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<br /> UNIFORM COVENANTB.8urrower and�enaar covenAnl and�y�w����iio.+a.
<br /> g � 1, P�ym�nt ot Pdnalpd �nd IntKal. Borrower ehall promptly pay when due the principol ol and Intereat on tho
<br />� indebtedneqevldencedbytheNote,p►epe mentendlabch�r�esasprovldsdlntheNot�,andthsprinclpalofandlnt�rerAon
<br /> � �ny Futurs Ad�anca wourad by th��of Trun.
<br /> � II. Fund�lorT�xa�nd Inwnnc�.Sub�ct to appllc�bls I�w or to a written welver by Lender,Borrower shall pey to Lender
<br /> on the d�y monthlylnabdlmsnqol princlp��sn0lnt�restare poyeble underthe Note,untfl ths Note I�p�fd In IuN,a eum(hereln
<br /> , "Fund�")equal to ons-twelRh ot the yearly 1ex�s end o�seumsnts whlch mey ettefn priorlry owr thla Deed ol Truat,and
<br /> pround►enqonthePtopeAy,il�ny,plusone-tweltihol�ea►lypremlumin�tallmentslo�haiardlneurence,plusone-twel8hol
<br /> � yearl�y premlum InsteNmenb fa mortQefle In��renee,t1�ny,dl��►auonebly ntlm�Ud Inid�lly��d from dm�to dmo by
<br /> -- l�ntler on tha b�si�oi eWSSSmsnh andbNls�nd ruasonobta eiNmates ihereal.
<br /> Tti�i'undashattbahetdlnartlnstRuMortthcdeposttsoraccourttsolwhlcherelneuredorg uerenteed.byaFeAereleretale
<br /> �-� epeney pnaludlnp L�nder II Lendsr Is such en Insdtudon).Lender ehell apply tha lu�d�topay wid taxes,a�sesements,
<br /> - Inwrpnospremlum�andyroundrenls.Lenderme1tnotohargefareoholdlnp andepplylnplheFunds,enelyslnpeeidaccount
<br /> - orveriryln��ndaomplliep�sidessewmentsendbllle unlas�l.ends�p�ys8ono�rerinMreetontheFundsendappl�abtelaw
<br /> - pe rmits Ls�der to meke such e cha�ye.Borrowar and�.endermay apreein w�IHnp atthe time of executbn of this Deed ot Trust
<br /> � th�t Interast o�tha Fund�thall be p�id to 8orrower,end unlssa such apreemant is mede or eppNcalbe law►equlrea euch =
<br /> intereat to be pald,Lendsr�hall not be requtred to pey Borrower any intereet or earninpe on the Funda.Lender shatl pive to
<br /> -. 9orrower,wilhout charge,an annud eccoundnp ol the Funda ehowlnp credite and de61q to the Funda and thepurpoae lor
<br /> wl�ich a�ch debit toth�Funds was mada.Th�Funds erepledpsd�s�ddidonal t�cu�Uy fo►the aums aecurW by fhis D�sd ol
<br /> __ _ Ttti:i
<br /> — If the emount ot the funds held by Lender,topether wlth the luture monthly Installments ot Funtls payabte pnor to�ne aue
<br /> dates ol texes,eseeaemonts.Inaursnce premlume and ground rents,ahall axceed the amount required to pay aald taxea,
<br /> - aseesamente, Insura�ce premiuma end ground rents at Ihey fall due,euch excess ahall be,at Borrower's oplion,elther
<br /> -� prompUy�epaid to Bonower ar c�edited[o Borrower on monthly Inatallmenb of Funds.II the amount ol the Funds held by '
<br /> -� Lenderehallnotbeeufllcienttopaytexes,ssaeaements,Inaurencepremiumsandgroundrentsestheyfelldue.Borrowerehall , ��
<br /> , pay to Lender eny amouat neceaaery to make up ths deNciency withln 30 days from tha dpts nodce la melled by Lender to �
<br /> -? Borrower�equeadnp peyment thereof. •
<br /> �� Upon payment In full of ell auma aecured by thia Deed ol Trua�Lende�ahell promptly refund W Bor�ower any Funds held by ';
<br /> � Lender.11 under pnragraph 18 hereolthe Property te sold oHhe PropeAy Isotherwlae acquired by Lende�.Lender ahall apply, �
<br /> nolater than immedlately prlorto the eale of the P�opertyo►Ns ac utail(on by Londer,and Funds held by Lender otthe time ol ,�
<br /> .� applicatbn es e credit aQelnat the aums secured by this Deed of�rueL " .
<br /> 9. AppNo�doo 01 P� m�nb.Unlass appliceble lew providea otherwise,all payments recelved by Lender under the Note
<br /> f� ' and pareg rephs 1 end 2�ereof ehall be appNed by Lender 11rat in payment ol amounts payable to Lander by Borrower under
<br /> paregrepTi2hereol,thontointerestpayeblaontheNote,lhentotheprincipaloltheNote.andthanbi�tarestandprfncipelon
<br /> eny Future Advancea.
<br /> � �. Ch�r�s�Wm.Borrowersahallpay alltaxes,assesamentaendothercharges,tinesendimpositionsapribulabletothe
<br /> PropeAy whic y eftafn e prlority over ihia Oeed ot Trust,end leasehold paymente or ground reMa,il any,ln the menner
<br /> ;, provided under parepraph 2 hereol or,If not pafd in auch menner,by Borrower meking yment,when due,dlrectly b the
<br /> �_, payee thereof.Borrower ahell promptly fumiah to Lender all noticea of emounta due u�thia peragraph,and in the event .
<br /> �• Bonower ahall meke payment directly,8orrower shall Promptly furniah to Lender recefpte evldencing such payments. ,
<br /> ''' Banower shall promptly discherpe eny Ilen whlch hae priorlty over this Deed of Trusx provided,that Borrower ahe0 not be ,
<br /> �.� requi�edtodlscNaryeenY e�uchliensolonpasBo►rowerahaHagreeinwrltingtothepaymentoltheobliperionaecuredbysuch '•.
<br /> � Ilen in e menner accepteble to Lender,or ahell in yood laith contest auch lien by,or detend enlorcement a1 auch Ilen In,lepel �.4��
<br /> proceedlny�which operete to prevent the enlorcement ol the lien or fo�felture of Ihe Property or eny paM thereol.
<br /> 9. H�z�rd iinurano�.6orrower ehe8 heap ihe improvements now exieiing or haraeHor arecied on iiin Prupnr�y insu�nJ '�'
<br /> �a � eqeirnt loas by tfre,hezards included wlthln Ihe term'extended coverage",and such other hazards es Lender may requfre '�
<br /> ;�� and i�euch emounts end lor auch perlods ea Lander maY�equfre;provided,that I.ender shall not requfre lhat the amount ol
<br /> :2 such coverepe exceed dwt amouM of coverepe requlred to pay the aums necured by thls Deed of Trus�
<br /> This Ineurence cenier provldfng the Inaurance sF�all be chosen by 8orrower�ub�ect to approval by Lender;provlded,that '.
<br /> : such approval ehaN not be unreaaonably withheld.All premluma on lnaurance pollcies ahell be pald in Ihe manner provfded
<br /> under pareqreph 2 hereol o►,it not paid fn euch man�er,by Borrower makiny payment,when du�,directly to the insurance
<br /> -- cartler. � •
<br /> All lnsurance pollcfes and renewals thereof ahall be In Iwm accepleble to Lender and shell Include s standard mortgage
<br /> = clause In fevor of and In form ecceptable to Lender.Lender ehell hevethe rlght b hold the pollcleeand renewalslhereol,and
<br /> = Borrower ehell prompdy IurMah to Lender ell renewel notices end ell recelpts ol paid premlum�.ln the event ol loss.Borrower
<br /> ti ahall glve promp t mtice tothe Ineurence carrlerand Lender.Lender mey meke proof of lass II not made promptly by Borrower.
<br /> UnlesaLenderend8onowerotherwlseagreelnwrlting,Inauranceproceedashallbeapplfedtorestoratlonorrepairofthe
<br /> PropeNy damaped,provfded euCh restoraGon or�epek Is eeonomicelly teasible end the eacurlb of this Deed ot Truat Is not
<br /> . thereby impe ired.It euch reatoradon or repalr Ia not economlcelly teasible or H the securlly ot fhls Deed of Trust would be � .
<br /> , impalred,the insuranee proceeda shell be epplied tv the aums aecured by this Deed o1 Truat,wlth the exceas,ff any,pefd to •
<br /> 8orrowar.II the Property la ebandoned by Borrower,or If Borrower fells fo�espond to Lendar wllhln 30 days from the date
<br /> nodce Is melled by lender to Borrower that the Insurance carrler oflers to settle e clalm}or Inaurance benellts,Lender Is ,
<br /> aulhorlted to collect and epply tha Insuronce proceeds at lender's oprion either to reftoratfon or repalr o11he PropeAy or to
<br /> the numa aecured by thla Deed of Trus�
<br /> Unlesale�derend Borrower otherwfse ay�ee in w�lting,any suchappNcatlon ot proceedsto princfpal ahslt notextend or
<br /> Postpone the due date of the monthly Instellments reterred to in paragraphe 1 and 2 hereot or che�npe lhe amount ol such
<br /> nefallmenls.lt unde�peregraph 18 he►eo1 the Properly Is acquired by Lender,all rfght tlGe and Intereat ol8orrower in end to
<br /> enyinsurancepoNCleaandlnendtotheproceedathereolresuldngfromdamagetothBP�opertyprlortothesateorecqul�ffion
<br /> ah�ll pasa to Lender to the extent of the auma aecured by thls Deed of Trust immedietely pHor to such�ale or ecquisltlon.
<br /> � a. Pr��vaUon�nd IN�InNn�nc�ol P�opNty;L�auAotdr.Condominlumr,Plann�d tinH D�v�� Borrowershall
<br /> ; keep the Property In yood repelr end ahell not commit waste or pe►mlt Im�airment of deterioratlon o1 the Property and shall
<br /> s� comply with the provlafonsof any lea�e itthls Deed of Truat laon a leaeeho d.IHhIa O�eed otTrust Ison a unit In B condominium
<br /> �� or e plenned unit development,8orrower ahell perform aN of Borrower'a oblfgatlons under the decleradon or covenanb
<br /> � i creatln0 agovernlnp the condomin{um or planned unit developmen4 the bylaws and reyuletfana of the condominfum or '
<br /> ' pI�nned unlf davelopment,and conatltuent documenb.If a condominfum or planned unit development rider is exauted by
<br /> = borrower end recorded topether wllh 1hI�Deed ol Trus4 the covenanhs and agreemenb ot euch dder shell be Intorpaated
<br /> Into and shall amend and aupplement the covenanb end apresmenb of thls Deed ol Trutt e�fl th�rlder were a pan hereol.
<br /> - 7. Prol�ctlon ol l�nd�r's S�eurlty.II Borrower fafls ro pe►lorm the covenanb end epreemenb conteine0 in thls Deecf ot
<br /> Trua1,or il eny ecdon or proceedlnp le commenced w8h materfally eBects Lender'a Intereat in the Property,Including but nat
<br /> � then�eniferetLendersio�tion u ncy,codeenlorcernent,orerrangemenborproceedinpsinvolvingabenkruplordeceden�
<br /> p pon notice to BOrruwer,may meke euCh appearenCee,disbursY suCh sums end take euch
<br /> ( aetlon aa fsnecessery to protect Lender's Interest,Includng,but not Ilmlted to,disbursemant ot reaeonable attorney'e feea and
<br /> enhyuponthePropertytomekerepeira.IfLenderrequlredmortge�elnsurenceasacondltlonotmakingtheloaneecuredby �
<br /> the Deed ol Truat Borrower ahall pay the premfums►equlred to mefntaln such insuranC0ln eNect untll such tlme as the
<br /> � requlrern�nt tor auch In�urenca temdnetes in accordance wNh 6or►ower's and 6ender's written agreemenf or appIICalbe taw.
<br /> 3 6orrower ehall pay the amount of ell mortyege Insurance permlums In the manner provided under paregraph 2 hereof.
<br /> 1 � Any emounb dl�buned by lender pursuaM to this paregraph 7, with interest thereon,shell become additional
<br /> . Indebtednesa of 8orrower aecured by Ihls Deed of Truet.Unlese Borrowerand Lende►agreeto other terms ot payment such
<br /> emounta ehall be payable upon noHce Irom lender to Borrower requestk►g paYment hereol,and ahall bear intereat Irom the
<br /> deteoldisburaemeniettheratepayablekomllmetoNmeonoutstanding pri�ctpalundertheNoteu�lesspaymentoli�tereat
<br /> at such �ate would be contrary to ep�llcable lew, In whlch event auGh emounts ahall bear Intereat at Ihe hfghest rate
<br /> permleaible undareppllceble law.Noth nq contained In Ihls ppraqraph 7 shell requlre Lenderto incur any expense or teke eny
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<br /> v 8. In�p�ofbn.Lender may make or ceuse to be made reasonable entripa upon and inspections ol the Prope�ty.providRd
<br /> that Lender shall glve 8orrower notice prlor to eny such inspection apecilyiny reasonable ceuse the�etqre related fo lender's
<br /> intereat in Ihe P�opeAy.
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