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I 83_uullb~ UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. J'aynte1lt of Principal and Inlerest. Borrower shall promptly pay when due the principal of and interest on the indebledness evidenced by the Note, prepayment and late charges as provided in the Note. and the principal of and interest on any Future Adyances: secured by this Deed of Trust. :z. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender. Borrower sball pay to Lender on tbe day montbly installments of principal and interest are payable linde, the Note, until the Note is paid in full, a sum {herein "Funds"} equal to one-twelfth of the yearly taxes and assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof. The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents, Lender may not charge f.or so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills, lInless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid 10 Borrower, and unless such agreement is made or applicable law requires such interesttD be paid, Lender shall not be ,equired 10 pay Borrower any interest or earnings on the Funds, Lender shan give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of Trust, If the amount of the Funds held by Lender. together with the futllfe monthly installments of Funds payable prior to the due dates of taxes, assessments. insurance premiums and ground rents, shall exceed the amount required to pay said taxes. assessments. insurance premiums and ground rents as [hey tall due. s.uch excess shall be. at Borrower's option, either promptly repaid to Rorrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments. insurance premiums and ground rents as they fall due, Borrower shaH pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed by Lender to Borrower requesting payment thereof. Upon payment in full of all sums secured by thIS Deed 01 Trust. Lender shall promptly refund to Borrower any Funds held by Lender. If under paragraph 18 hereof lhe Property" sold or Ihe Property IS otherwise acquired by Lender, Lender shaH apply, no later than immediately prior 10 [he sale of the Property or its 4icquisltion by Lender, nny Funds held by Lender at the time of application as a credit against the sums ~(.~ured by this Deed of Trust. 3. Application of Payments. Unles-s applicable by, proVides othern"ISe, all paymentg received by Lender under the Note and paragraphs J and 2 hereof shall be applied hv Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest payable on the Note, lhen to the principal of the Note. and then to interest and principal on any Future Advances. 4. Charan; Liens. Borrower shall pay all la:\cs. assessments .wd lHhcr charges. fines and impositions iluributable to the Property which may attain a priority over lhis Deed of Trust. and ieasehold payments or ground rents. if any. in the manner provided under paragraph 2 hereof Of, if not paid in 'iuch manner, by Borrower making payment. when due. directly to the payee thereof. Borrower ~hall promptly furnish to Lender .ill notlce<;. \)f amounfS due u~der this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furmsh to Lender receipts evidencing stich payments. Borrower shall promptly discharge any Hen which has pnority over thIS Deed ot Trus.t; prOVided. that Horrower shall not he required to dis.charge any such lien so long ;1'\ Borrower ",hall a~ree ill \\ riting 10 the payment of the obligalion sccu~cd by such lien in a manner acceptable to Lender. or shall !l1 good faHh ":Ofl!C~it such hen by. pr Jefend enforcement of stich hen 10. legal proceedings which operate to prevem th~ cnfort.'Cment t)f the hen or forfeiture llf the Pror)Crt)' Dr any pan thereof. 5.. Haard Insuraace. Borrower shall 'keep the Improvements no\\ c:\lstmg or hercafler erecteu on fhe Property insured against loss; by tire. hazards included within the term "e'-tended i..'uvl..'ragch. and "u1..'h other hazards as Lender may require and in such amounts and for such pen ods as I.ender may requITe; pH'\\'IiJed. Ihat Lender shall not reqUire that the amount oj such coverage exceed that amount of coverage reqwr~d to pav ihe sums ~c(.;urcd ~y thiS Deed of Trust. The insurance carrier providing the insurance ~hall be ~ho~n r.y HOrrr1\\Cr subject to appro..-al by Lender: pn)\'lded. that such approval shall not be unreasonably Withheld, All premIUms on IIlsur:mce policies shall he paid in the manner provided under paragraph 2 hereof or. If nor paid in such manner. by Borrower making payment. when due. directly to the insurance carrier. AU insurance policies and renewais lhereof shall he III lorm a.ccepfabie tll LenJcr and shall mdudc ~ standard morlgagc clause in favor of and in form acceplahJe to Lender. l.ender shall have the nght to holJ (he policies .md renewals thereof. and Borrower shall promptly furnish to lender .ill r~nc""ai m.l1tces and .tll n:..::ctpts ~1[ p.llt1 premiums. In the event (If los.... Borrower shall give prompt notice to the IOsuran~c (:;J.rru."r and LcndcL Lemler may make proof of loss II not made promptly by Borrower, Unless Lender and Borrower lHhcN'lse aJl.a~ in \\ fltmg. msuraol.:c pro,,:ecds ...hali be Jpplicu to rCSlllfation or repair of the Property damaged, provided such reslOration or fcpan !.. ""I,"'lnllInh.:all., il'a~lblc .lno tnt' security of thiS Dccu of Trust I" not thereby impaired. If ~uch restoration l.lr repair I' IWI cC\.lO\.\micall~ h:aSlbie or l r the ....c~llrity l,t thi.. Deed of lrwa would be impaired. the insurance pn'lCeeds shall be applied h.) fhe sums secmed t-.y thh ll.:~d of Trust. .wlth the C\CC\'t, If any. paid to Borrower. If the Property l~ abandoned hy BorHlwcr. l\f It Hi.lrn.J\\cr t.ul... ttJ ICSJh.111U III Lcnuer Wl1hm .10 day... from the date notice IS mailed by Lender to Borrower that the lfl\uratKl' \.~arfler t)IIer\ tll s.~l(Je .1 \.:I~llm lor lJl~uran\"'~ benefits, Lender is authorized to collect and apply the msuram:c pn...~:ecds. at Lender'':> ,}j:Hh..lIl t:lth-.:r to rt.~tonttion ur repair 01 the Property or to the sums secured by this Deed or TnlS!. Unless Lender and Born.1Wer otherwise agree !Tl writing. ~m\. ~u.:h ~lpplh:aUllll ...ll pn.1I..'ceds to principal ~hall nOI e.\lend or postpone the due date of the monthly installments reterred ill In ,paragraph:-,. I and ~ here~l or ..:hange thc amount of such installmenls, If under paragraph IS hereot the Property" '''4Utred by I.ender, ..II fight. t,tle and interest of Borrower in aod to any insurance policies and in and to tbe prl.'h.:Il.-eOs then..",)'- r~uiung In)!1l. damage 10 the Property prior to the sale or acquisition shall pass 10 Lender to the cAtent (1t the ::!tums ~<<uret.l by tht~ I."kcd oi Trust immediately pnor to such sale elr acquisition, 6. ~..... ~I~ of Property: b_hoIds: Condominiums: Planned Vnit Invelopments. Borrower ~haU keep the Property in good repair ,Uld shall llilt i.."l.lfl\tnll ","4)1.: I.'r pt.'rmlt impalllllt.'1l1 ~~r dt:'I~f10ralwn (\1' the Property and shall comply with the proviSIOns of any iea~ if rhis [~ (\( 1'1 U:-.t l':.'o lHl .1 h:a\choIJ. If thi~ Deed of Trusll~ on a unit in .1 condominium or a planned unit development. Borrower .shall pedorm all ol Borrower's ohltgalions under the declar~lioll or covenants crealioJ or governing the condominium I.)f piann~ unit de\.elopmcnt. the by.faws and regulutlons 01 the condominium or planned unit development. and ~Qnslituent dl..'lCUffienh. If a ~l1nuominium ur planned UOIt de\clopmClll rider is e.x.-ecuted by Borrower and recorded togelher wt!h th~::1 Deed ~)! Tru!l.t. the ~o\'enanls ~md agreements llf such rider shall be incorporated into and shall amend and supplemem the c"ven.n" and .greernents of this Deed 01 Trust .s ,r the rider were a pan hereof. 1e PreaedIoa of 1..aIder'5 SeatritYe If BorrQ\\'cr t'a.lh I;) rcrhwm the t'o\'enants and agreements ('\mtained in lhi.. Deed of Trust, or il any action or procee...tmg is commenced \\'hich matcnalh ,tff<<'b Lender':>. imere-st in the ProperlY. iocludina. but not limited to. eminent domam. imolvcnc" code enh:lfcement, or arrantrements or pn:'tCecdin~ in\'nl\'mg ,} bankrupt or detcdcmt. then under at l..ender"s Optii.'O. upon noti~e It) 8orrower. may make s.uch appearan-4.'c:", disburse \lh:h -sums and take web adion as is. ~ t\.'l proteCt L..ende-r.s. mterest. Illdudmg, ~ut nOl hmireti 10. Jj:\hur~cmenl i."'lj reuoaabIe attomey~5 foes and entry upon the Propert). to maLe repal~ It Lender ret.luirffi 111Oftgal1c ill\uran~e a\ it coadition of mdina the loan secured by this Deed or Trusl. Bomlwer shall l"IY the premiums fe4u.ted hI mamt..m ,,,,,h iMUtalKlO in. etJeet umiI sudt limo &5 tnc. n:qwrctne:nt for such ins.uriltlt.:c ttrminit~ III .1"1..'On.tJIH..'"C wtlh n("lrhlw~r'~ ;md l...eade'", wriuca ~ or a-ppUcabie. law. Borrower shall pa)' the amoul1l of otll mortp,e lO~urancc premium!. Il\ lhe -- pl'O'Iidod under paraaraplt 2 hereof, All)' _ dabuned hy Lender pursuant'" thIS paralr"ph 7, with IOte""'t thereun, shaU become a<ldulOnal i~ of ~ ",",ured by Ibis llec:<l 01 Trmt, lJnlcM Borrower .n<l Lender agrw 10 ,'ther te,ms "I l"Iyment, ,,,,,h ..-. shall boo pa,able upon 0011,." from Lende, t" Borrowe, '''lUC>lIng raymenl lhere"f. ,,,,.I shall hear role,,,,t '""n the 4aIo of ~I at the ~te payable from tUne to time un out,;ritndmg prlfi1.:lpal under the- NOfe tlnleu "layment of illtere~l at ~.'" ~ be COltU'tI1' to llflIlIkable I.."" in whKh e\'Cftt ,ueh amoun" ,hall hea, .ot"res' at the h'lbeS! rate ptI,' ! ' ..... ~ la.IL Nulhina contained in tm. paralf"ph 7 ,hail '''l''tre Under 10 iocur llny expe_ '" take ..y..- ---, .. ~ t4tMle:t may .... Of .a..... to be rnadt ~.nk e'''""" "P<''' And ''''pecti"." "tlhe Pr"pertV. I',,,,,ded thai I~ iIMdI ....... Bor_ OOIi1;e priOJ to any ludl '1111,,":110" .pe<.~IYlnc r......Jll..bW "._ rhe.cl", reloted 1<' Lendc. .. ._ in tflll "-.