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<br />004313
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 83-
<br />t. ray_nt of PrillCipal and InteftSt. Borrower shall promplly pay when due lhe principal of and interest on the
<br />IOdebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interesl
<br />on any Future Advances secured by this Deed of Trust.
<br />2. ....... for T_ ancIl_~. Subjecl 10 applicable law or to a wrillen waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under Ihe 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 allain priority over this
<br />Deed of Trust, and ground rents on the Property, if any, plus one,lwelfth 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 />time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall he 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 an institution). lender shall apply the Funds to pay said taxes, 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, unlcss Lender pays Borrower interest on Ihe Funds and applicable law
<br />permits Lender to make such a charge, Borrower and lender may agree in writing at the time of ex~'Cution of this
<br />Deed of Trust that interesl on the Funds shall he paid to Borrower, and unless such agrecmenl is made or applicable law
<br />requires such intcrest 10 he paid. Lender shall not he required to pay Borrower any interesl or earnings on the Funds. Lender
<br />shall give 10 Borrower. withoul charge. an annual accounting of the Funds showing credits and debits 10 the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as addilional "",urily for the sums secured
<br />by Ihis Deed of Trust.
<br />If the amount of the Funds held by Lender. together with lhe future monthly installments of Funds payable prior to
<br />lhe due dates of laxes, assessments, insurance premiums and ground rents. ,hall exceed the amount required to pay said taxes.
<br />aSiCSsmetlts, insurance premiums and ground renls as lhev rail due. ,uch excess shall he. at Borrower's option. either
<br />promptly repaid to Borrower or credited to Borrower em monthI)' IOstallments of Funds. If the amount of the Fund.
<br />held by Lender shall not he suffiCIent 10 pay laxes. assessments. insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lcnder any amounl necessary 10 make up the defkiencv WIthin 30 days from the dale notice i. mailed
<br />by lender to Borrower requesting payment thereof.
<br />Upon paymenl in full of all sums secured hy thIS Oced or Tn"l. lender shall promptly refund to Borrower any Fund.
<br />held by Lender If under paragraph 18 hereof the Propenv " 'old or the Property IS olherwlSe acquired by Lender. Lender
<br />shall apply, no later than immediately pnor to the "Ie of the Property or il. acqlllSlllon by Lender. any Funds held hy
<br />Lender al the time of application as a credit against the sums secured hy thIS Deed of TrusL
<br />3, Apptica1ion of Pay_..lli. Unless apphcahle law P<<Wlde, otherwISe. all payments receIved by Lender under the
<br />Note and paragraphs I and 2 hereof shall he applied hv Lender fir<! 1ft payment "f amounts payable to Lender by Borrower
<br />under paragraph 2 hereof. then to interes.t payable on the Note. then to the prinCipal of the Note. and then to interest and
<br />principal on any Future Advances
<br />... CItarIn: LieM.. Borrower 'ihatl pay aU I,He" ;-tsscs.smenf\ .inti olher charges. fines and ImpOSitions attributable to
<br />the Property which may attain a prtonty over thIS Deed of Trust. and leasehold payments or ground rents. if any, in the
<br />manner provided under paragraph 2 hereof or. If not paid in .uch manner. bv Borrower malong payment, when due. directly
<br />10 the payee thereof. Borrower shall promptly 11Irmsh to lender all n<>llces of amounls due under tbi. paragraph. and in the
<br />event Borrower .hall make payment directly. Borrower shall promptly furnISh 10 lender recClptA eVldenclOg such payments.
<br />Borrower shall promptly discharge any hen which has priority (Wcr thiS Deed of J rust; prOVided. that Borrower shall not be
<br />required to discharge any such lien s.o long .l;... Borr('lwer ,hall agree III ",-rHm!!. t..' the payment (If the oblJgatwn secured by
<br />such hen in a manner acceptable to Lender, lif ....hatllO good f~uth ~onlcst slIch lien hy. or defend enforcement of sllch hen 10.
<br />legal r.oceedings which operate to prevent the cnf(lrcrmen~ nl the !ten Of forkiturc of the Property or any part thereof.
<br />. H.uanl1_~. Borrower shall keep the lmprovemems now C\I\tl11l=!: or hereafter erected on the PrClperty insured
<br />againsllO$$ by fire. hazards inclmk-d Within the term "c"-tend-.:"j ulVcra8C--. and su(,;h nther hazard... as Lender may rcqlllr~
<br />and In such amounts and for such periods a... f _cnJer may rcquln:; prOVided, that Lender '\hall nl..H requIre that the amOllnt Ilt
<br />such coverage exceed that amount of t,:ovcrage reqUIred I{l pay the sum'\. 'tC\:ured b)' Ihl<;; Deed of Tn1st
<br />The insurance ~arrier providing the Insurance ,hall ~ (h\")'l"n OV n<'rfower SUPICLl to appnlY:.t1 hy I,coder. prOVideD.
<br />that .uch approval shaU not be unreawnably withheld. All Pf<'",. tUn. '" on Illsurance pohcies .hall be paid in the manner
<br />provided und<:r paraaraPh 2 hereof or, if nOI fm.d III .uch manOCL hv Borrower maklftg paymenl, when due, dlteclly to the
<br />iAsurance carrier.
<br />AU insuram...~ pol-icie1: and renewals there\.)! shaH be In form a-.:\.:(:ptahk: h) I coder and ,haH Include a standard mortgage
<br />clause in favor of and in form acceptable to Lender I coder ..hail ha\'(' the nght to hold the !^)!i":ICS and renewals thereof.
<br />and Borrower shall promptly furnish h) Lender all rene~ai O\.....tce... and aU rt::("clptS. uf paul premIUms. In the event of loss.
<br />Borrower shall give prompl nolice (0 the If\-suri:ln~t: t.:dfncr anJ l eodcr I enJcr may make pu.lOt of toss It nol made promptly
<br />by Borrower.
<br />Unle5s Lender and Borrower otncrwlse agree in ~nllng, lO'\uran...:c J-'f'lo\.~ds ",hall be applted to tt':~h,uation Dr repaIr of
<br />the Property damaged. provided Slh:h resh.Hatl\.1Il \.lr n:p.Jl.r "';~i.)oolnh.;ally tca~lbh:: olOd the se~lIrll)' lif thiS Deed \If Trusl I~
<br />not thereby impaired, If s.uch R:Storatlon or repair If!. Jwt ~'on(.lfl\i.,;ally fCiit\fble ur tt' the secunt)' of (his. Deed of Trust \\'ould
<br />be impaired, lhe losurance proceeds shall he applleJ 10 Ihe 'ums ...",,,,ed ~. !h.. Deed of Trust, With lhe excess. If any. paid
<br />to BorrowC'.r. If the Properly is abandoned hy Borro\'\'cr. ~,lf if B.,Jrrn\,\cr huh to re~pond to Lender ",ithm 30 days from tht'
<br />date nollCe as mailed by Leockr to Borro.....cr Ih'&t the m~uranl:c ..:antCf ,ltl<r\ to scttM: a dalm (or lO\lIfan\:c benefits, Lender
<br />IS authorized to coJ""'l and apply the insur.n<:e proceed, al Lender'. ,'plI"n e,ther 10 reSlor.t,on or repair of the Propeny
<br />"r 10 the .ums secured by Ihis Deed of Trust.
<br />Unless Lender and Borrower <>therwlse: agree 11\ Wrtllllg, ~ny ,uch apphcaltoo of proceeds It> ptin<:'pal ,hall not exlend
<br />or poslpooe the due date of the monthly installmenb referred to III raragraphs I and 2 hereof or change the amount 01
<br />,ueh installmenls. If under paragraph IN herevt lhe Propetty " acqUIred hy Lender, all nght. tille and ,ntete,t of Borrower
<br />in and 10 any insurance policies and in and 10 the proceeds lhere,'l re,ultlOg from damage to lhe Properly pllor 10 Ihe sale
<br />or acquisition shall pass 10 leoder 10 Ihe e~tent ,'f the .u"'. ",.oured by thIS Deed of Trust immediately prior 10 such sale or
<br />acquisition.
<br />6. Praen....... ud MaiIoleJuuKe of Properly; uasdloWs; CoodollliDiums: .........,d Unit ~"~.Is. Borrower
<br />\hd-II keep the Property in guod rep.ur and ~haH not C~)nllnlt ......a~IC ,.or ~rmlt tmp.i.11rmcnt \.If JctC'fhl(ali~m uf the Property
<br />and shall comply with the provisions of any lease If th.s Deed <'f Tru,1 " on a leasehold. If lhi. Deed of Trust is Oil a unit in a
<br />condominium or a planned unit development, Borrower shall petform all of Borrower's obhgations under the declaritllllll
<br />or covenants creating or governing the ...:ondo-minium \'If planned unit de.....elopmcot. the b)'~laws .:.md regulahOIl!i of the
<br />t-ondominium or planned unit development. and ~onslltuen( d(~UmCnb If a condominium or planned unit development
<br />rider is executed by Borrower and recotded .ogether wilh thIS Deed d Tru'l. the covenants and agreement. of such ridel
<br />shall be incorporated into and shall amend and supplement the covenanls and agreemenls of lhis need ,.1 ~'rU>t as If Ihe flder
<br />were a part hereof.
<br />7. I'IotK1ioIl of u.....s Security. If Borrower fads to perform the covenants and agreements con tamed in this
<br />Deed ot Trust, or if all)' action or proceeding is commenced which matetlally affects Lender's interest in Ihe Property,
<br />includina, but not limited 10, eminent domain. insolvency. code enforcemenl, or arrangements or proceeding, involving a
<br />bankrupt or decedent, then Lender al Lender's option. upon notice to Borrower, may make such appearances. dishurse such
<br />sums and take Sll\.'b action as is rn.'Cessary to protecl lender'. interest, including. but nOI limited to. dishursement of
<br />re~ aUorney's fees and entry upon lhe Property 10 ma.ke repairs. If I,ender required mortgage insurance as a
<br />condition of 11lIlking the Ioa.n secured b)' this Deed of Trust. Borrower shall ray lhe premiums required to m..inlain such
<br />insur.nce in effect until sueh time as the requif<'ment for such insurance terminates 10 ..ccordancc WIth Borrower" and
<br />letldor's wriWln aJR<!lDOOt or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided unl;\er Pllrunpli 2 hereof.
<br />Ally atnOUDts d\.$:l>ursed by Lender pursuant to thIS paragraph 7. With IOler~..t . hereon. ,hall ncwme additIonal
<br />iodeb!ed_ of Borrower secured hy this Deed of Trust. Unless Borrower and l.ender agree to other terms <If payment. ,ueh
<br />aMOUtln. shall be payable upon IIOli<< from tender to Borrower reqUC$ting paymeot thereof, and shall h<<r interest from the
<br />daft ot~t aI; tlle",1e paYIlb!e fmrnlime 10 time 0" outstanding principal under the Note unle.. paymentof interest
<br />aI; IllIdI tab> would be eonlrary te applicable IIIW, in which evenl such amounts .hall hear ,ntereSt at tbe hIghest rate
<br />~bk utwler appllc;able law. Nothin. contained in Ihis paragraph 7 ,hall tequite tender 10 incur any expcn;;e or take
<br />lilt)' aetlOrl berwtwler,
<br />.. ...,....., tender may make or cause 1.0 be made ",flQIIable enltles up<,n and '."pectic'", of the Property, pmVlded
<br />thaI tender dlatl Jlve Borrower notice prior to any such Ill$pection specifying reasonable cause thereto! related to I ender',
<br />.nterat In tbe Pro,*",.
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