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<br />82~,~~~i~0~~0
<br />tlxtFOaht Covarterrrs::.Borrawer. and Lender covenant. and agree as faflaws:
<br />I, ttsyment~o[ Pr}ecipal and taterest. 1orrower shah. promptly pay: when. due the: principal of and interest on the
<br />indebtedness evidenced by theP7atc, prepaymentandlate charges as pmvrded inihe Note, and tfieprincipal. of and. interest
<br />oix anyy Future Advances sec~rred by this'Deed of 7rnst.
<br />2 Frndt [K Tam and tmuraatt. Subject to'applicable law or to a wriIfeo waiver by Lender, 8orrowei shall pay
<br />to Lender on the dal monthly installments of principal and inierest are payable under the Note, until the. Nate is paid in fultr..
<br />a sum (herein "Funds"1 equal to one-twelfth of the yearly taxes and assessments which' may attain priority over This '
<br />reed of Trust, and ground rentson the :Property, if any, plusone-twelfth of yearly,premium installments for hazard. insurance:
<br />plus ern-twelfth of-yearly premium instalitnents fQr mortgage insurance; if any, all as reasonably estimated initially and from
<br />timrtotime by Leatkr an the bas}s of,assessments-and bills and reasonable esdmstes thereof
<br />The Funds shall be htld in an institution the deposits'ar accounts'of which `are insured or guaranteed by a Federal ar
<br />state agency (inciud''mg Lender if L.tnderis'such an institution)' Lender shall apply he Funds to pay said taxes, assessments:'
<br />insurance:pretruumssnd ground rents. Lender may not charge torso holding and applying the Funds; analyzing said account
<br />or verifying and compi}ing said assessments and bills unless Ltnder pays: Borrower intetrst an the Funds and .applicable law
<br />permits Lender m:`make such: a charge. Borrower and tender may agree im:wriiing at tfie time 'tif execution of this
<br />Decd of Trust thatrnterest on the Ftinds shalt lie paid to Borrower, and'unttsssuch agreement is made-or applicable law:
<br />requires such interest to be paidrttnder shat} ear lx required to pay Borrower an~~ interest or earnings on'theFunds. Lender
<br />shall give to Borrower, without charge, an annual acccruntinfi of the Funds showing credits and debns to the Funds and the
<br />putFtosafor which each debirto the Funds was made. The Funds are pledged` as additional'stcurity for the sums secured.
<br />. by this Deed of Trust:
<br />If thr amount: of the Funds held by Ltnder: Together with the furore monthly, installments of Funds payable prior fir
<br />thedut darts of taxes; assessmtot ,.insurance premiums and ginned rents, shall escecd the amount required o pay said taxes;
<br />assessments; insurance premiums and ground reins as-They fall due, such excess shall he, at Borrower's option, eitheY;
<br />promptly txpaid toBorrown or credited to Borrower on monthly installments of Funds;if the amaunE of the Funds
<br />°held by Lender shall not ire sufficient o pay axes, assessments, insurance.. premiums aad. ground reels as they fail due;
<br />Harrower shall pay fa teaderany amo~nr necessar}' io make up the deficiency within 34i days firom the date notice is mailed
<br />by T ceder: to Borrower requesting payment thereof:
<br />Upon payment in tali erf a}i sums secured by This thud of Trust, Iander ~hatl prornptty refund to Borrower any Funds
<br />hdd by Ltnder. }f under paragrapii 1 }t hereof the Property is sold ar the Propcay is otherwise acquired by Lender, i_ender
<br />stialll apply, ntr }stet than tmmedtate}y prior to the sale of the Procerty or its acquisition by Lender, env Funds held by
<br />Lender atthe time of application as a credit against the sumssccured ~by this Deed of Trust.
<br />3..i1•~/Keatlprt o[ taYtsten4. 13nlessappGcable !aw pmvidts othensase, alLpaymenis received by i.ender under the
<br />Note and: paragrapphx i and 2 herea6 shag ht applied by tinder first in payment of amounts payable to Ltnder by Borrower
<br />under paragraph 2 hereof, risen to interestpaya eon the. Nail; then to the. principal of the Note, and then to interest and
<br />printipa} on any Ftrtnre Advances.
<br />d CAar>Lat Gies. Bormwts shall: pay a14 Taxes, assessments and other charges. fines :red Impositions attcibutab1e ta-
<br />.:the Ptopertg which may attain a'priority aver`this Deed of Trust: and leaseho}d oavments ar ground rents, if any, in the'
<br />moaner provided tmda paragraph 2 hereof or, if pas paid in such manner, by Borrower making payment, when due, directly
<br />to the payer tlrtrarf. Borrower shall promptly furnish to l:cndtr all notices of amounts due under this paragraph, and in the
<br />evert HotTo+ver ahai/ make payment directly, Borrower shalt promptly turntsh to Lender receipts evidencing such' payments.
<br />Borrower ahal3 prompt}y discharge any tin which has priority aver this tktd of Trust: provided, that Harrower shall not ere
<br />-required to discharge: any such hen sa long as Borrrnver sball agree in writing to the: payment of the obligation. secured by ,
<br />such lien in a taantter acceptable to Lender; or vhalf in good faith contest such lien by, ar defend entorctment of such lien in.
<br />}egal in which operue. to prevent the tnfartxment of the Iitn nr forfeiiurc of the Property or any part thercoE ;
<br />3• lii~ti IMratata Borrower she!} kelp thtrmprovemcnts now existing or iiareafttr erected rrn'the Property insured
<br />against ioas.by Rrc, hazuds inclttrkd within the term "extended coverage", and such ether hazards as Lender may regpire
<br />and in such: amounp and for such :periods>as Lender may require; provided, that Lender: shall eat require that the amount c'
<br />such eovtfase e><caeti that aou>trat of coverage required to pay the sumrs Berated by this Decd oC 1'ntsi.
<br />The insurance carrier providing the insurance shall be chaste by Borrower sub{ect to approval by t.cndcr provided.
<br />that such al.sha}} trot be unreasonably withheld. All prtmiurtm on insurance paiicies shat} be :paid in the manner
<br />provided trot paraaap6 2' hertM or, if twt paid`n such manner, by 8arrower anaktng payment, whin due, directly to thz
<br />tmutaooe carrier.
<br />All tuurance policies and renewals iherrnf shall be in form acccptab}t zo Lenckr and ,ha3} include a standard mortgage
<br />clause in favor of and in form acctiptable to tinder. Lender shall have iht rigist in hol ! the policies and- renewals t fierevE;
<br />std BorrowershaU promptly famish io Lrtmer all rcraetval pollees and aN rectrpts of {paid premiums. In the evcnf of lass:
<br />Barrowet ii}ta}I glut praroptttotice to t}te imunnte ratrrtr and }xnder: t ender may makt proof of lass il' i+ot made promptly
<br />by Horrrnaw.
<br />Unless Leader and Borrnrrcr otherwise agree in writing, insurance proceeds shall }re applied to restoration or repair of
<br />the Property damaged, provided such restoration ar repair is cacotsarttacally ftasiblt and the. security of this deed of Trust Is
<br />not !hereby rmpured. Ifsttch tYStoratwe or repair is eat econamicalty feastb}c arii'thc security of this i~ted of 1'ntst would '
<br />be imputed„the ituuranct proceeds sha}} be applied to the sums secured b;+ this l3rt:d of Trust, wrth the: excess: if any, Pald
<br />to Borrower. 1[ the Property is abuadantd by Borrower, nr if Horrow~crfaiis to respond to Lender within 30 days .from the
<br />date ntllite is mailed by Lender to Borrower that [he insurance carrier offtn to settle a c}aim far insurance benefits. Lender -
<br />is aulhotizeJ to collect and apply the: itaurance proceeds at`Irnder's option either its rtstaration or repair of the Property-
<br />or to the wins securcti by this Deed of Trost.
<br />Unless Lender aad Hotrawer otherwise agree in writing, arty wch application crf proceeds to principal shall not extend
<br />ar postptuce;the due date of the monthly ittstailrtten[s referred to in paragraphs } 'and 2 hereof or change the amaum of.
<br />such ittstaitmarts. }[ tteder pittttjraph tlT htteof fht Property is'atquired by Ltnder, all right, title and interest of Borrower
<br />in aad to aay ittsiuaace poiictes and m and to the proceeds thereof rtsuitrng from damage to the Property prior to the sale
<br />or aargttisftion slntii pass to :Linder to rite eatttat of the sums secured by this Dec6 of Trust immed'tatcly prior to such sale or
<br />acqusstaoe. `
<br />6. lTnaerwliw ant Mtirtieatrce d holerry: ~ Cordaa~itsess;- Plawtsed Unit Develoresewts. Borrower
<br />' ~hatt ktxpthe Property in gaodrtpair andshali notcommu waste or pcrmrt impairment or..deteriaration afthe Property
<br />and slyB comp}y with the provisions of any lease if this iJeed of Trust is on a ieasehaad, tf ibis Deed ©f Trust is on a amt in'a
<br />cottdomineum or a p}saned unit devt}opitrcpt, Borrower shall perform alt of Borrawtr's obligations under the decfaratran
<br />or covtaants eseating or governing tot rnndominium or planned uni: development, the. by-laws and regu]ations of the
<br />ceodptuioittm or piaened afar development, and eatistituent documents. ]f a condominium or planned unit dtvciapmcnt
<br />rider is exa:uted by Borrawtr aMi rttorded together .with this Deed of Trust. the covenants and agreements of such rider:.:.
<br />shalt be iriWrparattd into and sbalE amend and supplement rite covenants and agreements isf this I~Ctd of Trust as if ttre rider
<br />were a pant hereof:
<br />Psafss:Uon o[ [.eater's Secnrlty. If Borrower fails to perform the cavtnants anti agrtemrnts contained in this
<br />Deed'of Trust, or if. say attoa ar proceafiag is commenced which materially affects }indtr's interest ir,'t}ic Property.
<br />itrc}uding, but eat: iimitsd to, cmirxnt domain, iPtso}venc}°: code tnforcemtni, or arrangements ar procteditigs involving
<br />bankrupt ar decedent. then Leitdtt ai Leader's cxptian, upon rwtice Pa Borrower, may make such appearances; disiur;w ~u~n
<br />Bunts and take such ac'tton as is necessary ie protect Lender's intertsf, including, }rut not limited to, disbursement ni
<br />reasonable attorrre}`s fees and entry upcin the Property to make repairs. If Lender required mortgage insurance as :+
<br />condition of making inc loan stinted by this Eked of Trusf,Borrower,shaq pay the premiums reyuired to maintain sucit
<br />insurance in effect until such time ax the requircmaK7t farwch insurance terminates in accordattcewi{h.:Barrower'sand
<br />- Lender'< wriuea agreement or applipisie law. Borrower airali pay theamountof:a}( mortgage insurance prcniiuros pit the
<br />manner provided ender ~ragraph Z 3iereof.
<br />Aoy aawunu disbursed by Ltnder pursuant io this paragraph 7; wqh interest titeroan. shat} he~ome at'd ii tai
<br />indebr~dnm of f3arrawLC snared by tits Fktd of l-rust isnkss $pt'mwer aza lA,rrder agree xo ether icrnt; rf paymrr i ~u. i~
<br />amounts stsitl be payable. upcut notice fn>m 1-,cruder to Harr-twtr ~trtsriag ps}r?.e:rt tye,rteF, and shall #xxr ir~torest f ~~t i the
<br />daft of disbursemcoz at the rate payable from time w Sim.Y ore autstansii;+g p*mdpai under the Non _tnTtss aaymentat interest
<br />ar such rate would }y ccmtr6ry to applicable law, it v.hiah evert ~::h amoutns ~n~il Tktar snicrrst a: the higite^st rate
<br />perxnitaitile under applicable taw. NothitrgconGnlr:tid rn th,s paragraph ' ;_u!+ rcytiirc l..tn.dcr to incur any czptrMt or take
<br />any sctiart lxrtunicr.
<br />Z<. tat~eaYfsw. Csnd¢r ntaaymattt ar e:sust: to tic rnaric r z~;>a,7rc entries ~rpa,n and enspcctians of Thti: Pn,ptrty,}uo,ida,^tl.
<br />t3tat [.ender sha13 give &+rrpwtr notice priorto any :u.:h :nsrr._v.~ -. I ,pec;tv,ng ztascxrratsk ranee Phcrtfor rttattd t<>.'f,rndir's
<br />:ntcaeu is rite Praurrtv..
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