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<br /> tJNIFORM CGVENANTS.Bonow�r and lender covW►eM and aqr�s at followa:
<br /> � . 1, p�ynwn� d prinalp�l�nd Ia1�nN. Borrower�hnll promptly pey when due the principal of and interest on Ihe -
<br /> Indebtedn�aevid�ncedbytheNote,p�epe mentendloteclwr�eaaoprovldedfntheNote,andtheprincipalotandlnteres�on
<br /> �ny Fulure Advoncea secured by the�of TrusR ---
<br /> � "' �• �' Z. FuMl�IorTiutMand Inwnec�.8ub�c�to epplluble law or toe wrlften welver by Lender,Borrower ahall pay to le�der
<br /> � " � � ' `; on the deymonthly Inrtallmsnts of prinalpd and f nt�re�l�re payabte underlhe Note,untfl the Note I�pald In lull.+�eum(hsrefn
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<br /> � "Funda")equal to ono-tweltth ol lha yAedy texea and eeseeemente whlch mey attefn prforlty over thls Oeed ol Yruet,an r,..
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<br /> pround rentson lhe Property�(f any,plus one-hvslfth o1yearly premium Inetellments br heza�d Ineurance,plua one-twelfth o r.y . �' �-
<br /> yse�ly premium iMhllmsnb for mort��qe inwrance,II sny,all as reaeonebly�stlmated initlally and from time to tlme by
<br />- � . Lsnder on the basls of asssstm�nts and bflls and�eawnable enimates thereof. ...
<br /> ' Ths Fund�ehall be hsld In an InsdtuUon the deposlbor accounteof whlch are Insured or guaranteed,by a Federel or slate -
<br /> apenoy(Includlnp Lsnder If Lendsr is suah an imtltutlon�,Lender ehell apply the funds to pay aaid taxes,auesements.
<br /> " � insurencspremtumsendproundrents.LandsrmaynotchergeforsoholdlnpandapplytnptheFunds,analyzingaeideccaunt _.�__
<br /> .: A orve►IlytnpendcompllUpseldaeseasmentaendbllls unleeeLenderpayeBorrowerintereatontheFundsandeppllcablelaw `__
<br /> permltsLendertomekeauohachar�e.BoROwerandtendermay�preelnwrltingattheUmeotexeouNonollhisDeedotTrust ,_-:�•_
<br /> r� '' ' that Interest on the Funds ahall be psid to Borrower,end unleae euch agreement Is made or epp8celbe law requires such _
<br /> j ; � fnterest to be psld,Lender sholl not be requlred to pey Bo►rower eny Interesf or earnfnge on the Funda.Lender ehall pive to '_
<br /> Bonower,wllhout cherge,an annuel accoundn�of the Funds ahowlng credita end de6lts to the Funde and the purpoae lor �
<br />�,' whicheachd�blttothaFundawesmade.ThaFundsarepledpedaseddltlonal�ecurltyforthesumssecuredbythisQeedof _.
<br /> ' � Truet � '-_
<br /> • If the amaunt ol the lunds held by Lender,topether wlth the luture monthly Inafallmenttti ot Funds peyahte prior to lhe due
<br /> � ,,, datea ot texe�,aaeeasments��nsurance premluma and g�ound rente,shall exceed the amount requlred to pay aeld fexes, ____
<br /> ,��� :;, easessmente,inaurance premlums and ground rents as they lall due,suah excees ahell be,et 8orrower's optlon,elther
<br /> promptly repeId to Bonower or oredltad to Borrower on rnonthly instellmenta ol Funds.If the amount of the Funds held by �- ='�
<br /> • LendershallnotbesuHlclenttopaytexes,assessmenta,ln9urancepremlumsandg roundrentsestheylalldue.8orrowerahall •
<br /> , pay to Lender enY amouM neceasary to make up the deficlency wlthin 30 deys f�om the date notice is melled by Lender to �.:.-,;:,;;�, �
<br /> � Borrower requeadnp payment thereof.
<br /> Upon payment In full of all euma seaured by thfa Deedof Trust,Lendershall promptly refund to Bor�ower eny Funds held by + t;
<br /> ' Lende�.ll unde�r peregraph 18 hereaf the Properiy Is sald orlhe Property Is otherwtse acqul�ed by Lender,Lender shall apply,
<br /> • „ • ,,,�, no leter tha�Immedlately prlor to the saleof the Properlyorlta ac ulsltfon by Lender,and Funds held by Lender at the tfine ot �_:y�_��
<br /> epplicatlon ae e credlt apainat the aums aecured by thle Deed af�rust. -,,�,:;-
<br /> ' 3. Appllo�Non ol P�rm�nts.Unless applicable law provldes otherwlae,all peymenta received by Lender under the Note ..
<br /> ' � " end paragrephs 1 and 2 hereof shall be eppNed by Lende�Arst In payment of amounts peyable to Lender by Borrower under ��;a,.a., '`,.�
<br /> . •� .. pera9rapli2hereof,thantolnterestpeyablqontheNoto,thentothep�I�cipaloltheNote,andthentointerestandprfncipalon = --
<br /> � any Future Advancea. ���•.�• �•°-
<br /> • �1, C���L,Nm.8orrowera ahell pey all texes,assessmeMs and other charges,ffnes end fmposltfons attrlbutable tothe .�..,;.,:,;. ,
<br /> ' � Properry whlch mey ettaln a pNorlt�over thls Deed of Truot and leasehold payments or ground rents,II any,�n the menner . •: , �
<br /> provided under paragreph 2 hereo�o�,II not peld In auah manner,by 8orrower meking payment when due,dlrectly to the ••;.�
<br /> payee thereot.Borrower ahell promptly lurniah to Lende�aA noticea of amounts due under thla paragraph,end In ihe eve�t
<br /> - —_-_ _ - 8arrawar sha!! snake pQYment dlrertly,Borrower shell promD1�Y��r��ah to Lender recefpb evfdencing such peyments. , ,,. „ ?�, ,�
<br /> 8orrower shell prompUy diacharge any Ile�which hae prlorly over tnfa Deed ot i rust providnci,thet 8arrawar shalf na!be ,��,ti:,-.,,�,,
<br /> „ requlred to dlschergeany such Ilen so long as Borrowerahell agree In wrlting to the payment oNhe obllgatfon secured by such �: ; ,�:
<br /> Ilen in a manner ecceptebte to Lender,or shell in yood faith conleat euch Ifen by,or defe��d enforcement ol such Ilen in,lepal ,. .
<br /> � proceedinga whfch operate to prevent the enlorcement ot the Ilen or forteiture of the Properry or any paA thereol. , _,
<br /> S. Huard Inwr�nc�.Borrower ahell keep the improvements now existing or hereaRer erected on the Property Insured . ,� -„u,
<br /> •� agefnst losa by flre,haxerda Included wlthin the term"extended coverage",and such other hezards as Lender may require ; • t-
<br /> end in auch emowtts and for auch perlods ae Lender may requlre;provfded,thet Lender ahall not requfre that the amount ol r.
<br /> ` � such coverape exceed that amount of coveraye requlred to pay the sums secured by thls Deed of Trust. :�� '.,
<br /> �� This Insurance carrie�provldfng the Insurance shell bechoaen b Borrower sub►ect to epp►oval by Lender;provfded,lhat �
<br /> � I be paid in the manner provlded
<br /> q such approval shall not be unreasonebly wlthheld.All premlums on naurance pollcfea sha I
<br /> � under peraqraph 2 hereof or,ff not peld In such manner,by Borrower mekiny paymen�when due,dlrectly to the insurance � „ »
<br /> cenier. g �r
<br /> � All fnsurence policlea and renewals thereof shall be In lorm acceptable to Lender and shell include a stenderd mort age �
<br /> �� " �� clauae in tavor oland in form acceptableto Lender.Lendershall have the right to hold the pollciea and renewalathereoi,end .
<br /> BoROwer shall promptly fumfsh to Lender all renewal notices and all recefpts of pafd premiums.In the event of losa.Borrawer � �; �•:
<br /> ehall�ivepromptnodcetolhefnaurancecer�lerandLender.LendermaymekeproofollossifnotmadepromptlybyBorrower. i ,
<br /> ,� UnleaslenderendBorrowerotherwlaeagreelnwrlting,lnsurance proce�dashallbeapplledtorestoratlonorrepelrolthe � . .
<br /> Properly demaged,p►ovided such restoretlon or repelr Is economlcafly feaefble and the aecurily of this Deed of Trust is not �,_
<br />� • ` `" fhereby ImpeIred.If auch reatoretlon or repelr Is not ecanomically feasfble or If the securlty of fhis Deed o(Trust would be
<br /> • fmpefred,the inaurance proceeds ahall be appIled to Ihe aums secured by thls Deed of Trust wlth the excess,If any,pald to
<br /> � Bonower.If the Property fa ebandoned by 6orrower,or il8orrower falls to respond to Lender wlthin 30 deys Irom the dete
<br /> � notice ia melled by Lender to Borrower lhet the Insurence carrier ofters tn serile a claim lor insurance benelits,Lender fs .
<br /> authorized to collect and epply ihe Insurence praceeds at Lender's optlon either to restoration or repafr ot the Properly or to � , • ;
<br />:. the suma secured by thfs Deed of Trusl '
<br /> Unless Lender and Borrower otherwlse agree In wrlti ng,any such applicetfon of proceeds to prfncfpal shall not extend or .
<br /> poatpone the due dete of the monthly inatallments reler�ed toln paragraphs 1 and 2 hereot or change the amount of such
<br /> inatellments.If under peragraph 18 hereof the PropeAy Is acqulred by lender,all rfgh�titlo and intereat ol Borrower in and to �
<br /> ' anyinaurancepollclesendlnendtotheproceedsthereofresultinglromdama8etothePropeAyprlortotheaaleoracquisltian
<br /> . shell paas to Lender to the extent ot the sums secured by this Deed of Trust immed�etely prlor lo such sele or ocqulsitlon. �
<br />� 8. PnNnratlon and MNnt�n�nc�otPropaty;L�n�holds;Condominlumr,Pl�nn�d UnH D�rNopm�nts.eorrower ahall
<br /> keep the PropeAy fn good repalr and 8ha11 not commit waste or permit Impalrment ot deterloratlon of the Property and ahall
<br /> comply withthe provlalons of any lease Ilthis Deed olTru stls on a leasehofd.II this Deed of Trust Is on a unN In a condominlum
<br /> or a planned unit development,Borrower shall pe�fam all ol Borrower's obllgatlons under the declaratlon or covenents
<br /> " creating or governfng the con0aminfum or plenned unit development,the by-laws and regulatlona o11he condominium or
<br /> � plenned unit development,and conatltuent documents. II a condominium or planned unit development rlder Is excuted by
<br /> � Borrower and recorded together wlth thls Dead oi Trust,the covenants end agreementa ot such rlder shall be Incorporated
<br /> fnto and ahell amend end supplement the covenantsend egreements ol thfs Deed of Trust as if the rlder were a pert hereot.
<br /> 7. Prot�eflon ot L�nd�r's 8lcu�ltp.II Borrower IaNs to pe�lorm Ihe covenants and agreements contained In Ihls Dned of
<br /> Trus�or If eny action or proceeding is commenced wilh meterlally eMects Lender's interest In the Property,lncluding but not
<br /> limlted to,eminent domain,insolvency,code enlorcement.or arrangements or proceedfnqs involvfng a benkrupt or decedent,
<br /> then Lender et Lender's opt{on,upo�notice to Borrowe�,may make such appearences,disburse such sums and take such
<br /> actfonasisnecessarytoprotectLender'sintereat.lncludinp butnotlfmltedto,dlsbursementolreasonableattorney'sfeesand
<br /> entry uponthe Propertyto make repairs.lf Lender requlredmoAgage insurance asa conditlon ol makfng the loan secured by
<br /> the Deed ol Trust,Borrower shall pay the premlums requfred to maintafn such insurance in eHect untfl such time as the
<br /> requirement for such Insurence terminetes In accordence with Borrower's and Lender'a wriltan agreement or applicelbe law.
<br /> Borrower ahallpa y the amount of all mortgage Insurence permiums fn the manner provlded under paregraph 2 hereof.
<br /> ' Anv ��unta disbursed by Lender purauant to this Paragraph 7.'with interest thereon, shall become add�tional
<br /> _ a i e.,,�o.o.,.o.��n n�har twrmc of navment.suCh
<br /> � fndebtednessoleorroweraecureddy�nisi,neuuCT���:.L'���o��........••..•.-••---••--•-e ---- -
<br /> � amounls shall be payable upon notice trom Lender to Borrowe�requast�ng payment hereot.and shall bear interest from the
<br /> ; dateotdisbursemenlattheratepayableframtimetotimeonoutstanding pnncipalundertheNoteunlesspa mentofinterest
<br /> � permisslbleu dera pUceble ew Nothln�ycontainedinths�paragraph7sha11 eqwrelend eo ncuranyexpenseortakeany
<br /> , � actlon hereunder.
<br /> 6. In�p�edon.lender may make orcause to b�madereasonahle entnes upon nnd inspections ot the Property.provided
<br /> I thet LenderShell glve Borrower notiCe prwr to any such i nspecbon specdymg re:�snnable�ausathere�o�F�elaled to Lender's
<br /> � fnterest in the Property.
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