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<br />200700785
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest
<br />indebtedness evidenced by the Note and late charges as provided in the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall
<br />pay to Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is
<br />paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments (including condo-
<br />minium and planned unit development assessments, if any) which may attain priority over this Deed of Trust, and
<br />ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance, plus
<br />one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and
<br />from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower
<br />shall not be obligated to make such payments of Funds to Lender to the extent that Borrower makes such
<br />payments to the holder of a prior mortgage or deed of trust if such holder is an institutional lender.
<br />If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which
<br />are insured or guaranteed by a Federal or state agency (including Lender if Lender is such an institution). Lender
<br />shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not
<br />charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments
<br />and bills, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a
<br />charge. Borrower and Lender may agree in writing at the time of execution of this Deed of Trust that interest on
<br />the Funds shall be paid to Borrower, end unless such agreement is made or applicable law requires such interest
<br />to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give
<br />to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums
<br />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
<br />prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount
<br />required to pay said taxes, assessments, insurance premiums and ground rents as they fall due, such excess shall
<br />be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly installments of
<br />Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance
<br />premiums and ground rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the
<br />deficiency in one or more payments as Lender may require.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any
<br />Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by
<br />Lender, Lender shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender,
<br />any Funds held by Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender
<br />under the Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to
<br />Lender by Borrower under paragraph 2 hereof, then to interest payable on the Note, and then to the principal of
<br />the Note.
<br />4. Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perform all of Borrower's obligations
<br />under any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of
<br />Trust, including Borrower's covenants to make payments when due. Borrower shall payor cause to be paid all
<br />taxes, assessments and other charges, fines and impositions attributable to the Property which may attain a
<br />priority over this Deed of Trust, and leasehold payments or ground rents, if any.
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br />Property insured against loss by fire, hazards included within the term "extended coverage", flood and such other
<br />hazards as Lender may require and in such amounts and for such periods as Lender may require.
<br />The insurance carrier providing the insurance shall by chosen by Borrower subject to approval by Lender;
<br />provided, that such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall
<br />be in a form acceptable to Lender and shall include a standard mortgage clause in favor of and in a form
<br />acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof, subject to the terms
<br />of any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make
<br />proof of loss if not made promptly by Borrower.
<br />If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the
<br />date notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance
<br />benefits, Lender is authorized to collect and apply the insurance proceeds at Lender's option either to restoration
<br />or repair of the Property or to the sums secured by this 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 commit waste or permit impairment or deterioration
<br />of the Property and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. If this
<br />Deed of Trust is on a unit in a condominium or a planned unit development, Borrower shall perform all of
<br />Borrower's obligations under the declaration or covenants creating or governing the condominium or planned unit
<br />development, the by-laws and regulations of the condominium or planned unit development, and constituent
<br />documents.
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