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<br />83.J)06082
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<br />U~IFOJt.M, COVENIoN:f4f-' ~rrowcr ,md tender :covenant and agree as follows:
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<br />J. Payment of Prindp;f':md Infcrc.st. Dorrowcr shall promplly prey when due lhc prim.:ip:\l of and interest on the
<br />indebtedness evidenced by the Note. prepayment and laic charg<.... as provided in the NOle, :)nd lhe principal of ;lod interest
<br />On nny hllurc Atlv:lIlccs secured by this Deed or Trust.
<br />2. Funds' for Taxcs and Insnnmcc. Subject to applicable Jawor 10 :1 written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly inslallments of principal and interest are pay.able under the Note, until the Note is pa,i~ in .full.
<br />a slim (herein "Funds") equal 10 onc-twelfth of tne yearly tax.cs and assessments which may attain priorilY over this
<br />Deed of Trust, andgrou-nd renis on the Property. if :lny. plus one~lwctfth of yearly premiunl ins(<lllments for hazard insurance.
<br />plus onc-twelflh of yearly premium installmenl5 for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments ;md bills and rcasol1;;tblc estimates thereof.
<br />The Funds shall be held in ;1n inSlilution Ihe Jcposits or <lccotlnts of which arc inslIfcd or gU3mlltecd by a Federal or
<br />suite agency (including lender if Lender is such an institution). Lender shan apply the Funds to pay said, taxes, assessments.
<br />insur;lnce premiums :\nd ground rems. Lender m,ay not charge for so holding and applying (he Funds, analyzing said.,aceo,unt
<br />or verifying .1Od compiling said assessmenls and bills, unless Lender p.1YS norrower interest on the Fu(uh .Illd applica'blc law
<br />permits Lender to make such .l charge. Borrower and Lender m:1Y agree in writing at the time of execution of th'is
<br />Deed of Trust that interest on Ihe Funds shall be paid to Born'lwcr, and unless stich agreement is rnade or applicable' law
<br />requires. Stich in!crcst [0 be paid, Lender sllilll f10t be required to pay Borrower <lny interest or earnings on the Funds.,' Lender
<br />~hall give 10 Borrower, without charge, an annual accounting of [he Funds showing credits and debits 10 the Funds, and I.he
<br />purpose' for which each debit to fhe Funds was made. The Funds :Ire pledged as additional secu'rity for the sums' secured
<br />by this Deed of Trust.
<br />If the amollnt of [he Funds held by Lender, together with the fulllre monthly installments of Funds pnyable prior to'
<br />Ihe due dates of [axes, assessments, insurance premiums and ground rents, shall exceed the ;Jmount required to pay said ta)tes.
<br />assessments, insurance premiums ~md ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid 10 Borrower or crediled to Horrower on monthly installmcnls of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxcs. :lssessments, insurance premiums and ground renls' as they (ol! dUe.
<br />Borrower shall pay (0 Lender an)' amounl necessary 10 make up the deficiency within 30 days from the date notice ,is mailed
<br />by Lender to Borrower requesting payment thereot
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund Lo Borrower any Funds
<br />held f)y Lender, If under paragraph 18 hereof [he Property is sold or the Property is orhcrwi~c acqtl;red 'by Lender, Lender
<br />shnll apply. no later than immediately pnor to the sale of the Properly or its acquisition by lender, any Funds held by
<br />Lender at Lhe time of applic~(ion as a credit against Ihe sums secured by this Deed of Trust.
<br />3. Application of Paymenls. Unless appliC;lblc law provides ofherwise, all payments received by lender under the
<br />Note and paragraphs I :lnd 2 hereof shall he applied by Lender fiNl in payment of amounts payable to Lender hy Borrower
<br />under paragraph 2 hereof, then to in teres! payable on the Note, then to the principal of [he Note. and then to inlerest and
<br />principal on any Future Advances.
<br />4. Charges; Liens. Borrower shall pay ~II tJ.:\CC;. asscssment~ :lnd other charges. fines ~lnd impositions i.ltlribut<lblc to
<br />the Property which may altain a priority over !hlS Deed of Trust, and leasehold payments or ground rents, if an)', in the
<br />manner provided under paragraph 2 hereof or. if not paid in :iuch manner. by Ik1rro\Vcr making payment, when due, directly
<br />to the p:lyee thereof. Borrower ~haH promptly furlHSh 10 Lender ,JIl notfces of Olmounts due under this paragraph, and in the
<br />event Borrower shall make payment directly, Borrower shall promptly furnish (0 Lender receipts evidencing Stich payments.
<br />Borrower shafJ promptly discharge ;lOY lien which has priOrilY over this Deed of Trust: prov~dcd, that Borrower shall not he
<br />required to discharge any such lien so long. as Uurrowcr \hall Jgrcc in writing lO the payment of the obligali(lll secured by
<br />such lien m a manner acceptable to Lender. or shall In g00J (:l1th contest slIch lIen by, ('Ir defend enforcemenl of such licn in.
<br />!t~gi\J proceeding,. which operate 1(1 prevent the cnforcement uf the lien or forfeiture of the Fropcny or any pan lhereof.
<br />5. Hazard Insurance. BorrO\\-cr :<.h:J1l keep the Improvements !lOW CXI$lillg or hereafter erected on lhe Property insured
<br />ag,ainst loss by fire. hazard, inciuJcd wichm the term "cxLcndeJ l..'o\'crngc", and ~t1ch olhcr haz:mJs as I,cnder may rcqlllrc
<br />.and in such amounts and for such perluds ~lS Lender ma) require:; prOVided. th;\t Lender shall not require that !he amounl of
<br />such cover:lge e.xceeu that amount of .;.'ovcr.lge !::qulr.:d 10 P:JY the slim.:; ~ccllred by this Deed of Trust.
<br />The insurance C:lrflcr providing the in',,:rail~~: ..h;dl be cho'!;cn ~y BorrC>\\Tr suhjee! In ill'prU\';li hy Lender: prnvldcJ.
<br />that such approv.d shall n(ll be \HHcrI:\l.mahly withheld. All premiums L'Il insurance policies sh~lI be paid in the manner
<br />provided under paragraph 2 hereof Of, It flot P;1ld :n su~h 11\anncr. hy ilorrowcr making payment, when due, directly 10 the
<br />insurance carner.
<br />All insUfaHl.::c polici~s and renc\.l;ais tht:r;.;oJ ~halJ he In [elrm ~G.:ertabJc to Lender and ~hall include a stanuard mortgage
<br />ciause if\ favor of and in form acc~p!:\Hc h.~ L'.:nJ.cr Lcnder shall have the right to hold the policit:s ~md rene.....als thereof.
<br />and Borrower shalt promptly furnish t(\ Lender :tll ;cncwal Il(lticc~ Jnd ;lll r~ccirts of pHal premiwllS. In Ihe event of los<;.
<br />Borrower shall give prompt notic~' 10 ;blt UlSllrJllCt" cilnicr ;llld Lender Lender may make pro()f or loss j( not m;HJc promptly
<br />hy Borrower.
<br />. Unless Lender and Borhlwer olhClwts..: agft'l: ill wntwg. iflSllf;mce proct"~ds ',11:111 be appitcd Ii,) rC<;loratiol\ or rep;lir of
<br />fhe Property oam;tged, provil.kJ such rCSIOLtliOll or rep<llf IS ~:~onomlt;:illly fcu<;iblc ,ltld Ihe security of Ihis Deed of Trust i<;
<br />nOt thereby imp;:ilred. If su~h restor:tllon or rep1\ir l.. nut cl.'ofi0mlt.'illly fe.mble or d Ihe sc..:urity of lhis. Deed of Trusl would
<br />be Impaired. the in$tlran~e proceeds :;hall ~ applied 1O the $UlllS SCL:un.::d by Ihls Deed of Trust. wilh the c'cc:-a~. if any, paid
<br />to Uorrower. If the Prop~rt)' is abafldoocd by norru\'lcl. l1r if Borrower f<lil~ 10 lcspond to LcnJ~f within 30 days from the
<br />dale notice is m:l.ilct.l by Lender to Borf;)...~.cr thai the insllfaIH:c i..'~rricr.olrers lu setlle ;\ <.:!;\im for il1!o.tHancc oenefits. Lemler
<br />IS .authorized to collect and apply th~ insufollh';C pro~ecJ'i :II Lender's option either 10 rcslOratlon or repair of (he Property
<br />or to the sums secured by thls Deed of Tr\.lSL
<br />Unless Lender and Borrower otherwJse ;.(glee :0 writing, allY ~uch application of pro~ccds !n pnl1cip~1 shall not c.\tcnJ
<br />or poslpone tbe due dale of the monthly in.st:tllrllcnls rctcneJ to in paragraphs. ! :lnu 2 hereol or change the amount 01
<br />MICh installments. It under paragraph I ~ hereof !he Property IS ,:Jcquired hy Lender, all right, title :lnd interest of Borrower
<br />in 3nJ to any insurance policies and in .IIlJ 10 the pr0cceds thcfL'ol resulting from (l.amagc to lhe Property prior IQ [he Silk
<br />or acquisition s.hall pass to Lender [I,) the ~.\.lent 01 the sums secured by this Deed of Trust immedintcly prior 10 such sale or
<br />acquisition.
<br />6. Pre.s~n,ation aud Mainli:ll3nce of IJrupert); Leaseholds; Condominiums; IJlanl\cd Unit Uevclopmenls. norrower
<br />\hdll keep the Property in go..1J rep.ur .1114.! shall not \;Otl1lHlt \.."stc nr p~rnlll imp~llfmcnt or dctC'l"i~)r;ltjon ~)r the Property
<br />and shall cotnpl} with the provisions of ~ny Ic~~ it this DccJ of TrLl:'i1 IS on a leasehold. If this Decu of Trust is on ~ unil in ;l
<br />condominium or a pbnned unit dcvelnpm>:llt, Horruv,.cr shull pcrJorm ;111 uf Borrower's ohligations \Inlier the ucdar:ltioll
<br />or covenants creating or governing the condominium or pl.mneJ unit development. !he by-l;.lwS ;mJ regulations (It' Ihc
<br />condominium or planned unit developmenc rind t:onslHucnt ducuments. If a i:ondominitlnl or planned unit development
<br />rider is exe,cuted by Borrower and recorded logcthcr wilh this. Deed llf Trust, Ihc CQvcnnnts nnd ~lgrccmcnt:. or such ridcr
<br />shall he incorporated into and shall amend ;lnd supplement the. C0'''CI1~tnb. ;lnd .Igrcclllcnts of fhi~ DCl'd ~)f Trus! ;l~ If !he rider
<br />Were a pan hereof.
<br />7, Prol~ction of Lender's Securiry. If Borro......er fad;.> 10 p\."rform the covenants :ltid agrlCcmcru.s con[ainco in Ihi\
<br />Deed of Trust, or if an)' d'ction or procccJing is commenced whIch n1.J!cli<l.lly c:fi"CCI$ Lender\: inlac:'.L 1n the Property.
<br />including, but not limited to, emintnt domain, insolvency, code cnforcc:ncnt. or arr;1l1gclllcllts \.\r pro,,;cculngs involVing ;1
<br />bankrupt or decedent. thcn Lender at Lender's. oplion, upon notice to Borrower, m,lY make ~u~h. appcOIr;J.nccs, disburse sllch
<br />"Sums and take such action a$ is ncc~lOsary (0 protect Lcnucrs inlcrest. ll1cltu.-hng. hut not 11l111il.~J to, dlsburs-Cn1CHI of
<br />rea50n~hte attornefs fees and entry upon the Property 10 make repolirClo. It' L,endcr fcquircJ ,,'...nlgagc in'Hlr;\Ilcc a~ ;1
<br />cfindiuon of making the 1030 sccUlcd hy thi! Deed of Trusl. BOfwwcr ~hall pal" Ihe prcnllums r-eqlltrnJ (0 1l1:11nt;lln SHch
<br />insurance in eJf~ct until such time ;1$ the. requirement (or such in:i\lr~:lli.:C k. min;J.!cs in ;\I.'CorJ:ln<.:.: with UWl"i-i'lVcr':, :wJ
<br />Lender's.. wriuen agrt:ctllCnt Of appli-Cllbl~ !~w, Borrower shall Pil)' :hc ;llllollnt or all murtgage In'il1rancc premiums ill the
<br />rna,nner provided under paragraph "2 hereof.
<br />Any amounts disbursed by l.ender pursun"t to tim, p3ragr~ph 7. with loterest thereoll, sh:;dl hc-.'ona: :HJditional
<br />lnd-e:htcdness of Rouower .$C'Cure-d by thi.'i Dce:d of Trust, Unlc;s.s Borrower ilnd Lender agfce 10 \11hcr terms L1( payment, such
<br />.;;.m(iunts :shaH he pa)'ahle upon notice (rom l.ender 10 ,Borro\\i~r Icqucsting P;l~d\iCflt ihcrc(d. rlnd ~ha'J heM IOlcrcst from lhe
<br />date of disbursemC'nt at Ill<: rate paY,1b1e from tiOJe t", tune (to ('Uoi{;lflJinr: principalllndcr th~ No:c Hn!C~3 paymelJt, uf irHcrc:il
<br />at $u~h Hl"k wQ\lld be: CL'lftlrary tl) iiirphc.abl~ law. in- wO.Kh eVent -such illnOUnJ". ",n.lll hear mIne,>' al the hlt;JlI~".;{ .;tl('
<br />P'Clminibl,e under applicable: li1w. NtHhiflg l.:ontaincJ III thiS po.Iragtaph 7 ,dldll reqUIre Lender h1 mi.:ur any e,lt.~n5C or take
<br />ally artkm her<,\mder.
<br />8. "u-pedro". Lender fl'lay n1.-):-e Dt '::iU.lC to he: - ~adc; rea$onublc C!1ttie-'i Ppor) ,1I1d in,t,p-c<:!ions vf !hc PrcpJ.:tt}'. 1,;(,"';';<.:.1
<br />that J~ender Ih~H ~IV~ nO-Hower hoti;.:-e pli,)/ to allY h !ns,~-{tjon ].pecibin' e;)~"nablc (;1-\,.1...; Ih;;l'~f;.H' n:bkd ~.) LcnJcr\
<br />'nt~u;,~i: in thee PtOl'H::tt'V
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