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<br />88- 106359
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Paym.nt 01 Principal and Int....t. Borrower shall promptly pay whan due the principal of end Interest on the
<br />~nn~e~~~~ee~~~g~;~J.::'.te~o:~eP~~cTrr.~~d late charges as provided in the Note, and the principal of and Intereston
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<br />2. FundllorTunand Inlurane.. Sublectlo applicable law orto e written waiver by Lender, Borrower shall pay to Lender
<br />on the day monthly Installments at principal and Interest are payable under Ihe Note. until the Note Is paid In 1u1l,8 sum (herein
<br />"Funds") equal to one-twelfth 01 the yearly taxes and assessments which may attain priority over this Deed 01 Trus~ and
<br />ground rents on IheProperly, ilany, plusone-Iwelfth ofxearly premium Installments lorhazsrd Insurance, plus one-Iwelllhol
<br />r:~~~f~~~~~~~~rs~:l'~:"~~e~~~~~glll~s~~~nr;:"~~~~ea~~f1~~~::~:~~I~sttmated Initially and from time 10 time by
<br />TIle Funds Shall beheld In an Instltullon the deposits or accounts 0' which are Insured or guaranteed, by a Federal or state
<br />agency (Including Lender II Lender Is such an inslilutlon). Lender shall apply the funds to pay said taxes, assessmants,
<br />insurance premiums and ground rents. Lendar may not charge for so hOldlW, and applying the Funds, analyzing said account
<br />~~:\~L~~~~~I~":f~~~~~i~ g~::.,,:r;.~~~~~~~~~~:~:~~~~~:y~ wrirr~;:{t~~~~gr~~:!u'lro~so~~~I:r!~a:II~~:'t
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<br />that Interest on the Funds shall be paid to Borrower. and unless such agreement Is msde or appllclilbe lew requires such
<br />Interest to be ~ald, Lender shall not ba required to pay Borrowar any Interest or earnings on Ihe Funds. LenderehaU give to
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<br />~~7c~v:,';.'c~~egl~:g~.:':~~~Js ~~~~sad';~~r;:W9n~i~~:~~~~:~~~~J1dr.f~~~rs~~~~~f~:~~~~~~~~~~~:dt~~ 1't,~~PJ'::J~;
<br />Trust
<br />If the amount of the funds held by Lender, together with the future monthly Installments of Funds payable prior to the due
<br />dates of taxe9, assessments. insurance premiums and ground rents. shall exceed the amount regulred 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. lithe amount ot the Funds held by
<br />Lender shall not be sufficlenlto pay taxes, assessments, Insurance premiums and wound ranis as Iheyfall due. Borrower shall
<br />g~~~w~~~:~~:~Xn~m~a~~~~ft~~~.to make up the deficiency within 30 days rom the date notice Is mailed by Lender to
<br />Upon payment In full at all sums secured by this Deed ofTrust, Lender shall promptly refund to Borrower any Funds held by
<br />Lender. II under paragraph 1 S hereofthe Prope~ Is sold orthe prope;:rc is otherwise acquired by Lender, Lendershall apply,
<br />~~~Ti~:t~~"a~mamc~~:e~~~r~~n~:':u';,;'~eS~~~~edrg~~~D~~~agf'o/~~~ton by Lender, and Funds held by Lender atthetime of
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<br />paragrap~ 2 hereof, then to inlerest payable on the Note, then to the principal of tha Note, and then 10 Interest and principal on
<br />any Future Advances.
<br />pro~e~~WI~~ ~:~~:,y~r~~~:;'rFh~t~~Yh~~ ~~:~' ~rf~~:~:~~sl:~~~~rJ~~~~:~i~I~~~~~~~~~g~I:,~r:~;,ri~~~:~~~~~~
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<br />provided under paragreph 2 here~ or, If not paid In such manner, by Borrower making paymen~ when due, directly to the
<br />payee Ihereol. Borrower shall promptly furnish 10 Lender all notices of amounts due under this paragraph, and In the event
<br />80rrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />80rrower shall ~romptly discharge any lien which has priority over Ihls Deed 01 Trust, provided, that Borrower shal not be
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<br />rl~~~~~d~~~~~r :~:~::'bT~f: ~:~ds~~~~~~:I~r~~~rf:r,~I~~%::tl~.%'~JI?:~~~~~r~~~~~tg~l~~c~~~~ttlg,ns~~~~~ ~l. re":~
<br />proceedings which operate 10 prevent the enforcement of the lien or forfeiture 01 the Properly or any parf thereof.
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<br />snd In such amounts and for such periods as Lender may require; provl~ed, that Lender shall not require Ihatlhe amount of
<br />such coverage exceed that amount of coverage required to pay the sums secured by this Deed of Trust
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<br />suc1h~~~~~~~~~~:I~~~~:f~~~~~1~9nt:~I~n~~t~~e~~.S~lf~~ee~~~sseg~rn~~~~~~:~~I~I~~ ~h:ff~~o~::~rn L:,~d~~~~~~~r~I~~
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<br />under paragraph 2 hereof or, If not paid In such manner, by Borrower making paymen~ when due, directly to the insurance
<br />carrier.
<br />All Insurance policies and renewalslhereof shall be In form acceptable to Lendar and shall Include a standard morlgage
<br />clause in favor of and In form acceptable 10 Lender. Lendershall have the rlghl to hold Ihe policies and renewalsthereor. and
<br />Borrower shall promptly furnish to Lender all renewal notices and all rec13lpts of paid premiums. In the event of 109S. Borrower
<br />shall give promJ,t notice to the Insurence carrier and Lender. Lender may make proof of loss If not made promptly by Borrower.
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<br />pro~~;~nag".:":~~~~~),r.:::g~~::.r6~:tfJl~~~ Ir~~~:~rsge~~~~':;I~:Pi;~~:~T:~~~ ~::CC),I~~1o ~r:~f:~~ o;,r~Fu~[f::o~
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<br />thereby Impaired. II such restoration or repair Is not economically feasible or If the security 01 %IS Deed 01 Trust would be
<br />Impaired, the Insurance proceeds shall be 'WcPlled to the sums secured by this Deed of Trust. with Ihe excess, If any, paid to
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<br />~[I:,oe"i:r~~l~"c! ~7e:~~~ I'ob~~::'~~r ~~at~~.:'Y;;~~;::nl~~~~~~~W~I:.t?or::g::.n~ ~far~~~~\~~~~~ g:~~I~~L~~"c!~~l:
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<br />~hUeths~~:~~~r~eg~ ~~~ ~:~~ t~?i~~~l.-ance proceeds at Lender's option either to restoration or repair 01 the Property or to
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<br />Unless Lender and Borrower otherwise agree in writing, any such application 01 proceeds to principal shall not extend or
<br />postpone Ihe due dale at the monthly Installments referred to in paragrephs 1 and 2 hereol or change Ihe amount of such
<br />Installments. If under paraoraph 18 hereol Ihe Properly Is acquired by Lender, all rlll,h~ title and interest of Borrower In and 10
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<br />~~~I\n~~::~gt~~~g~"i:.a~e l~x~;~t~"\l~t~~~~~:~~:"t::~~~~t~~~~o~ ~~~~'::~~d~~I~PP~rovl~~~~h":1':~ro:~~~I:~~n
<br />kee~ t~~~:~~n.~g~~~~:rr"'::'c: :~~r'to~~;;~~":~:I~r~~~~rt'\'~~~?r'~:~:~r~t~~~r~3~~grt'l::I>~o~::::"':I :~:ll
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<br />comply with t~e provisions of any lease If this Deed of TruslIs on a leasehold. If this Deed of Trust Ison a unit In a condominium
<br />or a planned unit development. Borrower shall perform all of Borrower's obligations under the declaration or covenants
<br />creating or governing the condomlnlL::n or planned unit development, the by.laws and regulations of the condominium or
<br />~nned unit development and constlluenl documents. If a condominium or planned unit development rider Is exculed by
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<br />inl::~~:~~~g ~~c"'ri3~~~~~~r::~~w,I: ~=""n~~T:':.~I~~r';'~'::;~~t~t~r{l,1s a8~:~T~~~1 :~fn~~~~:~~~~: ~n~.r~:~~
<br />7. ProlectlM 01 Lender'. Security. If Borrower fails to perform the covenants and agreements contained In this Deed of
<br />J~:c.~~~fe~rn:~~~~~~rri~~='~~d:, ~~~:e~~~e~~~~~:~~~Wg~':;~~tst.g~:~~el~~i~~~tl~V~:i~~Of~~k~~~lt~d~~2::~~i
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<br />then Lender at Lender's option, upon notice to Borrower, may mB~e such appearances, disburse such sums and take such
<br />action as Is necessary to protecl Lender'slnteres~ IncludlncP' but not IImltad to, disbursement of reasonable attorney's fees and
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<br />Any amounr,:'Ydlsbul1led by Lender "ursuant to this r,aragraph 7. with interest thereon. shall gecome additional
<br />indebl8dnesa 01 Borrower secured by this Deed of Trust Un ess Borrower and Lender agree to other lerms 01 paymen~ such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment hereof, and shall bear Interest from Ihe
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<br />~r:u~hd~~~~r:'~'::I~nl::" ~:n':~,::,~~a:le ffga~~~:~~ r::~rc~U:'~~td~~~~r~':;:l'~~l'sn~~~~h~~a~tfn~;:::r ~rrt:'ee~I:~~~~e;:r.:
<br />permlaaibleunderapplicable law. Not~Fr,9 contained In this paragraph 7 shall require Lenderto Incur any expense ortakeany
<br />action h.reund..... '
<br />tha~~==g~9n~~::t~~~~~~~~~~~ ~~~~~~~~~:~~~~~:eec~~~II~~ ~~~~~~~:~:~~~~~:~f~: ~~~:ri'ro E~~vJ~~.~
<br />int......tln the Propeny.
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