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<br />UNIFonM Covt=t+atvrs. Borrower and Lender urvenant and agree as follows:
<br />i. Payment of Principal and interest. Borrower shall promptly pay when due the prncipal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provtded m the Note, and the principal of and interest
<br />on any Future Advances secured by this Deed of Trust.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender an the day monthly installments of principal ;rod intemst are payable under the Note, until the Nate is paid in full.
<br />a sum (herein "Funds'? equal to one-twelfth of the yearly faxes and asscssmcnts which may attain prority aver this
<br />Deed of Trust, and 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 mortgage insurance, if any. ail as reasonably estimated initially and from
<br />time to time 6y Lender on the basis of assessments and bias and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or account; of whtch are insured or guar-,nteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). I-ender shat! apply the Funds to pay said rases, assessments,
<br />insurance premiums and ground rents. Lerzder may not charge for sa holding and applying the Funds, analyzing said account
<br />or verif}'ing and compiling said assessments and 6iIIs, unless Lender pays Borrower interest on the Funds and applicabic taw
<br />permits Lender to make such a charge. Borrower and Louder 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 or applicab}e law
<br />requires such interest to be paid Lender shall not he required to pay Borrower tiny interest or earnings on the Funds. Lender
<br />shall give to Aorrower, without charge, an annual accaunung of the Funds showing credits and dehiu 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 this Deed of Trust.
<br />if the amount of the Ponds held by Lender, rogether with the future monthly insial[ments of Funds payable pnor to
<br />the due dates of rases, assessments. insurance premiums and ground rents, shat! exceed the amount required to pap said rases.
<br />assessments, insurance premiums and ground rents as the? fall due, such excess ,hall he, :u Barmw•eis 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 .hall not be sufficient to pay rases, assessments. insurance premiums and ground rents as they fall due.
<br />Borrower shalt pay to Lender any amount necessary to make up the deficiency within i0 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of aB sums secured h} this Deed of Trust. Lender shall promptly refund to Borrower any Fonds
<br />held by Lender If under paragraph 1 S hereof the Property is sold or the Property is otherwise acquired by Lender. Lender
<br />shall apply, no rater than immediately prior to the side of the Property or its acquisition 6y t_endec env Farads held be
<br />t-ender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. Application of Payments. Unless applicabic tau prnv:des oficnvise, ail payments recen~ed hs Lender under the
<br />Note and paragra(~hs 1 and 2 hereof shall he applied nc Lender first m paymem of amuunu payable to Under hp Borrower
<br />under paragraph 2 hereof, then is interest payable on the Nota~. then to the princpal of the Note. and then [o interest ^nd
<br />principal on any Future Advances.
<br />S. Charges; Liens. Borrower shad pap aft t-.ixes, asscssmcnts anti ,ether charecs. fines .imi imnosnionc .uiributa Mc to
<br />the Property which may attain a priority over slits Deed of Trust. and leasehold payments ar ~ pound rents. if any. m the
<br />manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment. when due, directly
<br />[o the payee thereof. Borrower shall promp9v furnish to Lender al notices of amounts due under flits paragraph, and in the
<br />event Borrower shall make paymem directly. Barmwer shall prampd}' iurmsh io [.ender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien avhich has pnori:y rner dos Deed ,if Trust: pmvidc+i, that Aorro:er ,hall na he
<br />required to discharge any such lien so long as Borrower shat! agree .o writing to the payment of the ohh eaunn secured by
<br />such lien in a manner acceptable to Lender, ar shall in goad fsnh cwtcst such I;en by. or Defend eniorremcm of such lren in.
<br />legal proceedings which aper a[e to prevent the enforcement of the hen or fartciwre of she Propert} or any pan thereof.
<br />5. Aantd Insurance. Harrower shall keep the imorovements anti- existing ar hereafter erected an the I'ropertp insured
<br />against lass by fir e, hazards included within the term "enended mveraec"~. and ,uch other hazards as Lender may regwrc
<br />and to such amounts and for such penods as Lender may require: provided. that Lender shall not reywrc inns the amount of
<br />such coverage exceed ?hat amount of coverage reywred to pas the sums secured by the Deed of Trust.
<br />The insurance carrier providing the insurance shall be chosen hs' Bt>rrrnver wb;ect ro .epproa,,! by ! ender pntvtded
<br />[hat such approval shall not be unreasonably withheld- A!1 premiums nn insurance nalines shall he paid in the manner
<br />provided under paragraph_ hereof or, i2 not paid in such manner, h} Borrower making payment, when due, dtrectiy to [he
<br />insurance carver.
<br />All insurance policies and renesvak thereat shall he tit form acceptable u' lender and shelf mdtide a standard mortgage
<br />clause in favor of and in form acceptable [a Lender. Lender shall have the ngnt io hol;i [he pullers and conc.; als thereof.
<br />and Borrower shall promptly furnish to Lender all renewal notices and .dl receipts of ;;aiJ premium,. In the cycnt of ins,.
<br />Borrower shall give prompt notice to the insurance earner and Lender I-anJer may ma6e proof al 'oss : ~ rat in^de pn%modc
<br />by Harrower.
<br />Unless Lender and Be-rnswel ;n hera'ise agree m •.a rn mg, insurance proc~ds ,hall be applied to iev.veuan er repau rat
<br />the ,Property damaged. provtded ,uch zestaranon er repair :, cn,nomicali}~ ;easibie .:nd the ,ecunta :,t tn:, Uar.' ~,t -~ rust ,,
<br />no[ thereby impaired. if such resterazwn or rapatr is not economicallc feasih.;c o- a the aeatnty rat tr-:, Drad of i ;tut anti}d
<br />be impaired. the :nwrance proceeds snag be applied to the sum. secured tn• this Deed of frost. uiih the cues. si ans. pail
<br />to Borrower. if the Property s abandeneJ b}' Borrower. ~.~r tf Borrower fail; to respond io i_en~tr .;tthin )t3 daa~ :rum the
<br />date notice is mailed by Lender to $or rower that the +nsurance carrier o[Iers to settle . claim '., ~n.r;r atxr benefit,. Lender
<br />is authorized to co}feet sod apply the insurance nroceeds at Lrra'trs uptian r,iher rc resiorat;en ar repan o, the Prapcrta
<br />or to the sums secured by this Died oT Trust.
<br />Unless Lender and Borrower otherwise agree rn w; lung, ana ,uch appi,cauoa :,t n eeS,," to pnao?ai >hal} not extend
<br />or postpone the due date of the monthly instalimenu relerred to w par::grsphs ! .,ndr+'` hereof :~. cita::ge the amount of
<br />such installments. If under paragraph IS hereof the Property is acquired 'ray Lender. a!i n_ht, title .fatJ uuere>t n[ Borrower
<br />in and to any insurance policies and in and to the proceeds thereof resulting from datnage ::~ the Property onnr to the sail
<br />or a+:gttisition shall pass to Lander to the extent of the sums secured -ray thi> Deaf of T-rust ~!unmd!areh pnor to such sale or
<br />acquisition.
<br />6. Preservation and Mainlenatice of Property; Leaseholds: Condominiums; PEanned Unit Developments. Borrower
<br />elicit keep the Prapem• in good repair sod :ha3t cot c.vmm~ ~-. axle ~~+ (,crow nn r..,;~rnr.,.: -.; ,irten•,rau.m of <. he ('r.,prna.
<br />:rod shall comply with the provisions of joy (ease if this lleed of Trust n on .i ieasehniJ_ it tot, Deed ri Trust is on s amt .n :;
<br />condominium ar 'a planned wait development, $ormwer shall petfomt sll rat Borrow cr'> chhgauons anJer the deciaraoon
<br />or covenants creating or governing the condominium or planned unn dca elopment, the `~a -la:u .: ,d :e<_ulauons :,. :
<br />condttntinitun or planned amF devetopmeni, and .ansutuem decumcros h' a condemn?tam ter planned amt devefoo~mr~nt
<br />rider is executed t;y Borrawcr sod recardect together with this Deed of Trust, !t;r , oxcnanis sou ,:grcrn:eon of such rider
<br />shalt }><, incorporated lino and shal3 amend and supplement the .:ea-erant^ ar,J .agree meets .;t th;s f)red ,:! fr us: a> :f the rifer
<br />..:c a part hereof.
<br />7. Protection of Lender's Seeonty. II 8orrow"er fails to ~rform the coaenums anJ acrrrments contained in inn
<br />Deed of Trust, or if any 'actiwt or prnceedmg 's cammerced which matertali} .streets I"cnder's .ntrrr>t ~^ the Prr•. pem.
<br />iitduding, but not limited io, eminent domain, insoKxncy, code entnncment, or arraneertteat> ,~r proceed:rag, ~ u a-ing .
<br />bankrupt or decedent, then La:ndez at txader's opiian, upon nonce to Aorrower, ma} mui.e such ,:ppcui ancc,. dnhurac ,u_h
<br />sums and take such action as is necessary ±; prmect Lender's interest, wcfuding, his[ not Icmiteti -~. disbursement :~~i
<br />reasonable attorneys fees and entry upon the Property to make repairs- if }..ender reywreJ mortgage ;nsurincc :,, ;e
<br />cond}lien of making the loan secured by this Deed of 'trust. Borrower shall pee the prcnuums reyuucd to nru uvau; ,ugh
<br />insurance in effect until such lime us the requirement roc ,uch ;nsurance terminates .n aca,rd:utce wnh Aorrower", .,nd
<br />Lender's written agreement or app}icabfe taw. Borrower >hail race the amount „t al! murt~agc :a~urance prrrnmm, in ihr
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, wnh merest thereon. .hat! ',ecome adSUOn:d
<br />indebtedness of Borrower secured by this Deed of Trust. t'nless 6orrawer sod i-ender ages !o other terms of payment. ,uch
<br />amounts shag be payable upon notice from Lender to Harrower rryuesting paymem thereaf..md shall hear interest fmn, the
<br />date of dishursemeni at the rate payable frnm time to time an outstanding principal under :he sore unless payment c+f interest
<br />at such rate would be crntraty to applicab}e }aw, in which event ,uch amounts .hall .nteresi :u the highest
<br />permissible under applicable law. Nothing contained in this paragraph 'shat: reywrc Lender to incur am, expense or take
<br />any action hereunder.
<br />8. Impoction. Lender may mane or cause to be made reasonable cntne, upon anti nxpea+ons of the Property. pn:; ided
<br />that Ixnder shat[ give Borrower notice prior w any such inspection ,peedymg reasonable cause thcretnr relined ?^ 1 ender.
<br />imerest in the Protxnv.
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