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(1Mir@#af CaweNa,rt^a. Borrower and Lender wvenant and agrN as laitowa'
<br />t. -aymeat e/ Prlnt{psi and lnterot, gorrowsr shad promptly pay what 6utotha prietaipal of an4 intemt urf tM
<br />.ndehtednsss evidancad hY the ?+we, prtyaymsnt and lore charges as provirstd in tM [vorc, and tits principal of and intense
<br />nn any Futs;ro Advances xecnrW by thu Deed of Trot.
<br />7. Ponds for Taxr sn6 Tmuroncs, Subject to applicatk law w ro a written waiver by Lynda, Bortewer shall pay.
<br />a, Lender on the day monihiy inatatimana of principal arM imerest are pryable antler the Nme, until the Nots is paid m fait,
<br />t sum ltsran "Fund') equal to ons.twNfth o! the yearly taxq arW aamsmsnn wnich may attain priority aver .his
<br />f7etd of Truest, and ~rstrnd roma on the propsrry, i(sny, Phra one-twifth of yssrly p~ium Smullmrn4 for Maaard Imunnee.
<br />~ P1w utso•twelfth of yeaYy pnmlum mstaumems for monpp insuronea, it any, ail as rsuonab{y atimaitd Initially and from
<br />P 2 • ume to time by Lentkr an the bait of assessments and tsdlr and reswnabk sstimatas thereof.
<br />The Funds shall be held in ar. institution the deposits or accounts of whirh arc imurcd or guaranteed by a Feilsroi yr
<br />~ state agency !including Lender d Lender is such an instdutianl. Lender shall apply the Funds to pay said taxes, asscssmsrots.
<br />I+. rnsvrantt prtmiums and ground rents. Lender may not charge for so holding and applying [he Funds, analyzing said account
<br />or vrnfying and compiling satd asessments xnd bills. unless fender pays Harrower interest on the Funds and applicnble law
<br />permits Lendtr to make such a charge. Borrower and Lersder may agree in venting at the time of execution of this
<br />`~ Dccd of Trust chat irtttrtst on the F~.inds shall Dt paid to Borrower, and unless such agreement fs made or appneable taw
<br />,~ requires stmh interest to be paid. Lender Shan not be rr,yuhttl to pay Borrower any interest or earnings on elm Funds. Lendtr
<br />shall give to Dorapwer, without charge, an annual accoummg of the Funds showing credits and debits to the Fundx and the
<br />purpose for which each debts to ilia Funds was made. The Fund: arc pledged as additional security for the stems secuad
<br />by mis Dccd of Trust.
<br />If the amount of the Funds held by Lender, togeher wah the fuuue monthly installments of Fs,nds payable pnor to
<br />the due dates of lazes, assessments, msu ranee premiums and ground rents, shall exceed the amount required to pay sa,d taxes.
<br />assssmtnts, insurance premiums and ground rents as they fu^ due, such excess shall be, m Borrower'x ogioa, etther
<br />^rompny rzpa,d to Borrower or credited to Borrower rm monthly installments of Funde. If the amount,af the Fundc
<br />hcla by Lender shot' not he suiTicicni ~o pay taxes, assrscmatt:, insurance prtmiums and grmmd rents as they /:dt due.
<br />Aorrutser chaff pry to Lender any amount necessary to make up the deficiency w,thist 30 days (tons the date relict s mailed
<br />• qy 1.sndes ro Borrower regttessiog pjtymtat thereof. -
<br />Upon payment in full of aft sums staved by thu Dcrd a1 Trutt, Lender shall prontpsty rolunr6 to Barrpwcr any Funds
<br />held by Lendtr. If under paragrapgh1s IS hereof the Propery „said or jhc Property ,: otherwise acquired 6y t.ender, (ender
<br />shall apply. no toter than immed(wfy prior to the sale ul the Propery or its acquisiurM by Lender, any Funds heft by
<br />Lander at ilia l,mc of appiicalion as a credit against the sums accured by this Dyed of Trttq. -
<br />7. Aopticasiga of pa,.,._.,-~ Unleza appl~a~ save provides oshtrviw, all pnymanta receivW by Lender ustdpr the
<br />Naa and paiaprapFs I and 2 listens shall be applied by I.ursdcr Rru in paylewm o/ ansoums payaWs to Lynda by Bsvrower
<br />under paragraph 2 hataa(, than to interest payalke on tpu h(wu, than m tlhtp principni of the YVpRe, end than to in[tt`at and
<br />pfrincipal on any Futuee AQranca. -
<br />d. Caargrs; 1.{enr. Borrower shall pay all wxas. usscsstaenra and r,tMr chsrgea, Imes asW impositions atsritugabk to
<br />the property which may ;tttain a priority ovir this Dead u( Trust, sad lauehold payments or grratysd rants, if any, in the
<br />meaner prpvtded under puagrapls j hereof or, if tw paid in such manner, by Borrower making payment, when duet directly
<br />to the payee thereof. Borrows shat( promptly furnish to ).ender all notices o! amounts due under Zhu parognph, and In the
<br />eyept Borrower shaft make paytnem directly, Borrower shall promptly furnish to i.ender receipts evidencing such payments.
<br />Syorrower shall promptly Qischar~e any lion which has pnorily over elite Deed of Trues: provided, ehu Dorrpwer shall trot he
<br />required tp diuharga any such lien so tong as Borrower shall :sgrse in writing to the puymam of the obligation secured by
<br />secle Mien in a manntr.uceptablt to Lender, or shtdl in grad fadh contest such Tien by, a defenJ enforcement pf such lien in.
<br />lagai proceedings which operate to prsvem the an(rucetrtery of slit lien dr (orfciture of the Property or any part thei4ol.
<br />S. tfazard f+tsstsaoce. Bprrowcr shalt keep the improvements now existing a herta(ser erected on the Property insured
<br />against loss by fire, hazards included within the term "extended coverage°, and such other hazards u Lender may fequire
<br />and in such amoums and for such periods as Lender may rcywre; provided, that Lender shall not re wire that the amount of
<br />such coverage exceed fiat amottrN of coverage reyuirW to pay ilia sums secured by this Reed of Trust.
<br />Tht imurance Carrier providing the insurance shall he chaser by Borrower subject to approval by Lrnder; pnwrdeJ.
<br />that such approval shall not be unreasonably withheld. All premiums on imwrnce policies shall he paid in the manner
<br />provided under paragraph 2 hereof or, if nos patd in such manner, by Dagower making payment, when dues, directly to the
<br />insurance carrier.
<br />An insurance pobcies and renewals thereof shall Dr m :orm acccpmbta 'n hander and shall include a standard rnor.3agt
<br />clause m favor of and in form acceptable to Lender. Lender shall hart iht nght 'o ho1J ilia policies and rcncwuts thereof.
<br />nil Borrower shall prampdy furnish !o Lender all re new al uonccs and ail rcccipu of paW premiums. in the event yf loss.
<br />Borrower shall glut prompt oxeye to the insurance Carr rer .veil Lender. Lrnder miry mauve proof of loss i(nat made prompiiy
<br />by Ba rower.
<br />'L1nltss Lendtr and Rorruwtr of herwse agree !r. writing, iraurance proceeds shall ix apphW to restoration or repau of
<br />the Praptr!y dat;naged, provided ouch restwauun or rep:ur i, teorwmaaily Iraa,Gir .~.nd ire arartny of iho Decd ai '(rust „
<br />ea: thtrehy :mpa;red. if such restorauan ar «pau -, nut rcunumrcaily fraaibie ur .f me security at ihn Deed of I?use would
<br />tit ,rnpasrtJ. she insurance prxerds ahail be applied is .hr ~,,,+i, secwcd 6y :i;ts Drec of (rust. w,iii the rsccax, .7 any. paid
<br />ru borrower. 1! ilia P;openy is abandoned by Borro,vcr, :,r .f ^urrawcr faiLc .a reams =ed ;c Lc -des wuhu, )B days ftdm she
<br />daft not,r_c is ensiled Gy-Lender m 3orrowrr chat :ne ~nwrance earner alters ro stare a cia,m ter m+uranct br reties. Lrnder
<br />is authorized to cuilett and apply the insurance proceed, .d Lender's apuon ether 'u rcsianuon or rcpau of the Nropeny
<br />or to the sums secured by this Deed of "f rust.
<br />Unless Lender and Dorrower otherwise egret in wnu rag, any auch~appiicauon a( prouWs to pnnapal shall not extend
<br />or postpone ilia due Jate of the man!hly mxtan men is rclerreJ io m paragra plies i anJ ? htrcot or change the amown of
<br />such msrallmems. if under paragraph tl hercut :he Proprny a acquired by Lender, all nght, Gtie and ineerest of Borrower
<br />m and to any mwrunre polices and in and !o the procecda ihemof rcsuumg from damage m the Property prior io the sale
<br />or acyuuition shall pass to Lender to the extern of the sums secured by this Deed of Trust ~mmed,ately pnor m ouch sale ur
<br />acquishior..
<br />b. Preservatlon and Mafatenanct of Properly; Leaseholds; Condominiunss; Planned Unit Developments. Harrower
<br />+hall keep ihr Properly in goad repau sad ihafl nut ~anuud waxen ur p[nun nn p:unnem or aetcnoranon .u the Paipeny
<br />and shall co'm ply with the prov,van> ai any ;ease if this Recd of "frwi a on a !casrhold. 7f thu DteJ of Trust a on a urn ~n ,i
<br />condumtmum or a planned amt Jevelopmcnt, Borrower shall tk rJOnu all of Borrower's obhgatrons under ilia dcdarabon
<br />er covenants creaURg or govtniing ;nr cordom~nium or planned amt development, the by-taw> ^nd regulations ul the
<br />condominium or piarrtd amt dtrelopmem, and consun,au document.. if a caridomimum or planned unit devciopmeni
<br />oiler is execwed 6y Borrower and recorded together wnh ilia Dcrd of Trust, iht covenants and agrremer.ia of such nJrr
<br />shall bs: incorporattd into and shall ansrnd and supplemrm the covenants and agreements of ilia Detd of 1'ruat us if the reset
<br />were a part herwf.
<br />7. Projection of Lender's Security. If Borrower fads to perform the covenants and agreements contamrd .n this
<br />Deed of Trust, ar i( any acuon or proceWing is commenced which matcriaEly alTrcu Lender's interest in ilia Prapcn y,
<br />including, but not hmdW to, eminent domes, n, insoiver,cy, code enforcement, or arrangements or proceWinga involving
<br />bankrupt ar decedent, then Lender at Lender's option, upon notice to Borrowtr, may make such appearances, Jiahu nr each
<br />sums and sake such actien as :s nttsssary to, protect Lender's imtrta;, ine;udir,g, tut r. ;mu:tJ ;: - -, .~
<br />rcasonabk attorney's fees and entry upon the Properly ro make repairs. if Lender rtyw~red monga+ge Ja ~ ~ancs ra ,
<br />candnian a( n,aktng the ?car. secured by this Uted of Truest, Rarrower shall pay tnr premicnss reyuirrd w ma+nt-tin such
<br />insurance in effect anal such ;inu as 'he regtilremrm for such inaurantt terminates m accoruance wuh Borrow~r'a .inJ
<br />Lender's wnurn agreement ar applicable law. Borrower shall pay rase amount of all mar[gagc insurancr premium, n the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed 6y Lendtr pursuant to this paragraph 7, with ,,merest ,harem,. shall hccan,c addn moat
<br />indebtedntsx of Borrowtr secured by this Decd o[ Trust. Unless Borrower and tender agree to other icrms of payment. aicn
<br />amounts shall ht payable upon wtice from Lender to Borrower rtyuesting payment :hereof, and shaft hear imuesi item :he
<br />dote rte} d:et>c,_....a...... ,
<br />- -- -- --- -•- - "'`° ^te payaG3e tram ihT,c io umc on ouiswnding pnncipai under ilia INmc unless paymen: ul ,n,t rte:
<br />at sv.;h rate wuuid be contrary' to applrcabie ',aw, in which event +uch amounts shall hear intrresi :u the h,ghrsi rate
<br />permissible under applicabit law. Nwhing contained m this paragreph ' sbnll require Lender to incur any expense ar take
<br />any action hcreundtr.
<br />9. Irupesjlon. Lrrder may make or cause to 6e made rcasa,able envies upon and inspections of the Propcny, pro.,JrJ
<br />t:,at Lemler stus;i give Harrower notice pnor ;a any such inapccuon :pees r"ymg tea>onubk cause ihrrtfor reEa;cu w !.
<br />entreat ::: the Protxttv. ~ nee. s
<br />`xxs~sr
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