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<br />UNtNOart.Covtivaxrs. Borrower and Lender r;ovenant and.;agree as fgllows:-
<br />1. Payment of Principal and Interest. Borrower`shsll promptly pay when due the-principal of and interest an the
<br />indebtedness evidenced by the Notc prepayment-and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances-secured by this Deed of Trust. -
<br />2 Funds for Taxes snd Insornnce. Subject to applicable law or to a written waiver by Lender. Borrower shalt pay
<br />to Lender on the day monthly installments of principal xmd interest are payable under the Note, until the Note is,paid in fall,
<br />a sum Qtereinc"Funds").equal to one-twelfth-of rho yearly taxes and assessments which may attain priority over this
<br />Deed of Trust, and groumd-rents on :the Property, if anv: plus one-twelfth of yeartypremiun installments for hazard insurance,
<br />p[us4ne-twetfth'of yearly premium insiaAtnent, fz~r mortgage insurance, if any, al( as reasonably estimated tnStiall} and from
<br />time to timebyLenderonffiobasisrof:assessments and bi}ls and`r"easonableestimatesihereof.
<br />The Fund`s hali be held m an institution the deposits-or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such 4in institution). Lender shall apply the Funds topaysaid fazes, assessments.
<br />insurance premiums and ,;round rents. Lender may not charge for so bolding and applying he Fnnds(yanalyzing said account
<br />orverifying atidcompBi:iG said a~secsmenta andibilPs, tmless.Lendecpays Borrower in[erest;on the,FUnds and applicable law
<br />permits Lendet_ro make such a charge. Bo:rower andTendermav-agzee in:writing; at the timeof execution of this
<br />Deed. of Trustaha[ interest an the. Rinds shaft Be paid roBorrower,. andunless suchagreemenr is`made. ar applizable taw
<br />requires such interest to be paid; Lender shall not-be required to pay Bom any interest or earnings nn the Fund,. L ender
<br />shalLgive to Borrower; wifhout charge; an annual accounting or the Funds snowing cxeditsandc7ebits m [hc Funds :,nd the
<br />purpose for which each debit to the'Funds was; made. "Fie Funds arc pledged as additional security for-the sums secured
<br />by this Ihed of Trust,
<br />- if the amount of they Funds hetdby Lender, together •.+ith the lustre monthly installments of-Funds payable prior ro
<br />thedue dales oftaxes, assessments, insurance premiums and ground rentc, shall exceed the amount requiredao pay said lazes.
<br />assessments, insurance'premiums and ground rents as.they fall`due; such excess shall: he. at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly-'installments of Funds. If the amount of the Funds
<br />held: by Lender-shall not be suffacienr to pay taxis, atssessments, insurance,premiums and ground rents as they fall due,
<br />Socrowcr shailpay to Lender any amount necessary ro make ap the deficiency within 30 days from he datenotice is mailed
<br />by Lender to Borrower requesting payment hhereof.
<br />-Upon payment in fu11-of all sums securedby tits Deed aF Trust: Lender shad promptly refund to: Borrower anv Funds
<br />held by Lender. if underparageaph f f3 hereaf the Propertti' is sold e~ the Property is othcrrvsc acquired by Lender. l_endcr
<br />shail:appiy, no:dater thaaimmedtatety prtorto the sale of the Protaetty grits acquisttionby Lentlecany Funds held be
<br />Lender at the: dime of appiicationasacredit against the sums secured byahts. Deed of Trust. '
<br />3: Applllestinn ofPayments..:Tnlessapplicabtelau•.providesothcrwesa a19 payments recerved;bp..Lendcr under nc~
<br />Note andparagraphs t and2 hereof shall beapphedby9..cader fiat in payment: of amountspayable to Lender t;y Borrower
<br />under paragraph 2 hereof, Ihen to interest. payable on the Nate. Then to the princtpal'uf the Note. and then to in lerest .rod
<br />princi al on any-Fuatre Advances.
<br />4. Char(tes• LienK. Borcowcr shall payatt races, assessments and o[her charges fines and impositions atttibutxble a~-
<br />the Property which may attain a: priority over this Deed of Trust, and leasehold paYmentsor ground rents, if':any, in the
<br />meaner provided'underpaeagraph thereof or; if not paid in such manner. by Borrower making payment, whentdue, direcd}'
<br />to [hepayea thereof. Borrower shalLprompdy t"urnish to :fender alinotices of amounts dtic under. this paragraph: and in-the
<br />event Bormwer'shait make payment directly,. Borrowershall promptlyturmsh to [.ender receipts evioencing sucfr payments,
<br />Borrower shelf promptly discharge any lien which has: priority aver this Deedaf Trusc;. provided:. than Borrawer shad nntbc
<br />required to. dischargeanysuch liensn long,asBorrowersttalf agree in writing tathcpaymencaf the obhgauan:secured-by
<br />such lien in a tnantteracceptable to Lander, ar shall in gogd faith contest suchl~en by, +irdefendcnforcement of such hen in_
<br />iegaP ppra~ce=dings"which operate to:gmvent ;he enforcement of the lien tar farfeinue of the Property. or any part thereof
<br />S. Hwrd Imurucc. Borrower half keep•the rmprov'ementr now exrsting or hereafter erected bra the Property ensured
<br />against lose hyfire, haz~rdsincludedwithinaheterm"extendedcoverage". andsuchother hazards as Lender may rcgitire-
<br />andinsuchamountsand'forsuchpcriodsasl.cndcrrnayrcquire; prbvrded., thatl.endcrshallnoi require that iheameunf rif..
<br />such coverage exceed hat amount of coverage required to pay the sums secured b}' this Deed of T'riisc
<br />`The insurance. carrier providing the insurance shall$c chosen by Borrawer subject toappmwtlbv I ender. provided.
<br />thaesttt~li approval shall not be unreasonably withheld: Ali premiums on insuritoce pnliries shal!'be paid in the manner
<br />provided under paragraph 2 hereof ur, if noFpaid to suctrmanoer; 6v Borrower-making payment; +vhen due, directly to the
<br />imuraace carrier: '
<br />All insurance policies and renewals thereof shall be eaform acu:ptabtc to Lenderand sha(I incltidc a standard mortgage
<br />clattsdin favor of ttnd in form acceptable to Lender Lender sh:+ll have the right to held the policies and renewals thereof:
<br />and Borrower shall promptly furnish,2o Lender .'til renewal notices grid all x'eceipis of paid prcmitims, , to the even( i>f loss:
<br />r Borrower shalGgive prompt nouceto the insurance carriecand Lender..lsndermay maKe prooCof lvss.i(not iitadepromptly
<br />try Borrower.
<br />Unless Lender and Borroucr ~.niterwise agree to +vriung, uasuranee tieeds .halt be applied to resturauan ur repair oC
<br />the Properly damaged pravidec, such re,tarxttanor repair is ccanomi~a+t. ~,~, I.o{c ,utd [he security ofthts Deecl .t C 7rtist is
<br />nortticreby tmparcrd. If such cestorxuon or r,rpair is not ee+inami.^allyJ ~ a ~ It Che security oLthisDced of `1"rtis[ woald
<br />beiinpaired, the insurance prcu:eedssha7! be applied to the um„s secureu M rti'. nerd ~•sf3`ritst, w~rh the esces,. if any, paid
<br />to Borrower, tf the Property is abandoned by Borrower, aril Barrawc. I ..~ respotul to 1_endcf uithm 30 days Tram. the
<br />daterrotice'ismaeledby:LendertoBorrawerthatthetrasurancecarricria:-.•.;vettte<rchurnfornstiranccberiefits.LCndcr
<br />is authorized to`coFleri and apply the insurance.-pr.xceds zi Lender s of ti,;,:. entree tc reswratiati tar repaic+if ahe Pniperty
<br />Arlo the sums secured: byahts Deed of Trent.
<br />tJnkss Lgttder andIBorrowgrothetwise agree cr wru mg ,m .,c!- ^p~n ca.eon of proceeds to princt pat shall'~na[ za_r~nd
<br />or-poupone thedue datebf the monthly instailmen~. relen -~ ~n n::r grrphs t and 2 hereaf or. change zhe~:amount of
<br />such-inatallmentsi if nnd2rparagraph 1H her~fthe Yrvtx.rr lu r~u n, lcndu~. alt right, ^ticand tnterestgf $orrnuer
<br />inastd to agyinsurancepoliue. undin audio the t ~,,; .n - ~ ro_,ui .rag ;.onrdamage;w tha.Piop,,rty priorrrotne sale
<br />or acqu'wtion s[wll,pass :o t~:nde,- to the c,ter., oar thi ,um, ~.cw ~~a by ~h~s Dco~L of Tnvst imtncdi:tte3y prier tosuchsale oY
<br />. acgatvtion.
<br />[S- PreaenattsDa god Matefenynce of Nrupertr leauhafds Conoum+niumsl pfantud['nli Developments. $orrawer
<br />shall keep the Pit pert. a a", 3 p r ti i n ~ ^:, , t rmt atrmenc +ar xtcru~rai~an of the t raperty
<br />and shalt comply with tlx; presakn; ref ray le:.e~ it th -)eed . ~ r ut „- r ., hasahold Ifthis Dau ~C?rust., on. r. rrnitina
<br />condominimn cr a planned unit ae: e;opmcn[_ Bor sue; sh:~ x done cd; nl Borrower's.ohiiga[iansundrr the decle ration
<br />or covcnsn:x c[cating ur goacrning chi coadomif a :.~ to ~ "-ed ^r.;t aercigpment,ahe by-Eau; - n: :cgul,m.o.. f the
<br />condominium or planned cs.t de:e(opment, a~+d ~u s: [.t~_r d:,.mxnn '~'acerdaminiutr. or piar.ncd unit do ~. .rr:cot
<br />rider is execu[ed b}' Borrower ar.u recorded toecth r u,th .h : i?eed ;>t L-usi. the ~rov'enitinis and .,free r is eI r -.h rder
<br />shelf he ineorparated into and shall am~^nd and sal ~_~a the . ~ _,...~ , ; ex.~ agreemenu cibt D"•cJ o ~-.._.. t the. rider
<br />were a pare hereof.
<br />7. Protection of iendr s tiecurify. if $urr v i s r .~:m ~c ovenam and _r n rat-:~;ad inatris
<br />Deed of Trust, ur tt ~r+ ., ~ t :~, pioceedingis om - d v -_n r+ tta l::r r. Ampertq
<br />iedudiog. but. not ~:m:_cd iv, em•nent dottnatn, in< 1 ~ cc do c.n.arc.mvt ,t; ar:anr,cmen ~ n„>"i ,,.rng~a
<br />bankrupt or decedent hen Lt leer ~t Lao3cr's opu ~ ut t ri i ~ 8 " - r c. i n { F ~ r; -i; '. r ~uch
<br />sums and take su h a~ll+-^, as s .+eeessarj t+r p:o[c., Lenuer clerc.. i.i... ui,i i~ r t r.. f %d t d i. t. .t_ri ,
<br />reasonahle attoniey"s fees anct e:x ry ;ipiin ife Prope.rn t. „rk~ •-~r,,.rs. •cu. :rr c, ,cot,. 4:. r,ac: .~ as ~x
<br />- ~ -~.
<br />rondititan of making fhc loaat scour ed he thi lira of Tint. r3:.n:.w cr ; tc,l par ~ .:u, .y~a : .. s: ch
<br />inaurar.cc in e(Tc~t :.nail etch tine as the .c_tu ~c rt..r.:~.; sr-.h ~usurs i._ ~ ,,. -a a...r.~,. ~;--- s.. 13:, ~: ,, er> ::-~d..
<br />i_cudcr'a writrcr:.~getni r :+ arp S .a:v Bc,.,a. _~ >h.tli p„} !hc n.: ~ ~: , . v :r:r~c ", :rear r _;n•ur~s r tits.
<br />nranrtr pr3~tdeu .mdt.. r;arabr_rh he;. coC.
<br />i
<br />Any amounts dtsbnr-d rn l:end~ note ~rr t + p azr.ph n c ~~c ~ .-1 li it .,l
<br />indcEiednessaf $o +ucr :ee,e u, Sy ah.. Ikc.~ ,~ flu... -7~:1 B~._~c~+.:r-,r-,. I c : i.~c I t.n i , •.n u+ 5t =`
<br />an+c±unC she,! h~ ;a "•ihe u,, r.. :. c fr. -. ,-ttoc' t, &_. ~.. r°r;r.,~. r::.. ^f t~ c.: ~..n [hc
<br />t 's .i r ..
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<br />date oC dtnY t:ru•car - at:nc ra _ ,.=,eet is fr~u tin:~ tr LL-r:.. ~. t,,n _ i _, t-r !'. ,~ ti , ~ r-~r--rest
<br />at sc,ch r:a tc •r::,il, zK. ,i .1"„ar .i :.a yt~:~a~ -sa, i ~. Llc• ._~ ., t+~ - ~ ~ ~f~r
<br />Ill
<br />permi~thte curie: ~~! ~~.~le ..girth ~ ..[.:.~,... ~ 'r.r, , .,, ~, h ~ :cy i c :. _ . _I pe~t~, r take
<br />anv ac:.~rz t+c rccnd~r.
<br />S. iiLyprrt#nr 9 3 n tk° ~ r to i u h' c r. ~ t fed
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<br />the: L••-°cr st „!t~ _tc .~as+c u..,.: r ,. : <. , i n r_,,, - ,.
<br />:^.;crca• :,r .h+. Proc.,t„~. ~ a. s,. v . :_ v :ted•tr: t ~ndga"s
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