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<br />UNIFORM Covetvnrvrs. Borrower and Lender covenant xnd agree us follows:
<br />t. Payment of Principal and Interest. Hi+rrower shall pmrnp0y pay when due the principal of and interest on the
<br />utduMtdncss evidenced by the Note, prepayment and tarn charges as provided in the Notz, and the principal of and interest
<br />tin tiny Future Advancrs secured by this DeeJ ai l rust.
<br />2. Funds for Texes amt Insurance. Subject to applicable law :ar to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal :md interest arc payable under the Note, until the Note is paid in full.
<br />a sum (herein "Funds") equal to one-twelfth of the yearly rases and assessments which may attain priority over this
<br />L)eed of Trust, and ground rents on the Pronzrty, if any, nhtsooe-twelfth of yearly premium installments fer hazard insurance.
<br />plus one-twelfth of yearly pretnium installtneots far mortgage irsurance_ if any, all as reasonably estimated initially and from
<br />time to time by Lender an the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shai! be held in an institution the deposits or accounts of which arc insured or guaranteed by a Federal ur
<br />state-agency (including Lender if ixndcr is Bach an institmianl. t.cnder shall apply the Funds to pay said taxes, assessments;
<br />insurance premiums sad ground rears. Lender may not charge for so holding and applying the Funds, analyzing.said account
<br />ar verifying and aompihng said assessments and Gilts, unless Lender pays borrower inrerest tin the Funds and applicable7aw
<br />permits i.cnder to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Deed of T'ntst that interest an the Fund} chat! be paid to Bormwer. and unless such agreement is made or applicable law
<br />requires such interest to be paid, i..cnder shall not be required to pay Borrower any interest or earnin&s on the Funds, Lender
<br />shall give to Borrower, without chargt.:m annual amounting of the Funds shou-ing credits and dehrts to the Furids ;rod the
<br />purpose far which each debit to the Funds was made. 'the Funds are pledged as additional security for the sums secured
<br />be !fits Deed of Trust. "
<br />If the amount of the F:mds held by Lender, mgethcr :c•ith fie future monthly installments of Ftinds payable prior to
<br />the c)tre dales of taxes. assessments, insurance premiums and ground rznrs. shall exceed the amount required to pay said taxes.
<br />assessments, insurance premiums and ground rerm ^. !her tail due, such excess shall he, :u Borrowers option, either
<br />promptly repaid to Bormwer or credited to borrawur an monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not he st@ic+em m pay taxes, ;tsccssments, insurance premiums and ground rents as they fall due,
<br />Borrower shag pay m Lender an}~ amount necessary to make up the deftc;ency w~uhin 30 days from the date notice is mailed
<br />by Tinder to Borrower requesting paymem thereoi.
<br />Upon paymrnt in tell of all sums sceu red b}- this Decti of !'trot. Lt•ndtr shall 1^romptly refund to Borrower env Ftinds
<br />held by Lender. If under paragraph )ti hcreaf the Pmptrty ~s sold or Qte Property a mherwisc acquired 6y Lender. Lender
<br />shat! apply. no later than immediataiy poor u. the .ale of the Properly ar its acquisition by Lender any Funds held by
<br />Lender at the lime of application as a credit against rhz toms .enured by this Dccd of Trust.
<br />3. Appiica[bn of Payments. Unless applicahtt tau ~ rowdc~: otherwise, a!1 payments received by Lender under the
<br />Note and paragraphs t and 2 hcreaf shad! he anpiicd by Lender f rst ,n paynrnnt of ;[mounts payable to tender by Borrower
<br />under paragraph Z hereof, then to inrerest payable an the Note, then to the principal a( the Note. and then to interest and
<br />principal on arrv Fttnrre Advances.
<br />4. Chartres; IJens. Rarrower shall pay :ul taxes. scsessmer,tc .uuf other charges. tines anti unpositians mtributxbie to
<br />[he Property which may attain a priority aver this Deed of Trost, and leasehold payments or ground rents, if spy, in the
<br />manixr provided under paragraph 2 hereof or, it not paid in such manner, by Borrower making payment, when due, directly
<br />to the payee thereof. Harrower ,hall promptly furnish to Lender all rotioes of :tmonnts due under this paragraph, and in the
<br />event Borrower shall make payment d+rectlp, Barron-zr steal! prompdq ;utmsh nr Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge unV lien n=filch has pnorit} aver this Decd of foist: provideck that Rarrower shot! not be
<br />required to diu:harge any such lien to long as Burrower sh:di ,,:;rec in ,r~riu:tc n+ the payment of the obligation secured by
<br />such lien in a manner acceptable to L.tnder, or tiati .n good Carth contest such Len by. or defend cnforetment oPsuch lien in.
<br />legal proceedings which operate to prevtm the tmorctmem tit the iitn ur forfeiture of the Property ar any part thereof.
<br />5. Hazard lasurance. Borrower shalt keep the improvements now txisnng or hereafter erected tin the Property insured
<br />against loss by fve. hazards inthrdzd u-ithin the tc-rm °eatende+i coverage'-, cnct such other hazards as Lender niay regolre
<br />and in such amounts and far such ptnais as I sndcr Wray rcqu+rr: provided. that Lender shall not regwre that the amount of
<br />such covtragt excced that amount of taveragt requtred to pay ehr sums s-rarrtd by this Dccd of Trust.
<br />The insurance carrier pine^.aing the inu¢ance ,hall ix chosen by Borrower snhjtct to approval h}• Lent .r, provided.
<br />that such sppmvai shaft oat he unreasonabtx= withheld. 911 premiums on insurance policies shall be paid in the manner
<br />provided under paragraph 2 htrto( ur, ii not paid m such manner. by Burrower makiog payment, when due, directly to the
<br />insurance carrier.
<br />AU insuranct policies and renewals thereat shall he tit term acceptable to I coder anti shah tnclud.: a standard mortgage
<br />clause in favor of and in form acreputhit iu Lender Lender sh,dt h:tvt the right to fiord the policies and renewals thereof.
<br />and Borrowtr shalt pmmpdy famish t~ I_emiir ei! rrors+ai noncrs and all rece,pts of pmd premiums. In the tutor of loss,
<br />Bormwer shad give pratrtpt rati~x to the msttrancc can~~er ;;nd Lender. tender n:uy maka proof of lox! if not made promptly
<br />by Bormwer.
<br />Unless Lender and Borrowtr aihtrw:se agree in writing, !nstu;utce proceeds shall be applied to restoration or repair a(
<br />the Pmptrty damaged, 1»avided such restoration rr repay :, carnomrc;illy feaeible and Utr security a( this Deed of Trust is
<br />not thereby impaired. If such restoration or rrpa:r Ls uoi ta,numically rcasiblc or it the steut'ity aC this Deed of 'T7ust would
<br />be impaired, the insurarttt pr.~etds shalt t>e applied to the some secured by this i)etd al "trust, with the excess, if any, paid
<br />to Borrower. It the Property is abandatted by &,rrower. or if Borrower fmin to respond to Lender within ?0 days from the
<br />date twtice is maiitd by Lander m Borrowtr that the insurance au~ner ntTrrs u> settle a Maim fer insurance benefits. Lender
<br />is authorized to cutler; and apply the insurancr proered-> ;a I. ender's option either to restarauon ur repair tit the Property
<br />or to tau sutras secured by thrs Dccd of Trust.
<br />Unless L_zndtr and Bprn=wer otherwtsc agree m wntmg, any .uch apphcauon oC proceeds to principal shall trot a-[end
<br />or postpone the due date o[ the monthly installments referred w in paragraphs !anti ? htreol or change the amount al
<br />such iaatallmenCS. if under paragraph 3 A hereut the Property ~s acymred by Lender, ;dl right, title and inures! of Borrower
<br />in attd to any insurance polices and in and to the proceeds thetrot resulting from damage to the Property prior to the sale
<br />pr acyttisitipn shalt pass to Lender to the extent of the sums secured by this Deed of 'trust inuntdiately prtor [a such sale or
<br />acquisition.
<br />6.. Prptrraiion and ltalettertante of Property; I.easehafds; Condominiums; Planned Unit ()evetopments. Borrower
<br />chart k2ep the Ampenp in gexztt report and shall not carnmit waste or permit impaiuntnt ur deterioration of the Property
<br />and shalt comply with the provisions of any tease if this Deed of 'trust is rat a icaschoW. It' this Deed of Trust is an a unit in a
<br />rottdotninium or a planned unit dtvelopmenL Harrower shall perform all of Borrower's abligatians under the declaration
<br />or covenants creatntg ar governing the condominium ar planned unit development, the bylaws and regulations of the
<br />condwninium or planned unit development, and constituent doc:umems. 11' a condominium ar planned unit development
<br />rider is txewted by Borrowtr and recorded together with this Deed of Trust, the revenants and agreements of such rider
<br />shall he intxrporattd into and shall errand and supp}ement the revenants and agreements of this Deed al Trust as if the rider
<br />wets a par[ Ttttvof.
<br />7, litsteetioa of I.etsder's Secarity. If Borrowtr falls to perform the covenants and agreements contained in this
<br />Deed of Trwt, ar if any action ar procttcfing is commenced wheth mattnaily affects Lender's ituertst in the Property.
<br />including, but not limited ta, emine+at domain. insolvtnty, cads enforezment, or arrangements or proretdings involving a
<br />txsnkxupt ar decedent, then I.etider at Leader's option, upon notice [o Borrowtr, may maka such appearances, disburse such
<br />strttt~ attd take stsrkt aethtn as is ntx;essary to protect Lenders interest, including, bat not limited ta, disburstnttnt of
<br />reamnabk auartuy's fees aril tutrv upon tau Praptrtv to max! repairs. Tf Lander required mortgage insurance as a
<br />cottdttetm pf making the !part secured by this Theca aE'S'rust, Borrower shall pay the premiums required to maimain such
<br />instsraucn,ita eclat tmtit stte6 time as the requirement for such insurance terminates en accordance with Borrower's ^nd
<br />t.:aatlcr's wtiuen agreetntart or ap~ttablc taw. Rarrower shat! pay the amount of all mortgage insurance premiums in the
<br />rna»nisr T>stiYidad u+tda' Tat;agran pfi ~ hcreaf.
<br />A~~~p. s,.tliahutsed- by Lander pursuant to this para$rapit 1, with interest thereon, shag heconu additional
<br />iadtbtOGm~ of Bptxawer stxurtd by this Dtat.of'1'ruat. Unless Borrower ati I..endcr agree to other anus of payment, such
<br />attwunta dt~it lu payabk optrn troller frturt Leader fa Rarrower rtqutxtin$ peymtnt tbtrtof, and shai! f+tar interest from the
<br />dau oldrtunt al the raft payable from time to time cm outstanding principal under the Nott unless payment of interest
<br />at sack-rate-would ht ctmtrary to tcpptuabit law. in wtti~-h event stash anmunts shai# bear interest at the hi$htst rate
<br />pmrrttias%htt trrtderapplieahTo law, Npihing-cartttaita:ad in th[s paragraph ? stsall require t_er;dtr to tnc-ur any exptn~ ar take
<br />any acti4at herauttslar,
<br />itayrpflasr. L.tnrttr ttasy tttakt or roust re Lst malt tzaac.+naHit cntttits upon a,rd i~.. tncuans of ttte Property- provided)
<br />rttat l,trufkr shit gt~ 9~drrower tuttfe6 pr'iar tp any soctr rnsptttwn stxctfydtg rta5.5tia}ak c tnr therefor r¢tutett to ttndtt's
<br />+tttersst ra the ~Protaertv.
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