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<br />~S4'--'i~U0345
<br />Urrtwam Cot~NSNts.- Borrower and Lender covenant and agree as follows:
<br />L Payaaeai~of Principd sad Iaiesest. Harrower shat! promptly pay when due the princi al of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges acProvttled m the Mote, and the principal of and interest
<br />on any Ftetwre Advances securedby this Deed of Trust.
<br />2.: Ftttdc.for-Teased Iiu~ee. Subjtctto applicable !aw or to awritlstr waiver by Lender, E,orrotyer:shall_pay-
<br />io l.endet on the-day r»oistltly ittttalltntnts of principal and inxrest art-payafde urr~r the lfnie; until the Note is paid in-full,
<br />a sum (heron "Funds") equal to-otto-twetft6 of the yearly taxes and 3satsstmrNa whfeh- may attain priority over -this
<br />Deeduf Trust, and-groundrena on the-Propene; if any, plus orte-twelfth of yearly premium:installmrnts for hazard insurance,
<br />pltia.oiie-twelfth-of yearly prtrttivm inatallntents for mortgage-instuance, if-any;_ all ss.reasonably estimated initiattyand-.from
<br />time-to time byy-Lender on-the basis of-ascasmrnts-arrd-bills and reasonable estimates thtreof. - -
<br />TheFuttds shall be-held is an ins[ifution-Jhe iieposi/s,nraccounts of whicb ate insured or~ ranieed- by a -Federal or
<br />state agency (including Lendtr if finder is such-an institution}. Lender shall. ap41Y the Funds to said~texes, assessments;
<br />insurance premiums and grouaid.rents. Lendtr may rear oA3rge for sa-:haldin6 and applying theTn~, arrafy::ing said aca:ount.-
<br />or vitrifying and compiling said assesstntnts and bills, unhss-Lrndtr pays Bortnwertnterest on~the Fends and,applicable-law
<br />permits Lender to make such a charge. Borrower oral Lender may agree in wnting~, at. the_tune.-.of -execuvon.. oL•--this
<br />Deed of Trust that interest on the Funds shag ba paid to Borrower, _and tmltas-such agreement is -trtade-.or agpiicabie law
<br />requires such interest to bt paid, Lrnder shall not be required to pay-Hottower any interest-or earrtings:on-ahe:FOnds. Lender-.
<br />shall give to-Borrowu, without charge, an,annual-amounting of the Fonds-showing-credits and-debits to~--the Funds: and~the r
<br />purpoat for which tech debit to the Funds was made. The Funds are pled{eel as additional security for. the-sums. seeuted-
<br />by this Deed of Trust
<br />If the amouni~of the -Funds held by Lendtr, together with-the future monthly irrstalhiKCtu of Fonds payable .prior. to
<br />thaduedates of taxes, assessments, insurance premiunis.and ground rents, shall-exceed the atnount required-.to-pay said taxes,
<br />assessments, insurance premiums and ground-rents-as they fall due, such excess<shatl:be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of -Funds. £f -the amount of the' Funds
<br />held by Lender shat! not 6e suliiciem to pay taxes. assessments, insurance premiums and ground rents as~ they faB due: -
<br />Horrower shalt pay to Lender any amount necessary to-makeup the deficiency within 3O'days from-the date notice is mailed..
<br />by Lender to- Borrower regttadng payment thereof. -
<br />Upon paymtnt in full of art sums-secured by this-Deed of Trust, Lender shall promptly refund [o BOrrnwer any Fiords
<br />held by Lender. If under paragraph 18 hereof the Property is said or the Property is otherwise acquired by i_ender, Lender
<br />shall apply. no later than immediately prior to the sak of the Property or its acquisiton by Lender. arty Funds held--by
<br />Lendtr at fhe time of application as a credit against the sums secured by this Deed of Trust. -
<br />~. Appiirarlop of Papmerrts. Unless n' ;icablr !aw provides otherwise, alt payments received by Lender under the
<br />Nate and paragra hs f and 2 brrtmf shall be applied-by Lender first in paymtnt of-amounts payable to Lender by Borrower.
<br />under paragraph ~ hereof, then to interest payable nn the Nnce, then ro the principal of the Note, and then is interest and
<br />princi ai on any Future Advances. -
<br />Charges; Liens. Bormwer shall pay all taxes, assessments and other charges, fines and impositions attributable-to
<br />the Property which may attain a priority over mis Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />manner provided under pazagraph 2 hzreof or, if trot paid in such manner, by Borrower making payment, when due, directly
<br />to the payeothereof. Borrower shat( promptly furnish to l..ender off notices of amounts due under this paragraph, and in the
<br />!vent Borrower shall make payment directly, Harrower shaft promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any Lien which has priority over this Deed nt Trust: provided, that Borrower shall not he
<br />required to discharge any such hen sn long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien ir, a manner acceptable to Lender, or shat( in good faith contest such lien by, or defend enforcement of such lien in..
<br />iegat pprocetdin s which operate to pr<vent the: enfarcexent of the lien ar f~•rfeit?ire of the Property ar any part thereof.
<br />5. Aasard Iestirance. Borrower shall keep the improvetrtents now existing or hereafter erected nn the Property insured
<br />against loss by fire, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />and in such amounts and for such periods as [.ender may require: provided, that Lender shall not requite that the amount of
<br />such coverage exceed that amount of eovecagr required to pay !fie sums secured by this Deed o£ Trust_
<br />The insurance carrier providing the insurance shat{ he chasm by Borrower subject to approval by t_rnder: provided.
<br />that such approval shall not be unreasonably withheld. Alt premiums ou insurance policies shall be paid in the manner
<br />provided udder paragraph 2 hereof or, if na paid in such manner, by Borrower making paymtnt, when due, directly to the
<br />insurance cattier.
<br />All insurance policies and retrtwals thereof shag be io form acceptable to Lender and shall include a standard morigage
<br />ctatrst in favor of and in form acceptable to I_tnder. Lendtr shall have the right to hold the policies and renew als thereof.
<br />and Borrower shalt promptly furnish to Lender aB renewal notices rend all receipts of paid premiums. In the went of loss.
<br />Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if nett ma.'t promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration ar repair nt
<br />the Property damaged. provided such restoration or rtpsrr is ecrntomtcafly feasible and the security of this Deed of Trust is
<br />not thereby impaired. if such restorattoa or repair is not ecannmicafiy feasible ar i[ the security of chic Deed of Trust .would
<br />be impaired, the insurance proceeds shall be applied to the sums secured by this Deed of Ttvst. with the excess, if any, paid
<br />m Bormwer. if-the Property is abandoned by Burrower, or if Borrower tails w respond to l.rnder within 30 days from the
<br />date notice is mailed by Lender to Borrower that the insurance carrier otFers to settle a claim for insurance benefits. Lender
<br />is authorized to collect and apply the insurance proceeds at l..ender's option eithtr to restoration or repair of the Property
<br />or to the stints secured by this Deed of Trust.
<br />Unless Lendtr atsd Borrower otherwise agree in writing, any such application of proceeds m principal shalt not extend
<br />or postpone the due date of [he monthly installments referred to in paragraphs I and 2 hereof nr change the amount of
<br />such installmrnts, ]•f under paragraph i 8 hereat the Property rx acquired by Linder, all right, title and interest of Borrower
<br />in and to any insuranm policies attd io and to the proceeds ihtrrof resulting tram damage to the Property prior to the sale
<br />or acquisition shall pass to Leader to the extent of the sums secured by this Decd of Trust immediately prior in such sale or
<br />acquisition.
<br />6. Preservation tad Mtriateeaace of Property; I.easefanlds; Cotsdorwiniums, Planned Unit Devebpmenis. Borrower
<br />sha}I keep the Property is good repair and shall mr[ commit waste or permit impairment or deterioration-of the Property
<br />and shelf comply with the provisions of any lease if this Deed of Trust is on a leasehold. It this Deed of Trust is nn a unit in a
<br />condominium or a piaaned-unit development, Borrower shall perform all of Borrowers obligations under the declaration
<br />or covenants creating or governing the condominium or planned unit development the by-laws and regulations cf the
<br />condotnrnium or platmtd unit development and constituent doeumems. It a. condominium or planned unit development
<br />rider is executed by Harrower and raorrled together with this Died of Trust, the covenants rend agreements r,f such rider
<br />shall he incorporated into acrd sha{i amend and supplement the covenants and agreements of this Deed of Trust ns if the rider
<br />were a pan hectof.
<br />7. Psptecetlutr-of Lersder'a sutarity. If Borcowtr fails [o perform the covenants and agreements contained in this
<br />Deli of-Than, or ifany action ar proceeding is commenced which materiaity affects Ixndrr's interest in the Property,
<br />indrtditt$..:hut trot limited to, eminent domain, insolvency, cod! enforcement, ar arrangements nr -proceedings involving a
<br />hanknrpror decedent thrn-Lender at Lender's option, upon notice to Borrower, may make such appearances, disbursz such
<br />sutra and take such action as is necessary io pro[ut Lender's interest, including, but oat limited to, dishursaneni of
<br />ttattcnalale.attattneY's-fws-and entry upon the.Properfy to make repairs. If Lender required mongagt insurance as a
<br />rendition _af making the loan secured by-this Ckeai of Trust, Borrower shall pay the premiums required to maintain such
<br />irtR$anCE in_C$tcx.tmttl st'ah EiirtCas the rtquirerirent for such insurance terminates in accordance with Borrower's and
<br />LeaStQ'a wti#tesn agw.mrni ar applicable law. Horrawtr shag pay the amount of alt ttinrtgage insurance premiums in the
<br />rrtanncr provided under patsgi:tph. 2 het~f.
<br />~Any amounts disimrsed by L,atrdnc puntranl~ to ibis paragraph 7, with ,mer'est thereon, ;halt become additional
<br />indCbtbdtress of llartowtr seeuttd by this Dad of Trust Unless 13orrowtr artd Lender agree to other tertirs o£ payment. such
<br />arnatntu shaH'be payable-upon rrotitt from, Lsodtr to Bottuwer regtmsting payment thereof, and shall !rear interest from the
<br />dart of distx.•raestrettt at iht.nte payable-tram time to iimt-nn outstanding principal under the Note unless- paymtnt of intcrtst
<br />at strait rate wvuid be conirttty to applicable taw, in which event such amounts- shah hear inures[ at the higher[ rate
<br />psiMt-uttdtr 4ppliaxWe taw.. Nothing coatatnai in this paragrapfi 7 shall require Ixnder to incur eny expenxt ar take
<br />!~Y acsioa twttsttttdet
<br />>f. ~. Lsmiee: my make ar catr~ W tie mad! retiwnabfe entries upon and inspections of the Property, provided
<br />th~tC.tt9~r~4haLtgivg~Barrawtr notice ptsor to a'nY st.tclt idaptofinn sptcifyiu$reasonabk cause therefor rzlatrd n:, tender's
<br />tatetr~ in thte Ptaaarcr, - -
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