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80-~ U~4? 20
<br />UNt~oart Cavr;v+rvrs. '3orrower and Lender coveirant and agree as fnBows
<br />1. Payment of Principal and Initrest. Horrnwer shall promptly pay when due the principal of and interest on the
<br />mdtbttdness cvidtnced by the Nott, prcpayrfient and latrxharges as provided m the Note, and the principal o[ and interest
<br />on any Future Advances ~xaucd by this Dted of Tntst.
<br />?. Fnrtds for Tuts nerd irtsmasce. Subjca to applicabk law or to a written waiver by 1-endeq Borrower shat! pay
<br />hr Letrder on the day monthly installments of pnncipai and interest arc payable render the Note, until the Note is paid in full.
<br />a seen (herein "Fundi't euuxl to one-IweiEth of the yearly faces sad assessments which may attain priority over this
<br />Deed of Trust, and ground rents on the Property, if any, pins one-twelfth of yearly premium installments fur harard insurance,
<br />plus ant-twelfth of yearly premium instaflments for mortgage insurance, if any, all as reasonably estimated inidaily and from
<br />ume to time by Lender on the basis of assessments and 6i1{s and reasonable esomatr•s thereof.
<br />The Funds shaii be held in an institution the deposits or accounts of which arc insu:ed or guaranteed by a Federal or
<br />start agency (including Lender if Lander is such an institmion}. [snJer shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not r:haege for so holding and applying the Funds, analyzing said account
<br />or verifying and compiling card usessments and bills, unlus LtnJer pays Horrnwer interest on the Fumis and applicabk faw
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of ezeeution of this
<br />DecJ of Trust that interest on the Funds shall be paid to Harrower, and unless such agreement is made or applicabk law
<br />requires such interest to hi: paid, Lender shall rut br' reywred to pay' Burrower mry interest or earnings on the Funds. t_errd:r
<br />shall give m Borrower, without charge, an annual accounting of the Funds showing credos anJ debits to the Funds and the
<br />purpose for which each debit to the Funds was made. 'the Funds arc pkdgeJ as aJditional security for the autos secured
<br />by this Deed of Trust.
<br />li the amount of the Funds helG by Lender, together with the (uuirc monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums anJ grounJ rents. shall exceed the amount required to pay said tams.
<br />assessments, insurance premums anJ ground rants as they tall Juc, wch excen shuli art, at Borrower's option, either
<br />promptly repaiJ to Borrower or credited to Horrower on monthly installments of Frmds. If the amount of the Funds
<br />held by Lender shaii not Fre sunicient io pay taxes. assessmnns, inxuanee prcmmms and g: ound reties as they fait due.
<br />Borrower shall pay to Lender any amount necessary In make up the deficienr}• within 30 Jays from (fu dam notice is mailed
<br />by Lender m llorrawer requesting payment thereof.
<br />Upon payment in lull oC all sums secure) by this [had of Tru+i, Lu«(cr +hall promptly refund to Borrower any FnnJs
<br />hMd by !.ender. If under paragraph I8 hercoC the Property n sold or [tot Property is otherwise acquired by Lender, t"ender
<br />shall apply, no later than immediately prior to the sale of [he Pnrprrty or iu atyuisi«un by Ender, any Funds held by
<br />Linder a[ [he time of application as a credit against the sums se vrcd by this Uced of T7us[.
<br />3. Appiiratiun of Payments. Unless appbcable law provnicc otherwise, all payments received by Ltndcr under the
<br />Note anJ paragraphs i and 2 hereu( shall tx upphcd by Ltndcr lust m [rayrotnt of ammmu payable W Louder by Burrower
<br />tinder paragraph 2 hereof, then to interest payabit on the Nutt, then to the pnueipal ul the Note. and Shen w interest and
<br />principal on uny Future Advances.
<br />-0. Charles: f.sens. Borrower shall pay all raxe+, ,r+esnuvu+ anJ other charges. tines unJ rtnpositions a«ributable to
<br />the Property which may attain x pnonty over this Deed oC Trust, and Icuu:hnlJ payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hermf ur, i( not paid in uich manner, by Borrower making payment, when due, Jirectiy
<br />to the payee thereof. Borrower shall promptly Cornish to Ltndcr all nmiccs of amounts Jut under this paragraph, and in the
<br />event Borrower shall make pay'mcm Jirettly, Horrnwer shall promptly lurnish to Lender receipts eviJCnttnq such payments.
<br />Borrower shall promptly dacharge any hen which has priority over this llceJ oC l rust: provided, that Borrower shall not be
<br />reywred to Jix barge any such lien so lung as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender, ur shall m goof Carth contest such hen hy. or JefenJ enforcement oC such ben m.
<br />!tgal proceedings whteh operate to prevent the enforcement of the ben or Wrfciuue of the Property or any part thereof.
<br />5. 9laasrd liuuraace. Horrnwer shat) keep the utaprnvtmtnts now txuong or hcieatrer erected oa the Property insured
<br />against loss by fire, hazards included within' the term "extended vvtrage", and wch other hazards as Isndtr may require
<br />and m wch amounts and for such penards as Lender may regwre prundcJ, that i.endcr shaii not rzyuire that the amount ui
<br />such coverage exceed that amount of coverage rtyuued fn pay the sum+ secured by this Decd of Trust.
<br />'flit insurance earner providing the insuruse +hall art choxn by Horrower wbiert to approval by Lender. provide J.
<br />char such approval shall not ht unreasona~dy withheld Ali premiums an insurance poltcits shaii he paid in the manner
<br />provided under paragraph 2 hereof ur, it not paid in such manner, by Borrower makutq payment, when due, dtrectty to the
<br />iusurauct carrier.
<br />All inwrance poiicics and renewals thereat shall ht m loon acceptable to I ender and shall include a standard mortgage
<br />clause in favor of and io form acceptable in i.ender. i.eoder shaii have the right tc lint) rite policies and renewals thereof.
<br />and Horruwtr .hall promptly furnish In Leader all renewal ounces unJ all r~cupis uC p:uJ premums. n the evtm of loss.
<br />Horrnwer shall give prompt nonce :o ihr msurancc cnnier anJ I cnJer Ltndcr may make pnwf of Iuss d nut made promptly
<br />by Borrower.
<br />UNess i.ender and Burrower otherwise agtcc in wrung, msurancc pnwteds +hull he applied to res«rratiun or repair of
<br />the Property damaged, provided such rtswmliun ur repair a unurmually tensible .urd Ihr security oC thu Uted of Trust :
<br />nut thereby impaired. If such restoruuon or repair is nut u.mumiraily Irasible or it the security ul thu shed of Tnist would
<br />be tmpaireJ, the insurance pn>ceeds shall be appheJ m the sums se vrcd by this Dead of l rust, wuh the excess, i( any, pail
<br />to Borrower. If the Property is abanduntd by Ben rower, or if Burrower Luls to respond to LenJrr wuhin 3U days Irom ihr
<br />date notice is incite) by Lender to Borrower that the uiwrancr canter udtr+ to scull a claim Car muvante benefits. Ltndcr
<br />s aulhorizeJ to suttee[ and apply the insurance prucecJs at i"tinder's upuun either to ieswratwn ur repair of the Property
<br />or to the sums secured try this DeeJ of Trust.
<br />U ales leniler and Borrower uthtiwue agree m wrung, any wch dppheauun ut proceeds to principal shall not extend
<br />or postpone the due dare of the monthly imtallmeuls rcterrcJ ro m paragraphs i and '_ hereul or change the amoum of
<br />such insatiimenu. IC under paragraph It{ hereol the Pnrp:ny a aeyuireJ by 1 coder, alt right, Solt and interest o[ Borrower
<br />m and to any inwranee pohats and m soil to the proceeds thercut rtsulWrg rum Damage w Ihr Property pour to the s:Je
<br />or acyuuition shill pas> to Ltndcr W tht axttnt ut the wnu secured h}' rho DttJ of trust unnreJi:uely poor «r such sale or
<br />acquisition.
<br />6. PrnervaBon and Mitialeuance of Prnyerly; LeasrhoMs; Cundaminiwns; Planned Unit Uevtiopments. Borrower
<br />+hail kcrp the Praptrtg m guoJ rcpau ,utd shall tint u,nunu a mac . r psi nut i upai cot . Jctcnaru riot of the Prupti ty
<br />enJ shall comply wnh [he provisions ui any lease if this DrcJ n(i nut a on a irueholJ it thu UeeJ ul "17ust a un a unn m a
<br />condominwm or a planned unit development, Borrower shall (xrlunn alt of Horrower s ubiigauwis under flit declaration
<br />ur covtnanu creating nr guvtming the wndumuuum ur piannai unn Jecclopinent, the by-I:iws anJ rtgulatium of the
<br />cundontiniUm ur plamteJ unit Jevelupmcnt, and constuumu ducum;•ut+. 11 a aniJominium ur planned unn developmem
<br />riJtr is czecuted by Aorruwer and rccm'ded togethef wuh tha DceJ ul 1 rust, the cuvcu:uus and agretnients ul wch rider
<br />shat! 6e :rcurpora!ed uuu soil shall ansnd and supplement the ruveuants and agrccnicnts of this Decd of l7mt :u if the nJer
<br />were a pan htrwf.
<br />7. PmttetMu of Leader's Stcnrily. IC Horrower f;uls to p:rlonn the euvcn:uw :rid agreemrnn umtameJ is tlu+
<br />Deed of Trust, of if any action or procCeJmg is eummeuctJ which nmten.dly :JlecU tender's unerest ire the Prnpeny,
<br />incluJmg, but not hmued to, eminent domain, insolvency, cult enlorceneent, or arrangauenu ur pweteJmgs involving a
<br />bankrupt or deceJenl, tbtu Lender at Lenderi upuun, upon nwict to Hun ower, may make such aplrrarmss, Jis[nuse such
<br />sums and take such ^chon as is ntceuary to protect Lender's into csl, mcludiug, but rim limited nr, Jisbuneniem ut
<br />reasonable attorney's lees and entry upon the Property to make repairs. It 1_enJer required ntungugt msm~;urct u>
<br />condition of making the loon secured by this Deed of Trust, Borrower shall pay the premiums reywred to m:umam such
<br />insurance in eifeci omit such time as the requirc.nent for such inwranct terminates ui ^ccurJ:uut wuh Borttrwcr's anJ
<br />LtnJer's writer agreement or applicable low. Borrower shall pay the mnuwn ui all ntortgagt msurancc prenuouu ut ihr
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed try Lender pursuant to this parugr.+ph 7, with uvaeat thereon, shall breonrc adduional
<br />urdebrcdntss of Horruwtr secure) by this DecJ of Trust. links Borrower and I ender agree to other Terms n! pnynieui, , ..h
<br />amounts shalt he payable upon noose Irom Lender «> Borrower rcyuesung paynittn thereof, :utJ shall brae unurat hr~n the
<br />~ddic of disbursement ^t the rate payable from time to time on oulstanJmg prrnnpal under the Notc unlns payment of unercat
<br />at such tale wool) be euntrrry to applicable law, in which even wch oruouni+ shall hear uncrni :u the highest rue
<br />(xrmissible under applicable law. Nothing contained in this paiagraph 7 shall n•yune Louder w incur mry expense ur take
<br />uny action hcrtunder.
<br />ii. fisspeetion. t.eudtr may make ur cause iu Ue made rtaswtahle cuures upuu amt m+pecuons o1 the Proixny, pnrvidc.i
<br />ilia[ Lender shall give Horrnwer nonce prior to any wch inspec«on specdyurg r asurrablc rau+c thcrctor relate) ar I codcr'+
<br />interest in the Proacrty.
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