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<br />UNIFORM CoveNatv7s. Borrower and Isnder covenant and agree as follows: ~ ^_ 001 g ~'
<br />.1. ~ ref lrlatfpl alai Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />tadehtedness evidenced by the Nde, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on anyy Future Advances secured by this Dead of Tn,st.
<br />2. ^aai far TaRSS sssi Ias~ea~te. Subject to applkable law or to a written waiver by Lender, Borrower shill ply
<br />to Lender on the day monthly instsllments of principal and interest are pawbk under the Nate, 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, sent ground rents on the Properly, i[ any, plus one-twelfth of yearly premium fnstallmmts for hazard insurantt,
<br />plus one-twelfth of yearly premium instatlrrxms for mortgage insurance, if aey, all as reasonably estimated initially and from
<br />tiros to time by Lender ten the bruin of assessments aed bills and reasonable estimates thereof.
<br />The Funds shall be bald in an institution the deposits or accounts of which arc insured or guaranteed by a Ferleral or
<br />state agency Including Lender if Lender is such an institution). Lender shall apply the Funds to pay safd faxes, aatatasrrtents.
<br />irrsttrance premiums and ground rents. Lender may trot charge for so hdding acrd applying the Fonda, analyzitg said-aceatnt
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicabsle law
<br />permits lsnder to make such a charge. Borrower and Lender may agree in writing at the time of executiort of this
<br />Deed of Trust that interest nn the Funds shall be paid to Borrower, and unless such agreement is made or appligble law
<br />requires acerb interest to be paid, 1_ender shall not Itt required to pay Borrower any interest or earoin~s on the Fwrds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credha and dtbUS to the Funds and the
<br />purpaee fix which each debit to the Funds was math. The Funds are pledged as add&ional security for the stettes accrued
<br />by this Deed of Trust.
<br />tf the amount of the Funds heW 6y Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes. assesvnents, msurarttt premiums and ground rents, shall exceed the amount required to pay said-taxes:
<br />assessments, irrsuratttt premiums acrd ground rents as they tall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sttfliceent ra pay taxes. assessments. insurarrtt 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 notitt is mailed
<br />by Lender to Borrower requesting paymcm thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shah promptly refund to Borrower any Funds
<br />held by Isnder. If under paragraph Ig hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no late than immediately prior to the sale of the Prapcrty or its acquisition by Lender, any Fonda held by
<br />Lender a[ the time of application as a credit against [he sums securt:d by this Deed of Trust.
<br />J. AppYealisar of lhlueaR Unless applicable law provides utherwrse, all payments received by Lender under the
<br />Note and paragraphs I and 2 hermt shall Ix applied by Lender first m pa merit of amounts payable to Lender by Borrower
<br />urtder paragraph 3 hereof, then to interest payable on the Nvte, then tv the principal of the Note- artd then to intetm artd
<br />principal an any Future Advarrca.
<br />~ (7arget Liters. Borcower shall par all tuxes. assessmems and u[htt charges, fines and impasitfons attributable to
<br />the Property which may attain a priority over this Deed ai Trust. and leasxhold payments or grouted renp, if any, in the
<br />manner prevpfed under paragraph ?hereof ar. i( not paid in such manner by Barrower making payment, when due, directly
<br />to the payee thereof. Borrower shall promptly fumtsh n, Lender ail ounces of amounts due under this paragraph, and fn the
<br />event Borrower shall make paymcm derxtiy, Borrower shall promptly furnish tv 1-ender rtceipLL evitkncing such payments.
<br />Barrower shall promptly discharge any lien which has priority over th+s Ihrod of Trust; pronded, that Borrower shall trot be
<br />required to discharge any such lien xa long as Burrower shall agree m writing to the paymcm of the obligation secured by
<br />such hen m a manner acceptable to Lender, ar shall m good faith contest such Iren br, ur Defend enforcement of such lien in.
<br />legal pproceedings which aperam to prevent the entarcemem of the hen ur forieituro v[ the Properly or any part thereof.
<br />S. Hasei lasarauee. Forrower shag keep the +mpruverticnts new exsung ar hereafter erected an the Property insured
<br />against loss by fire, hazards included within the term `extended cuvemgt'". and such ether hazards as Lender may require
<br />and to such amounts and for such periods as Fender may require; pmvtded, that Lender shall not require that the amaunl of
<br />arch coverage excad that amount of coverage reyuued to pay the sums secured by this Deed of Trust.
<br />The imuraece carrier providing the insurance shall tic chosen b}• Borrower subject to approval 6y Lender. provided,
<br />that suchapprvv at shag not t+e unreasonably withheld. AN premiums on itturrarttt policies shall be paid in the mattes
<br />provided undet'aragrap6 2 hereof or, tf not part'! in such manner, by Borrower making payment, when due, dirtcAy to tix
<br />[murantt cartiear-
<br />All tnsuratrtt pofet:ies acrd renewals rnertvf shall be +n form acceptable to fsnder and shall include 8 ahirdard mortgage
<br />douse in favor of aed is form accepnbk to Lcntkr- L-ender shall have the right to hold the policies and renewals thereof.
<br />sad Borrower shall promptly furnish to I..entkr all rerrewat notices and all receipts of peed premiums. in the event of loss,
<br />Borrower shah give prwnpt rnf[reC [o the rtrsurance earner and Lender. Lender may make proof of Itm if not made promptly
<br />by Borrower.
<br />Unkax Lander seed Barrower ottxrw,se agree in wrnurg, insurance proceeds shall be applied to restoration or repair of
<br />the Properly damaged, provided such resivraztan or repar as exaru+mtcalty tensible ;end lht security of this 13eed of Tnrst is
<br />not iherebv ,mpairaf. tf such rtataraz,on ar repau is nc+t ecuntsrnically teas,blt ar +f the security of this Iked of Trust would
<br />be ,mpured, the insuraece proseetfs shall be applied to the sums stencil 6y this Deed of `frtrs4 with the excess, it' any, paid
<br />to Borrower. If the Property h abatrdvrnd by Barrower, ar if Borrower fails to respcttid ro Lender within 30 days from the
<br />date twuce is mailed by Lender to Barrower that the insurance earner offers to settle a elarm for msuraime benefits, Lender
<br />,S lntharrZed 10 collet a11d epp1Y the insurance proceeds at Lender's option either to restoranon or repair of the Property
<br />or to the sums secured by this Deed of Trust.
<br />Unless Iststler and Bonowu otherwise ages as writing, any such application a# proceeds to principal shall nut extend
<br />ar pttstpoire the due date of the rmtothiy imtallments requred to an paragraphs 3 and 2 hereof or change the amoum of
<br />such itisuBmatts. If tender paragraph i H hereai the Prctpert} is acquired by Lentkr, all right, title and interest of Barrower
<br />to aed to any insurance policies aed nand to the pox-e~is thereat' resulting tram damage to the Property prior to the sale
<br />ar acquisition sha0 pass to Lsndtr w the extent of the sums secw~ed by this Dttd of Trust immediately prior to such sale or
<br />acquwtioo,
<br />g. Fraasrvalba anti MalRaeaR~ce of !'raper/,y; LeasehatiU L'oaiotaiRiiuwt Planes Usti[ Developutents. Borrower
<br />shall keep the Property ,n good repair and steal! nut ~unmtn waste tar permat impairment ur deleriuratuan of the Properly
<br />and shall comply with the provuiotis of any Mast it this Dad of Trust ,s set a leasehold. if this Dad of Trust is on a unit in s
<br />coralaninium or a planned unit development, 8oreower shall pedvrm at! of 8orrower'x obligations under the declaration
<br />W covtrtatefs creating or governing the n>trdominitun or planned un+t development, the by-laws and regulations of the
<br />corttlorniniutn or p{aarrdl unit development, and caruuurent documents- If a candaminium w' planned unit development
<br />rider is executed try Borrower sail recorded together with this Deed nt Trust. the covenants and agreements of such rider
<br />shall ix incorporated inW and shall amend acrd supplement the covenants and agteements of this Dad o! Trust as if the rider
<br />were a pan hereof.
<br />T. haleeliaa of I.eaier's Sceariq. If Borrower (ails to perfvtnr the covenants and agreerexms contained in this
<br />Daaxl of Trtrt, ar if soy action or praceexltng is aimmenced which materially affects Lender's +nterest an the Property.
<br />incltrdiog, tint ern limited ro, errriruat darnaea, irrsulveocy, code enforcement, or arraogetnents or proceedings invalvtng a
<br />bitnlctupt ar detxdeai, tbaa 1,a-rider at lsttder's option, upon oatice to Barrower, may make such aprpearances, disiturse such
<br />accent aed take such action ffi is ttet;tssary to protect Leader's +nterest- ,ncltrdtng, but oat limited ta, disbursement of
<br />teaaaatdtle atttrrneya fetes and tatty upxm the Propene m ,nake repairs If Ixtultr required mortgage urxurance us u
<br />tvaMlitiOit oC tmtlting_ the: roan securtxl by this IJred v[ gust, Borrower shall pay [fie premiums required to maintain such
<br />ifyrtfaptt in dGsct irotB acerb time as the cegtiireatent tar such insurance remm~ates an accordance with Ronvwer's and
<br />f,endtui "stripe[[ agreereeat w • kabk law. Borrowsr shall pay the amount of ail mortgage insurance ptemiunrs in the
<br />rnaiapRt psattltle,f uodad~bun~2 ltereaf.
<br />t All afrsEwttla by lxttdtr pursuant ko tttia paragraph 7, with ~nttrest [htrtvn, shall tre:cv[ttt addtt+unal
<br />1L,u ~~ ~ owar stcuttd by this lkad of Tntst (}rakes Horrowtr and Isndtr ages to other teens of payment, such
<br />aartalnba shelf bt payable ttptai tttrtica irurrt Leader to Barrower regiuating payment Ihercuf, sent shall bear ,nmtnst from rho
<br />date tl><4wlbunp~taut a! rtes tale payable frgn time to tiox on outstanding prinxipal tender the Nete unless payment of imemst
<br />at stat#t rape wt>!dd he Contrary to applicable law, in which event such amounts shat! hoar interest at the highest ram
<br />parmtit4illle tleder applicable taw. Nothing conuiintd in this paragraph 'shall require Le-~dtr to mrur any expemc or take
<br />etary 4Clittll
<br />~ ~ ... C.aiidRt may make or cause to he mule rtaxanahlt cnteroas upon and mspecirotts tit the ~p~q~pegy,:provlded
<br />ibW l tt~ grva Ilekrtowet trolna prtur to any such i+tsptxructn spccifyang teasormhte c~airst khereta[~ +~tated'ta f enders
<br />rteiftatlt ill f~a t(§tesaty.
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