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<br /> -�� � '� t ' Borrower covcnrmts that Barro�Yr ia lawti�Uy sclzed of the estatc hcreby conveycd and l�as tlio right to grant and --"`
<br /> ' conv�y the Property,nnd that the Propezry is unencumberod,oxccp!for cncumbrances of rccord. Horrotivcr covcnants tl�nt
<br />;�� .. ���' • Borrower warrants and will dcfcnd generally tho title to Ihc Properry against all claims and dcmands, subJect to
<br />: , , . ��,� encurnbranas of rccord.
<br /> �;' IJNIFOP.M CaVL'NANTS. Dortoti.�ar and Lcnder covennnt s�ed egra ae follows: =
<br />,;,:� � 1. P�yment ot Priacip�l �nd Interest. Bortowar shall prompUy pay when duc the principal and inte�cst _
<br /> indcbtcdncas evidenced by the Note and laic chargcs and other chfuges as provided in thc Notc,
<br />,"�"-�'ri�- 2. Paymtut ot Tue�. Subj�ct t� applicable luw or a writtcn waiver by Lcndcr, Horrower shall pay taxes and
<br /> '�� assessments(including candominium andplaan«!uait development assessments,if any)whicli may attain priority over thlc
<br /> y � Deed of Trnst,and ground rents on the prope�ty, if any. �
<br /> 3. Applicadou of Payuknt�. Unless appGcable law provides othenvise, aU pay�uents reoeived by Lender unde�r
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<br /> ��;;�., tde Noto and paxagraghs 1 and 2 hcreof s�all be appliod by I.ender first ia payment of amounts �raya4xle to Lender by
<br />�:ki,:�.;:�:;���.� Bonower under paragrapl�2 hereo�thento interest payable¢��ihe Note,and Ufien to the principal of rt�tE Ns�te.
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<br />.%::i��?<<;?�� q. Pr�or Mortgag�ansl I1er.d�o�'3'r,u�s;Ch�r,�ca:Y.ien�. Aosa�n�er shall perform�1�of�orrower's obli�atioz�s
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<br /> :�� . �`�,. unz}�s�ny mortgage> �eed oS Zn,st rs mthes sc�arit3' pl�ecmenz s�z�a A l�en �vivci� �.�u pmori3y ovcr this Dced of Tn�sl,
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<br /> ;,,{�,,:�,1,� e�n�lt�ding]3onowet's�uer.:Gnts t�o.��pa*�menas�vhen due. Borrower shtill puy or cause to be paid,prior to delinqucncy,
<br /> -F".����:•'�` all tw;eF,asscss:�.�en'es end otLer charges,fic�es ond impositioas attrIbutable to tbc Property which may attain a priority over
<br />-';��`. ' this Deed of Tcust,and leasehald payinen�s or ground rents,if any.
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<br /> �`�' S. H�zard Inwrance. Borro�tir slull koep the improvements now cxist�ng or liereafter erccted on the Property _
<br />`=_-_�s�%� insuced against loss by fire.hazards includod within tbe term"extended coverage",and such other t�azards as I.ender may
<br /> _ = require and in such arnounts and for sash periods as Lender may roquirc.
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