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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />t. Payah0N at PrMalpal and NNerest. Borrower shall promptly pay. when due the principal of and Interest on the
<br />indebtedness evidenced by *4 Nola, prepsymsntand late chargesas prowdsd in the Note, and the principal ofand Interest on
<br />any Future Advances secured by the t7esd of Trust
<br />of*
<br />any.
<br />an
<br />rrurers in
<br />insurance emiums if Lender Lender"
<br />e eslimates thereof.
<br />counts of which are insured or guaranteed, by a Federal or sts
<br />Lender shall apply the funds to pay said taxes, assessmen
<br />is for an holdira and saolvina the Funds. snalvzino said accell
<br />l�T
<br />that interest on the Funds shall be paid to Borrower, and unless such agreement is mane or row xacwcar
<br />interest to be id, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender 1 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 Deed of
<br />Trust. 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 repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by
<br />Lender shall not be sufficientto pay taxes, assessments, insurance premiums and ground rents as they fall 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 psytnent thereof.
<br />Upon payment infull o} all sums secured by this Deed of Trust lender shall prompdy refund to Borrower any Funds held by
<br />Lender. d under paragraph 18 hereof the Property is sold orthe Property is otherwise acquired by Lender, Lender shall apply,
<br />no Inter 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. AppNcaton of Paynrente. Unless applicable taw PProvides otherwise. all payments received by Lender under the Note
<br />and perraphs 1 and 2 hereof shall be applied by Lflnder first in payment o1 amounts payable to Lender by Borrower under
<br />paragr 2 hereof, then to interest payable on the Note, then to Me principal of the Note, and then to interestand principal on
<br />any Future Advances.
<br />4. Charges• Liars. 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 shad promptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />Borrower shat! make t directly, Borrower shsti prompdy faintish to Lender receipts evidencing such payments.
<br />Borrower shall pr y discharge any lien which has pnoriry over This Oeed of Trust; provided, that Borrower shall not be
<br />required b diacha►gesnyy such lien ao long as Borrower shall agree in writing to the payment of the obligation secured by such
<br />lien in a manner sccapteble to Lender, or shall in good faith orontast such lien tiy, or defend enforcement of such lien in, legal
<br />proceedings which operate te prevent tha enforesmenl W tha Iron or torteiture of the Property or any part thereof.
<br />5. tta=ard Irnstntattcs. Borrower shad 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 m such amounte and for such periods as Lender ma require; provided, that Lender shall not require that the amount of
<br />such coverage exceed that amount of coverage requ* to pay the sums secured by this Deed of Trust
<br />This insurance carrier providing the insurance shad be chosen by Borrower subjectto approval by Lender: provided, that
<br />such approval shelf 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 shad 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 event of loss. Borrower
<br />shalt 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 it the security of this Deed of Trust would be
<br />impaired, the insurance proceeds shall ore applied to the sums secured by this Deed of Trust. with the excess, it any, paid to
<br />Borrower. If fro ropsrry hs abandoned by Borrower, or it Borrower faits to respond to Lender within 30 days from the date
<br />notice is mailed by Lender to Borrower that the insurance carrier offers to setk a claim for insurance benefits. Lender is
<br />suMorized 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 O�etl of Trust.
<br />Unless Lender and Borrower odwserwise agree in writing,any such application of proceeds to principal shall not extend or
<br />postpone itie due date of tha monmty installments referred to in paragraphs t and 2 hereof or change the amount of such
<br />irlatellltlents. tender 18 hereof the Property,is aCquved by Lender, all r�p'ght, title and interest of Borrower in and to
<br />any insurance pdicns in and b the prxeed3 thereof resulting from damage tery Property prior to the sale oracquisition
<br />shall pass to l.snrler to the extant of the sums secured by "a Owed of Trust immediately prior to such orals or acquisition.
<br />i. Preservation and Maintenance of Property; Leaaelnolds; Condomkninrnrns; Planned UtwN Dsrslo�nnstnls. Borrower snail
<br />keep its property m good repair and shall not commit waste or permit 1m irment of deterioration o the Property and shall
<br />comply wrtt�tt tta provroiorrs of sny tease if this Dasd of Trust is on a leasehold. if this Jesd of Trust is on a unit in a condommium
<br />or a planned unit development, 9orrowsr shad perform all of Borrower's obligations under the declaration w covaranta
<br />creslnq or go+ror iha condominium or planned unit dsvetopmsnt, its by -laws end regulations of iha condominium or
<br />ppiia�mrtMd unit dsv ntelopnsnt, and constituent documents. if a condominium or planned unit development rider is ezcuted by
<br />Borrov►er and recorded togslt►er with this Deed of Trust, the covenants and agrssmments of such rider shall 6e incorporated
<br />into end steal: amethd and supplsmsn! the covenants and apreemenb of this Oeed ai Trust es it thre riper were s peR hereof.
<br />7. Preleallen of Leader's Secuft. it Borrower fails to perform the covenants and agreements contained in this Deed of
<br />Trust, or if any action or proceeding is commenced with materiallyalhcts Lender's interest in the Property, including but not
<br />limited to, s m irientdomain, insolvency, cods enforcement or am ngements 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 isnscesserylo proMet Lender's intarset incluti ft but not limited to, disbursement of ressonableattorney's fees and
<br />at uponthe Property to make repairs. if Lender required insurance as a condition of making the loan secured by
<br />the Dssd of TmK Borrower shall pay 1M premiums required to maintain such insurance in effect until such time as the
<br />rsq - isinsNetorsut iinaurmosNrminalasita000rdanc�switfBorvower 'sandLender'swrittenagreementor taw.
<br />Harrower shag pay its amount of all nortge" insurance prrmiums in the manner provided under pa raph hereof.
<br />Any amounts, disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br />irWSblednew of Borrower secured by Oft Deed of Trust. Unless Borrower and Lender agree to other terms of payment such
<br />amounte *Ag bs� upon notosfrom Lander to Borrower requesting payment hereof, and shall bear interest from the
<br />dNaol diiDurasn twhe rata payable from firms to lime on outstanding principal under die Note unless payment of interest
<br />at such rate would be contrary to applgieabN law, in which event such amounts shall bear interest at the highyst rate
<br />penniMibia under applicable law. thin Contained in this paragraph 7 shall require lender to incur any expense or take any
<br />& I If 11Sn Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />sh
<br />that Lender all give Borrower notice prior to any such inspection spa i"g reasonable cause therefore related to Lender's
<br />Wdar at in the Property.
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