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<br /> 89,�, i os722
<br /> � UNIFORM COV�NAN7S. 6orrowe�and Lender covenant and Agree as follawa:
<br /> 1. Paym�al of Prinetpal and Int���si. Bor►ower shall promptly pay when due tho pnncipal,ot a�d interest an the
<br /> indebtednbss ewdenced by the Note,p�epaymeni and late chargesas p�ov�ded m the Note,and the pnncipal of and interest on
<br /> any Future Advances secured�y the�eed of Trus�
<br /> 2. Funda fo�Yax„and Insu�anc�.Sub ect to appiicabte taw or to a w�itten waive�by Lender,Borrower shall pay to Lende�
<br /> on the day monthly installmenta ot principa�and interest are payable under the Note,until the Note Is paid ln tuil,a sum(herein
<br /> "Funds")equal to one-tweiRh of the yearly taxes end asseasments whlch may attsin priority over this Deed ot T�uat,and
<br /> ground rents on the Property,if any,plua one-twelfth o1 yea�ly premium installmentstor hazard i�sura�ce,plusone-twelRh of
<br /> yearly premium InstallmAnts tor mortgage l�surance,If any,all as rea�onabty estim�ted initieliy and from time to time by
<br /> l.ender on the basis o1 assessments a�d bllls a�d reasonabte estimates the�eol.
<br /> The Funds shall be held in an institution the deposits or accounts of which ere insured or guaranteed,by a Fede►al o�state
<br /> agency(including Lender i1 Lender is such an institution).lender shall apply the funds to pay said taxes,assessme�ts,
<br /> insurance premiums artd grou�d rents.Lende�may not charge for so hotding and applying the Funda.analyzinp aaid account
<br /> or veritying and compiling said assessments and bills,unless Lender pays Bo�rower inte�est on the Funds and appticable law
<br /> pe�mits Lender to make such a charge.Bo��ower and Lende�may agree in writing atthe time of execution of this Qeed of T�ust
<br /> that interest on the Funds shall be paid to Borrowe�,and unlass such agreement is made or appUcalbe law�equirea auch
<br /> interest to be paid,Lender shall not be required to pay Borrower any interest or earnings on the Funds.Lender shall give to
<br /> Bor�owe�,without charge,an annual account�r,g�f the Funda shvwing credits and debits to the Funds and the purpose tor
<br /> which each debit to the Funds was made.The Funds a�e ptedged as additianal security for the suma secured by thia Deed ot
<br /> Trust
<br /> I1 tha amount of the iunds hetd by�ender,together with the future monthiy installments of Funds payeble prio�to the due
<br /> dates of taxes,assessments,lnsurance p�emiums and ground rents,shall exceed the amount required to pay said taxes,
<br /> assessments,insu►ance p�emiums a�d ground�ents as they fali due,such excess shall be,at Barrower's optlon.either
<br /> promptly repaid to 6or�ower or credited to Borrower on monthty installments of Funds.If the amount of the Funds held by
<br /> Lendershallnotbeaufficienttopaytaxes,assessments,insuranceprem�umsand g�oundrentsastheyfalidue.Bor�owershall
<br /> pay to Lender any a�mount necessary to make up the deficiency within 30 days from the date notice is mailed by Lender to
<br /> Borrower reguesting payment thereof.
<br /> Upon payment in full of all sums secured by this Deed ot Trust,Lender shall promptly refund to Borrower any Funds held by
<br /> Lender.If under paragraph 18 hereof the Prope is sold or the Property is otherwise acquired by Lender,Lender shall apply,
<br /> no late�than immediately prior to the sale of ihe�roperryor its ac uisit�on by Lender,a�d Funds held by Lenderat the time of
<br /> appUcation as a credit against the sums secured by this Deed of�rust
<br /> 3. Appllcation of PsymQnt�.Unless applicamle law provides otherwise,all payments received by Lender under the Note
<br /> and paragraphs 1 and 2 hereof shall be apptied by Lender first in payment ot amounts payabte to Lender by Borrower under
<br /> paragraph 2 he�eof.then to interest payable on the Note,then to the principal of the Note,and the�to interesta�d principal on
<br /> any Future Advances. .
<br /> 4. Char��s;U�ns.Borrowers shall pay aIl taxes,assessments and other charges,finesand impositions attrlbutableto the
<br /> Property which may attain a priority over th�s Deed of Trust,a�d leasehold payments or ground�ents,if any,in the manner '
<br /> provided under paragraph 2 hereof or,if not paid in such manner,by Borrower making payment,when due,directly to the .
<br /> payee thereof.Borrpwer shall promptly furnish to Lender all notices of amounts due under this paragraph,and in the evant
<br /> Borrower shall make payment di�ectly, Bor�ower shall p�omptly furnish to Lender �eceipts evldencing such payments.
<br /> Borrower shall pramnUv discharae anv hen which has unorlty over this�eed ot Trust provcded.that Borrower shall not he _ __
<br /> required to dlscharge any such lien so long 3s 9orrower shall agree in writing to the payment oithe obligation secured by such
<br /> lien in a manner acceptable to Lender,or shall in good faith contest such Uen by,or detend entorcement of such lien in,legal .
<br /> proceedings which operete to prevent the enforcement oi the lien or ioAeiture o!the PropeRy or any part thereot. •
<br /> 5. Ha:ard Ins�nnc�.Borrower shall keep the improvements now existing or hereafter erected on the Property insured .
<br /> against loss by fire,hazards included within the term"extended coverage",and such other haza�ds as Lende�may�equire
<br /> and in such amounts a�d for such periods as Lender may require:provided,that Lender shall not require that the amount of •�
<br /> such caverage exceed that amount of coverage required to pay the sums secured by this Deed of Trust
<br /> This insurance carrier providing the insurance shatl be chosen by Barrower subjec4to approval by Lender,provid�d,that �
<br /> such approval shall not be unreasonably withhetd.All premiums on insurance poHcies shall be paid�n the manner provided C`
<br /> under paragraph 2 hereot or,if not paid in such manner,by Borrower making payment,when due,directly to the insurance
<br /> carrier. ;
<br /> All insuranca policies and renewals thereof shall be in form acceptabte to Lender and shall include a standard moRgage
<br /> clause in favor of and in form acceptable ta Lender.Lender shall have the right to ho�d the policies and renewals Mereof,and
<br /> Borrower shall promptlyfurnish to Lende�all�enewal noticesand all receiptsoi pa�d premiums.In the event oT Ioss.Bo�rower
<br /> shall give prompt noUce to the insurance carrier and Lender.Lender may make proot of toss if not made prompUy by Borrower.
<br /> Untess Lender ard Borrower otherwise agree in writing,insurance prxeeds ahall be appUed to restoration or repair of the � '
<br /> Property damaged,provided such restoretion or repair is economicallyfeasible and the security of this Deed of Trust is not <<�
<br /> thereby impaired.It such restoration or repair is not economicatly feasible or if the security of this Deed of Trust would be
<br /> impaired,the insurance proceeds shall be appl�ed to the sums secured by this Deed oi Trust,with the excess,if any,paid to .�
<br /> Borrower.If the P�operty is abandoned by Borrower,or if Borrower tails fo respond to Lender within 30 days from the date
<br /> notice is mailed by Lender to Borrower that the insurance carrier oifers to settle a claim for insurence bene�4s,l.ender is
<br /> authOrized to collect and a ply the insusance proceeds at Lender's option either to restoratian or repair of the Property or to '
<br /> the sums secured by this of TrusL
<br /> Unless Lender and Borrower othe�wise agree in writing,any such application of proceeds to principal shall not extend or
<br /> postpone the due date ot the mo�sthly instaliments�eferred to�n paragraphs 1 and 2 hereo!o�change the amount of such
<br /> mstallments.I}under paragraph t 8 hereof the P�operty is acquired by LendQr,all right,title and interest ot Borrower in and to
<br /> anyinsurancepoficiesandinandtotheproceedsthereafresuttingfromdamagetotl�eProperrypriortothesateoracquiaition
<br /> shall pass to Lender to the extent of the sums secured by thls Deed of Trust immedlately prior to such sale ar acqu�sitlon.
<br /> 6. P�es�rvaUon snd Mslnt�oancs ol Prop��ty;Leas�holds;Condominiums;Planned Unii D�vNopm�nb.Borrower shall
<br /> keep the Property in good repair and shall not commit waste or permit impairment of deterioration ot the Property and shall
<br /> compl�/wiih ths provistons ot any lease it thls Deed of Trust ison a leasehold.lithia Deed o4Trust is on a unit in a condominium
<br /> or a planned unit deve�opmenY.Borrower shall perform a1t oi Borrower's obligations und�,r the declaration or covenants
<br /> creating or governing the condominium or planned umt development,the by-laws and regulations of the condominium or
<br /> planned umt development,and constituent documents.If a condomimum or planned unit development rider is excuted by
<br /> Borrower and recorded together with this Oeed of Trust,the covenants and agreements oi such nder shall be irtcorpora4ed
<br /> into and shall emend and sup�lement the covenants and agreements of this Deed of T�ust as if the rider were a part hereal.
<br /> 7. P�ot�ctbn o1 L�nder's S�curity.If Borrower lails to per(orm the covenants and agreements contained in this Deed of
<br /> Trust,or i1 any action or proceeding is commenced with materially aftects Lender's interest in the Property,including but�ot
<br /> limited to,eminent domain,insolvency,coda entorcement,or arrangements or proceedings involving a bankrupt or decedant,
<br /> then Lender at Lender s option,upon notice to Borrower,may make such appearances,disburse such sums and take such ,--_ _-___-__-
<br /> action as is necessaryto protect Lender's interest,including,but not limitetl to,disbursementof reasonable attorney'sfees and .
<br /> entry upon the Propertyto make repairs.If Lender requiretf mortgage insurance as a condition of making the loan secuted by
<br /> the Deed o1 Trust Borrower shall pay the premiums required to mainta�n such insurance in eftect until�uch time as the
<br /> requirementforsuchinsuranceterminatesinaccordancewithBorrower'sandLender'swrittonagreementorapplicalbelaw.
<br /> Borra�rer shal�pay the amount of all mortgage insurence permiums in the manner provided under paragraph 2 hereol.
<br /> Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall 6ecome additional
<br /> indebtednass o1 Borrower secured by this Deed ot Trust.Unless Borrower and Lender agreeto other terms of payment,such t
<br />: amounts shall be payable upon notice from Lender to Borrower reques!ing payment hereof,and shall besr intereat frem the �
<br /> L date of disbursement a!the rate payable from time to time on outstanding principal underthe Note unless payment of interest •
<br /> at suCh rete would be contrary to epplicable law, in wh�ch event such amounts shall bear interest at the highest rate �.
<br /> permissibfo under applicable Iaw.Nothing contained in this paragraph 7 shall require Lender to incur any expense or take any
<br /> aCtion hereunder �
<br />. 8. InsplCtlOn.lender may make or cause to be made reasonable entnes upon and inspect�ons of the Property,ptovided ��
<br /> fhat Lender shall g�ve 8orrower notice pnor to any such insper.tion spoC�fymg reasor�able cause therefore related to Lender's ��{
<br />_ mterest in the Property_ j
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