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<br />84 --J 002438
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows'
<br />I~ P8J1III9It of Prinri'" .net Interal. Borrower shall promptly pay when due the pnncipal of and interc<<;t on the
<br />mdcbtcdnes; c....idcnced by the Note. prep3ymen! and !~!e charges 2S provided in the NC'!e, and rhe prinCipal 0f :md inlere~f
<br />on any Future Adv3n~ secured by ttHS Det-:d of TrllS!
<br />1. ~ for Tu:. .... l..--re. Subject to applicahle law OT to a written waiver by Lender, Borrower shall pay
<br />10 lender on the day monthly installments of pnncipal and inlerest are payable under the Note. until the Note is paid in full.
<br />a sum (herein "'Funds") equal to one~lwelfth of the yearly laxes and assessments which may attain pnonlY over thl~
<br />Deed of Trust, and ground rents on the Property, 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, all as reasonably estimated initIally and from
<br />time to time by Lender on the basis of auessments and bills and reasonable c-'i.timates thereof.
<br />The Funds. shall be held in an inllltlllion the depmdt!i or accounts of which are insured or guaranteed hy a Federal or
<br />state agency (includins Lender if Lender is such an institution)_ Lender shan apply the Funds to pay said ta..es. assessmt:'nts.
<br />105urance pcemiurr~ and ground rent!;. Lender may not charge for so holding and applying the Fund!'>, analyzing said account
<br />or verifying and compiling said asser.sments and biHs. unless Lender pays Borrower interest on the Funds and applicable 13'"
<br />permits Lender to make such a charge. Borrowe'r and I.ender may agree In writing at the time of excC'Ul1on of thIS
<br />Deed of Tntst that Interest on the Funds shaH be paid to Borrower. and unless s.uch agreement is made or applicable law
<br />require$. such interest to be paid. Lcnder shall not be reqUired to pay Borrower any iOteresl or earnings on the Fundli. Lender
<br />shaU give to Borrower. without charge, an annual accounttng of the Funds !>.howmg credits and dehits to the Funds ~lnd the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />hv this Deed of Trust.
<br />, ff the amount of the Funds held by Lender. fogether with the future monlhly installments of Funds payahle prior f(l
<br />Ihe due d-alt"S of fa,,", ;ts$"-sme:ntx, in$urancc premiums and ground renU. shall exceed the amount required to pay said taxes.
<br />assessments. insurance premiums and ground fl~nts as they fall due. such excess shall be, at Borr-owers option. either
<br />promptly repaid fo BOrrtlWef or credited to Borrower on monthly inSlallments of Funds. If the amount of the Fund~
<br />held by Lender shan not be sufficient to pay fa'l;e~. a$se~:s.ments, insurance premiums and ground rents as they fall due.
<br />Borrower shalt pay to Lender any amount necessary to make up (he deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof,
<br />Upon payment in full of aU sums secured by thIS Deed of Trus1. Lender shall promptly refund to Borrower any Fund$.
<br />held by lender, If under paragraph 18 hereof the Propeny I~ sold Of the Properly is otherwi~ acquired by Lender~ Lender
<br />shall apply. no later than immediately pnor (0 the sale of the Propcny or its acquisition by Lender, any Funds held by
<br />l.ende:r ilt the lime of application a5 a credit a.gainSct the !.-ums ~cured by thts Deed of Trust.
<br />J. "pplkadon of r.,....1S. Unless applicable I:Jw provi-des otherwise. at! payments received by lender under 1he
<br />Norc and paragrapns I and 2 hereof shalt be applied by Lender first In payment of amounts. payable to Lender by Borrower
<br />under paragraph 2 hereof. then to interest payable on the Note. (hen to the principal of (he Not~. and then to interest and
<br />principal 0-0 any Future Advances.
<br />.. Ch-.s; 1...Ie... Borrower shall pay all fones.. a...sessmCnlS- and other charges. fines ami impositions al1rtbutablc- tn
<br />Ihe Property which may attain a priority over IhlS Deed of Trust. and leasehold payments or ground rents. if any. _in the
<br />mannCT provided under paragraph 2 hereof or. H not paid in such manner, by Borrower making payrnent~ when due. directly
<br />to the payee: thereof. Borrower shall promptly furnish to lender all notices of amOllnl~ due under this parqraph. and,in the
<br />event Borrower shall make payment directly. Borrower :4Ihait promptly furnish to l.ender recclptJ evidencing such payments',
<br />Borrower !hall promptly disc:h~e any Hen whteh has prioffty over thi~ D:-ed of Trust; proVided. that Borrower shall not-he
<br />requtre-d to discharg.e any such hen so long 3S Borrower shall agree: in writing to the payment of the oblig31lon secured ~y
<br />\uch hen to a manner acceptable to Lender. or shalt In good t.:uth contest such hen by, or defend enforcement of stich lien tn,
<br />legal froceedinl1 which opcnle to prevent the enforcement or (he hen or forfeiture of the Property (lr any para thereof.
<br />, n...... IMUf8Ce. Borrower ,hall keep the Improvements now eXlstmg or hereafter erected on the Property insured
<br />agam"'t loss by fire, hazards Included within the term u(:\lended cover~ge-", and !lu\,.h other hazards as_ lender may requI_rc
<br />4tnd 10 such amounts and tor wch penods- a.s Lender may reqUire; prOVIded. that Lender shaH not require that the amount --of
<br />such coverage e1cttd that &mOUnf of coverage: rcqmrcd to pay the -sums secured by Ihis Deed of Tnt5t.
<br />1bt- insu.rance: carrier providing the lfi5urancc :\hall be: c-h~n by Borrower subjeel to approval by tendcr~ provlded-.
<br />tha~ such app""'al sh.1l hOt be unreasonably wi.hheld All premiums on insurance policies sh.1I be paid in .be m.n_
<br />provided UDder. paraarapb 2 bereol or, II no' paId 10 .uch manner, by Borrower makina paymenl, wben due. directly to .be
<br />insurat'tCe ca.r:rier .
<br />AU rnsuliln<< pohcres .nd renew.!! thereof ~MH be m form ai.:cepuble to Lender and sh..n im.:lude a standa_rd mon,ag:e-
<br />dause in favor of and in form acceptabjc to Lender. Lender shall have the nght to hold the policies and renewals thereof.
<br />and Borrowe.- MtatJ promptly furnish to lender all rtnewal notices and aU receipis of paid premlums. In the 'c.vent ,of IO$S.
<br />Borrower sh.U .ive prompt ROllcC t-o the insurance.- carrier aod Lender. Lender mil)' ma.ke proof of loss if nol made promptly-
<br />by Bormwer.
<br />Unless. Lender and Borrower otht'fWliC: agree m \"fIIIOI. miUrance pfoceeds shall be applied to restOralJOn -or -replli.r of
<br />Ihe: Property damaccd. pro\!idcd s.uch restoratton or rCpillr 1\ CX'OI'IOM.c.-ally feasihle and the- sec-urity- of this Deed of Trust_ i~
<br />not thereby tmpalfed. If such restorahon Of repair lji not economkaUy fea~Hble or If the security of this Deed of Tru$t would
<br />be Impaued. the lRsurancc proceeds shall be apphe-d (0 {he- sums sc:cur-cd by this Deed or Trust. with the- e-...ces". if any, paid
<br />to Don-ower. If the Property l-5 abandoned by Dorrower. or if Horrower fads 10 respond to lender within 30 day!\. (rom the
<br />date nO-hcc is mailed by Lender to Borru"'"ct rhat the IJlsura.nce carner otters 10 seuie a datm for ins.urance benetiu. Lender
<br />I~ authoriz.ed to colJ.e.ct and appiy the insurance proceeds at Lender's option tither te restoration or repair of Ihe- Property
<br />or 10 the lums secured by thts ~ of Tnnt.
<br />Unless Lender and Borrower othcrwlK agree m wntlOg, any such application of proceeds 10 principal shall nol extend
<br />Of postpone the due d-alt o{ the monthly inst-illmenu referred 10 in paragraphs- I aod -2 hereof or chanae the amount oJ
<br />such ins.taUmenls. It under par.,rapt) t 8 hereof Ih~ Propeny ,~ acquued by Lender, all right, Iltle and interes_l of Borrower
<br />tn and ((,.any ,"surance pobclcs and In and to the- proceeds thereof re.\uhin-g (rom damage to the-.Property prtor to the sale
<br />or ac.q~~sllloo ':iohaH paS$ to Lenuer 10 the C1l.l1;nl of the: ~um\ !lCcured by lh'j,. Deed of Trust .mmcd,atel)' prior to such sate Or
<br />ac:quwllon.
<br />6. P___.nd M........"" 0( p.........y: lA_holds: Condomi.IDm.: Pla._ UDit Dewe\opllo...., Borrower
<br />,ha.U keep the Propc:rty Ul g.l.'l()(j rcpau' ;in" shalt not yommll "'aste (\t pcnntt unpalrmcnl or dctcriorati(:m of the Property
<br />~utd shaH comply "-Ith the provJS-tom of any lease if thiS Deed of Trusl l~ on a leasehold. If thi~ Deed of Trust is on a unit in a
<br />condominium Of a planned unit development. Borrower shaH perform all of Borrower's ohligalion~ under the declaration
<br />or cove~t$ crealit\' Of governing the condominiUm or planned. unH development. the by~laws and regulalions flf the
<br />condOftUDIUm or planned unlt development. and comtltucnl documenls: , I f a I.~ondominium Of planned Hntt dc"'elop":,cnl
<br />ride-r IS (:;~cculcd b)' Borrower and rccordcti together with Ihls Deeo ot i ruSt. the covenams ,and agr<<,mc:nt~ oi sllch nder
<br />sn.1I be incorporated Into and shall amend and supplef'llenl the covenanh an-t.l agr-cerntnts of thiS Deed of Tru:s.t .i~ If the ruler
<br />were a part be.eol
<br />1. ........ of LeDtlu.s Sftarity. If Borrower Catls. to perform the co...eoants and agrt1:r11l::nt~ conl,lIned in Ihl'"
<br />Deed of Trust. Of I,f any action .Of proceeding is commenced which matcrlally affecls Lender's interest i.n the Property.
<br />mdudtO,. but nol limned to, emmet1l domain. losolvenC}. rode enlQn:ement, or arrangements or proceed-In!, \nvnl\'ln~ ~l
<br />bank.rupt or -decedent. I~n Lender at Lender's option. upon nObc-e 1-0 Borrower, may make such appearancC'!\, dtshur\e such
<br />sum1 .nd take web a\:UQn as is. n<<-essary to protect Lender's mter~t~ mdudmg. hut nor limited to, dlsbur..emcnt 01
<br />r~ble attu-r~Y'5 fees and ~ntry upon ,tbe Property to maKe repairs, If Lender reqtured mo~tga,gc In\ur,an(;c <1\ ;t
<br />~-oft<ht!on. ~ n--~!r4 t~ w::1n :s-ee:u:."'ti! br thz! Deed of ~n..-!!, Bor:cwe~ ~haH par the premiums reqUIred t~~ r!\.:!.n'H~H~ 'ow:h
<br />t~Ut'lnc~ in t-ff<<t unt-d J-uch lime as the feqUtrement for !tuch lfls-uunce terminates In ac-cordao(:(: wllh Borrower\ .:HH..i
<br />l.~l'l written -"JCcement or a;pphcab-Ie law, BOrfO\NC-f !ihaH pay the amount of all mortga,ge ~n'\uram:e premium!. In lh-c
<br />"'anner provKlc<i under pa..g"ph 2 beret.1.
<br />Any .-mounts- di\buned by Lender punuanr h) Ihis paraguph 7. with mltfe!l 1 here-ml , \hafl n('<ome add~tH)f\a!
<br />i:ndcbledf'tCMfJi Born:~wCf :f.e(:ured b~t I_nll Deed of '(r\fit CnIen 80-f'ro~e( and Lender ngr<<, 10 uthcr tel Ill' of "J.'rnle.,.,I, '\w;h
<br />amQU'M5i ~ati be payable upon noHce from Lender to Bor-rower n:que$ltOg payment tht',eoL and ~hall heal lote-re_,' h.\O'1 the
<br />da,tc: or ctiiounemmu.~ tbe- rate payahi<: tnnn time to ,time on ouhtllndme pflnc\p~1 under the N(*~ unleu paymenl (l.f mtcft'\t
<br />I-t ~_h-.t.tt -.'ould- bt: -conuary 1'0 apphc-abJe law, ~n wh,eh e;v-cot Stteh amoont~ :'ihaU tx!ac IOtNt:'\1 at the- hlghe\f rat('
<br />per~bIe -tmder IpPhCAbl.c-law. NothffiJ c-onuuned 10 th->-~ par~lraph 7 jlhaH te-tlUlrc lender to In(ut any C''C;prn'ioC or Ui"C
<br />JUl1 _ he.-o...
<br />... ............ Lender ma.-y m.u.c or C.<i\U'M:! ll;:! tle made teIU\I-oabie- entrl<< upon ilnd lm.pe~h(}n' (If the Pr\''\pefty, 1"r\1\-I~ki.l
<br />that umkr m.U It" Bonower n\}lK<e: pnm to any '1U(;h tn$pel;tu::\fl ,_pecdym, re.;J~onablc C<lU~(' lhtt~tnt r~lat(':d h' t \'rH_k. ...
<br />,n.._ ... lhe 1',_"
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