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<br /> UNIFORM COVENANTS.Borrowsr and l�ndsr covenant nnd egrRe at lollowa `�'��,—
<br /> ` � �, p��M W pdnclp�l �nd IntNNt. 6orrower ehell promptly pay when due the princlpal ol and mtereet on Ihe ' _��- _
<br /> q IndabtednnsevldsnuKlbylheNote,p�r��paym�ntandlatecha�yeea�provfdedmlhallot�.andthsprmnipalolandlntoreston
<br /> � �ny Futur�Adv�ncn tsaur�d by�hs DNG of Tru�l. �:���-; --
<br /> � � Z. R�nd��pTvcMind�n�anee�.Bublsctlo�ppliceblelowArtoawrltlenwaiverbyLender,8prrowerahallpaytoLender � - . _
<br /> on thedsy mo�thly fmt�llment�ol princip�l a�d int�restars payebla under the Note,untll ths Note ip pa�d 1n lull,a sum(ho�eln
<br /> "Funds")equal to ons-tw�lfth of th�ywrly toxae and oesooements which moy arieln p�iorlty over this Deed pf Truet,end �
<br /> � yround nnb on ths Properly,if�ny,plus one-tw�lflh of yearly preml um installm�nts for ha=ard msurence,plue one-twelRh ol _
<br /> yea�ly premium insallm�nb lor moApape inw�ance.tl any, all as reaeonebly e�limatsd�nitially and from Ume to tfma by ,.,,f�_ ��
<br /> � L�ndsr on ths b�sis of auusm�nb end bill�and�eaeonabla e�dmetes ther�of.
<br /> Ths Funds�h�ll b�h�td In�n instltution the d�po�lteoraocounta ot which are inau�ed or yuaranteed,by a�ederal or atete ; S >'
<br /> opency(includinp L�nder il Lender Is such an institution�,Lender shell apply the lunds topa y oaid taKes,esaesaments, �
<br /> � Imurancepremlums�nd�rou�d rents.Lender mey�otcharga for so holding and epplying the Funda,analyzmp sald accounl
<br /> ,, orverllyinp�ndcompllfngsaldasseumentaendbilla unlesaLenderpaysBorrowerintere�tonlh�Fund�endappllcablelew
<br /> ;• pe rmits Lenderto make auch e cherye.Borrower and�.ender may agree in writing et the time of exeoutlon ol this Deed ol Trual
<br /> , I thst interat on th�Fund�ahell be paid to Bor�ower,and un{ees such ayreemenl ia mede or appUaelbe law requires such =
<br /> interest to bepa Id,Lendsr ehell not ba required to pay Borrower any interest or earnings on the Funda.lender shall qlve to
<br /> • Borrowsr,without charQe,a�ennuel accaunting of the Funds ahowing credits and de6ils to tha Funds and Ihe purpoae for
<br /> which aach debit to tho Funds wes made.Tha Fundsare pledged as addilfonal security for the eum4 aecured by this Deed of �
<br /> Trun�
<br /> * If the amount ol the funds held by Lender,toyether with the lutu�e monthly installmenta ol Funda payable pnor to the due
<br /> ! dates of laxes,eat�asm�nts�insurpnce premiuma and ground renta,shell exceed the amount required to pey said tuxea, � r.v:--, -,
<br /> essetsmonts.Inaurence premfuma and ground rents as they lall due,auch excess ahall be,at Borrowe�'a optbn,either �y�.;�•-,•F.
<br /> � prompUy ro�sid to 8orrower or credited to Borrower on monthly instaNmenW ot Funds.U the amount ot the Funds held by . J�`�� --
<br /> � I.endo�shW notbsaulliclenttopaytaxea,aesessments,ineurencepremfumsandg�oundrentsaathayfAllduo.8orrowerahall ��; . ,,
<br /> pay to Lende�any emount neceaeary to make up the deflciency withm 30 deys rrom the date natice fs me�led by Lende�to '
<br /> Borrower requestinp paymsrd th�reof.
<br /> Upon payment in lull of all suma eecu�ed by this Oeed ol Truat.Lender shall promptly relund to Qorrnwer any Funds held by � ,
<br /> Lender.II under perapreph 18 hereolthe Properfi►is sold ar the PropertY is otherwise acqulred by Lende�,Lender shall apply,
<br /> no leter then immsdMtely prior to the sale ol the Properly or ita acquisition by Lender,end Funda held by Lender al the lime ol ^ �
<br /> ppplicetion aa e credit aqelnat the aums aecured by this Deed oi Trust. . ��,y,-._
<br /> 3. Applicatlon ot P��b.Unless appliceble lew providea otherwise,all paymenta received by Lender under the Note •:
<br /> and pe►agrephs 1 and 2bereof ahall be epplied by Lender Ilrat in payment of amounts payable to Lender by Borrower under �
<br /> parapraph 2 hereof,then to fntare�t payable on the Note,then to Ihe pri�cipal ol the Note,and then to iMerest and prmcipal on +�.'°_
<br /> any Future Advancea. '
<br /> 1. Ch�r�M;Wn�.Borrowers ahell pay all taxes,asseaements and other chargea,lines and Impos�tiona atlributable to the ..�
<br /> PropeAy which mey atfaln e prlorihr over this Deed ot T►ue�and leesehotd peyments or ground renis,il eny.m the manner
<br /> • provided under peraQraph 2 hereol or,if not paid in auoh menner,by Qorrower mekf�gpaymenL when due.directly to the
<br /> ! payee thereof.BorrOwe►ahell promptly fu�ntah to Lender all notfces of amounts due under thfa paregraph,and in the event �
<br /> t tionower ahali meke ireytnent d�recilY.8arrauor afiss!!prQtflptly IUfnf�h t4 LBr!deI fAG?igf8 evidencing 9uCh peymeMs.
<br /> �� � Borrower ahall promptly diache�ge any lien which hae pdority over thls Deed of Trust;provided,that Borrower ahall nat be . ���:-a
<br /> f required to dfacherqe any such lien so long as Borrower shall apree in writing to the peymentof 1he obligatlon secured by such i.�;
<br /> �. Ifen in a menner acceptebte to Lender,or ahall in qood tallh contest auch lien by,or delend enforr,ement ol such Nen in,leyal
<br /> proceedings which operate to prevent the enforcement o1 the Ilen or toAeiture of the Property or any part thereot
<br /> 5. Hu�rd In�uranc�.Borrower shell keep the improvementa now exfating or hereaRer ereated on the Property insured
<br /> againat loaa by 8re,hazards included within the term"extended coverage",and such other hazArds as Lender may requfre �
<br /> � I end in suCh emounta end 1�r such periods as Lende►may require:provided,that Lender shall not�equire that the amount of `
<br /> � such coverage exceed that emount of coverape required to pay the suma secured by thla Deed of Trust.
<br /> Thfa Inau�ence carrler provlding the Insurance shall be chosen by Borrower sub�ect to a proval by Lender.provided,thet 'f
<br /> undeaparapeeph 2�hereof o►,If not pebdyn s ch�menner,by Bonow�meki^g paymentgwhe due�dfrectly to the insu ance
<br /> I carrler.
<br /> � All insurance pollciea and renewels thereot shall be in fo�m acceptable to Lender and shall include a atandard mortgage
<br /> clause in lavor ol and in form acceptable to Lender.Lender ahell have the nght to hold the poliGas and renewals thereot,and
<br /> I Borrowershall prom�tlyfurnfah to Lenderall renewal noticesand all recefptsof pald premtuma.ln the event of Ioss.Borrower
<br /> ehell gfve promp1 not ce to the Insurance carrler and Lender.Lender mey make proot of loss d�ot made promptly by Bwrower.
<br /> ' UnleasLenderandBorrowerotherwlseagreeinwriting,inaurance�roceedsshallbeappliedtorestoretiono►repefrotthe
<br /> Propvrty dameged,Pravlded such restoratfon or repair Is economfca(ly feaslbte and the securNy ot this Deed ot Truat is not
<br /> thereby Impalred.If such re9loratlon or repalr fs not econornlcelly feasWle or if the securiry ot thls Deed ol T�ust would be
<br /> Impalred,the Inaurance proceeds ahall be applled to the surns secured by this Deed ot Trust,w�th the excess.i1 any,pefd to
<br /> � � 6orrower.If the Property ia abandoned by Borrower,or II Borrower lalls fo respond to Lender wilhln 30 days lrom the dele
<br /> not{ce is malled by Lender to Borrower that the inaurence carner oNers to setlle a�laim for insurenca benefits.Lender is
<br /> I authorized to collect and apply the fnaurence proceeds at Lender's optfon efther to restoration or repa�r of the Property or to
<br /> the eums secured by ihis Oeed ol Trust.
<br /> , Unleas Lender end Borrower otherwlse agree in writing,any such applicatfon ot p�oceedsto pnncipal shall�ot extend or
<br /> � ostpone the due date o11he monthly instellments referred to In paragraphs 1 and 2 hereot or ahenge the amount ot such
<br /> Pnstellments.M under paragraph 16 hereof the Property fs acqu�red by Lender,ali nght,title and�nterest ol Borrower in and to
<br /> '� any fnsurance pollcles end In end tothe proceeds therea�resulting from damage to Ihe Property pnor to the sele or acqulsitlon
<br /> i shall pasa to Londer to the extenf o1 the aums secured by thls Deed ol Trust Immediately pnor to such sale or acqwsitlon.
<br /> ' ^ g, pMS�rv�Qon�nd MdnNmnc�01 P►op�rly:L��s�holdt;Condominlwns;Plann�d Unit DevNopm�nb.Borrawer shall
<br /> keep the P►operty fn good repair and shell not commlt waste or permlt impairment ot deterioratlon o1 the Properly and ahall
<br /> comply wlth the provisions ot any lease ff thfa Deed of Trustis on a leasehold.If th�s Deed ol Trust�s on a umt in e candom�rnum
<br /> � or a pianned unit development,Bor�ower shell pertorm all ot Borrower's obligatlons under Ihe dectaretion or covenants
<br /> � creattng or goverMng the condommwm or plenned urnt development.the by-laws and regulat�ons o11he condominium or
<br /> ; '} planned unl�development,and constituent documents.II a condammwm or planned unit developmenl nder i9 exCUted by
<br /> �i� Borrower and reCOrded fogelher with thls Oeed ol Tru st,the covenants and agreements ot suoh rider shall be mcorporated
<br /> .� Into and shall amend and supplement the covenants and agreemenls ol thfs Deed ot Trust ps�1 the nder were a part hereot.
<br /> jt t: 7. Prot�edon 01 L�nd�r's S�curtty If Borrower fails to p ertorm Ihe covena�ts and agreements contained in tAis Deed o1
<br /> Trust,or If any ectfon or proCeeding is Commenced with meterlAlly nflecls Lender's interest in the Property.including but not
<br /> �� I Ilmited to,eminentdomaln,lnaolvency,code enforcement,or arrangements or proceed�ngs�nro�vmg a bankrupt or decedent.
<br /> then Lender at Lender's aptlon,upon notice to Borrower,may make such appearances,d�sburse such sums and take such
<br /> � action as fs neCessary to protect lander's mterest.including,but not I�mited to.disbursement ol raasonable atlorney's fees end
<br /> � � � entry upon the Properly to make repairs.It lender requ�red rnortgage�nsurt�nce as n condit�on o1 mak�ng theloan secured by
<br /> the Deed ot Trust,8orrower shall pay the premiums requi red lo mamtain sucn msuranco m eHect unt�l such t�mo as the
<br /> requfrementtorauchinsuranceterminatesinaccorda�cewithBorrower'ss+ndLender'swntton�greementorappI�calbeiaw
<br /> Borrower shall pay the amount ol all mortgege msurence permiums m the manner prowded under paragraph 2 hereof.
<br /> e.,u amounts disbursed bv Lender pursuanl to Ihis paragroph 7, w�th interest thereon, she�� beCOme addit�onAl
<br /> � indebfedness of Borrower secured by this Ueed ot t rust uniess borrower and�e�der agrev io ui��n<<m��„�:Na����a��S.�::;.:
<br /> amounb shall be payable upon notfce Irom Lender to 6orrower requesting payment hereof.and shall be�r mterest Irom Ihe
<br /> date ol disbursement at the rate payable lrom t�me t�ti rne on outstanding pn�c�pal under Ihe Note unless payment ol mterest
<br /> at such rate would be contrary to appucable law.�n which event such amounts shall bear mterest�t the n,ghest rnte
<br /> permissible underappllcable law.Nothing contefned�n 1h�s pnrngrnph 7 snau requ�re L�nder t0�nCUr any expense or teke any
<br /> ectfon he�eunder.
<br /> •. IMplCNon.Lender may meke Or Cause to be made rc3asonnb�e enlnes upon:�nd mspetUons ot the Property.prov�drd
<br /> that Lender shell grve Borrower not�ce pnorto any Such�nsqech�m;p��cdymq rN;jsan,ible c,�usether�tor��fPl,�fk'd 10 Ll�f1ON1 1
<br /> j interest m the Property.
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