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<br />83- 003662
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<br />UNIFORM C(iVENANTS. Borrower and Lender covenant and agree as follows:
<br />.1. Paymeutof Principal and Interest. Borrower shal1 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 Mvances secured by this Deed of Trust.
<br />2. FondS for Taxesllltcllnsnrance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<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 "'punds") equal to one-twelfth of the yearly taxes and assessments which may. attain priority over this
<br />Deed of Tmst, and ground rents onthe Property, if any, plus one-twelfth 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 />timeto time bY'Lenderon 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 />state~gency(including Lender if Lender is such an institutionl. Lender shall apply the Funds to pay said taxes, assessments,
<br />insurancepremil1ms 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 interest on the Funds and applicahle law
<br />permits Lender to make such a charge. Borrower ,md Lender may agree in writing at the time of execution of this
<br />Deedaf Trustthat 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 require.d to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower. without charge, an annual accountmg of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums seeured
<br />by this I;>eed of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />tbedue dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount requircd to pay said taxes.
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be, at BorroWtlr's option, either
<br />promptly repaid to Borrower or credited to Harrower on monthly installments of Funds, If the ,Imolmt of the Funds
<br />held by Lender shall not be sufficient to pay laxcs. assessments. insurance premiums and ground rents as they fall duc.
<br />Borrower shall pay to Lender any amount necessary to make up the dcficiency within 30 days fmm the date nOlice is mailed
<br />by Lender to B()nower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund 10 Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property is sold or the Property ,s olht~rwise acquired by Lender. Lender
<br />shall apply, no hiller th:m immediately prior 10 the sale of the Property or its acquisition hy Lender. any Funds held 11y
<br />Lender at the time of application as a credit against the sums secured hy this Deed of Trust.
<br />3, Appllclldnn of Payments, Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paraglral~hs J and 2 hereof shall he applied by I.cnder first In paymem of amounts payable to Lender by Borrower
<br />under paragraph :! hereof, then to interest payable on the Note. then to Ihe principal of the Notc. and then to interest and
<br />prin(:ipal on any l:uture Advances.
<br />4, Chal'Re~; Uens. Borrower shall pay all taxc,. assessnwnts aud <'ther charges. lines and 'mpositions auributabk 10
<br />the Propeny which may attain a priority over this Deed of Trust. ,1IId leasehold payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof or, if nnt paid ill s\lch manner. by Borrower m'lkll1g payment. when due. dlrcctly
<br />to the payee therel()f. B~)frower shall promptly furnIsh t<) Lender all notIces 01 amounts due under this paragraph, and in the
<br />even't Borrower shall mllke payment dlreclly, Borrower shall promptly fmll!sh 10 Lender rt'celpts evidencmg sllch puyments.
<br />OOTl1Ower shall pr~)mplly discharge any lien .....hich has rnorily over this De.,d of Trust; proVided. Ihat Hnrwwer shall n,'! hc
<br />requited 10 disdharge :my such lien S,) long a, Borwwer S!HIII agree in "riling to the payme!H 01' thc ohhga\lon scc\H"d 11)
<br />such hen IIlll manner p<;ceptable to Lender, or ~hall HI !lood failh comesl sudllien hy, "" defend enw\('c,mcnt of such .ll<'n Ill.
<br />legal proeeedin~ts which operale to prevelll the enion.:emem 01 the lien or IOr/cuun.: of Ihe Pwperty Of any pan Ihereof.
<br />S. HInJII'd It....nu:tce. Borrower shaUl;cep Ihe Imprcwemenls IIOW e\'''tll1g or h"reafter erecled on the Property insmed
<br />IIgaill$t loss byline, h"~Jl\rds included within the lem1 "c\leoded C..lV<' rll !W". IUlll ,,,ch oth",r h;'l,lrd, a' lender may ""quire
<br />und !In !>uch llmllunls and f(lr s\lch pen(lds as leOlkr lllay requm:; pnwldcd. tllat Lcnucr ,hall nol relllllre that the amount or
<br />~m;h CO\'erllge eX~~l:d Ihllt llmount of ,'(weral'" rcqllm:d II) Ih,: '!1m, '''cur,~d th" Deed 01 .1 !\1st
<br />The in$llrlln~'e carner flr<lvi,ling Ihe iwmnm~" ,hllll b,' . bv j;,lr!'\'\\Crlp app""'"l ") I ,fHkr: Pl<lVld",L
<br />thal Iluch llpproV~11 shall 1101 he lI11rells"lUlhly wlIhheld, .-\11 prellUllm, on ll1surall"C pol'~les shall he P;ll\:I in the manner
<br />pt'ovided under ~lr1lgfU:!>h 2 hereof or. It nO! P;IIO III su<.:h IIHlllllCr, by Borrower maklllg payment, Whetl till"', ,hre~tly '" the
<br />IllSlll'anec came:r.
<br />i\lllltSUrllllt..'!:1 IXlltdes ;mll f'l:newais thereol shall h,' HI hmll :"'cplahlc 1<' i,<:mier :1ll0 ,halllndude 1I slanoMd llwngi.l!tC'
<br />dllU1,e in favor 01 and illl form lIccelllllhle to Lender. Lender ,lmll h"V<" Iht~ IIghl In hold Ihe 1'"lt..:ie, and rene"'"js rllere"l,
<br />JndBorrl.lwcr shall promptly furnish 10 Lender :111 renew..1 lIOII":<.'S ,Illd all ,,,,',"!,Is (II 1',,,.1 plerllmms. 111 the event 'If l("s.
<br />BOfI"ow.er shaUl.l\le promlllnl.lUCC h) lhe mS\lflUlCC ,:.rncr ,lll<t Lcnder. lendcr 111:1)' make plcxlf (.1 IllS' II 1"'1 m'ld.: pwmpth
<br />by Borrower.
<br />. L1(\JC$~ l.,cluJ,;r' and Bl.lrmwel ,.thelwlsc "grec ill "...tlllg, '"'''' a11":C 1'l\I<:ceds sO;lil lx' applied to 'e'toratloll 01 ,,'pau 01
<br />the l>ropeny dlllmlll.ged, prll\iJed such reSWf;lU,lll or tepall I' e""wllIh.:ally le,,,,hlc;wd Ihco ,,'<'lInty 01 1ft" Deed ."1 Trmt .-
<br />not lhereby Impaired. H s\l,ll reSIOlaliOl1 (II repair I.. n'" e":(lIloIllIGllly lca\lhlc ," II !he sC":lIIl1Y <II this Dced 01 I rust would
<br />be impaired. lh~~ insurance proceeds shall he applied to Ihe SIlIllS sccnred by this Deed ,)1' Trust, wJlh the excess, II any. p'lhl
<br />to Borrower. 11 llile Pn:1perty is abandoned by Bormwer, 0, it lIor",...e! f;,ih to ,""POluj to Lender withm )0 day, from Ihe
<br />date notice is maillcd by tender to Bl.lrrowcr Ihal the lIISUlanCC ';II'I.er (,lIer.. tll seult: .. daml lor msurance hcndih. Lemler
<br />is autborized to collect and apply tbe inSUr,lll<:e prtXced.. at Lender's ,,!mOll elther to f,~swr;ltlOn or repmr 01 Ihe f'mperty
<br />elr 10 the sum.. l",,;ured bv this Deed of Trust,
<br />Unless I.elldl~r and Borrower otherwise agree HI wntlll!!, .H1Y such apphcatHHl ,ll proceeds w principal shall nOI extend
<br />or postpone t.he dlue date of the monthly mstallmenb rcferrcd to If! paragraphs I and 2 hereoi or change the amount oj
<br />such instalhnenlls., If ur,der paragraph 18 hen:,)f the Property is aC'lUlred hy Lender, all right. litle ;lIld ;meresl of Borrower
<br />in and to any ir,surance policies and in and tl' the proceeds Ihereof resulton!! from damage to Ihe Property prior 10 the sak
<br />,lr acquisilion shall pass 10 Lender to the cxtCHt of the sums secured by this Deed of Trust immediately prior I" suet. S<lle or
<br />acqllisition.
<br />6. Presenallion llIlId MaiDlImance of Properl); l-ell.'iebolds; Condominiums; Planned Unil Developments, Borrower
<br />shalL keep the Property m good repair and shall not C,)IIlI11Jl ",aste "I rem111 Il11painncm Of d"Wtiorallt'n of Ihe Property
<br />and .sbaU comply with the proviSions of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust is on a unit in a
<br />condominium ora planned unit development, Borrower shall pctform all of Borrower's obligations under the declaratlOn
<br />or covenants crc,lling or governing the condominium or pl'lnned unil development, Ihe by-laws .lOt! regulations of the
<br />condominium CiF planned \lnil development, and constituent documents. If a condominium or planned unit development
<br />rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agrcements of such rider
<br />shalJl be incorpor2lted into and shall amend and supplcment the coven an Is and agreements of this Deed of Trust as if the rider
<br />were a part hereclf.
<br />7. Pmtedio,n of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this
<br />Deed of Trust, or if any action or proceeding is commenced which materially 'Itfects Lcnder's interest in the Property,
<br />inc!udillg, but not limited to, eminent domain. insolvency, code enl'orcement, or arrangements or proceedings involving a
<br />bankrupt Or de<:ooent, tben Lendcr at Lender's option, upon notice to Borrower. may make such appearances. disburse such
<br />sums and take s!~ch a';tioll as is necessary to protecl Lender's interest, including. but not limited to, disbursement of
<br />reliSJcmable attorney's fees ami entry upon the Property 10 make rep,lirs, If Lender required mortgage insurance as a
<br />c09ditionQ[mllJ,;ing the loan secured by this Deed .of Trust, Borrower shall pay the premiums required to maintain sllch
<br />insurance in etlfect untiIsuel> time as the requirement for such insurance tenninatt'S in accordance with Borrower's and
<br />l..et1i,l~(s written :agrcernentoraPl'!ieabIe law. Borrower shaH pay Ihe amount of all mortgagc,nsurance premiums in the
<br />man:qerprovidl~ut.de,~. paragr1\pli 2 hereof.
<br />Anyanw1i(l'fsdisbursed. by Lender pursuant. w this paragraph 7, with interest thereon. shall additional
<br />inde?tcdt1~sotBorrowersecuredbY Ihis Deed of Tmsl. UnlessB\>rrowerand Lender agree to other terllls payment, svell
<br />a.m!)Il11r.~shll'I~",pa.)f<!bl~\lPon}'<>lice fWIll Lender to Borrower re<;iuesting.pl\ymem thereof, and shall bear ;lJtcr(~t from Ihe
<br />~r~f ~i,s~lIr$ji'l'!1;~llta~thj!i,r\lteI"ltY.llble,frp~ time tQtirllc ()lltHJlstanding princJpal.'ll1der the Nntcunless paymellt pI' interest
<br />a,($tIGhri\teWtt\lld bt:' .cotltra in whi':h eVent such am,mnts shall bear interest al the hiRnesl rate
<br />. ill Ihis paragraph 7 ,haH require Lender 10 incur 1I.nY clIpt;:nsc t)t. !ilke
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