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<br />83- u045&2
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />.1. hyIIIeJIt of Pri....plII """ In......... Borrower shall promptly pay when due the principal of and inlerest on the
<br />indebtedness evidenced by Ihe Note. prepayment and lale charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this De-ed of Trust.
<br />%. FmHIt for T_ """ l-..ce. Subject to applicable law or 10 a written waiver by Lender, Borrower shall pay
<br />to Lender on the do:! monthly installments of principal and interest are payable under the Note, until the Note is paid in ftill;
<br />a sum (herein "Fu~') equal to. one.tweJfth of the yearly tax.es and assessments which may attain priority over this
<br />Deed of Trust. and ground rents on lhe Properly, if any, plus one-twelfth of yearly premium installmenls for hazard insurance.
<br />plus ono.twelfth of yearly premium installments for mortgage insurance. if any. all as reasonably estimaled initially and from
<br />lime 10 time by Lender on the basis of ......ments and bills and reasonable estimates thereof,
<br />The Funds shall be held in an institution the d~its or accounts of which are insured or guaranteed by a Federal-or
<br />state agency (including Lender if Lender is such an instilution). Lender shan apply the Funds 10 pay said taxes, assessmerots,
<br />in$ura~ premiums and groun~ rents. Lender may not c:harge for so holding and applying rhe Funds, analyzing said'account
<br />or verifying and compiling said assessments and bills.. unless Lender pays Borrower_ interest on the 'Funds and appiicanjeJaw
<br />permits Lender to make such a charge. Borrower and- Lender may agree in writing at the time of execution - of this
<br />Deed of Trust that interest on the Funds shall be paid to Borrower. and unless such agreement is made or applicable Jaw
<br />requires such interest to be paid. lender shaH not be required to pay B(\rrower any interest or eamings--on the Funds. Lender
<br />shall give to Borrower. without charge. an -annual accounu-ng of the Funds showing credits -and dehits to the- Funds ,and the
<br />PUrpole for which each debit to the Funds wa< ntJlde. The Funds are pledged as additional security for thesoms secured
<br />by this Deed of Trust.
<br />If lhe amounl of the Fund! held by Lender. together with the future monthly installments of Funds payable prior to
<br />Ihe due dales of taxes., assessments. insurance premiums and ground tcnts. shall exceed the amount required to pay said taxes.
<br />aucssmenu. insurance premiums and ground rents as lhey f311 due. '!oUch exce~ shall he:. at Borrower's. option, either
<br />promptly repaid to Borrower or crediled to Borm\.'o-eT (\fl monthly installments of Funds. If the amount of the Funds
<br />held by Lender shaH nor he ~uffic-ient 10 pay ta'll:es_ assessments_ insurance- premiums and ground rent~ as they faU due,
<br />Borrower shalt pay f-O Lender any amount necesSOlry to male up rhe deficiency within ~lO days from the date notice is mailed
<br />by Lender to Borrower ,""uesting p.yment thereof.
<br />Upon payment in full of all sums ~ufed by this Ot..-ed of Trust. Lender !\haU promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph! 8 hereof the Propeny l'i ,old {-'f the Property 1$ ot~f'o\'lse acquired by Lender. Lender
<br />5haU apply~ no later th.an immedutcly Pr:'Qf' t~ {he <;ale o-i the Property. (l( Hs ~\cquisltlOn hy Lender. any Funds held by
<br />Lender at the time of application as a credn agaU1$t the ,urns secured hy thl~ Deed of T.rust.
<br />J.. AppIIcado-ft of Payawnts. Unlc$..'!O .lppltcahle law proVide.. tnh-ef\I{fSC, all payments received by lender under the
<br />Note ldnd pilf~-phs 1 and 2 hereof shaH be appJicd hv Lender fi~t ;n paymem of amounts payable to Lender hy Borrower
<br />under paragraph 2. hereof. then: to intenst payable -on ;:he Note, ihCl1 to the prinCipal of the NOfC. and then to interest and
<br />principal ,m any Future Advances.,
<br />4. Charaes: l..WM.. Borrower \hall pay ;-dl ["nc:s. .1'i5.Cssmcnl<.; ;uuj lIther i;'hargc~, fim.~ ;tnd ImpOSitions attributahlc to
<br />rhe Property which may attain II pnomy over thiS Deed ~lf Tru~l< and kasehold paymenls or ground rems. if any. in the
<br />manner pro-~'ided under- paragraph 2 hcre{'lf PL ;1 nor paid in '\ouch manner. hy Borrower making payment. when due. directly
<br />to the payte thereof. Borrower :shall promptl~' futlH:\h t,l I end~r all lloth.:CS llf am(lunts Jue under this paragrnph. and in the
<br />evC'nt Borrower ,hall make payment directly. Borrower sh3lJ pn.:wnptly fnrnJ~h 10 Lender receIpts cYldenclOg s.uch payments.
<br />Borrower \baU promptly di$Chul!C an\' hen 'Aim:h hu pflorll~ i~vC'r thl... Deed of Trust; pf()vldeJ. tha( Uorrower shaH not be
<br />reqUIred 10 dhcharge any such Hen ~) iong J:l; BOfrower "haH iJgrec m wrllin~ to the payment of the ohhgallon secured by
<br />s-uch hen in .. mAnner 3(,.'t:-t':ptabl'l!: l\1 L.::nder. or '!ih'ilU m good {;lIth COfllt'::,it <;uch hen bY. ,}r defend enforcement of such h~n Ill.
<br />legal proceedinp winch t.tpefate to pre<>r-eni !he t'ntllrccment nf [he !len Of forteiwrc of'. the Property or any part thereof.
<br />5.. IIaani I~. HorrmH'r ~ba.tl k.~ep fhl,': lmj)f\-.wemcnts now t'"l\IStlng or hereafter erected on Ihe Property Insured
<br /><llilltnt loss by fire. hiU3.ni~ induded v.ithin the term "t'.,-u::nried ~\H,''CI.lg:C'', ilnd "I,h:h other hazards .lS Lender may re-quin:
<br />and Hl sI.lCh amounts .nd- tor ~Ui:h pcnOOs i;.~ LemJcr m:oty rCQum:. P({Wilted. !hat Lcnlkr ..hall not require that the amount of
<br />...uch c-over-age e,,-~:t lhat amount of t:{)vera~e ieqUlred In p-ay thl;:' UJnl'i \C(.~ured by th!5 Deed nt Twst.
<br />The lns.uraocc: carner prt1\'ldioH. lhe im.:u_nm.;;c ,haU be ~'hn~[\ h\" BOrfuwer s\th!~'t In ltpprov.l1 by Lender: provl(lc-d,
<br />that s.uch aumnval shaH nm be unreMl"}nabh-' v..'lthhetd A.Ii nremium" on ui~urancc O\,hcl~ shaH be paid in the manner
<br />prov1dcd w:idc:r pa.nan{Jb 2 hereot' or. It nOi.p~ud In such m-l'ulner, hy 8nfTfJw-et rnak.m'g payment. when-due. directly to the
<br />;QSUfat'lCe carner.
<br />AU IMur1fK'C poi;ekt and n:ne-wah there'of ..haH he in tmm ,u.;C\"'ptabh: h). Lcmkr and ..hall m,,'ludc a standard mlmgagt.
<br />;,;,IaUSC' m favor of and in fl'lftn .lco;--cptab.~t to ix-nrlcf 13,:ntier "hall h.it\'c !rte flght !O hold the policIes and renewals Ihereof.
<br />~nd Borro'\\''Cr !!i.haH promptly furntsh w l.c-rnkr ","if r'et1f..~\l,af 1>OU,,:(',\ ~nd :.Ill ft'",'C'lpH< of flim_1 pJemwrns_ In the ~"("n( ,)f loss.
<br />Borrower shan ga'e prompt nottcc to the mO>-ilr.ollh,,'C :"'J:fHC'f JoIHI Lcn-Jc-l, I ~fHh:r ma\' male pf(1(tf of h_~'j, jf nol nli;lde promptly
<br />bv 8orfl)WV,
<br />, Unle&\ Lender And Barft"....t:'l .:itherw~~ a~re-e m .... niHlg, m"-UI110;:C prt.,'k.:ecds ..hall tlt:' apphed 10 rC\lOfatlon or repair nl
<br />tilt: Propeny -danla.aeU. pro1ildai 'llA.'h ~hH;rHOH 1'H t-ef";!If' 1\ c~i.mGmH:aily tca.s.thk and !he s<<:unt)' \,j' thl''i lketi oi Trust "
<br />not the<<b-y tmpAueO, If sLK'n res!ufatliln Of f('p:alt '" t1Hi eCOfhllml,.:a!l~- h."a..iblc .If 11 the ....t.....,:unty of thi... Oeed Of Trust ~(}uld
<br />he impiured. the m111rao<:c [lhX('OOS ..hail he .l4pphed h) ihe ,'liUlm. "'c~Uicti by Ihl'" DC'i."d ui Tntst. with the c:\CCS\. If any, paHI
<br />10 Borro..-.-et, If the Pl'Ofl'tlty I'S aOathjunt"\ hy BQHO\olo-er. t't d liotntwcr huh r~l fC'J;fKmd [0 L..mder with," JO days (rom {he
<br />date u()iu;C' .'" mailed bv Lt:ndcr 10 (k'UQ'lilfcr lhat the l(U,Un.lOi.'e .;otrncr otkrs f(\ s.:UJe ';1 daull for lOMIUHk:e benefil~" LcnJc:r
<br />Ii &UthOfluO to ~-ouc\'~i and appiy the itlWfaOt;~ Phx-<<d~ at Lender.... ~JrHWn ~ithcr to le~fl)raHOn or repair nf the Property
<br />or to the sum, scc-urcd hy thIS Dee-d of Tru:llt.
<br />Unlcu t~ndef and Borrower nthcrwt),e agree 1f1 wrtllng. <iny \tK:h apphca.tlon HI pu)Cced:s 10 prmt'lpal ~hall not extend
<br />Of pc.~stpo.l~ the due \huc of ~be nwmhly ,mtallmenh rderred h_" In paragraphs ! :iil1d :; hereof or .::h~nge the amount l..ll
<br />weh U15.taHfllCfl;S, If under parillraph 1 X here-VI the pf{lpen~ J', dl,.:qUHeO hy Lender. ,III nght. title a.nd Inlcrt..ost of Bon-ower
<br />m aDd h,'l any H1~UfaJk..--e pohcio a.nd 11\ .and :0 tbe proceed:!> therc\.1f rauitmg from dama~ to the ProperlY puor to the ~:llc
<br />or -acquisiuon shaH ~ to Lender tt.} the t;':'tent l..)1 lhe 'iunu. ~ufeJ b) IhlS J)eW 01 Trust immediately prior to ~uch 'tai~ or
<br />KQUisiuoo.
<br />... "'--.... "'...._. of PFOpe<1y; L"MOIM>kIs: Condomiaiu_ PlaA_ lJRlt De..I_ol1l. Bom,wer
<br />...haJJ keep tbe p',,)~y 1ft 8;vod repalf ;jnd ,>-hail Hot ..:....mlnHt \-\nte ~)r perm!! ;mp~lrmcnl uy ~~\'It;'nuruIH\O of lh< Property
<br />aPd sball-eomply lNt[b lhe: provWom of .lib}' lea'M: ~f thl$ Deed of Tru\! ,~ ..In Ll l-eaS(:bold. If thlS D~ of Tru~t I'> on a umt In a
<br />~I\JWU -i)-f j,\ planned unit development. Bo.rrov.--er s.haH petform ~U 01' Borrower"" obtigahoM under the dC(:laratlon
<br />or covenant!. CTCilt'nj or t:O'\'emmg lhe ...-()ooamlnium Of plamlf:\l unIt development. the: ny-laws and regulatHHl\ of the
<br />.:uodom.imum- Of planned lmH. deve:iopmenl. and ~ona.tltuelH document-.. If a condomrnium tl( planned umt dc\'dupment
<br />fi_ is cx<<uSed by BonQllfC'-f' and f~OJ'ded togc--thcr wHh thl~ Deed of rrust. the ;;ovenanb and agrc:ement$ of ::ouch nder
<br />!haU he IDCtlrporated fttto and shall llmeud and 1:i-up-piemem the cu...-enanh and agreements of this Deed l)f Trust .'IS If the rider
<br />"""" .. ""tt berecf.
<br />1., ~ of i...eader's Secvrily" If Borrower hils to pcrfonn {he -co...-emmt~ and agreements l,.:\mtalflcd in lhi,os
<br />t:lefd of Tn$,. or i,f any llchoo _or proceedins _!s .;ommeoced wh~-h materially affects l.ender's irHere,.t i.1I th~ Property.
<br />IllCbIdin"" but not hnu&&d tQ~ C:fUJ-Dent dom.\Uo. ~nsoivency. code enJofcement, ~lr arrangemenl:S \.)r p-nx:eedlO~ ifl'Yolvlllg a
<br />haakrupi. Of decede.nt. then Lender at Le-ndef'~ option. UIX'" notice fo Borrowcf, may fnJ;tke s.uch appearao(,;~. dis.buf'-'C ~U\:h
<br />wtns and Me such action U i.s ~ to protect Lender\. mtcrOt. lIlduding, hul not limited to, di-sbur~ment o(
<br />~ at<<'tf'My't teca and: entry upon tbe Property to maKe relYd;ic'lt If Lc:onder required mortgasc: insurarKe ;.t!i. :-1
<br />~bon (:!f ~DI the roan ~ by t,his I>eod of Ttuit. Borrower !;hat! pay the premiums required to mtt.lfltam ~u\,,'h
<br />~Q$Ut~ i~ tKet:l Ultti! $uch time as the tequtrcment (Of such inSUri:f,fH,:e fennlf,HHC'll m a.cc-ol'dan,-'C with BQHl.....wer... ;inti
<br />t.eadllr', ..~ _~t Of applicable law. BorrOWC-f shan pa,' the amount l}j <ill mortgaae msuranf.-'t' prw:mmn1\ In the
<br />__ prov1dod """",. ""........pb 2 hereof,
<br />Aoy &IDGIIItI$ disbuned by Louder punuant to tm1 pafagr:aph. '7, with intcr-cst there-on. s.haH F~(mlt: llddilh_HHl.i
<br />lodeMed-. of lkw~,t 'liCCutclCl ~ rbit Deed o-f T~t. UnlC'Sis Borrower and Lender fllTee to other tenf\$ ot p.3.)11,"?f1I. ,Ul,,':h
<br />_>ball be ""1lltw> upot, nolial from JAnde< to 8<>rwwer req_lmg paY""'tlt thereof, and ,h.lI bear lIltere'U tmID Ii,.
<br />... of ~ at tbe- ~ payolbhl from. ,time to [ime on outst:lU1dtnJ prin-ctpal under the No.te un<<ms paynwnt of in-It:re$t
<br />.at ~ ~ ~ be: ~-Oqtrilq fo -W;~ law, ill whit.:h evtnt ~och ~""'lfltS fo-haH bear mter<<:'lt ut the- hJJhcst tate
<br />~).wl.r &ppGeable 1.., No-dun, ,"Qotained. in t.ht.-' ~fillf.ph ? ll-hail requtre l-t'ndet to tUcur any e-Ape-tiMl: (,r take
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<br />"',,~ ~ tnA)' ~e: ,Of -(;'lUK- U) ~ m. t~:uooahle en-tnes l.ipcm unu In'\.pectiQtlS.t'lf fnc Propt"_rty. pn.n:iJ~d
<br />lhl ~... ptl' lk.u'ow. rwU..-;-e pnUl to ~y ~ mipcctu:m ),I:wafym<< r-ea,rona~ ~aUK fhe-reh~r rc-hdcd In L('OOCf',)
<br />,_ ....l'rOiMny,
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