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`~' ~ ""Y}t1{k~t~~oVertrtNTS, Borrower and Lender covenant and agree as follnws~
<br />]. 'ttyntept of lhrlndpai amt fnlerest. Bormwer shall promptly pay whin due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as prnwded in the Note, and the principal of and interest
<br />nn an Fahtrt Advances secured by [his lhed of Trust.
<br />F1nti1 for TtrYN tmd fnstrarrce. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Ltnt'xr on the day monthly installments of principal and intcrext are puyabtt under the Nott, until the Notc is paid in toll.
<br />a sirm (herein "Futttts"t equal to txtc-twelfth of the yearly taxes and assessments which may attain priority over this
<br />13eed of Tntst, and ground rents on the Property, it any, plus one-twelfth of yearly premium installments for hazard msurancc.
<br />plea ate•tweffth of yeadypremium installments for mortgage insurance, if any. aR as reasonably estimated initially and from
<br />trine [o time by Lender on the basis of asussmenis and bills and reasonable esuritaies thereof.
<br />Ttte Fonds shall be held in an itutitmion the deposits or accounts of whrch are insured or guaranteed by a Ftdera! ar
<br />state a~tuy fincfttdmg Lender if Lender is such an inshartinn). Lcndcr shall apply the Funds is pay said taxes, assessmrnts,
<br />insttrancc premiums and ground rents. Lender may trot charge for so holding and applying the Fundt, analyzing said account
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Ixnder to make such a charge. Borrower and l.cnder may •tgree in writing at the time of execution of this
<br />Deed of Tntst that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requites such intcrext to be paid. Lender shall not be required to pay Borrowtr any interest or earnings nn the Funds. L.cnder
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which tech debit to the Funds was made. The Funds are pledged as additional security for the sotto secured
<br />by [his Decd of Trust,
<br />Tf the amount of the Funds held by Lender, together with the future monthly installments of fiends payable prior to
<br />the due dates of taxes. assessments, insurance premiums and ground rents, shalt exceed she amo:mt required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they tall dot, such excess shall I+r, at Bormwer's option, either
<br />promptly repaid to Borrower or credited to Borrower nn monthly installmrnts of Funds. If the amount of the Funds
<br />held by Lender shall not be sufrcient to pay tarts, assessments, inarrance premiums and grrnmd rents as they fall dot.
<br />Borrower shalt 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 requesting payment thermf.
<br />Upon payment in full of al! sums secured by this Deed of 'Trust. Lender shall prnmpLy refund ro Borrower any Funds
<br />held by Lender. if under paragraph 18 hereof the Property is sold or the Property ,s otherwise aeyuired by Lender, Lender
<br />shall apply, na later than immediately prior to the sale of the Property ar its acquisition by Lender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Decd of Trust.
<br />~, A of I?rtYtxon. Unless applicable law provides otherwiu, all payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied by lender first in payment of amoums payable to Lender by Borrower
<br />under paragraph 2 hereof, tbrn to interest payable on the Note, then to the principal of the Nott. and then to interest and
<br />prittcapar on any Future Advatttts.
<br />aj, S7r{e~ IJeoa. 8oriowtr steal! pay alt taxes. assessments and other charges. fines :ind impositions attrihufable to
<br />the hropaty which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />manner prtrvaded under paragraph 2 hereof or, if not pain in such marrrrtr, u, ~,rr::a.'c: m_ri-rtp payment, when due, directly
<br />to the payer dreaeof. 8orrirr+u shalt~romptiy furnish to Lender all notices of amounts due under this paragraph, and in the
<br />eY~nt Hacraitver trbaii make payrr.~nt ~ara.ity, °>k,trowtr s, oti p:mnptlY fe•rnpsh t^ t Pnder receiota evidencrng such payments.
<br />Botmwtr shall promptly discharge -nY lien which has prority over [his Deed of Trust: provided, that Borrower shall not he
<br />required 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 tttanttet actxptabk to Ltnder, or shat) in goad faith contest such lien by, or defend enforecment o! such lien in.
<br />lapi p~-which operue to pxtvent the rntorcement of the lien or forfeiture of the Property or any part thereof.
<br />9 &eratnrae. Borrower shat! keep the improvements now esisung or hereafter erected nn nc~ Property insured
<br />against Itrs by }lee. haratds itrcluded within the terra °extended coverage", and such other hazards as Ltnder may rtquirt
<br />and rn such amounts attd far such periods as Lender may require, provided, that Lender shall not require that the amount of
<br />such coverage ixea>td that arnou-rrt d covesai~ regttirtd to pay the sums steered b}• this Detd of Tntst.
<br />Tht imurartce earrtu providing the insurance shall be chosen ny Borrowtr subfcct to approval by Ixnder. provided.
<br />tittLL tatsh € tt(mll not be unreasonably withheld. All prtmiums on iruurstue policies shall tie paid in rite manner
<br />1 t~al ~ herc~f o:, if :mt paid in such manner, by Borrower making payment, when due, directly to the
<br />itriutantt eartier.
<br />AB tmstrartee pplicim and rertewatx thereof shat! bt in form aceeptable to Lcndtr and ;hail include a standard rnongagr
<br />clause in favor of and in form acceptable to Lender. Ltnder shall have the right to-bald the policies and renewals thereof.
<br />atad Borrower shall promptly ftunish to Lender all rexwal notices and all receipts of paid prernmms. In the event of loss,
<br />BOrtower ahNl give prompt rto[ttt to the rnxQratttt carrier and Lender. Lender may mane proof of Toss rf not msdt promptly
<br />by Bos:osrar.
<br />Uelt~ Lender and Borrowtr otherwise agree. in wriu~, rnsuraact pr ~txd<_ shat( i+e applied ro restotatian ar repair of
<br />tha property dvnsged, pravidtd su:h restoration or repair is cconomicatly f^asiblc and the security of this peed n( Trust is
<br />sot tlteteby impaiired. If such restoration or repair is oat ecuni+miea€!y ieasri+ie ur if ttu security of ibis Lk~ed of Trust would
<br />be impsirod, the imuratrcro proceeds shall be applied to the sums secured by' this I)ctd of Trust, with the excess, it any, paid
<br />to Borrowtr. If the property is abandoned by Borrower, ur if Borrowtr tads ra respond to Lender within ?0 days from the
<br />date rurlitt is rrrailal by Lenakr to Borrowtr that the insurance carrier utters to settle a claim for insurance benefits, L^ntkr
<br />is authwited 4o CplleCt and apply the insurance proceeus at Lender's apt~n either to restoration or repair of the Property
<br />ar 3o tfte (amts sleeted by this Deed of Trust.
<br />Utdpt Lender and Borrower otherwise agrce in writing, any such application of proceeds to principal shall not extend
<br />or ~por+t the due dale of the monthly irtstalltnents tattered to in paragraphs 1 and '_ hereof or change the amount of
<br />sue msta!lrttettta If under puagraph iY herwi the Prapttty is atyuired F+y lxnder, ail right, title and intertst of Borrower
<br />in and to aaY ittwrarttt poiicits and in and to the prsxecds thereof resultiieg from damage to the ProptrfYop~1OSUChtsaie or
<br />ar aWuisition shag pass to Lender to the extent of the sums secured by tins [)led ai Trust immtc€iatelY p
<br />acquisrtian.
<br />(,, preerradoa atad Afaiitetenaace of prrrperfy: LeaseMrfds: (:orrdominiums; iPfanaed Unit lTeraloPrrteMS. Borrower
<br />shat! keep the Property in good repair and shall awl asmmrt waste or ptnuit irnpairnnnt ur detirioratrart oi' the Properly
<br />and shall contpiy with the provisiruu of any kase if ibis peed of Trust is an a leasehold. If this [ked of Trust is on a unit rn a
<br />casdomittium or a planned unit development, $orrower shall perform alt of Borrower's ub€igations ender the dec{aratian
<br />ar cavtrtatUS creating or gavuning the condominium or plarttu~d unit deveMprnent, the My-laws and regulations of the
<br />condomittirrm or planned unit development, and constituent documents. If a condominium ar planned amt developmem
<br />rider is eaecuted by Borrower and raarxted te,gattser with this Deat tit !'nest, the cavtnants and agretnrents n( such rider
<br />shall ht itrcorporated into and shall atnttid aitd suppkrttent the covenants and agreements of this Dced aF fYust as if the rider
<br />were A Rta- Natant.
<br />} iRrotee#ioo of I;etMer's Sae~itY. If Borrower fniLs to perform the- eoveitants and agreemtrtts coma"toed in this
<br />Deaf af_-T-nut, or ii any action ar proceeding is cumnttnced which materially affects Lenders inttros! in the Property.
<br />iatFhtdingr hilt (tat limited ta, emirirnt domain, iitstttvenc}, coda entoacement, or arrangements nr prst~ecding. involving
<br />lxnnkrupt or tttegcfert, tlttn tender ai Lcndtr s option, upon notice to Borrowtr, may make sui:h appxarancc,, dislsuru ,uch
<br />rirtms and tkkt srr h attain as Is necessary to prattct Lender's interest, including. but not limited to, di+bunentent of
<br />t~us•aa.tde atwtrtcy's fees and entry upon the Property to n;akc repairs.. if Ltiidcr required mortgage ,nxurance .ts a
<br />coridiiion of itaakittg the Eorrt saurtd by this [bed o{ Trust. Borrower shall pay the prenuums requireei n. rn untain ,etch
<br />inwrkrtce-irt effa:t untak such time as the rcquirtment far such insurance terminates 'n accordatrce with ttt,rruwtr's .uul
<br />f.ttvder'a yniuen agretmQni of a rca€sk Inw. Borrawcr shaiE pay the amount of all nuxrtgsgt rnsurarut I+rtminnrs ~n efts
<br />:•ta;.~ pra?tif44d uadet tutrtrgraph 2 harlot.
<br />Ang artroiMtx• disbursed hy' Ltnder purser ri t,. tEt r''^t~rh Z, with ,ntcresi thtrcnn. ,boil Rvr+*mx idditronal
<br />rttdttuedaestE of Batravvtr rtsurtd by this fhcw3 t€ trust. t n ass Rarrnwet slut Ltnder agrtc tat other terms ai payr i>:' such
<br />«asttunts shah ~ tpayah€t u}xsu ix,lace fmm t..tr,ckr to tiarrawtr requesting p:iym:nt thtrei+{.:cud ah:ill I>tat intcresi from the
<br />date of disbursccttwFnt at the raft payatth from time to tune stn nai4tandrng prnncipal under tf• N ,ic anASv payinenf ai intertst
<br />~ h sale azcx~ he u~rttrxtY is app€ia.ablt law, an whia;3t (vent. etch ain.±u~ty :yt;.3t t-a a :ntcresi :ti the highest rate
<br />rgiaai~}t tttder ~ taw, €+iothttrtc coots}ru°ti in rtes patagr'aph , st>i;lt tqu+re i..tnJtr ra ;rent sus- exptu~ ar take
<br />say aetuar heritunQtt.
<br />~ fttlt~ttia+r. fi-ndtt nl9ty ntalct or eautt to tat anndt rt as*?nabtt cntrrts s:gaun sled snspettr<ass r+i tteG Pr[*pi=ri}, pn*, ided
<br />that Laot(stFstrait jev1E tfutrcx+er nanive prior to any' stu:lt rnstk.+~txrt, ;fsbcif}-rag. rva,.u+.ri+ic ~:,.si a thc:rtta~r retst+d ts, I xeidtr'.
<br />+attrrut in tit Prtwarty,
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