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<br />tltvtt~aM Covt=_taniv'is. Bonowee and Lender covenant sad agree as fotlows;
<br />1. ph`pace[-ofPtimipi~tutdlaterat. Borrower sha41 promptty pay when due the principa4 of acrd interest on tote
<br />ittdtlatednessevidumtedbythe Note, prepaytrnntend Satc charges as. pmr•ided in the Nate, and the principal of and interest
<br />oir a Future Advances srxurcdby this Dei*dofTrusz.
<br />Z. P'i~a4 E~ Tuns s~ itaneaace. Stitbject to app4icafsle Eaw or to a writte:s wraiver by Lender, Borrower shall paY
<br />to Lender an itie day mimthly inatalltnmts of princgal and interest are. payable under the Nott, until the Note Ss paid: in full,
<br />a stun {herein "Funds:) equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Decd of Trust, and ground teiitsop the Property, if any, pies Dire-iwetfth at yearly premium insta!Iments for hazard msurance,
<br />p4tas oar-4weltth of yearly premium instaTitntnts for mortgage insurance, if any, a14 as reasonably esumattd initia6ly and from
<br />ricrac to time by Leader on the. basis of assesstmntts and b4i4s and reasonable estimates thereof.
<br />The Furntis shat! be hdd in an ittatitution the deposits or accounts of which are irtsured or guaranteed by a Federal ar
<br />stalicageaey #incletdiagl:.ertder if Len~r is-such an institution). [.ender shall apply the Funds. to pay said saxes, assessments.
<br />imuratitx premiums and ground rents. Lender may : of charge for so holding and applying the Funds., analyzing said account
<br />or v»trifpitig.attd compiling said aem.eennew..ts and. bills. unless Lender pays Borrower rmerest on the Funds and applicable law
<br />ppeennies Lender to make stxh a charge. 3orrower and Lender may agree in writing at the time of execution of this
<br />Dud of Tivst shat. iattreat an the Foods shall be paid. io Borrower, and unless such agreement is made or applicable law
<br />regiam sorb intert~ is be paid, Lender shalt not be required to pay Borrower any interest ar earnings on the Funds. Lender
<br />shall give to Burrower, wittput charge, aa,annual accounting of the Funds showing credits amt debits to [he.Funds and the
<br />pngpoae for which cub debit to the Funds was made. The Funds are pledged as additional security for the aunts secured
<br />by this Drecd of Trust
<br />Tf the amoarnt of the Funds held by Lander, together with the future monthly insaallmmts of Funds .payab4e prior to
<br />ahc ducdates of rasa, asaessrnents; insurance premiauns and ground rents, shall exceed ttte amount required to pay said taxes,
<br />attseasments, itnurance prerniutns and grouted rents as they fall due, such excess shall ire, at Borrower's option, either
<br />proitnptly repaid. to Borrower or credited to i3orrovyer on monthly instalkments of Funds. If the amount of the Funds
<br />livid by Leader shall. not be suflitieat to pay texts. assessments. insurance premiums and ground rents as they fall dtx,
<br />HixTitoXtr ahaEl pay to Leadtt any amount. accessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Hicttder t0 Borrower ttgitestiog payrttrn~ tltertof.
<br />Uptm paymrnria fop of ail satins stnzred by this Deed of Trust, Linder shat{ promptly refund to Borrower any Funds
<br />lrekl by Lender. ff utukr paragraph 18 hereof the Propeixy is soled or the Property is otherwise acquired by Lender, Linder
<br />shall apply. no later Khan tmtnedtuciy ):riot to the role of the. Proputy er its acquisition by f-ender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured try this Deed of Trust.
<br />3. A of laytaepls. 13n1tss applicable Saw protrides otherw+u, a44 payments rertived by Lender under the
<br />Note andparagra I acrd 2 htrmf shall roc applied by Lander first in payment of amaunts payable to Lender 6y Borrower
<br />tiadkr paragraph 2 hereof. then to interest payab4e on the Note, then to the principa4 of the Note, and then to interest and
<br />prirtstipal on arty Future Advances.
<br />i. CdrBS~ iJets. Borrower shalll pay ail taxes. assessments sn6 other rhargcs. fares -=nd tmpasitions attributable ro
<br />the Property which may attain a priority over this Deed at Trust, acid leasehold paytrttnts or ground rents, if any, Sn the
<br />rewsaer providid under paragraph 3 hereof ar, if rant paid in sorb rnanrncr, by Borrower making payment. whin due, directly
<br />i0 Eht pg#y« thereof. Borrower shall promptly furnish to Lender all twnces of amaunts derv under this paragraph, and in -the
<br />cute[ Borrasirershafl make payment dirtctiy, Borrower sha41 promptty furnish ur l,..tnder receipts evrtkncing such payments.
<br />Borrowtx shall promptty^ descharge any lien which has pnoritg over rhts t)ced of Trust; pravtdeii. that Borrower shall rat be
<br />tegstirtd to discharge any such ltcn k Song as Borrower shalt agree in writing to the payment of the obligation secured by
<br />sucfa lien in a tnaaner accepulate to [..ender, or shall in good Faith contest such tier by, or defend enfarremcnt of such. lien in.
<br />6egal ppro~aeedin$gss whtcfi aptratc to prevent the cnforcenieni of the lien ar t'orfeiturt of the progeny or any pan thereof.
<br />S. Atttsr! luiua~ee. Borrower shalt keep tae improvements r.ow existing or hereafter trecttd an the Property irrsured
<br />agattat 3aatt by 5ro, bowels included within ttie term "extended coveragt'", anti such other hazards as Lender may require
<br />and in such atitatau and for such pet7ods ax'l.ender may require: provided, that lxrrdcr sha41 not require that the amount of
<br />stub cavan•agc exceed ihafi amoirnz of coverage rrqurrtd to pay the sums secured by this Decal of Trrst.
<br />The insurance carrier providing thernxurartre srialS rte chesttt by }]tireawer subject as approval Pry 1_tnder: provided.
<br />that atrcfi approval obeli not bt uneeasoriabty withheld. AtS prxrttdams an insurance: policies shall art paid in the manner
<br />provided. wader pisra>erapth 2 hereof or, if not paid. in such manner, by Borrower making payment, whtn due, directly to the.
<br />bnwnaoee carrier.
<br />Aq insuraiiix policies and rteewats iStcrent shall bt rn torm arreprable to Lender and shalt inc4tx4e a standard mortgage
<br />rtattse in fever' of rind in form aci'tptabic to l.rnder. Lender shall knave the right to hold the paiicits and renewals thereof,
<br />apd Borrower shall pratnlMly furnish to Lttidor sal rctrtua! trotters and a)4 receipts of paid premiums. In the even of loss.
<br />Borrower shall) give prompt narice to the intwranrt carrier and l.tndtr. Sender may make prcaf of toss tf rat made promptly
<br />by Boirowei'•
<br />U~tas Letttkr and Borrower otherwise agree in writing, +osurancc prrxeeds shalt tx apptitd to restoration ar repair of
<br />the Praptrty dattxagtd. provided sorb restoration ur repair s ccnnurmcally feasible and the sraruriiy of this Deed of Trust is
<br />noF.therehy impaxrttl, if such tsstorrttaa ar repair is rat cccmomicalty fessib}e or +f the security of this Decd of 'T'rust wauid
<br />bt atsaptirtd, flit insurance protxeds shall he applied to tht sums secured by #his Deed of Trust, with the excess, if any, gaits
<br />to Harrower. if iht Property is abanttgricd oy Borrower, s,r if ftorrowsr fails to responds au Ixnder within 30 dsyti from the
<br />date tiatice is mailed by Lttuke to Borrawtr that the insurance earner oifrrs za settle a claim for insurance tretxfttx. Tender
<br />is:r.rt+aa>ti~+-.i to toiia-t stud applyy the inwranct prortcds at t r•ttdcr'A npti~n ochre t, r+~+:tcrn+.rnri yr e+~pair .+{ t~~ prerycrtti
<br />or to theaums secured this Y9eed of Trust.
<br />Unless Lendee acrd u otherwise iigrtc in wrung, arty ouch application of proi:etds to princfpaS shat! rat extend
<br />or postpime the due date of atac monthly irtstatlmtnts referred :a ;n paragraphs ! and. ?hereof ar change ttte amount of
<br />suehinstaBttaeR9s. if wader paragra lg hereof 2ht Propene ss atqutred by l.cridcr, sit right title and interest of Borrawcr
<br />in and to aRy tnsuraare polrrres acrd rn acrd in the prarreds thereof resu4fing tram c4amagt to the Property prior to the sale
<br />ar acquusition shall) pats stn Ltadtr to the, extent of the sums scrutexl by this f?etd of Trust inamcdiateiy prit+r to stub sale ar
<br />~6. Ph~eies•rsaaw rocs MritttMisoce at Properity: t.caxNoMLv; Caadoeaiaslarmx; Pranced Unu ihveiopments. Borrower
<br />cStali keep tlx Proptny in goad repair and shaft cwt rnmmit Kaxte e*r permit impairment err deteric+ratien of the Property
<br />and scuts Gamyiy with the provisions of any lease if thu IJced of Trust is on a leasciso4d. if this Deed of Trust is on a unit in a
<br />cattuaittsn ar a planned unit development. Borrawcr shall pedarm at! of Borrower's ali4igatrans under the dtrlaratian
<br />nrto++enanh criaiting. or govcming the condominium ar planned unit deve4aptrtent, z}re by-Sawa and regulations of the
<br />ctitndoniiriiumor.plaancif unri devrtopment, and. coristituem do,:umtntx. if a condominium or p4atantd unit development
<br />rider 'is tzttitied try Berrawer and rtcordtd together w;rh this Deed aE Trust, the rovenanss and agreements of such ndtr
<br />stsafi be ~rrcarparau;d into oral shall stnttid and suppiemont tlre+rovcttants and agreements of this f3eed ai Trust ax ;f the rider
<br />wtrc a pan Deaf.
<br />7. t'nKertlen ref [.tisilers siea^ssitY. If Barrowcr fails so preform the cavcnsnts anti agreements •~ontaincd in this
<br />Dated of?rust. or if stay aetiorr or praeredt`ng is canimcnced wtttth materially affects Lender"s anttrest !n the Prtsrierty,
<br />Sntiuding. foot rat iimiribd to, ettittrertt dorrarn, irsw4veucy, code enforcement, ar arrangertnrots or proceedings involving a
<br />bankrupt or decedent, 'rien L.tndti• az Leidcr'soptios, open racier to Burrower, may make such appesrancaw, d;sburse such
<br />sntxs and cafe s<rch az:tian sx is ntcesxary to protui Letadtr's interest., including, but rat limi.red ta,. disfnrrsernent of
<br />teasanabk attarner'x fees arxf tmzy upon ttrc Progeny to make repairs. Sf L,e>ider required ntortgagt insurance ss n
<br />c aixiiuun oK rru,knp, the to-an aecirred. try tins f.' a of Trust. Barrzswer ~ha41 pay ttrC premiums required to mainta+n uch
<br />!maurance in effect wort[ such time astftc requirenaena 8or stick insurance tcrm4nates in arcordaate with Horrawer's and
<br />i,ntder'x wnttra ageetmcnt ar nppSieahit'Favr, Harrower assets pay the amaum <>f a4S rriongagt insuratset premiums In the
<br />mawne[ pravoded umtcr uxragrsph.~ hioeo[.
<br />Any aniexiises ,lis#wrKd by Lertdtr puranattt m thin pnrag;apb 7, witfr interest ti~trean. shat! 6rcc+mc add'rti4nai
<br />etissehttdrarax cif Barra.ver st+:.vred air ihas E)eesix7f "Frost. L`n7est Bastowtr and l.endcragrrx to other team of paymear. such
<br />arartwo^,a sties! M ryayat+k etpur: nutzcc from Leudtr #a Borrower requesting payrnem tlsercaf, and shaft hear interest from the
<br />due of daiburxnsrai at tree exec tuyablc`fmm brae to tittle onewutstandir@gprittcipaS-ender the Nate unfess payttaeitiot inttresf
<br />- at such raft, would be estuary to tipplieabk law, in whirls tvettt sorts amoxxrKS shaft brae rntetest at. fhc fvghesi rats
<br />p~mirtutrk order appiigbfataiir. Nmltiag torte^iired in this paragraph' stra4l rtstuirc Leridtr to incur any expense or take
<br />a+.ry a+:.trnn lxra:rsdcr.
<br />!. ritsr/rrtWstw. Leixdcr atsy taakc or cause to ire made rcassmablc aneratx upon. and itaspvtriotts of the Prapcny. provided
<br />that L.cndcr arras,! 6iac Bsw'~rrwr+ar rsotitt pitior _m any such inaptcrian spCtifying rcasoiaablc~ tauu ifstrafor rrlat~xf to Larder 1
<br />rim +n rim !!"roiNaYS:
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