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<br />UHirutm CovtnnrtTS. Harrower oral LenJer covtnant and agme as follows:
<br />!. +•ayaunt of Principal attd latest. Borrower ,haH promptty pay when due the prrncipa'. of and mternt tin [he
<br />indcbttdness evidenced by the Note, prepaytrtrnt and late charges as prov;deJ .n the Nute, and the principal of and interest
<br />an any Future .AJvanccrs seaercd ty this [Red of Trust
<br />2. Fwd fa Taasa and Itsssrrawce. Subject to applicable law or to a writtrn waiver by Lender, Borrower shall pay
<br />to Lender an the day monthly insiaitment5 of print; pal and interest are payable ualer the Nutt. unu! the Nat is paid :n Fuli,
<br />a sum therein "Funds") equal to arx-twelfth of the yeary taxes anJ assessments wh+ch may anain priority over thrc
<br />[Red of Tr usl and unuttd rents an the Property, if any, plus one-twelfth of yearly premmm insu8trlimts (ar hazard insurance.
<br />plus tine-twNtth of yearly premium installments fur mortgage insurance, if any. aH as reawnably estimated imually and from
<br />time w time 6y Lender on the basis of asseuments and bills and reasonable estimates thereof.
<br />The Furtds shalt be held in an mstisution the deposits or accounts of which arc inured or guaranteed by a Federal or
<br />sate agency (in,;luding Lender if Lender is such an itatiunion). Lender shall apply the Funds to pay said taxes, azsessments.
<br />inwraae p«miums and ground rents. Lender may tint charge for w holding and applying the Funds, analyzing said account
<br />or verifying and compiling sad assessments and bids, unless Lender pays Borrower interest on the Futtds •rnd applicable taw
<br />permits lender la make such a charge. Borrower and txndtr may agree in wining at the tint of execution of this
<br />Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shat) not be required to pay Borrower any imerest or earnings on the Funds. Lender
<br />shalt give to Borrower, without charge, an annual accounting of the Funds showing credits and Jehns to the Funds •rnd the
<br />purpose for which each debu to the Funds waz made. The Funds are pledged as additional security for the woo secured
<br />by this Deed of Trust.
<br />if the amount of the Funds held 6y Lender, together with the future monthly inuallrrtents of Funds payable poor to
<br />the Juc dates of taxes, assessments, insurance premiums anJ ground rents, shall exceed the amount required to pay said taxes.
<br />assessments, inwrance premiums and ground rents as they tall Jue, wch excess shalt be. at Borr'ower's option, either
<br />promptly repaid w Borrower ur credited to &arrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shalt not be sul$cient to pay taxes, assessments. insurance prembrms and ground rents as they tall due.
<br />Borrower shall pay to Lender any amount necessary to make up the Deficiency within 30 days from the dale notice is mailed
<br />h_y Leader to Borrower requesting payment thereof.
<br />Upran payment in tuft of till sums xcureD by the (keJ of Trust. Lenater shall promptly refund to Harrower any Funds
<br />held by Lender. If under paragraph Ili hereof the Proptay s sold or the Property is otherwise acquired 6y under. Lender
<br />shall apply. no later that immediately prior to the sale o1 the Property ur its acyuisuwn by FxnJer, any Foods held by
<br />Lender at the time of application as a credit against the sums secured by this [Red of Trust.
<br />3. A@plieatian of Fayrnems. Unless applicable law orovtdes otherwise, all payments rtcerveD by Lender under the
<br />No« and paragraphs 1 and '_' hereof shall be applied by Lender first ;n payment of amounts payable to LenJer by Borrower
<br />under paragraph 2 hereof, then to interest pryable on the Note, then w the principal of the Note. and then to interest and
<br />principal on any Future Advances.
<br />4, Chagtes; t,ieas. Borrower shall pay all taxes. assessmenu .rod tither charges. fines anJ impositions atlribueuble to
<br />rttt Property which may attain a priority over Ittts lked of Tnrst and leasehold payments ar ground rents, if any, in the
<br />manner provided under paragraph 2 hereof or, ii not paid in such manner, by Borrower making paymem, when due, directly
<br />to the payee thereat Harrower shat{ promptly furnish to LenJer alt notices of amounts due under this paragraph, and in the
<br />event Borrower shall make payment directly, Borrower shalt promptly tarnish to 1_ender receipts evidencing such payments.
<br />Burruw~er steal! promptly discharge any lien which has priority over thn Ueed of Trust; provided, that Harrower shall not be
<br />required to discharge any such lien w tong as Borrower shat! agree in writing to the payment of the obligation secured by
<br />such lien m a manner acceptable to Lender, or shalt in goat fauh comcst such hen by, or Defend en[orcement of such lien in.
<br />legal proceedings which operate to prevent the enforcement o[ the lien or forfeiture of the Property or any part thereof-
<br />5. Hitraad itiwrttace. Borrower shag keep the improvements now existing ur hereaficr erected on the Properly insured
<br />against toss by fire. hazards included within the term 'YxtetdeJ coverage", anJ such other hazards as Lander may require
<br />and m such amounts and for such periods y Lender may require; provded, that Lender shall not reyutre thaz the amount of
<br />such coverage txceeD that amount of coverage required m pay the sums secured by the Deed of Tnist.
<br />~Pne insurance eat Bier providing the insurance shalt be chosen by Burrower subject to approval bq Lender, provadeJ.
<br />tEutt such a@prouai shalt oat 6t unreawnably withheld. All premiums on insurance policies shag be paid in the mttttrter
<br />provided ttrnier paragraph 2 hereof or, if not paid in such manner, 6y Borrower making payment, when due, directly to the
<br />ilisuranct c:lriu.
<br />Atl insurance policies and rentwais' thereat shall tx rn loins aa:ceptrble ra I.cnder and shall rnc9ude a standard mortgage
<br />clause it £avnr of and in fnem acceptable to Lender. Lender ahati base the right to hodJ the pahcirs and «newafs thtreot.
<br />and Borraw-er shall pruntpt}y furnish to Lender al; renewal notices and :ell receipts of pwJ premiums. [r. ehe event of loss.
<br />Barrawcr ~:aH ,;ive primp! Warier to the trsstrata:c earner urns ! ender. LenJer may make prouF of Ions it nut made orompdy
<br />6y i4orrower-
<br />Unless Lender ants 8arrawtr otherwise agree in writing, msurartee Prucetds shall be applied to restaratiatr air «pur of
<br />the Prapenv damaged, provided such restoration or repau i> <wnom;cally tensible .mD the securry of thu UeeJ of Trust u
<br />not thereby-impaired. If such restoration or «pur is na ecunamienlly Ieavblt ur if the security of thts 1Red of "Rust would
<br />be impaired, the insurance proeteds shad be appheJ to the sum. secured 6y this Uetd of Trust, wnh the excess, if any, paeJ
<br />to Borrower. If the Property is abandoneD by Horrawer, or if Burrower faits to respond to Lender within 30 days from the
<br />date notice is malted by Lender to Borrower that the insurance earner utters m settle a claim for irnurance benefits, Lender
<br />is awhorized to collect and apply the insurance prek:eeds at Lender's option tither to restoration or repair tit the Property
<br />or to the sums secured by this DeeJ of Trust.
<br />Unless Lender and Borrower otherwise agree m wuung, any wch applicauwt u[ proceeds to principal shall nut extend
<br />or postpone the Jut date of the monthly installments referred to in paragraphs I auD ? hereo[ ur change the amount tit
<br />wnh installmems. If under paragraph Vg herea the Property a ucyuued by Lender, a!I right, title and inmrest u[ Borrower
<br />in and to any inwranct policies and in and to the proceeds thercu[ resulting from damage to the Property prior m the Talc
<br />ar acyuisitiou siaaJ ones Io lxakr to the extent o! the sums secured by thu Deed of Trust inunediately prior to such sale ur
<br />~quisition.
<br />6. Frescrvafioa and IHaiotettaace of Properly; Lcstsrholds: Cattdominiums; Planned Unit iirevelopmeats. Borrower
<br />shall keep the Property ir, guuJ tepau and shalt na cununu waste or pennn nnp:unucm ur Jetenorauun of the Property,
<br />and shall comply with the provisions al soy !rase if [his Deed of Trust a on a leasehold. If [his Deed u( Trust is tin a unu in a
<br />condominium or a planned unit development. Borrower >hall perform all of Borrower's ubligauons under the Declarauun
<br />or covenants creating or goveoung the condominium ur planned unu Je,rfopment, the by-laws and regulations of the
<br />a:atdomulium or planned amt JeveWpment and consutuem document>. if a cunduminium or planned unu Jevelopmtnt
<br />rider is executed 6y Borrower aoD recorded together with this Deed of trust the covenaas and agreements of such rider
<br />shalt bt incorporated inw and shalt amend and wppkment the vvenan0 anJ agreements of thu DteD of Trent as iE the rider
<br />were a pan hereof.
<br />'r. Ft€rictt£^.,a o< Lcadtr's Se:;ttity. (tf Borrower fads to ta:r(urm the cavtnarts anJ agreentenn cantaintd in this
<br />Deed t:rf Trust, ur ff any action or pruceefling is contsaar«D which matenalfy affects Lender's ;merest in the Property.
<br />u;cluding, but sat limited to, eminent Jamair,, iiualvency, caste entorc,^.rxnt, ar arrangcrnents ur prexreding> involving a
<br />bankrupt ur deceJent, then Lender at Lender's option, upon nonce w Horrawer, may make wch appwrance>, Jnhur>e >uch
<br />sums :uxf take such action az is necessary to praect LenJer i mtere>t including, hu[ oat limned to. dmburacmem of
<br />reasonable attortuy's Fetur and entry upon the Property to make repair. It LenDtr rtyuireJ mortgage incur rice as a
<br />condition of making the loan secureD by this Deed of Trust, Borrower shall pay [ht premiums reywreJ m maintain wch
<br />insurance in eilect until such time as the reyuirenrem (or such ;nsurance terminates m accordance with Borrower's anJ
<br />I.erxltv's wnutn agreertcen[ or applicable taw. Borrower shall pay the amount tit all mortgage insuran,:c premiums n the
<br />,,.a .::r y;,avi~:: ~a:w'°r p:.: agra~. 2 ;~:suf.
<br />Any attWttmS disbutxd by LgrDcr purswm W this paragraph 7, wnh merest thereon. shalt Ixcome aJDrtuxiai
<br />insleblrAness of Sarruwer secured by this Uer:J of Trust. tl mesa Horrawer anJ Leader agree W other terns of payment wch
<br />arruaunts shall t>e payablt upon rwuce from Lender to Borrower rcyatsung paymem ttaercuf, and shall hear rote=est from the
<br />dart rd disbursomart a the rase payable frvam tirnr: to lime uo .,utstanDing principal under the fywe nntes> payment of inttrt>t
<br />a! such rue would (ze ctuairary to appticaWc law, m which even ,uch amounb +hall Ix:ar nitcrtst tit the hrgheu rare
<br />permissible ,ruder applicable law. Nathrng vwiua~acJ in this paragraph 7 -.halt require Lender to ia:ur any expense a: take
<br />say q~~an tscsttuadcti
<br />;ri~a$ae. ._°:,:',tr iuap make ur ;«usr to tat maw rea>u::.aie cnisies up,;.:.uiJ :nspcc otitis a! the Property, pravtJeJ
<br />fttai tc>'attt staatf g!?c Hurtuwtr rtutict Iiriur to arty sash ,uaptcti,in spc::rtg•,ng ita,un~bk .:asst ther,:fui related to 1 crsJer,
<br />+nltreat ,ri the Pruosnv
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