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r 84,~006810 UNIFORM QwENANTS. Borrower and Lender covenant anJ a,ree as follows: I. PaymaW of I'rInclpIl .... I......... Borrower shall prompdy pay when due tt.e principal of, and intorcston,the indebtedness evidenced by the Note, .prepayment a04 late charaes as prov. ided. in the Noto; _.ildicpnncapa,.., . ...,...,1. of. ,~.' on any Future Advances secured by this Deed of Trust., , ,', '", 2. ..... lor 1".- ... _.__.SUbject to applicable law or to a written _iver by ~! to lender on the day monthly installments of principal and interest' are payatile. uadet 1M.~" UlItittllli' a 1\101 (herein "Funds") equalto onc.twel~tbof ~ yearly tax~ and aMiCSIlIlent5 wtiic:1I >~ ~ Deed of Trust. and Jl'oiJml rents 011 the Property, if any. plus one.twelfth of yearly premium iaJOllmeats plus one.twelfth ofyeariY premium installments (ormol1laae insurance, if any, all as~. . time to time by Lender 0.0 1M bas.' is of IISICSSments and bills and IlllISOnabIo estimat>ls t~.. The Funds shall be held in' an institution the deposits or acWUllts of whil;h are intured ,or state asency (includin. Lender if Lender is such an institution), tender shall apply the Funds to insurance premiums and ,round rents. Lender may not charge for so lloIdin, and applying the or verifyina and compiling said assessments and bills, unless I.ender pay. Borrower interest 00 thefl'und$ permits lender to make such a charge. Borrower and Lender may agree in writiug,at the timeof~ Deed of Trust that interest on the Funds shall be paid to Borrower. and ooless such llIf'lCment is. made orappliC, requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earn. on the ~ shall live to Borrower, without charge, an annual accounting of the Fund$ showing credits and debits to tile FUo4il'atiClit purpoe Cor which each debit to the Funds was made, The Funds are pled&ed as additional security for 1M __~ by tbia Deed of Trust. . Jf the amount of the Funds held by tender, tosether with the future monthly installments of FuncIs payable J!!ior. to the due dates ,of taxes. assemnenls, insurance premiums and around rents, shall exceed the amount ~ to pay sai4taxcs. _nls, ;t\-.mrance premiums and ground renls as they fall due, such excess shall he, at Borrower's option, eitllcr promptly repaid to Borrower or credited to Borrower on monthly installmenls of Funds. If the amount of the FuncIs held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and Jl'OIHKI rert15 as I;hey fall due. Borrower shall pay to Lender any amount necessary to make lip the cleftciency within 30 days from the date notice is mailed by Lender to Borrower requesting payment thereof. Upon paymenl in full of all sums secured by this Deed of Trusl. lender shall promptly refund 10 Borrower any Funds held by Lender. If under paragraph 18 hereof the Property is sold or lhe Property is otherwise acquired by Lender. Lender shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by lender at the time of application as a credit againslthe sums secured by this Deed of Trust. 3. Applklltloa of Payments. Unless applicable law provides otherwise, all payments received by lender under the Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under paraaraph 2 hereof, then to interest payable on Ihe NOle, then to the principal of the Note. and then to interest and principal on any Future AdvallCCS. 4: CIIaqa; LIe& Borrowet shall pay all taxes. assessments and other charaes. fines and impositions allributable to the ~ which may attain a ~:ty rer this Deed of Trust, and leasehold payments or around rents, if any, in the ....., >,',' manner provided under paragraph . reo -or, II riot paid 111 such manner, by JIorrower maklDli'paymiiif;-w1'iiiiOue;-diRaW-------------;g to 1M payee thereof. Borrower shall promptly furnish to lender all notices of amounts due under this paragraph, and in 1M event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments. Borrower shall promptly di~ any lien which has priority over this Deed of Trust; provided, that Borrower shall not be required to discharge any such hen so long as Borrower shall a,ree in writing to Ihe payment of the obligation secured by such lien in ...manner acceptable 10 Lender, or shall in good failh conlest such lien by, or defend enforcement of such lien in. Iep! ~li which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof. . ~ Borrower shall keep the improvements now existing or hereafter erected on Ihe Propeny insured .ainst loss by Ire, hazards included within the term "extended coverage", and such other hazards as lender may require and in such amounts and for such periods as lender may require; provided, that Lender shall not require that the amount of such coverage exceed thai amount of coverage required to pay the sums secured by this Deed of Trust. The illlurance carrier providing the insurance shall he chosen by Borrower subject to approval by lender: providctl. dIat such approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner provided uade,r paragraph 2 hereof or, if not paid in such manner, by Borrower making paymenl, when due, directly 10 the _carner. All insurance policies and renewals thereat shall he in form acceptable to lender and shall include a standard mortgage clause in favor oC and in form acceplable to lender. lender shall have the ri,ht 10 hold the policies and renewals thereof, and Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and lender. lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower olherwise agree in writing. insurance proceeds shall be applied to restoration or repair of the Property damaged, provided such resloration or repair is economically feasible and the security of this Deed of Trust is not tIIcRby impaired. If such restoration or repair is not cconomically feasible or if the security of this Deed of Trust would be impaired, tlie insurance proceeds shall be applied to the sums secured by this Deed of Trust, with the e~cess, if any. paid to Borrower. If the Properly is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to senle a claim for insurance benellts, lender is authorized to coIfect and apply the insurance proceeds at Lender's option eilher to resloration or repair of the Property or to tho __ secured by tbisDeed of Trust. UDIeM Lender and Borrower otllerwise asree in writinl, any such application of proceeds to principal shall not extend Of poslJlOftC the due dale of the monthly ill$tallments referred to in paragraphs I and 2 hereoC or chanlC the amount of such installments. If under paragraph 18 hereof the Property is acquired by tender, all right, title and interest of Borrower in and to _1 insurance policies and in and to the proceeds thereof result in. from damalC to the Property prior to the sale or acquisition shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such sale or acqulsition. 6. "-~.....u... M.IL_II~. of 1'roIIenY; lA-holds; Condomlnlu..s; I'hmnecl Unit Denlopmeats. Borrower shall kccp the ProperlY in sood repair and shall nOt commil wasle or permit impairment or .lcteri.}ralion of the Properly aM "I oomply with the provisiollll of any lease if this Deed of Trusl is on a leasehold, If this Deed of Trust is on a unit in a cOlldominivm or a planned unit development, Borrower shall per.form all of Borrower's ebUllations under the declaration, or covenaats tlnatm, or JUVCmin. the condominium or planned unit development, the by-laws and regulatiollll of lhe lHloollmlaium or pIHRed unit dcveklpmenl, and cOll$tituent documents. If a condominium or planned unit developmcnt rider is ~ by Borrower and m:orded lopther wilh this Deed of Trusl, the covenants and ..reements of such rider sIlaH he i~ into and shall amend and supplement the covenants and agreemenls of this Deed of Trust 115 if the rider were It ~ bimof. 1. ~ of ......... Iecurity. If Borrower fails to perform Ihe covenants and ~~reements contained in this DetIcI of TntIt, or if aay action or proceedinll is commenced which materially affects Lender's interest in the Property, ~ but not limittld 10, IKDlnent domain, i_lvency, code enfl\rcement, or arrangements or proceedinss involving a ~or decedeat, then Lender al: Lende.'s option, upon notice 10 Borrower, may make such appearances. disburse such - - .... such action as is ~ to protect bnder's interest, includinll, Imt not limited to, disbursement of ....lIti1.,1ll ~'s ,. llIKI Illtry' upon the Property 10 make repairs, II' Lender required morlPIlC insurance as a ~ of ~ the loan IIlIl:UreCI by this Dced of Trust. Borrower shall pay the premiums required 10 mainlain such ~ in eIfect _it Nch time all the requirement for such insurance lerminates in accordance Wilh Borrower's and ~'1I WfItten ~~Of a icablllllaw Iklrrower shall ray Ihe amount of all 1ll0rtlllllllC insurlllK,'e prtlmiuma in ,he IlWIMI' ~ ooder JllIlf 2 ~f. = ~ ~ bY lender pufflUant to Ihis JllIra.rapll 7, with interest thereon. shall become additional IAddl ':tot "rower _!Wed by till. Deed of Trust. t:nless Borrower and tender aGree 10 other lemlS of JllIynlelll, such ~ be pIIlyable Upoll notk411 from tender to hrrowllr re'lUllSilinlll payment therllof, and shal! bear Inte.... from Ihe ... ot ~ at tll4ll'ate payable fr_ time to time 011 olllstandinllrrincipalunder Ihc NOIII unless JllIymllnt of in'emt at mm rate wouW !:Ie ~,lfllry to IlJlltllkllbllll IIIW, in whi.h event such amounts shall hul' inlcm' al the hillhfil rate pllI!Il! lulllb .... applicable 111'111. NCllhinlll GOIItllined in Ih,s rara3fllpll7 5hall require l.endli'r fI' incur any e~pI!nse or tllke aay--~, .. "'lJ~ 11IncIe1r may ml!lJlll Of caUM to be made rli'IIMll1l1ble elllnes upon amI in'~IIl'nS of the PrtIJll!rlY. 1'1'\lVided tlMt 1.lIflllllef shalt iI". Iklffltl'lll'er nmKle prior to any sUGh inllf!ll\>llon 8p1!Gifyinll n:a"lllahle cau.e Ihereiol related ,.. lender'> j~ in tile ~v. ..J