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88- 10692S UNIFORM COVENANTS. Borrower and Lender covenant and agreo DB follows: 1. Pavmen' or Principal and Int.r..'. Borrower shall promplly pay when due ule prlnclpc.l of Bnd Interesl on the ~n~e~~~~~ee~~~~I~:~;:ct~J:r :yOi~BP6~~~~~d late chargesBs provided In the Note, Bnd th9 principal of and Interest on 2. Fundi forTa....nd lnluranee. sUblect to applicable law or to B wriUen waiver by Lender, Borrower shall pay to Lender Dn the day monthly Installments of principe Bnd Interest BfB payable under the Note, until the Note Is paid In lull, a Bum (herein "Funds") equal to one..twelfth Df the yearly taxes Bnd assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments forhazsrd Insur.9nce, plus one-twelfth of tearty premium Installments for mortgage insurance, It any, all as reasonably estimated Initially and from time to time by ender on the basis of assessments and-billa and rensansole estimates thereol. The Funds shall be held In an Institution the deposits or accounts of which are Insured or guaranteed, by a Federal aratats fngs~~;~J~~~~~~~;~~~e~r~~~~~rit~~ ~~nc~e~~~~~~~~~~~g;'~~:~~~I~I~rf~~~ ~;pr~i~:B~~ ~Xd~~n:::;:I~:=:~~~i ~~~~~L~~~~~ I~o:t~~~~~~~ g~:~::.~~~~~~~ ~~~~~~:~~:~~~~~:y~ :m~;::~::r::,~gre~:~~~~SO'~I:=:J'~= Ihat interest on the Funds shall be paid to Borrower, and unless such agreement Is made or ap,pllcalbe law requires Buch interest to be ~ald, lender shall not be required to pay Borrower any Interest or earnings on the runda. lender shall give to ~~~~~~~rc~~egl~:;r~~~~~crs ~~~~:i;~~tW8n~~~~:~~~:~~=~3dn~~r s~'::~~~,::: ~~~~~~~~:s tt~~~~~ ~~ Trust 11 the amount 01 the funds held by Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes, assessments, Insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by lender shall n01 be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due. Borrowershall pay to Lender any amoun1 necessary to make up the deficiency within 30 days from the date notice is mailed by Lender to Borrower reques1ing payment thereof. Upon payment in full of all sums secured by this Deed of Trust Lender shall promptly refund to Borrower any Funds held by Lender. It under paragraph 18 hereof the prope~ is sold orthe prope~ is otherwise acquired by Lender. Lender shall apply, ~~~n:t1~~na~ma"',;~~e~~~~~~ ~~~:u:~es~~~ed rg~~~ cg:d agf~~~~lon by Lender, and Funds held by Lender at the time of anlpa~~~C:~~Of :~:~Yh':~~~~~~llle~: :~gU:~I; L~~J:~~~ITn o~~~~~ror~~~~~:~~:~~~Yt~dL~~~:~g;~~~:eu~~:;: paragrap~ 2 hereof, then to interest payable on the Note, then to the principal of the Note. and then to Interest and principal on any Future Advances. 4. ChBrgHi Wenl. Borrowers shall pay all taxes, assessments and other charges, fines and impositions attributable to the Property which may attain a priority over this Deed of Trust and leasehold payments or ground rents, if any, in the manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment when due, directty to the ~yee thereof. Borrower shall promptly furnish 10 Lender all notices 01 amounts due under this paragraph, and in the event Bo~~::~ :~:N ~~~~J'ya~~~h~::~e;~I~'Ii:~~hice~ h::~rf~ri~~~rf~r~S~~ 'c:i'T~~~~~~~~::r~rwo~~hsc:Y~:r~ required to diSC~argeany such lien so long as Borrowershall agree in writing to the payment of the obligation secured by such lien in a manner acceptable to Lender, or shall in good faith contest such lien by. or defend enforcement of such lien in, legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof. aga~ns~r::s't:~~~~~::r:~f~~~~~~r~l~~I~t~~~:~~~~~:~de;~sc~~:r:~~~~~~rs~~t,t'~~e:reh:~~~~ th~~d~~~% i=~ ~~~~nc~~;~a~r;:~~~n~~~~~g~n~~fi~ge:ri~:~~~~rr:J :;~~~~h~r~~~:~~:id~~~rshg~~~~i that the amount of suc~h~~~n~~~h~I?~~:~:~~~~~~Cnt~gl~n~Y~.r~~.S~I?~::~~~seg~rn~~~~::r~~~~~~:N~~::rn~~d~~f=~~~': under paragraph 2 hereof or, il not paid in such manner, by Borrower making payment. when due, directly to the insurance carrier. cla~~r:~a~~;gf~~I~~i~~0~ri,d;~~:;':~~~6rL~~~~~IL~~~~:~~lrh~~:~~I~i~hh~~~~ ~~ ~~~~i~Sc~~~er:;':~:~:~P.:~~ Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premlums.lnthe event of loss. Borrower sha~~li::f~~cf~~~~Jt~Orr~~~~s~:e~1;ea:~~~:rnd ;~~~~~;;;~~e;c~~~~~~~O~lr~~:~lr::~:t~~:g~~~~=~r:~ Property damaged, provided such restoration or repair is economically feasible and the security 01 this Deed of Trust is not l~~:i~~d~h:ir~:u~~~~~~~=:~h~f ~:Pa~~lr~~~ ~~~~~~:~~~~:ig~et~rsi6':ds~f~~~lo~~~e:sc~,7:~tn~~~~?d ': :~ge~~r~~We~ ~~~~~~ ~:~~~o";~r ~a~h~r:,~~::~~:Ocarr;:::~~W~~st~or::~~n~ ~ia~~nf~~~~i~~n: g:~~ff~~~ed~~~; ~hu:'S~~:~~~eg~ ~~ ~~ ~r ~~~i.rance proceeds at Lender's option either to restoration or repair of the Property or to Unless Lender and Borrower otherwise agree in writing, any such application 01 proceeds to principal shall not extend or postpone the due date of the monthly Installments referred to in paragraphs 1 and 2 hereol or change the amount of such Installments. If under paraaraph 18 hereof the Property is acquired by [ender, all ri~t, title and Interest of Borrower in and to ~~~Iit":~r:~~~~~;~~a~e i~~~~ttgf~:~~~es~:~~~~:~r~ti~g; ~~s':r~:::ed~r~~~ri~r~~~t~~:'f:~ro~ri~~l~~~n kee~ :~~orwa~~~~::-:~:rr.~;3:~~~~~in~~.::::~r~~~Yt~~~~~~r~rC:t~~'=~r~~o~~o:n~:~::: comptr. with t~ provisions of any lease itthis Deed of Trustit on a leasehold. If this Deed ofTrustis on a unllln a condominium or a panned unit development Borrower shall perform all of Borrower's obligations under the declaration or covenants creating or governing the condominium or planned unit development, the by-laws and regulations of the condominium or ~nned unit development. and constituent documents. If a condominium or planned unit development rider is excuted by int:;~~3~~~,? ~~c:~~:~~o::~~~~:~~t ':hi: ~~:n~~~~~~t~~r~~~~~~rt~?sa8=~V~~~ :~fn~~~d:~~~~: ~n:~:r~e~ 7. Protection of Lender'. Security. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust. or If any action or proceeding is commenced with materially affects lender's Interest in the Property, including but not limited to, eminent domain, insolvency, code enforcement or arrangements or proceedings Involving a bankrupt or decedent, then Lender at Lender's option, upon notice to Borrower. may make such appearances, disburse such sums and take such action 85 is necessary to protect Lender's interest inClud~, but not limited to, dlsbursementol reasonable attomey'sfees and ~e~~"orf~~p~~~~r:;~~~~WP:~~S~i~~~~~~~C;U~u?:~~~~~~r;~~~~~~Si~;~:;'~~~inO~'ff~:~~m~~~~ ~eu~ J;~ ==re~~r::~~~~~~~~~~~li~~~~9~CI~~~r:~:~~~~f:~ea~~~~~~~~:drie':Je~~a~~r;:t;i~'rfC~C:~.law. Any amounts disbursed by Lender pursuant to this paragraph 7, with 'nterest thereon, shall gecome additional indebtedness of Borrower secured by this Deed of Trust Unless Borrower and Lender agree to other terms of payment, such amounts shall be payable upon notice from umder to Borrower requesting payment hereof. and shall bear Interest from the ~r!:u~fhd~~,:~~n~t~:nr:~~~~a:lpn~a~~"1:: V:~~rc~u~':~td~~~~ri~~~~~n~~~rrg~~tfn~~~:~ ~~~e~::~:;e~~~ permissible under applicable law. Not~mg contained in this paragraph 7 shall require Lenderto incur any expense or take any action hereunder. tha~U:~9~~n:~,;;:~:':,~rc~rp~~o~~:; ~on~~~~~~~:~~~~~~:ci~ii~~ ~~~~o~~~I~:~~~~~:~t~~: ~~~:~o ~~':,YJ~~ Inlerest in the Property.