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$8-- 10"7468
<br />I' UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepsymentand late charges as provided in the Note, and the principal of and interest on
<br />any Future Advances secured by the teed of Trust.
<br />2. Funds Im Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender
<br />on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full, a sum (hers'.n
<br />"Funds ") equal to one - twelfth of the yearly taxes and assessments which may attain priority over this Deed of Trust, and
<br />ground rents on the Property. if any, plus one - twelfth of yearly premium installments for hazard insurance, plus one - twelfth of
<br />Yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed, by a Federal or state
<br />agency (including Lender if Lender is such an instituti7n). 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 a pliable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this Deed ofTrust
<br />that interest on the Funds shall be paid to Borrower. and unless such agreement is made or ap licalbe law requires such
<br />interest to be aid, Lender shall not be required to pay Borrower any interest or earnings on the funds. Lender shall 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
<br />If the amount of the funds field 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 besufficient to 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 payment thereof
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender shalt promptly refund to Borrower any Funds held by
<br />Lender. If under paragraph 18 hereof the Properly is sold orthe Property is otherwise acquired by Lender. Lender shalt apply,
<br />no later 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. Application of Payments. Unless applicable law provides otherwise, ar payments received by Lender under the Note
<br />and paragraphs 1 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 mlerestand principal on
<br />any Future Advances.
<br />4. Charges; Liens. 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 ppromptly discharge any lien which has priority over this Deed of Trust. provided, that Borrower shall not be
<br />required to 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 shall 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 fien or forfeiture of the Property or any part thereof.
<br />5. 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 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 requ to pay the sums secured by this Deed of Trust.
<br />This insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender, provided, that
<br />such approval shall not be unreasonably withheld All premiums on : nsurance 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 tender 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 event of 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 small be applied to restoration ur 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 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, it Pny, paid to
<br />Borrower If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date
<br />notice is mailed by Lender to Borrower that the insurance carrier otters 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 1 and 2 hereof or change the amount of such
<br />installments if under paragraph 18 hereof the Property is acquired by Lender, all right title and interest of Borrower in and to
<br />any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to 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 acquisition.
<br />G. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments. Borrower shall
<br />keep the Properly in good repair and shall not commit waste or permit impairment of deterioration o the he Property and shall
<br />comp)y with the provisions of any Iease if this Deed of Trust is on a leasehold. If this Deed of Trust is on a unit in a condominium
<br />or a planned unit development, Borrower shall perform al! of Borrower's obligations under the declaration or covenants
<br />creating or governing the condominium or planned unit development. the by -laws and regulations of the condominium or
<br />planned unit development and coesfituenf docwnents. if a condominium or planned unit development rider +s exeuted by
<br />Borrower and recorded together with this Deed of Trust the covenants and a regiments of such rider shall be incorporated
<br />into and shall amend and supplement fhe covenants and agreements of this feed of Trust as if the rider were apart hereof.
<br />7. Protection of Lender's Security. 11 Borrower fails 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 />men 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 not limited to, disbursement of reasonable attorney's fees and
<br />entry upon the Property to make repairs. If 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 />requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law
<br />Borrower shall pay the amount of all mortgage insurance prrmiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragrapn 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to other terms of payment such
<br />amounts shalt be payable upon notice from Lender to Borrower requesting payment hereof, and shall bear inter^sl from the
<br />L date of disbursement at 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 jaw Nothing contained in this paragraph 7 shall require Lender to incur any expense or take any
<br />action hereunder
<br />S. Inspeeilon. Lender may make or cause to be made reasonable entries upon and inspections of the Property provided
<br />that Lender Shall give Borrower notice prior to any such inspect4on spPeliying r aasonabie cause therefore retailed to Lender "s
<br />interest in the Property
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