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<br />UNIFORM O~reN"NTS, Borrower and Lender covenant and agree as foHows: 83- 00359fl'
<br />
<br />. 1. ~ of Prillldpal ami Infnest. Borrower shaft promplly pay ",hen due the principal of and interest on the
<br />.ndebtedness cvn:fenced by the Note. prepayment and late charges as provided in the Note, and the principal of and intcrest
<br />on any FutureAdvanee.~secured by this Deed of Trust.
<br />%oF"" for.T_ IIIMIlftHI'Uf:e. Subject to applicahle law or !o a wrillen waiver by Lender, Borrower shaH pay
<br />to Lender on the daY monthly installments of principal and inlerest are payablc under the Note, until the Note is paid in full,
<br />a sum (herein "Funds"} equal toone-twelfth of the yearly taxcs and asse<;sments which may allain priority over this
<br />~ of Trust, and ground renrs 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 insurance. jf any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bms and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guarantecd by a Federal or
<br />state ageney (indudingLender if Lender is such an institution). Lender shall apply the Funds to pay said taxes. assessments.
<br />msurancepremiums a.nd ground rents, Lender may not charge for so holding and applying the Funds, analyzmg said account
<br />orverifyingandcomplJingsaid assessments and bills, unless Lender pays Borrower interest on t"eFunds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree ill writing at the time of execution of this
<br />Deed. 9f Trustth1R interem 011 the Funds shall be paid to Borrower, and noless such agreement is made or applieable law
<br />require.ssuchinterest to he paid, Lender shall nm 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 />ptl!'pO!e for whicb each debit to the Funds was made, The Funds are pledged as additional security for the sums secured
<br />by this Deed of Tnm.
<br />If the amount of the Funds. held by Lender. together with the futnre monthly instllllll1ents of Funds paYllhle prior In
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes.
<br />assessments, insuranee premiums and ground renls as they fall due, such excess shall be. at Borrower's option, either
<br />promptly repaid t.oBorrower or credited to Borrower on monthly installments of Funds, If the IImount of the Funds
<br />held by Lender shall not be sufficient to pay t.axe..., aSSCl'sments, insurance premiums and ground rents as thcy fall duc,
<br />Borrower shall pay t.o Lender any amount necessary to make up the deficiency WIthin 30 days from the date notice is mailed
<br />by Lender toBol"l'OWer "~uesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property is sold or Iht~ Properly is ot.herwlSe acquired by Lender. Lender
<br />shall apply, no htlter thanl immedIately prior to the sale of the Property or its acquisilion by Lender. :H1Y Funds held by
<br />Lender at the time of appliication a.~ a credit against the sums secured by lhis Deed of Trust.
<br />3. i\ppIicadea of h)'1lleftts. Unless applicable law provides othel'\lllse. all payments received by lender under the
<br />Note and paragraphs I and 2 hereof shall be applied hy Lender .fiNt ;n payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof. then to interest payable on the Nole. then t.o lhe prmclpal of the Notc, and Ihen 10 interest and
<br />principal on any Future Advant."llS.
<br />4. C~ LIienL Borrower shall pay all ta.es, as~es~menfs and olht~r charges, fines and .mposiliom atlrihulable l(I
<br />the Property which may lattain a priority over t.his Deed of Trust.. and leasehold payments or ground rents. if any, in the
<br />manner provided lJnder p:lragntph 2 hereof or, if not paid in such manner. hy Borrower making payment. when due, directly
<br />to the I)ayee thereDf. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the
<br />event Borm___sl1rall make payment directly, Borrower shall promptly furnish to Lender receIpts cvidencing SllCh payments,
<br />Borrolll'er shan p")Rlplly discharge any lien which has priority over this IJeed of Trust; prOVIded. that Bomlwer shall nnt he
<br />required 10 diJschal1lC any such lien so long as Borrower shall alotree in writing to the payment of the obilgatinn secured hy
<br />such lien in a manner acceptable to tender. or shall in good faith contest sut:h hen hy. or defend cnforCl~mt'nt of such lIen 10,
<br />legal P~~Which operate to prevent the enfcm::ement of the hen or forfeiture of the Property or ,Iny parI thereof.
<br />5. H ~. Borrower shall keep the imprl.lvcmt~nts now eXlsllng or hereafter erected on rhe Propertv lI1s1/red
<br />llIaim~lloss by fin:. ha:r.ards included within the term "extended <:overage". and stich other hal.ards as lender may reqUire
<br />and in such amoU1~tll and ror such penods as tender. mllY reqmn.'; prtl\mlcd. lhat Lender shall not reqltlre (hat th(' amonnt 01
<br />such cC'Yerage exceed Ihall amount of coverage I'eqlllred 10 pay the slims sl:cured hv IhlS Det'd of Trost
<br />TIle insuraooe 'carrier providing the insurance shall be dlOsen by Borrower S\lOlcct It, approv;d hy lender: pwvlded,
<br />thai such approvalllballlllOt he unreasonably withheld, All premmms on insurance polien,'s shall he paid in the manner
<br />provided under PI.tIrpapbl 2 betieo{ or, if nOI paid II" such manner, hy nonower making paymenl. when due. threclly to Ihe
<br />iDllul'lIU)oc canier.
<br />All iMUl'llnI:e poIicies.nd renewals lhen::ol shall he 111 lorm ;KCt~ptahlc to Lender and shalllOdudc~ aSlandard morlgage
<br />clause in flvor of arid in Irorm acceplllble to tender, Lender ,h:lll h.n,e the right to hold the policics ;wd renew.lls Ihereor.
<br />and Bolrfower lIftalilprom,ltly furnish to L.ender all renewal nollCes and ;)11 rct:e,pts of paal prcm"lms. Jr. Ihe cycnl of los"
<br />Borrower shallgiYe iproml)t nOlice to lhe IOsurance ,amel and lcnder. Lender 1'I1<IY make prool of loss It not made promplly
<br />by Borrower.
<br />lJnless Lende:rand B()frower otherwise agree ill writlOg, ,"smam:e pro<.:eeds shall be ;Ipplied to le,torallOn or repair of
<br />lhe Property dllmtlllW. pr'l)vidw such restoration or repair I~ economically Ie"sible and Illt: 'c~lIllly or Ill" Deed of '1 rust"
<br />nOI thereby impain:d, If !ilJ(;h restoratIon or repair I', not c..:orlol111cally Ica'li)1c or d the SCWllly 01 tll" Deed oj h!lsl wouid
<br />be Impttired, the il)sur.n<:c~ proceeds shall be applied 10 the sum, 'ecured hy this Deed ofl rust. w,th thc e"""". d any. pa"j
<br />to Borrower. If the Propcrrty is abandoned by Borrower, or if Borrower falls 10 rC'Pond to Lender withm 30 days from the
<br />date notice is mai'ed by Lender to Borrower that the insural1c"~ carner otTcr, to !eWe a claIm for l(1SIH ance henefits. lender
<br />is auth(lt'ized to cc:lIl<ect and apply the insurance prc>ceeds al Lender's option elthcr to rCS'OfatlOn or repair of Ihe Property
<br />or to the sums !lCCUI'W by thiS [>ecd of Trust.
<br />Unl,C$S l.ender and Borrower otherwise agree in wruing. allY such applica1ion of procceds to prinCipal shall not cxtend
<br />or poslpone the due dale of lhe monthly installments rcferred to in paragra.phs I and :' hereof or change the amounl of
<br />such imtallments. If unUc:lr paragraph III hereof the Property" acqUired hy Lcnder, all right. 11IIe and !lHcre,t of Borrower
<br />in and to any ill$Ulra:nce ~)Iicies and 111 and to the proceeds then'of resultmg from damage :0 lht, Propt~rty poor to [he sale
<br />or acquisition shalll'llSS t(, Lender to the cxtent of tbe sums secured by thi, Deed of Trust ,mmcdiatcly pnor I.. such sale or
<br />acquisition.
<br />6. Preservadoll 8&d MaIa.enallCe of Property; l.eau:holds: Condominium.~; PI_oed Unit ()evdopmenb. Borrower
<br />.shall keep the Propert.y in g(J(>d repair and shall not comm,t "",Ie "f l'enHll impairment or d~l~ri,,'ratl,'n of the Property
<br />and shall comply with the provisions of any lease if Ihis Deed of Trusr IS on a leasehold. If this Deed of Trust is on a unit in a
<br />condominium or a planned unit development, Borrower shall pedorm all of Borrower's ohligatlons under the dedaration
<br />or covenants crea[i1l8 or governing the condominium or planned unit development, the by-laws and rcguhltions of thc
<br />condominium or ~,lanned Unil de\'elopmenl, lInd const.ituenl documcnts, If a condominium or planned unIt development
<br />rider is executed by.Borrclwer and recorded logeth~r with this Deed of Trust, the coveoants and agreement> of such rlder
<br />shall be incorporated into and shall amend and suppJ.emenllhc c(wcnanl, and agreements of this Deed oj Tnl'! as if the ridcr
<br />were a part. hereof.
<br />1. ProledJoa of. lender'. Sec.uri1y. If Borrower fails to perform the covenants
<br />Deeq. of Trmt, or. if anytlction. or pr~iflg is commenced wnkh maleriaHy affects
<br />Illcluding. but not limited. to, eminent domain. insolvellt:y. code enforcement. or
<br />bankrupt Qrd(\1';edeflt. then. Lender at Lender's optiotl, ({, may
<br />sunl$ aud tab$Ueh. llcti(,n as is tlecessary to protect
<br />re<l!lOnl.l~ielllll.l~y"$ f~ and entry upon. lhe Property to
<br />eondit1ol.\oJmllldng the l'tlall.securM b'\l this ~ of Trust.
<br />ettect untillluch timea!i the requireffleni
<br />a~i\';ab~ .ttl1i'l,Bot'fowtr
<br />ph 2 he~f.
<br />by Len.;ief pu~\.ltljlt .W. Ihis paragrllpl1 7. '!'lull imerest
<br />ei;J.. by (hli>.~ .f1f. Tros-L . tJnl~ss BorrOWer llndLender agree
<br />l1otice.frt'lmLell<;jer !Q BOHQWCr reqll~ring paymem. thereof,
<br /><1!.Jlstandi11gprinclpal under the
<br />which eVent 51";" all'1olll'lt> shllH he;,;t
<br />this paragraph 1 Shi,ll rC'iuireLender
<br />
<br />and a.greements contained in Ihis
<br />Lender's interest ;n the
<br />or
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