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<br />UNIFORM COVENANTS, Borrower and Lender covenant and agree as follows:
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<br />1. Payment of Principal and Interelt. 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 Advances secured by the Deed of Trust.
<br />2. Fundi for Taxnand Inlurance. Subject to applicable law or to a written 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 01 Trust, and
<br />ground rents on the Property, If any, plus one-twelfth oly-early premium Installments for hazard insurance, plus one-twelr.h 01
<br />yearly premium installments for mortgage insurance, ., any, all as reasonably estimated Initially and from time to time by
<br />Lender on the basis of assessments amf 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 atthetlme 01 execution olthia Deed of Trust
<br />that interest on the Funds shall be paid to Borrower, and unless such agreement Is made or appllcalbe 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 01 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 />II the amount 01 the lunds held by Lender, together with the luture monthly Installments 01 Funds payable prior to the due
<br />dates 01 taxes, assessments, insurance premiums and ground rents, shall exceed the amount regulred 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 01 Funds, II 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 Lander to
<br />Borrower requesting payment thereof,
<br />Upon payment in lull of all sums secured by this Deed of Trust, Lender shall promptly relund to Borrower any Funds held by
<br />Lender, If under paragraph 18 hereolthe Property is sold or the Prope~ is otherwise acquired by lender, Lender shall apply,
<br />no later than Immediately prior to the sale olthe 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 01 Trust.
<br />3. Application 01 Payments. Unless applicable law provides otherwise, all payments received by Lender under the Note
<br />and paragraphs 1 and 2 hereol shall be applied by lender lirst in payment of amounts payable to Lender by Borrower under
<br />paragraph 2 hereol, then to interest payable on the Note, then to the prinCipal olthe Note, and then to interest and principal on
<br />any Future Advances.
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<br />4. Chlrgel; Uenl, 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 hereol or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shall promptly lurnish 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 shail promptly discharge any lien 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 olthe 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 />proceedlngl which operate 10 prevent the enforcement of the lien or forfeiture 01 the Property or any part thereof.
<br />S. Hazard Inlurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against 10ls 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 coverage required to pay the sums secured by this Deed of Trust
<br />This insurance carrier 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, directiy to the insurance
<br />carrier.
<br />Alllnlurance poliCies and renewals thereof shall be in form acceptable to Lender and 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 01 paid premiums. In the event of loss. Borrower
<br />shall give prompt notice to the insurance carrier and Lender. Lender may make prool 01 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 leasible or il the security 01 this Deed of Trust would be
<br />Impaired. the Insurance proceeds shall be applied to the sums secured by this Deed 01 Trust. with the excess, if any, paid to
<br />Borrower, If the Property is abandoned by Borrower, or If Borrower falls to respond to lender within 30 days from the date
<br />notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim tor insurance benefits, Lender is
<br />authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property or to
<br />the sums secured by this Deed of TrUll!.
<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 installments 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, title and interest 01 Borrower in and to
<br />any insurance policies and in and to the proceeds thereol resulting from damage to tne Property prior to the sale or acquisition
<br />shall pass to Lender to the extent 01 the sums secured by this Deed 01 Trust Immediately prior to such sale or acqUisition.
<br />S. PreHrvatlon and Maintenance of Property; Lealeholdl; Condomlnluml; Planned Unit Davelopments. 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 01 any lease Ilthis Deed 01 Trust is on a leasehold, If this Deed of Trust is on a unit in a condominium
<br />or a planned unit development, Borrower shall perform all of Borrower's obligations under the declaration or covenants
<br />creating or governing the condominium or planned unit development, the by-laws and regulations of the condominium or
<br />planned unit development, and constituent documents. If a condominium or planned unit aevelopment 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 />info and shall amend and supplement the covenants and agreements 01 this Deed of Trust as If the rider were a part hereof.
<br />7. Protection of Lender'l Security. If Borrower fails 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 enlorcement, or arrangements or proceedings Involving a bankrupt or decedent.
<br />then Lender at Lender's option, upon notice to Borrower, may mal(e such appearances, disburse such sums and take such
<br />action as is necessary to protect Lender's Interest. including, but not limited to, disbursement 01 reasonable attorney's fees 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 lor such Insurance terminates In accordance with Borrower's and Lender's written agreement or appllcalbe law,
<br />Borrower shall pay the amount of all mortgage Insurance permlums In the manner provided under paragraph 2 hereol,
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall 6ecome additional
<br />Indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to other terms 01 payment. such
<br />amounts shall be payable upon notice Irom Lender to Borrower requesting payment hereof, and shail bear Interest Irom the
<br />date 01 dlsbursementatlhe rate payable from timeto time on outstanding principal 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. InlpecUon. Lender may make or cause to be made reasonable entries upon and inspections ot the Property, provided
<br />that Lender shall give Borrower nollce prior to any such Inspection specifying reasonable cause theretore relaled to Lender's
<br />Interest in the Property.
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<br />88- 103677
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