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<br />002366
<br />Uri /roam Covrrtnrvrs. Borrower and Lender covenant and agree as follows:
<br />I. Payment of Principal and Inleresl. Borrower shall promptly pay when Line the principal of and interest on the
<br />indehtedness
<br />evidenced by the Note, prepayment and late charges as provided In the Note, and the principal of and interest
<br />Future
<br />on any Advance%secllred by this Decd of Trust.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall
<br />Lender
<br />to pay
<br />on the day monthly installments of principal and interest are payable under the Note, until the Note is in full,
<br />"Funds ")
<br />it sum (herein paid
<br />equal to one-twelfth of the yearly to \cs 'trill asses %netts which may attain over Chic
<br />Deed
<br />priority
<br />of Trost, and ground rents on the Property, )f any, plus one- Iwelflh of yearly premium installmmems for hazard insurance.
<br />I'll's one - twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and hills and reasonable c'slinlales thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or Guaranteed by it Federal
<br />or
<br />state agcnc)' (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said ta\es, assessments.
<br />nsurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessments and hills, unies, i.ender pays Borrower interest rnt the Fonds and applicable la%%
<br />permits Lender to make such a charge. Borrower and Lender may agree in wiling at the time of c\ecution of this
<br />Decd of Trust that interest on file Funds he
<br />shall paid Io Borrower, and unless such agreement is made or applicable law
<br />requires such interest to he paid,-Lender shall be
<br />not required to pay Borrower any interest or earnings on the Fund%. Lender
<br />shall give to Borrotvcr, without ;barge, an annual
<br />accounting of the Funds Showing credits and dchits to the Funds and the
<br />purpose for which each debit lo the Funds was made. The Funds are as
<br />pledged additional security for the sums secured
<br />by this Decd of 'f'rust.
<br />If the anu,tlnt of the Funds held by Lender, together with the future monthly installments of Funds pa)ilhlc to
<br />doe
<br />the prior
<br />dales of late%. assessments, insurance premiums and ground rents, shall exceed the amount required to
<br />pay said ta\es.
<br />;t%sessmcnts, insuance prcimunn and ground rent,; ;is they tuff due, such c\cess shall he. of Borrower's option, either
<br />1rompily repaid to Borrower or ,redited to Borrower on nuauhly installments of Funds. If file amount of file Funds
<br />belt! by Lender shall not he sulticicnf to 11:1 }' I:1 \C %, ;ISSes%Illepts, Insurance premiums and ground rents as they fall due.
<br />Bnrtower
<br />shall pay to Lender ;Inv amour' necessary to make ill, (tic deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting pavmcnt thereof.
<br />Upon payment an full elf all sums secured by this Deed of l ru%I. Lcnder Shall ,rom Ily refund I(1 Borrower Fund,
<br />any
<br />:cud by I - -fer if ender paragraph IN hereof the Property i% old „r Itic f'r+ +pert)' iS oflCrtY1SC aCglllrCd h)' Lender. 1 ender
<br />%hall apply. no later( than immediately prior 10 the sale of the, 1'roperl5' tit ps acclumi by Lender,
<br />on any Funds held hY'
<br />I -ender at rile time (+f application as a credit against the slims %s'core'd by this Deed (lt frast.
<br />3. Application of Pavwein%. Unless applicable late provides otherwise. all paynienl% teccrted by Lender
<br />Note
<br />under the
<br />and paragraphs I and 2 hereof sh:lll he applied by Lender first fit payment of aniounts payable In Lcnder by Borrower
<br />tinder paragraph 2 hereof, then to iotere %t payable on the ,Vote, then to the principal of the Note.
<br />and then to interest and
<br />Principal on any Future :Advances.
<br />4. Charges; Liens. Borrower shall pn all ta\es. and oilier charges. fines and Impositions ;utributahle,
<br />In
<br />ncc property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if in
<br />any, the
<br />manner provided under paragraph i hereof or, if not paid in such manner, by Borrower making payment, when due. direelly
<br />Io the -ec
<br />I,a) lheceof. ilorrm%vr •.hall prnnlply furnish to 1 endcr ;l!I nonce, of amounts disc under this paragraph, and in the
<br />"%cnt BorrO',t'cr shall tllake
<br />payment (hrectly, Borrower ,hall pronipl!v litimSh to i.crlder receipts evidencing Stich payments.
<br />Harrower Omit prc•mptiy discharge lien •.finch has
<br />any priority ( „cr tills Decd of Trust: provided, that Borro%%cr shall riot he
<br />regtt;red h, discharge any such lien ,,, Inng as florrowcr shall agree ill %%riling fo
<br />file payment of the obligation Secured 11%
<br />uch Len Itt a tnanrer acceptahlc to Lender, fir %hall ;n good Lnlh sourest %uch lien hy, or :defend enforcement of
<br />!ega! lien
<br />Stich m.
<br />pro,cedplg% tallish operate to prevent O)c enforcenlent rl life licit or fr+rfcunre ,,I the Proprnc IT :any part thereof
<br />�. Iiarard Insurance, lformwrr
<br />shall keep the Inlprovcnaents now e \Kfifag or hereafter erected r.n the Piopert\ insured
<br />.,g, +clsa !Ise by fire, hazards inrludell urtfun the "e%lended -.:old
<br />;erns -,ovcragc' such „liter hazard% as 1 endcr play require
<br />:Ind in %uch arinpma ;;rid for such petards os I ender ntay I(•quirc: ;l. ;hat Lcnder
<br />provtdc %bail not require that the amount of
<br />%rich :I,verive c\cecd that amount p( coverage rcqulred Io pay the sisal% %crtlred b4 1111% Decd of Trost.
<br />fT° :nv r nee earner providing the msnriincc %hail he chr,wri he Hpriotver suhrect io ipprl,,a! ht. I ender. p7av+ded.
<br />.hat sur:h ,pproyal Shall not he unreasonably
<br />withheld All prenmrnls an inS(rrance pu!tcics shall !'c rand in the manner
<br />Provided under paragraph 2 hereot or. If not paid in such planner, by Borrnwcr illaklne
<br />trisuratzc carries pavnsent, when disc, dtrerdv to the
<br />All ;•• rra I,:c vollc/es and renew:ds !hereof shall he vi h,rnl ;i cal ,Mc ❑t 1 '"del -old •.h:ll) include :1 standard ntongaec
<br />;old
<br />`ndt Iforr -aelrf uil!rp((,Ill pll 511 tnrlil%h••fl„i i critter lall
<br />,:1 'S rl, +(d !Ipr policies
<br />tlhf.
<br />rertlewral( rrl,trt•l(II
<br />Lit Illlr le..e 111,4 „} , flu %. it) tiller CYl`fil I /, % %,
<br />BiY,•t .t c( ,all L!I'L' Ftf (llfi pt IIUIICe In Ole Insurance' c:arrlet a,od r I.
<br />(elder sager rnat' fil.11 c proof it lot s if n(+t madc proropli%
<br />br Finrow er
<br />I n?es.a I ccider and Borrower otherwise agree in wrlUnf, m %urat a T'I"LM11 ,hal'i tie arrived to resrorattnn fir re_paa of
<br />ncv f r t cr y flaw ced. provided such
<br />nr%foraoui+ or tepalr I (. `nom ( II, +,a"d Ic .Ind the sccotity 111 rill% Decd of 1 -nest n
<br />•.t t the.O"'I I 1patred. If ,.m if restoraffon fir iepaer 1% not ec nc- area ?IV' t(a'!rdc l,r ? the
<br />�ccurity of this Diced of I rust uoul(1
<br />i• lF am red tit insurance proceeds 'hail Le -lrpiied to the "111111 se( (red y this I)crd of Trust. wail)
<br />im
<br />I, the e•vcc%c, if any. pal,f
<br />FP('L(•r If fl.` P ,opertY 1' ltllelm,c, I by Bor,m%ei, ,f II iiiorl•,l' (r ;,, I(' r-ml to i c'rider '•%'thin 30 days
<br />dale I,v
<br />r:e % n alp ! (fold the
<br />i Cndc, to Hortm%Cr that the I11,5ti nolce I,Irr <
<br />li In i• /( ! t 't lr^. :et .ind ripply lie ills 1r:1nCe. proc�eedC tt I.er,LiCr I(,rlfe'patr',fnlehC %pPfapC(rtt
<br />5 , pt €,p t,lhcrfiltl•IrCI1. +(ll�ntl
<br />e Isms ,.tarred },y this Deed of 'i'nut.
<br />allees i rtlLier and liorrowcr rihcnt %c >.grec
<br />: m cvr Unp
<br />p(,nc "e c ?etc date of file r:'pnth' nrgice
<br />F pr stag In principal shall not C%Icnd
<br />.:ls stet w n
<br />h ❑%4"TC eat% if tinder era c ai,h% n1 hereof + r .h'noge file :ultoont oil
<br />1,. ,eraph 14 here t rile. llrover s 1
<br />,yl; (i I + r de•.:Iil ighf '10e and Interest of Bornn%cr
<br />•tot 1.1,1 ranee polities and I : he t'icee<h ter `!
<br />-I rC, u
<br />1 a'nage .c, tin P +redly r +oar hl the %arc
<br />:,r us I ,a %hall p, sY r:, Lcnder In Ih(. xtcnl I`! ,he. snn1. 115 -1l
<br />,oared the. Imcr(t : , ur,t I•nnled ally poor ;n sneh sale or
<br />6. Prestnatfon and dfainlenanre of propene Lca %f'11PIIta' ( nllll(171n1'lllni' Plaited fhmit Developments•
<br />'? VCt
<br />l5 - 1 I ! .;l I I .Intl•. Born,wcr
<br />1i• [ l._f I lc 1lI ,,,,oforl of file I'ropett5
<br />•r s n! (rl, y vIC. the prr•vnn ns ,115 ha %c his i)cc.1
<br />If ( ,;.t •I I i; ? id if Ih I).rl +.,f I first n I•n a 11th ni ;I
<br />.- ih n nn , r ,t ;dannrd unit 11 - el•+r- nicnt, ffor we° -
<br />.h t .rJ•r l I Hr,,r,+,fer L)te,al:on'• rider the dechvallon
<br />! anatct 'rC.lf ;ilq I,r ei "Ctrl op ill' ... rlih,f 111f 61 nil
<br />.< f) mh.ti.11o r !•laanc(1 unll tesel nTCnt, .nod - nSLlu( -tl ,ate "N Lnr% .'fill regal ;moos t,l file
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<br />f -t:.l x I 1 Itnnowrr h ll flu „r platmed 1•rlll let cll,p117eI
<br />a tenet -IC(! 1(,pether •auh Ihi Deed Iran he
<br />r +versant% •trill ae•recolents I.I Such rider
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<br />r ulu(,rprsratcd in?o and Shah tnu'nd and sitf rVcmenl !he. , (.
<br />wfrig
<br />�.xrre 1 part hereof
<br />cil.mr' ,,ml e),Ircnlrnl' „t Inns Dccd fit r rim .is If the -,rifer
<br />' Protection of Lendti Securify. If Borrower !all%
<br />I,, ),+• h,r n, the r % r d 1plcf•;ncnls u`ntarned ul the
<br />r)erel f i ralmt r f env nit Ina '+r I'Irncce•d utif is m r -n, d hl, b
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