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<br />834)01912
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. ....yment of Prin<ipal and Interest. Borrower shall promptly pay when due the principal of and interest on thc
<br />indebtedness evidenced by lhe 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. Fads for Tul!S and Insurance. Subject to applicahle law or to a wriUen waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable tinder 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 rents on the Property, if any. plus one-twelfth of yearly premlllm installments for hazard insurance.
<br />plus ooe.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 est.imates thereoL
<br />The Funds shall 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 rhe Funds to pay said taxes. as..cs!-;ments.
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Fonds. analYJing said account
<br />or verifying and compiling said assessments and bills. unless Lender pays Borrower Il!tcrcst on the Funds OInd applICable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in Writing at [he time of execullon of th.is
<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 slIch interest to be paid, lender shall not be required to pay Borrower any Imeres.t or earnings on the Funds. I.ender
<br />shall give to Borrower, without charge, an annual accounting of the Funds shOWing credirs and dchits. tn {he Funds anti the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security ior 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.ahlc pnor 10
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall excced the amount reqUired to pay said ta.x-cs.
<br />assessments, insurance premiums and ground rents as Ihey lall duc. such excess shall he, at Borrower's option. ci[her
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Fund...
<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 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 10 Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property IS sold or the Property IS OIhcrwIse acquired by Lender, Lender
<br />shall apply. no later than immediately prior to the sale of the Property or its acqllisllion by Lender. :Jny 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 la\\! jJlovides orhcrwlse. all paymcnl'l received hy Lender under Ihe
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first In payment of amounts payable to l.ender hy Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, Ihen to rhe princIpal of !h'2 No!e. and ther: !o in:ef~:i: and
<br />principal on any Future Advances,
<br />4~ Charges; Liens. Borrower shall pay all taxes. assessments and other charges.. nnes and ImpOSItions :lllribllt~lblc In
<br />the Property which may aUain a priority over this Deed of Trust, and leasehold payments or ground renlS, 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 <.ill notICes of amounts due under this paragraph. and in the
<br />event Borrower shall make payment directly, Borrower shall promptly furnish to l.ender receipts evidennng Stich payments.
<br />Borrower shall promptly discharge any lien which has priority over thiS Deed of Trusl; prOVIded. that Bnrrpwcr shall not he
<br />required to discharge any such Hen so long as Borrower shall agree in wriling to the pa:vmcnI of the nhltgaHon secured by
<br />such lien in a manner acceptable to Lender, or shall in good fauh COOlest slIch hen by, or defend enforcement of such lien 1I1.
<br />legal proceedings which operate to prevent the enforcement of the !Jen or forfeiture of the Property or <lny rarl thereof.
<br />5. Hazard Insurance. Borrower shall keep the improvcmt:nts now C_tilSllOg or hcrcafler erected no thc Property insured
<br />against loss by fire. hazards included within the term "cxtended coverage", and such other hazards as. Lender ma}' reqlllrc
<br />and in such amounts and for such periods as Lender may rcquln;.; provided. that Lemler shaH not reqUlrc that the amount of
<br />such coverage exceed that amount of coverage reqUired to pay the sum\ secured by Ilw; Deed of Trust.
<br />The insurance carrier providing thc insurance shall be cho'\en by Borrower stlhject to approv.tl hy I cndcL prOVIded.
<br />that such approval shall not be unreasonably withheld, All premiums on insurance policies shall he paid in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment. when due. directly 10 the
<br />insurance carrier.
<br />All insurance policies and renewals thereof shall be in form acceptable to Lender :md shall mclude 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 ail recelpls of p.llJ premIUms, In lhe event of loss.
<br />Borrower shall give prompt notice to the insurance carrier antll.ender. Lender may make proof of loss II not made promptly
<br />by Borrower,
<br />Unless Lender and Borrower otherwise agree in writ mg. Insurance proceeds ...hall be ~!rpiJed h) re'\loralion or repair of
<br />the Property damaged. provided such restoration or repair is t;COnonllC~\lIy feasible ;md (he ",cl:urity l)f Ihi... DceJ l)f Trust 1\
<br />not thereby impaired. If such restoration or repair is not economically feaslblc or II !he st;,urity of thi... Dc~d ()f Trusl would
<br />be impai.red, the insurance proceeds shall be applied to the sums secured hy this Deed of Trust. with the C'-":C""", If any. p~,id
<br />to Borrower. If the Property is abandoned by Borrower. or if Borrower fails to rcspllnd 10 I.ender \\uhm 30 day\ from Ir.~
<br />date notice is mailed by Lender to Borrower that the msurancc carTier oilers to settle a dalm for ms.urancc henefit", l.~nder
<br />is authorized to collect and a.pply the insurance proceeds :1t Lender's Dption either to res.toratlon or repair (..'f the Pfl)pcrty
<br />or to the sums secured by thIS Deed of Trllst.
<br />Unless Lender and Borrower otherwi~e ..lgrce in wrillng. any sUl.:h application ot pH1l:ceds lO principal ~hall n01 extend
<br />or postpone the due dale of the monthly Installments referred W III paragraphs i and 2 hcreol l'r change the amount 01
<br />such installments. If under paragraph f 8. hereOf the Propert\' 1\ ,-lC4lured b\ Lender. all Tight. titlc and. mtcr(':-,f ll! Borrower
<br />in and to any insurance policies and in and to the proceeds thereof resullin'g from damage to the Property pflur In lhe ~alc
<br />or acquisition shall pass 10 Lender to the extent of the sums ~cl.:ured h} Ihis Deed of Trust Immedlatelv prior tl' ~uch sale or
<br />acquisition. .
<br />6. Presenafion an~ Maiotenaoc:e of Property; Leaseholds; Condominiums; Planned Unit Developments. Born..'wef
<br />shall keep the Property In good repair and ~hall not commit \\a.sle \H pennll Imp,lIllllcnt lH" dctcrh1r<tlHH\ 01 the PH)pnt\'
<br />and shall comply with the provisions of any lease if this Deed l'f Trust is on a leasehold. If thi~ Deed of Trust i~ ()fl a unit in ;1
<br />condominlum or a planned unit development. Borrower shall pecform illl ot Borwwcr's ohligallOns under [he declaration
<br />or covenants creating or governing the condominium or planncu unll dcvclopmcnI. the bv-faw~ ;.IntI rcgublion.., of the
<br />c~nd~minium or planned umt development. and constltuelH documents.. If a com.lominium< or planned tlnll tlC'\'-clopmcnl
<br />nder IS ~xecuted by ~orrower and recorded together with thiS Deed of ~I rusL Ihe covenants and agrcclHcnt~ pf stich flder
<br />shalt be mcorporated IOto and shall amend and supplemcm the Ctwenanh ;tnJ agre~ll1ents of thiS Deed o! Tru:-.l .IS If the flucr
<br />were a part hereof.
<br />7. Protection of Lender's Security. If. Borrower huls to perform the covenants anti agreements contamed in thi...
<br />Deed of Trust. or if any action or proceeding is ('ommenced which matcnally affects Lcnder'~ intere~t In Ihe Properly.
<br />including, but not limited to, eminent domain, insolvency. code enforcement, or arrangements or procet'Jing~ im.olving ;l
<br />bankrupt or decedent. then Lender at lender's option. upon notice to Borf\.1wer, may ma~e stich iq'pcarancC's, dbhurse such
<br />sums and take such action as is necessary to protect Lender's interc"it. including, but not limited (p. dlShur~l'mcllt 01
<br />reaso.n~ble aUorn~y's fees and entry upon the Property 10 make repairs. If LCI~ucr rC4uircd mortgage lnsurant:c <.I'" ;1
<br />~ondttlon ?f m~kmg th,e loan s~cured by this ~eed of Trust. Borrower shall pa~' the prt:miullls required to maint;.ull ~tl\.:h
<br />msurance In eftect until such !tme as the requirement for such insurance termmates in accordam,'c wilh Borrowcr'~ and
<br />Lender's wri~ten agreement or applicable law. Borrower shall pay the amount ot all mortgage insur311cc premiums ill tht..,
<br />manner prOVided under paragraph 2 hereof.
<br />, Any, amounts disbursed by lender pursuant to this paragraph 7, with Interest thereon. shall hCL'omc <lddilional
<br />mdebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to l,[her t~rnl~ oj payment. ~uch
<br />amounts ~hall be payable upon notice from Lc!'uer to Borrower rcque~tlOg paymenl thereof. ,Ilhl shall IJeiU !Ilterest I rom the
<br />date of disbursement at tht: rate payable f~om time to .time ~n outstanJing prine,ipal under thl' Note unless payment of interest
<br />at su~h; rate would be. contrary to ap~l1cable law. I~ wh:ch event !'lIch amounts shall hear 1I1.t~rest at the highest rate
<br />perm,ss.lble under applicable law. Nothmg c\.)ntained to thiS paragraph"] shaH rcqllir~ Lender to Incur .m\' expense or take
<br />any aellon hereunder, "
<br />8~ I~ion~ lender may m~ke llr.caUs.e to be made rea~onable cnln~~ upon and lIlSpCi.:tIOOS of lh~ pf'()pt'rlY, pn.H id..;:J
<br />~hat Len,der shall glve Borrower nUUee prior to .any such in~pectlOn specifYlOg reftsOIMbk- ~,HJ\C thl'rchl! I elatt.'d 10 I end"I '"
<br />mlcrat In the Prooenv,
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