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<br />002292
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<br />UNlFOaM COVENANTS. Borrower and Lender covenant and agree as follows:
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<br />,I. .-.,- III .......... .. 1_. Borrower shall promptly pay when due the principal of and interest on the
<br />IIldebtedneso evidenced by the Note, p"'payment and lat. charges .. provided in the Note. and lhe principal of and in_
<br />on any Future Advances secured by this Deed of Trust.
<br />2. ......,. T_ .. 1_ Subject to applicable I.w or to . written waiver by l.eDder, Borrower.... ,.,
<br />'0 Lender 011 lhe day monlhly installments of principal and inle....t a'" payable under lhe Note. untillhe Note is puNn full.
<br />· sum (herein "Funds") equal 10 one.twelflh of the yearly t"".. and ......men.. which may attain priority over Ibis
<br />Deed of Trusl. and around rents on lhe Property, if any. plus one.twelfth of yearly premium in....lmentsfor hazard insurance.
<br />pi... one-twelfth of yearly p_ium in....lment. for monaaae inmranc:e. if any. all .. _bly estima1ed iRitlall)' and from
<br />lime 10 time by Leader 011 the .... of __.. Ind bills and reuonable ..ti_ t~.
<br />The Funds shall he held in an illllitutfon lhe deposils or accounls of which a", insured or paraoteedby a:'''''lo,
<br />stile ....ncy (i~ludin, Lender if Lender is such an institutiOll). Lender shall Ipply the fUllds ~P4yUld".-; "~.t!~.i~w:IIls,...
<br />II....rance premIUms and ,round ""'.., Lender mar. not cha..,., for 10 hoIdin, and appiyina .....1'tIIIlIII; -1tzinI.1liiit-~
<br />or verifyi... Ind compIJina laid ..........nls and bills, un.... Lender pays IIonower In_ OIIthePulldt aDd .8JlIllKlalMIaw
<br />penni.. Lender 10 make such . char..., Borrower.nd L.nder mlY a,_ in wrilinJ II the lime <<c-.:utioJl~. '.' th.. is
<br />Deed of Trust thai inlerat on the Funds shall be paid 10 Borrower, and un.... .uch apcelllelll is made OI"~"'"
<br />requi.... such interest 10 be paid, Lender shall not he required 10 pay Bo..-..-r any'in_ or.~OII)_:~Y'~
<br />shallgiYe to Borrower, wilhout charge. .n annual IICCOlmtinc of the Funds showing credits and debitsW.....'~"'nd;tIiIIo
<br />pIIrpl11e for which each debit 10 the Funds was made. The Funds are pJedfed ... additional -..rityfor ...............
<br />by this Deed of Trust,
<br />If the amoonl of tbe Funds beId by Lender, top:ther wilh the fUlure monlhly insrallmcnts of FllIIdIpa)"!bIe p~1b
<br />the due dates of taxes. _Is, i_ premiums and ground rents. shall exceed the _t~.(O.....,...~
<br />aseasments. insurance premiums and. ground rents as lhey fall d~. such excess '.... be, a~ _Iotrower:.__:r=~- ~.
<br />promptly "'paid to Borro....r or credited to Borrower on monthly Iftstallmenls of Funds. If the _.'P'tl@
<br />held by Lender shall not be sufficienl to pay ta.... .....smeats. inmrance premiumo and ground__.1IIey~.f'lh"",
<br />Borrower shill pay to Leiider .ny amount necessary 10 make up the dellcienc:y within 30 days from .....dale.~i.,.......i.
<br />by l.eDder to IIonower ....-;.. ~t thereof,
<br />Upon plymenl in full of all sums secured by this Deed of Trust. Lender shall promptly refund 10 Borrower allY FIlIIds'
<br />held by Lender, I r under parlgraph 18 hert!or ,h. Propeny IS sold or the Propeny is otherwioc acquincl by Lender, Lender
<br />shall apply, no later than immediately pnor 10 the s.le of tb. Property or ils acquisition by Lender, any Funds held by
<br />l.ender al the lime of Ipplication as a credit .,ainst the sums secured by Ihis Deed of Trull,
<br />3. "...........; -~ Unless .pplic.ble I.w provides oth.....ioe. all paymenls received by. Lender under the
<br />NOle and paragraDhs I and 2 hereof shall be applied by Lender first in payment 01 lmounts payable to ........ by Borrower
<br />under parap-aph 2: hereof, then to inte~t payabk on th~ Note. then to the principal of the Nott. and tbm to interest and
<br />pnoclpal on any Future Advances.
<br />4. a..we.: r...a... Borrower shall pay all tau's, assessments and other chal'JCS. fines and imposi.ions attributable to
<br />the Property which may .Itain a priorIty over Ihos Deed of Trust. .nd leasehold paymentl or pound refttI, if any. it! the
<br />m...., provided under plragraph 2 hereof or, it not paid in such manner, by Borro....r malti... pa"...., when due. dinlctIy
<br />'0 the payee thereof. Borrower shaH promptly turnosh 10 I..nder .11 nOlrce, of amounls due under this paIIlIJ1Ipb. andlnthe
<br />ev.nl Borrower shall make payment direc~ly, Borro....r shall promptly f"rmsh 10 tender receipll evidenci... IIICh pa,-.
<br />Borrow.r shall promptly discharJe any Ii.n ...hich has pnorily ov.r th,s Deed of Trust; provided, Ihal Borrower sball _ be
<br />reqUited 10 discharge any slJC'b hen \0 Ion. as Borrower 'ihall agree in writing to the payment of the obIiption IlCUred by
<br />\.uch hen In a manner acceptabl~ 10 Lender. or shall in good fauh conlell such hen by, or defend enforcement of auch lien' in.
<br />icgal proceedmp wblch operate to p~vent the enforcement of the hen or forfeiture of the Property or aDY. pan thentof~
<br />~, 1'-'11-. Borrower .hall keep the ,mprovemcnlS now "...u", or he_flcl' erected 011 the l'rQpatyi.......
<br />.g.instloss by firt!, h....rds included within the t.rm ""..ended cover....., .nd such other hazards u Lender mil)' ......j~
<br />and in such lmounts and for such penods as Lender mlY requl"'; provided, Ihat Lender shaO not requi", that lhe _t of
<br />"uch cover. exceed that amount of cover.Be reqUired 10 pay the sums !ittured by lh., Deed of Trost.
<br />The insurancr carrier providiq 1M insurance shail be chosen by 8o~wer subject to approval by lender; provided.
<br />.bat such approval shall nol be unreasonably ..."hhek!. All premiums on II_ranee policies shall be paid in ..... ..--
<br />provided under _ph 2 hereof or, If nOI paId 1ft such manner, by IIorrower making paymenl. when due. dilectlylb lhe
<br />iDMII'aDCC carrier.
<br />All tnsurance pohcies and nmewals th."",! shall be In form ac'''Plable 10 Lender and shall include I standard IIIorIJaIC
<br />dause in favor of and in ronn acceplabl. to Lender. Lender ,ball have tbe light to bold the potieico and _als IheNcif.
<br />and Borrower shall promptly furnish t" Lender .11 r.newal nOlices and .11 receipta of paid premiums, In the evenl of loss,
<br />Borrower shall g'v. prOlllpl notICe 10 the Insurance carner and Lender. Lender may make proof of 1_ If nOl made promptly
<br />by Borrower.
<br />Unless lender and Bor~er otherwuc agree 10 'A-"Tltln.l' mwnuu;c proc~ shall be applied to fCStoratlon or repair of
<br />[he Propcny damaced. provided such restorallon or repaIr I~ c\-':ononuc:aUy feasible and the: security- of this Deed of Tr..t is
<br />not I,hereby Impaired. If such ratora.IIOD or repair I~ nOI ~onomically fcas.ble or If the security of this Deed of Tru.t would
<br />be Ilnpall-ed, ,he insurance pro,;eeds shall be applied 10 the sunu lOCur.d by this Deed of TIUII, with the ..cess. if any, paid
<br />t" Ilonower. If the Propeny i. abandoned by Borr"....r, ur .1 Borrower fails to """"nd to l..ender within 30 days from the
<br />date notice is mailed by lender 10 Borrowcr Ihat the In$urance c-llrrier offers to ieule a claim for insuraoce benefits. Lender
<br />IS authorized 10 c-oll<<t and apply the lnlUfaoc",. pri>C<<ds at Lendc-r', option either to fClitoration or repair of the Pr-opert)
<br />or 10 the sums oecured by th.s Deed of Trust,
<br />Unless tender and Borrower otherw... allree 10 ...ruing, any sucb appllcauon of proceeds Ib principal shall IlOl Clltend
<br />or pootpone the due dat. of the montbly installment> referred to in paragraphs I .nd 2 hereof or cha..... lbe amounl of
<br />such inslallment.. If undcrpara....pit IS he"",1 the Property IS ""<lUlled by tender, all righi, tille and intelClt of Borrower
<br />In aDd 10, aD)' insurance pollClC5 and In and to the pnxeeds tMreot resuhlO' from damap: to the Property prior to the ..Ie
<br />or acquistlion shall pass, 10 lender 10 t~ eJUent ul lhe sunu secured by this Deed of Trusl immediately prior to such sale or
<br />acquiaitioo.
<br />6. ~...... ~ of '''''''''; Le.eIIoWs; (.'0_-'.' ; n-.. V'" Ou '. *- Borrow.r
<br />..haU keep (he Property 10 Rood repOlltr .mti ~hall nOf L~)mmll w4!r.[~ \If poi:"fm.t !mp-<~irmen! Of deteriur01tion of the Propcrt)'
<br />and shall comply with the provlsiom of any lease if rhis Deed of Trust is on a leasehold. If this Deed of Trust i,s on a unit in a
<br />condominium or a planned unit devc:lopmenl, Borrower sb~ll perJ'orm all of Borrower', obliptioftS under the declaration
<br />or co\-'CDants creal;n. or 8O"ernml the condominium or planned Untt development. the by..Jaws and re,ulations of the
<br />.:ondominium or planocd URU development. and constlt'.JCnt documents. I f a condominium or planned unit development
<br />rukr is e.ecuted by Borrower and recorded together ",ilh Ihl!!. Deed Ll-f Trust, lhe covenants and agreements 'Of such rider
<br />~bali be Incorporated into ...nd ~h.J1 amend and supplement the '(o"'~nanh and agreements of rhis Deed of Trust as If the rider
<br />were . parI hereof
<br />1. ......... of ......., Seclll'ily. If Borrower fails 10 perform Ihe ~o\'cnanlS and agreemenls ..:ontamed in Ihi~
<br />Deed of Trust. Of it ~y action or prcxcedmg I~ commenced wbleb matenally affects Lender.So ",teTesI In the Pro~rty
<br />1O..::1~ but. oot hmllOii to, emmem domain. ln80iVetK:.)'. code enforcement. or arrangements or proceedmp Involving a
<br />bankrupc or decedent, then Lender al Lender's option, upon notice 10 Borrower, may make such appearances. disburse .such
<br />sums and tate such aCUon iL"i IS nec:asary to protect L.ender"s !nll::r-~l, IOduding, hut no.t i1mited 10, disbuncmem of
<br />reaaonable a1IOI'DCy's fees and entry upon lbe Property to maL.e repaIrs If Lender requued mnrllA.r: lOs-urllnee as .1
<br />"'........tion of makin, the: loan scc;ured b\< lhis Deed of Trwd, B1..1HOWer ~haU pay (he premiums required to fllalOtam !'uch
<br />U1IUraftCe in effect Wltil ludl time a5 the requirement for iucb lH$.UUUlI.."C terminates in accoroaQ("c with Borrowe....s and
<br />Leodcr', .num .,.-ceR1CQl or appiiQbie la.-. . Borrower shaU pay tix amouUI (If all mortgage insurance- premiulllK in the
<br />Ill"'" pro.-ided under IlUIIraph 2 he"",!
<br />~"ny amowua disburwd by LendeI purlua01 to lhti PUalfl1pb 7. wJlh Interest thereon. :-.hall h~ome addHJ(tf\al
<br />tndebled.... of Borrower SK'ured by thit Deed of Tnh-'- Unleu Borrower and Lender agree co other lerm.!lo of paynlcnl. such
<br />afllOUQI. ...... be .-,.bIe upon natu from I..ender tt'l Borrower requatm, paymem thereof. and shall bear interest from lh:l"
<br />date oI41i1bu,......t at the rate pay.bk trom time In lime on (luis.tamhoc pnnCIpal under the Note unJes.'j payment 0" jute-rest
<br />.t IIKh t. 1ilIIOU1d be cooUaf') to applicable 1.,,-, in wtuch e""c:m 'illch am.ounh ..haU heiU lotefe-st 011 the hlg:heiit rate
<br />per-millible under applicable lallII'. Nothin. ,notamed III thu, p.illa,r.-ph 7 ...hnll TC\.IUlfe L~rnier hl ttl{.'ur any expense or lake
<br />an) action ""'.....,.
<br />'" ~ lAmClu may tnalr.e o-r ...au~ lu he made re4S4.101tbk e-ntn-e.\. upon ~t1J In:o.pedl-ooS .)f !~W PropCfly, plO\H.h:d
<br />thl\-! ~..... tiYC 8orrowcf noUce pflO-f to ~lUr lIl,M;h lO~pn;Uon !lo~lfYlUl fe.iUHnAbk~ \:..Hl.'l-C IneTdOf te!alet.l hI II'fH.h.'I' \<
<br />''''lit.. lin die .......v.
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