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83--fJ01523 UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: I. Paymeut of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed of Trust. %. ....... for Ta.. and 1...........,." Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly installments of principal and interest are payable under 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 ;:my. all as reasonably estimated initially and from time to time by Lender on the basis of a'iScssments and hills 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 [he Funds to pay said taxes, assessments. insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower :lnd Lender may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower. and unless such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any inlcrest or earnings on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds shOWing credits and dehits 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 fulure 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 they fall due, such excess shall he. at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly installments. of Funds. If the amollnt of the Funds. held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due. Borrower shall pay to Lender any amount necessary to make up the deficiency Within 30 days. from the dale notice is mailed by Lencler to Borrower requesting payment Ihereof, Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Bomlwer any Funds held by Lender. If under paragraph 18 hcreof the Propeny is sold llr the Property IS otherWise aC4uired by Lender. Lender shall apply, no later than immediately prior 10 the "ale of Ihe Property or its acquiSItion hy Lender. an)' Funds held by Lender at the time of application as a credit against the sums secured hy this Deed of Trust 3. ApplK-adon of Paymen.s. Unless applicable law provides otherwIse. all paymenrs received by l.ender under the Note and paragraphs t and 2 hereof shall be applied by Lender first 10 payment of amounts payable to lender hy Borrower under paragraph 2 hereof. then to interest payable on the Note, then to the prinCipal of the Note, and then to interesr and principal on any Future Advances, 4. Cbarxes; Liens. Borrower shall pay all ta:\cs, assessments .lno ,lthcr chargcs. fines :.:md Impositions attributable to the Property which may attain a priority over this Deed of Trust. and leasehold payments or ground rents, if any, in the manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower mak.ing payment. when due. directly to the payee rhereof. Borrower shall promptly furnish to Lender all notICes of amounts due under this paragraph. and in the event Borrower shall make payment directly. Borrower shall promptly f lIrntsh to Lender receipts evidenCing such payments. Borrower shall promptly discharge any lien which has. priorily over thiS Deed of Trusl: prOVided, Ihal Borrower shall not nc required to discharge any such licn so long as Borrower shall .lgree in writing 10 the payment of Ihc obligation secured hy such lien in a manner acceptable to Lender, or shallm good faith conlcsl stl~h lien by, ur ddend enforcement of stH.:h lien m. legal proceedings which operate 10 prevent the enforcement 01 the hen or forfeiture llf Ihe ProperlY or ;'10)' part thereof. S. HazanlllISIIl1UKe. Borrower shan keep the Improvemenls now c.\lstmg or hereafter ereclcd on the Property insured against loss by fire, hazards included within the term "extended I.:ovcrage". and MKh other hazards ;:lS J,cnder may require and in such amounts and for such periods as Lenuer may rcquire; provll.Jed, lhat l.emler ,hall nol reqUire that the mnounl of such coverage exceed that amount of coverage rC4lllred 10 pay the sum... set:urcd hy lhl" Deed of Trust. The insurance carrier providing the insurance ,hall be t:ho'l,cn by Horrower sllhiCl.,t III appn.w;'ll hy I cnder: PfllYldcu. that such approval shall nOI he unreasonably withheld. All premiums on msurance polici::" shall he paid in the manner provided under paragraph 2 hereof or, if not paid in such manner, hy Borrower making paymcnt. when due, directiy to Ihe insurance carrier. All insurance policies and renewals thereot shall bt: III form ai.:ceplablt:: In Lender and -.;hall mclude a standard mongage clause in favor of and in form acceplable to Lender. Lender shall ha,"c the fight 10 hold the policit.'"S and renewals thereof. and Borrower shall promptly furnish to Lender all renewal notices and all rt..-cClplS of paid premiums. In the evenl of los...... Borrower shall give prompt notice to the insurance ('arner anJ Lendcr. Lender may make pH"lOf of loss d' not made promptly by Borrower, Unless Lender and Borrower otherwise agree in wriung, InsuranL:C pnxeeds ",hail bt: applted It) resloration or repair (If the Property damaged. provided such resloration or rep.ur IS cl.:llnOffilGtliy Ica~lhle ;md the sCI.:utity llf thiS Dccu of Trust I" not thereby impaired. If such restoration or repair is not econumically Icaslblc- t,lf If the .,ecurity of thi... Decu of Trllst would be impaired, the insurance proceeds shall be applled to the sums sccurt."d hy Ihis Df...'t:'d tlf Trust, 1A'1lh lhe e\\.'e~s. if any. r'.lld to Borrower. If the Property is abandoned by Borrower. \)r if Rorro\\.cr fail'\ 10 fc~pllnd to Lender wilhlll ]0 days from (he date notice is mailetl by Lender 10 Borrower that the Insurance ~arflier \)iTers 1(\ ~CHlc a ,,'jaun for ltlSlIralKC benefits. I elldcr is authorized to collect and apply the insurance proceeds ...t Lender's option cdhcr to resloratlon or repair (..If the ProJlerty or to the sums secured by this Deed of Trust. Unless Lender and Borrower othefWise agree In writmg. J.ny su\.:h i.lpphcJtlon 01 prlXceds to prmcipal \hall not c.\lend or postpone the due date of the monthly installments referreJ III III paragral'hs I and ::! hereof or change the amounl 01 such installmenls. If under paragraph I X hereof the Propert) l~ ,1~qUlred hy I_coder, ;.ill righi, tille and inlcre:-.t ot Borrower in and to any insurance polici~ and in and to the pn~eeds (hercllI r~ulllng trom damage lU the I>f(\pcrt". priur to the \.lIc or a,:q~!silion shall pass to Lender 10 the cXlent of Ihe sums \e\.:urw h} thl:,; Deed ot rru~t Ilnmediately prior to ~ut.'h sale llr acqulSltlon. &. Pr.ervalion....d M....leDlUlCe of Property: L."""hold.'i; Condominiums; Planned Unil l)evelopmenls. Borrower shall keep Ihe Propen)' lfi g\.lOJ repair and ..hall Il\H ,..:t.lrnnlll \\d:>lc \lr pcrnllt Il11p.tHIll\.'nt \.\f dCICfI\.\!i.lli\11l !.If the I)ropcrty ilnd shall comply with the provisions of any lease if this Deed (.If Trust IS 011 a leasehold. If rhl~ Deed of Tru~l IS on a Unlt in .1 condominium or a planned unit deveJopment. Borrower shall pctform all of Borrower's ()hligatlOns. unJcr the declaratltHl or CQver:'-a!lts creating or governing the condominIUm or planned \JllIt de\'elopm~nt. th.e hy.law~ ;lnJ: r('gul;.lIioll\ llf the condomIDlUm or planned unit development, and cOnsllIuenl documents, II a (t,lndomiOlum (II" planned unit dcvdopmcnl rider is ex.ecuted by Borrower and recorded together wilh this Deed of I rust. the covenants and agreements llf ~uch rider shall be incorporated inlo and shall amend and supptemcllI the co\'C'nanl~ <lnd ;.tgrecmcnls of thiS Deed III Tru:-.I a~ If the rider were a pan hereof, 7. PretedioB of Leader.s Securi.)'. If Borrower falls. to pcrh1rm the covcnanls and agreement" umialOcd in thl\ Deed of Trust, or if any action or proceeding is cOlUmen\."-'ti which malcnally affects Lender'", IOtere~t in [he Propert;-, incJudin8~ but not limited to.. eminenl domain, insolvency, code cnfon.:ement, llr arrangemenh l.."lr pn.xccding~ In\'olvlog " bankrupt or decedent. then Lender at Lender's option. upon noticl"' 10 Ror:ower, may make such appc':'HanCe:'l. di~bllr$' ~lKh sums and take such action as is necessary to protecl Lender's mterest. llldmltng:, hut not ilmited to, JI~hur~cmcnt \11 r~~ble attor~y"s fees and entry upon .the Property to make rcpair~_ If Lender rC4ulreo mortgage Ill~Ul;i1h:C "... ;J conditIon of makmg the Joan secured by thiS Deed of Trus.t. Borrower ~hall pav the premiums reqUired (l) 11\.1111(.1111 ....lldl insuf8nc:e in effect un'iI such lime as the requiremenl for su\.'o im.uran\:c term~nate-s in ~H...coroarh.:e With Bunowcr\ ,Hill Lender's wri~ten agreement or applicable: law. Borrower shall pa) the amount $1 ..II mortgage ln~uran~c pU;'JllIlJI1l~ III tl1\' manner proVIded under paragraph 2 hereof, , Any amounts disbursed by Lender pursuant tll thts paragraph 7. wllh IOlcrc:-.t thercon, ,hall 1"X't..'omc ,H.ldlllllll,Jl Indebtedness of Borrower secured by this Deed or Trus.t. Unle.'\'). Borrower and I cnder agree t~\ olher lcrms III pa)'lllent, "lId\ amounts. .shall he payable upon notice frt.."t-m Lender to Borrower rC4uestmg payment thCIi:ol, ~IIlU ~h;'lll ht.~i.H IOtCfC:\t 1wIll lhC' date of disbuncment at the rate payable r~om time to time l\O l'utc;tam.ting prin\."ipal under the N\.llC unks~ pa.Yl'n~nl \If inlcrc~1 at W\:h. rale would bc_ contrary tQ apf!hcable I~w. if) WhKh el/t'nt ~lh.'h amnunl:-., ~hall hear IJlt~rC'1 ,It the hlghc...t nile pe~bIe under applicable law, NOlhma contamed III thl~ paragraph? sh;.-tll n:q;Ulrc L~nJer t(\ Incur ~\I1Y t~-\pense ~.\r take any actiOn hereunder, L ~~ Lender may mak.e or cau~ h) be ma~e re....~Hlahle C'n~nc~ upon ;md lO"-r"',"..-'ll\Hh of Ihl~ Pr\)f)t'f1y, pr\:1\ldl~d tbat t...e~r $-haU gIVe Borrower notice pnor to an)' such lnipeCt!.,)!l 'pcl.~t}'lOS. rea!u.mable ~-,IU~(: lhcl'Ch.ll ldollt~d hl I \.'ndt" \ .nter,," In tho P_v,