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20o,
<br />200004688
<br />LOAN #: 2989427
<br />Credit Limit set forth in the Note. This Deed of Trust shall secure the Note and any and all future advances made to us by you. At
<br />no time during the term of this Deed of Trust or any extension thereof shall the unpaid and outstanding secured principal future
<br />advances, not including sums advanced by Beneficiary to protect the security of this Deed of Trust, exceed the following amount:
<br />$20,025.00 . This provision shall not constitute an obligation upon or commitment of Beneficiary to make additional
<br />advances or loans to us.
<br />OWNERSHIP: We are the sole owner(s) of the Premises. We have the legal right to mortgage, grant and convey the Premises to
<br />the Trustee.
<br />BORROWER'S IMPORTANT OBLIGATIONS:
<br />(a) TAXES: We will pay all real estate taxes, assessments, water charges and sewer rents relating to the Premises when they
<br />become due. We will not claim any credit on, or make deduction from, the loan under the Note because we pay these taxes and
<br />charges. We will provide you with proof of payment upon request.
<br />(b) MAINTENANCE: We will maintain the building(s) on the Premises in good condition. We will not make major changes
<br />in the building(s) except for normal repairs. We will not tear down any of the building(s) on the Premises without first getting
<br />your consent. We will not use the Premises illegally. If this Deed of Trust is on a unit in a condominium or a planned unit
<br />development, we shall perform all of our obligations under the declaration or covenants creating or governing the condominium
<br />or planned unit development, the by -laws and regulations of the condominium or planned unit development and constituent
<br />documents.
<br />(c) INSURANCE: We will keep the building(s) on the Premises insured at all times against loss by fire, flood and any other
<br />hazards you may specify. We may choose the insurance company, but our choice is subject to your reasonable approval. The
<br />policies must be for at least the amounts and the time periods that you specify. We will deliver to you upon your request the
<br />policies or other proof of the insurance. The policies must name you as "mortgagee" and "loss- payee" so that you will receive
<br />payment on all insurance claims, to the extent of your interest under this Deed of Trust, before we do. The insurance policies must
<br />also provide that you be given not less than 10 days prior written notice of any cancellation or reduction in coverage, for any
<br />reason. Upon request, we shall deliver the policies, certificates or other evidence of insurance to you. In the event of loss or
<br />damage to the Premises, we will immediately notify you in writing and file a proof of loss with the insurer. You may file a proof
<br />of loss on our behalf if we fail or refuse to do so. You may also sign our name to any check, draft or other order for the payment
<br />of insurance proceeds in the event of loss or damage to the Premises. If you receive payment of a claim, you will have the right to
<br />choose to use the money either to repair the Premises or to reduce the amount owing on the Note.
<br />(d) CONDEMNATION: We assign to you the proceeds of any award or claim for damages, direct or consequential, in
<br />connection with any condemnation or other taking of the Premises, or part thereof, or for conveyance in lieu of condemnation, all
<br />of which shall be paid to you, subject to the terms of any Prior Deed of Trust.
<br />(e) SECURITY INTEREST: We will join with you in signing and filing documents and, at our expense, in doing whatever
<br />you believe is necessary to perfect and continue the perfection of your lien and security interest in the Premises. Trustee shall not
<br />be liable for any error of judgment or act done by Trustee, or be otherwise responsible or accountable under any circumstances
<br />whatsoever. This Deed of Trust will be effective as a financing statement filed as a fixture filing with respect to all fixtures
<br />included within the Premises and is to be filed for record in the real estate records of each county where any part of the Premises
<br />(including said fixtures) is situated. This Deed of Trust shall also be effective as a financing statement covering any other
<br />Premises and may be filed in any other appropriate filing or recording office. A carbon, photographic or other reproduction of this
<br />Deed of Trust or of any financing statement relating to this Deed of Trust shall be sufficient as a financing statement for any of
<br />the purposes referred to in this paragraph.
<br />(f) OUR AUTHORITY TO YOU: If we fail to perform our obligations under this Deed of Trust, you may, if you choose,
<br />perform our obligations and pay such costs and expenses. You will add the amounts you advance to the sums owing on the Note,
<br />on which you Will charge interest at the interest rate set forth in the Note. If, for example, we fail to honor our promises to
<br />maintain insurance in effect, or to pay filing fees, taxes or the costs necessary to keep the Premises in good condition and repair or
<br />to perform any of our other agreements with you, you may, if you choose, advance any sums to satisfy any of our agreements
<br />with you and charge us interest on such advances at the interest rate set forth in the Note. This Deed of Trust secures all such
<br />advances. Your payments on our behalf will not cure our failure to perform our promises in this Deed of Trust. Any replacement
<br />insurance that you obtain to cover loss or damages to the Premises may be limited to the amount owing on the Note plus the
<br />amount of any Prior Deeds of Trust.
<br />(g) PRIOR DEED OF TRUST: If the provisions of this paragraph are completed, this Deed of Trust is subject and
<br />subordinate to a prior deed of trust dated 0 5 / 31 / 2 0 0 0 and given by us for the benefit of
<br />COUNTRYWIDE HOME LOANS ,
<br />as beneficiary, in the original amount of $ 100 ,125.00 (the "Prior Deed of Trust "). We shall not increase, amend or
<br />modify the Prior Deed of Trust without your prior written consent and shall upon receipt of any written notice from the holder of
<br />the Prior Deed of Trust promptly deliver a copy of such notice to you. We shall pay and perform all of our obligations under the
<br />Prior Deed of Trust as and when required under the Prior Deed of Trust.
<br />(h) HAZARDOUS SUBSTANCES: We shall not cause or permit the presence, use, disposal, storage, or release of any
<br />Hazardous Substances on or in the Premises. We shall not do, nor allow anyone else to do, anything affecting the Premises that is
<br />in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the
<br />Premises of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses
<br />and to maintenance of the Premises. As used in this paragraph, "Hazardous Substances" are those substances defined as toxic or
<br />0 HELOC - NE Deed of Trust 66 06
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