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<br /> �;��,;:�_� ��:��unir C�.����i:,�v:a r3urrower ana i.ender covenam and ayree as rouows:
<br />- --�""' 1, P�ym�nt of Princip�l�nd Int�rost.Borrower ehall promptiy pay when dus the principal ancl Interest Indebtednosa
<br /> ...s.:,
<br /> evidenced by tha Note and lale cherges ae provided In ths Note.
<br /> ` �, Fund�tor TMxM�ndir�sunnc�.SubJect to�ppticable law or a wrltten waiver by Lender.Borrower shall pay to Lender
<br />-:;�.��' � on th�day monthly paymenieof pdncipel and fntereat are payable under the Note,untll the Note f�peld In full,a eum(he�eln
<br />��' -� "Funda")equal to one•tweltthof the yearly tex�a and es�easmenb(Includlnp condominlum s���d plannad unit development -
<br />.:��;t� .; . assesare�ente.If any)which rnay r�ttaln prlortty over thia Deed of hust,and�round rente on the Property,If any,plua one�twelRh
<br />�•�:., of yeeriy premium Installment9fo�hazard Inaurance,plus ane-tvrelRh of yeArly premium Installments for mortgage Insurance, -
<br /> It ariy,all as reasonably esGr��alsd Inftlally ar�i tro��i tiii�e to t{���e�y Ler�r o�t{�e baels o1 assesamenie and b(Ila rs�xi reesonable `
<br />-�N� eetimalea thereof.Bo►rower shall not be obllgeted to meke auch paymente ot Funds to 6.ender to the extent that Borrower makes
<br />-' - euch paymenta to the holder ol a prlor mortgAge or deed of truat ff such holder le an Institutionsl lender.
<br />"'o Y'�� I}Borrower pays Funda to Lender,the Funds ehali be held In an inatitutbn the deposits or accounta of whiah are Insured
<br /> _ ._.�
<br />_-��.� or guaranteed by a Federal orstste agency(includinp Lender if Lender Is such an institution).Lender ehall spply the FundS
<br /> -� to pay said taxes,assessmenl�,insurance premluma snd ground rents.Lender mey not cherge for so hotding and applylrtg
<br /> -_ '�` tho Funds,analyzing said accourst or verlfyfng and complling sald assessments and b(Ils,unlesa Lender pays F3orrowar Interest
<br />-�-.;.�;�:? on the Funds and applicable law permit�Lender to make such a charge.Borrawer end Lender may egree In writing at the time
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<br /> ,�, ,;; of execution of this Deed o(Trust that interest on the Funds shall be pafd to Borrower,and unless such agreement is made or
<br />:--�;,`'� ' eq pa , required to pay Bornower any(nterest a eamfnga on the
<br /> �..; appiicabte law r uires such Inte�rest to be �d Lender shall not be
<br /> ���' ' ' Funds,�er►der shall Ive to 8arowe�,without char g ng
<br /> �_�.,,,,�;�• g ge,en annual accountin of the Funds ahowl aredfW and debit�to the
<br /> ,.Y-�;u;��,.�, Func�endMepurposeforwh�heachdebfttotheFundswa�mede.ThAFundsaroplod�edasadditbnalsecurityfortheaums
<br /> --��qs;�� securedbythisDeedotTrust.
<br />°-°� �+�� if the amount of the�undsheld by Lender,together with the tutura monthiy instaliments of Funds peyable prior to the due
<br /> =�"'_�"r date�of taxes,assessments,Insurance premiums and ground rente,shali excead the amount requlred ta pay sald texes,
<br /> -==';�;'�� assessments,insurance prernium:q�u.�ground rents as they tall dua,such excess shall be,at Borrower's optbn,either promptly
<br /> �=`��—��?: repaid to Borrower ar creditedro Bacawer on monthly installments of Funds.If the amount of the Funda held by Lander shall
<br /> �K�,:� nat be sufHcient to pay taxes. assessments,insurance premlums and ground rents as they talt due.Borrower shall pay to Lender
<br /> �f�adr any amount necessary to make up the deficlency In one or more payments as Lender may requlre. -
<br /> _^�:R � Upon payment In full ot Snaums secured by thia Deed of Tru�t,Lender sh�ll promptly refund to Borrower snryr Funds held
<br /> -_--..� by Lendar.It under paragrapti 11 hereof the Proporty is sold or the Property is dherw(se ecqufred by Lender,Lender shall apply,
<br /> °_-- . no IaterlFsan immedlstely priorto the sale of the Prope�rt�r or its acquisltion by Lender,any Funds held by Lender at the time
<br /> _,-��--;�� of applic�tion as a credit agalnst the sums secured by this Deed oi Trust.
<br /> _ _ -- 3. Appllcation of P�yrrwnts.Unlesa applicable Iaw provides atherwise,ail payments received by Lender under the Note
<br /> v � ai n;F,ma�iiyri.3 i aiw c�ircrxii isnaii on appiied'oy Lendar nrsi in paymerti a a�moun[s payabie to�en�er by�ower under
<br /> =��' paragraph 2 hereof,then to inter�vst payable on the Note,and then to the pr�c�ipal of tho Note.
<br /> `•'�� 4. PNov Mort�ayss�nd De�i�ot 1Fust;Charoes;Llens.Bo►rcwar shail perfor�ail oi Sorrower's obligations under any
<br /> �`;;?� mortgaga,daed of trust o�otherRecua�i'ty agreemont with a Ifen which hae priority over this D�eed of�tust,fncluding Borrower's
<br /> -- covenants to make payments wha n due.Borrower shail pay or cause to be pald alI texes,assessments and ather chargee,flnea
<br /> — and tmpa�itions atiributable tothe Properry wh(ch rt►ay attatn a prfority over this Deed of Trust,end Iea�eFwld paymeMs or ground
<br /> rents,If ahy.
<br /> S. Huard Insunnce.Barc�war shall keep the improvemonts now exfsting or hereafter erected on the Property insured
<br /> ---- a�ainsl lass¢�y tire,hezards lncluded within the term"exte�a:overege",and such other hazards as Lender may require
<br /> and in suoh amouM�and tor such perlods es l.ender may requfre.
<br /> The ins�iranoe carrder prorldtng the Insurance shall by chosen by Borrowe��ubjectto approvai by Lender,provided�that
<br /> _ • sach approval ahetl not be unroa�anably withheld.All Insurance policfes end�enewats the�eof sh�ll be in a form acceptable
<br /> ,___.,,� . to Lendar and shall Include a�anc6�n�mortgage clause In tavor of and tn a form acceptabte to Lender.LNnder shall have the
<br /> �a� �Ight to hokl the polictes and renewals 4hereof,subje�t to the terms of any mortgage,deed af 0rust or�ther secur(ty agreement
<br /> - with a Ilen whlch has prio�ity over thls Deed of Trust.
<br /> Inthe event of tos�,Borccwer shall give prompt notice to the insurance carrfer and Lender.Lender may meke proot of Iws
<br /> fi not made promptty by 8wca►er.
<br /> ---_= If tho Property is ebando�d by BarroNrer,o�If Borrower fails to respond to Lender w�thin 30 days 9rom the date notice is
<br /> mailed by I.ender to 8orrowatlhat the fnsurance carrier of(ers to settle a clalrn for(nsu�ar�ce aet�pSs,�Lender la authorized
<br /> -- -_= 10 odbct and epply the insurance proceeds at Lender's aption either ro restoration or repalr W t?�e Propertg►or to the sums secured
<br /> by this Daed of iFust.
<br /> �. P�rv�tbn�ndMalnl�n�nceof Pn►perty:Leasehoids;Conclwniniums;Pl�nn�dUnftD�wlopnwnb.Horrower
<br /> shal!keep the Propetty in Qood repatr and ahail nat commit waste or permit ImpalrmeM or deteNoration of the Property end
<br /> shail cflmply with the provfsions o}any lease if thls Deed of Trust fs on a Ieaseh4ld.If thls Deed of 7Fust Is on a unit in s
<br /> condominium or a planned unh devetopment,Borrower shali peHorm ell of Borrower's obUgatlons under the declaratlon or
<br /> cov�e+'�nts aeating orgoMerninpthe condornlnium o�planned unit devaiopment,the by-laws and regulations of the condominfum
<br /> or planned unit development,�nd ccrostituent documents.
<br /> = 7. Probctb»af L+��des9S�curity.If Bornower fails to�c�Sor►n the covenants and agreements contafned tn this Deed
<br /> _ of Trust,or Hany action or pnoceeding is commenced which materially aitects Lender's intereat in the Property,then Lender,
<br /> �-=='�_'? at Lender's option,upon noticeb Ciorror�er,may make such appFarances,disburse such sume,fnciudfng reasaieble attorneys'
<br /> '- teea,and take such actbn as I�necessary to protect Lender's interest.If Lender required mortgage ineurance as a candition
<br /> �_ oi makfng the loan secured by thds Oeed oi Trust,Borrower shall pay the premiums requlred tu me(ntaln such insurence in effect
<br /> =-'°�i',� until such time as the requirement forsuch Insurance terminetes in accordance with Borrower's and LendePs written agreement
<br />=_:�.w a�law, _
<br /> eew anfn��Na At�lu�tieA iY.l �.uL.... �..��..�Lt�� ��.� "��_'_'_�' -..-
<br /> _ — -.��--•�.�-•.... ...... .q......o....rY�vYP���av an�v No�ayio}I�t /�alU�nitOfQ3l IfltlltlV(I�Hl 1�191V0I@�(B�snaii oecome =-�
<br /> -z:=: .� additional indebtedness af 8orrow�secured by th(n Deed ot 7rust.Unlesg Borrowerar�d Lender egree to dher terms of PaYmer�, -
<br /> 'fAr}'A
<br />��j,;,;-:. such amounls�hall 6e payabb upon not�e trom Lender ro Borrower requesting payment thereof.Nothing contained fn this "
<br /> _���;.; paragraph 7 shall requfre Lender to Incur any expensA or teke any action hereunder.
<br />-_ .:_:�. A. Insp�ction.Lender may make or cguse to be made reasonable entries upun and in3pections of the Prop�rty,provided
<br /> _`�"'�� t h a t L e n d e r s h a l l g i v e 8 o�r o w e rno t k e pr br to eny su�h ir�apeci l o n�pec i t ying reasonable cause therefor related to Lender's
<br /> �;�:��, interest In the Propenyr.
<br />-_"� 9• Cond��nnatlon.7he proceNds of any award or clalm for damages,direct or consequentlal, in connACtion wlth eny
<br /> . -_ condemnatlon a other taklnA oltAe Property,or part the►eof,or for conveyance in Ileu of cflndemnatlon,ere hereby assipned
<br /> ��' ���• and shall l�e{u�id to Lender,sub�eCt to the terms of any mortgage,deed uf trust or other aecurity agreement with a Ilen whfch
<br /> "="'' has prbrity over thfa Deed of Tfuat.
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