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V1•6 85= 001579
<br />UNtP*au1 C*4`114411" Borrower and Lender covenant and agree as lollwws:
<br />11• PayAagt at ant NMeswl. "orr*►rsr Shrl Promptly pay when duce the principal of and inured on the
<br />i evidenced by the brats. turd lass sharps as provided in the Note, and the principal of and interest
<br />om ap Future Adranees soured by Iola Dssd� M Trull.
<br />)Roads far TOM lead lava- -m. Sobjeet w spplkahle law or to a writlen waiver by Lender. Borrower shall pay
<br />to lender on the day monthly iaullnssms of principal and interest are Payable urs�r the Nine, until the Note is paid In full,
<br />a sw^ (herein "Ponds") sgtat tosene4weHM of the Yearly taxes and asble tin ms which may attain otis Priority over this
<br />ONd at Trust, and growat rcan an the Property, it any. phis oae•twelflh of yearly premium installments for hazard insurance.
<br />Ph" cst•Iwelfth of yearly premium installment, for mortgage insurance, if any, 211 As reasonably estimated initially and from
<br />I"" to time by Lender an the bas of amessmests and bills; and reasonable estimates thereof.
<br />The FwtM sMH be IseW in an irlgqulion the deposits or accounts of which are insured or guaranteed by a Federal or
<br />insurance pammupiss sand ground! ten Lender may not charge for so holding and applyinFunds he sFunds analyzing laid soccuoum
<br />Of ve °tying ands om make ch asaesame is and belle, unites, Lender pays Borrower interest on the Funds and applicable law
<br />@pseinus Lender to melee stseh a charge. Borrower and Lender may agree in writing at the time of execution of ilia
<br />Deed of T: yt that interest on the Funds shsN be paid to Batower. and unless such agreement is made sit applicable law
<br />regwres such interest to be paid. Leader shRH pM be required to pay Borrower any interest or earnings on the Funds. l.cmler
<br />shit give to Borr*srer, wilhoW charge an annual accounting of the Funds showing credits and debits to the Funds and the
<br />for which each debit b the Fwd, was made. The Fwds are
<br />tAs peed of Truro. Pledged as additional security for the sums secured
<br />The due
<br />It All' OW of UM tam. of the Funds hold by Lender, together with the future monthly installments of Funds payable prior tit
<br />assesrms^ts• intu"met premiums and ground rents, shall exceed the amount required to Pay said uses.
<br />sresstnernt insurance premiums and ground rents as they tall due• such excess shall be, at Borrowers option, either
<br />held bYfYt e��HbOrrowtr or credited to Borrower on monthly installments of Funds. It the atmolitst of ;he Funds
<br />Borrower shall to Lender say to pay uses, assessments. insurance premiums and ground rents as they fall due.
<br />P4Y y amount tsacasar to make up the deficiency within 30 days from the date notice it mailed
<br />by Leader to Borrosrsr requatief WYmast them*!.
<br />Upon payment M full of alt sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any Fs:..Ja
<br />bald by Leader. If under paragraph Ig hereof the Property is sold or the Property Is otherwise acquired by 1 ender. lender
<br />,loll apply. no later than immediately prior to the sale of the Property or its acgmisnion by Lender, any Fumes held e e
<br />Leader at the lime of atiMS as a credit against the sums secured by his Deed of Trust by
<br />J. Applieatlan w/ /ayweaM Unless applicable
<br />Note and paragrap�ss I and 2 hereof ,hall be ppti by law Lenderrfirst otherwise n paymen all payments receivedubycLender
<br />by under whe
<br />under paragraph 2 Isereof, !(sin to interest payable on the Note, then to the principal of the Note. and then to inertia and
<br />Pinner on any Future Adraerces.
<br />•( Chasgest LIM& Borrower shall pay all taxes. assesrmeni% and other charges. fines Anil Impositions anribmable no
<br />the Property which may attain a priority over this Deed of Trust, and eew -thold payments or ground rents, if any. in the
<br />rnaneer Pt^s'ided under paragraph 2 Hereof or, if not paid in such manner, by Borrower making payment. when due, directly
<br />to the payee 'hereof, Borrower shall promptly furnish to Lender all notices of smounls due under Whit Paragraph, and in the
<br />creme Borrower *hall make Payment directly, Borrower shall promptly furnish to Lender receipts evidencing stich payments
<br />Borrower *hall promptly discharge any lien which has priority over this Deed of Trust; provided, that Bunowcr shall not he
<br />required to discharge any such lien so long as Rorowar shall agree in writing ro the payment of the obhgat -n secured bi
<br />such lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such hen m.
<br />legal Pro- c_eedings which operate to prevent the enforcement of the lien or for of the Property or any part thereof
<br />d fawraaes. Borrower shall keep the impro vements now existing or hereafter erected on the Properly Insured
<br />against loos by Ere, lairds included within the term "extended coverage ,and such other hazards as e.cndcr may require
<br />and in such arm0MR11 and for such periods as Lender may require: provided. and Linder shall not hazards s than she ay req tat
<br />sureh coverage anceed that amour of coverage required to pay she sums secured by 1h,% Decd of Tnut
<br />The insurance carrier providing the insurance shill be chosen by Borrower sublet; 10 approval by 1 ender: provided.
<br />tiat each 11111 "al tdealf not be unreasonably withheld . All premiums on tmurance Policies shall Ix paid in the manner
<br />provided rerWraFapb 2 hertol or, it not paid in such manner, by Borrower making payment• when due• directly to the
<br />All insurance policies and renewals thereof shall be In form acceptable to 1 ender and shall include a standard mongage
<br />clause in flavor of and in form acceptable to Lender. gender snail have the right to hold the policies :mil renew:Js thereof.
<br />and Borrower shell promptly furnish to lender all aff will notices and all rece,p,s of paid premmma In she evens of loss.
<br />Borrower shall pve Prompt rwteee to the inwnnce carrier and Lender. Lender may make proof of loss II not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to reuoranon or repair of
<br />the Property damaged, provided Such restoration or repair is economically feasible and 'he seturily of this eked of Trust 1%
<br />not thereby impaired. If such tstoratton or repair is not economically feasible or if the security of this peed of Tn,st would
<br />be impaired, the insurance Proceeds shall be appled to the sums secured by this Decd of Trust, with the csceaa, if any, pall
<br />to =oz. If the Property is abandoned by Borrower, or if Borrower fails to respond 10 lender within 30 days from the
<br />14 authorized to date notice is mailed by Linder to Borrower that the insurance carrier offers In settle a Llaim lot instirartcc benefits. Lender
<br />or to the sums Sawed by this Dead of Taus prrxttds at Lenders option either to restoration or repair of the Propcny
<br />Unless Linder and Borrower Mherwise epee in writing, any Such application of Proceeds to principal shall 1110, extend
<br />or palpate the due date of the rapnhly installments referred to in paragraphs 1 :mil 2 hereof or change the amount of
<br />sit rmuHment. t! under paragraph 1st 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 print to the sale
<br />or tlegwlinon shall ;,ass to Lender to the extent of the sums secured by this Deed of Trust Immediately prior to such safe or
<br />acquisition.
<br />i Pnomaden sad Mdntwsee at Prop". Lrasebslds; C
<br />shah keep she Property in good repair and shall taw consmn waste Air �t tMMwed Uwh Dsvt
<br />I sMll comply wit h the previsions of any lease if this feed of Trust it on a leasehold It this Deed of Trusbiyuon aeunit in A
<br />Permit impaunicni ter delcrioralwn of the Properly
<br />of cove mum or ■ planned unit development, Borrower shall perform all of Borrowers oAtigon,ons under the declarotton
<br />ca covensnH err pi I or govermng the condominium or planned urn dtrelopment, the by huts and reguhunna nit the
<br />candominwm or planned unit deveeopntenl, and consutuem documents. e l development. he b l planned amt lmm of th
<br />rider is Incorpo to Borrower and recorded d sup l with this Deed of Trust, the covenants and agreements of ►uch rider
<br />Shelf he Fort heorassd into and aM11 amend and,
<br />were a pan hereof. uPWemeot the covenants and agreements of this Deed of Trutt as it the ,der
<br />pgs/ of Trues, Ledss9 SftwkY• If Borrower fails to perform the covenants and s reemeni% contained n this tiol ituligf �1 R or Proceeding is commenced which materially affects Lender's interest in nhe Property,
<br />bsMtaq or datedeat, Thee l trader �ttLcn !s opt �y code enforctmen;, or arrangements or proceeding% involving a
<br />IV" and take such action as is nmessary 10 pprroqteel Lender's interest. Iruceludmj eke luchappeara c % 111%hurse such
<br />reaaan attarnrya tut old entry upon the Proptrt to make repairs If Lender rtquimd mortg pe insurance 2s a
<br />condition ,n ^eta the ban sacund by this Deal of
<br />Tngt, Borrower 111414 pay the premiums required to maintain arch
<br />sAeet wmtd such lime ca the requirement for such insurance terminates in accotdance with Borrower`s and
<br />Lender's written agnsamtn or appircable law Borrower *hall pay the smrwnl of all mortgage Insurencc
<br />Mannar Provided u^�r mph 2 hereof.
<br />An rr $MOWS d' by Lemler � Premiums tat [fit
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<br />by of Borrower secured by this eked of Trwl.� this Borrower and I emkr interest
<br />g,eersn other lerfm nl,m
<br />sMR he NYsbk upon notice from t.emler 10 Borrower re questing a add,hnn.d
<br />alas of dlbsgears"t r the rate y f MYr^tm thereof and %hall hear inteerrestll omtuhe
<br />at such rats payable from lime 10 Nme on ou,tsnding principal under she Note inlets p*ymens of inletes,
<br />would be written* to thing o hut, in wbich "C"If euceh smoumtt shall hear nnercat 01 the h,ghtu nWe
<br />Dermunble under applicable law. Nothing contained in this paragraph 7 shalt lequtre Lender to rsres an tx
<br />any action hereunder.
<br />I. ter'hall site Le Borrower may make pr cruse to be mode reaurnah1c Crimea upon anti n,strcl_Pn of It,t. p„ pen%e o tike
<br />that Vender n' shall ver Borrower iaehee poor to any such inspection apec,lymg reasanahle tame iherefu. .rfated
<br />,rmetMt In ih1 /rooenr piny pit,. ulrJ
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