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TOGETHER with all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances and rents (subject however to the rights and authorities given
<br />herein to Lender to collect and apply such rents), all of which shall be deemed to be and remain a
<br />part of the property covered by this Deed of Trust; and all of the foregoing, together with said
<br />property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter referred to
<br />as the "Property "
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note
<br />dated 12/9/2015 and extensions and renewals thereof (herein "Note "), in the principal
<br />sum of U.S. 10,159.00 , with interest thereon, providing for monthly installments of
<br />principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable
<br />on 12120/2021 ; the payment of all other sums, with interest thereon, advanced in
<br />accordance herewith to protect the security of this Deed of Trust; and the performance of the
<br />covenants and agreements of Borrower herein contained.
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has
<br />the right to grant and convey the Property, and that the Property is unencumbered, except for
<br />encumbrances of record. Borrower covenants that Borrower warrants and will defend generally
<br />the title to the Property against all claims and demands, subject to encumbrances of record.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal
<br />and interest indebtedness evidenced by the Note and late charges as provided in the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender,
<br />Borrower shall pay to Lender on the day monthly payments of principal and interest are payable
<br />under the Note, until the Note is paid in full, a sum (herein "Funds ") equal to one - twelfth of the
<br />yearly taxes and assessments (including condominium and planned unit development
<br />assessments, if any) which may attain priority over this Deed of Trust, and ground rents on the
<br />Property, if any, plus one - twelfth of yearly premium installments for hazard insurance, plus
<br />one - twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably
<br />estimated initially and from time to time by Lender on the basis of assessments and bills and
<br />reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds to
<br />Lender to the extent that Borrower makes such payments to the holder of a prior mortgage or
<br />deed of trust 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
<br />accounts of which are insured or guaranteed by a Federal or state agency (including Lender if
<br />Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the
<br />Funds, analyzing said account or verifying and compiling said assessments and bills, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a
<br />charge. Borrower and Lender may agree in writing at the time of execution of this Deed of Trust
<br />that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
<br />applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any
<br />interest or earnings on the Funds. Lender shall give to Borrower, without charge, an annual
<br />accounting of the Funds showing credits and debits to the Funds and the purpose for which each
<br />debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of
<br />Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground
<br />rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums and
<br />ground rents as they fall due, such excess shall be, at Borrower's option, either promptly repaid
<br />to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground
<br />rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the
<br />deficiency in one or more payments as Lender may require.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund
<br />to Borrower any Funds held by Lender. If under paragraph 17 hereof the Property is sold or the
<br />Property is otherwise acquired by Lender, Lender shall apply, no later than immediately prior to
<br />the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Deed of Trust.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received
<br />by Lender under the Note and paragraphs 1 and 2 hereof shall be applied by Lender first in
<br />payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br />payable on the Note, and then to the principal of the Note.
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