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<br />84 - 002325
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<br />UN.POIlM COVENANTS, Borrower and Lender eovenan' and apee as foil.....:
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<br />J. "-'-",........... ~ Borrower sh.1I promptly p.y when due lhe principal of and inleresl on the
<br />.ndehlednesa evidenced by the Note. prepayment and Iale eh....... as provided in lhe NIlle, and the principal of .04 in_
<br />on .ny FUlure Adv.nces secured hy Ihis Deed of Trust,
<br />2. ....... ~..~. Sllbject to appIbbIe I.w or to . wrillm wai_ by Leader, ~....,.,
<br />'0 Lender on .he day monthly instaIlmentil of principal and inleral are payable under the NIlle, until the Note. is. ,..paid'. '.. '.'ilI.. '!II/.. .
<br />. sum (herein "Funda") equal '0 one-lwelfth of lhe yearly laus .nd ............... whidl",::,~lUIIn priori!Y C)Wr' JhiI
<br />Deed of Trust, .nd pound ...l1li on lhe Properly. if any. plus one-twe\flh of yearlyJlR'll!illlD'. "for:buliril;~,
<br />pi.. one-lWeIfth of yearly pteIlIium instaIlnients for ~ insurance. if any. all u~ estinwIe4 iDltillI" 'l!Dol'~ '
<br />time to 1m. by Lender on the ... of _.. and bills and ...-we est............" ' ,'..... ,:' . ..,
<br />The Funds ...... b.; held in an. illltitulion the depooils or __II of whicb ..... i........ or
<br />....e qency (includint Lender if Lender is such .n institution), Lender.....1 apply .the. F..... '.' to~X'
<br />insurance premiums and crouncI reoll, Lender m.y _ cbartle for 10 hoIdint .aitd.~ theFIiillJII"
<br />or Yerifyi", and ClOlIlpililll said _.. and billa. unless Lender ptl)'l1Iormwer.i.....lIll.
<br />permit. Lender 10 malte such a e"'r., Borrower and Lender may .Il'1O. in .ri...., .llt . the 1_,
<br />Deed of Trusl Ihal in.e..... on the Funds shall be paid 10 Borrower, .nd un_ _h a~ ii'. '
<br />requites such inte.... 10 he paid, Lender shall not he required to pay IlorroWl!r .ny in_. or.. .=-. ,:
<br />.hall .ive 10 Borrower. witltout ch...... an .nnualaccounli.,.." lhe Funds, showi", CRrlIitI:.. . . ,.
<br />pu",,* for whicb -" debit 10 the Funds wu made, The Funds .te pIedpd IS addiliolllll ___.
<br />by Ibi. Deed of Truat,
<br />If the .lllOIIftt of .he Funda held by Lender, .....her with lhe Mu.... monlhly illlhllllMnts of .FititdI!'
<br />the due dates of lUes, _IS. insilrance pteIlIiums and .1'OWId renII, ..... exceed. the _.,..~.tI!.
<br />......menl., insunnce premimm Ind ground ",nlS .. lhey fal! dur. such excess .!;all be. at ~"
<br />promptly repaid 10 Borrower or credited 10 Borrower on monthly IDllaIIments of Fundl. If 1litl'........
<br />held by Lender ....11 not be sutIlcien. '0 pay ta..., ............n... insurance premi_ and ......',.......
<br />Borrower shaD pay 10 Lender .ny amounl neccaary 10 mate up lhe cIolIcienGy wilhin 30 da,.fIoalhe 4ale"
<br />by Leader to IIonoww ......-n.. ~ tbereof, . . . . . ..' '.' . . '
<br />Upon paymenl in fun of all sums secured hy Ih" Deed of TruSl, Lender sh.1I promptly r:efttnlllOlIarrtiMt,
<br />held by Lender, If under par.,...ph 18 hereof .he Properly is sold or the ProperlY i. Olherwilc acquired by ~,
<br />shall .pp1y, no I.,er than imniedIatdy prior '0 lbe sale of .he Properly or its ""'luisition by Lender. anyFIIlttlI.
<br />Lender .. lhe lime of appIicalion as . eredil .,aiMllhe sums secwed by this Deed of TI'UIl.
<br />3. ~", ~ Un.... .pplieable I.w prov.des o.herwi.... .11 paymenl. teeeived by Lender ...., t/I!r:
<br />NOle and _raphs I .nd 2 hereol shaU be applied by Lender 6rsl in payment of amounts payable 10 ~by.-..-... '. ~..'
<br />under par........ i hereof, lhen 10 inl_1 payable on .he NOle. .hen '0 lhe principal of lhe Note. and iltiin.to ill.... .....
<br />principal on any Future Advanca..
<br />4, CIl8IIft; u... Borrower sh.U p.y .11 tases, ......ments and other c.......' 6nes .nd imlX"itionl allributallloJ to
<br />.he Property ",iJich may I.tain . prionly over Ihi. Deed of TrUl', and .........d par-ta or around _II, if ..,....'
<br />manner provided under paraaraph 2 hereof or, if not paid in .uch m.nner, by Borrower mati", paymenl. when due, ditlIctIy'
<br />10 the payee .hereof, Borrower shall promptly furn"h '0 Lender all notice- of IIllOOnlS due under this ........... .......1htt
<br />even. Borrower .h.1I mate payment diteelly, Borrower .hlU promptly lurnish 10 Lender recei.... eYidencilll sucIt ~
<br />Borrower shall promplly di1lCha~ any lien whoch h.s pllority over .hlS Deed 01 Trust; provided. 1"" ~r .....~ not he
<br />requlled to discha... Iny such ben so lonl "' Borrower shalllgree m wllllng 10 .he paymenl of lhe obl...,1OIl oecured by
<br />,uch hen m a manner .ccept.b1e '0 Lender, or sh.U m good fa,'h con.esl such lien by, or defend enf_1 of IlICh liett.in,
<br />lel.1 proceedin.. wh.ch operate 10 prevenl .he enlorcement of lhe hen or forfeilu,", o( lhe Property or any pan tIteRof,.' ..
<br />5. ..-.. r-. Borro",..r shall keep the improvements now exiSlin. or he.....f... __ OIllhe I'mpetl)' ~
<br />.gains.1os by 6re. h_rds included within .he term "e..ended cove........, .nd such olhet haardo .. Lender _y ......re
<br />and in sueh amount, !tOO fO'r ~JC..to} period! as lende.r may requ!rc; provided. that Lender ~haU not require that the. amount of
<br />such cover. e.ceed tha. IUIlOUDt o( cover. requ.red 10 p.y .he .ums lIOCured by .his .Deed of Trust.
<br />The inlurance carrier providinl lhe insurance .h.U be chosen by Borrower subjecl 10 approv.1 by Lender; provided.
<br />..... such aJIIIn>".1 .....1 not be unreuooably withheld. All premiums on iDlUranee policies ....11 be paid in the......
<br />1"'OVided under parapaplt 2 hereof or, .1 not paid in such m.nner, hy Borrower matins ..ymen.. when due. c1imctly to lite
<br />iDIunmce anier.
<br />All insura....... poI.eies and renewal. .hereol shall he m form .cceptable 10 L.nder .nd shall include a ..andanl _....
<br />cl..... in f.vor of and in form accept.bIe 10 Lender. Lende~ ,hall have .be riJht '0 hold the policies and ........... theROf.
<br />and Borrower....U promptly furnish '0 Lender III renewal notices and all receipll of paid premiums, In the event of loss.
<br />Borrower shalI,.ve prompt _ice 10 .he msur.nee camer .nd Lender. Lender m.y mate proof of '- if nol made promptly
<br />by Borrower,
<br />Unless Lender and Borrower olherwite agree in writml. msurancc proceeda shall be applied to restoration or repair of
<br />,he Property damaaed. pruvided such ....orallon or repall " economIcally feasible and lhe seellrily of Ihis Deed of Tr", is
<br />not lhereby im....red, If such _torallon or repall IS not ecotlOmic.lly lea.,ble or .I.he securily of Ihis Deed of Tru., would
<br />be: unpaired, .he insurance proceeds "'all be .pplied 10 .he Ill""" _ured by lhis Deed of Trust, wilh the e.cess. if any. paid
<br />'0 Borrower. If lhe Property " .bandoned by Borrower, or jr Borrower fail. 10 ""pond 10 Lender within 30 days from lhe
<br />date DOli<< is mailed by l.ender to Borro"''ef (hat .he lllsurance carrier otters to seule a claim for insurance benefits. Lender
<br />IS .utlKvtzed to collec. and apply lhe insuranc. proceeck at I..nder's oprion either 10 re..oralion or ...pair of lhe Property
<br />or 10 the IlUIIU secured by this Deed of Trust.
<br />Un.... Lender and Borrower olherw,... .Iree ID w1llin.. any ,uch applicalion 01 proceeds 10 principal shall not e..end
<br />or poll....... the due d... 01 the mon.hly inst.UmenlS referred 10 in par."aphs I Ind 2 henaf or c"'n", lhe .mounl 01
<br />,uch installmenls. If under par."aph ) Ii her.x>llhe Properly i, .cquired by Lender. all riabl. lille .nd inlerest of Borrower
<br />.n and 10 .ny insur.nce policies and ID and '0 lhe proceed> lhereof resullin. from dam.", to .he ProperlY priot 10 lhe ..Ie
<br />or ""'luisition ....11 ""'" to Lender 10 .he ""ten' of ,he sums secured by .his Deed 01 Trus. immedi,'ely prior 10 .uch ..Ie or
<br />acquisilion.
<br />6. "-,....... MaIooe..-.. at ..........,. ~ C.~....I"'."sl ..... U.. De.......... Borrower
<br />'ih.:tll kte-p the Property '" good reran and shaU nOI .commlt wltlile or permIt Impainnt:nl or deterioration of the Property
<br />and....U comply with the provlslom of any lease .f lhl5 Deed of Trmt IS on a Ieuehold. If this Deed of Trust is on a unit in a
<br />condominium or a planned unit development. Borrower shall pedorrn all of Borrower's obli.allons under the declaration
<br />or COVenanl1i cra.tin! or governin! the condominium f\f ~!!n~ !.m!! dev~!op!T!e~!. the t-Y-!!W5 and regu!ahon~ 'Of the
<br />condominium or planned unit development, and COnstltUCnl docUfllents. If a condominium or planned unit deveklpment
<br />rider 15 c..ucuted b)' Borrower and recorded together with this Deed of Trus.t. tM covenants and agrcer~nts of such rider
<br />shall be incorporated into and shaH amend and supplemenl the covenants and a.greemenll of .hl5 Deed of Trust as If the rider
<br />_re I pall hereof,
<br />.,. ................,. Secwtty. Jf Borrowe.- (ails to perform the covenants and agreements ,..'ontalned in this
<br />o.d 01 Tl'WI. Of If any action or proc;eedtol ~ c.-ommenced which matcnaUy affects lender', intcrftt in lhe Property,
<br />indudiaa. but DOt linUted to. eminent domain. lhlOlvencl. code enforccment. or a.rrangements or proceedinas Involving a
<br />bankrupt or decedent. then Lender at lender's option. upon notice to Borrower. may make 5uch appearances. di~burse such
<br />sums and tate such action as tS neceuary to protect Lender's Inlera" Including. hut nOI limited to, disbuncment of'
<br />~ .ltor.,-,'. tea and entry upon lbe Property 10 make rep,ltn.. If Lender required mon.-ae inl10urance a~ a
<br />condition of makina the Joan secured by thi. ~ of TrusI, Borrower shall pay the ~rem,ums required t.;l maintain su.;h
<br />iO:lUf'a1K;C in effet-t Uft1il sucb time u the reqUtrement (or such lO~uram.'C temllOales In accordance wflh Borrower', and
<br />LeadIr~1 wm..."....... Of applicable J.w, lIorn'M-~r shall pay the amount of all mortpF insurance premIUms Ifl the
<br />........ provided ....... .......pIt 2 hereof,
<br />_ AIIJ .......... dw.uned by Lender punuant 10 thts par.lfaph 7. WIth tntefflt thereon. shall hccllmc additional
<br />indltlledllal of -Iorrc:Mwcr MlCured by th" Deed of Trust, Unleu Borrower and Lender agrw to other terms of payment, \ll\:h
<br />............... be pa,.... upon notice from lender 10 Borrowe-r requesuDa payment lhereot and mall hear mterest f'mm the:
<br />.. of ~ at the .... JIIIY'" lrom time 10 .ime on out,,"ndinl pnnClpII under lhe Note unl... plymenl 01 inte"".
<br />at IbCh rate wookI he t-'Ofttrary 10 applicable' 1.,*, If) ",..hlch even! sl.ll:h amo-u01~ ...hall bear mle~'!i.t at the hlBtIts. rille
<br />.......... ~ applkabte law, Nothin. contained 10 thiS pat.lf.ph 7 iihall reqUlfl:' Lender to }(leur Itn~ e~pense ()f take
<br />anyll<'tioot-.....,
<br />.. ........... tAtllilaf may m'ake Of CilUW to M mD J'eMOl1-3bk entnes up'''n and Insp<<1 tfJOS of the- Property. 'pl"Oiided
<br />fhat ............ lift Bon...<<.. notICe pnor to any s.uch m$pcc-uo-rI Spcc.lf)'lna R'uo-nable call~ lheretl't related It) t tnd('r'"
<br />'0_ ......~.
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