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<br /> ' UNIFOR�I1 COVENANTS.�orrower and Lende�cavenant artd agree as follows: �--
<br /> �' ° 1.R�vrnent o!R►9nclnal artd Intet�est.6ortowsr sttal)promptly aay when dua ths prfncipat and InYere�t In�ebtEdn�ss C.
<br /> avldenco�by tho�loto art�late charges as provided in the Note. [:_
<br /> tr,.-.
<br /> � a.�rurtds tcrT�xes en�l te�aumnce.Subjsct to apptic�ie tauv or a v�ritten waiver by Lender,Borrov+ler shatl pa3/to Londet ___
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<br /> on tP[a day monthty psyments of �dncipet and in4erest�re payato'a und��tho Note.ur�tU tpta I�ots ts patd in lut�.e�um(heretn ,
<br /> n "Funds")equei to one�t�ueiflh of the�tsert'I
<br /> taxes and assessments pn�iuding condominfum artd planrted unft davetopment �
<br /> -- �;:.::�m�ni�.ii r�rryj vfiir•P�may attain prloriiy over this Qasd of Ttust,art�grcund renta�n t➢��PPaparty.If erry, �us mne-f�raS4h �_
<br /> � op qe�riy premfum In�talimenta tor heza�d insurance,plus one-twelfth ot yearty premium instatimertts for rrtodgage irzsu�anoe,it _
<br /> arty,alt as reasonabSy es�m a t e d fn i tl a i l y art d t r om tlrrte t o d m e l o y L e n d e r o n U c a b a s l s e4 assessments and b�s aed reasanable
<br /> " �aiimates thereot Borrower shai9 not be obllgated to make such pxyrt�ents o1 Funds to Lender to the extent that�oRawar makes _
<br /> c�'= such paymeMs to th�holder of a pdor mortgage or cfaed of trust It sucl�holder ts an insUb�ttonai tertder.
<br /> ;:M"�'�� If Borrower pays Funds to Lender, ti�e Funds shail be hetd In an institu�on the dsposits or axountsof which are � -
<br /> inss�red o�puAr�nt�Bd by'e Federal or state agency(induding Lender i}Lender is such an instituUon).Lendaz shall apply
<br /> the Funds to pay s�id ta�ces,assessrnents,insurartce premiuma and ground rents.�ender may not ci�arge lor so�solding _
<br /> artd applying the Funds,anatyzing said acxount or veritytng and compiling said assessments and biils. unless L�nder pays •• • •.•
<br /> Borrowar(ntereat on the Funds and applfcable law permits Lender to make such a cl�arge.Borrower and lender may agree �
<br /> ,,� in wrftlng at the time of executfon otthis Deed ot Trust that interest on the Funds shal!be paid to Bortower,snd unless such
<br />-. • agreement ts made or eppticable Iaw requires ouch interest to be pafd,Lender shall not be required to pay Bottower any �
<br /> lnterest or eamtnga on the Funds. Lertder shaU give to 8orrower, without charga.an annual acxounUng of the Furtda �
<br /> - ° �riowl�g cra¢�{ts and dafti�to t�e Funds end ths purpose fc�r whtch each debit to the Funds was m�de. The Funds are
<br />_. pl�aiged as addttfonal security f�r the sums secured by this Deed ot TrusK.
<br /> ' ' � it the amouM of the Fun�s heid by Lender.Wgether with the tuture mo►�thty installments of Funds pa�p�bla pdor M the .
<br /> due dates af ta�ces,assessmerrts,insuren�e pPemfums and ground ren4s,shail excesd the artzavnt required t�pay sa3r!t�n^s, -
<br /> •� � � assa�srreents,insurance premiums�nd ground rents as they fall due,such excess shall ba,at Bomower's opUon,a�P+er
<br />-. _ .. promptly repald to Borrovnrar or credifed to Borrower on monthly instaliments ot Funds.If the amouM of tha Funds hetd by =
<br /> `��'° Lender shall nat be sufftcient to pay taxes,assessmer►ts,fnsurartce premiums and ground rents as they fa71 due,Borrawer
<br />- - �' shall pay to Lender any amount ne�sy to make up the deflciency in one or more payments as Lereder rney require�.
<br />�.,,, ,. � .{ Upon payment in tutl ot ail sums secured by this Oeed of Trust, Lertder shalt promptly retund to Ba►rowar any Funds
<br /> held by Lender.If under paragraph 17 hereof the Property is sotd or the Property is otherwise avquired by lender� Lender
<br />���r:=��`:� s. sh�ll appiy,no tater than immediatety pdorto the sale o f t he Prope r l y or i t s a o q u i s 1 U o n b y L e rt d e r,a n y F u n d s h e l d b y L e rt d e r
<br /> - ---� :.:K�'�— at!3�t(me ai sppl��tlsir_ AA a�-�a�i�t against the sums secured bv this Deed of Trust
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<br />- - � 3. A�plit�tion of Peymet�te. Unless appltcabie!aw provides othervuise.all payments recehreC by L�ndar under ihe
<br /> _`'�;��""""� � {Vate artd pa�agraphs t and 2 hereof shall be appifed by Lender flrst tn payment of amourits payable to Lettdar Izy BoRanuar
<br />����.r �:`.'` under parag�aph 2 hereof,then to Interesi payabte on the Note,and then to the principai of ffie Note.
<br /> x-:a:;i���lr�: ;�:; 4. Pr�or Mortgages andl Deeda o!'Itust;Charges;Ltena.BoROwer shatt pertorm ail of Borrowe�s obigaUons under
<br />�s;'r���`' ''� arr�mortgage.deed of 4arust or other security agreemeM wlth a Ilen which has priority over this Dee�og Tiust,irtcluding
<br />���'�"`"`' '3'' �orrowers covenants to ma ke paym e n t s w h e n d u e.B o r r o w e r s h a t l p a y ar c ause to be paid all taxes,a�sassmerns artd
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<br /> ��"�r�`''' `��'� oti�,er charges,ftnes and tmpositions atirfbutabte to the Property which may attain a prlority over this Dsed of TrusL and
<br />:-�`LL:���_.:r.�. �:;i
<br />- �''""e� ''' •�f, leasehold payanents or ground n�s,if any.
<br /> �--°� r S. Hazard Insurerece.Barrowrer shall keep the improvements now existing or hereafter erected w tt�e Prop��ty
<br /> j-�-M�'��'t, �:� insured against loss by�Pe,hazards included wfthin the term"extended coveraga",flood and such other ha�erds as Lortder
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<br /> �°`� ' may require and(n such amou�te and for such periads as Lendor may requira.
<br /> --� �`' The Insurance carrier providing the insuranoe shali by chosen by Borrower subJect to approval by Lender,provialed.
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<br />----_-- -- that such Approval shall not be unceasonably withheld.Ali insu�r�ce po0cies and renewals th�recf shal ba in a�Onrm
<br /> '�"�� `�'�` acceptable 40�.ender artd shall inciwde�etandard mortgage clause in favor of and in a form axeptable to lender.Lender
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<br />��—� '°� shall have�e dght to hotd the policies and renewals thereof,subJect to ttie tem►s af ar►y mortgage,deed dtrust or other
<br />_-- __ -„ ;,;: sscurity agreement with a tlen which has priority over this Deed of Ttust.
<br /> -- ----- In�he eveM ot toss. Borrower shail give prompt notice to the insurance car�ier and Lendar.Lender mayrreake prooi of
<br /> -=-==�" ;i IQSS ff not made promptiY by Hortower.
<br /> -__ �"�����'`� If the Property is abandoned by Borrower.or if Borrower faits to respond to Lender withln 30 days irorn th�date no�ce
<br /> ==`="��'� � '�; is mailed by Lensfer to Borrower that the insurance carrier offers to setUe a clafm for insurance benefit5,Lender is
<br /> __=v��..= :"f authorized 4o collect anr�apply the insurance Proceeds at Lender's optlon eit�ea►to restoration or repalr c►i�e Praperiy or
<br /> � { to the sums secured by this Deed mf TrusG
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<br /> �".`_� :.: 6. Presenratlon and MatM�nance of Property; Leasg�alds; Condominlurtns; Ptanned Unit De�sefo�rfts.
<br /> •�-��=~� '' Borro�rer sh�i0 keep tho Prop�rty in gcrod repair and shall not�omm(t waste or permit impafrment or det�loratian o4 3he
<br /> �=���� � � Property and shail compiy with the provisions o f am►tease ff t h is Oes d o f'n u s Y is on a leasehold.If this Deed otTrwt u�on
<br /> --:-r�� ,
<br /> �=_+��-:M-- � �unft En a condominiuuv�or a p�anned unft devetopment, Borrower shall perform a11 ot Borrowers cbligabons under the
<br /> dealaratton or covenants aeating or goverrting the condominium or ptanned unit devetopmerit,the by-lawsand regulattons
<br /> '��:`�` `-'' of the condominium or pfanrted wt4 deveiopment,and constlhisr�t documents.
<br /> _`�::��n��.`-" .! 7. Rro2eCNon ot Lcrtd�r's S�cmritN If Borrower fafis to perforrn the covenants and agreemet�ts cor�alned a�a 2his
<br /> -�`�;"� ����� Deed of Ttust,or if any acUon orproceeding is commenc�d whiah materiaily affects Lender's interest in tfieProperl�.then
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<br /> '" Lender. at Lender's option, upon notice to Borroin►er, may make such appearances, disburse such sums, inctudfng
<br /> reasonable attomeys'f�ses,and take such action as is necessary to protect Lender's interest If Lender requlr�d mortgage
<br /> insurance as a condiNon of maldng the loan secured by this Deed of Trust, Bomower shall pay the premiums required to
<br /> . matr►tain such insurartce in effect un81 such time as the requir�ement far such insurance terminates In axordam�with
<br /> ��"�" BoRawers and Lender's writien agreement or applicabte taw.
<br /> " �, My aenounts disbursed by Lee�Mer pursuant to th{s paragraph 7.with Interest thereon,at the IVote rate,shell beeome
<br /> � addfionat indebtedness of Borrower secursd by this Daed of'Trust.Unless Borrowor and Lender ag� ��of.tNo gn�
<br /> , payment, such amounts shalt be payab�e upon notice from Lender to Borrower rsquesting paym g
<br /> contafrt�i in this paragraph 7 `hail require Lertder to incur arry expens�or take arry acUon hersurtder.
<br /> — �.Inspectton.Lender may rnake or cause to be made reasanable entr(es upon and inspBCUons of the Properiy,
<br /> pravtded that Lertder sttaii give Borrower no�ce prior to any such inspecUon speciiyirtg reasonable caus�Iherefor related
<br /> - . to Lenders interest in the Propsrly.
<br />- - - g.C�n�arr�naUoa�.The p►o�eeds of any award or ciaim for damages,direct or consequeMial.in connacKion�vlth arry
<br /> � condemnatton or other takirtg of the Properly, or part thereuf,or tor camreyartce in lieu of condemnatlon,aro hereby
<br /> assigned and shali be paid to Lender,subject 4o t he tertns o f arry mortga ge.daed oi trust or other securityag�eement with
<br /> ' a tfen which has pr(ority o�er thls Deed of TrusG
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