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<br />VI -b
<br />85-- 001578
<br />U"WMM COYINANTI. Borrower and Lender covenant and agree as (olta%wa'
<br />r
<br />I. �l�tM of >rrineipsl and hNeswl. Borrowm SM" promptly fay *ban due the principal of and interest on the
<br />I inrkMednes. svidausd by the Nate. prima t lint lax charges as ptevided in the Note. and the principal of and interest
<br />on asy Future Advamen secured by Ihp Uec Tnrrt.
<br />1 Ftaadg alt Timm goad MMnmcY• Subject to mWicahle law or to a written waiver by Lender, Borrower shall pa
<br />to l.ender on the day monthly installments of Principal and interest are payable trader the Note, until the Note ;s paid in full
<br />A ad (herein "Funds") ground ten" weUrt .I the yearly taxes and assessments which may attain priority over this
<br />Dead of Trust, raid Property, if an plus one- iwelflh of yearly premium installment, (or hazard insurance.
<br />plot oneawelfth of yearly premium instalfrnems for mortgage insurance, if any, all as reasonably estimated ;ntially and from
<br />ION Io Innt by Leader as IIa basis of assewmmft and bills and reasonable estimates thereof.
<br />The Funds s1aN be held in an irmilulion the deposits or accounts of which are insured or guaranteed by a Federal or
<br />State agency (including Lender if Lender is such an institution). L.endcr shall apply the Funds to pay said rites, alces%ments.
<br />insurance Premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying and compiling said ax►,sa"Is and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />Deed o Lender t to make such a Charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Deed eN True that interem on The Funds shall be [said to Borrower, and unless atich agreement is made or applicable law
<br />ngurrss such interest to be paid, Lender shill trot be required to pay Borrower any interest or carnintis on the Funds, Lender
<br />shelf give W hick ca, wilho s charge, an annual acconuing of the Funds showing credits and debts To she Funds and the
<br />for wbfeb each debit to the Funds was Trade. The' Funds are
<br />the Dead of That. pledged as additional security for the sums secured
<br />11 the amount of The Funds held by Lender, Together with the futtere monthly imlatlments of Furls payable prior to
<br />the due efatea of taxes. ssaewrleats irrsursince Premiums and ground rents, shall exceed the amount required to Pay said tales.
<br />nusMS, insurance pntniums and ground rents as they fall due, such r .keels shall 6e. ar Batroweri o; .ion, r :her
<br />pnott'ptly reedit to Borrower or credlled to Borrower tin monthly installments of Funds. If the amount of the Funds
<br />held under" not be Buff ctest to pay taxes, assessments, insurance premiums and ground rents a they fall due.
<br />Borrower shall fay to Lender any amount risen" yy to make up the deficiency within 30 day: from the date notice is ladled
<br />by tender to borrower requesting payment them, .
<br />Upon Paytment in full of all sums secured by this Deed of Trust, lender shall promptly refund to Borrower any Fn „d%
<br />held by Leader. If under paragraph Ig hereof the Property is sold or the Property is otherwise acquired by I ender. Lender
<br />LeadOW I1PPIY. no later than immediately prior to the sae of the Property or its acgri;uhon by Lender, any Funds held er
<br />the t f lop
<br />Note a credit against the sums secured by this Deed of Trust. by
<br />NMS std paragraphs I and 2 hereof shalll be �pp1� byaLe�rtfirsst �n paywmeIII a unmemss payable to I Criderr by under the o%er
<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 />Principal on any Future Advances.
<br />( C
<br />haRp: LJeaa. Borrower shall pay dl taxes. assessments and other charges. fines and rmposrtions anributable ui
<br />the Property which may attain a Priority over this Decd of Trust, and leaxhold payments or ground rents. If any, in the
<br />to f
<br />m mFntw P�� under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly
<br />payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the
<br />araat nis
<br />Borrower shall make payment directly. Borrower shall promptly furh to Lender receipts evida
<br />enog %rich payments.
<br />Borrower shall promptly discharge any lien which has priority over this teed of Trust: provided. that Borrower shall not he
<br />required to discharge any such Inn so long as Borrower shall agree in writing to the payment of the obligamin secured by
<br />such lien in a manner acceptable to Lender, or shall in good faith contest sttch lien by, or defend enturcemenu of such lien in.
<br />legal Proceedings which operate to prevent the enforcement of the lien or forfeimere of the Property or joy pars thereof.
<br />s• sib lmmnmKe. Borrower shall keep the improvements now existing or hereafter erected on the property mturcd
<br />against lose by Are, hazards included within the term "emettdud coverstj_ and such other hazards as Lender may require
<br />and in such amounts and (or such periods as Lender may require; provided, that Lender shall not require that the amount rt
<br />such coverage exceed that amount of coverage required to pay the sums secured by th.% Iced of Trust
<br />The insurance carver providing The insurance shall be chosen by Burrower subject to approval by I ender. provdcJ.
<br />that such a�°�'al AMN not be unreasonably withheld All premiums on insurance policies shall be paid in the manner
<br />prosier '00xr Pus alb 2 hereof or, ;f rot paid ;n such manner, by Borrower making wswaa,e carrier. g payment, when due, directly to the
<br />All insurance policies and renewals thereof shall be in form acceptable to I ender 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 renewals thereof.
<br />and Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premmisit In the event of loss.
<br />Borrower shall give prompt ranee To the insurance carrier and Lender. Lender may make prop( of tors, if rtui made prnmptl)
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree ;n
<br />the Property damage!, provided such restoration or writing, insurance proceeds %hall be applied to rc%iorauon or repair of
<br />repay Is economically feasible and the seciinty or this Deed of Trust I,
<br />not thereby impaired. It such restoration or repair is not economically feasible or if the security of this Deed of Trost would
<br />be impaired, the maus"Imce proceeds shall be applied To the sums secured by this Decd of Trust, with the excess, if any, pails
<br />to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond so Lender within }o days from the
<br />data notice is mailed by tender to Borrower that the insurance carrier offers to settle a %laim for mstirance benefit, (.ender
<br />is authorized to collect and apply the insurance proceeds at Lenders option ether to restoration or repair of the Properly
<br />of so 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 posTPcft the due date of The monthly insts!lments referred to in Paragraphs I and 2 hereof or change the amount of
<br />suchh irtallments. If under Pa /agraph III hereof the Property Is acquired by Lender, all light, title and interest of Borrower
<br />in and to any insurance policies and in and to the proceeds thereof resulting from damage ro the Propeny prior lo the sale
<br />or acquisition shall pass to Lender to the extent of the stmt secured by Ihn L)eed of Trait imnrcdiately prior to such sale or
<br />acquisition.
<br />i. Pn o"adsa and Mst♦tesamre of If, separq: lAsserbolds; Cenda
<br />shall keep the Property In good repair and shall nut commit write sir Pltta'ed Uah Dewe
<br />and shill corm permit impannecnt or dcrertorahob�ntshe property
<br />condom;mw..)i a Planned The provisions de of any lease if this feed of Trust is on a kasehold If this Deed of Trust n on a unit in a
<br />o covenants creating s�;ed unit dCVeMprosm, Borrower shall perform all of Borrower's oblganions under the declaratron
<br />governing the condominium or planned unit development, the bylaws and regulations of the
<br />condominium or planned unit development, and cwuuluent documents. If a condominium or planned unit development
<br />rider it eseculed by Borrower and recorded together with this Deed of Trust, the covenants and agreenicni% of such rider
<br />tat he mcorpwsxd into and shelf amend and w
<br />aem part hereof. PPtemeat the covenant and apeemtnts of this Deed of Trust as if the rider
<br />PrsaeeMsa M EOsMda'a S"`s`MY. If Borrower (ails to perform the covenants and agreements contained in this
<br />Dead of Trust, or if say action or proaeadmg is coasmeneed which materially affects Lender's interest in the Property.
<br />including, but not limited to, eminent
<br />beakrupl or deeedemt Then demerit, ptionixtcy, code cr.lorcetsrent, or arrangements of
<br />Lender at Lender's option, upon notice to Borrower, may rnke such appearan es Jlsnvol such
<br />soma end take such agron ss is necessary to «T Lenders raaaanajda Witrnty's (am And entry hors imepair. including, but not limited lo, disbursement no
<br />Y Pon the openr a make repairs If Lender required more a
<br />i"$Ws e in rrteltiog the such secured th This Dead of Trust,
<br />tnsarn'ce is ten sr %pull such same as t requnement (or aucBorrower ;nsuranceatermy the In accordance with maintain and
<br />Pay premiums required to maintain such
<br />Lsadeti wnuen under a or applicable law. Borrower shall pay lots amount of all morigage Insurance premiums tit the
<br />mpN%ar peovtded under parspaPh 2 hereof.
<br />Any Amounts d;aburscd by I.endsr pursuant o this Paragraph indebltdneM Of Borrower secured by this (seed of Trust. llnk�ssr Borrower and 1 enstcreigree eo other terms additional
<br />amounts shah he Payable upon nonce from Lender to Borrower re unfit e
<br />data o(dhbunament a the rata payable from Isms ro time on outstanding
<br />Westing pr�aymeI under f. an e A oleo Pam interest Ito,” the interest
<br />ai wets tars would be contrary to spplrcable law in which event %itch amounts shall hear mercer at the highest rate
<br />Perm;auble under applicable law. Nothmg contained in flit
<br />any action hereunder. Paragraph t 'hall require lender to neur an ea
<br />g. Iagesslan. Lender may make or cause to be made reawnahls anent ri y Pcnte or take
<br />that Lender shall give Bonrower nonce pnor to toy such ins
<br />,ntenar in the protrMV inspection specefytng tgtcnshlr,cau'- a of Ihc• prrtpertr pn.,,nrrd
<br />herNn. .elated u. 1 cndtr .
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