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83.--~~005 r'=
<br />UNIFORM CovsNetvrs. Borrower and Lender covenant and agree as follows:
<br />.1. Payment of Principal and interest. Borrower shall promptly pay when due [he principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in [he Note, and the principal of and interest
<br />on any Future Advances secured by this Deed of Trust.
<br />2 Funds for Taxes and Ireurance, Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sum (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, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by 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
<br />state agency (including 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 [he Fttnds, analyzing said account
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable la'n
<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 Yhat 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 earnings on the Funds. Lender
<br />shalt give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additions! security for the sums secured
<br />by this Deed of Trust.
<br />If the amount of [he Funds held by Lender, together with the future monthly installments of Fiords 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 fall due, such excess shalt 6e, 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
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as [hey fall due,
<br />Borrower shall pay [o Lender any amount necessary w 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 under pazagraph 18 hereof the Property 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 time of application as a credit against the sums secured by this Deed of Trust.
<br />3. application o Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs 1 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 Nate, then to the principal of the Note. and then [o interest and
<br />principal on any Future Advances.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments and other charges. fines and impositions attributable to
<br />[he 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 pazagraph 2 hereof or, if not paid in such manner, by Borrower making payment. when due, directly
<br />to the payee thereof, Borrower shag promptly furnish to Lender all notices of amounts due under this paragraph, and in the
<br />event Borrower 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 Deed o[ 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 hen by, or defend enforcement of such Tien in.
<br />legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on [he Property insured
<br />against loss by fire, hazards included wilhin~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 required to pay the sums secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender: provided.
<br />that such approval shall not be unreasonably withheld. All premiums on insurance policies shall he paid in the manner
<br />provided imdet 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 in farm acceptable to Lender and shall include a stsndard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender shag have the right to hold the policies and renewals thereof,
<br />and Borrower shall promptly furnish to Lender alt renewal notices and all receipts of paid premiums. In the event of toss,
<br />Borrower shall give prompt notice ro 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 be applied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is economicall}• feasible and the security of this Deed of Trust is
<br />not thereby impaired. If such restoration or repair is no[ economically feasible or tf the security of this Deed of Trust would
<br />be impaired, the insurance proceeds shad 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 />date notice is mailed by Lender to Borrower that the insurance carrier otters to settle a claim for insurance benefits, Lender
<br />is authorized to collect and apply the insurance proceeds at Lenders 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 spplication of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs I and ?hereof or change the amount of
<br />such installments. If under paragraph I g 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 pea cads 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 />acquisition.
<br />6. Preservation and Maiuteoaoce of Property; Leasehohis; Cotidontiniums; Planned Unit Developments. Borrower
<br />shall keep the Property in goad repair and shall net commit waste or permit impairment or deterioration of the Properly
<br />and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. If [his Deed of Trust is on a unit in a
<br />condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the declaration
<br />or covenants creating or governing the condominium or planned unit devclopmen[, the by-laws and regulations of [he
<br />condominium or planned unit development, and constituent doi:uments. If a condominium or planned unit development
<br />rider is executed by Borrower and recorded together with this Deed of 't'rust, the covenants and agreements of such rider
<br />shall be incorporated into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider
<br />were a part hereof.
<br />7. Prott:etion of Leader's Security. 1f Borrower fails to perform the covenants and agreements contained in this
<br />Deed of Trust, or if any action or proceeding is commenced which materially affects Lender's interest in the Property,
<br />ineludioe, 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 ro Borrower, may make such appearances, disburse such
<br />simix and take such action as is necessary to protect Lender's interest, including, but noT limited to, disbursement of
<br />reasonable attortrey's fees and entry upon the Property to make repairs. If Lender required mortgage insurance as a
<br />camlition of making the Foan secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such
<br />iusutance in effect until such rime as the requirement for such insurance terminates m accordance with Borrower's and
<br />Lender's written agreement or a livable law. Borrower shag pay the amount of all mortgage insurance premiums in the
<br />manner hied under gr
<br />AQ~atiwuats disbt~ed by Lender pursuant to this paragraph 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 />arnotwta shat! be payable upon notice front Lender to Borrower requesting payment thereat, and shall bear interest from the
<br />date of disbitrumenl at t)u3 rate payahk from lime to time on outstanding principal under the Noce unless payment of interest
<br />at each rate wouhl` be wntrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br />pwmipilaia utakr applicable law. Nothing contained in this paragraph 7 shall require t.cnder to incur any expense or take
<br />airy action heretttidrti•.
<br />6. ~ Leger may make or cause to be made reasnnabir entries upc>n and inspections of the Property, provided
<br />that Lend9t shall gijnj t Wallower ttotire prise to arty Bitch 4ncpecteon speeitying reasonable cause thersfor related to [.ender`s
<br />interest Itt the Rroaarty,
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