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<br /> � � �: 92��-�1�)216�� _-
<br /> • � UNIFQRM COVENANTS.9orrower and Lender covenant ond agree es louowa • =
<br /> � 1. Paym�nl ot Pelnelp�l aed In1�rN1.Borrower ahn11 promplly pay when due the pr�ncipel ol and mterest on the �..
<br /> �, � indebtedness evidmced by th�Note,prepe ment end lete charqea a�provided m Ihe Note.and Ihe pnncipal ol and interest on _
<br /> � � any Future Advwnces tacurW by the�01 Trufl.
<br /> .t 2, Fund�la T�xM�nd Inwt�lfe�.Sublec!to appllcable lew or lo a wnpen wawer by Lender.Borrower ahall pay to I.endor
<br /> on the dey monthly insl�llments of pnncipel��d Interesl are payable under the Note,unt�l the Note Is pa�d in lull,a sum(herein
<br /> "Funds")equal to on�•twellth ol iho yearly teRes end eaaeaemenis which may apt�m pnonty over this DeeQ ol Trusl.and
<br /> � � ground renb on Ihe Prop�Ay,lf any,plus one-twelflh ofyearly premium mstellments for hazerd msurance.plus one-twelith of
<br /> yearly premfum Imtallmenb lor mortpaye Inyurance,il any,all a8 reasonably estlmeted initielly and from time to time by
<br /> ' Lender on the bails ot esseumonts endbllla and reasone�le eatimatAS rhereoL
<br /> The Funds ahall beheld in an InaUtutlon the dopoaits or accounta ol whlch ere insured or guaranteed,by a Federal or atate
<br /> apency Nncluding Lander 11 Lender It auch en imtitution).Lender ahell apply the tunds to pay sald taxes,assessments.
<br /> ineurance premlums end pround renta.lender may not charge for so holding and applpng the Funds,analyzmg said account
<br /> ' or verllyf�p and eompllinq�ald assee�ments end bllls,unlesa Lender pays Borruwer Interest on the Funda and applicable law
<br /> ;• permits Lender to make such a chnrge Borrower end Lender mey agree in wnling et thetime ct execution ot this Deed ol Trust
<br /> that interest on the Funda ehall be peld to Borrower,and unless auch agreemenl is mede or apPlicalbe law rdqu�rea such
<br /> � � intereat to be pafd,Lender shall not be required to pay Borrower any interest or earrnngs on the Funds.lender shall g�ve to
<br /> � Borrower,without cherge.an annual accounting of ihe Funds show�ng cred�ts and debits to tho Funds and the purpose tor
<br /> which each d�bitto theFunds was made.The Funds are pledged as additfonal secunry for Ihe sums secured by th�s Deed ol
<br /> Trust.
<br /> II the emount ol the lunds held by Lender,togelher with the future monthly installmonts ol Funds payable pnor to the ue
<br /> detes ot faxes,assesementa.�neurance premluma and ground rents,ahall exceed the amount requ�red to pay sa�d taxes.
<br /> essessmenb,Inaurence premiuma and ground rents as they fall due.such excess shall be,at 8orrower's option.either
<br /> � � promptly re��d to Borrower�r credlted to Bonower on monthly mstallments ot Funds.If the amount ol the Funds held bY
<br /> , Lendershal notbesuflicienttopaytexes,assessments.msurencep�em�umsand groundrentsASlheytalldue.8orrowershali
<br /> ,�� pay to Lender any amount necessery fo make up Ihe deficiency w�thm 30 deys(rom Ihe date notfce�s mailed by Lender io
<br /> Borrower requesting peyment thereot.
<br /> � Upo�payment In lull of all aums eecured by Ihfs Deed of Trust.Lender shall promptiy relund to Borrower any Funds held by �
<br /> Lender.Itunderparagraphl8hereoltheProperty issoldorlhePropertyisotherwiseacqui�edbyLender.lendershatlapp�y
<br /> no later than immediately prb�lo the sale of the Property or its acqws�tion by londer,and Fu�ds held by Londet et the time c+
<br /> i applicet�on as a credlt egeinst the sums secured by this Deed ot Truat
<br />! � � � 3. AppQc�Hon ot P�yM�nb.Unleas applicable law provides olherw�se,all payments recerved by Lende�ur�der the Note
<br /> � ' snd parag�aphs 1 and 2 hereot shall be applied by Lender tirat in payment ot amounts payable to Lender by Borrower under
<br /> y � peragreph 2 he�eof.�hNn�o mterest peyable on lhe Note.then to the pnnc�pal of fhe Note,and then to�Merest and pnnupal on
<br /> � � any Future Advances.
<br /> � �1. CharpN;U�m.Borrowera shall pey alltexes.assessmentsand other charges,lines and�mpositions anributabio tu tne
<br /> PropeAy whlch may etfain a prforltlr over ihis Deed ot Trust.and leasehold payments or ground rents,�I any.m the manner
<br /> � provided under pe�agraph 2 hereoi or,il not pefd in such menner,by Borrower makmg paymenG when due,duectly to the .
<br /> r ,.. � payee thereol.Borrower ahell promptly lurnfsh to Lender all notices of amounts due under this paragraph,and m ihe evant
<br /> Borrower shell make paymeni cii�w:iiy,8arrawer �ha!! promp!ly turn+sh!� !wnAar rACe�pts evidencmq such paymeMs
<br /> �� + Borrower ehell promptly discherge any Ilen whlch has pnonty over this Deed of Trust;provided.►hat Borrower shall not oe
<br /> � ' requiredtodlachargeany suchliensolongas9orrowershallagreemwritingtothepaymeMottheobligaUonsacuredbysueh
<br /> '�•, , . 1 Ilen in a manner ecCeptebleto Lender,or shall in good taith contest such lien by.or defend enlorcement o1 such lien m.iegal
<br /> I prxeedings whlch operete to prevent lhe enfo�cement ot lhe lien or to�fedure ot the Property or any part thereof
<br /> S. Has��d Intur�nc�.Borrower shall keep the�mprovements now existing or hereatter erected on th�Property��sured
<br /> ��'' egainst loss by flre,hezerda included wflhin the term'extended coverage",and such other hazards ns Lender may req��re
<br /> I and�n such amounts and tor such pariods ea Lender may requue,provided.that Lender shall not requ�re ihat the amount of
<br /> such coverege exceed thet amount of coverage required to pay the sums secured by this Qeed of Trust.
<br /> Thfs insurence carrier prov�dmg the maurance shall be chosen by Borrower subject to approval by Lender:prov�ded,th�t
<br /> sueh approvel ahall not be unreasonebly wlthheld.All prem�ums on msurance pol�cies shall be paid�n the manner prov�ded
<br /> � under pereyreph 2 hereol or,il not paid in such manner,by Borrow�r making payment when due,duect�y to Iho�nauranCe
<br /> � carrier.
<br /> s � clause�n lavor olanld in Iorm ac epteble lo Lende81Lender shalahave the1eght to hold the pol8fc�es endr eneWA a thereol,gand
<br /> � Borrower shall promp tly 1urm9h to Lender all renewal noticesand all receipt�of pa�d premwms.ln the ovental loss Borrower
<br /> i � shell ive prompt notice to the Insurance carrier and Lender.Lender may make proof ol loss if not made oromptly by Borrower
<br /> � Unless Lender end Borrower olherwise egree in wnling.msurance proceedss�ali be applied to restoration or repair o11he
<br /> � � Property demeged,provlded such restotatfon or repair is econom�cally leas�ble and the secunty ol th�s Oeed of Trust�s not
<br /> thereby�mpalred.N such reatoretion or repair Is not economically teasible or d the secunly ol this Deed of Trust would be
<br /> ' S Impalred.the fneurance proCeeds shall be app�ied to the sums secured by th�s Deed oi Trus�.wlth the excess.�t any,paid to
<br /> � j Borrower.ll the Property ia abendoned by Borrower,or il Borrower fads te respontl to Lender wilhm 90 days lrom tne date
<br /> � � notiCe Is malled by l.ender to Borrowor thal the msurance carr�er otters to setllF a claim for msuranCe Genefds,lender�s
<br /> authorfzed to Collect and epply tha msurance proceeds at lender's opt�on either to restoration or repa�r of the Propert�or to
<br /> � � the sums secured by thfs Oeed ol Trust.
<br /> Unless Lender and Borrowe�otherwlse agree�n wr�t��g,any sucn application ot proceeds to pnnc�pai snall not extend ur
<br /> .� postpone the due date of the monlhly.natallments referred to�n paragraphs 1 and 2 hereof or change the amount of such
<br /> installments.If under peragraph 18 hereof the Property is acqu�red by Lender,all nght,title and�nterest ol Borrower in a�id to
<br /> any in9u►ance pollCles endln and tothe proceedsthereot result�ng from Camapeto the Properry pnor to the sale or aCqu�sdion
<br /> � shall pass to Lender to the exlent ot the sums secured by Ih�s Oeed o1 Trust immed��tely pn��r to such sale or acqwsdion.
<br /> 6. Pns�rv�tbn�nd M�I�t�nance ol propeNy;LQaseholda;Co�dominiums;Planned Unit DevvlopmeMs.Borrower shau
<br /> keep the Property fn good repa�r and shall not comm�t waste or perm�t�mpa�rment ol detenoration of the Property and shall
<br /> comp�y with the provis�onsol any leeae if th�s Oeed ol Trust is on a�easeno�d H th�s Deed of Trus��s on a urnt m a condominwm
<br /> �', or a planned umt development,8otrower shall per�orm all of Borrc�wer�s obhgaUons u��e� the dec�arahon or cove�ants
<br /> creetmg or governing the condommwm or planned urnt deve�ooment.the bY-I�ws and�egulauons ut the Condom�nium or
<br /> ,�# planned unit development.and constituent documents ����ond�mm�um or planned un�t development nder is excuted by
<br /> � BOrrower and reCOtded togethet wdh this Deed of Trust.the cuve�ar+�t�ntl�grNemeMS o�suc;h nder shail be�ncorporated
<br /> I mto and shall amend and supplement the cove��ant�and agreem���u; �'tti�s Deed o''•ust:+:�t the��Ar� w�•�e�,�pd�lltNrP:�t
<br /> ;'���: 7. Prot�ctlon ot Lend�r's$�CUrNy.It Borrower fadg to pe�torm ttie i.�v�nants a��tl �g�eements i:i�nlained���mis Oeed ot
<br /> " Trust,or d eny act�on or proceedmg is commenced wdh matena�•y.N�ei t,Le'�tlPr r,�ntc�r�.t�n the PioperlV �ni IUdi��Out n,�t
<br /> i�� hmded to,eminent domam.insolvency.code enforcemctnt.or a�r 3�c�e^���•!�u�Proceeh�rgs,�voiv���g a bank rupt or aecedene.
<br /> (. then Lender at Lender's opUon,upon not�ce to BOtrower,may make su.���L'���ea�ances.�sDurse such swns and take such
<br /> �f;� aCtiones�snecesserytoproteCtLender's�nterest,�ncluding butnothm�tedt� d�sburseme��totreasonableattomey'steesand
<br /> � eMry upon lhe Property to make repaus If Lender reqwred mortg�qe ins��:i^^e A3 a conddion o�m0k�ng th@,�an secured by
<br /> ,f� , the Oeed ol Trust.8orrower shall pAy Ihe premwms requued W�r,��nt�•�• ,.cn �n,uranco�n eHect unt,� su�h hme as the
<br /> requiremenllorsucli�nsurancetermmatesinaccordancew�th8um�wt�r��a�-��e��Jer swr�neriagreemernorapphcalbei�w
<br /> � , BOrrower shell ay the emow�l ul an mortgage�nsurance P�'rm�u�n����the�>>:tnnr+r provided under paraqi.iph 2 hereof
<br /> ..... .. ...,Qa n�an��rcwd hv Lender oursuant to th�s p:�ragr,�pri %. with intere5t Ihereon_ shall bt�come adtl�hu�_�I
<br /> T � mdebtednessolHorrowersecuradbyth�sDeedolTrustUrnesseurroweranu�r��drr.�y�ar.iirJii�vi:v-+:.�N.+�M��'.���•
<br /> {; I amounts shall be poyable upon nohca trom Lendor to Burrow�r r��qu+�shnq payment hereot.;intl shan b��.i� mterest frcm the•
<br /> � p
<br /> dateOldiSbursementntthe r:+tepayoblel�nbl�nw.��m�h�ch"evtwnt��;uchram ul'dsn�hallhbe r1e tArpsl ut the lugh�st�at�+
<br /> � af such rete would be contr:►ry to app
<br /> � permiss�ble under appheebleiaw N��thing cuntmn�d��������r�����q�-�Pt,�sh:�n rAq����P L i�nd��t�incur�ny e•�pP��sA or lakpany
<br /> � nction hereunder
<br /> I 9. 111�plCti011.Lender mAy n��ke Or CAUSN tnhe�m��t�•rN��son.�hi�.,•nlnr•s upui�.�n�1 intip,�cGuny ul ti�e P�upe�ty.pr�v��1��A
<br /> � ; thatLendershallgrveHun��w��r��„n�PpfnNt��,{�ryti�ul��nt�v+�1�.•�. {.•� .t�n�.�n�i•:,v�.�1'�'�,1�1'iPfh�•��•t+ii����111�•111�+L��n�h'i •
<br /> , intetest�n Ihe PropertY
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