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<br />~~.~-.~ooo4ss
<br />UNIFORM Covexexis. Borrower and Lender covenant and agree as follows:
<br />1. Paynteat of Principal and Interest. Borrower shalt 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 intetrs[
<br />an an Future Advances secured by khis Deed of Trust.
<br />2. Ftmds for Tazea and insurance. Subject to applicable law or to a written wairer by Lender, Borrower shalt pay
<br />to lender an the day monthly installments of principal and interest are payable under the No[e; 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 />Geed of Trust, and ground rents on the Property, it any, plus one-twelfth-of yearly premium installments for hazard rtisurance,
<br />plus one-twelfth of yearly premntm installments for mortgage insurance, if any, all as reasonably estimated initially and-fiom
<br />tithe to time 6y Lender on the-basis of assessments and bills and reasonable estimatesthet'eof. - -
<br />The Funds shall be held in an insttution the 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 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 execuuan of this
<br />Decd of Trust that interest on the Funds shad be paid to Borrower. and unless such agreement is made or appiicable ]aw
<br />requires such interest to be-paid, Lender shall not be required tp pay Borrower any interest or earningson 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 secure8
<br />by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes,. assessments, insurance premiums and ground rents, shall exceed the amount t'equired-to pay saidtaxes,
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's aphan,. either
<br />prompptly repaid to Borrower or credited to Borrower an monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to pay rases. assessments, insurance premiums and ground rents as they fall .due.
<br />Borrower shall pay to Lender any amount necessarv m make up the deficiency within 30 days from the. date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment zn fob of alt sums secured by this Deed of Trust, Lender shall promptl}' refund to Borrower any Futids-
<br />htld he Lender. It under paragraph t e hereof the P:nptrty is sole ar r%at Prantrt}' t~ ~cquirFd by Lender. lender
<br />shall apply. no later than immediately prior to the sale 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 Payrnsnta. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Nate and paragraphs t and 2 hereof shall be applied by Lender first in pa}'ment of amounts payable to Lender by Bortower
<br />under paragraph 2 hercaf, then to interest payable on the Note, !hen to the principal of the Nnte. ?od then to interest and
<br />principal on any Future Advances.
<br />4. Charges; Liens. Borrower shall pay a!1 taxes, assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a griority over this Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />manner provedtd under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly
<br />to the payee thereof. Borrower shalt promptly furnish to Lender all notices of amounts due under this paragraph, and in the
<br />even[ Borrower shall make payment directly. Borrower shalt promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority aver this Deed of Trust: provided, that Borrower shall not be
<br />required to discharge any such lien sa long as Borrower shall agree in writing to the payment at the obligation secured by
<br />such lien in a manner acceptable to Lender, or sfial In good faith contest such lien bv, nr defend enfareement of such Tien in.
<br />legal pproceedings which operate to prevent the cnforeement of the lien ar forfeiture of the Property-or any part thereof.
<br />5. Aazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against lass 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 fender may require; pravidtd. that Lender shalt not require thn[ the amount of
<br />such rnverage exceed that amount of coverage reyuued to pay the sums secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shall he chosen by Borrower subject to approv;d by Lender, provided.
<br />that such approval shall not be unreasonably withheld. All premiums on insurance policies shall he paid in the manner
<br />provided tinder patagtap6 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to [he
<br />insurance carrier.
<br />Alt insurance policies and mnewals thereof shall of in farm 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 bald the policies and renewals thereof.
<br />and $orrower shalt promptly furnish to Lender a!i rtnewaE notices and al! receipts of paid premiums. In the event of lass,
<br />Borrower shall give prompt notice to the insurance earner and Lender, t-ender may make proof of loss i[ not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shah be applied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this Dted of Trust is
<br />not thereby impaired. If such restoration or repair is not economically feasible or iE the security of this Deed of Trust would
<br />be impaired, the insurance proceeds shat! 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 Barrawtr tails to resppond to Lender within 30 days from the
<br />date notice is mailed by Lender to Borrower that the tnsurance earner offers to senle a claim for insurance benefits, Lender
<br />is authorized to collect sad apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the sums secured by this Deed of Trust.
<br />Unless Lander and Borrower otherwise agree in writing, any such application of proceeds to principal shat) not extend
<br />ar postpone the due date o[ the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such ms[abtnenes. if under paragrnph IA hereof the Property is acquired by Lender, ail right, title and interest of Borrower
<br />in end to any insurance palicits andd in and to the proceeds thtreaf resulting from damage to the Property prior to the sale
<br />or acgtisition shalt pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such sale or
<br />acquisition.
<br />ti, Preservation aed i4talntertance of Property; Leasebolda; Condominiums; Planned Unit Developments. Borrower
<br />shalt keep the Property in goad repair and shall not rammit waste ar ptnnit impairment or deterioration of the Property
<br />and shall comply with the provisions of any least if this Deed of Trust is an a leasehold. If this Deed of Trust is an a unit in a
<br />condominium or a planned unit development, Borrower shall perform all of borrower's obligations under the declaration
<br />ar wvenants creating or governing the condominium or planned unit development, the by-laws and regulations of the
<br />condominium or planned unit development, and constituent documents. 1(a rondominium ar planned unit development
<br />rider is executed by Borrower and rtx:orded together with this Dted of Trust, the covenants and agreements of such rider
<br />sltali be incorporated into and shall amend and supplemem the covenants and agreements oC this Deed of Trust as if the rider
<br />were a part itermf,
<br />7. Pmteetioo of Lender's Stcnrity. It Borrower faits to perform the covenants and agreements contained in this
<br />Decd of Trent, or if any ration or proceeding is commenced which materially affects I.,tnders interest in the Property,
<br />including, but not limital to, eminent domain, insolvency, code enforcement, ar arrungtments or proceedings involving n
<br />trankrupt or decedent, then Lender at iettdcr's option, upon notice to Borrower, may make such appearances, disburse such
<br />sums and take such xenon as is necessary to protect Lender's interest, including, but not limbed ta, disbursement of
<br />reatonahlt ai#otttty's free and entry upon the Propeng to make repairs. If Lender required mortgage insnra act as a
<br />condition of making. the loan secured 6y this Decd of Trust, Borrower shalt pay the premiums required to maintain such
<br />ittstirtirxe in efltt:t unti3 such Time as the requirement far such insurance terminates in accordance with barn?wtr and
<br />L,ender's writtett agrttntettt ar applicable law, Harrower shat) pay the amount of all mortgagt insurance premioms in the
<br />manetcr providal uadtr paragraph 2 hereof.
<br />Anyp antouots -dishuranr! by Lender pursuant is this paragraph :, with interest thereon, sfiatl became additional
<br />ittrlelsttdlama of Bottowar ttritred by this Dted of Trtut. Unless Borrc+wtr and Lender agree to other [cans of payment, such
<br />amrwrus shag be payablo uptut tWtict tram I..strdtr to Harrower requesting payment tfiereaf, and shall hear interest fr<sm the
<br />dolt of diaburrwt#tat at the rats: payable Exam tutu to tune an outs#anding pnncipai under iht Natt unless payment at interest
<br />at latch rata would bet contrary to applieahk law, in which ovens such amounts shall bear interest at the highest rate
<br />pertnittals6x vtstitr applicablt law. Nothing contained in this paragraph 7 shall require lender Ur incur any expense ar take
<br />arty action Mraaitdef.
<br />$- i+rartR.. t.,etder may make ar v`atrsc to bt made reasanaMt entntS upon and inspections of the Prppeny, pa>v+ded
<br />that I adax sl#aB ~e Borrower nattu prior to any such ittaptctinn ape.-ity+ng rcasanabte cattle rhrrttar trtatetl to l.rnder'x
<br />interest :tat t$a-->rfoatutv..
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