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<br />84 ---i-G0566
<br />UNIFORM CovertsrtTS. Borrower and Lender covenant and agree as follows:
<br />1. Pa~ttaetd d Printipl strd Interrat. Borrower shall promptly pay when due the principal of and interest nn the
<br />indebtedness evidenced by [he 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. t?tttttttis ter 7'ataa ad lastna~ee. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lrnder on the day monthly installments 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 rents on the Properly, if any, plus one-twelfth of yearly premium installments for hazard insurance.
<br />plus orre-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />nine to time by Lender an ilia basis of assessments and bills and reasonabh estimates thereof.
<br />The Funds shall 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 Lender is such an ins[itutionl. Lender shall apply the Funds to pa said taxes, assessments.
<br />insurance premiums amd ground rents. Lender may not charge for so holding and applyimg the Funds, analyzing said account
<br />or verifying and compiling said usessments 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 fnterest 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 Borcower, without charge, an annual arsounting 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 />by this Detd 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 clot 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 tall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower nn monthly installments 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 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 foil of all sums secured by thrs Deed of Trust. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. ff under paragraph t8 hereof the Property is sold ur the Property is otherwise acquired by Lender, lender
<br />shall apply, no later than immediately prior ro the sale of the Property or its acquisition by Lender, any Funds held by
<br />tender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />J. Appliratlon of Pavtnenh. Unless applicable law pro»des otherwise. all payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied by Lender first m payment of amounts payable to Lender ny Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the princpal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. Ckarxes; Lkm. Borrower chaff pay all tats, assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a pnoriry over this Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof nr, if not paid in such manner, by Burrower making paymen4 when due, directly
<br />to the payee thereof. Borrower shall promptly furnish to Lender all ponces tit amounts due under this paragraph. and in [he
<br />event Borrower shall make paymtent daecdy. BOrcower shall promptly furnish to Lender recerpts evidencing such payments.
<br />Borrower shall promptly discharee any lien whrch has pnonty over this Uerd of Trust: provided, that Borrower shall sot hr
<br />required to discharge any such lien so long as Borrower shall agree in writing to the payment of the obbgation secured b}'
<br />such lien in a manner acceptable to Lender, or shall m good forth conies[ such hen by. nr defend enforcement of such hen m.
<br />legal pproceedings whirh operate to prevent the enforcement of the lien. or forfeiture of the Property or any {;art thereot.
<br />S. 1!Isord Instrrate. Borrowtr shall keep the improvements now exuung or hereafter erected nn the Property insured
<br />against toss by fire, hazards included within the term "extended coverage". and such other hnzn ids as Lender may require
<br />and in such amounts and for such penods as Lender rosy reywre; provided, that Lender shall not require that the amount of
<br />such coverage exceed that amount of coverage regwmd u, pay the sums secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shall be chosen by Borrower stibjeu to approval by Lender: prov~dtd.
<br />that such approval shall not be unreasonably withheld. Atl premiums on insuranre policies shat! he paid fn the manner
<br />provided Under parasraph 2 hereof or, if not paid fn such manner, by Borrower making payment, when due, directly to the
<br />ittwrance carrier.
<br />All insurance policies and renewals thereof shall he m form acceptable to Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. I.ertder shall have the right to hold the policies and renewals thereof.
<br />and Borrowtr shall promptly furnish w Lender af) renewal notices and a!I recerpts of paid premiums. In the event of loss.
<br />Borrowtr shall give prompt notice to the rnsurance earner and Lender. Lender may make proof of loss of not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower ntherwrst agree fn ++nung, rnsurance prtKeeds shall be applied to restoration or repau of
<br />the Property damaged, provided such restoration or rtpa~r n ecunom~caliy feasible and the security n( this DeeJ of Trust is
<br />not thereby rmpaued. If such res[oranon ur repau is not tconomirally feasible or d the security of this Ueed of Trust would
<br />be impaired, the insurance proceeds shall be apphtd to the sums secured by this iked of Trust, with the excess, if any, paid
<br />to Bottower. If the Property is abandoned by Borrower. or if Borrower fails ru respond to Gender within i0 days (rum [he
<br />daft notice is mailed by Lender to Borrower that the msarance earner offers to settle a claim for rnsurance benefits. Lender
<br />is authorized to colhct and apply the insurance proceeds at Lender's option cuter to restoration or repair of the Property
<br />or to the sums secured by this Deed of Trust.
<br />Unless Gender and Borrower otherwise agree in wrung, any such applicator of proceeds to principal shall nut extend
<br />or postpone the due date of the monthly installments referred to m paragraphs 1 and 2 herco! or change the amount of
<br />such installments. If under paragraph I N htreut the Property is ueyuirtd by Lender, all right, title and interest of Borrower
<br />in and to any insurance policies and in and to the proceeds thereot resuhing from damage to the Property poor to the sale
<br />or arquisiuon shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately poor to such sale or
<br />arqufsition.
<br />6. PreservrNiaa tmi Mttisatwrce of Property; LeaseboWs; Condominiums; Planned Unit lkvelupmenfs. Borrower
<br />shall kelp the Property to gucul repau and shat) nut cenunn caste ur ptrnnt impaumem :r deterinrauon of the Property
<br />and shall comply with the provisions of any least if this Ueed of 'trust is on a leasehold. if this Deed of Trust is tin a unit in a
<br />condominium or a planned mzit development, Borrower shall pttform ail of Borrower's obligations under the declaration
<br />or covenants creating or governing ilia condominium v planned unit der'etupment, the by-laws and regulations of the
<br />wndomioium or piaantd unit development, and cansutuent dcxuments. !f 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 nder
<br />shall be ino'orporated into and shalt amend and supplement the covenants and agreements of th+s Deed of Trust as if the nder
<br />were a part hereof.
<br />7. RMeetiaa of l.etder'r Seeutity. If Borrower fads to perform the covenants and agreements comarned in this
<br />Deed of Trust, or if any action ar proceeding is commenced whirh materially affects Lender's interest in the Property.
<br />fncltdiny bat trot Limited to, ernineni domain, insolvency, code enforcement, or arrangements or proceedings urvolvmg a
<br />bankrupt or decedent, then Lertdtr at Lender's option, upon notice to Borrower, may make such appearances, disburse sort
<br />sums atx! take such action ss is necessary to protect Lender's imerest, including, but nut limited «i, disbursement o1
<br />tearonabk attornty~ fees and entry upon the Property to make repairs. If Iryender required mortgage insurance as a
<br />condition of maktfg the loan secwtd by this C)eed of Trust, Borrower shall pay the premiums required to roof ntarn uich
<br />fttsutanx in eflett unfit such tithe as the requirenxnt for such insurance terminates m accordance with Burnrwtr5 and
<br />C.ttrtfar's wrftten agrettmanr m appiicalrk law, Borrower shsti pay the amowu of all mortgage insurance premiums m the
<br />tnatutet prov~lal under pwr't~trPh ~ hvWf,
<br />Any atnpunta disburasd by Ltndet pursuant to this paragraph 7, wuh iurtrtst thtrton. shall t>acerme adduional
<br />ittdtsbttttlntss tsf Borrower scrotal by this laced of Trust. Unttss Borrower and Lender agree to other terms of payment, such
<br />arrtwtnta thdl hz payable Upon rsotice from t ~ertder to $nrrrnver requtsung payrtnnt ihereaf, and shall bear interest from the
<br />die Bf tiit6traetgegt at the tart payable ham tittle to tithe on outstanding principal under the Note unless paymem of inttrext
<br />st latch fate wouk# ere comrary to applicablt law, in which event such amounts shag tzar fnterest at the hfghtst rats
<br />pasmrrribk tyoder applictbt taw. Nothing wntaieted in flits paragraph 7 shalt rtquirt Ixnder to meur any txptnse or take
<br />any aetiott haiaunder.
<br />•- lugtsrtlast. •Landcr mry make or cause to be trade rtawnable tt+tnes upon and tnsprrtions of the Pruprrty, provided
<br />that l.e+sdxt aftaH slue lilorrtwer trotftt prtor to any such inspes:tion specifying reasonable cause rhttrofor retattd to I_en,ier'>
<br />imenntt in the Prtsterty.
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