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<br />3A{ pit .~£ t:~ i fjft
<br />()prtFarest ~avr'-tret'rrs. Borrower and lender cavenariz acrd agree as follows:
<br />}, r~stslist of sad Ittleselt. Horrawer shah promptly pay wttt:ri deco the pnt>vioal of and intern! ern the
<br />indebtednns evidettcid by the Nate, prepayereuri arm late charges as psovrded in tfii Nott, and the prin~rpal of and interat
<br />on Futtue Advatrces securtd by this Deed of Trust
<br />2, tFt~is fir Tstass tees! [ewrsfee. Subject to applicable law ar zo s written waiver by Lender, Borrower shad pay
<br />to Lender on the day monthly installtntnts of pt~ncipal and !morose are payable under the Nate, until the Notc is paid in full.
<br />a sum (heron "Fumb"! equal to ores-twelfth of the yearly [axes and assessments which may attain priority over Chic
<br />Dad of Trust. and gt'outed rents on the Property, i# any, plus orx-rweifah of yearly premium installments far hazard insurance.
<br />plus one-twelfth of yearly prdnium instaNttrents for mortgage insurance, if any. al! as reasonably estimated imtrally and from
<br />time to time by Lender on tht basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shalt be held in an institution cite deptrsih or accotmts of which arc insured or guaranteed !?y + Federal or
<br />slate agettey (including Lender if Lender is such an inshtutroni. Lender shall apply the Funds to pay said taxes. ~' -sments.
<br />itisttnnce premiums and ground rents. Lerxier may clot charge for w holding and :applying the Funds, analynng card account
<br />or verifying and compbing said assessments and bills, unless !.ender pays Bortnwer interest on the Funds and applicable law
<br />palm!#s tinder to make such a charge. Harrower and [-enrkr may agree in writing at the umc of exccunon of this
<br />Died of Trust Shat inieresz on the Funds shall be pard to Borrovrr, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not be requred to pay Bortower any interest or earnings on the Funds. lender
<br />shall give to Borrower, without charge, an annual accosmung of the Funds showing credits and debits to the Funds and the
<br />ptrrpae for which each debit to the Fonds was made. The Funds are pledged as additional security for the sums secured
<br />by this Deed of Trust.
<br />If [he amount of the Funds held by I-erideG rogaher with the (uturc monthly installments of Funds payable pnnr to
<br />the deco dales of taxes, assessments, insurance premiums and ground rents, shall exceed the amount requred to pay card taxes,
<br />aaessments, insurance prcmiuins and ground rents as they fall due, such excess shat! he. at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on mo[uhly installments of Funds. If the amount of the Funds
<br />hdd by (.ender shall no[ tee sulficimt to pay texts, assessments, insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Linder any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />try Leader to Borrower requcstiog paytarnt thermf.
<br />Upat payrtreiet in full of all cetera ucured by this Deed of Trusr, Linder shall pronptly round to Harrower any Funds
<br />held by Lender- ff under paragraph 18 hereof the Properly rs sold or the Property a othcrwtse acquired by Lender. Lender
<br />shall apply, fro later thin rmmedtatdy prior to the salt of the Property ur its acquisition by Lender, any Funds hdd by
<br />Larder to the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. AtalYeatlnr d hyaeale Unless applicable law provides otherwiu, all payments received by Lender under the
<br />Note aced paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to (.ender by Borrower
<br />trader paragraph Z hetxof, then to intuest payable on the Note. [hen to the principal of the Note, and then ro interest and
<br />prittctgal on any Fuwrc Advmrxs.
<br />4. Cl~, Iieas< Borrower shall pay all taxes, assessmems and other charges. tines and rmpnsrtions attributabic to
<br />the 1'ropaty which [tray attain a priority over this Deed of Trtst, and leauhold payments or ground rents, if any, in the
<br />tttaaaer provided under paragraph 2 herwf or, if not paid in such manner, by Borrower making payment. when due, directly
<br />to the payee thereof. Borrower shall promptly furnish to Lender ail notices of amounts dot under this paragraph, and in the
<br />!vine Ho:rower shall make payment dirxtly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority over [lies Deed of Trust; provrdcJ. [fiat Borrower shall not hr
<br />required to discharge any such hen so long as Borrower shall agree in writing to the payment of the obhgaUOn secured by
<br />code Sim in a raanoer acceptable to Linder, or shall in good faith contest such Ben by, or defend enforcement of such lien in.
<br />kgat which operate to prevent the enforcement oC the lien or forfeiture of the Property ar any part thereof.
<br />Iaarrsatee• Borrower shall.kiep the improvements now existing or hereafter erected on the Property insured
<br />against lost by fire, haurds included within the term "extended coverage", and such other hazards as Lender may require
<br />and in such amounts and for such periats as Lender may require; provided, that Lender shall not requrrc that the amount of
<br />suite coverage exceed that amount of coverage required to pay the sums secured by flies Decd of Trust.
<br />The irrsunnce carrier providing the insurance shall be chosen by Borrower subiect to approval by 1 ender: provided.
<br />that stst:h approval shall not be unreasonably withheld. Ail premiums on insurance policies shall he paid in the manner
<br />p1OY1ded uadee panpap6 2 hereof or, if not paid in such manner, 6y Borrower making payment, when due, directly to the
<br />raNSraott nrria.
<br />All insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof.
<br />sad Borrowee shall promptly tarnish to Lender all renewal notices and sit receipts oC pard premulms. In rite event of lass.
<br />Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make prtwf of Ins.! .1 nut made promptly
<br />6y Borrower. -_ ~ ,-.,,
<br />Unless Lender and borrower otherwise agree in welling, insurance procr:cds ;halt tx- appi,r ::, .s,:.,rattcn or r°pa:e of
<br />the Property damaged, provided such res[orauon or repair rs ccunomrca!ty feasible acrd tiro ses:rrriiv.a( the, Decd of 'I rust i>
<br />tint thereby impaired. If such restoration nr repair is not economicaiiy fcasrbie or ri tfe eutri[y ut r. rs 'uiid ::e tract wrrtrld
<br />bi impaired, flit !seers.^.ce pr•,!'^e~!s stall be applied io the sums ucured by this heed of trust, wufi the excess, if any, pard
<br />to Borrower. If the Property is abandoned by Borrower, nr it Harrower rain eu respond to >rcuaer wirmrr o day `sin ih=
<br />data notice is mailed by Lender to Barrow°ir that the rtesurnn>.e surrrzr .r.i>=.s ,.. s: (tie a ~:ar....o...,ur.arsr~,. ~ f~-rt - t ~'oder
<br />is authorized to collect and apply the insurance proceeds ai Lender's option sober to restora«on or repair of the i'nrpcny
<br />or to the sutras secured by this Dced of Tntst.
<br />Unless Lender and Borrower otherwise ag«e in wriuag, any such applre:won of pnxeeds to principal ~haN rant extend
<br />or postpone the due date of the monthly installments referred to m paragraphs 1 and '_ hereof ur change the amount of
<br />such mstalhnenis. If under paragraph Ig hereof ti.e Properly rs acywred by Lender, all tight, title and undre>t ui Borrower
<br />in and to any insurance policies and in and to the proceeds thcrroC resulting from damage w the Property pnnr «r the sale
<br />or acquisition sfiali pass to Lender to the extent of the sums secured by this Ixed of Trust unmedrately pnnr «, such gale or
<br />acquisition.
<br />f. hearvatlos sad MaWtteaace of Property: Leaseholds; Condominiums; Plssned Unit Developments. Battowcr
<br />shall keep the Propery in good repair and shall nut comma ua>re ur pcnnri unpainnent or dctcnora«nn ,+f the Property
<br />and shall comply with [rte provisions of any lease it this [ked of ('rust is on a ieaschold If this Deed of Trust is on a unit m a
<br />condominium ar a planned unit development, Borrower shall periarm all of Borrower's uBligations under the declaration
<br />or covenants creating or governing the condominium or planned unn development, the by-laws and «gulauom ,+l the
<br />condominium or planned unit development, and consutuem documents. if a condominium or planned unit development
<br />rider is exauted by Harrower and recorded together with this teed of J rust, the covenants and agreements ni such rider
<br />shall be incorporated into and shall amend and supplement the covenants and agreements of this Decd of '('nest as if the nder
<br />were a pan hereof.
<br />7. lrolectioo of Lender's Security. If Borrower fads to perform the covenants and agreements contained in chi,
<br />Deed of Trust, or if any action or proceeding is commenced which materially aBects Linde! s interest in rho Property,
<br />ittelitding, but not limited to, eminent domain. insolvency, code en[orcement, or arrangements or proceedings invulvurg a
<br />bankrupt nr decedent, then Linder at Lender's option, upon notice to Borrower, Wray make such appearances, disburse such
<br />scans and take stick aelion as is necessary to protect Lender's interest, including, But not iimded to, disbursement of
<br />reasonable attorney's fees and entry upon chi Property to make repairs. If Lender reyuircd mortgage insuru ice as :r
<br />co>Kiition of making the loan soured 6y this Deed of Trust, Gorrower shall pay the premiums reyuircd to marntam such
<br />irtstrrance in eHes;t un~il such time as [hi requirement for such insurance terminates in accordance with Borrower's and
<br />Cinder's carillon bgrcerrtent. or appttcable law. Barrowir shall pay the amount of all mortgage insurance prcrniums in the
<br />matuter provided_under paragraph 2 hereof.
<br />Aay anzoiinta deabursed by Lender pursuant to this paragraph 7, with iatirest thrrcmt, shall brooms additiur.al
<br />indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to other tt:rms of payment, such
<br />amounts ahRll be payable upon notice from Lender to Borrower reyuesting payment thereof, and shall hear inte«st iron rfie
<br />dates of disbu*tentent at the rate payable from tint! to time on outstanding principal under the Notc vnlcs, payment of interest
<br />u web tats would be contrary zo applicable law, in which event such amounts shall bear interest at the highest rate
<br />pUittiseibk under applicable law. Nothing contained in this paragraph 7 shat! require (..ender to incur any expense c?r take
<br />say actlon hereunder.
<br />B. I~pecttoa. Lender may make nr catisc to 6.e made reasonable entries upon and rnspectinns of the property, pn,~, !dote
<br />that Lender shat! give Borrower notice prior to any such inspection specifying reasonable cause tfieretor related «, i ender
<br />interest in the irrooerty.
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