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V1.6 .lib — 100841
<br />Urrroonw CavuraNVS :Borrower aed L iadcr covenant and agree as fdlPws
<br />answer, Dorrovrar shall pmw&poy p&y when due the principal of and interest on the
<br />1, ►grasabsif Rsi.dlal anal so loa,ehagw sa provided in the Note. and the principal of Now into"
<br />iadebtadaaa avidaliead lsY etas Ala1a.
<br />1 ten any Fntttre Ad+►asea actirad yY rhaT b law of to s "written waiver by Lender Borrower shall pay
<br />2
<br />1"10 Tntaa tttM war fhtyacK tipplicahle full,
<br />ro I.sadar on tMt•'l wide haM t principal and interest and slassmcds which may the Note
<br />priority aever this
<br />a gran ( • , tents
<br />he pis n,Y, ifaity, 91its one- fwdflh of yearly premium intlatltrenu for hanrd insurance.
<br />Thsl1 grasnN mstsNntertb for ttsottgage insurance, if any. all as reasonably estimated initially and Iran
<br />pIw one, twelfth of Yeaefy pcemiuen
<br />9"" "to time loll l estdsr �`� � of awnwn eta "and bilk r��� hieh are insured or guaranteed by. a Federal or
<br />The Fw1M >Aae be hNd ni on� inNitWioit the depo$'
<br />oats agarcy tiriclHdlsrs Latilgr if Lt ntkr j 4isch sea instltutbtt)• Lender shall apply else Funds to pay Ned (arcs. assessments.
<br />imwanec peniiumis and around enter Lender may not charge for so it n+wer interest ton the Funds land app( cable ow
<br />or verifying' ad eotapilane said ,yrnantenis and bilk, artless Lender PAYS of this
<br />or veiif lender to, ntaka.aticli a charge. Borrower and; Lender MAY agree in writing at the lime of execution taw
<br />bared of Trust that irdeiest on the'Front% Shall be paid to Pay Borrower n e rest orneatnin4sson the applicable d%. Lender
<br />rgwn9 such interest to be`peld. Lender thpll pot be P Y Y
<br />shall give 10 lborrevrer, without charge; an annul accainung d the Puds geed asgaddit credits sedebits urity for the sums secured
<br />r}eat for whirls each "1 Ira the Funds war made. The
<br />Funds are pledged
<br />Cy this'Daad ofTruat. with ilte future
<br />monthly installments of Fud% payable prior In
<br />if she ameanal of the'Funds'hald by Lender. together
<br />the due 'does, of tans. asaaaMtsMS, in premiums and ground rents, shall exceed the amount required to pay said Cases .
<br />paW u, gotrrewer or credited loodBor ewer on ynumb y installments of of shall
<br />Fulnds, If the artror M of the Fu do fall due,
<br />•Letttfgr shall not' ll V filocient to pay - taxes, fagaestinients, insurance premiums wihin 30 days frtom the date notice s mailed
<br />Borrower shall pay to Lando any Amount, neceuary to make up the deficiency
<br />by t,ntAer to Borrower raquwliog payment tbsreoff•
<br />in full of all sums secured by Chia Deed of Trust, !.ender shall promptly refund to Borrower any Fs,rds
<br />Upon held by Leader. It under paragraph 18 hereof the Property is wld or the Properly is otherwise acquired by I ender. Lender
<br />shall apply, no later than immediately prior to she sale of the Property or its acquisilton by Lender, any Funds held by
<br />Leader o the time of Application as a credit against she sums secured by this Deed of Trust
<br />�, Ahetime st �hyl�anM Unless applicable law provides otherwise, ail payments received by Lender under the
<br />Nola rod paragraphs I end 2 hereof shall be applied by Lender tint in pea principal al of the Note! and then to 'interest and
<br />under paragraph 33 heeof. then to interest payable on the N.
<br />then w the pr P
<br />principal on any Rotate Advances.
<br />4. Chew,, Asar. Borrower shall pay all (axes, gluesamenlc and other charges. fines and impovtions anributable to
<br />the property which may affairs a priority over this Deed of Trust, and icarshold payments or ground rents, if any, in the
<br />rower provided under paragnph 2 hereof or, if not paid in such manner, by Borrower making payment, when due. directly
<br />m the p ro thereof. Borrower shall promptly, furnish to Lender all notices d amounts due under this paragraph, and in the
<br />twat Borrower shall make payment directly, Borrower shall promptly (Lit nosh to f Lender provided. thateNornowerhshall Payments, not
<br />Borrower shalt promptly discharge any lien which has priority over this peed of Trust: p
<br />required to discharge any such lien to tong as Borrower shall agree in writing to the payment of the obligalnin secured be
<br />such lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien in
<br />legal ptee eedinp which operate to prevent the enforcement of the lien or forfeittire of the Property or any part thereof.
<br />s, glsraed 1(stataraaee. Borrower shall keep the improvements now existing or hereafter erected on the Properly insured
<br />against loss by tire, hazards included within the term "extended covonge ., that such of ter aza uirc that the amount of
<br />and in such amounts and for such periods as Leader may require: provided.
<br />such coverage exceed that amount of coverage required to pay the sums secured by this Decd of Trust
<br />The insurance carrier providing the insurance shall be chosen by Borrower subleci to approval by I ender. prnvidetI.
<br />dog approval �I� t be unreasonably withheld. All premiums on insurance policies shall be paid in the manner
<br />reader 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly go the
<br />Io a *= eattM.
<br />All insurance policies and renewals thereof shall be in form acceptable to 1 enter and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof.
<br />and Borrowef shall promptly furnish to lender all renewal notices and alt receipts of paid premiums. In the event of loss.
<br />Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of tot, if nut made promptly
<br />by Borrower Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair Of
<br />the Properly damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trust is
<br />not thereby impaired. II such restoration of repair is not economically feasible or d the security of this Deed of Treat would
<br />be impaired, the insurance proceeds shall be applied to the sums secured by this Decd of Trust, with the excess• if any. Pairs
<br />to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to
<br />Lender within .1tJ days from the
<br />is Authorized to tto collect and apply Borrower
<br />urancetProceedsrat Lender's a roption either I10 restoration iorrrepair ofnthe`Property
<br />or to the suns secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not cited
<br />or postpone the due date of the monthly instebaments referred to in paragraphs I and 2 hereof or change the amount of
<br />such insla0menfs. It under paragraph 18 hereof the Property is acquired by Lender. all right, tide and imerest
<br />prior to she sale
<br />Borrower
<br />in and to any insurance policies and in and to the proceeds thereof resulting Irom damage m the Property p
<br />or acgrusision shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such sale or
<br />alwosilion.
<br />6. prwrvatlew all MalNenaace of Proper t y; easehotdsl Co„dil„hr,rs; Planned Unit Developments. Borrower
<br />shall keep the Properly in Stood repair and shall not commit waste sir permit mipaiinicni or deterioration of the Property
<br />sold shelf comply wish the provisions of any lease if this Deed of Trust is on a leasehold if this Deed u( Trust a on a unit in a
<br />condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the declaration
<br />or covenants creating or governing the condaninium or planned unit development, the bylaws and regulations of the
<br />condominium or planned unit development, and constituent documents. if a condominium or planned unit development
<br />rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreentents of such rider
<br />Shell be incorporod into and shall anted and supplement the covenants and agreements of this Deed of Trust as if the rider
<br />were s part hereof.
<br />7. ITsolrede of L.aMer's Secterlty. If Borrower fails to perform the covenants and agreements contained in this
<br />Dead of Treat. or if any aelioe or proceeding is commenced which materially affects Lender's interest in the Property.
<br />including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a
<br />baakrupf or decadent, than Lender at Lenders option, upon notice to Borrower, may make such appearances. dahurse such
<br />awns and joke such action as is necessary to protect Lender's interest, including, but not limned to, dishurvemens of
<br />faaearso" alswney's fag and angry upon the FroPrrtr to make repairs It Lender required mortgage insurance as a
<br />toadhion of making the ban secured by this Dead of That, Borrowef shall pay the premiums required to maintain such
<br />inwrana in effect tsMl) arch time ►s the requiremen( for such insurance terminates to accordance with Borrower's and
<br />Lender's written agreement of applicable law. Borrower shall pay the amount of all mortgage insistence premiums in the
<br />manner provided under pars{riph 2 hereof.
<br />Any an+oums disbtsrsed by Lender pursuanl to this paragraph 7. with ineeu thereon shall become additional
<br />in"mediiess of Borrower secured by this Deed of Trust. Unless Borrower and I.eder agree to other terms of payment, stn h
<br />smotsMS shah he payable upon notice from Lender Co Borrower requesting payment thereof, and shall hear interest Irom the
<br />doe of dlsbungmem al the rate payable from time to lime an outstanding principal under the Note unless payment of interest
<br />of such rata would be cosittary to applicable law, in which event such amounts shall bear interest at the highest role
<br />pormilNbk under applicable law, Nothing contaiftad in this paagraph 7 shall require Lender to irKur any expense or joke
<br />any action hereunder
<br />g. Laa►scil". Lender may make or cause to be nude reasonable entries upon and ntspecuom of the Properly Prv..ulcd
<br />that lender shall give Borrower notice proof to any such m"ction specifying reasonable cause iberelor rotated in 1 ender .
<br />interest in the /oaeriv
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