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<br /> r UNIFpRM COYENANTS.Barow�r and Lender covenAnt�nd apre�es tollows:
<br /> � 1• ��yn�M el lMM�oq1M �d MNnM. Bor�ower �II promWtly pay when dus the pnnclpal of and intere�l o� th6
<br /> ��dwMdit�sr�vidMC�d by 1M No1�,pnW 1�nd I�,M char�a as provWed in the Mote,and the princlp�l of and in�t on
<br /> . anY Futur�Actw�cM Mcund by fM��ust.
<br /> 2. fwMN M�Ta*M awd M�wM�o�,Sub�t fo applicabb law or lo a writfsn waivM by L�sdsr,eonowe►.r►.0�y ro�.�a.r
<br /> on 1ft��fay mo�lhly infl�Nm�nit ctp�ncIp�)a�d inlKat�r�p�ysbte unda�tAs NaN until tM Npb is p�id in lull�wm(Mr�in
<br /> ..Funcb")�qw�la on�-twN11h of fh�yMrly tu�s a�d ss�a�rtNnb wMcA may aff�in pHoriry over this tJ�d of Tnr�t and
<br /> yround r�nb p�tAS Prop�rty,if any,plus on�-tweltM ol�rty premlum in�tallm�nb ior hu��d Inw►ancs,plus on�-twMMA of
<br /> L��1M OMSi�M ��tb a►dbNls irtd niaonibli 1islin�Ns�f.�sNmaMd initialy and kom tirt�e b tinN by
<br /> Th�Fu�ds�11 p�hNd in�instNuqon f!�dsposib a�cco�nb o/which ah inwr�d or pwanle�d,by�F�al a aat�
<br /> w�cy(Mcludlnp Londs�it Le�der i�auch an insNtutian). Under shall apply tM funtfs top�r aa ax.s,assM�m�nb,
<br /> i�wnnc�pnmiums and�round renla.L�nde►m�y no1 char�fo��ohofdl �nd�pplyin�Ihe Funds,anaryiziny s�id�ccount
<br /> o►vKifyinp and compiNnp sald��m�nb�nd blli�,unlps Lender paYs�rowK inl�nst on tM Funds�ndapp1Icabi�law
<br /> p�rmib L�ndM b mNc�wch a cMtp�.Barorwr and l�nd�r rrMy e��e m writin�at th�tirt�of ex�cuUon of Mh I��d W Tnist
<br /> !hd i��st on tlw Funda�haN b�p�id fo Borrow�r,��d unlas suct►n9rwrn�nt Is m�a�oolicalb�law r�quEns wch
<br /> � i�Mrpl to b�p�t�.L��ehdl npt Os�pulrsd M pay 6onowK any inlwqt a Mmin�s on fhe Funda.L�nd�r shall plw!o
<br /> BarowK.witf�out char���n annual sccou�tin�of ths Funaa show�credih and Mbits to th�Funds and th�pu rpos�ior
<br /> T�Mch d�bi!to Ih�Funds was mads.Ths Fundsare pledp�rd es�dQCt�onal securiy for the sums s�cun0 by this ONd of
<br /> . fl th��mount of tM fundt hNd by l�nd�r,tc�ether with the tutuve m+Qa4lely�nstaltmenb ot f unds payaW�prior to dt�dw '
<br /> ciata of hxos,a�s�s�b,inwn�ce preaniuma and �►ound rents,�:4 excs�d the amount rsquind to p�y sald f�cN,
<br /> as�ssrt�rb.inwranc�p��miums�nd proun�renb as they tall dua,sucA excass shall bs, at 8arower's op�ion,N1hK
<br /> p�qnplfy��paW to 8orrower or credlted fo 6onower on nsanthty�nstaHmrnts of Funds.N Me emou�t ot ths Funds Mddby
<br /> L��x3�rshallnotbsauMiCienttopayfaxes.assessment�,�nsurencepremiumsa�d�roundrenb�stMy(aildue.BpROwNSleafl
<br /> parlo L�ndK any amount necyeury to make up the defictancy with�n 30 ddy�from the dYte�otice is mailed by La�b
<br /> Borrow�r rpuann�payment thsreo�.
<br /> Upon paymMl►n tull ot aIl wms s�cured D�this De�d af Trust,Lend�.�:'WIII prompt�y relund to BorrowK�ny Fund�MW by
<br /> LenQ�r.H under�uaQnph 18 h�no1 the Prope�ty��sold or the P.op��ty�Rs oMerwtse aequired by Lertder,Lende►sMll apply.
<br /> na I�lM M��irt�rn ,�i�ttly prioo to the sale of the Property or IM�cq��a�t�on by Lenaer,and Funda held Oy Lendlr�1 tM tim�of
<br /> epp�ica0on ss a Credit aqain�t the sums aecu�ed by this Oeed o1 Trust .
<br /> 3. App�ealio�n W�a�n�nb.Unless�ppticab�e lew,prc.�y�des otherw�se.en paymants rece�ved by Lender�srtl�M ths NoM
<br /> and para�►�pha t e�nd 2 hereof shall be appl�ed by lenocc t�:rst,n p;iyrnent of smounts payable to l.ender by 8qtrower unde�
<br /> pare�nph 2 henof;then to�ntereat payabla on the Note,tnen to tne�;����pa�of the Note,end then to inte�est��d principal on
<br /> w�y Future Advancss.
<br /> �. Char�;Li�.8�+rrowers sh�u pay au ta�xes,essesse�+ecars an�omer cnarpes,imes and impers,AOnsatk�dutabl�b ths
<br /> Props�y whlch may att�m�pre�erity aver Zh�s Oeed of Trust 2nd leasettold peymenq pr pround rents,d anY.rn the manner
<br /> p�ovW�d unds►�a�sQ►aph 2 he��eofi or,i1 not pa�d in auCh mt�nner,bv Barrower mak►nn n�Vmeni wt�en eu..�rweffv�n u�w
<br /> ins�t.�o�r�ats�il p►Ompll}►utAtln tb Lender st�not;6!!!►0!Amn�n1S dUe tlR�►tl11��IQqfd�fl,snd�n tl�i�ant
<br /> rrowst shall maks payment direct�y. 8orrower shall promptly furnlsh to Lender rece�pb evid�ne�n� such paym�nb.
<br /> Borrow�sh+�ll promptly dische�Qe any►ie�whlc�has pribny over this Desd ot Tru�f,prov�8ed.q�t Bor�owsr shall not b� �
<br /> �squiredto dischar�any svch��en sa iongas 8orrow�shall e9ree m writinp to the paymentottheobt,g�tian s�cund by such ! _
<br /> �ien i�a manner acceps�ble to Lender,or sMll ln pood fsith c�ntest such tien by,or defsnd ento�Cem�nt of suCA Gien m,(p�l
<br /> pracadinqs wfUCh�perata fo p�event the entacement o1 the lien or forfeiture ot the Properry or any paA tt�enaf.
<br /> S.. Natard InKx�q.Borrower shall kee�the�mp�ovements now existmp or herea?t�►enct�d on tl►�p�ppsAy lnwnd -
<br /> �lnst toas by fire,ha=s�ds included wim�n the term"extended covers�e and sucn other hazards as LendM may rsqulre �-
<br /> anE in wch amourrb anQ for such per�ods es Lende�may reqwre,prav+ded,thet Lends+shall no1 reQuiro that ths amount at �
<br /> such covKpe exceed tAat amount at cove►pe requ�red to pay me sums secureA Dy m�s�d or Trust
<br /> Thi�inaurancs cerrle�prov�d�ng the�nsunnce shall be chosen by Borrawer suC�ect to approval by LMd��.p�ov�dpd,that i
<br /> suCh apprOval shall no1 be unreasonebly w�ttlheld.All premium�on�r�surance poi�ae!shd11 be pa�d m the mar,n�r prpy{ded
<br /> u�dlK p�re�raph 2 hereot or,�f not pt�id in such mAnner,by Borrowe►mak�ng payment,when due,d�rec�y to Ms�nwrance
<br /> carri�r.
<br /> All insurence pot�cies and renewals theteot shell pe�n tarm BCCeplBble tts Lender enq sAall cnc�uds s standird
<br /> clause in 1AV4r atand in torm accaptable to lender Lender shali have the npht to hold the Qol�c�es ar.d renewabtMr ,anA
<br /> BOrrOwer Shall prOsr.pBy fumish to Le3nder all renewei not�Cesand ar�receipts o!p�W presmsums inthe eventof lo�s_8arowN ►
<br /> shall yivs prompt�ee to the i�suranCe Cerrier and Lender.Lende►mey make prool 01�ous�1 not made promptly py Bprrower
<br /> tlrtGy3�ender and S�rrower othaMnse ogree m wr4�ng,�nsurance R«ceedsshall De eppl�ed to resibntion or repair of the
<br /> , Prqperry damaQecf,provided such restpret�on or rsp�ir is eCOnOmicaliy feasibte�ntl Me secu��ty o1 Mls DNd of Tru�t�s not
<br /> th�rMt�r�mpsired.N such restoration or repe�r is not econom�cat�y feASible or d ihe secunty ot Mis Dead of Trusf would be
<br /> iresp�ired,Me insurance proceeds shalt be appl�ed to the sums secu�ed by thi��Q p1 TtuSt,w�th the excess.�t any,pafd to �
<br /> Borrowsf.N ths Pro�ert�r�a eben0oned D 8orrtrrver,or if 8prrower ta,+s to responcf to LBnder within 30 days frOm fh�dutp
<br /> �otiC!i'maited fnr Lender to Borrower t�iat tha�nsurance carr�e�uiters tp settle e c�a�m tor ensurance benehb. Lender��
<br /> aulhorrlsd to collec!and appty the msu�ance proceeds a'l.ende:ti upuon e�»ier to re�cvrat�on or�epa�r af the Prope�ty pr to
<br /> the�ums secured by this Deed ot Tru�t
<br /> Uni��lsnder and 8orrower otharw�se asre��n wnting,any suc t�app►�cat+nn ot p�oceedy to p��nc�pat shs�1 not extsnd or
<br /> postpone the due�ate of the monthty�nstallments reterred to m paraqraphs t aRd 2 t�ereot 6r Chsnpe Me amounl of such
<br /> in�yllments H under pare�raph 19 herec�f tho Ptoy�erty is ecawred by lendEr,eIl r+ght titie and�nte•est ot eprrower in and to
<br /> enyinsurencepdiciesan inandtotheprocxd�thareofresuinngtromdemagerotiieProperrypno�tott►es�leor,e� u�a+tron
<br /> sha11 paas to Lendar ta the e�!ten!ot me sur�as�-uco9�y ih�s Q�ot 7rust+nmed�ate�y pr�or to s�cPi sab or�cr�u aition.
<br /> A. PrMKVation and ii�aMMnanc�01 PropNty;L��AoW�:Co�danlMun�:Piann«!Unit Borrower shaU
<br /> keap the ProP��iy in good repair and shaU not comrrut wa�te or permit impaurr�eni o1 c[i�ter�ore;�vr�o the:rv�iariy anti shail
<br /> comply w�th tt19�rOvis�On3 Of any IedyC d thi9 d6ed Of YruSt��On a iea3ehOld if th�s Eh3ed ot Y►u�t�S O�8 utlit m A COndOmmium
<br /> ' or a plartned umt Oevelapmenl, Borrower shall perform all ot Barro�re�'s�bi�qat+ons under the decterat�on or Covenants
<br /> cre�tiny or Qove►ning the condominlum o�planned umt developmenL the D,r•Ibw�8nd ragulet�on�ot 1l�e CondOmin�um ot
<br /> planned unif development,and c+onst�tuent doCUmBnls it a conDomimum�r planned umt dovetopment nde��s excuted by
<br /> Bnrrower and�ecor�ed topether w�M this Deed ot Truet.the covenants nnd apregmEntS Of SuCR nder shall be�nCO�pOrBted
<br />� mto and shall amend and supptement the covenants and egree�ments o!tn�s peed of Trust es�f the+�der were e pari herrot
<br /> 7• PtoMCNon o1 Llndl�'�S�CwH�I.II Bcn►ower tails to peAorm the covenants and agreements contamed m tRis deed of
<br /> trust,or it any action or proceedirtg is commenced with matenaily alfects Lender's mterest m ihe Property.�ncluding Dut not
<br /> Iimited to,em�nentdomaln,insolve�cy,tbdeenforcement,orerrangementsor proceed�ngs mvo!wnp a bankruptor deCedent
<br /> then Lender at Lender's optdon,upon notice to Bor�ower,may make such appearances.d�sburse sucn sums ena take such '"' "'- --
<br /> action as I9 necessary to p�oteCt Lender's�rtterest includ��tg,butnoi hm�ted ta.d�sbu rsement ot reasonab�e atto+ney's fees end
<br /> entry upon the Property to mak4 repa�r9 If Lender requ3redmorignge insurance as a cond�t�on of mak�ng the I�an secured by
<br /> the Deed of Trust,8otrower sha11 pay the prem�ums recawred to ma�ntain s�ch �nsuranCO m eft�t untd GuCh time as the
<br /> requirementtor such insurence tprminetes m accordance�v�th Eiorrower's and l.en�ei 5 wr�tten agreement or applicalbe iaw.
<br /> Borrower shall pay the emount d!ell rnoRyage insurence permiums�n the manner prav�ded under parogra�h 2 hereot
<br /> Any amounts �isbursed by lenCer pursuant to this parayreph 7, with mter9st tnereon, shall become aCd�tFona�
<br /> indebtednes�ot Rorrower secu�ed by th�s Oeed of Trus�Unless Bor�ower an�LQnder agree to o2her te�ms ot payment,sur,h .�
<br /> amounts shali be peyable upon notice Irom Lender to Bo�rower repuest�ng payment hereol.�nd snalt bear mterest from the �f
<br /> L dsteofdisburstsmentatlheretBpayab�elromtimetotimeonoutstar.ding pnnC+pa�undertheNoteuniesSpaymentotinterest �
<br /> et such rete would be contrary to applicebie Iaw, m wh�ch over�t such amounts shai! bear �nterest at the h�ghest rate
<br /> p�rmissib(e under appl�cable Isw.Nothmg contimad�n th�s paragraph 7 shait roqwre Len9er to�ncur any Qxpense or take any ��
<br /> act�on heraundei. .�_,
<br /> �F
<br /> •. Intplttion.Lender may mgkv or caus�:to be made reasonabic�enines up������td���specbo+s�'tne Property prov�ded
<br /> th�f leRdei5h81t gwo 8orrowOt nohCe prior to any such�rspecbon spec�fymg►ease:�aL.e�<ffi�SP thL�f�fpr(�re;ated t��ender's �'�
<br /> mteres!�n the Proper4y ,
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