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<br />$4 -- Ot1Q202
<br />1JNIFORM Covex,ttvas. Borrower and Lender covenant and agree as follows:
<br />.1: Payment of Prlndpal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by t7te Note, prepayment and late charges as provided in the Note, and [he principal of and interest
<br />on anyy Future Advances secured bq this Deed of Trust.
<br />2. YYieda for Taus aed-Insdraace. Subject to applicable law or to a written waiver by Lender;- Borrower shalt pay
<br />to Lender on the day monthly iosta}Iments 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 rants on the Property, if any, plus one-twelfth of yearly premium. installments for hazard insurance,
<br />phis one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and- from
<br />time to time 6y Lender on 2hebasis of assessments and bills and reasonable estimates [hereof.
<br />The Funds shalt 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 Lander is such an institution). I-ender shall apply the ':uc ~s to pa said taxes, assessments,
<br />iesorance premiums and ground rents. Lender may no[ charge for so holding and applying the Funds, analyzing said account
<br />or verifying and eompiGngsaid assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />petmits.Lenderto make such a charge. Borrower and Lender may agree in writing a[ the time of execution of this
<br />bead"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 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 additional security for the sums secured
<br />6y this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with [he future montfily installments of Funds 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 shall be, aC 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 6y 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 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 paragraph Ig hereof the Property is sold e. the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than rmmediately prior to the sale of the Property or its acquisition by Lender, any Funds held 6y
<br />Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by. Lender under the
<br />Note and paragraphs I and 2 hereof shall 6e applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, [hen to interest payable on the Note, [hen to the principal of the Note. and then to 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 />the 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 paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly
<br />to the payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the
<br />even[ Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shag promptly discharge any lien which has priority over this Deed of Trust; provided, that Borrower shall no[ be
<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 lien by. or defend enforcement of such lien in.
<br />legal pproceedings which operate [o prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />5. iHarard Insvtaett. Borrower shall keep the improvements now existing or hereafter erected on fhe Property insured
<br />against loss by fire, hazards included within 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 />rush coverage exceed that amount of coverage required ro 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 Len, provided.
<br />that such approve( shall not be unreasonably withheld. Ali premiums on insurance policies shall be paid in the manner
<br />provided trader 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 6e in form acceptable to Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof.
<br />and Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of loss,
<br />Borrower shall give prompt notice to 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 economically feasible and the security of this Deed of Trust is
<br />not thereby impaired. If such restoration or repair is not economically feasible or if the security of this Deed of Trust would
<br />be impaired, the insurance proceeds shall 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 offers to settle a claim for insurance benefits, Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the sums secures by this Deed of Trust.
<br />Unless Lender and Bortower otherwise agree in writing, any such application of proceeds [o principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs I and 2 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 proceeds thereof resulting from damage to the Property prior to the sale
<br />or acquisition shall pass to Leader to the extent of the sums secured by this Deed of Trust immediately prior to such sale or
<br />acquisition.
<br />6. Preservatbn a~ Mainhttance of Property; Leaseholds; Condominiums; Planned Unil Developmeols. Borrower
<br />shall keep [he Property in good repair and shall not commit waste or permit impairment or deterioration of the Property
<br />and shall comply with the provisions of any lease if this Acted of Trust is on a leasehold. If this Deed of Z rust is on a unit in a
<br />condominium of a planned trait development, Borrower shall perform alt of Borrower's obligations under [he declaration
<br />or covenants creating or governing the condominium or planned unit development, the by-laws and regulations o[ the
<br />condominium or planned unit development, and constituent documents. If a condominium or planned unit development
<br />rider is executed.by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such rider
<br />sball be incorporated into and shall amend and supplemem [he covenants and agreements of this Deed of Trust as if the rider
<br />were a pan hereof.
<br />7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this
<br />Dced of Trust, or if any action or p[oceeding is commenced which materially affects Ixnder's interest in the Property,
<br />including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a
<br />bankrupt or decedent, then Lender at Lender's oglion, upon notice to Borrower, may make such appearances, disburse such
<br />sums and take surh.action as is necessary to protect Lender's interest, including, but not limned to, disbursement of
<br />rcasona6le attgrttcy's fees and. entry upon the Property to make repairs. !E Leader required mortgage insurance as a
<br />coition of making the loan secured byp .this Deed. of Trust, Borrower shall pay the premiums required to maintain such
<br />insuratiCe in effect[ until such dine. as _the. requirement for such insurance terminates m accordance with Borrower's and
<br />Lstulkr'a written agireement or agplitable law. Borrower shall pay the amount of alt mortgage insurance premiums in the
<br />rttatlne[ provided under paragraph 3 hereof.
<br />Mp amottn4s'disbursed by Lender pursuant fo-this paragraph 7, with interest thereon, shalt b.;comc additional
<br />indebtedness of Boirawer secured bg this Deed of Trust. Unless Borrower and Lender agree to other terms of payment, such
<br />amcitmts shalfbe payable upiin notice from Lender to Borrower regttes[ing payment thereof, and shall .bear interest Gum rho
<br />darn of dkr'btusemant at the rills payable from time to time on outstanding principal under the Note unless payment of interest
<br />at such rata- would lie contrary fo applicable law, m which event such amounts shall bear interes! at the highest rata
<br />petmituibb under' applicable taw, Nothing contained in this paragraph ~ shat! require Lender to incur any expense ox lake
<br />any sixion hereeurder.
<br />& #wpecifow« :Leader may make ur cause ro be made reasonable entries upon-.and inspections of the Property. provided
<br />that Lattrkr shall fh't Borrower natfce prior m any snort inspection specifying reasonable cause therefor related to Lender's
<br />iatoreat lrt Ibe PfOQeriY,.
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