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100065
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows,
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<br />I. Payment s Borrower snagi promptly pay when due rile principal of and interest on the
<br />indebtedness evidenced by the ratite. � r .t and sate charges as provided in the Note, and the principal of and interest on
<br />any Future Advances secured by tha of Trust.
<br />2. Funds kw Tomm and Inwanil 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 fire Note, until the Note is paid in full, a seam (herein
<br />"Funds") equal to one- twisItth of the yearly taxes and assessments which may attain priority over this Deed of Trust, and
<br />ground rents on the it any, plus one twelfth o1yearly premium installrments for hazard insurance. plusione-twelifthol
<br />yearly premium installments for mortgage insurance_ of any, all as reasonably estimated initially and from time to time by
<br />Le on the basis of a s its anus bibs and reasonable estimates thereof.
<br />The Funds shall be hefd in an institution the its or accounts of which are insured or guaranteed, by a Federal orstate
<br />agency (including Lender if Lender is such an institution). Lender shMi apply the funds to pay said takes, assessments,
<br />insurance premiums and mound 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 cable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the lime of execution is ttass of Trust
<br />that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicalbe law requires such
<br />interest to be paid. Lender shall not be required to pay Borrower any interest or earnings or; the Funds. Lender shall give to
<br />Borrower, wittrout chase. an annual accounting of the Funds showing credits and debits to the Funds and the purpose for
<br />which each debit to the ands was made. The Funds are pledged as a dtfional security for the sums secured by this Deed of
<br />Trust.
<br />It rtes amount of the funds held by Lender, together with the suture mo,:inly 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 cue, such excess shall be, at Borrower`s option, either
<br />promptly repaid to Borrower or credited to Borrowe: on monthly ;nsta men s l Funds. It the amount of the Funds held by
<br />Lender shah nos be sufficient to pay taxes, assessm=ents, insurance premiums and rents as they fail due. Borrower shard
<br />!ground
<br />pay to Lender any amount necessary to make up the deficiency w ran 30 days ,rom the date notice is mailed by Lender to
<br />Borrower requesting payment thceyeof
<br />Upon payment In full of all sums secLired by this Deed w Tr st. Leader promptly rssfund to Borrower any Funds held by
<br />Lender, if under paragraph 18 hereof she Pippin •s sold or he Pronerr_ s, tt e. w, se acquired by Lender. Lender shall apply,
<br />no Later than immediately prior to the sale of.the Propei'v its ac su �r + e ;er. and Funds held by Lender at the time of
<br />application as a credit against the sums secured by this geed ,of Tr,u,-
<br />3. Application of Payments. Unless app?icaD e i<s v p wide c.i ervy;se a l c- aymenis received by Lender under the Note
<br />and paragraphs ? and 2 hereof shall be ?pp led by Lender first In pa r F.?t . o =rts payable to Lender by Borrower under
<br />para rapph 2 hereof. then so ; ,tea "est pa; ?lie on the Note. then to .nr Note and inert to interest and principal on
<br />Puture
<br />any Advances,
<br />4. Charges; .3orro"ly rssn fayao taxes. assessments a!ld ol"! ercharges.• ines arid impositions attributable tothe
<br />Property which may attain, a priority _ ver fh.s Deed �'if Trust and leasehold payments or ground rents, it any, in the manner
<br />provided under paragraph. 2 ne=ecf o7, ;f -,of paid in s;acn manner, by Borrower !nak+mg payment, when due, directly to the
<br />payee thereof. Bxrower sha l prompiiv rash to' ender a! :ot•ces of amounts due under this paragraph, and in the event
<br />Borrower shadl make payment d;rect, Borrower sha! l p.omotiy furnish to Lender reoeipis evidencing such payments.
<br />Borrower shall promptly discharge any lien which rias priority over this Geed of Trust provided, that Borrower shalt not be
<br />required to discharge any such lien so long as Borrower shah agree to writing fo the payment of the obligation secured by such
<br />lien in a manner acceptable to Lender, or shall in good fa in contest such !tern by, or defend enforcement of such lien in, legal
<br />proceedings which operate to prevent the enforcement of the lien of forfeiture of the Property or any part thereof.
<br />5. Hazard trieurance. Borrower shaft keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by fire, hazards included wttnir the term "extended coverage" and such other hazards as Lender may require
<br />and in such amounts and far such pancds :-ss Lender may reouirer ovide'd. that Lender shall not require that the amount of
<br />such coverage exceed tha am ^i.int - - ^f coverage required to ay the sims secured by this Geed o' Trust.
<br />This insurance carrier o7ovdi °:ythe;nsuranceshalltecrtoser B errowersubiectfoapprova iby Lender prowded,that
<br />such approval shall not be unreasonably withheid. All prerrsiums 01. :r,surance policies shalll 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 .n favor of and :n 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 at receipts of paid premiums. in the event of loss. Borrower
<br />shall give prompt notice to the i nsurance carrier and Lv°nder. Lel7der may mane proof of loss if riot ;made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree !n writing, insvrarr e proc.peds shall be app! led to restoration or repair of the
<br />Prop" damaged, provided such restoration or repair is economically ?eawbie ana the security of ti is Deed of Trust is not
<br />thereby impaired. If such restoration or repair is not economically feasrble or if the security of this Deed of Trust would be
<br />impaired, ttre insurance proceeds shall be app! led to the sums secured by this Deed of Trust with the excess, if any, paid to
<br />Borrower. if the Property is abandoned by Borrower, or it Borrower `ails to respond to Lender within 30 days from the date
<br />notice is mailed by Lender to Borrower that the !nsurance carrier ufFers to settle a claim for insurance benefits. Lender is
<br />authorized to collect and apply the insurance proceeds at Lender's spoon either to . es%o ation or repair of the Property or to
<br />the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwiseagree in writing. any such appitcation ct proceeds to principal shall notextend or
<br />postpone the due date of the monthly installments referred to sn paragraphs 1 and 2 hereof or change the amouid of such
<br />installments, h 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 />6.. Preservation and Mairtersance of Property; Lea s; Condo i moires; Planned Unit Borrower shah
<br />keep the Propety'; in goat repair and shall not commit waste or permit i mpa- .rment of deterii: ration o the Property and shall
<br />comply" with the provisions of any lease if this Deed of-, fust is on a !easehoid. ;f th-s Deed e °, Trust is on a unit rn a condominium
<br />or a planned ur;! deve;oplintl . Borrower shall perform all al Borrower s bliaatir;^s ur!der the declaration or covenants
<br />creating or governing the eor Comin urn or planned unit development, the by -laws and reguiatsor s of 'e condominium or
<br />planaaed unit development and constituent documents. if a coridoc mimum or planned un t development rider is excute4 by
<br />B�rfower and recorded together with this Deed of Trust 'fie cove ants and agreemeril such cider shall be incorporated
<br />Inti3 find shalt amend and supplement the covenants and agree- rnent9 Of this L7eed, of Trust as it the rider were a part hereof.
<br />T. Prollectlian d Leader's. Security. it Borrower fails to perform the covenants and agreements contained in this Deed of
<br />Trait, or it any action or proceeding Is commenced with materially affects Lenders mterest;m the Properly. ;nciuchng but nos
<br />ifm,ft to, enrrrent domain, insolvency, code enforcement, or arrangements or proceedings involving a bankrupt or, c#ecedent,
<br />Lfire derr at Lerider s option, upon notice to Borrower, may make such appearances, d =sburse such sums and take such
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<br />action as Is necessary to protect Lender's interest. including. but not limited to. disbur "serrient of reasonable attorneys fees and
<br />efit%=upon the Pr to make repairs If Lender repuireo srcingage insurance as a condition of making the loan secured by
<br />Wre of Trust, rruwer shat,; pay the premiums required to main£air such ;nsurance :n effect until such time as the
<br />,equiremeril for suers insurance terminates In accordance with Borrower c and Lenders written'!gregiment or applicalbe law
<br />Borrower e pay then arrsount of ail -e insurance premiums in the manner provided under paragraph 2 hereof.
<br />.Any afflounts disbursed by Lender pursuant to this Para raph 7. with .merest thereon shall become additional
<br />Borrower Borrower
<br />ImIfifibilisdinells of secured by this cat Trust ± m=ess and Lender agree to other terms of payment, such
<br />arfunfla,"I be payable upon nouce from Lender to Borrower requestar+g ;lea ra lent hereof and shall bear interest lrr m the
<br />,ar.. .. tat ttua rate payable from time to lime on outstan i +g pr ncipa! ur ('firThe Note i niesa vaymesat taf interest
<br />at SlXh role Wot,Ei# be .t»r I to appflcable law. an w.!..n evert such amp ,rt"; Snail "nea, riterefit at °he highest rate,
<br />r"asilliwe 4Fr#` F to "C' able, iaw Not!,tng ihos paragraph 7 Shah � -,2r anv e- L'e'r,se-' of take tAnv
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