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<br />89--o 10344
<br />UN1FMtM COVENANTS. Borrower and Lender covenant and agree as kNlows:
<br />1. ?aymem at Prial*w and fildweat. Borrower shall promptly pay when dull the prirc
<br />I interest on the
<br />indebtedness evidenced by the Note. prepayment and fate charges as provided In the 4ge, and th
<br />any Future Advances secured by thiDaiedof Trust.
<br />of and inlerast on
<br />Z. Fwris feim Tatree alrtd Irl is p1l; t to applicable low or to a written waiver' by Leer 1
<br />on the day monthly insiellmsrtls d peiti 4W and inNrNt IKe Mebte under"iWote. until ft
<br />teilf pay b Lender
<br />use. a sum (herein
<br />'.Funds") equal to one -twoft of the yearly taxes and assessments which may attain. polonly'r-t
<br />rid of Trust, and
<br />ground fore on the Property, if any, plus one- twelyd d rtypremiuminstallni,arttalarh lid ?tt
<br />111 one•tweMlto1
<br />time b time by
<br />yyea�rly premium installments for mortgage insurance. if any, all as ressonnbiy esNmaMd iitlltal
<br />L rerrtder an the basis of assessments and bills and reasonable esOmaws Otonsd:
<br />n
<br />The Funds shall be hold in an institution the depoelta or accounts of which asst lewwed or guar
<br />k Federal or stale
<br />including Lender H Lender is such an instltutronj. Lender shall apply tits funds bpm
<br />epremiumaartdgroundrents .t.eneNrmaynotchargefrfrsoholdi andappiyingtheFu
<br />M
<br />is. assessments.
<br />�ingsawleccount
<br />law
<br />ftg and compiling said assessments and hilts, unless Lender pays on ower inlsfaaf on
<br />ertcfer to make such a Charge. Borrower and Leatder may agree in >�at V* ignite of w
<br />Id ipplieable
<br />!Ns Deod of Trent
<br />rest on ttte Funds shall too paid b Borrower, and urtlese such sg t is made or al
<br />the
<br />MOMESsodditionalsocuritVWtholm
<br />Iw requires such
<br />4W shall to
<br />bepaid, Lelrtdef shall not be required b pay Borrower any interest or oism ri�gss on
<br />r, witlrout charge. an annual accounting of the Funds showing credits and �M><ts b the
<br />give
<br />i the purpose for
<br />Ch debit to Ole Funds was made. The Funds are pledged as additional urcurit)f tctr tho at
<br />id by Otis Dead of
<br />Trust iff the amount of the funds hold by Len der, together with the fit tu(e monthly installmeints of Fur
<br />s prior 1plt a due
<br />dais of taxes, assessmonra+.. insurance premiums and ground feints, shah exceed the sme>tntt
<br />) pay saidl VUHM
<br />assessments, insurance premiums and round rents as they fall due, such excess shall be. i
<br />pprr nnppeeb to Borrawarr or credited to Borrower on monthly installments of Funds. If the a
<br />is option, eitltef
<br />is Funds hold by
<br />LerrtdirshallnotbesufCciwntto pay taxes, assessments, insurance premiums and ground rentsels
<br />e. Borrowershafl
<br />Leftdor b
<br />CV b Lertderr any amourst necessary to make up the deficiency within 30 days from the dots n
<br />thereof.
<br />filed by
<br />Borrower eyuestrng payment
<br />Upon payment in full of alt sums secured by this Deed of Trust Lender shall promptly reforndto
<br />ny Funds hold by
<br />Lender. If under paragraphs 18 hereof the Property is sold or the Property is otherwise acquired by
<br />order shall apply
<br />dear
<br />no later than immediately prior to the sale of the Prop" or its acquisition by Lender. and funds
<br />application as a credit against the sums secured by this Deed of Trust
<br />atthetlfneM
<br />S. Appkatlen 4b" WINN Unless applicable law provides otherwise. all payments receive
<br />1 2 be by Lender first in of amounts payable tr
<br />rr under the Note
<br />r Borrower under
<br />and parowsoft and eh rsof shall applied payment
<br />Ipaapum "goof. then to Interest payable on the Note, then to the principal of the Note. and the
<br />Future Advances.
<br />1 and principal on
<br />allV
<br />4. l.Ileas. Borcowsrs shall pa au taxes assessments and other charges, tines and Ir
<br />Property which may attayn a -priority over this Deeds of Trust. and leasehold payments or grounc
<br />attributable tothe
<br />iy. in the manner
<br />nrnyklwi t. rsiiimmmda 21, hm or d not nand in such manner. by Brrrower making navme
<br />A. directly b the
<br />, .
<br />pays Oiereot. i3orrewei s' isli promptly furnish to Lender all notices of amounts due un WINs
<br />furnish Lender
<br />and in this event
<br />Borrower Matt make payment directly. Borrower shall promptly to receipts i
<br />Borrower discharge any hen which has over this Deed of Trust: providec
<br />such payments.
<br />ewer shall not be
<br />shall Fwompdy priority
<br />r q� �d b _ anvr such Tien so long as Borrower shall agree in writirm to the rzavment of tlu
<br />secured by such
<br />tier in • manner accepli" to Lander, or shall in good faith contest such Imin by, or defend onfor
<br />such lien in, legal
<br />proceedings which operafla M prevent the enforcement of the lien or forfeiture of the Property (
<br />thereof.
<br />S. Hurd fair manow. Borrower shall keep the improvements now existing or hereafter erec
<br />Property irmned
<br />included within e term "extended coverage ", end such other ha:
<br />against local ty fire. hazards th
<br />rider may dire
<br />and in such•ai naunts and for such periods as Lender may require. provided, that lender shall ni
<br />to the secured by this Dew
<br />tat the simrAintot
<br />such coverags+taceediti amount of covens" required pay sums
<br />This insurar, c,ecanirrr. providing the insurance shall be chosen by Borrower subject to appro
<br />All shall be
<br />ler: provided, that
<br />manner
<br />such approval shall not.be unreasonably withhold. premiums on insurance policies I
<br />9under paragraph 2 heredf ar, if not paid in such manner, by Borrower making payment. when d
<br />provided
<br />to the insurance
<br />frier. . .
<br />All insurance policies and renewals therwN shall be in form acceptable to Lender and stli ii
<br />anderd morfaso
<br />clause in favor of and inform accopitatobto lender. Lender shalt lukleW thee rightto held the policie
<br />walsthiersoCefid
<br />Borrower shall promptly famish to Lerder all renewal notic*s&nd-4Wr*csi4ftOIAid premiums.I
<br />of loss. Borrower
<br />shall give prompt notice to the insurwee- carrier and lender. Lendw may fnairo pvof of loss if not
<br />Unless Londe( and & rmwerotherw-, seagreeinwriting, insuranceproce rd#anallbeapplierd,
<br />ptty by Borrower.
<br />morrapairofthe
<br />Property damaged. providdad such restoration or repair is econorrtoWly le"bW and the atecurh
<br />od of Trustis not
<br />thereby impaired. It sueft restoration or repair is not economic IV.— ftasible or if the sac w.'J'J eof 1
<br />rf Trust wi rx*! be
<br />impaired, the insuranre.proceeds shall be applied to the sums se:�;Yed by this Deed of Trust w
<br />Borrower. If thwApt # i5 abandoned by Borrower, or it Borrower fails to respond to Lendef i
<br />insurance to nie a for in
<br />Ho. it any. paid to
<br />th
<br />lys from e date
<br />lttefits, Lender is
<br />notice is marled b-f�dev to Borrower that the carrier offers se claim
<br />authorized to collect and' apply the insurance proceeds at lender's option either to restoration c
<br />the sums secured by this Eteed of Trust.
<br />he Property or to
<br />Unless Lender and Borrower ot herwrsesgreein writing, any such applicatico'©fprocee4sto
<br />hallnotexfondor
<br />postpone the due date d tea monthly installments reNerred to in paragraphs 1 and 2 ttlrerd•oa
<br />ftereof Property is by Lender, all right tilte:a.+nd'li
<br />r amount of such
<br />orrower in and b
<br />installments. If under pa neigh le the acquired
<br />any insurance policies and in and b the proceeds tttererof resulting from d�am�ra�rebft Property p
<br />ate or aaccqquis�rdon
<br />shall pass to Lander to the extent oil the sums secured by this Deed of Trust.Tit'trtaodiilety prior 1
<br />Ii or acqulsttiort.
<br />ft. Preaervalbn and Mafnowwwco of Property. Losasholds; C.ondoadnitrm; Planned Unit De
<br />s. Borrower shall
<br />keep the Property in good repair and shall not commit waste or permit impeimierit of deterioratl
<br />lease if Deed Trust is lleasMwtd. If this Deed of Trust I
<br />roperty and shall
<br />n a condominium
<br />comply with the provisions of any this of on a
<br />or a planned unit development. Borrower shall perform all of Borrower's obligations under tt
<br />ion or cov~ts
<br />emoting or governing the condominium or planned unit development. the by -laws and rogulal
<br />condominium or
<br />plan un development and constituent documents. If a condominium or planned unit dew
<br />fern is excuwd by
<br />Borrower orb recorded bgettter with this Deed of Trust, the covenants and agreements of sucl
<br />into and shall amend and supplement the covenants and agreements of this Deed of Trust as if
<br />I be incorporated
<br />ere a part hered.
<br />7. PrMaeraw of L,Mder's iacwtly. It Borrower tails to perform the covenants and agreeme+
<br />ed in this Deed of
<br />Trust or d any action or proceeding is commenced with mawrial ly affects Lender's interest in tit
<br />including but not
<br />Irmited lo. emrnerildomam, insolvency. code enfarcement, orarrangementsor proceedings invol
<br />ruptordecedent,
<br />then Lender el I ond!r's option upm notice to Borrower, may mike such appearances, disbun
<br />ris and take such
<br />action es isnecetssary toproWct Lender's intereert, including, but not limited to. disbursementofrew
<br />Wney'sImand
<br />en upon the Property to make repeirs.If Lenderrequired xxtgage insurance asa condition of
<br />Trust, Borrower the to maintain in c
<br />rtoansocureedby
<br />such time as the
<br />tea Dead of shall pay premiums required such insurance
<br />roqurvwl ktr such insurance wrminews in accordance witfs Borrowers and Lender's written a
<br />)rapplicalbelaw.
<br />Borrower shall pay the smount of ail rnortgege insurance peemiums in the manner prouderl un
<br />sph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest ttteroo+
<br />grower
<br />come additional
<br />r+rSebMd teas of ttwro*er secured by this Deed of Trust Unless and Lender agree tot
<br />of payment such
<br />amoutnb shell be payable upon notices horn Lander to eorrowtr requesting payment hereof. arm
<br />• Interest from the
<br />dawofdisburse! nentat the ralepayaWe from time iot, meon outstanding pr �nCtpelundertheNol
<br />rn
<br />iyentotintsfest
<br />at such isle would be contrary to applicable law. in which event suet+ amounts shall bear
<br />the highest rate
<br />tAtm�3ieG+lun(3e ►app,3 ab�e�d,N f4bth, nq contained in this paragraph 7 shall require LencertoiY
<br />pen3eortakeeny
<br />sties ^^ stare nde!
<br />•. hreNettiert Ler,let mar mako w Gau4e t0 UE) made reason,Sb'ee entt,o %ui)on and -spect t
<br />loped o Lender
<br />trllttenfJe!rsha: a r�llrJrr rvCrr,i :�. �+6 :r.�rtu1r•�B,aC.N rigger �ncl�F�,ty,r,(�reUS�ntb!E!cawe
<br />r !t!reYt ,,e thr. S�rUGrrfy
<br />M
<br />.f
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