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UNIFORM COVENANTS. l}Ortower and Lender covenant and agrtt as follows:
<br />1. h}'twnt of Rltsdpl atttf IetetM. Borrower shall promptly pay when dire the principal of and imercst nn Itrc
<br />indeMedness evidenced by the Note, prepayment and late charges as provided in the Note, and lht principal of and-igteit:u
<br />on mY Future Advances secured by this Deed of Trost ~ '
<br />2. 1tsoL fir Taas trtti Itwsee. Subject to applicable law or to a wriuen waiver by Letwkr, Borrower' aM11-'ptYy
<br />to Lender on the day monthty installmenu of princrpal and interest are payable under the Nqe, until the Mo[e~ is paid+n full,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly talcs and assessments which may attain priaeity over this-
<br />Deed of Trust, and ground rents on the Property, i( any, plus one-twelfth of yearly premium instaflmentc for hazardfnsurance.
<br />plus one-twelfth of yeady premium installments for mortgage irrsurans'e, if arty, all as~rcawnably estimated initially and from"
<br />time to time by Leader on the basis of assessments and bills and reasonable estimates tlKreof--
<br />The Funds shall be held in an institution the deposits or accounts of which arc insured or gdaranieed-. by a FeJcraf or
<br />state agency (including Leader if Lender is such an institution). Leader xha0 apply the'Futrds'Isrpagsaid taxes, asresstncets.
<br />imurance premiums and ground rents. (.coda may not charge far so holding and applying the-Funds, analyzing sail account
<br />or verifying and compiling said assessments and bills. unless Lcnrla pays Borrawa interest on-llt6'.Fttnds and applicable law
<br />permits Lender to make such a charge. Burrower and lender may agree in writing tit the-tittle' of esccmiun of this
<br />Deed of Trust that interest nn the Funds shall be pard to Borrower, acrd unless such agreement is--made'ar appticabklavv
<br />requires such intereal to be paid. Ixnder shall not be required to pay Borrower any interest or catnings-on the Fttttdti. l.ettdcr
<br />shall give to Borrower, without charge, an annual accotmting of the Funds showing credits amt JcMES fo the Fitrils aril tM
<br />ppuurpose for which each debit to the Funds was made. The Funds are pledged as addiriot+a} aecori[y ftfr`[}ie~suma:~iixttred
<br />by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with rite future monthly installments of Ftmds payahM- prior m
<br />the due dates of taxes. assessments, :assurance premiums and ground rents, shall escttd the amount rgguired to ,pay lard tare..
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall he, at Borrowers option, either
<br />promptly repaid to Bortower or credited to Borrower on monthly irtsuBments of Fonds. Jf the' amoriM of tier funds
<br />hdd by Lender shall not I+c sufficient to pay taxes, assessments, insurance premiums and gtouttd-remx as they fall due.
<br />Burrower shall pay to Ixnder any amount necessary to make up the defrciency within 30 days from ttre dale nrMice;ys,maiksi
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in toll of all sums secured by tMs Decd of Trust, Lender shall promptly refund-~to BorNtN+er--any Funds
<br />held by Lender. ff under paragraph 18 hereof the Property s sold or the Prnpeny rs otherwise acquired by (.code-.' Lltrder
<br />shall apply, no later than immediately pour to the sale of the Property or its acquisition by Lender any Funds-held by
<br />Lender at the time of appppl1ication as a credit against the sums secured by this Deed of Trust. -
<br />3. A(spliruMbe d Paymesa. Unless applicable law provides otherwise, all payments receivai by lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by (.ender first m payment of amounts payable to Lcndea.hy B4rrOSrlr•'
<br />under puagraph 2 hereof, then to interest payable nn the Note, then to the principal of the Note, and [hen to interest atld~ --
<br />principal on any Future Advances. -
<br />4. CYr(Ses: Lien Borrower shall pay all taxes, assessments east other charges. fines znJ rmpositians atfriMtlabk tu.
<br />the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, ro-the.
<br />manner provided under paragnph 2 hereof or, if not paid in such manner, by Borrower making paymenb when dot, drreelly
<br />to the payee thereof. Borrower shall promptly furnish to I ender all notices of amounts ilire under this parograph, atrd_rn the
<br />event Bormwa shall make payment dually. Borrower shaft promptly furnish k? Isnder receipts eviJencing such payments.
<br />Borrower shall promptly discharge any lien whrch has pnonry over this Ueed n( Trrst: provided. that Burrower shall not be
<br />requaeJ to discharge any such lien so long as Borrower .hail agree m writing to the payment of the obligation secured by
<br />such hen m a manner acceptable to Lender, or shalt in good (soli comes( such hen hy, or defend enforcement of such lien in.
<br />legal pproceedings whrch operate to prevent the enforcement of the hen or forfeiture of the Property ur any part thereof.
<br />S. Harard Irrwrra~ce. Borrower shall keep the improvements now existing or hereafter erected nn the Properly insured
<br />against toss by fire, hazards included within the term "extended coverage", east such other hazarils as tender may requirc-
<br />and in such amounts and for such penods as Lender may require: provided, that Lender shall not require that the amount of
<br />such coverage exceed that amount of coverage reyurred ro pay the sums secured by this Deed u[ "rtnst.
<br />The insurance carrier providing the insurance shall t?e chosen by Borrower subject to approval by Lender: provided
<br />that such approval shall not he unreasonably withheld. All prcniiums nn ursurance policies sfiaB f+e paid in the r+rRnetf
<br />provided under paragraph ?hereof or, rf not paid :n such manner, by Borrower making payment, when due, directly to the
<br />itsautaoce carrier.
<br />All insurance potterer and renewals thereof shall he in form acceptable m Lender and shall include a standard mortgage
<br />claux in favor of and in form acceptable to Lender 1 ender shall have the nght to hold the policies and renewals thereo4
<br />a~ Borrower shall pramptiy furnish to L.cnder all renewal noUCCS and all rccerpts tit paid premiums. In the event o€ foss,
<br />Borrows shall give prompt nmrce to the insurance wrner east Lender. Lender may make proof of loss rf nut made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree m wnrmg insurance p«xeeds shall he applied to restoration or repair of
<br />the Property damaged. provided such resrorauon or repair n economically teas,bfe and the security of [his DeeJ of Trust is
<br />not thereby +mpaued If such restoration or repair n nut economically teasble ar :t the security of this Deed of Trust would
<br />lie impaired, the insurance pr xeeds shall be appheil to the sums secured by tMs I)xved of '(Tart, wuh the cxcrss, if any, paid
<br />to Borrower. tf the Property is abandoned by Burrower, or d Borrower fails u? respond to lender within 30 days Imm the
<br />date rrotrce is madcd by (.ender to Borrower that the :assurance carver often m scale a farm for msuranu benefits. Lender
<br />is authanzed to collect and apply the insurance pnx~eeds at Lender's option caber u> resrorauun ur repair of the Property
<br />or to the sums secured by this Deed ui Trust
<br />Unless Lender and [torruwer otherwise agree :n wnrmg. an7 ouch apphcauon of proceeds to prncipal sha0 not extend
<br />or postpone the due date nt the nwnthly msOdlmcnts referred n. m paragraphs 1 and '_' hereol or change the amount of
<br />such mstallmenta. If under paragraph I8 hereof the Pn?prm is acyuucd h} tender, all nght, title east nverest of Borrower
<br />m and to any imurance policies and m and to the proxcils ihc:rot resulting t«un damage to the Pn,perty pour w the sale
<br />or acyuismon shall p;fas to Lender to the exuut rl the sums ,ecured by thu Uccd nl Trust irnnrcili:ilely poor to such sale or
<br />acquisition.
<br />6 Preservation and Maioteuance ui Properly; Leaseholds; Condominiums; Planned Unit Developments. Bon owe(
<br />shat! keep the t'n,peny .n g,xnt rrna;r end ,hall not ~onunit .. e.:e ,,: pcnnn impart went ,~: :IcKnn: ataxy of nc~ 1'n,perty
<br />and shall comply wash [he pun-amass nt any lease d this teed of t nisi ,., or..: leasehold II this Decd of Rmr n tin a unn in a
<br />condomrnum or a panned um: dese{opment, Burrower shat! I+cdorm .dl of Born>w er~s ubhgahom umicr the declaration
<br />or covenants creating or go,enung the condurmniam ,~~: planned un+t de'. eiopment, ilia h} law, end regalauon. iii the
<br />condominium or pisnneil unu devcloprne rt. acrd umsn Went documents II a uuul:xn:unmr of panned unn dr~clupmen:
<br />rider s executed hi Bun ow rr and reconled ,ogerher sorb Ili:. (wed ~~t Ins:, the ci?vrnert6 and agreemrms ~~I such ndei
<br />shall be :ncurpa[atcd inw and shall amend end supplement the unenants and agreements of Ihu bred of I nr.; .n :f d~c ode:
<br />were a part hereof
<br />7. Protection of lxader's Security. If Borrsra cr tads rt: perform the , nenant~ east ugrcentcuis .onta~nd ur this
<br />Deal of Trust, or it any aa:mr or proceeding a ~~mmcuccd ,+hich matcr:alty at7ccn I-cnder's intrrest m the Pruprrty.
<br />including, bu! not limned tu. eminent doma;n, inw;cenc} _udc ento:,cmeul, nr arrangements or pro.cc~img, u -olc~ng ..
<br />bankrupt or decedent. then Lender at Lender's option, upon nonce :~~ Dormwer, may- mal.r wch appearenec~ dnlnu sc sir. h
<br />sums and take such aCUOn as a necessary ti? protect 1 ender's interest, ma~ding liar ma I~nrried b•. d:shu:unm n, .~
<br />roasunable error nay's lea. and emry- upon the PrapertY_ to nm6e repmo It I enter required moitgagc :m•.: n,r,.c ,:
<br />condhiun of making the loan seeureil h} thu Ik~-td of l nut. Buno~.xer shall ps} the prcntiuma reyurtcd h~ :mint.:; r, , ~.h
<br />irlxUtanCe m effect until such time as the requirement I,rt such :nwrance :e«n mate, .n accard[uuc wah Rurouei", :: nJ
<br />t.cnder's written agreement or appticablt Aaw Borrower she![ nab :hr aetot:nv ,.e ail mortgage :muranu• prrnuurvn rn the
<br />manna provided under paragraph ?hereof
<br />Any amounts disbursed by Lender pursuant to the naragraph 7 ual: nurt csi :hereon .h,,l~ neuxnr aJJn:,in:,!
<br />mJcbtadness of ~rf(?WET secured by the lycecl of Tiusl t'nles. Borrower ,urd I r~,der elver t., ;qhc: 1.-:~es ;,( p.,i men(. sr~t~
<br />amounts shalt tx+ Iw'yabEt open notice from under h? Boa ow er reyuesr,ng pay ;ascot :hrrenC. ,:;.d sl,eli fx•.u u,tc rest Ir,~:o ;hc
<br />dart of disharsemen4 at the tale payable from time to ante tin ::u!itandmg pnnc:pa' under the is;xc ..:d~ as poy incur ,~! rnn-rcv
<br />at such talc would hz xtntrary to applicable lass. m why:h esc u: ~•:rch arnaunts sh;dl heal r. k'u~~: .+c !, ighcst ~nlr
<br />permissibtt under applicable law tiiahmg contained m th:, p.u agraph ~ .h,'~ rc,;urre 1 rosier •. n, ui .~.~s cxpe use or take
<br />any OC[IOn hcrtun der,
<br />g• ImpeMtnn. I cinder may male' r e t, t,c m etc rca:,, : t c r i r~ t„, , f',.,i, R
<br />rkuit Lender af>aft gist Bunnwe .+e tw.e pr.- r n? any avkh - ipe. t- ~ uly.: b, r ~ u.. r.~ th, >7 eP ;rd E I :.;lr~, -
<br />nrterpt rn tMe. Proeenv l ~~STO~ ~~ ~~
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