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<br />UNtFOaAt CO•MENANTS. Borrower and Lxnder covenant and agree as follows: ~~ ~; j t! ~ Ci ~G'7
<br />1. PtVerent of Prieciptd nod lMerdt. Borrower shall promptly pay when due the principal of and interest an the
<br />indebtedness evidenced by the No[e, prepayment and late charges as provtded in the Note„ and the principal of and interest
<br />- on any Future Advances secured by this Deed of Trust.
<br />Z Ft®r!a far Ttmr nd Iwtatrrraree. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to lender on the day monthly irrstallmrnts of principal and interest are payable under the Note, unlit the Nate is paid in full,
<br />a sum (herein "Funds") equal to otn-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust, and ground rents nn the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance. if any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bias and rcasanable estimates thereof.
<br />The Fund-c shall be held in an institution the dep[tsits ur accounts of which arc insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments.
<br />itnurance premiums and ground rents. Lender may not charge for u~ holding and applying the Funds, analyzing said accoant
<br />or verifying and compiling said assessments and bills. unless Lender pays Borrower interest on the Funds and applicable law
<br />permits lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is -made at applicable law
<br />requires such interest to tae paid, Lender shah not be required to pay Burrower anv interest or earnings nn the Funds. Lender
<br />shalt give to Borrower, without charge, an annual accounting at the Funds showing credits and debits to the Funds and the
<br />pu[pose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Deed of Trust.
<br />if the amount of the Funds held by txnder. together with the future monthh• installments of Funds pa}•ahle prior to
<br />the due dales of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes.
<br />assessments, insurance premiums and ground rents as they CaII due, such excess shall be. 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 sufficient to pa}• taxes, assessments, insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within l0 daps from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by [his Decd of Trust, Lender shall pronptly refund to Borrower any Funds
<br />held by Lender. ff under paragraph 18 hereof the Properly is sold or the Property is otherwise acquired fay Lender, Linder
<br />shall apply, no later than immediately prior to the sale uC the Property- or its acquisition by Lender, any Funds held by
<br />Gender at the time of application as a credit agairtst the sums secured by this Deed of Trust.
<br />3. Appileatlon of Pay®eats. Unless applicable :aw provides otherwise, all payment received 6y !.ender under the
<br />Note and paragraphs 1 and 2 hereof shall he applied by Lender fist in payment csf amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note. [hen to the princpal of the Natc. -vnd then to interest and
<br />prin~[pal on any Future Advances.
<br />4. C6srpta; (.iera Borrower shall pay all taxes. assessments and other ::barges. tines amt :mpasitions a~tribuctblc na
<br />the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof or, if not paid in such manner, by borrower malting payment, when due, directly
<br />to [he payee thereof. Borrower shall promptly furnish to i_ender all notices of amount due under this paragraph, and in the
<br />event Borrower shall make payment directly, Borrower shall promptly furnish to I.endcr rrcetpts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority aver this eked of Tntst; pnavtded. that Borrower shall not br
<br />required to discharge any such )ion so bog as Borrower shall agree in writing to the payment of the abttgatnsn secured by
<br />such lien in a manner acttptable to (.ender, or shall in gaud faith contest such hen hy, or defend enforcement of such lien in.
<br />Legal pproceedings which operate m prevent the enforcement of the Gen or forfeiture of the Property ar any part thereat.
<br />5. Rasad Imarateee. Borrower shat! keep the Improvements ones rxtsung ar hereafter erected nn the Property insured
<br />against Toss by See, hazards included within the term "esttnded coverage", and such other hazard? as Lender may require
<br />and in such amounts and for such periods as Lender may rcyaire: pruvlded. that Lender shalt oat require that the amount of
<br />such coverage excet~ that amount of coverage reyuved to pay the sums secured h?• thls Decd of Trust.
<br />The insurance carrier providing the insurance shall lse chosen by Borrower subject W approval by i ender: pnwtdeJ.
<br />that slosh approval shall not be unreasanabiy withheld. All premiums on insurance policies shall ht paid in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, tirectly to the
<br />insurance Carne[.
<br />All insurarce policies and renewals thereol shall be in form accrptablr to Lender and shall include a stanchrJ mortgage
<br />clause in favor of and io farm acceptahlr to Lender. Lcndrr ahalL have the right to holil the policies and renewals thereol.
<br />a~ Borrower shall promptly furnish to txnder all renewal notrces and all rccerpts of patd premiums. In the event of loss,
<br />Borrower shaf) give prompt [[office [o the msurance earner and t.cnder. Gender may make pratf at lass s( not made pn,mpHy
<br />by Botrowec.
<br />Unless Lrnder and Borrower otherwise agree in wrung. msurance pnxreds shall be apphrd [c? restoration ar rrp;ur of
<br />[he Property damaged, provided such restoration ar repair a eamom+cally Ceastble and the security of tbs Deed of Trust ss
<br />not thereby impaired. If such restoralmn or repair is not ctiunumically frastble or tf the srcurny tit this Deed of "1'ntst would
<br />be impaired, the insurance proceeds shall be applied to the sums secured by this Cked of 'Trust. wnh the excess, i( any, paid
<br />to Borrower. If the Property is abandoned by Borrower, or iF Borrower fails to respond us Loader uithm 30 day. from the
<br />date notice is mailed 6y (..ender to Borrower that the msurance earner pliers to srule a Bann for insurance t?rnefits. Lender
<br />is authorized to cuBect and apply the insurance proceeds at Lender's option either to restoration or repair ai the I'n?pray
<br />or to the sums secured by this Deed of Trust.
<br />Unless l.ettder and Borrower otherwise agree in writing. ;nit such apphcaaoo of pnaccrds to principal shall nut extend
<br />or postpone the den date of the monthly imtallments reirrrrd [o :n paragraphs I and ?hereof or change the amount of
<br />such installments. If under paragraph I& here.u the Prop<'rts is acgwred by Lender, a{I right, title and utterrst of Borrower
<br />in and to any insurance policies and in and to the proceeds thereat rcyulung trom d`amagc w the Property poor to the sale
<br />or acquisition shall pass to Lxnder to tht rxttnt of the sums secured by the Dcrd of trust uurnrd+atcly pricer to such xaic ar
<br />acquisition.
<br />6 Preaervatloa and MYatenaace of Property; Craseholds; (.'ondomittiutns; Planned Unit Ihvelopmeuts. Borrower
<br />shall keep the Property m gsxad repair and shall tint eommr. waste st prnnu tin pair mom ar dctcrioration of the Property
<br />and shall comply with [he provisions of any kale if this [heal oC Trust a on a leasehold. !f thts Deed of "hrust a on a unit in a
<br />condominium or a planned unit dtvebptttent, Borrower shall petiurm ;d! at Borrvwer~s ohhgauans under the dedaralion
<br />or covenants cresting or governing [he condominium or planted wut development, the by-laws and regulations of the
<br />condominium ar planned unit development, at[d constituent dacumenf s. Lt a condominium or planned unit deveopment
<br />rider is executed by 8orrawtt and recorded together wnh Thu Dcrd of Trust, the envenoms end agreemetua ul such rider
<br />shah ise incorporates! rota and shall amend and supplement the covenants and agrennmlts o! [his I>ecrl tit Tntst as tf the odor
<br />were a part hettaf.
<br />~• P1oiClLOD w Lelr9efa JTCatiiy. if BarrUwCr Ia11S to pl'riarnl Ii1C ~a\'CnantC acid aglCrl[It'nla at`II(ained in Ihla
<br />Deed of Trust, or if nay action :u prsxetdmg s <arnnaraced whteh matertaily attests Lcndrr's uucrrst in the Pn?pcrt v,
<br />including, but rest limited ta, eminent domain, inwWrnc}', ttvle rntacrment. ar arrmagements sr pruaxedingv involving a
<br />bankrupt ar decedent, thrn Lender at (cooler's option, upon notice to Borrower, may make such appr:aranccs. disburse such
<br />sums and lake shah action as is necessary to protest i.enders enteta[, tuc(udmg_ but rat ;rmitcd ts, disisu ncmem of
<br />reasonable attotrny'~s frxs and s;r[t» upon the Property to make repairs ff i_cndcr rcyuirrd mortgage tnsurancc n. ~t
<br />a:oadition of makine Flo loan secured by this i)ecd of Tout, Batzvwez attaLl pa} rhr ptrommnr regwrrd t.~ tnamtahs sudt
<br />imurturce in eScct un'il stub time as the riyutretneret fur such insurance temm~ate, ~n a~cozdan~c r~ i•~r ruwer~ snd
<br />ttpdeis written agreenxnt ar applicable taw. Hcttrownr ail-nil t t} the atuaunt tit ati met:gagc ~asura,.. - ~=loins ~o :hr
<br />manner provided under paragraph 2 hereof.
<br />An atnottnts disburxd by Lenaler punuant to thi ~arugruph -'. wdh -~t r st thrr m shall I ,ale addtuonal
<br />iafebts of Borrower ~eurrtl br this Deed of 'i-rust. i •nlexs Borrower anJ 1 t td- r titer t s [her err n at papnrent. such
<br />anuarmts shall tae payabM span notice fronx lenikr to Bon.awrr requeatutg pa}root t .herisal -+nd hall l,,.at t sttlrst .zoos rhr
<br />date of rlisbrrrxrttatt at the rata payable frets tint to time on outstanding principal under the Nosr unless payment cat urterrvt
<br />at auh rant would he -xuttrary to applicable Law, in which event such amounts shale( Lv°ar antc[cst at rhr hr$hrst u?tc
<br />permisaiblt under applicable law. IVorhiug cimtmned in thu paragra{ah 7 shall reyuuc f.cnder t,~ tnc:ur xny expense ssr take
<br />any action hereunokr:
<br />A laapc'tiar. Ltrtdes tray make ur sous?: to be made reax.,oablr env,rv ufvan curd mstxcnens a!' the Pralx ny. pr av alrsi
<br />that Lander shall give Botrawsr rnatix pttar u, auy such insps:, ham sprofymg rca±e,nabty c.+use therefor re•latrrl n, t s-mite.
<br />kntartst to th6 Prooarty
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