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<br />al, 104802
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and NdOfOat. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Nob, prepayment and late charges as provided in the Note, and the principal of and interest on
<br />any Future Advances secured by the (]eed of Trust.
<br />2. Funds for Taints and Insurance. 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, unfit the Note is paid in full, a sum (herein
<br />"Funds ") equal to one -Iwel th of the yearly taxes and assessments which may attain priority over this Deed of Trust, and
<br />ground reMS on the Property, it any, plusone- lwetfth of yeary premium installments for hazard insurance, plus one - twelfth of
<br />�rly �artsi instaflmanmoinsurance, II any, alt as reasonably estimated initially and from tune to time by
<br />sstiThe
<br />der on the basiof atlras
<br />Funds shall be held in institution the deposits or accounts of which are insured or guaranteed, by a Federal or state
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<br />cy (including Lender if Lender is such an Institution). Lander shall apply the funds to pay said taxes, assessments,
<br />ance preen u . and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account
<br />erifying compiling said as�ssmsnts and bills, unless Lendepe Borrower interest on the Funds and a bcabte law
<br />mits Lender to make such a charge. Borrower and Lander may agree in wnhng at the time of execution of flits Deal of Trust
<br />that infeuest on the Funds shall be paid to Borrower, and unlesa such agreement is made or applicabbe law requires such
<br />interest be Lender not be required to Borrower any interest or earnings on the Funds. Lender shall give to
<br />to paid, shall pay
<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 />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by
<br />Lender not be to taxes. assessments, insurance premiums and ground rents as they fall due. Borrower shall
<br />ahal sufficient pay
<br />pay Lander any amount raec ry Eo make up the deficiency within 30 days from the date notice Is mailed by Lender to
<br />rower requesting payment thereof.
<br />Upon payment in full of sR sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by
<br />Lender. If under paragraph 18 hereof ttie Property is sold or the Property is otherwise acquired by Lender, Lender shall apply,
<br />later than immediately to the sale of the Property or its acquisition by Lender, and Funds held by Lenderatthe timeof
<br />no prior
<br />application as a credit against the sums secured by this Deed of Trust.
<br />3. Application of Psyreenb. 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 payable to Lender by Borrower under
<br />2 hereof, then to interest payable on the Note. then to the principal of the Note, and then to interest and principal on
<br />paragraph
<br />any Future Advances.
<br />4. Charon; LNais. Borrowers st alt pay ell taxes assessments and other charges, tines and impositions attributable to the
<br />Property wfiich may attain a pnonty over this Deed of Trust, and leasehold payments or ground rents, if any, in the manner
<br />providid under paragraph 2 hereof or, it net paid in such manner, by Borrower making payment, when due, directly to the
<br />payee theroof. Borrower sliest promptly furnish to Lender elf notces o} amounts due under this paragraph, and in the event
<br />mower shall make payment directly. Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower #1 discharge any I+en wfiich has prority over inns Deed of Trust: provided, that Borrower shall not be
<br />she prortipdy
<br />required to disc rgean such Tien so tong as Borrower shall agree in writing to the payment of the obligation secured by such
<br />lien in a manner acc th Lender. or staall in good failfi contest such lien by, or defend enforcement of such lien in, legal
<br />proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. 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 mar 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, it 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 shalt include a standard mortgage
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<br />clause in favor of and inform acceptable to Lender. Lender shall have the right to hold the Policies and renewals theirecill, and
<br />Borrower shall promptly furnish to tender 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.
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<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the
<br />Property damaged, provded such restoration or repair is economically feasible and the security of this Deed of Trust is not
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<br />thaiatly im¢¢aairilxf. If such restoratian or repair is not economically feasible or if the security of this Deed of Trust would be
<br />Geed Trust the if any, to
<br />impaired, the insurance pr ishali tie applied to the sums secured by this of with excess, paid
<br />grower. H the Property is abandoned b Borrower, or if Borrower tails to respand to Lender within 30 days from the date
<br />notice is mailed by Lender to Borrower that the insurance carrier otters to settle a claim for insurance benefits, Lender is
<br />authorizeid to collect and a iy the+nsurance proceeds at Lender's option either to restoration or repair of the Property or to
<br />Trust.
<br />flit sums secured by this of
<br />Unless Lender and Borrower otherwise agree+n writing, any such application of proceeds to principal shall not extend or
<br />pos�one the due dab al the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such
<br />installments, ff under paragraph 18 hereof the Property is acquired by Lender, all rigght, title and interest of Borrower in and to
<br />any insurance polio 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 sale or acquisition.
<br />i. Premvatior+ and Maintenance of Property; LenNtolds; Condominkrma; Planned Uri! Borrower shall
<br />keep the Pr in good repair and shall not commit waste or permit impairment of deterioration of Property and shall
<br />leasehold. If Deed Trust is in
<br />comply with the provisions of any lease if this Deed of Trust is on a this of on a unit 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 developm -1, the by -laws and regulations of the condominium or
<br />development, and constituent documents. It a condominium or planned unit development rider is excuted by
<br />planned unit
<br />Borrower and recorded together with this Deed of Trust, the covenants and agreements of such rider shall be incorporated
<br />into and shaft amend and supplement the covenants and agreements of this Deed of Trust as it the rider were a part hereof.
<br />7. Ptatactlen of Lender's Security. if Borrower fails to perform the covenants and agreements contained in this Deed of
<br />True, or d any acbon or proceeding is commenced with materially affects Lender's interest in the Property, including but not
<br />ltmftd to, eannentdomiam. insolvency, code enforcement, or arrangements or proceedings involving a bankrupt or decedent
<br />then Lender of Lender's option, upon notice to Borrower. may make such appearances, disburse such sums and take such
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<br />acbori as is necessary to profit Lender's interest including but not limited to, disbursement of reasonable attorney's fees and
<br />go Property d treks repairs. if Lender required mortgage insurance as a condition of making the loan secured by
<br />e1 upon
<br />rite of Trust Borrower shalt pay the premiums required to maintain such insurance in effect until such time as the
<br />for such insurance terminates in accordance with Borrowei s and Lender's written agreement or &Wicallm law.
<br />BafrOwet pay the wriou t of all mortgage insurance peemiums in the manner provided under paragraph z hereof.
<br />Any amounts disixosed by Lender pursuant to this para2raph 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 />arnounts de beer upon notice from Lender to Borrower requesting payment hereof, and shall br in from the
<br />date of disbursement at the rat payable from time to time on outstanding principal under the hole unless payment of interest
<br />at such raft wood 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 shalt require Lender to incur any expense or take any
<br />acscxt hervittrider
<br />S. MNpellsin, Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that L I give Borrower notice prior to any such inspection specifying reasonable cause tt.erefore related to Lender's
<br />W1 Properly
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