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RAMON PENN'l. 200206984 06)28/2002
<br />UNIFORM COVENANTS. Borrower and Lrndcr wvenunt end ague ere follows-
<br />1. Payment of Principal and Interest. Borrower shell promptly pay when due the principal and interest
<br />indebtedness evidenced by the Nme end Tale chafes as provided In die Nue.
<br />2. Fonds for Taxes and Insurance. Subject an applicable law or a written waiver by Lender, Borrower shall Favor
<br />Lender on the day Salary payments of principal and interest are payable under the Note, until the Note is paid in fall, a
<br />sum (herein "Funds') equal to m eavoldin of the yearly taxes end assosmens (including eoadomlnlum Lard planned unit
<br />developmcno essosmens, if any) which may atxin priority over this Decd of Treat, and ground rents on the Property, if
<br />any, plus one twelfth of yearly Arend= installments for Faced Summtz, plus ondtwelfth of yearly premium installments
<br />for istaitgage Insurance, if any. all as reasonably estimated initially and from time to time by Lender on file basis of
<br />assessments and hil Is and reasonable sentence, driver. Borrower shell not be obligated to make such payments of Funds
<br />to Leader to the extent that Borrower Juakerss such hospices to the holder of a prior Juorrgage of deed of trust if such holder
<br />Is a n -nsdmnenel leader.
<br />If Borrower pays Funds to Lender, the Fonds shall be held in an institution the deposits or acwums of which Lire
<br />urcd or guarnmeed by a Federal or state agency (including Lender if Leads is Such an attracted). Lender shall apply
<br />the Finds to page said susess, disconnects ce pronfromy and groped retire . Under y not charge for so holding and
<br />applying the Funds analyzing Said resonant or versifying and screening said assessments and bills, unless Leader pays
<br />Borrower ingest on the Funds and applicable law permits Lender or make such a charge. Borrower and Under may agree
<br />evening at the time of eircl of this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless
<br />soon imt ch agreement is made or applicable law requite such interest to he Paid, lender shill nor be required to pay Borrower
<br />tiny interest or earnings on the Funds. Lender shad give to Borrower, without charge, an annual occurring of the Funds
<br />Stowing credits and debits to the Funds tend the purpose for which each debit to the Funds was mado no Inner are
<br />pledged as additional security for tine sums respond by this Deed of "I'rest.
<br />If the mooing of the Ponds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assrnnmens, insurance premiums and ground rents, shall excad the arnount required to pay said
<br />taxes, aasesemems, insurance premiums and ground rent as they fall due, such excess shall be, at Borrower's option,
<br />tither pmntpdy repaid to Borrower or credited to Botrowes on monthly installments of Fads. If the rnonmt of the Funds
<br />held by Lender shall nor be sufficient to pay axes. restrictions, IlImpeme premiums and ground cents as they fell due,
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender may
<br />require
<br />Upon payment in full of At sums secured by his Dcetl of Trost, Lender shall promptly rotund to Borrower any Funds
<br />held by Leader. If Under paragraph I I hereof the Property Is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later [ben inunednamly prior m the sale of the nitrate or its acquisition by Leader, any Funds held by
<br />Leader at the time of application as a credit against the dunes secured by this Deed f Ip ar,
<br />3. Application of Pay IS L liters applicable law provides cache ise, ll payments reprised by Lender under the
<br />Note arid paragraphs 1 'and 2 hereof shall he applied by Lender first in payment of carmants payable to Lander by Borrower
<br />order paragraph 2 hereof, then to interest Payable on the Note, and then to the principal of the Note.
<br />4. Prior Mortgages Brands of 'Trust; Charges; Liens. Borrower shall perform all of Borrower's obligations
<br />order a managing, deed tof trust or other security ygreunent with a lien which lets priority over this Deed of Trust,
<br />including Borrower' v covenants to make payments what due. Borrower shall pay or cause to be paid all taxes, assessments
<br />and other charges, fines and impositions attributable to the Property which any auxin a priority over this Deed of Trost,
<br />and leasehold payments or ground rents, if any
<br />5. Hazard insurance. Borrower shall keep life improvements now existing or hereafter created on the Propcny
<br />insured against loss by fire, hazards included within rte term 'extended swerage", and such other hazards as Lender may
<br />require and in such reaches a i or such pereds as Canter may require.
<br />'Idle insurance corner providing the insurance shell be chosen by Borrower subject m approval by Lender; providei
<br />that such approval shall not ho mueasonably withheld. All insurance policies and remewely thereof shall be in a form
<br />acceptable to Iznder and shall include a rea dafd mortgage clause in favor of and in a form acceptable to Lender. Lender
<br />shall have the fight to hold the policies and rcpewnls thereof, subject to the tents of any tmngsgn deed of mnsl or other
<br />Security agreement with a lien which has priority over this Deed ho rust. e carrier and Lender. lender may make proof
<br />e In the event of less, Borrower shall give prompt notice to
<br />of ON if not made promptly by Borrower.
<br />If fhc property is abandoned by Borrower, or if Borrower fails to mspond to Icndcr within 30 days from the date
<br />notice is mailed by Lender to Borrower that Like insurance carrier offers to settle u claim for insurance be inn, Lender is
<br />authorised to collect and apply the insurance proceeds or Lender's option either to restoration or repair of the Property or
<br />to the sums severed by this DeW of Trust.
<br />h. Preeervatlon and Maintenance of property, Leaseholds; Condominiums; Plumed Unit Developments .
<br />Bar r Ovear trdl keep the Property in good repair and Strait Pot repair wade or Per""' corporation or deterioration Of this
<br />F'operrry and shall ply hit the p I' y 1 it this Deed of Total lenses Id It this Decd of I' .
<br />on a
<br />mil In a condensation or a plane unit development, Borrower shall perform all of Born s obligation' ci t�me
<br />dcdaraGmh or mvmamv creating or governing the mndomivipm or planned unit dcvelopnnent, the by laws and regulations
<br />of the condominium or planned unit development, and constituent documents.
<br />7. Nntectlon of Lender's Seegily. If Borrower fails to perform the eweamts and agreements contained in this
<br />Deed of'Last, or if my action or proceeding is accoutered whiJt mentally minor Lender's margin in the Progeny, then
<br />loader, of [xinder s notice, poi notice is Brabrevic, day mind such appearances, disburse 1 sums 'I d'mg
<br />inimitable attorneys lets, and take Such action as is reaboarY In protect L de' interest. If Under required mortgage
<br />w as e condition of andow g flit h m secured by this Deed of Trial Borrower shall Pay the Pr mums m(proci to
<br />e nnin such insurance it effort until such time IS the requirement tot such insurance remamfou in accord plea with
<br />For aweT s mad Lender a written agreement or applicable law
<br />shell become
<br />Arty toms either d by Linde' p r t this p a aph 7, with - interest d eo I tire Note rot
<br />additional insubordinate of Borrower reduced by this Deed Of Trust. Unless Borrower and Under gree to olled tents of
<br />pothent, such zmrato shall he payable upon notice from Lender rot Bomhwer requcsfng payment dtermL Nothing
<br />contained In this paragraph ]shall require Lender to iron, any expepse or peke any anion hereunder.
<br />I. Inspection. Leader Jury make Or cause to be made reasonable entries upon and inspections of the Property,
<br />provided that Lender shall give Borrower notice prior to my such inspection specifying reasonable cause therefor related to
<br />Lender's interest in the Raperty,
<br />Ncrasks 2667G> 1 195 Original(Recrrdat Copy Usraneh) Copy(CUCtomer) Page 2 Of
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