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<br />UNIFORM COVENANTS. Borrower and lender L'Qvenanl and agree as follows: B4 -. 002441
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<br />l. P.y~nt of Principal and Interest. Borrower shall promptly pay when due- tlie pnncipal of and interest on the
<br />Indebtedness evidenced by the Note. prepayment and late charges as provided In the Note. and the principal of and interest
<br />on any Future /\dvances secured by thIs Deed of Trust
<br />2. Fuads for TUM .1Id InsuJ1IlKe. Subject to applicable la..... or to a written waiver by Lender. Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest arc payable. under the Note, until the Note is paid in full.
<br />a Slim (he-rein .'Fund....] eqHal f(' on-("-!w("tfth {)f the yearly !:n_es Jnd Jssessments. ""hich may attain priority vvtf '-his
<br />Deed of Trust, and ground rents on the Property, If any. plus (me-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 bv Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held In an Institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />stale agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said tax.es. as.sessments.
<br />Insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds. analyzing said account
<br />or verifying and compiling s.ald assessments and bills. unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make s.uch a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires slIch Inferest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />o;hall give iO Borrower. without charge, an annual accmmtlng of the Fund!'> showIOg credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds arc pledged as additional security for the sums secured
<br />by 'hiS Deed or Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of'Funds payable prior to
<br />the due dates of ta,~es. assessments. insurance premiums and ground rents. shall exceed the amount required to pay said taxes,
<br />Jssessments. insurance premiums and ground rcnt;,- a~ ihd"Y filll Jue. :'louch excess shall be. at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on mon(hly installmenrs of Funds. If the amount of the Funds
<br />held by Lender ~hall not be sufficlcnt 10 pay taxes, assessments. insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount nccessary to make up the 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 Trust, Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereot !he Property IS !Ooid or the Property is o!herwisc acquired by Lender. Lender
<br />shaH apply. no later than immediately pnor to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender at the rime of application a..<; a credit against the sums secured by this Deed of Trust.
<br />J. Application of Payments. Unless applicable law provides otherwise. all payments received by lender under the
<br />Note and paragraphs I and 2 hereof shall he applied by Lender tirs.t in payment of amounts payable to lender by Borrower
<br />under paragraph 2 hereof. then to interes.t payable on the Note. !hen to the principal of the Note. and then to interest- and
<br />principal on any Future Advances
<br />4. Cbal'lrs. Urns. Borrower shaH pay all taxes. a.:;sessments and other charges, fines and impositions attributable, to
<br />the Property which may attain a priority over this Deed of Trust. and leasehold payments or ground rents. jf any, in the,'
<br />man~r provided unMr paragraph 2 hereof or. if not paid in such manner. by Borrower making payment. wheD,due._di~tly
<br />to the payee thereof. Borrower shall promptly furnish 10 Lender all notices of amounts due under this paragraph, and 'j~-thc
<br />event Borrower shall make, payment directly. Borrower shalf promptly f lIrnish to Lender receipts evidencing slIch, pay~ts~'
<br />Borrower shall promptly discharge any lien whu:h has pnority over this Oc-d of Trust; provided, that Borrower shall nQt-be
<br />reqUired to discharge any such lien so long a~ Borrower shall agree in writing to the payment of the obligation securec;t' by
<br />such lien In a, manner acceptable to Lender. or shall. in good faith conteSt such hen by. or defend enforcement of suc")i~n' in~
<br />legal proceedtngs which operate to prevent the entorcement of the lien or forfeiture of the Property or any part ~~f.
<br />S. Huard Insuraacr. Borrower "ihall keep the Improvements now eXlstmg or hereafter erected on rhe Propert)' insured
<br />againsr loss by fire. hazards mcluded within the term "extended coverage", and sud; other hazards as lender may.tequire'c
<br />and In such amounts and for such penods a~ Lcndermay reqwre: provided. that Lendershall not require tnat the,amoult~,.~,C-~"
<br />such coverage e.ll.ceed that amount of coverage: requtfed to pay the sums secured by this Deed of Tnlst. , '''' ,'_ , , :"~:>':',"
<br />The insurance carrier provi'iing the insurance shall be chosen by Borrower subject to approval, by Lend~r-t ,pr,OY,dI''ij\_,
<br />that .uch approval shall not he unreasonably withheld. All premiums on insurance policies .hall hep.id inthe'~:'
<br />provided under para.....pb 2 hereof or, ,f not paid in such manner, by BOrTower making payment. when due, ditlldly,:,o:the'
<br />insurance carrier.
<br />All msurancc pohcie~ and renewals there-of shaU he in form acceptable (0 Lender and shaU include a st.a~anl__ mq~',~~:~' .
<br />clause in favor of and in torm ol'ceplable to Lender. lender shaU have the right to hold the policies aOO, ren~y-/a"-,-~l~;
<br />and Borrower sh.u) promptly furnish to Lender all renewal OQtil..'es and all receipts of paid premiums. In, the '~,v~n(of'~.~~.,_'
<br />Borrower shall give prompt nohce 10 the Insurance carn-cr and Lender, Lender may make proof of loss- if not made"p~P;lly,c,__~
<br />bv Borrower, - .
<br />- Unless Lender and Borrower lltherwl!~e agree in \o\-rillO.&, msuraoce proceeds shall be applied lO,(<-sto:ra:t.ioll"Of, t'Cl~..i~'~~,;, ,.
<br />lhe Property damaged. provided such restoratIOn or repair t-\- cconoffilcaUy .feasible and the security of tblS:<~'Of-"T't~,'..:js:,,~:,--;-
<br />not thereby In\pa!red, If such restoratiOn or repair IS nut cconQmicaHy feastble or if the security of this- ,Dc~(t~fTrt~5-r-,~'~ld',__,c'
<br />he lmpai",d. the ,n.ural",e proceed. .hall he applied to the sums '''''ured hy this Deed of Trust,wilhlbeexcelis.,ifan)',p.,id"
<br />to Borrower. If the Property IS abandoned by Borrower. or if Borrower fails to respond to Lender withill:30':cf~ys,,(~~~,....
<br />~ate nohce is mailed by lender to Borro\'l.er that the Insurance carrier offers to settle a claim for- in.s\lrance"bc~~;.-:.,~,~(,
<br />IS authonzed (0 collect and apply the insurance prO\..--eeds al Lender's option either ,to teStorati,on or repair--of- t~,o::~r~-y:~::,;
<br />or to the sums secured by thiS Deed of Trust. , , , " "," ':"_' '''''' ::' _ '
<br />Unless Lender and Borrower otherwise agree In writing, any such apphcation of pr~s-, to ptinc,ipaJ.'sha~.-,--nQ~' '
<br />or postpone the due date of the monthly install men's referred '0 in paragraphs I and 2 heNOr or ch......., ~:.a
<br />such installments, If under paragraph I S hereof the Propeny IS acquired by Lender. all rip-I, tlUea,nd .inle~;()(,
<br />'n and to any ,"surance policies and In and 'n the pro.:ecds Ihereof resulting from dama~ to tbe Properly.""io(lothe.sa,~..
<br />or acqUISition shall pass 10 Lender to the c."enl of the .ums secured by Ihis Deed of Trust immediately prior tosuc:hsale,:or
<br />acquisition.
<br />6. .........atio....d M_._e of Property; Leoseholdo; COIIdotnIIolums; ......... V.1t D.nlo....... 8orrower
<br />..hall ke(:p [he Property In gOt)d repair ~nd shall IH.H comrmt was.te or pcnlltt impairment or deterioration, of' the ,Prpperty
<br />Jnd sbal.1 ~omply with the prov,_sions of any least If this Deed of Trust is on a leasehold, If this Deed of Trust is,on a unit,~n,:a'
<br />.:ondoffiwiUfll 01 .. pianned umt de'veiopmellt, Borrower shafl pedorm all of Borrower's obliaations under .he',deelar,atio~
<br />or covenants creating or g\.wernmg the condominium, or planned unit devclopment. the by.law$ and reautations ,.of' tile
<br />condominium or planned una development, and constituent documents. If a condominium or planned unit developrne:r;u
<br />Hder IS ex.ecuted by Borrower and recorded together with thiS Deed of Trust. the covenants and agreements of such rider
<br />shall be incorporated into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider
<br />were a part hereof.
<br />7. Pretedio. of t.eilde'r"s Securicy. If Borrower falls 10 perform the covenants and agreements contained: in this
<br />Deed of Trust. or if ~n}" action .or proceeding is commenced which materially affects Lender's interest in the PtoJ;'Crty.
<br />Including. but not limited to, emmenl domalO. insolvency. code enforcement. or arranFmenb: or proc~inp involVing '8
<br />haokrupt or de-cedem, 'hen Lender ;It Lender's uptiun. Upvil nvl;~-e iv- Borrowcr, may mak.e such appe{lrances-. disburse such
<br />sums and tale su,h action as IS necessary to prolect Lender's interest. including. but not limited to. disbursement of
<br />reasonable anor~y's fees and cntry upon. the Properly 1(\ make repairs. If ~ender required mortg.ae ,ns-urllilce 3S a
<br />condition of makmg the toan s~cured by thIS Deed of Tru~t. Borrower shall pa)' the premiums required to maint~n sucb
<br />losura.rn:-e in effect unlil such Ume as the requ,reme-nt tor such insurance terminates in accordance wilh Bonower's and
<br />Lenders wriUtn agreemenl or applicable la'W _ Borrower shall pay the <tmount of all mortgage insurance premiums in the
<br />manllCf provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender ptRSuant to thi.s paragraph 7, with Interest there1,)u. shall become additional
<br />tndebtedncss of 80rruwer secured by IhlS Deed of "rust, Unless Borrower and l.ender agree to other terms of payment, such
<br />aR\Ounl$ s.hall be payable upon ootl<:e from Lender to Borrower requesling payment ther~lr. :md shall bear int.erest from t.he
<br />date of disbuoement at the rate payable from lime to time ou outstanding principal under Ihe: Note Imless pa)'meol of intcrest
<br />at weh rate 'W9u1d be_ ...~\.mtury to ap~h(;able law, in whic,h event ..uch amO\lOts, shalt bear interest at th~ highe-'\t rate
<br />permiuible under apphcab-Ie law NQlhlng nmuunC'u In lill,) paragraph 7 ~hail requHe Lender ro Incur any expense or take
<br />lU\)' action be.reunder <
<br />... 1..,<<Uo~ tender may make Of "':"'UK 10 Cae made fC.3$(~nablc crHfn:!'!> upon and tn'!'ipecuonrs o(..Jl\e. I:'.{QIf~.."roytd<<J
<br />that lcntkt sh-aH gJVe Burrower notll..:e pnOf tQ any ~U(h IOtopectlon ).l"C'-lt)'lOg reasonJlble cause thert!foi 'rtlat.. lo-"a~rnder's
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<br />002441
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