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<br />002304
<br />UNIFORM COVENA.NTS. Borrower and Lender covenant and agree as follows: 84 ---
<br />.1. ~ eI ~ .. ._, Borrower shall promptly pay when due the principal of and interesl on the
<br />IlIdehtedness evidenced by ihe NoIe, prepaymenl .nd lale ch....... as provided in the Note, and the principal of .nd interest
<br />on any Future Advances secured by this Deed of Trust
<br />2. ........ ~ .. ........., Subject to .pplicable I.w or 10 a written w.iver by Lender, Borrower ,ball pay
<br />10 Lender on lhe day monthly inst.llmenls of principal and inlerest .re pay.bIe under the NOIe, untillhe NOIe is paid in full,
<br />. .um (herein "Funds") equ.1 to one-twelfth of lhe yearly t.... and as........nl. which may allain priority over this
<br />Deed of Trust, and ,round rents on the Property, if any. plu. one-lwelfth of yearly premium installments for h.r.ard insurance.
<br />plus one-twelfth of yearly premium inst.llmenlS for mon.... insurance, if .ny, all .s reatOIlllbly estim.ted inili.11y and frlllll
<br />time to time by Lender on the basis of ___Is .nd bills and ",_ble eslimltes theNof.
<br />The Funds shall be held in an instilulion lhe deposi.. or accounts of which .re illllll'ed or ,uaranteed by & FedetaI"or
<br />stale ......,y (includin, Lender if Lender is such .n instilulion), Lender s~.1I apply lhe runds to pay said Ia'!.es~~. nil.
<br />Insurance pmlllums and ,round ",n... Lender may' not ch.... for so hoId.n, and.ppIyi... the Fundi; _lylr.l......iCt_
<br />or verifyin, .nd compilin. said ............... and bills, unless Lender P&YS Borrower in_ on theFUI1dI .nd .~ law
<br />permil. Lender 10 make such a charae. Borrower and Lender m.y as- in wrilin. al lhe ~ of elUlI:UbOIl of Ibis
<br />Deed of Trutl Ihal inlerest on the Funds shall be paid 10 Borrower. and unless .uch .............. is made orappliCatileJllw
<br />requires such inlereslto be paid, Lender shall IlOI be requiRd 10 pay Borrower .ny inte~ or ~ 011 theJl'lilIda.Lender
<br />sh.1I 'lYe to Borrower, Wllhout charJe, .n .nnual .ccounlmg of the Funds show.n, crediD and debits to . tht! :Funds'....: the
<br />pwpoae for which each debil 10 lhe Funds was made. The Funds .re pJedaed as .dditionaI NCUri&y for the_......
<br />by this Deed of Trust.
<br />If the .mounl of lhe Funds held by Lender, I.....her wirh the fUlUre monlhly i.....llment! of FUftds pay.able Jl!iOr. to
<br />lhe due dales of...... _nls, insurance premiums.nd ,round rents. shall exceed the ._IIleIJUl....... pay,.~'~
<br />..........nls. insurance premiums and ground renls a. lhey fall due:. such e.cess shall he. .1 Borrowa'. .. 's 0JIti0n....... ....
<br />promptly repaid to Borro_r or credited 10 Borrower on monlhly installments of Funds, If lhea_of 1M ..PiIiiiIs
<br />held by Lender shall nOl be sufficienl 10 pay I..... ......men.., in.urance premi..- ..... JIOIIIICl- aslliey"fall~
<br />Borrower shal' pay 10 Lender any 3IlIOUIlI necessary to make up lhe deficiency within 30 days fl'Olll the dale .ftllliceis.~
<br />by Lender 10 Borrower ""'...... p.,....1 thereof, . ,
<br />Upon p.yment in full of all wms secured by IhlS Deed of Trusl, L.nder shall promptly refund 10 Borrower....y flilIilh
<br />held by Lender. If under paragraph 18 hereof 'he ProperlY IS sold or lhe Property il olherwi.. acquired by Lender. Lender
<br />sh.1I .pply, no laler Ihan immedialely pnor 10 ~he sale of the Property or'its acquisition by Lender. any Funds held by
<br />Lender atlhe lime of application as. c....il against the sums seeuRd by Ihi. Deed of Trust,
<br />3. A......... eI ~ Unless .pplicable la.. provides olherwise, all paymen15 teeeived by Lender ...... lhe
<br />Note and pUlllraphs I .nd 2 hereof sh.1I he apphed by L.nder first In payment of amount. payable 10 Lender by Borrower
<br />under par.graph i hereof, then 10 inleresl payiohle on Ihe NOIe, Ihen to the principal of lbe NoIe, and lhienlO mletest.....
<br />principal on any Future Advances.
<br />... ~ u... Borrower shaH pay all tax.es. aS5Cssments and other ~h.l'JCS. fines and impositions attributable to
<br />Ihe Property which may atlain . pnonlY over th.. Deed of TrUll, and l...tIoId paymeala or ,round _II. if aay, lathe
<br />nwmer provided under parqraph 2 hereof or, il nol p.id in such m.nner, by Borrower maki... pa,...... w..... due. dincdy
<br />10 lhe payee lhereof. Borrower .hall promptly furnish to tender all notices of alllOUn15 due u..... tbis parqraph. and in the
<br />ev.nl Borrower shall m.... p.ymenl d,recUy, Borrow.r sh.1I promptly furnish to Lender teceipta evidenci... such pa,-,
<br />Borrower .hall promptly disch.rge any lien which has p"onlY ov.r th.. Deed 01 Trusl; provided. thaI Borrower shallllOl be
<br />reqUired to dischaJ'le any such lien so lonl as Borrower shall agrft in writing to the payment of the obIip_ion secured by
<br />such lien In a manner accept.blc to lender. or Sh.UIO good faith contest such lien by. or defend enforcement of such lien in.
<br />legal f..i:.:.nlj which operate to prevent the enforcement of the hen or forfeiture of the Property or any part thereof.
<br />, a-. Borrower shal' keep .he improvement. no.. e...li... or hereafter erected on the Propertyu-.d
<br />ag.in'l 1011 by fire, hazards included wilhin Ihe lerm ......nded coye....", and .uch olher hazards as Lender may ..ire
<br />and III .uch ..-nll .1Id for such penods as Lender m.y require; proYided, Ihal Lender sh.1I nOl "",uire lhat lhe _nlof
<br />'luch coveraae exceed that lUDOUot of coveralc required 10 pay the sums secured by this Deed of Trust.
<br />The insurance carrier provldina the immrance shall be chosen by Borrower subject to approval by Lender; provided.
<br />Ihal auc:b approval ahaIl not be unrealOllahly withheld. All premiums on insurance polieies ....11 be paid in the -
<br />provided UDder panoarapb 2 hereof or, II nOl paid in such m.nner, hy Borrower m.kin, ..yment, w..... due. di_ly 10 the
<br />illlUfallCe carrier.
<br />All insurance policIeS and renewals lhereoI .hall be III form acceptable 10 Lender and sball include a I..nda... mort,.
<br />cI...... in fa.or of and in form acceptable 10 Lender. Lender shall haye the "ght 10 hold lhe policies and renewals lhereof.
<br />and Borrower shall prompUy furnisb to Lender .11 rene...1 notic.. .nd all receipls of paid premiums, In the event of ......
<br />Borrower shan Jive prompt notIce to the msuralk..--e carner and L.ender. Lender may make proof of 10Is if not m" prOlllplly
<br />by Borrower,
<br />Unless Lender and. 8ocrower otherwlK agree in ",,'nllll.. Insurance prOL.-eeda shall be applied to resturation or repair of
<br />lhe Property damaced. provided such resloraLion or repalf IS c:..:onOlBlcally feasible and the lICCurity of this Deed of T....t is
<br />nOl_ the~)' Impaired. If such 1'e5l0rallon or repau IS nol ccillOomically feaSible or .f the security of this Deed of Trust would
<br />be ImparRd, the lIlsurance pro<eeds shall be .pplied 10 the sum. secured by Ibis Deed of Trust, with Ihe excess, if any. paid
<br />10 8orrower. If the Property" .bandoned by Borrow.r, ur II Borro..er fails to r..pond 10 Lender within 30 days from lhe
<br />date notICe IS mailed by Lender to 8on"o*er that the Insurance carner offers to settle a c1aam for insurance benefits. Lender
<br />IS authorized to collect and apply the insuraJKe jlrOl:eeds at lender's option either to restoration or repair of the Property
<br />or to lhe sums seeuRd by thIS Deed of TrusL
<br />Un_ tender and Borrower othelWise .gree in ""lIn" any .uch .pplication of proceeds 10 prineipal shall not e.tend
<br />or postpone the due: dale of the monthly installmen.. relerred 10 in par.,..aphs I and 2 hereof or ch.n.. the amounl of
<br />.....i1 installments. If under par....aph I H hereo. lhe Property IS aC'luired by Lender, .11 ri"'I, litle and inlerest of Borrower
<br />to and t~ any insurance policies and in and 10 the, procf."eds the-reof re5ulhnl from damalC to lhe Property prK>>r to the sale
<br />(lr acqUISition shall pass to Lender 10 the extent ot the sums secured by this Deed of Trust immediately prior to such nle or
<br />acquisitioo,
<br />6. "->........ ~ of ~rt)'; LeMe"'-; eo...........; ........ U... Dew h,nll'" Borrower
<br />,hall keep lhe Propeny In &L\(,.~J rep.m afMJ shaH nof i,;t,.mmH \\ :1:iolC C~' ~rm;l ImpOilrment m deterioratiOn of the Property
<br />and IbaII comply with the proVisions of any Ieue if tb15 Deed of Trusi is on a leasehold. If this Deed of Trust is on a unit in it
<br />(..~minium or a planned unit development. Borro"~er shaJJ perJorm all C.l( Borrower', obliplions under the declaration
<br />or covenants cruting or governing the condom.nium or planned Unit development. the by.laws and regulalions of the
<br />C'on~iDium or planned urnl development, and COnstl1Uf'1l1 dlliCuments_ If a condominium or planned unit dC\lelopme.m
<br />ruler IS executed by Borrower and recordCli together Wllh thts. Deed of I rusl, the covenants and agreements of such rider
<br />shall be lDcorporated into and shall amend and supplement the covenant-lt anti agr<<ments of Ihls Deed of Tm~1 as .f the rider
<br />were a part hereof.
<br />1. ......... of r...e.Iu--. SKtuilJ. If Borrower fails to perform the covenants and asreement!. con tamed in this
<br />Deed of T-fUlt. or if auy a~ljon or ~ml is commenced which male-naUy affects Lender's lnteral i." rhe Proper')',
<br />11'Ktud1na. but not Imllted to. emmCnl damatO. tnsoivetK), c~ enton.:emc-nt. or arr.mgemcnu, or proceeUlOas involving a
<br />han1rupt or decedent. t~n Lender at L.ender's option, upon notice to Borrower, may make such appearances.. dishurs~ ~uch
<br />sums and talle such action as ,!- n<<esury to protecl Lender.s IOlere.\l, mcludlng, hut nOl !tmited to, disburwment or
<br />~bIe .U~Y'5 fea and entry upon .the PropeTt~ 10 make repairs, If Lender rcq~jred mortp'ii insuran~e a.. 1I
<br />~oaditaon of makin, lhe loan so..-ured by dlts Deed of 1 fU$t. 8orf(.lwer lOhall p<liy the premlUffi.i re~ulred to maUllam such
<br />UllUraDCC in effect untit such time as the requirement for s.uch IOsurant;e tcrtlllnatelt m accordance With Borrower's and
<br />Leeder', wri,:*co -*FCCmcot or appliable la.... Borro",'cr shall pay tbe amount ot all mortgaae lIuurance premiums 10 the
<br />__ proYided under parqraph 2 hereof
<br />Aft)' amo&QItI dilbuncd by Lender purs.uanl Lt." thiS paragraph 7, With mUmeS! lhereon, shall t!el:ome addihonal
<br />indeblednal of Borrower ICCUrcd by tbis Deed or Tru:t.t t 'nleM Borrower and l.ender agr<< to l)th~f tcrm~ of payment ..w.:h
<br />amount.. ~I be ..yable upon lWlWe from Lender to Burrower retl~in8 I?"'yment thereof. ana shill bear Internt lrom tht!
<br />date of dill:KirtallCot a. (be ralc payable from tinw to time on out.s.taodmg pnncipalunder the Note unlus payment of lnlerest
<br />at MKh rate' would be contrary tJ applicable- I.,",,', '" wh.tch event \tKh amount'< ~hal1 hear Intere..f at the highest ralc
<br />penn~bIe under appbcable t..",,-. Nothini i:Onl-'lmed In Itu_s para,raph 7 ,hall r~ulft.~ Lender r\) In..:-ur an) eApen$e or tak.e
<br />any actJOO --..,. . , .. , ,
<br />., ~ L.end<< ma)' mue Vf ~au$.C td be m.ad~ rea"-mabte entn~ UP(\t) .m..lln..~pe\:tJ0f11 ottw Ptopctt\. fH\\\-h,kd
<br />1hAt lA.... 1IaaI11rw:. Borrower notice pnus to an) i\K:.h Hl'iflC'l-lo-n )pec.~fYIfiI rea~nnabh: CriUloC lherefo! related ltl I t"'l\JCI -.
<br />'nle_1 in .. 1'tOioln..
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