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<br />Ut~sts+ Covet+srris. Borrower and !.evader covenant arxf agree as tallowy _
<br />t. ~aynxnt at P(iMipal and loicrtat. Borrower shat! promptly pay when der the prncipal of aiid'~il~rest on the
<br />nadchtrdness a:idented by the Note. prepayment and last charges as provideJ in the Nwe, and the principal of and intertu
<br />err an} Fldaf~ Rilv_ncrt xc:in'd by slits ikeJ of Trus;.
<br />f. Foods tot Tua and Itssonarr. S~rbjecr to applicable law or to a wrinen waiver by Lendu, Borroaer shah pay
<br />ua LurrJer on the day monthly insialimcnu o{ puncipai anJ imere>t arc payable unakr the Note, until the Note is paid in $dL
<br />a sum (herein "Funds") equal to one-twelfth of the yearly tarts and assessments which may attain priority over this
<br />Deed of Trust. and ground rents ai the Property, if any, plus one-rweitth of ytarfy prrn:itrm irxtaWmenfs for hazard inwrance.
<br />pies one-twelfth of ytady premium insraifmcnts for nrongagt insurance, i( any, ail as reasonably estimated initially acrd from
<br />titnt to time by Lender on the basis of asscnments and 6iis apd reasonable estimates thtreof.
<br />The Funds shall be held in an iruritmian the deposits rat accamts of which are insured or guaranteed 6y a FrWerai or
<br />scam agency ;including Lender if Lender is such an imuurtion). under shalt apply tiro Funds to pay said taxes, asrassnaents,
<br />insurance premiums and ground renw. Lender may trot charge for m holding and applying the Frmds, analyzing said account
<br />or renfyirg and compiling sail assessments and bills, nnlrss Lender pays 8sxrower interest on the Funds anJ applicable law
<br />permits tender to make such :: charge Borrower and I_crrder may agree in writing at the time of execution"of this
<br />Deed of Trust that interest on the Funds >hnll t>c paid to Borrower, and unless such agteerncat is made or applrcabk law
<br />regwrcs such interest to he pail, Lender shall not tae required to pay Borrower any interest or earnings on the Funds. Lender
<br />shalt give to Borrowr:r, without charge, an annual acewmung or the Funds showing credits and debits to the Funsks and the
<br />purptax for which each debit to the Funds was made. The Fund; arc pledged as additianai security for the uarss'seeured
<br />by !his Geed of Trust.
<br />If the amount of the Funds held by Lender, together wish ins; fur.+rc monthly installments of Funds payable prior m
<br />the due dates of taxes, asscamems, insurance premiums and ground reins, shall exceed the amount required to pay said taxes.
<br />assessments, imurance premiums and ground rents as they tall d:k, >uth cscess shalt lac, at Borrower's option, either
<br />promptly repaid to Borrower ar credited m Borrower on monthly installments of FursJs. If the amount of the funds
<br />held by tender shall not he sufficient t¢ pay lases. a:sessrpents, inwranct premiums and ground rents as they fat! due.
<br />Barrnwer shall pay to Lender any amount necessary to make up the deficiency within 30 days fmm the date notice is mailed
<br />by Lender to Borrower regtratiog payment thescof.
<br />Upon paynrcnt in full of all sums sccurcJ by this DceJ of Trust, F.cndcr shall promptly refund to Bor7owtr any Funds
<br />hdd by Lender. I[ under paragraph IB hcrtof the Properly is sold or the Progeny is othecwix acyuircd by Lender, lender
<br />shall apply, no later than immediately prior to the sale a{ the Property or its acquisition by Lender, any Firnds held by
<br />Lender at the tune of applicati¢n as a credit against the sums secured by this Decd of Trust.
<br />3. Applkadon of PayrMnts. lJnicsa appiicabla law prowides otherwise, a!1 paymrnts reserved by Lender under the
<br />Note and paragraphs t and 2 hereof shall lac applied by Ixndar 13rst m payment of amounts payable to Lender by Borrower
<br />under paragraph .~, hereof, then to interest pays le on the Natt, then m the prin~pal of the Note., and then to interest and
<br />principal on any Future Advances.
<br />d. Chasgn; Lieru. Borrower shall pay alt taxes. assessments and other charges, fines and impositions auributable to
<br />the Progeny which may attain a priority over ihu Deed of Trust, and Ieaxhoid payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when dire, direcgy
<br />to the payee ihertof. Borrower snail promptly furnish to Linder ail notices of amounts due carder this paragraph, and in the
<br />event Borrower shall make payment directly, Borrower shall promptly furnish to Lender rettipts evidencing such payrrrents.
<br />Borrower shalt promptly discharge any lien which hu prority over this Deed of l~rusG provideJ, that Borrower shall not be
<br />required to dixharge any such hen so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such Tien in a manner acceptable to Lender, or shall in good faun tomcat such lien by, or defend enforcement of such Tien in.
<br />hgai PProceedings which operate to prevent the enforttment of the lien or forfeiture of the Property or any pan thereof.
<br />S. Harud Irurrruca Barrowtr shalt keep the improvements now existang or herea{ter erected on the Property insured
<br />against toss ray tire, hazards included within lhC term "ealtndeJ COYCmgG •, and such other hazards as Lender may require
<br />and in such amounts and for such periods as Lender may require; provideJ, that Lender snail not rer~uire that the amount of
<br />xuch coverage exceed that amount of coverage regwrcd to pay the sums secured by this tktd of Trust.
<br />The insurance carrier providing the insurance shall bt chosen by Borrower subject to approval by 1_endcr, provideJ.
<br />sisal such agoraval shalt not bt unrcasanah3y w.itF.held. A!1 premiums on insurance palicits s:saEi Ce pzid is the monster
<br />provided uosiu parag;ap4 2 hereof ar, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />a3sauranee carrier,
<br />A;I insurance pa3icies and rtnews3s thcrco[ shall tae in t¢rm acceptable to 3_endtr and shall include a standard mortgage
<br />%4au~ i.^. favor ¢f and i;i farm acctp:3".~,'°. t¢ Lander. Lender shah have the r,gh{ to hsiJ iht puiieies and rCnCwais thereof.
<br />^-:d Borrower shalt prampdy furnish m Lender all renewal nut tees and mll rettipts of paid premiums. In the event of loo,
<br />$atrocver strati give prompt notice to the +nsurance turret and Lender. Lender may make proof of loss if nu[ made promptly
<br />by Borrower- g
<br />Unlets Lender and Borrower othtrwix agree in writing, insurance proceeds shall be applied to resmration or repair of
<br />she Property damaged, prorjded such restoration or repair is cr:onomicaliy (easibit and the security tit this f3eed of Trust u
<br />not thereby impaired. If such restoration ar «patr is nor economically feasible ur if the securty at ihu Deed of Tnisr would
<br />be impaired, the insurance proceeds shall be appbeJ ro the sums xcurtJ by this Rc~td of Trust, wnh the excess, i[ any, pmd
<br />to Borrower. If the Proq:rty is abandoneJ by Borrower, or if Harrower fads to respond to Lender within 30 days from the
<br />daze nonce is mailed by Lender to Borrower that the msurarece carrier atTers to state a claim far insurance benefits. Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either [o restoration ar repair of the Property
<br />or to the sums secured by this Deed ¢f Trust.
<br />U n{ess Lender and Borrower otherwise agree in venting, any such application of proceeds to principal snail nut extend
<br />¢r fsosta¢ne the due date of the monthly rnstnlfinents rcierrul to m paragraphs I and ? hereof ar change the amoum of
<br />such installmen[x. If under paragraph I N hereof the Progeny rs acywred by LeiWer, all right, title and interest of Borruwu
<br />in and to any insurance paliaea and in and to the p;t:'etds rh€rr: rt;ulung tram damage t.: the YroptrtY prior to the sake
<br />nr acquisition that! pass to Lcndet to the cxtau tit the sums teeuresf h} ibis DeeJ o! Trust nnmediately prior to such sale or
<br />atquisitioa.
<br />b. Pratnation and Maiahaance of Property; Ltaxlwlds; L'oodomsiMums; Plannod Unit Uerelupmenks. Borrower
<br />ahatlt kelp the Propcrry in goad repmr ,nrd snail oat :ramous x .v Mrn:~: mapa:i men; or deterioration of the Prop:rty
<br />and sha€t comply with the grout:ions of any kola it the fkrJ of Trust a on a IuuboW. I(thia Deed of Trust a on a amt in a
<br />condominium w a plaaraed amt ikreWgineat, Barrnwer shaft pedarm ail of Btrrower's obligations under the declaration
<br />ur covenants creating or gowenring the condominium or pianrsed smii devetopment, the by-laws and rcguiatioas of the
<br />condpminttun or p{armed unit development, and carriGtutni docunacats. If a condominium or planned sznit dtveiopmcm
<br />rider is erecuteti by Borrower atsJ rceardtJ Wgether with ihu Decd tit "i rust, the eovcnants and agreements of such ndcr
<br />sham trz intorpa-attd iota attd spell amrend and supptertum ifx covenants and agreements rat this Deed of Trust as rf the rider
<br />went a pa;; hereof.
<br />7. Pwiectiar. of fRndtr's Security. 1( ~orruwer (ads w ps:rtorm the ca+cnants and agreements contained in ihu
<br />UctJ of Trust, or i[ any action ar protceding is commsncpi which naatcnall} .itfecp Lender's interest in the Propcay,
<br />irtclurling, but oat itmtti.d to, emineN d¢niain, insolvent}, crxle c^nlorccment, ar arrangements or prtactedmgs involving a
<br />bankrupt or decedent. then kcnder at Lender's option, ugcsn notice to Harrower, nray make such appearances, di>burae such
<br />sums and take suc'i action as is necessary to protect Lender's }merest, including. taut not limited to, dubunnnent nl
<br />rtuoneble attorney's lets alai entry upon the Pruprty w make repairs i; 1_endtr iryuired mortgage insurance a.
<br />condiGen of making the loan secured by this Dried of Tnut, Horrawa shall pay the prnniurzrs reuuirtd to maintain >u.h
<br />insurance in tracts umd cash tint as else rcyuiremeat far >uch insurnce terminates :n accordance w+th Harrower's and
<br />Lender i written agreemem or app! icahle law. Burrower shat! pay the a+nount of all macigagt :naurann• prcnuums :n the
<br />msnntr pr¢riJtd under pats,gra pis 2 hereof.
<br />An))' inwunts dishurstJ by l.cndtr pursuant i. ~ thre paragraph 7, with interest thereon. shalt taetonrc aJdwo-nel
<br />andtbtedntss <af Borrower secured by Ibis lJetJ o('fsu>r t7irlrss BUPfUWCr and i.ender agree So athtr terms a! ga}meat, such
<br />anti*ums strati he payahtt upcan natite from Isnder ar Borrower rtqueaung payment thereof, and shill iacar imarest from the
<br />date cif disbarxnsent at the rate payable from tint to time tin uutxtanding principal under the Nate i;niets payment of inecrcat
<br />ai catch tart uuld ik contrary to as;rlicabit law. in wh,.h cven+ satin amounts +ha+l tzar ~nterc>I ai the hryhcst rate
<br />permissible under appiieabie law. Nothing rnntained in this paragraph ?shall require Lendu to recur any cxp=nu ur take
<br />asy ate,an htreundtr.
<br />g. try€stPsa- t rrr.kr _ - 3- } - - -r ds _ ~ t t ~ - - -. r. t r:az of ;:.e Praprrvp, r ,....
<br />sha? f ender xhall arse H rr„wcr out t.rr ry r such ,i ~ _ spat f, ~ =t-~ .-N< _au~ rh:•t(ar relat_' is i c, ~._, .
<br />tote ies; +n the Prorse_r+.}
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