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<br />UNlFoltM COVENANTS. Borrow(( and Lender covenant and agree as follows:
<br />1' Psy� °� Prind� ad Intetrrst. Borrower shall promptly indchtedttt t evi aced by the Note, R P y Pay when due the principal of and interest Tin the
<br />Prepayment and late charges as provided in the Note. and the principal of and interest
<br />on an dri sic Advances secured t this Deed n Trust.
<br />rr voon>k for Tax" and lewrance, Subject to applicable law or to written
<br />to Lender on the day monthly installments of principal and interest are payable ndersthe Notre until the Note is paid in p
<br />a sum (herein "Funds ") equal to one twelfth of the yearly taxcs and assessments whits may attain P full.
<br />Deed of Trust, and ground rents on the Property, if an Y priority over this
<br />Plus one - twelfth of yearly premium installments for morrgag� nesur nceh f nyrhipas reasonably r tallmcrnatad lest allyrandrlram
<br />time to time byy 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
<br />state agency (including Lender if Lender is such an institution)• Lender shall apply the Funds to pay said taxes. assessments.
<br />ed c r guaranteed by a Federal or
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds. analyzing said ,%.scum
<br />or verifying and Compiling said assessments and hills, unless Lender pays Borrower interest on the Funds and applicable law
<br />urmits 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
<br />requires. such interest to be paid, Lender shall not be required to g Cement is made or applicably law
<br />shall give to Borrower, without charge, an annual accounting of the Fundw howy g interest credos or earnings
<br />debits to the Fu ids and he
<br />ry this tot which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />y this Deed of Trtut.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />y 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 fall due, such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />Berl 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 marled
<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 Ft►nds
<br />held by Lender. If under paragraph IS hereof she Property is sold or the Properly is otherwise acquired by Lender. Lender
<br />shall apply, no later than immediately prior to the sae of the Property or its acquisiton by Lender. any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. AppMorai fists of Ilya meek(, 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 Burrower
<br />trader paragraph 2 hereof, then to interest payable on the Note, then V) the principal of the Note and then t i
<br />Prinei;pal on any Future Advances. , o nteres t and
<br />the
<br />Property C✓s+Res. Lieny rower shall pay all taxes. asscssinents and other charges, fines and impositions attributable to
<br />Patty 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 makin g payment, when due, directly
<br />to the ayee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the
<br />event Umfowcr shall make payment directly. Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority over this Decd of Trust; provided, that Borrower shall not he
<br />required to discharge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien in.
<br />legal roceedin which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />I H> lawrance. Borrower shall keep the improvements now existing or hereafter erected on the P
<br />against loss by Are, hazards included within the term "extended coverage ". and such other hazards as Lender may require
<br />and in such amounts and for such qq Property insured
<br />such coverage exceed that amount of coo erage required yto pay the sum% secured by this hDeed of Tr ►s� that the amount u1
<br />The insurance carrier providing the insurance shall be chosen by Borrower sr►b�ect to approva6 by lender: pravrdcd,
<br />that such approval shall not be unreasonably withheld. All premiums on insurance
<br />r odtr paragraph 2 hereof or, if not paid in such manner, by Borrower making Pays shall he paid in the inserter
<br />g payment, when due, directly to the
<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
<br />and Borrower shall promptly furnish to Lender all renewal notices and all receipts of Policies and renewals thereof.
<br />Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof Of to" if not made t promptly
<br />by Borrower. P P Y
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trust is
<br />not thereby impaired. If such restoration or repair is not economically feasible or if the security of this Deed of That would
<br />be impaired. the insurance proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, if an
<br />to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from he
<br />y Paid
<br />data 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 />Of to the sums secured by this Deed of Trust. fx y
<br />Unless Leger and Borrower otherwise agree in writing, any such application of proceeds to principal shall not exten
<br />Of postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments. If under paragraph lb hereof the Property is acquired b ender. I
<br />in and to any insurance policies and in and to the proceeds thereof resulting front damage right, title and interest of Borrower
<br />Of acquisition shall pass to Lender to the extent of the sums secured by this Deed of Trut immediately property Prior to the sale
<br />"qW�t .eervallon aid prior to such sale or
<br />shalt keep the we Majo enmKc of Property; Leaseholds; Condottataldms; planes Unk Dove
<br />p Property in good repair and shall not commit waste or permit impairment or deterioration lQ ot he Property
<br />and shall comply with the provisions of any lease if this [red of Trust is on a leasehold. If this Died of Trust is on a unit in .►
<br />condominium or a planned unit development, Borrower shall per all of Borrower's obligations under the declaration
<br />or covenants Creating or governing the condominium or planned unit development.
<br />condominium or planned unit development. and constituent documents. If a t.om niumgor planned rtcimcade elopmcni
<br />rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such rider
<br />"I be incorporated into and shall amend and supplement the covenants and agreements of his Deed of Trust as if the rider
<br />were a part hereof.
<br />7. P111111011000M of lei's Security. If Borrower farts to
<br />Dead of Trust, or if any action or proceeding is commenced which rmateriiallyv� ergs Lender's c interest in the cProp,erty.
<br />including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a
<br />bankrupt or decedent, then Lender at Lender's option, upon notice to Borrower. may make such a
<br />sums and take such action as is necessary o y PPe &ranCes, dnhurse such
<br />reasonable attorney's f� and entry upon the protect makernrepairs inlfdLe crurequiredmmortgagedi n�urance ra% i�
<br />condition of making the loan Secured h this Deed of Trust. Borrower shall a the
<br />insurance in effect until such time as the requirement for such insurance terininaes in accordance with Borrower's acid
<br />P Y Premiums required w maintain such
<br />Lender's written agreement or applicable law Borrower shall pay the amount of all mortgage insuramc premiums it, the
<br />manner provided under par&p raph 2 hereof.
<br />An amounts disbursed by I,endcr pursuant to his
<br />ttuteDttdi>ees of 1lArfovrer secured by this [?teed of Trust. tnlessravrrower a J I end�redrere to uthcrhernts �e ",me ,idditron.il
<br />a nts shaft he payable upon nuti`e from (.ender w Harrower rc ueatin Of payment. such
<br />date of Q NntatAKnt M the fact payable from time to time stn outstanding principal under the Noe "rife$% payr,ien► it uucrrsr
<br />V g paynscni thcrcaf..md sh ll
<br />layer uit`rest f run, the
<br />at such rile would be Contrary to applicable law, in which event -Ch amounts Shall hear irroterest at he highest fair
<br />any spermissible r applicable l &w Nothing conla►ned in this paragraph 7 %half rc uric Nrl
<br />any ac hereunder. q I Ceder I.D incur an ea
<br />y Penst or take i
<br />4-st shall lender may make or caust to be made reasonable entrees upon anal in%;v. scion% of the Priperly
<br />flow nters(µ the Pro roitrtrrnrwer nsatiee prior to any %uch insptCtron sperilying ttaavnable cause therblur rrfrtrd iii I
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