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<br />84--001"'~
<br />UtvtFOnst CoveN,tivrs. Borrower and Lender covenant and agree as follows: rj ~-~
<br />.1. Payment of Principal rstrd Inftrest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and Inte charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured t+y this Dred of Trust.
<br />2. Ilta.da for Tam tad laearaace. Subject to applicable taw or to a written waiver by Leader, $orrower 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 "Funds"} equal to one-twelfth of the yeary taxes and assessments which may attain priority over this
<br />Dred of Trust, and grourul rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus orre.-twelfth of yearly premium iastaltments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by Ixnder on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an inatitutian the deposits or accounts of which are insured or guaranteed by- a Federal or
<br />state agency (including Lender if Lender is such an institutianl. Lender shat) apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground ants. Lender may not charge far so holding and applying the Ftmds, analyzing said account
<br />err verifying and compiling said assessments and bills. wrtess Lender pays Borrower interest on the Funds and applicable law
<br />permitx Lender to make such a charge. Borrower and Lender may agree in writing nt the time of execution of this
<br />Deed of Trust (fiat interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall net be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debus to the Funds andYhe
<br />purpaae for which each debit to the Funds was made. The Funds arc pledged as additional securNy for the soma 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 payable prior to
<br />the due dates of taxes, assessrmnts, insurance premiums and ground ants, shall exceed the amount required to pay card taxes.
<br />assessments, insuroace premiums and groand rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrnwer err credited to Borrower an momhly installments nC Funds. If the amount of [he Funds
<br />held by Lender shaft not hr sufficient to pay races, assessments, insurance premiums and ground rents as they fall due.
<br />Harrower shall pay to Lender any amount necessary to make up the deficiency within 3t) days from the date notice-Es mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by drrs tk•ed of Trust, Lender shall promptly refund to Borrower any Funds
<br />held by Lender. [f ttndrr paragraph I g hereof the Fropeny is soEd err the Property is otherwise acquired by Lender, Lender
<br />shnEE apply, no later than immcdiatety prier to the safe of the Property or its acquisition by [.ender, any Funds held 6y
<br />Lender at the time of application as a credit against rho sums secured by this 17eed of Trust_
<br />~. Applicatlon of Payments. llnEess applicable taw provides otherwise, aft payments received 6y Lender under the
<br />Note and paragraphs [and 2 hereof shall he applied by L,cnder first m payment of amounts payable to Lender by Borrower
<br />under paragraph ? hereof, [hen to interest payable an the Note, then to the principal of the Note, and then to interest and
<br />principal on any future Advances.
<br />d. Charges; I.fena- Borrnwer shall pay all ta~cs. assessments and other charges. fines and rmpnsitinns attributahte to
<br />the Property which may attain a priority over rhs Dcrd of Tnui, and leasehold payments or ground trots, if any, in the
<br />manner provided under paragraph 2 hereof or. it oat paid in such rnnaner, by Borrower making payment, when due, directy
<br />to the payee thereat. Borrower shall promptly furnish to (.ender all nouces of amounts dur under this paragraph, and in the
<br />event Burrower shall make paymcm dueciiy, Aurrower shall promptly Furnrsh to Lender receipts evidencing such payments.
<br />Borrower shalt prnmptiy discharge any lien which has priarrty over thrs Deed of "Trust; provided, that Borrower shall not be
<br />required m discharge any such lien xn tang err Borrower shall agree m writing a= the paymrnt at the ohlEgation seeurcd by
<br />wch hen en a manner acceptable tc> Lender. or shall rn goad Earth tamest such Imo h}', err defend enforcement of such lien in.
<br />regal gproceeiin s w°hreh aperote «~ prevent the entarcement of the lieu or forfeiture of the Property or any part thereof.
<br />S. Aaard l:~anaer. $orrower shalt keep the impravrmersts now existing or hrreaftrr erectsd on the Property insured
<br />against Eons by 5re, hazards includod within the term "extended coverage", and such other hazards as trader may. require
<br />and in suoh amounts seed fat such prnads as l.a:nder may require; provided, that Lender shall oat require that the amount.of
<br />such coverage exceed that amount of cavcrage required to pay the sums secured by this Deed of Trust.
<br />'Ctrl insurartcr carrier providing the insurance shalt be Chou^.n by Borrower sub~tct tt+ approval by Lender: pravidrd.
<br />that attch approve{ sbaB not I,rr unreasonably withheld. All premiums ou insurance paheies. shall br paid in the ~ manttu
<br />provided under paragraph :Hereof or, iE nut paid in suc4 manner, by Harrower making payttrent, when due, directly to the
<br />insurance ratrrier,
<br />AB insurance paEtcics and nncwals thereof shall be in farm acceptable to Londee and shall inclr,tde a standard mortgage
<br />clause in favor of and in frsrnr acceptable «e t.eader. I.rndct shall have the right to hoEd the policies aad renewals thereat.
<br />artd $arrowrr shall grompUy furnish to Lender a!i renewer natiee~s and all receipts of paid premiums. In the event of foss,
<br />Harrower shaft give prompt eotiir is the insurance carrier and f.errder. Lrndrr may make proof of lass if oat made promptly
<br />by Harrower.
<br />Unless Lender aad Bornrwcr otherwise agror in writing, tnsurarcr pracerds shall be applied to restoration or repair of
<br />the Peaperty damaged, provided su+:h rcstaratian or roparr is eennamrcalty feasible and the security of this 1?rtd of Trust is
<br />not thereby ampaired- U such restarntian or repair is not rctsnamically frasib[c err if the security of ibis Decd of Tntst would
<br />ter impaired, the innrrance prttectds shall br applied to the sums seeurcd by this Deed of "Crust, with the excess. if any, paid
<br />to Borrower. If the Property is ahandoaed by $nrrower, err iI Borrower tails to respond to Ixndor within 30 days From the
<br />date notice is mailed by Lender to Harrower that the insurance carrier offers is settle a claim far insurance benefits, I..endcr
<br />is amhorizrd to catlect and apply the insurance proceeds at Lender's option cithtr w restoration or repair of the Property
<br />nr to rho auras secured by this Dead of Trust.
<br />Uoless Lender sled Borrower otherwise agree to writing, any such application of proceeds to principal shall not extend
<br />err postpone the dtte dell of the aronthty installments roferrrd to in paragraphs I and 2 hereof or change the amount at
<br />such ttrstatltitrnts. If tender paragrat>!t ld hrrcaf the Property is arquved by Lender, all right, title and interest of harrower
<br />in amt rn say insurance paiicies andd m aad m the pracerds thereat resulting from damage to rho Property prior to the salt
<br />err acquisition shall pass to txttder to the estont of the sums secured 6y this Lked of Trust Immediately prior to such sale or
<br />aegtelaitLOn,
<br />6. Proserratlarr and MaYNeaance of Property; Ixasebolds: Cotrdomiaiams; Plrotard Knit Ihvelopmeafs- Burrower
<br />shall kelp the Property m goad reparr aad shall not caramel waste err permit impairment nr drterinratitm of the Property
<br />seal shall comply with the provisions of any lease if this Deed of Trust is un a Erasehaid. if this Deed of Trust is un a unit in a
<br />s~andaminium or a planned unit development, Borrnwer shaft perform a!1 of Borrower's abtigations under the der{oration
<br />or covenants creating or governing the enndaminium nr planned unit devrlaprnent. tht 6y-laws and regulations of the
<br />L°andomiaitun err planned unit devetoptrrtnt, am! coastiroent dorumrnts. [f a condominium or planned nnh dovelupmeni
<br />rider is oxeeuttd by Borrower and rrearded together with This Ueed of 7tvst, the covenants and agreements of such rider
<br />shad br iarnrparattd inia and shall amend and supplemeru the covenants and agreements of this Ured of Trust as if the rider
<br />ware a part hereof.
<br />?. Pteleefiaa o! Leuder'a Seearify. If Barrowcr fails ro prrfarm the covenants and agreements caniamed in this
<br />Uteri of Tt^c+rt: err if any action or prrlcrrding is ccursmraetd which matuiaity afTeets itndcr's intrrtat in the Property.
<br />irrrlrxfirtg. but not limited to, arttinrnt domain, ituofvenc}=, coda tnfnrctment, err arrangements. err proceedings involving a
<br />boa-ru{q err dtcndent, thin Ltrtdtr at Lotadtr's aptian- upon notice to Barrawer, may make such appearances, disburse such
<br />sums antf take sorb action as is n+xessary to protect bender's interest. including, but oat fimixal m. dishutsenront oI
<br />reaaoaablt attoreoy's tets and tatty upon the Property to make repairs. ff Lander rrquirtd morEgagr lnsurartr as a
<br />candsLioa of -making ttx laan.srcurtd by ibis Dtxd of 'f'rost, &trrawrr shall pay the premiums required to maintain such
<br />i'pstt[arKY in t-t until sutdt. Ctz~te its the rrqu~tremcnt for such insurance terminates in aecordam'r with Bnraawer'x and
<br />t,{"a wrieten aAttemant err appiittabie taw. BMrowcr shelf pay the amount of all mangago insurance prrmitrms in the
<br />msttttef-prav{dded under paragraph 2 hareaf.
<br />,Axy sxnauotx dtsburseJ by taettitcr pursuant «e this paragraph 7, with nakerosi thereon, shaft brcKrme additional
<br />irt$~tedrtcsa at t'lartowcr secursd Iry this Dred at" Trust. Unless Harrower aruf t.rudrr agree to other [arms of payment, such
<br />anltr-+rmq rhr,l! be pnyablt upon ncrtict tram i.rttdrr to Harrower rrgttexting paymrnt ihercaf. and shaft hoar interest Cn;rm the
<br />data of tksbunentant nt tT>'e. raft payable froth tfanr to time oa outstanding prtncipat under the Note irnlcss paynirat of interest
<br />~, suet( rat,'k wuukl fie canu'aty to apglicablr ia~w, in which event shah amnanix ehatt hear rmerrst at the highest tact
<br />ptatrsk~siit~ urNkr apptiratdt law. Nathing contained rn this paragraph 7 shah require Leader to incur any cxpcaar err take
<br />arty eeriest irtrriwdar.
<br />B. J+arrretMo: t.aaodtr may make err cellar to tee. na;ute rrasa:naEato rrurnes r;pnn and inspcehctt» of the Pittpcrty. rtsvideJ
<br />ihst f crylrtshalt 6tvs Borrr~ ac>kirr prier to any xtith inx_pectian specitywg rra~+trahie cause thrretnr rehttt'd to T~enclrr'x
<br />rnrerbt in fYre Prae~rsr..
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