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<br /> TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
<br /> appurbenances and rents(subject however to the rights and authorides given herein to Lender W collect and apply such
<br /> rents),all of which shall be deenned to be and remain a part of the property covered by this Deed of Trust; and all of the
<br /> foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold)aze hereinafter
<br /> referred to as the "Property";
<br /> TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated
<br /> Nlar'ch 16, 1998 and exbensions and renewals thereof(herein "Note"), in the principal sum of U.S.$
<br /> 41,000.00 , with interest thereon,providing for monthly installments of principal and interest, with the
<br /> balance of the indebtedness, if not sooner paid, due and payable on �� 19, 2023 ; the payment
<br /> of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust;
<br /> and the performance of the covenants and agreements of Borrower herein contained.
<br /> Borrower covenants that Bonower is lawfully seised of the estate hereby conveyed and has the right to grant
<br /> and convey the Property, and that the Property is unencumbered, eacept for encumbrances of record. Borrower
<br /> covenants that Borrower warrants and will defend generally the dde to the Property against all claims and demands,
<br /> subject w encumbrances of record.
<br /> iJriIFORM COVENANfS. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest. Bonower shall promptly pay when due the principal and interest
<br /> indebtedness evidenced by the Note and late charges as provided in the Note.
<br /> 2. Ftinds for Taxes and Luurance. Subject to applicable law or a written waiver by Lender, Bonower shall
<br /> pay to Lender on the day monthly payments of principal and interest are payable under the Note, undl the Note is paid
<br /> in full, a sum(herein "Funds")equal to one-twelfth of the yearly tazes and assessments (including condominium and
<br /> planned unit development assessments, if any)which may attain prioriry over this Deed of Trust, and ground rents on
<br /> the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly
<br /> premium installments for mortgage insurance,if any,all as reasonably esmnated initially and from time to time by Lender
<br /> on the basis of assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make such
<br /> payments of Funds to Lender to the extent d�at Borrower makes such payments to the holder of a prior mortgage or deed
<br /> of trust if such holder is an institutional Lender.
<br /> If Borrower pays Funds to Lender, the Funds shall be held in an insdtution the deposits or accounts of which
<br /> are insured or guaranteed by a Federal or state agency(including Lender if Lender is such an insdtudon). Lender shall
<br /> apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so
<br /> holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills, unless
<br /> Lender pays Bonower interest on the Funds and applicable law permits Lender to make such a charge. Bonower and
<br /> Lender may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to
<br /> Borrower, and unless such agreement is made or applicable law requires such interest to be paid, Lender shall not be
<br /> required to pay Bonower any interest or earnings on the Funds. Lender shall give to Borrower, without charge, an
<br /> annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the
<br /> Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of Trust.
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds payable prior
<br /> to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay
<br /> said taxes, assessments, insurance premiums and ground rents as they fall due, such ezcess shall be, at Borrower's
<br /> option, either prompdy repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount
<br /> of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as
<br /> they fall due, Bonower shall pay to Lender any amount necessary to make up the deficiency in one or more payments
<br /> as I,ender may require.
<br /> Upon payment in full of all sums secured by this Deed of Trust, Lender shall prompfly refund to Borrower any
<br /> Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by
<br /> Lender,Lender shall apply,no]ater than immediately prior to the sale of the Property or its acquisition by Lender, any
<br /> Funds held by Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br /> 3. Application o�Payments. Unless applicable law provides otherwise, all payments received by Lender
<br /> under the Note and paragrapbs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender
<br /> Lsaerpoc(TM)Dy De/phi In/amadon Scieneee Ccrp. pEq3!-2.0097 Form 3828
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