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80--~G5116
<br />UwtFOaut Coverutv7s. Borrower and Lender covenant and agree as follows:
<br />!. 1!'gtneat ttf Prinripai anti heleretsf. Borrower shalt promptly pay when due the principal of and interest un the
<br />irdebttdrtesr evidenced by [he Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Fuittre Advances sccurtx! by this Deed of Truss.
<br />Z. Fri fir Taaa anti inanace. Subject to applicable law or to a written waiver by Lender, Borrower shalt pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a win (herein °Funi") equal to one-twelfth of the yearly taxes and assessments which may attain priority ovee this
<br />Deed of Trust, and ground rents on the Property, if arty, plus one-twelfth of yearly premium installments for hazard insurance.
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, aft as reasonably estimated initially and from
<br />lime to time by Lender on the buss of assessments and bills and reasonable estimates thereof.
<br />The Funds shall lx held in an itatitution the deposits or accounts of which are insured or guaran€eed by a Federal or
<br />state agency (including Lender if Lender is such an institution). lender shall apply the Funds to pay said Faxes, assessments.
<br />itauranee premiums ores ground rents. Leader may not charge for so holding and applying the Funds,.anatyzing said aceount
<br />or verifying and compiling said assessments and hilts, unless Lender pays Borrower intcresi on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Deed of Trust that interest on the Funds shall be pard to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not 6e required to pay Borrower zny mteresi or earnings on the Funds. Lender
<br />shall give to Borrower, wittwut charge, an annual accounting of the Funds shoswng credits and debits to the Funds and the
<br />pttrpttae for which each debit [o the Funds was made. Tire Funds arc pledged as additional security for the sums secured
<br />by this Dtxd of That.
<br />If the amount of the Funds held by Lender together with the future monthly instaflments of Funds payable prior to
<br />the due dates of toes, assessments, insurance premiumg and ground rents, shall exceed the amount required to pay said taxes.
<br />assessments, insurance premiums and gmnnd rents as they fall due, such excess shall he, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. 1( the amount of the Funds
<br />held by Lender shall trot ire sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to Lender any atrrount necessary to make up the deficiency wrthru 30 days from the dale notice is mailed
<br />by Leader to Borrower regtestiag payment thereof.
<br />Upon payment in CWI of alt wins secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds
<br />held 6y Lender If under paragraph 1 g hereof the Property a sold ur the Property is otherwise acquired by Lender. Lender
<br />shag apply, no later than immeelia[ely prior to ibe ,ale of the Property or its acquisition by Lender any Funds held by
<br />Leeeder at the tithe of application as a credit against the sums secured by this Deed of Trust.
<br />3. ARitaYrn elf lsytrerls. Unless applicable law provides otherwise, all payments rccerved by Lender under the
<br />Nora attd paragraphs 1 and 2 hereof shat{ tic applied by t.rnder first m naymem of amounts payable to 1_ender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the prinnpal of the Note, and then to interest and
<br />principal on any Firtute Advances
<br />i. Clkr~ 1€ias. Borrower shalt pay alt taxes, assessments and other charges. fines and impositions attributable to
<br />the Property which may utain a priority over thee Ixcd of Trust. and leasehold payments or ground rents, if soy, in the
<br />mrpaGr provided t.nder puagnph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly
<br />to the payee thereof- Borrowtt straB pranptly furnish to !.ender al} nout:es of amaurts due under this paragraph, and in [he
<br />event Borrower slta4 make payment direcify, Borrower shad prompdy furnish to !-ender recerpa evidencing such payments.
<br />Borrotvtr shall promptly disehar~e any lion which has prmritV m~er this [keel of Trust; provided. that Borrower shall nut tx
<br />repaired to tlischarge soy such Ilan w long as Borrower shat) rgree m writing te: tftc payment of the obirgation se-cured by
<br />such lien in a tnanmr aece{eable to Leader, ur shall m good faith contest rich hen hy, „r defend enforcement of such hen m
<br />lt:gal pr which operate to preverti the enfortxmcnt of olio hen or furfruurc ,,f the Property ur any pan ihercof.
<br />S. ier~ar~. Borrower shal6 lsrep the rmprovcments now ex,snng nr herealtcr erected tin the Property insured
<br />a;most lost by &e, hazards included within the term "extended toverage~~. anti su.h o;hrr hazards as ].ender may repines
<br />std in Buell asaounts std for such periods as I.endcr may requae: providrJ. ^hat LenJer hall not rt:gwre that the amount of
<br />such coverage exceed that amouai of coverage regwred to pav the some secured ht~ ihrs Det^d tit "inlet.
<br />The itaunttce carrier providing the insurance shall ire chosen t,y Borrower subtect to apprrn ai by t-ender. provided.
<br />t11it welt apptova! shall not be unreasombly weUheld. All premiums ur+ insurance pui,acs shall lx pard in the manner
<br />provided tmtler pvuBsapb 2 httreof ar, if riot pouf in Birch manner, in` Borrower making payment, when due, drreclly to the
<br />i_aaatx carrier.
<br />All iraurarttx pelisses and renewals thereof shall he m form acxcptabfe so Lenilcr and sha[I include a standard morgage
<br />clause in favor e>f sad in form acceptable to [..ender Lender ,hail have the rryhs to hold ttae pciltcies and renewals thrreut.
<br />sad HotTtwter shag promptly furnish to t.ettder all renewaf houses and all recerpis of pa+tl premnm•e. in the event of Foss.
<br />BOrtotvef Efia11 give prompt notice: in the rrisurar>LC .:arrtcr soil t_rneler t_endcr ma) make prt>t,[ <N loss ~: s~m made promptly
<br />by Borrower.
<br />Unias Lender and Burt'owrr otherwise agree m wntiitg. msuranee proceeds .hall be appltrd to rr-swratton or repair ui
<br />the Property damaged, pravtded such restoratwn ar rcparr is cconcsmrcaliv teasrble arxd the security of thee DrcJ of l-rust ~.
<br />not therrUy impaired. If such reutxat;atr or rcparr rs oat ecoreumrcaiiy teasrhte ur ~t the secunty of the ik;rd of 7 rust uuuld
<br />bt impaired, the itrwrnrue pracmia snail he appfred to tfre sums secured by airs flied of 1 rust. wrth for rurss, .f any, part
<br />to Hormwer_ if the Pmprfly s at+aatlerte+! L9' Berrrnver. c+r if llr?rrower loess r, ~ortd to Lecdrr uitt,tn NJ days fnim the
<br />date treXice is ntiikd try :.ender to Borrosvcr ihu the rrtsttt'att~e :arrxr t,t3ers to srtix a ~tarm For insitrancc txnehts. Lender
<br />is authorized to tapliecl acrd apply the ittstuatxx prc+cerd> at 1~nrier's option euher to rr±rorsruun ur rcparr of the Proper}'
<br />or to the areas atxun:d by this Deed +#f Inst.
<br />Urt(eaa Leader and Borrower ottxrwise agree in wasting, any suet, applxatmn of proceeds to princrpal shall nut rxtem#
<br />of ppoaaHtl~ the dart date of the mtmthly iltatallmrnts seterrrd to m paragraphs I and ? hereof or change the amount tit
<br />such'ttrtataUments. If tntder paragraph iR hereof the Property +s ecgwrcd h} !.ender, .:It right, :,lle and interest of Harrower
<br />in aad to say inatrratice polityes std in and to the pnxeeds thereof re>utting frcvu darnagc to the Proprrt}" hour to the sate
<br />of-aoquititi[m shag pass to Lraxkt to the extent of the wins secured b} this Dtxi1 of Trust immediately poor to such sate or
<br />ac+gaisitioa,
<br />4 Paarnvnliaa teN Maialeranes ref Pttr*erlyt Lcaseirli~ Cernirteairittwts; Flared Unit DevslopetrMa. Borrower
<br />shall kfep the Per.>perty in good rcparr and st*at1 not ~or:imn waste .•r tx rm:e mtpasa inert „i Jrterrur: tet><r .,f ttte Propr rte
<br />sad shall rnmply with the provisions oY any lease if [lies thrai of T rust is tin a teasehotd. if the l~x:d of "i'rust is on a unit ,n a
<br />coOd0itltniant or a planted tinif desr:topmertt, BorlOwer shalt pedurnt ail e7 Borrowers obtcgsttoru under the declaratwn
<br />IX eox+eaaDla C.reating aE gaverning ihG CO[Kiomipkettn or pia[iried iron des eiilplnent, the f34-Faws anti regnidlfnne ,,( the
<br />cnadominiwn ar planned unit deveiupment, and eonsirruent dcecuments 3i a u,nJtsmrnwnt or planned urn doee{uprneni
<br />ridK is tiOt',utrd by Borraver sell teeorded tograher wrist thee 1Jerd of l rust, the covenants and agreements of su„h ride+
<br />shall ter i>[~protated into acrd shall atnerrd and supplcmrnt the covenants end agrcrnteats of this [)c~ed tjt Trust .:s i( the s:Jcr
<br />artre a part hteeaf.
<br />T. PaaMeYan of fsattier's Sar:troty. if Borrower tads to perforzrt the covenants anti agrrertent. ,,-,uta,ocd :si Ihi.
<br />Dtted of Tntst, at if anS' actitxt ar proceeding is cammeru-rd wlCich marrrraHy ;dfects 1.enJer's nterest .n the Prc,prsi}.
<br />itireludatg, but sat limited ta, esttintnt domain, irtsalvettcy, Cade enforceanrnt, <,r arrangrntenb ,ter p,ivrcdin}rs :nvtr!v,ng .~
<br />hankrltprar tlecaiwt, thiut Leader at I.ettder's tsptioet, upor, notice to Borrower. Wray rwkr xu::h ap{rearar,.c: ,hsh:u-,c . rch.
<br />sea a6d take such apion x is nerxsw.ry to protect ftndrr's intera~(, rncludtng. hen nut roosted t,=. dsf>anc~ro:citt . ,
<br />reaisolSable at7torney's fees and emtn upon the Prupeny to make r:-pyus !f lsrC.lcr rtqutsril nrt:rt~:tgc :~rsutars.t• .,, .~
<br />eoedition of taritin[ [he loan secwcd by ttus tJeed of Trutt, Borrower shall pay the ptcm;unrs rcyusred t , simaii~ .,nn
<br />ittlgtrirtnCe is Meet until attCh Lima as the requirement for such ;nnurancc temm~atrs !n :r~curduncr wash [lcrruu~rr. ,:+u
<br />LeadetS written alirartneat or a tcatk Faw. Harrower shag pa} the amount of all nrottgage :nsurance prcmrrrnas :;, rfx
<br />maa6er' ptovwied trwkr~ap~h 2 hutwf.
<br />An atapunts by lrn[ier puw~ni ta, this paragraph ~, with +rtCrrcat thereon. ,half become .,dJruuna!
<br />iatl~a of Horirwtrsetumd (ry ibis Lteai cif Trust, t9nirss tiorrc+wer anJ t Bailer agree to other seems of t>Jymenr, Tucfi
<br />atESrhrtll be Istyibk upon rx>tice ffun) Lender [o Harrower rcqurstrng payntrnt thercYrf. and sita$3 i,ear ineerest iron !hr
<br />dale of dNiotttararrrtf at the tail: payable from time to bate nn cxttstanding prrit::ipat under rfx Note unless payment „t interest
<br />at torch rate wrtetld bC ctanuary io apjtlicabte faw, in wbrh event such -mounts shall €seat sntrrtu at the ftiEhcst rate
<br />pttimiribk uodat app!licabte law. tiething contained tri this pat:sgraph " shal± require LenJer to ins ur ,toy rxprasr rn cake
<br />any action htaetundp.
<br />H. Ixiwler ntay moire nr car.~e to Le made rrasrta}sir riafrse* apt:n rtntt rn*pcctianx of the Proper>. t,:,>:ntcJ
<br />Clta! !,coder st-alf give Btxtowet reoiice prior rG any such irsspectrran specs€y:ng rrasunahie :suer tlsercCur +clatctP h~ f c~ttcr ,
<br />rtktcrrrt in the Praoa'iV,
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