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<br />Ur+rwaat C'ovi!HaraTS. Borrower and I.tnder crtvenant atad egret as follows:
<br />!. ltit)ISed nt Pritttipsi etA Interest. 13txmwer shall promptly pay when due the principal of and intertst nn the
<br />rndeMee~ evidenced by the Note, prepayment and tare charges as provided in the Nnte, and the principal of and interest
<br />on Future Advances secured by This [)etd of 'I'r:ist.
<br />Z. Flyds for Tatty told Imrrnrate. Subject to appbcahle law or to a written waiver by Lendtr, Borrower shall pay
<br />to t-ender on the day monthly installments of principal and interest arc payable under the Note, until the Nvte is paid in full,
<br />a stem (herein "Fonda") equal fn One-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust, artd ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium installments for mottgage insurance, if any, all as reasonably estimated initiaAy and from
<br />tithe to tune 6y Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured nr 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 />insurance premiums and ground rents. Lender may not charge for so holding and applying the Fonds, analyzing said account
<br />or verifying and compiling said assessments and bills, unless f_endtr 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 extcu[iort of this
<br />Deed of Truss that interest on the Funds shall he paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, tinder shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds shnwrng credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by tfiis Deed of Trust.
<br />If the amount of the Funds held b}' Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shat) exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess .-hall be; at Borrower's option, either
<br />promptly repaid ro Borrower or credited to Borrower on monthly- installments of ,Funds. [f the amount of the Funds
<br />held by Lender shall not be sufficient to pay 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 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of 'Total. Lender shall promptly refund to Borrower anY Funds
<br />held by Lender. If under paragraph 18 hereof the Property is sold or the Property rs othen+•ise acquired by Lender. Lender
<br />shall apply, no Eater thtin immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender a[ the time of application as a credit against the runts secured by this Deed of Trust.
<br />3. AppIIeafba of Payments. Unless appbcabte law provides otherwise, all payments received by Lender under [he
<br />Note and paragraphs I and 2 hereof shall he applied by Lender first in pavment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the principal nt the Note. and then to interest and
<br />principal on any Future Advances.
<br />4. Cbartcs; Lferis. Borrower shall pay all tarts. assessments and other charges. fines and impositions attributable to
<br />the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents- if any, is the
<br />manner provided under paragraph ?hereof nr, if not paid in such manner, by Borrower making payment, when due, directly
<br />to the payee thereof. Borrower shall promptly furnish to Lender all nouccs of amounts dot under [his paragraph. and in the
<br />event Borrower shall make paymem directl}', Borrower shall promptly furnish r? Lender receipts evidenceng stech payments.
<br />Borrower shall promptly discharge any lien which has pnoriry rarer this Deed of Tnrsr, prnvtded. that Borrower shall not be
<br />required to discharge any such lien sv long as Borrower shall agree in writine to the. pacmtm of the ohlig;tttun secured by
<br />such lien in a manner acceptable to Lender. nr shall in good faith contest su.h i:en hy. ++r-dcfenJ enforcement of such lien tn.
<br />legal pproceedings which operate to prevent the enforcement of the lien or forfeiture t+f the Property or any part thereof.
<br />5. f3aasrd Iowtance. Borrower shall keep the improvements haw evisnng or htreatter treeteJ on the Propertc insure)
<br />against Ions by fire, hazards included within the term "evtendeJ coverage". ant such cvhcr hazards as Lcoder may regwrc
<br />and in such amounts and for such periods as tender rnav regwrc: pnwideJ. chat Lender shall not require that the amount t?t
<br />such coveragt exceed that amount ut coverage required to pav the sums securtd b}. this Detd ia1 "i;ust.
<br />The insurance carrier providing the insurance shall be ehesen t?y Knrrowtr sob}ect to appronii by Lender. provrded.
<br />that such approval shall ao[ be unreasonably withheld. A)! premiums on insurance pniicits shall l?e paid in the manner
<br />provided tinder paragraph 2 htttot or, if not paid in sucfi manner, by Korrowtr making payment. when due, direcrh~ to the
<br />imttrantx carriv.
<br />All insurance policies and renewals thereof shall he m form a.:ceptabkk to Lendtr and shall include a standard raongagc
<br />clause in favor of and in Corm acceptable to Lendtr. I.cnJer shot( have the right ..~+ hold the p+~3icies and renzwai> thereof.
<br />and Borrower shalt promptly furnish to Ixnder all renewal notices :ntd alt receipts of part premnrms. ht the event of loss.
<br />Borrowtr shall give prompt notice to the insuranct caner ant Lender- L_enJer may make proc?f ui loss :f sot made pramtpti.
<br />by Borrowtr.
<br />Unless Lender and Borrower otherwise agree in writing. ;nsurauee pra>ieeds >ha}; be applied to restoration or reFxr ~ t
<br />the Property damaged. provided such restorativir or repair is econnmrcaily teasib)e :end file security rt [hrs Chkd of ~l rust :~
<br />not thereby impaired. If such restoration or repair is mu ea±nnmicall~' [eastbiz or tf the s~.:uit}• of rhis Deed c+t -TYuu uuuid
<br />be impaired. the insurance proceeds shall be appiieJ to the sums secured by this Deed of "Dust, with the races>.:f an}, prod
<br />to Borrowtr. If the Property is abandoned b}' Borrower, .?r if Aonower fails to responJ to Lender within ?D da}s from the
<br />date notice is mailed by Lender to Borrower that the insurance ranter offers to scale a claun for insurance benefits. Lander
<br />is authorized to collect and apply the insuranct proceeds at Ixnder s option tither to reswmaon ur repair of the Pn?pen}
<br />or to the sums secured by this Deed of Trost.
<br />Utiless Lender and Borrower otherwise agree m writing, any such application of proceeds a? principal shall not extent
<br />or postpone the due date of the monthly imtallments referred to in paragraphs I ant .hereof or change the amount vt
<br />such installments. If under paragraph f S hereof the Property as acyuired by Lender, all right, title and interest of Borrower
<br />in and to any insurance policies and in and to the proceeds thereof resulting from damage to the Prnpert~ prior to the sale
<br />or acquisition shall pass tv Lendet to the extent of the sums secure) by this Deed of "Crust immediately prior ro such sale or
<br />acquisition,
<br />6. Preservatlon sad Mainteeaace of Property; Ltasehulds; Condominiums; Planned Upit Developments. Borrower
<br />shall keepthe Property in goof repair and shalt not comma waste rr permit impairment or Jeteriuratioir of the Property
<br />and shall comply with the provisions of any lease if this Deed of 'Crust is on a Icaxhotd. If this Deed c:t Trust is on a unit in .r
<br />condominium or a planned unit development, Borrower shall petfann alt of Sorrower~ obligations under the declaration
<br />or covttiants creating or governing the condominium or planned unit development, the by-laws ant reguhtions of the
<br />coudomioittm or planned unit development, and constituent documents. If a condominium or planned amt devek?pment
<br />sitter is txtcuied by Borrower and rtxordeJ together with this Deed of Trust, the covenants and agreemems oC such rider
<br />shaft be incorporated into and shall amend ant supplement the covenants and agreements of this Deed of Tnist as if the rider
<br />were a part hereof.
<br />7. Traettloa of Ltndtt's Security. If Borrower tads tv perfonrn the covenants and agreements contained- in this
<br />Dead of Tort, or if any action yr proceeding is commenced which materially affects Lendei s interest ~n the Property.
<br />ittelitdirrg, but not limited ta, eminent domain, insolvency, code enforcement, or arrangements ar proceedings involving a
<br />bntJtzert or d+. tdsat- tt~n f~ntltr at l.,ertdtr'S option, upon nutic+~ to Berrs?wtr, mey make sur<h appearan, es, Jishurst such
<br />stutaa rttt~ Ealtt sucft ae8ian_ as is necessary tv protect Lenders interest, including. but not limi[eJ to, disbursement of
<br />reasonable attorney`s fits and entry upon the Property to make repairs. If Lender required mortgage insurance as a
<br />eoaditioit of malting the loan securtd by this Detd of 'Trust, Borrower shall pay the premiums require) to maintain such
<br />ittstttalltt io eHtrei tratil stttli time. as the requiremtm for such insurance terminates in accordance with Borrower's and
<br />I.sedv's writLea tegrgrattat ur ap~tcahle law. Borrowtr shut{ pay the :imuunt of sit mortgage insurance nrcmiums in the
<br />rrrtaster ptotrided irst4tr paragraph Z hera?f.
<br />y antatoats disbareed lrv t.tndtr pursuant to this paragraph 7. with interest thereon. strait iric additional
<br />rdt~ raES of Borrower tocuroil by thin [mod of Ttvsi. Unless Burcuwer arril Gender agree a? other terr:.:.:,i payment, such
<br />aaspmrts rball ha psyaltAs upttt rrrniet frorrs IxnJer to Burrs.~sx•tr rtqutsting paytrtcnt thtrr'r.?f. and shalt bear interest from the
<br />elate ti! aE the rase payable from time u? tithe on arufxtanJ+ng principal under the Note tnttess paymem of interest
<br />at iiatls rttim ttiosdd bt contrary tex appfitatbta taw, in whirr tutor sx+ch atte+yttnts .;hall hear intertst at the h+ghest rate
<br />~a irtidse ~ lair, ~ ~ in rfas paragraph ' sfts7[ reyuus Lendtr rn irreut any eapense or take
<br />tMgf ~ ltrset~r
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<br />aatinett a fMe Irsaan+t
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