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<br />83-0U2560
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<br />UNIFORM COVENANTS, Borrower and Lender covenant and agree as follows:
<br />,I. P8fment of Prindpaland Interest. 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 />Z. Funds for Taxes and Imurllnee. Subject to applicable law or to a wrillen waiver by Lender, Borrower shall. pay
<br />[t:J Li:uGer on the day ment.'l!Y instaUmen!s of principal and inreresf are payable under the Note, until the Note is paid in full.
<br />a sum (herein "Funds") equal to on~-twelfth of the yearly taxes and assessments which may allain pnority over this
<br />Deed of Trust. and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance.
<br />plus ODe-twelfth of yearly premium installments for mortgage insurance, if any. all as reasonably estimated initially and from
<br />lime K time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institutinn the deposits or accounls of which are insured or guaranteed by a Federal or
<br />slate agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxe~. assessments.
<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 a"",,,sments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of 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 earnings on the Funds. Lender
<br />shaff give to Borrower. without charge" an annual accounting of the Funds showing credits and debits to the Funds-and-the
<br />purpose for which each debil to the Funds was made. The Funds are pledge<l as additional security for the sums secured
<br />by this Deed of Trust.
<br />I( the amount of the Funds held by Lender. together with the future monthly installments of Funds' payable prior to
<br />the due dates of taxes. a..l\5essments~ insurance premiums and ground rents. shaH exceed the amount required to pay satd taxes~
<br />auess.ments. insurance pre-miums and ground rents as they faH due, ~uch excess shall be. at Borrower's option. either
<br />promptly repaid to Borrower or credited to Borrower on momhly installments of Funds. [f the amount of the Funds
<br />held by Lender shall not be sufficient to pay talif'~, assessments. insurance premiums and ground rents. as they faU due.
<br />Borrower s.hall pay to Lender any a.mount necessary to make up the deficiency within 30 days from the date notice is. mailed
<br />by Lender 10 Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by thIS Deed (\1 Trust. Lender sh..1\ promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 h~re(lt lhe Property !~ s-old (l-r the Property IS ot~crWISc acquired by Lender. Lender
<br />shalf apply. no later than immediately p-nor to the salt: ot the Property or tIS acquisition by Lender. any Funds held by
<br />Lender at lhe time of application a! a credit again5t the- sums secured by this Dt..---ed of Trust.
<br />3. Application of Payments.. UnJe~s applicable law provides othcf'\'lse, all payments received by Lender under the
<br />Note and paragraphs J and 2 hereof shaU be applied hy Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof. then to interest payable on the Nf~te. then 10 the prinCipal of the Note. and then to interest and
<br />prlndpal on any Future ,,",dvances.
<br />4. Charges; l.iens. Borrower ~haH pay :lH taxes. as~essments .1nd Nher ...-harges, fin~s and impositions attributable to
<br />the Property which may attain a priority over this Deed of Trust. and lea.."\ehold payments or ground rents. if any. in the
<br />manner provided under paragraph 2 hereof Of. jf not paid in such manner. by Borrower making payment. when due. directly
<br />to the payee thereof, Borrower shall promptly furnish to Lender all nOllce~ of amounts due under fhis paragraph. and in the
<br />event Borrower shaH make payment direc:1iy. Borrower shall promptly f tlrnlsh to Lender receipts evidenc-mg such payments.
<br />Borrower -shan promptly discharge any lien which has pnority over t~,~ Deed (It TflIst; provldeu. that Borrower shaH not he
<br />required too dnc.harge any such Hen so long ;:i~ Borrower !'.hali a~ree III \.I.-ruing 10 the paymcl11 of the obligation scc-u~cd ?y
<br />such lien In a manner acceptable to Lender. or shaH lO good faith COOlest such lien by, or uefeno enforcement of such lIen m.
<br />legal proceedings WhlCh operate (0 pre\lC'nt the, cnfor':Cfficn( 01 Iht: lien t.'f (nr(cllUre of the Property or any pan thereof.
<br />S. HaartlIMtmlDce. Borrower ~han keep the Improvements now C?{ISling Of hereaher cTc~ted on the Property insured
<br />olgainst loss by fire. hazards induded within the term "extended ;;;\n..'er~gc" , and ,w.:h ()ther hazarus -a~ Lender may require
<br />and in slk:h amounts and for such periods ,tl.:. LcncJcr ma.y reqUIre; pri..wldcd. that Lender shall not reqUire that the amount of
<br />"u.I{:h coverage exceed that amount (If (;{.werage n:qtllrC"u to p..} the sum-s ~ulred by this. Deed of Trust.
<br />The insurance carrler provuJing tht' ifi'.\ufaiii.:C shaH be ..:h(l....etl 0.,," B~)rrower suVjcl'l h} approval by t coder: provideu.
<br />that such approval shaU not be unreasonahly "A-Ithheld At! prenuu!ll.\ on lIbur~nce pohcies shall he paid in the manner
<br />provided under pa.ra&ra.ph 2 hereof Of, It not pald III 5ud, manner. hy RtlTrower making payment. when due. directly to the
<br />insurance carrier.
<br />AU insurance policies and renewab thereOf shall be Hi ivrm a~;.-t:ptdble 10 Lender and -s.hall include a standard mongage
<br />clause in f......or of and in form ac~~ep-tabk to Le:-ndec Lent.ler ~h-",H have the nght to hold the- policies and renewals thereof.
<br />and Borrower shan pforuptly furnish tl"'l Lender all rene";)l !H..ltin..... and all fecelpi:S ("'if pond premtums. In the event of los!\.
<br />Borro\Vel' shaH glve prom pi notice 10 the mM.uan-cc ~-urflcr and t,-emlcr Lender may ma.l.e proof of ItlS-~ j( not made promptly
<br />by Borrower.
<br />Unle$.S Lender and Borrower i..Hh-erwlsc agt1.."e in w'ntlng. ltiM1f:'Ul~-(; pHx~ced~ shali he applied to rcsloration or repaIr of
<br />the Property damaged. provilied sw.:h re-Morahon or n:p.itf 1\ C-UmOlHH.,-atly fea!'l.ihtc ~tnd the ~\""lIriiy of thlS Deed of Trust is
<br />not thereby impaired. If su{,:h n:s.lQrall\}1l or rep.-if t5. mll CCOlh_lE1U..'iaUy ka.'S.lbk:: i.-H d th~ ~e\;:ufjty of thIS: Deed of Trust would
<br />be Impaired, the inwrarn;c proceeds shall be apphed to the ~um~ ~e.:ured by this- I~d of "1 rust. with the excess. if any, p~uu
<br />to 8offvwer, Jf the. Property is. abandoned hy Borrowtr. tif if B-orrtl\'\-a Lul-s. to r~~pond III Lender wifhin 30 days from the
<br />date noti1;C: is_ mailed by Lendc:-f to Borrower that {he m:ii.urant::e ~.uncr 'lItfer~ to settle .t daim for Insurance ~nefhs. Lender
<br />is authoriud h) collect and apply the insurance pfl..li.:\."C-d~ .It I.ender'~ oplion l"jlher to restoration or repair of the Property
<br />or to the sums secured by this Deed nf T rusL
<br />UnlC$S Lender and Borrower otherwJs.e agree In ""'fitiol(, .111) ~uch ~pp-1H.:allon t11 pr~xeeds to principal shaH not extend
<br />or postpone the due dale- fJf the month.)' in~tallmenb rdeneJ I(l in paragt.tph-s J and 2 hereof or ~hange the amount 01
<br />!iouch in$taUmenlS. If under par>>,graph I h hereof the PrvpcH~ is. a~qwf('d hy Lcndt'r. .111 right, title and interest of Borrower
<br />in and 10 any insurance policies and in and to the. i-'m.)(et.--d~ thcn:l,}f Te)Ultlllg trom damage to the. Propert)' prior to [he sale
<br />or acquisition shall pa.$S to Lender to lhe extent of the ~UI11S ~CUfCU (\~ thi). Deed of Trust immedlate)y prior to such sale or
<br />acquisition.
<br />6. Pnservatiom aad MIolale""""" of Propert,; Leueboklo; C""domlniun..; PI....""d Unit Developmenls. Borrower
<br />~haU keep Ihe Property ~n goo~ repair, and shall not ~uIlH1Ht \\ a.ste t~r pC"fll\it imp.:urmcnl Of d..~terinralion of the Property
<br />and shatl comply with the prm!lsiom of any lease- if {h~s Deed of Trust ~s on a leasehold. If this Deed of Trust is on a unit in a
<br />condomimum or ~l planned unit development. Borrower ~haII peaorm -dll of Borrower's obligations under the dedaration
<br />or (..'OVen&nts creating or governing the condominium or planned unit development. the hy~law-s and regulations .('If the
<br />c.ondominium (,1-t planned unit development. and cOnslHuem documenh-~ If a condominium or planned unit d~\'d(lpmen[
<br />ri-der i-$ uecutcd by Borrower and recorded together with thi~ Deed of Trust. the cO\renants and agreements of MICh rider
<br />.mall be incorporated into and shall amend and supplement the ~o\'cnatlt5, and agreements nf this Deed of Trust as jf the rider
<br />were a part hereof.
<br />''I- ~ of Leadei"s Securit)'. If Borrower fails to perform the ,;;o"l"cnants and agreements i..'ontaincd in thi;..
<br />~ of Trust. Qr if any action or proc-ceding is comllle-n~ed wbkh materially atfecb lender's interest in the Property,
<br />mdudi~ but nothmitcd to" eQ1inern duoUlin. insoh'cnc}. code enforcement, or arraogcmenb or proci.>cdings involvmg a
<br />bankrupt Of decedent) then Lender at I~ender~s option. upon notke to florrower. may make such appearances. dishuN.c 1iuch
<br />lillm. A.OO. ta~_e SUC~_ action 3.$. is neces.sar} to prote\:( Lender's intercs.t, indudiog~ but no.! limited to. d!~hur:!oement ;,)f
<br />~ble aU01~ $.- foes. and entry upon the Property to make rep-am;, _ If lender reqUired mortgag~ UlS\Ham.'c 3\ a
<br />""I>!lilion or making the loan WlCured b)' thi> Deed of Ttust, BoTtow.r ,h..1! pay the premium. required to maintain ,""h
<br />i~ in effect untit t-uc.."h -til:l1C as tM requirement for such insurance lcrminatt.'-5. in accorda.nce Wiih Borrower's and
<br />~.... ..~$ tnl., 'uen.",,_. "t o~ applkable. law. Ik1rrower shall pa)' the amount of aU mortgage illsurance premtUllt\ in (hI:
<br />Ol~ PfUVidlld uOOI!l paraarapb 2 hereof.
<br />o. ^^.f1f1Y ll!1 amou._ _ nts_,-diS-bu-ned by Le,odf:r ponUiI"l l;J tht~_ paragraph 7, with inter-e-st Ihere'!..H:_ shall hc~ol1tc additloJl<l!
<br />~ of 8<ltTl;~r "",ured by thlll Deed of Tru" Unl.." Borrower and Lendet agree to other term; "r p")l1Ien'. SIKh
<br />~ ,thaD be payable: u.pon O(llk-(' foom lender to 8vno-wer requcMing payment there-of. and ~hal1 bear Imere.st from the-
<br />dalll of ~ 161 tbe rtlt!C plIyable from t.1me 10 time on out.slanding principal under Ihe Nole unless payment of illtere,t
<br />lit _II rlllt ~ boo <'''''trary to appl",,."'" law, in which ""ent ,u"h amount; "mil bear intere't at lhe highest rale
<br />per~ ... applicable !II",. Notbing contOlned in lhi., pa'agral'h 7 sh..a require Lender l<} ill"ur allY expen.e or take
<br />any
<br />, ~ ma) make i,)f L{lL~ to -Pc made reas..)rHtNe {'-fanes UpiJt\ .in,-! .m,pe\. [Ima oi the PropeIly, pft1\ !,-le\1
<br />tbAl, l~, Bt)m"lWer not," pf":fvr to llny !luck iru.pe.ctJ\.'n ~pei:tfytng ITail0nabk canst thcrefUt rebted h~ 1 ('fjdc-r'~
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