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96--w '105824
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />indebtedness evof poed Nob mower hall promptly pay, when due the principal of and interest on the
<br />any Future Advances secured by by the D=0100T. ust provided in the Note. and the principal of and interest on
<br />2. FundsterTattsseatill ttoo. cttoapplicable lawortoawrittenwaiverbyLender ,Borrowersh llpaytoLender
<br />on thteday nwMftfyiragNmentsotprirtc� utuld irtbrestare p�yabk undertha Nob, until the Nob is paid in iuU.atwm (herein
<br />'.Funds ") equal to one- ttiiiolflh � the yearly taxes and aastessmsrtts which may attain priority over this t)sed of Trust, and
<br />ygero�unyd renbon 1heProperly, if anyoprk�raspone- twolltltotyeaAypremium insteNtttentstorftezard insurance, ptusons -iwiNM of
<br />Lender a basal�aKmaasessmenb nda abiNs and reisottablrn'e sstimalas tltereo(Y sstirnated initially and from Oms to lime by
<br />The Funds shall behold in an Institution the deposits oraccounts of which are insured or guaranteed, by a federal or stab
<br />agency (including Lender if Lender is such an institution). Lender shall apply the funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying Bts Funds, analyzing said account
<br />milEmiummuffle and compiling said assessments and bias, antes* Lender p ays Borrower interest on the Funds and pplicabls tew nderto make such • c}iargs. Bonowsrand Lender may agree in writing et thetitne of execution of teteappl of Trust st on the Funds shall bs paid te Borrower, and unless such ngreerrnertt w made or appUcalbe law rsDgeusidns such be paid Lender shall not be required to pay Borrower any interest or eemmya on the funds. tender shell give to w out cttarggee. art annual accounting of the Funds shows�g credits and debits t0 the Funds and the purpose for h ditiolttotheFurtds was made. The Fundsare pledged as additional securitytor the sums sated by this Deed of
<br />if the amount of the funds held by Lender, together with the future monthly installments of Funds payable prior to the due
<br />date* 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 held by
<br />Lender shall notbe sufficieMto pay taxes, assessments, insurance premiums and ground rents as theytall due. Borrowershall
<br />pay to tender 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 held by
<br />Lender. If under paragraph 18 hereof the Prop" 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 Lenderatthe time of
<br />application as a credit against the sums secured by this Deed of Trust
<br />3. AppNeadon of Paytaortb. Unless applicable law provides otherwise. all payments received by Lender under the Note
<br />and paragraphs t 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. Chsrgies• Lions. 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 payment directly. Borrower shall Promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any hen which has priority over this Deed of Trust; provided, that Borrower shall not be
<br />requiredto dischargeany 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 shalt 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. 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 require; provided, that Lender shall not require that the amount of
<br />such coverage exceed that amount of coverage required to pay the sums secure- - by this Deed of Trust
<br />This insurance carrier providing the insurance shall be chosen by Borrower subjeetto approval 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, it 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 paid premiums. In the eventof 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 feasibi 3 and the security of this Dead 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, if any, paid to
<br />Borrower. If the Prop" is abandoned by Borrower, or it 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 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 paragraphs t and 2 hereof or change the amount of such
<br />installments. M under paragraph 18 hereof the Property is acquired by Lender, ail nght, title and interest of eortower in and to
<br />any insurance policies and in and o the proceeds thereof resulting from damage to the Property prior o the sale or acquisition
<br />shall pass tD Lender t0 the extent m the sums secured by this Deed OI Trust immediately prior to such sale or acgwSttion.
<br />S. Prooervabm sad Malnbnanee of Property; Leasehold*: Condominiums; Planned Unit pm Borrower shall
<br />keep the Property in good repair and shelf not commit waste or permit impairment of detenorationOava of th Pteroperty and shall
<br />comp)yy with the prowworis of any lease if this Deed of Trust is on a leasehold. U this Deed of Trust is on a unit in a condominium
<br />or a planned unit development Borrower shall perform all of Borrowers obligations under the declaration or covenants
<br />crss6 or ring the condominium or planned unit development the by -laws and regulations of the condominium or
<br />planned unit revelopment 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 and agreements of such rider shelf be incorporated
<br />into and shall amend and supplement the covenants and agreements of this Deed of Trust as it the rider were a part hereof.
<br />T. PeoloeYpa of Leader's Seewity. If Borrower fails to perform the covenants and agreements contained in this Dead 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, eminentdomam, insolvency, code enforcement or arrangements or proceedings involving a bankrupt or decedent
<br />then Lender at Lenders 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 not limited to, disbursement of reasonable attorney's fees and
<br />en upon the Property to make repairs. It Lender required mortgage insurance as a condition of making the loan secured by
<br />the Deed of Trust Borrower shall pay the premiums required to maintain such insurance in effect until such time as the
<br />requirementfOr such insurance terminates in accordance with Borroweesand Lender's written agreement or applicabbe law.
<br />Borrower shall pay the 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 Borrower and Lender agreetoother terms of payment such
<br />amount* shall be payable upon notice from Lender to Borrower requesting payment hereof, and shall hear interest from the
<br />data of disbursementat 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 applicable law, 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. Inspeerion. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shelf 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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