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<br />UNt>=asst Covsxanrrs. Borrawer and bender covenant and agree as follows: -
<br />i. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest an the - -
<br />indebtcdness evidenced by the Note, prepayment and late charges as provided in the Note. and the principal of and imerest= -- -
<br />nn any Future Advances secured by [his Uecd of Trust.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lander, Borrower shalt pay'-.-. -
<br />to Lender an the day monthly installments of principal and interest arc payable under the Note, anti! the Nate is paid in futl._ -
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taxes anti assessments which may attain -priority aver this
<br />Deed of Trust, and ground rents an the Property, if any, plus one-twelfth of yearly premium installments for hazard-insurance:
<br />plus one-twelfth of yearly premium installments for mortsage insurance, if any, ail as reasanah{v estimated initially and from ,
<br />time to time by 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-ar guaranteed by a Federal or -
<br />state agency {including Lender if Lender is such an institution). Lcndcr shall apply the Funds to pay said taxes; assessments,. -.
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying [he Funds, analyzing said account'
<br />or verifying and compiling said assessments and bills, unless Lender pays Barrower interest on the Funds and applicable law - -
<br />permits Lender to make such a charge. Borrawer and Lender may agree in writing a[ the time oC- execution of this
<br />Deed of Trust 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, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrawer, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the -
<br />putpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured-
<br />bv this DeeJ of Trust.
<br />?f the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to --
<br />the due dares 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-Tali due, such excess shall 6e, ae Bon•ower`s option, either
<br />promptly repaid io Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />hell by Lcndcr shalt not be sufficient to pay taxes, assessments, insurmcc premiums and ground rants 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 Borrawer requesting paymem thereof.
<br />Upon payment in Cull of all sums secured by this DeeJ a[ Trust. Lender shall promptly rcCund to Borrower any Funds
<br />held by Lender. If under paragraph iii hereof the Praperry is said ar [hc Praperry is otherwise acquired-by Lendce. Lender -
<br />shall apply. no later than immediately prior to [he sale of the Property cr its acquisitiar. by Lender, any Funds held b}•
<br />Lender at the time of application as a credit against the sums secured by this Decd of Trust.
<br />3. Applicafion of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shall he applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 3 hereof, then in interest payable on the Note, then to the principal of the Ntue. and then to inieres[ and
<br />principal on any Future Advances.
<br />~. Cfiarges; Liens. Borrawer shall pay all taxes, assessments anti othec charges, fines :ind imprnitians attributable to
<br />the Property which may attain a priority over !his Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof nr, if not paid in such manner, by Borrower making payment, when due, directly
<br />to the payee thereof. Barrower shalt pramptly furnish to i-ender all notices of amounts due under this paragraph, and in the
<br />event Borrower shall make payment directly, Borrower shall promptly furnish to (..ender receipts evidencing such payments.
<br />Borrower shall promptly discharge any Vien :vhich has priority over this Decd of Trust: pni+•itictl, that Borrower shall oat be
<br />required to discharge any such tier. sa long as Borrower shall agree in writing to the pa}•ment of the o6ligatian secured by
<br />such lien in a manner acceptable to Lender, or shall in goad faith contest such lien by, or defend enforcement of such lien in.
<br />Legal proceedings which operate to prevent the cnfarcement of the lien or forfeiture oI the Properq^ ar any part thereat.
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter crecteJ on the Property insured
<br />against loss by fire. hazards ind~ded within the term "extended coverage". and such other hazanis as 1_endcr may require
<br />and in such amounts and for such penods as tender nvty require; provided, that Lender shah hot reywre that the amount of
<br />such coverage exceed that amount of coverage reyrrired to pa}^ [he sums secured by this DeeJ of 'trust.
<br />The insurance carrier providing the ihsurance shall he chosen b}• Borrower subject to upprova hp 1.coder. provitleai.
<br />t;tat such approval shad one be unreasanabiy withheld- All preriums on insurance policies shall he pail in the manner
<br />provided under paragraph ?hereof ar, if not paid in such manner, by Borrawer making payment, whin due, directly to the
<br />insurance carrier.
<br />nil insurance policies and renewals thereof shall he in form aeceptabtz to i.enticr and shall include a srrndard mortgage
<br />clause in favor of and in form =tcccprahte to Lcndcr, Lender shat! Irwe [hc right iu hold the ptt(icics and renewalc (bores E.
<br />and Barreewer shat[ promp[ig furnish to Louder .tli nacw^al rarices and ::ll r eeipts rf psis( prcntiums. in the event ct' !ass.
<br />BOrrowCr shat) grvc prompt notice to the uasurancc ctrricr ;uni Lcndcr. Lcndcr nmY tnako proof o7 loss d not nradc ptompdy
<br />bs Barrewer.
<br />Unless Lender and Borrawer athenvisc agree in :.-tiring, insurance proceeds sttuli 6e applied to restoration .!r repair of
<br />the Property damage). provided such restoration or repair is cc.+nonurally feasible r.nJ the security of this L'ce.! nt Trust i.
<br />not r,hereby impaired. if stub restoration ar repair is not economically leasihle or rf the seninty of this Deed a( Trust would
<br />be impaired, the insurance procards >hali he aaplicd to thu soots seamed by this Dual ul 'CnisL with the cuccs, if any. paid
<br />to Borrower. if the I'mperty is abanJanetl t?y Ban owcc nr if Rnrm++er I;aiis to responJ h, Lcndcr avithin i(} days Crum the
<br />date notice is mailed 6y Lender to Borrower that the insuruxe sutler olfeo to senlc a claim for mxurtnec henetita, Lcndcr
<br />is authorize) to collect and apply the insurance proceeds cu Lender's option euher to restoraton or rcp;u. nt the Property
<br />or to the sums scn:red by this Dec) of Trust.
<br />U niess t.endcr and Borrower otherwise agree m writinit, :uic such apphwuan of proceeds to princpal shalt not extend
<br />or postpone the due date of the nwnihl}' installments rci erred tom paragraphs i and ? hercot or change the amount ni
<br />such instaBmcros. If under paragraph Iti hereof [hc Property a acgwrcd bg LenJcr, .til tight, u1lc uoJ intcr~+t of Borrower
<br />in and ro any insurance L>nlicies and in .utd to ine pmcecds thereof rexddng tram damage to the Pmprrty poor to the s;dc
<br />or acyuisition shat! pas, to Lender tit the event of the aura negated b} this Deal of Trust inmcediately hoar t„ such s,de or
<br />acyuisuion.
<br />6. Presenalian and :Naiolenance of Properly: Leasrhulds; L'nndnminiunu; 1'lanued t!nit Ucvclapmenis, lion owci
<br />shall keep the i'ropcrty in goad repay .ind shall m.t conunn ,+:me ,n pcnnn unp.w man[ or Jeiri inuu ova „i the Property
<br />.ind shall rnniply with the ptovivons ni :uiy Ic;uc if this Decd of l tint n en :r Ica+chold. 1! thn Dccd ad I~; usi a ra ,: unit m ;i
<br />condamimem or a plahnad unit JcveLapmcnt, Borrowei shall parlonn nli i+t Borrower., arhiigminm antler the. declarauou
<br />or covcnauts westing ur gas eruing the cunJcxninium ar pluuued unn de+elopnnau, the h}-Iaw.~ uni :cguiutiom of the
<br />candominihut or phmned amt devebpmen6 and constitucm :fnsunc•nis- It a dcnJ,unuunnv or nlannca! unit do<vlnpmcnl
<br />rider is uxceuteJ by Borrower ;ind r2conled together wuh tluo Deed of 1 rust, the covenants and a;!reemm~l+ of such nal<r
<br />shall tx; incorporat tl into and shall amend urtd supplerucnt the :oveuants and :igicenicnts of this DevJ i+. 'i rn,i ;n it the odor
<br />wero :t part hereof.
<br />Proteaiion .,i= f.ejrder's 4eetttiiV. if Barasnver tints u, pcrrornt t c+: err, itsu eat ,,;r =in~nrs ~~+nta.r,r,i n+ :ltr.
<br />l1ezd~ilf Trust, -r d ^ni- aetio^ rr prot:eeJmg i .ciraueuud ++hieh !,rtn riaL_ acts (tinder. nriaa ui ,ire prapv rty.
<br />includhtg, hui not hnu[eJ tu, crninent Jammu, insidvenn, dal an L:icaancnt, ni ,u rnit+,umwu, r noccn~d i 4 +-olahig a
<br />bankrupt ar decedent, then Lender at i-cndei s a+ptiou, upou ntnier to Ilanowet, ,na} nrd.c +u.h .rppe,ir.ruar, di,lxu s~ ,u:h
<br />gums and take stteh .eGon Las is necessary to protect LerdaiS rnierest, nm-ludmg, ;nrt n;a linme-d t=,. .hsbne~s=na~in .'I
<br />reasonable attt+n+cy's tc~s and entry upon the 1'rol~tly t,t make rrp.,iis- 1[ Lrndat iaµineJ into tyaga msw.incr :,
<br />condition of making the la.w sccnn•J 6y d»s Dccd of 'le'ast, Bern,wcr ,h:di pay the Incimumn raaptn rJ t~, niuuu;un ~u<h
<br />insurance in et?get uatit such ante as the reyurrancat for nicb insurance ternun;oes in a eurdenec •.anh Batrotrrt's .,nd
<br />Lender's written agreement ar appticable Irtw. Bnra±wa shall pay the .uuooni .+i .ill nu,i t}in ec m.w.nire ;naonunr. r; rho
<br />manner psavidesi tinder paragraph ~ hereof.
<br />Any amounts disbursnJ by LenJgr pursuant nt this paragraph wnh interest ~hciaun, stall i~c.,vne a,fditumai
<br />indettte~ness ,•,f Aorn+wer se.atred by this Tlaecl al 'fn.t>t. l;uless Harrow-or ;end I cuJrr .iercv t„ nUter term. ni I;avux•ot. s~a: it
<br />-oton=n, sttnil !x: p:ry-able upon noon: from i-endci to Borra+a ¢r ratuzstiug puvwenl thw a~,f, -tnJ shall tv~;tr r=neir,i i,.,,u rlic
<br />date .'f its<bnrsantent a[ the race payable from iirne to tithe on oulsuniding ,srinei poi under d,r tiot t •; , :;votam „t i;nerra
<br />at €u+i: rate would he contrary kt appticable law, ir, ;ahtch e:--ant snob ;imounn shat' b .uav-e.ts-it the h~ghe,r r.nr
<br />pcunisvbie riuder rt;y=bear law. No!hittg ,c+ataineJ m IYns paragraph ',' s+tall n•yuity l.andera to i<<-:cut any c>[xnxe ur arke
<br />,;:till. ba:tenndet.
<br />~3i. SQ-ge,=ei.+a. •utLr wa)~ nuztie„ ,.: r^i he m.uie r<a - -L-e.: ,tiriv~=,i,^-,~n ::nom !n,pi;.ii -~ iha' i`+-f -i} ^.i_,t
<br />the; X :~n.;rr shr8i give rBorru:vcr npti<e 1'•ri„t at J a.1}' :nm;it atspcstio,t s6,ca:ri;7,F, red.:,aable c.ia+e thei Cl a' -e!.,i.ti t,• I ender ,
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