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��,.,., $s_������F (Psge 2 of 5)
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<br /> "i'O��E'r��E.R s��itr: ail th� 'sm�:nvernents r�ahr c�r h�reatter erectr.�! ,,r *;�c C�P��S, and aI1 ea.�.emcnts, righ*.s,
<br /> appurtr.nan�:es �r�ci ren[s {sttbjxt haw'ever 4� the right; aY�d authc�rixi� gi1��•� �;crein t� [.ender to colicct and apply avch
<br /> rer�ts}, a4i af �vhich s��!' ]x:d�rY�� tn be a►id remsi►1 a Fwrt �f t.he proper:y w��tr�d la} th'ss I?eed of Tcu�t; and a11 �t 4he
<br /> 4�regc�:n�, ta�ether w�:r;, said pm±�erty �ar the 1ca�ehold cs2ate if this Ih�ec9 of Trusi is an a 1�easehold) arc hes�inaft�r
<br /> refe:r�d to a:� thc "Property."
<br /> Fiarrowe�r cav-�n�nr� that �n;ro�ver is iar�fully seised oE th�"�c,tste heret�yR cr�sti'cyed a�nd has fih� right zp gta�tt sttd �vnvey �
<br /> the prr���':y, �nci that ihe Yrag�erty is unencurnbt:t�d �.gc�pt for encutnhrances �f :ecord. I3arro�a�er ccavenarits that
<br /> �3c�rrow•er warra:�s.� and will deCerid gcn:�-ally the ti:lc to the Pmp.r.;t;' against s11 c"sires� and demands, subject to
<br /> encurnbtarices o¢ rccord.
<br /> ll?�I(�C7Ft'�i i:.01��L:h'Aiv'TS. I3orrc��ver an�I.ender coe•enant anci a�ree a. fnllnws_
<br /> t. Peymea�t of I'rinci�sal Rnd Interes�. $c�rra�er shsfl pmmptEy pay, whcn d�c the �rinci�aat �nd intcr�t
<br /> ir.debtedn�...°�.. cvidcnced b�* ihe Note, including aray variatir::-s r�sultir�g fram chxnges in tha contr�ct ratc, u�d other
<br /> char�� as pro•��id�i in e.he ti'ote.
<br /> �. ��rnds tc�* Tt�:tes aczd I�svr�nce. `;�ul�jact r.a applicafsl� lsw or written waiver by I..cnd�r, Ba.�:`rowcr shall �v ta
<br /> ;.,encSer c�n the day mr,txth;�• pa�menis ca! principal and intrresg are payables under the Note, ut�tsl t�e�ote�is paid in tnlf,
<br /> a surn {hetein "Funds") equal tn one't��acifih o� i,hc ye�rly taxe� and �.�;tssments (irlcluding condorran�u�Yt and �lanned
<br /> urrit de�,�elapmer,t a,�srssmerts, if any�) �hicii re,a} sttain pciurity ovcr thi� T� of Trt�st, atad ground rer�ts on t�e
<br /> a'r'!)!'�CrL}'� if an�, �lus one-twclfzh c,i" tk:e y�earl} �7C`CT1[17111 t115:�IIfl1Ci1LS IOr ti87.�lfa 1iLSU1'ilI1CC, p;u� c�ne-twelfth af yearly �
<br /> premi .Tn in�taliment� far mar�gage iti.st��ancc, if anv, ail �.s rea:onably �stirnt�ted init'salty and from time to cime by
<br /> I.ender c�, thc t�asis ni sss�menCs and bills �nd. r�a�nabCe �timat� therrof, Iic�rrowcr shali not be obligatec! to ma�e
<br /> su�h pay�ments of I"und.� to l.et7der to the ex�tent th�t Borc�wcc makes such payrtetats to the halder af g prior mart�age
<br /> or dchxi �f t.ru:�t it ;uch holder i�a�7 instit�ti�r�a1 iendwt.
<br /> If ?3orro�•er pa}�s �uc�ds to I..�.rtder, tt�e Funcls shait be: held in an 1fl5t�tU!!OCt �}1C GZC�St�5 C!f 9CCOUnLs pf v�hich are
<br /> insu;cd ar �uarar:t��d i�y a T�ed�ral �ar statP agern�}� (including Lender if i.ende- is such an institutiar:). Lahder stiall apply
<br /> thc F�;�nds ��7 (�3y' :�.'iSC� ZBR�S, n.SSC,S$TTiC'L1LS, ;�urs�r,ce premi,ums and �raund r�en+�. L.ender may not charge for s�� hoiding
<br /> anc� �ap�l}�i��;� tt}e Fur.ds, arr�l���in��id ac��ili�t or verifying and compeling sajd �essmen•s end bills, unless t_ender �x+ys
<br /> I3c.7reaw�r i�:;e.r�t o*; the Fvnds and spplicab9e law permits C,cndet tp rt�ake such a charge, Borroner ��nd l.e�tde� may
<br /> a.�c�:� in wr�ting �.t th�. timc nf e:cex�tian af thi, I'�e�ci vf 'Trust th.at i;nterest an the Punds shalf be paid tu I3orrawer, and
<br /> unlr�s su�h a�r�•r�z�7: is mad�w nr applicabic l;�w requires such interest to be paid, L.ender shs�� s�ot bc required to pay
<br /> �3arro��.�er an3• ir��erest ar earnings on the ��un�s.. I.endc; shall gi��e t�� k3otrower, witttout chargc, an Rnnual accounting of
<br /> tiit Funds shc���in� crerlits �nd �'ebit�� to thc T�und.5 and the pvrpase fa* which each debit to the Funds �'as rnacle. 'I�he
<br /> Fur,ds arc�ple�grx3 as addit;:�na:l securitl far the stims:�cured h5• thi;s TJeed of Trust.
<br /> If thA arr►ou��t af th� �Fcsnd.s held by i,ender, tagether �ith the futUt�e m�ntl�ly installmens nf Funcis p�►yable prior to
<br /> thc due riates of tffixe:;, assessmGnts, insvrance premiu�ms and graun+� retits,;�hall exceed the am�unt required to pay s�id
<br /> :a�rs, ass�r,.ssrnenLs, insurance premiums azd grounci ±•en�,s as they iall dut, such �sc� sha{1 bc, at Barroaer', aption,
<br /> cither prarnptly rcpaid to Borrcawer or cr�lited.i� �orrower on nzonthly installments of Funds. !f the am�unt of thc
<br /> T°usids held by i,cndes-sha11 not ac. sufficient to psy taxes, assc.,�smtnCs, in.suranCC prcmiurrts and grcaund rents as they fali
<br /> duc, �3orrc�r�er shall �ay to T.ender any amaunt raccessary to m,akt up th�dcficiez�cy in nne or more payments as l.endcr
<br /> map rc•yuire.
<br /> Upnn �ayment in full of all sums srcurcd by this I�eed at Z'rust, I,�nder s►�all �romptly rr�fund to F3arro�ver any funds
<br /> hcid b}� i.ender. If i�nder parags'aph :T hereof the I'ropert.y is sc�ld vr thc �'rQperty is at}ierwisc acquired �y Lender,
<br /> Lender sFiail ap��ly, r.o lat�; th�n ir,imediately p-:car �e the sali pC the �ropert}- or iis acqui�itiori by Lcnder, any kunds
<br /> hel� by Lcr�der �3t ti�e time of 4pplicatior, as a credit against tt�e�um��cur�d by t�.:s De.ed of Trust.
<br /> 3. .�.pp�tirs�ti�,�n of �'a�•mcnts. LTnle�; a�.plicabic la�- provides othercwis�, alt payments tex:eiv�d by I,e:�der und�r the
<br /> Note ard paragr�phs 1 and 2 hercaf shal] be �pplied by I�nder first in payment of arnv�mts payable to i_.ender by
<br /> f3arraw�r unde+� paragraph 2 herepf, :hen to intee�est pay�bie on th� Note at the applic�ble cdntract raxe, and then to thc
<br /> pri�ci��a! af the"�otc.
<br /> �. Fric�r �Xa�rtgages �nc� L�eds at Tr�st; Charges; I,iens. I3orrcwcr shall perform �11 of Ilorrawnr'� ohligations
<br /> under any mc�r�:gage, decd of trust or ochcr scr.t9rity agrrx.ment with x lien which ha.g priority avcr thiti I� �[ i rt�,5t,
<br /> ii�c�uding L'orro��er's covc�nartts ta make pn�'rnent,5 whcn due. Rorrc�wcc shail pay nr ca�.�sc to be �id RlE taxes,
<br /> a�se.ssments and nther charg�, fines and impositions attrebutable to �he Property whic(� may .�ttain a priorii}� over this
<br /> Decd o{'rr.�st, and l�asehold payments oc ground rents, if an��.
<br /> 5. Hazard Insurance. Borroaer shali keep the improvemettts now existing ar hereaftcr erectecl on the Prop�rtp
<br /> insured aaainst l�� by fi:r, hnzards incfuded within th� tcrm "extendecl cn�-era�e," snd such other haxards as I,ender
<br /> may req4irc and in such arnaunts and far such Fseriod�as L.ender n�ay requirr..
<br /> The :nsurEnce carrier pr�vidin� the insuranca shall be choscn by the 8orrowe�r suMject tn approval by t.,endcr;
<br /> pro�idrd, that s+�ch approval sha[1 not be unreas�na6(y withheld. A1[ insumnce poiicic,s and renenals thercof shgll he in a
<br /> farm :actxptsble to i_endor r�nd �hal1 inclu.:e a standard mort�agc cleusc in fsvnr of and in A [arrn �cce�tablc to l,end�r.
<br /> Z.en�er s�i�11 have the right to hold the pc�licies and renewais thereof, suhject to the terr.ts of nny nnortgage, dcod p[ trust
<br /> ar othr.r security »�reernent �stt� a li�n �hich has priority over this 1?ecd nf"Tr�►st.
<br /> (n the event oC la�s, Hcrrro,�•er shall give prosnpt notice to the in.sur�nce carriet ar�d X,endrr. Ixndcr may make �roaf
<br /> o� ln�s ii nr:�� mac�e Promptlq t�y I3orrawer.
<br /> ��n;��. t„c��c;and Bacrow::othetwrise agree in wri:in�,insurancc prc�a,�dza shx(1 t�a�plird tc�cesiotation or repair ai
<br /> zhe Propertl damagcd, if thn: rc^�toration or rc:pair is econarnically feasii�la and l�cnder's :„ec��arit}• is not I��;rncd. If the
<br /> re.sYOr;�Yion ot repair ;�: na± �oncrmicaEly fcasiblc c�r 1,endGr's se�urity- would bc lc�sened, thc� ins�,�rance p"D(;CCdS SI13II I7P.
<br /> �p,r.l'acd to thp r.,;,;,y scxured by t1+.is Security Cnstrumcnt, whcther or not thcrt due, with any eace�s paid ko �rmwer, lt
<br /> Borro�w•er ah�r.dnns the P��er2y, or dPaes nat an,�vcr within 3Q days u nc�tice Ermm Z.�nd�r that thr insaranc� car;icr has
<br /> nffere:3 tca settje � �laim, th�n f.�t�der rnay ca(Iect th;: insurance pmceeds, I.ender may use thc �n�ce�ds ta re;pa.�r or
<br /> ; se�+.r��� th� Prc,Fx.rt}• ur tU pa}-surns securcd by this 5a;urity Ic�.:,trtament, whcth�r�ar not than d�e, T1t:�3U'day periotl ���i11
<br /> hegin «�hen thp ritaticc is givcn.
<br /> (f tt�� }�rQperay is abandoncd by &yrrower, nr if Bnrrnwer fails to r�pond tn l..cnder with+n. 3p dr�ys from thc date
<br /> nati�� is meilcd by� [,endcr tn �rrowar tl�at thc insuranc:c ca�ricr c►fiers ta qcttlo ;�cleim tar inr.��rarice benc�ts, I,esider
<br /> is authprized t� coll�t astd appiy thc insurancc proc�ds at Lcn�er's vgtian a,ither to restr�r�!ion or rc�,nir of thc
<br /> i'roperty ar tu thc sums sec�;ed by this Decd pf Tc�c�:.
<br /> . 06-3o•9A Daed er 7rvse�l�. �R�GINAl. � , ,������� ����������p�� HE011T82S
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