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<br />86- 101568.
<br />U"Woum Cavesaern. Borrower a"d Lender covenant and agrcx as foltews'
<br />1; � oil )ae{nelpid and bsteeora• But, owa :half promptly pay when die the principal of and interest on the
<br />indeisediKS! r flee Mena, land hw tdtargn is provided in the Nast. and the principal of and ititerert
<br />on s"y Fstwe Advances seersed by t ' Died d Traw.
<br />1 land fw Toaw said Itrssssee. Subject to appficahk law or to a written waiver by Lender. Borrower :half y
<br />to (.ender on the day monthly iobisiff eMs of prineipd bad i se" lire payable under the Note. until the Noce is paid m lilt.
<br />a am (*We* -Va ds") sgwsl to ostsawelfth of the yearly taaea and awarmwins which may alibi" prohy over this
<br />Dad of Trust, and dsownl ttetals cm 0m P►opMy. if eny. Ish" ose'twdfNt of yearly presntmn installments for h irard insurance.
<br />pleb one•twelith of yearly premium "ropments for mortgage insurance. if any, all as reasonably estimated initially and from
<br />tint to tine by Leader at tfte bow of swnamo b and bilk and ressenbble estimates thereof -
<br />The Funds "Ill be hadd in on inOtituuon die dtspottms Of becaumb of which ate insured or guaranteed by a Federal or
<br />sane agency (including Lender of Lander is sudlt as itir,tilusion). Leader shall apply the Funds to pay acid taxes, assessments.
<br />insurance premiums and pound rents. Leader may no charge for so hNding and applying the Funds, analyzing said account
<br />or verifying and compWwq said sion nreMS bid biir. asides Lender Pal's Borrower interest on the Funds and applicabk law
<br />permits Leader 10 make bash' a charge- forrower and Leader may agree in writing at the time of execution of this
<br />Deed of Trust that interest on the Fonds shelf be paid to Borrower. and useless such agreement is made or applicable law
<br />requires such interest to be paid, Lender sholl fsot be required to pay Borrower any interest or earnings on the Funds. Vender
<br />sma give to Borrower, without charge, an aenaat accounting of this Funds showiag cre4its and debris to the Funds and the
<br />ptsepaee toe which each dobil is the Funs was evade- The' Panda are pledged n additional security for the sums secured
<br />by ,hw peed of Trust.
<br />If the amount of the Fonda hold by Lender, together with the future monthly installments of Funds payable prior to
<br />the date dnea of taxes. a»ewnisMs. irwurance prismitans trod ground rents. shall eaceed the amount required to pay said taxes,
<br />aummen% im ter cs premiums and grouroll rents as they tail due, such excess shall be, at Borrower's option, either
<br />prowrpty repaid a Borrower or credited to Borrower on tMtMhly imtaUnremts of Funds. If the amount Of the Funds
<br />held y Lender shag not be wfbeient to pay taxes. a!tessmenn, insurance premiums sD days r and re date notice isalmaikJ
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency
<br />by I ender to Borrower nuquntisg payment thereof.
<br />Upon payment in full of all surns secured by ibis Deed of Trust, Lender shall promptly refund to Borrower any Ft-,..Js
<br />held by Leader. If under paragraph is hereof the Pro is sold or the Property is otherwise acquired by f ender. Lender
<br />"W apply. no later then immediately prior to the ark of the Property or as acquisition by Lender. any Funds held by
<br />Lender at the lime of aWkMwn as a credit against the sums secured by this Deed of Trust.
<br />3. AppBeMfaw of pa70esta Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragra hs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the principal of the Note. and then to interest and
<br />prineiaai on any Future Advances.
<br />(( Chnges; t:kw. Borrower shall pay all taxes. assessments and other charges. fines aoJ mposiiions atuihutabk to
<br />the Property which may attain a priority over this Deed of Trust, and lea %%hold payments or ground rents. if any, in the
<br />woman provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due. directly
<br />to the payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the
<br />event Borrower shall make payment directly. Borrower shall promptly furnish to Lender receipts evidencing such payments
<br />Borrower shall promptly discharge any lien which has priority over this heed of Trust: provided, that Borrower shall not be
<br />required to discharge any siscfi lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien ,n.
<br />legal ptoceedin`t which operate to prevent the enforcement of the lien or forfeiture of the Property or any pan thereof.
<br />S. Ilanri lsasrasee. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against four by fire, hazards included within the term "extended coverage', and such other hazards as I.cndcr ntay req,nrc
<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 bmounl of coverage required to pay the sums secured by this Deed of Trust
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by I cndcr: providc.i.
<br />thM such approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner
<br />Provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />insurance carrier.
<br />All insurance policies and renewals thereof shall be in form acceptable to I coder and +hail include a standard mongage
<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 Borrower shalt promptly furnish to Lender all renewal notices and all receipts of paid premwms. In the event of loss.
<br />Borrower shall give prompt notice to the insurance carrier and Lender. Lender may male proof of Ion. It nut made prnmplly
<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 security of this Deed of Trust is
<br />trot thereby impaired It such restoration or repair is not economically feasible or if the security of this feed of Trust would
<br />be impaired, the insurance proceeds shall be applied to the sums secured by this Decd of Trust, with the excess. if any, paid
<br />to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the
<br />date notice is mailed by i.ender to Borrower that the insurance carrier offers Icy $tide a claim for insurance benefits. Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due dale of the monthly installments referred to in y iragraphs 1 and 2 hereof or change the amount of
<br />such Installments. 11 under paragraph IN 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 Iron, damage to the Property prior to the sale
<br />or acquisition shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such safe or
<br />rim.
<br />acquisit preserve"* and Miteaewcr d property; LeeaeltoMa: Citrirdeiwiwiusas; Manned Unit Developments. Borrower
<br />shall keep the Property in gumd repair and shall not commit waste tar pernitt impaunscnt tar deterioration of the Property
<br />and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold If this Deed of Trust is on a unit in a
<br />condominium or a penned unit development. Borrower shalt pedorm 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 or planned unit development
<br />rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such rider
<br />Shall he incorporated into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider
<br />were a part hereof.
<br />7. Protection of Landers StrnrNy. If Borrower fails to perform the covenants and agreements contained in this
<br />Dowd of Trans. or if any action or proceeding is commenced which materially affects Lender's interest in the Property.
<br />including, bur not limited Io, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a
<br />bankrupt or decadent, tber Lender at Lender's option, upon notice to Borrower, may make such appearances, drehurse such
<br />saris add take stick action as is necessary to protect Lender's interest, including, but not limited to, dishuidement of
<br />reasonable atlorirey's low and entry upon the Properyy to make repairs If Lender required mortgage Insurance as ■
<br />coodilton of making the loan secured by Ibis Dead of Trial. Borrower shall pay the premiums required to maintain ouch
<br />iaaoraace in effect until such time as the requirement for such insurance terminates in accordance with Borrower's and
<br />Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums lit the
<br />manner provided uncles paragraph 2 hereof.
<br />Anyy astound disbursed by Lender pursuant to this paragraph 7, with interest thereon shall became addition :d
<br />iridehteetitu of Bofrowet secured by this Deed of Trust. Unless Borrower and Leiter agree to other ternis of payment. sot h tats
<br />amounts shelf tae payable upon notice from Lender to Borrower requesting payment thereof, and shall fear interest Irom the
<br />date or Ohbursemrrst at the rate payable from time to time on outstanding principal under the Note unless payment of inierett
<br />at such rota would be contrary to applicable low, in which event such amounts shall hear interest at the highest rate
<br />pen nioubls under applieabla law. Nothing contained in this paragraph 7 shall require Lender to -ncur any expense or take
<br />any "lien hrrsunder.
<br />S. las,erbaa. tender may make or cause to be made reasonable enines upon and inspecloom of the ftropdrty" pfasided tied
<br />that tender shall give Botrowei notice prior to any such inspection specifying reasonable causr iherefo, ielaied ro 1 cndcr .
<br />interest in the Proocrtv,
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