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<br />83';;" () LJ 5047
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />.1. P.,_ of PrlndpaI .... I.......... Borrower shall promptly pay when due the principal of and interest on Ihe
<br />indebtedness evidenced by lhe Note. prepayment and la.e charges as provided in Ihe Note. and .he principal of and interesl
<br />on any Fuwre Advances secured by this Deed of Trust.
<br />%. ........ for T..... .... 11lI8nIICe. Subject to applicable law or to a writlen waiver by Lender, Borrower aball pay
<br />to Lender on the day monthly installments of principaJ and interest are payable under the Note. until the Note is paid -in fun,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may altmn priority over this
<br />Deed of Trust. and ground rents 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. aU as reasonably estimated initially and from
<br />time to time by Lender on the basis of -auessments and bi11~ and reasonable estimates thereof.
<br />The Funds !hall be held in an iO$titution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution), Lender shall apply the Funds to pay said-taxes. assessments.
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessmt'nts and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make s.uch a charge, Borrower and Lender may agree in writing at the time of execution of this
<br />Deed of Trust that intere.u on the Funds shalt be paid to Borrower, and ullles.... sllch agreement is made or applicable law
<br />r-equtre5 such inteTC!it to be paid, lender shall not be required 10 pay Borrower any interest Or earnings on the Funds. Lender
<br />shall give to Borrower, without charge. an annual accounting of the Funds shOWing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />bv this Deed of TrUSI.
<br />~ If the amount of the Funds- held by Lender. logether with the fUlUre monthly installments of Funds payable prior to
<br />lhe due dates of taxe..... as.sessments. insurance premiums and ground rents. s.han exceed the amount required to pay said taxes.
<br />a-ssessments. insurance premiums and ground rents as they f<lll due, such excess shaH be, at Borrower's option. either
<br />promptly repaid to Borrower o-r credited to Borrower on monthly installments of Funds, If the amount of the Funds
<br />held by Lender shall not be sufficient to pay la1Ces. assessments. insurance premiums and ground rents as they faU due.
<br />Borrower shall pay to Lender. an}' amount nCCC$-..'i3ry to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in futl of all sums secured by lhis Deed of TrusL Lender shall promptly refund to Borrower any Funds
<br />held by lender, If under paragraph 18 hereof the ProperlY t... ~old or the Property IS (:Hherwise ac.quired by Lender. Lender
<br />shaU apply~ no later than immedlafely prwr to the sale of the ProperlY or i!$ a..::quisltion by Lender. any Funds held by
<br />Lender at the time of application a~ a credit against the sums secured by this Deed of Trust.
<br />3. AppUcadon of rayments. Voles!. dpplicable- law prOVIdes otherwise, all payments received by Lender under the
<br />Note and paragraphs J and 2 hereof shall be applied by I coder first in paymenl of amounts. payable to Lender by Borrower
<br />under paragraph 2 hereof. then to intereSI payable- on the Note. then to the pnncipal of the Note. and then to inrerest and
<br />principal on any Future Advances.
<br />4. Ch.,.es~ I~iens.. Borrower shaH pay all t:.i.\C\. a'ii.sc-ssmem<., and other \"harges. fines and impositions aHributable to
<br />the Property which may attain a pnority nver thiS Deed ('>f Trust. and leasehold payments or ground rents.. if any. in the
<br />manner provided under paragraph 2 hereof or, if nOI paid in sut:h manner. by Borrower making payment, when due, directly
<br />to the payee the-reoL Borrower shall pf{)mptly furnish to Lender all noUc-c~ of amounts dlle under this paragraph. and in the
<br />event Borrower shall make payment direcliy. Borrower shall promptJy furmsh to Lender receipts evidencing such payments.
<br />Horrower shaH promptly discharge an)' hen which h<t~ pnorlty over thts l)cc-d of Trust: proVided. that Horrow:cr shall not he-
<br />reqUlr~d 10 dl~haTgc -any I.uch lien '10 iong .15> Borrower ,hall a~ree In \\ rtllng to the payment (""If the obHgatlOn secu~ed by
<br />\uch hen In a manner acceptable to Lender. or 'ihail In g;..lOd buff! contest -'w(.h ben hy. or defend enforcement of slIch lien m.
<br />legal proceedings. which npenuc to prevent the enforcement ot the ik'n ur forh:iiurc of the Property or any pan t_hereof.
<br />5. Hazard IIJIU~. Borrower'ihaH keep the Improvements now C\lSllng or hcre~tfler erected on the Property tnsured
<br />against loss by fire. haz.a.rd'S included wlthm the ferm "cxtendtd .:..weragc'., and such other hazards as Lender may reqll1rc
<br />and in such amounts and for such period,\ a.. i.enJcr may req1.Urc: pro\'ldcd. that Lender shalt nol require fhar the amount of
<br />'luch co\.er-ag-e e.xc-eed thaI amount of coverage reqUired tn p:n the sum>: set:urcd by thl'> Deed of Tmst.
<br />The i-nsuraoce "ante" pf"ovidin$ tht~ m\urani;t: ,hilll !x- cho'i.t'n by Borrower sublet'! h-l approval by Lender: pro\lldctJ.
<br />rhat such approval thai! o;;,:u "be unrea5{J{utbly withhdd_ Ail premIUms on Insurance polkic...-s shall he paid in the manner
<br />provided under paragraph 2 hereof or, it not paid in ~uch manner. by Borrower making payment. when due, directly to the
<br />insurance c.anier,
<br />"U msurarK.'"e poJieie1 and renewals ther(Ol shall he Hl j()rm ul.:J.:cptable w 1.ender and "hall include a standard mongage
<br />dlluse in favor of and in {';Inn acceptable to Lend.er. Lt:ndcf shall h:-n-'c the- right 10 holJ the policies ,Uld renewiJis thereoL
<br />and Borro~r shall promptly furnilt-h tv Lender all rencwui r\l)llct:~ and :Ill rc..:tlpt:\ nf pall..l premium.!!., In the event of loss.
<br />Borrov.--e-r shall gJve prompt notIce h} the Efiiuram;e (",-rner uml Len-der. I.ender may ffillke l)foof of loss If not made promptly
<br />by Borrower.
<br />Unless Lender and Born,wer otherwl:)C agree in >,l,'m1l1g. ImutalH;-e ~}!()Ceeds :o.haiJ be <lppHed to rc~t()ration or repair (If
<br />the Property damaged. provided -such flt-storaUo-n (H rcpom I". cconomH.:ally il'"3;,'>IOle and the security of thi" Deeo of Trust l~
<br />not thereby irnpiured, if Slk:h re$t-oratlon Of repaIr IS. not e(.onolnll.:aHy kaslhle Of II the security of thi5 Deed of Trusl wuuld
<br />be impuired, the lnsurarn.~e proceed~ shall be applied 1\1 the StiOlS st."l:un.-d by this lk--ed of Trust. With the exccs'S. it any, paid
<br />to BorfO.weT. If rhe Property ~s abandoned by Bout,lwer. ~lf if HonHwcr Llil$ to fC$pond 10. Lender within 30 days from the
<br />dale nouc-c lS mailed b\' Lender to Borrower that the lflsutam:e .;arner utfer:s. hl settle a chum for Insura.nce h.cnefits-. Lc:nder
<br />tS authorized W coiled" and apply the insurance procec<h at Lender's option either to restoration or repair of the Property
<br />or to the I-urns $eCurcd by th,s Deed of Trwol.
<br />Unless Lender 3nd Borrower otherwl$e agru In "'-"flung., MlV slJch appllCalJOn of proceeds to prmcipal shall not extend
<br />or postp:mc thr. due date of the monthly in~tallme-j)o. referred to in paragraphs I and 2 hereot or change the amount ()j
<br />such installments. Jf under ~ragrap~ I g hert(\l tht- Property t~ a...:-qulred by Lender. all right. litle and intere.1.t of Borrower
<br />10 and to any Insurance poliCies and in and w the pr-.x-eeds ther~oi resuhmg (rom damage to the Property pnor to Ihe sale
<br />or acquiliition shaH pass to Lender to tbe eMeUl ot the surm MX:ured by lhl'i- Deed of TruSt immediately prior to l>uch sale or
<br />acquisition.
<br />6. Ptaen....... lUld MtoIat_. of Property; l....hoIds; Condominiums; Planned Onit De..iopm.ols. Borrowe,
<br />"hall kup the Propeny in g()od re~ir ~nd shaH nllt \;0010\.11 waste or permit impamnent or deterktration 01 the Prop.:rty
<br />-and shaH comply with the: p..-o-visions QJ any lease- jf this Deed of Trust I~ on a l.easehold, If this Deed of TruSl is on a unll in a
<br />~oodominiUm or a planned unit develop-ment, Borrower shall perJorm aU of Bi>rrower\ obligations under the dcclarati{m
<br />Of covenants ere-atlftl ()f 8Ov.:rning the c-flOuomjnium Qf planned unit development, the by.laws and rcgulalion~ of the
<br />~"OOdominium or planned unit development. and cOl!stttuenl, documents, If Ii condominium or planned umt devclopn~t:nt
<br />rKler is executed by Borrower and recorded logether with thiS Deed of Trust. the covenants and agreements of such nder
<br />shall be incorporated into and shalt amend and supple-menl the covenants and .il.greemenlS ot this Deed of Trust as if the rider
<br />were a part benlof.
<br />1. Pretedloe of Leader'. Secuity~ If Borrower fails to perform the c-Ovenants and agreemenl!! (;~m(ained in this
<br />Deed -of Trust, or if any action vf proceedi.ng is commenced which materially affecls Lender\ interest in the ProperlY.
<br />inctud.in-g.. but.. not limited t.o, eminent domain~ insoh'c-IKY. code enforcement. or arrangeme-nb- or proceedings, involving ;J
<br />bankroPf. Of deCedent. then Lender at Lender's option. upon notice to Borrower, may rnake stich appearan..:-e5. -dj:5bur~e ~u,"h
<br />'Sums and take fiUCb K'1ion as i-j neces.sary to protect Lender's tntere\l. including. but nOl limited It). dishun.cment 1.\1
<br />reuonablc .uom-ey', tea and entry upon the Property to mak.e repairs, If Lender required mortgage insurance ii.':i ..
<br />c~ of mwna Chc loan secured by thii Deed of TWil. BorroVt"cr -!'.hail pa)' the premiums required to majni~in sut:h
<br />iM\lf.-nce in eff<<:t unUl such time AS the requirement for such insurance- rermina.te\ in accordance Wilh Borruwer\. and
<br />1A<lder,_ " .ri~ttln~. . _ or applicable Jaw _ .BorrowC:"r shall pay the amount of all mortgage insurance pnemiums in thl:
<br />_n_ provided ~ par.,raph 1. hcr""f,
<br />Any amounts. disbuned by Lender pursuant to \ht~ paragraph 7, With 1l1ter~l therC(lIl. shall btx:umc additional
<br />iadcbf.... of BortoWa'" ICQIf1td by this Deed of TnKl, l)n}m Burrower and Lender agree h> other (emu of payment. stich
<br />I:moufttl-wlt be payable upon ~ from t..endvr to Bo--rro\lft'cr r~questing pay~t ,hereof. and shall be-ar jnremt from the
<br />... of ~ at tbe fa. payable from time to time on oUbtandi"g principal under the Noce un~s paymenl t)f init"ft"-It
<br />at: suclt nd. ~oidd be contrary to applK::able law, in wtuch evt:nr ~uch amounts ~haH bear Interest at fhe highest rale
<br />plm!iMiWe tIftdctt appbcablc law. Nothing cQntained m tht$ paragraph 7 shaH require Lender 10 incur any e->"pC'tlSC ,Jf fa"-e
<br />...y or;Iioo~.
<br />... :' t.-endu ID*Y ~e m 4auw: to he rn~ re~J1lable cntn.eN. lIpon and im.pectlons- of [he Pri-"'perty. JHn,",'fUco
<br />dwa.t l.~__ JIve Sottt)'IJI(1f notKe prun to -~U1y ;\ucb mlpect100 !.>pec.lf)'iol reawnabte cau$C theretoI' relafed !n 1 ('ndet\
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