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UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows- 89-1 0036
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and Interest on the
<br />indebtedness evidenced by the Note, prepa merit and late chargesas provided in the Note, and the principal of and interest on
<br />any Future Advances secured by the Deed of Trust.
<br />2. Fundsfor Taxes and insurance. Subject to applicable law or to a written waiver by Lender. Borrower shalt pay to Lender
<br />on the day monthly installments of principal and Interestare payable under the Note, until the Note is paid in full, a sum (heroin
<br />"Funds ") equal to one - twelfth of the yearly taxes and assessments which may attain priority over this Deed of Trust, and
<br />ground rents on the Property, if any, plus one - twelfth of yearly premium installments for hazard insurance, plus one - twelfth of
<br />yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed, by a Federal or state
<br />agency (including Lender it Lender is such an institution). Lender shall apply the funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds andapplicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this Dead of Trust
<br />that interest on the Funds shall be paid to Borrower, and unless such agreement is made or appllt:albe law regwires such
<br />interest to be aid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to
<br />Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds ant( +the purpose for
<br />which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of
<br />Trust
<br />If the amount of the funds held by Lender, together with the future monthly installments of. Funds payable prior. to the due
<br />dates of.taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxe%
<br />assessments, insurance premiums end ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited. to Borrower on monthly installments of Funds. If the amount of the Funds held by
<br />Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due. Borrower shall
<br />pay to Lender any amount neces -ary tc make up the deficiency within 30 days from the date notice is mailed by tender to
<br />mnrower requesting payment thereof.
<br />Upon payment in!ull ofall sums secured by this Deed of Trust, Leriderehall promptly refund to Borrowerany Funds held by
<br />L ender. If under paragraph 18 hereof the Prop" is sold or the Property is otherwise acquired by lender, Lender shall apply,
<br />no later than immediately prior to the sale ofthe Property or its acquisition Cy Lender, and Funds held by Lender atthetime of
<br />application as a credit against the sums secured by this Deed of Trust
<br />3. AppNcatlon of Payments. Unless applicable law provides otherwise, all payments received by Lender under the Note
<br />and paragraphs land 2 hereof shall be applied by Lender first in payment af gmounts payable to Lender by Borrower under
<br />paragraph a hereof, then to interest payable on the Note, then to the prircipalul the Note, and then to interest and principal on
<br />any Futui -e Advances.
<br />4: t harW; Uens. Borrowers shall pay all taxes, assessments and other charges, fines and impositions attributable to the
<br />Property which may attain a priority over this Deed of Trust, and teasenetd, payments or ground rents, . if any, in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shall make payment directly. Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />'Pvi-tipuy di3% haiga any fief, which has priuriiy ovcrr this Deed of Trusi; providea, brat borrower shaft not be
<br />requiredto dischargeany such lien so long as Borrower shall agree in writing tothe payment of the obligation secured by such
<br />lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien in, legal
<br />proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />5. Hazard insurance. Borrower shall keep the improvements now existing or hereafter erected on. the Property insured
<br />against loss by fire, hazards included within the term "extended coverage ", and such other hazards as Lender may require
<br />and in such amounts and for such periods as Lender may require; provided, that Lender shall not r wire that the amount of
<br />such coverage exceed that amount of coverage required to pay the sums secured by this Deed of Trust
<br />This insurance carrier providing the insurance shall be chosen by Borrower subject to aa��t(z roval by Lender, provided, that
<br />such approval shall not be unreasonably withheld. All premiums on insurance policies shaltN paid In the manner provided
<br />under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, vrhen due, directly to the insurance
<br />carrier.
<br />All insurance policies and renewals thereof sha R be in formacceptable to Lender and shall includes standard mortgage
<br />clause in favor of and iirtorm acceptable to Lender. Lender shat! have the right to hold the policies and renewals thereof. and
<br />Borrower shall prompptly furnish to Lender all renewal noticesand, e11 receipts of paid premiums. In the event of loss. Borrower
<br />shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repay , ofthe
<br />Property damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trust is not
<br />thereby impaired. If such restoration or repair is not economically feasible or if the security of this Deed of Trust would be
<br />impaired, the insurance proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, if any, paid to
<br />Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date
<br />notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim far inssra -hoe benefits, Lender is
<br />authorized to collect andapply the insurance proceeds at Lender's option either to restoration or repair of the Property or to
<br />the sums secured by this DDeed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or
<br />postpone the due date ofthe monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such
<br />installments. if under paragraph 18 hereof the Property Is acquired by Lender, all right, title and interest of Borrower in and to
<br />any Insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the sale or acquisition
<br />shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such sale or acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds ;Condominiums; Planned Unit Developments. Borrower shall
<br />keep the Property in good repair and shall not commit waste or permit impairment of deterioration of the Property and shall
<br />comply with the proviVonsof any lease if this Deed of Trust is on a teasehold. If this Deed of Trust is on a unit in a condominium
<br />or a planned unit development, Borrower shall perform all of Borrower's obligations under the declaration or covenants
<br />creating or goveining the condominium or planned'unit development, the by -laws and regulations of the condominium or
<br />planned unity development, and constituent documents. If a cartdominium or planned unit development rider is excuted by
<br />Borrower and recorded together wittr this Deed of Trust, the cmverrants and agreem m of such rider shall be incorporated
<br />into and sh2itl amend and supplemenC the covenants and agrees:zents of this Deed of Trost as if the rider were a part hereof.
<br />7. Protection of Lendsa's Security. If Borrower tails to perform the covertents and agreements contained in this Deed of
<br />Trust, or if any action Qir proceeding is commenced with materia]ly affects Lender's interest in the Property, including but not
<br />limited to, eminent dorraen, insolvency, code enforcement, or arrangements or proceedings involving a bankrupt or decedent,
<br />the Lender at Lender's option, upar�inotice to Borrower, may make such appearances, disburse such sums and take such
<br />action as is necessary to protect Lend'er's interest, includingg, brit not limited to, disbursement of reasonable attorney's fees and
<br />entry upon the Property to make repairs. If Lender required mortgage insurance as a condition of making the loan secured by
<br />the Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect until such time as the
<br />requirementfor such insuranceterminates in accordancewith Borroweesand Lender's written agreement orapplicalbe law.
<br />Borrower shall pay the amount of all mortgage insurance permiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />indebtednessol Borrower secured by this Deed of Trust Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shalt be payable upon notice from Lender to Borrower requesting payment hereof, and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of interest
<br />at such rate would be Contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicabte law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take any
<br />action hereunder .
<br />d. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />_ -_ that Lendershall give Borrower notice prior to any such inspection specifying reasonable cause therefore relatedto Lender's
<br />interest in the Property.
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