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<br />U~trna;,i Covr:e;.>vrs. Borrower and tender covenant and agree as follows: - "
<br />7. Payment of Principal and Infereri. Borrower shalt promptly pay when. due the principal of and intercct on the
<br />rndchtedress outdo' :ed by the Note. prepayment and late charges as provide) in the Note, and the principal e:` and intr. cst
<br />nn ans' Future Ads antes secured b+,' this UcCJ of ~i rust.
<br />2. Faads for Tazes and Insurance. Subject to applicable taw or m a written waiver by Lender, Borrower shall pa}•
<br />to Lender nn the day monthly installments of principal and imerest arc payable under the Note, until the Nute is paid in Full.
<br />a sum (herein "Funds'1 cyuai to eve-twcl(ih of the vca rly !arcs and assessments which may attain priority aver thi_<.
<br />Decd of Trust, and groun8 rents nn the Property, if any, puts one-nvcifth of yearly premium installments fur hazard insurance.
<br />plus one-twelfth of yearly premium instalimrnts f:,r mortgage insuru,ec, if ::m•, all as reasonably estimated initial3y and from
<br />time to time by Lender on the basis of avcssmenis and 6i31s 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 inslitu !ion). Lender shall apply the Funds to pa}• said razes, assessments.
<br />insurance premiums anJ ground rents. !.ender may nut charge (ar so holding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessments and i,ilk, tudess Ixnder pays Borrower interest on [he Funds and applicable law
<br />Ix rmits l.erdcr to make such a charge. Borrower and lsnder may agree in writing at the time~uf executiop of this
<br />Creed of Trust that imerest oi, the Funds shall he paid to Borrower, and unless such agreement is made ur applicable law
<br />requires such interest to be paid. Lender shall not he reyui red to pay Borrower :mv tine-, cst nr earnings on the Funds. Lender
<br />shall gtve to Borrower. without charge, an annual accounting of the Funds showing c: edits and debits io the Funds and the
<br />purpose for which each debit [u the Funds '.vas made. The Funds are pledged as additional security' for the sums secured
<br />h}' this Decd of Trust.
<br />It the amount of the Funds held by Lender mgether with the fi+hrre monthly inst:dlmcnts of Funds pa}'ahle prior to
<br />the due Jates of taxes, assessments, insn ranee premiums and groan.! rents, shall exceed the amount required to pay said taxes.
<br />assessments, insurance premiums and groan) rents as they Intl due, such excess sh:dl he. at Borrower's option, either
<br />promptly repaid to Burrower or credited to Borrower nn monthly installments of Funds. If the amount n( the Fund;
<br />held by Lender shall not he sal?tricot m pa}' !ores. assessments, inmrance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount neressar}• to make up the deficiency within i0 days (mm the Jate notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upan payment in full of all sums secured by this DceJ of Tntct, Lender shall pwmplly refund to Rarrawer any Funds
<br />head by Lender. If under paragraph IS hereof the Property is sold or the Property is otherwise acquired b}' lender, lender
<br />shall apply. no later than immediately prior u, the sale of the Properly or its acquisition by Lender, any Funds held by
<br />1.en der at the time of application as a credit against the sums secured by [his l~edd nf`Trusf.
<br />3. Application of Payments. Unless applicable law ~,n+vid+`s~'rdtcru~ise;'a3t~I}'Syme~nfs`receiveJ by 1_ender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable an the Nntc, then to the principal crf the Notes and !hen u, imerest and
<br />principal on any Future .Rdvances.
<br />4. Charges; d.iens. Borrower shall pay all rases. assessments hint ,nher chart}Cs. fines and rmi^rositinns attributable to
<br />the Property which may attain a priority over this Deed of Trttst, and"leasehgkt payments or ground rents, if any., in the
<br />manner provided under paragraph 2 hereof nr, it nor pail in such manner, by Burrower making payment, when due. directly
<br />to the payee thereof. Borrower shall promptly furnish to tender all notices of amounts Juc under this paragraph, and in [he
<br />event Borrower shall make payment directly, Borrower shall promptly (urnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any rice-n which has priori!}' Duct this Uecd of Tnist; provided. that Borrower shall not he
<br />required to discharge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured b}•
<br />each lien in a manner acceptable to Lender, or shall in good [xith contest such lien. by, or defend enforcement of such lien in.
<br />legal proceedings which operate to prevent the enforcement nt the lien or forfeiture of the Property or am• part thereof.
<br />5. Hazard Iasuraare" Borrower shall-keep the improvements now existing or herca(ter erected un the Property' insured
<br />against loss by fire, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />and in such amounts and for such periods as tender map require; provided, that Lender shall not require that the ansount of
<br />such coverage exceed that amount of coverage required to pay the sums scented 6}' this Deed of Trust.
<br />T"ne insurance carrier providing the inwrance shall F,z chosen by l3orrnwer subject in appro: al b}' Lender: provided.
<br />that sacir agprovai shalt not he unreasonably withheld. Ali premiums an insurance policies shall be paid in the mantter
<br />.provided under paragraph 2 hereof or, if not paid in such tt5anner, by Harrower making payment, when clue, directly to the
<br />insurance carrier.
<br />AB insurance pokcies and renewals thereof shall be in form acceptable to [.wider and shalt include a standard mortgage
<br />Clause in faror of and in form accepiabie to Lender. Lcndcr shall have the nght to bolt! the politics ;md true,•als thereof.
<br />and Borrower shall promptly [urnish to Lender :dl renewal notices and all rcecrpts of pail premiurs. In the went of loss.
<br />Borrower shall give prompt notice :n the insurance carrier and Lend: r. I_Lncicr may make proof of toss if nut made paimptl}
<br />by Bnrrowt:r.
<br />Unless Lender and Borrower otherwise agree in uriung, insurance proceeds shall be applied to restoration or repair of
<br />the Property damaged, provided such restoration or repau is Ca,nonucallp Icasihle and the seninty :d this Decd +,I Trust i,
<br />not iheretrc impaired. 1f such restoraton or repair is not enrnomically ieasiMe or ii the cucurit}' of this Ured of Tnist svotdJ
<br />be impaired, the insurmcc proceeds shall rte upplicJ to the sums secured by this Ueed a( T'ntst, wdh the excess, d anp, paid
<br />to Borrower. If the Property' is abanJnncd by I3mrower, or if Borrower talk to respond m Lcndcr within 30 days from the
<br />date notice is mailed by !.ender to Borrower that the msuranee carrier offers to settle a cL•um for insurance benefits. Lender
<br />is authorized to collect and apply the insurance proceeds :u Lender's option either to resmrinon or repair of the Property
<br />or to the sums secured h'; this Decd of Trust.
<br />Unless Lender and Bormw•er o[hc~nvlse ngree in writing, any such applirumn of proceeds to principal shall not extend
<br />or postpone the due date of the monthly itxtallmens relerrcl to in paragraphs i anJ ] hereof or change the amount of
<br />such installments. If under paragraph I S hera,f the Prnperl}+ is. acyuirgd i,.y: Lender, all right, title and interest of Borrower
<br />in and to any insurance policies and in and tti the proceeds !horror rcsuR~uc tnmi damage to the Property poor to the sale
<br />ar requisition shall pass to Lcndcr to the eaten! of the sums >ecureJ h}' thus Deed nt ?gust immediately prior to such sale or
<br />acquisition.
<br />b. Preservalinn and 1lalntenance of Property; 1•rascholds; Candnmininms; Planned 11ni1 Developments. Hnrn,wer
<br />sh:dl keep the I'roperry- in goad rep:ur .md sh:dl not annntu ua,ie nr penuu inq,,unnem nr Jcterinr:uion of the Pn,perty
<br />and shag wmpl}' with the provisions nl aiq' lease d this Uecd al IYua a an :r Icasohuid. I( this DeCJ got Trust a on a :mum :r
<br />condominium or a planned unit development, Hnrrower shaii pcrLnm ail of Burnzuer~s ohiigations under the declarnunn
<br />or emenaats creating or gorerning the condominuun nr planned unit development. the by-laws nnet rcgulauuns +,i the
<br />condominium or planned unit developmem. and consuhiem document.. if a ,:ondominwm or planned unu devclopnic•nt
<br />nder is executed by Borrower and recorded mgether wuh thu Uecd oI ? rwt, the revenants :u,d agreements of uich rider
<br />shall be incorporated into and shall amend and supplement the cos rnanu ,md .+crcemenis of this Dee+t nt Tniu as if the nder
<br />were n pan hereof.
<br />7. Proteetlmr of Lender's Security. It Bornns cr talk to oerl+irm the <u, znan[s and agreements aanamcsi m this
<br />Ueed of 'frost. ur it as}~ action or pmcaeJiac is a?nunatrcd s~hich mxtcnal!} ;die. is I ender; uuere,t m the Prnl>Grty.
<br />including, but not limited to, eminem domaut, mxolvenc}. rude entorretncnt, ur nrre nccntents ,rr pn,recdu,c, ~~ + wing :+
<br />hanSrupt or decedent, then Lender :u Lertder~, option. upon notice l0 13orrou'er, may m.+t-c such uphc:u.inCC.,. d:,h!u.c such
<br />sums and take such action as is necessary to protect Lender', interest, mchtd:na, but not hmdcd r,, drsh:nsrnicut .n
<br />reasonable attorney's fees anJ entry upon the Pn,pCrty to make repairs. II Lcndcr ieyuu cd man Cage ~n,m.ince a e
<br />condition of making the loon secured by this Ueed of Tntst, F3orrnwrr shall pay the premrunn requr.ed io maintain vrh
<br />imurance in ci?ect until such time as the reyuiramem for ,uch icarnmcC terminates m ac,oNauc wnt± B„tn+u er~, .i ~~d
<br />Lender's written agreenr~nt or applicable taw Rarrowcr shall pa} the ;nnutuu of alt nu>rteage mxuancc p anon:, .n !hc
<br />manner provided under paragraph ?hereof.
<br />Am• amounts disbursed by Lcndcr pursuan! to this paragraph 7, with intcrcst ihc:eon. ,hall hea,me adduiar^,+I
<br />indetncdncss cf Borrower secured M• this DecJ of l lust, L!nlCSS Borrower and Lcndcr agree to other tn:m of pas mom. uirh
<br />amounts shall be payable upon notice from Lender to Borrower rcyuesting payment ihoi c+,b .u:J shut! hem aortas! !nom the
<br />date of disbursement at the rate payable !torn time to time on omcuuuling pnncip:d under the ~otc urJesc paymem .,I tole re;t
<br />at such rate would be .antra n' to applicable law, in which event such nnuxuus .hall hear nncresr at the hichcu rate
<br />permissihie under applicable hrw. Nothing cnntriincd in this paragraph ; shall require I_erdcr to incur any cxpensr ar lake
<br />any actiur, hereunder.
<br />' ft. Insperfion. Lcndcr may make ,+r arose to be made reasonable entries upon amt Inspections of the Pmpcrn'. pan iJeJ
<br />that Cruder shall give Borrou'cr noun I%rior to any +uch mapecuon specilymg reas..n;d,le cause ihrre tar rcl:ucd n, LenJrr~.
<br />interest in the Proaertv.
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