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<br />0051:28
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<br />UNIFORM CovENANTS, Borrower and Lender covenant and agree as follows:
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<br />J. Paymeat of PrllldpllllIIId IBferest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges Ill' provided in Ihe Note, and the principal of and. inklrest
<br />on any Future Advances secured by ,his Deed of Trust.
<br />%. FaHs for 'IUa ... 1_. Subject to applicable law' or 10 a written waiver by' Lender,Borrowei:'slta1l~Y
<br />to Lender on Ihe day monthly installments of principal and'interest are payable under the Note; until the Not~..paidin, full,
<br />a sum (berein "Funds") equal 10 one-twelfth of the yearly taxes and assessments which mayauain priority <)verti1is
<br />Deed {}f Trust, and ground rents on the Prop"..ny, if any, plus one-twelfth of yearly premium installments for I>'mlf<Hnsurance.
<br />pius Gne-twelfth of yearly premium installment.' for mortgage insurance, if any, all a.reasonably estimated ,initially and from
<br />time to time by Lender on the basls<lf assessments and bills and reasonable esli_ thereof, . ,,' .."
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed bl'aF,~;or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply tbePunds to pay said taxes, ,as~ts;,
<br />insurance premiums and ground rents, Lender may nOt charge for ro holding and applying Ihe Fun&,aJjalyzingS!lid.~nt
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the' Funds and lIppli~~law
<br />pennits Lender 10 make such a charge. Borrower and Lender may agree in writing at the ,time of ' ' .
<br />Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is ,made
<br />requires sucb interest to be paid, Lender shall not be required to pay Borrower any interest or earnin~ on ,LCrtder
<br />shall give to Borrower. without charge, an annual accounting of the Funds showing credits and debits to the Fbndsat>d'~hl:.
<br />purpose for which each debit to Ihe Fund.. was made, The Funds are pleGged a;; additional se;:urlt-f fc.= ~um:_"'Cd
<br />by this Deed of Tl1JSl. '
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds pay,able prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shan exceed the amount required to pay said taxes.
<br />assessments, jr.surance premiums and ground rents as they fall due. such excess shall be, at Borrower'. option, either
<br />promptly repaid to Borrower or credited 10 Borrower on 'monthly installments of Funds. If' the amount of the ' Funds
<br />held by Lender shall not be sufficient to pay taxes. assessments, insurance premiums and groundrentsasthl:.y fall ,due;
<br />Borrower shall Dav to Lender anv amount necessary to make UD the deficiencY within 30 days from 1M date notice'ism.lled
<br />by Lender to BOrrower requestiDg payment thereof. . '
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender sban promptly refund to Borrower any Funds
<br />held by Lender, ff under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender,Lender
<br />sball apply, no later tban immediately prior to the sale of Ihe Property or its acquisition by Lender. any Funds hl:.ld by
<br />Lender at tbe time of application as a credit against the sums secured by this Deed of Trust,
<br />3. AppIKalion of Paymenla. Unless applicable law provides otherwise. all payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payable to l..ender byDottOWel'
<br />under paragraph 2 hereof, then to interest payable on the Note, then 10 the principal of the Note, and then to interest and
<br />principal on any Future Advances,
<br />4. CIulrps: LImL Borrower shaU pay all taxes, assessment, and Dlher charges. fines and impositions attributable to
<br />the Property whicb may attain a priority over this Deed of Trust, 'l'- 'easehold payments or ground rents, if any, in tile
<br />manner provided under paragraph 2 hereof or, if not "OK! in .ur~ ma: :, by Borrow.-- mating payment, wilen due, directly
<br />to the payee thereof, Borrower ,hall promptly furnish to l.enoir " ,,""ces of am..,unk' due under this paragraph, and in the
<br />event Borrower shall make payment dIrectly. !k,cro",,,r ,hsii pro_.ptly furnish to Lender receipts evidencing sueh payments,
<br />Borrower shall promptly discbarge any lien which has priority over this Deed of Trust; provided, that Borrower shall not be
<br />required 10 discharge any such lien '0 long as Borrower ,hall agree in writing to the payment of Ihe obligation s~cured by
<br />,uch lien in a manner acceptable to I.ender, or ,hall in good faith conlest such lien by, or defend enforcement of such lien in.
<br />legal proceedings which operate to prevent Ihe enforcement of the lien or forfeiture of the ,'roperty or any pan thereof,
<br />5, 1bDnl1_1'IlIItt. Borrower ,hall keep the Improvement' now eXlSllng or hereafler erected on the Property insured
<br />against loss by fire, hanrds included wilhin the .enn "extended coverage", and such other hazards as Lender may require
<br />and in ,ueb amounts and for such periods as Lender may require; provided, .hal Lender ,han not require that the amount of
<br />.uch coverage exceed that :unounl of .:overage reqUIred 10 pay the 'urns secured by this Deed of Trusl.
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<br />imi ~ i~~~ ~~~~r~;l~:~~~n;n:b~~r~~~h~~~i ~~i~~~~~U~:$ ~r~~:~d:I~~j~h~~e:p~~r~b~atd~~~~~1f~.=
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<br />provided under paragraph 2 hereof or. if not paid on such manner, by Borrower making payment, when due, directly to the
<br />lUSurance carrier.
<br />AlllOsuraU<.'C policies and renewals thereoi shall he in form acceplable to Lender and shall include a standard mongage
<br />dause in favor of and in form acceptable to Lender. Lender ,hall have the nght to hold the p<llicies and renewals thereof.
<br />and Borrower shall promptly furnish to Lender all renewal notices and all receip.s of paid premiums, In the event of loss,
<br />Borrower shaH give prompt notice- to the insurance carrier and Lender. Lender may make proof of loos if not made promptly
<br />by Borrower,
<br />. Unless Lender and Borrower otherWise agree in writmg. Insurance proceeds >>hall be app!iw to restoration or repaif of
<br />the Property damaged. provided such rcstofaHon or repaIr IS c't,:ononucaUy ieasible and the security (If this Deed (If Trust is
<br />not thereby impaired. J f ~uch restoration or repaIr is not l.'1.:onomically feasible or I f the security of this Deed of Trust would
<br />be Impaired. the lQsurance proi..,,<<ds shall be applied to the ShillS s.ecured hy this Deed of Trust. with the excess.. if any, paid
<br />to Borrower, 1f the Property is ..tbandoncJ by Borrower. or if Borrower fJils to respond to Lender within 30 days from the
<br />date notice is mailed bv Lcmkr to Borrower that the InMtran\":(" ~arrit:r \)JTers to seule a chum for insurance benefits. Lender
<br />is authonzed to \:oHect'" and ~~p!y th~ insurance ~lH_X'-ffd~ a! l.ender's option either to restOration or repair of the Property
<br />or 10 the sums secured by IhlS Deed of Tru,t.
<br />Unless Lender and lklrro......e:r othe(wu.e agree In wnflH!t. .tH)' ~.w.:h application of proceeds to principal shall not e:\ten~
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<br />~)r..p..~tpoJ.~ the ~~p dat~ ot th~ mo~t~lx .lDstal~~.enl~ refcr.f~d t~, In pa~a~_rar~~.,l~_a~'~1 :;...~~n.~.~!I_o:._:.fh~.~~~_:~~.,:u~~~~~:~.,~:
<br />~ucn IOSUUlnlent~. II unuer paragrapn I" nelCi.H tne I n.Jopen)' \... a~"'UJfCU 0" L~tlU"'. ~H' ll&"t, \lU.. nuu IOU"'''''' "'t ,...........n.....
<br />in aoo to any in~uralKC' poil(;ies and In ,mo to the PTO\.:CeUS inetcuf F~\iiiing fwni damage w the Property prior to the sale
<br />Of acquisition shall pa$S to Lender to the ~:~"lenl 01 the sums ~ecul'ed hy this Deed o( Trust immediately prior to such ~.lle t1f
<br />acquisitaoD_
<br />6. r......"lIli8a llIKl Mala1e....ttC~ of Property; Le_bolds; Condominiums; Planned Unit o"nlopmenls. Borrower
<br />...haU keep the Prnperty m g(~ld r~palr ,lfld "hall not (L\lllnllt "aSh.~ \If permit imp<1lfment ;.If dt:tcrlnralion {\f the Property
<br />,uKi shaH l:ompfY wlth the proviSions of any lease if this Deed of Trust i., on a lca~eho!d. If this. Deed of Trust is on a unit in l.i
<br />condo.fn.mium O.{' a planned unit development, Borrower shall pe.tiorm ;111 01 Borrower's obhgalion~ under the dedaration
<br />\\f u'l\,-ena.nts creating or_ governing the condominium (J.f' planned lUll I development. the t'1y-la\.\'s and n':gu!alllln~ \'1 the
<br />;;ondominlUm or pianned unlt de'f'elopment. and constltuent do<.::umcOIs.. if a ,:ondominium or plailllltd IJIH{ devt:k1pmclH
<br />fider " elt~uled hv ~rrtlWN ~nd r~~~nt'de.d iOqe.tner ""'!In thi.s [)eeii 1)1 TnlSI the COVenants and a2recmenls t..lf such nde!
<br />3.oaii he lnC<.lrp...,nueu imo and shaii amend and suppicmem the ..:o\'(.'nant.,> .mo i!gltXlllCub vi" ihis DecJ UI Tt\l~i .ts. If the nJer
<br />were a palt hereof.
<br />7. ~ of l..e1Iderl Security. If Borrower fails to perform the ,:ovcnants and agrt.~ments '.:,Jnhune-J In ihi~
<br />Deed of TlUil. or if any action Of pt"oceedtng h ..::ommenCN whkh rni.lCnaUy affects Lender's interest 1il the Pruperl)',
<br />Includtos.., but not Hmltcd. to, e.minenl -i.1omaHl, im..oh'enc) , code e.niorcemcnt, l,Jr .Jrrangemenb ~)r prt)ct"C.dtn~ inv\.,jvlI)3, a
<br />bankrupt or tkcedenr, then Lender at Lcnder"s optk'i-f1, upon nollct: III Borto\\'er. !Hay rtHlb: 'om:h app'i,~af~ttKn, \.k.:,hut,<<.: :'>'_Kh
<br />I!j:um$ and take s\ic.h action as i~ ~u,ry (;;) prot~ct Lendcr\ ,nteH..~t. lncludm:g, hut not lllnited W, dishur:o.clllcnt tll
<br />r~able attot~).,s fees and entry up'")-11 the. Propert; fo m...k,c repair~ If I.ender rC4.l.Ilfl:-d tnOf.tguge In\llf;:tV.:C ,1" ,\
<br />~.o.nd.uion ?' makIng the ioan secured b)" thiS I>eed of Trusl. 8orn.J\ltel \hall pay the premiums tequm::u t-'::l lnalnhlH'l "U1.:h
<br />.iUu:~r~-e ;n effect ucti! such time a5 t.~ requirement for ~u".;h H"l:)Uf;::rh:t' tt'rm"HlIe~ In il..Tt.lrdJnct;' With R(\fr(\wer\ ;wd
<br />Leader's written ..g..cemeot or appHcahle law" Borrower shall pay the. ~1fnuurH ,Jt ali nl\,)rtgag\~ ln~uran('c ~'rcnllHm'" III lh~
<br />'''''Ii''''' provide.! ull<ler f'l'rllj..ph ~ herc<,(.
<br />. Any amounti. disbuned by Lenuer pursu<i'nt tn thlS piUilgfuph '7> wilh ;nH;fc~t thr;ICtlil, "hall 1"'('\..'\1fHe .hiJtti\'n~ll
<br />lDdebted~.?~ Borr~~r secured _h):' t~UI [)ced I,~f_ T~J.~, Unless Bonowc-r iWO i. (,Il\kr ..lg(e~ hi other i:t";\'H~ 1"t payfm:lil. ....u~:h
<br />amounu. xftlm oe. payame upon noll!.;.C {rom Lcnucr w 8orn.lwer fe\lUC,5l1tlg Pd}i1h..:ni !hf'r\,'iJL :.o1U shaH he;" interesf fi\'iil me
<br />date of dPbuJ"tC-tMn. .M the. r~l4 paYil~ frVffi time W lime ,Ih \ltHstan\,liog prin...~lpal hnder the Note unlcs!i p.aymt"nl of ifllcfe~t
<br />** we.h 141:((" would be l.'oot!ary to RllpJKab'c la",', !l1 v,'h,l.:h ('"vent "ll~..h ltflWU/U<, ~haU i~<tf lnh"ft.~~' ,it lhe fllt{he'il Cltt'
<br />petnu_bkl UNW{ apphcabJe luw. Nothin~ o'ntamed Hl Itll'" P<iIJ~u\ph ,hili! ,:,el,lwre l,('oder ft. IrlL'Uf Uti)" C\["e'nse \10' take
<br />Atl~ achon I..eund<<~
<br />. &. I..,.nlea. f .t'.l'\d<:r mAY mue tlf (<H.i~ W t'>t m4de rC4101.ma.bk entne'~ I.lJllHl ,Ind i1\"p~,,;\..;l(,H~ oj lh-c rl(~tlt.'rt\ !~f\" l~kd
<br />~~:~~':'~I[::,;Utn:'>WCl fX}!:i~t. rflvl 1.0 im) ~~lli.:h il1:ipeI:Hf\f> "pcl.:j:fym~ H::~Hi'lhk ;..ili.!X. dJi;(d;;,<, ~..:l.::tic"i H' t nHh:-'i
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