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<br />$1- 0~105~ 1
<br />UNeFOteM Co+eNwtvra. 12ortower and Lender covenant and agree as follows:
<br />1. Tap"aenf d ;MaripN rmi ittereM. Borrower shall promptly pay when dtte the principal of and interest nn the
<br />indebtedasss evidenced by the Note, prepayment and late charges as provnded in the Note, and the principal of and interest
<br />on arty Futtxe Advances secured by this Decd of Tress.
<br />i Flit i<sr 7'ttms alai /taseaece. Subject to applicable law or to a written waiver by Leader, Borrower shall pay
<br />to r~..d~r rot t~ ~~ monthly i~lallatents of pnnsipal and interest are payable under [he Note, until ttte Note is paid in full.
<br />a farm (herein "Fut~°) egos! [o orre-twelfth of the yearly taxes and assessments which may attain priority over this
<br />'3ted of Tnrst, and Srauad reefs ore fhe Properfg, if any, pills atte-iwelfih of yearly premium installments for hazard insurance,
<br />plus ore-twelfth of yearly premium fnstaBtnents far mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time b?' Lender on the basis of assessmmts and bills and reasonable estimates thereof.
<br />The Fninds shaft fx held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />stye agency (rtc(tdeng Leader if Lender is such an institution). [.ender shall apply the Funds to pay said taxes, assessments.
<br />irswiance prtmitrrits aril ground rents. Letrder may no! charge for sa holding and applying the Fonds, analyzing said account
<br />or verifying and eavtpilitrg said assessments and bills, unless i-ender pays Borrower interest on the Ftinds and applicable law
<br />pe[mi[s Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Dttd tit Trust that interest on the Funds shat! be paid [o Borrower, and unless such agreement is made or applicable law
<br />requites strch interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accotmting of the Funds showing credits and debits to the Funds and the
<br />putpase for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by Chia Decd of T~^,ISt.
<br />[[the arnouat of the Funds held by [seder, together with the future monthly installments of Ftinds payable prior to
<br />the ells dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes.
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall he. at Borrower's option, either
<br />prvtrrptly repaid t~ Hortower or credited to Borrower nn monthly installments of Funds. if the amount of the Funds
<br />betel by Lender shelf riot be sufficient to pay taxes, assessments, insurance premiums seed ground rents as they fall due.
<br />Borrower shaft pay to Letder any amount necessary to make up the deficiency within 30 days from the date notice rs mailed
<br />by Leader to Bortttsver regttesiiog paytoent thereof.
<br />Upon paytaent in fop of al! sums secured by this Detd of 'Trust. Lender shall promptly refund to Borrower any Funds
<br />held by Lender- If under puagraPlr Ig hereofi the Property is sold nr the Property is otherwise acquired by Lender, Lender
<br />shat{ apply, no later than immediately prior to the sale of the Property ar its acquistion by Lender. any Funds held by
<br />i~tder at the tirtm of application as a credit against the sums secured by this Deed of Trust.
<br />3. ApplicmLa® of !'aymeats, CJnlcss applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall fie applied by Lender first m payment of amounts payable to Lender by Borrower
<br />under paragraph 2 trereof, then to intttest payable on the '.':ore. then to the principal of the Nute, and then to interest and
<br />prirtcinal on any Future Advances.
<br />~t C [3e~a. Borrower shall pay elf taxe,. assessments and other charges. fines and impositions attributable to
<br />the Property which may attain a priority over this Deed of Trust. and IeasehoW payments or ground rents, if any, in the
<br />rnantter provided tinder paragraph 2 hereof or, if not paid in such manner. 6y Borrower making payment, when due, directly
<br />to the pays Ihereaf. Borrower shall promptly furnish to Lender all notices of amonnis due under this paragraph, and in the
<br />event Hcrrawer shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such paytnenis.
<br />Borrower shall promptly discharge any lien which has priority over this Geed of Trust: provided, that Borrower shall not he
<br />raltrirtd to discharge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a manner acceptable to L.endtr, or shall in good faith contest such hen by. or defend eniorcennent of sucfi lien in.
<br />legal pnar~dufgs which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />~ 13a1 sari Rawtraee. Borrower shag keep tfte improvements now existing or hrreaFter erected on the Property insured
<br />agaitW loss by Sre, hazards ireclyded within the term "extended coverage". and such other hazards as lender may require
<br />and in such amounts and for such periods as Lender may require; provideJ. that t_ende: shall not require [hat the amount of
<br />such coverage exceed that atrrount of coverage reyu;red to pay the sums secured by this Deed of Tnist.
<br />The Imunnce eatrter providing the insurance si+all he chosen by Borrower suf±ject to approval by {.ender: provided.
<br />tbri att~ aapppp at shall riot be unreasonably withheld. A11 premiums on insurance policies shall be paid is the manner
<br />provided uadrrrovpragraph 2 het~f or, if not paid in such manrxr, by Borrower making payment, when due, directly io the
<br />i~ltraoce airritr.
<br />Ali insurantx policies and relxwals thereof shall br in form acceptable to Lender and shall include a standard mortgage
<br />daltse in favor of and is form acceptable to Lender. Lender sha8 have ehe right to holil [he policies and renewals thereof.
<br />and ilortowtt shag promptly furnish to Lender all renewal nOlfeC5 arld all receipts of paid premiums. In the event of loss.
<br />Borrower shaft give ptcxapt notice to the insurance earner and Lender. tender may make proof of toss if nut made promptly
<br />by Borrower.
<br />Unless 1_ender and Borrower otherwise agrrc in wril:ng. insurance proceeds ,hall tx applied to restoration or repair of
<br />tbt Property damaged provided such restoration or repair is economxaliy trasible and the security of this Decd of Trust is
<br />trot thereby impaired. If sut:h restoration or repair is nut economically feasible or if the security of this Deed of "trust would
<br />be impaired, the itsstrrattee proceeds shall 6e applied to the sums secured by this Bred of 'trust, wnh the caress, if any, paid
<br />to Bortower. if the Property fs abandatred by Harrower, or if Borrower fails to respond to Lender within 3t) days from the
<br />daft notice is mailed by Lender to Borrower that the Insuranec earner oHtrs to acute a claim for inxuancr tx:riefits. Lender
<br />is authorized to collect artd apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the strata sxurad by this Deed of Trust.
<br />Uetkas lender std Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date oC the monthly instaltrtrtnts referred w in paragraphs f six! ?hereof ar orange the amount of
<br />sttc Irrstalletlents. if utrrkr paragraph 1Y hereo€ the Property a acquired by Lender, alt right, title and imerest of Borrower
<br />in and to say iruuraace policies and in and to the pra:eeds thereof resulGng from damage to the Property prior to the sale
<br />or aexgiliSitlOn shelf pass to Lender to the extent of the auras secured by this Deal of Trust immediately prior to such sale or
<br />acquisition.
<br />d Psaasrttamloa fiwi Mtiiieaaace ~ Property; fxaseiro~s; Cerdo®ieiua~; Ptaaaed Unit Deve[lopmcrrts. Borrower
<br />shall keep the Property in gtwd repair and shaft eat conmut waste or fx tins impuu merit or deterioration of the Property
<br />and shall comply with the provisions of any fea5e if this IJeed of Trust is on a teaschoid. If this Decd of Trust is on a unit in a
<br />candonrininm or a planned unit development, Borrower shaiE pcrtarm rill vt Borrower s obligations under the declaration
<br />or covenants creating or governing the eandominium or planned unit development the by-laws and regulations n1 the
<br />condeaniaiutn ar planned unit development, amt constituent documents. If a condominium or planned unit development
<br />rider is executai by' Borrower and recorded together with this Dted of Lrust, the covenants and agreements of such rider
<br />stxe!! be incorporated into and shall attnttd and supplement the covenants and agreements of [his Decd of.74us[ as if the rider
<br />ttrere a pout fureof.
<br />7. Psatsaliaa ~ I.eaieis Seesssifp. If Burrower fails to perform itn covenants and agreements contained in chi,
<br />[?led o[ Trust, or if any action or proceeding is carntrtenced whu:h mrtenally atftets Lender's interest in the Property,
<br />incltding, hen not limited to, eminent domain, insolvency, code enforcement, nr arrangements or procnvlings involving a
<br />hanktupi or dtcedextt, t6etr Leader at Leader's aptioa, upon notice to Borrower, may make such appearances, disbunc such
<br />suaut std take such action as is necr~sary to protect Ltndtr s interest, inekiding, but not [imi[ed to, dishursrment of
<br />reasonable atta-ixy's fees atxi entry upon the Property to make repairs. if Lender required mortgage utsurance as a
<br />condition of malting the loan stcuttd by this 1]eed o[ Trust, Borrower shall pay the premiums required to maintain +uch
<br />iewiranee in e8ex:t tin'it stair time ss the resiuirerrreni for such insurance terminates in accordame with Borrower's and
<br />[..cadet's written agreemwt oa applicable law. Harrower shall pay the amount nt all mortgage insurance premiums m the
<br />mantrer providrai under paragraph 2 here :r,
<br />Aapp artntents disburxd by Lttuier pursuant to ttus paragraph 7, w;[h interest thereon, shall txKUme addiuonat
<br />irsdnbfetlaoss of Bttrrlrvrer securrxt try the I}xd of Trust. Unless Borrower and 1 ender agree to other terms of aayment +uch
<br />atnounta slut! bt payable upon ttatice from l.erder it+ &urower requesting payment thercnf. and shall tsear interest f rum the
<br />daft of disrirlnemeat at the rate.pryabte from time to little tin auistatxting principal under tin Note unless payment of interest
<br />at such rate would Me crattrary fa applicable law, in whie:ti event ,ixh amounts shat) hear rntetz:st at the htghevt rate
<br />partrtistitbk clads applieebk law. Northing caatalned in this paragraph 7 shall rryuire Lender to incur env cxperise or take
<br />trop rstioa }tttetntdex.
<br />d 1_t:ndtr teat' tnakt ar eatcsc to be made reasextabk entrees [ipon and ansputioos of the Pmp:rty. provided
<br />ibat l,sndet shapl~l g~i~v.e.. trxxtower ruuiee prior to any rant[ innpee:eiirn spc.:ifying reasanahk cause therefor related io fem(rr+
<br />snteraat is the ra.Y9+wiiY.
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