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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows
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<br />1. Payment 01 Principal and Interest. Bo.-rower shall promptly pay when due the principal of and intel est on the
<br />Indebtedness evidenced by the Note, prepayment and late charges as provided in the Note. and the principal of and 1,1terest on
<br />any Future Advances secured by the Deed of Trust.
<br />2. Funds for Taxea and Insurance. Subject to applicable law or to a writlen waiver by Lender, Borrower shall pay to Lender
<br />on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein
<br />"Funds") equal to one-twelfth of the yearly taxes and assessments 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 one-twelfth of
<br />yearly premium installments for mortgage insurance, If any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed, by a Federal or state
<br />agency (including Lender if Lender is such an institution). Lender shall apply the funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this Deed of Trust
<br />that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicalbe law requires such
<br />interest 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 credits and debits to the Funds and the purpose for
<br />which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of
<br />Trust.
<br />If the amount of the funds held by Lender. together with the future monthly installments at Funds payable prior to the due
<br />dates of taxes, assessments, insurance premiums and ground rents. shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they fall due. such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly Installments of Funds. If the amount of the Funds held by
<br />Lender shall not be sufficient to pay taxes, assessments. insurance premiums and ground rents as they fall due. Borrower shall
<br />pay to Lender any amount necessary to make up the deficiency Within 30 days from the date notice is mailed by Lender to
<br />Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of T rus!. Lender shall promptly refund to Borrower any Funds held by
<br />Lender. If under paragraph 18 hereof the Property IS sold or the Property IS otherwise acquired by Lender, Lender shall apply,
<br />no later than immediately prior to the sale of the Property or its acqUISition by Lender. and Funds held by Lender atthe time of
<br />application as a credit against the sums secured by this Deed of Trust.
<br />3. Application of Paymenls. Unless applicable law provides otherWise. all payments received by Lender under the Note
<br />and paragraphs 1 and 2 hereof shall be applied by Lender first In payment of amounts payable to Lender by Borrower under
<br />paragraph 2 hereof, then to interest payable on the Note. then to the principal ot the Note. and then to interest and principal on
<br />any Future Advances.
<br />4. Charges; Liens. Borrowers shall 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, if any, in the manner
<br />provided under paragraph 2 hereof or. it not paid in such manner. by Borrower making payment, when due. directly to the
<br />payee thereof. BorrOWer shall 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 receipts evidencing such payments.
<br />Borrower shall promptly discharge any liE''l which has priority over this Deed of Trust; provided, that Borrower shall not be
<br />required to discharge any such lien so 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 lien by, or defend enforcement of 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 />5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by fire, hazards included within the 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 amount of co...erage required to pay the sums secured by this Deed of Trust.
<br />This insurance carner providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that
<br />such approval shall not be unreasonably withheld. All premiums on Insurance policies shall be 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 Lender ar.d shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof, and
<br />Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premIums. In the event of loss. Borrower
<br />shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwiSe agree in writing, insurance proceeds shall be applied to restoration or repair of the
<br />Property damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trust is not
<br />thereby impaired. If such restoration or repair is not economically feaSible or if the security of this Deed of Trust would be
<br />impaired, the insurance proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, if any, paid to
<br />Borrower. If the 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 Borrower that the insurance carner offers to settle a claim for insurance benefits, Lender is
<br />authoriz;:!d to collect and apply the Insu~ance proceeds at Lendet's option either to restoration or repair of the Property or to
<br />the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing. any suCh application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly rnstallments referred to in paragraphs 1 and 2 hereof or change the amount of such
<br />Installments. If under paragraph 18 hereof the Property is acquired by Lender, all right, tille and interest of Borrower in and to
<br />any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the sale or acquisition
<br />shall pass to Lender to the extent of the sums secured by this Deed of Trust Immediately prior to such sale or acqUisition.
<br />6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments. Borrower shall
<br />keep the Property in good repair and shall not commit waste or permit impairment of deterioration of the Property and shall
<br />comply with the provisions of any leaSe if this Deed of Trust is on a leasehold. If this Deed 01 Trust is on a unit in a condominium
<br />or a planned unit development, BorrOwer shall perform all of Borrower's obligations u'lder the declaration or covenants
<br />creating or governing the condominium or plar-ned unit development. the by-laws and regulations of the condominium or
<br />planned unit development. and constituent documents. If a condominium or planned Unit development rider is excuted by
<br />Borrower and recorded together with this Deed of Trust. the covenants and agreements of such rider shall be incorporated
<br />Into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a part hereof.
<br />7. Protection of Lender's Security. If Borrower falls to perform the covenants and agreements contained in this Deed of
<br />Trust. or if any action or proceeding is commenced with materially affects Lender's interest in the Property, including but not
<br />limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a bankrupt or decedent,
<br />then Lender at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums and take such
<br />action as is necessary to protect Lender's interest, including, but not limited to, disbursement of reasonable attorney's lees and
<br />entry upon the Property to make repairs. If Lender required mortgage insurance as a condition of making the loan secured by
<br />the Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect until such time as the
<br />requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicalbe law.
<br />Borrower shall pay the amount of all mortgage insurance permiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />Indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment hereof. and shall bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding princrpal under the Note unless payment of interest
<br />at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permiSSible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take any
<br />action hereunder
<br />8. Inl!MIctlon. Lender may make or causE' to be made reasonable entries upon and inspections of tile Property. provided
<br />that Lender shall give Borrower notice prior to any such inspection speclfyrng reasonable cause therefore related to Lender's
<br />Interest In the Property
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