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<br />002285
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<br />U>lJFOllM COVI!NA>lTS, Borrower and Lender covenant and agree as follows:
<br />,I. r.,- of PrI8dplII ...~. Bor"""", shall promptly pay when due lhe principal of and in.eres. on .he
<br />lfldehtedneu evidenced by lhe Note, prepayment and Ia.e charses as provided in .he Nore, and lhe principal of and intetal
<br />on any FUlure Advances secured by this Deed of Trust.
<br />t. ........--... '-- Subject to applicable law or to a written wai_ by Lender, Borrower ...... pay
<br />10 lender OR the day _thly installments of principal and intenst are payable under the Note. until the Nore is paid in full,
<br />a .um (herein "Funds") equal 10 one-.welfth of .he yearly .axes and a_men.. which may a.tain priorily over this
<br />Deed of Trust. and IJ'OWICl reo.. on the Property. if any, plus one-Iwelfth of yearly premium in....lments for h..... in_.
<br />pi.. one-twelfth of yearly premium in..allmen.. for IIlClrtpp insUrllDCe, if .ny. all as _.b1y estimated initially and' from
<br />.m. to tm. by Lender 011 the buis of _ and bills and reasnnabIe estim.tes therllof.
<br />The FuntIs shall he held in an institution lhe deposits or ""oounls of which are i~ or paran\eetlby a F...... or
<br />state ageney (incl""'" under jf under is such .n institulion), tender shall .pp1y lhe Funds II> pay llIid:tauI,~, '. ," "
<br />insurance premiums .nd IfOUnd ren... under ma~ not charae for soholdinl andapplyinl the.1'u1Idt; 'anal,zit..~.iIc:cDuIlt
<br />or verif)'i... .nd compilinl ..id _to and btlls, un'" Lender pays Borrower in~ on 1heFunds and.pfIIIicabIIl. I.w
<br />permit. Lender '0 make such a ch....., Borrower and l.ender m.y .."'" in writinJ at tbe time of..~,,"'this
<br />Deed of Trust lhat inlerest on the Funds shall he paid to Borrower, and un'" such a'-iS mlidll or,:~.,.""
<br />requites such intetat to he paid, Lender shall not he ""Iuired to pay Borrower any in"'_~.OII.~!~ IAlnder
<br />.hallIM to Borrower, witllout char.... .n annual_nli", of the F....... showi... credita..nddeli!tSto.thji'~.!!d.-lNI
<br />purpooe for which each debit to .he Funds was made, The Fundo are pJedaed as additional -u, fclr '.wailiiliih...
<br />bv .his Deed of Truar.
<br />, If the.mount of .he Funds held by Lender, .......her with the fulure monlhly installmellts of F-..ds'paYl!l!lo!.
<br />lhe due dates of lalIes. _... i_nee premiums and lround ren... sh.lle~tbe_UeCJujred;!IO'
<br />......-nts, insuranee premiums and ground ren.. as .hey rail due, such ex_ shall he. .1 ~
<br />promptly ~d '.0 IJorrower or credited to Borrower on monthly installments of FUnds, Iftlie iUIIOliIlt
<br />held by tonder .hall nor be sufticien. to pay taxes, _n15, insurance premn- and amund' rents....
<br />Borrower shaD pay to under .ny amount neccsury to make up the deficiency wilhin 30 days Jrom1hedate'~;il!,. "...
<br />by Lender to IIorrower JeIIlDIinI paylllCn. thereof, , ' '" ,.. . ;,.
<br />Upon payment in full of all sums _"red by IhlS Deed.of Tm", lender shall ('ronIplly reflltlll to,.~any;fI~
<br />held by tonder, If under par.lra".. 18 hereof lhe Propeny " sold or lhe Property IS olhcnrife acquired. byLender.~
<br />shall .pply, no later tban immediately prior to lhe s;oIe of .he Property or ill acquisition by l.ender. .'" ,FUndI hel,U.y
<br />Lender.t the time of .~ . eredil ..ainsl.he sums secured by Ihis Deed of Trust.
<br />3. A........ of Unless .pplicable law provides olherwi..., .n pa~to received. Lenderll!l!llr" tlie
<br />Note .nd p_raplts I 2 hereof shall be apploed by Lender Ii". to payment of amounts payable to.~. bylllitnNiet
<br />under par.....ph i hereof. lhen 10 ;nteres. p.y.hIe on .he Not., .hen '0 the principal of lhe Note. .nd'lhen: to .._.'and'
<br />pnncipal on &l1)' Future Advances,
<br />.c. C"-Ioo;...... Borrower sh.1I pay .11 'axes, ...........n.. .nd o.her charses. lines .nd impositions attributaflleto
<br />lhe Property which may allain a priority over .his Deed of TrUll. and Ie_hold p.ymenII or lround _... if any, in'.
<br />".........- P"'vided under paragraph 2 hereof or, if no. paid in .neh maJIner. by borrower malting payment. when due; diIecdy
<br />'0 lhe payee thereof, Borrower shail promptly furDlsh '0 Lender .11 not.ces of a.-.n.. due under thR ......... and_tItlt
<br />evetll Borrower shall make payment directly, Borrow.r shall promptly furnish '0 L.nder _pia ...idenci... such ..,.....
<br />BDrrower shaD promplly dtSdta'JC any lien whICh h.s priority ov.r Ihis Deed of Trust; provided. lhal Borrower sliallnor be
<br />reqUIred tD disc;huae any such h.n so long as Borrower .hall .g_ in writing t.o lhe payment of lhe ohliption oecund by:
<br />such hen in a manner acceptable lt1 Lender. or shan in good faith contest such hen by. or defend enforcement of lueh-lien,in~
<br />lepl Droceedina which operate to prevent the:: enforcement of the hen or forfeiture of tbe Property or any part thcnof..
<br />J. u-i ___ Borrower shall keep the .mprovements now ......... or hereafler crecIect on the Property.......
<br />.pinst Iou by lire, haa" included within Ihe .erm "extended coverap", and s""h other hua.. .. Lender'mayl'elllllW
<br />.nd in .ucIl amouota and for such periods a. tender m.y ""Iuite; provided, lha. tender shall not requiR .h.Uhe.c-'ot
<br />ouch covertlp excad Iha. amount of cove..... requrred 10 pay .he sums secured by Ihis Deed of Tmst,
<br />The insurance carner providi", .he insurance "'all be cboten by Borrower subject to .pptoVal by Lender; , provided;
<br />that such appnw.1 &hall not be un_.bIy wilhheld. AU premiums on insurance ""lideo ahaIJ he paid ift .....-,
<br />JlI'Cl"ided IInder: puqraph 2 hereof or, .f not patd in such manner, by Borrower makinlpa,-. whett due. d~totbe
<br />i....... carnr.-~
<br />AlIlns....nce pohciea and renewals .heRol shall be In f<>l'm accep..ble '0 Lender .nd shall include. ...1Idanl .......
<br />d_ in favor of and in form iSC<epIable '0 tender, I.ender shall Mve .he "ght '0 hold the policies. and _a1sIheRl!f.
<br />and Borrower shall prom"," furnish '0 tonder all renew.1 norices .nd allleceipes of paid premiums, In the evell" of ....
<br />IIonowcr shalll.ve prompt notice to the IOsurance carTIer aDd lender. l...nder may make proof of 1_ if IlOI madepromplly
<br />by Borrower,
<br />Unlea1 Lender and Borrower o!berwtae "!!.ee to w rI.IOI, IOsurance proceeds shall be appJoed 10 realoration or repair of
<br />the Property damaaed, provided such _orallon o. repall " economIcally feuibJe and lhe IOCllrity of this Deed of TrUll is
<br />flOI thereby Impatred. If such realora.1Oft ,,. tepa.. IS not economically feaSlhle or .f lhe """,rity .of lhis Deed of Trust wouJd
<br />be .......red, .he lI\aurance proceeds shall be appJ",d '0 .he SlIms """ured by this Deed of TNIII. with the excess. if .ny,paid
<br />to 1Ionowcr, If.he Property is ahandoned by 8orr_.r, or if Borrower fail. .0 respond 10 Lender within 30 d.ys from tbe
<br />date lIOIice is mailed by Lender '0 Borrower Iha. .he mSllrarn:e carner offers 10 seule a claim for insurance heneft.ll. under
<br />.. aulhortzed 10 coIIec. and apply .he in....ance proceeds .t Lender's oplion e.ther '0 restoralion or repair of .he Proputy
<br />or.o.he __ secured by Ihis Deed of TI1JII,
<br />UnIeu tonder and Borrower otherwise apee 10 WMtin.. .ny such applica.ion of proceeds to princ:ipalshail nor ..Iend
<br />Dr poalpDnC the due dale of .he mon.bly inllallmett.. referred to in parapaphs I and 2 heftof or cha,.. lhe .mounl .of
<br />.ucIl instaIlmeuts. If under ....-.araJIh 18 hereof lhe Property "' acquIred by lender, all rishl. title and inle... 01 IIonower
<br />1ft .nd 10 .ny insurance polKaes and m and '0 .he proceeds theleof reaul'tnl from dam.p 10 .he PropeRY prior 10 the sale
<br />or acquisihOll shall paso '0 lender '0 .he e:<tenl of .he sums secured by .his Deed of TIUSI immedi.teIy prior 1.0 such ..Ie or
<br />_uisi.ion.
<br />6.. P&...._... .....~. of .......,; ~ CIA.. I ~ ..-.-. U.. 0..1' . I 1 T Borrower
<br />'\-haU keep lhe Property In suod tepau and shan not \:t)mnut wa~le Of perm'l impairment or deterioration or the ,Property
<br />and shall comply w,.h the pIOv"",,,, .of any lease If Ihis Deed of T ru>' IS .on a I.asehokl, If this Deed of Trust is on a unil in .
<br />roodonUnJum Of il planned unit de\.-eJopment. Borrower shalt perJ'o.rnl aU of Borrower's obUptiofts under the deelaration
<br />or (,.'oveHnlS ~unl or governm. tbe ('oodonuOtum or planned UOll development. the by..laws and reaulalion!i of the
<br />~iu... or p!UDed un!! doe~lopment. ~md ('QMrttLaefl' dllCu~nts. _ If a condominium or planned unit development
<br />rider 15 exeeu"" by Borrowe. .nd recorded ,,,,,,,he. ..lIh 'NS Deed 01 1....1, lhe covenants .nd apeemen.. of sucb rider
<br />shall be: incorpxated into and shall amend and supplemen~ the C,Qvenanb and agreemenb or this Deed of Trust as if the rider
<br />were a pari hereof
<br />.,. ~ ,of ......... s..rit,. If Bonower falls to perform the covenanh and aarecments contamed in this
<br />Dreed of T1'UIt. or If aDY action en prot;Zedfftl 1:\ ,;ommenced which mate-nally affects Lender', interest m the Property,
<br />iadudiJlt,. but not limlted to..- emment domam~ imotvcnc)'. ~-ode: enforcement. or arranaenlCots or proc-ecdinp iovolvi-RI a
<br />baeUupt or c:lecedeqt,. theo Lender at Lender'$. option. upon notice to Borfower~ may make such appearances, disburse such
<br />S\UQI .nd take such action U tJ necessary to protect Lender'-s lnte~M. IOduding. but not hmited 10, disbur$C'-ment of
<br />~ .....,t, fees and entry upon lbe Property IQ make re-paln, If Lender required monaaae insurance as a
<br />c<lIadItion i1f mati... the 10IUl $lOCUfed by thIS Deed of '1 rusl, Dorrower .hall pay .he premIums reqUired '0 mam..1O >t.ell
<br />l.llllltallte in dec:t UDIiI tuc.b time as the requHemenl fot swh Ulsurao<< terminate!. in ac(.ordance With Borrower's anti
<br />I......'. ..men ~bIo 'II'" Borrower shall pay ,he amount of .11 morlg..... irmtran,:e premiums in the
<br />...._ pIIO'rided ... 2 hereof.
<br />, Ally....... by lAnder pursuant to th,s p.....raph 7. wllh 10''''", t herem,. .hall /teeome addit",n.1
<br />;~ 0( ...._ -..m:I by .bi, Deed 01 Tf\lSI. Unleu Bormwer and t.nder ...ree '" o.her 'erms 01 paym.m. ,uch
<br />_s shall be pa,......JIOlI notice In,," l.ender '0 Borrower req.....,... payment .hereof. and ,b.1l hea, lO.e..... Irom .he
<br />date: 0' ~t at the rate payable tJ_lime 1.0 time on oU"'andm, principal u..d.. the Note unl... paymelll of Imeres.
<br />at .... _ wuuId be <_"&1)' to appltcable law, to wh'ch even, >l'ch .mounts ,1,.11 hear '""'''''' .1 .h. highest rat.
<br />~ under ....icahle 'aw. NOIhtn. "''''!alned In ,In. patalfaph 7 ,hall rcqUlr., Lender '0 \Reur any .x..... or I...
<br />q)'_~c' , .,,',',
<br />-L ~ I......r may ~ or c-a-t.* tQ be made re."i)l!ul-ble entrlM upon and tmpcchOft!J of th~-~: p-ftwided
<br />"bat .......~..... iM- Borrower notiCe Pfior to an)' illC:b mSfiCClton lpectfYlna rt'U(~nab-ie ~;jU~ the_fetor related to) l,i'ndcr',
<br />,_la ...........
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