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<br />LNIF(IRM COVPNaNTS. BorrOWer and 1 ender covenant and agree as follows: ~ ~~ 002129
<br />.1. rayt~eN of tRiaeipl ud Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />mdebledness evidenced by the No[e, prepayment and late charges as provided m the Note, and the principal of and interest
<br />nn any Future Advances secured by this Lked of Trust.
<br />2. Font ter Truces aai trrwaaee. Subject to applicable law nr to a written waiver by Ixrtder, Bortower shill pay
<br />ro Lender on the day monthly installments of pnnctpal atuf interest are payable under the Note. until the Note is paid in full,
<br />a sum (herein "Funds"1 equal to one-twelfth of the yearly rases and aCcecsments which may attain priority aver this
<br />Deed of Trust, and ground rents nn the Property, d any, phtsnne-twelfth of yearly p, emium installments for hazard insurance.
<br />plus one-twelfth of yearly premium mstallmems for mortgage insurance, if any. all ns 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 matiturion the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency linciuding [xnder if Lender is arch an instituttonl. Lender shall apply the Funds to pay said taxes, assessments.
<br />insurance prtmrums and ground rents. Lender may not charge far m holding and applying [he Funds, analyzing said account
<br />or verifying and compiling said assessments and hills. unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Barrower and Lender may agree m writing at the time of execution of this
<br />Deed of Trust that interact on the Funds shall be paid to Borcower. and unless wch agreement is made or applicable law
<br />requires such interest to Ixe paid. Lender shall net txe reginrcd to pay Borow•er any interact ar earnings on the Funds. Lender
<br />shall give to Barrower, without charge, an annual accauming of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to flit Funds wa_s made- The Fandn arc pledged as additional security for the soma soured
<br />by this Deed of Trust.
<br />ii the amount of the Funds held by Lender, together wnh the future monthly instaUmcnis 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 />assessmentx. imura rice prcmmms and ground rents as they tall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower ar credited to Horrawrr nn monthly installments of Funds. If the amount of the Funds
<br />held y I~nder shall not tx suthctem to pay taxrc assessments. insurance premiums and ground rents as they fall due.
<br />Barrower shall pay to I~rtder any amount necescarv m make up the deficiency within 3U days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereaf-
<br />Upon payment in full mf ail sums secured by flits Deed of Trust I ender shall promptly refund to Bottnwer any Funds
<br />held h7 Lender. If under paragraph i8 hereof the Propene ~+ saki or flit Property is otherwise aequircd by Lendee Lender
<br />shall appl}•, no Eater than immediately poor to the ;ale at flit Ymperty or its ecquisttion by Lender, any Funds held by
<br />Isndu at the time of application as a credit against the sums secured by this Deed of Trus[.
<br />J. Aglicalfaa of Ryaersn. liniess applicable law pmv~des otherwise, all payments received by Lender under the
<br />Nate and paragraphs 1 and : hereof shall be app~ed by tender fist m payment of amounts payable to Letitkr by Bortower
<br />under paragraph 2 hereof, then to tntcrest payable an the Note. then to the principal of the Nae, and then to interest and
<br />princepal on any Future Advances.
<br />!. Ghaeaes: Lien Borrower shall pay alt rases, assessments sod other charges. fines and impositions attributable to
<br />the Property which may attain a priority over fits Deed of 'Crust, and leasc4okl paytttents or ground rents, if any, in the
<br />manner provtded under paragraph Z hereof or, t( not paid :n xuch manner, by Borrower making payment, when dtte, directly
<br />tin the payee thereof Bormwer shall promptly furnish n, 1 endtr all ponces of amounts dtte under this parognph, and in Iht
<br />event Barrower shall make payment dua~t?y. Harrower shat? promptly tarnish io Lender receipts evidencing such payments.
<br />Bormwer shall promptly discharge any hen which has priority aver this [wed of Trust; provtded, that Borrower shall not be
<br />rtywred to dischartte any Bach lien so long as Hormwer shall agree m writing to the payment of the o6ligatan secured by
<br />,uch ben m a manner acceptable m Lender, or shall m gcx,d iauh contest such Iren by, or defend enforcement of such Yien in.
<br />regal pprcxtxdmgs which operate a. pmvem the cntorcemem of the hen or forfeiture of the Property or any part thereof.
<br />S. Nasd /rrranre. Hormwer shalt ktxp the +mpmvements sow extsung w hereafter erected un the Property inwred
<br />against lass by fire. hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />and m such amounts and for such periods as Ixnder ntav t'egmre; provtded. that Lender shag not rtq[tire [bat the atttouot of
<br />Stich coverage exccsd that amount mi coverage requurd to pay the sums secured by thu Decd of Tntst.
<br />TTte insurance tamer providing the insurance shall be chcnen by Hottowtr subleet to approval by Lender: provided.
<br />that such approval shall trot !x unreasonably withheld- All premiums on insurance policies shall be paid in fhe mangier
<br />provided tender puaQap6 2 hereof or, tt next paid m such manner, by Borrower making payment, when due, directly to Iht
<br />fnanfintt lari7Cr.
<br />Ail rnstrranu pahau and renewals thereof shat? txe rn loan acceptable to Lender and shall tncltttk a standard monga~e
<br />ctaux in favor of and in iorm acc'rptabit to Lender. fender shall have. the right to hold the policies attd renewals thereof.
<br />acrd Borrowsr shall promptly tarnish to tender ail rcacwal nouces and all rccctpts of paid premiums. In the event of loo,
<br />Bormwer shell gtvr prompt notice to the insurance carer and Lrndcr. Lender may make proof of Iws i( no[ made promptly
<br />by BOrtnwer_
<br />Unless Lender and Bormwer atltcrw~tse agree rn wriung.:nsurance pnxeeds shall be applied to restoratan a repair of
<br />the Property damaged. provtded such rrxfturauon ar ttpair is rs:mnamtca!ly feasthie unit the security of this Dent of Trust is
<br />not thereby imporcd. It stash rtsronoan or repau w cos ec;onc[muaily fenst6ic or rf the security of this 17etd of Trust would
<br />ne impairexl, the insurattec prorcrds shall be applied to the sums secured by this Deed of Trust, with the excess, if any, paid
<br />to Hartower It the Property is abanilsined by Barrower. „r it Borrower fails to respond to Lender within JO days from the
<br />dart incase is marled by Lender to Borrower that flit inwrance caterer ofltrs to settle a claim far inauattce bettt[dts, Gender
<br />rs authonzeJ to collect and apply the insurance prexetds at Lender's opuon saber to resmration or rcpao of the Propegy
<br />or tin the stuns secursd by this Deed ut T'nut.
<br />Cinfess tender and Borrower atherw•tsr agree .n wnung, any such applicauon of ptnceah to principal shall tstH extetd
<br />or ptxitpurte the due date of flit manthly installments referred to in paragraphs I and 2 hereof or change the amortnt of
<br />.uch tnstatlrncnts. If under paragraph I R htmot the Property is acqutted by Lender, all right, tltk aMl interest of Borrower
<br />~n nnJ to ao} insuranct poltcses and :n and to the proceeds thereof resulting from damage to the Property prat to the sale
<br />ar acywsaton shall pass to l.endrr to the extent of the sums secured by this Deed of Trust immediately prior to sash sale or
<br />aegtusiuoo.
<br />~. hatisrvaYaa std Mainleaaate of Prgeny: LeaaeYoNa; Codawsiairtms; PlaMad UtW DavaiaNaMa. Borrower
<br />shall keep the Property n gwd regale sod vhail oat .ornmit waste .:r permit mpatrmrnl or Jeteriaralion at the Property
<br />atkl shall nNnplg with [he provrsiom of any kart if flits tktd of Trust is on a kasrhold. li' this Dad of Trtpl is on a unit in a
<br />vndommrum or a planrtal emu urveiopntein, Hurtawe; s.`,all perfcrm a!? of Borrower's nhligations under the declaration
<br />mr covenants crqung or governing the condommtum or planned amt deyelopmem, the by-laws and regulations of the
<br />rottdornioittm or planned unit tkvelopment, artd comtuttent documents It a condominium or planned unit devtloptttent
<br />rider is executai 6r Borrower and recorded together wuh this Deed of 1 nest, the cnvenaotx and agreertteats of such rider
<br />shall be ttscarporatal into and chili aatend and suppierrrem the .:cwcnants anal agreements mf this Deed of Trust as if the rider
<br />were a part hcreat-
<br />7. rrasedioa d Larder's Security. if Hormwer (ads to perform the covenants and agreements contorted in this
<br />Deed ai "Crtat, or i( say actwn or prottedmg is commcatcYd which materially affects I.etider's interest in the property,
<br />inchsding, but cent Gmiud ta, emttxta dornato, rtrsotveac}, code rnforcensent, or arrangements or prateedinga involving a
<br />tsankrulx at dccuietrt, then Leader at terstier's option, upon natter u> Borrower, may make stash appearances, disbunte such
<br />zums and take stss:h atxwn as is neszsun +m protect Lenders merest, mclttding, nut nut limited tit, disbursenrem of
<br />rtrasoaabk attorney"s tees anti entry upon the Proper[y' ro make rcpaus If Lender required trrongige inwranee as n
<br />caadition of malting flit ioau snatrrd by this Deal of Trust, Borrower shall pay the premiums rcquirsd to maintain such
<br />tnwnnce in eQta;t tmtil attch time as the requrrtt:rratnt inr such msuranee rtrmmates in ucconiancr with Borrower's and
<br />I.rndm'a wrrnsn apeeamnt or applicable law. Borrower shaft pay the amaunt ai art mongagt insurance premiums in the
<br />manna provided under puapaph 2 ktermf
<br />Ace tsntettttq dlehutsed by i,etNkr purwam to rhts taragraph 7, wuh interest thereon, shall become addinanal
<br />i of •aerawsr secured by this Dolt a>S Trust. I?nless Barrower and Lender agree to other terms of payment, such
<br />amtrtgts shah ba payable upon rsuttcc front I.Nrder ace Barrower regtreating payment thereof, and shall hear intcrmt Irexm the
<br />dace of dia6trestmant. at ilia raft payable from fins[ w time an outstanding principal sutler the Nate unless payment of interest
<br />at ststh rant wosdd be contrary to applicable law, m which evrm catch amounts [hall bear mtttrsr at the haghest rate
<br />pamirhk fowler applscattk taw Nahiug conhtrted m thn paragraph 7 shall requtrc lsndtr to areal any ealtena or take
<br />any arriaa hsrasasda,
<br />B. HsfatNlln. I.crwkr troy make or cause to be mock rrasooaWt entries upon and trope: nuns of flit IRaprrty. pr+.vtdrd
<br />that[ I,asidtlr tAaO gate Borrowea nonce prole to say rw:h utsptcuoa spectfytng tcasanatdr cause thcrctar retatral tin tender
<br />~ntetwr in tha l4ooatty..
<br />~~. oa~lzs
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