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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Paymenlat Principal and In"'" Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note. prepayment and late charges as provided in the Note, and the principal of and interest on
<br />any Future Advanc:es secured bytheDee<f ofTrust ,',' " ' ,'., "
<br />2. FundsforT_ ,nd In.urance. Sublectto applicable laworto a written waiver by Lender, Borrower shall pay to Lender
<br />on the day monthly installments 01 principal and interest are payable underthe Note, until the Note is paid in full, a sum (herein
<br />"Funds") equal to one-twelfth 01 the yearly texes and ,assessments which may attain priority over this DIied of Trust, and
<br />ground rents on the Property, If any, plus one~twelllh 01 yearly premium installments,for hazard insurance, plus one-twelfth'of
<br />ye~"'y premium installments for mortgage insurance, II any, all as reasonably estimated initiillly,and frOm time to time by
<br />Lender on the basis 01 assellSments and bills and reasona61e estimataa thereof. ',,'
<br />The Funds shall be held In an Institution the deposits or ac\:ounts of which are insured orguarentaed, 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 />orverllying andcomplling said assessments and bills. unless Lender pays Borrower interest on the Fundaand applicable law
<br />permits Lender to make such a charge. Borrower and Lendermay agree In writing at the limeol execution atthls Deed atTrust
<br />that interest on the Funds shali be paid to Borrower, and unless such agreement is made or applicalbe law requires such
<br />interest to be peld, 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 accounling 01 the Funds showing credits and debits to the Funds and the purpose for
<br />which each debit to the Funds was mada, The Funds are pledged as additional security for the sums secured by this Deed of
<br />Trust.
<br />If the amount 01 the funds held by Lender, together with the future monthly Installments 01 Funds payable prior to the due
<br />dataa 01 taxes, assellSments, insurence premiums and ground rents, shall exceed the amount required to pay said taxes.
<br />assessments, Insurance pramlums and ground rents as they fali due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited fo Borrower on monthly Installments of Funds. If the amount 01 Ihe Funds held by
<br />Lender shall not be su"iclentto pay taxes, assessments. insurence premiums and ground rents as they Jail due. Borrowershall
<br />pay to Lender any amount necessary to make up Ihe deficiency within 30 days from Ihe date notice is mailed by Lender to
<br />Borrower requesting paymant thereof.
<br />Upon payment in full 01 all sums secured by lhis Deed 01 Trust, Lendershall promptly refund to Borrower any Funds held by
<br />Lender. II under paragraph 18 hereol Ihe ProperlY Is sold orthe Property is otherwisa acquired by Lender. Lendershallapply.
<br />no leter than Immediately prior tothe sale oflhe Property or itsacquislllon by Lender, and Funds held by Lenderatthetime of
<br />application as a credit against the sums secured by this Deed 01 TruSl
<br />3. AppJIcJIllan 01 Paymenla. Unless applicable law provides otherwise, all payments received by Lender under the Note
<br />and paragraphs 1 and 2 hereof shali be applied by Lender lirst In payment 01 amounts payable to Lender by Borrow. under
<br />paragraph 2 hereol,lhen to interest payable on the Note, then to the principal olthe Note, and then to interest and principal on
<br />any Future Advances.
<br />.. Charge.; LIMa. Borrowers shall pay all taxes. assessments and other charges. fines and impositions atrributabletothe
<br />Property which may attain a priority over this Deed of Trust. and leasehold payments or ground rents, if eny. In fhe manner
<br />provided under paregraph 2 hereof or, If not paid In such manner, by Borrower making payment, when due. directly to the
<br />payee Ihereol, Borrower shall promptly furnish to Lender all notices 01 amounts due under this paragraph, and in the event
<br />Borrower shall make paymenl directly, Borrower shall promptly lurnish 10 Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which hes priority over this Deed 01 Trust; proVided. that Borrower ahaII not be
<br />required to discharge any su\:h lien so long as Borrower shall egree In writing to tha payment of Ihe obligation IIBCUred by su\:h
<br />lien in a manner acceptable to Lender. or shall In good lalth contest such lien by, ordeJend enforcement 01 such lien in. legal
<br />pro\:eec:Jings whl\:h o.-reta to prevent Ihe enlorcemenl of the lien or 10rfei1ure 01 Ihe Property or any ..rllhenlof,
<br />5. HUllrd Insurance. Borrower shall keep Ihe Improvements now existing or hereafter erected on the Properly Insured
<br />against loss by fire. hazards included within the lerm "extended coverage", and such other hazards as Lender may require
<br />and In such amounts and lor such periods as Lender may require; provided, that Lender shall not require that theamountof
<br />such coverage exceed that amount of coverage required to pay the sums secured by this Deed 0' Trust
<br />This insurance carrier providing Ihe insurance shall be chosen by Borrower subjectto 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 paragreph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the Insurance
<br />carrier.
<br />All insurance pollci811 end renewals thereol shall be in lorm acceptable to Lender and shall Include a standard IIIOftlIlIDe
<br />clause in lavor of and in lorm acceptable to lender, Lender shall have the rightto hold the polici8lland renewals thereof,' and
<br />Borrower shall pro.y lurnish 10 Lender all renewal notices and all receipts 01 paid prernlumll.ln the eventol 10l1li. Borrower
<br />shsll give prompt notice lothe insurance carrier and Umder. Lendermay make prool 01 loss il notmada promptJyby 8orrowIIl'.
<br />UnlllSll Lender and Borrowerotherwlse agree in writing, Insurance proceedsshall be applied 10 restoration or ~rolthe
<br />Property damaged, provided such restoretion or repair is economically leaslble and Ihe securitY at Ihls Deed of Trust is not
<br />thereby Impalrlid. II such resloration or repair Is not economically 18IIslble or lithe security of ihls Deed at Trust would be
<br />Impaired, Ihe insuran\:e proceeds shall be applied to the sumsllBCured by this Deed 01 Trust wilh Ihe BllCBllS, if any. paid to
<br />BOrrower. II Ihe Property Is abandoned by Borrower, or II Borrower lallslo respond to Lender wilhin 30 days from the data
<br />notice is mailed by lender to Borrower Ihat the Insurance carrier o"ers 10 selt/e a claim for insurance benefits, Lender is
<br />authorized to collecl and apply Ihe insurance proceeds al Lender's option either to restoration or repair of the Property orID
<br />Ihe sumsllBCured by Ihis Deed 01 Trusl
<br />UnlllSll Lender and Borrower otherwise agree in wrlting,any such application of proceeds to principal shall not extend or
<br />POlllIOne the due <!lite of the mOnlhly inltallments relerred to In paragraphs 1 and 2 hereol or change the amount of such
<br />Inllallmonta, II under paragrlj:lh 1 B horool the Property II aequlred by Londer, all rig lit, title and Intarolt of Borrowwr in and to
<br />ally Insurance policl811 and' In and to Ihe proceedsthereol rosultlng from damage to the Property prior to Iho saleor acqulllitlon
<br />shilll ..as to Lend. to the extent of the sumsllBCured by this Deed of Trust fmmedlateJy prior to such sale or acquillltlon.
<br />e. PreMrYatJon and Melntenanceat PropeI1y; Leaehold.; Condominiums; Planned Unit Dnelrla. BorrowerwlI
<br />keep the Pro.-rty in good repair and shall not commit weste or permit Impairment of deterioration 0 the Property and shall
<br />comply wilh the provisions of any leallB If this Deed of Trust Is on a leall8hold." this Deed 01 Trust Is on a unllln a condominium
<br />or it plenned unit development, Borrower shall perform all 01 Borrower's obligations under Ihe declaration or covenants
<br />creaUng or governing Ihe condominium or planned unit developmenl, the by-laws and legulatlons at the condominium or
<br />I!lannecl unit development, and consti!uenl documents, " a condominium or planned unit ilevelopmanl rider is elcll1lld by
<br />Borrower and recorded togather wllh this Deed of Trust, tha covenants and agreemants of such rldar shall be Incorporated
<br />into and .hell amend and lupplementlhe covenants and agreements 01 this Deed 01 Trust as II the rider were a part hereol,
<br />7. Protec:tIon of Lender'l 8ecurltr.1I Borrower lallslo perform the covenants and agreemenlll contained In this Deed 01
<br />Trust, or If any ection or proceeding il commenced with materially alfeclll Lender'slntlll'est in Ihe Property,lncludlng but not
<br />limited to.eminentdomaln, Insolvency, codeenlorcement. or errangemenlll or proceedings Involving a bsnkrupt or decedent,
<br />Ihen Lender al Lander's option, upon notice to Borrowar, may make such appearances, disburse such sums and Jake such
<br />action u I. nl!cell8ryto protect Lender's interest, including, but nol IImlled 10. dilburaemantof reBlonableattorneY'ltwsand
<br />enUy upon Ihe Property to make repair I. If Lender requlrBCfmortgage Insurance BS a condlllon 01 making thal08n IICUred bV
<br />lI1e Deed 01 Trust, Borrower shall pay the premiums required to maintain such insurence In eJlect unlllluch time 81 Ihe
<br />requlrernent lor such Inlurence terminates In accordance with Borrower's Bnd Lender's writtenagrsament orappllcalbe law.
<br />Borrowar Ihell r:y lhe amount 01 all mortgageinlurance permlumlln the manner provided undar ..ragraph 2 hereof,
<br />Any emoun dllburaed by Lender pursuant to Ihis paragraph 7. with Interesl thereon, shall become addltlona'
<br />Indebfedn..1 of Borrower secured by thl. Deed at TrUll. Unless Borrower and Lender egrsa to olher lerms of payment, lIUch
<br />a",ounla "'all be par.b1l1 upon notice Irom lender 10 Borrower requesting payment hereol, and shall bear Intenllt lrom the
<br />deteof dilburHmen .ttherllta payabla from lime to time on ou....ndlng prinCipal under the Nole unless paymenl of Interest
<br />at luch rete would be contrary to appllcabla law. In which evenlsuch amounts shall bear Interel! at the highest rate
<br />,,*,,,laslbleundllr appllCllbtelaw. Nothing conllllned in this peragraph 7 shall require Lender to Incur any expenleor lake sny
<br />action hereunder,
<br />.. lnapecIon, Ltw.der may make or cause to be made reuonablll entries upon andlnspecllons 01 the ProperlY, provided
<br />Ihallender.".1I give Borrower notice prior to Iny luch Inspection apecllylng reasonable caulIBlher,'ore r,efated fo Lender's
<br />Inter..t In fhe Propllf1y,
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<br />88-102211
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