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<br />'04 ......- 003980
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<br />l J!'>IIFORM COVENANTS. Bormwcr and Lemler ,.'ov~n<lnt and ag'rcc as.'Jollows':
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<br />1. Payment of Itrincipal and Interest. Borrower s.half prornpUy pay when due the principal of and- tnlCresl_ {)!1 .th{,~
<br />lIldch!cdlH..'\;'i r.;\'llh.>nccd by the Note. prepayment and laic charges -as. provlded.-;n the Note, ;md the principi:iL of nnd -jnlci'~st
<br />Oil any Future Adv..IOL:l"I; sc..:un:u hy this Deed of Trust.
<br />2. Funds for Taxes and Insurance. Subjecl to applicable law or 10 a written waiverby Lender., B~rrowet:'_:shai(:pat
<br />to t _cnd~r nn the day monthly installments of pnncipal .Ind interest arc payable undcrlhc Nctc,---until_ttle,;,NoJt;-,,:'i~'paidArl_~i(i!J;
<br />i..l sum (herein- "Funds") equal to one-twelfth of the yearly -taxes -and assessments - which '_ tnily',-:aUaio_--p(i:'>,tity -~<)_v~r,--~~i5'-
<br />Oeed I.lf Trusl. and ground rents on the Property. if any, plus one-!welfth of yearly preItlilul1_ jnstallments;for:ha~.rd:':i~~rartce',:-.:"
<br />plus one-twelfth of yearly premium installment.s for mortgage ins.urance.- if any, aU ~s' reasonabJy-estil1Jatcd:}n,iti.aUy,~:a,tt.q,:~~r()l~l_
<br />time !o time by I.cnder on the basis of assessments and bills and reasonable_ eSlinlat_es-t.h~r~of. -- , _ _ _; ,- -.i _ ':' _:_ ~-__ -'.)
<br />The F!md'i> ~hall be held in an institution the deposits or accounts of whic~ ~-re-in5lJred,_,or.$-oarante -
<br />state agency (including Lender if Lender is. stich an institution). Lender_ shan: apply the :-Funds lo'-__pay' .
<br />1O\1H .!nee premiums. anu gr('lll~ld rcnls. l.ender may riot charge for so. holding ~nd- applying the-oF
<br />or \'~rifyiI1g and compiling s;:ud asse<;.smenls. and bills. unless Lender pays Borrower interest on
<br />pcrmi(~ I cndcr (fl make such a charge. Borrower and Lender may agree in lVrrtin-g - at, t
<br />Deed nf Trm;~ that inlerest on (he Fund" shall he paid t? porrowcr. and unless stich :agreement _is-made_'~r a_epnca.b.fe,Ja~:-'
<br />h.'quire.. li\lI:h Interest f() be puid. Lender ~hali not be reqwred_ to pay Borrower any- interest-or--cal"ning_$~O(j_-.th(}:Fu,~~~,,\,~~eq~~r::
<br />..hall ,give to Borro\'..'cr, with~lut charge. an annual accollnling of the Funds showing credits_ and -debits:- to _the_,Fun'.Q~~;n~'ltl'~Jli~:_:~_ '_-_ ',;__
<br />purpose ror which each deb.tto the Funds was made. The Funds are pledged as additional security.fortlieollms'.secuij:di"c Co .
<br />hv [hiS D\:t.'d of 1 rust. -
<br />If the ammmt ,If the Fund" hch.1 hy Lender, together with the iuture monthly installments or- Fimds_ p:aY;lbl* ,-prror --t(l
<br />fhl..: Juc dales of line_" i.1<;se"smcnh, lllsurancc premiunis and ground rents;, shall exceed the amounl,required-,to'p-ay'--sai~,-taxcs~-
<br />d~sessmcnh. in~urallce prt~millm... ,lnJ ground rents as they t<llJ Juc. such excess shall be,- at Borrower'_s'-option." _eJther
<br />promp1ly rcpi:l.ld Itl B('IrrlJ~~~f or .;redited to Rorn}\\,'....r on monthly installments of Funds. If the-amount ,of-the::Fund..-'t
<br />held hy f.l..'nucr .:.half not be sutlicl-Cnt 10 pay W.:XC'>. .\;;scssmcntS, insurance premiums and - ground; rents'____ns "they- _f_3:1I 'd.ue.
<br />BorrnWl'r <,h:\1l pay Ii) Lender any ~unOtlnt nccesl:inry 10 make up toe deficiency within 30-daysfrom'thc-'date-,notice is maned
<br />by Lender 10 Borrower..requesting payment thereof.
<br />Upon pa~'ml~nt in I till tJt all sums 'iccured by thlS Deed ot TnlS[. Lender shall promptly refund ,to- Brirrower-ariy-,rurids ,-
<br />held hy l.ender, It onder p:u,agrJph I R hereof the Propeny h snld or the Property is (lrhcrwise acquired by' Lend~r. l.en~_t:
<br />\hall apply, no btCf than llnm,cdiateJy prior !\) the ~aJc of the Property or its acqUlsnion by lender. any Funds held,_by
<br />Lender ;u the lime n-f application :JS 11 credit againsE the sums ....ecured by this Deed of TrusL
<br />3~ Application of Payments. Unless appllcablt: lJ'A proVltie'i OthCn.VI5e, all payments received by, Lender-- under the
<br />~nte and raragrJJ-'h'i ! and 2 h('n~llf <;:l1all he ~tpphcd by Lender first in paymcn~ o~ :Imollnts payahle to .lender by: Borrower
<br />und.e~ paragraph;; hereof. then to IIUereS! payable 0-n Ihe Now. then to the pnnclpal of the Note: and (hen to -interest- and
<br />pnnclpal on ;,my FUUlre Advances.
<br />4. (,-ha....e:s: l.ieft5. Borrower "hall pay ;111 [:l\C'\. ~l~sCSSmcnl., :md other charges. fines and impositions -attributabJe, to
<br />the Property which may attain a priority over Ihis. Deed l'( Trust, and Icase~old payments or ground rents, if any. in_ the
<br />manner provided under paragraph 2 hereof Of. if not "..id in slIch manner, ~.. '1orrower making payment. when due; directly'
<br />to the payee lh-creof. BOHOWl:f shall promptly hrni~h to 1,l~ntlcr allllow,'\"" , amounts due under this paragraph,_ and ,in t~e-
<br />c\'cnt BoffO.wer shaH make payment dtrectly, B,)ffd\\-cr <;1 r,;-omptly (;Jrotsh 10 I.cnder receipt&., evidencing sllch pay~nt$;.
<br />Borrower ~halJ promptl}' discharge ,lOyli"n \\hich h~l'i pnont} \H.l~f (hi,) Deed of rrwa; provided. that Bo~rowcr shall not be
<br />fi:'qUlrcd lO di\.Chargc ;my ""ul..:h lien 't1 l\lllg ~l\ Ihtrli.l.....cr "hall agree In wl'ltil1,!! h' the payment t)f the obhgation secured by
<br />\uch lien in ;l manner l1t.:ceplabk tn L~ndc(, or ...hilll HI :;'1,)lJd Llilh ,,'o/Hcst ...w.:n lii.m h\', N defend enforcement of sllch lien in.
<br />legal fft,xceding:~ \\ hid1 opt:rd.tC' h) I'f~\Cllt .!hl.: I.'HI,'n.:~ml'nt ili the lien t~r forl'citurc of the ProperlY OJ any pan t.hereof.
<br />~,. Hazard Insul'a1Icf. 8-orrO\'H:r "hall KC"ep the lmr!OVrmt'nts now C'l\...rll1~ or hcre-aft~r erected on the Property Insured
<br />ilg.Hn~t h}'~~ !>v fire. h;!l.ilrd~ 1l\'I.'!udt:d ~ithin dh._' h:rm "{'\.tt:nded t...\,lv~'r,-lg.c" and "tH."h other haLanls as L!..~nde( may require
<br />nnd U1 $uch amount\ ;Hld f('lf ,>Ul.:h perIod\ ~IS I coder fll;\\- (\74I1lr..:; provlt:h:d, IFt.11 l.cnucr ..hull not I'cqmTl' thatlhe amount of
<br />such CQ\'eragt.' t.',-c~ed lh..;u ;lOlIJUO( ...,t i.(\\cr.ig\.' ,~quH\,'d 1<\ p;l; !hi,.~ :\iJrth ~nlrt.~d hy litis Deed of TrusL
<br />The- insuraOl:C ...'arner prn\'IJtrI~ lh~ in\-Uf<lnCe "ha;il t:e dH\~Cn hy Horr,~v.~r subject (~1 UpPf(w;.1 hy 1.ender: rrovideu.
<br />that :such approval shali not he uflrc4wnahlv \\.-lthhdd All premium... on 11l~Uf<H'lCC policir:s 'ihall be paid in the manner
<br />provided under paragraph 2 hereof or. II nut paId m -..u(;h nl3.nnCf. h\ Borrower makmg payment. when due. directly to the
<br />insurance carrier.
<br />A~l m3ul;;an..:.~ p",h\2i-;,;,. .JnJ !(-\i~',...h H'l,;;!:I..ll ~h;_J.Ji he III 1,1, H\ ',h ~t'!,lilhic 11' i endcr and shaH i1~c~ude J. standard morlgage
<br />,:Iausc m favor of and in t.mH ,;..~..'('i'Libk to 1 tfiJc, ! l"lHkt ..h,iii h.hi; lh..: Ilghi to h~lld tht,~ poiu;~c'\ (lOd renewals thereof.
<br />,1Od Bon~'"er .shall pn.,'mpllY fuum_h I,) I emkr ,tU :-.='H..'\L'J P.:li,-('.., ;1l1d ;dt H'...'CIPt\ ui rani premiums, In the event of los'.o,
<br />Borro\"er ~hall give pr(llllpt n,-~t\,-'~ H,\ in\' Hl~m,w...'l' ':,lllli.:r ,\11.1 I ~nJc-f. lender m,lY make ptnof of 105\ it I'I\)t mllde promptly
<br />by UnrfOwer
<br />Unless. l.e!:d<'-~l and H~\H\'\'-'t::r \~!h-t:r \\ I~ a~n.'t.' Ii, ..': It:lIg. ,"\01 ;W\.t: Plll..:11c-d:o. ',h.tll he Jpphcd t('1 rc~toration or repair of
<br />the Pro-pe-rty ilaHM.gt;.i, pn.HI...kJ. "',I\.Jl !I..~..,tor.~lJ\'n \,r lq'.nf 1... ,,'(,~Il\H1H:"';lli)' IC:..!-""lnit: ;lHd iht: _wl.:mi(y vi lhis. Deed vf TfliSi is
<br />not 1hereb) Hnp;,urc-J. H 'u..:(: rC!lot'.)ratlt\fl t'lr n:p.ur 1-. fidt t'l..oD,.mtl.<iHy 1"'-...t~lhlt. ,.f II the ~C'c\lriIY {)f Ihi.. Deed of Trust \'-'mlld
<br />be HUpaitcd, Iht: Hl'!<.tlran~;: phXet;t.!\ ~hJli t;e app\lCJ h) thl.' ~unh ~,,-'<':ul1::d h) Ihi~ Deed uf -I rust, wHh the e'~'c<;\. If any. paid
<br />w Horro\\'l.':L If!he Property b ;lb.wJ(\llcd h~ Bor.rl.}\l,cr. llf Ii IhHhl....cr i.,lIb 10 ft:Spt)I1l..I1O Lender v.-ithin ]0 days from the
<br />dale o\,)hcc i~ malltJ by l.ender tQ BOffO....C! {hiJ{ lhe ,il:'Jt!l.tI1j,,'..: (,I!TIN oif~r" to sculc a .,:l~lim for IflSHfaOI.:C benefit!.. Lender
<br />i.. amhl.lTilcJ l\1 ':llik,i .Ind appl)" !h~ in,uran.:~ pn..xcc\.h ;t{ I ~'nJer'\ ~\plh)n clther fl) re~l11nttion or r~palf uf lhe Propeny
<br />Of 10 the sum\ ~..:u(ed hy IhlS DeeJ Qt rw..t
<br />l.lnh.~s:i Lender 3nd Botw",cr tHh(:rl.\i~c il~ll:-e HI wHung. ,tHy ,>u>.:h ~lpplu:iJlll.,m (II procce-os to prmclpal shall not e.\(end
<br />or POlilpl"IW lOt' dLk d,Ut Dt lhe Hll..lnlhly lfhtailmenb fckrrcd III in paragraphs I ;wu 2: he-reol Of chilnge the amount of
<br />'iu~h instalhnems, It under ~ragraph j -"i hereof the Propcrn I" ;j~4Ulfeo hy 1.ender. <II! flght. otle and interest of Borrower
<br />In and to all'" I!hl.Han...~e p()hcie~ ~l\J Hl .\!Id kl the:. rr(x:ecds Ihen;~~t re,)uhl,ng lWlll da.mag~ ,w th~ Property prlor to the sale
<br />or ;tC\.IUiSlltOn :-.ha.tl pa:..s: to Leodtr to the c\lent 01 th~ ~UIHS :<.t:-\:U1'<."u by lhl) De(d 01 ('rUM lIHmedHHcly pflor In slIch ~ale or
<br />acquisition.
<br />&.. Praoenadoft and MalatenlilDce of Properl)'; u.lISeoolds; ('ondominiUiM; Planned Unil llevel!lPmenls. Borrowcl
<br />,hall 'keep llle Pwperty !Il gl~)~1 n:p.lr J.nd ~haH {lot (~mHllH "a~tt.; (\1' .'CrTlllI IlnpiUrnwnt ~Ir dt."lcrton.,lh)n \."If the Property
<br />and shaH comply WIth the pf,-WlS,Wns ......l Jny lea~ if this. Deed ('If Tru'){ !~;,)O a lCibehold, If this Deed of Trust l!il on a unit in a
<br />condominium or "' planned unit dtvelopment, Borwwef shaH r>etiorrn all of' Borrow~r's obtigali(,)ns under the declaration
<br />i)f covenants creating Of gt~vernfng the i..'ondomimum Of planned unit deveklpmenl, the by~laws and re~uiations of the
<br />~ondomini.um Of pl.now. milt dcvch'>IHnent. and c\>nillll1~IH dl:l\,;Urtl~nl~_ H a condl,minium or planned unit development
<br />tHier 1$ C'xecuted by Borrower and recorded IOgt:lber wilh Iht!- Oe~d 0/ Trust. the Clwen<otl1ts and agree/11enl~ ('If such rider
<br />\baH be incorporated intu and shalf amend and supplement the '::,o\'cnanh and agrtements of [his Deed of rrust as if the rider
<br />wer-e a part nc-r-eof.
<br />7.. Proiectioa of l--eader~ Seturitl. Jf Borrov.er fails ti,) perform Ihe t:O\enants and agreements ":llfltained in this
<br />Deed ~f Tnat~ or If any action _,Of pn.:K:tc-ding is ~omm~n.:.:cJ which mah:m.lIy alTects lcnder's mter~~{ in the Property.
<br />uJdudms. but not limited to, eminent donuun. fM\.)lve-fl\.:~, -.:od-t: entor.:emenl, or <<rrangemenh or pn:lCeedings IOvolvmg u
<br />bankrupt or decedent.. then Lender at Lender's option, lipt.:m ooiicc (0 Borrower, may make ~uch appeara.ru.:e-s. dishurse such
<br />wma .00 talc JUC-h aCUo-n as i.s n~r)' 10 prot<<t Ltnder'~ tnterest, ,ndudm1t. hut no.t limited to, d~~hUh~rnenl III
<br />re-aonabtc attorney's fees and entry upon the Property 10 make repairs, II' Lender r~qutft:d mongage In~t,UafH,..e as a
<br />condiuon of makina lhe loan leCuroo by this L>eed of Trus,t, Borrower s.hall pay the premiums required to mallllain ~uch
<br />t~ to etlcct until sucll li-~ as. the requl-remeni for such ms-uran\..'e term males in acconhtll~e- wilh Bnrrowcr''i. ~lHJ
<br />Lcnd<<'i_ wr1t,tm :Ajr<<:mcnt or .applicabJc taw _ BUffO-wer 'lOhall pay Ihe amount of ;ill mortgage Hl~llran-"':t: plemium~ in the-
<br />""'_ prlWided under par.,..ph 2 hereof.
<br />Aay amowtb dilbuncd by Le:ndcr punwult 10 (his Pllftl8Uph 7. wnh Inh:re&t thereon, slmll !)('\;ome addiuonOlI
<br />)~ (){ 8orU:'>1kCf 5e(:uRd~)' thilt Deed ot Tnlit. UnJe::\~ Borrow:el' and Lender a8ret.~ to olht~r lC-ffl'b ()l Pil)nlCHI, ~th:h
<br />.mount' -'....It be- payable upGfl nOlice {tom l.e-nd~f h} Q..:ln",lw-cl re",W!rulI1g pu}'ment thereof. il-nd sh~'\H N,>ar interest fl'-t,'1fll th~
<br />tiMe of dtsbul1tCJDCnt .at the rale- pil)'lble from timo h" lime on ..~Uhia:-n(,hng pfln.;ipal under the Nnte i.inlei.). payment ,)f inle-tf"it
<br />.. ~h _ ,_to -='UUkl he. ct.:mM'sry h.l .applicable I......, in wt'l)~h evcm ~ud"! anultJnI\ "hail hear lllh,WeM nt the hlgtw::S.1 rale
<br />ptt......-w.- ",ode' appl<<;,ab$t: I....... NQlhtll8 "{)nt~tned If\ lhli p~'-i'lgnph 1 ~haa l'cquHe Lendef In !I.KUr IIny (:\pemc \H take
<br />...y _ t.m<........,
<br />It. ~ I t.nOtt may mUll! o.f (dU,"iIC lo be: madb tt'1l,'k}tHIMt: -c-nl,r.e-s npon ,lod HlS.pt.~..:tl()HS of ,lht~ (."'fllP(Jt\, pnHdll....,1
<br />~tM-t l.c-nd~H' .\ho.U ,i'll--. a<X'H)wtf t\i)l~~ pTlor to jH1Y iud, lfl-~pc~1.I;t}fl ~pc"r)'HlH r-e4~{)h,"-h1e ..:.W~ Ihl'telf1j' fd;;tt~-J I" I l.'nJer "-
<br />.tttClt'4l m tiw Vronenv
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