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<br /> VICKI L .PFLASTERER JIM PFLASTERER 9 9 1 1 1 3 3 3 202895 11/27/1999
<br /> � UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest. Borrower shall promptly pay wheu due the principal and interest
<br /> indebtedness evidenced by the Note aud late charges as provided in the Note. �
<br /> 2. Funcls for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall pay to
<br /> Lender on the day monthly payments af principal and interest are payable under the Note, until the Note is paid in full, a
<br /> sum (hereiu "Funds") equal to one-twelfth of the yearly taxes and assessments (including condominium and planned unit
<br /> development assessments, if any) which may attaiu priority over this Deed of Trust, and gruund rents on the Property, if �
<br /> auy, plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium installments
<br /> for mortgage insurance, if auy, all as reasonably estimated initially and frorn time to time by Lender on the basis of
<br /> assessments aud bills and reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds
<br /> to Lender to the exteut tliat Borrower makes sucli payments to the liolder of a prior mortga�e or deed of trust if such holder
<br /> is an iustitutional lender.
<br /> If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of wbich are �
<br /> i�lsured or guaranteed by a Federal or state ageucy (including Lender if Lender is such an institution). Lender shall apply '�
<br /> the Funds to pay said taxes, assessrnents, insurance premiums and ground rents. Lender may not charge for so holding and
<br /> applying the Funds, analyzing said account or verifying and compiling said assessmeuts and bills, unless Lender pays
<br /> Borrower i�i±erest on the Funds and applicable law �ermits Lender to make such a charge. Barrower and Lender may agree
<br /> in writing at the time of execution of this Deed of Trust that interest on the Funds sl�all be paid to Borrower, and uiiless
<br /> such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower
<br /> auy iuterest or earuings on the Funds. Lender shall give to Borrower, without charge, au aimual accounting of the Funds
<br /> showing credits and debits to the Funds and the purpose for which each debit to the Fuuds was made. Tl�e Funds are
<br /> pledged as additional security for the sums secured by this Deed of Trust.
<br /> If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br /> the due dates of taxes, assessiYients, insurance premiums and ground rents, shall exceed the amount required to pay said
<br /> taxes, assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option,
<br /> either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br /> held by Lender shall uot be sufticient to pay taxes, assessments, insurance premiums and ground rents as they fall due,
<br /> Borrower shall pay to Lender any amount necessary to make up the deticiency in one or more payments as Lender may
<br /> require.
<br /> Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds
<br /> held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br /> shall apply, no later than immediately prior to tl�e sale of the Property or its acyuisition by Lender, any Funds held by
<br /> Lender at tl�e time of application as a credit against the sums secured by this Deed of Trust.
<br /> 3. Application of Payments. Uiiless applicable law provides otherwise, all payments received by Lender under the
<br /> Note and paragraphs 1 and 2 hereof shall be applied by Lender first iu payment of amounts payable to Lender by Borrower
<br /> under paragraph 2 hereof, then to interest payable on the Note, and then to the principal of the Note.
<br /> 4. Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perform all of Borrower's obligations
<br /> under any� mort�age, aeel of trust or oiher security agreeinent w;th a lien which tias priority over this Deed of Trust,
<br /> includiug Borrower's covenants to make payments wl�e�i due. Borrower shall pay or cause to be paid all taxes, assessments
<br /> and other charges, fines aiid impositions attributable to the Property which may attain a pri��rity over this Deed of Trust,
<br /> and leasehold payments or ground rents, if any.
<br /> 5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br /> insured against loss by fire, hazards included within the term "extended coverage", and such other hazards as Lender may
<br /> require and in such amounts aud for such periods as Lender may require.
<br /> The insurance carrier providing the insurance shall be choseu by Borrower subject to approval by Lender; provided,
<br /> that such approval shall not be unreasonably witl�held. All insurauce palicies and renewals thereof shall be in a form
<br /> acceptable to Lender and shall include a standard martgage clause iu favor of and in a form acceptable to Lender. Lender
<br /> sliall have the riglit to hold the policies and renewals thereof, subject to the terms of any mortgage, deed of trust or other
<br /> security agreement with a lien which has priority over this Deed of Trust.
<br /> In the event of loss, Borrower sl�ali give prompt notice to the insurance carrier and Lender. Lender may make proof
<br /> of loss if not made promptly by Borrower.
<br /> If tlie 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 Barrower that the insurance carrier offers to settle a claim for insurance benetits, Lender is
<br /> authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property or
<br /> to tl�e sums secured by tliis Deed of Trust.
<br /> 6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments.
<br /> Borrower shall keep the Property in good repair and shall not comruit waste or permit impairment or deterioration of the
<br /> Property and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust is
<br /> on a unit in a condominium or a plaYmed uuit developinent, Borrower shall perform all of Borrower's obligations under the
<br /> declaration or covenants creatinD or go�,�erning tlie condoininium or planned unit developinent, the by-laws and regulatioi�s
<br /> of the condominium or plamied unit developinent, aud constituent documents.
<br /> 7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this
<br /> Deed of Trust, or if any action or proceeding is conmienced which materially affects Lender's interest in the Property, then
<br /> Lender, at Lender's option, upon uotice to Borrower, may make such appearances, disburse such sums, including
<br /> reasonable attorneys' fees, and take such actiou as is necessary to protect Lender's interest. If Lender required mortgage
<br /> insurance as a condition of making the loan sec;ured by this Deed of Trust, Borrower shall pay the premiums reyuired to
<br /> maiutain such insurauce in effect uiitil such time as the requirement for such insurance terminates in accordance with
<br /> Borrower's and Lender's written agreeinent��r applicable law.
<br /> Any amouuts disbursed by Lender pursuant to tl�is paragraph 7, with interest thereon, at the I�iote rate, shall become
<br /> additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Leuder agree to other terms af
<br /> payment, such amounts shall be payable upon uotice from Lender to Borrower requesting payment thereof. Nothing
<br /> coutained in this paragraph 7 shall require Lender to incur any expense or take any action bereunder.
<br /> $. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property,
<br /> provided that Leuder shall give Borrc�wer notice priar to any such inspection specifying reasonable cause therefor related to
<br /> Lender's interest in the Property.
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