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UNipmm CoYENANn. Burrower and Uender covenant and agree as follows:
<br />1. Psymeas of PrIsichiell and InIferest. Borrower %hall promptly pay when date the principal of and interest on the
<br />indchtedr►tm. evidenced by the Note, prepayment and laic charges as provided in the Note, and the principal of and interest
<br />on asFuture M u.-vancescurcd by this Deed of Trust.
<br />I%mk W Tailims assad Immismacts. Subject to applicable law or to a written waiver by Lender, Harrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable tinder the Note, until the Note i� paid in full,
<br />a sawn (herein "Funds") equal to one-twelfth of the 'yearly taxes and assessments which may attain priority over this
<br />Deed of Trust. and ground rents on the Property, it any.plus one-twelfth of yearly premium installments for hazard insurance.
<br />pi one- twelfth of yearly premium installments for mortgage insurance, if any. all as reasonably estimated initially and from
<br />time to time by Leader on the bask of assessments and bills and reasonable estimates thereof.
<br />I The Fisiatillsihall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />veto agency (incluading, 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 the Funds, analyzing said account
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not be required to pay Borrower any interest or so
<br />carnin l; n the Funds. Lender
<br />shall givelca Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />E u rpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />y this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due 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 tall due, such excess shall be. at Borrower's option, either
<br />omptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance: premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to 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
<br />held by Lender. If tinder paragraph 18 hereof the Pro ray is sold or the Property is otherwise acquired by Lender. Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender at the tithe of application as a credit against the sums secured by this Deed of Trust.
<br />3. Appillicadim of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />Under paragraph 2 hereof, then to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. Charges; Liens. Borrower sE „, pay all taxes. assessment,; and other charges. fines and impositions attributable to
<br />the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof or, if not paid in such manner. by Borrower making payment, when due, directly
<br />to the yee thereof. Borrower shall promptly furnish to Lendcr all notices of amounts due under this paragraph, and in the
<br />event =r shall make
<br />ma ke paym
<br />ent directly, Borrower shall p
<br />rompt
<br />ly fur
<br />nish
<br />to Leader receipts evidencing such payments.
<br />shall promptly discharge sn y lie n which h as priority over h Deed of I rust; provided, that Borrower shall not he
<br />requtred ' ur ge a n h ” e n so a s Bor owcr sha a cc an �ruin g to the payment of the obligation secured by
<br />strch a. r ce�lbl in Len goal colu, st such lien by, or defend enforcement of such lien in.
<br />legal -h i ope rat t c prevent the enforcement - ( the lien or forfeiture of the Property or any part thereof.
<br />operate to k improvements or hereafter erected on the Property insured
<br />againsi loss by e. hazards included within the term "extended coverage such other hazards as Lender may require
<br />stud such amounts such pe .Ws a s Lender may require: provided. that Lender shall not require that the amount of
<br />h exceed that u. of c. age r . q u., ed pay secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shall chosen
<br />subject to approval by Lender: provided.
<br />that ansch approval shall not be unreasonably withheld. All premiums on insurance policies shall he paid 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 />insurance carrier.
<br />All insurance policies and renewals thereof shall be all form acceptable to Lender and shall include a standard mortgage
<br />clam. in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof.
<br />and Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of loss.
<br />Borrower shell give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing. insurance proceeds shall he applied to restoration or repair of
<br />the Property
<br />damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trust is
<br />t=.Mpaired. If such restoration or repair is not economically feasible or if the security of this Deed of Trust would
<br />be impaired, the insurance proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, if any, paid
<br />to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the
<br />due notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits. Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to 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
<br />or postpone the due due of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />suach installments. It under paragraph 18 hereof the Property is acquired by Lender, all right, title and interest of Borrower
<br />in and to any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the sale
<br />or acquisition shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such sale or
<br />Pi"Mod" and Mambisessonce of Properly; Leaseholds; Conalleariallislausts; Planned Unit Developments. Borrower
<br />4L
<br />shag keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the Property
<br />mW dull comply with the provisions Of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust isona unit in a
<br />condominium or a planned unit development, Borrower shall pedorm all of Borrower's obligations under the declaration
<br />or cniassmalls creating or governing that condominium or planned unit development, the by-laws and regulations of the
<br />coodomianiuss or pilloried unit development. and constituent documents. If a condominium or planned unit development
<br />rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such rider
<br />aMU be incorporated into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider
<br />Were &
<br />PUt bKW(.
<br />P - 11 of Leasidees Searmlity. If Borrower fails to perform the covenants and agreements contained in this
<br />Dad of Tmeat, or if my action or proceeding is commenced which materially affects Lender's interest in the Property.
<br />inellodiaig, bills not WWI*d to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a
<br />bankraispt itar'docedessit, then Leader at Lender's option, upon notice to Borrower, may make such appearanceii, disburse such
<br />sums- i6j- toM VAh action at is, necessary to proatea Lender's interest, including, but not limited to, disbursement of
<br />reason" sationially's falls and entry. upon the Property to make repairs. If Lender required mortgage insurance as a
<br />campadeas of al"sig tM loan secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such
<br />such time as the requirement for such insurance terminates in accordance with Borrower's and
<br />I" s,willsoassa, orsomont or appac" law. Burrower shall pay the amount of all mortgage insurance Premiums in the
<br />alidw a
<br />vio�s! 2 bereatif.
<br />==RyoLandear purialasnit to this paragraph 7, with interest thereon, shall become additional
<br />undislIZZolf = secured by this Deed of Trust. Unless Borrower and Lender agree to other terms, of payment, such
<br />sumalsou," be pay" upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />daN of ilklimso omit 'st ft raise PSY01111111 from time to time on outstanding principal under the Note unless payment of interest
<br />at such rah 'lsould be contrary to opplicable law, in which event such amounts shall bear interest at the highest rate
<br />pKahil tiUiia isisdrpr applie" law. Nothiol contained in this Paragraph 7 shall require Lender to incur any expense or take
<br />anyaalisis hormadvir.
<br />IL kip em" Leader may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />tint Lender "I gave borrower nolicas prior to any such inspection specifying reasonable cause therefor related to I ender',,
<br />interim in the Proostriv.
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