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SI-t)~~'~'~?~
<br />Ut+tt••ottrt Covt=partTS. Borrower and Lender covrnant and agree as follows:
<br />I. pitSnrteM of ptrlsteiPal ui ~~ Borrower shalt promptly Pay when due the prrntipar. of and interes€ ,+n ahc
<br />rods evidenced by the Note, prepayment and fate charges as prov+dtd in the Note, and the pnnctpaf of :end imerest
<br />atrasty Futtae Advances secured by this Deed of Tnrst.
<br />3~ ly~i IYr 7y®sa a# Iharrte~ee. Snbje¢t to appiisrMe law ar to a written waiver by Lender, Borrevret shall p.,=
<br />to gender on the day tttatthly installments of principal and interest are payable under the i+lole, umi) the Note is paid in fait.
<br />a sum (herein- "Fonds°) equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust, artd ground rents oa the Property, if any, plus one-twelfth of yearly premium installments far hazard tnsuranm.
<br />pia pne_twe{fih of yeatiy premium installments for mortgage insurance, if any. all as seasonably estimated iniually and from
<br />time to firm by binder a~ the basin of assessments and bills and reasonable estimates thereof.
<br />Ttie Ftmds shall be held itr an institution the deposits or accounts of which arc insured or guaranteed fiy a Pelletal or
<br />state agereey (inctttdittg Lender if Lender is such an irtsututton?. [.ender shall apply +!te Funds t« pay said taxes. ascessmcnts.
<br />itduranee premiums and ground ten-s. Lertdet may Trot charge for so holding and applying the Funds, ana!ynng card account
<br />W vetifyittj and compiling said assessments and bills, unless Lender pays Borrower rntcrest «n the Fun<!s and apphrablc law
<br />permHS fender to make such a charge. Borrower and (.ender may agrer. in writing at the tome of exerunan of this
<br />Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made ur applicable taw
<br />requites such interest to be paid. Leader shall not be requited to Pay Borrower any interest or carnin~s on the Funds. I.cnder
<br />shall give to Borcower, without charge, an annual acconn[ing of the Funds showing credits anJ Jehrts to the Funds ^nd the
<br />ppuurptue Ea which each debit to-the Futtds was made. The Funds arc pledged as additional s=curity for the susr~s secured
<br />by this Dad of Trust.
<br />If qte amount of the Funds held by [xnder, together with the future monthly installments «( Funds payable prior to
<br />the due lodes of taxes, assessments, insurance premiums ono ground rents, shall exceed the amount requtrcd to pay card taxes.
<br />a»essrttents, insurance premiums and ground rents as they fall due, such excess shall he, at 8«rr«wer's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments «f Fonds. If the amount of the Funds
<br />held y Lender shall trot be sufficient to pay taxes, assessments, insurance premiums and groamd rents as they fall due.
<br />Borrower shall pay [o I-ender any amount rrecessary to-make up the deficiency wrthm 30 days fr«m the Jate n«tire is mailed
<br />I-y Lander to Borrower regtteating payttrent thereof.
<br />Upon payment in fuB of all sums secured by this Deed of Trust, I-coder shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragrapph 18 hereof the Properly is sold or the Property is otherwise acquired by !.ender. Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by E.enJer. any Funds held by
<br />I.eeder a fire time of nation as a credit against the sums secured by this Decd of Trtut.
<br />3. A~YcaYan o~-ltoyt~enh. Unites applicable law pwvides otherwise, all payments received by Lender under the
<br />Note and paragrapPhs f and 2 hereof shall be cepppliedby Lender first m paymem of amounts payable to Lender fiy Borrower
<br />tmderparagraph 2 hereof, then to interest payable on the Nore, then to the prindpal of tfic Notc, and then to interest and
<br />prinw an any Future Adrattas.
<br />(, tilnje~ Giata. Borrower shall pay all taxes, assessmenK and other charges. tints anJ rmp«snions nttritrutahte 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 />mt>rear pttovtded under paragraph 2 hereof or, i[ not paid in such manner, by Borrower making payment. when due, directly
<br />to the pays thereof, Borrower shag promptly furnish to lxrtder all notices of amounts due under thn paragraph, and in tht
<br />event Borrower shall tnahe payment directly, Borrower shall promptly furnish to Lender receipt: evidendng such payments.
<br />Borrower shall pranptly discharge any 1[en which has priority over this Deed «f 'Trust: provided. that N«rrower shall not tx
<br />tequirdl to discharge any such lien so long as Borrower shalt agree in writing m the payment of the nhhgauon secured by
<br />such lien in a manner atseptabk to Lender, or shall in good faith contest such hen by, or defend enforrcment of such Tien in.
<br />~ which operate to prevent the enforcxitxnt of the Tien or forfeiture of the Property or any part thereof.
<br />sE6s~! jttnrtroe. Borrower shall keep tt+e improvemcnis now existing or hereafter erected «n the Property insured
<br />against loss by-tiff. hoards incltded within the term "extended coverage", and such other hazards as !.ender may require
<br />and in atteh amounts and for such periods as Lemkr may require; provided, that l.enJer shalt n«t regrore that the amount of
<br />oriel( t:pvenge exceed that atttount of corerage requirrai t« pay the sums secured by this Decd of Trust.
<br />The [ttauranee earrtw providierg the insurance shalt fie chosen by Borrower sables( t« approval by 1 ender: pnav,deJ,
<br />t$Itt atrelt app~vaf shalt not be uareasonrcbly withheld. A!I premiums on insurance policies shall he paid in the manner
<br />~trovidsd tinier pra/raph 2 herwf or, if trot pad in such manner, by Borrower making paymem, when Jun, directly to the
<br />ittauratsoe t~rriar.
<br />A!1 ittaurartee pol~iea and renswals thereof shat) he in form acceptable to Lender and shall include a standanf mortgage
<br />claws in favor of and in farm acceptable to Lender. (.ender shall have the right t« hold the policies and renewals thereof.
<br />tad.lEiQrrowor shall promptly furnish to [xnder all retrewal notkes and all receipts of pail premntme. !n the event of loss.
<br />Borrower shall jive prompt iioticY to fire tnsurance carcier and Lender. f_enJet may make proof of fuss it not trtatk prrvnptly
<br />byr lam.
<br />Utdess Leader and Borrower othetwtse egret rn wnlrng, msutance prrrr;ecdi shall txr applied to resruration or report of
<br />lht. Peapdrly damaged, provided such restoralirxt or report ,s a<oncanrcally feasible :and the security «f th,s t)ecd of "[rust es
<br />amt thereby itnpairtm, If such r~aatroa ~ r€pa:r is tr=. _--~-_rtr:ea;alty feastbl€ ,r of rh,< seerttity «t (tits [)ced «f t rtes( would
<br />be unpaired, the it~uran€~ pretceeds shelf be appt'ad t + t~.:.- -ants se:rued by this Dtsd «t 1 runt, wdit tor. cs4e.s { any, ptird
<br />t0 BOrroWer. [f that Property t5 abaiia"iXrrrs'il ~y r«wer.:: :e Ite:rr«irs €- sea tc r€,L~?trJ r€r Ltrtder ws h -`-" t~+. tri`o' tfra'
<br />data noticf is trtailed LtY > was er to Borrower that the irpurance earner offers ro settle a clau~y for ,nsurance fnneiifs, t ernkr
<br />is w[horiaed to collect and apply [ate insurance prace~ at Lender's trptnrri erttrer r« ,~s,Y.g+,.=.. r=. Yp;ttr v...._ . •_~rsy
<br />or to the st~~ assured t*v this lei ~f Tit.
<br />Unless I.euder and borrower olhorwist agree to writing, any sua:h appltcauon ut prrxceds to pnnerpal shalt not r,te«d
<br />or lporo the due date of file mwilhfy irou-litseaus referred to in paragraph+ 1 and Z hereof ur chauge the amount o!
<br />such installments. If under parrgr~ lri hetesrt the Property is ucyutrcd by I.r rider, all right, title and ,merest «t N«rrower
<br />in and to nay insurance policies a to and t« the pr«ctuis thereof resuttutg Ir«m damage to thr Property pram t„ iln +alr:
<br />or aegtMSitiat shall pass to Lender to tits extent ul the sums secure) by this DeeJ of Trust intrneJiately pru,r t=, stx:h sale or
<br />acquisition.
<br />L pnaerradw and A1aMtewaara of Property; I.easelwlis; ('oadotntniurna; Flawed Unit 1)kvelupipewU. Burrows(
<br />shall keep ills Property in g«.xt repair anJ shaft nai <ammtt waste ur pernut rmyaunicnt ,~, ,~cll'liulalugl of the Property
<br />attd oleo!! caatply wrih the provisions of any tease if this [Teed of '1'rri>t is on a lease~fd. It th+s I~eJ of !'rust ,s ou a oral ,n :r
<br />cottdprrtinitmt or a plannai unit devetopntettt, $orr«wer shaft pedarm cell ut Borrower's uhhgauuns under the Jc~Varauon
<br />«r C4vQnanlS cEeating of governing the coitJontinium or planned unit dcvclopntent, the by-laws .rnJ rcgulauun. .~t the
<br />cattiotninittm or planned amt devebpnxot, and crxisutuent drxuntents. if a c«ndominium or pianncJ unrt d~.efaryrt.,cru
<br />rider is executaf by Borrower artd recordeJ together wish this Deed of "I rust. tin covenants anJ agtccutcnts ,~I such rider
<br />spoil be irttorptrtated into and shaft antr:nd and supplement the covenants anJ :rgreenrenu ul thrs [knJ of !'rust as ~f the tiler
<br />stets a part Itrueof.
<br />?. psMultrw of Iwaiar`s ~irrNy. !f lbrrvwer farts to perform the c«venants tad agrcentents ~onra,ncd en the.
<br />Deed of Tttltt, or if any action or Prusecding is comatetncd which materially affects 1-enderi intareat ut nc~ Property,
<br />itsnltMiiug, but not limited lo, eminent domain, tnsolveriey. cone enforcement, «r arrany;entents «r prucccdings mvulvrng a
<br />httrtkrupt or dtacodenl, tires Lender at Lattiiet's option, upon noose to Borrower, may make such appearance, rtishursc so+h
<br />fitiuR attd take stir-h at-iiotr as is n~~saar} tv ut~-4 [.€r `,v~°t'} vrrt- rest. irrsing t•tat [.. f l:aatted tc?. =_i st.ua ~eucut „t
<br />teasona[rie aittrr~rs face grad zloty upon the roperty tar make ratrasrs. If Lender tsyuirEd in«rtgayc ,usurau4c ,. .~
<br />rfiyti ref trtaiting ape Loan secured by (tits Dtra! of Trust, scrrrowcr shaft pay the prtmruma required t.. r w uatu u~tt
<br />Iriratralotto iA ~Iact tiMft- tatcp tuna as t requiretttent for stxh insurance terminates m accordance With It«rrower\ .trial
<br />latttdlt's wttitten >~d or a bk taw. Burrower shaft pay the attxwut of alt mortgage ,nsuranxc prenuurrrs in the
<br />tttaouottr provided udder pa tt~,ra~lteraof.
<br />~tltttouats disptitt~d bX Leader pursunm w this paragraph T, with ,merest thereon, shall t,tcr ut additonal
<br />of $orrower iiaured by this Dad of 7ript [lnfess BorroWVr and fender agree to ottnt is=r ins +,f p.r)rrrenl su4h
<br />tMapllaUy t~fl bG payab[e upga no#irt [tom Leader to Burr«wer rcyuerting payutent thereof. and shall ~:ca, rntvr~at itor;r site
<br />dq~`a~ diab~u~rar.~at at the rout P#Ya~ linen limo to time ern outstanding prindpal under the Note unlcas paymem of mtarrat
<br />al froth rate wotip[ be ixrntrary to appltcabk law, in wh+th evem such amounts shalt bear ,nrcrest at tEn irrgltcst tali:
<br />ptprlpirMYltkrYttt3ar app[icable taw. Nothing cuntaitted in this paragraph T shall require Lcndct to ,near env expense or take
<br />Bitty action i+ereuttdtir.
<br />•. ~al [,dfidtr may makC r+r tigUttC t0 tae blade rCA1~tSllahf! C[If rrCS l,ptn aRJ ,n~~r:~t,on, -,t th~° Pc~~fhsty {+t ...::, f,-.i
<br />(loot l<atidtir sis9[i give Borrower rtotfce prior to any such inspetu«n specifying reamrna6le cau.e the tct reiste,f ,,~ ! a n='c~
<br />intaraN in tlsa proaanv.
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