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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />J.' Payment of PrIndpallUld lo"'rest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by Ihe Note, prepayment and lale charges as provided in the Nole, and the principal of and interest
<br />on an] Future Advances secured by this Deed of Trust.
<br />... Firmfi fin TiiAGi iiiid IUMUijdce. Subj~t to appJkabfe law or to a written waiver by Lend-...r, Bcm:twer sha!! p~y
<br />10 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 one-twelfth of the yearly taxes and assessments which may attain priority ever 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 one-twelfth of yearly premium installments for mortgage inSt'rance, 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 thereot.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including lender if Lender is such aD institution). Lender shall apply the Funds to pay said tax.es. 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 assessments and bills, unl...s Lender pays Borrower interest on the Funds and applicable law
<br />pennits 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 />shall 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 debit 10 the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Deed of Trust.
<br />If lhe amount of the Fund. held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, a.,qessments. insurance premiums a.nd ground rents, shall exceed the amount required to pay said taxes.
<br />assessments. insurance premitJms and ground rents as fhey tall due. such ~xcess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by lender shall not be sufficient to pay taxes. assessments. insurance premiums and ground rents as they fall due,
<br />Borrower shan pay to Lender any amount 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 of TrusT. l.cnder shall promptty rcfund to Borrower any Funds
<br />held by lender, If under paragraph 18 hereof the Property" sold or the Property IS otherwise acquired by Lender, lender
<br />shall apply. no later than immedIately prior to the sale of the Property or its acquiSition by lender. any Funds held by
<br />Lender at the time of application as a credit against the sums secured by Ihis Deed of Trust.
<br />3. AppIkadon of PaymenlS. Unless applicable law proVIdes otherwise, all payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shan he applied by Lcnder first In payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof. then to tnte_rest payable on the Note. then to the prIncipal of the Note. and then to interest and
<br />prmclpal on any Future Advances.
<br />4. Chaq:~ 1M'" 8orTower ..hall pay all (axes, i1sse-.'\$ment~ and other charges. fines. and impositions attributable to
<br />rhe Property which may altain a prionry over Ihis Deed of Trust. and leasehold payment! or ground rents, if any. in the
<br />manner provided under raragraph 2 hereof or, if not paid 1n such manner, by Borrower making payment. when due. directly
<br />to the payee thereof. Borrower shall promptly furnish to I.ender all nollces of amounts due under this paragraph, and in the
<br />event Borrower .hall make payment dtrectly, Borrower shall promptly furnISh to Lender receIpts evidencing such payments.
<br />Borrower shall promptly dischaTF any lien which ha. pnonty over thl> Deed oi Trust: prOVIded, that Borrower shall not be
<br />reqUited to diK-hargr any \uch hen so tong as Borrower '\haH agree in writing to the payment of the obligation secured by
<br />s.uch lien In a manner acceptable to Lender, \)1' "haH In good f.;uth c,)Ote-sf such hen by, or defend enforcement of slIch lien m.
<br />legal proccediop which operate to prevent the ~nton;emen( of the lIen Of forfeiture of the Propeny or any part thereof,
<br />s. HaanllJml~.. Borrower shall keep the Improvements now CXIs-tmg or hereafter erected on the Property insured
<br />against Iou by fire. haurds included wi1:hin the term "extended Love-rdge". and ~uch olher hazards as Lender may require
<br />and 10 such amounts and for ~uch pcrKlds as Lender may reqUire; pr-ovu.lcd. that Lender :"ihall not require that the amount of
<br />..uch coverage exceed that amount of c.overage reqUIred w pay the: sum'i. ~Cllred by thIS Deed of Tnlst.
<br />The insurance carner prOVIding the in-sur-ancc \hall he ..:hown hy Borrower subject to approval by LendcL provldeo.
<br />that such approval shall not he unrea""nably w'thheld ""II prem,u,m on IIlsurance policies shall he paid in the manner
<br />provided UQder paraaraph 2 hereof or. if not paid in s-uch manner. h~ BorrtJwer making payment. when due. directly to the
<br />insurance carrier.
<br />All insurance policies and f.eno~als thereof shaH he to loem accC"pt.abte 1,,1 I_cnder and shall mclude a standard mongage
<br />dauSot- in favor of and in form <K:",_eptabfe to Lender Lender 'j.haU have the right to hold, the policies and renewals thereof.
<br />and Borrower shalt promptly furmEn to Lender aU renewal notiCe\. .J.od all rcct'tph of palo' premiums. In the event of loss.
<br />Borrower shall gwe prompt nottcc 10 Ihe lO&uraJ1i:e ~aifK::r anJ Lent.kr. Lender filiiY make proof of loss If not made prompt I)'
<br />by Borrower.
<br />Unless Lender and Borrower olher"\;lse agree in v.--fltHlg.. m~uram:c: pfO\.:eeds !'ohali be apphe-d 10 f'~loration or repair of
<br />the Propet1y damaged, prO\"Jded s.uch restoration or repair i\ ~l"..l~non\l~itUy fea.sible and the security of lhls Deed of Trust I~
<br />not thereby impaired. It such restorallon Of repair is not tt\.)fl()Il1KaHy feaSible lH If the ~~urity of this Deed of Trust wouiJ
<br />be impaired, the insurance proceeds shaU be applied to the lunh s~ured hy this. Deed of Trust. With the. exccs.'il. if any. paid
<br />to Borrower. If the Prop.:rty is abandoned by Borrower. ,If If Borrower Luis. to respond to Lender withm 30 days from the
<br />dale notice i$ mailed by Lender to Borrower that the lO~uram;:e ~.arner offers to settle a dalffi for insurance benefits. LenJer
<br />is authorized to ~Uect and apply the insurance proceeds at Lender's uptlon euhe-r hl it."$toratl-Ofl or repair of the Propen)'
<br />or to the sums secured by this Deed of Tru>t
<br />Unless Lender and Borrower otherwise agree In wrulog. any ~uch apphcauon l)i proceeds (0 principal shall not extend
<br />or postpone the due date of the monthly imtallment. rderred to III paragraphs I and 2 hereof or change the amount of
<br />lIlICh installments. If under para&faph I g hereoi the Properly" a""ulred by I.ender, all tight, title and interest of Borrower
<br />in and to any insurance policies and III and to the proceeds thereot resulting irom damage to the Property prior to the sale
<br /><>r acquisition shall pass to Lender to the extent oi lhe sums ...:ured ,,, th,. Deed of Trust immediately prior to such ..Ie or
<br />a.cquisition. .
<br />6. ~ IlIICI MaIlaleuanu of Propert,; k_lIo1ds; Condominiums; Planned Unit DenlopmenlS, Bonower
<br />maH keep the- Property to good repair ~nd ...hali Hul COOllrul ....astc i,\r pcrm-ll impalfment or deterioration of the Properly
<br />and shalt comply witb the provisJons of any lease if Ihis Deerl of Trust IS on.a leasehold, If this Deed of Trust is on a unit in i:I
<br />condominium or Oil planned unit development, Borrower shalt perform all of Borrower's obligations under (he declaration
<br />or COVenants creating or governing the condominium ur planned unit development. the by-laws and regulations of the
<br />condominium or planned unit development. and cons-tltuent documents.. If a condominium or planned unit developmenl
<br />rider is executed by Borro-wer and recorded together y,;ith this Deed of Trust, the co\'enants and agreements of such rider
<br />shall be incorporated into and shall amend and supplemc-ot the covenants and agreements of this Deed of Trust as if the rider
<br />were a pan hereof.
<br />,. ~ of t...eadet's SKuril)', If Borrower bib: to perform the covenants and agreements -contalIlcd in this
<br />~ ~C Trust, or if ~y action or proceeding is commenced which matenally affects Lender's interest in the Property,
<br />incllJdin.& but not limited to, ("mineot domain~ insolvcnc). code e:nion.:e:menl. or arrangement.s Of proceedings involving a
<br />blnkropl or decedent, then Lender at Lender's option, upon notice to Borrower. may make such appearanc.., disburse such
<br />.uma. and take: $oucb action as is necessary' to protect l.ender's interest, including, but /'lor fimiled to, disbursement of
<br />~bIe aU<>rJJe)'.s fees and entry upon ,tbe Property 10 make repairs. If Lender re<J~ired mortgage insurance as a
<br />con<tition of maltini the loan JeCUred by this Deed of Trust. Borrower shall pay the premIums reqUired tn mainta", such
<br />J'*U'aJ'lCt> in effect until such time &$ the :requiremem for such insurance terrnioat~$ in accordance wilh Borrower's and
<br />~.l ...titlen ~.. ~ or applicable law, Borrower shall pay the amount of all mort/l8ge in.uranee premiums," the
<br />__ provided ~ ~ph 2 berw!.
<br />Nt)' _ll!$ d&buned by L"nder pu....uant tn thIS parallraph 7, with IIltcrest thereon, ,hall hec",ne .dd,o"nal
<br />i~ oJ Borrower MlClIred by this I'Jeed of TrusL Unless Borrower and Lender agree tn otber terms nf payment, such
<br />aJDOOfl& WI! boll pe)'able upon ootil:>> fr_ I.Aln<ier 10 80nnwer re<JUCltinll paymcnI theTe\)f. and shall bear inte....t flOm the
<br />date of ~ alIbi,; ,.k payable from time tn time on outstanding prlOdpal under the Nore unl".. payment. of inlcrest
<br />at _il,"" ~ be ''OIItraO' to applicable law, in which event such amOunt. shall bear interest at the hlgh""1 rate
<br />perrnHlllb\e Im4et applkable law. Notbinl cnntained in thIS paa&fllph 7 ,hall requlfe tendar to incur any expense or ta.ke
<br />on)' IICtkttl~.
<br />.. ~ _l~r may_ ~);t {)'f ,\:au~ In be mll~e re~n.bk ('-'?trj~ ~:!JXm and inspection,!! of the PrQper1)'. pnwiJ('~
<br />~ut ~ _... _...- 80~ 1lQt~c-~ pnor to "NY l'U(:h ftllpcc:;iion !l-peclfyWg rell~-t1nlbte Citu$C therefor related h.1 Ltmdcr ~
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<br />83- 002562
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