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<br />tlritsattnt CovEZVtitvrs.;Borrowerand l endercovenant and agree as fi flows: `° 8G ~ ~);t) ~ (1-~~
<br />.I. Payttrcnfof Prinelpalattd Interest. Borrower shatl'.prompth~ pay when due the principal of .:and interesron the
<br />indebtedness e~~idcnced by,theNofe, prepayrnentand'latt charges aspravideelin the Note, andthe prmcipal of and-interest.
<br />on env Future Advances secured by thin Deed of Triit.
<br />f. 1'neds forTints atadIitstirancc;Subject Lo:`applicable: law or tae written-waiver 6y. Lender, Borrower shall pap
<br />to 1_ender on the dap monthly installments bf principal and interest are payable under. the Note,. until the Tvote is paid: in full,
<br />a sum rhercirt "Fends"1 tqualtp one-twelfth of [he yearly:.tases and-assessments-which may attain'priaritygver?his
<br />.Deed of Trust and'graund rentson the Property, if any. plus ont=twit€thaf }'early premium installments for'hazard tnsurancc.
<br />phis one-twelfth of yearly. premium installmtnts far mortgage insurance; if any, atlas'reasonablyesrimatedinitiaily and from
<br />time to ;time by Lender on the basis of assessments and hilts and;reasonable estimates thereof-
<br />The:Funds shalItte heldnn art institution thedeposits or accounts ofwhrch aresiusured arguarantee¢ ny a Federaiar
<br />slate agcticy Gncliarluing Lender if Lenderissuch aninsiihttion)..L.ender shah apptythe Funds to pay said tares, assessments.
<br />insurance premiums and ground: reru. L:crtder may not charge=far so holding and applying the Funds, analyzing said accouir.
<br />br verifying ar[doompilingsaid'assessrnr_nts and Silts, uolessiLendt: pays."Borrower interest on: the Funds ?nd applicable laµ
<br />permits Lender tomakcsuch a shame: Borrowtr and l,endermay agree Sn writing att5c. time ofe~acuuonbf :his
<br />Dtxd ofTusttha[:interest"otfthe Fu»dsshall be paid tr3Borrower;and unlesssitch agreement is made':cr applicable la~.v
<br />' requires Stich inurestto he. paid; Ixndershall nat6crequjredaa pay Borrower any interest oYearnings onthe Funds. Lender
<br />shall giveto Borrovatr; wifhovi charge,:anannua9::accounting of tht.Fundsshowing';credits anddebits to the Funris :md [hc
<br />-. _. purposefor-which each debitao the Fttnds was'made TheFunds arcpledgedas additionaisecprity for the sums secured
<br />o, thislked of Ttvst.
<br />If lteamountof the Funds held by Lender: together with the future monthly'instailmen[s of "Funds payahle prior to
<br />thedtit,dates of tai[es: assessments;insurance: premiums andgraund7eute; sfiall exceed the amount required to pay said tasea-
<br />:assessments, insv^~nce:prcmivms and ground cents. as they'fall due;such excesrshall be;-at Borrower's option. ether
<br />promptly repaid tu'Borrower'or credited to Borrower an manthty installments of Funds. If the <cmaicn of the F.md
<br />- :heldby:Lender'shallnot'besufficientia;paytaxes.ascescmenrs. insurance premiums and-ground rent/ as they tall due.
<br />Barrawer shall pay to Iznder any amount necessary to makeup the deficiency whhin 30 days from the date notice i, maile:i
<br />by Leader to Borrower regtt~ting payment thereof:
<br />Upon paytnentin full d` elf sums secured b}' this Deed of Trust, Lender shall promptly refund to Borrower any Funds
<br />-: held hy.I,endec If-under-paragraph ]$ hereof ShcProperty is sold nr thePmperry is otherwise acquired b} Lender, Lcndcr
<br />: shallapply. no later-Chan imm;dtately :prior to she sale of iht_Property: or ii5 acquisiton by`Lendcr, am Funds held by
<br />Lender at the time of application as a credo against the sums-secured by thu Deed of :Trust.
<br />3. Ap/licftlnn of Payweats. Lnless applicable law provides otherwise, all pas rnents .received by Lender under the
<br />l<oteand paragraphs-1 and2hereof sfialf 6e appplied by Lenderfirst m papmcnr. of amounts payahle :o Lender by Borrower
<br />: underparagraph 2 hereof- then to interest payahle. on [he hate:: then to. the principal of rho Note. and rher, to ir.teresr and
<br />princi al on any Future Advances.
<br />~'.Clsxges:'Lieio. Borrower shall pay alt taxes, assessments andotheecharges, finis and impovuon. attributable to
<br />the Property whicti may attain a priariry aver this Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />tttamer provided under paragraph Z hereof or, if not paid in such manner., by Borrower making payment. whcn'duc. directly
<br />to the payee tlaereoL Borrower.. shall prompdy furnish to Lender all noucec of amounts due under thu paragraph, utd in the
<br />eventBOrrowi:r shalt make'. paymencdirectty.;Bortawer shalt;promptlyfitrntsh to Lender receipts eviocncing such paymenu.
<br />:Borrowtrshali promptlydischarge. anylien which'has priority over this Geed of: Trust: provided, thaC Borrower s!rall not he
<br />requfred to discharge any such lien so ]tsng as Borrower shall;agt'ee in writing to the payment of the obligation°secured by
<br />such lien in a mantxracceptable to Lender; or shall in good faith contestsuch 3ien by; ordefend enforcement of Stich lien in.
<br />tegai PProcr_dings;which operate to prevent [hc enforcement. of the lien or forfeiture of the:-Property or any part thereof.
<br />S.; gaud Iowwta~ce. Borrower shall keep thcimprovements new existing or herea[ttr erected an the Property located
<br />againsfoss by 6rc,'hazardsincluded within the. term "extended coveragge'", and such other hazards as Lcndcr may;reyuuc
<br />sad in such atoounls and for such periods as Lendermay require: provided, chat I:ender shall not requarethat the amount di
<br />such rnverage exceed that amount of .coverage required to pay the sums'secured liy this Deed of Trust.-
<br />Tlreinsugancecamcr providing the insurance shaft be c3rosen by 9orrower subject to approval by 1_ender; proy;ded.
<br />tttatsuc6;approval shall not be unreasonably iwithheld Ali premiums on insurance policies shall be'paid in the+manocr
<br />provided antler parapap6 2 hereof or,;if oat paid'in such manner, by Borrower making payment, wfien due; directly to the
<br />itssurance carrier.
<br />AlI insurance policies and renewals thereof shalt be in form :: ceptable to Ltnder and shall include a standard mortgage
<br />clause in favor:o( and in farm a.^ceptable to Lender: Lender shall have the nght to hold the policies and renewals boreal,
<br />slid Borrowershall promp[lyfurnish to Lender alt rertewatnotices and aN rcccipis of paad,premmms. In the even[ of lox<.
<br />Bprrowkr shall give promptttolce to the insurance carrier and Lender. l.endcr may. make proof of loss if no[ made promptly
<br />by Batrower.
<br />17ttless Ltnder;and Borrower atherwix agree in wrong, insurance prxeeds shall be applied to restoration-or rcpa,r of
<br />the Property damaged, provided such restoration or-reparc is e<:anomiwlly teasibie and the security of this Deed of Trust
<br />not thereby [mpait+ed. lE such rcstaration or repair is not et;onotnicelly icastble or tf he security of this treed of Trust would
<br />rte impaired, the insurance proceeds shall be applied to the sums secured h} this Decd of Trust; with the excess, i[ any; pail
<br />to Borrower. If ttte Property a abandonedby Borrower, ar.H;Borrov:cr trots to respond tal~endtr within30 days #romthe
<br />data-notice is mailed by Lenricr to Bormwu that the insurance carrier osiers u> settle a claim far insurance benefits. Gender
<br />is authorized to softest sod,apply the instuance proceeds at l:endcr's option either u, restoration or repair of the-Property
<br />or to the sums seccrrA by [his Decd of Tout.
<br />Unless Landeratxl Borrower ottrerwise agree in writing, any such application of proceeds to principal shall not' extend
<br />or postpone the doe-due of -the monthly installments retorted .n in paragraphs I and ~ hereof ar change the amount ;ri
<br />such installments. If utxier paragraph I8 here+5f the Property i> ecyuirttS by Ixnder, all nght, title and .interest of :Borrower
<br />in and toyfa}' mstrrartrx policies and in and to. the proceeds thereof rtsuhing from damage to: the Property prior toth~ salt
<br />or acquisition shall pass tar Lendu to the extent of the wins secured by this Deed of.Trust immedialCly prier [o e,uch sale or
<br />acquisition- ,.
<br />f. Traaarvalisa acrd lll~ia/retttaaca of Property; Leaseholds: Condo[aatitsos; Phoned Limit flkvelopmenks. Br,rrou~cr
<br />shall keep the ProK+ertv in :good repair ~:rd shsit max commit ,+as[e u: tx.rmit rmpairment ur_deterioranon otthr Pruporty
<br />and shall comply with tlx provisions of any Itaascc if:t6is Decd o! trust is on a le;isehold if [his.Deed of Trust fs oar un it in a
<br />condominium or a planned:unit development. Borrower shad perform aR of Harrnwe*~ obljgaiions under thededarari.rn
<br />or covenants creating ar governing tlx condominium or.: planned unit developtnen[, the by-laws and'regufations of the
<br />condominium or pisaned utistdevelopttient, andconv aucnidocumcrrs. ff a cnndaminiumar plannedunit devclo pmcn:
<br />rider is executed by;BorrowtCand ru:oirded together with this Deed of Truss, the. covenants and agreements of such rider
<br />shale be iororparated 'onto and shall amend and supplement the cotenants and agreements ofihis Dtrd of Tni.,t as i' the r~dcr
<br />were a part l!ereo t.
<br />7. ProlecBoa of Lxader's Secndty" If Botzower fails to perform'ihe covenants andagretmenis curta~ncd in thi:
<br />Deed nt Tout, nr if any :action or 'proceeding is-commencedwhich triaterially!aflects Lender's interest ~n the Pn,pery.
<br />including, but not limited tp,.ieminent dornaiq insolvency,~'.mde enforcement: or nrrangements or prbcesdingn m~;,;vmg :.
<br />bankrupt or dtcrdent, then Lender ai Lender's aplion, upon aadec to Sarrower, rosy mane such ;.ppearan~~u. dI='b^r,c ;~_h
<br />sums and take such actionas is necessary toprotter Lenders in.crest. including, but not limited ro. r'-tar;cmcn' ~,
<br />reas~onahh. attorrtcy's ftts and entry upRn fhe Pro~rtp rc er ke repair, f Lender require' r agagc nr ~~ ~~ . , ~
<br />rondrpon of making the loan secured by ibis L)ea:uf "Crest, Bo os shn 1 I ay •h p r r un~s r q trod 1t roc i ,cti
<br />ir~urance in cftccs until such time as the rtquiremert for sur_h :nsu.aoct termn'at_: ., ~cCOrienct w+th A.,ro+vc. ; aid
<br />Lender's written agreement er :.pplicahlc~ Iaw- Borrn~.vcr shall pay ttic stneunt ~_. all n:ort ~agr insurantc premiums !a lire
<br />,nariur proeitled under paragraph 2 hertcsr:
<br />Acv amounts dis`ourstd by Ceadar pursuam this paragraph i:h ,ntcrest :hereon, coati Le::o, . additu!ir.,'
<br />Sr.debtedness aF Borrower soured by this T)ccd crt Trust. Cosecs Borrower and f cobs ~ c her u~rrns ~ .a~. n,ci
<br />amount, shall ix pyahte upon notice frnin Lcndcr so Borrower :e+ineating payment therzoL '.r!d shat! Mar irrr~a fm:n ~iha
<br />date of disburxment at the rate yayabfc from time to time or. ou€standing ,^..-incia~l under :ht/ Note ur:frss psryment ~?f inb.rre s!
<br />at such rate •,voufd be contrar}~ to applkahlc ?au~. in :rh.ch c~+em -,_;:h am.~unts ;hat! ';car i ,_~. -., :hc hii!hc•t ra!c
<br />pcrmieam ble nndcr aj.,plicsblc law. Vathing suntained in [hs yti;agraph 'r ,- ~.' rcq~f r. -:,der a -n yr :r_tp Gatti nse or tak°
<br />an}` 3CUbn ACCtundrr.
<br />1<. 1 F~.nder m:,v maEc or : aus^ txa kXr. mad '.,.. oat 1_ .. t- :.IhY;t .n n ~ :~sr ~ttn±•. er rlxsrSy, j- .~>r,I
<br />m~rt3lon: ~.,; ~.
<br />;era: Fender shall gtbc Borrower-?t,ce prir~r ro nay~,~ ..:tit. p+`c ^.r sr+ecit'r..g r,,, ;.-rna h!e ca nst tt;rtfo, r~1., rc~3 i[= I.~: Hefei-:.
<br />:n;trest r: th< P..»pert~
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