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<br />Ur+tt=oaxt Cover+xnts. Borrower and bender covenant and agree as follows-
<br />.t. hyrneM o/ Principal sled Intrresl. Borrower shall promptly pay when due the principal of and interest on [he
<br />mdehtedness 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. Retails fee Tam nr/ hseraam. Subject to applicable law or to a written waiver by Lender, Borrower shill pay
<br />to Lender nn the day monthly installments of principal and interest are payable under the Note, until [he Note is paid in full,
<br />a sum (herein "Funds°I equal [o one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust, and ground rents on the Propen}•, i(any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by I~nder on the basis o[ assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of wfiich are insured or guarantced by a Federal or
<br />state agency (ncludivg I-ender if Lender is such an institution). Lender shall apply the Funds to pa said taxes. assessments.
<br />insurance premiums and ground rents. [-ender may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying and rnmpiling said assessments and hills, unless 1-ender pays Borrower interest on the Funds amI applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />[Xrd of Trust that interest on the Funets shall he paid to Borrower, and unless such agrcement is made or applicable law
<br />requires such interest to tze paid. Lender shall not be required to pay Borrower any interact or earnings on the Funds. Lender
<br />shall give to Borrower. without charge, an annual accounting of the Funds showing credits and debris to the Fundsantl-the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the arrrm secured
<br />by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installrnemts of Funds payable prior to
<br />the due dates of texas, assessments, insurance premiums and ground rents, shelf exceed the amount required to pay seid~taxts,
<br />assessments, insurance preminms and ground rents as they (all due, such excess shall be, at Bdrrowers opttan, 4ithee
<br />promptly repaid to Borrower ar credited to Borrower nn monthly installments of Funds. If the amount 4 the Furtds
<br />hdd by Fender shall not be sufhaent to pay taxes. assessments. insurance premiums and ground rents- as they fall ~tlue:
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date rtotice b mailed
<br />by Lender m Borrower requesting payment thereof. -,
<br />Upon paymem in full of all sums secured by this Deal of Trust, lender shall promptly refund to-Borrower any Funds<.
<br />held by Lender. If under paragragfi 1R hereof the Property is sold or the Property u otherwise aequitidby Letrtkr; Lender
<br />shag apply, no later than immedeatety poor to the sale of the Property or its acquisition by Lertdeq any Funds. hakt.6y -
<br />Lender at the time of application as a credit against the sums secured by this Deed of Trmt.
<br />d. AMlirafioo of l9 etc. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs 7 and 2 hereof shall tze ap~~++~ied by L~'<rder first m paymem of amounts payable to sender by Borrower
<br />under paragraph 2 hereof. then to interest payable on [he Note, then to the principal of the Note, and then to interest and
<br />Annapa! on any Future Advances.
<br />S. CbarRes; I..iews. Burrower shall pay a!I taxes. a.+ussmentc and other charges, fines and impvsi[ions attributabk-to
<br />the Property which may attain a onarity «ver this Dee<i of Trust, and leasehold payments or ground rents, if aey, iq-tht-
<br />manner provided under paragraph 2 hereof or, if not paid in such ntantter, by Borrower making paytrtetrt, when due, directly
<br />to the payee ehereof. Borrower shalt promptly tarnish to Lender all notices of amounts due under thin paragraph, and.er the
<br />event Horrower shall make paymem duixtly. Borrower shall promptly furnish to Lender receipU evidencing such payaneets,
<br />Borrower shat! promptly dtxharge env lien which has pnoriry over this Deed of Trust; provided that Borrower shah 1rW be
<br />regmred to discharge any such Tien w Fong as Horrower shat! agrce in writing to the payment of the obligation sceured 6y
<br />itch hen m a manner acceptable t<~ Lender. cu r<Itall m good Carib cement such ben by, or defend enforcement of such lien ia.
<br />legal prcxeedmgs wfirch operate to prcvcm the anturcement of the hen or forfeiture of the Properly or any part thereof.
<br />5. Flaard Iruwruce. Borrawcr shall keep the improvements now existing yr hereafter erected on [he Property instNed
<br />against loss 6y fire, fiazards included within the teen "extended leverage", and such other hazards as Gentle nay require
<br />and in Bach amounts and for such periods as Lender may require; provided, that Lender shall oat require that [he~timount u(
<br />such coverage exa°ecd that amount of caveragc ergo}red to pay the sums sta-ured by this Deed of Tnesi, -
<br />The insxuana-e carrier providing the insurance shaft bvu chosen by Borrower subjat to approve) by Lender, ~pta~ded.
<br />that stx6 approval shall not Izc uureasanablp withheld. All premiums av insurance pnlitim shall: be paid- in die ttWipar=.
<br />provided under paragnp6 ? hrrsof or, it not paid in stub manner, by Borrower retaking payment, when due, ditecQy fa. t-te
<br />imuraocr carrier. -
<br />Rtt insuran,x pahaeas and rersewats thereof' shall be in Corm acceptable to Lander and shal# inal_rtde a standsird-[ttorlgtige
<br />clause in favor of and in form acceptable to Ixnder. f_cnder shall have the right to hold the policies and renewals lhttreof.
<br />.vnd Borrower shall prampily furnish ra l.etrder ail renewal natives acrd all receipts of paid premium;. In the wont-of lass.
<br />Borrower shaft gene prompt noxtcc to the msurarac~a carr,ar anal [xndrr. Lender may make proof of losstf not roads-.promptly-.
<br />by Borrower.
<br />Unless Lender and Borrower asharwesr agree in writing, ,nsurance ppracceds shall be applied to restaratign Or rCppaatrr of
<br />the Pmpeny damaged. provided such rasiwation or rtpau ,s rcuuomicaily feasible and the seeutity of this Deed of Trusf~is
<br />nut thereby impaired. tf srsch restoration or ra:pair is not economically feasible ar if rho security of Ibis Dead of Trtrat would -
<br />he ampaired, the insurance prsxect[s shall tze applied ro the sums secured by this Died of Trust, with the excess, if any, gaid-
<br />ni Borrower. 1[ the Property is atsandaned by Borrower, or if Horrower tails to respond to Lender within 3R days from the
<br />date nonce is mailed by I_endrr to Borrau'er that the rnsurnncc carder offers to settle a claim for insurance berre6ta; Lender'
<br />is autharezed to cottect and apply the :nsuraxtea proceeds at Lender`s option erther to restoration or repair of the Properly -
<br /><+r m the sums secured byy this Decd of Trust.
<br />Uviess Lender acrd Borrower atherwnse agree m wruing, any such application of proceeds to principal shall nut t?tRtuf
<br />or postpone the due date of the monthly installments referred to in paragraphs I and ? hereof ar citttngC lho atttounl, of
<br />such installments. If under paragraph lit hereof the Property is acquired by Lender, all right, title and interest of Borrower
<br />m anal to any insurance pol+cies and +n and to the pro,:erds thereof resulting from damage to tfte Propert}' prior to the sale
<br />or acquisition shad pass la Larder ro the extrnt of the sums secured by this Deed of Trmt immediately prior to such sale or
<br />acquisition.
<br />6. Praervatitsn and 1Naietetraace of Ptxrperry; Lrasthulda; Coedomieitttw+ti Irlweed UtsB DevelagtttaBta. Bpcrower
<br />shall keep the Propett} ,n gat+d repair and shall not ean:mu waste or parmu ireppairment ar dtierioration of the Property
<br />and shalt tYampty with the provtstaas of any !rase .f rho Dred a! Trua: is tin a leasehold. IF this Deed of Trust is on a unit m a
<br />condormnium or a planned unit dexelupmeut, Borrower shall perform ail of Borrower's abligatiam under the declaration
<br />or covenants creating or governing the carrdominiurn or planned unit devdapment, the by-laws and regulations of the
<br />condominium ar planned unit development, and constituent documents. If a condominium or planned unit development
<br />rider is executed by Barn:w'er and recorded together wuh th+s Deed of Trust, the covenants and agreemems of such rider
<br />shall txa mauporated inw and shalt anxnd and suppiemem the covenants and .agreements of this Deed o!' !'rust as if the rider
<br />were n pan hereart.
<br />7. PreleeHea vt Lender's Severity. Jf Borrower fa+Is to perfornt the covenants serf agreements eantamed in this
<br />[ked of Trust, a>r if any salon ar proc,,ed mg is ~smmeuced which matenally sftects [-eader's interest in thu Properly,
<br />inchrding, buz rust hnuttd tat, rnriuent domain, iasclvrne}..:ade tnfarcemert, w arrartgentcnts or pnzcecdings involving a
<br />tzankrupt or dece3em, ttxn Lender at Leader's uptipet, opera nonce to Harrower, nmay make such appearances, rlislrursr such
<br />sums and take such acaran as is nccessar} to protect Lenders interest, including, twt rot limited ta, d,sbutsanrent of
<br />rrasaoabk attaetrcy`s fees and emry opine the Property to make reparrs If Louder required martgnge~ insurance as a
<br />i,:asrtdition of ntaking the lean sesuref by this Llead of '!"rust, Bairruwer s#zall pay the premiums required ks maintain such
<br />:nsxsrance in eflec[ anti! srxh time as the rvquitr-nrem for such insuram~e terminates i^ accordanec with Hurrowcra unJ
<br />letrdu`s we;tten agrettrveok or a seabl¢ law &urcwer shall pay the amount of u!! maetgage insurance premiums in the
<br />manner ptuvidril under }wragra : !recent
<br />Anyy- amounts disbursed !ry L.enda purstrarrt to this paragraph '- u~ub +ntartst ther~aott, shall hccanre additonal
<br />indsdrttd~xa txf Borrtosrtr secured by Shia 1'7red azf Tnrst l tnltss Borrower and [ ender agree u, ether terms .~f pay meat, such
<br />nmsnrnta sfkal# t+o payable upon txxti.^a frtzm [ender ter Borrawar requesting p,'tymem thorax>f, and shalt bear interest tram the
<br />date of diabstrxtrttetit at the rain payable from time ks time tin nrxrrianding principal xrndtr ihc. Nrna unless payment of interest
<br />at ssacb rata wauid E+e cnmrary to applieahte law- in wh,t'r rvcint 4;n:h amnutrts zhal! teat ,ntcrt!st ar the fnghcx! rate
<br />raerinlsau2dr ue~-: apptiuWe tau- ±: vrirag t~oma:ncci +n ih~s pas ugraph ? s}n,ull reyture L~and¢r io ina:ur tin} expense or take
<br />any ac.hoir frr,awu7ra.
<br />g, f.111~taYiM, Ltntkt may nsaakc vi ..rese to ba made reas•_,rzahfe rot rarx open serf ;rataw~t:oac ar ;hr Prvpc+t}. pro:,,lcd
<br />•.ha- {-.raeM,a aha!1 govt Barr: wet m'•isa-r pr e.,~i tc any such ins-peitav,.rs sjsrrsfy;ng rr~as+.,na!st€ cateae lheretae ~rht, eel +a. I rndsr ,
<br />~nrerrs€ to the (hoteer[v_
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