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t tirrrmau CYweNxNrs Borrower and t ender covenant and agree as follows: S ~ - ~ ~~ w ~/ t) E'
<br />1. o[ !'ritaeyrai mat Iptettest. Borrower shall promptly pay when due the principal of and interest on the
<br />irrdeMedness evtdtnced by the Nate, prepayment and late charges as provided in the Nate, and the principal of and interest
<br />on anp Future Advatreec secured by this [)led of Trust.
<br />(°' Z lihttri Ear 7'a:es ttttti ttattvamce. Subject to applicable law ar to a written waiver by [.ender, Berrotver shall pay
<br />to Larder on the day monthly imtaBrrKents of pnncipal and interest are payable under the Note, until the Note is paid in full.
<br />a gum (herein "Funds") equal to otx-twetftfi of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trtst, and ground rents on the Property, if any, pros one•tweffth of yearly premium installments for hazard insurance.
<br />phta one-twdNh of yprly premium installments (or mortgage insurance, if any, all as reasonably estimated initially and From
<br />titrtt to time by Lender an the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds alta#1 bt held in an itntitut~rn the deposits or accounts of which arc insured or guaranteed by a Federal or
<br />state agency (including !_rnder if Lender is such an institution). L.cnder shall apply the Funds to pay said (axes, assessments.
<br />imarartce premiutna atsd gramd rents. Lender may cwt charge for so holding and applying the Funds, analyzing said account
<br />or vtrifyitrg and cotsrpilirtg said asttrxtments and bills, etntess Lender pays Borrower interest on the Funds and applicable law
<br />permits Ixndtir to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />heed of Trust that in4ttest on the Fe!atds shat( be paid to Borrower, and unless such agreemen4 is made or applicable law
<br />requires such interest to be paid, 1_trrder shall not be required to pay Borrower any interest or exrnin~s on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and det+rts to the Funds and the
<br />ptrtpaee for which each debit to the Funds was made. The Funds aze pltxtgtd as additional security for the Burns secuttd
<br />y this Deed of Trent.
<br />If the atttarnt of the Furls held by Lender, together with cite future monthly installments of Fonds payable prior to
<br />the dire dates of taxes, assessrtrenn, insunrtce premiums and ground rents, shall exceed the amount required to pay Bard taxes,
<br />assenmeats, insurance premiurs and ground rents as they fall due, such excess shall be, at Borrower's opiton, tither
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shalt not he suftrcient to pay taxes, assessments. insurance premiums and ground rents as they fall due.
<br />Bprcower shall pay to [.ender arty amount necessary to make up the deficiency wuhin 30 days from the date notice is mailed
<br />by Lender ro Bmrawer requesting payment thencof.
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragt•a~h t8 hereof the Properly is Bald or the Properly +s otherw•+se acquired by Lender Lender
<br />shall apply. no later chart immedntely prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />1_arder at the 4ime of application as a credit against the sums secured by this peed of Trust.
<br />3. ApNieadwt ad lsayaaenn. Unless applicable law provides otherwise, al! payments received by 1_ender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied try Lender first in payment of amounts payable to Lender by Borrower
<br />u~tr paragraph Z hereof, [ircn [o interest payable nn the Note, then to the principal of the Note, and thin to interest and
<br />principal on any Future Advamxa.
<br />4. ~ f9eta Borrower shall pay all taxes, assessments and other charges. fines and impositions attributable to
<br />the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in [fie
<br />manner providdf utrdu paragraph 2 huwf or, if not paid in such manner, by Borrower making payment, when due, directly
<br />to tt~ payce thereof. Borrower sfiali promptly furnish to Lender alt notices of amounts due under this paragraph, and in the
<br />event Borrower shelf main payment &ratly, Borrower shall promptly Cornish to Lender receipts evidencing such payments.
<br />Borrower ghat( promptly discharge arty lien which has priority over [his Deed of Tnrsl: provided, ti. +t Borrower shall not Fx
<br />requited 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 mantic acceptable to Lender, or shall in good fattt+ contest such hen hy, or defend enforcement of such lien in.
<br />Itgal pptrtrxedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Naafi Ipweaece. Borrower shah keep the imp:ovemcnts now existing ur htrrafter erected on the Property insured
<br />against loss by fete, hazards included within the term "extended coverage'", and ouch other hazards as Lcndcr may require
<br />and in such atrwunta and for such penods as Lender may require; provided, that Lender shall not require that the amount of
<br />such coverage exceed that amount of coverage reyuered to pay the sums secured by this Deed of "f rust.
<br />• ~ ww:..~ .r...:.,e ., ~/rglr M _hnwn by t;urrawer subieet to a_ppraval try Lcndcr. provided.
<br />T`rtt tmuiar~-t eareRr prov,....a ...., ., .>s..a~'.-
<br />tmt psdt approval ghat( net be unreawnably withheld. Alt premiums on insurance policies shall err paid in the manner
<br />provided trader paragaph 2 hereof or, if cwt paid sn such manner, by Borrower making payment, when due, directly to the
<br />insura6et CArr16t.
<br />AB insurance policies and renewals thereof shall tx m form acceptable to Lender and shall include a standard mortgage
<br />dolor in favor of and in form acetptable to Lrnder. Letxier shall have the right to hold the policies and renewals thereof.
<br />and Borrower sfiali promptly furnish to tinder all renewaF notices and ail receipts of paid premit+ms. In the event of '•rss.
<br />Borrower shall give prompt notice to t}re msurarrcc canter and t.cndtr. Lrnder may make proof of lass if not mode promptly
<br />by Borrower.
<br />Urtkss [.ender aced Borrower otherwise agree in writtng, insurance proceeds ,hall be applied 4o restoration or repair of
<br />the Property damaged, provided such restoration or repair +s ccanamrcally feasible :+nd the security of this peed n( Tnrst is
<br />not ti~st.M impaired. If <_~_h *estoratian nr repair is tin economically irasrble or +f the security of this Deed o('fn+st would
<br />Ile inspairesf, the instttance proctxds shaft be applied to the rums secured Icy ibis tkcd of 'trust, wnh the excess, if any, pail!
<br />to Borrower. !f the Property rs abandoned by Borrower, ur if Harrower fails to respond to Lender within 30 days from the
<br />date twtice is mailed by Lender to Borrower that the +nsttratn-.e carntr aN,en to settle a claim for insurance benefits, [.ender
<br />is auttwriztd to txdiect and apply tip irtsuratttt proceeds at t_enrkr's option tether to reswration or repair of the Property
<br />or to the seems aecttred by this Deed of Trvst.
<br />Unitas Lender attd Borrower otherwise agree in writing, any such application of proceeds to principal shah not extend
<br />er p~tper~ the dtx date of the rzwnthly installments referred sa an paragraphs !and 2 hereof ar change the amount of
<br />such itntaHmrnta. ]f ttttder paragraph 18 hereof the Properly n acquued h} (.ender, all nght, title and interes! of Borrower
<br />in and to goy insurance policies and [n and to the prcrceeds thcr~rot rtaullmg from damage to the Property prior to the sale
<br />or acquisition shag pass to Lender to the extent of the sums secured by this eked of Trust tmnrediately prior to lush sale or
<br />aCQntattlan.
<br />b ParxrvaAoa aed Ataiatesaeee o[ PreKrtyt txase6elds; Condeminitrms; Plawped Unit Dsrslapprests. Borrower
<br />shall keep rite Property in goad reps:r and shall cwt commit waste ,rr prrmn +mpairnrrnt or dr[crioration of the Property
<br />gad ghat( comply with the provisiotas of any lease if this Deed of Trust +s en a leasehold. If this Deed of Trust is on a unit in a
<br />condominitun or a planned unit development, Borrower shall pedorrn all at Borrower's obligations under the declaration
<br />or covenants creating or governing the condominium or planned umt development, the by-laws and regulations of the
<br />condomioiam or platmed unit development, and constituent documents, iF a condominium ar planned unit development
<br />rider is executed by iorrower gad recorded together with thrs peed of °f rust, the covenants and agrecntmts of such rider
<br />s1taB be incorporated into and snail amend and supplement the covenants and agrettnenls of this Decd of Trust as if the rider
<br />were a part hereof. '
<br />7, 1 of I.eerkr'a 3tterity. tf Borrower faits to pertornt the covenants and agreements contained in this
<br />T?emf of Tttnt, or if any action or proceeding is aimtnence,t which rnateriaily ailects Ixnder's interest in the Properly.
<br />intiuding, but not limited to, eminent domain, insaWenc}, code entarcanent, or arrangements ar prott~tdings involving :+
<br />bankrupt or decedent, then fxttder at Lender's option, upon nonce to Burrower, may make such appearances, dishune such
<br />Burin and take ouch action as is necessary to protect Lxmier's interest, inetrtding, trot not limited to, dnburaement nl
<br />rtasenahle attortrty's fees acrd entry upon the Property to make repairs. If i_endrr required mortgage inwruncr a,
<br />cooditum ttf making the loan secured by thrs Lked of Trust, Borrower shall pay [he premiums required to mainta+n >uch
<br />irnurance in tliect on'il ouch tirtp as the rtquircrnent for such insurance terminates in accordance with Dnrrovvcr's and
<br />l.sndar'a written agroetntni or a tcabk law. Borrower shall pay the amount of ail nwrtgage insurance premiums in the
<br />rnanwar provided tttrder para~rap£i 2 herertf.
<br />y arremmts disbursed by [.ender pursuant to this paragraph 7, with ~ntcrest thtreun, shall htcar-toe additional
<br />ia>deblsdR nos of Borrower aecusrd by this I)etd of Trtnrt. Unless Harrower and Lrnder agree to other terms of payment, stH.h
<br />atttoernts shaft 6wE payahie nputt notice tram isttder to Barrosver requa,ling paymer» [hereof. and shall hear interest from the
<br />clog of d~lrvraapant at the rate payable fnart thtte to time on outstanding pnnc+pai under the Mate unicss payment of intrrcst
<br />az pact[ rtt~ would be contrary to applicable law. in whu;h tvrm sttcft amounts shall bear +ntetest at t}rc highest rate
<br />permisaibk trrrdet applicable taw. Nothing catuaintd in this paragraph ?shall require Lrnder to incur any expenx or tales
<br />airy artstxt lasraundar.
<br />g, 4ias6 L..erttkr may make err a:aust !e bt rnasie reasonable entrtts upon and mspcctxrtta at the Prnpen}•. n+ridtd
<br />that La:rtder shah give fiorrrxwex txriux prior t€. any such irtttprx.t.an speti.ifying reasonable cause therefor related to L.e.odrr'c
<br />:nterear in iha Proaarty-
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