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<br /> UI�OItM COVENANTS.Boreower and Lender rnveaaat and egreehe�m due the rincipal and interest ' � . .. _ .�
<br />-�'' L i'ayment af�'rl�s1�d L-.��t.&rrro�:er ehal�romn�dy pay P = .-- . _,- . -- ,-
<br /> indebtedness evideaced by the Note and late charges as P�o'nded in the Note. .
<br /> 2.Ftiinds for�e�s and hnseuranoo.Subiect ta applicable law or a written waiv e under the Note�unt� ' , _ ' � -�
<br /> ehall Pay to I.ender oa the day montbl�paymeats of principal sad iateresL ara PaY�tazes and assessmsats , , � ,e`-,
<br /> the NoLe is paid ia►feil1,a sum(herein"�nda�ecNal to one-LweIRJi of 4]ie yearly .
<br />- (ineludinS condomuuwm amd Planned unit deve�opment asseg tus ax�e-'tcrelft�s f yaar yapremi�um�;nsttillments -`,<< L�--_...._ - _
<br /> -- if aa�,p � -
<br /> this Beed of�ust,�und g�und renta on the�roperty, ���,if any.�11 as � , �
<br /> tun
<br /> for hazard insuran�,Ph�s one-twelfth of yesrly Premium installments for mortgage� ; . . . ..
<br /> reasoaably estimated initiallY and 6rom time to time by Lender on the basis of aesesaments and bills and 4
<br /> reasonable estimates t�ereof.Borracrer shall not be obligated to make such pa�menxs of�nds to I.ender w _ , . ¢
<br /> � the estent t b a t Borro w e r m a k e s s u c h P a Y ments to the hol@er of a prior snort�age or deed of trnaE if auch , - . ,• _
<br /> t holder is an inatatut'sonal lender. , �� � •••`��:Y�-y
<br /> � If Horrower pays Funds to Lender,the Fund�ahall ba held ia��� Lender if I.eader such aa . .._�":°��
<br />� which fue insw�ed or gttaranteed by a federa1 or atate agene9 C � � � . '" �,�- _
<br /> �natiqition).I.euder a4ia11 aPP1Y the F�mds to pay said tazes,assessmenta.insuraace premiwns aad growad _ � ;a,_�L
<br /> � rents.Lender maY not charge for afl holding and aPPl�g�������eaid accouat or verifqing ead �'-'' _- _
<br /> ' Borrower intesest oa t�e�nds an(i applicab2e law ' . ; '�g_F�,��''..
<br /> .?� oomp�►g said assessmenb and�,unless Lender paya in writing at the time of�ecutiaa • ;�=.�.
<br /> permits II�n�ler to make such a ch��ge-Borrower and Leuder may agree
<br /> of this�eed of 1Yuat that iateregt oa tdie Fuuda shell be paid to Borrower.and unless such agreemenL is made . _
<br /> J` �.
<br /> or appi+�la law requires such inte�'est t°be P���er shsll not be requ�red to pay Borrower an3►inteTest �' ��: �`
<br /> an anaual accounting of the Funds -�t,� �'�-•"��_�,=�
<br />�`--� or ea+r�mm�s on tlie F�nds.Lender shall give to Borrower,without charge, x �
<br /> sbww��s-'�drt�and debita to the Finads and the purpose for wluch eac�debit to the Ftinds was made.The y.
<br /> b tt�ia Deed of Trus� ,=+-�-� .
<br /> �ndg are pledged as additaonal securit9 for We sums secured y " .M' �::�;.
<br /> If the amount of the Fands held by Lender,togeth�r with the future monthly installments of F�nds - _ ,L�...,-,�,.
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<br /> roayable prior to the�laas datea of tazes,asseasments.inswrance pre�miu�+s aad�d r�a►�t�e�itall due.auch j':s ? °", �..
<br /> . amount required�o y�ay eaid taxee�assessmen�.msurance Premiums a�x$�roun i;_.;,- . , �- .�i . •;_
<br /> re aid ta Borrower or credited to Horrower on ffiontl�ly �;��i�- ��
<br /> ; escess shall be.at Ho�wer's opf3on,either pmmpdY P LL*�r�; � �.? ; �•
<br /> �nstallmente of I�luads. If the amount of t3�e Fands held by Lender ahaII noL� sfaffidsat to PaY �� �:�;;.,�; �,
<br /> and gcound rente as they fa11 dus,��'�er �}aII pay to Lender ang , �°��M;
<br /> � asEesssnent8,insur�os pre�iume in one or raore payments s,�Leader�aag req� '. _�_.�
<br /> . .; amowat neceasarY to make up the def cieai.y ''�''-�., ; ;; ,.
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<br /> Qpon payment in full of all sums eecured by this Baed of�'rust, Leader shall pro�p�� refund to . .
<br /> ' Borrow�r�ay�ads hetd by Lender.If under paragra� 1T hereof the Property r�sold or the Properiy as 4�:�' `
<br /> ,no labec t�n iuunediately p "' '""� �••�`:;.
<br /> ' b Lender,Len@er shaU aAF1Y sior�zhe eate ogthe Prope�cy _ � �,- ,
<br /> othezwise acquired y lscation es a credit against the suma ? t� .. ;•
<br /> . or its acquisitioaby Lender,anY Fbnds held by Lender at tha tune of app' . .
<br /> . � secured by this Deed of TruaL ents received by Lender �� �
<br /> ;.,i j 8.�pplicatioa egPqymente.Unlesa applicable law providea otherwise.all PaS►m ; �^_
<br />��,•`� under the Note and para�apbe i and 2 heseof shall be applied by Leader first in payment of amouats �-'
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<br />�"3J:;i{' payab2e W Lendex by�O�o�r uader paragraPh 2 hereof,t3�en to interest payabl�on the Note.and then w a;�s�t�
<br /> _ the principal af the Note. I�, Horrower shaU perform �tll, �Borrowe�s - - �L'=-
<br /> 4. Preur Yortgag�es sad Dee�ds of Trueh CLa�E�x
<br /> obligationa under aaymortgage�deed af tsvsCorother securitY a�ee��ntwith a liea v�hich��noraty over �;5,� .�-� _
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<br /> ., includin Borrower'e caveasnta to matce paymenta w�n due.Bs�n��ver e�pay or cause ��;�...�__
<br /> tbisDeedofTivat, S ! - --..
<br />- to be paid all tases,asaessnteuts aud other ciiarges.�ineg esnd'unposition�attr�ut�.fi.e to tho PropertY which ---
<br /> � may attsin a priorlty over tbia Deed of Z�stst,and tease���payment8 or�ound utznta,if any.
<br /> b.Ae�rd I�nraace.Barrnwer ahall kes�the improvements nflw emsting mr hereaftsr erected on the ��?'.'`
<br /> termm'ertended wverage;s�d sttchother �'�_� , :`::;`-• -
<br /> Property inaured agoinst loss by fire,hazards mcluded witbin the - . ..-
<br /> hazards as Leader taaY requiRe and in sucb amounta and for sush g�nw�ds as Lender may require• 4;••°: .
<br />� The insurance carrier prnvtding the insurance ehall be chosen by Borrflwer subject to approval by Lender; ����,,,� _
<br /> -� provided,�hhat auQh ugproval ahall n�t be unreasonably witbheld.All inauraace polides and renawels thereof . _ .
<br /> shall be in a form acceptable w Lender aad shall include a atandard mortgaSe clause ia favor of and ia a form -�;�.y.,�....,� '�.•.
<br /> � acoeptable to Lender.Lender sl�all have tbe dght to hold the polic�s and renewala thereof,aubject to the `-�- • ,
<br /> :.' " terms of any mortga8e.deed of trust or otlier securitY agreement wIth a lien evLich has pziority over thia ���,,. . .-r
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