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<br />UNIFOItM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. ...,.... of I'rIItdptlIlIIIII....... Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by !he Note, prepaymmt and late charps as provided in the Note, and the principal of and m-
<br />Oil any Fulure Advances secured by Ihis Deed of TrullI.
<br />Z. FaHJ rw 1'IIIIlIlIlIIIIIr-. Subject to applicable law or to a written Wliivet. by l.cndor, Borrower sIulIl....
<br />10 Lender on lhe day monthly installmenls of principal and interest are payable under the Note, until the Note is paid infulf.
<br />a sum (herein "Foods") equal 10 OIlC-lwelf[!t of the )--early laxos and assessments which may attain priority over,tbis
<br />Dead of Trust. and llfouacl reuts on the Property, if any, plus one.twelfth of yearly premium iostallments for Iluard~.
<br />plus ooe.lwelfth of yearly premium installments for 111011&. insurance, if any, all as reason~ estimated initially and from
<br />lime 10 time by l.cndor on the basis of _Is and bills and reasonable estimates thelllOf:
<br />The Funds sbaII be held in an iuatitution lhe deposits or lICCOUIUS 0{ which are insured or gtl<<ranteed by a FedetaI 01'
<br />Slate ~y (includina Lender if Lender is such an instilution). Lender shall apply [he Funds to pay said taxes. ~.
<br />illSUl'lIlKC premiums and ground rents. Lender may not charge for so holding and applyinglhe Funds, analyJ.in, said~
<br />or verifying and compiling said _nts and bills. unless lender pays Borrower interest. on the Funds aad applicable law
<br />pemlils Lendec 10 make such a charse, Borrower and lender may agree in writing at the. time of execution, of this
<br />Dead of Trust tIlat inlerest on [he Funds shall he paid 10 Borrower, and unles.s such agreemenl is made or applicable Jaw
<br />requires weh interest to be paid, Lender shall nor be required 10 pay Borrower any in[erest or earnin" on the Funds. Lender
<br />shall give to Borrower. without charge, an annual accounting of lhe Funds showing credits and debits to the Funds and the
<br />purpoIe for which each debil 10 the Fuwls WllS made. The Funds are pledged as additional security for the __ secund
<br />by this Deed of Trust.
<br />If the amount of the Funds held by Lender. logether wilh the fulure monthly installments of Funds payable prior to
<br />!he due dates of taxes. assenments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes.
<br />_nI$. insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lmder shalt not be sufficient 10 pay taxes. assessments. insurance premiums and ground rents as they fall due.
<br />Borrower shan pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by lender to Borrmver requesting payment thereof.
<br />Upotl payment in full of all sums secnred by this Deed of Trusl, Lender shall promplly refund to Borrower any Funds
<br />held by lender. If under paragraph 18 hereof the Propeny is sold or lhe Properly is olherwise acquired by lender. Lender
<br />shall apply. no later than immediately prior to Ihe sale of Ihe Propeny or its acquisition by Lender. any Funds held by
<br />lender at the lime of application as a credil against the s\lms secured by this Deed of Trusl.
<br />3. AppIkadoe ef Pa)llle1lIs. Unless applicable iaw provides otherwise, all payments received by Lender under lhe
<br />Note and paragraphs I and 2 hereof shall be applied by Lcnder Ii...t in paymenl of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof. then to inleresl payable on the NOle. then 10 the principal of Ihc Note. and lhen to interest and
<br />principal on any Future Advances.
<br />4". ~ LieIIS. Borrower shall pay all laxes. assessmenls and olher charges. fines and impositions anributable to
<br />the Property which may attain a priority over this Deed of Trlllll, and leasehold payments or ground rents, if any, in the
<br />-------.- m.-_!>rt>viQod'WilICf paraatapn7l1ereoIOt:-l'I,w.paidflnUi:!f'lmmner;'byilonowerlm,klng-paymenr,wnen-----aue.-airectiy--.-----' .----.---------,,------
<br />10 the ~bercof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph. and in the
<br />event er shall make paymenl directly, Borrower shall promplly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharlle any lien which has priority ovcr Ihis Deed of Trust; provided, that Borrower shall not be
<br />required 10 discharge any such hen so long as Borrower shall agree in w.iling [0 the payment of the obligalion secured by
<br />suclllien in a q1anoer acceptable to Lender, or shall in good failh conlest such lien by. or defend enforcement of such lien in.
<br />legal proceedings which operate to prevent the enforcemenl of lhe lien or forfeiture of the Property or any part thereof.
<br />S. a--.I ~ Borrower shall keep lhe improvements now existing or hereafler ereeled on Ihe Property insured
<br />against loss by lire, hazards included within the term "extended cove rase". and such olher hazards as Lender may require
<br />and in suc:h lIlI1OUI1ts and for such periods as !.ender may require: provided. thaI Lender shall nOI require thaI the amount of
<br />such cover. exceed thaI llIROUnt of coverage required to pay the sums secured by Ihis Deed of Trust.
<br />'The insurance carrier providing lhe insurance ,hall he chosen by Borrower subjecl to approval by Lender: provideJ.
<br />tIaat such approval shall not he unreasonably withheld. All premiums on insurance policies sball be paid in the ~
<br />proYidcd IIBdcr paraarapb 2 hereof or, if not paid in such manner, by Borrower making payment. when due. diR1:tly to the
<br />i--=e carrier.
<br />All iRSUl'lIlKC policies and renewals lhereof shall be in form a.:ceptable [0 lender and shall include a standard mortgage
<br />clause in favor of and in form lICceptable 10 Lender. Lender shall have lhe righl 10 hold lhe polieies and renewals thereof.
<br />and Borrower shall promptly furnish to l.ender all renewal notices and all receipts of paid premiums. In the event of I",,'S.
<br />Borrower shall live prompt notice 10 lbe insurance carrier and l.ender. Lender may make proof of loss If nol made promptly
<br />by Borrmver.
<br />U.. Lender and Borrower othefwise agree in writmg, insurance proceeds shall be applied to restoralion or repair of
<br />the Property damaged. provided such restoration or repa.r is economically feasible and Ihe security of this Deed of Tr""t IS
<br />not thnby impaired, If such restoralion or repair is not economically feasible or if the security of this Deed of Tn~t would
<br />be impaired, the i-..rance proceeds shall be applied to Ihe sums secured by lhis Deed of Trust, with the ex,t:SS. if any. paid
<br />to~. If the Property is abillidoned by'borrower, or if Borrower fails to respond 10 Lender within 30 days from tlte
<br />dale ~ is l'IIlMIcd by l.encIer 10 Borrower that the insurance carrier offers 10 sellte a claim for insurance benefits. l.ender
<br />ili ~ to coIhct and apply the insurance proceeds al lender's option either to restoration or repair of lhe Propeny
<br />or to die _ lIKWllCI by this Deed of Trust.
<br />U'" l.cndor aDd aorr- otlilerwise allree in wriling, any such application of proceeds to principal shall not extend
<br />or ~ the due dale of the lOOIIIdtly inalllllments referred 10 in paragrapm I and 2 hereof or chanlC lhe amount of
<br />5tldi ~uts. If IIBdcr paraarllm 18 hereuf lhe Properly is acquired by tender. all riaht. tille and inlerCliI of Dorm\\ler
<br />1ft and to lIftY '-- polK*, Ud in and 10 the ~ thereof resulting from damaae 10 the Property prior to the sale
<br />or ~ shall plIdIIlo ~ to lhe utCtlt 01 the sums secured by Ihis Deed of Trml immedialely prior to su.:h sale or
<br />llltltllldlitm.
<br />t. Pt_. lIu lIIIII .1_1 .....u" ef 1'nIperty; Le_1Iohh; COlld.milllums; I'Iaaned UIIiC Denl.'..'.... Borrower
<br />~ ~ lhe Propeny in ~ fepil.r and ,hall nol 'omnlll waSle ,'r permit impllil'lnenl or <lelcrioralion of the Property
<br />and shall ~....ith the prov,~ of any !calle if this Ileed of TrllSI is <In a leasehold. If this Deed of Trusl.. on a unil in a
<br />C<llllltlooillium or II plimmed llftil devolopment. Borrower shall periorm all 01 Borrower's oblililali,'n, under the del:lara[ion
<br />01' ___ l:ftIII4~ Of ~inJ the ,ondominium or planned unil des'elopment. lhe hy-Iaws anti reliulalions of the
<br />UII!;" illi_ or ~ llftit ~nt. and cOfl$litlltllnl documents. If a condominium or planned unil !kvel"ptDel1l
<br />rider is ~ by ~r and nlCOf"ded 1000000her with Ihis [)eed of TrUllI. lhe covenants and agreemenls 0' such rider
<br />shall be ~ i_ and shall amemlllnd supplcmenl the covenant> and aa:reemenls 01 Ihi, Deed of Trust "s if the rider
<br />_ a JW1 '--I.
<br />1. ............. ef lAIIlhr'lI lhe111'h7. If Bouower fail. 10 perform lhe co'enant. and agreements wnlained in Ihis
<br />Deed of TI'lIIt. or it lIftY action or ~inll i. commenced which malerially "ffecls 1.ender', mleresl in lhe Prnpertv.
<br />~ INt not ~ 10, emi_,t domain, insulvency, code enlnrCetmlnl, or arranSCtmlllu or pro.:eeding> mvoi,'inlt'a
<br />~ 01' ~, [hen tender at LIlndcr's option, upon nolice 10 IJorrower, may make such appe.orances, <li,hllT'" su.:h
<br />- and tHe _fa action a. i. ~_I}' 10 protGCI Lender's inleresl. indudmlt, hut not hm;led 10. dishul'scment ".
<br />~ ~'s ,_ and entl}' lIpotl lhe Property to mAke rePllirs. Jf Lender r~Ulred nmrl3ilSC II"uran.:e ", "
<br />~ of ..~ the ~ ~ by thill lliled of 'I'm!!. Borrower shall PIll' the Pfll11iulllli required 1<. maUllain such
<br />i_ ill ~ liIItIUl wc;h lime I1IS the requIrement lor such ,"suralll:e lcrrnmalls in ",'corda'Ke with !turr,'wee", .,111
<br />~'5 ~ ~ or a~j(:abitllaw. Borrowel shall pa~ lhe <ImolJnl 01 "II mOfl$asc in.urance p,ern,un" in ,''''
<br />lDIIl!IMf ~ IIBdcr ~lIph 2 ~.
<br />:: -- ~ by Lcnd"r pur_nl 10 thIS I"'fa!ilraph 7. "';lh ",rlrt's' !hereo", '''011 beco",e ,,,Mi lion" I
<br />imllll llUol hl'ro_ *\lred by lhii [liled of TrulIl. UnicH Borrower .nd I InJer "$'" to "cller IN"'O ,,' f'i')nl<lnl. such
<br />~ ... '" Jl!I1II)'3lIIe IJJIOfl notic:flt.rom Lemler 10 Borrowlr 'eque"....!l !",ym."t llIe,C\,'. MlIJ ,hwll he~, ml"~t fmm rhe
<br />~ ol Mllr UIIUJlI. 11M: rate Jl!I1IIY~ from tIme to tinw on ''''bCa'hloo!lI''''";il'',,l '....r lhe :-'/"Ie ",,_ payment ,,/ in."reM
<br />III lI!II<lih .rate wwW he _lrlity to 1~lf;lIblr1 Ill"'. in ....h,dl evenl ""h omo"ot, .hall h<., lflft'rC>l ,,( the hl!ilhe.t rat....
<br />!llllfmlultll tIIIiIhw ~ hlw. Nc>>b!nllt wnlallled 'f! ,hl~ i"".lP~ph 7 ,h.1l ''''lImo I.'nder '0 <OCUI MW ul'ocnll<l ... lake
<br />1IiIII"_~~, .
<br />L f.'I~. '-.ettdot fa3Y M4lI'$ nfl..',>>~ h' 00 nt~ nNt~~fUlble cnHH;'+ "po-n ;Hld lI1~.11;h:~Hm~ ~~~ Ow r1rni,tt,'ff\'. l'~t~wiife,t
<br />~IIAflf.ihf sMU ,t\'!@ aon-gWfI1' t'NJ'tM;e iW'<<X ltJ any ",-.w;h It>>J~ilj;lwn $~l1rUl.lt ~e4M'H~"k' i,:;tU'ltC Ihf':l'd\\f Jeli:i{etJ I,' 1 'l..'n.k0.
<br />,1!lI<<_ 'ff the P,_",.
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<br />84 -006801
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