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<br />UNIFORM COVENAN'Ts, COVENANT l;cirrowef and f_cnder .d1'.tr;eri' and agrcc .. ,Dhows.
<br />1. Paytmeat of Principal and Interest. Borrower shat, promptly pay when duc the principal and Interest indebtedness
<br />evidenced by the Note, including any variations resulting from changes in the contract rate, and other charges as provided
<br />in the Note.
<br />2. Funds for Taxis and Insurance. Suhjcct to applicable law or waiver by Lender.. Borrowei shall pay io Lender kill
<br />the day` monthly payments of principal and interest are payable under the Note, until the Note is paid in full. a suit- therein
<br />"Funds") equal to one twelfth of yearly taxes and assessments hncluding condominium anti planned unit development
<br />assessments, if any- which may attain priority over thla Deed of Trust. and ground rents on the Property, if any. plus
<br />one- twelfth of the yearly premium installments for hazard insurance. plus one-twelfth of yearly premium installments for
<br />mortgage insurance, if any, all as reasonably estimated initially and from time to time by Lender on the basis of assessments
<br />and bills and reasonable estimates thereof. Borrower shall not be obligated to snake such payments of Funks to Lender
<br />to the extent that Borrower makes such payments tr; the holder of a prior mortgage or decd of trust if such holder is an
<br />institutional lender
<br />If Borrower lays Funds i, Icnder the Funds shall he held in an ,r;sntutton the deposits cor dccounts of which are
<br />insured or guar2mteeci by a E rderat or state agency iincluding. Lender it Lc'rtder it Such it; instltUtitirll. Lender shall apph
<br />the Funds to pay said taxes. assessments. in,drarlce premiums and ground rents. Lender may not charge for so holding
<br />and applying the Funds, analyz,ng said account or verifying and compiling, said a. *sessmeni; and hills, unless Lender pays
<br />Borrower interest ors the Funds and applicable law permits Lcnder to make such a charge. Borrower and I ender may
<br />agree Ili writing al the ante ,of e.ve ut.ion of thts fared of Trust that interest on the Funos shall be i aid to Borrower, and
<br />unless such agreement is rnade or applicable law requires such interest to he paid. Lender shall not he' required to pay
<br />Borrower any Interest or ezrmngs on the Funils Iender shall rive to Borrower without charge, an annual accounting
<br />of the Funds showing credits .w,l tchits io the f=unds anti the purpose for which- each debit to the Funds was made. Che
<br />Funds are pledged as <tddinon,ii ,ccuriry for the ,urns secured by this I_kcd of trust .
<br />if the amount of the Fctud iickl by Lender, together with the future monthly installments of Funds payahlc prior
<br />to the due .fates rif taxes, assessments, trsurance premiums and ground rents. ,hall exceed the alnoutnt required to pair
<br />said taxes, assessments. insurance ; reatiunis anti ground rents .0 they tall ,.iue, sLlCho eats ++ shall be. at Lorrover's option.
<br />either promptly repaid to Borrower or :redited to Boorrower kin monthly uutallmenis of Funets. If the amount of the Funds
<br />held by Lender shall not be sufficient io pay taxes. assessrrems. Insurance ,ire miuins anti ground rents is they fall due,
<br />Borrower shall pray to Lender am amount necessary tco ntakc up the deficiency in one or more pa;ments as Lender nia%
<br />require
<br />Upon Iva, lnent it-, Lull tit :oil sum', :_cured by this Ih:ed 0' 1 rust. 1 cider shall promptly refund to Bori"Mker an', I Mitts
<br />held by Lc;icier It under paragraph ; hereof the Proneri; is sold or the Properry is otherwise acquired h; Lendcr. i endcr
<br />shall apply. rn later than m,medrately prior tI the sale of the Property or its acqusitlori b% Lender, any Funds held by
<br />Lender at thc• time of ippliciiior as a cr dit against the +urns secured by !Ills Deed of [rust.
<br />A, ;application of Payments. l.,riless applicable law ;,ro ,,idcs otherwise. all payments !e,:CIVe<I i1% I.eridCr under the
<br />Noic and paragraphs 1 and hercot,hail be applied by ' ender first m payment of amounts. pa•,abte to Lender h% ll rnowc!
<br />under paragraph hereof then !o -merest payable or 'vote at the applicable contract rate. and then to thc• lane! ;rat
<br />of the Noic.
<br />a. Prior Mortgages and Di-eds of frost; Charges; I„ -,is. Nwrower shall perform all of B iri o�scr's tohligat torts IIIIOCl
<br />any rnorigage, tieed of trust o r other security =,;;rernunt wills I vi-itch has pnorn.y over this Mmiyage, including l oriosst is
<br />covenants to make payments when .tuc Ittrroower shalt fljt .,, :_ ruse UI he tend al ", sixes, assessments and other charg.cs.
<br />?ivies and tmtxrsuimt. ditributable Ic, the Propcn•, u hick may attain a priority over this DLed of i rust. and leasehold payments
<br />or ground rents, if inv
<br />5. Hazard (nsurarict. t3cor;;nscr ,11,111 keno ww implovenlcrtls now c xisnng or hcreaatei tick trd kin the Property inutrcd
<br />drama loss by fort°, hazard, intitiliod -si;hm the icrrn "c tended'ovelary ..'ind su::h , ;hUl halurds as Lender may rl'gUlFC
<br />and in such amounts and fir suLh ;Krto,ds as icndet niav require
<br />Che insurance carrier pnrv!ding the zits ranee shall he chosen by Borrower subject to approval by Lendcr, pro%, ided.
<br />that such approval shali not hr unrcaxmahiy withheld. A11 insurance ptohctcK and renewals thereof shall hem a foim acceptable
<br />to Lender anti .hail u-clude a standard rloriga;,c clause in favor of and in a form acceptable to I ender Lender shall have
<br />the right to hold the ixilicles and renewals therivrf• subject tit the terms of any mortgage decu of trust or other securit%
<br />agreement with a lien which ha: prronty over this Deed of Crust.
<br />In the event of kris. Borrower shall give prompt notice to the !nsurancc carrier Arid I ceder. Lender niay make proof
<br />of kiss if not -nade tromptly by Borrower
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<br />If the Property tn, abandoned by Btrrower.:or. if Burrower tails to respond to lender within 30 days front the date
<br />notice is mailed by Lender to Borrower that the insurance carrier offers to settle a clairn for Insurance hench ,. fender
<br />is authorized to tx-Elect and apply the insurance proceeds at Lender', option either to restoration or repair of the Prcoperlt
<br />or to the sums secured by this fled of Crust.
<br />b. Preservation and Maintenance of Property; Leascholds; Condominiums: Planned unit Developments, Borrower
<br />shall keep the Property in gavel re, pale dnd ;hail not commit waste of permit impairmenl or deterioration of the Pnotkos
<br />and shall oompiv with the provt i ons of ans lease if this Died of trust is on a ic.iseh,lld if this (keel of I iq i• or, i
<br />unit in a cundonuntum (it d planned unit development. Borrower shall perform all of Borrower's ohhgatums under the
<br />deelaratKin or covenants creating or governing the condominium or planned unit development. the by laws and regulations
<br />of the londomtn►um or planned tart developmem, and ecnnsutuent dt)cuments
<br />7. PrtNeetion of Lender's Security. If Borrower falls to loerform the covenants and agreements cofIlaacd m till's Iked
<br />of Trust, or if any acuori or pootceding is commenced which materially affects Icnder', interest ui the Pn)petiy. Then
<br />Lender, at Lender's option. tipon nonce to Borrower, may make such appearances, disburse such sums, tncludmK rcastmahle
<br />attorneys' fee,+, and take such aai�on as is ncc sin to (toter- Lenders interest tf l ender requlrcd mortgage insurance
<br />as a condition of making the loan - cttircci by this Mor•g;. -gc Nitiow_r .hall , ,s e
<br />insurance in effect until such rime as the requirement for such Insurance terminates Ili accordarlce %kith iitoi nokvcr , .tnd
<br />Lender's written agreement or applicahle law
<br />Inv anxxrnis disbursoI by Lender pursuant to this paragr.! {oh w III) Interest lhercor, at the apphcahle ioniract rate
<br />%flail t"i"me atldttirxul tridehltdriess of fllonowcr ;';cured toy this Iked tit [rust l'rdess Iiorrowe, .1111E [Cadet ap :rc•e i„
<br />other ierras of paymt at. such amounts shall ix pavable Mpirn 000cc from I ender to Iiorno%kel rc•que.ung t1sy nier!t ihercol
<br />Nothing reurtauwd In this paragraph hill -.bone lender Io Incur in expense or rik slits atrlon hcr1,I.. Jer
<br />iR. InspectkM. latxk:r tnas makc '11 .Wise o he mad" rca —n -{ tc mitres ,,1Koti lr + o,st`e r1m , it ttic Pro {+ r.% •-io„ ldc:.
<br />L• that Lendcr shall p oc Iitirrowri nn.ir. ;or a.;. ,ii,, 1i nshclr „m s;_ccitFIn$, Ic.is rid .. !, w. l r,,,fc•.
<br />w-ler -st it, 'tie Prtotwo.
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<br />.!lief lA iii !. , *a Iv 1.,1 1 krYict �.1! :it's., lo kill ,i rS`, %, t, J!• . 'rte �,
<br />,.her -..a ... r;; r. 1.z, 1■ .A t'.,
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