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202503228 appurtenances, and fixtures now or hereafter a part of the Property. All replacements and additions shall also be covered by this Deed of Trust. All of the foregoing is referred to in this Deed of Trust as the "Property." NOW THEREFORE, in consideration of the mutual covenants and obligations set forth herein, the parties agree as follows: 1. Payment of Principal and Interest. Borrower shall pay when due the principal, together with any interest, fees, charges, escrow funds and other costs associated with this Deed of Trust, including any amendment, extension or renewal thereof, according to the terms specified in the Note. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender. 2. Location of Payment. Borrower will make payments as discussed in the clause above at a location later specified by the Lender in writing. 3. Partial Payments. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Deed of Trust or performing the covenants and agreements secured by this Deed of Trust. 4. Prepayments. If Borrower is not in default of this Deed of Trust, Borrower may prepay all or a portion of the Principal Amount, without penalty and according to the terms of the Note. Prepayment shall not relieve Borrower of its obligation from making payments when due under the Note and this Deed of Trust or performing the covenants and agreements secured by this Deed of Trust. 5. Application of Payments. Except as otherwise described in this Deed of Trust, all payments accepted by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due for Escrow Items (as defined herein) due under this Deed of Trust. Such payments shall be applied to each payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Deed of Trust, and then to reduce the principal balance of the Note. Any application of payments, insurance proceeds, or other amounts to principal due under the Note shall not extend or postpone the due date, or change the amount, of the periodic payments due under the Note. 6. Funds for Escrow Items. A. Escrow Items. Borrower shall pay to Lender on the day periodic payments are due under the Note, until the Note is paid in full, a sum to provide for payment of amounts due for (a) taxes and assessments and other items which can attain priority over this Deed Of Trust, such as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; and (c) premiums for any and all insurance required by Lender under this Deed of Trust. These items are called "Escrow Items." At origination or at any time during the term of the Loan, Lender may require that community association dues, fees, and/or assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall also be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts 2/10