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Usriraitat ~'ovtshartrs, Borrower grid ~~rtder ccivenant ai:d agree zs foilowrs: ~,} ~ ~- ~3 ~! ~ r ~ ~`
<br />1. i'ayrraest ~ PeisW.~l~ sad Entarssta Borrower Shall promptly pay when due the principal of and interest on the
<br />Ir~estr;dness evidenced by the Note. prepay[nent and is*.e charges as provided In the Note, a[sd the princrpat of and interest
<br />ore artg° Future Advances secured by tEiis Deed of Trust.
<br />2. 1F'saede ter 'l'ease tsd t'aace. Subject to applicable taw or to a written waiver by Lender. Borrower shalt PaY
<br />to Lender on the day monthly installrttenis of principal and interest are payable u:tdtr the Note. until the Nac is paid in full.
<br />a sum {Sxttir? "Funds") equal to tote-twelfth of the yearly taxes and assessments whtth may attain priority over this
<br />wed of Trust, and ground rents an the Property, if any, plus one-twelfth of yearly pretnium installments for hazard insurance.
<br />plus ore-twelfth of yearly premium installments for mongagt insurance. if any, atI as reasonably estimated initially and from
<br />time to titre by Lender on the basis of assessments end bills and reasonable estimates thereof.
<br />The Fund shall be held in an institution the deposits or accounts of which arc insured or guaranteed try a Federal or
<br />state agency {itmtuding lender if Lender is such an institution). Lender shall apply the Funds [o pay said taxes, assessments.
<br />itsurance ptxmiums and ground :eats. LeixEcr may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying and compiling said asacsaments and bills. anlefs Lender pays Borrower interest on the Funds and applicable taw
<br />pptci'mits I.en~r to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Dced of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable !aw
<br />requires such interest to be paid. Lender shat! not be required to pay Borrower ang interest or earnings on the Funds. Lender
<br />shalt give to Borrower. without charge. agannual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as aild'etianal security foe the sums secured
<br />by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the faturc momhly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shat! exceed the amount required to pay said taxes.
<br />asttldsmettts, itiwrance premiums and ground rents as they tall due, such excess shall he, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installmrnts of Funds. If the amount of the Funds
<br />held by Ixrider shall not bt su;ricient to pay taxer. assessments. insurance premums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Leader to Borrower rcgtteseing paytixnt thereof.
<br />Upon payment in tali of all sums secured by this Dted of Trust. E_ender shall promptly refund to Borrower any Funds
<br />held by Lender If under paragraph 1R hereof the Propeny Is sold or the Property is otherwise acquired by Lender. Lender
<br />shall apply, no later than immedtatdy prior m the sale of the Property or its acquisition by Lender, any Fonds held by
<br />Lender at the titre of application as a credit against the sums secured by this Deed of Trust.
<br />3. ApflleaNntt at Payttnents. Unless applicable law provides otherwise, all payments received by [.ender under the
<br />Note and paragraphs 1 and 2 hereof shall rte applied by I ender fiat in payment of amounts payable to Lender by Borrower
<br />undee paragraph 2 hereof, then to interest payable on the Note, then to rht principal of the Note, and then to interest and
<br />principaE on any Future Advances.
<br />A. ('`atg+ea: (.teem. Borrower shag pay all taxes, issessmems and other charges. fines and impositions attributable to
<br />the Property whrch may attain a priority over This Deed of Trust, and leaxhold paymend or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof ar, if not paid in such manner, by Borrower making payment. when due, directly
<br />to the payee thereof. Harrower shall promptly furnish to Lender all nattces of amrsunts due under this paragraph, and in the
<br />event Borrower shat[ make payment directly, Harrower shall promptly Cornish to l._ender receipts evidencing such payments.
<br />Borrower shaft promptly discharge any lien which has priority over this [Xed of Trust; provided. that Borrower shall na be
<br />required to discharge any such Iten so {one :ts Borrower shalt agree in writing to the payment o€ the obligation secured by
<br />such lien in s manrxr acttptable to E_ender, or shall in goal faith contest such lien by, or defend enforcement of such lien in.
<br />kegs! proceedings which operate to prevent the enforcement of the hen or forfeiture of the Property or any part thereof.
<br />i 13mtd It~rrrtoce. Borrower shall keep the Improvements now axisnng or hereafter erected on the Property insured
<br />against Ieras by flee, harsrds included within the term "extended coverage", and such other hazards as I..ender may require
<br />and in such amounts aiid [or such periods ati Isnder may require; provided, that [.ender shall not reyywee that the amount of
<br />such covtrttge exceed that amount of coverage required to pay the sums secured by this L)eed of Triist.
<br />TAe insurance carrier providing the insurance shall he chosen by Borrower suhtect to approval by Lender, provldeJ.
<br />that sttc6 approval shalt no[ tx unreasonably withheld. All premiums on insurance policies shall he paid in the manner
<br />provided trader paragraph 2 hereof or, if not paid m such manner, by Borrower making payment, when due, directly to the
<br />it;Q,ttt'ariee carrier.
<br />All insurance pdicita and renewals thereof shall be m form acceptable to Lander and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. i.ender shall have the right to hoW the policies and renewals thereof.
<br />and Borrower shall promptly furnish to Lender all renewal notices and all recnpts of pail premnims. In the corm of loss.
<br />Bcrrtt shat! gins pro.:. nt'tis:e to the tcisur_roc~ cazratr arrf E-eau: r. E_cnikr may [Hake proof of his ,t nos made promptly
<br />by HlltTOwer.
<br />Unless [.eratitr seed Bornnsver otherwise agree in wrung, insurance pn+ceeds shall ire applied to restoration ur repair of
<br />tht Ptt~erty dnn7s~d, [~roviritd stitch restoraiton ur repair :s ecuixsnu alit feasible seed the security c+f this DreJ of Tr€rst is
<br />reel th+=reiiv irrlpa>:rid. Ei xt~h tCStorattr_~ _:r rr~tr rs aFZt t~can~,mtcally ig~_61e or~ ,t t[tC ~_u€rtv et the: ter .,t -['rus! wou'sd
<br />FrC irripairctf, !hc itt~raiei-e psue:tad3 shall !~ appfs:*al to the sums +t4urcd by this LtCrd of Trust. with the Cc.~e€s, !f any. paid
<br />to rr rAx 4.~r,.~n:v ~h4;,,a,.tR q ~ g. ,t u . - _ - _ _ - ~ ::T d~}'s fries i -
<br />~e^r. .,~. 'S .. 1`; Y 'mot. i1r .i _ .;'~~ -- :._ °'S~i t,~ ; !__ . r 4z9.: s:: "-
<br />Watt rxn:ct i%matteit ~ t_tTidar to IS('irri3wi;r that the in?CUPa[att lliiPPler ,tler5 il1`4rrtlc ll atalm`rOI''Inlnfani"e rteflenls, l.ellskr
<br />:R aL-~'..3..~-• to cis:~.a ~~ a~g '~~ .~_ ~.,.r :t,~~ r:11f4~.4.,3 :tt «;{wt ~ `.:p~tri=.e 4..es~a .,, rC3#.:r~xe~r, s`e -F°ii a=! sr._ °3 L!FcS{y
<br />or to theiat?nm stxtii^ea9 Etv tEti~ 1'kcsl csf'Trus
<br />Unless i.ender nrid ~rro,!tior otherwise agree in writing, any wch application .+1 pnxceds to principal shall not extend
<br />or postpone the due daft of the monthly instalhnenu rrlerred to in paragraphs 1 and '_ hetrut or change the amount rat
<br />such installrnenls. if titider paragraph I K herein the Property a acquired 'ray I.rnJer, ;JI right. title and interest rat Borrower
<br />in and to any insurance policies and .n and to the pntcrcds thereof resulting tram Jamage to the Property pour to the ,ale
<br />or acquisitiai shall pass to Leader to rite extent of the sums secured lay this Deed at Crust unmedmteiy pour to such sale ur
<br />acgtusttion.
<br />tX 1'reeervtttisw and l4fla6~tewwtce oI Prtperty; Lrasehtil~: t.'ondeminiems; Ptaaaed Uair IkretoPaveats. Burrower
<br />shall kcep the Property In gout repair aitJ shall not ~nnnnu waur .,r txrnw imp:unnem +r Jctruoriuon of the Property
<br />and sha[I comply with the provisions of any lease If this [~rJ of l~nlsi a on a leasehold. 11 this l?ceJ of "lYust n on a ttnrt m a
<br />corttkrminium or a panned unit development, [kirruwer shall prrlurm :ill of Borrower's uhllgatinns under the JecMaratiun
<br />or covenants ctcating or gswerning :hc rondomniium or planiteJ amt Jcvelopmem, the t+y-taws anJ regetlatiarrs of the
<br />u:~.sminium ar plaitn«J trait devtlopr~n:, ar.d "unst;tu::rt drtiumrnts. if a coud~,raainium or planned anti deselopment
<br />r1dEi 1] C%tcnled by Htnrawer anJ recordcJ together wnh thin Dted of [rust, the rovrnunts aril agrrcntenK rat arch rider
<br />shalt be incorporated into and shall artitnd anJ suppltrrrem the covenants :utJ agreenarnts of this OMeJ of "Trust ;u if the enter
<br />were a part hereof.
<br />T. i iif t.€ad€re ~suitY. 1f Harrower faik to perform [tie covenants anJ agreements ~untamrJ to this
<br />f)eesl of Tntst, or it city action or proceeding is swuntrrxcJ which materially at[ects Lender's intrust rn the Pmpeny,
<br />inctttding. Iwt not limi4pd to, eminent domain, insolvency, Ludt enforcement, or :irrangerttents ur priceedings involving :i
<br />Mnkrupt or dra'edent, then Lenrkr ae Lender's option, upon nonce to Burrower, may make such appearances. Jishnrsr wch
<br />stems and take such action as is necessary ro ontiect E,cnder's interest. ~ncludtna. but not limited !u, JisL•ursement of
<br />rcauuts6k attartxy's fees and entry' upon the Trol}erPy to make repairs If Lender required mortgage insurance .ts .i
<br />cnrw;iti.~n r,f !tsaai`~ t[x loci! • .v i by th ; E~1 :;f T~ru:t. P,ottuw€r stsat; pa;; :hs pep naiutn, ,~.-;u;rrd to m:;intain. I4h
<br />iitstuance in effect omit with lime as the re+gwromein for such insurance tennntalrs ua aca,rJancr with Borrower's .toil
<br />Lent4Er's written agrcetricnt or applicab[e law. Borrower -shah pay the anatum .+i aIi nxtrigage insurance Isremmnis ,n rise
<br />ttianatr provided iitttier paragraph « herecrt.
<br />Anv atrtounis disbursed by t_cnder pursuant to this paragraph 7, wnh interest thcreort, shall heroine additional
<br />ittdsbtesfttr~ of Borrower ~umi by this !>~ii of Trust L,!nless Borrower and !.ender agree to oths`r temts of payrnrnt. +uch
<br />amtxants shall ere dyable uerin ttcxice from Lender to Barre±wrr reruestirg payn~rat ll~rcof, and olio;; t><ae mietes: tr;sni rhr
<br />daicolursataartt at El;;rirale payab[e from tiit[t to time on outstanding pnncrpal under flu Note unless payment of intrust
<br />at wch rate svawld rte contrary to apphca$le law, in which event such amounts shalt Feat irtercs! at the highest raft
<br />permissible uasd€r appiicabft taw Notting contaiixd in this paragraph 7 shalt reyuire tender to Incur any expense or take
<br />tuty action Poar~xltY.
<br />il. hsAactaie6. Le»det tray make or .ease nr ter naadt reesoaabtc .?ratnrs opals soil irisp±^cl:e±rrs of flu Pn;r.,.rty, pruviskJ
<br />Chas Isartlier shat[ give Brrrras~r na:tce pries ter an} cosh inspci:tion spec;fying ri:asonahlr cruse tEierrtsir rrlatrJ t:, i cnder's
<br />roHrrrtst in the Frolslvav_
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