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<br />83- 006488
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<br />UNIFORM COVENANTS. Borrower and lender covenant and agree as follows;
<br />t. pay_ of PriodJdl and InteftSl. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidence1 by the Note, prepayment and late charges as provided in the Note. and- the principal of and interest
<br />on any Future Advances secured by this Deed of Trust.
<br />:z. F_ for T_ aDd Il1SlIl'IIIIU. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to lender on the day monthly installments of principal and interest arc payable under the Note, until the Note is paid in fu1l,
<br />a sum (herein "Funds") equal to one4weJfth of the yearly taxes and assessment'i which may attain priority over this
<br />Deed of Trust, and ground rents on the Propcrty~ if any, plus one-twelfth of yearly premium installments for hazard insurance.
<br />plus one.twelfth of yearly premium installments for mortgage insurance, if any, ail as reasonably estimated initially and from
<br />time to time by lender On the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds- shall- be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including lender if Lender is such an institution)" Lender shaH apply the Funds to pay said taxes, assessments.
<br />tnsurance-premiums and ground rents. Lender _day OCt charge ror so holding and applying the Funds. analyzing said account
<br />or verifying and compiling said assessments and bilJs~ 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 of this
<br />Deed of Trust that interest on the Fuods shall be paid to Borrower. and unless such agreement is made or applicable law
<br />requires luch interest to be paid, Lender shaH not be: required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower. without charge. an. annual accounting of the Funds showing credits and debits 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 sums secured
<br />by this Deed of Trust.
<br />If fhe amount of the Funds held by Lender. wgether with' the future monthly installments of Funds payable prior tn
<br />the due dates of taxes. assessments. insurance premiums and ground rcnt~. s.hall exceed the amount required to pay said taxes.
<br />assessments. insurance premiums and ground rents as rhey fall due, such excess shall be. at Borrower's option, either
<br />promptly repaid (0 Borrower or credited 10 B\.xrower on monthly installments of Funds, If the amount of - the Funds-
<br />held by Lender shall not be sufficient to pay taxe-s. assessments, insurance premiums and ground lcnts as they fall due.
<br />Bor1'ower shalt pay fo Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower ~uestiDg payment thereof.
<br />Upon payment in full of all sums secured by this Deed .of Trust, Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph IS hereof the Property IS sold or the Property IS otherWIse acquired by Lender. lender
<br />shaH apply. no later than immediately prior 10 the sale of the Propeny or its acquisition by Lender. any Funds held by
<br />Lender at the lime of application as a credit against the sUm~ ~cured by this Deed of Trust.
<br />3. AppIicatioft of Payments.. Unless ~'lpplicablc- law provid~,;; otherwise. all payments received by lender under rhe
<br />Note and paragraphs I and 2 hereof shall he applied by Lender firsr 10 payment of amounts payable to lender by Borrower
<br />under paragraph 2 hereof, fhen ro !ntere-st payable on the Note. then tt.1 the prmcipal of the Note. and then to interest and
<br />principal on any Future Advances.
<br />4. ChUlt5: I.leas. Borrower s.hal! ray alt [.n,e_'!., .1~eS5merlf~ and Nher ..:harges, fines and impositions attributable to
<br />the Property which may attain a prionlY over {his Deed -of Trust, and leasehold payments or ground renls. if any. in the
<br />manner provid~ under paragraph 2 hereof Of, if nor paid in sllch manner. by Borrower making payment. when due. directly
<br />to the payee thereof. Borrower shall promptly furnish ti\ Lender .all notl~s. of amounts due under this paragraph. and in the
<br />event Borrower shalt maKe: payment directly, Borrower ,.haU promptly f urmsh h.' Lender receipts evidencing such payments.
<br />Borrower shan promptly discharge any lien which has pnonty over thiS Uecd of ["rust: prOVided. th.u Borrower shall not he
<br />reqUIred to discharge any such hen Seo long a.;, Borrower shall.agree In 'lAriting 10 the payment of the obligation secured ~y
<br />\u-ch hen m 3 manner acceptable hl Lender. or ~haH In gooJ fiUlh contest -,uch hen by, or defend eniorcemcnr of such hcn 10,
<br />legal proceeding'i which operate tn prevent the enh\re-ement 01 the hen or forfeiture of the Property or any part thereof.
<br />$. Hazan:t losu....<<. Bt.)fTOWer 'ihaU keep the Improvements now ~,\;fS(mg or hereafter erected on the Property insured
<br />against loss by fiTe~ hazards included within lhe term "c.\tcndcJ coverage", and such other hazards as Lender may reqUire
<br />and in such amounts and for :rs.uch penods a", {enJ-cr ma}' reqUlre-: provlde-d, that Lender $.hall not require that the amount of
<br />~uch coverage e:\ceed that amount of coverage reqtllfed t() pa~ the sums secured by thiS Deed of Tmst.
<br />The insurance carrier proVIding the in"'lIrance ..halt be ('ho1;.('n hv Hnrr0wer subiect to apprtlval by Lender: proVided.
<br />that such approval shaH n(lt be unreuonably withheld. All premrums on insurance policies shall he paid in the manner
<br />provided under paa.araph 2. hereof or, if not paid in s.uch manner, by Borrower making payment. when due. directly to the
<br />insurance carrier.
<br />All insurance policies. and renewals lhereoi ~h3H he In form a(~eptahh: In l.efH.kr and shall include a s':locb_rd mortgage
<br />dau1e in favor of and in form acr--:pI3ble- to Lender, Ll..'ode-r ~h<til have The nght to hold the policies and h _ ..Ial.. thereof.
<br />and Borrower shalt promptly turnish 10 Lender all rcnew.tl fH,ltl\:es and ;111 receipts of paHl premiums. In tht- event of los~,
<br />Borrower shall gw-e prompt notICe to the lI1suran;:c (<tHin iintl L1.Cndcr _ Lender may make pr()(){ of loss iI nN made prompaly
<br />by Borro'Wef.
<br />. Unles, Lender and Borrower otnerWI!le 3.~rec In l~nllng. In$UfalH.:C pro\.'ccd~ ~haJl be applied 1(1 rC"lOfallon or repair of
<br />(he Property damaged, provu.icd s-ucn rC$H._"'r.HH1rl or r~p,-Ilf I.. ..~\.."o!lomlcany !l~'}Slhle ,HId lht:" security of tnn;;, Deed o( Trust IS-
<br />not thereby Impa1t"C,L If such reSloratlon or repair j:\ no! economkally kastble tJr If (he sccunty of thi" Deed of Trust ..h)uld
<br />be Impaired. the tnsuram,'e prnceed:s s.hall he IlppheJ to the sum.;; !>t'I..'ure-d hy this Deed of Trust. With the CXCt:.s-s.. if any, paid
<br />to Borrower_ If the Propeny 15- abandoned bv Bl)rrllwer. 'H If Borr~\"""cj" f,uls to rC'i-pond 10 Lender \\-ithm 30 days from the
<br />date rwtlcc i~ mailed bv L,c:n<kr to Borro....er Ihi:!t the llHl-lIranCC ;';~lrrler ,)\lers to $cttle 11 dalm for Insmance benefits Lender
<br />IS authorized to 1;.'01lcel and apply the mturam;:e pr()ceed~ at Lcndc:r"s opBan "Clther to restoration or repair of the Propeny
<br />\)( to the sums :\;(:(:ured by thlS Deed of Trust
<br />Unfess l.ender .and Borrower l1thc.rwise agree In wnllng. an~' 1iu\:h ~pphCallO" III proct.~s h) principal shall not extend
<br />or postpone th~ due date of fhe monthly iOstallmenb .:~err-e-d It\ H1 paragraphs I and ~ he-reol' nr change the amount ot
<br />~W;:h instailmeou" If under paragraph IS here,)! the Property I) acquired by I.ender. all nght. title and inleresl of Borrower
<br />Hl and to any in$urance JX'hcies and m and 1(1 the pnx:eeds thcrt.'oi I't":-',,ulllng from damage to the Property prior 10 the s;i1c
<br />or acquiilllon shall pass to Lender 10 the ~:\u~'nt of the ~ums sei.:ured b\' this Deed of TruM Immediately pnor to such sale or
<br />acquisition_
<br />6-. Prewnadou and MIIiIaIeftalK:e of Propeet,.; Leaseholds; Cundominiums: Planned Vnit Oevelopments. BOI rower
<br />,haJJ keep the Pn'f'(:f1Y In glXX.t re-p~ur ;mt;l "halt nOI C'.1ll1nllt V.~I";It:" l~f .wrmn fmp.urnlCnl tH JClCrh)raIron of the Propcrl~
<br />.Jnd sball comply with the pro't'islons- or any lease If thiS ()e-e-d of Tru::.t l'i on a leal>chold. If this Deed of Trust IS on a unit 10 a
<br />condominium {If it planned unit de\leiopmcnt. Borro....er .shaH periorm ~H of Borrower.s ohligalions under the dl~l;lf.atlOn
<br />...If covt'-nants ere-atms: OT ~)\icrning the ("I..\ndomlfiturtl Of p'anr~d lIflfl devciopmenl. the hy-Iaws ilnd r~guiations of the
<br />(-ondomlnium or planned unit development. and ~onstltuem document". if a cnndomlOiu01 tH planned unIt dC\'l~'lllpment
<br />nder is cx<<uted by Borrower and I"~--orded loge-[her wlIh thrs Deed of Trust, the covenants and 19reements ~)I ~lIi:h rider
<br />shall be mcorporated into- and SthaH amend and suppiemenl the COVen,Hll~ J;l1d .lgre-c-ments 01 thIS Deed 01 Tru::.l a~ It the fIlJer
<br />were a part hereof.
<br />7. Preeediott of Lcedn-'s SHurity. If Borrower f~u15 h_1 perform the covenants and agreement!. l.:onl31Oeo in thi"
<br />Deed of Trust. or if any action or p!'l.X.:eeding. IS commenced ~.hH:h rnatenally affects Lender's interest 10 the Property.
<br />iududin.f. but not limited. to. emment domain. tnwivency, l,'ooe ~nforccment, ur arrangements or pfl:.X"ccding~ involvmg il
<br />bankrupt or decedenl. tben Lender at Lender's option. upon nOflcc (Q Horrower. may make- -such appearance:'!., di'ihur~e such
<br />'i.ums and f.&ke such action as 11lo ueces.sary h) protect I..ender"s Intere5t, mcluding. !"">ut not IUTlited to. d!'"hur~C'ment or
<br />KaIOItable attorney's fees and entJ)' upon the Properly to make rcpaH~ If t,cnder required mortgage in~uranct:: ~1':O :'1
<br />condition of maklllJ the loan :H:'CUfed b~ thffl. I.ked of TrusL Borrower ..h:tll pa)< the premIUmS' reqUlred If! mam!;Hn ..Ul:h
<br />i~ in effect until 'Such tjme as the requirement tor li-uch msur-J.tl\.~e fermm31es 111 accordanc~ With Borrower'!. :lnd
<br />Lcnd<<'$ WOUen agn:emerd or appHcahk- law, Borrower shaH pay the .lmounl 01 all mortgage insurance premium\. lil tht'
<br />manner provided under parap-aph 2 hereof. .
<br />Any amounts disbursed by Lender pursuant to thlS paraguph 7, With 1O(~re3t thereon, ~han t-.econlc- addlttlHui
<br />tndet,tcdneM of Bonnw<< SC'(:ured ~y this Deed {)( Trust. l'rttesli. Borrower and Lender agree to otbertcrtns (,t payment. ~lJdl
<br />amo\1;l\tI- iI'ta-tl he payable upon notice from Le.ndCf to Borrower rellu~utlg paymen! t~reot. :ind shall beat iIltc:reSf IWIll lhe
<br />date (If dlIbu-l'IeIIteOt .l. tbt- rate: payable- flom time to time on -nuUf~-fh.hn, prU11::lpaJ uni:k-r the Note unh::s:!l pa~'ment of tntt'fnl
<br />4t tue;b: (-ate would ~ n:mtr-ary to .pphcat>>e- law. in \...'hfCh event '\uch llmounh s.h..U bear mlercst al "the hllthC1it tlitc
<br />~bJe under .pplu;.abie law_ N!)thJn~ \'-o-ntamed 1ft 'fm paratttaph 7 ~haii r-e-quire Le-nder tu Incur an)' ~xpenSe or take
<br />my""""", _........
<br />.. ~ l..em:kt: tn.)' mu.t: 4")f C/llUie to be mAde reilMlrt;lb!e -enU~ upon and ln~t;Qll~ \,,' tht.' PWpt"l1'1-._ pwvidc~i
<br />'.....1 l.fmder' WU ,-lYe Borrt'rw-cr n{lflc:e: pn"". to any I$tK:h lmpcchQ-rJ: spectfymJ ~-ll'3(}nab-k ("tlbC' thcrdor rd,li!t'd ht LenON '!
<br />IrrtofW.f m the J.'f'OI)OI1Y
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