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<br />lJtarFnarl COVHtJAt673. BRffPWer aRd LCnder WVCnant and agree as follows: -,
<br />3. Payment of Principal and Snleresf. Borrower shall promptly pay when due the pri rcipal of and interesi on -the
<br />indebtedness evidenced by the Note, prepayment and late charges as provide) in the Note, and the ptincipat of and intettst.
<br />tin any Future .4Jvances secured by thts Deed Pf Tnrst.
<br />Z. Funds for Taxes rand Insurance. Subject [o applicable law or to a written waiver by Lender, Borrower shall -pay
<br />io ).ender nn the day monthly installments n( principal and interest arc payable under the Note, until the Nate is paid in fiat, .
<br />a sum (herein "Funds") equal to one-twelfth of the yearly tuxes ant assessments which may attain priority over this
<br />Decd of Trust, and ground rents on the Property, if any, plus one-tweihh of yearly premium installments for hazard insurance;-
<br />plus one-twelfth of yearly premium installments foe rnoi•tgage insurance, if any, aH as reasanabiy estimated initially and from -
<br />time to time 6y Lender on the basis of assessments and 6iils and reasonable estimates thereof. -
<br />The Funds shall be held in an institution the deposits or accounts of which arc insured or guaranteed by a Federal or
<br />state agency (inc:uding Lender if Lender is such an instirtuion). LenJer shall apply the Funds to pay said taxes, assessments.
<br />insurance premiums and ground rents. Lender nlay' not charge for su holding and applying the Funds, analyzing said-accounf
<br />or verifying and compiling said assessments and bills, units C.inJer pays Borrower interest on the Funds and applicable-Jaw
<br />permits Lender to make such a charge Borrower and Lender may agree in writing at the Ume: of ezecution~of this
<br />Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is-frtade or-applicable Jaw
<br />requires such interesi to be paid, Lender shall not be required to pay Harrower any interest or earnings on the Funds. Lender-_-
<br />shail give to Horrowcr, without charge, .m annual accounting of the Funds showing credits ant debits iP the Funds-need ihc-
<br />purpose for which each debit to the Funds was made. The Funds arc pledge) as additional security for the sums secttred
<br />by this DceJ of Trust. -
<br />If the amount of the Funds held by Lender, together with the forum rnonthiy' installments of Funds payable prior !o`-_-'
<br />the due dams of ruses, ^.tisassmena, insurance premiums ;end ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rcnte :a they tall Jue, such Daces. shall he. at Borrower's option; either-
<br />promptly repaid to Horrowcr or credited to Borrower on monthly instalimenh of Funds. If the amount of the Funds-
<br />hiid by Linder shall not fx sutlicient w pay taw's, assessments. inuuance premiums and ground rents as they fall due:
<br />Borrower shall pay to 1_ender any amount rncessary to make up the deficirncy within 30 Jays from the date notice is mailed - -
<br />by Lender to Borrower requesting payment thereof.
<br />"pon payment in full of all sums sicurcd by th+s Decd of 'rntst, LinJcr shall pttrtnptiy refund to Borrower anV Funds
<br />held by Lender. J( under paragraph IS hereof the Properly is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply. nu hoer than immediately prior nl the ,ale of the Propa;ny or iu ace{uisiiion by Lender. any Funds he1D by
<br />Lender at the time of application as a credit against the sums secured by this Dee) of "trust.
<br />3. Appticaeialn of Payments. Unless applicable Jaw provides otherwise, all payments received 6y Lender under the
<br />Note ant paragraphs I and 2 hereof shall be applied by Linder first in paymem tit amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Nute, then to the princrpal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. Charges; Liens. Borrower shall pay :JJ tunes, assessments :uul Pthcr charges, tines ant impositions attribuctble to
<br />the Property which may attain a priority over This Dced of Trust, and leaschuld payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof or, if not pail in such manner, by Borrower making payment, when due, directly
<br />to the payee theree(. Borrower shalt promptly furnish al Lender all notices of untounts due under this paragraph, and in the
<br />event Borrower shall make paymem directly, Harrower shall promptly furnish to ).ender receipts wiJencing such payments.
<br />Horrowcr shall promptly discharge any lien which has pnurity over flies Uied of Trust; provide J. [ha[ Horrowcr shall not be
<br />required to discharge any such lien su long as Borrower shall -agree in writing to flit payment of the obligation secured by
<br />such lien in a manner acceptable m Linder, ur shall m gaol lanh contest such hen hy, ur de(enD enforcement of such lien in.
<br />Icgul ~aueidings which operate to prevcm the cn(Prcement cal the lien or turf enure of the Property or any part ehereuf.
<br />5. Hazard lnsurauce. Borr~lver sh:dl keep the improvements now existing or hircalter erectal nn the Property insured
<br />against loss by fire, hazards include) within the mein "extendeJ coverage", and such usher hazards :u Lender may require
<br />and m such amounts and for such periods us LenJer may require. provided, that LenJer shall not require that rfie amuum of
<br />such coverage excieJ that attrount u( covcra~'e requucJ to pay the ,unto sccura'D by this Decd elf Tout.
<br />The invuanci carrier pnrviJing flit insurance shall be chosen by lorrower su6lcct to approval by Lender: provide),
<br />that such approv:J shalt nut he unreasonably withheld. Atl premiums ou insurance Ilnlicies shall be paid in the manner
<br />provided under paragraph 2 hereof ur, tt t:ut paid in such manner, by Borrower oinking pavntent, when Joe, Jtrectly to the
<br />IF35Rfatlei eafrief.
<br />All mSUra nee pPllett'S iind fe niWeis litefCPl aflall hi 111 IPrnl aecl'plltlle ta) I.etlde;i' Arid ,hart Inc JUill' a S[:3ndarU morlgagi
<br />clause iu favor Pf and its form acceptable to J_crrd,r. Lender shall have the nght u> boll !hc puliciis and renewals thefiPE.
<br />and Horruvxr shall uromptly furnish tg l ender all n.n:•wal !routes tin=.! a!! !?•cerp!s of I±utd prcmrrl.^.+.". kt !hie of lees.
<br />Borrowe, sh.Ji giro J,f ontpt noua.a to ihz ma uancc earner auJ Lender. i.cnder play make proof of Snss it nut rttade.promptiy
<br />,hv Boffus.~r.
<br />Unicss Linder and Horrowcr uihcrwisc agree m w~Ung, msw ante pnnceds sh:dl bi ;glpheJ m rosimation or repair ul
<br />the Property danmgeJ, provided uich rcarorauon ui repair a ecunonuc;Jly li;udllc euJ flit ecareiq' ul this Decd o(l rust n
<br />nut thereby unpauiD. Ii sue6 restoi mion ~rt« pan is not economically Ie:udlie m it rho ucuruy of this Dee) of Dust would
<br />be impmred, flit uuuranrc pnlcieJs shall be applied to the sums secure) by this UciJ of I7us6 wish the cute,,, +( any, part
<br />iu Horrowcr if the Prulurty is abunJuniJ by Burrower, of d Bornws cr lads w iespund w l coder wuhm IO days born rftc
<br />date nnuce is matte) by Lender W Borrower that the insurance carnet uitcis to xuk a elauu for imurancc bmxliis. LeuJir
<br />is authonzcJ Iu collect and apply the insurance procecDs tit Lender's upuun cttLer to resiur,mou or icpau of the 1'ropcrq
<br />or to the sums secure) by this Decd of "!'rust.
<br />tlnicss i.cnder and Burrower oiherw ise agree m wnuug, ,up wch apphe,u tun of pi ocecds to pnneglal ,boll nw extend
<br />or postpone flit disc dak of the ntunthly instaumeuu rettrreJ w m paragraphs I auJ 2 hircal ur duwge the amount of
<br />such instailntents. If under paragraph i N hereof the Propene a ;rrywmd by ).ender, .ell ugh[, udc and nltetest of Bornlwc•r
<br />in and a, any inwrance iwlioea ;utD w ant ro the polecats thereof resulting aura dunt.igi ro the PRllleny poor io the axle
<br />ur acquisition strati pass ur I_eudtr iP the axteut tit the ,unu securcJ by this Dced of four unulnJiately pour al such sale or
<br />acquisition.
<br />6. Preservation and 6lafulenauce u( t'rupecly; Leaschulds; Cwtduminiunla; 1'Ianned Unit llcxelapments. Borrower
<br />shall keep nc~ Property tit good rep.ar .utJ shall tier aunuurt . ,utc , i pcnnit intp,uuoem daruortnun tit the Pnlpcrt}-
<br />anJ shalt comply with die provisunts of any Ieaae r( thin UoeJ a( I ru+t n on :t Icuschold II thin Dee) al 1'ruat a tin a unu tit ,~
<br />condominium ur a plumed unit JcvilPpmmu, Borrower shall ixaunu ail tit Borrower s ubhgatiom uuJet the declaration
<br />or caveuanis creating or governing the condomintunt or planncJ unn Juvelopnreni, the by-law's ant regulations ul the
<br />eunJmninium or planneJ unu development. nut tunauiuau Docuincut,. If u eouJunuuium ur planned amt divalopnnau
<br />rider is executed by Horrowcr and retta-JaJ together wish thin Ueed ul I mist, nc~ cuvmwnis and agceentiut, tit such nJu
<br />=.Jtalf t~~ i nc.lrrarvi+::J rr.tsl a=1d zhaSJ ant;=;t;: uuJ aupp'rru,<:n Ebe k.;tcrrant-s an,J .agtcs-ulcots .±I this J)ciJ of J r.a,t a, rt ib~ tl:Scl
<br />were a pint hsrcul.
<br />7. PRacefirr,l of isudrr's 5ecudiy, if Hnn uwer fads a+ pct lawn fire cavenanu and age ccnwnia anttantcJ m nc~+
<br />Ueed of l'ruat, ur if any action ur praleceJuig a cunuuenced which nt,ucnally ,rtleas I inJer\ interesi m the Pn+pcrly.
<br />nsludiug, but ^P6 IimiteJ to. eminent Domain, iiuPiveucy, code eutumirnin 1, or arr,utgimints or pr ueecdutgs ton olv mg ~i
<br />bankrupt ur decedent, then Lender :u Lwtder•s uptiou, upuu uouce a, lion uwer, Wray make such aplRei.utcc, Johann such
<br />sums mid WAe such action as is neceaaary to protect l.eodir's interesr, including. hu1 Hui Iunii.eJ n,, atnhuraenteot Pr
<br />reasonable auunlcys (cos and entry upuu the Prolurty ai make icp.uia II LenJer u•.pnud nwitg.rgv^ uruu,nac u
<br />condition of making the loan secure) by [his Ueid of TntsL Bunnwer shell pay the pranuunu reyuucd iu nsumam such
<br />insurance in clfeet until such tinge as the riywremenr fur wch mew ante renninares m accordance with Borrower's .u)d
<br />Lender's wnuen agrceulint or applicable: law. Borruww shill pay nc~ :unuuw ul :JI nwrtgage maur.uta• preuuunts ui the
<br />nlnnnu provided under paragraph Z hercuf.
<br />Any atuoun4 alisburseJ by Ixndcr pursuant ni thin pat ugraph 7. with mini cst ihcreou, shall become aJduional
<br />inJchtedness of Borrower secured by flits Deed of l'rust- finless Hun owcr and I coder ngrec to other terms al payment, xt:h
<br />unutunis ,hull he payable utxin notice loon Lender w Borrower riyuesung p:ryntcni therrol, and sh:Jl hear uuirest Inun the
<br />date of disbUrtiemcut al the rate paya6lc tram time lu lints ou uuulanJmg pruleipal under nc~ Nore unless payment tit Inlerest
<br />tit such rata wuulD be conlrufy !u aptlhcabl_• law, in which evmtt ,tech antuuitn shall heal usiercni tit tha hlgllesr me
<br />putrnissiblc under apnlicabic law. Nothing conta;.ncd tit this paragraph 7 .hall reyuui LinJir to ensue any ixpiuac or take
<br />any action hircelnelcr.
<br />t:er ill y matt u a-sac to br: m u r ur of - tt up;:rr .in.r :ii rr- t -r tit the Property, (>r::v:d
<br />Fhar J a:id ~,a ''yiFcu.,r,o»ar .tu.icc p. for ru any such me{xctiul alxcuymg raasunebL :una [nu trot ici:d cD to i cnaier
<br />imet~si in the Property.
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