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<br />UNIFORM COVENANTS Borrower and Lender covenant and agree as hollows • v" Rq `1 02619
<br />1. Payment of Principal and Interval. Borrower shall plomptiy pay when due the principal of and interest on the
<br />Indebtedness evidencedby the Note, prepayment and late charges as provided in the Note, aced the principal tit and interest on
<br />any Future Advances secured by the Deed of Trust
<br />Z, Fundefor Taxes and Insurance. Subject to applicable law or to a written waiver by Lendet. Borrower shall pay to Lender
<br />on the day monthly installments of principal and interest are payable under the Note• until the Note is paid in full, a sum therein
<br />"Funds ") equal to one - twelfth of the yearly taxes and assossiments which may attain priority over this Deed of Trust. and
<br />ground rents on the Property, it 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 shalt be held inan institution the deposits or accounts of which are insured or guaranteed, by a Federal or stale
<br />agency (including Landef it Lender is such an institution). Lender shall apply they funds to pay said taxes, assessments.
<br />Insurance pt rniumsandgroundrents Lender may not charge for so holding randapplying the runds ,anatyz,rg,,5a;daccount
<br />or veritytngand cotn%^ilmgsaid assessments and bills, unless Lender pays Barrowe.r. interest on the Fundgat rd-a pplicable law
<br />permits Lender to make such a charge Borrower and lender may agree in writing at the time of e•xecu fiorr t;f fhis peed of Trust
<br />that interest on the Funds shall be paid to Borrower, and uniess such agreement is made or tl(.:rlf , c�!U�!aw requires such
<br />interest to be Raid, Lender shall not be r"utred to pay Borrower any interest or earnings on thh•t: [ v-as. Lender shall give to
<br />Borrower, without charge, an annual accounting of the Funds showing credits and debits to the 1, Winds and the purpose for
<br />which each debit to theFunds was made The Funds pto pledged asri ditlonaIse curityforthesumssecuredbythisDeadof .
<br />Trust.
<br />It the amount of the funds held by Lend(ir,.together with the Mill monthly Installments of Funds payable prior to the due
<br />dates of taxes, assessments, insurance periVitams and ground refits, shall excised the amount required to pay said tax(,,,.
<br />assessments, Insurance premiums and• f(itjnd rents as they fair due. such excess shall be, at Borrower's option. ei(fler
<br />promptly repaid to Borrower or credited 1v-i3orrower on monthly InstailmPnls of•runds If the amount of the Funds held by
<br />Lender shall not be sufficient to pay taxes, assessments. Insurance pr emnums and ground rents as they fall due Borrower snail
<br />ppay to Lender any amount necessary to make up the deficiency within 30 days lt. ^m the date notice Is mailed by Lender to
<br />Borrower requesting payment thereof
<br />Upon payment in full of all sums secured by this Deed of Trust Lender shall promptly refund to Borrower any Funds held bi�
<br />..lender If under paragraph 18 hereof the Property Is sold nr tnft Property Is otherwise acquned by Lender Lender shall aan.N•,
<br />no Mater than Immediately prior tothe saleof M- property or Its acquisition fly Lender. and Funds held by Leader at the brie`.
<br />application as a credit against the sums fiecurrt;l.by this Deed of Trust
<br />3. Applicalicrrof Psymonts.(1riless ap- citcable law provides otherwise. all payments received by Lender under the Note
<br />ii1-4 pvagraphs 1 and 2 hereof shall be by Lv-Jer first in payment of amounts payable to Lender t} Borrower under
<br />pa!sSfi aphh 2 hereof. then to interest gc7yat+ie .�,7he Note then to the pnt•cipal of the Note, and then to Interest and principal on
<br />any Future Advances
<br />4. Charges• Liens. Borrowers Shall pay; L•'1lltaxes. assessments and other charges, fines and Impositions artrtbutabic ttt Ine,
<br />Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any. to the marine!
<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 Eve under this paragraph, and in the event
<br />Borrower shall make payment directly. Borrower shall promptly furnish, try LerTler receipts evidencing such payments
<br />Borrower shall promptly discharge any hen which has priority over this Deed of Trust provided, that Borrower shall not be
<br />required to discharge any such lien so tong as Borrower shall agree in writing to the payment of the obligation secured by such
<br />w ~a::^ fi: h =:G3 suc::::v: by • tItc -nw •..
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<br />proceedings which operate to prevent fhe enforcement of the lime or forfeiture of the Property or any part therecit
<br />S. Hattard Insurance. Borrower shall keep the improvements now existing er ffieteafter erected on the Property insured
<br />against loss by tire. nazards Included wither. the Tenn "tlltrentiCt7 cweiaye a: v', sut..ee othet hataids as Lender may require
<br />anti in such amounts and for such periods as Lender mat require, provided, that Lender shall not requtre that the amount of
<br />sucin coverage exceed that amount of coverage required to pay the sums secured by this Deed or Trust
<br />Phis insurance carrier providing the insurance shall be chosen try Borrower subject to approval by lender, provided, ilia
<br />suchapprOval shall not be unteasonabty w H Rheld All premiums an r.aar•lnce policies shall bu paid in the manner provided
<br />ta�der paragraph 2 hereof or, i` r,0t paid, ° ,uth manner, by Bortow,cir making payment. when due directly to the insurance
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<br />All Insurance policies and rariCwals thereof shall be to form arceptable to Lender and shall Include a �.tandard mortgage
<br />clause !n favor of and inform acceptable t;,% Lender Lender shal! have Ina I fight to hold the policies and renewals thereof, and
<br />Borrower shall promptly furnish to Lender, ali:renewal notices and all receipts of paid premiums In the event of suss Borrower
<br />shall give prompt notice to the insurance t a.� per and Lender Lendet may make proof of loss if not made promptly by Borrower
<br />Unless Lender and Borrower otherwise agree in writing. Insuranceproceeds shall be applied to restoration or repair of the
<br />Property damaged, provided such restoraticn or repair is economically feasible and the security of this Deed al Trust is not
<br />thereby impaired It such restoration or repair is not economically feasible or of the security of this Deed of 7-.jst 7-.j would be
<br />impaired. the Insurance proceeds shall be applied to the sums secured by this Detea of Trust. with the excess. It any, paid to
<br />Borrower it the Property is abandoned by Borrower, or it Borrower falls to r"pos.0 fu Lender within 30 days . from the date
<br />notice is mailed by Lender to Borrower that• the insurance carrier r3tteis to settle a claim for insurance benefits. Lender is
<br />authorized to collect and apply the inswarne proceeds at Lender s • .Doticn pilhec to vesioralion „r reoau .f tae Property ttw tt•
<br />the sums secured by this Deed of Trust
<br />Unless Lender and Borrower otherwise agree In writing, any such application of 5roceeds to principal shall not extend or
<br />c ostpone the due date of the monthly installments referred to In paragraphs 1 ane � hereof or Change the amount of such
<br />installments 11 under paragraph 18 hereof the Property is acquired by Lender. a,. ••;uaot, title and interest of Borrower in and !o
<br />anyi nsurancepoliciesandinandtothepr oceedsthereofresultingfrcrmcamagetc' ePropertypriortothesafeoracquisivori
<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, al Prtspertyt Leaseholds; Condominiums; Planned Unit Developments. Borrower snail
<br />keep the Property In good repair and shawl not commit waste or permit impairme M.-af deterioration of the Property and shall
<br />comply With the provisions of at. T iaase if this Deed of T -. -. ;! •s on a lea °.,eho!d if thisCeed of Trust is on a uluttrt ar condominium
<br />or a planned unit development, , Bortower shat( perfo�- all of Borrower's obligaLs;ns under the declarw3u- ''ar covenants
<br />creating or governing the condominium or planned a -t" development. the by-laws and regulations of the? condominium or
<br />planned unit development. and constituent documents Ii a condominium or planned unit development rider is excuted by
<br />Borrower and recorded together with this Deed of Trust. the covenants and agreements of such rider shall be incorporated
<br />Into atid shall amend and supplement the covenants and agreements of this Deed of Trust as it the r•der ✓.ere apart hereof
<br />7. Prolection of Lender's Security. If Borrower fats to perform the covenants and agreements contained in this Deed of
<br />Trust or it any action or proceeding is commenced with materially affects Lender's interest in the Property, fnc!uding but riot
<br />limited to, eminent domain, insolvency. code enforcement or arrangements or proceedings involving a bankrupt or decedent
<br />then Lender at Lender's option, upon notice to Borrower, may make such appearances. disburse such sums and take such
<br />action as is necessaryto protect Lender's interest, including, but riot limited to. disbursement of reasonable attorney's fees and
<br />entryy upon the Property to make repairs If Lender require mortgage insurance as a condition of making the loan secured by
<br />! ^e Deed of Trust Borrower shall pay the premiums required to maintain such •n;urance to effect until such time as the
<br />regturemenifor such insurance terminates to accordance with Sofrower's and Lender s written agreement or apphcalbe raw
<br />Borrower shall pay the amount of all mortgage insurance permiums In the. tn,irine• pro ✓,did under paragraph 2 hereof
<br />Any, amounts disbursed by Lender pursuant to this paragraph I w-th Interest therpur, ,hail tie( ur' v additior•.il
<br />indebtedness cl Borrower secured bythisDgedof Trust Unless 01`1ewerart dLwider; lgre! eto Ufhf•rrr.rn,,,Ofj)ayrnp•1t.5ut11
<br />amounts shall be payable upon notice from Lender to Borrower requestny payrrient hf -teof anrt !„hat! ht•.It Interest 1r[,rn rhn
<br />date of disbursement at the rate payable from time to time on outstand•rig pn • ,,.,psi of ,rler me h.,1! ur. t •�s [dyer.( r.I I rf I •,u r t•yt
<br />at such rate would be contraty to applicable la* to *r, Lt, fryi,nt tiU' Y r, ,vr-r4 •7•it• bear ••tv *f ,f ,it inr r ghr;t r.Itr•
<br />gno misslb ;e under apG•icnb a law l ;na rf, 1 r o n , icon !•. n.. r .l ^V t •hr nit nr t t4r 7t, .
<br />a(I -fo) hrteander
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