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gp.... 005105
<br />tINtFONM CaVt:IJAN ~S. BUlrower and I-Cniler l:Ox'L'+lanl and agr'Ct' of ti)11OW 5:
<br />1. Payment of Principal and teterest. Borrower shall promptly pay when due the pnncipal of and imcrest on :he
<br />indebtedness evidenced by the Note, prepayment and late charges as provided m the Nae, and the prinetpaf of and interest
<br />an any Fuwre Advances secured by this Deed of Trust.
<br />2. Funds for Taws sad li~uraace. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender qn the day monthly installments of pnncipal and intcrr>t are payahli under file Note, omit the Note is paid in fuB,
<br />a sum (herein "Funds"1 equal to one-twelfth of the yearly taxes anJ assrsrnints svhtch may attain priority over this
<br />Decd of Trust,nnd ground rents on the Property, if any, plus one-twelfth n( yearly premnun installments for hazard insurance.
<br />plus one-twelfth of yearly premium installments for mongage insurance, tf any, ail as reasonably estimated initially and from
<br />dine m time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds sha0 be held in an institution the deposits or accounts of which are +nsured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents Lender may not charge for so holding and applying the Funds, analyzing said accoum
<br />or verifying and compiling said assessments and bids, unless Lender pays Borrower interest un the Funds and apphcable law
<br />permits Lender to make such a charge. Borrower and Lender may agree m writing at the time of execution of this
<br />Deed of Trust that interest on the Funds shall 6c paid to Borrower, and unless such agreement is- made or applicable law
<br />requires such interest to be paid. Lender shall nut be ragweed to pay Borrower any nurrest or carnine~s on the Funds. Lender
<br />shall give to Borrower, without charge, an annual awuunung of the Funds showang credits and debus to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds err: pledge) as uddinonal security for the sums secured
<br />by this Dee)' of Trust.
<br />[f the amount of the Funds held by Lender, together whh the future monthly installments of-Funds payable poor to
<br />the due dales of taxes, assessments, insurance premiums and ground rent,. ,hall rxceeJ the amoum required to pay said taxes,
<br />assessments, insurance premmms and grnunJ rents as they tall due, itch e ces> shall be. at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower tin momhly installments of Funils. If the amount of the Fund.
<br />held by Lender shall not he sutliaem [o pay taxes, assessments. in+urancr premmms and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency wah+n 30 days from the date notice is maned
<br />by Letrder to Borrower requesting payment thereof.
<br />Upon payment in full of nil sums secure) by dos [kcd of T n+,t. I cndr+ ,hail promptly iefunil to Borrower any Funds
<br />held by Lender. If under paragraph 113 hereal the Propery i, sold ur the Prolx~rty is od+crwisc acquired by Lender, Lender
<br />shall apply, no later than immediately pour io d[e ,ale nt the Pro perry ur u> acym;mun by Len Jer, any Funds held by
<br />lender at the time of application as a credit against the wins secured by th+s lhe,t of l7ust.
<br />3. Applicalitm of Payments. Unless apphcabte leis provide, utherw tic. a71 payments received by Lender under the
<br />Note and paragraphs t and 2 hereof shall txu applied by Lrndcr tint m p.+vnum of ;ura,unu payable m LrrtJer by Borrower
<br />under paragraph 2 hereof, then !u interest payahlr ~. !hi Nuti, th._n r~ th<• prrau-,p:,1 ul the Natc, and then to imcrest and
<br />principal on any Future Advances.
<br />4. Charger, Liens. Borrower shall pay all lane,. essismcnn ,oral whet drarges. finis anJ +mposnions anributable to
<br />the Property which may attain a priority over flits Deed of Trust. and IraxholJ payments or ground rents, if any, in the
<br />mapper provided under parognph 2 hereof oc if not paid ur such manner, by Harrower making payment. when due. Directly
<br />to [he payee thereof. Borrower shad promptly furnish «, Linder aft nuuce, nt amounts due under this paragraph, and in the
<br />evxat Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evtdenang such payments.
<br />Borrower shall promptly discharge any' lien which has pnonty o> er this Deed at l rust; provided, that Hormwer shall not be
<br />required to discharge any sucfi lien so long as Borrower shaft agree m wring to the payment of the obhganon secured by
<br />such lien in a manner acceptable ro Lender, ur shalt in grtod ra+th conerst such ben hy, ur Defend enforcenrem of such hen m.
<br />iesaf pproceedings which operate to prevent the enforcement of the hen or foneiture of the Property or any part thereof.
<br />S. Iflaasrd Ingrraoee. Borrower shall keep the improvements now ex+>ung or hereafter erected on the Property insured
<br />against toss by fire, hazards included within the term "extended coverage'', and wch other hazards as Lender may require
<br />and ip such amounts acrd for such periods as Lender may reywre; prondcd, that Lender shalt not reyurri that the amount of
<br />Such coverage excced that amount of wverage reyuued to pay the wins secured by the Deed of Trust.
<br />The insurance carrier providing the insurance shaft lse chosen by Horrower sublact to approval by Lender, provided3.
<br />that such approval shall not be unreasonably withheld. All premiums on insurance twl+cte> shall he paid in the manner
<br />provided updu paragraph 2 hereof or, if not paid m such manner, by P~rrowcr mnkmg paytncnt, when due, directly to the
<br />ittaurantt rAfOer.
<br />Alf ipsurana policies and renewals therswt shall be rr. form acceptable w IxnJer and ,hall include a standard mongage
<br />datrse in favor of and in form acceptable to Lender. Lrndcr shall have [hc right w hold the policies and renewals thereof.
<br />artd Borrower shah promptly furnish to Lender ai! renewal notices and all rice+pts of paid premwms. !n the event of loss.
<br />Borrower shall give prompt rwuce [o the insurance earner and Lender. Lender may make proof ~t loss .f nut mode promptly
<br />by Borrower.
<br />Urdess Lender and Burrower ulherwrse agree in wrung, ,rourarcc prc><r'eds ,halt be applied to restoration or repair of
<br />the Property damaged, provided wch restoration or repair is ecunumtcally tea>iblc .,rid the security tit this Deep uE Trust u
<br />not thereby impaired. if such restoraaon ur repan a cwt eeunumically Iras;bie of tl the security of thn Deed o[ Taut would
<br />he 6mpaited, the +nsurarice proceeds shall be applied w the sums secured by this Decd of Trust, w+tli the excess, if any. paid
<br />to Borrower. if the Property is abandoned by Borrower, ur if Borrower fails to rupund to Lender within 30 days from the
<br />date rrotitt is mailed by Lepikr to Borrower that the +nsurance carrier oHer> io seuie a clean fur mx+rance benefits. Lender
<br />tS alitharrZed t0 collect aitd apply ltte IpSnraClce proceeds at Lender's option citlrer w riswra[+mi ur repair of the Property
<br />or to die sums secured by this f)ceil of Trust.
<br />Unless fetrder and Borrower othtrwise agree. in wn«ng, any su fi apphcauai tit proceeds to principal shall not extend
<br />or postpone the due dale of the inon[hly installments referred to m paragraphs 1 and 2 hereof or change the amoum of
<br />such insollmaits. if utader paragraph 18 hereol the Property i; aeyuirid by Linder, all right, title and interest of Borrower
<br />in std to spy inwratrce policies and in and m the prricreds thereof rewlung from damage m the Property poor to the sale
<br />or acgtrisNion shall P'au to Ixnsier to ttie eatept of the wins sex-tired by this Drrd of 7~rust +mmediately poor to wch sale or
<br />acquisition.
<br />f. ltkanrvatiaa cud INaiatetsaace of Property; Leaxftofds; ('oadpnripiums; Plaaeed Unit Ikvdopareats. Borrower
<br />shall keep the Property m gwd repau and shall iuu cnnimn waste ur lxiuni uopaunirm or daeriorauon ul the Property
<br />attd shall comply with the provimurs of any kale tf this Derd of Trent +s tin a IeasihoW. If this Deed of `trust +s oo a um[ in a
<br />r.aidornininm or a planned unit development, Borrower shalt perfurrii all tit Bo; rower's ubhgatsu;u under the declarauun
<br />or ibvetttmts creating nr governing the cotidomituum ur pfanned unit development, [he by-law> and regulations of the
<br />tardittnipium or plarined unit ikvefoptercnt, and'=utis«turm dxumenis. 1! a condominium or planned amt development
<br />rider is executod by Borrower and recorded together weth tMs Decd u1 1 rust, the covenants and agreements of :uch r+der
<br />she{i be itscorpnratad imp apd shaft amend -and suPPlemertt the covenants anJ agreements of th+s llred ul l'ru>t as +f the rider
<br />were a pert hereof.
<br />?. Pwteetipa of [.erdet~s Sectrttity. If Borrower fats to perform the covenants and agreertients crnta:ned in this
<br />Deed of Truss, or if any action ur prtx~ccdmg is commenceil which nia[erially attrcts Lender`s tnterCSt in the Property,
<br />irsdtrdiag, but opt limited to, emiirent domain, inwiverrcy, rude enioc.:c-runt, ur arrangements ur priiceedings involving a
<br />binitrupl ar drxedent, thin Leiiikr at finder i opdou, u{wn novice to Burrower, may make such appcarim~e>, dishursi such
<br />stxrrs and take such action as is tecessary to protect Lender's interest, iniluiling, but our limited tu, dixbursentcm tit
<br />reaaorwbk attorney's fees atsd emry upon the Property to make rep:u r> If Lender riyun eJ nwngage insurance as a
<br />cmrditinn of rttpking the loan secured by this deed of Trust, Borrower shalt pay ti,e prrni+uttrs reyuircil to maintain such
<br />ipsuratrce in eHset tmtii such tune as the requircrnent for sucfi insurance terininate> ui accordance wnh florrower•s and
<br />I.ettder'a writtep agi'eetnent or applicable taw. Borrower shag pay the amount of all mongage insurance prcnuums in chi
<br />trtaanar provided order paragraph 2 hereof.
<br />Apyy smonnts disbursed by Letrder pursuant w ttxs paragraph 7, wuh mrerest thereon, shall lircume ailduronat
<br />indebtedness of Borrower secured by this Ckec! of Trust. Unltss Borrower and t ender agree to other terms of payment, suv h
<br />amounts_sball 6e payable upon rtnticc from Lender to Burrower requesting paynunt thereof, a+rd shall bear interest firnm chi
<br />date of dsbursemeat at the rate payable front tittle to time on 4wtstanding principal under the Not,: unless payment of interest
<br />at ttui:h raft: would be contrary to applicable law, in which event ,uch amounts stall bear mtrrist at the highest raft
<br />pamrrsiWe ttrrder applicable taw. Nothing coAtained in this paragraph 3 shall rcynue Lender to incur any expenss ur take;
<br />nay aictiwt hcrsupatr.
<br />Y. -I~tlosf. leader may mare u{ cacao to be made rcawnablr curries upon and m>pictwns nE chi Property, provided
<br />that tinder shttil give Borrower notice prove to any such inspeGiun spr.vilying rea>unahle c;iux thcrelor iciated to 1 toiler's
<br />imr;riat in the Propene.
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