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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. Payment of Pfincipal and Interest. Borrower shall romptly pay when due the principal of and Interest on the
<br />indebtedness evidenced by the Note, preps ment and late charges as provided in the Note, and the principal of and interest on
<br />any Future Advances secured by the D=of Trust.
<br />2. Funsis few Taxes and Insurance. Sub act act to applicable law or to a written waiver by Lender, Borrower shall pay to Londer
<br />on Imonthly iProperty,
<br />d '1':Mq on' I one-
<br />a
<br />ground a and interest Ora payable under the Note, until the Nola is paid in full, a sum (herein
<br />t "
<br />sisidy d on -
<br />premium in. 'dim
<br />Lander be'.. of
<br />The Funds shall behold In an institution the deposits or accounts of which are insured or guaranteed, by a Federal or state
<br />agency (including Lender it Lender is such an Institution). Lender shall apply the funds to pay said taxes, assesoments,
<br />nee 0 a It a r holding and applying the Funds, analyzing said account
<br />a 3 Lo I 4ffow'
<br />0�n and ground on, rider n to so 0
<br />M said "On is 3 93 arider 5
<br />Be is an 0 as n writing go and as greamen
<br />ad pa Be 'rat or is
<br />Hy paid y o'c arg L pa
<br />sure premiums a gi`0 r ' m
<br />0 d man and bill unless
<br />fili Le compiling ' u h ' h r Borrower r and Lander agree
<br />thi c w L m y 9 h
<br />P�'to
<br />v Ing war interest on the Funds and aMIcable law
<br />n at the time of execution of this ofTrust
<br />u 11 0 Borrower, t is made or als 1' 1#- 1 ires. such
<br />that interest on Funds It I wor' unl a u cate awr
<br />or paid, L 11 1 u, 1 0 y I I
<br />n Borrower n n earnings on the Funds. Lendor shall give to
<br />Lander bar" a . credit. a,
<br />interest
<br />war, ' I r ' I y Funds showing .1 Char annual accounting . the and debits to the Funds and the Our for
<br />which ft it to the w m T a are pledgad., . itio .1
<br />rr h d- be nd. as ad. h Funds additional security for the sums secured by this is 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 re
<br />,,rid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds hold by
<br />Eander shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due. Borrower shall
<br />to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed by Lander to
<br />Cy
<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. 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 credit against the sums secured by this Deed of Trust.
<br />3. Appilleatlain 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 interest and principal on
<br />any Future Advances.
<br />4. Charges; Lions. Borrowers shall pay all taxes, assessments and other charges, fines and impositions attributableto 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 shall romptly 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 />S. HwArd 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 a roval by Lender; provided, that
<br />Such approval shall not be unreasonably withheld. All premiums on insurance policies shall 9 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 nold 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 it not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repairof the
<br />Property damaged, provided such restoration or repair is economically y 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 Coed of Trust, with the excess, if any, paid to
<br />Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date
<br />notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender is
<br />authorized to collect and apply the insurance proceeds W Lender's option either to restoration or repair of the Property or to
<br />the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall 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. If 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 priorto 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 />6. Preservation and Maintenance of Property; Leasitholds; Condominium; Planned Unit Developments. Borrower shall
<br />k the Property repair d he n n deterioration h reparty and shall
<br />s� 0 3 3 a condominium
<br />or a st"i's 0 of the P covenants
<br />n unit ins
<br />7 Borrower's obligations declaration or
<br />the I I
<br />or impairment
<br />D 0, Trust I
<br />under the
<br />i , I I co om,
<br />pan n he condominium m or
<br />commit as 0 leasehold. rust's pertorm .11 of
<br />6 the unit development. the by -laws and regulations - -1 e.,u by
<br />ev an is documents. If - condominium or 1-nn and development ment rider.
<br />lease " " , c I
<br />-w r
<br />comply ep op r e Borrower
<br />nn
<br />W' h p 5 5 of any
<br />I provisions
<br />planned nit development
<br />rise 0 govern condominium
<br />lann unit development t' nd constituent nt
<br />into and recorded together with this Deed of Trust, th- covenants and regiments of such der -hall be incorporated
<br />0 and shelf amend and supplement the covenants an agreements of this of Trust as If the "der were , Pon hereof.
<br />7. Prolovillisis of Londair'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 />limited 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 necessaryto protect Lender's interest, including. but not limited to, disbursement of reasonable attorney's fees and
<br />upon the Property to maker irs. If Lender required mortgage insurance as a condition of making the loan secured by
<br />the of Trust, Borrower shall pay the premiums required to maintain such insurance in affect until such time as Me
<br />requirementfor such insurance terminates in accordance with Borrower'sand Lender's written sementorap
<br />ac , flicalbe law.
<br />@orrower *half pay the amount of all men~ insurance permiums in the manner provided under paragraph hereof.
<br />Any amounts disbursed by Lender pursuant to this or raph 7, with interest thereon, shall become additional
<br />indebtWirind of Borrower secured by this Deed of Trust. Unless over and Lender agree to other terms of payment, such
<br />aw"writs sholl be payable upon notice from Lender to Borrower requesting payment hereof, and shall beat interest from the
<br />date of disbursement althe rate payable from time to time on outstanding principal under the Note unless payment of interest
<br />at such raft would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable low. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take any
<br />action horiounder.
<br />III. hmpoogm. Lender may make or cause to be made reasonable entries upon and inspections of the Proper rovided
<br />that LwxW "I give Borrower notice prior to any such inspection specifying reasonable cause thereforp f1tataid'41 tender's
<br />inforsel in the Property.
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