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<br />81--OOp.sd`f
<br />LfttsFtrtas C.otreNaN'rs. Borrower and Lender covenant and agree as follows:
<br />1. Pp+raest ~ !rl®aipail tt~ lMenea#. Htxrcrwer shall promptly pay when due the principal of and interest on tht
<br />irtdebttdntss eviderttai by the Note, prepayment and late charges as pronded in the Notq and the principal of and intettat
<br />on an Future Advantxs sect;.w by this Deed of Trust.
<br />Fttt~ for'@'ases troll Lrlimaste. Subject to applicable taw or to a written waiver lay Lxttder, Borttawer shall day
<br />to Lender trd the day monthly imtallttxnts of principal and tnttrest are payable under the ivGte, unlit the Note is poi.'. i...[tli.
<br />a =~, zrhnr~~ "F,utA.•') is y! to s>nt.twstfth of the yearly taxes and assessments which may attain priority over zfiis
<br />D~f of Trust and groutsd rents on the Property, if any, plus one-twelfth of year) y premium installrntnts for hazard tnsurantt.
<br />puts one-twelfth of yearly premiam inatallrnerts for mortgage insurance, if any, all as reasonably esumaatd initially and from
<br />time to titrte by Leader on-the bas'ra of assessments and bills and reasonable estimates thereof.
<br />Tht Furth shall be held in an irrsiitulion the deposits or accounts of which are insured or guaranteed by a Frderal or
<br />start ageexy {irteluding Leader if i.tndcr is crib an institution). Lender shall apply [hc Funds to pay said taxes, assessments.
<br />irswrance prtmtums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said accoum
<br />or verifying and compiling said assessments and tittle, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits L,ettdet to make such a charge. Borrower and Linder may agree in writing at the time of execution of this
<br />Decd of Trutt that interest on tht Funds shall be paid to Borrower, and unless such agreement is made or appliwbit taw
<br />requires such interest to he paid, Lender shall not he required to pay Bortower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose fnr which each debie to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Deed of Trust.
<br />-f the amount of the Funds held by Lende•, together with tht Future monthly installments of Funds payable prior to
<br />the dtx dates of tuts, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes.
<br />assessments, insurantt premiums and ground rents As they fall due, such excess shall he, at Borrowers optton, either
<br />promptly repaid to Btarrotver or credited to Borrower on monthly installments of Funds. If the amount of [he Funds
<br />held by Lender shall not be wfficient td pay taxes, assessments, insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Letrder to Borrows regtxsting payrrtettt thereof.
<br />Upon payment in full of all wins secured by this Deed of Trust. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property is sold or the Property a otherwtse acquired by Lender. Lender
<br />shat! apply, no later than immedtateiy prior to the sale of the Property or its acquisition by Lender, arty Funds held by
<br />(.ender a! fix tittx of rapplicalion as a credn against the sums secured 6y this Deed of Trust.
<br />3. 1RppHeatlog of Psyttaeats. Unless applicable law provides otherwtse, all payments received by Lender under the
<br />Nutt and paragraphs 1 and 2 hereof shall be applied by Lender first m payment o£ amounts payable to Lender by Borrower
<br />under paragraph 2 htrtof, [hen to interest payable on the Nott, then to the principal of the Note, and then to interest and
<br />prirtcrpsl on any Future Advances.
<br />4. f:6agea; [~ewtt. Borrower shall pay all faxes, assessments and other charges. fines and impositions attributabit to
<br />the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />mttmder provited under paragraph 2 hereof or, if not paid in such manner, lay Bortowcr making payment, when due, directly
<br />to the payee thcrtof. Borrower shall promptly furnish m Lender all notices of amounts due under thts paragraph, and in the
<br />evert Borrower shag make payment diratly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any !kn which has priority over this Deed of Trust; provided, that Borrower shall not he
<br />required to discharge any such lien so tong as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a manner acttptabk to LtnSkr, or shall in good tank contrast such lien by, or defend enforcement of such lien in.
<br />ttgal pproceedings which operate to prevent the enforcement cr the lien or forfeiture of the Property or any part thereof.
<br />5. ~d Itsstsraasee. Borrower shall keep the improvtmtnts now rxrting or hertafttr trtcted on the Property insured
<br />against foss by 8rc, hazards trtdudtd 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; provided, that Lrnder shall not require that the amount of
<br />weh coverage exceed that amount of coverage required to pay the sums secured by this Decd of T:tst.
<br />Tht imurortce carrier providing the insuranee shalt be choun by Borrower subect to approval by Lender: provided.
<br />that such approval ahalf toot be unreuonabiy withheld. All premiums on insurance policies shall be paid in the martin
<br />provided ttitdv paragraph 2 hereof ar, if not paid in such mantrer, 6y Borrower making payment, when sue, directly to the
<br />icsurat;tt catrrier.
<br />AI! irsuratect polities attd rttxwals thereof shalt be :r. form acceptable to Lender and shalt include a standard mongage
<br />clause in favor of and in form acceptable to Lender. Lrnaier shah have the right to hold the policies and renewals thtrtof.
<br />attd Horravrer shall promptly furnish to Lender all renewal notices and ail recaps of paid premiums. In the evem of loss.
<br />Borrower shall give prompt notice Io the insurance carrier and Lender. Lender may make proof of loss i( not made promptly
<br />by Borrotv~r.
<br />Ltnless Ltrder and Borrower otherwise agree in writing, insurance proceeds shall tit applied to restoration or rtpatr of
<br />the Properiq damaged, provided such restoration or repair is econom:cally feasible and the security of this Deed of Trust is
<br />not ihtrebp impaued. ff such restoration or repair is not economically feasible or if the security of this Lked of Tnist would
<br />be impaired, the ittwrattce proceeds shalt tat applied to the sums secured by this Deed of Trust, with the excess. if any, paid
<br />to Borrower if the Property is abaddotxd by Borrower, or if Borrower (ads to respond to Lender within 30 days from the
<br />date notice is trailed by Lender to Borrower that the insurance earner offers m settle a claim for insurance benefits, Lender
<br />is authorized to rAikct and apply the inwrance proceeds at Lender`s option either to restoration or repair of the Property
<br />or to the sorts secured by this Dtxd of Trust.
<br />Unless Leader attd Borrower otherwise agree m writing, any such application of proceeds [o principal she!! not extend
<br />or postpone the dot date of tlx monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments: - ]f under paragraph t 8 hereof the Property is acquired by Lender, a6 nigh[, tide and interest o[ Borrowe;
<br />in alit to any insuranee policies and in artd to the proceeds thereof resulting from damage to the Prapecty prior to the sale
<br />or acquisition shad pass to Lender to the extent of the sums secured by this Deed of Trust immediaidy prior to such salt or
<br />acquisition.
<br />6 PrtuervtBioa rind Mairtaswce of Property; Leasehtrids; Condomiaiutns; Plaertal Unit Developments. Borrower
<br />shat! kelp t're Properly in good repair anal shalt na commit waste .>r pcrnnt impairment or ilclcrioratian of the Property
<br />and she!! comply with the provisions of any lease it this ()led of Trust is on a leasehold. If this Deed of Trust is on a unit in a
<br />condominium er a planrttd unit devtlopnunt, Borrower shall perform ati of Borrower's obligations under the declaration
<br />of epvFRSAts Frt;JJlttg 0t t~rerning the condominium or planned unit development, the by-laws and regulations of the
<br />condominium or planned edit devttoprna:nt, and constituent doc;urteent=, If a condominium or planned tiro development
<br />erdtr is eatcuttd by Borrower and reca:ded togethtr with this IXtd of Trust, [he covenants and agreements of such rider
<br />shalt be itscorpotattrai into asxL shalt amtrad and supplemcm the caavcnants and agreements of this Deed of Trust as if the rider
<br />wtrc a part hsrtof.
<br />7. ! of Leadar'a SecuritT. ff Borrower faits to perform the covenants and agreements contained in this
<br />Decd of Trtest, or if any action or prtxetding is commenced which materially affects Lender's interest in the Properly,
<br />itacuding, bu! aunt limited to, eminent domain, ittsoiveitcy, cede entarcerettnt, or arrangements or proceedings involving a
<br />>~~kr*!pt a7r des~n:, then Ltttder az Lttttder's option, upon notice to Borrower, may intake such appearances, disburse such
<br />sums and take weh action at is rtectssary to protect Lender's interest, inc}uding, but not limited to, disbursement of
<br />rtastrrtabk attorney's ftxs add entry upon the Property to makt repeirs. [f Lender required mortgage insurance as a
<br />condition of retaking the loan secured by this Deft! of Trust, Borrower shalt pay Ehe premiums required to rnaintxin such
<br />idwradtt in tfftct tin*il such time as the reslu'ueirtenl for such insurance terminates m accordance with Borrower's and
<br />Ltrrdetr's written agrttment ar applicable law. Borrower shalt pay the amount ~f all mortgage insurance premiums in the
<br />^-~r~tr provides undta paragraph 2 hsrtef.
<br />Aryy anwudfs di{bursed by Lender pursuant to this paragraph 7, with interest thereon. shall heroine additional
<br />indsbtedness of Bmttswsr pared by this Dced of Trust. Units Borrower and Lender agree to e4he:r terms df payment, such
<br />amounts shall tit payablt upon ruatirx from Leoder to Borrower requesting payment tixreof, and shall bear interest from the
<br />dais of t#frrtnatrLL at the raft payable frwri time to tirnt on outstanding pnncipnl under the Note unless payment of interest
<br />a! such rats wouLt! tit contrary to ttppfieable taw, in which evtm street amounts shah bear interest a! the haghest rate
<br />psrmiswsib6e utader trpplicablt law. Nothing contained in dais paragraph 7 shah require Ltteder to im,ur any expense nr fake
<br />my action hersundar.
<br />11. L/Earl. t tttd€t may make ar cootie to tit made rtassa3natak entrees :spun an.± ittsptcUOns of the Property, provtdeJ
<br />tfryt L.erstitr st,aail stunt Berroattr notice prior to any curb insptxtiar zptrify:ng r€av~nab)e cause therefor rclaaed to 1 ender'.
<br />cdtsrasi as t!x Proossty.
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