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<br />gq!! 001961.
<br />UtvrFOasr Ctwet+sxts. Borrower and Lender rnvenant and agree as follows:
<br />.1. hyrrreef o/ hlrreipal and letertsr. Borrower shall promptly pay when due the principal of and interest nn the
<br />indebtedness evidenced by the Note, prepayment and late charges as pmvided in the Note, and the principal of and interest
<br />on anyy Future Advances secured by this Deed of Trust.
<br />1. i'Fuuds ter Tatter and Insurance. Subject to applicable law or to a written waiver 6y Lender, Borrower shall pay
<br />to Lender nn the day monthly installments of principal and interest are payable under [he Note, until the Note is paid in full,
<br />- a sum (herein "Fund.+'1 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 insurance.
<br />plus orre-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits ur accounts of which are insured or guaranteed by a Federal or
<br />state agency fitrduding Lender if Lender is such an institmionl. lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents Lender may not charge for so holding and applying the Funds, analyzing said account
<br />- or verifying and compiling said assessmrnts and bills, unless Lender pays Borrower interest nn the Funds and applicable taw
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Deed of Trust that 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 not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual acrnummg 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 secured
<br />by this Deed o[ 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 rues, assessments, insurance premiums and ground rents, shall excced the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents xs they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited m Borrower on monthly installments of Fonda. If the amount of [he Funds
<br />held by Ixnder shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to Lender any amount necessary m make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower rtgtresting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust. Ixnder shall promptly refund to Borrower any Fonds
<br />held by Lender. If under paragraph t q hereor` the Pmpeny rs snld nr the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than immediately poor to the sale of the Property or its acquisition 6y Lender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. Ap~licaHau o/ Tayurents. Unless applicable law provides otherwise, all payments received 6v Lender under the
<br />Note and paragraphs I and Z hereor shall be applied by 1 ender first in payment of amormts payable to !.ender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Nute. then ro the principal of the Note, and then to interest and
<br />princepal on anv Future Advances.
<br />i. ChatRe~s; tiers. Borrower shall pay all taxes. asscssmentc and other charges, fiats and impositions attributable to
<br />the Property which may attain a prority over this Deed of Trust and leasehold payments or ground rents, if any, in the
<br />mangier provided under paragraph 2 hereof ur, if not paid in such manner. by Borrower making payment, when date, dircetly
<br />to the payee thermf. Borrower shall promptly turmish to Lender all notices of amounts due under this paragraph, and in the
<br />event Borrower shall make payment Directly, Burrower shall promptly furnish to bender receipts evidencing srtch payments.
<br />Borrower shall promptly discharge any lien which has priority over th+s Deed of Trust; provided that Borrower shall nit be
<br />requueD to discharge any such lien so tong as Borrower shall agree i^ wriling at the payment of the obligation secured by
<br />such hen m a manner acceptable to Lender, or shall m good (amh contest such lien by, or defend enforcement of such lien in.
<br />legal PProcadings which operate to prevent the enforcement of the hen or forfdturc of the Property or aoy part thereof.
<br />5. Hassid lasarauee. &irrower shall keep the improvements now existing or hereafter erected nn the Property insured
<br />against loss by fire, hazards include) within the term "extended coverage". anD such other hazards as Lender may require
<br />anJ m such amounts and for such periods as Lender may reyuire; provided. that LenJcr shall not regwre that the amount of
<br />such coverage exceeJ that amoum of coverage regwrcd to pay the sums secured by this Dted of Trust.
<br />The insurance currier providing the insurance shall be chosen by Borrower subject to approval by Lender; provide),
<br />that such approval shall not rte unretrsonably withheld All premiums on insurance policies shall be paid in the manna
<br />provided render putrtrap6 2 hereof or, if not paid in such manner, by Borrower roakfna payment, when due, directly to the
<br />insurance carrier.
<br />k AIt insurance policies and renewals thereat sha13 he m form acceptable to t_enJer and shall include a standard mortgage
<br />clause in (aunt of and in form acceptable to Lender Lender shall have the right to ho1J the policies and renewals thereof,
<br />nird Horruwtr shall promptly furnish to Lender all renewal ounces anJ all receipts of pail premiums. In the event o[ loss,
<br />Bonower shall give prompt nonce to the insurance carrier anJ Lender. Lender may make proof of loss if not made promptly
<br />bv_ Borrower.
<br />Unless Lender and Borrower otherwise agrcv~ in wnung, msurancc proceeds shall be applied to restoration or repair of
<br />the Propeny damaged, provided such terror non or repair +, ecunonucally feasible and the security of this Deal of Trust is
<br />nut thereby impaired- If such restoration or repair is not eeunumically feasible or rf the seuuily of chit Deed of Tnrst would
<br />be impaireJ, the rataraoce pra:eeds shall be appheJ to the sums secured by this Deed of Trust, with the excess, if any, paid
<br />w Borrower. If the Property is abandoned by Borrower, .,r if Ronower fails to respond to Lender within 30 days from the
<br />date nonce is matte) by Lander m Borrower that the insurance earner offers to settle a claim for insurance benefits, !.ender
<br />is authorized ro rnlla;t and apply the insurance proceeds at Lender's option euher to restoration or repair of the Property
<br />or to the sums secured by this DeeJ of TNSI.
<br />Unless Lerrder and Borrower otherwise agree m wrung, any such application of proceeds to principal shall not extend
<br />or pastpome the due date of the monthly installments reterred to in paragraphs I and 2 hereof or change the amount of
<br />such installments. If under paragraph I g hereof the Propert} is acyuired by Lender, all right, title and ineerest of Borrower
<br />in sent to any insurance policies and m anJ to the proceeds thereof rctultmg from damage to the Property prior to the sale
<br />or acquisition shall pass to Lender m the extent of the suns secured by this Deed of Trust immediately prior to such sale or
<br />acgwsmoo.
<br />6 hesenatba atsd Malaleaaace of Property; Leaseholds; Coadominiurus; Phoned Uu4 Ihrelapeuls. Borrower
<br />+hall keep tart Property m guuJ repair :u:d ,hall nut .ommn waste or ;x note impairment nr Deteriorauun of the Property
<br />and shall comply with the provisions of an} lease if this Dced of Trust is un a leasehold. If this Deed of Trust is on a unit in a
<br />condominium or a planned unit development, Burrower shall perform all of Borrower's obligations under the declaration
<br />or covenants creating ur governing the asndammium nr planneD unu development, the by-laws and regulations of the
<br />condaminium or L+IanntJ unit devtlupmeni, anJ ~onsntuem documents. It a condominium or planned unit development
<br />rider is executed by Borrower and recordeJ rogether wuh this Dee) tit 'I rust, the covenants and agreements of such rider
<br />shall be incorporated into and shall amend and supplemem the uwenants and agreements of this Dyed u( Trust as if the rifer
<br />were a pan hereof.
<br />7. hoseclioa of L.tader'a Security. It Borrower (ads to perform [ht covenants anJ agreements cuntaineJ in this
<br />Deed of Trust, or if any action or pructeding is commence) which nratenally affects I,endtr's interest in the Property,
<br />nrdudeng, (wt not hm+tal to, eminent domain, insulvenc}..:udc enlurce meat, or arrangemenU nr prucceJings involving a
<br />hsnkrupt ur decealtnt, then Lander at Lender s option, upon notice to Borrower, may make such appearances, dishurse sir fi
<br />sums and take strch action as is necessar} to protect Lender's interest, including, but not !inured to, disbursement nl
<br />reasonable attorney's fees aril entry upon the Property to make repairs If Lender reyuircJ mortgage nuurunce as a
<br />cor~ipon mf making the loan secure) by~ this Deed of Trwt, Borrower shall pay the premiums rcyulred t+, muintam xuch
<br />ituuranet in effect until sue6 time as the requirement for such insurance tennmates m accordance wuh Rurruwer's and
<br />l.etrxlet's written agreetntnt or applicable taw Borrower shag pay the arnesunt of al( ncwtgage insurance prcmiurns in the
<br />manner provide) trader pa rapft 'hereof.
<br />Any amcwots dlabnrsed by Lender pursuxot to ch+s paragraph ?, with interest thereon, chap he~r~me add+u.~nal
<br />indebtedness of Bonowtr secured by' this IktJ of "fivsi. itntcss Borrower and 1 ender agree u. other terms vl pay meal, such
<br />amounts shall be payable upon motim from I ender to Burrr,wtr requesting pay mint ;hereof, anJ shall hear ir, ttrest Iron nc~
<br />date a[ stisbutsemeot at the raft payable from time to time nn ouutandinq pnncipaJ under the Nx,te unless paymem of interest
<br />ad arch rate would be cotstrary to applicable Jaw, in wh+cit event a+ch amount. chat! heal rntcre+r at the highest rate
<br />permipibk under apphcahlt Lqw Nuthmg con!<rrocd m *h~s paragraph 7 shall reyu~rc 1 ender w incur soy expense r,r take
<br />any action her+tundet.
<br />R. ~; Lender may make H ~»uat to i.c msdc reasonably crones u;x±e+and snstnc irons of U+e Yropeit}, t~re~en•,:
<br />:hat t.«etdet t1u11 gtvc tli>tn',wm notice prior Ea aoy such ?nspccuav++ sF>QiSfymg :eas.~nahte ,:au,e thrret.,~ ~c•;ated r„ I rndrrs
<br />tntCrpt ie the rrueenv.
<br />C'aY intuits ~~ U j e.r l) 3
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