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VI55,,, 002377
<br />Up"Foam COwt"Am'" Borrower and Lender covenant and agree as follows:
<br />1' ralysia"al a1 Principal alai Insesees. Borrower shall Promptly Pay when due the principal of and inierc%t on the
<br />Indebwdmu evdesseed by the Note, prepayment and late chat
<br />on an Futurt Advances secured by this pencil of Trnu. � to Pmvided in the Note, and the principal of and interest tar to
<br />plasib mom lasaeoase. Subject to applicV" law or to a written waiver b Lender,
<br />y monthly iratrlmanls of principal and interest are payable under the Note until the Note B ots Paul Paulin full,
<br />a awes (herein "Auk ") aqua1 to" one - twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deed ft Trust, and ground rents on the Property, d any, Phts one•twelfrh of yearly premium inuallmenrs for hoard insurance
<br />l►(te one•twelflA of yearly premium mslalhntnq for mortgage insurance, d any, all as reasonably estimated morally and ante
<br />tenon to time by Lender to the basin of assessments and bills and reasonable estimates thereof.
<br />The Funds smell be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />use alencY (including Lender if Lender is such an institution). Lender shall apply the Funds to
<br />insurance premiums and ground rents. Lerider may not charge for so holding and applying the Funds, analyzing sad account
<br />or verifying AY said uses, assessments.
<br />yang and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />"do' Lender to make wM a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Deed of Trust that interest on the Funds shall be paid to Borrower, and unless Stich agreement is made or applicable law
<br />raqunres such interest to be paid, Lender shall nor be required to pay Borrower any rntere%f or earnings on the Funds I critter
<br />alialr give to Borrower, without charge, an annual accounting of the Funds showing credits and dehrs to the Funds and ncc
<br />ppuuMass for which each debit b the Funds was made. Funds are pledged as additional security for the sums secured
<br />key this Dead of Truer.
<br />If the amounts. the semen held by Lender, together with the future monthly installments of Funds payable prior Ira
<br />the due elates of top, assessments, imuranee Premiums and ground rents, shall exceed the amount required fo pay said u%es,
<br />usessttents, insurance premiums and ground rents as they fall due, such excess shall be, at Borrowers option other
<br />% etpaid to Borrower m credited to Borrower on monthly irgrallmtrsts of Funds, If the amount of the Funds
<br />Id Lender shall riot be seAleent fo pay taxes, assessments. insurance
<br />iMrower shall pay to Larder any amount rwcessary to make up the sure c deficiency and ground rents as she dare nodes realmallet,
<br />by Lemke to borrower, reqssptiag payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any Ft:..J%
<br />held by Lemke. If under paragraph 18 hereof the Propeny is sold or the Property s otherwise acquired by 1 ender Lender
<br />Le shis" apply nli for o than immediately pier to the sae of the Property or its a:qutc,t on by Lender. illy Funds held by
<br />Lender
<br />3. at the time of application as a credit against the sums secured by this Deed of Trust
<br />'Woes and irarai faph �I and f shat be aplplied byaLender Pro ides( of payme. all Payments
<br />n s Payable bl cI en by Borrower
<br />under Paragraph 2 herrof, then to interest payable on the Note, then m the principal Of Ili; Note. and then t,, rr.rcrrs; and
<br />principal on any Future Advances.
<br />the d Cry Which [ilea Borrower shall pay t taxes. assessments and other charges fines and mpo,.trons , nnh, e.tnlc ;,
<br />Property hieA may attain a priority over this Deed of Trust, and lea•%: hold payments or ground rents it am. in the
<br />tom the �sded under paragraph 2 htert� or, if nit paid In such manner, by Borrower making
<br />yen thereof, Bortowef shall promptly furnish to Lender all notices of amount% dtic uner this paragraph. and in the
<br />event reafflavott shall make paymeni directly. Borrower shall promptly furnish to I ender receipts evidencing so :h payments
<br />Borrower shall Pro. Pity discharge any lien which has priority over this Deed of Trust. provided that Horr, —r shall nut rc
<br />Rich lie to discharge manner any such hen sit long as Borrower shall agree in writing in the payment of he obbgar•�n sewrcd bs
<br />such lien sit a msnnet uerptable in Lender, or skirl In gored (soh contest such lien hy, fir defend cnforcemem fit such lien m
<br />legal oat,= �dinj� which operate to prevent the enforcement of the lien or forfeiture of the Pr°peny fir any pan thereof
<br />•maw (oatates". Borrower shall keep the Improvements now exntmg or hereafter erected nn the Prupc•rty insured
<br />€ against bas by fire, hazards included within the term "extended coverstt', and such other hazard% as I ender may require
<br />and in such amounts and for such pencxis as (.ender may require: provided, that Lender shall not rcywrc ir,u the rmnunr ,d
<br />such coverage exceed that amount rat coverage reyurred to pay the sums secured by this Decd or Trues
<br />The insurarxe ca: seer providing the Insurance shall be chosen by Burrower subject to approval by I ender pmvrdt l
<br />that such vat shah not be unreasonably wdhheld. All premiums on Insurance Policies shall he paid in the manner
<br />P�� — Pofftnpb 2 hereof or. If nos PNd n such manner, by Borrower making •aauraact carrier g payment, when due, directIv to the
<br />All insurance policies and renewal% thereof shall he in form acceptable to I ender and %ball nciode a standard mongagc
<br />clause In favor of and in form acceptable to Lender Lender shall have the right it) hold the Polrsic% .and renew.,!% thereof
<br />and Borrower shall promptly furnish to Lender all renewal notices and all recei t% of ilitd Borrower shall give prompt notice to the insurance carrier and Lender. Lender may mai,'c Proof W Ios, ,trnor niadent rnf lots
<br />by Borrower
<br />Unless Lender and Bofmwer otherwise agree to writing, Insurance proceeds %hall be applied to resrorabon or repair if
<br />the Property damaged, provided such testoraon or repair a economically feasible .Ind the security of this Dccd o! Trnsi
<br />rim thereby impaired. if such restoration of repair is not economically feasible or if the %comfy rf this peed ,if )rust would
<br />be Impaired. the Insurance proreeds shall be applied to the sums secured by this peed of Trust. with the "cc%% ,I any. ar,t
<br />to Borrower If ifs Property Is abandoned by Borrower, or of Borrower fads to respond to Lender within 1p of 1'% (ram the die notice is marled by Lender to Borrower that the inwrancc carrier °hers to settle a %farm for rnutancc benefit, I ender
<br />Is sulhortstd to collect and apply the insurance pfcxeeds of 1_erder's opfton either to rc%lorauon or repair rat the properly
<br />Of to the swiss secured by This peed of Trutt.
<br />Unless I -coder and Borrower otherwise &lice in wrung, any such APPlication nl Proceeds In principal %hall not csiend
<br />Of Poalpsre the due date of test monthly inst:anentx referred to in 4tajraph% t :rat ]hereof air rhangC the amount of
<br />such rnataany ins ff under Paragraph Ix btreuf the Property �s acquired by bender, .ail right, riere and rureret of mounter
<br />in and to any Insurance policies and In and to the Proceeds thereof resulting Irani damage to the Property pru:r t„ the sale
<br />Of "SlIonon shall puss to Lender to the exten0 of the sums secured by this Deed of crust ;rnmediately poior to such sale or
<br />6 Praacnedow ant
<br />%half ken the Property � of �yt �aM: C Manned Usk Developments.
<br />®rd ahaflcomply w�h Y 'n gu°d repair avid shall nut contnut waste ,a Permit rm 1 ® ►�'MS. Borrower Or Oe Provisions of any use of thn Deed of Truer Is on a leasehold ItItrthis Ilked ofa Trust ris erica unit in 4 anus r a Maenad unit rng th frrrsent, Borrower slimel perform all of Borrower s ohlilations under the dectarehun
<br />tit covenants cresting air governing she condomaniwn or planned unit all of gnem. the hydaws and reluivedec rat the
<br />rider Is or ;,fanned unit ckrelopstrgrnb &rid constituent documents if a condominium air planned inn de,elopment
<br />rider ,s Incorpo by borrower and rece d , togrrlue with this Deed of True, the covenants acid agreenicnh of such rider
<br />serf he art li orated into and Uta11 amend aid supplerfum the covenants and agrttrrxnrs of this peed of Trust n If the rider
<br />were a pan eeraof.
<br />ID�wd'of T ion action ��� edtnBor'ower falls to Perform the cosenann and sgreemem& %onearri¢d in this
<br />mg, but not lemdW lo, eminent g ommetued which materially aRtcls LcIsder's Interest in the Progeny.
<br />bankrupt of decadent. then Lander at Ldomaiin-Q�v�Y' code enforcement, fir avrangemenfs or proxeechtnpts involving ;t
<br />sus and rake aneh action as is f�r�. upon notice to Borrower. may make such a
<br />reasonable at eey'a fees and entry upon p ®party Leader nskertreparrs nll�l a der u, not limited nets dishurse such
<br />c t mrtuttg the !sun Secured by this Deed of True drhursenen rat
<br />rice on effest umot such bras as t r grower shall pay the premmnrims required tormaita n such
<br />Lander( writ alrevemtrit Of a equBeer for such Insurance terminates in accords
<br />manner Applicable borrower shall pay the amount of all nsort our with Harrowers and
<br />An paragraph 2 hereof. gage insurance prcrtiutns rn gh%•
<br />• disbursed by I ender pursuant to this paragraph T, with ntcreu thercan shall rq r rim
<br />a of payable p Secured , n by Ifts C of Trust Unless Botrowet and 1 either ,I rte to Other ferns of
<br />s Payable upon nonce from i t g e a cif t
<br />date o! at the ran psyabIS from time to !leech nn revutuanutstnin payneni
<br />al each rare i paYnient thereof and shall hen, intcre%t lion, the
<br />Permissible under applicable pl contrary to al3Miceble law. In which even ingh amnnnlrs der'he Note unless payment it interest
<br />law NoUung <unuitsed en Ihu , r bear ;nterrsf at the h,ghe%r rate
<br />any *ttori ire r t pa %graph 7 &hail require I. ender In
<br />I under may �rxuf arts expense of take
<br />hal i ender ®hail av Y melee fir cause to be made feau,nable engines uPnn .nnl ,n. w
<br />neeMlr :n the Pio" Yc'rrruw a Prior to any out inspection Ipecif in r I rat, l. -,ii
<br />er noti: n
<br />i Y easinawr . aI14P II trClr,' .•la iris , I,drli "
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