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<br />UNIFORM COVENAM. 15, &trrowet anti Tender cownvoll and agree ac follows:, . ��� 1"46
<br />1. Ponsetst M alai Isrterraf. Bt+tremur:%hall promptly pay when -due the principal of and interest on the
<br />indebtedness evidenced by t t; Note, prcpzym4il tart,dIAte charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured hl thii llxvd�►f T'tust.
<br />1 t +lists lar Tasq Rai bttstraaeee. Scthhect to applicable law or to a written waiver by Lender. Borrower shall y
<br />to Lender on the'day maathly installmmis at, principal and interest are payable tinder the Note, until the Note is paid in full.
<br />a sum (herein "Fun"') equal to one•i�itp'. of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust. and ground rents on the Propttty. it any, plus one - twelfth of yearly premium installments. for hazard insurance.
<br />plus one-twelfth of yearly premium instadldil nis for mortgage insurance, if any. all as reasonably estimated initially and from
<br />tittle to time by Leader on the basis of asaeasvotnts and hill- _nd reasonable estimates thereof.
<br />The Funds shall be held in an instihttiowthe deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if L erWr is swift an institution?. Lender shall apply iba Funds to pay said taxes, assessments.
<br />insurance premiums and ground rents: Lender may not charge for so holding and applying the Funds, analyting said account
<br />or verifying and compiling said assezcmmis and hills, unless. Lender pays Borrower interest on the Funds and applicable law
<br />�ernlltit Lender to stake such a 0, ,e.
<br />LT M, Borrower and Lender may agree in writing at the time of execution of this
<br />Deed of Trust that interm-on t1w. Feud# shall be paid to Borrower, and unless such agreement is mate or applicable taw
<br />requires such interest to fx paid. Lender shatll not 6e. required to pay Borrower any interest or earninggs on the Funds. Lender
<br />shall give to Borrowrer. witbnut charge, art amtraal accounrrng of the Funds showing credits and debits to the Funds and the
<br />pnrpoae for which a sent debit to rhea Fungi was made. The Funds are pledged as additional security for the sums secured
<br />(y chit Deed of Trust.
<br />it the amrntnt of the F'sienili; ;tertat isy Lender, trsaether with the future monthly installments of Funds payable prior to
<br />the dire dates of tarax. asstns:iii�,.IYtsurattce premiums and ground rents. shall exceed the amount required to pay said taxes.
<br />Cd essmedue, such excess shall be, at Borrower's option, either
<br />repaid to Borrower or credied to Borrower on monthly installments of Funds. If the amount of •the Fundc
<br />6y Lender shall not; be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to I.tender anyf amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Ldrstler to Bormwea rnquestng payment thereof.
<br />Vpcm psymatt fn full of 211 sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any Funds
<br />held by fender. If under paragraph 18 hereof the Property Is sold or the Property is otherwise acquired by Lender. Lender
<br />shall apply, no Immi than immediately ,prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender at thr time o' application as a credit against the sums secured by this Deed of Trust.
<br />3. All tlleaelsai of Taymeats. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Not* and �fhs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under pus 2 hereof, then to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />pritrs on.any Future Advances.
<br />Vhsal ea; Lifts. Borrower shall rrzyr all tares, assessments. av either charges. fines and impositions attributable cr-
<br />the )property whirl. t :tray attain a priority prier this Deed of True1 zxnd :'leasehold payments or ground rents, if any, in use
<br />manner provided =der paragraph 2 hereof, c: if not paid in such-mama: r by Borrower making payment. when due, directly
<br />to tlaepayee thereof. Borrower shall promptly furnish to Tuvrider all notices of amounts due under this paragraph. and in the
<br />even .,:*mower shall make payment directly, Borrower s_ XR gromptly, furnish to lender receipts evidencing such payments.
<br />Scrnatteei shall promptly discharge any lien which has priority over this [geed of Trust. provided, that Borrower shall not he
<br />required to discharge any such lien so tong as Borrower shall agree in writing to the payment of the obligation secured by
<br />such bin in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien in.
<br />legal proceedings which operate to prevent the,entercement.of the lien or forfeiture of the Property or any part thereof. -
<br />S. �tawrarsce. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />agaitrz toss by fire, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />and in,ftrch amounts and for such periods as Lender may require. provided, that Lender shall not require that the amount of
<br />such c.versge accord that amount of coverage required to pay the a n,,L secured by this Decd of 1 rust.
<br />The insurance carrier providing the in :wjf ance shall be chosen 'vJ •1orrower subject to approval by lender: provided.
<br />that such approval shall not be unreasciiu Jk-,, Jthheld. All prem3uttm•.• .)n insurance policies shall be paid in the maataer
<br />provided udder paragrapb 2 hereof or: if nzr, ;*W in such manner, by:Borrower making payment. when due. directly to
<br />Insurance earner.
<br />AR insurance policies and mi:ewals t •ercer shall be i . t- +dim acceptable to fender and shall Include a e >,w.-da.cd morrg4 --e
<br />clause :n favor of and in form acceptable ca, rumder. Lender shall hive the right to hold the pal *Rises and ; e,nwats
<br />and Borrower shall promptly furnish to Lcrrl.rz:, all renewal notices L,,;ttall receipts of paid pre^t,;,,isyn. in :fie went of
<br />Borrower shall give prompt notice to the insurance carrrer and Lender., k4nder may make proof of Soss If nct'r.Rlde promrdy
<br />by Borrower.
<br />Bless Leader and Borrower otherwise agree in writing. Insuranst ppr"ceds shall be applied to restorahi.-p. or repair of
<br />the lit's0crty damaged, provided. such restoration or repair Is economically feasible and the security of this MAisd of Trust is
<br />not tbOtby impaired. it such, v'.. ration or repair is not cconomicaJiii feasible or of the security of this Deed of Trust would
<br />be impaired, the insurance pro& -ds shad! lie. applied to the sums scl :- <n d by this Heed of Trust. w; _?r the excess, if any. V& .,J
<br />to Borrower. If 1-3c Property is ab,%rt4fr +r..rt, I3Y.. Borrower. or if fails to respond to Landes within 30 days from. Oita
<br />date Mice is ma:lvd by Lender to illy. ��. :• that the insurance carnet, :::fiers to settle a claim for insurance benefits. I.enucr
<br />is authorized to collect and apply one insurance proceeds at Lendce%i' action either to restoration or repair rrf the Property
<br />or Co. shirt: sums secured by this EL-ed of Trust.
<br />Unless Lender and Borrower otherwise agree in wnrn;g, any such application of proceeds to not extend
<br />or postpone the due date of the monthly iuszallmenls referred to in paragraphs l and 2 hercci ,:.r J,:.,nge the amount of
<br />such installments. If under paragraph : f4 bltG;t�:r.;f the Property is a"u7ied by ender, all right, eisir. and interest of Borrower
<br />in and to any insurance policies and in arsd rrr• the proceeds thereof r „-nliing from damage to the ;property prior to the safe
<br />or a Nuisitiou shall pass to i errder s .,d• Jw cs feast of the sums s.,ccured tr,: this laced of Trust Immediately prior ro such safe or
<br />acquhliti oo.
<br />$ hsrrsrvatkts sni Mabitile ace of Itoperty. Leasetutilils; Cotsdodafaiusns; nutted Valk Developments. Borrower
<br />shad ktep the Property in good repair and shall not coninut wash or penim impairment or deterioration of the Property
<br />and shale comply with the provisions of any lease if this Deed of Trust is on a leasehold. if this Deed of Trust is on a unit in a
<br />condominium or a planned unit development. Borrower shall pedurnt all of Borrower *s obligations under the declaration.
<br />or covenants creating or governing the condominium or planned unit development. the by -laws and regulations of the
<br />condominium or planned unit development, and constituent documents. If a condominium or planned unit development
<br />rider is executed by Borrower and recorded together with this teed of Trent, the covenants and agreements of such rider
<br />shall he incorporated into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider
<br />were; a part hereof.
<br />T. is WKd@s Of Ltaiees Security. If Burrower fails to perform the cotenants and agreements contained to this
<br />Deed of Trust. or it any action or proceeding Is commenced which materially Accts 1 erader's interest in the Property.
<br />including. but not ( imited to, eminent domain, insolvency. code enforcement, or arraugeatents or praceedingc Involi,ing a
<br />bankrupt or decedent, then Lender at Lender's option, upon nuUce to Borrower, may make such appearances, dishruse such
<br />awns and take such action as is necessary to protect Lenders interest. including. but not limited to. disbursement of
<br />reasonable attorneys fees acrd entry upon the Property to make repairs If Lender required mortgage imurdncc as a
<br />corrdition of making the loan secured by this teed of 'Trust. Borrower shall pay the premwms requrrrd to tnarntam_ such
<br />srt:l:li`"� i,: eft until zu.-h� tunic. :s Otc Fcquircnxni fe,G shots rinttentir. tcrtntttatcs to a.crlydance with ilnrrctwer s and
<br />tenders written agreement or allgilicable law. Borrower shall pay the amount of all ntcutgagc insurance prenriunn m the
<br />mariner provided under paragraph 2 hereof.
<br />Any amounts disbursed by I ender pursuant to this paragraph T, with isiteresi thereon, shall PT01111c additional
<br />indebte:drteas of Borrower secured by this Uee4 vl Trust Unle-is Borrower and 1 Crider agtce rrr ether terms of payruent, such
<br />arrtt<tints shall tie payable upon notice from lender tit Borrower rcquc%ntig payment thercrf. and shall hc.Ir intvrcvt floor the �t
<br />date of disbtirsement'at the rate PAVA ile futrn iitrc - ts. letter nn n�rtetan_Irna Cyn_ ;�yl yn :.f @r rttQ` R;;;tC Fitis� "si �•ojfniai rat ii.tirfri ' y
<br />21 srsch rate stelitfd be contrary to applicable law, io whr;h went such arrrrants PhD hcar interev at the hight%i rare ir`r
<br />pesmiwhle undet applicable lase ?4athrr►g cT :ntarr +cd in Ibis paragraph 7 0311 rcgnire t ender to rtt_ur anv caltct,sr tit take
<br />any asticttt hereunder. ,
<br />i- 1OWtieA. I Crider assay rriaito vt came to he made r,au1T r :W,, e.•ri,c. ,p.••. :_n.1 ,•+,1. >... t-0115 of !h: PteE +etts. Et. .1d :,§
<br />that i cr„Icr shalt gilt• Bvrruwer n_+ttce putt pr ,.ra) ::r,h impcctr.,rs spekAum? iea,+ n.: ^!_ ,..,:+. tir•.•rc•t,•• n-'.,rr.l +.• I r...h • k
<br />,ntereit if) tire. Yroptriv
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