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84-- -m 002199
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of PrNe1AI said Inlereal. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the 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 />L Pas& for Tana said Imsmaace. Subject to applicable law or to a written waiver by Leader, Borrower sball pa
<br />to Lender 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 ate- twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust, and ground rents on the Property, if any, plus one- tweffih of yearly premium installments for hazard insurance,
<br />plus one - twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills and reasonable 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 />stale agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assfa mknta.
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interval on the Funds and applicable law
<br />its Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution -df ,this
<br />Deed of Trust that interest 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 eaminip on Cher Flgrde Lapdf r
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Finds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the slmta metnmd
<br />by this Deed of Trust
<br />If the amount of the Funds held by Lender, together with the future monthly installments of-Funds payable to
<br />the due dates of taxes. assessments, insurance premiums and ground rents, shall exceed the amount required•to- pay frig
<br />assessments, insurance premiums and. ground rents as they fall due, such excess shall be, at Borrosisr's ooptipn - silff-
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Fort&. If the amount of the Funds
<br />held by Lender shall not he sufficient to pay taxes. assessments, insurance premiums and ground rents as -they -field due:
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the dale ncaice Ui ;%wild
<br />by Leader to Borrower requesting payment thereof.
<br />Upon payment in full of all slims secured by this Deed of Trust, Lender shall promptly refund to Borrower any,Ftjnds
<br />held by Lender. If under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender. Leader
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by Leader, any Funds` held by
<br />Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. Appiicalloo of hymemts. Unless applicable law provides otherwise, all payments received by Lender under- the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Leader by_Ildhowbr.
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the principal of the Note, and then -_ to interest and
<br />principal on any Future Advances.
<br />a. Cbmges; Liess. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to
<br />the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground teats, if at i t4al,
<br />manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly
<br />to the payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and incite
<br />event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such palummis.
<br />Borrower shall promptly discharge any lien which has priority over this Deed of Trust; provided. that Borrower shall not be
<br />required to discharge any such lien so long a% Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a manner acceptable to I ender, or shall in good faith contest such lien by, or defend enforcement of such lien in.
<br />legal ppmceedmgs which operate to prevent the enforcement of the hen or forfeiture of the Property or any pan thereof.
<br />S. Hasid Ism raace. Borrower %hall keep the improvements new existing or hereafter erected on the Properly insured
<br />against loss by fire, hazards included within the term "extended coverage and such other hazards as Lender may require
<br />and in such amounts and for such periods as Lender may require: provided, that Lender shall not require that the amount-of
<br />such coverage exceed that amount of coverage required to pay the sums secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided,
<br />that such approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the na mmir
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the,
<br />insurance carrier.
<br />All insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender 1 ender shall have the right to hold the policies and renewals thereof,
<br />and Borrower shall promptly furnish to 1 ender all renewal notices and all receipts of paid premiums. In the event of loss.
<br />Borrower shall gave prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br />the Properly damaged, paovtd aon ed such resturat of repair n economically feasible and the security of this Deed of Trust is
<br />not thereby impaired If such restoration or repair is nut economically feasible or if the security of this Deed of Trust would
<br />he impaired, the insurance proceeds shall he applied to the sums secured by this Decd of Trust, with the excess, if any, paid
<br />to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the
<br />date notice is marled by 1 -ender to Borrower that the insurance carrier offers to settle a claim for insurance benefits. Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />OF postpone the due dale of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments. If under paragraph 18 hereof the Property is acquired by Lender, all right, title and interest of Borrower
<br />in and to any insurance policies and in and ao the proceeds thereof resulting from damage to the Property prior to the sale
<br />or acqulmilon shall pass to I -coder to the extent of the sums secured by this Deed of Trust immediately prior to such sale or
<br />acquisition.
<br />C Pnwna* m and Mahmeaanee of Properly; Lessebolds; l'ondomiai saw PWrad Unit Developmem s. Borrower
<br />,hall keep the Property in good repair and +hall not commit waste oa permit ampuument or deterioration of the Properly
<br />and shall comply with the provisions of any lease if this feed of Trust is on a leasehold. If this Deed of Trust is on a unit in a
<br />condominium or . planned unit development, Borrows, shall perform ail of Borrower's obligations under the declaration
<br />OF co —Gant, :rc.luiig or gu:crriing the or planned ;::at development, the by -laws and regulation% of the
<br />condominium or planned unit development, and constituent documents It a condominium or planned unit development
<br />rider is executed by Borrower and recorded together with this Deed of 1 rust, the covenants and agreements of itch rider
<br />shall he incorporated into and shall amend and supplement the covenan s and agreements of this Deed of "Trust a% if the rider
<br />were a part hereof
<br />7. Protrctlon of Leader's Security. If Borrower fads to perform the covenants and agreement contained in this
<br />Dead of Trust, or of any action or proceeding is commenced which materially affects lender's interest to the Property,
<br />including, but not limited to, eminent domain, msoiver c}. code enforcement, or arrangement or proceedings involving a
<br />bankrupt or decedent, then Lender at Lender Ls optatm, upon notice to Burrower, may make such appearances. duhur>c suds
<br />sums and take such melon ac neeessa rs r„ pored I enders omere%i including, but not limited to, disbursement of
<br />reasonable attorney's fees and entry upon the property to make repairs If Lender required mortgage insurance as a
<br />condition of making the loan secured by this teed of Trust, Borrower shall pay the premiums required to inamtam such
<br />insurance in effect unml such time as the requirement for such insurance terminates to accordance with Borrower's and
<br />Leader's written agreement or applicable law Borrower shall pas the anoounn of all mortgage insurance premiums in the
<br />manner provided under paragraph � hereof.
<br />Any amounts disbursed by I ender pursuant to this paragraph 7, with interest thereon shall he- e additun it
<br />nildebtadness of Borrower secured by this Loud of Irma l'niess Borrower and I ender agree to other terms of payeeut. such
<br />amounts shall he payable upon notice front Lender t+ Burower requesting payment thereof. and shall heat nuerea In nm fill,
<br />date of dillaursrrnsmnt f t the rate payable from time na time on outstanding prmcipal under the None tint, payment of Interest
<br />at well rate would be contrary to applicable law, in which event fch anmouna, ,hall hear interest at the highest rate
<br />permimuble under applicable Iaw Nothing zunEaimed in this paragraph ' shall i v(tnfe Lender to incur at" a %pens% or take
<br />any action hereunder
<br />L hgaetlM. lender may make or ..use to he made reaaamable emnes upon and fnspecbons of the Piof> tv 1--ded
<br />that Lander shall gave Borrower nonce prior to any such omspe ••bon specdymg reaa.onah!r cause theretor +rtaied io 1 ender ,
<br />.nterat in the Pruaetty
<br />0 O_: 1, Safi
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