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<br />t!NIFORM Cover+xtvn. Borrrnver and 1 ender covenant and agree ax follows:
<br />1. Paysent of Principl attd Interest. Borrower shall promptly pay when due the principal of and interest nn the
<br />mdehredness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on an}}~ Future Advances secured by flits [ked of Trus/.
<br />Z. Itnrds far Tress cod fntwance, Subject to applicable law or to a written waiver by tender, Borrower shall pay
<br />to Lender nn the day monthly installments of principal and interest are payable under the Note, until the Note is paid in cull,
<br />a sum therein "Funds'i equal to one-twelfth of the yearly tares and assessments which may attain priority aver this
<br />Deed of Trust, and ground rents nn the Properly, if any, plus one-twelfth of yearly premium installments for hazard insurance.
<br />plus one-twelfth of yearly premium installmenn for mortgage insurance, i( any. all as reasonably estimated initiaNy and from
<br />time to time try lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an mstitutitm the deposits or accounts of which arc insured or guaranteed by a Federal or
<br />state agency (including Lender rf Lender is such an institution). lender shall apply the Funds to pa said taxes. assessments,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applyitrg the Funds, analyzing said account
<br />ar verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits 1_ender to make stn-.h a charge Borrower and Lender may agree in writing at the titM of execution of~ this
<br />Deed of Trust that interest on the Funds shall be paid to Burrower, and unless such agreement is made or applinbk law
<br />requires such interest to be paid Lender shall not be required to pay Borrower am interest or earoin~s on the Funds. Lender
<br />shall give w Borrower, without charge, an annualacnninting of the Funds showing credits attd debris to the Ftmds and the
<br />purpose far which each debit to the Fonds was made. The Funds are pledged as additional ttcetuity for the sums taxtttad
<br />by flits Deed of Trust.
<br />If the amount of the Funds held by Lender. together with the tutnrc monthly ittstallmgtts of_Funds payable prior to
<br />the due dates of taxes, auessmentc, insurance premiums and ground rents, shall exceed the amotmt required to pay said faxes,
<br />asxssmcnh, insurance premmms and graund rents as they fall due, such excess shall tre, at Borrower's option, tither
<br />promptly repaid to Borrower or credited to Burrower on monthly installments of Funds. If the' amrwnt Of the Fund3
<br />held by Lender shall not he suftiacnt to pay taxes, assessments, insurance premiums artd ground rents as they fall dtte.
<br />Borrower shall pay to lender any amount necessary to make up the deficiency within 30 days from Iht da1E notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />U pan payrttem in (all of all sums secured by flits Decd of Trust. (.ender shall promptly refund to BorrowM any Funds
<br />held by Lender. It under paragraj+h Ig heretvf ilia Prapttty is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than rmmedtatnly pno: to the sale of the Property or its acquisnion by Lender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Deed of Trml.
<br />3. Ap~BraHow of Payasents. Unless applicable law provides otherwtse, all payments roceived by Lender under the
<br />Note and paragraphs t and 2 hereof shall M applied by Linder first m payment of amounts payable to Lender by BorrowM
<br />under paragraph 2 hereof, then m interest payable on the Nntr. then to the prinnpal of the Note. and then to intefest and
<br />principal on am Future ,4dvances
<br />t. Charges; Lkee Borrower ,hall pav all [axes- assessments and other charges. fines and impositions attributable to
<br />rhr Property which may attain a preonry over this Deed of Trust, and leasehold payments or ground ttmtl, if any, in the
<br />manner provided under paragraph 2 hereof or, if oat paid in such manner, by Borrower making payment, when due, directly
<br />to the payee thereof. Borrower ,hall pramptly furnish to Lender all nmices of amounts clue under this paragraph, and in the
<br />event Borrower shall make payment dutch}. Narrower shall promptly lurnish to Lender receipts evitknemg such paymams.
<br />Borrower shall prompt)}- dtschargc any hen which has pnanty over this Deed of -I-rust; previded, that Borrower shall not he
<br />reywrcd to discharge anv such hen co !ong .u Bon owrr .hull agree m writing w the payrtxnt of the obligation secured by
<br />,uch hen m a manner accrptabtr to Lcndrr, or shall in gout) faith contest wch ben by, or defend rn[orcemen[ of such lien in.
<br />legal pra:redingz whrrh operate to prevent the enforcement of the )ran ar forfeiture of the Pruperiy or any part therco[.
<br />S. Htarard Imarrct. Borrower shag keep the tmpravenrents haw exuung or hercatler erected nn the Property insured
<br />agatmt lass M1v lire, hazanls msludrd wuhen the term "extended .overage". ansl such other hazards as Lender may require
<br />and m such anwunts aad fm ,uch pcnads au tender may requre; provided, that Lender shall oat require that the amount of
<br />such coverage exceed that amaum oC coverage required to pay the sums a'ecured by this Dtxd of Tntst.
<br />The insuran-r earner providing the insuraru~o ,hall be ihusen by Barruwrr subject to approval by Lender; provided,
<br />that such appravai shall oat tx unreasonably withheld AIt premiums on insurance policies shall fee paid in the trtauoM
<br />provided under paragraph ? hereo[ or, it oat paid in such mamrer, by Borrower making payment, when dues directly to the
<br />imunnce tamer.
<br />All insurance policies :rod renewals ihereW shall hr m form acceptable to Lender and shall include a standard mortgage
<br />clause in favor of and m form acceprah{e is Lender. I.endei abut) have the right to hold the policies and renewals thereof.
<br />and Borrower shat! pramptly furnish to L-coder alt renewal Haber. and all rrcrtpts of paid premiums. In the evem of loss,
<br />Borrower shall give prompt ewuce ro rhr nuurancr cazreer seed Lender. Lender may make praaf of Toss if not made promptly
<br />by Borrower.
<br />Unless Lcndrr and Norrawer rtherw rsr agree in writ mg, rnsuranee proceeds shall be applied to restoration or repxrr of
<br />rhr Propene damaged. provided wch reshuanon or repair .. rconanvsaily feasible and the seavity of this Decd of Trust rs
<br />nut thereby tmpasred- If such restot quart ar rrpau n oat ra,aotnically feaarbfe ar tf the sreuiity of this Deed of Trust would
<br />t>z impaired, the tnsurancr prcaerds shall F,r applied x. the soon secured try this I.k:ed of Trust, wch the excess, if any, paid
<br />to Borrower. If flit Property is abandand by Barruwrr, or if t3+arrower fails rn respond to Lender within 30 days from the
<br />date native is mailed by [.ender to Norrawrr that the msurans;r csrner otters to sank a claim for insurance benefits, LCntkr
<br />n authanzed ua toiled and apply rhr insurance pzaceeds at Lender's option either to reswrauon ur repair ai the Properly
<br />or to the sums secured by this Deed oC Trust.
<br />Unless I ender and Borrower otherwise agree m wining, any such apphcauon of proceeds to principal shall oat extend
<br />nr pt~stpcurr rhr due date i+! the monthly installments referred to to paragraphs i and 2 hereof or change the amount of
<br />wch mstallmenn. If under paragraph ! n hrrrol the Properly to acywred by Lender, all right, title and interest of Burrower
<br />in and w any insurance pabs'ies and m and to rhr pr.><:ccds thereof rrwlung Tram damage to the Property prior w the sale
<br />or acyursition shall pass to Lcndrr to the extent ,d the sums srcurt^d hp Chia Deed of Trust unmediatcly prior to such sale or
<br />acyuisitinn-
<br />f. Preixnatloa and MaLtenance of Property; Lrasehulds; ('uadominiums; Phtnued Unit Developmetus. Narrower
<br />,hall keep rhr Prc,prrt} in great rcpau -, rid si,ait raw .,~mma caste ++r {x;uuu toe p.w meat x dctenorauan of the Property
<br />and shall comply wch rhr pravniotes of any- Lease A thu Deed of Trust is ,+n a leasehold II this ).ked of "trust is on a unit m a
<br />randaminwm or a ptannett unit del eiopment. Borrower shall perderm ah of borrow-er's ohligatn,ns under rhr declaration
<br />or covenaats crcatiug or govrrnatg rhr :ondomimum ,,: plarmrd tout des elaprnuu, the by-laws and rcgulatiuns of rhr
<br />eandaminivm or planned amt drsclopment, and consuturne d k~uments It a rondummium or planned amt drvclupmrnt
<br />r War is eaerutcd b} Rorruwez and rcwurdrJ together with th,s I~rd ++t lruv, the covenants and agreements of such rider
<br />shaft f>c mcarpo[aced into and shall amend and supplement the u,scnunn end agreemrnts ub flits bred of ~Irw! as if the ndrr
<br />were a part hereof.
<br />7. hwertbe of Lenders Security-. IC Non owrr falls W prr[orm rhr cotenants and agreements c+mtuinrd m chi.
<br />Decd of Trust. or if any actors nr proceeding n rt>mmrnc<,i which rnatrnally afterts I tndcr's interest ur the Properly.
<br />mduding, bat not Inverted ta. rmiaenr domain, :nsolveix-y- code enforce mint, or arrangrmerrn er proceedings im acv mg a
<br />trankrupt or decedent- then Lauder at Lender's option, upon rx>hce t.,• Burower, Wray make such sppearancr,, Juhurse such
<br />sums and takC such atthin as is accessary m proles! Isnder~s interest, intuiting. but nut Innitrd to, dishutxnunt ot"
<br />reusonahle attonMy's fees and entry upon ilia Properly n, crake repairs 1( (sender required rnartgage assurance as a
<br />~ndilinn of making the Faan secured by £hn Deed o[ Trust, Borrosvr: shall pay the premiums required to matntarn .uch
<br />insurance in eRett anti{ such time as rhr regwrement for <uch unurance tenninares +n ;ucordantc with Borrower's and
<br />Lrrukr's wcifttn agreement or applicable law Nurr.+wcr shalt pat rhr ems+unr of a!. nwrigagr tmuranc[^ prrnrwan us the
<br />manner provided under paragraph ? hereof.
<br />Any amounts disbursed by Lcndrr pursuant to thre paragra ph 7, wch ;neat rye theresa,, shall hrco+ne addnional
<br />inetebtednexs at Borrower secured by (his Ihetf of Trust Vnless Narrower and 1 ender agree n, obese terms of payment- such
<br />amounts ahaB he payable upon native firm Lender to &+n awry retiursung pee}meat thereof. end shall bear mtrttst leant rhr
<br />date of drobtrrsement at flit rule pnyablr from time to time on outstanvhng principal uodcr rhr Vatr unless payment ++t inters st
<br />at sucTt raft would br contrary to applicable tau :ri whr,:h event st:ch amounts oral! hear interest at the htghext rate
<br />permluiblt uodcr applicable law Noihrng contained .n this paragne{dt '7 shall rr.{uirc {.ender let incur an} expense or take
<br />any action hereunder
<br />/• llwetlisu (_etukr may taake or .airsr to ht ntadr ;can,+nahir rntnr~ a{r+r, -mJ .n,pees bunt tit the Pr.t{sift pi..t iJrd
<br />char Lrnrter shalt gives Bctrrawcr nut ice {mvr to any ouch ass~~:ritxt spec,fymg rtasnnahlr cause ten>rs-!ru rri.acd to I cn,lcr t
<br />imrrcst in the Pratrerty
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