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<br />82--i~~!~~t`~
<br />Utvttronnat Covtetvxivrs. Borrower and Lendir covenant and agree as follows:
<br />1. Pttpaem of Principal and Intevast. Borrower shalt promptly pay when due the principal of and interest on the
<br />indehtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />an arty Future Aelvantes secured by this Deed of Trust.
<br />Z. Fads tar Tara sad /nsorance. Subject in applicable law or to a written waiver by Lender, Borrower shag pay
<br />to Lender on the day monthly installments of principal and incerest are payable under the Note, until [he Note is paid in full,
<br />a sum (herein "'Ftmds") equal to one-twelfth vt the yearly taxis and assessments which may attain priority over this
<br />Deed of Trust; and ground renLS on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance.
<br />plus ono-twelfth of yearly premium instalments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />wine [o nine by Lender on the basis o[ assessments and bills and reasonable estimates thereof,
<br />TFx'Futtds shall be held in an ittuitutivn the cfepvsits ar accounts of which are insured or guaranteed by a Federal or
<br />state agency (irulutiing Leader if Lender is such an institution). Lendir shell appty the Funds to pay said taxes, assessments.
<br />insurance premitms and ground rams. Lender may not charge for so holding and applying the Funds, analyzing said account
<br />or vtrifving and compiling said assessments and 6i)Is, unless Lender pays Botrew:rr interest on the Funds and applicable law
<br />petntita Lender to make such a charge. Borrower and Lender may agree in writing at the time of execunon of this
<br />Died of Trust that interest nn the Funds shall -he paid to Borrowtr, and unless such agreemem is malt or applicable law
<br />requira such interest to be paid, Linder shall not lee required to pay Burrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpae for which each debit to the Funds was made. The Fun<Ls are pledged as additional security for the sums secreted
<br />by [his Decd of Trust.
<br />if the amount of the Funds held 6y Linder, together with the fumri monthly installments of Funds payable prior to
<br />the due darts of cases, assessments, insurance premiums and ground rents, shall ecceed the amount required to pay said taxes,
<br />assessments„iiuurance premiums and ground rants as they tali due. such exces> .hall (x, at Borrvwer's option, either
<br />promptly repaid to Borrower or credited ha Harrower vn tnonthfy installments of FFunds, tf the amount of tfie Funds
<br />held 6y Lender shall not lei sufticiem to pay taxis. assessments, insurance premiums and ground rents as they fail due.
<br />Borrower shall pay to Lender any amouvt necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Linder to Borrower regtceatittg payment thereof.
<br />Upon paymem in furl of all sums secured by Ina Urtd o! Trust. Lendir shnli promptly refund to Burrower any Funds
<br />held 6y Lender. If tinder paragraph ig hereof the Yropeny :5 cold or chi Property +s Mherwise acquired by [.ender. Lender
<br />strati apply, no later than immediately prior to the sale of the Property er its aequisuion by Lender. any Rinds held by
<br />Lender at the time of application as a credit against the sum. szaared hp this Dced of "Cntst.
<br />3. Application of Payments. Untzss applicable law provides otherwise. all payments rcieived hx t_ender under the
<br />Nnre and paragraphs !and 2 hereof shat bi applied by Lender first in payment :?f amaums Fayablc tv Lender tn• Borrower
<br />under paragraph 2 hereof, then w interest payable nn the Nntc, chin to the onnctpai of the Note. and then to interest and
<br />principal on any Furore Advances. .
<br />4, C7hasses; Liras. Horrowir shall pay all i:ues. a>sessmznrs unai ocher ~hargis, finc> anti ~nipc:tnans attnhutable to
<br />the Property which may attain a privity veer this Deed of Trust, and leasehold payments or ground rents. iF any, in [he
<br />manner provided under paragraph 2 hereof vr, it not paid in such manner. M• Borrower making payment, when dot, directly
<br />to the payee thereof. Borrower shall promptly fiirnish to LenJer :dl nvucis of amounts Jur under this Paragraph. and in the
<br />event Borrower shall make payment directly, Borrower shat) promptly furnish tv Lender receipts evidencing such payments"
<br />Borrowtr shall promptly discharge any tiin which has pnority over rho #kit! of irtnC provided, that Harrower shall not hz
<br />required to discharge any such lien sea tong as Borrower ch:dl agrii in +vmng to the payment of the ohhgau:+n secured b}'
<br />such lien in a manner acieptahle to Lender_ ur shall +n goad lath coatzst such hen by. nt sk trod enforcrmcnt of such ben in.
<br />Itgal pproceedings whiib operate ua prevent the cnlorcemztet ++t the Lan or lxtiiturc of i)ae Property or say- part therwL
<br />S. Horsed tastenmte, Horrvwer chaU keep thz +mpru.~emints now csunng or hzreafter crirted on the Prupirty tusured
<br />sgainst loss by tire, hazards included within the term "extertdeJ cuvzrage". anil wah other harurJs a~ I_cnder may reyuire
<br />and in such arrtount3 acrd fix such periexds as LenJer rosy rcyutre; pri+vrdeJ. that Lznskr .hail not rzyusrz that the amount nt
<br />such caveragt txceet) that smount vt coverage required to pay the some secured by th,s Dzed at l`n;st.
<br />"the insurance careier providing tbi inananci shall t?e chosen by Hvtiower aub}e<t to appr,,a ai he Lender: provrdiJ.
<br />that atich approval shall not be unreasvnataly withheld. Al Freeniums on insurance Polracs shall hr paid in the manner
<br />provided tinder paragraph 2 hereof or, if not paid m such mantxr, h} Rorrowzr making payment, when due, Directly tv the
<br />imttraittz carrier.
<br />Al iiuuratiet polities and rttrews)s thrrevi >nall be ui farm nzctptab(e h: 1 ender and short :nctudc a standard nwrtgagc
<br />ciattst in favor of and in farm acecptabie m LenJer. LcnJtr shah ha=c the tight as he?IJ ttaz peGcirs and renew:ds thereof.
<br />and Borrower shalt promptly.furnish to Lendir all ere ncwai notices anJ .di n-ecips .±t paid prem~unrs. In the event of Ivss.
<br />Borrower shalt give prompt twGc~ to the rosutan.e garner araJ L Winder t.en.tz: m;rv_ cnakc p;avf a?t Ens. ~i oat made prompth
<br />by Borrower.
<br />UNess I_indtr afld Borrower vrherwist agree in wrung. =nsurancc t?r aticcJs .bait he aPpireJ n, re;totauon or repau vt
<br />the Property damaged, provided such tcstorauon or rtp5+r se c,ouonn.aiiv tenable rand dx scow ny of tMs Dcvs! n( Trust .,
<br />not thereby impaired. If such rcstorauon ar apart rv ns,t ec<,n.?nttcaify rt°a:~bk .,r ,f the ,rcutity e+t Ibis Deed a+f .l rust would
<br />be impaired, tfit insurance pro,:.ecds shall he appiieJ t<? the sums >ecurcJ by the. 1)stid of )gust. w,th the esciss..f any, pa,i
<br />to Borrower. I(the Property is abanduaeJ by Botn?wea..+s it Korroavit t_+:i. to respond i:~ l.indcr w-ithin tp day, foam tree
<br />date notice is mailtsl by Lendir to Borrowtr that the uuurance :setter otters n? scn)c a .:Loin [or tmurancz #n ucfits. LtoJrr
<br />is authociud to cvllact and apply the iosursiaci prsaeeids ,u 1_rnder's option soiree to restoratron ur repau of the Prvpcny
<br />or to the rotor s«;utud by this Deed -~f that.
<br />Unless L.eradtr and Barxvwtr othttwise agree ai wrung, ray >ucn npptteauon o! proceeds to principal shall na isttnJ
<br />o[ posipotre the duo date of the utonthly iruta8mcnts referred to nt paragraphs) and c. hereof nr change the amount of
<br />such itsstaHmants. If under paragraph Ill here..ri that Property is a:yuired by l.cnJtr, all nght, titre and interest vt Borrowtr
<br />in auJ to any insurance poiictts artd ut attJ to the pnxttd> thin~vt rrsuiung Irom damage [o the Property prior to the sate
<br />or acgtusition shall pass to Lender w the exrtut of sh¢ swats >tcurrJ by this Dtrxl of lust immediately prior tv such sale yr
<br />as-gttisitian.
<br />4. Pnstrvatiou sad tNmattutance of Pnipert?; L.iaschulds; t'outhaminiuius; Planned Unit ISevdopmenis. Borrower
<br />shalt keep the Property in good repair arui shall treat comma wane ut permit impairr»<ot n dctznarauon of chi Property
<br />amts shall comply with Fhe prov'isiotiS of any' lease if thrs L~eesf of Trwt >r an a lc:vu:hvld- if this Deed of Trust is on a unit m a
<br />condominium or a ptaoned unit development, Hocrower shall Ptrtorm at[ of Borrower's abligatiinrs under ttte dertaraNon
<br />or cavenatsts creating ar gtwerning the carnfominium nr planned unit Jtvrlopman[, the by-laws and regulations of the
<br />c~tdoattiaium or pianritd unit s',evetopmtm, and cvnsutuint tlsacumrnt,. If a condominium or planned amt development
<br />rider is exattited by Borrower arad recvrdeJ tsgethex with th;s f]e v) .+t ~irust, the .;uvenants anil agreenttnts of >uth rider
<br />short 6e itiaorpotated inM anJ shall amend and supplement iha c+vrnanv and agrtiaxnts of th+s I?cad cf 't'rust ;u if the rider
<br />wrnre a part- hweoL
<br />9. PratecHaa ref leader's 5eeurity_ if Borrowtr tarts to p.erfann the cos~znants anJ agrrttncnts amtaineJ in this
<br />Dteed of Treat, yr it any action yr Frsxittdittg is cuinasenceJ which mutiriaiiv .dfeG-a t_ender's irutrtst to the Property.
<br />ittatttditig, tad oat timit~ ta; eminent domain, ittsalvetny, cvtit enfvrcetrttnt, or arrangtmetrts ar pr„'iealiirg, involving a
<br />bankrupt of de+'adetri, titan Lendu at l,tnder`s option, upon notisr to Hurrvwer, may make >uch appearaixes, ilistrursc such
<br />sump and tidce such nction_ as is rre,:.eea~sary to rotect I.endeci uuirest, mctu;img, but not ! m.ted to, dtstaursemctn r*i
<br />reiaodattte attort>zg~ fens anal entry it~+t rtrc Pro{~rty tv make repairs tf I ir..?er riyuirr.~ rartgagc +s :u a ice- a> a
<br />ronAiteon_at making the loan stxtired L+v this Ck>ed rt'T'ratct. Boraswer shalt pat' tie prenvams required t u.,ua sorb
<br />iafYrstua is dtact omit sttt:h tuna as the requrrtnttnt for such En.surance tirnainatts ;n .,c.cardancv with i- ~,er's anJ
<br />i€3t iRrltlLtrt:agrv~mEnt era bk (aw, Borrowtr xhall pay' the mns~iint at all martgagt naauraaer pea ,,,u:r, in the
<br />mattrtar prodded tittdet pa a~henxrf,
<br />n~h~atltndliES disf+trt~d by i.endex ptusuant ta? this parsggrapfi 7. witty. intertsi thtraon .hall kttt;.+vtt ndditisanul
<br />i of Burrower secured by this [?sad o?'?'rust. UnM.s Borrower anJ Lendir egret to vthtt terms of paynttnt, such
<br />atrttwats-Matt trt payable aipwr troller ftsxn Lender to Borrowtr requesting payircr;i litercot, and shalt hear interest from the
<br />tf,ltdt of ~(rtt't~eittont of tbo rr'a pnytthte front tirni to time vn outsta=arcing Frincipai vndtr EAe ti,+t- nlesr paytrieat a?f intercat
<br />at trtih ttiEe tvptdd ist caurtrary to appliegbla law rte w#tt,h tutor ^ncti amvtints shalt rotor ; ueta.t at the higlrest rate
<br />pK[A>~#bki,itatia# 1sj~csbk taw. Nothing carlaiued to thi> paragraph 7 shaj# ra;}uue Liodar ts7 timer art3• etpenae or take
<br />...Ib istA~taCfxotn- under may make yr cause ts? ba utiuk reaaurxabk entri¢s uprxs an f u: pr.tio:sx of chi Ptxrptrty. {u+avidtJ
<br />that faimiat €1N1t1 j3va bitrrwvst tt-e psLx t4 any ,such ittaptasivn xptcif}irig reasvnatrte .ait+:i thcitl4r reiattd tv L.tnJtr's
<br />itrtereai ea the Piars+ert'r.
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