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<br />84 --i 002224
<br />IINIFOaM Coverasnrs. Borrower and Lender covenant and agree as follows:
<br />"l. Pgraeal sA hlasipY W Istlerssa. Borrower shall promptly pay when due the principal of and interest on the
<br />ittdebledness evidenced by the Nare, prepayment and late clurges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Heed of Trust.
<br />i 1P~ds hr Taatr aai ianrataee. Subjat to applicable law or to a written waiver by Lender, Borrower shad pay
<br />to Lender on the day monthly itstallments of principal and interest are payable under the No[e. until the Nate is paid in full,
<br />a sum (heron "Funds") equal to one-twelfth of the yearly razes and assessments which may attain priority over this
<br />Deed of Trust, and ground rrnu on the Property, d any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelHh of yearly premium installments for mortgage insurance. if soy, all as reasonably estimated initially and from
<br />time [o time by f-ender an the basis of assessments and bills and reasonable estimates thetmf.
<br />The Funds shall be held in an imtitution the deposits or accounts of which are insured ar guaranteed by a Fedtril ar
<br />sate agency firtNudmg [..ender if Lrnder is such an irutitunonl. Lender shall apply the Funds to pay said taxes, assessments.
<br />mwrance premiums and ground rents. I_ertdsr may not charge for sn holding and applying the Funds, analyzing said account
<br />or verifying and compiling said atxssrrtents 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 writing at the time of execution o[ this
<br />Dad of Tent that interest on the Funds shall f+e paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to 6e paid. Lender shall trot tee rcgwred [o pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to 8ortower, wittwut charge, an annual accounting of the Funds showing credits and di:Mts to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the attrrs secured
<br />by thu Deed of True.
<br />it the atnotmt of the Funds held by Lender together wnh the future monthly inuaiiments of Funds payable prior [o
<br />the due dates of teats. asse+sneenn, uxiun:sce p: emiuers and grotmd rents, shall exceed the amount reyuued to pay said taxes.
<br />assessments, insurance premmms amt ground rents as they tali due. such excess shall bs, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower nn monthly installments of Funds. If the amount of ,the Funds
<br />held by Lender shag oar be sufficient to pay taxes. assessments. insurance premiurm and ground octets as they faB diet,
<br />Borrower shall pay w Lender any artwuni iieceasary to make up the deficirncy within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />lJpon payment in full of ill sums secured by this Deed of Truer, Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph IN hereof the Property is veld or the Property is otherwise acgdrcd by Lender, Lender
<br />shall apply, no later than immedutety poor to the sale of the Property oc its acquisition by Lender, any Funds held by
<br />Lender at the time of application as a credit agilmt the sums ucured by this Dad of Trust.
<br />J. Ap*Y[atlaa of paysae~ra, Unless applicable Isw provides otherwrse, all payments received by Leader undo the
<br />Note std paragn 1 and ?hereof shall br applied h} Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph hereof, then to imerest payable on the Noce, then «i rtes principal of the Note, and then to inte[eat std
<br />pnnetpil an any Future Advances.
<br />i. CYas~w; hfs~s, Borrower vhail pay all razes. assessments and other charges. fines and imposiliona auribulabk to
<br />the Property which may arum a pnanty over this Deed of Trust. and leasehold payments or gtDUnd rents, if shy, in tlIC
<br />maener provided under paragraph 2 hermf ar, ii nor paid in such manner, by Borrower making payment, when due, directly
<br />to the payee thereof. Borrower shill promptly furnish to Lender all nn«ces of arhounts duo order this paragraph, ahd in the
<br />event Borrower shill make paymem directly, Borrower shall promptly furnish to Irnder raxip4 tvidertcmg such payments.
<br />Borrower shill promptly discharge any lien which has pnonty over ehn Detd of Trust; provided, [hat Borrower shall rear Ire
<br />reyuued to discharge any such Ixn a, long av Borrower shall agree in writing to the payment of the obligation secured by
<br />,uch hen m a manner aecetstabk to 1_ender, ar vhall m good faith contest such ben by, ar defend enforcement of ouch lirn in.
<br />legal pproceedings which operate to prevent the enforcement of the Tien ar forfeiture of the Progeny or any part thereof.
<br />5. Hazard Isiaara~e:. Borrower shall keep the improvements now exnhng or hereafter ereised on the properly instered
<br />against lass by fire. hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />aid in such amounts and for such penads as Lender may require; provided. that Lrnder shag oar regtsirc [hat the alnWar of
<br />such coverage exceed that amoum of coverage required to pay the sums secured by this Decd of Trust.
<br />The imutance carrier providing the inwrance shall Me chosen by Borrower su6lect to approval by Lender, provided.
<br />ihat stseh approval atoll trot be unreasonably wiMheld. All premiums on insurance politic shall be paid in rho mama[
<br />provided under para~rapb 2 hereof or, if oar paid in such manner, by Boroower making payment, when dose, directly to the
<br />iOwlranCC Cairlar.
<br />A!I insurance pdtciea aid renewals thercot shill I+e in farm acceptable to Lender and shall irrcltrde a standard mwtgsge
<br />clause f.^, favor of ud in form acceptable to (.ender. Lender shall have the nght to bald the policies and renewah thortof,
<br />ahd Borrower shag promptly furnish w Lerds all renewal notices and all receipts of ppaaid premiums. In the event of loo,
<br />Borevwer diaB give prompt tiatice to the imurancc correct and Lender. Lender may make prroof of loss if not made promptly
<br />by Borrower.
<br />Uekss Lender and Borrower otherwise ogre in wnteng, insurance prxads shill 6e applied to restoration a r of
<br />the Property damaged. provded such restoraion or repair is ecoruxntcally feasible and the saunry of this Deed of Trust is
<br />not thereby impaired. It such testonuon or repair is rtar econamicatly feasible or if the security of this Deed of Trust would
<br />be imputed, the insurance proceeds shill be applied to the sums secwtd by this Dad of Truth, with the excess, if anY. gild
<br />to Borrower. It the Property u abandoned by 8orcower, , r it Borrower fails to rcpotd to Linder wthin 30 days from the
<br />date nonce s mailed 6y Leader to Borrower that the itnitnnee earner offers to settle a claim far ihsttraace bendhs. Lettdu
<br />is authormed to catlr:ct ahd apply the insurance proceeds at Lender's option ether to rcstontion or repair of 1110 Property
<br />w to the scum secured 6y ehn Deed of Trust.
<br />Unless Lehder and Burrower otherwise ogre m wnteng, any such applicauon of proceeds to principal shall not extend
<br />or postpone the due date of the monthly imtatlments referred en m paragraphs 1 and 2 Iteloof or charge the atrtoum of
<br />such insnllrnents. If under paragraph f N barrel the property is acyuuad by Laadu, all right. tick and inkrest of Borrower
<br />in and to any mwrance pobcic and in and to the proceeds thereof rculhnj from damage to the Property prior to the sale
<br />nr acgttisiuon shall pass to lender to the extent of the stittn secured by this Deed of Trm[ immediately prior to aucA sale or
<br />aogtrsitioh.
<br />d. Prwssrdan and Milestanee sit Prsgrrty: LearMMis: CeaiNmiairr•r, Ramad UstY pvalaptssnls, Borrower
<br />,hail keep the Property en good repair and shat{ not commis waste or permit impairment or deterioration of the Property
<br />and shall carhpiy with the provsiom of any lease i[ ehn Deed of Trust es on a leasehold. If this Deed of Trust is an a writ in s
<br />condomrium or a planned lino development. Borrower shall pedorm all al Borrower's abligatiom under the declaration
<br />or rnvertana creating or governing the condominium ar planned unit development, the by-laws and rcgulatiom of the
<br />r
<br />coedoesmwm or ptaanird unit dewrtcifitts~., seed r~.msir_.. • n•••-••••••••••" tr "`-d~:ii:ium or p::s. :.-~i'. unit d'eva7alMUint
<br />cider is executed by Borrower aid recorded together wnh (fin Deed of T-rust the covenants and agreemanu of such rider
<br />shill be itiwrponted iota and shill amerd and supplement [he covenants and agraments of this Deed of Trust as if the rider
<br />was a pan hereof.
<br />7. PsNatYan a~f lwiers SensltY. If Bortnwer farts to perform the covenants and agreements contained in this
<br />t)[ed of Trent. ar d any attion or proceeding is commenced rhidi materially atltcis Leader's interest in the Property,
<br />=ncltsdrng, tarn rtes Itmttad m, eminent demon- insolvency, code en(orceruent, or arrangements or pruixedings involving a
<br />tnhltrupt or deaedeet, thin Lcids at Landers npinh, upon nonce to &urower, may make such appearances. distwrx such
<br />suns and irks such action u n necessary to praren l..ender's mtsct, :neluding, tent not limited to, disbursement of
<br />reaaeoabk attorney's tees ahd entry uptui the Property to make repairs If Lender reysured mnnpige irisuransr as s
<br />~xindrrtesi of making the loan sixurW ray this Deed of Trust. Borrower shah pay the premiums reyuued to rriaintaen such
<br />mwahee in sHarx until sttril time as the regttirerrterit far such imttnnce terminates in accordance with Borrower's and
<br />Lettider`t written agtcsnrsM or applicable law. Borrows shall pay the anwum of all mortgage inaunntx premiunn in the
<br />maehar provided weds pangrraph 2 hercoL
<br />Arty saaotrau disbtsaed by Letrder ptsrstram to this paragraph 7, with interest thereon, shall hecnine additional
<br />ir+dd+sadneat of Bitrrwor secured try this Deed al trust. t?oleo Bortowa and Lender agree to other terms of payment. such
<br />atesaarU shag Ise payahM ttpest tsarite from l.utder to Borrows rayuestxrg payment theresd. and shall bear mterct fnxn the
<br />data of dilstgsaswt el the nM payable /ram lime to hrnt txi otastanding prractpai under rtes Note unkax payment of interest
<br />at such rate wsttdd 6e eswtnry m applicable taw. m which event each amounts shall btu interest a+ the highest rats
<br />Psnsimilils arsdar applicable leave. Nothing exxtlaittnf m thrs paragraph ' :hall require tender to titcur any eapeme or take
<br />say active btaotsaita.
<br />R I~ii1MB. l.estder may tna-s ar ra;se to be made reasonable cntrtas upon and mvpertrens nl the PrY*Iserty. presided
<br />ttyt LswdaeMtaB give Yarnswa itartcE prior sit any such inspscuan specrtytng rrasrutahk cause ttmrct<x refaced n. 1 emfer's
<br />>MataR itr t#taPrauwty,
<br />Q/~ ~_ r`InAAA A
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