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<br />UNIFORM CovENat+'rs. Borrower and bender covenam and agree as follows: $4~-=-002215
<br />.1. M'aaeM of Rinelpl ant InkseM. Borrower shall promptly pay when diu=the princigl of and interest on the
<br />Indebtedness evidenced by the Note, prepayment and late charges as provided in the Note. and the princigl of and interest
<br />on any Future Advances secured by this Deed of Trust.
<br />1. !anti far Tuna and Iwurr. Subject ro applicatale law or to a written waiver by Lender, Borrower shall y
<br />to I-ender on the dry monthly instagmems of princigl and interest arc payable under the Note, until the Note is qid in full,
<br />a sum (herein "Funds") equal to aru-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust, and ground rants on the Property, i( any, plus ox-twelfth of yearly premium installments for heard insurance.
<br />plus one-twelhh of yearly premium installrt[mts for mortgage insurance, if any, all as rcaaonabty estimated initially and from '~
<br />lino M lilac by L.entkr on the bets of assessments and hills and rcastrnable estimate thereof.
<br />The Funds shaft be trcld in an imtitwion the deposits or accounts of which are iraurcd or guaranteed by a Federal or
<br />state agency (including Lender if (ender is such an iratitutionl. Lender shall apply the Funds to pay acid taxes, assessments.
<br />insurance premiums and ground reins. Lender may oat charge for so holding and applying the Furth, analyzing said account
<br />or verifying and caapiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable few
<br />ppecrmits Lender to make such a charge. Borrower and Lender may ogres in writing at the time of execution of this
<br />Iked of Trust that interest on the Funds shall be pod to Borrower, and unless such agrcement is made or applicable law
<br />require such interest to 6e paid. Lender shall not tae rcqulred to qy Borrower any interet or earoin¢s nn the Funds. Lender
<br />shall give to Norrowtr, witfrout charge, an annual accaunnng of [the Funds showeng credits and Jebrts to the Funds and the
<br />purpae for which each debit m the Funds was made. The Funds are pledged as additional security for ttre arms ae¢urad
<br />by thu Deed of Truce
<br />ft the amount of the Funds held by Lender, together with the future manthty installments of Funds payable prior tv
<br />[he due dales of taxes, assewnenrs, ~tuurancc premiums and ground rents, shall exceed the amount required to qy said texas,
<br />assessments, tnsurancc prcminms and ground rents as [hey fall J[u, such exs-eas shall be, at Borrower's opption, either
<br />prompNy repaid to Borrower yr credited to Narrower nn monthly installments of Funds. Tf [ht amount of'the Funds
<br />held by Ixnder shat) na he suftictent ro pay taxes aasexsmems, inwrana premiums and ground rents as they fall due.
<br />Borrower shaft pay Io Lender any amamt necessary to make tap the dtfMkncy within 30 days frart the date notice k mailed
<br />lay Fader to Borrower requesting paynuat thereof.
<br />Upon payment in full of all sums stcurcd by thts Deed n( Trust, t_endsr shall promptly refund to Borrower any Funds
<br />held by lxader- If under gragraph 18 herrnf the Propcny is sold ar the Property a otherwise acquired by Leakr, tender
<br />shall apply, no later than immedutdy poor to the sale of the Progeny or its acquisition by Lender, any Funds held by
<br />bender at the time of application as a credit against [he sums secured by this Deed of Trust.
<br />3. AppYtaYaa st/ htrmeats. Unksc applicable taw provides othetwrse, all gyments received by Lender under the
<br />Note and paragraphs 1 avid 2 hereof shalt Ise appl,ed by l.ertder first in paymem of amounts gyabk to Lender by Borrower
<br />urger gragraph 2 hereof, then to interest pays le nn the Nvte. than to the principal of the Nme, and Itlesi to interest and
<br />princtgl on any Future Advances.
<br />•. (.'Yaeaes; Idea Borrower ehaii pay alt taxes. ~ ssessmcnts and other charges. fines and Imposition attributable to
<br />the Roperty which may attain a priority aver thrs Dad of Trust, and leasehold payments or ground rents, i( soy, fR the
<br />manner provided uuder gragraph 2 hermt ur. if vat paid in such manner, by Borrower making gyment, when due, direstty
<br />to the payee thereof. Borrower shall promptly furnish to Lender all notices of amounts dtu under this paragraph, and in the
<br />eveat Borrower shall make payment directly, Borrower shall prompt}y furo,sh to Lender rettrpta evidertting such gytoerrn.
<br />Narrower shall promptly dtst:barge any lien which has proirity over [his Iked of True[; provided, that Borrower shag trot be
<br />requutd to discharge any such {ten so Icing as Narrower shall agree in writing tv the payment Of the oMigatian axured by
<br />such hen to a manner acceptable to 1 coder, ccr shalt m good faith contest such lisp hy, or defend enforcement of ouch lien in.
<br />legal proceedings which c,perate to prevent the r„Mrce!nent of the !ten or fnrfeitterc of ttu Property or any part thereof.
<br />S. Ilauri lasaraase, Borrow'cr vhall keep the improvements now exnung or hereafter erected on the Property insured
<br />agatnt loos by tire. hazards included within the term "extended coverage", and such other hazards as Letakr rosy require
<br />and rn such amounts attd for such periods as Lender may require: provided. that L.eeder shall na regnits that the amirttnt of
<br />loch coveragt exceed [hat amount at coveragt reyurred to pay the sums secured by this Dad of Tent,
<br />The insurance carrier pmv,ding ttie insurance shah rte chorea by Norrower subject to approval by Lender, provide!.
<br />that ouch approval shall nor tae urtreaaionabty withtiefd, AN premiums on insurance policies shah tae qid in the maaur
<br />ptmided tinder parapaph 2 het~t er, tf not q[d :n stuh manner, by Ilortuwer makinj payment, when dtre, d'rtectly to Ute
<br />iastrtaoce carrier.
<br />All insurance pobcia aaJ renewals thereof shall bt m Inrm acctpaMe to 1 ender amt shall itt[Itrde a etattdard trtortgtlge
<br />-louse in favor of and m torn acceptable to Lsrader. Lender shall hoot the right to holJ the policies and ratewals thereof,
<br />and Borrower shill promptly furnish m IxoJer all rcixwal notices artJ aft receipts of paid premiutro. In the event O( loss,
<br />Borrower shall give prompt nraRCx to the insurance carver and Lender. Lender may mats prate of Mrs if na made promptly
<br />by Borrower.
<br />Unless LetWet and Borrower otherwise ogre in wrnmg, insurance prnceeh shall bs applied to restoration w r of
<br />the Property damaged. provided such restaratmn ar repair rs esv?ta[Mttica(ty teasibk urtd the security of this Deed of Trwr is
<br />not thereby Imgried. It such restoration yr regir es na[ ecanamxalty feasible or If the severity a[ this Dtxd at Trust would
<br />be inlpairel, the imuram.e proceeds shall be a tree! to the soots savored by this Dad of Tngt with the excess. if any, qid
<br />to Borrower. If ttu Property is atrauskxud by Borrower, nr it Norn?wer fails to respond to Lemkr within 30 data from the
<br />date mxrce K msikJ by [.ender m Borrewar [hat the rnwrarace canter o8ers to settle r claim for im[uaatt benefits, I.smkt
<br />,s authorized to collect and apply the inwrance prol~eeds at Ixrrdsr-s option ertiur to restoration or repair of the Property
<br />or to the wins secured by thts Dad of True.
<br />Ualesa 1 toiler and Boroower ntherwue agree In wnuRg, any such application of proctedt to prineigl shall teat extfard
<br />or p~tpone the due Jale of the monthly irutallmems referred to m paragraphs I and 2 hereof or chatya the artteuat of
<br />such ir[stallmprrx. If under parrgraptl t & hereof the Property is acquired by [xndet, all right, title and inlernt of Barnrwer
<br />In arwt w any imurancs policies amt m and to the prcaceeds thenrof vaulting from danutge to the Property M~ to the wk
<br />yr ataltruitiori shall pass to I.eraler to the eatatt of the wins secured by this Des! of Trust imtttedialely prior to such sale or
<br />acytuaitroR.
<br />d. <tiwrvMlan ark NfaYnuas of I.eaashaltlS Caadavinlnust Flaaad UW DeveMBtaaNa. Borrower
<br />,hats keep the Presperty rn good repair snit shall r[at comma waste or ptrnu[ imginnanr ar dtleriorafian of fhe Propstt.y
<br />and stall comply with the provruora of any kale it this I7etd of Trust is an a leasehold. !f this Doed of TruN is on a unit is a
<br />cawlominrtrm or a planaert unu devcloproent, Borrower shall perform all of Bwrowar's uWigations under the declaration
<br />or covenants creating or governing the coisdomi!rium ar planned unit develapnuat, the by-!aw•s and reguiaiivtas of the
<br />corrdorRinium ar planned oven development, and cotntituent documents. If a condominium ar planned unit devtkipmem
<br />isles is exceuteJ by Borrower amt re:onleJ together wuh this Deed at 7rwt the covenam and agresnunts of such rider
<br />shah he inrxupnrateJ into aiad shall amenst and supplenuat [he covenants amt agrcemem a( this Dad of Trust as if the rider
<br />were a part hereof.
<br />T, 11o1se11an of t~adar's Sacarity. If Borrowe• fails to per[orm flu covaaanta aced agreeaunts contained in this
<br />Deaf of Trtaa, or if say action or pracceding is cwnmen.x4 which materially affects L.ender's interest in the Propariy,
<br />Iixltidit~, taut not limited to, errursaat domain, lruulvency, code eafurcvattartt ar arrmgemealc or proceedings involving a
<br />lsaokrtspl tx ifscaient then Leader at [.cadet's option, upon nWiee Io Borrower, may make such appearances, disburse such
<br />sttmt and take such action as is necessary w protest Lemkr's mterese including, bin oar Iimiteri ta, dishursenxnt .+{
<br />raaaeaasble atKafAay's foss anti entry upon the Propertyy' to make rtpain. If Leader rcyuiral vino inuraatst ss a
<br />caadiaion of making the loan asetiresf by tiller Desd of Trust, Borrower chaff pay the prrnriums tsyuued to maintain wc6
<br />ittarMance in eQea until such time ax the. requircrrtatat for such insurance tsrmin[a m accardattce with eorrarwer't and
<br />t;odor's srrilMr ayreeatmt ar a bk taw. Boirsawa shall qy the amount of alt mongage insurance premiurm in the
<br />mattMr peavided cadet pit 2 hereof.
<br />da~yy aatowrJa by Lertlkr quwant to the paragraph 7, wuh intarast tharesm, shah taecsame additn*nal
<br />indelMtaOnaaa of Bonaww taettnd try thu fked of Trust !folds Borrower amt Itnder agree to other tenets of payment such
<br />dalaftf~~itra warttgqu tftsr~W~rae from I.entkr m Bnrrawer rsytaestinR p[[Yman[ [hereof. oral chaff resat intarat from the
<br />pryabk frost 1Mu to tune ota oulstanJfng principal under the Nas unto gyntenr of imerssi
<br />N sileA taM would IIa contrary m appliutak law, in which even[ such amouma shall taear mutest a1 flu highest rue
<br />P'antriaailis tuRkr applicable few. Nmhirtg ccuiurintd In this paragraph ? chat! rtquve f.enJer as rotor any experae yr tats
<br />say aortas hafotader.
<br />~ Lender may make ar cauw to kK made ressnnabic entr,aa up[m end inspe.usma of Mopspy, prnvi kJ
<br />that !,color -- fn's Botrxrwtr nvtitt Pruu w say stroll utspactwn rpeirfyrrrg rcawnabk caws rhar+sfbr raiaifad~ to i cndtr's
<br />utanet r,t ire !{IaArty.
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