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<br />003283
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />,I. Paymeat of PrindpalllJltl ..._, Borrower shall promplly pay when due lbe principal of and interest on Ihe
<br />indehtedness evidenced by Ihe Note, prepayment and lale .harges as provided in Ihe Note, and Ihe principal or and'inleresl
<br />on any Future Advances secured by this Deed of Trust.
<br />2. .........for T_..... IRIIII'llII<<. Subjecllo applicable law or 10 a written waivetby Lender. Borrower ihall'pay
<br />10 Lender on Ihe daymnnlhly installmenls or principal and interest are payable underlhe Note; until the Noteis paid in ftilt
<br />a sum (herein "Funds") equal to one~twelfth of the yearly taxes and assa~ents which may attain- pri_oritY, 'over: this
<br />Deed of Trust. and ground rents on the Property, if any, pJus-one-twelfth of yearly premium instaUments for hazard insurance.
<br />pi... one-twelfth or yearly premium installments for mortgage insurance, if any, alias reasonably eslimated initially and 'from
<br />lime 10 time by Lender on the basis or assessmenls and bills and reasonable estitnatesthereof,
<br />The Funds shan be held in an institution the deposits Of_accounts oi which are insured of_guaranteed by a -Fc:~eral:or
<br />state agency (including I",nder ir lender is such an institution), Lender shall apply Ihe Funds 10 pay .aid lUes, asses$men!S,
<br />insurance premiums and ground rents. Lender may nor charge for so holding and applying the Funds, analyzing':sai4 _~ccount
<br />or verifying and compiling .said assessments and bills, unles.'\ lender pays Borrower interest_ on the Funds and applicable,law
<br />permits Lender to make such a charge. Borrower and lender may agree in writing at the time of execution.- of,' lI1-i~-
<br />Deed of Trust that interest on the Funds shan be, paid to Borrower, and unles.ili such agreement -is, made or applicabl(daw
<br />requires s\lch interest to be-paid, Lender shall-not be required to pay Borrower 'any interest or earnings-on. the 'Funds~ ",.I..ender-
<br />shall give to Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Fun4s, and- the
<br />purpose for which each debit 10 the Funds was made, The Funds are pledged as additional security for Ibesoms secured
<br />by Ihis Deed of Trust,
<br />If tbe amOUnt or Ihe Funds held by Lender, logether with the rulure monthly installments or Funds payable prior to
<br />the due dates; ot taxe'i, asseurnents. insurance premiums :ind ground rents.. shaJl exceed the amount required to pay said taxes,
<br />assessments. insurance premiums and ground rents ;lS they (aU due, ~uch excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower 'un monthly instanments of Funds. If the amount of. the F:unds
<br />held hy Lender shall not he ~uffl-cient 10 pay tax~< as..~menrs. insurance premiums and ground rents as, --they- -fall :due.
<br />Borrower shall pa)' to Lender any amounl neces..'3ry fa make up the deficiency within 30 days from-the date notic_e is mailed
<br />by Lender to Borrower requeoting payment thereof,
<br />Upon payment in full of aU sums secured by this De~d of Trust. Lender shall promptly refund to Borrower__any Funds
<br />held by Lender. If under paragraph 18 h~reof lhe Property is sold or the Property is otherwise acquired by Lender,_ Lender
<br />shall apply, no later than immediately pnor to the, sale of the Propeny or irs: acquisition by Lender, any Funds held by
<br />Lender at the time of application as a credit against lhe sum~ secured b)' this Deed of TrusL
<br />3. Applk-ation of Payments.. Unles..<i appltcable law provides otherwise, all payments received by Lender- under the
<br />Note and paragraphs I and 2 hereof .shaH be applied hy L~nder first in payment of amounts payable -to Lender by Borrower
<br />under paragraph 2 hereof. then to interest payable on the Note. then CO the principal of the -Note. and then to interest and
<br />principal c.)n any Future Advances..
<br />4. Charges: f.Jens. Borrower shall pay all ta.\es, ,I:l"sessments and other charges, fines and impositions attributable to
<br />the Property which may attain a priority over this Deed of Trust. .lod Jea...ehold payments or ground rents, jf any, in the
<br />manner provided under paragraph 2 hereof -~, if not paid in such manner. by Borrower making payment, when due. directly
<br />to the payee thereoF. Borrower snail prom~:. ~lJrnish to Lender all nOtices of amounts due under thii paragraph,_ and in the
<br />event Borrower shall make payment directly, ,jorrower shall promptly furnish to Lender receipts evidencing suth payments.
<br />Borrower shali promptly dlschar~e any hen v, hich has priority over this Deed of Trllst; provided, that Borrower shall not he
<br />requtr-ed to dis...:-hargc any s,uch hen so long ;t>; Borrower ~haH agree in .....Titing to the payment of the obligation secured by
<br />wen lien in 3 manner acceptable to Lcnu'r ,Jr '\hali in good faith contest such Jlen by. or defend enforcement of such-lien in.
<br />legal proceedings which operate In prevent the t:nt(}~ceOJcnl of the lien 0: forfeiture of the Property or any part thereof.
<br />$. Hazard losuraDa'. Borrower shall keep the Improvements now c\lstmg or hereafter erected on the Property insured
<br />against loss by fire. hazards included Within the term de,\lcnded coverage", an,j such other hazarus as Lender may require
<br />and in such amounts and for such periods as Lcn<kr may reqUire: provided. thtit Lender shall not require that the amount of
<br />'\uch (;ove~ag(: exceed ihat amount of coverage: reqtHred 10 pay the sum" secured br thIS Deed of Tmst.
<br />The losurance carrier providing tht ins.-urani:c ~hall be (hoscn hy Borrower subject to approvill by Lendc:r: provided.
<br />that such approval shall not be unre3~~nably ~Ithhejd, All premiums on insurance poHcies shall be paid in the manner
<br />provided under paragraph 2 hereof or, 11 lIot p~tJd III liucn ma.nner, hy Borrower making payment, when due. directly to the
<br />inaun.nce carrier.
<br />Atlll1surano:e l)()},de1i anJ renewals thereof shall h(' lfl it_\fIII ilc~cptable W Lender and shall in..:.'lude a standard mortgage
<br />dilU~ in fa\"or of 2nd in form ac(,;cpUlhle. In Lender. Lender shall hrtve the right to hold the policies and renewals thereof.
<br />and Borrower ~haU promptly furnish It.' Lender -ail renewal notices and all receipts, of p:.1id premiums. In the event of loss.
<br />Borrower !!.hail gjve prompt ltOIH;:C In lhe In~tJr<mc(: ",;,urnef ,Hid l.ende!'. Lender may make proof of loss j( nol made promptly
<br />by Borrower.
<br />Unless Lender and Borrower ~,)lhctWI:lic Ilgn.':\; in wrirlJl8. Jllsura!ll.:c pri.x;ecds shall be applied to restoration or repair of
<br />the PropertY, damaged. proVided '!;uch r~-s(LJrttlioo or repaJr j" C-';OHonw.:aUy _fea~ible ilnO rhe security of this Deed of Trust is
<br />nut there-oy lmplured. If sllt.:h teliwnuwo or fep:!!f I.. /lnt cc\.momkally fc-aslble,or If Ihe security of Ihi"! !Xed of .!"rust wou~d
<br />be ImpaIred, the m5Ut,:wct' pr-oc;':-I,';'d~ ~.h:ll! DC' u?p!:cd to {he "i~r;r; :>ccured by ttus Deed of Trust. with the excc:;s, jf allY, pall.!
<br />to Borrower. Tf the pmperty is abandoned by Borrower. lH' if Borrower Llils to rC:O>llOild to Lender within 30 days from the
<br />date- uoti\.:c is. mailed hv Le_oder to Borrower that ihe lllsunHJCc (arric,r otft.~rs 10 settle a claim for in!>Ufanlo.':c benefits, Lender
<br />!,; authQnzed to (;0118\,;[ and apply the insurau~e pJo...:eed.s at Lender's opfion either to rcslOration or repair of the Property
<br />or to the sums sc-\:ured by this Deel! of Trust.
<br />Unless Lender anu Borrower otherwise agree In >,witing, any sllc_h apphcaHon of proce~s to principal shall not extend
<br />Of JX~(pone the due date (If the monthly installments rderred to in paragraphs 1 and 2 hereof or change the amount of
<br />such JnstaUments< If under paragra~ :~ hereof the P-ropeny I:' aCl.{uired by Lender, <Ill right, I;tle and interest of Borrower
<br />In and 1\.) any insurance poJiciQ and HI and 10 the priX-to"cds lhereof resulting from damage lO the Property prior to the sale
<br />or ~cquisition snail pass to Lender liJ the extent of the- sums :o:.ecor~'d by this Deed oi Trust immediately prior to SllCh s;jle Or
<br />acquis.ition.
<br />6. Pmen.adoh and MaiDteualKe or Property; Leaseholds; Condominiums; Planned Unit Oe-\"eJopmenU. Borrower
<br />';,hall keep lne- Property lH g\)od t'cpalf ~illJ \hal1 H,}l ,.:mnmlt WasIl: Of permit impairmt'HI or dc-tcri,)ralion of the P'ropt:l'l}'
<br />~od sbaH comply with the prO\,-i)lons of arty ka~ if {his Deed (If Trust is. Qn a ie.aschold. If this Det:d of Tru:!l is on a unit in a
<br />condominium or a planned unjI de\'elopmenl. R-orrower shaD peuorm all of .Borrower's obligations under the declaration
<br />or ro\le~ants c-re.ating or governing the condominium or planned unit de....elopment. th~ by-laws and regulations of the
<br />condominium ().f planned umt dev-ek>pmeo~, and constltuen1 documents, If a condominium ur plannt:d unit development
<br />nder is. eXei:uuxi by Borrower and recorde.u together with thi.s Deed of T ruSl, the ..:o\'eflantS- and agreerncnu. \)[ such nder
<br />,!i.haU be incorporated into and shall amend ~nJ supplement the .:ovenanb and rigrecmcnts of lhj~ DeeJ oi Trus[ ;15 jf Ihe ridel
<br />wc-r~ /:l part herooL
<br />7. Pnttecdoa -of l..eut'r's Security. If Bo~rower faiis to perform the COYCf.l.Ulls <ind agreements. l;ontamcd in [his
<br />Deed of Trust. or if any actiofl.of proceedmg tS COIfllnenced which matenally atfech Le-Ilde.r's im-erc:\t in the Prof?Crty,
<br />l'O~Juding. hut not limited to. cuunent domain. inwlvency. i,~tXie enforcement. Or arrangements or procccdJng~ lI1volvmg a
<br />bankruPt Of' decedent. then Lmd,er at Lender.s ()plion. upon notice_to Borrowt:f, may make such, appearances, disburse !)ucn
<br />s.ums and take JUC~ a~lion as. ;:0; m:-ccuaf)' 10 protect Lender\- !mer~.t. !nd.udmg. hllt not lmlited to, J~sburscmcnt (If
<br />~~j~bte aUu-r~y s fees. and eou) upon .the Property to mak.e repan:'\- II Lender rel..fUl(cd rnQftga8~ HlSUf;H'j(:C ;h _ ';1
<br />~:o-nditi~ of makl~g the loan ~ured by thlS I)ec.d of Trwl, Borrower shaH pa~. the premiums rcquire~ to mamt,lIn ~m::h
<br />msuran<<: in effecl until ~h time as. the requirement for such HJ.lJurancc tenmnaies J!l accordance with Bonowef"~ and
<br />L~odiN',& written llifcemcnt or applicable ~w. Borro-wer shall pay the ;Jmouol of all mOflg-age in'!turancc prci'uiul1ls in [he
<br />"'..Doer p<ovided undet par"8"pb 2 hereo"
<br />Any amounts di$bun.ed by Lender pun:uaol t(l thIS paragraph 7, wilh HH(r~~~l lhereon. s.hall I~(lmc ,tddithm.al
<br />,Indebtedness. of _Borrown -KCured. ~y this Deed of Trust. Unle..'Ji~ Borrower and J .ender agree to other terms \11 paynicl11, S\I~_h
<br />"mount) ~I t'le paya,bte upon nohce ftl)m Lel1uer to BOrfo","cJ t'equctstlA8 paymen-t thereof, and $:hal1 bear interest from the
<br />dale \)( ~t at lm. raw pa)"able- (rom time to time 0." \HHii.lallJing prmcipal under the NOle unless payment iA interest
<br />lit such f:ate w~W be (,:'.of\tnuy to .pphl,.~...h-'e h1W, m whIch event ;o,uch an101mh -;haH t-e_ar mten\"l ;H the hIghest rale
<br />ptU'~ under ippiH;abtt li\w-. Nothing .:-ontAlne~l III (hi~ paragr_apfl 7 ...h:dl r~qujle Lemir:r \\1 lll\:ur any e.'-JlC!Hse- oj' Litke
<br />...., ",:1_ her......,.".
<br />.. ~_ taKkf m-a-)' m~kt". i,'H ,.:a-H~ lo t.'t' n~,Mk rc.;jjL~)t'.<thk entri:c, UIX\ll MI-,d !tl'Y.re.;tlnn~ 01 th(,' Prop{:rly. pr.n,iJ'l'd
<br />that ,LJ!~ ~U JWf: Borrower lli)~ke fHIDl to any \_och in:ip.;,,:tl.on ,);fl'Ci:'.Jyl1l.S n::rt",..muh-k (<lU3C thi'reftH tt.,iiJlcd h., I,r."odn\
<br />,_tUI HI t!lc hOi>mv,
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