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<br />[SMif'arttA CovExenm. Borrower and I.crtdcr cmensnr arrd ague az f=:tlsrvrs
<br />I. ~'~~ of ifruei'ttti nri Issterat- $orrowt: shall! prrntptly pay wlr,.n due [Fin pscrKegai et artd interest ern the
<br />itfdebtedrtetut eviderleed by rite )•trtte, prepayssttrt2 and fate KLiarge5 as pro}ir~i rn the Ntxe. and the prin;:pal of and interest
<br />on Future }islvarxes setur¢tl by this feed of Tr;rst
<br />lslatie tar Ttaai ttti Irweanee- Strbjtet to appiicatrle law or to a wrttteit waiver by !-ender. Borrower shall pay
<br />to Leoda oa the day rnoMAly irtstatlmtnts ssf principal amt interest are payable under the hWC. until the Nr>se is paid in fall.
<br />a frill(" (herctn "Ft.tlda°) equal to orte-twelfth of the yearly taxes and assessmeMS which may attain priority over this
<br />Decd of Ttus[, and ground rents on the Prnpcrty, if any. phsc ontawelfth of yearly pramitrm instaNments for hazard tnsurartcc,
<br />pftts ane-twelfth of yeatlypremium inSlaHments far martgagc insurance, rf any. atI as reasonably ¢snmated imtaally and from
<br />tape to tune by Lettrkr on the basis of asscssrrtents sail bins and reasonable ectrmates tficreof.
<br />The Funds shall be held in an irtstitution Ehe depesiss or accounts of which am insured or guaranteed by a Fed¢raI ur
<br />statragtutey finchrding Lender if Ixndt'x is such an instdution). Lender shalt apply the Fends to pay said taxes, ass :-sments.
<br />irtswantt premrtrms and ground rents. [xnrhs may not charge far so holding arrd applying the Funds, analyirng satd :.- ,:'m
<br />or verifying and compiling said asresments and bills. unless [.ender pays Borrower interest nn the Fonds and appltcabk law
<br />pErmrts fender to make such a charge. Borrower and (.,ender may agree m writing at the trrnc of exct:uuon of [hie
<br />De~.d of Trust that intemst on th¢ Funds shall be paid ro Borrower, and unless such agreement is made or appLcable law
<br />rp{uires wch tautest to be paid. Lender shat! not be required to pay Borrower any uuttest or earnings on ific Funds, I.ctsdcr
<br />shaB'give to Borrower, without charge, an annual accountsng of the Funds showing credal and dehits to the Funds and ihK
<br />ppuorpose for which each debit to the Funds was mane. The Funds are pledged as additions! security for-the sums secued
<br />by this Deed of Trust.
<br />If the amount of the Funds held by Ixttder. mgether with the future monthly installments of Fund. payahfc prior to
<br />the due loses of fazes, assessments, imurance premiums and ground rents, shall exceed the amount regwred to pay satd to%c>.
<br />ataesolnersts, insurance premiums and ground rents as they tall due, such excess <hali Fx. at Borrower's optron, either
<br />prttgtptly repaid to Borrower ar credited to Borrower on monthly instal}merits of Funds. if the amount of ttra Furtds
<br />Add 6y Lender shall not be sufficient to pay taxes, assessments, insurance premiums and grotmd tents as they tali due.
<br />Borrower sAall pay to Lender any amount necessary to make up the deficiency wihin 30 days from the date notice ss mailed
<br />bt I.eoier to Borrower rcgnating paynant thereof.
<br />Upon payment in full of all rtirms secured by [tell Deed of "rfil5l', Lender shall promptly rc(und to Borrower any Funds
<br />held by Lender. If under paragraph IR hereof the Property is sold or the Property rs otherwtse acquired by Lender. Lender
<br />shall apply, fro later than immedlatdy prior to the sale of the Property or its acquisrtion by Lender. any Ft*.nds hcW by
<br />Larder u the asst[ of application as a credit against the sums secured by thrs Deed of Trust.
<br />3. ApNietiwa of hyaeNS. Unless applicable law provides ntherwrse. all payments reserved by Lender under the
<br />Note and paragraphs l and 2 hereof shall be applied by Lender first m payment of amounts payable to Lender by Borrower
<br />tinder puagraptt 2 hereof, then to interest payable on the Note, then to the principal of the Nute. and then to interest and
<br />prole on any Future Adaantts_
<br />4. C~ [.ies Borrower shalt pay all tales, assessments anJ nrher charges. fines and impnsrtinns auributabi¢ to
<br />the property vrhicA may attain a ptiotity over this Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />tnaener provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly
<br />to tbE payee-thereof. porrotxer shall promptly furnish to Lender a}. anuses of amounts due under this paragraph, and in the
<br />event Borrower shall make payment dlrectty, Borrower shall promptly furnish nr Ixnder receipts evidencing such payments.
<br />Borrower shall prnmptly discharge any lien which tees priority over this Iked of Trust: provided. that Borrower shall not he
<br />required to discha[ge any such lien so long as Borrnw¢r shall agree in u•ritinC m ties payment of the ohhgaUon secured by
<br />such lien in a [[tanner acceptable to Lender, or shall in good Earth contest such hen by, or defend enforcement of such lien in.
<br />legal proc~dm which operate to prevent [he enforcement of the hen or forteiairc t+! the Prerpeny or any part thereof.
<br />5. ELsned Iawtant:e. Borrower shall kelp the improvements now c%rsung or hereafter erected on the Properly insured
<br />azainit loss by fire, hazards included within the term "extended coverage". and such other hazards as [.ender may require
<br />and in such amounts std for such periods as Lender may rcyuire: provided, that Lender shall not rcqutrc that the amount of
<br />such rnverage exceed that amount of coverage reyu}red ro pay the sums secured try this Deed of "Crust.
<br />The ittsutance carrier providing the insurance Shall he chmen by Burrower atb;ect to approval by ! ender, provided.
<br />thu such approval shall no[ be unreasonably withheld. All premiums on insurance pohcics shall he paid in the manner
<br />tinder puagrap6 2 hereof or, if not paid in sucA manner, try Bovower making payment, when due, directly to the
<br />tttwraoce carrier.
<br />All insurance polseies and rKrtewals th¢renf sha{I be in form acceptable to I ender and shall indudc a standard mortgage
<br />clause in favor of and in form acceptable !o Lender. Lender shalt have the right m hold [he policies and renewals thereof.
<br />and Borrower shall promptly furnish to Lender ail renewal notice. and ail rcce,pts of ga1J preintums. in the even€ ut loss.
<br />Bprrpwer shall give prompt notice to rtes insurance earner and !.ender. i.enJer rosy make proof o! Toss it not rnadK promptly
<br />by Borrower.
<br />Unless Leader and Borrower uth.rwise agree in writing, nsurancc proceeds .tra ! n rpp+ i rKSt a ton w repair of
<br />the Property damaged, provided such ressoration or reps:r is ~ c nom;caBy I a [rte ltd th sec v of th+s Deed n! Trust +s
<br />not thereby tmpairert. If such restorarron or repatt is not econumsealiy fcasrbre or ri the .se~uri[y c,~ ttus €.c,.,a o! 3-nt..t s:uuid
<br />ltttpar!`4'l, the irurtraCw:i ar..^^...raw stt311 M appltg,r !ir the sr~ma gK4 uretl trY tt1t5 DcKd ill 1 rUSt, with Inc l'.% titiS. If any, paid
<br />to Borrower. If the Property is abandoned by Borrower, err if Bnrrowcr site t r respond to Lender w:tirrn IO days 3r r ihK
<br />date ttolic¢ is rnai(ed by Lender [o eorrowcr that the msurancr earner one.; ro settle .t claim trr +nsrrrariEK t~t:cfit t Kttder
<br />is authorized to collect and apply the iasurancc proceeds at Lender's option Krther to resturumn of repatt of the Pntpeny
<br />or to the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree ~n wrung, any such apphcauon of proceeds u, principal shall not extend
<br />of postpone the due dale of the monthly installments refereed n+ ut paragraphs 1 and ~ hereut or change the amawrt of
<br />such instatintents. If under paragraph 18 hereoi the rrutxrty +, acyuued b~ I coder, all right, ti[fK and inrerr~t of Borrower
<br />in and to any insurance policies and in and to the pr;~<ecds thereof resulung from damage to the Property prior to the sale
<br />or acquisition shall pass to Leader to the extent ui the ,urns secured hi [tell DKed of Trust unrnedtatKl} prior w such sale or
<br />acquisition.
<br />6. prvservatba mad Malatenaece of Properly; f.eniehoWs; Corsdomiuiunts; Plantsed Unit Lkvelopmeats, Bon nova
<br />shall keep the Property rn good repatt and shat! not nm+mu westr of p~nnu rmpeum,.~nt sn dctcuor.,tinn of the Property
<br />and ells!! comply with the provisions of any lease if this Deed of l rust rs on a leasehold U [tell Decei of Trust +s un a unit in a
<br />condominium or a planned unit development, Borrower shalt ftKriorm .ttl of BJrrUwKr'; ohhgattons .ender the declarauon
<br />or covenants creating or governing the condominium or plmuxd rant dcselopment, the h} laws and regulauoos of the
<br />wndominium or planned amt development, and ronslrtuKnl docunrcuts li a ondummium or planned amt dcvelopnicnl
<br />rider is executed 6y Borrower and reeerdcd tog¢ther with this feed of i nru, the cuvettants oriel agreements r.t su;h rider
<br />shall be incorporated into and shall amend and soppicnrent the covenants au:} agreements of the, DeKd of [Tull :rs of the rider
<br />werz a part hereof.
<br />T. ptrNectioo of Letsdet'e Security. If Borrower farts to perform the covcnanu :utJ agreements coutamKd in this
<br />Deed of Trwt, or if arty action or pro[:eeding is commenecd which :nutcnally affects Lender's interest in the Properly.
<br />irtehlding, 6ttt net limit¢~ tn, eminent domain: urwlv¢ne}, code enlorccatent, nr arrangements or pruceKdmgs }nvoNutg .1
<br />haakrupt or decedent. then Lender at Lender's apGan, upon twueK fo Borrower, may make such appKaranc0s, oiishursK such
<br />semi and take sucA acttur. °- :s .necessary rU {{++ elect Lenders rnrcrest; truGrdrng. but real innued to, rlishursentent of
<br />reasonable a[toraey's foes and entry upon the P.ropcrty ro make rcpairn It lender reywted mmtgagr: insurance as ~
<br />condition of making the loan sectued 6}' [tell Deed of Trust, Borrower shu}} pay the prenrtums rcyuired to maintain such
<br />ittfYC>1t[eC in [Beet un'il such tutu as 3h¢ requirement for such insurance !ernunat ~ m accordance with 8errower's and
<br />LCndef'i Written agreement or applrcabk taw. $oaawer shall pa} the amount u! all mortgage insurance preneiums in the
<br />tnasrter provide) under paragraph 2 Hereof.
<br />Aayy.anlaUtlta disbursed hp 1_ender pursuant to this paragraph 7, wuh nxrrest thereon. shall hccnme addiuunal
<br />indpbtednass of Borrower secured by this Deed of Trust Unless Borrower and !.ender agree to other terms of payment, such
<br />athOUrtti shAll be_payaltle upon nWice from I.cnder to fkxruwer requesting payment thereof. and shall t,Kar ~mtcrest (rum the
<br />data of diabitrsement at the fate payable from lilac to time on outstanding principal under the Vote unless payment of interest
<br />at such rife Would be coa[rary tc applicable law, in wftich even) such amounts steal! tzar interest at the highest rate
<br />pel`mifrible umler applicable law. Nothing amtainKd in this paragraph 'shall rcyuire Lencicr to incur eny expense er take
<br />say action herreuader.
<br />d.- ;aBptzllan. fxndtr may make or cattle to be snad¢ rcasunabie cntne5 up.,n anJ mspKC:uon•. of the PropKrtY, Prr,s isle)
<br />[Apt Lender shall [ire Borrower ntshce prior to any such insp¢tti,~n spKUfyiug rea.onatrle kansK th~retoi ret:,reci to i rnder's
<br />inferpl in the Prattmv.
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