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<br />UrviPIMM I INF1!%H 15 It. ..... w'er aril I.rooter covenant and afire! a% folio-s 85a 4 00044
<br />1. Paymeas Of Prtwcipsl and !Mimi. Borrower shall promptly pay when due 'ere pnnuPai of and mrrrc%t on the
<br />mdebtedriess evidenced by the Note, prepaymt•nt and late charge, as provolled in the Nom, and the prncipa; of and interest
<br />on an Futu Advances sectored by tills Medial Trust
<br />2. re 1►tatds for Taxes said Inesessece. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest rote payable under the NNte. until the Note n paid in (till.
<br />S own (herein •'Fund +'1 equal to ~-twelfth of the yearly utrs and sae %%mina which may attattt proruv over this
<br />Deed of Trust, and ground rents on the Property, if any, plus one - twelfth of yearly prenuom moal7mN.ts for hazard Insurance
<br />plus one-lwelfth of yearly premnmm installments for rnurtgagc insurance, if any, all as re:.%nnahly cu mated initially and from
<br />time to time by Lender on the basis of assessments and belh and reasonable estimates thereof
<br />The Funds shell be held in an institution the deposits or accounts of which are ensured or guaranteed by a Federal or
<br />state agency (including Lender if L.endcr is such an institution). Lender shall apply the Funds to pay said casev assessments.
<br />insurance premiums and ground tents. Lender may not charge for so holding and applving the Funds, analyzing said account
<br />or verifying and compiling said assessments and hills. unless Lender pays Borrower interest on the Funds and applicable law
<br />peonies Lender to make such a charge. Borrower and Lender may agree in wratng at the lonte of execution of this
<br />Deed of Trust that interest on the Funds shall be paid to Borrower, and tinttss such agreement i% made or applicable law
<br />requires such interest to he paid Lender shall not be required to pay Borrower toil) .nocre %t or earnings on the Funds. t ender
<br />*hall give to Borrower, without charge, an annual accounting of the Funds showing credits and dehns to the Ftmds and the
<br />purpose for which each debit in the Funds was made. The Funds are plydged so a,iditionsl %it urify for the sums secured
<br />by this Deed of Trust
<br />If the amount of the Floods held by Lender, together with the future monthly installments of Funds payahlc prior tit
<br />the due dates cf taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said lases.
<br />atitasaments, insurance premturm% and ground rents as they fall due, such excess shall he, at noreower's option, either
<br />Zone ly repaid to Borrower or credited to Borrower on monthly installments of Ftimis If the amount of the Funds
<br />held by Lender shall not be sufficient to pay tares. assessments. insurance premiums and ground rents at they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency wtthm 10 days from lh_ date notice is mailed
<br />by Lander to Borrower requesting payment thereof.
<br />Upon payment in fall of all sums secured by this Deed of trust, I ender shall prnmpily refund of Borrower anv Ft:..Js
<br />held by Lender. if under paragraph Ig hereof the Property n sold or the Pioprtly is .,Jo,e,w.0 .iciii,tred by 1 ender Lender
<br />shall apply. no later than immediately prior to the sale of the Property or its acgo ,,t: •n by I end, r .im Fund% held by
<br />Lender at the time of application as It credit against the sums secured Div this Deed of i rust
<br />J. Appffeulon Of Payments. Unless applicable law pmv,dn olhetvnse. all paxmeno% re,eo:ed by I ender under the
<br />Note and paragraphs I and 2 hereof shall be applied by l ender first to payment of am,n.no% pa%ahle +.• I ender by Btorrowcr
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the principal of if.; ...ate anti !hen lit i' crest and
<br />prirtctpal on any Future Advances.
<br />{. Charges; Mae. Borrower shall pay all taxes. assessments and other charges fines ano ,nipo%otoons attributable it, the Property which may attain a priority over this Deed of Trust, and lea--hold payments or ground rents. if any. in the
<br />meow 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 ail notices of amounts duc under this paragraph, and in the
<br />event Borrower shall make payment directly, Borrower shall promptly fnrnish to l ender receipts evidencing such payments
<br />Borrower shall promptly discharge any lien which has priority over this Deed of Trust. provided, that Burrower shall not he
<br />required to discharge any such hen so long as Borrower shall agree in writing to the payment of the obligation secured b%
<br />such hen to a manner acceptable to Lender, or shall in good faith contest such hen by. or defend enforcement of such hen in
<br />legal ceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof
<br />FHxcwd Itsw*raraee. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against Iola by fire, hazards included within the term "extended covers`e', and such other hazards as D.cnder may require
<br />and in such amounts and for such periods as Lender may require: provided. that (.ender shall not require that the amount i•t
<br />such coverage exceed that amount of coverage required to pay the sums secured by this Dced of Trust
<br />The insurance carrier providing the insurance %hail be chosen by Borrower subject to approval by I ender. provided.
<br />that 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 ender and %hall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender shall have the right to hold the I Nfi%ae% :end renewals thereof.
<br />and Borrower shall promptly furnish to Lender all renewal notices and all receipts of pied premium% In the event of looks.
<br />Borrower shall give prompt notice to the Insurance carrier and Lender. Lender may make proof of los% it not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds %hall be applied ar rcoorauon or repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this feed of Trust r%
<br />not thereby impaired. 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 shall be applied to the sums secured by this Loccd of Trust. with the execs%, of any, pilot
<br />to Borrower if the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 day% from the
<br />date notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for msttancc benefit, I.emkr
<br />it 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 Leader and Borrower otherwise agree in writing, any such application cal proceeds to pincipal %hall nut extend
<br />or tpone the due date of the monthly moll.-1ments referred to in i.atagraph% I Intl ' hereof or change the amount 01
<br />such installments If under paragraph 19 hereof the Property is acquired by t colder ..It r,fihf. tale and mterext of Borrower
<br />In and to any insurance poleues and in and to the proceeds thereof resulting Iron, damare to the Property prior to the sale
<br />or acquisition shall pa%s to Lender to the extent of the sums secured by this Decd of l ru%t immediately prior to such sale or
<br />acqsis Ilion
<br />.
<br />6. Praervatlms ltd Maeuensnce of Properly; Lesneholda; C'ertdoasilnftrnis; Planned Units Ikvclnpmsents. Beirrower
<br />shall keep the Property in gin,d repair and shall not commit waste or pronto m,palonicm ar docrioration of the Property
<br />and shall comply with the provisions of any lease if this Iced of Trust n on a les%thold If this feed of Trust n on a unit in a
<br />condominium or it planned unit development, Borrower shall perform all of Borrower s obligations tinder the declaration
<br />or covenants creatin /, or governing the condominium or planned unit development. the by-laws and regulations of the
<br />condominium or l.lanrted unit development, and constituent document% 11 a condominium cn planned unit devehopment
<br />rider n eteeoted by Brrrrnwer and recorded together with this letd of Trint. the covenants and agrecmems of such rider
<br />shell he incorporated info find shall amend and supplement the covenants and agreements of this feed of T'rusl as if the rider
<br />were a part hereof
<br />7. PtOleeNen of iNAer'r 3rcarlty. If Borrower fish to perform the covenants and agreement% contained in this
<br />(7Md of Trans. or if any action or proceeding is commenced which materially affect, tender'& interest in the Properly,
<br />rnehding, but not ! imited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings Involving if
<br />bankrupt or decedent, then I ender at Lender's option, upon police loo Borrower, met make such appearances di%hurse such
<br />sums and take such action at is necessary to Protect Lenders interest. encltidata four not limited tit, dnhur%ement of
<br />reasonabk attorney's fees and entry upon the Property to make repairs 11 lender required rnorlgage insurance a% a
<br />on
<br />cdition of making t" loan secured by this Deed of 'trust. Borrower shall pay the premiums required in maintain such
<br />Insurance in effect until such time as the rtquirement for such insurance Itnmmatex in accordance with Borrower's and
<br />Lender's written spreement or applicable law Borrower shall Tray the amount of all irtorlgage insurance picntiumt m the
<br />manner provided under paragraph 7 hereof
<br />Any srrrotrnis disbursed by I ender pursuant to this paragraph 1. with mleresi thereon %hall bc%ome add,iwmil
<br />indthtedne" of Brirrower secured by this Ifeed of front Units, Borrower atnl 1 ender agree to other term% of payment %to%h
<br />amounts shall he payable upon noire from 1 ender to Borrower requc%ims psymeni theseol, and Mall twit, interest from the
<br />due of ilkliturvemeni at the rate payable from time in rot on outttanding principal under the Note tiniest payment of interest
<br />at such tale would he contrary to applicable law, in which event etch atnno i% %hall hest interest at the highest rate
<br />permissible under applicable law Nnrh,nif ronham -tt tai ihn Iaragraph 7 01a11 trgnirr I.rnder In osur any expense or take
<br />any action hereuntkr
<br />g. frm'tclfnn. 1 cider rnny n,ake tot c *use to hr made teasonahle robe% up%sn t,1,) .mve, n,rw of the Properly pro%ulyd
<br />that unlit &hall g,ve Itum.uer ., .ar prior to any such ompecrton iifymg nea%,auhtr I aloe therelnt rrialed n, t cadet .
<br />,nferMt in nce Proorlsv
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