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<br />UNIFORM COVENANTS, Sorrowe' and Lender covenant end agree ae follows: <br />1. Plymlnl 01 PrIncipII and Inl.'"L Borrower shall promptly pay when due the principal of and Intereet on the <br />~n~e~~~~ee~~~:~:~;=~J~~e ~yO:~ePb~::;e.r..~~~d late chargesas provided In the NOle,and the principal of and Interest on <br /> <br />on I~'e ~~~~J~J~f:t:~~~nn~:~t~r,;~~~l~c~d~~~~~:~: ~~~~bl~~n'd~~rhr;, 'N~~:.rub,itl~rhned~~t~~~r~:r31~r~:~~~::: ~~~r~?~ <br />"Funds") equal 10 one.twelfth of Ihe yeerly tlxes and assessments which mey analn priority over Ihls Deed or Trust, and <br />ground 'enls on the Property, If any, plus one.twelfth ofxearly premium Inslallments lor hlzard Insurance, plus one.twelfth 0' <br />r~~~~f~~':'~~~~~rs~J~:~~~J~e~g':,9n"JIgllll~s~~~nr~:"~~~~ea~~~~~r::~~:~~f~stlmated Inltlllly and 'rom time to time by <br />The Fundsshall be held In an institution the deposits or accounts of which are insured or guaranteed, by a Federal or state <br />rngs~~~J~~:~~~~'s~~e~r~uL~2~:~t~~ C:;:e~ri,~~S~~~~~~~g;~g~:~ I~~~:n':~~~ ~hpepr~,~~~~~ f~Xd~~~~~;:I~':::I~S:~~~~i <br />g~~~~~Lr;,~~~~I~O:.1'~~~~~~I~ ~~:~::."B~~~~~~~ ~~~sL~~~:;~:~~~~~:Y~ :1\r~;:it~~~r~~~r~~:tu~I~~so'\1\\:r=:J~:~~ <br /> <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 10 pay Borrower any Interest or earnings on the Funds: Lender shall give to <br /> <br />:~7c:~~~c~~e~j~~;rha~~~nBdn9 ~~~~a~C;~~W9n':I~~~:~~~~~~~~Jldftr~~:r :~~~~ fl~~ :~~~~~~~~~~~:dt~~rh~~rf::J~. <br /> <br />Trust <br />If the amounl of the 'unds held by Lender, together with Ihe future monlhly installmants 0' Funds payable prior to the due <br />deles of taxes, essessments, Insurance premiums and ground renls, shall exceed Ihe amount required 10 pay said taxee, <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 />Lendershall not be sufficient to pay taxes. assessments, insurance premiums and ground renlsas they fall due. Borrower shall <br />pay 10 Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed by Lender to <br />Borrower requesting payment thereof. <br />Upon peymenlln 'ull of ell sums secured by Ihls Deed of Trust, Lendershall p'omplly refund 10 Borrowe, any Funds held by <br />Lender. If under peragraph 18 hereof the prope~ is sold orlhe Property isolherwlse acquired by Lende" Lendershall apply, <br /> <br />~~~~~~t1~~na~mamc~~~~e~~gl~~~ ~~~h:u:~e~f~~~edrg~~~ cg~~sd a~f~:~~ton by Lender, and Funds held by Lender at the time of <br /> <br /> <br />anlpa~P:~C:~~Of :~:~'h~~~~~~llr~: :~~U~~~I: L:~J:~~;~ITn o~~:~~ro;~~~~~~n~~~:~j~Vt~t~h~~g;~~~:~~~~~g~~ <br />paragrap~ 2 hereof, then to interest payable on the Note, then to the principal of the Note, and then to interestand principal on <br />any Future Advances. <br />4. Charges; Uenl. Borrowers shall pay all taxes, assessments and other charges, fines and impositions attributable to the <br />P,operty which meyattain.a p,lority over this Deed of Trust. and leesehold payments or ground rents, If any, In the mlnner <br />provided under paragraph 2 hereof or. if not paid In such manner, by Borrower making payment, when due, dlrecUy to the <br />gayee thereof, Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event <br />B~~~~::~ :~:llll ":6~~tfya~~6h~~~e~~I:'II:~r~~rCh :;~:~rf~~~~t~~:~h~~~ ~1T~~~;~~~~~~.v:~:t"B~~~o~~~h9~:IYricir:e <br /> <br />,equlred 10 dlSc~argeany such lien so long as Borrower shalleg,ee In wriling to the paymentoflha obligation secured by such <br />lien In a mlnner acceptable to Lender, or shIll In good ralth contest such lien by, or defand enforcemenl at such lien In, legel <br />proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof. <br /> <br />aga~ns~::s1:~:~~~~~:r9~r~~~~~~h:l~~I~~~~ht:::ri~~~~:~de:dSc~~:r:~~l~~~~rs~~~~r~;re~:~~~:~s"(:~J~f::,~i~eS~J~~ <br />:~~~~~~~~B~~~~~~~nt~~~~~;~n~~~I~~~:r~~:~~~~fr1:J [~~~~~h~r~~~:~~~~:eL:~~~~r9hg~~gt,;,e~~J~ that the amount of <br />suc~h~:~~~~~~~:ff~~~t;:~~~~~~g~~~l~n~itha~~~,srlf~~~~~:g~rn~~~~~:rp~~~i~~1 ~~:Rg~~:I~rn Lt~~d~~~ri~~i~r~~I~e~ <br />under peragraph 2 he,eof or, If not paid in such menner, by Borrower making payment, when due, dlreclly to the insurance <br />carrier. <br />cla~~~r~~~~;~,~~I~ci~~o~~d ;~~::.:~~~~r~~~J:~ll~~~~:~h~lr~;~~~~~I~~~h~n~~d ~g~ s~ft~I~;~~~er:ri~~:~~::;~gP':~~ <br /> <br />Borrower shall promptly furnish to lender all renewal notices and all receipts of paid premrums,ln the event of loss. Borrower <br />shall give promJ:lnotlceto the Insurance carrier and Lender. Lender may make proof of loss If not made promptly by Borrower. <br /> <br />pro~~~~~:;:'ag~J.~~~d~d:~g~~:~~~~:lfg~"o~ Irr;,~~\~rsgel~~~~':::I~:f1:~;::I~f:~~~ ~~ea~~~I~~~O ~r~~~~~ori,'~r~~rf:~o~ <br /> <br />thereby impaired. If such restoration or repair is not economically feasible or if the security of fhls Deed of Trust would be <br />impaired, the Insurance proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, if any, paid to <br /> <br />~gfl~e"'i:r~~1~~ ~:E:~~~ ~~~~~on:~r ~~a~t[:~~~:nl~:~~:M~~~W~I;s tfor::~;:~ ~fa~~nf~~~~l~~~"n: g:~~N~~~L~~~~~: <br />~hu~hs~r~:~~~~~eg~ ~~~ 'tf~~ ~ri~~~~ance proceeds at Lender's option either to restoration or repair of the Property or to <br />Unless Lender and Borrower otherwise agree In writing, any' such application of proceeds to principal shall not extend or <br />r,,~~(~:n~~l~~~d~~~a~~ tt:p~~~~llr~~~~:W~s ~~el~~~~~i~~~t~ae::'~~~. ~If~d h2t, ~i~l~e~~~)~~~~~~:~~~~~~~~~~~~~ <br />any Insurance policies an~ln and tothe proceedsfhereof resulting from damaQetothe Property priorto Ihesaleor acquisition <br />shell pass to Lender 10 the extenl 0' the sums secured by Ihls Deed of Trusl Immedlalely prior to euch sale or acquisition. <br />kee~ '~~~orv:~7na~~:~~~:~ea"':=d':~~I~~~~~~~ta;~~::~r~~~~Wl'~~~~:~r~r~t~~~lr~t~~~lgrt'l::':>~o~i:to:n"J:~::: <br /> <br />comply with t~eprovlSlons of any lease it this Deed 01 Trustison a leasehold.lfthis Deed ofTrustlson a unit In a condominium <br />or a planned unit development, Borrower shall perform all of Borrower's obllgatlons under the declaration or covenants <br />creating or governing the condominium or planned unit development, the by-laws and regulations of the condominium or <br />&Ianned unit development, and constituent documents. 11 a condominium or olanned unit develorcmenl rider is excuted b~ <br /> <br />in~;:~;:d~~~g ~:;,ce"~g~~~~~~?~~~~1 \~: ~~:~n~~T~~~~I~~r~~~~~I~~rih~sa8~:ar:;n~~~: :~f,~~~~~~~~~~: ~n~~rf~:~~~ <br />7. P,olecllon 01 Lende,'. Securlly. If Borrower falls to perfo'm the covenanls and agreaments contained In this Deed of <br />~~ir~~~i.fea~rn:~~~g~~r~~~:~I~~d;, ~~~::n1~~e~~~r~:~~~~g~~~~~~~g~~~~~T~~~ti~V~:i~~f~~k~~~lro~i~~~eUJ~g~ <br /> <br />then lender at Lender's option. upon notice 10 Borrower, may make such appearances, disburse such sums and lake such <br />action as is necessary to protect Lender's interest, inclUdinJJ' but not limited to, dlsbursemenl of reasonable attorney's fees and <br /> <br />~hn~~~:~~~r~~'t.P30rIJ~~:~~~~~p:~~s~;;~:~I~~C;U~~qu7::~g,::~r,,~r~~~~~9i~;~ia~~i~~nO~W:~:~~~~~~~ ~~~U~~t~~ <br />=;:.e;~~?tr~~~:::~~~~~~r ~~r~W~~~~g~CI~~~~~~:~:~.,El~~~f"~"~~~~~~~~;v'i'J~~~~9~~~:'..nl:'a~~P~~~:o',law, <br /> <br />Any amounts disbursed by Lender p'ursuant to this paragraph 7. with interest Ihereon, shall ~come additional <br />indebtedneu of Borrower secured by this Deed of Trust Unless Borrower Bnd Lender agree to other terms of payment. such <br />amounts shall be payable upon notice from Lender to-Borrower requesting payment hereof, and shall bear Interest from the <br />date of dlabursementatthe rate payable from time to time on outstanding ~rlnclpal under the Note unless paYimenl of Interest <br /> <br />~~fl~~~eu~J'~rl:p~~~ob~:~~. t~o~~~~C~~~~8~~:d:~ t~i~I~~r:~~a"Jhs~~hB~~~UU~:: ~~~~e~T~rn~~~~~si e~p:~s~~r.::~ ~~~ <br />action hereunder. <br />I. lnapection. Lender may make or cause to be made reasonable enlries upon and inspeclions of the Property, provided <br />that Lender ahBIIgiv8 Borrower notice pnar to any such inspeclion specifying reasonable cause thereforttrelated fa Lender's <br />Inl....1 In the P,operly r {) I! ~ .' <br /> <br />88- 106175 <br />