ehe Propecry in SMx1 rePair and shall n�t ce�nunit w�ste ar�ernii[ imp�irment or dererioratson of thr - :
<br /> . . propetty and shall comply with the provisions of any Irase if this Deed af Trust i�on a leasehuld. lf this Der.d uf Trust is .. —=.:;�
<br /> on a unit in a condominium or a P1ann�unit development,Borrow�r shall Pe�t d elo n�ent,the b aws�and regulations '�, •
<br /> d e c l a r a t i a n o r c o v e n an t s c r e a u n g or govemin g the condomimum or planned P 7'' � .
<br /> ' of the condominium or planned unit development,and consdtuens dacuments• � � • _
<br /> 7, protection of Lender's Sec�ity. If Borrower fails to perforn� the cnvenants ancl a8reements contained in this
<br />• � peed af Trust.or if any action ar pmceeding is commenced wfiich materially affects Lender's interest in the Praperty.then . �
<br /> ,�` .
<br /> Lender. at Lender's opuon, upon antice to Boaower, may malce such appearances. disburse such sum�, includ�ng
<br /> reasonable aitn�eys' fees.and take such action ac is necessary en Pro�ect 1x�Wer's interest. If Ixnder reyuired mortgage
<br /> ;nsurar,ce as a condirion of making the loan secured hy this Deed r�f Trust. Bnrrower shall pay the premiums required t�� . . ,
<br /> maintain sueh insutance in effect until such rimr ac [he reywren�cnt fur such insurance terminatey in ara�rdance with _
<br /> Borrs�wer's and I.ender's aritten agreement or applicable law. ,
<br /> Any amnun�c disbuned hy ixnder pursuant tu this paragtapli 7. with interest thereon,at the Note rate. ,hall hecumr �
<br /> zdditional indebtedness of&�rrower secured by this Deed��f Trust. Unlrss Borrincer and Ixnder agrer ro othrr termc af I �_ ,
<br /> . payn2ent. such amounts shall be payahle upon natice fmm Ixnder tu Burrower rryursting payment there��f. Not6ing t '.{ �
<br /> .. contamed in this para�raph 7�liaii icyu;�e I-e�ckr ti1 ir.�su an,ea�n--�=�,r rake a�n actinn hereunder. l _ , ..
<br /> ' g. Inspection. Lxnder may make or cau+e to he madr reasumble entries upnn and iaspecriun� uf the Pn�perc}•. � , �'-�
<br /> � prmrided that lxndet shal!givr Bnm�wer nnrice priat to any�uch ins-�cion�+e�i$'mS Tea-��nahle�:ause therefi�r rclared u� i
<br /> i
<br /> � j Ixnder',interest in the Pmpert}�. � � . ,
<br /> -- � - –� -
<br />- � Pace:�.($ . � . _
<br /> • � Vehra�k.+=FK'h s i i Vh Oziginal(Recorded) Copy(Branch) Copy(Customer) — . �
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