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<br />(:vu uan, ('uvr neN ts. Burrower and LenJer dovcnant and :rgrec :u lolluws:
<br />1. 1'aymrnl of 1'rinripal •aud Interest. Burrower ,boll promptly pay when due the principal u( enJ intere,l ou the
<br />mJ. htrdnr++ rcnlenced by the Note. prep;rymem and late charges as pnrvrdal m the Note, and the principal of and interest
<br />un :ury Pnhrrr A.Ir:uruc„erun:J by Ihtc DccJ ul l n1,t.
<br />2. Funds for'1'a:a and Insurance. Subject to applicable law or to a warren waiver by under, Borrower shall pay
<br />Io 1 cndrr .w the J:y~ numtbly installmenh of pnncipal and intercv arc payable under the Nole, until the Nutn ix paid in (ult.
<br />a sum thrran "Fund l ryual to unc-twelfth of the )early to u•, enJ a,u„menu which may auxin priority over this
<br />Uecd of "I7u,1, and gn,und :eats on the Pmpeny, it any, plu, unc-Iwchth ul yearly premwm installments (or hazard insurance.
<br />plus ant-twclnh of yearly premwm installments tar mortgage insurance, i( any. ;dl as reasonably estimated initially and from
<br />time to time by Lender on the basis of asscssmcros and bills enJ reasonable cltim&tcs thereof.
<br />The Funds sh:dl b¢ held in an instil orlon the Jeposils ar account, u( whrch are insured nr guaranrenl by a Federal or
<br />,rate agency (including Lender if Lender [„uch an insutunou). l.emlu ,hall apply the Funds to pay said taxes. assessments.
<br />msmance premium, .,nJ ground «uts. Lender miry not charge tar as holding and applying the Funds, analyzing said accoum
<br />or ycnfying :urJ compiling soul assessments and bills, antes, Lender pays Burrower interest un the Funds and applicable law
<br />perms, I rnJer r, make ,uch a charge. Bnrnrwer and LenJer may ~,grce m writing at the time of execution of Ibis
<br />Decd of 'trust that intcrest uu the Fund, ,hall be p:ud m Barrux cr, enJ unlcas such agrecmcnt is made of applicable law
<br />«gwre, wrh intcrest to be pail, I_endrr ,hall nut be ruyuucd to p:ry Burn>uer any interest or earnings nn the Funds. Lender
<br />sh:dl give to Bunnwer, wnhaw :barge. ,m annual aeannuulg of the Punt, ,bowing credits :mJ debits to the- Funds and the
<br />purpose for which each debit to the Funds was made. 'I~hc Funds arc pledged as additional security [or [he sums secured
<br />by the Du•.I ul Trust.
<br />If the :annual ul IL+c Funds hclJ b} Lender, u,gcthrr with the Inntre monthly installments of Funds payable prior to
<br />rhr Jar dates of lase,. avr,vncut,, insurance premiums and ground rents, shrill exceed the amount required to pay said taxes.
<br />asseaments. insumnce prenuun„ enJ grounJ «nt< as Ihec L,ll due, such evicess shall be, at Borrower's option, either
<br />promptly rcpmJ Io &rn~owcr or rrcdbeJ to Borrower nn monody installments of Funds. if the amouN of the Funds
<br />held by I rnJer ,hall not he wtlirtcnt a. pay c„c,, rice„nrcnn, w,ur.,nce prcmmms and ground rents as they fall due.
<br />Borrower ,hall p,:y to Lender .Iny anon+w n«es,ary to make up the Jrflcu•ncy within 30 days (ram the [tale notice is mailed
<br />by Lender to Borrower royueshng payment thereof.
<br />Upon payment in 1 all ut all sums u:auvd h) ntu DrcJ o1 l'n:,l Lcnilcr shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph tS hereof the Property n sold or [he Property Is rnherwise aeyuired by LendeG Lender
<br />shall apply. nn Inter than rmmediately poor nr the xde of the Pn,pcny or its acquisition by LenJer, any Funds hall by
<br />Lender at [he time of application us a c«dit against the sums secured by this Deed of Trust.
<br />3. Applicalinn of Payments. Unless applicable L:w pn,vldr, ,nhcrwac, all paymenu receivcJ by Lender under the
<br />Irate and paragraphs I tool 2 hereof shall he applied by Lcnilcr fiat in payanrnl of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to mte«st payaMc un the Nutt, then w the principal of the Note, and then to interest and
<br />principal on any Future ,4Jvanccs.
<br />i. Charges; Liens. Borrower shall pay all unc,. asrsntenlc :nisi other charges. fines ;mJ Impositions attributable to
<br />the Prnperq~ which may :Main a prority over ttn, Dccd of T nuL :uIJ Icaschold payments or ground rents, if any, in the
<br />manner provided under paragraph ?hereof or. if not paid rn curb manner. by Borrower making puymcn4 when due, directly
<br />to the payee thereat. Borrower shall promptly furm,h [u LcnJcl :Jl nuu«, ut amounts due under this paragraph, and in the
<br />event Burrower shalt make paymew du racy, &rrn,wcr ;h:JI pnnnpdy riunsh to I finder receipts eviJencing such payments.
<br />Bnrrcrw'er ,hall promptly dlxhargr any lien whrch has puunh .~, c+ flu, UcrJ of trust: prov,deJ. That Borrower shall not Ire
<br />rcyuurd to discharge an)~ inch hen ,o wog :n Bun ewer ,hall ..g: ec a ,u it urn w the paymcm of the obhgatian secured by
<br />,uch hen m a manner u~ccptable to Lender, ur ,h:dl w goad lash ~oma;t wch ben hy, or JefenJ enfurccmem of such lien in.
<br />legal prurecdmg, whrch operate n. prevent the cnlurcrmcm a1 the Ern ur forfeiture al the Prupeny or any part thereof.
<br />5. Hazard Insurance. Barrow rr ,hall keep the impmvrmrnn uuw cent utg or hereafter creaeJ on the Property insured
<br />against Ins btr fire. hazard; utduded within the term "[,tended eo+a-.Igr", :utJ ,uch other hazards as Lender may require
<br />and m su it amounts ::nil for ,uch penuds as I ender may Iapurr-, plnv~ded. that LenJer shall not «quire that the amount of
<br />such coverage rsceed that amount of cucer.,gr reyu:red~ 1o pa. Ux sum, xurrcd 6y this Died of Tnrst.
<br />The insurance carrier pnr•uling the inxvance ,hall he .hu,rn hr Borrower subject to approval h}' Lender: provideJ.
<br />that such approval shall not tee wueasonahly wuhhcld_ All premiums wr insurance policies shall be paid in [he manta[
<br />provided under paragraph "' hereo[ ar, it nut patd m wch manner, b)~ Borrower making payment, when due, directly to the
<br />insurance carrier.
<br />All insuranre puheir, .utJ ronewals thereat shall be m wI m u:.rpcthle to LenJer and shall Include a standard mongage
<br />clause in favor of and in form acreptahle to Linder. I cndrr ,hall h:nc the nght to holJ the policies and renewals thereof.
<br />and Borrower shall promptly furnish eu Lender all renewal notice, enJ :JI receipts of paid premiums. In the event of toss,
<br />Borrower shall give prompt nutrce to the insurance carrier :ur.l LenJer. Lender ma}• make proof of loss if oat made promptly
<br />by Borrower.
<br />Unless !.ender and Borrower othcnvlse agree in w nl,ng, unmoor[ pro[[[ds ,hall he applied to restoration or repair[ of
<br />the Property damaged, provided such rcstoratiun o1 Iepmr r, ecnuouu,..rlly Ira,ihle :mil the security of this Deed of Trust is
<br />no[ [hereb}• unpaired. If such resmrauon or repo,[ a nut rcananuwlly Iwslhlc or rf the security of this Deed of Trust would
<br />be impaired, the insurance proceeds shall be applied to the sums waned by this Decd of Trust, with the excess, if any, paid
<br />W Borrower. if the Property is abandunrJ 6y Burrower, or i! BOrnrwCf falls to respond m Lender within 30 days from the
<br />dale notice is mailed by Lender to Borrower that the msurancr carnet infers to settle a claim for insurance benefits, Lender
<br />is authorized to rnllect and apply the insurance proceeds at Lender's option wither to restoration or repair of the Property
<br />or [o the sums secured try this Decd of Trust.
<br />' Unless Lender and Borrower otherwise agree in wrnmg, :urp ,urh application of proceeds to principal shall not extend
<br />ar postpone the due drte of the monthly inswNntruts retcrreJ to m paragraphs I enJ 2 hereof or chuuge the amount of
<br />such installments. If under paragraph IB hereof the Property r, :tnywred by 1_ender, all right, title and interest of Borrower
<br />in and~[o any insurance policies and in and to the proceeds thereoY rewhing from damage to the Properly prior to the sale
<br />or acyuisition shall pass to Lender m the extent of the scans secured by this Des:d of Trust immediately prior to such sale or
<br />acquisuton.
<br />6. Preservafba-asd MaWenaoce of Property; Leasrhalds; Condominiums; Planned UnN DerdoptweMs. Borrower
<br />shall keep the Property in good repo,[ and shall na a,mnut waste ar pernm impairment ur Jeterioratian of the Property
<br />and shall comply with the provisions of any lease if this Decd ot'Prust Is un a leasehold. If this Deed of Trust is on a unit in a
<br />condominium or a planned unit development, Borrower shall pcdonn all of Borrower's obligations under the declaration
<br />or covenants creating or govenring the condominwm or planned unit developmem, the by-laws and regulations of the
<br />condominium or planned unit development, and constiwem dcxumcnu. IC a condominium or planned unit development
<br />rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such rider
<br />shall be incorporated into and shall amend and supplemem the rovenanu :urJ agreements of this Decd of Trust as if the rider
<br />leers a par[ hereof.
<br />7. TralecUon of Lender's Security, if Borrower fails w perform the covenants and agreements contained in [his
<br />Deed of Trust, or if any action or proceeding is commenced wh,ch materially affects Lender's interest in the Properly,
<br />includipg,. but not limited to, emitlent domain, insolvcney, code enforcement, or arrangetnenu or prceeelings.involving-a
<br />bankrupt or deculnat, then LenJa at Lender's option, upon native w Borrower, may make such appearances, Jisburu such
<br />Bruns;and glee such •rction as is nuersary to protect ixnder's interest, including, but not limited to, disbursement of
<br />reawnahk aitomey's fees and entry upon the Property to make «pairs. If Lender required mortgage insurance as a
<br />cotiAitmaof making the loan secured by this Deed of Trust, Borrower shalt pay the premiums required to maintain such
<br />invurtia,e,:in effcef Unlit such lilac as the requirement for such insucnnee terminates in accordance with 8orrowcr`s and
<br />Lender i carioca rltFeerneat or applicable law. Borrower shelf pay the amount of all trtortgage insurance premiums in the
<br />moons[ providal trrtrlet paragraph- 2 hereof.
<br />Any arrsounts disbursed by Lertder pursuant to this paragraph 7, with interest thereon, shall became additional
<br />_ iryde4tedness of'&trrawar-secure(-.by this D,xd.af Trust. Unless Borrower and Lender agree to other terms of payment, ouch
<br />amounts shall tra:payablc-upon notice from lxndcr to Borrower rcyuesliug payment thereof, and shag treat interest from the
<br />dab of djshiXttittrepi attha rate; pryabk from time to time on outstanding principal under rtes Nate unless paytnant of interest
<br />at [uch rata would be contrary Eo applicable IAw, in which event such amounts shaft bear iatcrest at the highest rate
<br />pernrtstribls larder applicable law, Nahing contairuJ in thrs paragraph 7 shat) require Lender to incur any expense or take
<br />soy actnxr httrauadsr.
<br />!G ltsrtpatllun, !,sailor may make or cause io ire made rca.suuatrfc entries opus enJ u>.spec[iarls of the Property, provided
<br />- That Isrr.ferrthali;gtvc-B(rrrawar realise print try auy such itaspb~uan apvz:ity'-ing raasoaahfc cause therefor related to Lender's
<br />mternt in the Pmaoknr.
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