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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />.1. Payment of Principal ami Interest. Borrower shall promptlv pay when due the principal of and interest on the
<br />indebtedness evidenced by t!leNote, 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.Fnudsfor TlD;eslllld IDllUl"llnce. . Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly instaHmcnts of principal and interest are payable under the Note, until the Note.ispaid in full,
<br />a. sum {herein "Funds") equal to one, twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust, ;uldgrol.lnd rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />Plusone-lWelftlJofyearlypremium instaUments for mortgage insurance, if any, alllls reasonably. estimated initially and from
<br />time to timji: by Lender on the basis of assessments and bills. and reasonable estimates thereof.
<br />The Funds shall he held jnan institution the deposits or accounts of which are insured .or guarantced by a Federal or
<br />state agency (induding Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes; assessments,
<br />insurance premltll'lls and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying andcompUing said assessments and bills. unless tender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such II charge, Borrower and Lender may agree in writing al. the time of. execution. of ..this
<br />Deed of Trust that interest on the Funds shall he paid to Borrower. and unle~s sllch 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 to the Fund.s was made. The Funds are pledged as additional security for the slims secured
<br />by this Deed of Trust.
<br />If the amollnt of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />Ihe due dates of taxes, llsses-~ments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents ;IS they fall due, sllch excess shall. be, at Borrower's option. either
<br />promptly repaid to BOlTower or credited It> Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall fIe)t be sufficient to pay taxes, assessments. insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to Lender any amount ncccssary to make up the deficiency within 30 days from the date notice is mailed
<br />by tender to Bclrt"Ower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trus!. Lender shall promptly refund to Borrower any Funds
<br />held by Lender, U undc~r paragraph 18 ,",creof the Property IS sold or the Property IS otherwise 1lcquired by Lender. Lender
<br />shall apply, no later th~m immedIately pnor to the sale of Ihe Property or ils acquisition by Lender, 1my Funds held by
<br />Lender lit the time of ap:plicaticn as a credit against Ihe sums secured by Ihis Deed of TrusI.
<br />J. Applic:lIdllll of Payments. Unless applicable law prOVides otherwise. all payments received by Lender under the
<br />Note and paragrarlhs I lmd 2 hereof shall be appli,~d hy Lender first in payment of amounts payablc to Lender by Borrower
<br />under paragraph 2: here,)f, then to interest payable on the Note. then to thc prinCIpal of the Note, and then to interest and
<br />princ'lpal on IIny FUlure ,"'dunces,
<br />4, ChlUll!lli::Uens, Borrower shall pay all I,nes. as..sessmenls and olher charges. fines and Impositions attributable to
<br />the Property which may allain a priorJty over IhlS Deed of Trust. and leasehold payments or ground rents, if any. in the
<br />manner provided under paI"lIgraph 2 hereof or. if nO! paid in such manner. by B,'rrower making payment, when due, directly
<br />10 the payee then:<lf. Borrower shall prompdy furnish 10 Icnder all f1n!ices of amounts due under Ihis paragraph, and in the
<br />event Borrower llhall ma,ke pa}'mel1l. directly. Borrower sh:11l promptly furnIsh to Lender receIpts evidencing such payments.
<br />Borrower shall promptly dIscharge any lien whIch has pnonty nv~~r thts Deed of Trllst; prOVided. Ihat Borrower shall nO! be
<br />required to diliChlUrgt: any such Iicn so long ;'S Borrowcr shall agree in writmg '0 the payment of the obligation secured by
<br />such hen In a m211llller acceptable to Lender, or shallm g()(xl (:lIth contesI sll<:h lien by. or defend enforcement of such lien 111,
<br />legal proceeding1. whIch operate to prevem the <:n:!mcement of the licn or (orteill.ll'c of the Property or any part Ihereof.
<br />S. Huard I_..-re. B<lrl"ower shall keep !he ImpHWclllents now <:'lsIIIIII or hereafter erected on the Property insured
<br />;igam,n loss by fire. hllZll,rds mcluded Within the IeI'm "extende.1 <:oven.ge" and such mher hazllrds as Lender may reqUIre
<br />,md III such llmounts ;lnd for S\lch penQ(h as Lender may reqUire: proVIded. Ihal Lender shall not reqUIre Ihal the amount of
<br />slK:h ',overll.Je c~,c~:ed Ihat amc.unt of CC<)Veragc rcqlllrcd 11' !lay the sums securt'd by fillS Deed of Trus!.
<br />The insunull"<~ Climer pnwldillg the in"jf,m<:c shall be dlOSCll lw HOllowel' sublCct In approval hy I ender; proVided.
<br />lhat such appro~'al shall not be unreasonably WIthheld, All prenlllllns on IllSllf'ilnCC policies shall ht~ paid in the manner
<br />p1'Ovided under ~llll!llaraJl,b 2 hereof or. II not Pllld l!1 such m;Ulllcr. hy Borrower lIIaklng payment. whell due. directly 10 the
<br />IOSUl"lI.llCe tarrier,
<br />,J~lII1lSUIl\Il(:C poltcl,e.. and rencwllls Ihereol shlllll'>e lit 101m ac<:eplabJe In l.ender ,md shall include a slandard mortgage
<br />dause in hwor \,f lllld in form acccp!;,ble to L~odel' I,'n<kl' shall h;l\e the nght 10 hold the policlt:s and renewals thereof.
<br />and 801'rower shalll pwmptly furnish tn Lender all ren.::"'al !lull,:es :illd ;ill reCell)lS ot p;uJ premlUlIllS, In the e,.,ml of loss.
<br />Borrower ShllIl81'YC~ prom!,1 llOlle., to the Illliunmcc ,;Mnel ilud lender> Lender indY make pl'\)of of los\ tf nOI nHide promplly
<br />by Borrower,
<br />Unlc$s Lendel and Bonower ,>therwlse agle.:: In "'r.!mg. lIlSl,llan<:c pro,ceds shall be applied to restoration or repa.r of
<br />Ihe PI'operty damalsed, plovided su..:h rest\HaIlO" 01 rep."r " "",.n'lllll<:ally k;blble ,lI1d the se..:urity of this Deed of Tnlst IS
<br />llotthelcby 11lllpalll~d> II' \1.1..:11 1~lor.Ulon \'1' rep:..r IS not "c.,moml<:ally t<:aSlble '\1 It Ihe SCCllDty of this Deed of lrllSl would
<br />be Imll)lllred. the Ill:SuralKe pfl)o;ced\ shall be applied to the SUIIlS s'::'Hlcd by Ihis Deed of Trust, With the excc\s. it any. paid
<br />1'1 Bort()wer. If 1'00 ProfHZrty IS abandoncd by Borrvwcr, '" II Bon",,,,cr faib 10 n:spl.lI1d 10 Lender within 30 days from the
<br />dllte no"':e is mailed by Lender to Borro"er Ih<1t the msunmce carller otlers tn settle a c!;llm for II1SlIl'an<:c benefits. Lender
<br />IS authorlzedt\) l:oltle.::l 1lOd appl)' In.: insurance pw<:ceds ;u Lender's "puon clther to reslOration or repair at' the Property
<br />01' to Ihe sums sc:cmed by this Deed Qf Trust.
<br />Unless Lendler and :BofTower otherwise agree in WTlung, any such application of proceeds to principal shall not extend
<br />or PQlitpone the due datl~ of the monthly installment:. referred Ic1 In paragraphs I and 2 hercof or change the amounl of
<br />sllch installments. If under paragraph III hereot Ih,~ Propeny is acquired by Lender, all righi, titlc and interest of Borrower
<br />in and to any insurance llJOlicies and in and 10 the proceeds thereol re.,ulling fronl damage to lhc Propen)' prior to the sale
<br />or acquisition shIll! pass 110 Lender to tbe extent of themlns scr.:ured by Ihls Dccd of Trust immediately prior to such s..lc 01
<br />acquisition,
<br />(j. PreservatklD 811l'i Maiatenance of Property: Leaseholds; Condominiums; Planned {Jnit Developments. Borrower
<br />~haH keep the Property in good rep.ur 'lOd sh.dl not CI.>fllllll: "a~lc or panlll impairmcl1l or dc!crimation of the Property
<br />and sball comply with th.~ provisions of any lease if this Deed of Trust IS on it leasehold If this Deed of Trust is on a unit in a
<br />c\'lndominium or a pl.anllled unit development, Borrower shall periorm 1I11 of Borrower's obligaliotl~ under the declaration
<br />or covenants creating or governing the cundominium or planned unit devclopment, the by-laws and reglltation~ of the
<br />condominium or planned unit development, and constituent documents, If It condominium or planned \Jnit dc.clopmem
<br />rider is executed by Borrower and recorded together with this Deed of Trust. the covenants and agreements of such ridel
<br />sball be incorpotllt~:d inw and .shall amend and supplement the covenant> and lIgreements of this Deed or Trust as if the rider
<br />were at part hereof.
<br />7..Protedion of Lender's Security. If Borrow,er fails 10 perform the co\'cnants and agreements contained in this
<br />Deed of Trust, or if llllY action or proceeding is I;ommenced which materially affe.cts Lender's interest in the Property.
<br />including, but not limited to, eminent domain. illiK'!VCflCY, \:orle enforcement, or arrangements or proce"dings involv.ing a
<br />bankrupt or decede.llt, tblm Lender at Lender's option. to Borrower, may make such a ppe.u;mces , disburse such
<br />sums. and take such aclion as necessary to protect includll1g. but limited to. disbursement of
<br />r~nal>leatt(Yrn;(jj"li .fl!eiSand upclu the ProperlY 10 make If Lender ,"surance as ;,
<br />con~liiOn ~f the.. loan by tbis Deed. O.i. TrU$I, Borrower the \n maintain
<br />. . ti! l>uch the requirement insunmce
<br />B(}rrower pay the amount
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<br />83- 003398
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