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<br />84 ---~ 001790
<br />UIttFO11M Covetvxtvrs. Borrower and !.ender covenant and agree as follows
<br />I. Peytaeet of rrinrilel trd leterete. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges u provided in the Note, acrd the principal of and interest
<br />on any Future Advances secured by thrs (Red of Trrst.
<br />r 7. lads ter Tas ttM Irwrate. Subject to applicable law or to a written waiver by Leader, Borrower shill py
<br />I ro Lender nn the day monthly installments of principal and interest arc payable under the Note, until the Note is paid in full,
<br />a sum (herein "Futrdi') equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard arsurarrce,
<br />plus otu-twelhh of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />rime to time by [.ender on the basis of aaxssrnents and bills sod reasonable estimates thereof.
<br />The Funds shill be held in an institution the deposits or accounts of which are insured or gwranleed by a Federal-or
<br />state agency (including Lender if [xnder is such an institution). Lender shall apply the Funds to payy said taxes, ttasefetnenb,
<br />insurance premiums and ground rents. Lender may trot charge for so holding and applying the Fwtb, analyzing said aeeoent
<br />or verifying and compiling said assessments and bills. unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in wriiing at the time of execution of this
<br />Deed of Trust that interest nn the Funds shall lx paid to Borrower, and unless such agreement is made or applit~bb law
<br />requires such interest in be paid, Lender shall not be required to pay Borrower any interest or earnin¢a on the Futrtb. Lender
<br />shall give to Borrower, without charge, an annual accormting of the Funds showing credits acrd deMts to the Futttls and the
<br />purpose for which each debit to the Funds was made. The Funds arc pledged ax additional security for the atmss 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, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's optto~t, either
<br />promp~tly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by (.ender shall not be sufficient to pay rues, assessments, insurance premiums and ground rents is they fall due,
<br />Burrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lettrkr to Borrower requesting payment thereof.
<br />Upon payment in full of alt sums secured by thrs Decd of Trust lxnder shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph I8 hereof the Prnpeny rs sold or the Property rs otherwise acquired by Lender, Lender
<br />shall apply, no later than tmmedutely poor to the sale of the Property or its acquisition by Lender, any Funds held 6y
<br />Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />D. A~Ilratbtr of hyr•eets. Unless applicable law provides otherw•rse, all payments received by Lender order the
<br />Note and paragraphs 1 and 2 hereof shall he appbed by Ltnder first m payment of amounts payable to Lemke by Borrower
<br />under paragraph ? hereuL then to interest payable un the Nute, then to the principal of the Note, and thM to interest and
<br />principal on any Future Advances.
<br />~. CMrges; Liens. Burrower shall pay all razes. assessments end other charges. fines and impositions attributable to
<br />the Property which may attain a priority over this Deed of "(rust. and IeasehOld payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof or, if not paid in such manner. by Burrower making payment, when due, directly
<br />to the payee thereof. Borrower shall promptly furnish to Lender all ounces of amounts due under this paragreph, and k the
<br />event Borrower shall make payment Justly, Borrower shall promptly furnish In Lender receipts evidencing such piymems.
<br />Borrower shall promptly discharge env lien which has pnonty over this Lked of "fntst: pruvrded, that Borrower shall not he
<br />regwred to discharge any such lien so lung as liormwrr sha0 agrer in writing to the payment of the obligation secured by
<br />such hen m a manner acceptable to Lender, or shall ~n gaud fanh contest such hen by, or defend enforcement of :uch lien in.
<br />legal PPru~reedings which operate to prevent the enforcement of the hen or forfeiture of the Properly or any part thereof.
<br />S. Hasfsi Irrrrae. Borrower shall keep the improvements now existing or het"eafter erected on the Propetry ituured
<br />against loss by fire, hazards included w"ithrn the mrm "extended coverage", and such other hazards as Lender may require
<br />and in such amounts and for such periods as Lender may reyuire; pruvrded, that !..ender shall nor require that the amount of
<br />such coverage exceed that amount of coverage reyurred to pry the awns secured by this Decd of Trust.
<br />The insurance carrier provrdirrg the inxrrancr shall he chosen by Borrower subject to approval by lxnder, pruvrded.
<br />that such approval shall not ere unreasonably withheld All premiums nn maurance policies shall be paid in the matroer
<br />provided under paragraph ?hereof ur, rt not paid .n such manner, by Borrower making payment, when due, directly to the
<br />imurance carrier.
<br />All insurance pohcits and renewals thereof shah be :n corm acceptable to 1 ender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to lxnder. Lrnder shad have [he right to ha1J the policies and renewals (hereof.
<br />and Borrower shall promptly furnish to broiler all renewal notices and all runptx of paid premiums. In the even of loss,
<br />Borrower shall give prompt rrarce to the insurance carrrr anJ Lrnder. !.coder may make proof of loss if not made promptly
<br />by Borrower.
<br />Unless Lender and Ikirruwrr othrrwse agrer m wnhng, msurancr pr«eeds shalt be applied to restoration or repair of
<br />the Property damaged, provided srtch restoraton or repair i, ecnnonucxlly feasible and the security of this Deed of Tnrst rs
<br />not thereby impaired. If such restowuun or repair ~. not ccunumically feasible w d the security of this Deed of Trust would
<br />tee impaired, the insurance prucerds shall be applrr.l to the sums secured by this Dr-ed of 'Trust, with the excess, if any, part
<br />to Borrower. If the Property rs abandoned by Bun ewer, or rf Burrower fads ur respond to lxnder within 30 days from the
<br />date noucr is marled by Leader to Borrower that the insurance can~+er utTen ro senle a dorm for insurance benefits. Lender
<br />rs authunzed w collect and apply the insurance prrxeeds at Lender's option caber to restoration ur repair of the Properly
<br />or to the sums secured by this Dud of Trust.
<br />Unless Lrnder acrd Borrower othrrwrse agree m wrung, any such apphcanon of proceeds to principal shall not extend
<br />or postpone the ilue date of the nmmhl} ~nstallmrnu referred to rn paragraphs I and 2 hereof or change [he amount of
<br />such installments. It under paragraph IH tiereot the Property r, acywrrti b}' Lender, all right, title and interest of Borrower
<br />m and to any insurance pulses and nand to the proceeds thereof resulung from damage to the Property prior In the sale
<br />or acqurstion shall pass to lxnder w [he rztrui of the sums secured M this [Xed of Trust immediately prior to such sale or
<br />acquisition.
<br />~. Recenatloo earl MWteaaxe of Properly; LeasrYolds; l'otrdomieiums; Pharsed Ueit Uevelopeteets. Burrower
<br />shall keep the Pa,txn} n gcxxi repair anJ shall n.v commr; waatr ~>r Ix rmn unpainnrm ur detenorauon of the Properly
<br />and shall mmpiy with the provuruns of any lease rf rhrs herd nt Trost is on a leasehold. If this IXcd of Trust is on a and m a
<br />cundomimum or a planned amt development. Burrower shall pcUurm ell of Borrower's o6ligauom under the dedaraunn
<br />or covenants crraung ur governing the condommrum or planned unr, development, the by-laws and regulaouns of the
<br />.:undominium or planned amt development. and ~onshtuent ducumcnn If a condominium or planned and des elopmeni
<br />rider is executed by Burrower and recordeJ !ogrther wnh this IXed +,! I rust. the covenants and agreements of such rider
<br />shall 6c meorpuratui into and shall amend and suppleme~a rhr ..u+eneon anJ agrecmrnts of this Decd u( T7mt as rf the rider
<br />were a pan hereof
<br />7, holecllen of Leader's Security. It Borrower Fa:;x to perform ihr .u,rnants :mil agreements rontamed m this
<br />Deal of Trust, ur d any actmn or proceeding is commenced whrcA materraliy affects Ixnder's interest m the Property.
<br />rtuludiog, but not Irmded tu, eminent domain, insolvency. code enforcement, err arrangements or proccedmgs invoM•mg e
<br />bankrupt ar decedent, then Lrnder at Lender's option" upon notice nr Borruwrr, may make stech appearances. dishm se ,uch
<br />sums and take such aaian as is necessary tr protect Lendtr~s mtei eat, including, but our limited tu, dishunemrnt al
<br />reasonable attorney"s fees and entry upon Ihr Ptuprr_h to mei.c ra•p.u rs If I.endrt reymred nrarngagr insurau~r as a
<br />curtditiun a[ making the loan secured by this 17eed of (rust. &u rtrw er .hall pa} the prenu won reyuirrd to mei nt;un such
<br />tnsurarrce in effect until such time as •hr reyuircnrent fur such nnuru;ce ,rnninates in a.cordance wnh ftornrwrr's .: uJ
<br />lxtukr's wriuen agreement or applicable law Burrower shall pa} the amount ,*t :ell nrortgagr ~muran.:r l,icmmnx .n the
<br />manner pruvrded under paragraph 2 hereof.
<br />L Anyy' amuwts disbursed by Lender pursuant 4+ rhrs paragraph ? w~lh uuerral thrtcan ,hall Ix,nme adch n,.nal
<br />+ndebteclnm of Borrower securMl by this Deed of Trust l'nless Borrower and I ender agree to ,+thrt cei ms of pay merit, ,u, tr
<br />amrxmts shag he payable upon ounce from Lrnder to &xmwer reyurst,ng pay mint thereof. and shall tear rmrrent tn,n,. +hr
<br />mate of dishursemeot at the rate payable (corn limn u, r¢nr on nutstm+Jing pnnapal uadrr the 'rote unless payment ,•f interest
<br />at such rate would br contrary n, applicable law .r, whoa?; event •u.h amawsnh ,ha!i brat intr rest .+t the highest rate
<br />petmiasibk under app(icahk law Nu; hing .untarncJ ~n rh:s paragraph ' she?! rcyu~rr CenJrr la incur and czprnse ,+r !Alec
<br />rn} orlon twrrunakr.
<br />~ 41/lfflWa, Lrnder may make ,n ~aau r<= hr rnadr rraxa~ehle cot err, :~~•n ,:nJ mspes ~,oas of the Property, pan i.kn
<br />that Latakr shah gfvr lion r.*wer notur prior to any •.uch ;nsprct~or" eprciCymg sca,.mahle ,sour tterref:,~ ~~eiaird in 1 ender ,
<br />meerta: iu tarp N'tutrerty
<br />a tlri a • „r,
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