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<br />UNIFORM COVENANTS Borrower and Lander covenant and agree as Wows.
<br />1. P I , *11 Principal and Interest Borrower shall promptly pay wtien due the principal of and interest on the
<br />jrxktftdnessevK%ww;odby"NcOo,pn*o and Into charges as provided in the Note, and the principal of and kd~on
<br />any Future Advances secured by Ow = V011,1111L
<br />2. Ftsails I*rTaummd howame. ~110 applicable law onto a written waiver by Lender, Bornowershall paylo Lander
<br />onthedaymorithlyinstallivier- of principal and interest we payable underthe Nolle, until theNote is paid in fuN. a surn Ownilin
<br />"Funds") equal to one-tareft of the yearly Uum and assessments which may actin priority over this Dead of Thist. 00
<br />ground rents on the Properity, it any. plus one-twoM of yearly premium instailmerttsior hazard kisurience.plitis one- wG11111111 of
<br />yearly premium instsiknartts for mor�ape msuranoe, it arty. an as reasonably estimated Initially wild from time to *me by
<br />The Funds shall be hold in an inc—lubon the deposits oromvunts of which are insured or guarantied, byaFederal or slab
<br />agency (including Lander of Lander is such an institution). Lander shall apply the funds to pay said taxes. asseewnorft
<br />insurance premiums and ground rents. Lender may not chargeior so holding nd apMykVtmfurift&rWyzmgsaidaccourit
<br />or verifying and compiling said assessments and bills. union Lander pays =werinsereallonthe Funds and i-p-plicablolaw
<br />permits Lander to make such a charge. Borrower and Lander may aginse" writing allthellime of execution oftiftbee.d offrutit
<br />that interest on the Funds shall be paid to Borrower, and unless such agreemerld is made or applicallbe law 6 such
<br />interest to be paid. Lender shall no: be required to pay Borrower any interest or earnings on the Funds. Lander owe 10
<br />Borrower. without charge. an annual accounting of the Funds showing credits and debits to the funds and " purpose for
<br />which each debit to#* Funds was made The Funds are pledged as additional security for the sums secured by this Deed of
<br />Trusit.
<br />It 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 Was
<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 held b
<br />Lender shall not be sufficient to pay taxe& assessments, insurance premiumsandcund renisasthey fell due. Borrower shall
<br />pay to Lender any amount necessary to make up the deficiency within 30 days m 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 Pro q sold or the Property is otherwise acquired by Lender. Lender shall apply.
<br />no I W than immediately prior to the sale of trh_el I
<br />-a ioPerty or its acctwisaicin by Lender, and Funds held by Lender atthetime of
<br />application as a credit against the sums secured by this Deed of Trust
<br />3. Application of Unless applicable taw provides otherwise all payments received by Lender under the Note
<br />and paragraphs I and 2 hereof snail 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 Noie, men to the principal of the Note, and then to interest and principal on
<br />any Future Advances
<br />4. Charges; hens Borrowers shat i pay all taxes. assessments and other charges, fines and impositions attributableto the
<br />Prop" which may attam a pnorttp over this Deed of Trust and leasehold payments or ground rents, it 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 snail promptly furnish to Lender at) notices of amounts clue under this paragraph, and in the event
<br />Borrower shall make payment directly Borrower snail 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 todischaigean such
<br />sc=ge So long as Borrower shall agree in writing to the payment of the obligation secured by such
<br />i-en in a manner to Lender of shall in good farm 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 of 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 in such amounts and for such periods as Lender me require. provided. that Lender shall not require that the amount of
<br />such covers" exceed that amount of coverage required to pay the sums secured by this Deed of Trust
<br />Thtsinsurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that
<br />such approval shall not be unreasonably withhold Ail premiums on insurance policies shall be paid in the manner provided
<br />ender 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 tr-m acceptable to Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender Lender snail have the right to hold the policies and renewals thereof, and
<br />Borrower stall 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 !assurance carrier and Lender Lender may make proof of loss it not made promptly by Borrower
<br />Union Lender and Borrower ~wise agree in writing, insurance proceeds shall be applied to restoration or repair of the
<br />Property damaged, provided such restoration of repair is economically feasitil • and the security of this Deed of Trust is not
<br />thereby impaired if such restoration or repair is not economically leasibie or it the security of this Deed of Trust would be
<br />impaired, the insurance proceeds snail be applied to thie sums secured by mist Dew of Trust with the excess, if any, paid to
<br />Borrower If the Property is abandoned by Borrower or it Borrower tails to respond to Lender within 30 days from the date
<br />notice is mailed by Lender to Borrower that me insurance carrier offers to settle a claim for insurance benefits. Lender is
<br />authorized to collect and apply the insurance proceeds at 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 peraglraptis I and 2 hereof or change the amount of such
<br />installments " under paragraph 18 hereof the Property is acquired by Lender Borrower ail right title and interest of Boower in and to
<br />any tirsurancepolicies s in and to the proceeds thereof resulting from damage to the Prop" 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 r. cquisfition
<br />& Preservation and Maintenance W Primmittlir; Lissisisholids; Condamlinflums; Planned Unit D"@W Borrower shall
<br />keep Me Property in good repair and snail not commit waste or permit impairment of deterioration oftnhieTtr%erty and shall
<br />comply with 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 />of a planned unit development, Borrower shall perform all of Borrower's obligatons under the declaration or covenants
<br />creaAng
<br />or governing the condominium or planned unit development the by-laws and regulations of the condominium or
<br />planned unit development, and constituent documents If a condominium or planned unit development rider is excuted by
<br />Borrower and recorded together with this Deed of Trust, the covenants a-d agreements of such rider shall be incorporated
<br />into and shall amerd lano supplement the covenants and agreements of this Deed of Trust as if the rider were a part hereof
<br />7. ProllisiAm of Lender's Security. it Borrower tails to perform the covenants and agreements contained in this Deed of
<br />Trust or if any action or proceeding is commenced with materially affects 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 necessary to protect Lender's interest including, but nothnifted to. disbursement of reasonable attorney's fees and
<br />entry upon the Property to make reports. 11 Lender required mortgage insurance as a conditionafmaking the loan Secured by
<br />the Deed of Trust Borrower shall pay the premiums requirec 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 "icalbe law
<br />Borrower shall pay We amount of all mortgage insurance premiums in the manner provided under paragraph ie 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 Dead of Trust Unless Borrower and Lender agree to other terms of payment such
<br />amounts shall be payable upon notice from Lander to Borrower requesting payment hereof and shall beat interest from the
<br />dale of disbursement at the 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 taw. in which event such amounts shall bear interest at the highest tale
<br />permissible under applicabie ism Nothing contained it MiS paragraph shat! require Lender to incur any expense or take any
<br />action hereunder
<br />I. WOPOC§gn LOV1601 may make Cr Cause to be male -"sorautr e-tr+s ipor and mspectionjo _,! the Property "favillec
<br />that Linder %",li give Bofyowef nonce ono• -o ary -c—de,
<br />Wflw,h " property
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