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<br />9.a,. 104366
<br />UNIFORM COVENANTS. Borrower and Lender covenant and tagtee as follows:
<br />1. PayllleM of Prktctpal and Itttlram. Borrower Ahait promptly pay when due the principal of and interest on the
<br />a2TabYdnassevidanced bythe ivoa, prapayminland fate Ghargesaa providedintheNote, andtheprincipai of andintereston
<br />il,ijr Future Advances secured by the f}ead o! Trust
<br />=. 2. Fwsdsbr Tatcea end Mwranco. Sub{ac t to appl[CShie taw or to s writMn waiver by Lender, Borrower shalt pay to Lender
<br />nthe day monlFlly ir1s411ments of pprrrncipat and intarsst arw payable undo the Trots, unfit theNOkt is ptid In tuts, alum (herein
<br />Funds " )equal Wono- twNtlh of the yearly !axes and assessments which may attain priority.over this Deed of Trust, and
<br />ydeeroaaund rantsan the Prnparry, itany, p�guasgnene•ewlNlth at frairly llretntum inrialttmanbtorfiazardinfenane"s, p�usone= twatMt of
<br />Le11 anmtM bins a�aae�sfmminn and bills and nieaionabyleii m# ""wood arsitlatM and from tithe to time by
<br />rTha Funds shell behold in an institution the dapositaor accounts of which are insured or guaranteed, byeFederaf orstale
<br />agency unetuding Lander of Lender is such an institution) Lender ahall apply the funds to pay an W taxes, assessntertts.
<br />insuranca premiums and ground rents. Lender may not charge (at sot holdin andappl ying this Fu riftanalyzing said account
<br />or verifying and compiling said assessments and bills, untras Lander pays (grower interest on this Fundsand applicable law
<br />that fntarost on _64 Funds shall bs paid to Borrower, end uniess ouch agresrrtent is made or a Pp Iicalbe law requires suctt-
<br />intarest to be paid, 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 crodits and debits to the Funds and the Purpose for
<br />which each debitto the Funds was made. The Fundsare pledged as additional security for thesumssecured bythis Deed of
<br />Trust.
<br />If the amount of the funds Held by Lender, together with the future monthly Installments of Funds payable priorto the due
<br />dates of taxes, aaseesments, insurance premiums and ground rants, shall exceed the amount required to pay said taxes.
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall tie, at Borrower's option. either
<br />promptly reeppaaid to Borrower or credited to Borrower on monthly installments of Funds. It the amount of the Funds held by
<br />LendershallnotbesufFidenttopayl axes, assessments. insurance prermuinsand ground rentsastheyfalldue .Borrowershaft
<br />Cto Lender any amount necessary to make up the deficiency within 30 clays from the date notice Is mailed by Lender to
<br />Borrower request marg payment thereof.
<br />Upon paymenVnfu:1 of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower anyFundshold by
<br />Lender. If under paragraph 18 ttoreof the Property is sold or the Property ih otherwise acquired by Lender. Lender shall apply.
<br />no later than immediately priarttothe sale of the Property or its acquisition by Lender, and Funds held by Lenderatthe time of
<br />application as a credit agates'! rwsums secured by this Deed of Tnist
<br />3. Application oilPaymanfs. Unless applicable law provides othrit wise, all payments received by Lender under the Note
<br />and paragraphs 1 and 2 he e3`slra.: be applied by Lender first in payment of amounts payable to Lender by Borrower under
<br />paragraph 2 hereol, thento, inlereslparabte an the Note, then to the pi i n cipal of the Note, andthen to interestand principal on
<br />any Future Advances.
<br />4. Chwoes; Lions. Borrowerssre a:i 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 leasehold payments or ground rents, it any, in the manner
<br />provided under paragraph 2 hefeot or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Borrtower halts 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 rriceipts evidencing such payments.
<br />Borrower shalt promptly discharge. any lien which has priority over this Deed of Trust, provided, that Borrower shalt not be
<br />required to discharge any such iienso long as Borrower shall agree in writing to the payment of the obligation secured by such
<br />lien in a manner acceptable to Lender, or shall in good faith contest such ben by, or defend enlorcoementof 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 />S. Hatwid Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by fire, hazards included within Me 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 require that the amount of
<br />such coverage exceed that ar. ip,�,nt of covetsge required to pay the sums secured by this Deed of Trust
<br />Thisinsurance carrier providing the insurance shall be chosen by Borrower subject to npprovat by Lendor, provided,that
<br />such approval shalt not be umessanably withheld. All premiums on insurance policies shall bit paid in the manner provided
<br />under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due. directly to the Insurance
<br />carrier.
<br />All insurance policies and renewals thereof shall be in form acceptable to tender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lander shall have the right to hold the pohcies and renewals thereo,and
<br />Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premiums. Intheaventof lose. Borrower
<br />shall give prompt notice to the insurance carrier and Lender. Lender inlay make pruuf of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be appliod to resto►Mionor repairof the
<br />Property darnaged, provided such restoration or repair is economically feasible and the sec tirity of this peed of Trust is not
<br />thereby impaired 111 such restoration or repair is not economically feasible or if the security of this D&W of Trust would be
<br />impaired, the insu ante proceeds shall begplied to the sums secured by this Deed of Trust, with the excess, if any, paid to
<br />Borrower. It the Property is abandoned tr# Brevrower, or it Borrower fails to respond to Leader within 30 days from the date
<br />notice is mailed by Lender to Borrower "s.ai!!Ne insurance carrier offers to settle o claim for insurefiCe benefits. Lender is
<br />authorized to collect and apply the insu ar :e proceeds at Wider!, uptwri either to resviratton or repair of the Property or to
<br />the sums secured by this Deed of Trust
<br />Unless Lender,and Borrower otherwiseagree in writing, any such apphcatiur i of ptocowJs to pnncipai shall not extend or
<br />postpone the duedafe of °ate monthly installments referred to in paragraphs t and 2 hereof or change the amount of such
<br />installments If under paragraph td hereof the Property is acquired by Lender, all itht. title, and interest ul Borrower In and fo
<br />any insurance policies and in and to the proceedsthereof resulting from damage to To Property pnor to thesaleor acquisition
<br />shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior fn such Bali or acquisition.
<br />•. Pratlervation and Maintenance of Pr V; Leaseholds; CondowiMume; Planned Unit borrower shal
<br />keep the Property in good repair and shall not commit waste or permit imppairment of deferiminfiono the Property and shall
<br />comply with the prowls( onsotany lease at this Dosed of Trust isonaleasehol! If this D" dof Trust 19 t►rrsunil one condominium
<br />or a planned unit development, Borrower shall perform ail of Borrower's obhgahurrs unclet the dec►atAtion or covenants
<br />creating or goveming the condominium or planned unit development. the by -laws and rttgulations of the condominium or
<br />planned unit development, and constituent documents. -a condominium or planned unit dawsi0 1 t edit is sic uted by
<br />Borrows/ and recorded togetfwr with this Wed of Trust, the covenants and sgresments of such it( ter %hall to incorporated
<br />into and shell entered and supplement the covenants and agreements of this E)eed of Tri sal As if the tKW we►n a part hereof
<br />7. Prof efon of Lender's Security. if Sorrtlwet 13sis to perform thecovenanl!i and ii!irtinmeide t r,r !.ant r1 m thug illmd of
<br />Trust or it any action or proceeding is commenced wilt+ matMially affects Lender's if in tht, I'rnloOrty. rr[r,ludmg but not
<br />limited to. eminentdomain. insol vency. codeenforcement. or arrangementsorpruct* ditigsifivolvaignftpaktupior({e odmit-
<br />ttlen Lender al Lender's option, upon notice to Borrower. may makes such appeerance9. dtyhuise ?tut.(+ sums tired take Stich
<br />action es is necessary b protect Lender's interest, including, but not limited to, disbursemei d of reu1At tnAble sitkrnay's Aces ilrid
<br />entry upon the Propertytomako fopans.ItLender requited mortgage Insurance as acoridmcrnofrnakmq trio loansect (redby
<br />the Deed of Trust. Borrower shall pay the premiums required to maintain such insuraritir" tai bffet.l until such time as the
<br />requirementlor such insurance terminates in accordance with Borrower's and lender 's written eyre>•rneriforappicalbelaw
<br />Rorrovw sru8 pay than amount of all mortgage insurance ammiums in the manner nruiidnd unrm Dar awn 2 hateof
<br />Arty Amounis disbursed by Lender pursuant to this paragraph 7. with interest tiiereuti. !mill tirrc.otre additional
<br />oridebledinese ofHortowwwtiiiedbythisDeerdolTrust Unless&rrriewet and lerideregi@w-tonth"tlermsofpiiVv*nt such
<br />amounts shrill be payable upon notice from lender to HorroA ter requesting payment hereof, an(f stall hmr iraetesthum the
<br />date ofdiabursementat the rate payable from time totime on outstanding p►inc+pal under thtt tints k iWesi payirertt opt interest
<br />of such rate wdald be contrary to appltcable lanr. in which avenl such atnotints shall hear ,nietellt at the r+ ghost rate
<br />pormsaible under applicable law fluiii�ngcprttainl�drnlh 5paragreprt7Sh�flirtHt !nrelt�nilnrfriu ( urrivot+ )e a "H11y
<br />a0un hereunder
<br />lk InawCYOn. LeAdet mpy triatti br (.muse tibe relator realitit,df.le unliw3ul)un awi utvi:L.'d,wo, nttrin f *rrri:, tt//.h+uvitlHil
<br />that t etMMr shall Vise Witniver wAit o pr -tit to any sui.h teasnnat,.e i : i,,rw ti-vit t, irt! to MV!o h) l ondt?t 1i
<br />tntefsat tr. the tJr,,,ilmit-y
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