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<br />I,)NIFORM Covetrarrts. Borrower and Lender covenant std agree as follows: ~ 002131
<br />1. Paymastt d Ptiotipl watt Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />rrideMtdoess evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />tin an Future Advances secured by this Deed of Tnist.
<br />1 RaatY fx Taw ad lataaattws. Subject to applicable law nr to a written waiver by Leader, Burtower :hall pay
<br />to Lender on the day monthly installments v( principal and interest are payable under the Note, until the Note is paid in full.
<br />a sum {heron "Funds") equal to tine-twelfth of the nearly Lasts and assessments which may attain prrority over this
<br />Deed of Trust, and ground rents on the Property, d any, •plus one-twelfth of yearly prcmmm installments for hazard insurance.
<br />plus orte-twdtth of yeuty premium installments for mortgage insurance. if any, all as reasonably estimated initially and from
<br />time to tune by Lender on the bate of astesstnents and bills ;ind reasonable estimates thereof.
<br />The Furls shall be held in an itutitution the deposits o°' accounts of which arc inatued or guaranteed by a Federal or
<br />state agency (including Lender i( Lender is such an institutiont~ Lender shall apply the Funds to pay said razes, assessments.
<br />tnsuraritt premiums and ground rents. !.ender may nor charge for so holding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessments and trills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lendu to make such a charge. Borrower and Lender may ague in writing at the nine of execution of [his
<br />Deed of Trust that interest on the Funds shall Ix pad 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 borrower, without charge, an annual accounting of the Funds showing credits and debits to Efie Funds and the
<br />purpose for which each debit to the Funds was made. The Funds arc pledged as additional security for the sums secured
<br />by this Deed of Trust.
<br />If the amount of the Funds held by Lender. together with the future monthly imtaltments of Funds payable prior to
<br />the due data of axes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said lazes.
<br />assessments, insurance promrums and grnrnd rents as they fat; due, such excess shall ',x, at Borrower's option, either
<br />promppttly repaid to Borrower or credited u. Borrower an monthly tnstallments of Funds. -f the amount of the Funds
<br />held by Lender shall not lx sufficient to pay lazes, assessments. +nsurance premiums and groutd 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 thrs Deed of Trust. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 28 hereof the Pmpeny rc sold or the Property rs otherwise acquired by Lender, Lender
<br />shall apply, no later than immedutely poor m the sale of the Pmperry or us acyuisibon by Lender, any Funds held 6y
<br />[..ender at the time of application as a credit against the sums secured by tfirs Deed of Trust.
<br />3. ApplieaAao of P'ayasnls. Unless applicable taw prov,iks otherwise. all paymems received by Leader under the
<br />Note and paragraphs I and 2 hereof shall tie applied by t ender first in payment of amounts payable to Leader by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Mute, then to rho prinapal of the Note, and then to interest and
<br />pnnci al nn any Future Adrat>ces.
<br />P. CYasRes; Lka Borrower shall pay all taxes, assessments anal other charges, fines and impositions attribulabk to
<br />the Property which may attain a penury aver this Deed of Trust. and leasehold payments or gmurtd rents, if any, fn the
<br />manner provided under paragraph ? hereof or, d rzot paiil in such manmr, by Borrower making payment. whin due, directly
<br />to the pays thereat. borrower shall promptly furnish to Lender till notices of amaints due under this paragraph. and in the
<br />event Borrower shall make paymem directly. Borrower shall promptly furnish to Lender reeeipU evidencing such payments.
<br />Borrower shall promptly dtscharge any lien which bas pnnrny over this Deed of Trust; provided, that Borrower shall eat lie
<br />required to discharge any such lien u, long a. Borrower shaif agree m writing to the payment of the obligation secured by
<br />such ben m a manner acreplable u+ Lender. or shall in good faah contest such hen hy. or defend enforcement of soch lien in.
<br />legal pproceedings which operate a, prevent the enforcement of the hen ur (orfciture of the Property or any part thereof.
<br />S. Hoard laanraase. Harrower shaft keep the imprcwcmevts now exisitng yr hereafter steeled an the Property insured
<br />against loss by fire, hazards included within the term "rttended coverage'. and such other hazards as Lender may require
<br />and in such amounts and for such prnods as f xvder may rcquue; pronded, that Lender shall trot require that the amount of
<br />such coverage exceed that amount vC cvsr•rage required to pay rho sums secured by this Deed of Trust.
<br />The inaurarrtt carrier providing the insurance .hall tx: rhvsen try Borrower subject W appreval by Lender. provided,
<br />that wch approval ahaB not be unreasanabty withheld All premiums on iriwrance polities shall be paid in the mattes
<br />provided uodar paragraph 2 hereof nr, tf eat paid in such manner, by Borrower making payment, whin due, diKCtly to the
<br />itrwraoee nrrier.
<br />All insurance palrcies and rcnewah therwt shalt he in Iaxm acceptable to Lender and shall include a standard mangage
<br />clause in favor v( and in form acttptabie to Lender Lender shalt have the right to hold the policies and renewak ihermf.
<br />and Borrowsr shalt promptly furnish to Lender all renewal micas and all tempts of paid premiums In the event of Mss.
<br />Borrower shag give prompt naive io tfis msurausc ~arrrer anal Lender. Lender may make proof of toss if not mach proatply
<br />by Borrewer.
<br />Uekas Lender and &xmwsr otherwise agree rn witting. inurranre prviceesh shalt lie applied to restoration w repair of
<br />the Property damaged, prortaled such restoration yr repair is ea:arwmicatty feasible and the security of this Dixd of Trust is
<br />not thereby rmpaired. If such restoration or ropair is ova rconomicatty feasible yr d the security of this Dted of Trust would
<br />tx impaired, its itiwraiice prncttds shaif tie appiieil to the sums secured by this Deed of Trust, with the excess, if any, paid
<br />[u Borrower. !f the Property is abandoned by &vrrawer, or if Barrvwcr facts tD respond to Lender within 30 days (tam the
<br />data notice is mailed by Lender to Borrower shat ttic insurance earner aRers to settle a claim for insurance 6ene(lts, I.entfer
<br />is authorized to collect and apply the ituurarics prsxeeds at I_endei s apttoti erther to restoration or repair of the Properly
<br />or to the sums xcerred by this Decd of Tent.
<br />Unless Lttder aril Borrower alarrwise agree in wnung, any such application of proceeds W principal shall red extetd
<br />or tptttte the due date of the monthly installments referred to in paragraphs i and :hereof or change the amount of
<br />such installments. If under paragraph 1 ri hercaf the Property is acquired by Ixrider, all right, title and interest of BMrawr:r
<br />in and to any insurance policies and m and to nc~ prc+ceeds thereof resulting from damage to the Property prior to (he sale
<br />ur acquiwtian shall pass to Lerder to the extent n! the sums secured by this Decd of Trust immediakly prior to such sale or
<br />a~ ~ PrwsrraYoa and Naialeaaace of Property; l.ereYOltis: ('uwduriaiara: Phawtl Url Dtnttlapsaaats. Borrower
<br />shall keep the Pmpeny in gvnd mpau and shall not ac~rnm,t waste yr ptrnnt impairment ur iktermratmn of the Property
<br />and shag comply wah the prorisiam of any kale if this IXed of Trust is on a leasehold. I(this Deed of Trust is wi a unit in a
<br />coidomininm ar a plaoried amt deveivpmenl Borrower shaif perform uH at Borrower's vbligatiom under the dectantion
<br />or cnvstunts crpsine yr governing the cvndvmmiuni or nianiud anti deveivpmenl nc~ hy.laws and regtilalions of the
<br />rondarninium or piaened once development, sod cnnstnuen: documents. If a andnmiaium or pLnned unit developmamt
<br />rider is aae+cuted by Borrower and recorded rogetlier wuh this Deed at Trust, the covenants and agreements of such rider
<br />shall tsc intxrrporated men and shag atrnid and suppknmu the covenants and agreements of this Decd of Trust as if the rider
<br />were a pan tiueo[.
<br />?. lrrMSCYas. of l.eatisr's see..lty. IC Borrower fa,ls to perform the covenants and agreements contained in this
<br />Deed of Trtnl or if any action or proi;eedmg is commented which materially affects Lender's interest in the Properly.
<br />iirclrldtng, tiW not Itrmted to, eminent dnmam, insolvency, code tnfarcetnenl or arrangements or proceedings involving a
<br />tianktuPt nr decedent, then Lender at Lender's opton, upuo ounce to Borrower, may make such appearances. disfiurse such
<br />sums and take tari:A attion as is necessary to protect L.ender's enteral including, but ram limned to. disbursement of
<br />tcrooable axtorney's fees std entry upon the Property to make repairs If !,ender requrrcd mo~ga~C insurance as a
<br />coAiitfon of maltfog the loan secured t+v this heed of Trost. Borrower shaft pay the premiums required to maintain such
<br />iiWtrarlCe in effect until such time as the requitettient far such ,nsurance terminates in accordance with Bornswer`s and
<br />F.sadet'a written sgrsavoew or applicable law Borrower shall pay the amount of all martgago insurance premiums to the
<br />tisttttiar p-miiled urdar ptagtapfi 2 herwf.
<br />An~y~ atnoura disbursed by 1_ender pursuant to this paragraph 7, with inrereat thettan, shall bttrome additional
<br />indabredrtea of ltttrower stxured by this Dead at Trust. t?mess Borraaver std Lender agree [n other terms of payrtienl siu;h
<br />antnnrna (halt Nt payable upon tlvlice from Lerder to Bctrrvwer requesting payment nc~rt.y[, and shah boar interest tmm the
<br />dale off Ysllpaarent a the tam payable from rims to time nn outstanding principal umkr the Note unless payment at inKrpt
<br />at rwch cafe ssordd be contrary W applicable law, in whreh evem soch remounts shall hear mterost at the highest rate
<br />pssat+ati6ia Hader applicable taw. Nothsng cnsiitarntd in this paragraph 7 shall require Lender to incur any acperne yr take
<br />any acttiaa ItraWldq'.
<br />•. h~saYass, i:ender may make a cause to be made rcasariahk tutees iipcui and inspections of the Pmpertr. ppmvukd
<br />the l:aitdp shag give Botrowsx riatice print W arsy such iaspecxinii spadysng reasonable esiise tMrrcfvr iafstad ,in L,eieder's
<br />cntesatit in the Prowev. '
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