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<br />UNIFORM COVENANTS. Borrower and hander covenant and owes as follows;
<br />1. Payment of PHacli al lend Inlereel, Borrower shall promptly pay when due the principal of and Interest 00 the
<br />indelpledness, evidenced by the NOW pr mont and late char as provided in the , and the print of on
<br />3 any Future Advances secured by the of Trust.
<br />2. Funds ha Tom and laottrance. Subioct to applicable law or to a written waiver by r Pay M
<br />on the day monthly Installments of p►fncipa and interost are pay under taus until bas is in fug, a OW '
<br />"Funds") equal to ono4weltth of the yearly taxes and nts which may atfafn prior' pvxr #0 ruff, and
<br />ground rants an ttm Property, if any, plus Ona•twalth of fly premium in4fattrrtortts far held, cis, bpi orta
<br />Yearty prmtsium mateUrsnts for mOrtpapa insurance, t any. a!i par ply estimated inalty and from time by
<br />L on the basis rt a ants and bills and r maths thereof.
<br />The Funds shall be hood in an institution the depasib or accounts of which are Insured orpuaran by a F al
<br />agency (including Lander if London is such sn institution►. Lander sh;dlln�=nyl l the funds to y taxes, a
<br />insursrtco premiums and Around rents. Lander may not charge for so ho all the Funds, analyzing aactttunt
<br />of verifying and colMtiling thud as moms and bills, unl Landon pes rrawer inNr i on the Ftmds end taw
<br />rmits Lender to make suoh a cherge. Borrower and Lbnder may sgreen tirhg at thetime of execution Otttls oftrusl
<br />test interest on the Funds shall tins paid to Borrower, and unless such agr t is made or Rp be law requires suoh
<br />infest to be paid, Loader 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 Dead of
<br />Trust.
<br />If the amount of tee funds hold 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 sold *xes,
<br />assessments, insurance premiums and ground rents as they tall 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 t
<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 />to requesting payment thereof
<br />Upon payment to tuil of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds hold 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 cruet against the sums secured by this Deed of Trust.
<br />3. of Payments. 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 />paragraph 2 hereof, than to interest payable on the Note, then to the principal of the Note, and then to interestand principal on
<br />any Future Advances.
<br />a. Chug"; Lions. Borrowers shall pay all 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 />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due. directly to the
<br />payee thereof. Borrower shall 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 shalt 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 of" 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 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 Lander may require
<br />and m such amounts and for such periods as Lender may require; provided. that Lender shall not require that the amount of
<br />such cover 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 snail not be unreasonably withheld All premiums on insurance policies shell 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 pobctes 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 />Untess 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 impaned. It such restoration or repair is not economically feasible or if the security of this Deed of Trust would be
<br />impaired, the msursnCe proceeds shall be applied to the sums secured byy this Deed of Trust, with the excess, if any, paid to
<br />Borrower. It the Property is abandoned by Borrower, or it Borrower tails to respond to Lender within 30 days from the data
<br />notice is mailed by Lands to Borrower that the msurence carrier otters to settle a claim for insurance benefits, Lander is
<br />authorized to collect and app ty the insurance proceeds et Lender's option either to restoration or repair of the Property or to
<br />the sums secured by this Deed o! Trust.
<br />Unless Lander and Borrower otherwise agree m writing, any such application of proceeds to principal shall not extend or
<br />posEpone the due date Of the monthly installments roterred to in paragraphs 1 and 2 hereof or change the amount of such
<br />mataftmenI If under par�grapt 1 B the(aq) 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 sale or acquisition.
<br />b. Preservatar and Maintenance of Property; Lopeholds; CondomHriurtn; Planned Unit Borrower shall
<br />keep the Property in good repair and shall nut commit waste or permit im aliment of deterioration o the Property and shall
<br />cariply wdh 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 �velopment, Borrower shall perform alt of Borrower's obligations under the declaration or covenants
<br />§-"n ng or veining the condominium w planned umt deveioprnenL the by -laws and regulations of the condominium or
<br />ed um "t development, arxd conattu®nocumetn. a conmniuoplsnnod umt devolopmont rider is excutad by
<br />rawer and recorded with this Dead of Trust, the covenants ends reements of such rider shall be incorporated
<br />and snsfl amend end supplement the covenants end agreements of this Deed of Trust as it the rider were a part hereof.
<br />7. Pfeloafion of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this Deed of
<br />Trust. or it any action or proceeding is commenced with materially effects lender's interest in the Property, including but not
<br />iimi� to, eminent domain, insolvency. 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 pfotect Lender's interest, including, but not limited to, disbursement of reasonable attorney's fees and
<br />ore upon the Property to make repairs. If Lender required mo insurance as a condition of making the loan secured by
<br />Me of Trust, Borrower shalt pay the premiums required msintein such insurance in affect until such time as the
<br />r if for such imrsince terminates in accordance with ®orrower's and Lender's written agreement or a aloe law .
<br />pay tiro amount of all insurance prrmiums in the manner provided under paragraph hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />mdobledness of Borrower secured by this of Trust. Unless rower and Lender agree to other terms of payment. such
<br />amounts " be payable upon notice from Lender to Borrower requesting payyment hereof, and shall bear interest from the
<br />does of t at the rate payable from time to time on outstanding principal under the Note unless payment of interest
<br />at awM r would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permisisibleunderapplicable law. Nothing contained in this paragraph 7 shall require Lander to Incur any expense of take any
<br />action herftnder
<br />Y. Inspection. Lender may make of cause to be made reasonable entries upon and inspections of the Property, provided
<br />that L ! gave Borrower notice prior to any such inspection specifying reasonable cause therefore related to lender s
<br />iftleiest in tits Pr
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