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<br />83- 001417
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. P8yment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as prov,ded in the Note, and the princIpal of and interest
<br />on any Future Advance.~ secured hy this Deed of Trust.
<br />:z. F...... for To... and 1_, Subject to applicable law or to a wrilten waiver by lender, Borrower shall pay
<br />to Lender- on the day monthly installments of principal and interest are payable under the Note. until the Note is paid in full.
<br />a sum (herein uPunds") equal to one-twelfth of the yearly taxes and .assessments which may attain pnority over this
<br />Deed of Trust, and ground rents on the Property, if any, plus one-twelfth of yearly premium instaHmf?nts for ha~ard insurance.
<br />plus one~lwdfth of yearly premium installments for mortgage insurance. if any, :111 as reasonably estimated initIally and from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates. thereof.
<br />The Funds shan be held in an institution the deposits or accounts of which arc lI1surcd or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said laxes. assessments.
<br />insurance 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 bills, unlt.."Ss Lender pays Borr4..~wcr interest on the Funds and applJcablc law
<br />pennits Lender to make such a charge. Borrower and Lender may agree III wflting at the time of c1(ecuti~n 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 />requires. stich interest to be paid, Lender shall not be reqUIred to pay Borrower any lntercs_t or earnings on the Funds. Lender
<br />shall give to Borrower, without charge. an annual accounting of the Funds shOWing credits and dehits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds arc pledged as additional security for the sums secured
<br />by this Deed of Trust.
<br />If the amount of the Funds held by Lender. together with the future monthly installments of Funds payahle prior to
<br />the due dates of taxes, assessments., insunlnce premiums and ground rents. shall exceed the amount required to pay said t~xcs.
<br />assessments, insurance premiums and ground rents as they fall tlue, such c\.ccs....; s.hall he, at Borrower"s option, enher
<br />promptly repaid 10 Borrower or credited to Borrower on monthly installment" of Funds. If the amount of the Fund....
<br />held by Lender shall not be sufficient io pay taxes, asses.sments, insurance premiums and ground rents as they fall due.
<br />Borrower s.hall pay to Lender any amount necc.'isary to make up the defiCiency \\"lhm 30 days from the date notice is mailed
<br />by lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured hy (hiS Deed ot Trust. Lender shall promptly refund to Borrower any FlInd~
<br />held by Lender, If under paragraph 18 hereof the I}ropcrty I'> ~old {)f the ProperlY's olhcrw,"e acquired by Lender, Lender
<br />shall apply, no later than immediately pnor to the "alc of the Property or .its a.:-quisul!..'11 hy Lender. any Funds held hy
<br />Lender at the time of application as a credit against the slims secured hy thiS Deed of Trust.
<br />3. Applkadon of Payments.. Unless appJl('able bw proVIde, olherwlse, all payments. recc1\'cd by Lender under the
<br />Note and paragraphs I and 2 hereof s.hall he applied by I_cnder first In payment of 3motlnls payahlc (I.) I.cnder hy Borrower
<br />under paragraph 2 hereof. then to interest payable 00 lhe !'\lotc. {hen to the rrin(lp~i of rhe Note. J.nd then to interest and
<br />principal on any Future Advances.
<br />4~ Cbaraes; '_.lens.- Borrower shall pay all taxe,. ;.hSC'i.smcnt-.; ami i~!hcr ..-hargcs. tinc~ and :mpositions al1rihUlable h'
<br />the Property which may attain a prionty over lhis Deed ["Of Trust, and leasehold payments or ground rems, if any, in the
<br />manner provided under paragraph 2 hereof or, if not paid in such manner, hy Borrower maKing payment, when duc, directly
<br />to the payee thereof. Borrower shall promptiy ftlrnish (0 I entier all IH..llK~~ of amounts due under thts paragrd.ph, and in the
<br />c,'cnt Borrower shaH make payment directly, Borrower shall promptly fllffllsh wi cuder recclpts cvidenL'll1g such payments.
<br />Borrower shall promplly discharge any lien which has ptlonty on~r It"... Deed of Trusl; provldeJ. .that BorrDwl'r -;hall not he
<br />reqUired to discharge any such Hen so k1ng a'i Borrower \haH agree In .... r1t1n~ tll the payment ()t the l,hh.!!atwn secured by
<br />'Ouch lien in a manner ac(,."'C'ptable to L.ender, or ~haJlln good f<llth u,mlc'\t 'ml.:h hen !w, PI' ddcml (.'nttlrCl.'nlCnl or sllch hen Ill,
<br />legal proceedings which operate to prevent the cntorccment d fh!..~ !it'll llr fl'rfciwfl~ nl _ tllc Property llr .;lny pari thcrcllL
<br />5. HazanlIII5UIlIIIft. Borrower !'.haU keep the ,mpru...cmcnls n01o\ l.'\.I'\(ln~ l\f her(.'alter I.'reeled on the Pwpcrty Itlsun:'d
<br />against loss by fire. hazards included ",ithin the tern, "c\.tcndcd \.'I.weragc". and 'w.:h ('Iher ha/.aru.. as l t'ndcr may re-quirT
<br />and in such amounts ~nd for such penods ;.IS Lender may require: pftlvlJed, fh~lt lender "hall not reqUire (hat the amount 01
<br />'\lIch coverage c'Oceed that amounl of ('overage rcqlllfcd tn 1';1\ The ~um, M_'cured tw th,,, Deed of Tmst
<br />The insurance carrier providing tht' in\-urance ,hall be l'htl...cn r.\' Horrower sutHCi..-1 to ilppro\';11 hy I cndn: proVIded.
<br />that such approval shaH not be unreasonahly wifhheld All prenuums 00 mS\Jraoc~ poliCies :>.hall he paid in the manner
<br />provided under paragraph 2 hereof or, if not paid to ~uch manner, t'1y Borrower maiong payment, when due, directly 10 the
<br />insurance: carrier.
<br />AU insurance policies and renewals thereot s.hatll1c H1 (('fin ~l"-,,'-Crlab1c h' I cnder and \hall indudc ~l standard mOflRag(.'
<br />clause in favur of and in form acceptable to l.ender. I cnder \hall h;J\t.~ the fight 10 twi,J lhe pohcies imd rencw~ll-':i thereof.
<br />and Borrower shail promptly furnish to I.coder :111 renewal notio:cs ,1111.1 ;dl rc(,clpl~ l~f p;.lIt) premtllm\. In [he event of It),,\.
<br />Borrower shan give prompt notice to the msurancc t..:;!rncr and Lcnd...r. Lender ma} make proof <,( los\ i! not nudll: promptl~
<br />by Borrower,
<br />Unless Lender and Borrower oiheewlsc agree in wfltmg, lOsuran\.-c pro\:cctls ,h<.lll ~ ;if'pitcd to rC\IOralion Of rcpalf pf
<br />the- Property damaged, provided such re--s.toratlnn or rep.llr ... c~'H\omh.:djh-- f~.I"'lbk ,IOU the "\t'i,:urity of thl~ Decd l,1 Trust I'
<br />not thereby Impaired, If such restoration l,}f repair ,... n\ll c\.;(lOomicalh ft.a~lhk \.1I' d Ihe "t';';:UfIlY 01 thi, Deed of Tru..t wl)uld
<br />be impaired, the insurance proceeds shall be applied III the ~lJnh ~!.."\:urcd h~' thl'" {)l"eu ll!' "rust, IAllh the C\l.'C"", Ii allY, patd
<br />to Borrower. Jf rhe Property t:o. abandoned hy Borrower. l.)f it Hnrrll\\Cr LHI... h.l lc~pumj h' I .:ndcr v,'uhll1 _",0 dav\ l'f'om the
<br />date nmice i-s mailed by Lender to Borro....er lhat the lllsuran\.'e \.'J.rner (\11('(\ li.\ st:ulc a .:!aun l\lr m\llfanl.:C hcncfit"_ lender
<br />i\ authorized to l.;:ollect and apply Ihe insuranc~ rrL~eeth, at I cnder's (\pllon either t!..) rC\i(oratlon or rcpaff nt Ihl.' Propc-ny
<br />or to the sums .secured bv this Deed of T nt~1.
<br />Unless Lender and Borrower otherwise .J~rce In \\ litlng, .lI1\ ..u~h ~Ipph~~llll'n l\l pro(:c~ds hl prinCipal ..h~,1I nol c_\tcnd
<br />!..}r postpone Ihe OUt" dale of tbe filonlhly In\lallmcnh rd'erft.~ Il' III rJragruph~ I ~t11J .2 hereuf llr l.hangc Ih\.' amounI 01
<br />such installme!lts. If under .paragraph IS herc,"-'f th.... Pn-'ftCn~ l' ~\':'1Utred tl\ Il'micr. ,tll rI!!ht. wk and llllen:...t 01 Borro,",,"cr
<br />in and lo.any msurance policies and In and to the prn-':L"eth lhen,'\'ll rC-lultlllg JrOIll damage to the Pro~r(\' prIOr It) the ~~Ik
<br />or acquisuion shall pass to Lroder tt) the c:\lem l'l the "UIU') ~C17Ufl."d ~y thl';;' Deed ot ('rusl tlniHcJmlcly pr~or tll :>.uch Sillc Of
<br />acquisition,
<br />6.- Pre:senatioa aad Maiatenaace uf P~rty: L~awholds; Condominiums: PlannH l:nil llevelopmeots. Borrower
<br />,hall kctp Ihe Property 111 gOOd re-pan .mo ,hall rh.'l ..'PlHrnH ....d~tc \\{ r"-'rmll flHP,IIlIl1!..'nt \If tklnil'lallt)tl {\l the Propert\'
<br />and shaH comply with the- provisluns. of any lea~e If (hi'> {)ced f.f True'lot 1\ ;.'11 :J k:.nchnld_ If lhi~ Deed {)f Trust I.. on a unit In a
<br />condominium or a planned unit developmenl. Horrower s.h.aii pctform ,ill (\t Uorrowcr's l\hhgallon... under lhe declar.lfHHl
<br />or co\'enants ~reating or go\'erning the ~:ond{ln\ln.IUm ,~r planned m\lt dc\'d{'pmcnt, the hv-laws and re~lIlatll'Il' "I th(.~
<br />condominium or planned UllIt development. ~-md conslituenl Ol.X'Uf11Cnh I f a l,.'ondt.Hninium ,l[ plann\.'d lIfllt dcvdopmcill
<br />rider is executed by Borrower and n..-..:orded to~(heT \!dth thIS I)"'''('d \'l 1 rusl Ihe ..:o\'enant~ .tnd agreemcnh nf \lll:h fidel
<br />shaU he incorporateu inlo and shall amend and supplement the ~fl\'cnanh anJ ~greefl1ents oj thl~ Dc-cd 1)1 Tru\t ~I~ If tht~ fldcr
<br />were a part hereof.
<br />7. Pratedioa of ~'s Mcurity. If Borr(',,-cr falls tl.1 perform the ;.;ovenaOlS anJ agrccmenb (l)ntalllcd in tl1,,,,
<br />~ ~f Trust. or if any ac(tOn de pnlCeeOmg y; ~nmmelKed which mateflally ..ilfects l.erlt.icr.... lntcre~t ill the Pr~lpcny,
<br />mdudlng. but not iimlted to. eminent domeuo, lnsolvenc), code entvrccmenr, l\f arr,logemenl' or pro\.'cl'JtOg~ inn1J\-mg :'1
<br />bank.rupt or dcca.ient. then Lender Iii Lender's option, upon (\(ltlCe !(l Borrower. may m~th' \uch appc.trdnl.:c'\. di..btlf\\.' \\I.:h
<br />sums and tak.e such action as IS oC\:'cssary to prutttr Lcnoer', IOter~t. mdudlllg. hut not limited h'. dl\hur\Cnll..'nf 01
<br />re&$On;,blt' attorney's fers and entry l1pl'ln the Property !i.' ma;..e rl'pallS If Lcn{h:r fl~4Ull'cd !lH1rtgagc IIlHlf ollh.:1..' ;1' .1
<br />conditIon ?f making the loan secured hy this Deed nf Truse Borh1wcr ..hall pa) lhe prcllliUt'n~ tt:\~UH("J ", fll~t!nf;:llll '\\l(h
<br />UlSuram:c m effect un'iI such time as the r-equlrefOC'nt fOt suth lll..UT:..tno~ tcrmlllatcs 10 .1(Xllfdan~c Wllh Bt1Ho.....cr':- ;Illt!
<br />Lender, Wri~ten agreement Qr apphcable law_ 8<lrrower ~haH ra\ the ,-H1H\Wlt ~\l .111 mort~"gc.' HlSUr.Ull.:~: pn."flll\llll' in lhl'
<br />manner provuled under par",raplt 2 hereof.
<br />Any amounts- diSbursed by I C'ndC'f pursuam h' ~hl\ paragraph 7, With !IltcrC~1 lherCI\fl. ~h"lI ht~(.Hnf.' .ldJlthlll,1l
<br />indebtedness 0' Borrower So.:Ufed hy tOI\ Oecd (If 1 rUM, l ;nle:\~ Borrf'wer and Il~llder a~n~e h' other h,-rnh ,'1 p.l\:nH,'I)I. '\IKh
<br />'lRlQUnts. \haU he payable Upl'1U m11lf,.'C trllm Lender '0 Qorrower I'C4ue\.lln~ payn-\t~nl IhC:h~..)f. and ~hi.JH tx-ar lIltcrl"'ol !rIll!) Iht.,
<br />date of disbursement at the rate payable from lime h) time on oUhldnJmg pnni.'tral under the_ Nt"'It" \.~ntcs.~ payment 1'1 inlern!
<br />a.t $Ueft r.'e would be ~onU-ary tn apph\.'abl~ law, in whu:h C\-'C-nl .otKh .uno.unh "hat! ~iU llHcre"t ..It Ih(' h!l.::hc\' rate
<br />pcrmMlible under .ppbc:atne- hi"'. Nothlf\g t.:tJntilined lf1 thi~ plu-itgraph i ,h.ttl rC'4Ulft~ lc.'lhlcr h1 lIK:Ur ;U'-\ C"J1't'n~e Ilf taK\~
<br />""Y ""bOn he,,,,,,,,,",.
<br />L IIIlIpN1ioo,. I cAde..- may m~"c \If 1,,<1l,fW' to b.: made teu.s..'.n..hlc Cflll'lC:-'\. l\~'ln ;Wi..l Hl..:.,p.c-dnm, of lhe Pn'~WI1\ !,fln,ldl'l\
<br />that Lender ,ban "".C Ik'f(()wf'.t' nnh\:c pfh.H Itl ~n)' ,uch lll\fIC\.'llt~n ~pct:,h.'j.f}g fCa"lmah!e ;,;,\U.,.e Iht"r~~tnl ld;-Ht'tl h' I ('mkr"
<br />H1~ U\ lhe ProoertV '
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