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87- 105417.9
<br />UNIFORM) COVENANTS harrower and Lendef covenant anti agree as follows.
<br />11. PWeMMI Of PrIP04144 and ant . Borrowaf shall promptly pay when due the principal of and interest on the
<br />indeboloadness evidenced by ilea Note, pf"Ityment and late charges as providod in the Note, and the principal of ,end intereol on
<br />any F4tu €e Advances Secured by the Deed of Trust.
<br />2. Foods for TaatM end Inewsme. Subloct to applicable law or to a written waiver by Lendar, Borrower shalt pay to Leader
<br />can the day monthly ifteltallmenetf of principal and Interact are payable under the Note, until the Note is paid in full, a sum ( is sin
<br />"'Funds ") equal to -t tth of the yearly taxes and asse ment% which may attain priority over this Dead of Trust, and
<br />ground rents ran th*ProCwty, if any, plug one -twelfth of yaarly premium installments for hazard Insurance, plus one -twaft. of
<br />y fly sum Fn lf"Wis. for nlortga Insurance, if any, all as reasonably estimated Initially and from time to time by
<br />L on a of aments A bills and foaronable estimates theracil.
<br />The Funds shall be hold in an institution the deposits or accounts of which are insured or gguaran , by a F _ al of, state
<br />agency (including Landof it Lander is such an institution). Lender shall apply the funds to ay said taxes, a nta,
<br />inswanCePiomtumean4lgrouiidrentis Lendef may not charge for so holding and applying the Funds, analyzing sold account
<br />of venfyrng and Compoing said assessments and bills, unless Lendef pays Borrower interest on the Funds and tc . e law
<br />pat L to make such a charge frower and Lender may agree in writing at the time of execution of this of Trust
<br />that in ton Me Funds shalt be paid to Borrower, and unless such agreement is made or ap licalbe law requires such
<br />in "I to to paid, L shall not be required to pay Borrower any interest ur earnings on the funds. Lender shall give to
<br />Borrower, wit taut chat an an annual accounting of the Funds showint� credits and debits to the Funds and the put for
<br />which each rt to P unds was made The Funds are pledged as fttidihonal security for the sums secured by this of
<br />Trust
<br />if We amount of the funds herd by Lender, together with the fellurri monthly installments of Funds payable prior to the due
<br />dates of taxes _ assessments, . nsurance premiums and ground rents, shall exceed the amount required to pal said taxes,
<br />astalistioments. insurance pfemiums and round rents as they fall duce, such excess shall be, at Borrower's option, either
<br />Promptly r d try Borrower of credited �c, Burrower on monthly installments of Funds. If the amount of the Funds held byy
<br />Lander stow! nol tae sufhcaeni to pay taxes, assessrnenls, insurance premiums and ground rents as they fall due Borrower shall
<br />Pay to sander any amount nea:essary to make up the deficiency within 30 days from the date notice is mailed by lender to
<br />Borrowef requesting payment thereof
<br />Jpon payment in foil of all sums secured by this Deed of Trust, fonder shall piumptly refund to Bofrowerany Funds held by
<br />Lender it under paragraph 18 hereof the Propart6 �r is, sold or the f r uppity is otherwise ar.quired by Lender. Lender shall apply,
<br />no later than imm"atery error to the sale of the roperty or its art uisitior, by !..ender, and Funds held by Lender at the time of
<br />app4r;81fort as a credit against the sums '.secured by this Deets oI T lust
<br />3. Appkagon of Poyalifents. Unless applicable! Iliro provides otlierwi se all payments received by Lender under the Note
<br />land paragrapps t and 2 hereof shall be applied oy Li 3111; first in payrna,nt of amounts payable to Lender by Borrower under
<br />paragraph 2 hereof, then to interest payable on the Note, then to the principal nt this Note. rind then to tnterestand principal on
<br />any `uture Advances.
<br />s. ; Liens. Borrowers shell pay all taxes, assessments and other charges, tlnt:s and impositions attnbutableto 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 />Cthereof Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shat! make payment directly. Borrower shall promptly lurnrsh to Lender receipts evidencing such payments.
<br />Borrower snail ppromptly discharge any lien which has priority over this Deed of Trust. provided, that Borrower shall not be
<br />required to disc ulo ge any such lien so tong as Borrower shall agree in writing to the payment of the obligation secured by such
<br />fien in a manner acceptable to Lender, or shall in good faith contest such hen by, or defend enforcement of such lien in, legal
<br />proceedings which operant to prevent the enforcement of the hen 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 toss 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 requrro. provided, that Lender shall not require that the amount of
<br />such coverage exceed that amount of coverage required to pad thH sums secured by this Deed of Trust.
<br />This insurance carrier providing the insurance shall be cnosen by f3drrower subject to approval by Lender, provided, that
<br />such approval shall not be timeasonribly witnheld All premiums on insurance policies shalt 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 Loncier and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender tender vhall have tho right to hold the policies and renewals thereof, and
<br />Borrower shall promp80y 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 earner ana Lender Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Boric wef otherwise agree. in wr iting, msu ran c;e proceeds shall tse applied to restoration or repair of the
<br />Property damaged.. provedeo 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 it 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 failw to respond to Lender within 30 days from the date
<br />notice is marled by Lender to Borrower that the insurance earner offers to settle a claim for insurance benefits, Lender is
<br />authorized to collect and apply the Fnswance proceeds at Lenders >plicn either to testoration or repair of the Property or to
<br />the sums secured by this Deed of Trust
<br />Unless Lender and Borrower otnerwise agree in writing any such application of proceeds to principal shelf not extend 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 IS hereof the Property is acquacd 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 4ha 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 />G. Pt and Maintenance of Properly; Lea ; Condominiums; Planned Unit Ditivelapeasaft, 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 lhis Deed of Trust m 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 />creaan of governing the condominium or planned unit development. the by -laws and regulations of the condominium or
<br />M n unit devellopmeni. and Constituent documents if a condominium or planned unit development rider is exculed by
<br />rower and recorded together will) this Deed of Trust, the covenants and a ments of such rider shall be incorporated
<br />into and supplement the covenants and agreements of this t ree of Trust as it the rider were a part hereof.
<br />7. P all Lender's Security. it Borrower fails to perform the covenants and agreements contained in this Deed of
<br />Trust. of if any !?action of proceeding is Commenced with materially affects Lender's interest in the Property, including but not
<br />limited to, emmentdomain, insolvency, code enforcement, or arrangements or proceedings involving a bankrupt or decedent,
<br />than Lender at Lender's option. upon notice to Borrower, may make such appearances. disburse such sums and take such
<br />ac is necessary to protect Lender's interest, including, but not limited to, disbursement of reasonable attorney's E and
<br />Pro to makerepairs if Lender required mortgage insurance as a condition of making the loan secured by
<br />of Truss, Bottlower shall pay the premiums required to maintain such insurance in effect until such time as the
<br />ortiquiromeroll for such insurance terminates in accordance with Borrower's and Lender's written r enter applicabbe taw
<br />E amount of all mortgage insurance permiums in the manner provided un par r 2 hereol.
<br />Any amounts by Lander pursuant to this paragraph 7, with interest thereon, shall come additional
<br />indebtedne"alBorrower secured by this of Trust Unless Borrower and Lender agree to other terms of payment, such
<br />It be paymble upon notice from Lender to Burrower requesting payment hereof. and shall bear interest from the
<br />daft of r t of" toto payable from time to time on outstanding pprincipal under the Note unless payment of interest
<br />at such r would be contrary era applicable law, in which event sur;ii amounts shalt bear interest at The highest rate
<br />8 under licahte law Not into contained in this paragraph 7 %hail require tender to incur any expense or take any
<br />scItior hereunder
<br />8. . Leridolsr rna y make Cif cauiw to he rnadei reasolloble eolne% upon rnd irvpei.horay of the Property. prnvtdeai
<br />that Lmi. t sne31 %pee,dyrng the? tit, itp relAl it fo t erider'F5
<br />ru f f if, arse Pfr rfy
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