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<br />Utvrgoart Covt:rvnarz~s. Borrower and Lender covenant and agree as fellows:
<br />1. Payrueat of Pritteipal and Interest. Borrnw.r shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Mote, prepayment and tall charges as pravided in the Nate, and the principal of and interest
<br />on env Future Advances secured by this Deed of Trust.
<br />~. Faods fw Tarca.atsd D~aratrce. Subjec4 to applicable law or to a written waiver by Linder, Borrower shall pay
<br />to Lender an the day monthly ~irsstaltments of principal and interest are payable under the Na[c, until the Nole is paid in full,
<br />a sum: (herein "Funds'°) equal to one-twelfth of the yearh• taxes and assessments which may attain priarity over this
<br />Deed of Trust, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments foe hazard insurance.
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, alt as reasonably estimated iniiiaily and from
<br />aerie to time by Lender on the basis of assessments srtd bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits ar accounts of which are insured ar guaranteed by a Federal or
<br />stale agency (including Lender if d.ender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance pre,riiiiu,s a.~rd g:.^,und rtrts. Tender may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessments and hilts, unless Lender pays Borrawer interest on the Funds and applicable law
<br />pttmits Lender to make such a charge. Borrower and Lender may egret in writing ai the time of execution of this
<br />faced of Trust thatsnterest on the Funds shall be paid to Borrawer, and unless such agreement is made ar applicable law-
<br />requires such interest to Ix paid. Lender shaft not be regmred to pay Borrawer any interest ar earnings on the Funds. Lender
<br />shall give to Borrower, wi[haut charge, an. annual accoim;ing of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. T'he Funds are pledged as additional security for the sums secured
<br />by this Peed of Trust.
<br />if the amount of the Funds held by Lender, together wish the future monthly instaTimenis of Funds payable prior to
<br />ihi due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required [o pay said taxes.
<br />assessments, insurance premiums and ground rents as they fall due., such excess shall be, at Borrower's option, tither
<br />promptly repaid to Borrawer or credited to Borrawer on monthly installments of Funds. If the amount of the Funds
<br />Ticld by Ixnder shall rwt he sufficient to pay taxes- assessments, insurance premiums and ground rents as they fall due.
<br />Borrawer shall pay to Linder any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Aarmwer regrtestiug payment thtreof.
<br />Upon payment in full of alt sumz stc,ered b} this Deed of Trust. {.ender shalt promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph t 3 TN rent the Prnperry is sold ar the Property rs otherwise acquired by Lender. Lender
<br />shaft apply, nt,i later than tmmtdiately p~ ear to the salt of the Property or its acquisrtion by Lender, any Funds held by
<br />E.iad^_r at the time of ?pplicatic rt ac a credit against rho sums sccurcd by this Dtect of Tnist.
<br />3. Application of Payraexls. Unless epphcahfe Eaw provides athtrwise, ail payments received by Lender under iht
<br />Note and paragraphs t and Z hereof shalt he apphtd by lender first m payment n€ amounts payable to Lander by Borrower
<br />un,ier paragraph 2 hereof, thus to interest payable on the Nate, ttren to the principal of the Note, and then to interest and
<br />priticipai on any Futuro Advances.
<br />4 ('Ames: [.leas, Barre+w~rr shaft pay at1 taxe., ;,>sessments and ether charges. fines and rmpsstnons aurihutable to
<br />the Property which tray attain a pnaraty over this Fred of Trust, and ieasihold paymtnss ar ground rents, if any, in the
<br />manner pmvideel under paragraph 2 hereof or, if not paid in Birch manner, by Borrawer malrng payment. molten due. directly
<br />to the payee thereof. Borrower shall promptly furnish to [.ender all notices of amounts due under this paragraph, and in the
<br />event &srrawtr shall make paymem drrectft. Barrawcr shall promptly furnish so l.endtr receipts ecidenctng such payments..
<br />Borrower shall promptly discharge any Tttn which has priority aver thrs Died of Trust: provrdeci, twat Borrower shat! not trt
<br />rtqu"reed to discharge env such lien se Tang as Borrawer shall agree in writing to the psvrncnt <?f the abl,gauon secured by
<br />suirh ilia in a manner acceptable to tender. <:r shalt an good faith contest such lrtn hs•, ar defend enforcement of such hen in.
<br />itgaLpproecedings whitth oRerate in prevent the enforcement ~~f the lien or farftitiire at the Pcaperty ar am' part thereat.
<br />5. Ntwsrd JastoraacY. Barmwcr shag kttp the rmprovemtntc new txrsttng ar hereafter erected an the Property insured
<br />against lost by flu. harards inctudtd withrn the term "extended cc>verugt". ancf ,ueh other hazards as T_endrr may require
<br />and in such amaunss and for such periods as Lender may rtqutre: provsdtd. that l..endcr xbaTl not require that the amount of
<br />sisth cotrciage exceed that. arixiunt of covtragt required za pa4 the sums secured by th;s Dted ni "Lrttst.
<br />The irssuranee carrier providing sht insurance shall fm chosen fiy Borrower stibicct ti+ appravai hy~ I.tndcr; provided.
<br />that arch aypmval sha!# net tie unrtasonabiy wrthhtld Att prtmtums an insurance TwGciis shalt I+e paid ui the manner
<br />prirvided tender paragraph 2 hereof or, d net paid in such manner, h} Bsirrinver making payrnenr, when dui, directly tie the
<br />tOSUratice Cirrltr.
<br />Alt insuranct policies and rtrtewals Ihercat shall hr :n taa~m acceniabTt tr+ i.ender and ehai! include a standard mortgage
<br />ciaust in favor of and in form aeceptabie to i_cnder. T.endez shall have tTse right ra held the pcficies and renewals thereof.
<br />xxMi Bt1fFS}wtr shall prompiiy furnish to Leader al! renewal ncN lets and all n:~ctxpts of p:nd premiums. In the event of lass-
<br />Borrower shall givt prompt notice to the insuranct carrier and l.rndtr I_en.ltr may malt proof of loss if not made promptly
<br />by BOtrowir.
<br />Unkss I~endtr and Borrower cnhexwise agree ns untrng, insurance prazzcds ,hall be applied tie restoration ar repair of
<br />tlbe Property damaged, prvvirkd such restoration or repair s, rczmzismcail}' 7easiblt ,rod tTst security a( Ihu Deed of Trust is
<br />cwt thereby impaired. If such restoratwn ar repau ,~ net tcoaamucaTly fcas,ble or d the security of this Deed of Tnrs[ would
<br />be impaired, the insurance pratetdx shad be appliczi ro sett: Baines sccurrd by this fhtd of 'frost. with the txcesx. tf any, paid
<br />Eu Iorrower. If'ttit Proptrt}' is aTtandatstd by Burros,+cr,..±r it Elerrower t;uls tzr respond to Lender within 30 days from the
<br />date nattci is mailed by L.endet to Sarrowcr that the msurarice carrier alters to little s clmm far insurance benefits, I_eniler
<br />is authorized is collect and apply the insurance pracecds at l,endcr's apnan c,iher to restoration or repair of the Property
<br />ax w tAe sums sccurrd by this Dead of Trust.
<br />Unless Linde[ slid Borrawer athetwist agree in westing, any such application of proceeds to principal shall not. exttisd
<br />or pastpoex the due data of the nsanthly iextatlnirrits reicrrrd is in paragraphs I ancf ?hereof or change the amaunt of
<br />such irtctallmrnis- Tf uttdtr paragraph Tri htrrot the Property rs a.yu,red tsy i_ender, al! right, title and interest of Borrower
<br />m sad to any insaratice pohcits atxl in and to the proi:ecds ihereiet eesutting Cram damage fir the Properly prier to the sale
<br />or acyuisiiion shag to bender to the extent i>l the Burns atcured by this I?eed of Trust immediately pricer to such sale ar
<br />acquiztition,
<br />i+. Prnervatioa amd klMateaattce of Proptrty; LtasrAuhts; C.ondominiarns; Planned Uni/ Iaevclopments. Borrower
<br />=haft kelp chi Property sn goc~3 rtpasr and shall nzrt cnmrnit waxer or prrmu impairment ar dcierioratian zit the Property
<br />and shaft campfy with the pravisians <f any Toast if this T]ced :+f 'Trtest ,. on a irasehald. Tf this Deed of Trust rs on a unit sn e
<br />catidptttinium or a plantxd unit devclopntem, Borrawer strait perform ate of Borrowt,'s obligations wader the declaration
<br />ter covenants creating ar gc9verning the carulonrittiurn .,ir pfanntd unit dtvtiapmcrst, chi by-i~~ s and regulauans of the
<br />condottsinium or Rlarttncd unit devilapmeni. and cansutucnt d+~i:uments. if a condominium or planned amt dtvrlapment
<br />rider ix executed. by Lorrawer and recorded together wsth this Decd of "T"rust, the covenants and agreements of such rider
<br />shall he incorporated into anti shill amend and suppTenittu the ccavrnanrs and agreements of this Deed of Trust as if the rider
<br />were a part hereof.
<br />7. Protection of I.estder's :security. If Borrawer fails to prrfarm the covenants and agrttmtnts comained in shin
<br />Decd of Tna3t, ar df any action ar T>rocte~ding is comntcnctd which nrattreaity atYsxts Lender's iatereat hi the Prapert y,
<br />including, but net limittd ta, eminent donsain, insalvtnty, cafe enforcement, or azrangtments or prace"tdings involving a
<br />bankrupt ar dtcedtnl, thtn Linder at lender's option, open unlace to Born>zvtr, may make such appearances, disburse Barb
<br />Burns arsd take Belch action as is riectssary ra praitct Ixnd~tr's interest, including, hu! ^a[ limited to, disbursement rsf
<br />reaconalsk atiorritys fees and entry upon rha Fmperty to rrralc repairs- ff E,tnder required mortgage insurance es a
<br />cc'aYitxan of making the loan secuttd by [his Dtid of Trw[, Borrinver shall pay the premiums required to maintain such
<br />ittsttr8tice in cT(tci until Bitch tune as the rtgviremint fine such insurance terminates in ac¢~ordante wish Borrawei s and
<br />[.euder's written agxcctrstat or applicabbk Taw. Borrower shall pay the amount of a#I mortgage insurance; premiums in the
<br />enanfaea prop+idtd urukr paragraph ~ hirtof.
<br />Any atnounas dls}rursid 6y Lentfcr putsu;srtt to [his paragraph 7. with inrerest thereon, sha41 ixcomr additrar.al
<br />itltic3itrdntss of Bwrower smired lsy ibis Decd of 'Trost. i, nlcss Borrawer Brut I,cnder agree to ot[ier terms of payment, larch
<br />arrreunts shell ht payable upon notice Pram I_ttrc~.r to Bctrrawtr reytxrting payrnenr thereof, and sfeali tzar i.rzterrst fr im the
<br />*,Yitrsrif dL°buraemeut a[ the rote payable. from time to rims on cirtstanding prrncipaS under ihe's..ote~ arnless payment of inrtrrst
<br />at xisc?i rite woukt bi catxirary to applicable Taw, in which event such amaunss hall t?tar inrrrrst at the }zightst rate
<br />perrniasit,se u'Micr appTicabTt law. Nat},rng cantainid in iftis paragraph 7 shati require Linder to incur any txpcnse or take
<br />arsy actax, ticreunder.
<br />g.. laispcctfptli. I..txkr may make ar Cause u> bt made reawriatrii eritnrs upon and inspections of ihr Praprriy. provsdcd
<br />ihit ice,des shall t:i~. $tarmwer naficc prmr to any such inspccii4xn sptc:ifyiag rtawnabtr cause tix~zefor rtiatexi iii [ rndrr~+
<br />3natrir~i. rn tkne Pt~itatitiv-
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