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<br />UNIFORM COVENANTS. Borrower and Lender covcn:mi and agree as follows:
<br />i. Payment of Principal and Interest. Borrower shad promptiy pay when due the principal a( and interest on the
<br />indebtedness evidenced by the Note, prepayment and talc charges as provided in the Note, and the principal of and interest
<br />an any Future Advances secured by this Deed of Tn~st.
<br />2. Fonds for'I"saa and insrrance. Subject to applicable law or to a written waiver by fender, Burrower shall pay
<br />to Lender an the day monthly installments of principal and interest are payable under the Note, until the Nate is paid-in fulh
<br />a sum (herein "Funds") equal to one-tweUth of the yearly taxes and assessments which may attain priority aver this
<br />Deed of Trust, and ground rents on the Property, if any, plus one-twelfth n( yearly premium installments for hazard insurance.
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, ail as reasonably estimated initially and from
<br />time to time 6y Lender on the basis of assessments and bills and reasonable esiimatcs :hereof.
<br />The Funds shall be held in an instiiotion (he deposits or accounts n( which are insured or guaranlccd 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. 1_ender may not charge for so holding and applying the Funds, analyzing said account
<br />ar verih'-~ and competing said assessments and biiis, tmless Lender pays Borrower interest on the Fonds and applicable law
<br />permits Lender !o make such a charge. Borrower and Lender miry agrcc 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 is made or applicable law
<br />requires such interest to be paid, Lender shall not be required to pay Borrower anv interest or earnings on the Funds. Lender
<br />shaii give to Borrower, without charge, an annual accounting of the Funds showing credits and tlcbils to the Funds an<f the
<br />purpose for which each debit to the Funds was made. The Funds arc pledged as additional security for the sums secured
<br />by this Dced of Trust.
<br />if the amount of the Funds held 6y Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shaii exceed the amount required to pay said lases.
<br />assessments, insurance premiums and ground rents as they tall due, such excess shall be, at Rprrawer's option, either
<br />promptiy repaid to Borrower ar credited to Borrower on monthly installments n( Funds. 1( the amount a( the Funds
<br />held by (-ender shall not he sufficient to pay taxes. assessments, insurance premiums and ground rents as they fall due.
<br />Borrower shag pay to Lender aoy amount necessarv to make up the deficiency within 3t) days from the dale notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of a!I sums secured by [his Decd of Trust. I_cndcr shall promptly refund to Borrower any Funds
<br />held by l.cnder. If under paragraph 13 hermF the Property is sold or the Property is otherwise acyuired by fender. Lender
<br />shall apply, no later than immediately prior to the sac of the Property or i(s acquisition by LenJer, any Funcls hell by
<br />i_ender at the time of application as a credit against the sums secured by this Decd of Trust.
<br />3. Application of Payments. Unicss appiictblc less. pmvidcs o±hcrwisc, all payments received by fender under the
<br />Note and paragraphs I and 7. hereof shaii 6c applied by Lender first in payment of atoounts payable to Lender by Bormwcr
<br />under paragraph ?hereof, then to interest payable on the No[c, then m the principal of the Note. and then to interest and
<br />principal on any Future Advances.
<br />4. Charges; Elates. Borrower shall pay all taxes. assessments and other charges. fines anJ impositions all ributnble to
<br />the Property which may attain a priority over this Dccd of Trust, and Ic:uehold payments or ground tens, if any, in the
<br />manner provided under paragraph 2 hereof or, if not pail in such manner, by Borrower making p:ryment, when due, directly
<br />to the payee thereof. Borrower shall promptly furnish to Lender ail notices of amounts due under this paragraph, and in the
<br />event Harrower shall make payment directly, Borrower shalt promptly furnish to Lender receipts eviJendng such payments.
<br />Borrower shall promptiy discharge any lien which has priority over this Dced of Trust; provided, that Borrower shaii nut he
<br />required to discharge any such lien so tang as Borrower shall agree fn writing m the payment of the obligation secured hp
<br />such lien in a manner acceptable to Lender, ar shall in goad faith cosiest such lien hy, or defend enforcemem of such lien in.
<br />Iegai proceedings which operate [a prevent the enforcement of the Gen or fortciture of the Property or any part thereof.
<br />S- Hazard Insuraatt. Borrower shaii keep the improvements now cststing or herca(ter erected on the Property insured
<br />against toss by fire, hazards included within the term "extended coverage", anJ such ocher hazards as L::ndcr may require
<br />and in such amounts and (or such periods as Lender may rcyvire: prmideJ, th:u Lender shall not require that the amount of
<br />such coverage exceed that amount of coverage required ro pay the sums secured by thin Dccd of Trust.
<br />The insurance carrier providing the insur.+ace shall be chosen by Barrowcr subicct to approval Its Lender: ~~videJ.
<br />that such approval shall not be unreasimahly withheld. All premiums on insurance policies shall 6c paiJ in the sooner
<br />provided uoder paragraph 2 hereof or, i[ not paid in such mariner, by Rarnrwer making payment, when due, directly to the
<br />insuraoce carrier.
<br />All insurance policies and renewals thereat shall be in farm acceptable to Lender and shall include a standard nurngogc
<br />clause in favor of and in form acceptable to LenJer Gender shall have the right to hold the policies :cod reneuals thereof.
<br />and Borrower shat! promptiy furnish to Lender ail renewal natives anJ all receipts of paid premiums. In the event n( lass,
<br />Borrower shalt give prompt notice to the msurance crrrier anJ Lender Lender may make proof of loss tf oat made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agrcc in writing, msurance proceeds .hall be applied to resuxation or rcpau n(
<br />the Property damaged, provided such restaratiwr ar repair is economically lcasibic and the seuuity of this Dced a( Trust is
<br />not thereby impaired. If such testacauon or repair s not ecanomiadly (eas:bie ar d the security of this Uccd el Tnat world
<br />be impatred, the insurance proceeds shall be applied to the sums secured by dais Dced of Crust, with the cxcns, i( aoy, paid
<br />to Borrower. If the Property is abandouecl by Borntwer, or if Borrower f:uls to responD to Lender within 30 days from [hc
<br />date notice is mailed by Lender to Barrowcr the[ the insurance carrier alCers to scale a clam! for msurance benefits. Lender
<br />is authorized [o collect and apply the insures ncc proceeds at Lender's option either to restoruum or repair of the Property
<br />or to the sums secured by this Heed of Trust.
<br />l.?nless Lender anJ Rarrower otherwise agree in writing, anv such application at proceeds la principal shall not extend
<br />ar postpone the Jue dale of the nxemhly installments referred to i^ pars Graphs ! and Z hereof or change the amount of
<br />such inslalhnents. If under paragraph Ifi hereot the Property in acyuired try Lender, alt right, title and interest of Borrower
<br />in and to any insurance policies and in and to the proceeds thereof resulting (ram damage ro the Property prior to the s.:lc
<br />ar acyuisition shag pass to lender to the cxtem of the sums secured 6y !his Dccd of Trust :mmeJiatcly prior ro such sale or
<br />acyuisition.
<br />6. Preservalfon and Maintenance of Properly; Let~ehntds; Condominiums; Planned Unit Developments. Rarraucr
<br />sh;dl keep the Property m good rcpau and shall not conxn!i +.asic ~*r pcnn~t impairnu•nt or deicrinruion n( the Property
<br />anJ shaii wmpty with ilia provisions of any lease if this Dced o(Tnut is nn a leasehold. If this Dced eE "trust is ore a unit in a
<br />condominium or a planned trait dcvciopmem, Bon~ower shall parlorm all aE Borrower's ahligadons under the declaration
<br />or covenants creating or Governing the condominium or planned unit development, the by-laws and regulations tit the
<br />condominium or planned unit Development, and cousutuent documents. If a condominium or phnmed unit devclupmau
<br />rider is executed by Borrower and recorded together with flits Uccd o! Trust, :he covenants and agreements of such rider
<br />shall lx incorporated info and shall amend and supplement the covenants and agreements of flits Uccd of 't'rust ;ts d the rider
<br />were a part hereof.
<br />7. Protection of Lender's Security. If Borrower fails to perform rite covenants and ngrrcmcnts amtaineJ in this
<br />Deed of Trust, ar if any action ar proceeding is cornmm+ceJ which meteriailp atlects f_cndcr's iracrest in the Pro lm:l}.
<br />including, but not limited to, eminent domain, insolvency, atJc cnfarcemnx, or arrangemrnts or prumcdings involving :~
<br />bankrupt or decedent, then Lender at fender's option, upon notice w Borrower, may nmke such appcar,uu:es, disburse say it
<br />sums and take such action as is necessary to protect 1_ender~s irueresi, including, but n?i IimiteJ to, disburcnsnt of
<br />roasanahk attorney's tees anti entry upon the Property to make repairs. IF Lender n•yuircd mortgage insure+,.c :n n
<br />condition of making the loan secured by this Deed of Trust, itvrrowcr shall pay the premiums rcyuircd u• nuumaur so c:h
<br />iauuranee in eRest un'ii suelt time as the requirement far such insurance terminates m rccordarare w:th ^urruwer~ anD
<br />t.endar's written agrrcrnent ar applicable law. 13orrow•er shaii pay the amount of all usvrtgagc insnrancc prcu:rttnss :n tt„.
<br />manner provided under paragraph 2 hereof.
<br />Anyy arnqunis disbursed by Lender pursuant to this paragraph 7, with ~nnxcu thereon, sftoq ?uxome adcGno~n!
<br />irnlebtcdnesa of Borrower secured by this Dced of "I'rust. Unless Borrower and Lender agree to other tcnns of payment, uirh
<br />amounts shag he payable upon nakice franx !.ender to Borrower rcqucsting pavtaant ,hereof, and shat: hear iota-raft tram the
<br />dale of diabutsement at the rate payable from time to time on outstanding princip;d under the 'vote unless payment of eat€rest
<br />a! sueA rate w~id @e canttary to appiiaable law, it1 whtcEt eve+lt such amounts shalt heir interest ;u the highest rate
<br />pmrmiasihie under app#icsbie law, Nothtng contained in this pur~grrph ?shaii requrre, fender Ir, :scut am ex ircnse or take
<br />any auitut heraundar.
<br />$, iospeslfoa. tender may make or c ruse as be stale t'--asap.) i~ stele - - { s z•rJ u ! r,ns t' !- r tp -t1 f
<br />that C,enclet ahatl give Bortuwer rtotier per to asp sut,h inspceri -r s^cci(vmy rc.ue n.:hlc ~ oat t then-t r., -r,.+tui -_ 1 c.~dr~ •
<br />interest in nc~ Procarty.
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