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87- 1.02916
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. Payment cf PrinNpal MW lnlaasl. Borrower shall promptly pay when due the principal of and interest on the
<br />ndebtednessevidenced by the Note, prepay t and late chagesas Provided in the Note, and the principal of and interest on
<br />any Future Advances secured by the peed o Trust.
<br />2• Fulda for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender
<br />on tha day monthly installments of principal and interest are payable under the Note, until the Note is paid in lull, 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 yearl y premium installments for hazard insurance, plus one - twelfth of
<br />yearly premium installments for mortgaga 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 ay 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 vets Le and compiling said assassments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />Permits Lander to make such a charge. Borrower, and Lender may agree in writing at the time of execution of this Deed
<br />that interest tort: a d. Lender shall of b :requBorrower, e and rrower any ntagreement rett r earnm as on the Fuinds let deeshal give to
<br />flip g g bg of Trust
<br />Borrower
<br />each debit to he Funds was made The Funds are pledged as add credits for the sums the this purpose 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 />ppassessmentps, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either Funds. It Lender shall not be Borrower
<br />sufficient to Paytaxes, assessments, insurance premiumes and fground reins as they fall due. due. Borroweerlghall
<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 Borrowerany Funds held by
<br />Lender It 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 acquistion by Lender, and Funds held by Lender atthe ti
<br />application as a credit against the sums secured by this Deed of Trust me of
<br />3. Application of pay"Wis 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
<br />Paragrap 2 hereof, then 10 interest payable on the Noe. thn to the pnnCipal of the Note � end le to to interest dby Borrower rincipe principal any Future Advances.
<br />6. 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 Dead of Trust, and leasehold payments or ground rants, tl any, in the manner
<br />provided under paragraph 2 hereof or, if not pad in such manner, by Borrower makin g payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this nL when due, directly to the
<br />is' Borrower shall
<br />promptly discharge �any lierwh which has Priority over this i Deed of Trust: provided, thatn8orrrower shall not
<br />discharge paragraph, antl in the event
<br />lien in adman er aceptable to Lender. shall in faithlcogntest s crhilien lby, orPdefendlenfo ceentof such lien in, legal
<br />proceedings which operate to prevent the enforcement of the lien or forfeiture of the Pro obligation sereof. by such
<br />S. Hazard Insurance, Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />y part hereof.
<br />against loss by fire, hazards included within the term "extended coverage ", and such other hazards as Lender may r
<br />and n 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 Y amount of
<br />This insurance l carrier unreProviding the insurance shall be chosen by Borrower sub ct to a
<br />such approval shall not of unreasonably withheld All premiums on insurance Policies shall be paid in the manner provided
<br />under paragraph 2 hereof or, 1 not paid m such manner, by Borrower making approval by Lender; provided, that
<br />carrier g payment, when due, directly to the insurance
<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 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 ep or repairs economically feasible and the security of this Deed of Trust is not
<br />thereby impanel. It such restoration or repair �5 not economically feasible or d the security impaired, the insurance proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, if any,
<br />Borrower 11 the Pro o this Deed of Trust would be
<br />notice is matted p Property is abandoned by Borrower or d Borrower fails to respond to Lender within 30 days from hen ate
<br />authorized to collect and aryPty t�h ®�Wd,,ihnaetproceeds at insurance �p onto settle ira claim 7 for on insurance be g fi o Lender is
<br />the sums secured by this Deed h Trust
<br />Unless Lender and Borrower otherwise agree in writing, any sucn. appbcalton of proceeds to principal shall notexte d or or to
<br />Postpone he due ate 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 orscyuisition
<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. Preaeragon and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Dar velopmM
<br />keep the Property in good repay and shall not commit waste or Permit impairment of deterwration o the Property shall
<br />complyy with the provisions of any lease d this Deed of Trust is on a leasehold. If this Deed of Trust is on a unit in a condominium
<br />or a panned unit development. Borrower shall P rty and shall
<br />creating or governing the condominium or plane d unit t development, the bb!lews and regulations ®olthe on or covenants
<br />o
<br />planned unit development and constituent documents. If a condominium or planned unit regulations of development rider is condominium by
<br />Borrower and recorded together with this Deed of Trust the covenants and agreements of such ender shall rider 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 />T7. PreteeYOrt of LandK's Security. If Borrower fails to Perform the covenants and agreements contained in this Deed of
<br />m � to, eminen domai. insolvency. proceeding y. code enforcement, nt materially arrangements or Proceedingstinvolving a bay. including ding but not
<br />then Lender at Lender's option, upon notice to Borrower, may make such a PertY, including but not
<br />action as is necessary to protect Lender's interest, includin , ay make such appearances, emento se such reasonable ms an attorney's
<br />g pdisbur ces, disburse such sums and take such
<br />en upon the Property to make repairs If Lender required mortgage insurance as a condition of making the loan secured by
<br />Me of Trust, Borrower shall Pay the premiums r f Peas the
<br />requirement for such insurance terminates in accordance with Borrower's and Lender's written a bent such time be law.
<br />Borrower shall pay the amount of all mortgage insurance deer
<br />Any amounts disbursed by Lender Pursuant to chic arraureph the h manner itdhe�reorl, Shall pp
<br />ndebtednesa of Borrower secured b this p p Per raph 2 hereof.
<br />amounts shall iM Y Deed Of Trust Unless Borrower and Lender agree to other terms of payment such
<br />dalsodisttursamon�ajit�tnrpo® notice from L ®ender to Borrower requestinpg payment hereof, and shall bear interest from the
<br />at such rate would De contrary ato ap�pl abisnjeW t�mwh ch eventds chramouantsnderthe Nort interest at the highest rate
<br />PertWSSibksunderapplicablelaw Nothin payment highest
<br />acpgn h�eiyrder g contained m this paragraph 7 shall requre Lender to incur any expense or take any
<br />tha� en - La ^der may make or c:•ause to be made reasonable en(ne5 upon and rn5pec1ion5 of the property
<br />d� ehafl give Borrower noir,;e poor to any such mspeGtipn Spec dying reasonable raise therefore related to Lender's
<br />° ^leaser in f11e Property Provided
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