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<br />$~--~UG31~
<br />UNtFOtetsr CovetveNrs. Burrower and Lender covenant and agree as. foiPows
<br />1. Payment ofPrirtcipaPand'Interest. Borrower shall promptly pay when dne the principal of and interest on tfie
<br />indebtedness evidenced by theNbte,prepayment andiaiecharges as-provided in the Note, and the principal of and interest
<br />onanyFuture Advances secured by this Deed'vf Trust.
<br />2. )hbwds for Taures and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower hall pay
<br />r tti Lenderon the daymonthly installments of principal and interest are payable under the Note: untrl the Notc is paid' in ful},
<br />` alum (herein "Funds") equal [o one-twelfth of the-yearly taxes and assessments-.which rnay- attain priority over thts
<br />i I>eed of Trost, andground rentsen the Prvper[y,, iE any,.:plusone-twelfth vfyeariy premiuminstallments for hazardinsurance.
<br />plus one-twelfth of yea[ly pminium installments for mortgageinsurance; if any, al] as reasonably estimated initially andfrom
<br />time to tmeby Lender on thebasis ofassessments and bills and reasonable estimates thereof:
<br />The Funds shall+'be held:in an institution the:deposits or accounts of which are insured orguararteed by a Federal or
<br />state agency: (includiitgLender'if Lender issuch atrinstihrtion). Lendershatl app{y'theFunds to pay saidtaxes: assessments.
<br />insurancepremiumsandgroundrents. Lender maynotchargeforsoholdingandapplyingtheFuhds;analpzingsadaccount
<br />orverrfyngand compiling said assessmentsand bills; :unless Lentler pays Bormu^erinterest on'the Funds andapplicablelaw
<br />permits-Lender to:make such'a charge; Bon•owerand Lender may agreein writing`atthe timevtexecution ofthis
<br />Deed oPTrust [hat interest on'ahe Funds: shalt bepaid.-to $orrower;and unless such. agreement is mane or applicable law
<br />- -requiressuch interest4o be gold; Lender shal~not be requiredtopayBorrower any interestbreamings on the'Funds.. tender '
<br />shall give'toBorrower, without charge, an,annualaccotmtiag of the Funds showing. credits and debits iq: the' Funds and the
<br />,purpose for which each debit to tFicFunds was made: The Funds are-pledged as additional security forttic sums secured
<br />by this Deed of Trust:
<br />If the timovM of the Funds held by Lender; together with the future monthly installments: oB Funds payab)e prior to
<br />the duedates of taxes,'assessments( insurance-premiums and ground renis,shall exceedtheamount required to paysaidtaxes,
<br />SSSESSifIPJitc, ittSUrSnee pretttiumand ground rents-as thev Fall due, such' excess shaft be, ar Borrower's option; either
<br />promptly repaid to Borrower or credited-tn Borrower on tnont}ily installments of Funds.. If the,amount of the Fundy
<br />Fietdhy fender shallnet fx sufficient to pay taxesass s enfs,.insurancepremiurosand ground rents as-they falY due;
<br />Borrower shall pay to'Lendcrany amounCnecessary to makeup tha_ deficiency within 30 tlays from he date notice is rs+ailed
<br />by Lender to Borrower requestritgpaymenCthereof:
<br />[ipon payment Pti full of altsums secured bvahis Deed ofTrust, Lender shallpromptly re£uridto.Borrower anvFunds
<br />held by Lender. If under paragraph 18 hereof the Propetty is sold or rhe;Property is otherwise acquired by Lender, Lender
<br />shall apply, no late2`thanimmediately-pzior:to ttiesale ofthe.Propertyor'its acquisition b¢ Lender,. an_y Funiis held by
<br />i_ender at ttte time oEapplicationms acreditagainst. the sums secured 6y this Deed of?rust
<br />3. Application of'Paymen[s. LJntess-applicable 15w provides othcru•ise: alt payments received by Lender under: the.
<br />Note ,tnd paragraphs t;and 2 hereof shalla~e: applied by i.,ender first in pavment of amounts payable to Lender b}' Bvrrpwer
<br />under paragraph 2 hereof, then tointerest payable on: theNvte, then tv ;he principal of the Note, and-.then'to interest and
<br />principal vn any Fuaire:Advances.
<br />J. Char(tts; Liens. Borrower shalt pay aiftayes, assessments end other charges, fines andimpositionsattributablc tv
<br />the Pmperiywhich may attain a priority over this Deed of Trust, and leasehold payrneots or ground rents, if any,. in the
<br />-manner provided underparagraph2hcreoEvr;if norpaidin such manner; by: Borrower making payment, whekdue, directly
<br />to [he payee thereof Borrower skall promptly furnish to Lender all notices of amounts due under this paragraph; and in the
<br />evrntBorrower shall make payment directly, Borrower shall'pramptiy furnish to Lender receipts evidencingsuch payments.:
<br />Borrowecsnail promptly discharge any lien u•htehhas priority over this Deed of Trust;:provided; that Borrower shall not he
<br />rtquired'to discharge; anysuchlien so-long as Borrower shall :agree in writingao the payment of. the obligation secured b}•
<br />-such lien in a'manneracceptableto Lender, orshal6in;good faith contestsuch lien. by;:or defendenforcemcnEvf siich.]ien m.
<br />Legal pproceedings whichoperate to preventtheenforcemen[ ofthc lien or forfeiuireofheProperty or any part thereof.
<br />S. Ilaaatd hstwraace.. Borrower: shall keep the improvements now existing orhereaf[er erected on. the. P[operh'.. insured
<br />.against toss-: by fire,: hazards included within-the term "extended. coverage'i .and such<vthez hazardsas Lender may. require
<br />. and insuch.amountrand for^~ir''.periodsas Lendermayrequirc:pmvfded:shotLendershall:nutrequirethattheamounioi
<br />ouch coverage exceed hat amount of coverage required to pay the sums secured by this Deed of Trust..
<br />Theinsurancecarrierprovidingtheinsurance'shall 6cchoscn by.Borrowersgtiject to approv;aLby.Lender::prgvided.
<br />that suchapprovalshail not bevnreasonably withheld> Alfpremiumsoninsurance,policiesshall be paidin the manner
<br />provided under paragraph 2 hereof or, if not paid in. such manner, by BotTower making,payment;.when due; directly to [he
<br />insurance cameo
<br />AlCinsurance policies and'renewal5 tfiereol shall he in form acceptable q Lender and shall include s standard mortgagz
<br />datise in favor of anddn form acceptable to:Lcnder. `Lender'shall have ,' °'nght to hard the policies andrenewals thereof.
<br />and Borrower shall promptlyEurnish toL,endersllrenewal notices and;aR reeetptsofpaidpremiums. In [he event of loss,
<br />:Borrower shall giveprompt noticeto iheinsurancrcarrier and. Lender. i.ender may;makeproof of doss if. nvtmade promptly
<br />by' Borrower.
<br />Unless,Lender avdBorrowerotherwiseagree in-vl7iUng,insurance proceeds shallbe applied to restoration or repair of
<br />the Property:damaged,providedsuch restoration ar repatr is-economicaliyfeasibleandthe secttrityvf this Deed of Trust is
<br />not therebyimpatred.:If such restoration orsepair is not economicallyfeasihle or if the security of this Deed of T'nist would
<br />be`impaired,he insurance proceeds shall bcapplied to the sumrsecuredby this Decd of Trust,wi[h the excess, iF any,. path
<br />to Borrower..If the Property is abandoned;by Borrower, or if Borrower failsro respond to Lender within 30 daystrom the
<br />dale notice is<mailed by Lender to Borrower that the insurance carrier offers to settle a claim fur. insurance benefits: Lender
<br />is authorized'to collect and apply the insurance proceeds at .Fender's option caber to 7estoraGon or repair of the Property
<br />or n, the sums secured by this:Deed of Trust. -
<br />Unless I:ender and Borrower otherwise agree in writtog, any such application of proceeds to principal shall not extend
<br />or postpooc the duedate of themonthly installmenrsreterred tq.'in paragraphs 1 and 2 hereof or change, the-amount of
<br />such installments. If under paragraph 18 hereof the. Property is :acquired byLander, all right title andintercat of Borrower
<br />in and to any insurance policiesand m and$o the proceedstheregf resvltingfromdatnage to 1he.Properly prior-to the sale-
<br />or acquisition shall pass tv lxnder =,o thecxtent of thesun+s secured by this. Deed of. Trustimmediately prior tasucli sale or
<br />acquisition.
<br />6. Prrsen~ation and Maintenance of Property; Leaseholds;: Condominiums; Planned Unit Developments. ;Borrower -
<br />shall keep the Property in good repatr andshatl not comntit waste Or permit impairment or detcriurativn of the Prvperty-
<br />and shall comply with the provisions of any:Jease if ihis.Deed of Trust is on a leasehold,. if this Decd of Trust is on. avnit ins
<br />cvndominnmr ur a planned unitdevetopment; Horroweeshalt,perlorm ali:of Borrower's obligations undenahe declaration I
<br />or covenants ereaunger governing ttte,cortdominiumor planned tarit:developmene,[heby-laws and regulations-crfthe
<br />condominium or planned unit development;andconstituent:documents. ifs condominium :or planned-uait development :
<br />rider is executed by $otrower andrecordeditogether with this Deed_oF Trust, the covenants arid: agreemcntsof suchrider`
<br />shall he incoriwrated into and shallamendand supplement the covenantsand agreements oLlhis.Decd of Trust as if tticridcr.
<br />were a pan hereof. -
<br />7. Protection of Leader's"Security. If-Borrower tails. toperform thecovenants and. agreementscontainedin this
<br />Deed of Trust, o: it ar.} ct,onot proceedingis commenced v,~hich materially aftects Lender'smterest iu the ..Property;
<br />including, but no[ limited ter, eminent domain, insmlv~ncy, codeenforeement,.orarrangemenssvr proceedings. involving n
<br />banknept or decedent, :hen Lender a[ Lerde>'s option, upon. notice to Borrower; may make such appearances, disburse such
<br />sums and take such action :!s is necessary to .protect Lender's interest. including, but. not limited 40, disbursntait: of
<br />reasonably attorney's fees artl entry' upon: the Property to make repairs. 7t I;ender. rzquired mortgage-. insurance as a
<br />ccaditio^ of making the loan secured by this.Deedof Trust: Borrowershatl pay thepreniiutnsre:yuiccd to maintain such
<br />insurance in effect until such tune as the. requirement..forsuchinsurancetenninates_iti accordancewith.Bvrrowers and.
<br />Lender's written agreement orapplicable law: Barrowcr shall. pay the amount of allniortgageinsurance. premiums in the.
<br />manner provided underparagraph2 hereof..
<br />Any amounts disbursed by :Lender pursuant to this paragraph,with interesk thereon. shall become additicsaal
<br />indebicdness of Bnrrawer secured-6y this Deed of Trust.. lStlrss Borrowerund I,enderagree tv other terms of payment, such
<br />amcsunt; shaC Ix: payable upon nbtrx from:Lender to'Borrvwer rcquesung'payntcntthereof, acrd sha13 bzcir interest front the
<br />date of disbursemenfat the rate payable from time to time on outstanding principal. under theNate unless payrneni oCintcnsz
<br />at such rate ~.vot~ld x.~contrary to applicable law, inwhich event uichamoun~s shalt bear intt~esr at the inghest rate.
<br />p rm.ssibie under applicable law. Nothing contained in this paragraph 7 shall requiii- Lender to. in.ur any expense yr take
<br />aESy action hereunde.:
<br />8; Inspect on. Lender may make vccause io he made reasonable c titles upon i5ul inspections va nc Yropcrn pren~ided
<br />that L•ndcr sba:l g«'c Harrower nonce prior tv any ouch inspection spccil'ying reau,iabie cause. therefor rclxtvd Io -~.cnder's
<br />interesrin the Ptoaerty:
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