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<br />Uxrtroxar t.,ovatratrrs_ Borrawer and Lender covenant and agile as follows:
<br />.1. 1 of sod isrierat. Borrower shall promptly pay when dot tiro principal of and interest on the
<br />i~ ovitienced by the Note, pteppaaytteent and late charges as provided in the Nott, and the principal of and SMttrest
<br />oft ally Future Advances securtii by this Deed of Trust.
<br />Z ltrtair i'sr'tl~as:~ iar~te. Subject to applicable law ar to a written waiver by Lender, Borrower shall pay
<br />to Lilider oa-the-day tnaaihly intifallttknts of principat and interest are payable under the Note, until the Note is paid in foil,
<br />a sum (itran "Funds"} equal to orte-twelfth of the yearly taxes and assessments which may attain priority aver this
<br />Dtsed of Trust, and ground-rents on iht Property, if any, plus one-twelfth of yearly premium installments for hazard insurance.
<br />pleat otu twelfth of yearly ptrmium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />tithe to time by i-antler na ilk basis of assessments and bills and reasonable estimates thereof.
<br />The Rinds shalt be held in an imtitufion the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agessoy Cnduditrg Letxler if Lers~r is such an institution). Lender shall apply the Funds to pay said taxes, assessments.
<br />irtatrrance pretnitrms and ground rents. Lender may not charge for sa holding and applying the Funds, analyzing said account
<br />ar veeifyltig and compiling satd assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Ltitilar to make such a charge. Borrower and Lender may agree in writing at the tins of execution of this
<br />Detd of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires tttrclt inttrtst to bt paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, with~eut charge, an annual accounting of the Funds showing credits and debits to the Fonds and the
<br />purpae for which each debit to the Funds was made. The Funds are pledged as additional security fo; the sums secured
<br />by this Decd of Trent.
<br />If the amount of the Futrda held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due darts of farces, assesmtents, iruurance prrntiums and ground rents, shat! exceed the amount required to pay said taxes.
<br />assessments, itnurance premiums and grouted rents as they fall due, such excess shall ere, at Borrcwerc option, either
<br />promppttly ttrpaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not he aufl5cient w pay taxes, assessments. insurance premiums and ground rents as they fail due.
<br />Borrower shall pay to Lettdtr any amount nixessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requtxti~ payment thereof.
<br />Upon payment in full of ill sums secured by this Deed of Trust, !.coder shall promptly refund to Barmwtr any Funds
<br />held by Lender. If uat~r paragraph Ig hereof the Pro rty is sold or the Property is otherwise xquired by Lender. Lender
<br />gill apply, ao later than imrnedutely prior to the sale of the Pmperty or its acquisition by Lender, any Funds held by
<br />Lander at the tithe of app~~tcation as a credit against the sums secured 6y this Deed of Trust.
<br />]. Ap~geailan ot-trsyseaas. Unless applicable law provides otherwise. all payments received by Lender under the
<br />Notts and paragraphs 1 and 2 hereof shall lie applied by I.ertder first in pa nt of amounts payable to Lender by Borrower
<br />under paragraph 3 lcereof, ttkn to interest payable on the Note, then to the principal of the Notc, and then to interest amd
<br />principal on any Future Advattcea.
<br />4 CbatBea; Liaise. 8ormwer shall pay all taxes. assessments and other chargtc. fines and imposuions attributable to
<br />the Property which may attain a pritrity over this Deed of Trust, and Ieasclwld payments or grouted rents, if any, is the
<br />mamam arovided under oaragraph 2 herwf or, if not paid in such manner, by Borrower makin¢ payment, when due, directly
<br />to tles payee thereof. Harrower shalt promptly furnish to !.coder all notices of amounts due under this paragraph, and in the
<br />evant ! shall make payment sirectly, Borrower shall promptly furnish to !-trtdcr receipts cviddscitrg suds payments.
<br />Borrawer shill promptly ditschu~e any lien which has priority aver this Deed of Trust; provided, that Burrower shall not he
<br />required to dhcharga any ssult lxn m long as ~rrrower shall agree in writing to the paytirrnt of the obligation atcursd by
<br />such lira in a rvmav actzptabk to Lers~r, or shall in good faith contest such lien by, or defend enforcemens of such lien in.
<br />Itgal p which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S II Lrstnsce. Borrower shall keep the improvements now existing or hertafttr ertctaf an the Property ittstartd
<br />against brs by Are, haaatds inctudsd within the term "extttxled coverage", and such other hands u (.ender mar require
<br />and is sisch amounts sad for atsch periods as Lender may require; provided, that Lender shat! not require that the amoum of
<br />xuch cavtrage exceed that tetrtount ~ cavtragc required to pay the sums secured 6y thts Deed of Trtrst-
<br />The iastrranct carrier providing the iawranct shill be chosen by Borrower subjat fa approve! by !.ender: pravrded.
<br />ilkm try aiali tmi Ise tmreasonabty withheld. All premiums on insurance policies shall kre pas! in the ttdaaar
<br />~il 2 hercaf or. if rsot paid in such manner, by Borrowte makin; payrrrent. when date, directly to the
<br />raauraece as:iec.
<br />AB iassnanoe policies and renewals thereof shall be in form acceptable to lender and shill include a standard mortgage
<br />clause in favor trf atad in form ar~abk to Lender. Lender shall have the right to hold the policies and rtrtcwals thereof,
<br />ao4liorrtiterer sitttl promptly fnrnils to (..ender all rcrkwal notices and all receipts of paid premiums. In the event of loss,
<br />Barrrirwer sib give pmsapt rwtice to list imtrratsct carrier anal Lender. (,ender may rtsafte prauf i~ loss if cwt msde ptamprly
<br />'.a'.
<br />{7Nless Corder surd Hcxrawcr cuherwrse agree in writrrrg, insurance prix:etrds shall be appfidi tip rtstaruicus ar repair art
<br />the Propaty damssged, provided such rmtoMron or rap.-.rr „ en+rwmiraiiy ieasilslt and the r~itrity eoi thss bred of 'Trust is
<br />irvl t"r i.nria:r.,o, If sitair rafisrrr ~ r~patr n nr+ ec~z-n.-.rrcirall~ feas.bk ~.r rt t#tt: s~sa:ity of tP:-. 1'.~3 of Y~rtst w'3uld
<br />8w ~ a ~~ Ile ~ tai t1R =:tt::u ~ by this l3ttd of Try, wt#h t~ t.;,, if atty. paid
<br />ta_r fir. is lets !-€n~ty to iN i3[firruw+cr, irr iI I3arrow2r iaris to rte to Lt~r't~ waalrin +it saY9 fret the
<br />dau edim u ®ai hyr ' m filnrrcrwer tlru tbe_~_ ~- oarrmr a$us try ~tlk a Claim far stsssuaffi:e 6ett~ts= LStzt~r
<br />le tstAlimitttil to cotlsri and i~ iumu`anc~t ~ at I.tttdzr'x o~ian titttar to rnsitirafissn ,~r repair of the i rafttrfy
<br />tlr t-a aacur~' ` i~ ai ice.
<br />Uplew Ltadatr aridrrosr~ otherwise agroe in writing, any such appixation of proceeds to princi~l shalt rwi cxtertd
<br />or the dtaG tfatlr of tie rntmtily ientallrttearl5 rtsftrred to in paragrapphl~ I artd 2 hereof at change the amateur of
<br />~Hfrrontt. If etader para~agr 18 lsercof the Perrpcrty is ,tcgtured try Lt~er, all right, title and interest of Borrawer
<br />in sad to say inwmnoe policies urd in amd w tie proceeds there~csf rcaFSeiting from dat»agts to the Property prior to the salt
<br />ar acgaisition shall pass to Ltetder to the cxterrt of tie wins sesurcd by this Deed of 'Treat immediately prwr to such sale or
<br />acqulsltioa. ~x~
<br />6. A"tasuvagarf asrA RMRAKaxessaree a( i___T'_~,; IRastiolis; CaatioatiNwas; iPlaaMi UNi AtsvNMaaasb. Borrower
<br />shall kelp elk Properly in gaisd repast acrd xtrasl rwt commis waste or I,ernut imp+errtrent or atzttrsoratirn of the Property
<br />aril tthstll comply wuh the pravisiims at any lease if this Iked of Trust is on a leasehold. if this Dtsd of That is an a trait in a
<br />coadorttinitittr or a planned unit devckiptttettt, Borrower shalt pcdorm all of Borrower's obligations under the dteiaratian
<br />or t>gvenaats canting or governing the txindominitun ar plantkd trait deveFopment, the bylaws and reguhtiotu of the
<br />twtrdomLilum or plashed lino devcloptntnt, and coratirtkm dextunents. If a condominium w planned unit dtvclopmtm
<br />rider is executed by Borrower acrd nxorded rogethar with this Deed ui "!rust, the covenants and agrttnttnts of such nder
<br />shall be incorporated into and shall astrcrul arrd suppltrts€nt the Covenants and agrttrzstnts of this [)eed nt Trust us if the rider
<br />wain a pact bttiteof,
<br />7. ~ ~ YJetaiae'a 'Jtcwrfty. if Borrower fails [a pertirrm the wveeunts arrd agrecnsants contained in this
<br />i)atd of Trtatt, of if say xwiirm of ptaccediag is camrrteocai which materially atTects t.,Cndtr'x interest in the Property,
<br />ittclttdidpg, bau not IimiWd to, eminent domain, iratoivency, caxSr enforcerrteret, or arrangements or proceedings involving n
<br />trankru err t~cet3aat, then Lerxkr at Letidea's option, upon notice to Borrawer, may make such appearances, rlisbursc such
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<br />altmrr ate- rakxti xtiCa leer#irtt ast Fa necessary ra g~#rtect f.erraer'x tirttrtst, F77Getrtetng, t,irt Flirt trmtt ~ ta^ tb rkement ill
<br />rearaftbia aftorney'a Tatar sad dory upon the r~rirptri to mane repairs. if (.critter tegFirFed rsti~rtpryTe insuraFFcc its .i
<br />4rf rttaking the !sate secured by this Datil of ~Frtnt, Borrower shat( ~y the premiums rtatuired ti, maintain such
<br />irm{Ir#itcs in attest enDill suds time as flit requirartent far stub insurance termmatex to accordance with Borrower's :end
<br />I~ot>!et`4 writtaaaigrtetnetat_of applicable law. 8arrower shalt pay the amount of all rrwrigage insurance premiums in the
<br />rrsgoaRr psavidtrd +tmdqu ram pi ~ hweof.
<br />A~t~ titaQgpats djt~af~ra@d by f.andt+r pursuant to this paragraph 7, wits interest thereon, shall htwme additanal
<br />iadi~tsalut cfl~trrtawer itaitt~d by this Dard a( `Trust. Unless Bortvwcr and !..ender agree to other terms of payment, such
<br />arfurfutfa alts!! lie ptyab~a opera a#ite tram Landau to Borrawer rcquestirig paytrrent rharwf, and shaft tear interest !rain she
<br />~drtda r4! d tit else ratio payahhr from flftw to fleas on outatarrding principal ereukr the Nac unhxs payment of interest
<br />of stiteli tale wtNrl3 ba coatrFrty to applitabk law, in which event such attwunts shall tzar interest at the highest rate
<br />~~ tstider applicable law. Nothing tontaintd in this paragraph ~ shall require !.collet ti, ini-ur soy expcrzxe or to-t
<br />any slrafitxt htxwbtimr,
<br />16 ~ l.xndtr stay make err cause to bt made retFSaerat>k trrlrits upast'F and inspeciiirnx of the Property. {+c~„ i.ircl
<br />that LatFtiat shat! Jaya Borrower Hotter: prior acs ana suc=h i4spcctiruF sq~ifying reasanahft cause therefor rcIattd to 1_cnder's
<br />interHaat in t!a i'rooarty.
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