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<br /> ='�^ ��' �` TOGETHER with all the improvements now or hereafter erected on the property,and all easements,rights,
<br />';:�` ' a�unen�nces and rena(subjcet however to the righ�s�u�d authoritie9 given herein w Lender to copect and apply such
<br /> n�;:z1i, rents),all of which shaU be deernocl w bc and remain a part of the proE,eny covered by this Deed of Trusr and aU of the
<br /> ''"'°� foregoing,together with said praperty(ar the leasehold estate if this Deed of Trust is on a leasehold)are hecein�fter
<br />.�� referred ta ss the'Prolrerty"; -
<br /> TO S&CURE to Lender the repaymont of the indebtedness evidenced by HorroWer's n4te daced
<br /> � AeCecr�er 18, 1998 aixl extrnsions uxi renewals thereof(herein"Nou"),u►the prinaipal sum af U.S.S
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<br /> ---:; 80,750.00 ,wid►interest tlx�oon�Pmviau�8 for monthly installnu�zts of principal and interest,wi e
<br /> balance of the indebteclness, if not saoner paid,due and payable on ���r 23, 2018 :�e[�Yment
<br /> ��"""'�� of aU other sums,with interest thereon,advaneed in accordance herewith to protect the security of ehis Deed of Trust;
<br /> _ ���' and the Exrforn�nce of[he r.ovenants and agreements of Borcawer herein c�ntained.
<br /> '�":''4::.� Borrower cov�nuits that Honower u lawfully seised of the estate hereby conveyed and has the rigl�t W grant
<br /> •-=''-'��� and convey the Property, and that the Property is unencwnxxred,except for encumbrances of record. Aorrower
<br /> :;:::�,�'� covenants that Boaower wananGC and will defend generally the title to the Property against all claims and demands,
<br /> v���[r.u��' subject to encumbrances of record.
<br /> --=-_:� UMFQRM COVENANTS.Bonower and Lender covenant and agree a.foliows:
<br />- ��°a 1. P�yweat o[Printipal and Inta�est. Borrower sUall prompdy pay when due the principal and int�nst
<br />_-_;y�_��•� indebtedness evidenced by the Nou and late chuges u provided in the Nate.
<br /> --:�:::,��a�ii Z. F�uadg for Tpxes aad Losurance. Subject to applicable Inw or a written waiver by I.ender,Borrower shall
<br />--_ — pay to I.ender on th�day montlily paym�ats of principal and interest ue payable under the Note,until the Note is paid
<br /> "?�;_�'� ui full,a sum(herein"Funds")equal t�or.e-[welfth af the yearly taxes and assessments(including condominium and
<br /> - planned unit development a.ss�ssments,if any)which may attain priocity over t�is Deed of Trust,�nd ground rents on
<br /> ,_��o�•� the Property, if any,plus one-twelhh of yearly premium instaliments for hazard insurancc,plus one-twelRh of yearty
<br /> �'""__° pranium installmesits for mortgage insuruxe,if any,aU as reasonably esrimated inivaUy and from time to rime by Lender
<br /> _-� on the basis of assessments and bills and reasonable esamates thereof. Horrower shaU not be obligated to malce such
<br /> ----.;�Y;�.��' payments of Fund.e w Le�Xier oo the exxat that Bonower mlkes such pannents to the holder of a prior mortgage or deed
<br /> w�� of aust if such holder is an institutional Lender.
<br /> - ___ If Borrower pays Funds to Lender,the Funds shall be held in an institution the deposits or accouuts of which
<br />-��,��� are insured or guaranxed by a Fedecal or state agency(includiag Lender if Lender is such an iastitution). Lrnder shall
<br /> appiy[ne Funds co pay aaid ivac�,a.,xssuicat�,ie�su.«r�e prn��rns:�d gr.�s:n�:e�s. Ixn�ez:rs�r.ot char;e for so
<br /> --_—_ holding a�id applying the Funds, analyzing said account or verifying and compiling said assessments aad biUs,unless
<br /> -° - I,rnder pays Borrower interest on the Funds and Applicable law pormils Lender to mAke such a charge. Borrower u�d
<br /> ,__�_� Lender may agree in writing at the time of execuqon of this Deed of Trust that interest on the Funds shall ba paid to
<br /> �--- Bonower,and unless such agrcement is made or applicable law requires such inurest to be paid,Lender shall not be
<br /> - required w pay 9onower any interest or eamings on the Funds. Lender shall give ro Bonower,without charge,an
<br /> annual accounting of the Funds showing crrdits and debits to the Funds and tl�e purpose for which each debit to the
<br /> Funds was made. The Funds are pledged as additional security for the sums secund by this Deed of Tnut.
<br /> _ If the amoont of the Funds held by I.ender,together witb the fuuue monthly instaUments of Funds payabk prior
<br /> ------ oo the due dates of taxes,assessments,insurance premiums and ground rents,shall exceed the amount requind to pty
<br /> said taxes, assessments,insurance pcemiums and ground rents as they fall due. such excess sh�ll be,at Bocrower's
<br /> option,either prompdy repaid to Borcower or credited to Borrower on monthly iastAUments of Funds. If tLe unount
<br /> of the Funds held by Lender shall not be sufficient to p�y tues,ossessmeats. insuru►ce premiums and grouad rents As
<br /> they fall due, Borrower shall pay to Lender any amount necessary to make up the de6ciency in one or more p�ymencs
<br /> _ as Lender may require.
<br /> - - - Upon payment in full of all sums secured by this Deed of Tnut,I.ender sh�ll prompdy refund to Borrower any
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