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<br />84 -- 002911
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<br />UNIFOJllM CovENANTS. Borrower and Lender covenant and agree as foUows:
<br />,I. ~ of PriIlCipoll .... 1_. Borrower shall promptly pay when due the principal of and interest on the
<br />mdebtedness evidenced by the Note. prepayment and late charges as provided in the NOle, and the principal of and interest
<br />on any Future Advances secured by this Deed of Trust.
<br />Z. ..... for T... ... 1-.. Subject to applicable law or to a written waiver by Lender, IIi>!'rower .ball pay
<br />10 Lender on the day monthly installments of principal and interest are payable under the Note, until the NOle,"cpaid.in full,
<br />a sum (herein "Funds") equal 10 one-twelfth of the yearly taxes and assessments which IIll!Y attain priority overthi.
<br />Deed of Trust, and ground rentil on the Property, if any. plus one-twelfth of yearly premil!m installmenb'for hawdinsu..-.
<br />plus one-twelfth of yearly premium installments for mortpge insurance, if any, all as reasonably estimated initially andfrorn
<br />lime to time by Lender on the basis of assessments and bills and reasonable estimates thereof, c 'c'" , .
<br />The Funds sban be beld in an institution the deposits or accounts of which are insuredor,luara.,teed by a.f! cor
<br />state agency (including Lender if tender is such an institution), Lender shall apply tbe Funds to pay .ajdt~ ~i
<br />insurance premiums and ground renls, Lender may not charge for SO holding and applying the Funds;,analY t;'
<br />or verifying and compiling said ......ments and bills, unless tender pays Borrower interest on the Funds a w
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing, at the. tinle-:,of,
<br />Deed of Trust that inte""" on the Funds shall be paid to Borrower, and unless such aareemenl is'lIll!de
<br />requires such interest to he paid. Lender shall not be required to pay Borrower any ihterest_or-__,~rlIin..co~'
<br />shall give to Borrower. without charge. an annual accounting of the Funds showing- credits- aml debl" -to~;
<br />purpooe for whieh each debit to the Funds was made, The Funds are pledged as additional -nrirY for
<br />by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the fu~ure monthly installments of"Fimds",paY.~~,lo,
<br />the due dates of taxes, a.uessments., insurance premiums and ground rents. shall exceed the :amount ~~~;t-o- ,. ".
<br />assessments, insurance premiums and ground rents as they faU due, such excess shalJ be, at BO~~'S
<br />promptly repaid to Borrower or credired to Borrower on monthly :nstaUments of Fundi:. If the ~iJ~--
<br />held by Lender shall nol be sufficient 10 pay taxes, assessments. insurance premiu_ and ground'rents::;1S'4~;Jli
<br />Borrower shall pay to Lender any amount neees.'ary to make up the deficiency within 30 days flOm thedate,noticec~:c"',,~
<br />by Lender 10 Borrower requesting payment thereof, , ,,', " ",: '""',c"",
<br />Upon payment in rull of all sums secured by IhlS Deed of Trust, Lender shall promptly refund tOBQrro~ranYI'Uil"'"
<br />held by Lender, If under paragraph 18 hereor the Property is sold or Ihe Property is otherwise acquired by~r;.I.e~'"
<br />,hall apply, no later than immediately prior 10 Ihe sale of the Property or its acquisition by Lender, anyFuIld$ held'\i)';
<br />Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3, A"uc-. of ~... Unless applicable law provides otherwise, all payments ~ved by lender u....ttlie
<br />Note and paragra~h' I and 2 hereof shall be applied by Lender first in payment or amounls payable to Londerby'Bo~,
<br />under paragraph... hereof, then to interest payable on the Note. then to the principal of the Note. and .then -to interest::'ancl:-
<br />principai on any Furore Advances
<br />4. O...n; Lie-.. Borrower I1haU pay all taxes, as.'\essments and other charges. fines and impositions auribut_ahle, '0
<br />the Property which may attain a priority over this Deed or Trust, and leasehold paymenla or ground _IS, if any, ia tII\l
<br />manner provided under paragraph 2 hereof or. if nor paid in such man~r, by Borrower making p.yment~ when due.. di~y-
<br />to the payee thereof. Borrower shp~; promptly furnish to Lender aU notices of amounts due under this parqraph.. anelc-in the
<br />event Borrower shall make payrnenl directly, Borrower shaJI promptly furnish to Lender receipts evidencin. sUch ~~~
<br />Borrower shall promptly dischar-Jc any lien which has priority over this. Deed of Trust~ provided. that &rrower shall not: be'
<br />requited to discharge any such hen so long a.'i Borrower shaH agree in writing to the payment of the obligatioo_securcd.',by_-
<br />such hen 10 a manner acceplable 10 Lender, or shaH in good faith contes.t such lien by, or defend enforce~nt of suc::b 1~~J".
<br />legal proceedings which operate to prevent tbe enforcement or lhe lien or rorfeilure of the Property or aay par,' I, he,',reo, ", ',',:
<br />5, H~ 1---. Borrower ,hall keep Ihe Improvements now eXIsting or hereafter ereeled on the Prope~insuled'
<br />against Joss by fire. hazards included within the term "'extended coverage", and such other hazards as Lender may, reCN;re
<br />and 1fi such amounts and for such penods as Lender may require~ provided, that lender shall not require that- the amount of
<br />'(uch coverage exceed that amount of coverage required to pay fhe sums secured by this. Deed of Trust.
<br />The insun.nc-c c.arrier pro\'ldiog the insurance shall be chosen by Borrower subject to approval by Lc:nder~ provided,
<br />that such approval shall not be- unreasonably withheld. All premiums on insurance policies shall be paid in the manner
<br />provided under paragraph 2 hereof or, if not paid in soch manner, hy Borrower making payment, when due. direetly 10 the
<br />insurance camer.
<br />.""11 Insurance pohcies and renewals thereot shall be In iorm acceptable to Lender and shall include a standard mortga,e
<br />clause in favor of and in form acceptable to Lender_ Lender shall have the fight to hold the policies and renewals thefeof.
<br />a.nd Borro-wer shall pn..m1ptly furnish to Lender aU renewal notices and aU receipts of paid premiums. In the event of loss,
<br />Borrower shan gIVe prompt notICe to the Insurance carner ;tnd Lender. Lender may make proof of loss if not made promptly
<br />by Borrower.
<br />Unless Lender and 8or~wer otherWise agree in wfllIng, ll\s.urance procee~s shall be appHed to restoration or repair of
<br />the Property damaged. prOVIded such restoratj(lfl Of repalf' I" economically feaSible and the security of this Deed of Trust ~~
<br />no! !hereby ~mp::;rro. !! x~ch re~!cr:l!!(m e~ !""ep~H ~~ no! ec'0nemk;!.Hy feesib!e or !f the s!:curity of t!1i!t Deed of Tn.!!l wCou!d
<br />be tmpalred, the insurance proc"eCds s.hall be apphed to the sums secured by this Deed of Trust., with rhe eXces.~. if any. paid
<br />to Borrower. If the Properry is abandoneu by Borrower. or it Borrower fails to respond to lender within 30 days from the
<br />date notu;:e is mailed by Lender to Borrower Ihat the IOsurance l;arner otfers to settle a claim for insurance benefits.. lender
<br />IS authorized to coUeet and apply the insuranl;c proceeds at I.ender's option either to re.'itoration or repair of the Property
<br />or to the sums secured by this Deed of Trust.
<br />Unless Lender a.nd Born.'lwcr otherwise agree m writing, .my such application of proceeds to principal shall not extend
<br />or postpone the due \laIe of the monthly installments referred to In paragraphs 1 and 2 hereof or change the amount of
<br />such installments. If under ~ragraph I S hereof the Propeny is acquired .by Lender, all right. title and interest of Borrower
<br />10 and to any Insurance poliCies and III and to the prOl:eeds thereot resUltlOg from damage to the Property prior to the sale
<br />or ll..:-qutsition shall pass to Lender to the e"'-tenl at' the sums secured hy this Deed of Trust immediately prior to such sale or
<br />acquisition.
<br />6. "'-nadon alld MaIoIlen...... of Property; Le_holds; Condominlu....; Plan_ Unit Den~, Borrower
<br />,hall keep the Pn.lpeny In gOl)d repair <1nd ...hall nut ,,;omnlfl v,.aste \11 permn ImpiHfffienl Of t.Jcterit,rauon of Ihe f)ropcrty
<br />and s.hall comply with lhe pro\'lStO-ns of .any lease If thl~ Deed of Tru~t IS on a leasehold. If this Deed of Trus.t is on a unit in a
<br />condominium or a planned unit development, Borrower shaH pedorm i.ll! of Borrower's obligations under the declaratIOn
<br />or covenants creating or governing the- condommium or planned unit development, the by~laws ilnd regulatlons {If the
<br />condominium or planned umt development, and constftuent documents. If a condominium or planned unit development
<br />rider IS executed by Borrower and recorded together wllh thl~ Deed 01 Trust. the covenants and agreements ot ~uch fldcl
<br />shaH be: incorporated into and shaU amend and s-upplemem the (."(Wenanh ",oJ agreements of this Deed nt Trll~l as If the ndC"r
<br />were a part bereof.
<br />7. ~ of Le~..~. Se<-urity. If Borrower fad!> ro perform the covenants and agreements l.-o-nlatned in thb
<br />Deed of Trust~ or If any action or proceedmg is commenced which materially alfee-ts l....ender-\ interest 10 the Proper1Y,
<br />mduding. but not hm.ted to, eminel\l domain. lru.oivency, code enforcement. or arrangements or prl.x:eedlOg:s Involving ;1
<br />bankrupt or decedent. then Lender at Lender's option. upon notice 10 Borrower, may make such appearances, dishurse ~u\.:h
<br />sums and take- such action as IS necessary to pf('lle<:~ f .:r\ inteft'sl, ltldlldlOg. hut nOI hmitelJ 10, df.~hufscment uf
<br />reasonable attorney's fees and entry upon the P ,_,., !n make rt'palf:io If Lemler requIred mortgage Itls-urance ;1\ i.l
<br />condition of making the loan :secured hy thiS j)eed of Trust. Borrower ,hodl pay (he ptcmlUllb re4tllICd to mamtam ",ueh
<br />IOsura.nce in effect until such tirr.e as the: reqUIrement for su~h lft!tumncc lermlOatt'-,. In ilC".llfdancc WIth Borrower\ and
<br />l.~nder'5- written 4&reemcnt or appbcabte lllw Borrower shall Pi)! lhe amOllnl (ll ~n ml.lrtg8Sc ins.uran~'c premiul1l~ ill tht"
<br />manner provided under paraar.ph 2 hereof
<br />Any amountl di$buned by Lender pun\k"lot to (hiS paragraph 7, wllh lllterc-.\t thereon. ~h~lll ncclHlle adJitlomtl
<br />indebtedncu of Borrower ~uwd by this [ked ()( Trusl Unh:~s. Borrowel and lender ;~gree "1 (ltner Icrm\ 01 paYll1eo(, ~uch
<br />amounb Jball be payable upon notu,.-e from Lender to IJ-(l-nowcr requel;tHlg payment thereof. i.Hld shall hear mter~l from the
<br />title of ditbul'IC-ment at the rate payable f-rom cimc 10 time n-o (mt~t.llndmg prl11clpallJnde:r Ihe Nllle- unles-s paYOlenl (lJ inlCfe!r.l
<br />at :lUch r.te would be l;ontrary to applicable law. tn whu.:h evenl '\ul.."h amount~ ,>h~lll heat Hlleft"il ~'l Ihe t-"lI~ht's{ I ah.'
<br />pu-milaibk? unde,. ap-phc-abic- hiw, N-othmg. conUllned Hl rhl\ paragraph 7 ,'n",!l re-qUHi' Lender 10 1O-l~Uf iHI\" (',penSe (\r take
<br />any """011 boteunder.
<br />.. I~ tC':nder may make ",}f I...un,(' W ~ H.ade ftllSofHUl-blt' "C'Hnc'!< ilp..:m and m"pC'C1!005 oi _the- lfn'PC"rfy,-(wO"'fdt'd
<br />thai l~ "hal1IJ'tCl Borrower nohi.'(' pfhJf to an} \uch IO-Sfl"lXIIOI1 :-.peClfYH1g rc./!sPIMhle dJU~ tne-rch\r relaled kl r t'1l<h,H-"
<br />""e... in tbe PlUNf!Y
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