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<br />UNlPORM CovENANTS. Borrower and Lender covenant and agree as follows:
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<br />.1. Pllymenr of Prlneipallllld Interesl. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidented by the Note, prepayment and late cb.~ :tS provided in the Note. and the principal of and interest
<br />on an,r Future Advances secured by thjs Deed of Trust.
<br />- F""""forTIW!SIIlId'-e. Subject to. applicable law or to a written waiver by Lender,. Borrower shall pay
<br />to Lender on the day monthly installments ofpriocipal and interest are payable under the Note. until the Note. is paid in full,
<br />a sum (herein "FundsY.) equal to one-twelfth of the yearly taxes and assessments which may auain priority over this
<br />De<<i of Tmst, and ground rents on the Property. if any. plus one.twelftb of yearly premium installments for hazard insurance.
<br />plm one-twelfth of yearly premium instaUments for mortgage insurance. if any. all as reasonably estimated initially and from
<br />time to time by Lender on the basis of ....ssm.nts and bills and reasonable estimates th.reof.
<br />The !'unds shall he held in an institution the deposits or accounts of which are insured or guaranteed by. a !'ederal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the !'unds to pay said taxes, assessments.
<br />insurance premiums and ground rents, Lender may not cbarge for so holding and applying the!'unds, analyzing said account
<br />or verifying and compiling said assessments and bills. unless Lender pays Borrower interest on'the Funds and applicable law
<br />permits Lender to make such a charge. Borrower aod Lender may agree in writing at the time of execution of this
<br />Deed of Trust that interest on the !'unds shall be paid to Borrow.r. and unless such agreement is made or . applicable law
<br />requires such interest (0 be paid. lender shaH not be required to P-llY Borrower any_ interest or earnings on the Fund~. Lender
<br />.hall give to Borrower. without cnarge. an annual accounting of the !'unds .howmg credits and debits to the !'unds and the
<br />purpose for which each debit to the Funds was made. Th. !'undsare pledged a. additional security for the suma secured
<br />bv thi. Deed of Trmt. .
<br />, If the amount of the !'unds held by Lender, logeth.r with the future monthly installments of Funds payable prior to
<br />the due dales of taxes, assessments, insurance premiums and ground rents. shall exceed the amount required- to: pay said- taxes.-
<br />assessments., insurance premiums and ground rents as they fuU due, such eXCe!iS shall be. at Borrower's option, either
<br />promptly repaid to Borrow"r or credited to Borrower on monthly installment. of Funds. If the amount of lhe !'unds
<br />held by Lender shall not be sufficient to pay taxe.'i. cutf-e5Sments:. insurance premiums and ground rents as they- fall due.
<br />Bvrrower shall pay to lender any amount necCSS4ry to make up the deficiency within 30 days from the date notke is _mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this need 01 Trust, Lender .hall promptly refund to Borrower any Funds
<br />held by Lend.r, If under )J8ragraph 18 her<'01 the Property I' .old or th-~ Property i',oth.rwise acquired by Lender. Lender
<br />shaH apply, no later than Immediately pnor to (he sale oi the Propeny or lis acqUJsttlon by Lender. any Funds held by
<br />Lender at the time of application as a credit against the sum~ secured by this Deed o( Trust.
<br />3~ AppIicatJoo of Paywaents. Unless applicable law provides otherwise. .all payments received by Lender under the
<br />Note and paragra~ 1 and 2 hereof shaH be applied by Lender 1i~t in payment of amounts payable to Lender by Borrower
<br />under paragraph.. hereof. then to interest payable on the Notc~ th~n to (he principal of the NOle. and then to interest and
<br />principal on any Future Advatl\..-et"
<br />4. Chaqes;'Jews. Borrower _"hall pay all (axe~. aS$c~sments :md other charges. fines and impositions auributable to
<br />the Property which may attain a priority over this Deed of Trust. and Jea.'iehold payment! or ground rents. if any. in, the
<br />manner provided under paragraph 2 hereof or, If nOt paid in $u-eh manner. by Borrower making payment, when due. directly
<br />to the payee thereof. Borrower shaH promptly t"urnish tu LcnJer aU notices of amounts due under this paragraph. and in the
<br />eVeDt Borrower shall make paymenl directly, Borrower shall promplly furnish to Lender receipts evidencing such. payments.
<br />Borrower shall promptly disch.~ any lien whi<:h h.s pnorilY ov<r Ihi, Deed 01 Trust; provided, that Borrower shall not be
<br />required to djK:barge any such hen ~o Inng u Borrower ~haJl agree in \\iriling tl) the paymem of the obligation secured by
<br />~uch hen H1 a manner w.::ceptable to Lender, or shallm good faith ct.lntest such hen by, or defend enforcement of such lien in.
<br />legal p~in8-1i which operate to preven1 the cn.rorcement of the lien Of forfeiture of the Property or any part thereof.
<br />5. HuanlI~~ Borrower ~ha1J keep the improvements now existing or hereafter erected on the Property insured
<br />against IOS$ by fire. hazard" inchtded within tht- term "extended co\'erdge", IInd such other hazards as ll'"flder may require
<br />and In such amount1i nnd for !Such peru:xis a,\ Lenucrmay require; provided, thatl.ender shall not require that the amount of
<br />'tUch coverage exceed that am-ounC of -coverage re-qUlft"d to p:IY the sum!!. secured by IhlS Deed of Trust.
<br />The insurance carrier ptO\itdiog the in~uran;,,:e shaH be chrn.en by Borrower !lIbject to approval by Lender; provided.
<br />that web approval :man not he unreuon.abty wifhheld, AU premiurm. on insurance policies shall be paid in the manner
<br />provided under para....pb 2 hereof or, If not pard in such manner, by Borrower making payment. when due. dlrectly to the
<br />Ulluraoce carner.
<br />AU lJlt.Uranoe poJu:Je$ a.nd renewals (he-n:-o( !jh9:1i b~ to form aCi;:eptab!e {{' Lender and shaH include a standard mortgage
<br />clause in favor of and in f()fm acceptable to Lender- Lender ~iudi have t.he flg~t to hold the poHdes and renewals thereof.
<br />~nd. Borro'Ner shall promptly furni!4h (0 Lender all renewal nottcb and nil receIpt! of paid premiums. In the evenl of Joss.
<br />Borrower shall give prompt Q-Once to the insuran..:c '.:.itffl("f arid LewJcL Lender may ffilllke proof of loss If not made promptly
<br />bv Borrower,
<br />~ Unles~ Lender and BOfTt.)wer oth-etwl5e agf-ee in \\ riting, los-unmce pH)c~di \hall be applied to restoration or repair of
<br />fhe Property damaged. proVided -such res.toralwn ur repair 1.. c..::on,JflHJ.:alJy kasihle Mid the security of this Deed of Trust is
<br />not thereby Impaired, If 's'ud\ ret.h.1Hlhon Of rep~1( t~ fh.~! t:;.;t.)-!10nucal1y feasihle or If the !iCCurilY of this Deed of TWSI would
<br />he impaired, t~ insurance pf).-~e<<ts \hall be applied to the su:!n\ secured b~ this Deed of Trust, wtth the excess, if any, paid
<br />10 BorroW1C-r. If the Propeny is ab-andone.J by Borft)\l,'er. or It Bo-rwwer falls to re-s-pond (0 Lender within 30 days from the
<br />date ootk"e is maiko by Lender (0 &rrower that the in~uran(;e I;:aftter offers 10 settle a daml for ins\lran~e benefits, LemJer
<br />is. authorized 10 collect and appl)' the io.surafK:c pf\-xeedSi at Lender's option either Ii.> restoration or repair of the Propeny
<br />or to the sums I<<':ured by this Deed of Trust.
<br />Unless tender and Borrower otherwise agree in 1;.trl'lting. any iuch apph-ealion of proceeds to principal shall not extend
<br />or pos-tponc rhe due date of the monthly installme.:n($ referred to in paragraphs land 2 hereof or change the amount of
<br />~uch InllAUmentll, If under paragra~ j 8' M-re-of the ProperlY IS acqUired hy Lender. all right, title and interes.t of Borrower
<br />tn and to any insurance policies and in and to the pnx:eeds thereof ruulting from damage to (he Propeny prtor to the sate
<br />or acqui$ition shall pass to Lender 10 the- extent of th~ sum! secured by lhis Deed of Trust immediately prior lo such sale or
<br />a<:quioition.
<br />" .......-.doa """ M$te.......e of Property, Lo...hoIds; Con.ronuniumo; Planned Unit ne.elop_nta. Borrower
<br />ibllU keep l~ Prope-ny Ht good repair and shall 1M"")! ,commit Wi;t.ste or permit impairmL"ot or deterioration t.~f the ')roperty
<br />~nd JbaU comply ..'itn the proviSIOns of .ny lca.se if ,hIS Deed of 'flU" I' on a leasehold. If this Deed of Trust IS on a unil in a
<br />coodommju(I) or a planned unit development. n:orn,~'L"'::f ihaH r;eriorm all of Borrower's iJbligsuons under the declaration
<br />0( CO\!enantt creating or governiDS the coodomi,nium .-Or planned unit development, the by~l.aws and regulations of the
<br />cOlldomtnium Of- planned unit -development~ and cotl$lItucnt documents. If a condominium or planned unit development
<br />rider il executed by 9Ctrrowe-.r and ~"Orded together with this Deed of Trust. the COVenants and agreements of such rider
<br />shall he incorpo.---ated into and sbaH amend and. suppkment the I.."OVenanh and agreements of thts Deed of Tmf)! as if the rider
<br />....re a port heJa>t,
<br />,~ ~ of lAa1ler's Security. If Borrower fails to perform the CQVenanls and agroornent'i contained in this
<br />~ ~ T"*~ or ~f any_ action: f,,"}f proceeding is c(,'mmenced which materiaUy affecB Lender's Inte(i~.st in the Property.
<br />11)Cl~ift&,. but not llwtod to, cmU1cnt domain" iru.ol"'em.y, code cnfon.:eme:ot. 01' arrangements or pfoceedin~ jnvolving a
<br />bultrupt or deeedcnt~ then Le~r at Lender'$. ophon. upon notic.e_ to Borrower. may make such appearances_, disbune such
<br />:sums and Qke .such a.ction U L'S- necessary to protect Lender'~ lfilereM, Including. but not lImited h). t.hsbur~ement of
<br />~ .~''I fc:a: and entry UpQf1 the Property to make re-pain_ If lender required morlgage llt.!.uran-ce ll" a
<br />t'OIldWfim of mU:.in. ,the_loan ~ by this .I:>oed of - TtU&l, Borrower shaH pay the premiums required 10 maintain ~l1ch
<br />i~ in ettOCt until &ud1 time u the requirement for such mSUfant'.c terminates in accordance with Borrower's and
<br />I~'j _~,_~t or .~lc- law. BorrO\1t'er shalt pay the amount of aU mortgage insuranc.e premium$ in the
<br />aph 2 hereof.
<br />by Lender puf$WInl to thb par~&rap.Q 7, with init:rest thereon. shall ~corne addihonii
<br />i _. _ _ __ _ _ _ by .his Deed of Trml, UnJeu Bor-m~er and Lender il-Bfee (0 other terms of pa-ymeru, su\:h
<br />--..nts lIhall be ....yahle IIp(ltI ""':ice from t.en.ler ", Borro....' Nlq....tJng pay_nt thereof. and shan bea, int....t [,om the
<br />.... of ~ at tberall< payabla Iron> time 1<> lime on out>tandios prindpal under the No,e unl... payment of int.....t
<br />.. -IUdt~ tMtI: ~ be c~ to applkable I.w~ in whIch event ~uch amount!i shaH bear I-ne-erest at the- htlhflt nuc
<br />~ und;Ir aPJlllt:ablt> lavr, Nothing <ontaiDed IU this paraaraph 7 ,hall 'equlte Lender 10 inwr any expo.... or take
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<br />may ~. or ~aUl4 to he- made: re-4.k~neJe. cnute:!< upon -a_oJ ;mJ>CCttom of ,the Property, phHr'id~d
<br />BorTO*<<- ~..u priUt to an)'- ItW;b i-nJpecuol1 tpcedYI-ll8_ f<<~b"=: ClltUiC theretor rd4h.'~<i h) LCrWt"f'-S
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