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<br /> UNIFOAAA COVENANTS.Borrowor And Londor covo�nnt and adrup ps toltown: .. -.
<br /> �� � 1, Payarient ot Peiaalpal end Int�e.8orrowei ahnit promptly pny when due tho pnnctpel of and �nterost on the
<br /> '• , �� � �ndebtednoasevldencedbytheNote,prepa mentandlatecheogeeaeproadedinthelVots.andthepnnclp�lafandlnbroslon _
<br /> „ , �ny Future Advances eecured by the Q�of Yruat.
<br /> •� • •., �. Fund�forTatiMandin�uana�.8uboctto�pptlaeblelewortoaw�ittenwaiverbylende►.8or►ow�rshal�p�ytoL�nder
<br /> � �� onthedaymonthlylnstaltmenteotDrfno�pa�n�dinterestarepeyealaundertheNote,untllthsNotelspatoinfull,awm(h�nln � �;° .�
<br /> "FunA�"3 cqunt to ono-twollth ot tho yourty tnnoa nnd aflaesemenro e�htch mey an�in pnoriry ove�this De�O ot Trust end
<br /> � grourtdrenbontheProperty,ifany,plusone-twetfthotyeertypnmiuminstallmenbforhsurdinaa�anee,plueone•wwsttthof "��.
<br /> yeedy pramtum inatalimenffi for mongepe Inaurence,(t any,aIi as reesonebty eaue�ated Initietly and trom tlme to drrN by
<br /> Lender on the baats ot eeteaamenta and bllla and reasoneble eatimntss tf►ereof. � ,
<br /> The Funde ehAll be held in an fnatitutfon thadepostta or accaunte ot whichare inau�ed ar gua►enteed,by a Federel or eteta . .. .
<br /> agenay llnciuding I.ender if Lender is euch a�1�etttution).Lender ahall apply the tunda topay eaid taxes,eassssmenb, .
<br /> • Inaurencepremlumaandgroundrenta.Lendermeynotchergetoroohotding sndapplyingtheFunds,aneiysingealdaacount . . ..
<br /> orverlfyfngandcomp111ngeaidasaeaamentaandbille.unleasLendorpaya BorrowerinterestontheFundaanaappllea�bielew ,
<br /> � permite Lender tomake nuche charge.8o►rower and tsnde►mayagreein w►Iting attheGmeof exeeutlon of this D�of Troat
<br /> � that tnterest on the Funda eheil be pafd to 8orrower,and unleaa eueh ag�eement Is made or apptiealbe lev�requires such .
<br /> Interest to be patd,Lender shaU not Ue requlted tA pay 6or�ower any tntetest or eamings on the Funda Le�der ahslt give to •
<br /> /�;� . Borrower,without eharge,an ennual eccountlng of the Funds showing crsdits end debits to the Funde and the purpoae tor � _
<br /> which each debitto theFunds wAS made.The Fundsare pledged as addido�et secu�lrytorthe sumsaecured by thfa Deed of
<br /> Trust
<br /> �f the amount of the funda held by Lender,together wfth the future monthiy instaliments of Funda payable prior to the due
<br /> ':i�"'•:• • � dates of taxes,assessments,insu�anca premiums end ground�ents.ehail exceed the emount required to pe�y eatd faxea
<br /> � asaeasments,i�anrence premiuma and ground�ents as they fall due.euch exceas ahall be,at Bonower'a optlon,cither •
<br /> promptly�epatd to 8orrower or credited to Bo�rower on monthty insmilments of Funda H the amaunt ot the Funda hetd by
<br /> � Lendershat{notbeauNiclenttopaytazea,assessmenta,insurencep►emiumsand groundrenbastheyfaltdue.Bonowerahall '
<br /> pay to Lendar any amount neaesst�ry to make up the derictency within 30 days from the date notice is mailed by Lender to
<br /> . BoROwet requestlng payment thereof. � � ` �
<br /> Uponpaymentintullofaltaumsaecu�edbythisDeedofTrus��endershallprompt�yrefundtoBonoweranyFundsheldby ��
<br /> - Lender.Itunderparagraphl8hereofthePro Ay iasoidortheProper,ty isotherwiseacquiredbyl.ender,Lendershallappiy. , .
<br /> � ' noleterthanimmedfatotypHortothesaleotMePioperlyoritsac uis�t(onbyLender.andFundsheldbyLenderattheHmeof
<br /> � . � app�icadon t�s a credit against the sums secured by thia Deed of��ust •
<br /> � � ;,�:�.� 3. AppQcattan ot Pa nants.Uniesa applicable law provides otherwise,ail peyments received by lender under the Note •
<br /> " ��`;�:,, and paragraphs 1 and 2�reof shsll be appfied by l.encfer first in payment of amounts payable to l.ender by BoROwer under .
<br /> � paragraph 2 hereof.then to interest payable on the Note,then to the pnncipal of theNote,and then to interest and prinoipal on �,•,4 �,1
<br /> . any Future Advances. �i;;•, .. ,�i• ,."
<br /> ' 4. Cha�p�s;U�ns.Borrowersshalipay elitaxes,assessme�tsandothercharges.finesandimpoaftionsattdbutabletothe �•�,
<br /> Prope►ry which may ett8ln a priacity over this Oeed of Trust,and leasohoid payments or ground renta,it any.in the manner ��`�yy�', • �,:1,•��
<br /> provided under paragraph 2 here�l or,if not�aid In such manner,by Borrower making psyment,when due,direcUy to the �`:;„ �•�;�<<i"�,
<br /> � '. peyee thereof.Bor�ower ehalt promptly tum�s�,•o lender atl notices ot amounts due under this peragraph,end in the evant
<br /> . -:;;-�__=�,;s. Sarror��r:�ha!!mskep ysnsse!di�scdy. 9orrQwsr shatt promptly �umieh en t ender receipts evidencin9 such PeYm�nts. .. -- __,�,,
<br /> ' •s,�, • �ptfoaier shali promptly dlacharge 8ny lien which has priority ove►thls Deed of Trusk p►ovided,that Bor�ower shali not t�e ..,
<br /> '.:" ,. , � requtredtodischargeanysuchlfensolonges8orrowershallagreai�wriringtot4�epaymentofiheoblfgetionsecuredbysuch �. ,
<br /> � Ilen tn e manneracceptaDleto Lender,or shali In good taith contest such Nen by,ordefend enforcementof such lian In,legat �,
<br /> ',,, proceedings which operate to prevent the entore:ement of the lien or forteiture of the Property or any pan thereof. . •
<br /> 8. Nazard Inwn�tat.8orrower ahnil keep the tmprovements�ow existlng or hereafter erected on the Property inaured � :
<br /> agalnat ioss by Nre,hazards inaluded within the term"extended coverage",and such other har.arda as Lender mey require .
<br /> � and in such amounta and for such periods as Lender may requlre;provided,that lender shall not reqwre that the amount of �r�i��:.. '
<br /> � � such cove►ege exceed that amount of covorage�equired to pay the sums socuted by this Deed of Trust ' :� , �{�
<br /> Thia insurance carrier provfding the Insu�anceshatl be chosen by Bonower subjectto approval by Lender,prov�ded,that � ���,4
<br /> such approval shall not be unreasonably withheld.AII prem�ums on insurence po l�ies a he l l b e p a i d i n the manner provlded „ .
<br /> • under paragraph 2 hereot or,ft not paid m such menner,by Borrower meking payment,when due,direclly to the insurance I J
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<br /> All insurance poitClosand renewa�s t�nereof sheli be fn form ecceptable to Lende►and shall Include e standard mortgege �'_
<br /> � • � c�euse In favor ofand in torm acceptabte to Lender.Lender shall have the rtghtto hotd Me pol�cies and renewalsthereofand I ,. �;
<br /> : Borrower shall prompt1y furnish to Lenderall rAnewal noticesend ali recetptsof paid premwms.in theevent of loss.8orrower I
<br /> ahatl�iveprqmptnoricetotheinaurancecar�ierandLende�.Lendermeymakeprootottoss�fnotmadepromptlybyBorrower. f �
<br /> UnlessLenderendBorrow�rotherwiseagreeinwritlng,tnsuranceproceedsshatlbeappifedtore9torationorrepeirofthe , ...
<br /> P�operty damaged,provlded such restoratlon or repa�r is econamtCally feaalbte and the secunty of this Deed ot Truat is not i
<br /> � • ' theteby impatred.if such restorstion or repa�r fs not econom�caity teasibte or it tha secunty of t1�ia Oeed of Truat would tie f
<br /> " impafreci,the insurartce proceeds shaU be applfed to the sums secured by this Deed of Trust wdh Me eacess.�t any,pe�d to ��.�'
<br /> 8onower.tt the Property is abandoned by Borrower,or it Borrower taits to respond to Lender witVdn 30 days trom the date ..
<br /> notice is maited by L ender to Borrower t hat the insurance canier o f t era to se l t ie a c�ecm tor insuranao benettts.Lender�s
<br /> authorfzed to coli�ct andapply the insurance proceeds at lender's optfon efMer to�eatorat�on or repa�r of the PropeAy or to -
<br /> the sums secured by this Qeed of Tcust
<br /> Uhless Lender and 8orrower otherwise egree m writing,any such applicet�on of proceeds to pnncipal shall not extend or • -
<br /> �• �, ', pos�One ihe due date of the monthly insteltmenta reterred to m pa�agrapha 1 and 2 hereof or change the amount of such i
<br /> ' ���'!4 insta�lmenta.It under paregraph 18 hereotthe Property Ia acqu�red by Lender,alt�Ight riHe ard interest of BoROwer in and to i
<br /> ��' �.1���`' a�yfnsurancepoliciesandinendtoMBproceedsthereotresultingtromdamaget 111ePropertypriortothesaleoracquisiNon
<br /> � , , ,`,, , , shell peas to Lender to ffie extent of the euma secured by this Oeed Of Trust�mmediately pnor to such sate or acqui�itlon.
<br /> � 8. pres�rvatloe a�d Maintentnce of Prop�rfy;Leas�hotds;CondomlMums:Pltemed Unit Oevalopm�nb.8orrower shall
<br /> keep the PropeAy fn good repait and shatl not comm�t waste or pa►m�t impairment ot deterioratlon of the f'roperty and shell
<br /> .� �:;,,:, comply with theprovislonsof any lease 1f this Deedof Trust is on e teasehold.ltthis Oeed ot Trustis on a unit in a condominium
<br /> �p� or a p(anRed unit devetopment,Borrower shall perforn►all of Borrower's obligalfons under the declaretion or covenants
<br /> ;.. creatfng or goveming the condommium or planned unit development,the by-tewa and regulallons ot the condominium or ,
<br /> •'+ ptenned unit development,and constttuent documenta.lf a condominium or ptanned unit development rider fa exctited by ;
<br /> � ' Borrower and recorded together wlth this Deed ot Trus�the covenants end ag reerr�ents ot auoh�Ider shatt be incorporeted ..
<br /> � ' into end shall flmend end supptemen!the covenants and agreements ot thls Deed of Trust as it the rlder were a part hereof.
<br /> �; � �• 7. Prot�etlon ot Lertda�'s 8ocurity.lt Borrower 1ails to pertorm the covenentsa�d agreements contained in ihls Ooed ot
<br /> � Truat or if any actlon or proceeding ia commenaed with mate►fully aMecls lertder's intereat in the Property.inoluding but not
<br /> - limltedto,eminont domain,tnsolvoncy,Code entorcement,or arrangements or p�oceedings fnvolvi�ga bankruptor decedenG
<br /> � then lertder at Lender's oprion,upon notko to Borrower,mey make such appearances,dis0urse such sums end take suoh .
<br /> ' actlOnesisnoCessarytoprotectlender'sln4ares�fncludlng,butnotllmitedto,dlsbursementOtreanonableattomey'sfeesand
<br /> • � entry upon th�Property to m�ke repa�rs.If Lender requiredmo�tgage insurance asa conditfon of making the toan secureC by
<br /> me Deed of Trus�Borrower ahall pay the premiums rc�quired to memtain suCh Insurance m etfect unril auch time es the
<br /> roqui�ementtorsuchinsurancetermtnetes�naccordancew�th8orrower'sandLender'awnttenegreementorapplicalbelaw.
<br /> • Borrower shaU pay Me amount ot alI mortgage i�surance permfums�n the manner prov�ded under paragraph 2 hereof.
<br /> Anv amounb dtsbursed by Lend�r pureuan►to this paragraph 7, wdh mterest thereon, shel� become addittonat
<br /> ; � . Ir1d@bt@d�16380160«OW@fBBCUf@Hbyltl!$08�70tTtUSt.Ut11@88liOtf01N0►8n�1l.8nQ6fegfBBtOOiitefiermaui{io�u�m�aaii�.�
<br /> •- emounb ahatl be payable upon notico from Zertder to Borrower requesnng payment hereot.and shall bear mte►est ttom Me
<br /> � . �•; deteofdisbursemonlattharatopayabtetromt�metotimeonoutstanding pnnc�palunderMeNOteuniesapaymentoffnterest
<br /> - �' at such rate would bo aontrary to eppIlcabte law.�n which event such amounts shelt bear interest at the highest rate ' �
<br /> • � permi8sfbleunderappiicmDlalew.Nothingcontained�nthisparagraph7shallreqwrelendertomcuranyexpenseortakeany
<br /> �'� �= actlon hereurtder.
<br /> 8. tnsp�ctlon.Lender may make or cause to be made reasonable entnes upon and mspechons of the Proporty,prov�ded
<br /> , that Lender shal!give 8onower notice prior toanysuch inspecbon spec�ying reasonable causetheretore retated to Lender's
<br /> ;� . interest in the Property.
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