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<br />200600299
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<br />DOC ID #: 00012383096801006
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all casements,
<br />rights, appurtenances and rent,> (subject however to the rights and authorities given herein to Lender to collect
<br />and apply such rents), all of which shall be deemed to be and remain a part of the property covered by this
<br />Deed of Trust; and all of the foregoing, together with said property (or the leasehold estate if this Deed of
<br />Trust is on a leasehold) are hereinafter referred to as the "Property";
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated
<br />JANUARY 06, 2006 and extensions and renewals thereof (herein "Note"), in the principal sum
<br />of U.S. $ 18, 000.00 , with interest thereon, providing for monthly installment,> of principal and
<br />principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable on
<br />FEBRUARY 01, 2021 ; the payment of all other sums, with interest thereon, advanced in accordance
<br />herewith to protect the security of this Deed of Trust; and the performance of the covenants and agreements of
<br />Borrower herein contained.
<br />Borrower covenants that Borrower is lawfully seised of the estatc hereby conveyed and has the right to
<br />grant and convey the Property, and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower covenants that Borrower warrants and will defend genemlly the title to the Property against all
<br />claims and demands, subject to encumbrances of record.
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest
<br />indebtedness evidenced by the Note and late charges as provided in the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or a written waivcr by Lender, Borrower
<br />shall pay to Lender on the day monthly payment'> of principal and interest are payable under the Note, until
<br />the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments
<br />(including condominium and planned unit development a,>sessments, if any) which may attain priority over
<br />this Deed of Trust, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments
<br />for hazard insurance, plus one-twelfth of yearly premium installments for mortgage insurance, if any, all as
<br />reasonably estimated initially and from time to time by Lender on the basis of a,>sessment,> and bills and
<br />reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds to Lender to
<br />the extent that Borrower makes such payment'> to the holder of a prior mortgage or deed of trust if such holder
<br />is an institutional lender.
<br />If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of
<br />which are insured or guaranteed by a federal or state agency (including Lender if Lender is such an
<br />institution). Lender shall apply the Funds to pay said taxes, a,>sessment,>, insurance premiums and ground
<br />rents. Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and
<br />compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of
<br />this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
<br />applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or
<br />earnings on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds
<br />showing credit,> and debits to the Funds and the purpose for which each debit to the Funds was made. The
<br />Funds arc pledged a,> additional security for the sums secured by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds
<br />payable prior to the due dates of taxes, assessments, insurance premiums and ground rent,>, shall exceed the
<br />amount required to pay said taxes, assessments, insumnce premiums and ground rents as they fall due, such
<br />excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />installment,> of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes,
<br />assessments, insurance premiums and ground rents a,> they fall due, Borrower shall pay to Lender any amount
<br />necessary to make up the deficiency in one or more payments a,> Lender may require.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to
<br />Borrower any Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Property is
<br />otherwise acquired by Lender, Lender shall apply, no later than immediately prior to the sale of the Property
<br />or its acquisition by Lender, any Funds held by Lender at the time of application as a credit against the sums
<br />secured by this Deed of Trust.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender
<br />under the Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable
<br />to Lender by Borrower under paragraph 2 hereof, then to interest payable on the Note, and then to the
<br />principal of the Note.
<br />4. Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perform all of Borrower's
<br />obligations under any mortgage, deed of trust or other security agreement with a lien which has priority over
<br />this Deed of Trust, including Borrower's covenants to make payments when due. Borrower shall payor cause
<br />to be paid all taxes, assessments and other charges, fines and impositions attributable to the Property which
<br />may attain a priority over this Deed of Trust, and leasehold payments or ground rent,>, if any.
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<br /><IIi.-76(NE) (0407) CHL (08/04)
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<br />InltlaIS:~'
<br />Form 3828
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