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<br /> � . UNIFORM COVBNAN7'S.Horrow'�r and Lender wvenent and a�rao as foilowa: ' � �8�° QI� �
<br /> � , t. P�ymen!ot Principa!�nd tnterat�Barrower ahull pmmptty pay when due the principat nnd interest indebt�ness eviden�by
<br /> , the Noto nnd luta chnrges ns provlded in the Noto. �
<br /> 2. Ftinds for Taues and tnsuraace.Subjcct ta appliaablu Iaw or a written weivcr by Lcnde�,9orrotiver ahall pay to Lender on the
<br /> � ' dny monthly paymente of ptincipal and interest are payabto undar tha Note,until the Note is paid in tLll,u sum(herein"Furtda")equnt to one- '
<br /> �� , twelRh of the yearly tnxes and assessments(including condominium nnd planned nnit devetopment ossessmen�,if any).which may attuin
<br /> priority over tf►is Dced of 1tust,und ground renta on the Propeny,if any,plua one-twelflh of yeurly premium insdilimeate for hnzntd insurance, .
<br /> ' plua one�hveltih of yeurly premfum insmllments for martaoge ine.uranao,if any,ull av�ensonubly estimrted initially and iMm time to dmc by
<br /> i�►der on the basis of ussessmrn�s and billa ond reaso��ablo csHmatus tharcof,�arrowcr shall not be obJigoted to m�lce such payments of Funds
<br /> • to Lertder to the extent that Borrower makcs such paymenta to the haldac of s pdot mortgage or deed of trust if such holder is nn institurionnl �••
<br /> Icnder. •
<br /> '�.�1�`: If Horrower paya Funds to Lender,the Funds shatl be held in an insHtutian the deposits or occovnts of which nrz insured or gumm�teed
<br /> �'�""� by o Fedeml or stnte ugency(including Lender if Londer ie suoh an in�titudan�,I,ender shall apply the Funds to pay snld mxes,assessmenta,
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<br /> � . , ' insurance prtmiums nnd graund rente.L.ender may nat chnrBe for sa haldinp und app�ying the Furtds,annlyrzing said account or vetify[na and ' f:
<br /> ' � comp�ling sutd assessments and b111s,unless I.ender pays Botrower intarest ofl,the Funds and appficabte law pe►mita I.cmder m makc such a •�:�.`
<br /> + charge.Borruwer nnd Lender may ogrce in wddng at the tlma of exeoutiqn uf thia Deod of Ttust thnt intenxt on the Furtds shali be pa�d to ":�;-
<br /> � ' Borrowu,and unless such agceanent is mcsda or eppliaabta lmv nx�uiros suah intaresc to be paid,l�ertder shnll not be�equired to pay Borrawer '
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