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<br />83-4) U 1.2 2, 'u
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. PayJMat of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Deed of Trust.
<br />2. FIIIIds for T_ and I........nee. Subject to applicable law or to a written waiver by Lender, Borrower shan pay
<br />to lender on the day monthly installments of principal and inreresf arc 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 assess.ments which may attain priority over this
<br />Deed of Trust~ and ground rents on the Property, if any. plus onc~tweJfth 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 th~ 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 tor so holding and applying the Funds, analyzing sai.d account
<br />or ,,'erifying and compiling said asse.'iSfl1ents and hills, unless Lender pays Borrower interest on the Funds and applIcable law
<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 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 any interest or earnings on the Funds" Lender
<br />shall give to Borrower, without charge. an annual accounting of the Funds. showmg credits and dehits to the Funds and the-
<br />purpose for which each debit to the Funds was madc_ The Funds arc pledged as additional security for the sums secured
<br />by this Deed of Trust,
<br />If the amount of the Funds held by Lender. together with the future monthly installments of Funds pay....blc prior to
<br />the due dates of tax.es. assessments, insurance premiums and ground rents, shan exceed the amount rcquir~d to pay said taxes.
<br />assessments. insurance premiums and ground rents a~ they fall due, such excess shall he. at Borrower's option, either
<br />promptly repaid to Borrower or credited to Horrower on monthly inslallments of Funds. Jf the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments. insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency WIthin 30 days from the dale 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 Funus
<br />held by Lender. If under paragraph 18 hereof the ProperlY 1'\ sold or the Properly is olherwi"e acquired by Lender. Lender
<br />shall apply, no later than immediately pnor to the sale of rhe Property i)r its acqui~ltiol1 by Lender, ;'lOy Funds held by
<br />Lender at the time of application as a credit agaInst the slim,; secured hy this Deed of Trust.
<br />3.. Applkalion of Payments.. Unless applicable law prOVides otherwlsc. all pavrncms rcceivcd by lender under the
<br />Note and paragraphs 1 and 2 hereof shan be applied hy I coder first In paymenl of amounts payable to l.l"ndcr hy Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note. then to the prinClp:.l1 of the NOlC. and [hen to interest and
<br />principal on any Future Advances,
<br />4. Charles: (MIlS. Borrower shall pay all taxes. :.t'isessmenl\ and other charges. fines ;ll1d Impositions ;llfributablc to
<br />the Property which may attain a prionty over this Deed uf Trust. and 1ca'ichold payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof or. if not paid in slIch manner- by Borrower maKlI1g payment. when due, directly
<br />to r.he payee thereof. Borrower s.haU promptJy furnish to Lender all notICes. of amounts due under this paragraph, and in the
<br />event Borrower shall make payment directly, Borrower shall promptly furmsh h1 Lender n:cclpts evidenCing such payments,
<br />Borrower shall promptly discharge any lien .....-,hich has pnonty OVCf thl<; Dced of Trust: prOVided. that Born'wcr shall not he
<br />required to discharge any such lien so long as. Borrower shall ~lgre-e m writing to the p;tymcOl l,f the ohltgalH'n secured by
<br />such hen In a manner acceptable to Lender. t.)r shalf in good t:uth COnlcsl 'illch "en h\', pr ddend enforcement of sllch lien 111,
<br />legal proceedings which operate to prevent the enforcement uI the hen llr f~lrfcilllrc ~II the Property Of any part thereof.
<br />5. HIIZIU'1IIII:SUJ'aDU. Borrower shall keep Ihe Impro\'Cllll.nt~ now C\ISHn~ or hercatrcr erected on the Property insured
<br />against loss by tire, hazards Included within the term "c\.tcru.1eJ coveragc", dod ...uch ptller hazards as Lender may require
<br />and in such amounts and for such penods as Lender may rcquin:; pro\.'uJcd. thai l.ender ...hall not require thai the amount llt
<br />such coverage ex.ct.~d that amount of cover3gc rcqmrcd 10 pay lhe sum\ sl-'\:'t1rcd h\' lhls DCl!d of Trust
<br />The insur-.d.nce carrier providing the insurance 'inall be cho\cn oy Borrower SUnlCl"1 to approval hy I cndcL provided.
<br />that such approval shall not be unreasonably Withheld, All premiums un IIlsurance pctlicics shall he p~ud in the manner
<br />provided under paragraph 2 hereof or, if not paid in ~uch manner~ h) Horrower making payment. when due. directly to the
<br />insurance carrier.
<br />All insurance policies and renewals thereof shaH be III form al..'("l.'plabk In Lender ;lfld s.haH Indude a s.rand;jrd mortgage
<br />clause in favor of and in form acceplahic lo Lender. l.emler shaH h;n-e the fight to holJ the policies- and renewals thereof.
<br />and Borrower shall promptly furnish to Lender aU rcncwai notKC'\ and ail rccezpts of paid premiums. In the event of loss.
<br />Borrower shall give prompt notice to the Insurance ~arfler ,mJ Lender, I ,cnder may make prl)(~f of loss If not made promptly
<br />by Borrower,
<br />Unless lender and Borrower otherWise agree III "filing. !nsurancc proceeds ~haU oc ..pphcd to rC'\loration or repair cf
<br />the Property damaged, provided such restoration or rep';!if Pi C-":OlwmKatly ICl:sihle .tnd the s('{,:t1rity of thl~ Dc-cd of Trust I'
<br />not thereby Impaired. If such restoration or repair I" nol cCllnomi,aily feaSible ~H It the security of this Decd l)j Trust would
<br />be impaired. the insurance proceeds shall be appiieJ to the sum"i ~ccurt:d hy thl~ I)~('d D( Trust. Wllh the C"..:Css. If any. paid
<br />to Borrower, If the Propert)' is abandoned by Bt\ff\.\wer. \\f' if lii.Jrnlwcr bih. W fcsp,-md h.' Lender v. ithlO JO days from the
<br />date notice is mailed bv Lender to Borroy.'.er that the tnsurano.:c carner ('iI~rs (l' sl'ule a dalln for In,urance hcnefits. I.ender
<br />is authorized to collect and apply the insurance procced~ at l.cndc-r\ opt.on either tu H:'ih)CatlllO or repair of the Property
<br />or to the sums secured by this Deed of Trust
<br />Unless Lender and Borrower otherwise agree an wntm~. ;,Hl\- 'llCh ~tpplt,"all(ln 1,)1 pr(~~l'eds to prinCipal "hall not extend
<br />or postpone the due dale of the monthly tnslallmenh. rderred III lt1 paragraph!\ I and :2 he-reot l'r "hange the .unount of
<br />~uch installments. If under paragraph l~ he-reo I the' Propert~ i'lo a~LlUlr(d ~v ll'nd~r. ;.dl flght. title and 1Il1erc~t ot Borruwer
<br />in and I~.~ny insurance policies and III and ll' the pT1..Xced~ therc\)l te~uhH1g. Inlm uamage _Il) the Property prior to the ~alc
<br />or acqUtsllton shall pass to Lemler to the c"lem of the sums Y.."\.':Ufcd h~ thl~ Dcet.l 01 TrUSI Humcdtatclv pnor lO ~uch ~a'c or
<br />acquisition. .
<br />6.. Pnservatio. aad MaiatenatlC'e or Propfl1y: lease-hokIs: {'ondominiums~ PlanMd Unit DeYelop~nts. Borrower
<br />,hall keep .he Pmpcrty H\ !!lX')J n:palr and ...hall .u\.l( .I.."pmnllt \It.~'~ft' .'1 p....lnlll jmp<llilHl'IH p,r I.kh:rl\'lali\lfl of the Pro~rh'
<br />and sball comply with the provlslons lOt any lease If thiS Deed IJf Tru~t 1:-. on ~I ka.schold. It thIS Dt.'eo t.)f Tru~t is on a Ullll lTl tl
<br />condominium or a.. planned unit development. Borrower shaff petform ~i!l oj Borrower's obligatwtls under the dedaralll\n
<br />or cove~~ts creatmg tor go~emmg the condominIUm or planned unit dc\'t:'lopment. the by. laws ami regulation"l ('It thl~
<br />c?D-~lOJum or planned UOlt development. and constituent d()CUm~nh_ If a I,:l..mdomimum l1f planned llllll dcvcli.'pmCnl
<br />nder IS ~xecuted by Borrower and recorded tt>gCther Wilh thiS Deed \.1 I rust, Ihe ~uvcnanb ;;and agrl-~mCnh oj' such ridel
<br />shaH be Incorporated into and shaH amend ~,tnd suppiement the ~"\l\'C'n.Hlh ant.I <1grecments Of this Dcet..l ('\t rru~t as If the ruler
<br />we.., a part hereof.
<br />7~ Pnltedloa of ~5 Secarit)'. If Borrower fad!!. tu perform the ~O\!t"nani!i. anJ ,a~reemenh <.:('ntamcd in thi,
<br />Deed ~f Trust. or ~f ~ny .ClIon ,or proceeding ,i~ cO-m~n-ced whit:h matenally affects l.entier's interest III the Propeny,
<br />mcluding. but nOf limned to, ~menl domain. Jnsolvenc~. code cnh)fccmeot, {,)f arrangements or procecJin~ Itwolv;ng il
<br />hankmpt or decedent. {~n le~ at Lend('r~s option, upon notice io Borrower. may makt. such ~lppearan(e'i. di\h\lr~C' ~lKh
<br />sums and take such action as is n~ary to protect Lender\ 101t'rest. Hu:ludm}!, but not hmitcd w. dl~bllr....cml"H 01
<br />r~.a-ble aUo~'s fees and entry upon the Propcrt)' to m:tke rl~pai~ If Lcndt.'f r~4ujrcd mortgage lIl~uriHh.:t.. a.., ~I
<br />7Oftd:itlOn ~f mak.t-ng t~ loan ~UrN by this Deed of ~rus.t, Borrower ~hall pay the prCfHlUmlJ, rcquln:J to 1l1~\Int.HlI "lIH.:h
<br />I~ fa effect UQtll such tune as. the r-equuement tot such m'iurancC' fCrnUn<ite\ If1 ~j~'l:ordam:e- \\'lfh B-ofh)"-'er..... ~Ind
<br />Lender's written agreement or applicable law. BorrO*lier !lohail pay the .I0l(..)unt l'l ~lll mortgage lIlsur.m('c prCIHHlm, 11\ thl..'
<br />"""'nor provided under para.....ph 2 hereof-
<br />> _ Any ~ts dis.buned by Le~r punuant to lhl~ paragraph 7, ,"lIh l!ltrn:-M therc-c~n, :>n:tlJ hC\:IHne 'lddlllj\{),I~
<br />IDdebtedftel$ of Bornwret secured ~y thiS Deed of TruS.L t~nlli$~ R,)ff'ower and lender o.:lgrec tl\ "ther ll'rrns I..'t P~\ menl, ..,ul,.'h
<br />amounla ~U he payable upon fk."Jltce tn\fl1 Le!"kr h~ Borro-y,'cr rcquc\ling: p~lymcnt ~hereot. iUH.1 ~hall he.ar ltIt('rc~l tf.\H1) Ill('
<br />date of dilbunomcnt at rhe rate payable f~om Hme '0: hOle un outS1.1nlJtng pnnopat under the ~\"Ih: unks, paym~nt ot micrcst
<br />at ~,rale _'OUld be, contrary (0 IIpphcahle law. 10 wh.dl event ,ud) amO-unt~ ...halt bear liHt'rc..t al the tlB~hcM rate
<br />pcI'IDtUIble under ilpphcable taw_ NOIhmg t:ontarncd In lhl!> paragraph 7 \hall rcqU-1fC Lenoer t~1 IOcur an\" c:\pc-nse or lake
<br />&l\Y-~,
<br />I. I~ tender tnay make (~I,auw h:; ~ made f'ca~'Huhie entn("',. IIp<:m ;U'ld m'P<'t:lU.ln,\ ~i{ the P'r(\(){'rt\', PiP\-llkd
<br />~t l.-eodfl' lhaU live 8offOWC'f natKC' "nor 10 an)" ~uch tm~l\{lfl )~xc:-lt"'m~ rea~nnahk ;';.Hl'-C rtwn::l()f n."la~c:tt h) t l'l1lk, "
<br />~fttft_ lA the r-ro-rn. .
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