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<br />86- 1,00393
<br />UNur4W%I CoveN+Nts. Borrower and Lender covclhilu and agree an follows:
<br />a. Payateat - of;Yriaciprl sad `iMert�l. 'Burrower shall ;.promptly' pay when due the pmt ipal of and intcccst nn the ..�
<br />Indebtedness evidenced'bystheNote, :prepayment and list
<br />on as provided m the 'Note, and the principal af. :nut interest
<br />on an +'Fume Ad—rices -v: taacd hsAh+s.Deed of ,Trust.
<br />2. Tonsils for Tsttes.and =-tawraaee, 'Subject `to. applicable law ar w a written waiver by untiLtha: , (i is,p id in ,pay
<br />a,,lentier nn the day monthly installments of principal and interest are,payahlc under the Note unulsthe NotL is;putd in full,
<br />Ik eti of Trust. andtground rents art he'Pmporty (If il. ny, pluc'oncaw lath of ycurly.premwhich
<br />rrt ns installment, forlhazurd nsurancct:. over
<br />plus unrtwctfth of ycarfy,premwm instalhncnls Inrmortgage:insurancc, it an), all as reasonably esumalud indtalfy.undfimm
<br />rime to uric by Lender on the'husis.Of asessments and hills and reasonable estimates thereof.
<br />TficFunds shall tx held in an thcAciaosits or accounts of which .are nsurcil.Or guaranteed by : +`tFLdcrul or
<br />main agency unchidingl ender iflLender.is such .an instittnumi. ':Lender shall apply theTunds to pay`said taxes . aswssments.
<br />late ;agency prtitle :mdgnnutd :rents. ;lender may not charge for so holding and applying the Funds,.an d}nng'saul. account
<br />air vcrtsVfo -clan l wr nlaikcF said asset t $ . and Borrower' andBenue `nla agree cin�writingyat the lime of ;anti
<br />executio� tof this
<br />perm s fillet that interest on the Funds shall he paid w Borrower, :rind unless such agreement is made or applicable law
<br />Deed require, such interest , he•paid, ,Lender shall not be required it, pa) Borrower ally mtenest or earnings on the Funds. 'Lender
<br />a
<br />shall give to Burowcr, without charge, an annual accounting of the Funds showing credits and debits to the 'Fund, :rod the
<br />purpose for which each debit to the Funds was made. The Funds are pic3ged as additional security for the sums secured
<br />by this 'Dce,t of Trust. pay
<br />if the amount of file Funds held by Lender, together with the future monthly ntstallmems of Fund. + +h poor a,
<br />the due at,esi ill taxes. i premiums urns
<br />insurance ail c Tf UII`id+ana srrshall caces, exceed shall'rh�uuf Byrrm Borrower's pay f the and,
<br />prompfl} repaid to $orrower or credited to Burrower on monthly installments of Funds. If the amount of the 'Funds
<br />hcid h}'Lunder shall not he sufficient to pay lases. assessments. insurance premiums and ground rents as they call due.
<br />Borrower ,hall pay a+ lender any amount necessary to make up the deficiency within 30 day, lion the dale notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums beretdhy this opertd Trust. Lender shall
<br />like Property is otherwise herwise acquired bytIfender. eider
<br />held by lender. If under paragraph 18tncreof thc!Ptopeny
<br />,hall apply. nn later than immediately prior to the sale of the Property or its ;acquisition f T. by Lender, any Funds held v
<br />Lender at the lime of application is a credit against the sums secured by this.DLt d of Trust.
<br />3. Appticaliomof Tayatents. Unless applicable law provide, otherwise, all payments received by lender under the
<br />Note and paragraphs I anti'_ hCTCnf shall be applied by l.cnder first m pavment of amounts p yablc to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on tine Note, then to the principal of the Note. and then u, interest and
<br />principal on any'Future Advances.
<br />4. Chamt : 'Lieu. Borrower shall pay all taxes. assessment, ❑nd other charges, fines and oupositions nit right:ub c to
<br />I Property which may attain a priority over this'Deed of Trust, ;and leasehold payments or ground entcwhenf due directly
<br />manner provided under paragraph 2 hereof or,.if not paid in such manner. by Borrower making 1 Y
<br />it, The payee th reot. make wer s ntltf remptlyfair r s II prompdy lurn>sh nail cmderirec under evhdcnansrsuch payments
<br />Borrower shall promptly, discharge any lien which has pnorut over this Deed of 1 rust: provided, th:u Burrower shall not he
<br />reyuirctl to discharge any such lien so long as Borrower shall agree ill writing u. the payment of the ement o ❑ secured by
<br />such lien rrt a manner acceptable to Lender, or shall in.guud forth contest such hen by. or defend enforcement of such lien m.
<br />Icgal$ roe adi+t�gl� which $orrowpr shall ke tile
<br />ep theenforcement
<br />improvements`nownex ling or hereafter`crc to I n the Propertytinsu ire
<br />against loss by fire, hazard, included within the term "extended :provided that Lender t`shall not acquire thdi, the amount of and to such amounts and for such periods as Lender may reyuirc: p
<br />such coverage exceed that amount of coverage required u, pay the Bunn secured he thin Decd of Trust
<br />Thu insurance carrier providing the insurance shall he chosen by Borrower subject to appruv;il M Lender: pros•Ided.
<br />that such approval shall not be unreasonably withheld. All premiums on Insurance policies shall benpai , in the y tto ter
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower ,taking
<br />insurance carrier.
<br />All insurance policies :anti renewals thereof shall he in form acceptable u, lender and shall include n standard mortgage
<br />clause in favor of and in form acceptable to Lender. lender shall halve the right to hold the policies and renewers thereof.
<br />and Borrowe: shall promptly furnish to Lender all renewal nolrces and all receipts of p:ud premnims 6n the event of loss.
<br />Borrower shall gave prompt noucc u, the insurance carrier :Intl Lender Lcndcr suits make proof lit loss It nut rtwdc ptumptl}
<br />by Borrower.
<br />Unless Lcndcr and t Borrower r otherwise rwis aagr olitc�uur a% cc�unom �allyulc .ntiblriiiiltdirthctiscenntl' ntc thuaDccd utrllruslcl`
<br />the Property damaged.
<br />will) the e,,e,s. it amp, p:nd
<br />not thereby imparted If such restoration or repair IS no ecununucally Icasihle ur it the sorority ul till, Decd lit nisi wuu
<br />be impaired. the insurance proceeds shall lac applied lit the sum, secured by the, Deed ni 1 nisi. the
<br />date police i, mailed tiledProperty Lender to lbalidonacd Borrower theWrouranccµ anier`uffers tin settle`I"� lean Lender
<br />to, insurance tbenefits. frLunde'
<br />n authorized u, collect and apply the. insurance proceeds at Lenders option either to restoration or repair lit the Propcm
<br />or to the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree m writing, :n} such application u! pwcct.ds to principal shall opt extend
<br />or postpone e the due. date of the monthly installments referred u: lit para graphs I and :hereof or change the amount ill
<br />in and 10 any insurance policies and lint laid Cfotthe proceeds tthereof resultant g front `damage hf the�Prupert}� prior Ell Borrower
<br />the suit:
<br />or acquisition shall piss o Lender to the extent of the suns secured by this Deed of Trust Immediately prior it, such sale or
<br />acquisition. pi. � y.
<br />6, Preservation and Matatettatue of .Pr rrt LeasehttWs: Could Planned Unit Develupment9. nn•ower
<br />,hall keep the Property lit good repair and shall not cumonl waste tar pernin inlp aliment ui deterioration of file Pr it in it
<br />and shall conrpiy with the provisions of any lease if this Deed of Trust n on a lcaschu Borrower's his Decd of Trust n tin a amt in n
<br />of covenants creating us governing the condominium or shall
<br />plan ed unitedevelopment the byslawstsundtregulnit�nshnf�the
<br />rider a cxscuted f y+$orrowcr development, ortled togetlter`ywith thisluDeed`of11 rust, theicovcnatns andpagree planned ti `such rider
<br />shah s incorporated into and shall amend and supplement the cov,:nant, and agreements of thus Deed ill 1'ntst an it the rider
<br />were apart hereof.
<br />7. 3�ratectiaa Of 1AWWs Saelrri ►y. if `Borrower fails to perform the covenants and agrecmcnts umtaned in this
<br />inccl d ng. but or 'not limited to, eminent proceeding lion ain, commenced enforcement tut arrangements rOritproceedingsitinvolvingsa
<br />bankrupt
<br />and otukecsuchi action �ckr neCessaryr to notice Io Interest, including. ihotenot limited t appearances
<br />disbursement uef at
<br />condition Of ttmuarkmgslht loan secured by this DeedlofrTrust. Borrowef shall Ipay`the`prera imsf teyuuc�d it' ill n>•ann such
<br />neistionabile insurance in effect until foal lithe as the requirculem fur such msurancc tcrmmates m :wcurd:utcr with Rurr,iwcr'n cool
<br />Lender's written agreement or applicablc law Borrower shall pay the amount of :dl mortgage insurance premiums tit the
<br />manner provided under paragraph 2 hereof.
<br />Any smouttls disbursed by Lender pursuant to this paragraph 7, with interest thereon shall hecan+c :idduumu
<br />Ired amounts �tshall be payable ilk upon notice front t Lefnder to�Borrower reeyutistvang 1n yment thereof, undlshall`hear tmleresttfrumithe
<br />date uE disbut irrnem at the Title payable from thine to time on nulvtandmg principal under the Nom unless payment highest interest
<br />pis nu�ilrat would lipshe coltlluw its Nothing applicable law cd intlhts iiiaragraphcchstanli +ruyuuetl' cis err t itincur cuss text+enc or take event
<br />Ally action hereunder t ,n.,.dc,I
<br />g. .111"Welbm. Leafier n18y R40kC r nor In aim 1K Un�1 �'rsfp � in�a hlr'� 119m l irca".1lidde �cuua��t�hei� l nth. F�'la d it � tl en,lei
<br />Ihw! cootie s1a11 pyre Rwer nonce 1 } 1 }
<br />inicrexst in thr Pruden,
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