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g4 ~. 002072
<br />UNIFOaM CaveNSNTS. Borrower and Lender covenant and agree as follows:
<br />.1. Psymeat of Prhrripal asd Inkiest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the NWe. prepayment and lak charges as pmvtded m the Note. and the principal of and interest
<br />an an))~ Fmure Advances secured by Chu Deed of Tnist-
<br />2. trlois for Tessa n~ Irporaaee. Subject to applicable law or to a written waiver by Letrtkr, Borrower shall pay
<br />to Lender nn the day montbly installments of pnnnpal and interest are payable under the Nole. until the Note is paid in full,
<br />a sum (herein "Funds'1 equal to one-twelfth of the yearly taus aid assessmems which may attain priority over this
<br />Deed of Trust, and ground rents on the Property, d any. plus one-twelfth of yeary premmm installments for hazard insurance.
<br />plus one-twelfth of yearly premium installments for mortgage insurance. if any, all as reasonably estimated imually 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 m an mstit orlon the deposits ar acmunts of which are insured or guarani«d by a Federal or
<br />crate agency (including Lender if Lender is such an institunonl. Lender shaft apply the Funds to pa said taxes. assessments.
<br />insurance premiums and ground rents. Ixnder may oat charge for so holding and applying the Funds, analyzing said account
<br />or verifying and rnmpiling said assessments and bills, sinless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender tzi make such a charge. Borrower and Lender may agree m wasting a[ the time of execution o[ this
<br />Decd of Trust that interest nn the Funds shall he paid ro Borrower, and unless such agreement is made or applicable law
<br />requires such interest to (x paid. Lender shall not tic requred to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower. washout charge, an annual accounnng of the Funds showing credits and debits to the Funds and the
<br />purpose (or which site debit to the Funds was made The Funds arc pledged as additional security for the sums scored
<br />by this Deed of Trust.
<br />-f the amaunt of the Funds held by (.ender, together with the future monthly installments of Funds payable prwr to
<br />the dire dates of taxes, assessments, insurance premiums and ground rents, shall exceed [he amount required to pay said taxes.
<br />assessments, insurance premmms and ground rents as they tall due. such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Barmwer on monthly installments of Funds. If the amount of the Funds
<br />held by Lertder shall not he sufficient ra pay taxes. assessments. insurance premiums and ground rents as they tall due,
<br />Barrower shall pay to Leader any amount necessary to make up the deficiency within 30 days frtrm the date notice is mailed
<br />by Lender w Borrower regttestmg payment therco[.
<br />Upon payment in full of all sums second by ibis Decd of -trust. I ender shall promptly refund to Borrower any Funds
<br />held by Ixnder. If under paragraFh IN henat ;he Property is sold or she Property is niherwia acquired by Lender, Letrtkr
<br />shall apply. na later than immedutely poor a, the. salt of the Property or its acquisuian by Lender, any Funds held by
<br />tender at the unit of application as a credit against the sums secured by this [ked of Trust.
<br />3. Applkalba d Pay~ewa. Cnlesc applicable law pmvidcx otherwise. all payments recdved by Lender under the
<br />Nos and paragraphs I and 2 hereof shall t+e appbed h) Linder first m payment of amounts payable to Letultr by Borrower
<br />under paragraph 2 hera,f. then to interest pavaMe on the Natl. then to the pimopal of the Note. and Then to interest and
<br />pnnupal on any Future Advances
<br />a. CAargea: Lkd. Barrower shah pap all raze, .ncessments and other charges. fines and impositions auributable to
<br />the Property which may auam a prrontr met this Deed of Trust, and leasehold payments or ground tentl, if any, in the
<br />manner provided under paragraph 2 hrrcof or, if not paid m such manner. by Barmwer making payment, when due, directly
<br />to the pay« thermf Barrower shalt promptly hirmsh u, f ender alt nonce, of amounts dui under this paragraph, and is the
<br />event Borrower shall make payment duectly. Borrowrr shall promptly lurmsh to Linder receipts evidencing such paymetts.
<br />Horrower shall promptly discharge any hen which has priority aver this Ik-ed of LnrsC provided, that Barrower shall oat rte
<br />requurd to discharge any wch lien H, long as &unxser shill agree in wriung to rtes payment of the obligation secured by
<br />,uch hen m a manner acceptahie m 1 ender, or shall ui goes( faith contest such Iwo by, ar defend enforcernen[ of such lien in.
<br />legal ppnx'eedmgs which operate tip prcvrnt the entnrcement of the hen or h,rfeintrc of the Property or any part thereof.
<br />S. t/mri laiarraos~e. Barrower shalt k«p the improvemems now esisung or hereafter erected on the Property insured
<br />against loss by fire. hanrds included within dir term 'extemicd coverage". and such other hazards as Leader may require
<br />and ir, such amounu acrd for such periods as Lender may requaa provided, that f.entkr shall not regwrc [hat the amount of
<br />such coverage exceed that amaunt of coverage required io par the sums secured by this Deed of Trust.
<br />-i'he insurancr comer providing the insurance sha71 br chasm by Barrower subject ro approval by Lender; pmvtded,
<br />chat such approvaE shall cwt be unreasonably withheld 4!! premtutrts on tnsurntrte policies shall be paid in the rttaoaar
<br />pinvi~d under paragraph 2 hctrbf ar, tf not paid m such manner. by Borrower making payment, when due, ditrectly to the
<br />insurance tamer.
<br />All utswancc poiures and renewals thereof shalt hr in form accrfu.able to Ixnder and shall include a standard rtltxtjaga
<br />douse m favor at and in farm a<ceptahic to (railer cinder shall have the right to bald the policies and renewals thereof,
<br />rid Borrower shall promptly furnish n> lender al! renewal natures amt all rccnpb of pail premiums. In the event of loo,
<br />Borrower shill give prompt ogler to the insurattCC carrier and Limier. !.ender may make proof of loss if nal [Wade pranplly
<br />by NOROwer.
<br />Unless Ixnder and 8orrawer otherwise agree in wriung. insurance procerda shall 6e applied to ratorition or reppaaitr of
<br />the Property damaged. provided such restoratwn or rrcpair is ezonamicaily feasible and the security of this Died of Trual is
<br />not thereby impaired. I! such reswrauon ar repair i, not ecannmtcaily fraxible ar d the ucuriry of Ibis Dead of Trust wextW
<br />hr impaired, the insurancr praeeeds shall he applied to the sums secured by this Dad of Trout, wash the excess, if any, paid
<br />ut Barrow°er If the Property :s abandancd by Borrower, i+r rf Btumwer fads ro respond to Lender within )Q Sys from rtes
<br />dale mvuce is mailed by Lender w Borrower that the utxurancc carnet offers to settle a claim for insurance btttelih, Leader
<br />rc authontxd to Cailect and apply the insurance proceeds at Lender's aptwn odder to restoration or repair of the PropMy
<br />or w the sums secured by this Deed of -Lmst
<br />Unku Lentkr and Borrower otherwise agree in wriung, env such application of proCeads to principal shall not eatpld
<br />or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or chatt~e the ameltnl al
<br />•uch mstallntents. If umkr paragraph 1 k hertt+t the Property ro acywred by Lender, all right, title and intadt Of Bttr-tlaier
<br />ut atW to any mxuratue pnhciex and in and to rbc prtx~eeds thereof rauhing from damage to the Property plat la the sale
<br />ur acquuiuon shall pass to (stater to the rxtent of the sums secured by this fkad of Trtnt imtrtediakly prior to stleh oak M
<br />acyutstt:on.
<br />i. Prearvatio card Malalerrore of Property; LeaaersNs: l'oadsarfoitutst Phoad UtaY DowkNs~la. Borrower
<br />~hatl keep the Pmpcm m gacwl rcpan acid shall nut Commas waste or permit impairment or drlerioration of the P-aperty
<br />.rod shall comply with the proviswos of any kale if this [ked of Trust ix an a leasehold. If Mix Dtant of Trust is wr a tmN in a
<br />~aetdomimum a: a planned unit development. Barrower shall perform all at Borrower's ahligatiorts under the declaration
<br />or covenants creaung ar governing the amdommmm or planned unit development, the by-laws and regulations of the
<br />antiatrrmiturt ar plaarted unit development. and consntuem documems. If a condominium or planned unit tkvektptrteot
<br />rider is exauteil by Barrower and rcCOrde:l iagciher wuh this ((serf of 1 rust, the Covenants and agreements of such rider
<br />,hail r+c incurpotued mw aria soon amend and suppirmcnt the covenants and agraments of this Deed nl 77ttsl as if the rider
<br />were a part herwt
<br />7. Proketlw of Leader's $ertst7tr. It Brurowrr fads m perform the covenants and agreeatents contained in this
<br />Dtxt1 0l Trust. or if sot action or proceeding is commenced which materially affects Letukr's interest in the Properly,
<br />iruludmg, but trot binned w, eminent domain, insolvent), code entarcernent, ar arrangements or proeeedittgs iatrolving a
<br />bankrupt or decedent, then Lender at I..ender~s npuon, upon noure to Barrower, may make such appearances, disbtlrx sucA
<br />surm and tats such attwn as is necessary to protez:t I.rnder~s ~ntertst, including, but not limited to, disbursement of
<br />reasotubic anorney's tees and entry upon tht Propcrtp in make repairs If Lender required mortgage itrxarallCe ax a
<br />soodrtxm of making the loan stinted by this C?rut ai Trust. Borrowrr shall pay the premiums required to maintain such
<br />inmratrce m effect unui such time ax the rtywrmsent far stub msurante terminates in accordance with Borrower`s artd
<br />I ,crstkt'a wnttatt agr«mmt ar •pptrcabk law Bnrrrrwer shelf pay the u»aunt of all mortgage insurance premiums in the
<br />mature psvtrNtad under paragraph : hereat
<br />Any amweb disbursed by I.rnder pursuant to this paragraph 7, with ~nterest thereon, shall became additional
<br />irrdeMedttos of tlatrarer seeured by this IJeed rat trot l'nkss Borrower and Lertder agree to otMr terms of payment, such
<br />atstotsrna slug he poyabte apart nott« tram t ertsler to Barmwer regttesttng payrttent thermt, slid shag hear intaitpt from the
<br />date of diahan'aesoant at the rate pxyatrb frwn lime to time an owsundmg pnnapat umkr the Note unless IMymarrt of imetesl
<br />at wish rata weak) t+r contrary to apphcabk law, in which tutor sus'h arrwunts shall ixaar interest at the higheu rate
<br />permissible under apptic'aMc law Ndhina ~,+maincd .n this paragraph 7 steal! rcyuire tender w incur any expmae or take
<br />any action Ilsrotradas.
<br />L ~ I.rrNkr may make ur ;sure io tie made rcasiinat+le nntues erpan and tnspauami nj.;tha lKrytprtyi"pmvidad
<br />+nat i.+'rrilat stroll give Burrower rwticr Imar to any such inspecuan spe+rtfpng rcax,nabk caws thettl~ir'rtilatad-ht 1 etWer's
<br />«nraraat in ttsa Prtgtsrtr
<br />r)a _~' 00;~07Z
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