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<br />002644
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />.I. "YlneRt oj Prillltipai and iniensf. Borrower ~hall promptly pay when due t}-,e principal of and interest on the
<br />mdebtedness evidenced by the Note, prepayment and late charges as provided in the Note. and the principal of and interest
<br />on any Future Advances secured by this Deed of T rllst.
<br />2. Fa'" for T_ .1IlI1-..""e, Subject to applicable law or to a written waiver by Lender, Borrower shall p.y
<br />to Lender on the day monthly installments of principal and interest are payable under the Note. until the Note -is paid in full,
<br />a sum (herein "Funds''') equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust, and ground rents on the Property. if any. plus one~twelfth of yearly premium install~~ents for hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any. ail as reasonabiy estimated initiaily. and from
<br />time to time by Lender on tbe basis of assessments and biUs and reasonable estimates thereof.
<br />The Funds shall be held in an iost.tution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including lender if Lender is such an institution), Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may nol charge for so holding and applying the Funds. analyzing' said account
<br />Of verifying and compiling said 3.SSeS$imenls and bills. unles~ lender pays Borrower interest on ,the Funds and applicablcdaw
<br />permits Lender to make such a charge, Borrower and Lender may agree in wriling at the time of execution ()~ .this
<br />Deed of Trust that interest on the Funds. ..haH be paid to Borrower, and unless such agreement IS made or applicable law
<br />requires such interest to be paid, Lender shall not be required 10 pay Borrower any inte~ or earnin"s" bn..fhe 'Funds. Lender
<br />shall give to Borrower. without charge, an annual accounting of the Funds showing credits..and debIts to the Funds and. the
<br />purpose for which each debit to the Fund..; was made, The Funds are pledged as additional security for the sum secured
<br />by this Deed of Trust,
<br />Jf the amount of the Funds held by Lender. together with the future monthly in."ifallments of Funds payable prior to
<br />the due dales of taxes, asses-sments., Insurance premiums: and ground rents, shall exceed the amount required to pay. said taxes.
<br />as.sessments., insurance premiums and ground rents ~U' they faU due. such excess s.hall he. at Borrower's option. either
<br />promptly repaid to Borrower or credited to- lklrrower on monthly installments of Funds, If the amount of the Funds
<br />held hy Lender shall not he sufficient to pay ra'te", assessmenls, insurance premiums and ground rents as they fall. due.
<br />borrower snau pay to i..enrieT any amOUf)( necessaf)' w make up ,he deficiency Within 30 days f lU.m i}M; didi; i:i,),i"e ki ....Hed
<br />by Lender to Borrower requesting payment lhereoL
<br />Upon paymll;:nt in full of all sums <;ecllred bv thiS Ot-ed of Trus.l, Lender ~hall promptly refund to Borrower any Funds
<br />held by Lender. Jf under ~.agraph is hereof the Property,,> !'iold or !he Property is otherwise acquired by Lender. lender
<br />shall appl)'. no later than lmmeduuely pnor to the sale of lhe Property or its acquisition by Lender, any Funds held by
<br />Lender at tt-.e time of application as .8 credit against [he sums ~ecured by Ihis Deed of Trust.
<br />J. Applicade-A of PaYllleR's, Unless applicable litw pnwlde., otherwise. all payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shall ~ applied n\-' t .ender fir~t lO payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payahle on fhe Note, lhcn 10 the prinCIpal (1( the Note. and then to interest and
<br />pnnclpal on any Future Advances.
<br />4. C~: IMft5. Borrower ..hall p3V all t~ne--\, :l'iSc,sSmenh ;lOd pther i,.'"har~es., fines nnd impositions attributabJe to
<br />the Property which mal;' ;tttam a p-nont'll over thIS Deed Id Trust, and Ica.~ho}d payments or ground rents, if any. in the
<br />manner provided under paragraph 2 hereof (1(, if nO{ paid in s-lIch manne-r, hy Borrower making payment. when due. directly
<br />to the payee thereof Borro-wer "haJj promptly f urms,h to I COlier :lU notICes of amount~ due under this paragraph. and in the
<br />event Borrower &hall make pll.ymen! dlrect!y, Bt'lrrower ..hall promplJ~' turnrsh to I.ender recclplJ evidencing such payments,
<br />Borrower s.haJl prompf!'\' dj!j,char~e an\! hen \.,,~tH-ch has. pnOfl1)' ('ver trm Dce~ ot' TruSt: proVided, that fJ.orrower shaH not be
<br />rcqum:d l(i di~ha.igc ;ilOY '-u..-::h hen \,0 lon~ A" Bormwer ,;hall Oil~fC(' :n \-\-'riun~ fn the- payment of 1he obligat.ion secured by
<br />>"lKh lien 10 a manner a,-ceptabfe tp Lendec !.If ..hall III gllt"Kj faith runlt~~l sw.'h ben by, (\r defend enforcemenr of such hen rn.
<br />Ie-gal proceedlnil! wtuch operate [(" prevr:t"!l the ~nttlrcement t1f ihc hcn nr forfeiture (,r .lhe Property or any part thereof.
<br />S. Haanll~, .Ho-rrower "~.aH keep tht: Hllprm,'cments now e:'usung tH hcrc..1.frer erected on the Property inJured
<br />4..Hn~-l Iou OJ' nre. h-aurds- m-cludc:-d wlthm the !(:'t1n "C"tended I.;\'verag:e", and such other hazards as Lender may require
<br />and In sw:h amount.$ and for '\ouch ren4;~"i "-os I cnder milY rcqUl.re, pn.JVldeo, that Lc:ntier .'haIJ not require that 1M amount of
<br />'\,ud\ cove-rilJt' c:\.c-ee-d th..t <Ut1(){ml iM ~~lV~fag(' n:~ulfc-d h~ pa\' the ~tlm'! ~lXurt'd hy fhlS Deed of Trust.
<br />l1\e lfUUfaO\:(' ,: arnet p-r.;;wu.line the im-uu.ncC' ..h:l-it N: dW"\;.Cfl h}' BornJ\\-'cr subjto-el, to appro.....1 by Lender.: provtdcd.
<br />that such appro'tal ~hilU fl'OJ be l.U1re4$tmahiy Withheld All prenHum~ on Ifi:\umnce p<>hcies shan be fntid in tlie milnoer
<br />ptlo""<<led undu par-arapb 2 hereof or, ~t nol P.IO 111 !lud1- mann~r. b~ liorrower maldn, payment, whe-n duew direCtly to the
<br />InsUra.QCe carnu <
<br />A~1 iflSU{ii-f~~ f.vli~iC~ AOO re,>i>,"a;;; t~rc..)i S.hiiU ~ Hl .arm .....::i,:cp-t...bh:: i,-; f.t"fHk:: and :;;h&11mcludc a. l.Itll-ndard mortl8le~
<br />dause w favO! ot and 10 f~wm M:l.:c:pt,ai)}e to b,'otkt L(.'"ntkr \-haH have (he- rfgh-t to hokt rhe- policit:t and renewal.s. thereof.
<br />~nd 8orrowC'.( ..hiJ.U pn:mlp-dy furntsh Ii) L~ndet .;iU n:UC:W;jJ! rl-l,Jlil:e.. and ;iU re~Ctptli or paul premiums, In the event of Ios..'i.
<br />8orf\)-..et' shall &1-"(' prompt tt:Ofll..'e h~ fhe inSUf,tI}\.'(' I.:unc-r ~'lI)d I ('fide'!". I.ell\.hn mOl)' make proof of loss If not made:prorraptly
<br />b\' Borrow-c:r
<br />, Unk~, Lender au.J BuH('>-'WCJ l).{hc~.~ agree In ~ Hling, ,mUllio..'t;: pro~:et.-d:s !thaI! be apphed t{} restoration or ~repair of
<br />(he PTopeny daJU-ils<-d. pl\h'Jdcd s..u...h restcf.tllon Of H:P,Uf I~ t'~~itwmKaHy I~as-Ib-te attd the secUrllY of rt-us 11eed or TrU$-t is
<br />not tbcce.by ~mP4f-red It \och r<<LOulu)fl \}f r~pilU' !,- r...JI c\:';'f\\llUh.:..Uy k.aSlole Of If Ihe ~et:UHty of Ihis Deed of Trust would
<br />be tmpam::J, the: t1)."lIfli;n;.:~ ph'lol.:--c-em ~*u be apphed hJ the l'll.tH\ ~ei;l.m:d h)' tMs Det~d vt Trust. with the. C:\(::C:S,:$;. if any. pald
<br />h.l 8onG'ner, It the Pl"\lpeft)' 17. .*band~}JlcJ 0)' Bono\,I,',".L \\[ If l-k)HQ~'ef huh. w re~pond (0 Lender withm 30 daY!i from the
<br />dale fiOttcC- i, mailed tw Leru1cf It) BornJ-"""ci that lhe 1Il-1!.t.lfatl(l' ..'afoer (){ft'n. tu $cuJe ~ dalm {or In-~urance benefits. Lender
<br />IS a.Ul00Hzed li...\ ":-njki.:t~ and apply the ms--man.:c pfl),:red.s <l,t Lender'!, option ~Ilher to r~'i-tQraUon or repair of the Property
<br />Of to the- lurn" ~cufed h\' dus. ~J of Tru~l
<br />Unteu l.euJu and Bofh.l\,\'CI otncrwi!i.C agJCt; ifl wnllll&. ,tn; !>u(h iippJi(~aIiOn '-'1 pr()(;~ 10 prUlC1pal ~haU not extend
<br />,1f ~'pon(: lhe due- J.llC nt tbe::: munthly m~taIlfneUh retcHed 10 If) pitragra-ptu I and 2 here-OI or ch~nge the amount ot
<br />,,"u;;;h Inst.aUmem:'io-. It under p.tl'agraph ! ~ nele,Jf the Prv(X"rt)' 1.. .a~l.Julifcd h} l.c-nder. all fight, tuh: and H1tere~\t of llorrnwcr
<br />In and t..,-~n} insuuu.;c POJ.U.:-ifi anJ 111 .wd to. dl-e pf(~'eeds- the.teot fe.'\ulung lrom dal.niigtlw tbe.Pn)pcrt}' prior to the ~.alc
<br />or acqUl!ltlOfi ~h~11 pil:ti.1. h) Lend~r fl..l the t':\tcut t:'rl lhe 1>Ultl~ M:'Curcd b) lhl:\, f)c-ed of Tru"'t Immediately pnor to ~uch sale Of
<br />acquisition.
<br />" ....nMioa ad ~_ 01 ....."'(1)'; l.......hoId" Condon..,"um>; Pl...ned lin;t O".dop_u. 8orro",,,
<br />...h.lH keep lbe Prupen} In g'Ll<",J rep41T .wd ..ball nul ,:oHlHll! 'A<iiolt: \'1 p(;fl't'h{ to\pairmcn: i..H -lktcej\.ratinn of the Property
<br />.:tnd shan compl); with the: pro\'is.ior-~ of ;my t(!a.~ if thiS Deed ('of TJll-;1 is un a k~\ehold. H this Deed of Trust is on a unit in ~l
<br />..:.ondomimum or a p1An~ uol! dt.wcloptllC:nt, Irorrowe-f $haU petlonn aU of Borro\.\'er'~ obligaHons under the- declaration
<br />or i,Xwenan,b aunng 01' gQ~<C-fnlO8 the ~o-n-uomin~ul1l t~; planned HOU development, the by.ta--w~ <lnu re-gulati(ln~ of the
<br />c~"ldo.mini\lm Of planned unH develop-men!, ;md ...-:onuituen! d,x:umcnl.". , If ~ <.:{)rl1j~l-rnl,~ium or planned unit deH,:lopmcllt
<br />oder l\ e.1uxuted h~ Bol'rower and I'cconkxJ !>:lgether v. .Ill Ihn fke-d l,-,r r rUS1, the ,,:oVt;aanb and agreell1~nh o[ such ndei
<br />sluH he IOcOfJX.-lrkteJ into and ~hall amend .HHi ~upp!~n;C1l1 the \.'~l\'~n~Hlh ~nJ <lgrccmenls ~lf lhi:i l)e(od of Tr\:f~t !l'\ jf the ndcl
<br />wcore d pan heret'"lf
<br />7~ ProImio..!f l~odet's Se<urit). fl lknwwer fa;/-s \0 perform the ((i\--cnaPb .wJ agrcc.mt:flb dHU.UOCU In !ht~
<br />Deed of lnut. or 11 any acti.on or proce(~!ng I$. ";VH1mcm,::ed WhlCh m;,uc.r:all} affe':b L-endcf'5 H'Her~l In d\e Propert}'.
<br />ift(ludi~ hut aul hm1.ted to, emiocO! do-m-am, wsulvt:nq. ..vd~ enf(lfcer.nent. \1-1 afrang~lllenb 01 pf(X~din~. invohi.ng :i
<br />ba.nlrupt or decedent. then Lender at J.cnde-,r\ l)pUon. upon notl\;~ 10 ROfll.'Iwcr. ma) !flake Slt\;h aPl)C;,r<tl"h.:l"~, ih'!l.hui'i.(" s-H...-n
<br />\u-mj and lake !-uch act-ion aj is n<<'e~tlry h~ pn.J.hxt l.e-nder\, !lHer~t, ;ndudlllg, hi.lt nc.{ hrnitt.,'d h\ (.h'.thur~e!llCnl d
<br />r~nahle-- attorney'; f-ees and entry upon 1~ Property 10 nuke repJ,lr... If l.t-oJcr require__tl ftHlI1g.ag.( IO'UI<tn....(' ,J' .1
<br />"onditkm of making the: lvao seemed b)' uw. ().ec-d of T('u~l, Born:w.l:t ",h:J;1l P;.l~ the premium) required to rll;Hnl,JH1 ,>u..:n
<br />iO$uratlc4; in effect until sueh tirnt' itS the- requirement h,lf '!>uch Itlb:Ur.ph.:C t(Hni[1atc~ !t1 iKi..-flruanc(' With R~m-n'w\.'l'!:o ,lOti
<br />tC'~.-s wt~lt~n a'f-<<-1nent or .p'pHc-ahie la"' Borrower "h."1 pal the amount pi all Ilh:;;rtg;l\gr im.urane('- prl;"fnitlHh in 1h't'
<br />ma1'l_ ptOvlde4 ....der p.araltro"" 2 here,'f
<br />.An)' Jl~nou:nt! ~rsed b} Le-nd~r pur"l-u.,tnt to thl.l" N\rag:raph "7, .... ilh ,me-reM lhef'Con__ ,,-hall h-c(ornt:' ,lddlll!,'ni,1l
<br />lOOebttdne:l$ of Bcrrowtr1ietured by tht-s f).e(ott (lfTl1,ffit trnless 8orro'~"er and l.end!.'f a8:t~ h-; ofhcl ktHl..,\f 1'1ilin1OCtll, ~\.l\.:!1
<br />amotuit, than be payablo- upon fllltice ttorn Lendef t-o- Borrowet tcqu~tina r~lynwnl thereof. and ~h;iH bCii;,f i"h:'r~f;! fron; lire
<br />dlr" ot 6bur.n'\<<mt ". tbt nte ptl)'abte troru lime- t<... .time on f\UI\-tilt'Hlifl$, pno(lpal under the 't.\!C unt-m!i!> p'aymt.'nf \)f itttereil
<br />j,t such tlte: WOttld ht cMtraf)' to- ,ppll,.fthle taw. H\ \~'hi;::h t'\'t-rl! ltneh amr'ltmt~ "haJJ ~M ,n!-eftl,t ;:tJ the hJght..~~t li~t(___
<br />pcrmta,ibtr. undc:r appU(:~l~e fa'" ~od\ing J;ontaincd In lfut.. par,tgrl1lph , ,<,t\..iO il'qllJrt' 1 \'"rhJer !(' Ifll,'U-r :,,1\ '~'pt'n!,ie ,"'r liJk:t.
<br />.ny l\:tl(In hc~4et,
<br />.. . ~,~ I~r may m~-kt' or ~iiU~ to bot' mlkUc fta,~PfHlbk \'1:~ne\' "f'-\"1 ,ifhl iw,p('"h1-ln (>1 ,ttw Plq:~,'n,!-, 1'("\ Hk,'~
<br />lb-lt!' t.~ iUff Ih'e 8c~Ter o-otK"t" pnm t:n a.nj' '\lueh Ifllpt."i,;ti(Hl 'f~~:lfymg ~'A!<,m,i~h-k ','lHiY thet~"h"r :dtih"i! \,\ I o:n..kl \
<br />,nlef1Oal III ihe. ~~
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<br />84- OU2644
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