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(" UNIFORM COVENANTS. Barrows, and Lender covenant and agree as follows:
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<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal . of and Interest on the
<br />indebtedness evidenced by the Note, prropsyment and late charges as provided in the Note, and the principal of and Interest on
<br />any Future Advances secured by the [used of Trust.
<br />1 2. Funds for Taxes and insurance. Sub act to applicable law or to a written waiver by Londer, Borrower shall pay to Lender
<br />an the day monthly installments of Principe and interest era payable under the Nota, until the Nota is paid In full, a sum (herein
<br />a. Funds ") equal tq ono twslhh of the yearly taxes and assasamenls which may attain priority over this Dead of Trust, and
<br />gro ly rantaon1 roperty, ffany, plusane• twelfthofyoarlypromiuminatallmsntsforhazardlnaurancs ,plusona lwotlttlofi
<br />yearly premium installments tar mortgage Insurance, d any, all as reasonably estimated initially and from time W time by
<br />Lander an Him basis of assessments and bills and reasonable estimates thereat.
<br />The Funds shall be hold in an institutlon tho deposits or account, of which are insured or guaranteed, by a Federal or state
<br />agency (including Lander if Lander is surh an Institution). Lander shall apply the }undo to pay said taxes, *sae *smenta,
<br />insurance premiums and ground rants. lender may not charge for so holdin ®®and applying the Fund *, analyzing said account
<br />or verifying and compiling said assessments and bills unless Lander payys Borrower rntarast on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this Dead of Trust
<br />that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicalbe law requires such
<br />interest to be aid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender *hall 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 the 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 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 hold by
<br />Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fail 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 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 hold 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 acqu isuion 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. Application 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, then to interest payable on the Note, then to the principal of the Note, and then to interestand principal on
<br />any Future Advances.
<br />4. 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 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 ppayment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall 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 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 operate to prevent the enforcement of the lien or forfeiture 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 appproval 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 shall promptly furnish to Lender all renewal notices and all receipts of pp.id 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 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, i} any, paid to
<br />Borrower. ff the Property is abandoned by Borrower, or i( Borrower fails to respond to Lender within 30 days from the date
<br />notice is mailed by Lender l0 Borrower that the insurance carrier oilers to settle a claim for insurance benefits, Lender is
<br />authorized to collect end apply the insurance proceeds at Lender's option either to restoration or repair of the Property or to
<br />I sums secured by this Deed of Trust.
<br />Unless Lander and Borrower otherwise agree m writing, any such application of proceeds to principal shall not extend or
<br />4 postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such
<br />mstellments. If under paregraph 18 hereof the Property is acquired by Lender, all rigght, title and interest of Borrower in and to
<br />any insurance policies an�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 />8. 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 o the he Property and shall
<br />comply with the provisions of any lease if 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 />i ating or governing the condominium or planned unit development the by -laws and regulations of the condominium or
<br />nned unit development and constituent documents II a condominium or planned unit development rider is excuted by
<br />wements of such rider shall be incorporated
<br />o and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a part hereof.
<br />7. P►ohclion of Lender's Security. If Borrower tails to perform the covenants and agreements contained in this Deed of
<br />Trust or N any action or proceeding is commenced with materially affects Lender's interest in the Property, including but not
<br />limiad to, eminent demote, insolvency, code enforcement, or arrangements or proceedings involving a bankrupt or decedent,
<br />than Lander at Lender's option, upon notice to Borrower, may make such appearances. disburse such sums and take such
<br />acIf on as is necessary to protect Lender's interest, includingg, but not limited to, disbursement of reasonable attorney's fees and
<br />upon the PropeAy to make repairs. If Lender required mortgage Insurance as a condition of making the loan secured by
<br />Me of Trust, Harrower 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 agreement or applicalbe law.
<br />Borrower shall pay tiro 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 narrower and Lender agree to other terms of payment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment hereof, and shall beer interest from the
<br />dam 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 be contrary to ` licable low, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take any
<br />action hereunder,
<br />9. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefore related to Lender's
<br />interest in the Property.
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