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<br />~a - oois77
<br />Uvteoast CoveNnvrs. Borrower and Lender .:ovenant and agree as follows:
<br />1. Payment of Principal and Imeresf. Burrr,wer ,hall promptly pay when due the p, melee! of and inttrcst on the
<br />mdchtednes evidenced by the Nnte, prepayment and larr charges as pmv,ded m the Note.:md the principal of and interest
<br />nn an Future i(dvartcCt .,:cured by chic [kcal of I ru,t
<br />~. Rrnds for Tatcea and Irrsnraace. Subject to applicable !aw or to a written waiver by !.ender, Borrower shall pay
<br />to t ender nn the cLry month!}• installments of principal and interost are payable under the Nole. until the Note is paid in full.
<br />a sum therein "Funds'1 equal to one-twelfth of the yearly taxes and assessments which ma}' attain priority over this
<br />lamed of Trust, and ground rents on the Pr++perty. if any. plus one-twelfth of yearly premium installments for hazard insurance.
<br />plus one-twelfth of yearly premium installments fax mortgage insurance. d any. all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments :rod 6itts and reasonable estimates thereof.
<br />The Funds shalt be held in :vt inslihitian the deposits or account. of which are insured nr guarameerl by a Federal ar
<br />,rate agency (including I-ender it Lender is .uch an instituuoN. 1_ender shall apply the Funds to pay said taxes, assessments.
<br />msorance premiums and ground rents. Lender mat' not charge far su holding and applying the Funds, analyzing said aecrmnl
<br />nr vsrifying and compiling caul assessments and huts, unless Lender pays Borrower interest on the Fttnits and applicable'law
<br />permits I ender to make such a charge Borrower and 1 Winder may agree in writing at the time of execution oL this
<br />Decil of "Frost that imeresr on the Funch .hall he pa,d a, Borrower, and unless xuch agreement is made or appliaabk law
<br />requires arch interest to be paid. t ender shall not 4rc reywred to pay Bon~ower .toy interest or earnings on the Funds. Lentler
<br />shalt give to Borrower, without charge. an annual sccnunting of the Funds showing credits and debits 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 aeeured
<br />by rhrs Dezd of Trust
<br />If the amount of the Funds held h; Lender. n,gcther with the future monthly insmtlmems of Funds payable-Irrior to
<br />the due dates of [a.xec, aacsmenrs, ~rsurance premiums and ground rents, shall exceed the amount required to pay said taxes.
<br />assessments, insurance premwmc and ground teen ax thec toll due, wch excess shall be, at Borrower's option, eiCh[r
<br />promptly repaid to Barrower or credited h~ Borrower un monthly installments of Funds. IP the amaunt of the Funds
<br />held by Lender shall oat ~ suftir,em in pay taxes. assessments, insurance premiums and ground rents as they fall dtx,
<br />Borrower shall pay ur Lender any- amoum necessan• m make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower regtesting payment thereof.
<br />Uprm pa}•ment in dull ;d al! sums ,crated by the Decd of Trust. Linder shall promptly refund to Borrower any Funde
<br />held by Lender It under paragraph 18 herza( the Property ~, sold nr the Property is otherwise acquired by Lender, Lender
<br />shall apply. nn later than immediately prior n, the ,ale of the Property or its acquisition by Lendc4 any Funds heldby
<br />Lender at the ume of appbcatinn : s a credit against the sums secured by this Deed of Truer.
<br />J. Application of Payments. Unless appircable {aw• pravules atherwtse. all payments received by Lender urtder the
<br />Note and paragraphs !and '_ hereof shall tn: applied h} tender first in paymcm of amounts payable to Lender by Borrower
<br />under paragraph Z hermf, then to interest payable on the Vote, then to the principal of the Note. and then to Inleresf and
<br />prmcrpal on any Future Advances.
<br />d. ChatTies; Lkm. Borrower ,hail pay .,It taxes. assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a prrants over rhs Deed of Trust and Icasehold payments or ground rents, if any, its the
<br />mtmntr provided under paragraph ? hereof oc rf not paid in such manner. by Burrower making payment, when due, dtrectly
<br />to the payee thereof. Borrower shall promptly f urmsh nr Lender ;ill not,cz, of amoonls due tinder this paragraph, and In the
<br />event 8ormwer shall make paymmm cbrzctly. Borrower shall promptly funnsh w Lender recerpta evidencing such payments.
<br />Borcawer shah promptly discharge any lien which has pnonrv aaer this Deed aF 1'nst: pnrvrded, that Borrower shall nu[ be
<br />required w discharge any such lien u, long .n Borrower +huil .+grec m wriuntt w the payment of the obligation secured by
<br />wch hen m a rnamrer as ceptabie w Lender, er shah ur guru( loon comes[ such l.en by, er defend Gnfnt'Cemenl of such lien in.
<br />legal proc:eedinga which operace ur prevent the enh+rcement of the hen or torteiiure of the Property or any Part thereof.
<br />S. Hasard Ifrwracr. Borrower ,hall krrp the nnpruvements now ex,sturg or hereafter erected an the Property insured
<br />aganst loss try fire, hazards iaduded wuhm the icrm ~~e.tendcd coverage". and ,uch ether hazards as Lender may require
<br />and to such amuums and far wch penads .,s I.cnder may require; providuf, [hue Lt;nder shaft vet require that theamount-af
<br />such coverage exceed that amount of -overage requnrd to pay the sums record by this Deed of Trust.
<br />T'he insurance comer pravrding the in,urancz .hall be chuun by Burrower subject to approval by 1_cnder; provide(..
<br />that such approval shall oat tre unreasonably wuhheld. Ai! premiums on insurance policies shall he paid in the.rtgn4N
<br />provided under paragraph Z hereof or, it nut pniU sn such manger, b} Borrower making payment, when due, directly fo~the
<br />mwraace carrier.
<br />All insurance policies and renewals rherecrt shah he m form ac.:eptahle to Lender and shall include a staud~ard marfgage-
<br />clause in favor of and in farm areeprahte to Lender. Lender shalt have the fight to hard the policies acrd. renewtds tlterd~(c
<br />acrd Borowe-r shall pratnptty furnish to l..eruier ..+!! renzw al ncrticc. ,rod xdI receipts of paid premiums, In [be rtvenl of lttsk.
<br />Borrower rhea g,ve prompt rwuce to the ntsurance car, ier .out !.ender. Lender may make- proof of lass if oat matte-promptly
<br />by Barrower.
<br />Unlus Lender and Borrower artheru~se agree in ,vntnag, insurance proceeds shall be applied to restoration or repair of
<br />the Propeny damaged, praveded such t~uuauou or repair is c.a+nunucally fcasiblu and the security of this Deed of T'Ci/$t is
<br />not thereby impaired. tf suvh restoranon or report is nut ecanunvicaiiy teasrbte ar sE rhrs security of this Deed of Tn,st would
<br />tx impaired, the insurance prcxeads shall ere xpphe,i to the sums sectued by this Deed of 'Trust, with the excess, if any, paid
<br />to Barrower. if the Property ,; abandarred by Borrower, ,=r if Barrower foils to respond to Lender within 30 days from the
<br />date nonce Es mailed by Lender to Borrower that the inaurancc atrrrar ntTers to souk u Claim for insurance benefits. Lender
<br />is authorized to cafiec:t and apply the insurance proxeeds :it Lender's arpuon tither to restaratfuu ar repair of the Property
<br />or to the sums secured by rhrs Deed a?f ('rust.
<br />Unless Lander and Barn,wer otherwtsc agree ~n wrutng, any such appficattan at pro:eads to principal shall not txtend
<br />pr postpone the due date of the month(}' installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments. If under paragraph 7 t+ hereof the I'raperty is acquired by t coder, all right, title ;rod imeresr of Bortczwar
<br />in and to any insurance policies and in and to the pttxeeds thereof resulting tram damage to the Property prier to the sale
<br />ar acquisition shall pass to ka+nder to the extent o! the soots secured by this Ueetf of Trusi imroadialely prior to such sale or
<br />acquisiuon.
<br />~. Praseryatloa cad Malaieoauce of Froperty; Leaselroldst C.ondomiNumat Flaaned Unit Ikvelalwstts. Borrower
<br />shsB keep the Prcrperi}' m Ltuod report and sbatl not cantina waste or pern.rt impairment or dcleriaration of the Properly
<br />std shall camplg with the pmvisiatts of any lease if rhrs Deed of Trust t, un a leasehold. If this Deed of Trust is on a unit (n a
<br />condominium or a piantted unit development, Borrower snarl pedann aN of Borrower's ohligatinns under the declaration
<br />or cavettants creating ar governing rite condaminivm ar planned unit developrent, the by-laws and mgulations of the
<br />cattdotainittm w pltttuud attic developmem, and constituent dauments, If a rondominium ur planned unit development
<br />rider is executer! by Borrower and recorded together with this Decd of Trust, the covenants and agreements of such rider
<br />shat( be incorporated into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the cider
<br />were a prsn hereof.
<br />7, Tstshcliaa of I.edera fiieet[rity. If Borrower Earls to perform the covenants and agroements contained in thix
<br />Deaf of TrtraC, ar if any action or proceeding is commenced whrch rnatenakly atfecw f-cadet's interest in the Property,
<br />including, but not limited to, eminent domain, insolvency, erode enforcement, or arrangements or proceedings involving a
<br />bankrupt or decaleat, then Lender at Lender's option, ogee notice to Borrower, may snake such aQpearances, disburse such
<br />rapt{ anti take wsh action as is aeetxsary to protect ]xnders interest, occluding, but not lhnuod ta, disltursemem of
<br />reasonable altgrrtey'S fens and entry upon the Property to snake repairs. If Lender required mortgage insumnce as a
<br />srtrd`etion at making itte loan secured b?)• this Daa1 of Trust, Borrower shalt pay the premiums required to maintain such
<br />iast;rattee, in n$ert tmtii such Eime as the requitement far such insvrancc termmatas m accordana~e with Borrower's and
<br />Leader's trttiiten agreement or a late law. Borrower shall pay the amount of alt mortgage insurance prcmigtns in the
<br />manner provided utsder ap~herenL
<br />-An}, tmWittf tl~atbt-~rlry Under putstrant to this paragraph ?, with mteaest thereon, shelf beeatne addiGanai
<br />irrkbtedntis-o[ Borrower sauce( by ibis :]etd of 'crust, LJ mess Burrower and Lender agree to ether terms of payncrnt, such
<br />atttounts shad tae payable upon notice from t~ndar to 8r:rrawer requesting payment thereof, and shall bran interest from the
<br />date at rlbbucsetrteui aC the air: payable from rimy to time on avtstandin$ principal under she Note utrla~s payment of irterest
<br />aA r,ch racy wo#Frhbp 'cirntrriry to applicable law, in wfuicft evuttx'.rch anururns <halt hear interest at the heghest rate
<br />pertttiuiWe utidcr applFCalt}n taw. I+IOtfting cautait¢tul in tiaiz ~ragraph ? shai£ rcqu,rvs Lrrader to trx:ut any rapr;nse or take
<br />any a4tu?tr fcrrcunder,
<br />B, hwFrHMa, l.ottder may make ar cause to br matte raa~~sxntabte acurses open sod mxpr.et cuts of the Prol~~rq pruvidzci
<br />that l.cndrt shall try= B~rrrowet saettiev prior So arty situp iratpe4taMr sera dying reaainnabic coos,. titerctor re,atad to Lendetb
<br />intttrtBt in the Prorrtaty.
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