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<br />UNIFORM COVENANTS. Borrower and Lcnder covenant and agree as follows:
<br />I. P.yment of Principal and Inlerest, 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 />Z. F...... for T_ and low""",e, Subject to applicahle law or to a written waiver by Lender, Borrower shall pay
<br />10 Lender on the day monthly instaJlments of principal and interest are payable under the Note, until the Note is paid in full.
<br />a sum (herein UFunds") equal to one.tweffth of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for ha~ard insurance.
<br />plus one~twelfth of yearly premium installmenfs 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 shaH be held in an institution the deposits or accounts of which arc insured or guaranteed hy a Federal or
<br />state agency (including lender if Lender is such an institution). Lender shall apply lhe Funds to pay said taxes, assessments.
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessments and bills, 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 stich interest 10 be paid, Lender shall not be required to pay Borrower any interest or earnings un the Funds. Lender
<br />shall give to Borrower. withouI charge. an annual accounting of the FlInd~ 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 slims secured
<br />by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with lhe future monthly installments of Funds payable prior to
<br />the due- dates of taxes, assessments, insurance premiums and ground rents. shall cXl~ecd the amount required to pay said taxes.
<br />assessments, insurance premiums and ground rcnts as they fall due. such excess ~hall be, at Borrower's option. either
<br />promptly repaid to Borrower or credited to Borrower on monthly installment,,> of Funds. If 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 10 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 rdund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property IS sold or the Property IS olherwise acquired by I.ender. Lender
<br />shall apply, no later than immediately prior to the o;ale of the Property or its acquiSitIon by Lender. any Funds held by
<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 1;1\'. rrovidcs otherwise, all payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lcnder first In payment of amounts payable 10 Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the prinCIpal of the Note. and then to intereSl and
<br />principal on any Future Advances.
<br />4.. Ch~es; 1.Je.ns.. Borrower shall pay all ta~e... ,t'\Scssmcnts anJ other charges. fines and nnpositions attributable lo
<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 I.ender all nOllccs of amounts due under this paragraph. and in the
<br />event Borrower shall make payment directly, Borrower shall promptly furmsh to Lender receipts evidenCing such payments.
<br />Borrower shall promptly discharge any lien which has pnority over this Deed l,f frust: pfllVldeu. that Borro\\":cr shall not he
<br />required to discharge any such lien so long as Borrower shaH agree rn \I.'rillng In the payment or the ohilgahon secured by
<br />such lien in a manner acceptable to Lender. or shall In guod faith conlcst slll..:h hen hy, l'r ddend enforcement of sllch lien Hl.
<br />legal proceedings which operate to prev~nl the enforcement of the lien or flufeihlrc of the Propaty or any part thereof.
<br />S. Hazard IIISUI"IlIIft. Borrower shall keep the Improvements now C_\I,,>llOg or here.lher erected on the Property insured
<br />against loss by fire, hazards included within the term '\~.'tcndcd ('overage"'. JJHI sU\:h Plher hal.anh. as. .{ l'nda may require
<br />and in such amounts and for such periods it:'\. Lender may reqUIre; {uOVllkd. that LcnLlcr ...hall nol require that lhe amount of
<br />such coverage exceed that amount of coverage rC411lTed to pay the sunh sCl.:urcd hy Ihl" Deed \'t Trust.
<br />The insurance carrier providing the insurance ...hall be cho\en hy Horrowl."r SUbJCd 10 approval hy Lender; prOVided,
<br />that such approval shall not be unreasonanly withheld. All premiums on in~urancc policies shall he paid in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower maklllg payment, when due. directly to the
<br />insurance carrier,
<br />All insurance policies and renewals thereof shall he in !orm 3lx:eptabk hl l.cnJer and shall indud~ a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender shall hay.: the nght to hold the policies and renewals thereof.
<br />and Borrower shall promptly furnish to Lender all rcncowal notKCS and all rt:;,;-elpts of p~1Il1 premium.... In the event of lo'is.
<br />Borrower ~all give prompt notice to the msuram:e Cotrner ~lfhj Lender. Len\ier miJY mab.c proof of los\ I t not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in .....ritlOg. IOsurance proceeds ,hall be applied to rcstoration or repair of
<br />the Property damaged. provided such resIOrali~)n ur repair '<0; l.'~t.)nllmh.:al1y le.blhlc ;ll1d the security of thiS OccJ of Trust i~
<br />not thereby impaired. If such restoration f,)r repair i~ nnt eCt..)n\)micall~ feaSible \lr If the se<:uflty or thi... Deed of Trust would
<br />be impaired, the insurance proceeds shalt be applied to the sums sel.'ured by lhis Decd of lrust. With {he c\t::ess. If any, p.Hd
<br />to Borrower. ]f the Property is abandoned by Borrower. (If if Horrower L.tih to rc~p,-'nd to Lender withlTl 30 days from the
<br />date notice is mailed by lender to Borrower that the IIlsurant:c I.'arner ullers to scuk a d.um for insurancc hcnellls, Lender
<br />is authorized to collect and apply the insurance pfO\:eeds at l.ender's option ~lthcr h) reSloratlon or repair of Ihe Property
<br />or to the sums secured hy this Deed of Tru~t.
<br />Unless Lender and Borrower otherwise agree in writmg, an~ ~lh.:h .ipplt~aholl tlf pro(:ccds to principal shall nm extend
<br />or postpone the due date of the monthly installmcnh rdcrr\:d to 111 P4fagraphs 1 anti 2 hereof or t::hangc the amount of
<br />such installments, If under paragraph I S hereof the ProperlY l!o. a;';;4.ulIl:(.1 t1~ l.ender, all right, titlc and interest ol Borrowcl
<br />in and to any insurance policies and III ..nu 10 the prl.)cccd~ therCl)f rC:o.ultlllg frum damage to the Pwpcrl.y poor to the ~ale
<br />or acquisition s.hall pass to Lender to the c;\lent of the sums ~curcd hy ttH~ DccJ 01 rru~1 immct.hatdy prior to ~uch sale or
<br />acquisition,
<br />6. Praervalioa and MalulelllllKe of Properly; Leaselwkio;; Condominiums; Planned Unit U".elopments, Borrower
<br />shall keep the Propeny 10 go\xi repair and ..hall rh)l l.:l1l1111l11 \\ ~.ble 1..11 pt:rmll 1I1lp.1II1llCnt lH' dL'll.'rillf'~ltilm llf the ProperlY
<br />and shall comply with the prQvisions of any lease if this Deco llf Trust I:' on a iea~('hold. If thi~ Det:d of Trust is on it unit in a
<br />condominium or a planned unll development, Borro.....er shall petform ail ot Borrower's uhligarions under the declaration
<br />or covenants creating or governing the \.":ondoffilDium or planned unit dc\clopment. the by-laws ~nd regulation~ 01 the
<br />condominium or planned unit development. and constituenl documcnb. If a ...:onJominium or plann-:-d unit development
<br />rider is executed by Borrower and record..."d togelher with thiS Deed of Trust, the covcnanls and agrccmcnh llf slIch ridel
<br />shall be incorporated into and shall amend and supplemem the CtlVcn~Hlb and agreements of Ihls Deed 01 TrU'~t a:-. If the rider
<br />were a part hereof.
<br />7. Protedioll of under-'s Seeuri.),. If Borroy..cr fall:- h) perform the covenanls anu alIreement.-. nmtalncd in thi...
<br />Deed of Trust, or if any action or proceeding is commen~ed y.-hich materially Jllects Lender's inlcrcM in the ProperlY,
<br />including.. but not limited to. eminent domain, insolvency, l:od-.: enfor..:cmcnt, or arr.tngcmenb or prl.)cceJing~ lilvnlVlng il
<br />bank.rupt or decedent. then Lender at Lender's. option. upun notil:c to Borrower, may male ~lIi:h appearanl:e~. dishur...c ~uch
<br />sums and take such action as is ~essary to protect l-ender\ Interest, including, hut not 11Inited tn. Ji",bur~l:lI\cnt (,j
<br />reasonable attorney's fees and entry upon the Property to mal..c repairs> If Lender rcqulfcd mortgage i!l'\ur.IIl';C ,;l!o. ,I
<br />cooditio-n of making the loan secured by thjs Deed of Trusl, Borrower ~hall pay the prcmium.~ required to lllaint.IHI '\lh:h
<br />insurance in effect until such lime as the requirement fOf such in:-.urancc lerminalc~ in aCl.:ordan~c With B01"mwer\ Jnd
<br />Lendcr~s wri~len a.greement or applicable law, Borrower shall pa} Ihe amount of alJ mortgage IIlsuraul.;c pn:miuIlh !II Ilw
<br />manner provIded under paragraph 2 hereof.
<br />Any amounts. dis.bursed by tender pursuant I(~ thiS paragraph 7, With intirc~l thercllU, ~hall ht't;(lnlC ;H1dillnlLd
<br />indebtedness of Bo-rrower secured hy this Deed of Tru~l. l !nks~ Borrower- and I.cmJcr ag.ree In \Hhcr fe-fins ot pllYll1Cnl. ~iH:h
<br />amourU1\ .!t"-U be payable upon notice froth Lender to BOrh)WCr rcyue::'lmg 1~.lpl1cnt thereof. ;wd shall bt~,l' H\tcrc!<.t t rorll thl~
<br />date: 01 disbursement at the rate payable (rom time to time on oUhtanJing llrtm:lpalundcr the NOlC unless payment uf intereil.t
<br />lit wch tate would be, (',(lOtHU) to applicable I8-Yo' , in wh.i"l-h ~vcnl ';'IKh amoulll\ -shall near mtcrc'a at (he highest rate
<br />pcrmilaibie under appheable i-aw. Nothing ,untamed ia thl.\ p.aragrnph 7 ~hall [t:'qUtrt:: Lender to H1cur any expense ~lr take
<br />IIRY tw:tion hetcunder, '
<br />.. ~ lC"nde_~ may m~le -urrau~ h..\ he Illade tC~~H1ahlc C;~1.f1~'" upon an-d m..pe>:(!OWoi of the ProJA'rty. pr'l\'ld~.t!
<br />thill l.e~f ahaU .lVe Borrower flOtt\'~e pllor 10 Jny !"uch IIl)pe\,;lHm ~..p..:";'ltYJOg rea--"ooltbft' (au~ thacl..ll n.:lah.~d III t l'i1...k,-""
<br />.nl""til ,n the ProllCrt~,
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