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<br />0015
<br />UxtFOttat Cavexaxrs. Borrower and I~nder covenam and agree as follows:
<br />1. IPayaretp of )hiaeipl aril Interest. Borrower shalt promptly pay when due the principal of and interest an the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on anyy Future Advances secured by this Deed of Trust.
<br />2. I+Laic IorTrrtcs acid faitreaaee. S1il>ject to apphpble law ar to a written waiveY by Lender, Borrower shall ply
<br />to Lendu ore the day monthly installments of principal and ineerest are payable under the Note, anti) the Note is paid in full,
<br />a sum (herein "Funds°) equal tea one-twelfth of the Yearly saxes and assessments which may attain priority over this
<br />Deed of Trust, and ground rents on the Property, if any, plus one-twetf[h of ycartypremiuminstaYments for hazard-insurance,
<br />phis ortNtwelfrh of yearly premium ittstailments for mortgage insurance. if any, atlas-rtasonably estimated initially and from
<br />titm to-[Crete by Leader on the teals of assessments and bills and reasana6le estimates !hereof:
<br />The Funds shall he held in an institution the degasits or aceoants of which are insured or guaranteed by a-Federal. or
<br />state agency (nuiuding Lander if Lender is such an institution). Lender shalt apply-the Fbcds to pay said taxes, assessments,
<br />inattratux premiums and grotmd rents. L.endor may not charge-for sa holding: and-.applying-ihc Funds analyzing said-account
<br />orverifyittg and compiling said assessmenu and bibs, xrntcss Lender pays 13arrowrstntetest on the Futids and applicable law
<br />permits (,.order to make such a charge. Harrower and Lender may agree in writing at the time of execution..of this
<br />Dead of Trust that interest nn the Funds shaft be paid to Harrower, and unless such agreement is made ar applipble law
<br />requires such intcrcat to be paid, Ixneltr shall not Fx-inquired to pay-Harrower arty interest:orearnin~s:on the Ftmds: Lender
<br />shalt give is Harrower, without charge, an annual accounting. of ihc Funds Showing credtia-and-debits to the Funds anA:the
<br />purpose for which earn debit to the Funds was made. 7tse Fords are pledged as additional, security for the' name secured
<br />y this Deed of Trust. "
<br />If the amount of tfie Futids bdd by Lender, tagrdher with the future manthty installments of -Fiinds payable prior to
<br />tht due dates of tsxes. assessrticnts, insurance premiums and ginned teats, shall exceedihe~atttoum requiredto paysa[d:taxes,
<br />assessments, insurance pramiatrs anti graurd rents as they fal} due, sash excess shall be,. at Bdrrowee's optton,..either
<br />prampAy repaid to Borrower or credited to Bnrrow~r an ntontltiytnstaJlments df F[mds, -If -the amount of the Furds-
<br />held by Larder shalt not be svfYcient to pay lax<s. assessments, insurance premiums and ground- rertts asthey felt-:due:
<br />Borrower shat! pay to Lcrider any arnotmt rieceasary to make up ihc deficiency within 30. days framihedate naiisx,is-mailad-
<br />by Lerdei ib Horzuwtr requesting paytnenz thcreaf.
<br />Upon payment in fuq of ati sums ser'ttrrd by this Decd of Trust, t..ettd<r strati promptly refund tt~ Borrows any Funds
<br />bald by lznder. ff under paragraph t8 hereof the Yr<merty is sold or the Prczpenv is otherwise acquired- by Lender, Lender
<br />shall aPP1Y, no later than imm<diately prior [n the sale at Ate Property or its aequisitian by Lender, any Funds held'tiy
<br />l:.eaekr at th<titna of apRl`uatian as a credit against the sums seeamd by rites Deed of Trtesi.
<br />3. A~ifeaHna a ystrents. LinJ<ss apphcabf< taw pravideS athervise, atI payment tercived bv-L<nder under the
<br />Natcaiut paragra~ptis J amt Z hca~<c f strati fx appp~ed by Lender first to payment of amounts payable to Txntier bq Borrower
<br />vttder paragraph ~ hereof, then to interest paynble rrr cite Note, thin to the principal of the Note, and ttieb -to :interest and
<br />primipal an aqv Fvtuee Advanc<x.
<br />4. L°#arges; I.iese. Borrower shah paY alt taxes, auesaments and ether rbarges, &nes and tmpasitions anribneble w
<br />the Froperty which may attain a pnaritY aver this Deed of Truss, and f<asehold paymena or gro[md rants; if any, in the
<br />manner provided under ~ragraph 2 hereof ar, if nett paid in such manner, by Borrower making payment, when due: direalY
<br />to the gg vee thereof. Borrower strati promptly frarnrsb to t.end<t` nit notices of attrortnts doe under Jhis paragraph, and in the
<br />ever) Burrower shaft make payment direr€!Y, Harraw~er shall prampdy Cumish to lender recelpu cvrclencing Bitch payments.
<br />Horrnwer shat! prompttY dtssct=at`$.e anY hen which has pnority over this IJecd of Trust; provided, that Bariower shall not be
<br />rcquircd to dtsctxarge anY sue8 lien so Jung as Borrow<r stsaJl agree to writing ua she payrtrent of Cho obligation ascot#eti= by
<br />such lien to a manaxr a.ceptable to !.ender, tar shaft in geed forth cnrtrst curb Lien by, ar defend enfarcetncnt of Bath hen in:
<br />legal pprocxedin which operate to ptrvent the enfarrxm<ns at the Ii<v ar Cnrfciturc at' the Property or any parr thereof.
<br />S. Iir:rrl liewrtree. Borrower xhatl keep ilia rmprcvctitents vow existing ur harcafter-c~ecied oa the Pf•<ipetty instil ed
<br />against frxm by Yrs. hazards included within iris term ...extenders- ccsveragc ", and Bitch. o.hrr hazards as Lender may resluirc
<br />and in stJClt amounts arni far such pcriatts as !.ender may rr'quare. provided, that C,eztsHor ~h:dC not t~e~uirt Ebel-:the amount-af-
<br />satin cavtxage exceed that aenannt of cvvcrag<-r<quir<d tin pay rite sutrss secured by this 13ctd. of ?gust--
<br />Thc itssurattcc carrier providing the insurance xtsatl tn5 cesoseu by Bnrrawer sitltje:t to approval by Lctuler: prgridod*
<br />that st~h appravat shall rwt t~ anreasonably witttlteld, Alt ptcmiums on itzsurancr,pntities shtilt he paid to the nnoner
<br />provfded tinder paragaph :; horeo# or, if not paid in sutih mant~r, by Borrower malting payuuat~ when dtirY_dirsetty to=th2_
<br />ittaurttttce carrier.
<br />AY instu~atu'e pnlickes and nr<waLs ttseseat shalt b< in foam acc>rpxabte to t.endu and-shalt include a standard mottigage
<br />elaus< an favor a€ and it farm aeeptat=Cc to C.rndrx. Jtrr#et shalt tray,: th< right.-to hard ihc-poficles and. t`eitcwals-thcrcof;-
<br />and.Horraw^ae sheet prampdy furnish to I-cn~r nlJ ienewalnrnt~s and atl rreespts of paid pratniutnat to the-event of loc.
<br />Hot:awar sttalt give prompt ntriice z~ ills nrauranC< carrier and Cruder. t.anclar may make prrwf of lass ifnotmade promptly
<br />by Borrower. -
<br />Unless Lender and Borrower atta<swise afircc in wrstxug, iataurancc-procrxds shalt be ~pphul tb trsiuratltut or_reparr of
<br />Ctic Property damaged, provided sue6 e«toratian ar repair a rrccmc~tniratlyfcasible and-iris saciirity of this f3e:ed of-Tt~ust-fs~.
<br />not eher<try impaired. !f sricit r<staraeron ar repair'iz eat ecanrxnSeally feasi#zt< ar if tile-saxurltyof this FJOea!-of Trtrtt-would.
<br />C+e it'xspair<d, the C~trance proecexJs shall err appp~ed to the sums srs:•ured Jxy this Deed at Twat; with fitcexeess. if any, paid-
<br />to Hortower if ihc Fropom, is abandoned fly Bcvi'ow<r, or if Barraser faits to respond to Leader within 3U days from "the
<br />date notice i.s ensued by I.atder to Batraw=er tJtaa the insurtvtee veneer atfets io aeult a r:taim fast insurance: fsettafits. Lendei
<br />is autharimd in cerY<ict anti apply rite insurant~ proca~eds aC Lendtt's option. eiil'terta zectorazinn"~r r6pair of the Fropetty.:
<br />or to tits eaten secured by this Dtanx! nC 7°rust,
<br />iinlesa Loader and Borrower otlicrwise agree in writing., anp such application of prorxtds to principal,shall eat extend..
<br />cx postpate the dew datc~of [he ttsonthtp instalfrn<nts rcfetrcd to in paragraphs l and : Eterebf nr nhange~eCts amatttt::vf.
<br />such EtdtaY#ntarta. Cf tinder ~tragtxpFi 4R htriK+€ rho Property is acquictx! by Lnndtr, ati right, title and intenest of HorraMrer-
<br />in alai to any itisurancr policies a in atul to th< p;ocecds itiemrf resutting item damage to thr Pt~bpert~ prier tv ttte+ sate
<br />ar acquisition shalt pass to Lander as the <xietit al ih< sums secured by i}its Decd of Trost irnmediately peer to such sale or
<br />aequisiteon,
<br />6. T:aaenNMa trri lwtlalatstptre o[ . Lettrclrotdst Y:arrlaaulislaaras; Plaarred Unit 11ere1n~+tteais. Borrower
<br />shat! ktxp the Property its gtMa1 repair and shwa tt crrmmit waste ar p<nniJtin~ppaatrment or rlotariaratior of the Property
<br />atnt shall crompIy with ihc pravisiors of anY lease if this t)ced of Trusl is an a I<aachold. if this Decd of Trust is an a unit in a
<br />c-andstrttinium ar s piantisd unit dcvctap!itrtttt. Borrower sttstt pedarm alt of Horrawar's obltgatietts ender the-declaration
<br />ar covtrnartx rrea:ing ar gorernEstg ttu eottdominium ar pJaatted troll devekrptitent, the by'=laws and mgiAatians of ihr
<br />}~attdkmtinlum or plantt<d snit dnvclaptttettt, and cattaJatuant documents. If a comtominium or planned unit dev<lapmert
<br />sides is ex«uted by Borraw<r and txr.,otilerl together with this Used of Trust, the covenants and agreatnenis of such rider
<br />shall Era finalptttaud itrio and shalt amend atnl suppierJen the covenants and agreements of this Decd of Tritsi as if the rider
<br />were a part ltetdaf.
<br />7. !'rstaxtlaa erI Lasuierk 1Secnrity. If Botrawer faits iu perform the covenants and agreements contained it this
<br />Deed nf- Trna. or if.sny action or praceeiting is ~ammenc-cr# which ruatettially alTseLc Landers interzst-sn. ihc Prapet~tF,
<br />+nriudtng. tmt.etat Lmstaf to. etrtit[rcnt etoiaafd, insa7:vancl~, r:adc snfarcxtnent, ar aerangrniuttts.or prncecdings- itivalving a
<br />haakmpt or dct-edent, then Lender at ).cutlet"s aptiian upon titriice is Harrower, tiny make such-aQptarancrrs, dishtrrsc welt
<br />Bunn anti take such a.rinn s8 is tteccssary to f.c.ndcr's interest. including, bu[ not )trolled iXr, disbursement of
<br />reasatrabke auarstey''s tens a;ad ardry_itihn the ~rn m-irtal€e rrpaits-. If ).coder raga?r¢d mo~ttgs Pnauranco as a
<br />ceitdi[ion rrl rttaktn; ihc Klan secctr<d t'7 thin JTeeil of Trt~t, Bott'ow+ct -shalt pay the premitttns requit<d to maintain such
<br />srurtran:< in cftert until sttctt tune to the t<quirernem ti,r such inswarti~ Jcrmtnates in accsxdanse with Baitvwer`s attd
<br />J..enriu's written ante<mntt nt spptirabk taw Barnwer ahaFt pay the .amount of alt mortgage insurance premiums in the
<br />nuttner prrraieled under paragraph 3 hereof
<br />Any irmouuts disbursed hr !.<nd<r pirlsuunt ;n this taeragrnpli 7, with inlarest Chesser. 3hai1 hecatne addiCi±,utal
<br />Cndebtcd+tesa of Borrawat sactrtYrl by ,hie [kaf of l~ttut. L`nkas Eli9rrawai° acid Lender agree fa atlu+r terms af. paymen, sash
<br />atitounts shalt tic payat>k upon nruirc f rein lead<r tr• lk?rrower rcyu«rnq iz yrrtcnl-tlI, ~ttd shill boar interest: Entail ih<
<br />date at tbsburiwtttcnt at the taro payabk lentil tinrr to t mr nn tartstaniln,g prin~:ipal-itttder-the N€ue"un~ets-paymetti of lntareal
<br />at suk:h. rate wqul,l Y.c ~amtray to appiu:abl< ~uw. ig whiktt svcnt sk,ch amoarla shalt hear 'iuTst a't ills hlgltast rat<
<br />permisaitrirt utrdtr applicsC>te taw. *Jnthivg ~ mta,ncd #n this paragraph ? .hail rcgtrira i_eti€kr-ta im:ar any watpenae or take
<br />-rry action ewttwtder,
<br />^. ~tdaa. I.<nder naay r a ; tss~. to ~ n»dc reasv abir r,:neri z;rR>n and:ttcpat~am eat the Ptx~srtv, prrrviited
<br />9har 1:<ader ahatt Kiv< Botrsrwat e::' .c )" ~ r ~.,~ xrty tutu it19p<ctty~ sprc:itk'.ing reastittatak cau~ th~atefar related in 1..<ntler's
<br />nirr<Rr ?n 11~ r?L AtriF.
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