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<br /> I�NIFORM COVENANT3.Borrower and Lender covenonl and agree ac followa or a. � '•4;�?;•—
<br /> � �, P�y�n�n1 a)PrMalp�l �nd InNr�� 8orrowe►ehell pramptly pey when due the princlpal ol and inleroet an the � �,;
<br /> Indsbt�dnatwid��c.�dbylhe Not�,pnpa m�nt and lat�charqesa�provWod in tho Not�.and the pnncfpel ol pnd intueft an ,;.-w�.�-:,
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<br /> _ ony Futurs Adv�nces secursd by the�of Truet. .,: �`��" `-.
<br /> � Z, p��lo�T��nd�nsiu�nc�.Sub ecl lo oppiiaabte lew or to A wriBen waiver by L ender,Borrower ehell pay lo Lsnder �.:...,.�--N' y
<br /> , on tha d�y monthly In�hMmenbof princlp��antl intirettars payeble under Ihe Note,un1U the Note 1e p�id In lull,a sum(hare�n 4},�,��
<br /> "Funds")e4���to ons-fwdith ol th�yearly tixe��nd assesementt Nhich mey elte�n prforlty over thfs Deed of Truet,end +-.
<br /> '� pround rentson the Property.il eny,Plus one•twelRh ofyeerly p�emlum instellments for he=ud Insurance,plus one-tweltlh of � , '•�
<br /> yearly p�smium insfallments for mortpape infurance,if any,e11 as reasonebly eatfmated Initlally And lrom tlme to tirna by
<br /> � lender on the ba�is of ass�ssM��ts end bflle�nd reaeonable esdmptes thereot.
<br />� �� The Fundt shdl be heldin an In�lltutlon thed�posib oraccouets o1 whiChare Insured a puerantaed.by a Federel or 9tate , - _
<br /> + agency(includinp Lender if l.ender is suoh an Inftitution).Lender ehpll apply the lunds fo pey�aid lexes,assesemenls, ,.--
<br /> Insurancepremiumaendproundrenta.l.endermay notchargeforaohaldingendapplyingtheFunde.analyzing�a�daccount - . -.•�� --_
<br /> or verilyinp�nd complllny rald esaesements end bllls unless Lender pays 8orrower intareM on the Funds end applic�ablelaw t -..
<br /> ,.: pertnitsLendertomekesuchachnrge.BonowerandLendermayaqreeinwrltingattheNmeofexecutfonol/hisDeeqofTrust � ,
<br /> that interest on the Funda shall be paid to 9orrowe�,and unlefs such egreement fa mede or app1lcalbe law requlres auch � �
<br /> :• Intereat to be paid,Lender shall not be required to pay 9Orrower any fntersat or eernlngs on the Funds.Lender shall�ive to �,,
<br /> w� Bortower,without charge,a�annuel accouMing ol the Funds showing credits end de6ite to the Funds and the�urpoae lor ' . �
<br /> � which each dabitto theFunds was made.The Funds are pledyed as edditfonel securlty for the sumf secured by hif Deed ol � : -• '•�•�' �
<br /> �4 � � Tru�L � 1:�..::_ =
<br /> II the amountof the lunds hald by Lender,toflether with the lutu�e monthly inatallmente of FundB payable prior to the due
<br /> i datea ot taxef,atseasmenle,Imurance premfums ar�d ground rente,shall exceed the emount requfred to pay eald texes, ;
<br /> asaesamantt,ineurance premluma and graund renla es they fall due,such excess ahall be,at 9orrower's optfon,ellher 1 . •��`-':
<br /> pramptly repaid to 8orrower a credited fo Borrower on moMhly Installmente ol Funda.If tho amount ol the Funda held by ..
<br /> LendershellnotbesuifiCienitopaytexes.asseasme�la,inBUrencepremiumsandg roundrentsasthe telldue.Borrowerehall
<br /> pay to Lender eny amounl necesaary to make up the dellclency wilhin 30 days rrom the dete notice is mefled by Lendar to � ' �`''�*.�'�
<br /> Borrower�equeatfn�payment thereof. �w �
<br /> Upon peyment in full otell sums secured by thls Deed of Trusti Lender shall p��mptly relund to Borrower any Funds held by � -- ,�_
<br /> l.ender.It under pa�ap�aph 18 hereof the Prope�ifi Is sold or the Properri le otherwise acquired by Lender,Lender ahell apply. , ,.,:��--
<br /> no leter then Immedfately prior lo ihe eale of fhe Property or ita acqulsitfon by Lender,and Funds held by Lender at the time ot , ti�±�'
<br /> � application as a credit e�qalnat the aums secured by thia Deed of T�us� ''
<br /> 3, ApplleaHon o1 P�rm�nb.Unless applicable law provides otherwfse,all peyments received by Lender under the Note S � `�!�.��
<br /> ' and paragraphs 1 a�d 2 hereof shell be appHed by Lender Iirat fn peyment of amounts payable to Lender by Borrower under �,�,.
<br /> � paragreph 2hereof,then to interest payeble on ihe Note.lhen to theprincipal of Ihe Note,and then to interest and principel on —
<br /> eny Future AdvanCes. . . . ;
<br /> �. Ch1uq�s,Ll�ns.9orrowers shell pey all taxes,assessments and other charges,linea and�mpoaftions attributablo to the
<br /> p�pperty whlch may ettefn e pdorlty over this Deed ot Trust,and leasehold peyments or ground rents,it any.in ihe manner
<br /> «tool ar It nflt afd In euch menner.by Borrower making payment,when due,d+rectly to the �..�
<br /> � provided undar peia$reph 2 he�3 R
<br /> �•� . payee thereof.Borrower ahall promptly lurnish to Lender all notfces ot emaunts due under tnia paregraph,end in ihe evari ��-
<br />' � � Barower shell make paymeni directly,Barower shall promptly furniah to Lender receipts evidencing such payments.
<br /> � Barrower ahall promptly discharge eny Ilen w�ich has priority over thfs Deed of T�ust:provided,that 8or�ower shell not be
<br /> � required to disahargeanysuch Ilen so long es Borrower ahell agree in w�itfn�to the payment ot the obligatian secured by such
<br /> lien in a manneracceptable to Lender,or shell in 9oad fafth con/est such lien by,or defend enlorcement of such Nen in,le9et ��
<br /> � proceedin9s whlch operate to prevent the enlorcement of the lien or foAe�ture of the Property or any part thereof.
<br /> •� � 6. Nl�sard In�ur�ee�.9orrower ahall keep the imp�ovements now existing or hereaNer erected on the Properry inaured -f .•
<br /> agefnst losa by Il�e,hetards included withfn the term"extended coverege",and such other hazards as Lender may require ,
<br /> + � and in auch amounts and for euch periods es lender may require;provided,thet Lender shall not requue that the amount at :
<br /> such coverage exceed that amount ol coverage reyufred to pay the aums securod by thls Oeed o1 Trust. ;
<br /> This insurance carrier providing the insura�ce sFell be chosen by Borrower aub�ect to epproval by Lender;provfded,thet j
<br /> undeeparag►�eph 2'hereot or,II no�pabd in such man�ner,by Borrower mak�g payme�tgwhen due dlre t y to the insu ance
<br /> cerrfer. 't
<br /> All insurance policlea and renewals thereot ehall be In form acceptable to Lender and shall include a standard mortgege
<br /> clause In favor of and I�torm aCCepteble to lender.Lender shall heve the nght to hold the policfes and renewals thereol,and
<br /> , 8prrower ehall promptly lumish to 6ender all renewal notices and all receipts a1 paid premfums.In the event of loas.Borrower _
<br /> I ahall glve prompt noflce to the Insurance carrler and Lender.Lender may make proot ol loss�f npt mede promptly by Borrower.
<br /> � Unleas Lende�and Borrower olhervulse agree In writing,inaurance proceeds ahall be applied to�estorat�on or repair o1 the
<br /> Property demaped,provlded such restoretbn or repeir fs economlcafly feasible and the securl1y of this Deed of Trust is not
<br /> thereby Impairad.H such restoretion or repair Is not economically leas�ble or if the secur�ry o1 fhla Deed ol Truat would be
<br /> � ' impalred,the fnsurance proceeds ahalt be appllec�to the sums secured by thia Qeed o1 Trust.wNh the excesa.il any,pa�d lo
<br /> Borrower.II the Property fs ebandoned by Bo�rower,or if Borrower tails to respond 10 Lender wfthin 30 days from the date
<br /> notice is mailed by Lender to Borrower that the insurance ca�rier oNers to settle a claim lor Inaurance benetlts,Lender is
<br /> authorfzed to collect end apply the Insurence proceedset Lender's option either to restaration or repa�r u1 the PropeAy or to
<br /> the sums secured by this Deed of TrusL
<br /> Unless Lender and Borrower olherwlseagree i n wrlUng,eny auch application ol proceeds to p�incipal shell not extend or
<br /> postpone the due dete Ot the monthly Instellments referred to in puragtephs 1 and 2 hereol or Change the nmount ol such
<br /> � Installments.lf under paragreph 16 hereot the Prop erty is ncquired by Lender,nll right,title and fnterest ot Borrower�n and to
<br /> any Ineurencepotfcies end in and to the proCeedsthereof resulUng Irom damage to the P�operty prror to the sale or acyulsltlon .
<br /> � ahall pasa to Lender to tt�e extent of the sums secured by ihis Deed ol Trust Immediate�y pnor!o such sale or ecquisltion.
<br /> g, pr�rwNon and Ma1M�nanc�ol Properly:L�afeholds;Condominiums;Planned Un{t Dawlopm�nts.Borrower shell
<br /> ' keep the Property in good repalr and sh811 not cornmit waste or perm�t impa�rment of deterforation of the Properly and shall
<br /> comply wHh the provisfons ol any lease If this Deed ol Trust is on a leasehold.II thls Deed ol Trust�a on a unft in a condommwm
<br /> or a planned unit development,Bortower shall pertorm all ot Borrower's obflgation�under lhe declaration or covenants
<br /> creatlng or governfng the condominium or planned unit development,the by-laws and reyulatfons ot the condominium or
<br /> :f� planned unft development,and constlluent docurnents.11 a condomirnum or planned un�t development nder fa excuted by
<br /> ,;;� Borrower end recordedtogether with this Deed of Trust,lhe covenants�nd agreements ol such nder shell be fncorporated
<br /> �..,<< Into and shall emend and supplement the covenants and agreements ot this Deed ot Truat as if the rfder were a pah hereof.
<br /> 7. ProNclbn ot L�nd�r'�8�eurNy.If Borrower fails to perlorm the Covenants and agreements conteined in this Deed of
<br /> 'i�' Trust,or If enyactlon orp roceeding Is commented wilh matenally HHects Lender's�nterest In the Prope►ty.Includ�ng but not
<br /> �] limited to,eminent dornain,inaol�ency.code enlorcement,or ar�angements or proceedings involv�ng a bankrupt or decedent.
<br /> �7' � then Lender et lender's optlon,upon notice to Borrower,may meke such appearances.disburse such suma and take such
<br /> � 1 � ectlon as Is necessary to protect Lender's mterest.mcluding,but not limitad to,disbursement of reasonable attornoy'a lees ond
<br /> �� : entry upo�nthePropertylomakerepafrs.IfLender reqwredmo�tgage�nsuranceasecondltionotmakinglheloansecuredby
<br /> the UeeC ot Trust.8orrower shall pay the premiums reqwred t0 mamtain Sucli in5uranCe in eHect until 9uch IIRfe 88 Ihe
<br /> , raeulrementforauChinsuranCeterminatesfnaCCadencew�thBorrower'sandLender'swnttenapreementorappliCalbelaw.
<br /> ..�.�...r.n�u•nnronranh 9 hwren}
<br /> j ' Boirower aheM p8y Ih@emOU�t OI911 rtlOrtgBge�nsuran�n Nnr�Yiiu�7�5 i��:�a-�r-�:;.:�.•....-.:••--• �-.-o -� �-
<br /> � ; Any Bmounts disbursed by Lender pursuent to this paragraph 7, with �nterest thereon, shall become additional
<br /> ; indebtednesaof Borrower secured by thia Deed of Trust.Unless Borrower end Lender agreo to other terms ol payment,such
<br /> amounts ahall be payable upon notice lrom Lender to 8orrower request�ng payment hereof,and shall bear interest Irom the
<br /> date of dl9buraement atthe rate payable Irom Umeto time on outatandmg pnncipal unde�the Note unless paymenl ot�nterest
<br /> � I et such rate would be contrary to applicab�e law, in which event such amounts shall bear�nterest at the highest rate
<br /> f permfssfble underappllcable law.Nothmgcc+ntained m th�s paragraph 7 shall reqwre Lender to incur any expense or take any
<br /> � ectlon hereunder.
<br /> 8. In�plCtlon.Lende�may make or cause to be made reasonehle entnes upon and�nspections ul the Property,prowded
<br /> ' i that lender shall give Bo�►ower noUtepnor toanysuch�nSpecUon spe�•��y�ng reason:�b�e r.auselherelore re�atedto Lendei�s
<br /> j� � �nterest m the Properiy.
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