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<br /> UNIFORM COVENANTS.Borrower and Lender covenent and agreo ns fouows: i , --
<br /> T�"---
<br /> 1. PaymeM o1 Princlpal �nd Int�rest.Borrowor shall promptly pay when duo tho pnncipnl of and inlc�rosf on Iho � �:_--
<br /> md4btodnosa evidenced bythe Noto,prepnymont and iato chargea t�s providod in the Note,and the pnncipal ol nnd intamst on I �,;,-.
<br /> any�uturo Advances secured by the DQed of Trust � —
<br /> 2. Fu�dsfar Texs��nd Ineuranr,�,Sub�OCtto epplicable law or to e writton waiver by Londor,9arrowar ahnll pny lo l,ondor � ;,�-
<br /> on the daymonthlyinetellmer�te ofp rincipal and interestere p&ynble under lt�a Nota,untd lhe Note�s pe�d in lulf,e euu�(here�n
<br /> "Funda")equal to one-twelflh of the yearly taxes and essesaments whfch may etteln prioriiy over thle Oeed of Truet,and � 3
<br /> ground ront3 on the Property,If any,plus one-twelfth of yearly premium inatellmenta for hetard Inaurnnce,plue ono•twelfth o1 �l
<br /> Yearly p►emium instelimenta for mortgage ineuranco,ft eny,all os reesonably estimated fnitlally nnd trom tlme to timo by �{e
<br /> Londer on the baals of essesaments enc!bllla nnd roesonablo estimetes thereof.
<br /> The Funds nhall be held In en institution tho depo8its or accounts of which ere Insured or guarantaed,by a Fodsral or etate �ti
<br /> agoncy (includfng Londer if Lender la such an inetitutlon).Lender shali epply the lunda to pay seftl taxe�,aeaenamente, ' #
<br /> �nsuranco promiums end ground renta.Lender mey not char4e for so holding end applying the Funds,anolyzing aeid account �
<br /> or verHying antl complling said sssessments and bills,unless Lendor paye Borrower intarest on thc�Funds and n �Itceble Inw
<br /> pormite Lenderto mekeeuch e chargo.Barrower end Lendar mny agree in wrfting at the time of execution o1 thta�eed of Trust
<br /> that Intorest on the Funds ahall be paid to Borrower,and unle�o such agreement fa made or eppIlcelbe law requfres such I ,�,� "
<br /> interest to be pald,L.ender ahall not be required to pay Borrower eny Interest or earnings on tha Funds.Lend�r shall gtve to
<br /> 8orrower,wlthout chargo,nn annual nccaunting at the Funds ahowmg credlte and debite to tho Fund�f nnd lhe purposa lor '
<br /> which each debit,o theFunds wes made.The Funds ere pledged es addltlonal securlty for the aume aacured by thle Deed ol
<br /> Trust. ,
<br /> 11 tho emount ot tho funds held by Lender,together with the future monthly Inetellments of Funds pnyablo prior to the due ��
<br /> dntea of Inxes,asse5aments,insurance premiums and ground rents,shall exceod the amount required to pay satd Wx�s, ,,
<br /> nsaeeemante,Insurnnce premiums und flround rents es tt�ey tall due,auch excoss shall be,at Borrower's option,either
<br /> � promptly repuld to 8orrower or credlted to Borrower on monthiy Installments of Funds.If the amount ot the Funds hald by �
<br /> Londor shall not be auttictentto pay isxes,aaseasments,insurenco promfums end ground rentses they fali due.Bonower shnll
<br /> pny to Lender eny emount necese�ry to meke up the deficiency within 30 daya from the date notir.o is ma�led by Lendor to ' �'�
<br /> Borrowor reque9ting peyment thereof. `�,�=
<br /> Upon poymantln full of ell sums secured by this Deed of Trust,Lender shell promptly refund to Horrowor any Fvnds hold by
<br /> Londor.II under peragrnph 18 hereof the Proper1y is sold or the Property isotherwise acqwred by Lender,Lender ehell apply, K�-
<br /> no Intor then Immediatoly prior to the sale of the Propertyor its acGulsit(on by Lender,a nd funds held by Lender at the time of ,� ',
<br /> �ipplicntion na a credit ngelnat the sums secured by this Oeed of Trust. • p,s,.
<br /> 9. Applic�tion of P�ym�nb.Unloss applicable lew provides otherwise,all payments received by Lender undnr tho Noto �Y�+
<br /> nnd pnragrephs 1 and 2 hereof ahell be applied by Lender first in peyment of amaunts payeble to Lender by Borrower undet 4�^
<br /> pnrppraph 2 hereof,then to interest payable on Ihe Note,then to tho principal of the Note,end then to interest and principal on � , ,
<br /> nny Future Advances. .�•�'
<br /> �1. Chtrp��;U�nt.Borrowersshellpay alltexes,asaessmvntaendothercharges,finesandimpositionsattributebletotho � ���
<br /> Proporty which mey attein a priority over thfs Deed ot Trust,and Ivasehold payments or ground rents,it eny,in the menner � �:T,._
<br /> � provided under paragreph 2 hereoi or,if not paid in such manner,by Borrower making payment,when due.diroctly to tho _ �,
<br /> ayee inareoi.$Olruwer diY&ii prOnipiiy iurrii8ii iO Lniiuni nii i�vticn�u�tlii�0uiita d'un ui�d'oi ti-��s Nara�ra�t�,8ne3 i��ttis ovar2 --
<br /> ' �o�rowor sflall make peyment dlrectly, Borrower ehall �romptly turnish to Lender recefpts ev�dencing such poymenta. . i
<br /> I porrower ahall promptly dlscharge eny lien which hes pnority over thls Deed oi Trust;provided,thet Borrower shnll not bo � �
<br /> + requlrod lo dlechergeeny such Ilen so longes Borrower shall agree In writing to the payment of the obligation secured by such
<br /> I Ilon in p rnnnner pcceptablv to Lender,or shall in goad taith conteat auch Ilen by,or dofend enforcement o1 such Ilen in,legnl
<br /> � proCeadinge whlch operste to prevent the entorcement ot the Ilen or fortelture af the Prop9rty or any part thereof.
<br /> b. HOta�d Inturanc�.Borrowor Rhall keep the Improvements now exlsting or hereafler erected on the Proparty insured
<br /> nflninet loes by lire,heterda Included withln the term"extende�d aoverage".and such other ha=ards as Lende�may tequire
<br /> nnd in�such amounte end for such periods as Lender mey requlre;provided,thnt Lender ahall not reqwre thet the amount of �
<br /> such coverape exceed that nmount of coverege required to pay the sums securod by thie Deed of Trust. :� �
<br /> Thle IneuronCe CArrler providing the in9urance shall be chosen by Borrowor subjoct to epprovel by Lender:pr�wded,thet
<br /> nuch oppro��nl eh�ll not bo unreasonably withheld.All premwms on Inaurance pollcies shall be paid in the menner provided � '�
<br /> undor porRprnph Y horeof or,If not paid In such manner,by Horrower making payment,when due,directly to the msurence tl`
<br /> ctunor.
<br /> All ineurnnco policlos and renowels thereot shall be in form acceptable tn Lender and shall include a standard mortgage
<br /> clauno in Invor o}and In form uCCeptabla to Lender.Lender shell heve the nghtto hold the policias ond renewals thereof,end ; �
<br /> Horrqwer eht►II promptly furnlsh to Lenderell renewal notfces and all receipts o1 paid premiums.In the event of losa.Borrower � ... �
<br /> ��hnll qivo prompt notico to the insuranco carr�er and Lender.Lender may make proaf of loss if not made promptly by Borrower. � �
<br /> UnloaeLondornndBorrOwerothorwiseaflreeinwriting,insurance praceedsshelibeoppliedtorestoretionorrepafrolthe
<br /> Nroporly dumegod,provlded such reetoratlo�or repnir is econom�cally feasfble end the aecunty of this Deed of Truat is not •
<br /> Ihotoby imRAlrod.If 9uCh restoretion or repair Is not economically feasiDle or if the secunty ot this Deod ol Truat would be
<br /> impnuad,lhe innuranco proceedo shell be applied to the sums aecured by this Oeed of Truat,with the excoss,if any,paid to f�� •
<br /> 9orrowor.If tho Proporty fe abandoned by Borrower,or if Borrower fafls to respond to Lender w�thln 30 days from the dete %
<br /> nptico�tl mniled by L�ndor to Borrower thet the insurance carrier otters to settle a claim for msurence benefits.Lender is
<br /> nulhonzod to Collect end epply the insurence proceeds at Lender's option either to restoration or repa�r of the Property or lo • ,
<br /> tho sume nocurod by thls Doed ot Trust.
<br /> Unloee Londor nnd 8orrower otherw�se agree in writing,eny auch application o1 proceeds to pnncipal shall not extend or '• ',
<br /> poetpono tho dua data of tho monthly installments referred to in perag�flphs 1 and 2 hereol or change the emount of such ��„
<br /> metallmontn.If untlor parapraph 18 horoof the Proporty is ecqwred by l.ender,all nght,titlo and intorest of Borrower m end to ' �
<br /> nny inaurnnco pol:cio�t�nd In nnd to tho proceeds tl�ereof resulting from dflmeye to the Property pnor to the sala or acquisition
<br /> sn��ll pnnn to Lontlrn lo Iho oxtoM ot tha sums secured by thls Deen of Tnist immedietely prior to such salo or acouisit�on.
<br /> A• Prt��n�llon Rnd Malnt�n�nc�o1 Prop�rty;Leas�holds;Condominlumr Plenned UrtH Development�.Borrowor shau • ,
<br /> koop tlu�Prppoity in pood ropov�nd ahnll notcommit wasto or permlt impairment ol detenoratlon ot the Proporry and shall
<br /> comply with Ih�proviaiono�t�ny Iooso if Ihls Deod ol Trust is on a leasohold.If this Dee,U of Trust Is on a unit in a condomfmum
<br /> or n pinnnt�d ur�it d�volopmonl, Borrowor ahnll por}orm All of Borrowor's oblfgation�undor the decleratlon or covonunts �;
<br /> cr0atin4 or pvormnq tho�oncfomimum or pinnnod unit dovolopmont,tho byIt�ws and regulationo of the condominium or
<br /> ��Innno�uni4 dovnlopmonl,nnd oonetltuont documents.If a condominium or pinnned unit development nder fs excuted by
<br /> lqrrownr and rucordod tqpothor wrth thls Dead ot Truot,the covenants und ngreemonts of such rlder shall bo incorporatod
<br /> �nto mid nhnu nmmiH nnd nuppltrmont tho covonams and agreoments of thls Doad uf Trust as II tho nder wero e purt heraof. '
<br /> 1. Prof�ottan ot L�nd�r'�B�curity.If Borrowor fails lo portorm tho covenants and ngrooments conta�nod in this Deod of
<br /> 1ru�L or d nny UcUOn ur ptucotxiing ia commoncod wlth matorielly alt�c;ts Lender's Interost In tho Properly,including but not
<br /> I�mitod lo,umf�inntclom�ln,InAOlvoncy,Code enforcemont.orerrengementsorproceedings involving a benkrupt ordecedent.
<br /> Ihon Londor nl l.antlor'o option,upon notico to Oorrowur,mny meke such appearances,dfsburse such sums end take such
<br /> nCtlon ne i9 noCO9enry to protoct Londor's intorost,including,but not I Imitad to,disbursoment af roasonable attorney's fees and �
<br /> nnhy upun Iha prnpmty ro mnko ropmro.II LendQr roquired mortgago insurnnCO as a Condition ol mnk�ng tho lonn secured by
<br /> inc�(jpocl ol Trunl, Horrowt�r nhnll poy tho premwms required to maintain such insurence in ettect untd such time as the 'k
<br /> m�uuomnnitornue:hmnurnncotomm�ntas�nuccordanccrwlthBorrower'snndLondor'swnttonapr�ementorapphcalbelaw
<br /> .. 1lorrowor ahnll unv ttiu urnount ul n11 mortanan insurnnco oermiums in tha mnnnpr orrnidnd undor narnarnnh 2 heranl. _..
<br /> ] Niy mm�w�to�clloburocd I�y l.nndur purauant to this pareg raph 7, with interost thoreon, shall becoma additional `-
<br /> � �ncfobtoclnono cN llorrovior nr,curod by this Uoad of Trust.Unless Borrowor and Lendor�greo to othar turms of ptiymont,�uch
<br /> � amount�ohnll ba pil�nblo upon notico Irom Londor to Borrower requesting paymem hereo},and shell bear interest from the
<br /> doto ol cliohurou�non M U�o mto nnynblo Irom umo to hme on outstandmg pnnc�pal underthQ Note unless payment of interest
<br /> , ' ,�i uuch rntn wciuid bo r.ununry lo npphCnblo law, in which event SuCh emounts shell beer inferpst nt the highest rate
<br /> pi�rm�n�ibin unnor nppucnble�Inw NutFunqcanlnined m this puragraph 7 shall roquire Lenderto incur any exponseor teko any
<br /> { ��cUon I�ontunUnr .
<br /> . 0. Im�loCllpn.l undur nury mnku ur cnuno to bo mt�du rt�asonablo entnes upon and u�specuons of the Property,provided
<br /> � IhnlLe►idornhnllpivoHu����wurnuni:npnmtonnysuc•hinspQCUOnspecdyinqreasonablec:�usotherelorerel�tc�dtoLondar's
<br /> I intarost+n th�i{hupurty
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