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<br />tlenroesr CovewAsirs borrower "A lender covenant and agree as 'MW
<br />else tle Principal of and interest on the
<br />1. Tep�aaA of f4' ' " std lancets borrower shall PFOWr y Pay
<br />asdiggloodno a evidawcd by the NOW prepayment aid felt charges ea provided in she Nose. and the Principal of aad "Meteor
<br />ew all Froort Advances secured by this Deed of Trust.
<br />Ft 6 for Timm tend gssasasrat. Subject to applicable law tit to a written waiver by L edict, Borrower shen per
<br />to Lander on the day wAnWAy installments of principal and interest are payable under the Note. until the Note is {rid m «Il.
<br />a sue (betas "lentils ") ping W awe twelfth of the yearly taxes and asstssments which may attain pwtky over this
<br />Deed of Trim, aid growwd tends on the Property. if any. pls owt- 1weffeb of yearly pretnrum iinnalltmenis for harard insurance
<br />plus west- twelfth d yearly peewium iastafimats for enortpgt insurance, if any, all as reasonably estimated mtttally and from
<br />tame to time by f oWw aw the bases of awen"wnts and bins aid reasonable estimates thereof.
<br />The Fonds shall be held in an ineaturien she deposit or accounts of which are insured or guaranteed by a Federal or
<br />tae agency (imclr0ing Lander if Lender is such an irtsttttion). Lender shall apply the Funds to pay said eases, assessment1 .
<br />insurance pre+nawns and ground tans. Larder may not charge for so holding and applying the Ftuds. analyzing sand accent
<br />or verifying mad eawspian{ said assetaments and bills. tmllosts Lender pays Borrower interest on she Feuds and apgiaabk law
<br />PPssmans Lander to webs such a charge. Borrower and Lender may agree in writing of the time of execution of this
<br />Deed a Trust Nit iaxrest an the Fends shall be pad to Borrower, and unless such agreement is made or applicable law
<br />r"wires such detect is be paid. Lender oW Por be required to pay Borrower any interest or carnin(ts on the Funs. lender
<br />shall give to Borrooa, without chage an annual secotuuing of the Ftmas showing credits and debits to the Funds and itie
<br />fax which ads debit to the Ptnads was made. The Finds are p edged as additional security for the sums secured
<br />tins Deal of Test.
<br />If the awnount of the Funds hold by Lender, together with the futumt monthly installments of Funds payable prior W
<br />the din dam of taxes, auesanats, insurance premiums and ground rents, shalt exceed the amount required to pay said uses,
<br />aawmtnerts, insurance premiums and ground rents as they fail dice, such ei.cess shall be, at Borrowers option, either
<br />repaid to aerroaet or credited to Borrower on monthly installments of Funds. If the amount of the Fund,;
<br />held bir Lender shag riot be swfficwm to pay taxes. ann rent. insurance premiums and ground tens as they fall due.
<br />Borrower shaft play to Letndef any amount necessary to awake up the deficiency within 30 days from the date notice is mailed
<br />by Lander to Betrtotnr requesting Payment desired.
<br />Upon peymem in fun of all sums secured by this Deed of Trust. Lender shall promptly refund to BOtrower any
<br />held by Lewder. if under paragraph is hereof the Property is sold or the Property :s otherwise acquired by i ender. Lender
<br />shall apply, no later that immediately prior to the sale of the Property or its acquisition by Lender. any Funds held by
<br />Leader at the lime of application as a credit against the sums secured by this Deed of Trust.
<br />> of Tymewsa. Unkss applicable law provides otherwise, all payments received by Lender under the
<br />Hole and paA r � 1 and 2 hemof shall be applied by Lender first in payment of amotmts payable to I ender by Bnrrosscr
<br />under paragraph hereof, then to interest payable on the Note, then to the principal of the Note. and then to interest and
<br />pr"K2W on any Future Advances.
<br />tt Charges; Unim. Borrower shall pay all taxes. assessments and other charges. fines and impositions aaributablc to
<br />the Property which stay attain a priority over this Deed of Trust, and leasthold payments or ground rents. if any. in the
<br />manner provided under paragraph 2 hereof or, if mot paid in such manner, by Sormwer making payment. when due, directly
<br />to the payee thereof. Borrower shall promptly furnish to Lender all notices of amotmts dtic under this paragraph, and in the
<br />avant Borrower Shan make payment directly. Borrower shall promptly furnish to Lender receipts evidencing such payments
<br />Borrower shall promptly discharge My lien which has priority over this Decd of Trust; provided, that Borrower shall neat he
<br />required to discharge any such hen so long as Borrower shall agree in writing to the payment of the obligaimn secured by
<br />such lien in a manna acceptable to Lender, or shall in Bond faith contest such lien by. or defend enforcement of such lien in
<br />legal Droceedings which operate to prevent the cnfotcetnent of the lien or forfeiture of the Property or any part thereof
<br />s ilaeeer , isawmem. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by fire, hazards included within the term "extended coverage and such other hazards as Lender may requ rc
<br />and in such amounts and for such periods as Lender may require; provided. that Lender shall not require that the amount of
<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 Borrowei st+bfca to approval by Lender, provielca,
<br />that path approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner
<br />provided rider paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when duc, directly to the
<br />Insurance Carrier.
<br />All insurance policies and renewals thereof shall he in form acceptable to 1 coder and %hall include a standard mongagc
<br />clause in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renew:ds thereof.
<br />and Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of loss.
<br />Borrower shall give prompt notice to the insurance carrier and Lender. Lender may maLc proof of lots if nut made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the seasriiy of this Deed of Trust .s
<br />not thereby unpaired. If such restoration or repair is not economically feasible or if the security of this Deed of Trust would
<br />be impaired, the insurance proceeds shelf be applied to the sums secured by this Decd of Trust, with the excess, if any, paid
<br />to Borrower. If the Propeny is abandoned by Borrower, or if Borrower fails to respond to Lender within .10 days from the
<br />date nosice is wailed by Itnder to Borrower that The insurance carrier offers to settle a claim for insurance benefits. lender
<br />ns aphorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the suns secured by this Deed of Trust.
<br />Unless Ltmlrr and Borrower otherwise agree in writing, any such applscar+on rat proceeds in principal shall not extend
<br />or poatperrte the due dale of the monthly inst_.Iments referred to in Fara /raphs I and ? hereof or change the amount of
<br />such +mtallments. If under paragraph Ili hereof the Property is acquired by Lender, all right, title and interest of Borrower
<br />in and to any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the saic
<br />or acquisition shell pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such safe or
<br />acquisition.
<br />6. Preearvtadow and 1Nsiatewawce of Property; LessebWdr Cen"mimlw n., r, I Uwe Developments. Borrower
<br />shall keep the Property in guod repair and shall not commit waste ear permit inipaumcni rat dctertoratnm of the Property
<br />and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold it this Deed of Trust is 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 condominium or planned unit development, the by-laws and regulations of the
<br />condominium or planned unit development, and constituent documents. If a condominium rt planned unit dcvckspmcni
<br />rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such rider
<br />shall tit Incorporated Toro and shell amend and suppkmetm the covenant and agreements of this Deed of Trust as if the rider
<br />were a part hereof.
<br />7. Preertfow of Lesidoes Ssewrfly. If Borrower fails to perform the covenants and agreements contained in this
<br />Dead at Trot, or if aoy, action or pocexdmg is commenced which materially affects Lender's interest in the Property.
<br />including. but not Rewind to, eminent domain, insolvency, code enforcement, or arrangements or proceedinp involving a
<br />bankrupt or decedent, then Lander at Lender's option, upon notice to Borrower, may make such appearances. dishurse such
<br />suns and Wee surds action a u necessary to pprrotect Lender's interest, including, but Trot limited to, dishursemeni of
<br />reasonable atsonsey's hs and entry upon the Property to make repair If Lender required mortgage insurance as a
<br />condition of malting the loan secured by this Dead of Trust. Borrower shall pay the premiums required to maintain such
<br />=ieMlxannot in effect util such time as the requirement for such insurance serminales in accordance with Borrowtr: and
<br />Win agreement or applialk law. Borrower shall pay the amount of all mortgage insurance premiums ns flit
<br />manner provided under par pill 2 hereof.
<br />Anyy amount disbsrrsed by Lender pursuant to this paragraph 7, with interne thereon. shall become addition :d
<br />mile�edietr of Botrowei secured by this Deed of Trust. Unfeu Borrower and Lender agree to other terms of payment sot It
<br />amounts than be payable upon notice from Lender to borrower requesting payment thereof, and shall Mar mleresl from the
<br />dot of dbbunenwm as the rate payable from time to time on outstanding principal under the Note unless payment of interest
<br />at such rate would be contrary to applicable law, in which event sntch amounts shall bear interest at the highest rote
<br />Permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender in incur any espcnse or take
<br />any action hareundef.
<br />I. lawpeetlien. Lender may make or cause in be made reasonable entries upon and mitecito— of the Property pv—drd
<br />that lender shall give Borrower noute prior to any such rrispection specdy+ng reasonahle cause therefor related nn I ender .
<br />Inter"• in the Promnv
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