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<br />87- 102860
<br />1 UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />an
<br />indsbkxk evidenced d inlstsaL Borrower shall promptly pay when due the principal of and Interest on the
<br />any Future Advances secured by the C pt Truett lalechargesas provided in the Note, and the principal of and Ingreston
<br />2. trays let y WM and Mstu►aaq, to aPPNoabte law or o a written waiver Lender,
<br />F the -) montltty ihatellntente y �inc�and In es1 are borrower shell pay to Lender
<br />Funds-) etpfsl to one- twofth of the yearly taxes and sssesaYments which m t� dl Ith� Deed Truett (herein
<br />ground rsrgs on the Properly if any. plus one- twNfth of yeary� Y priority
<br />Y Premium i slallments for hnwrsnce, if any, premium um Installments or hazard lnaurance.plusone- tweMhof
<br />La.t o tea basis of Wesam ►shiner sndb In surd r N��Y estimated initially and from dine o time by
<br />The Funds snarl lea d in an institution the reasonable estimates thereof.
<br />deposits or accounts of which are insured or guaranteed, by a Federal or state
<br />FtisecY (including Lender if Lender is such an institution). Lender shell apply the funds to y said taxes, assessments,
<br />inwmsncO Premiums and ground rents. Lender may not charge WOO holds and pis
<br />a verifying and compiling said assessments and bills, unless Lender ng Y� the Funds, analyzing Bald account
<br />Permits Lender to make such a charge. Pays writing he time on the Funds and applicable see of Trust law
<br />that Interest on the Funds shall be paid tor Borrower, r nd unless agree hagre�ttismmade or VJC* a is requires suc
<br />interest to be paid, Lender shall not be required o pay Borrower any interest or earnlnppss on pre Funds. Lender snali give o
<br />Borrower, wttlrout charge an annual accounting of the Funds showing credits and debits to the Funds and the purpose for
<br />which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this peed of
<br />Trust
<br />If the amount of the funds d by Lender, together with the future monthly in If of Funds
<br />dam of texas, assessments, insurance premiums and ground rents, shall exceed the amount payias prior to the due
<br />assessments. insurance premiums and ground rents as they fall due, such excess shall be, at�Borrowerr's option, seto taxes,
<br />p ompdy mpaaid o Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds derbt�yy
<br />RLenderss a nWbesuticWMtopaytaxes, assessments, insurance Premiums and ground rents as they fall due. Borrower shall
<br />o Lender an amount necessary to make up the deficiency within 30
<br />ROY (aquas Payment thereof. days from the date notice is mailed by Lender o
<br />B
<br />Upon payment in full of all sums secured by this peed of Trust. Lender shall promptly refund to Borrower any Funds held by
<br />Le later rr. It u nimmediately paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender. Lender shall apply,
<br />application as a credit against tiththe ums secured by this orb of9l rust n by Lender, and Funds held by Lender at the dine of
<br />and APPMcerinn of Payments. Unless applicable law provides otherwise, all payments received by Lender under the Note
<br />Paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts Payable to Lender by Borrower under
<br />paragraph 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 uture Advances.
<br />♦. CbatYaa: Liens. Borrowers shall pay all taxes, assessments and other charges, fines and impositions attributable to the
<br />Property which may attain a Priority over this Deed of Trust, and leasehold paym" or ground rents, if any, in the manner
<br />Cprovided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />"Woof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />BBOOrrrrowsr shall make payment directly, Borrower shall Promptly furnish to Lender receipts evidencing such pa ta.
<br />Borrower shall promptly discharge any lien which has priority over this Deed of Trust, provided, that Borrows ahatl not lea
<br />required o discharge any such lien so tong as Borrower shall agree in writing to the payment o} the obligation secured by such
<br />lien e a masts acceptable to Lends, t shelf to good faun contest such lien by, or defend of the omen of such lien in, legal
<br />Proceedings which operate to prevent tcsaeenporcemant of the lien or forfeiture of tine Property or any part such lie
<br />againal dr�dBs nclNUbsd within me Improvements existing or hssaftar erected on the Property insured Hazard
<br />and in such amounts and or such Periods as Lender me r coverage" and such other hazards as Lender may require
<br />such coverage exceed that amount o! cover r equire; provided, that Lender shall not require that the amount of
<br />This insurance carrier providing the insurance shall betchoasen byaBor Borrower subject of apDpp oval byyrLsender, provided, that
<br />such approval shall not be unreasonably withheld. All Premiums on insurance policies shall be paid In the manner provided
<br />under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the insurance
<br />carrier.
<br />All insurance policies and renewals thereof shall be in form acceptable to Lends and shall include a standard mortpsoe
<br />clause in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals t»reof, and
<br />Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of loss. Borrows
<br />shall give prompt notice to the insurance carrier and Lender. Lender may make proof of lose if not made promptly by Borrows.
<br />Unless Lender and Borrows otherwise agree in writing, insurance proceeds shall f l applied m restoration or repair y Bo ob the
<br />Property damaged, Provided such restoration or repair is economically feasible and the security of this Deed of Trust is not
<br />thereby impaired, If such restoration or repair is not economically feasible or if the security of this Deed of Trust would be
<br />impaired,
<br />orn ire Borrower. insurance proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, if any, paid to
<br />Borrower. if the Property is abandoned b Borrows, w if Borrower faits to respond to Lender within 30 days from the date
<br />notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits. Lender is
<br />authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property or to
<br />the sums secured by this Dead of Trust
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall notextend or
<br />Postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such
<br />Installments. If under pararaph 18 hereof the Properly is acquired by Lender, all right, title and interest of Borrower in and to
<br />any insurance policies arnTin and loft proceeds thereof resulting from damage to" Property prior to the Sale or acquisition
<br />snarl Pass to Lends to the extent of the sums secured by this Deed of Trust immediately prior to such eels or acquisition.
<br />f' Preservation and Maintenance of P
<br />leap the Property in �Y° mat waits Plathnsd Unti Borrower shall
<br />c with the good and shall not commit waste or permit in of deterioration the Property and shall
<br />provisions of any lease if this Dead r Trust is on a leasehold. if this Deed of Trust is on a unit in a condominium
<br />ors reed unit developrnent, Borrower snarl perform all of Borrower's obligations under the declaration all covenants
<br />cr a governing the condominium or planned unit development, the by -laws and regulations of the c
<br />veer m and evt went. and constituent documents. If a condominium or planned unit devef�� � condominium or
<br />opetW with this Deed of Trust. the covenants and agree ments of such rids shall be Incorrpuorraated
<br />into and shat amend and SupPlement the covenants and agreements of this Deed of Trust as if the rider Wer a Part hereof.
<br />7. Ptafaetien of Londees Socu ft. If Borrower fails to perform fire covenants and r
<br />Trust or if any action or proceeding 's commenced with materially affects Lender's interest lute co�ited In fihia Deed of
<br />limited to, eminent domain. insolvency, code enforcement cad with or array
<br />fish Lends at Lender's g . Property, includirhg but not
<br />arrangements or proceedings Involving a bankrupt or decedent
<br />�octtOyn es le oPtler+. upon notice o Borrows, may males such appearances, disburse such sums and take such
<br />DNdtWmt nocProperly sssary to P►Wect Lender's Lender including. but not limited to, disbursement of reasonable attorney's fees and
<br />the Trust y Mug eWrr«jR1O a insurance as a condition of making theloan $*curedby
<br />(Squib milinttfatwchInewence Pay the in regirlred o msintein such Insurance in erect until such time as the
<br />NrnNnates in accordance with Borrower's and Lender's wfitsn ag t or a icalbe law.
<br />pay a Wed malpage with peerrmiiums in the manner provided under apr�hp2plhereof.
<br />Any Indetifedness a�haxh�te rower SecurredL s Deed of Thou Un1 Borrowersurd Lender interest thsson, shall Decome additional
<br />amourits, 10 upon notice from Lender to Borrower r Wes 0 other forms of Payment, Such
<br />d of M d» r� agwsatfng Pa t hereof, and shelf beer interest from the
<br />at such rate would be contrary hotrh tlfrhe o tlms on outstendkrg print pis under this Note unless Pa ment of interest
<br />Permissible nary o aoclicable Isw, in which event such amounts shall bear interest at the highest rate
<br />action der. pPilcabla law. Nedhin9 contained in this paragraph T shall require Lender to incur any expense or take any
<br />I. 1ifaPestben. Lender may make or cause to be muds reasonable entries upon and inspections of the Pr
<br />that Lender shall give Borrower notice for to an such ins provided
<br />interest in the Property,
<br />y pection specitying reasonable cause therefore related o Lender's
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