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r 83-4105014 UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: J. PlI)'1IIeIIt of PrIndpal and .Inle""'. Borrower shall promptly pay when due Ihe principal of and interest on the indebtedness evidenced by the Note, prepayment and lale charges as provided in the Note. and Ihe principal of and interest on any Future Advances secured by this Deed of Trust. Z. Il'BJIdS lot T...... and I_.e. Subject to applicable law or to a written waiver by Lender, Borrower shall. pay to lender on the day monthly installments of principal and interest are payable under the Note, uutil the Note is paid in full, a sum. (herein "Funda") equal to one, twelfth of the yearly taxes and assessments which may attain priority over this Deed of Trust, and ground rents on the Property. if any, plus one,twelfth of yearly premium installments for hazard insurance, plus one,twelfth of yearly premium installments for mortgage insurance. if any. all asreasonably estimated initially and from time to time by Lender on the basis of assessments and bill. and reasonable estimates thereof. The Funds shan be held in an institution the deposits or accounts of which are insured or guaranteed by a F~dera) -or state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments. insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds~' analyzing- said account or verifying and compiling said assessments and bills. unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of ',this Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable -13:w requires such interest to be paid. Lender shall not be required to pay Borrower any interest or earnings on-the,Punds. Lender shall give to Borrower. without charge, an annual accounting of the Funds showing credits and -debits to -the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sum. secured by this Deed of Trust. If the amount of the Funds held hy Lender. together with the future monthlyin..tallments of Funds payable prior to the due dates of taxes. asses.sments, insurance premiums and ground rents, shaJi exceed the amount required (0 pay-said taxes, assessments, insurance premiums and ground rent~ as they fall due. such excess shall be, at Borrower's option; either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of.- the Funds held by Lender shall not be sufficient to pay taxes. 3S-.-l1ies."iments. insurance premiums and ground rentS as they- fan due. Borrower shall pay to Lender an)' amount necessary to make up the deficiency within 30 days from the-date notice is maHed by Lender to Borrower requesting payment tbereof. Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower an)' Funds held by Lender. If under paragraph 18 hereof .he Property is sold or the Property is otherwIse acquired by lender. lender shaH apply. no later than immediately prior to the sale of the Property or its acquisition by Lender. any Funds held by tender at the time of applkation a" a credit against the sums secured by this Deed of Trust. 3. Applkadoa of Payments-. Unless applicable law provides otherwise,. ail payments received by lender under the Note and paragraphs J and 2 hereof shall be applied hy Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof. then to interest payable on the Note. Ihen to the prtncipal of the Note, and then to interest and principal on any Future Advances. 4. (."h....es; tie... Borrower shall pay all ta\es. assessments ~md other charges. fines and impositions attributable to the Propeny which may attain a priority over Ihis Deed of Trust. and leasehold payments or ground rents. if any. ,~n the manner provided under paragraph 2 hereof or, jf ~t paid in such manner, by Borrower making payment, when due. directly to the payee thereof. Borrower shaH promptly furnJsh to Lender aU notices- of amounlo; due under this paragraph, and in- the event Borrower shall make pa}'ment directly, B.orrower s.hall promptly, furnish to Lender receipts evidencing' such payments. Borrower shall promptly di-schars;e any lien which has pnority over th1s Deed of Trust: provided, that Borrower shall not be required to discharge any :mcb hen so- long as Borrower shaH agree in writing 10 the payment of the obligation secured by 'iuch lien in a manner B~ceptable to Lender, or shall 1ft good fanh contest o;uch li~n hy, or deCend enforcement of such lien in. legal/'f'Ocecdings which ope-rale 10 prevent the en(o~emeo.t of the lien or forfeituf.c of the Property or any part thereof. . Huard lasuraace. Borrower ..hall keep the Improvements now existmg or hereafter erected On the Property insured agains.t loss by fire. hazards included within {he term <-'edended {."overage", and such other hazards as Lender may require and in such amounts and for such periods as Lender may require; provided. that Lender shaU not require that the amount of lIiuch coverage e~ceed that amount of co-~r3p;:e required 10 pay the !:ium~ s.ecured by this Deed of Trusl. The insUfaLKe carrier pToviding Ihe ins.urance ~hal1 he cho5Ct1 by Borrower subject to approval by Lender; provided. that such approval shaH not be unreaKlnably withheld. All pn::miums on insurance policies shaH be paid in the manner provided under _apb 2 hereof or, if not paid in oucb manner, by Borrower making payment. when due, directly to the 100Urance ca.rrie-f". AU insuram.'l: pohcie:s. a.nd renewals lhereof lhaH be in form accC'ptabte- to Lender and shall include a standard mortgage dause in favor of and in form act:c-ptabte to Lender. Lender ~hnH have the right 10 hold the potides and renewals thereof. and Borrower >haU promptly furni.sh to Lend.:! an renewal noticC'~ and ,-l-1I receipt" of paid pr~mlums. In (he event of loss. Borro't\'ef :mall give prompt notlC-e to the msurao(;c .:-arncr and Lender. Lender lmty make proof or IO$S if not made promptly by Borrower. Un~ Lender and Borrower otherw~_'k agree, ta v. fiflOg.. In:')\lfam.''t: pfO(;-eeds !'Fha!l be apphed t-o restoration or repair of the Property danaged, provlded wch re~toratiotl or repiUf I'" t"conofflli.:ally feasible .md the security of thj~ Deed of Trust is not thereby impaired. If IDe-" re$loullon ,-,r repair to.; not economically fenlblc or If Ihe tiecurity of this Deed of Trust would be imp&Jred. tbe insur&fk:e proceeds shan be ap-pl~d to the sum:i ~ecured by thiS l:.leed of Trust. with the e~ce$-s. if any. paid h,,) 8orrowc-f. Ii the Property is abAudoned by Borrower, or if BOHl)w-er fails 10 respond to Lender within 30 days from the date notice is. maited by Lender fO Borrower that the HlljUrance carner otfcu to seute a claim for inS~trilhCe benefits. Lender IS. authorized. to l..'OUoct and ll,pply [he ins,urall\:c proceeds at Lender's option either to reSloratlOJ) or repair of the Property or to the sum, """ured hy th.. Deed oi Trust. Unle$$ Lender and Borrower otherwise agree in wriling, <iny ~uch application o[ proceeds to principal shall nOl extend or 1X~.pmte the dUd' dale of the monthly installments referred 10 ill paragraphs I and 2 her~f or ch~nge the amount of such mstaUmtUlt5. U under paragraph IS here(tf the Property IS acqulH~d by Lender. .ill right. title and Interest of Borrower in and to any insurance pollcieti and in .and 10 the pf\-"'eeds thereof r6uhing from damage to the: Property prior to the sale Of acquisition shaH pa.,u {O lender lO rhe e~ltf1t (';l t.he SUIm -secured by rhis Det.-d 01 Trust immediately prior to such sale or acquisit....... 6. "'-"'_..... ~ of """"'rty, LeMebokb; Condominlumo; Planned Uult Develop_IS. Borrower ..hall keep the Propcny in good n::pair ,Hid shaH not -I.'(}f'tlmH wa~le ,)( pt.:f1111t imp<tirrnent or Jeteri(lraliun of the Property and shall comply with the prOVl$lOOS of any I_if this Deed of Trusl "on a leasehold. It this Deed of Trust is on a UOIt in a condomin!u.~ or a planned Wilt deve-lopment, BornJwer shall pcdorm aU of Borrower',it ubligations under the declaration Of C('J'Vena~ts creating or gU\lerning the C\.')ndorninium or planned unit development. the by-laws and regulations of the -condominium or planned \lnll devclopmenl. and conshtuent _ documenl$. If a con<klMinium or planned unit development rider 1$ executed by Borrower and recorded togel,her wuh thiS Deed oi Trust. !he covenanls und agreements of sU\:h nder sba!l be incc.rJ'Qratod into and sbaU amend and supplement L~ co\'en.a.nb ;tn!) agreements of this Deed 01" Trusl as if the rider we~ & part hereof. 7~ PnitediDa of Leadft'l'. Security. H Bo~Tower fads io re.rform the covenants and agreements. contained in this ~ 0{ Trull, Of if any actton Of proc;:eedin,g is cumtntnced Wbl~h materially affects L,ender'!ji Interest in th,? rro~f1Y. u~lud:ifl.. but DOl. limited 10-~ cnUDeflt domain, inwlvem:):'. Ct"tdt: enforcement, or arrangements or proceedings Hwo!vmg a baakrupC or dec:edent~ then- u:_nder- at Lender'!,! option, uf".->f\ OOHce to Borrower, may make such appearan'es. di[i;burse such sums and take such act'o6..as- is neceuary 10 protec~ Lender's m!eresl, including, hut not limited to, disbursemeut of rouoo.a.We attof1.MY'$ fea and, entry uPOI) fbe Pri,Jopcrty to make repairs. If Lender requtred mortgagt:: insurance ;1~ i~ ~.ol ~I_ the. I()I.J'l .secured bj. thits Deed of 1"C'Ust, B()r~owt:r !Shall par the premiums requited to maintain such i~ in effect until such time u. the requirement for .such msuran(;e lermmates in accordanG:c with Borrower'!, and 1..endef'1 ~ ~l. or a~l>>e law, Borrower $h.U pay tbe- amount uf aU mongage in)urao.ce premiums '0 the _.~ llIIder par....apb 2 hereof, Any ~, 4'11lburMd by Lender put1~t tu tb~ para.rapb 7, with interat there-oft., i;.ha.U becom~ addilj--t;'u..l t~ of,-Borrtn\rCt-&OC:UJ"ed by thit. Deed of 1.r..&"'. Un!eu Botn')wer and: Lende,r agree 10 other hams \)t paynumt. .\ucn ~ .b&ll be payabloo upon not"'" from l..endef to Bor,,,,,er t.,questing pa.ynwnt thereof, and ,hall bear inte.....t fwO! the ".0( ~ 4\ tbcnM patab!ll fNllll Ii"", to time on oll.....llding principal under the Note unl... paY_lit of intere., 1-1. JUCA fMc- *aWd "' \."'\lIW'ilry 10 ~ t.w~ i.n wht.:h t''lt:nt such amounts _~n-all hear IfItCfCSf .at the hig~ rat.e ~ "'lClot applic.at>le la..... Notbin, contained In this parapapb 7 .hail t"'l"'" tender to !tIcur .ny ..pense or toke ..y~~, I. ~_ :,l..e:tt4<< may ~..~ ()(_ -caute' to be made ~..~abie entnC'$ Upo1l anJ in!i-pe-<.~tIOn!i or _the Pruperty. prm-,Je-d that ~........ Bl>rr_ """"'" prWf W any"""" ''''{lOCuon .p.diynlg """OlI"ble <a.... thetetm related to Lender', ltIt_Ia_~.