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UNiFORM COVENANTS. Borrower and Lender covenant and agree as follows.
<br />1. Payment of Principal and Interest, borrower shall promptly pay when duce the principal of and intensat on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal Oland interest on
<br />any Future Advances secured by the Deed of Trust.
<br />2, Funds for Taxes and insurance, Subject to applicable law or to a written waiver by Lender Borrower shall pay'a Lang
<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 Creed 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, as ssment$,
<br />insurance premiums and ground rents. Lender may not ct large far 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 a pticable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this of Trust
<br />that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicaibe 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 of 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 />eromptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held byy
<br />ender shall not be sufficient to paytaxes. assessments, insurance premiumsand ground rentsas they fail due, Borrowershatl
<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 Trust. 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 at the time of
<br />application as a credit against the sums secured by this Deed of Trust.
<br />3. Appliieation of Payments. Unless applicable i nw 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 of the Note, and then to interest and principal on
<br />any Future Advances.
<br />4. Charges; Liens. Borrowers shalt pay ail taxes, assessments and other charges, tines 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 />proJideti under paragraph 2 hereof ar, it not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower snap 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 lien which has priority aver this Deed of Trust: provided, that Borrower shall not be
<br />required to discharge any such Tien so long as Borrower shat! ayree 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 operaEe to prevent the enforcement of the lien or forteiture 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 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, directly to the insurance
<br />carrier.
<br />All insurance 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 shalt 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 lass if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repairof 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 carrier offers to settle a claim for 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 Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall notextend 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. it under paragraph 18 hereof the Property is acquired by Lender, all right, title 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 safe 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 it this Deed of 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 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. It Borrower fails to perform the covenants and agreement, 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. emmenI domain,;nsoivency, 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 fees and
<br />ant vy upon the Property to make repairs. if Lender required mortgage insurance as a condition of making the loan secured by
<br />the eed 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 a reement or applicaibe 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 shalt bear interest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of interest
<br />at such rate would he contrary to applicable law, in which event such amounts shall bear inlerest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense orteke any
<br />action hereunder.
<br />8. Inspection. i_ernder may m,aao or cause to be made reasonable entries upon and inspections of the Praperty, provided
<br />that Lender shall give Boriowo- r notice prior io any such insper tion sfmcifyinq reasioliable cause t iwetote ieitilet1 to Lender's
<br />irtere%t m the Plworty.
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