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<br />83-fJ04011 <br /> <br />UN'PORM COYP.NANTIl:. Borrower and Lender covenant and agree as follows: <br /> <br />1. Pay_ of PrindploI ....~. Borrower ,hall promptly pay when due the principal of and intere" on the <br />Indebtednes. evidenced by the Note, prepayment and I.ate charges as provided in the Note, and the principal of and inlerest <br />on any Future Advances secured by thit Deed of Tn"l <br />:Z, ...... for T_ ... 1_, Subject to applicable l~~' or to a written waiver by Lender, Borrower .haIl pay <br />to Lender on the day monthly installments of principal and inleresl are payable under the Note, until the Nole is paid in full, <br />a lum (herein "Funds") equal to one-twelfth of Ihe yearly taxes and as,"".sment. which may altain priority over Ihis <br />Deed o(Trust, and ground renB on the Property, if any. plus Cine-twelfth ,,( yearly premium installments for hazard insurance. <br />plusone-lWelfth ofy""rIy premium installments (or mortgage insurance. if any. all .. reasonably eSlimaled initially and from <br />time 10 time by Lender on the basis o( __ts and bflls and reasonable estimat", lhereof. <br />The Funds sball he held in an inslitution the deposits or accounts of which are insured or guaranteed by a Federal or <br />state .gen<:y (including lender jf Lender is such an institution), lender shall apply the Funds 10 pay said laxes. assessments, <br />IRSUtatl(:e premiums and. ground rentt. Lender may n<>t charge fono holding and applying the Funds, analyzing said account <br />or verifying and compilifll said _menls and bills. unless Leoder pays Borrower ioterest on the Funds and applicable law <br />permit. Lender to make such a charge, Borrower and lender may agree in writing al lhe time of execution of this <br />Deed of Trust that interest on the Funds shall be paid 10 Borrower. and unless such agre<>ment is made or applicable law <br />re4llires ""''' inl.""" 10 be paid, lender shall ""I be required 10 pay Borrow.r any m,.res.t or earnin$" on the Funds, lender <br />d.U give to Bo-r-rower. without charge. an,annual-aceountins of the Fund.. sho~.utg credH$- and debtl'i to the Funds and the <br />PUf1lOle (or wllich each debit to the Funds was made, The Fund< are pledged.. additional security for Ihe sums secured <br />by ,his Doed or TI'USI. <br />If the amount of the Funds held by Lender. togelher with the !uture momhly installments of Funds pay.ble pnor to <br />the due-dates of taxes.. a~t~. HtJ:uranee premium,,;; and ground rent'i. shaH exceed the amount required to pay said taxes. <br />.aaeumeritt. insurance premium1 ~lnd ground rents ;,\~ th~" bit due. ~uch e:.;ces.\ shaH he. at Borrower's option. either <br />promptly repaid 10 Borrower or "redued 10 Borrower on monthly installment< of Fund<, If the amount "f Ihe Funds <br />held by letttter shag not be n.tJfficfCnl to PAY ta~ei., al~l\smcnts. u\surant."e premiums and gn)und rents as they fall duc, <br />Borrower ..n pay to Le~f any amount M'Cl$sary to male liJ-l the deficiency within 30 days (rom the dale notice is mal led <br />by t-"llder 10 Borrower requestiaa paymenl thereof <br />Upon payment in full of.n wms :s.ecured hy thiS Deed ot Tnl'St. f_l:.mder $haU promp-dy rc-fund to Borrower any Funds <br />held by Lender. If under pat.V1I-ph 18 he:rt"{''it '_he Property 1\ "l~fd {Ir 1 he Propeny 1:.\ otherv.'I\e acq\lired by Lender, Lender <br />~an apply., no. tater than immediately pnor t-o the \aJe of the Prnper-ty ('lr It; ~cqm'lll()n hy Lender. any Funds held hy <br />L~ It the Hme- ot application as a credit agaimt the \um~ \ecured hy thIS Deed of Trust. <br />3~ A~. of "Pa,........ Unless. ap-ph('abk b'\lt rmvl\ji!"~ \'lrlwrv.j~. <in paymcn1'S feccwed by loender under th~ <br />Note land parAffaptu I and 2 h<<:oreof shaH he ;tpp.hed by lender nr\t Hi payment of amounu payahk (0 Lemler hy Borrower <br />und.e.r paravapb 2. betctlf, then to ~tC:f<<t payable 00 the Note. then (t. the pl'lf\-l:lpal ~)f the NotC". and rhen to inlefcs.t and <br />princip.al on ~..y Future Advat>C"". <br />4. C~; u,..... Borrw4'Cr thaH pay ~t1 tnt'''. ..<&CMom('nf, ;HUJ ~,;her ('h.rgc~. nOCi. ami ifnptl\lfions altributahte to <br />tiw Property wtrich may :Utain a pnorny oyer tt'wJ. Deed ,)( Trust, .1th.i lea.umo-Id fUl}"met\tl OT ground rent!.. If any. in 1M <br />maaaer pfO\-"1ded under pat..ph 2. herro" ";or. if twt paid ill 'H-dl manner, hy BOfwwer mak.ing payment. when due. du'eetl)' <br />hl the- payee t~f Botrow:e:r 5.1\:&11 pto:n'\pdy h~rm,h W tender ~,!I null":f"\. of amount" uue under tht'i r"aragraph. and in the <br />~vent Botn:nrrer &ball f':Ilalc ~)'mcn! i.brecH)', Borrower "halt prompHy turm\h to I cndc:r recerp~1 eVldeOClnjl1: 'RIch p-.lyments. <br />Borrower ~ promptl" dlscharge.any hen ""hM;h h.a'\ poont} {"IH~'r thl\ Dc-ed of Trust; pf(l\"dt:J,_th~u Borfl\Wer ..hail not ~ <br />requd'ed t(1 du.charp AnY ,ud~ lten \0 h'm. .u IkJrrowe-r ..halt all~ ,n v. rltm~ If\ {he payment ,'1 lhe l\Oilg.Hll'tl S(",;urc-d b~' <br />MJCb hen m A manner a(:-eeptabIe It) Lender. ..}t- thlilH In Il'K")d t~\th {,.'o-nlCM ~lu.:h hen ~Y. N' licft'I'td tnt'\~R\.~mcflt of sm:h hen III <br />leaall~n~ wht('h optrat~ to pn:-n:nt Ih< ellJo-n..--erncnt 01 the hf:n l'f fnrtc-lIure tlf the Propert)' or any pan thcretlt <br />~ ~'" 8orrowe'f wall It<<-p the Impft.l\-t'menl"i noVo' t:'t\tlOt Of nereahr:r C:lCCle-d on {he Propert", Josured <br />ilIJa,M( lo.u bt fi~~ hat.ard:!. I-nciudnl "-liMn the term '"{'\ltmded uWt'nSC"" and '-m:-h nthet h.u-ard" a.. I cndcr may n'QtlJFC <br />and in \uch amounta .Ad f-Of -.uch P'U'Odl as. ! tn~r may reqUiTe: prt'vf,-kd. that LctldC'f ~hilH nN reqUIre that ,he amount .of <br />lutn (:OW:f"ap tltCffd: that amotml o-t "OVtfnl~ f('QH!ted to ''4'\ the UJmY!: "c~.-uted "-., thl~ Deed o.f "I'm,! <br />'T'he- i_lBUflln("(' ta-trin- prov,din& the in"Ula:n4.l:' ,",h~U ~ t.:t'uhl:'n hy H()rnl"'l:r SUbj(Xf (0 a.ppro' ,II h.,. I ellder, pi nVldcJ.. <br />that sud:t ~i ~ not be' uttfNM\J\ahly W1-thbekJ, AU prt"ruUH'I't~ 011 If\Wta.n~t:- pdlf'::J~ !r..h~1l he paid tI\ th~ manner <br />~ uadcf par..... :. hereof l,:n, jf fWt p.td lJ1 \u<;o manner. t>\ 8nrn1Wi!:c m1lklfiJt, paynlC"f1t, when due. dlrcctlv to the' <br />J:~ -carriet. <br />AU imutattl..~ polU;iet- ;and mx-v.--.l\ thcrnTf loh.U he HI lorm .;J;",~-cptilblt;. Io LttH~r am,t '\h;a.U ll'w,;luut., a \laIlUard mortgage <br />ctl.w5e m fa"fl)t olllOO in (nun a-~(;'(-pl.hk ft'l L("mkr J cn-tkr 'll"UtU h.t\,~ the- fight to h-()ld the poh,u,":\ Oind renew.-" there-of. <br />~ Bor~ sn.lt ptt-mlpdy tUftHUf h} l-t'uder .;in il;:'t":'W..~ tli,1(K;:C'l j;j:nJ ~H tf~elpi1. l,.lf fMfU premwm'\, In the e\'cnt 01 io!\.,. <br />BortoW'U ihaU ,n-c prompt IWJh-J;l: it'1- the- Ht.\;UfOUll,:V ~"rt:t:f ..ill,J t Nlt:.kr 1 ,tnJet t'tl4) ma,kt' pf'ont f,1 h~,\.! not made promptly <br />by 80.- <br />t.m~ i...e"r.OO Borrowef i,lthcfwt..: It,foce m ....O{wg. ,H"Ufan...e pt\"'-<~ih. ~h;,.U tlt' tlpphed tn lc-"wr-ahon 'lH (cpau ,JI <br />the Property d.an\~" ptu,'kked ~h ~1'r;lll4.ln \}1 tep_.u( 1"- l;\',lHKlUb....l1ly !c:;\lI.bk .sn\i th~ ~-nlfflY y.l thl\ Dee,-) of hUM f', <br />not: tM.f.oy lifipaUNc If \udt tel-tonith.>>l (jot (qHiH ,.... npf \'''--I.Jnl,~;(HK4U)- h~.ulht(' l,~t ;j !he: 'loC\,.'unty ,,! (hi" [)tea of rW\i' ",ould <br />be- ~rN.. tM tOM.U'-o\OCC pIl)C'<<'-4. shaJi be ilWl~u to lht' sum'\ li-C1..Hft'd hl Ihi~ Deed of I"n1\!. With the e'....~s,~. If any. rau..l <br />hI 8orrov.'Cf, It tbe .PfOp!UY ji .b.odone:l1 by 8uth,V4"'i', (II" Ii B{ww'~'(r ;,,,h, h) rC'1;>;p'JrH.i It) 1. cn4t:t wntuil JO dOt)" t i'1.)tn the <br />dale 00Iit.... il. maikd by t~r to Bono~Cf thai the Ht\Wl-f_\.(: -.:.-uu"r ,j;tku III ~uk a ..:__Jamt h.lr 1t1\HH'tK~ benetit\.. l.em.ter <br />ts. .\ltbon.tcd h) ((~n<<c and .~_y tM lm.utalk'C pn:".:cN-~ i:tI l ender-s o-puon eIther hi fe'\,lorahon or rl1p.Uf ()i' rht' P'ropcn) <br />Of to the _vms _"URd by tlu. IJeed of rnm, <br />U.u.. L~ .00 &orrtYWef Qt~* ~'f" m "'OUit.. an.,. ~-u,,:h 4pplK4t'n.lO t)1 f-'H~<C<b to pnn~I~1 shall not c.\lernJ <br />l")f ~tf1'(JfM! the due: date of tbe 1lk.>>1lhi)' ImiaUmenh u,"Ie-nh1 H' m l),trOigfapm I aHJ :. herwf or ~hange the amount of <br />uach in't.tJlment1L If under pa.r.....Jlb tg hereof the f'tt..lpt::ft)- 1\ .tct4UtfcU hy Lender, ..l1 fight, fide UfuJ HltefC1'..t of 8!:lrnnlirCl <br />\n and tu .al'l)' l~LU'AftCC pobclC\ and It\ ;JeW to the- Pf,.-...:.'ced~ rt'K!f("ll rouHma- from dam..{Je to the Property pnor 10 the !.J:h: <br />Of ~wtH>n .shaH pau Ii') to'Blikr h) the (','lent t.t the iunu ~Lmro tw thH; lJced of rnut "ntlledUllcly pnof In ,uch sale nr <br />.equilitioa <br />'-"-..... ... t" ,~. _ of .....,: I........... e..........homo; """"'" VlriI De-v~ 11m ",...el <br />...~t k<<p the- Property tn 1000xI h.':P.lf .u'lli malt .~)j '" l~f'nnHt n a!t.tc '-..s pcrnHt U't-lP-W rHen( llr dC[(,f'hIL,J.HlIll. of the ProperlY <br />.Iid -$ball t;Wl'tply WtIb the: ptO\'~ ot :Any jc~ If' th-l:S J)eed {)f fru:u a, t)f\ ,} ~e-a~bt,'"'l-Id It thi, Deed of Trust IS on a unit in .1. <br />coodotnintUm Of.. pla-Bntd unit devdo-pmc:.ut Boou-..=er shaH pcdorm dB of 8ort(.wC';'$ obhpli(Hl~ !.Jil\h:r 1 he- dcdaratum <br />1."'- CO~. c1Uhna df IOVCrn.in, the- ;C~~fu:urn ~)f pia'tneU oml dC:~C:fo-pmc:nt, the hy-Iaws ~nd n:-guiahon'\ (., the <br />~~ or pbaacd Unsl development. and 1.:.00000htucm d-I.:~U-t:ncmh~ If a condommwtt1 or planned unH dc\'cluplllt1llt <br />ndcr " c~ted by _Borrower aad fe(Otdcd h)-lC'thcu W tlh lh:f~ ~ iJf t rU$t. the C.O'i:t'nanL*t and .lgrc~mt:flb of !lu\:'h nde, <br />-shan he fftOOC-pc:mltai tnto.nd $hail amend and $upp.iemaH the .;...nC-fW.nh .JwJ air~nt:i ()( tht$ lJe:ed of Tnl-~ ;t\ it the nt.kr <br />we", ~ put I>Jqot" <br />,. ......... of ~ Set__,., If Botn)~a fad.", to perform lhe ":O'l,'cn,*-nli, and :tglecmenb .:.:untaincd in thi, <br />~ of TflII$'.. Of if :auy actNm \.'Jf ~ h. COIUmtm.<<! which fr..a.len..U-y ~tlOCB unUer'\ illte-rC3:t to lhe- Propert)-, <br />t~ but oot limited: kl~ eminent domain, in'KWven\:). ':'-Jde eo!,,)O.:ement. or a.r-ranaerttcntr. or pf~<<dmp HlVOI\'Ut3 ~ <br />~ or ~t. them. l.endet i\l Ltndft-'s opcitm~ upon OOfict 1-0 &ffnw~r. ~at make' u~h "ppeal~nCe\. I.h\hUfS< \uch <br />_. .nd ...CO. ~ KtKm. .., i1.f, ~t)' to ptt'IUCt. Lcrnkr's mtcfOt. H,~tudlO&. hut not itmited (0. dls.bof~n\eI'H \){ <br />~ "Ilonte)". f_ "lid entry upon the PropoollY '0 lll..kc repair' If I,e..""r requtred ",ortll.gc '"'Ulao,e ii' ;, <br />~ of mat..~ tlte I<>;o.n _used ~y this 1.'-" of 1'.....1. Borrowe. ,hall pay the premium. r<'<luif<d Ii' "'allltam "leh <br />i~ iG elfct uatil tudt tUnc H lhc requirement [1.)r ~~h laiUran(c h:-rmmata U\ l"o-rtbl1-\.'C' With H,)frVWer'li itllU <br />I........ ...).Wtt.'.Uea.... qt.. ...~..._.. or ... .QbIc. fa. w. Bolt_. .c, .hall pay tlw: "'ft'''''' o! all moltPi<' i..,u.....,,, 1''''''''''''''.'"' the <br />~ ~ Wldet. . .~ 1\eQof, <br />~" . ___. ... ;I'. bj- Lcndtf pu:nuanl tn lha JMrq..rapb 7, With mlt:rm thorcon. ~h3H ht.-"::l..'HI1C ad.dlth~)n<li <br />l~ of 8<<_ ~ by lhis Deed ot TIm! Un""" aorr.:...ef and Ie.""', ~._ I" ,,!ber Ie,"" 01 pa,.'ne"'. "..h <br />~.OMll hepilJ~ lipo.l nIltlulfrom Lender /<. 8<><row.r r-,i". POY"'."1 the",of. .nd ,hall be.r 1111.'"", tm", ,he <br />....4 ~_ at 1M ,_ plY'" frClll'ltim< 1<> time on "ut".ndln, P""'''I'''' ..mrel llw: N",e un",,' pay"",nt .,r int."",. <br />lit ..... '*.'. ~ be lXtIJtral)' "-' applk.we law. in wllwh .""". t ,,,,,h aftJOunls ,hall ...,..r '''Ier.'' al th" hlllhC>! rat. <br />~ W1!II<< ~.l...., ~ <(lQtaimld .n II.... POro~ 7 shan ":'Iu.,.. Lwder I" mcur any e'pellk "I tah <br />..., ....~, <br />... ~.~, _1..1t'lab Of 0_ to be '1,* re_.na.bk .nl."'" "P<'" am! .""""lton, 01 lhe l'ropett~" 1'""...1,:<1 <br />drat I.~itl$ll,nlil ~_ia prior l<> any ,,,,II l"'l"'d"'tl "f'O'>,lying te.""".bk.,._ lher",,,, rdated '0 t.."det', <br />_m"~, <br />