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<br />88-104985
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. P.,....., 01 PrinciPII .nd Inl_l. Borrower sholl promplly psy whan dus Ihe principal of and Inlarasl on Iha
<br />~nn~e~~~~:~~~~~g::,"Jrl::ta ~yO~ifb~gJ'!f'':'~~d lala charges ss provided In the Nola, and the prlnclpsl 01 snd Inlerast on
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<br />on t~'a~~~.:~J~~.:.::::~~~~~~rri~I~~\"a"~~~~fe~:~~:'~~~:bl::'~n~~~::'~'N~r:.rJ'lU~rhned~~I~~r~3r~~I~~~~~e.:'r~f~
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<br />"Funds"} equal 10 one.twelhh or the yearly taxes and assessments which may attain prlori~ over this Deed of Trust. and
<br />ground rents on Ihe Property," any, plus ans-lWelfth of yearly premium Inslallmsnts for hazard Insurance. plus one.lWalfth of
<br />yearly premium Installments for mortgage Insuranca, If any. sll as rassonably asUmslsd InlUslly sod tram lima to lima by
<br />Lender on the basis or assessments and bills and reasonatlle estimates thereof.
<br />The Funds shall be held In an l"sUlullon the deposits or accounts of which BrB Insured or guaranteed. by 8 Federal or state
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<br />fngs~';itJ~ng~~;:.~~~~e~~uL~3:~~~ ~nC:e~~~S~~~~~~~g;~~~:~ ~~~:nr:ff~~ ~~epl~i~~S~~ f~XdS;:~dn:::I~g8:a~a::~~~i
<br />~~:~~~~~~t~O:t~~~~~~ :~~::."B6r;,~:~~:~~s~~~:~:~~~rr:Y~:i~~;:trt~~~~~gre~~~16~8Q'r:!I:=~I~~:;
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<br />~at interest on the Funds shall be paid to Borrower, and unless such agreement Is made or appllcaibe law requlrelluch
<br />IOterest to be ~aid. Lender shall not be required to ~y Borrower any interest or earnings on the Funds. Lender shall give to
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<br />~~~~~-:c~~egi~~g~~~~~dnS ~~~~a~dc.;.~~t~9n~f~~~:~~~~~:~nJldft~~~'f S~~~~~fl~~:~~~~~~"s~~~~ ~~&~~ri'::J~~
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<br />Trust
<br />If the amount of the funds held by Lender, togetherwllh the future monthly installments of Funds payable prior to the due
<br />dales of taxes, assessments, insurance premiums and ground rents. shall exceed the amount required to pay said taxes,
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<br />a~=~~tsal3~~~~~~~~~~u~~~,: V~o~~~or;~~so~S~~~{h'I~I~n~~:il~~~S e,:,c~~~ds~~rt~:'a~o~ri[~r:~s Fc:fn~~nh~~h:r
<br />eender shalf not be sufficient to pay taxes, assessments, insurance premiums and wound rents as they fall due. Borrower sha~
<br />~~w';.nr:'~:~~n~m~uy~~~::,~~~ to make u: the deficiency within 30 days rom the date notice is mailed by Lender 10
<br />Upon paymen1 in full of all sums secured by thiS Deed of Trust lendershBII promptly refund to Borrower any Funds held by
<br />lender. If under paragraph '8 hereof the prope~ is sold orthe prope~ IS otherwise acquired by Lender, Lender shall apply,
<br />~g~~:ti~~na~mBmc~Ji~e~~~r~~~ ~~~h:u~~e:d~~edr~~~~ ~~ agf~:~~lon by lender, and Funds held by Lender Btthe time of
<br />and3Pa~:~5Dr :~:~'h:'S~~llle~ :~~llil;g~~ L~~J~~~:~ITn o~~:~~ror~~~t,;:~n~;:~T~lIt~;t~~~~g~r~~~:~~~~g~~
<br />paragrap~ 2 hereol, then to Inlerest payable on the Note, then 10 the principal of the Note, and then to interest and principal on
<br />any Future AdwanCBl.
<br />.t. Ch.rgeai u.n., Borrowers shall pay all talCes, assessments and other charges, lines and impositions anributable to the
<br />::ge:d~ ~~~~~ :r~::'~~ ~ ~~~::o~ ~~~f ~~~ p~j~nO~Jct:~:~~e~~~~~~~t:::n:~~no~ g~~~n:nl~~e~ ~~~', ~i::U~~~:~
<br />~yee therEtOt. Borrower shall promptly lurnish to Lender all notices of amounts due un~r this paragraph. and In the event
<br />Bo~~:: :~:IIII ~g~~~ya~~~~~r~~e;~l:-li:r~~fc~ ~~:~rr~~~~~~:~~r~S8~ ~~'T~~~:;~~:e3.":g:t"~~o~e~hs~lr~:tn:;
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<br />required to dlSC~arge any such lien 90 long as Borrower shall agree in writing to the payment of the obligation secured by such
<br />lien in a manner acceptable to Lender, or shall In good faith contest such lien by, or defend enforcement of such lien In,legsl
<br />proceedings which operata to prevent the enforcement of the lien or forfeiture of the Property or any par1thereof.
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<br />aga~ns~=sr:~'~~~~:CZ:~:[~6r'udr,;r::~~e~~:::f!.~Ox~:~:e"dt5c~~:r:~~~~~grs~~~~~;re~:~~~~stt:~d~~~ I~:~~
<br />:~g~~~~~~:~~~~nt~~i~~;~n~t~::r~~:~~~~:J :~~';i,~~~~~:~:.;rb~~~~hO~'o'f~~~ that the amount 0'
<br />suc1h~~~n~~~~~:1~6~:f~~::~~~~I~n;~tha~e~~.s~11~~ee~~~:~~rn~~~~:r~~~~t ~~:ffg~~::~rr.L3a~d~~~~~:I:::/j~h:J
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<br />under paragraph 2 hereof or, it not paId In such manr-er, by Borrower making payment, when due. directly to the Insurance
<br />carrier.
<br />All insurance policies and renewals thereot shall be in form acceptable to lender and shall Include B standard mortgage
<br />clause in favor of and in form scceptable to Lender. Lender shall hsve the right to hold the policies and renewals thereof. and
<br />Borrower shall prompUy furnish 10 lender all renewal notIces and 811 receipts of paid premiums. In theeventor loBS. Borrower
<br />shall give promcf.t notice 10 lhe insurance carrier and Lender . lender may make proof or loss if n01 made prompUy by Borrower.
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<br />Pro~~~~g~~~:;:;~w:~g~~:~~:I~Jlri: I;;,~~~~r~:~~;:;:j~~:~=~:~~~ ~ea~I~~o :~~1>':d o~l",:~~r~~o';
<br />~~~~~~:::r::OII~~;~;=~~~a':r 6:~~~:red~~ ;~~~:~c:~~~=~~et~{911::r:?~~~lo~~~~r:::c~:.r,11:n~::~?d ~
<br />:~g:i:r~~W~ ~~E:~~; :Oba~~o~':r ~a~r;~r'n~~:::ni~~~~:~~~:S 'ror:": ~ra~n,~~i~~~"n~ g:~e:i:~L:n~~~l:
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<br />~th::~~ s::~~~ aJ:~ = '::ri~~{~t'jce proceeds at Lender's option either to restoration or repair at the Property or to
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<br />Unless lender and Borrower otherwise agree;;", writio~. any such applIcation of proceeds 10 prlrcipal shall n01 extend or
<br />postpone the due date 0' the monthly installments ro;~rred \..") In paragraphs' and 2 hereol or ch!:tnge the amount of such
<br />Installments. II under paragraph 1 B hereof the P""-.JP8ny is ~cQliIred by lender. all right, titie and interest 01 Borrower in and to
<br />any insurance policies and in and to the proceeds thereof T8SIJlting from dama\Je to the Property prior to the sale or acquisition
<br />shall pass to Lender to the extent of the sums secured by this I)..'ed of Trust Immediately prior to such sale or acqUisition.
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<br />kee~~~~~n.=~:=-:;3:~~~~=::::~r~~==~~~r=t~~r~.:~=::::n"J:~:11
<br />comp1r. witn 3: provisions of any lease if this Deed ofTrustis on a lea&'lho~.1I this Deed olTrust is on a unit in a condominium
<br />or a panned uni1 development, Borrower shall perform all 01 Borrow~r's obligations under the declaration or covenants
<br />creating or ~overning the condominium or planned unit development th:\ by.law5 and regulations of the condominium or
<br />planned unit development, and constituent documents. II a Ciondominium \.'r planned unit development rider is excuted by
<br />Borrower and recorded togethBf' with this Deed of Trust, the covenants and b!lreements 01 !Ouch nder shall be incorporated
<br />Into and shall amend and supplement the covenants and agreements of this ~'ed of Trust as If the rider were a part hereof.
<br />7. ProtKIIon 01 Lender'. Securtty, It Borrower 'ails to perlorm the cowenanb and agreements contained In this Deed of
<br />Trust. or if an)' action or procHdlng is commenced with materially affects Lender'!!. Interest in the Property, including but not
<br />limited to.emlnent dOmaJn, insolvency, code enforcement. or armngementsor prOC8\.'dings Involving a bankrupt ord8cedent,
<br />then lender at Lenders option, upon nolice to Borrower, may make such appearanC\.'6, disburse such sums and take such
<br />action as is necessary to protect Lender's Interest, Including, but not limited 10, dlsbursem'Hlt ot reasonable attorney's tees and
<br />entry upon the Property to make repairs. If Lender required mortgage Insurance asa conc.1Uon of making the loan secured by
<br />the Deed 01 Trust. Boirower shall pay the premiums required 10 maintain such insuranc.:'! in effect until such lime as the
<br />=:m~r:r::=~':~~~~r::li:~~~~=~~u:m~~ner'U:ea:::~~~:;~vr~"~~9:::e:,e:t~1ff:-=.law.
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<br />An>>, amounts diabursed by Lender pursuant to this paragraph 7, with interest therec,." shall eme additional
<br />indebtedneuot Bo"ower~ured by this Deed of Trull Unless Borrowerand lender agree to o\o"'erterms of payment, such
<br />amounts shall be ~yable upon notice trom Lender to Borrower requesting payment hereol, and st.'lI11 bear interest 'rom the
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<br />=::"di==;~~n':::-rn~a:p~~~~"1:~~ ~~:'~rc~u:':~:'u~~r~~~~~~n~~~:r~~~tfn~~::r ~ft,~e~:;~:\e~:~
<br />permissible under applicable law. ~Ing contained in this paragraph 7 shall require Lender to incur any ea~nse or take an)'
<br />eclion hereundef
<br />1ha~~~;;L8-;o~~:r~~~~~~:pc;ro~~~On~~~~~~~~~b~~c~~II~~ ~:~o~~~:~~~O~::::f~~: ~~I~~~O t~c;,"'Jg~
<br />Interea1.n the Ptopet"tV
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