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<br />84- 002683
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<br />UNIFORM COVENANTS Borrower and Lender coven:..int and agree as follows:
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<br />J. P.yment of Principal anti Inteftst Borrower shall promptly pay when due the principal of and interest on the
<br />!ndeb~ed."1ec.5 ev~denced by the Note, p-repeyment and late charg~ as pwvided in the Note. <iiid the principa} of and inl:erest
<br />on any FlIwre Advances secured by this Deed of Trust.
<br />2. F.1MIs for Tn. .... IMartlllft'. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />10 Lender on the day monthly installments of principal and interest are payable under the Note. until the Note is paid in fuJl.
<br />a Stirn (herein "Funds") equal to one~twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust. aod ground rents on the Property, jf 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 uf as~menis and biBs and reasonabie estimates thereof,
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal ~r
<br />Mate agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes,' ass~~,o:tents~
<br />Insurance premiums and ground rents, Lender may not charge for so holding and applying the Funds, analyzing said-'lIc-count
<br />or verifying and compiling said assessments and hilts, unles" Lender pays Borrower interest on the Funds and applicable-law
<br />perrnjg Lender 10 make such a charge. Borrower and Lender may agree in writing at the time of cx..ecution o( "his
<br />Deed of Trust that interest on the Fund'i 'ihal1 be paid to Borrower. and unless such agreement is made' or appJicabtcf'lI_w
<br />requires sti-Ch interest to he paid, Lender shaH not be required to pay Borrower any interest or earnjn~ _on- the:;Funds~-' Lender
<br />shalt give to Borrower, withoul charge. an annual accounting of the Funds showing credits and debits to ,tbe' _FUA.ds- and:,thc_
<br />pu~ for which each debit [0 the Funds was made. The Funds are pledged as additional security for the IUmI secured
<br />hv this Deed of Trust.
<br />, H the amount of the Funds held by Lender. together with the future monthly installments- of Punds.:payable--prior' to
<br />the due dales of fa.'l(~, a~essme-nts., Insurance premiums a,nd ground rents. ~hall exceed the amount required to_ P8Y,said, taxes_~
<br />assessments, Insurance premiUms and gr~)ul1d rent.'i as they faft due, such excess shall be, at nOfr-o.wer's -O~i:O~f C;~_~~f
<br />promptly re-paid to Borrower or credi1ed 10 Borrower on monthly installments of Fundi, If the amount of the',Funds
<br />held by Lender shalt nor he sufficient 1('1 pay taxes, assess-ments. insurance premiums' and ground rents as they, f-aU'-:-d!JC,;,
<br />Borrower shall pay to Lender any amount necessary 10 male up the deficiency within 30 days from the date ,notice ,.is mai~ed
<br />by Lender to. Bc:-ro~'er requesting paj-w-t:i'it thereof.
<br />Upon payment in fun of all sums 'iccured by this Deed of Trust. Lender shall promptly refund to Borrow-er<any 'Funds
<br />held by Lender, If under ~aragraph 18 hereof the Property I'; ~old or the Property is otherwise acquired by-Lender, lend~r
<br />..hall apply. no later tha!'} Immediately pnor !;,) the 5.:1!e of the Properly or its acquisition by lender. any Funds -held by
<br />Lender at the orne of application 11~ a credit against the sums !<c-cured by thIs Deed of Trust.
<br />J. Applicadon of Paymena. tinles..'l applicable law rrovides otherwise, all payment.~ received by lender. un~r the
<br />Note and paragraphs I an...! 2 hereof shall be apphed hy Lender tirst 10 payment of amounts payable to Leader,by'Borrower
<br />under paragraph 2 herenf. then fl.) ;ntere"t payahle on the Note. then to the principal of the Note, and then to interest and
<br />pnncIpal on any Future Advances
<br />4. Ch.~: l.ie_1IS. Borrower 'ihall p.~y all tuxe<;. 4'i.seSs.menh and L~her charges, fines and impositions attributable to
<br />the Property which may attaIn a pnority over thIs Deed of Trust, and leasehold payments or ground rents, if any._m the
<br />manner prO\f1ded under oaragraph 2 hereof or. If not paid in such manner, by Borrower making payment, when duc~ directly
<br />to the payee (hereot. Borrower s.hall promptly furnl~h to Lender all notices of amounts due under this paragraph, and in the
<br />~~veOl Borrower shaU make paymenl dtrectly. Borrower shall promptly furnish to Lender re-ceiptl evidencing such payments;
<br />Borrower sh311 promptly dIscharge an)- lien I,.\. hlcn hi\~ prlOrlt.... 0\\,'1' ttWi l~ed of Trust; provided. that Borrower shan nOl be
<br />ft'qUlreJ to (h~-hargt' aoy s\Jch lic:" ..." long a... Horn:~wer "ha.!l agree 111 \\nong W (he payment of the obllgation secured by
<br />\u-ch hen In a manner iI(;l;:cptablc {tl I cnder, or "ihalllO good frllth contest S-t..;h hen by. or defend enforcement of such lien -in.
<br />legal pnx~eel..hn(!~ .....h,ch operate h' pn:-ve-nl the l.:'nforCCmenl o-{ the Ja'n or forfeiture of the Property or any part thereof.
<br />S. HazanlIRlm,..tt. Borwwc-r ....hall h"C"p ihe ImpU)\-cment" now e~H;;.{!ng or hereafter erected on fhe Property insured
<br />ilg..aUl~t joss by fire. hazard.... tncluded 't'.lthm the- tern, "'extended coverage", and such other haurds as Len<k::l' may -require
<br />,H1d In $.-\Jch amounts and (or 'illt.:-h peflods as Lender may ,.equue~ prOVIded. ihat Lender sball not require thallhe- amount-.of
<br />\u;.:h i;O\'('n\g~ e_\.L"-ecd thai amounl ,-,f (OV(T-ag~ required 10 (lay th~ $UmS sccured by this Deed of Tru,l,
<br />rhe U'lsut.Uh:t.'" ".dfner pro\,lthng th~ l1l'1.UrafK-(' ..hall he chO'\cn by Borrower :mbjec-l 10 approval by Lender. provided.
<br />lhat such approval shall not he unrea$onahly wnhhdd .AU premtUOl$ on insurance policies shall be paid in the man.,.
<br />ptovlded under paragraph 2 herc~.ot or, It 0..)1 paid In soch manner, by Borrower makinl payment. when due. directly to the
<br />Insurance carner
<br />i\lI lflsuran..:c P(}h-Cli~!l. and n.::newais thcn~-I.)f _dUtil tw If! lorm 4K\.'cp-tab1e t,_) Lender and shall include a standard mortgag~
<br />dau~(' In fa\'t.~r of and in form i1..'o:;eprahle h' Lender I ender sh~li have the nght to hol-d the policies and renewals ther-e6f.
<br />.Iud B.ofWWet ~h-all promptly tu_tnbb Itl LenJer ,Ill f~ne-'o\ill ll<)lice:s anJ .ill re-;,;eipl~ of p-iud premiums. In the- event-of 105$.
<br />Borrower shaH give prOfupl rt(.){h':-C h! [he Insuriin~e ..:arll~f ,ill,,! Lender. LClH-ier rnay make proof of los$ tf not made promptly
<br />hv Borr-owe,r
<br />Uol~" l.ern:kr and BOffll-\4.-<:t dthcrVr.lSoe agr<< HI Io'onhrlg, Hl_\Ui<tll\.t pnn.:ee<h "hall be applied to restoration or repair of
<br />!he Propert> J:lffiiigo::.d, p,\)"'lJ-ed w..:h n.~.-..{..Jr.HI..HI ur lep~tlI /" c..,~\fH.mH'\.-all} feasible and the security of this Deed of Trust is
<br />m,,1t lhereh~' ,mp.ureJ If ')u\"-h re~Writlh.m 01" fepOilr 1_'1> 0,)1 C",;~)jhwli~ally kIDilhle lif d the security of thi~ Deed of Trusl would
<br />he Implilre,J. the H1~Urdnd: pro..:~cd!. ,hdH be applied It) Ihe .\uHh sC',,:ufcd by this Deed of Trust. wdh the e)({.'e-s5., jf any, paid
<br />In Horro'oil;~r If Ihe Prop.:rt}- t" ..bamlonc..l hv Bono-'Wt.'f. uf it lJorlJ..l-~-cr (.Iib IiJ r~~p()nd to Lender within 30 days from the
<br />date lli.'lH.'( " malku by lender t\,) Bot 1"\.I\l\cr {hitt lht" H1SUfUfu:O:: ....Jfnc-r ~)tT~r.. to settle- a claim for insurance benefits~ lender
<br />I" .uuhoflleJ h) ;,,',,-.BCd a.nd appJ} the inM..lIam.::c plV>.:t."C\h al Lcndc.r"s iJpOOn either W rClilOration or repair of the Property
<br />I.'! [{'l the ~unb ~,--urcJ by thn. .l).eeJ of 'I ru,{
<br />Unless. I ('oJer and Borro",'er ~Hhcl'\-!.hC .J.grce In wrtlmg. 011\) ~lh.:h <tp-pIKatll:m ~)l proceeds to prlndpal shall not exlend
<br />i\l' fX~tJ-Xlnc the due oah: oJ! the lIt\Jlllhl~ m!.141Inh.;nt~ ,l:terH.'d \\1 ill p;uagraph~ I and 2 hereof or change the amount of
<br />..u~h IIl~talhnCilb, If under p-;:lragr~ph J", hcrc,H Ii'll: Propcft) I-~ ,J"':\i\HI'l;,~-d hy tender. all right. title and interest of Borrower
<br />1ft anJ to all) In~m.oJ.n...-:c pt)IKl~~ ~nd lI'I .lnJ hI !ht: p"-l\....:_c-J.-. tht~h~~\i rt::t.ultt.ng Irom danla~.1O the Property prlof W the sale
<br />,'I ;t.:.qWMtl-on :\haH rd~ 1<.1 l.endt:r (i) the ~\tcnt ,Ij lhe ~UOl" M:":UII..'-J fly rhl:\ Deed of f'ruSl Hfimedtately pnor to such s.ale or
<br />aC~llJ.Mt1()n
<br />6, Prese:naoon and Maiuttluuh.:c of Proper!). Lra\.e-hokb; ('ondOftltniuurs;; I'l.oued Voit Oevelopnlellt.s. Born.Jwcf
<br />..tull ~(;CP ~ht.' Pnlp("{I~ :n g...lio.~,J f1..'p~:r .olld ...h.d: lhl! ..,'mmd '.\,j:J.h' ,'I p'...:rn,{ imp,Ulillcm t)l J('lcri~lralH,)fl of the Prop~ny
<br />.lnu shall .;ompJy With the provlS-lnm, of an} ie;J.~c If lih~ De-eJ "f Tru:.l I... on a le<t~chuJJ_ If thiS Deed of Trust l~ on a unit in it
<br /><.-<.md0f11tDfUm ~lr ~ p!.UlIU.-J unH dC\-ctopH~n!, BOHO\l"Cf shaH redD! m all \,)1 Borrower's ohligatton~ under the declaration
<br />'-" ..:..n-~aa.nts dc..atmg \..r g\l"C.Hll~g lht: 1.',.}(HiDm;nllWI ~)I pL.J.nneJ WH! de\"e1opnll:nt~ ~he by~law$ ~wd regulation!. of the
<br />,,0ndQmimum 4.\[ planneJ lHIJ[ L\evdopmcnt. ilnd ,-'''-lnstJl~rt"-i!t dn...,wmenh_ If it ~i'fld.onunium 01 planned IIlllt dcvclL~pmcnl
<br />['loer i.... ('\ecutt."li by &Hf..JWer J.IlJ n:-,.:<.'rJeJ !..,g:ethet' >\-l:h lhi'~ De--eJ 01 I ru.:..!" thl.~ ;,;t\veuant.-. dnd agrecrncIlb oi such ride I
<br />..halll"C HK;,lfpf1raln! :!1h' JnJ "hlH o1"lcn-d ,!.'d ".Jpl"k!',cn: !h,,' ~,\\ cr:.:n~, ..i:,,! ..lg,-:t:n~>.;:nb, <.1t thl~ Dc--ed \\1 rrw.:..I\ (f the fh.h.:,
<br />wt:n: ,1 pan hcn~-~)l
<br />7, Protection of I.f:ndt','s Set"uriij, j! l:bi[V.....:l l<td" \,1 pelkTm !'~c ,:u'.cn,Uii\ ;11lJ .t~j'ccm~l\h \.(llllUlllCJ 11-, thh
<br />Deed or TH1Sl, (H If "-fly ;,o.;,;tlun pr\).,;t'c-dillg 1:<. ,-I ,)lllH::-l"t:J -"..hh.h lHiJkrl;dh tJfft;d~ LenJcJ\ Inlcr~l HI the P!"opcrt~.
<br />"h..:!u.cilng.. hut nGt bmllC.d {,. t"nHn~nl d,.In,\,t, 'r\~_'i~t'f!,-.,. _,~.k !.::n! ,';-;.'o.:'nen !. ,'r drr.lngement'. '.~!' FI;J-..:e:C-Jll:g..... ~n'.-;...::h:;ll~ .:
<br />bankrupt Df d'.-c-edenl. !hen 1,.endef ill Lendc-i.' dphd!1 Up'-'fl H"lice 11' Bt~rH'>wt:.'r. lH;l} make- \lh.:h appc.!ran...c':\, dl'\.huhC ';u'.. h
<br />~Ufn.); and tako.: >i}(h ,1i.tlo-n ,1'" r:. "~L-C)~.ar~ 1. PH1l<"'..1 [il't1tkr\ ,rn';:lL~l, m,~hld!ng, "tit ihl! lln:Hh."d to. di"bllf"'l'n;~:lll ,,j
<br />rC-as(~!l;'ihk ,dH0rn~~"" f~ d1Hi t:'ntrj UP~)fl th,-: PnJroot:n! \" n\Jkt. n::p;.l;,,, if 1 ...nder rt;4~jn:d llHlng.i{tl.' HI..tH;lfl\.\~ "'\
<br />~('n-dI~H,,~lI ,_~{ makmg If~ loan ~cmcJ t'J th.~ Dt."t;"J 4Jf In.1:>'(, H-i.'p,.,<,o.cr "h,l!' the r-r~nntHn\ n:YllHI,'t.f Ii) m,l;jll._lir~
<br />1n.~Urllfuy-c Hi effc-ef un'.! $uch time if'; th~ r("ij\.H~fncnl !l}r \u,:h HhllLill,{; ,i-,-...-,Hd,ul,-(' \~ dh B,lf!n....('f.. ,\lId
<br />{cn~r's 't4,;"fIHett agH"C'm-ent Of 3).\p-li.;:..\h-k hi~ R-('nO....1.'"f ~h;1tl pa~ ~he ,j'~-:lluni ,'.( ,ill In\HtgJ~t' ifhurllO...X P!\.'HHUn,.. 111 It1l'
<br />(Hanner pr-..n.-tdcx1 under p.1raF:! <lrh :. heff~'f
<br />:\n-:r ~m~~a-m~ di;;bu:-~d ~'. 1 <:aJu ~l;Y,j....;,; '" i"ht-l.(I:"..q'll
<br />In~!(".~1cd,~ nf '8<.lrr{)w!f'f' ,-('".tlred h IhlS r:H.~-cd nl' Tn"'-' -"llt"'-"''' Uorrnwcr
<br />;J.N'l.{'U_!1H. \han N: p,;tyah!e UP.)11 nnlkc tnnn 1 tmkr :,\ tok>! 'i1'~er
<br />.ht!~ ~)( db.b-:H'Y~nllll the fi-ttC p':iY!ibk rr~)tI1 Hnw t:, lHn~ ,'n
<br />;J{ 'uH.h rate 'A('ut.d he ,"drHrary t.p ,J,pplh'i.hl(- J;:." IP ,,-'h;;, b ,....("fit
<br />~lm~ulhi(' undot"'f ilrr~i"'<1h-h.. 1;)>'\ '~',hlnR "nt,t",J,~,j .!':', P;]'.lW;~Jlh
<br />':U1\" .ll~.'llon htt'l':um.kr
<br />. I, t~, Lt-ndf'f m<\~ rn~).\.~ ,.. ii,"'{- t h: r!, hit- If.cl\" It,ll
<br />l~l i c-&l.ktr ~haJ1 gl\>'~: B.t'lnp~~, "",~~"t' f'f ,'! k'
<br />,nfe-tft-t ~n tbe ~ne--fh:
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<br />,.. 'lh ,hl:it:~'!1 "";-';lii r',-',-"int' ;lIh,!!fh'l\,11
<br />;lnd ll"ndf! .li!.rt;c h.' i,th;;! \,1 l',_nrncll!. \th."
<br />p.,~ nwn:H~:;~.I/~:;~~ ~~~~l;~,;~~i{.\~ l)a~I~\~~I"'l,,~ fl\)l~~ r~-::~'
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<br />84 -, 002tHj;)
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