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<br /> UNiFORM COVENANT8.Borrower and Lender covenani and agree aa bliowa:
<br /> . 1. F►aymont of Prtnclpal and InteresL Borrowsr shall prcmpUy pay when due the pr(ncipai and interest indabtedrtess _
<br /> evidenced by the Note and late charges as providad in t�e Note. _
<br /> � 2. Funds torfixea and Insurance.3ubject to appilcable!aw or a written waiver by Lendar,Borrawer shali pay to Lereder
<br /> � an the day monthly payments of prtncipal and tnterest arra payabla under the Note,until the Note is patd In full,a sum(herein
<br /> . °Funds'�equal to one-twelFth of the yaarly taxes and assessments(inctudfng oondaminium and ptanned unit develapmeM -.
<br /> . essessments,ff any)whtch may attain pdorlry over thla Deed of ltust,and ground renta on tP►e Properly,It any,plus otte-rireffth -
<br /> of yearly premium instatlments for hazard insurance,pius ono-lweifth of year(y premlum installments tor mortgage insurance,it
<br /> . any,ati as reasonably esttmated lnitialiy and from time ro Ume by i.snder on the basis ot assessments and b►iis artd�easonable
<br /> esUmates thereof.l3orrower shalt not be oblfgated to make such paymer�ts ot Funds to Lender to the extent it�at Borrorrer matces
<br /> .�� such paymerns 2o tho holder of a prior mortgage or deed of trust if such holder is an InstituUonat tender. -
<br /> ... If Borrower pays Funds to Lender, the Funds shali be heid in an institution the deposits or accounts ot w►�tch are
<br /> insured or guaranteed 4y a Federai or state agency{including Lender if Lender Is such.an insUtuUo�).Lender shaJl;a�tp�l!
<br /> the Funds to pay said tazes,assessments,insu►ance premiums and ground rents.Lert�er�m�y,notecharge ipc sq,hntding
<br /> and applying the Funds,anatyzing said aocount or verifying and compUing said assessmants and biils,untess I.anaO�n paue
<br /> Borrower interest on th�Funds and applicable taw permits Lender to make such a charge.Borro►ver and Lender�ma�t a�r�e
<br /> in writing at the time of executi�n of this Deed of Trust that interest on the Funds shail be paid to Sormw�er,and untess su+ah
<br /> � agreement is made or appficabte Iaw requires such interest to be pafd,Lender shall rtat be requirsd tq pay Borrawer�an�r•
<br /> interes!or eamings on the Funds. Lertder shali give ta Bomower, without cfiargQ, an annual accounting af�ths Funds
<br /> . shoaring crsdi�and debits to the Funds and the purpose tor which each debit to tl�e Funds was made.The Fursds ar�e
<br /> ptedged as additionai security br tha sums secureci by this Deed of"Iivst .
<br /> . If the amount o�tht Punds e1d by L�ncer.iage�her with the f�ture monthty installments of Funds payahle prtor to the
<br /> . " due dates of taxes,assessments,insurance premiums and ground reMs,shaEl excesd the amourit required M pa�•s�id taxes,�
<br /> assessments, insurance premiums and �round rents as they fail due,sach excess sF►,aJl be, at Bomawers cptt�n,��ithan
<br /> . � prompUy rapaid to Borrower or credfted to Borroa�er on monthiy installmeMs of Funds.If the amount of the Funds•itslq by
<br /> Lender shali nat be sufflc(ent to pay taxes,assessments,insurance premiums and ground rents as thay fall due,�omow�c
<br /> `' , � shali pay to L.endar an�amount necessary to make up the deflciency in one or more payments as Lender may require.
<br /> Upon payment in fult of ait sums secured by this Deed of Trust.Lender shall prompUy refund ta 8onower any Funds
<br /> ' hetd by Lender.lf under pa�agraph 17 hereof the Property is sold or the Properly is otherwise acqu,�re�d by Lender,Lender
<br /> � � shali epply,no latet than immediately prtor to the sale of 4he Property or its acquisition by lender.any Funds held by Lender
<br /> at the time of applicadon as a credit against the sums secured by this Deed of Trust.
<br /> � '� � • 3. Appitcetlon ot Payments.Uniess applicable law provides othe�vise,ail payments�ived by Lender under the
<br /> �; „ `'� Idote and Raregraphs 1 and 2 hereof shall be appifed by Lender first in�iyme�of amounts payab�le to�.ender by Borrower
<br /> .��.•,�.�;:..,,, • under paragraph 2 hereof, then to ir�terest payable on the Note,and then ta the prin�ipal oi the Note.
<br /> -?. ;Et:�;.?..;� � A. Prior Mortgages and Deer9s of Ttaist;Charges;Ltens.Borrower gfi�ll pett�rm all ot Bortowers obiigatiflna under
<br /> ';�:�:='::�s:.� � any mortgage,deed of trust or other security agreement with a I�en which has prlority over this Deed of Trust,,incfuding
<br /> -�� � Borrower's covenants ta make payments when due.Borrower shelt pa�v or cause to be paid aIl faxes,assessmer�and
<br /> ���»•�'",='� other chargea,flnes and impositions attributabfe to the Properly whfch �nay�ttain a prioriry over this Deed of Trust,and
<br /> _`;;=�-•�� leasehotd payments or ground rents,if any.
<br /> "'�` ��n, 5. Nasard Insurance.BoROwar shall keep the improvements now exlstlng or hereafter erected on the.Property
<br /> �_-��•�� � Msured�agalnst toss by flre,hazards lnctuded within the term"extended coverage",flc�ad and such other hazards as Lender
<br /> ��._:w:.�
<br /> may require artd in such amounts ertd br such perlods as Lender may require.
<br />-J�'o;��,�� • Tha insuranco canier providing the insurance shal!by chosen by BoROwer subject to approvat by Lertder,provfded,
<br /> ---^w°� . that such approval shall not be unreasonably wlthheld.A!1 insurance pollCies and renewats thereot sha11 be in a torm
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<br /> _r��..,,,._� axeptable to Lender and shalt include a standard mortgage clause In tavor of and ln a form axeptable to Lender tsndor
<br /> _ shatl have the right to hold the gollc�es artd renewals thereof,subje�t to the terms of arry mortgage,dsed of tn�5f or•other
<br /> R_����„rr;-�_ security agreement with a lien whlch has prlority over this Deed of Trust.
<br /> -- �• =� � In th6 event o!foss,Borrower shall give prompt notice to the Insurance ca�ier and Lender.l.ertdet may make praof of
<br /> -- 4 Ioss it not made promptiy by BoROwer.
<br /> `„�,'„�� � If the Property Is abandoned by Borrower,or H Borrower tafls to respond to Lendee within 30 days from the date rtot�ce
<br />-`��� is matled�by Lender to Bortower that the insurance caRier offers to settle a claim Yor Insurance beneflts, Lender Is
<br />�,,,� authorized to collect and apply the insurartce proceeds at Lender's op�on either to restoration or repair of the Property or
<br /> ."�, to the sums secured Qy this Deed of Trus4.
<br />_-���'�. � 6. Preservatlor� and Malntenance of Proper4y; Leaseholds; Condcm7ntums; Pianned UMt Qeve�Opmerns.
<br />--==���,.
<br /> . ,�''�`,�„�. . Bocrowar shall keep the Propevty In good repalr and shall not commft waste or permit Impatrment or deteriora�on of the
<br /> - , Property and shall comply with the provistons of any leaso if this Oeed of Trust is on a teasehold.lf this Desd of Trust is on
<br /> - ' a unit in a cortdominium or a planned un(t devetopment, Borcower shall perbrm all of Borrower's obllgatlons under the
<br /> •. dedara�on or covenaMs creating or governirtg the condomtnium or ptannad unft devetopment,the by-laws and regulattons
<br /> �G ;. � of tha condominium or planned unit devetopment,and consUtuent documents.
<br /> 7.Proic�ction of Lerfder's SecuHty.If Borrower fails to perform ttre covenants and agreements caM�in�f in this
<br /> � Oeed o4lfust,or H any actien or proceedirtg is commsrt�ed whtch materiafly aflecis�ender's i�terest in the Prqp�rty,then
<br /> Lender, at Lenders opUon, upon �otice to Borrower, may make such appearances,•dtsbursQ such sums;.lc�ctudtng
<br /> • " reasonable attomeys'fees.and take such action as Is neceassry to prat�ct tender's Ir�ieres�tf Len�er required moRgage
<br /> ° . insurartce as a cortdi�on of making the loan secured by this Oeed ot 7ro�st. Borrower shali pay 4ha gremiums requlred to
<br /> - _,�_: � maintain such insurence in eHect untfl such time as the requiremerrt tor such insurance terminates U aaxirdance with
<br /> � Borcower's and Lender's wrltten agreement or appticable Iaw.
<br /> - -- Any emounts disbursed uy Lencler pursuant to mis paragrapn i,wim irri�eresi ineroon.ai me ivaie raie.sraii.oecome
<br /> addi�onal indebtedness of Borrower secured by this Deed of Trust.Unless 9or�ower and Lertder agree to other terms of
<br /> payment, such arttounts shall be payabte upan no�ce from Lender to Borrower �equestlng payment thereof. Nothing
<br /> �' contalned in this paragreph 7 shal!require Lender to Incur am►expense or take arry action hereurtder.
<br /> 8. Inspectlon. Lender may make or cause to be made reasonable ent�es upon and tnspections of the Property,
<br /> � . provided that Lender shall give 8omower rtoUce prlor to arry such inspectlon specffying reasonable cause ther�efor rela4ed
<br /> to Lender's interest in the Properly.
<br /> 9.Condemnatton.The proceeds of any award or claim br damages.direct or consequen�al,in conrtection with a�r
<br /> _ condemnatton or other taking of the Property, or part thereof, or tor conveyance in Ileu of cortdemnation, are hereby
<br /> asslgrted end ehatl be pald td Lender,subject to the terms of any mortgage.deed ot t�ust or other security agreement with
<br /> a Ilen whiCh has prioriy over thia Oeed of Trust.
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