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<br />88-
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<br />10589E
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment or Principal and Int.relt. Borrower shall promptly pay when due the principal of and interest on the
<br />~nn~e~~~~~ee~~:~i~~~~:~cbJr~hde ~O:~eP6':f:l:;;~~~~.d latBchargesas provided In the Note, and the principal oland Intereslon
<br />2. Fundi for Ta~...nd Inlurance. Subject to applicable law or toa wrlUen waiver by Lender, Borrower shall payla Lender
<br />on Iheday monthlv lnstallmenlsol principal and interest aTe payable under the Note, until the Note is paid In full, a sum (herein
<br />"Funds") equal to one-twelfth of the yearly taxes and assessments whIch may attain priority over this Deed of Trust, Bnd
<br />ground renls on l.he Property. If any, plusone.twelfth or yearly premium Installments for hazard insurance, plus one-twelfth of
<br />rearly premium mslallments for mortgage insurance, If any, all as reasonably eslimated Initially and from lime to time by
<br />ender on the basis of assessments and bllls and reasonal:)le estimates thereot.
<br />The Funds shall be held In an institution the deposits or accounts of which are Insured orguarBnteed, by a Federal or state
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<br />that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicalbe law requires such
<br />interest to be ~aid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to
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<br />Trust.
<br />It the amount of the funds held by Lender, together with the future monthly installments of Funds payable prior to the due
<br />dales of taxes. assessments, insurance premiums and ground rents, shalt exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be. at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly Installments of Funds. If the amount of the Funds held by
<br />Lender shall not be sufficient to pay taxes. assessments. Insurance premiums and ground rentsas they fall due. Borrower shall
<br />pay to Lender an)' amount necessary 10 make up the deficiency within 30 days from the date notice is mailed by Lender to
<br />Borrower requestmg payment thereof.
<br />Upon payment infull of atl sums secured by this Deed ofTrusl, Lendershall promptly refund to Borrowerany Funds held by
<br />Lender. II under paragraph 1 B hereof the Property is sold orthe Prope~ is otherwise acquired by Lender, Lender shall apply,
<br />no later than immediately p.riorto the sale ot the Property or its acquisition by Lender, and Funds held by Lender at the lime of
<br />application as a credit ag8mst the sums secured by this Deed of Trust.
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<br />paragrap~ 2 hereof, then to interest payable on the Note. then to the principal of the Note, and then to interest and principal on
<br />any Future Advances.
<br />4. Charg..; LIens. Borrowers ~hall pay all taxes, assessments and other charges, lines and impositions attributable to the
<br />Property which may attain a priority over ~his Deed of Trust, and leasehold payments or ground rents, If any, in the manner
<br />provided under paragraph 2 hereof or, if not paid In such manner, by Borrower making payment, when due, directly 10 the
<br />~ayee thereot. Borrower shall promptly furnish to Lender all notices at amounts due under this paragraph, and in the event
<br />B~~~~::~ :~:lll ~~~~tryaa~~h~r~i~e;~~'Ii~~r~~ich ~~:~rr~ri~~t~~:~~r~~e~'d ~1~~~~{~~~~~~v:~:t"~~~0~e~~g~y~gtn6~
<br />required to dlSC~argeany such lien so long as Borrower shall agree in writing to the paymentottheobllgatlon secured by such
<br />lien in a manner acceptable to Lender, or snail in good faith contest such li':3n by. or defend enforcement or such lien In, legal
<br />proceedings which operate to prevent the enforcement of the Jien or forlelture of the Property or any part thereof.
<br />5. Hazard In.urance, Borrower shall keep the Improvements now existing or hereafter erected on the Property Insured
<br />against loss by fire, hazards Included within the term "extended coverage". and such other hazards as Lender may require
<br />:~~~nc~~~~a~~~~~~e~nt~~~~~;~n~~~i~ge:r~~:~~~~~:J [;~~~~h~r~~~:~~~~:eLcr~~~hrshg~~3~r~r~~! that the amounl of
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<br />und~r paragraph 2 hereof or, it not paid in such manner, by Borrower making payment, when due, directly to the Insurance
<br />carner.
<br />All insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage
<br />clause In favor of and in form acceptable to Lender. Lender shall have the rightto hold the policies and renewals thereof, and
<br />Borrower shall promptly furnish to Lender all renewal notices and all receipts or paid premiums. In the event of loss. Borrower
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<br />sha~~li~:tL~~J~~~~IJ~~:~;~nrs~~~n~~;ea~~~~:rnd ;~n~~~i;:~r~':Jc~~~:J1c~~~~h~lf~~:~~lreoJ ~~~:t~~~Wt~I~~;e:~f:~H~~
<br />Property damaged, provided suc~ restoration or repair is economically feasIble and the security of this Deed of Trust Is not
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<br />~~~:i~~~~~:i{;~~~~~~~~;~~~~~l~~~r ~:Paa~~1:'e~~~ ~~~~~~~:~~~~:~ig~el~i~ib~:d s:F~i~~t~~fr~~~e:~C~~~,ri~~~~,a~~~ ~~
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<br />~gtl~e~:r ~~:~~ ~r:E:~~~ rob~~~~on:~r ~~a~hr~r:,;~r~ni~~~~~~~W:~s t?or::~r:J1~ ~?ar~nf~~~~I~~~"n~~ g:~~li~~~L~~~~~~~
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<br />~~~~~~~~~~~~eg~ ~~~ cg'~~~? ~~~~.:ance proceeds at Lender's option either to restoration or repair of the Property or to
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<br />Unless Lender and Borrower otherwise agree in writing, anv such application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly Installments referred to In paragraphs 1 and 2 hereol or change the amount of such
<br />Installments. If under paraaraPh 1 B hereof the Property is acquired by Lender. all riihht, title and interest of Borrower in and to
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<br />:~~I\n:::~gt~~~~~et~ ~~e i~x~~~tt~ftr~:~~~ese~:~~=o~:~~~~t~~~~o~ ~~~~rr:;~~d~rel~pp~~ ~g~~t~~~~~:~ro~ca~~~:~~~n
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<br />kee~ t~~e~~rv:~~na:~0~8r:-~:?rB~nc3 :~~t~~~~~~~~~.:=~::~ir~~~~~trr~~~~~:~~~r::t~r~~tr~11~~I~rt~:~~o~~:t"a:'BJ :~:ll
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<br />comply with I~e provisions of any lease Uthis Deed of Trustls on a leasehold. If this Deed orTrust ison a unitin a condominium
<br />or a planned unit development, Borrower shall perform all of Borrower's obligations unde: the declaration or covenants
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<br />cr:~~~9 ~~R~~~~~~~~~t~~~~~~~~~t~e~t ~1~~~~~Xt~~t I~:~~~~~~r~i~~ ~lp\:~~e~ne~~~~I~~il~~~~fnr~d~~~~~~~~it~~ ~;
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<br />~orrower and recorded together with this Deed of Trust. the covenants an~ agreements of such nder shall be incorporated
<br />mlo and shall amend and supplement the covenants and agreements 01 thiS Deed 01 Trusl as il the rider were a part hereof.
<br />7. ProtecUon 01 Lender's Security-.lr Borrower fails to perlorm the covenants and agreements conlained in this Deed or
<br />Trust or if any action or proceeding is commenced with materially affects Lender's interest in the Properly, Including but not
<br />limited to, emmentdomaln, insolvency. caele enforcement, or arrangements or proceedings involving a bankrupt ordecedent,
<br />1hen Lender at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums and take such
<br />action as is necessary to protect Lender's IntereSl, includ:n~, but not limited to. disbursement of reasonable aUorney's fees and
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<br />rhn~~~~~"orf~~lP~~~~~~~~~ftPpa~~si~;~~~~~~~~u~~equ'j;~~g~~r~~r~~~~~si~;~r~~~~~no~W:~tl~~m~~ca~ ~~~U~~d. ~~
<br />requirement for such insurance terminates in accordance with Borrower's and Lender's writtena9reementor apClicalbe la.......
<br />BorA~~e~~~~~rsaYd~~~u~~:Jn~yot~~~e~rtg~~seu~n:tu~~n~~te~~UiaSpi~ ~e ;j:hnr~~~~~:i8,~dr~;n, e~~~~ag~~~e h:d~monal
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<br />mdebtednessof Borrower secured by this Deed of Trust. Un~ss Rorrowerand Lender agree to other terms of payment. such
<br />amounts shall be payable upon nolice trom Lender to Borrower requesting payment hereol, and shall bear Interest trom the
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<br />~r~u~fhd.~~~~r~~~~n~~t ~~;t~~~~6a:I;:i~a~lt~rr::~~ ~~~~lc~u~~t:~td~~~hr~n~6:~~n~~~~lhb::a~lrn~~:::: ~rr~e~}~~~~\e~:~
<br />permiSSIble under applicable law. Not~lng contained in this paragraph 7 shall require Lender 10 incur any expense or take any
<br />action hereunder
<br />II. In.pecllon. Lender may make or cause 10 bE! made reasonable entries upon and lOspectlons of the Property, provided
<br />that Lender shall give Borrower notice prior to any such Inspection specifYing reasonable cause lherelore related to Lendar's
<br />Inter8s1 In 1he Property
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