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<br />UNIPORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />.1. Payment of Prlndplll and InleRS!. Borrower shall promptly pay when due the princip.1 of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges a. provided in the Note, and the principal of and intere.t
<br />on any Future Advances secured by this Deed of Trust.
<br />Z. P....... for Taxes and J_l'tllJee. Subject to applicable law or to a written waiver by Lender, Borrower .ball pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note. until the Note i. paid in ful!,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority- over this
<br />Deed of Trust. and ground rents on the Property. .t any. plus one-twelfth c:f yearly premium installments for hazard insurance.
<br />plus onewtwelfth 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 be held in an institution tbe deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if l.ender is such an instirution). Lender shall apply the Funds to pay said taxes, assessments.
<br />insurance premium.'j; and ground rents. Lender may not charge for so holding and applyjng the Funds, analyzing said account
<br />or verifying and compiHng said assessments and biBs, unless Lender pays Borrower interest on the Funds and applicable Jaw
<br />permits Lender to make slIch a charge. Borrower and Lende,r may agree in writing at the time of execution of this
<br />Deed of Trust that interest on the Funds shaH be paid to Borrower. and unless such agreement is made or applicable Jaw
<br />requires sllch interest to be paid, Lender shall not be required to pay Borrower any interest or eamin~s on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to (he Funds and the
<br />purpose for whieh each debit to the Funds wa. made. The Funds are pledged as additional security for the sums secured
<br />by this Deed of Trust,
<br />If tbe amount of the Fund. held by Lender. together with the future monthly installments nf Funds payable prior to
<br />the due dates ot taxe..\, assessments. insurance premiums and ground rents, shall exceed the amount required to pay said taxes.
<br />assessments, insurance premiums and ground rents uS: they fall due, such excess shalt be, at Borrower's option, either
<br />promptly repaid to Borrower or credite-d to Borrower on monthly instanment~ of Funds. If the amount of the Funds
<br />held hy Lender shall not be 5ufficienl 10 pay taxc~. as.."+Cssments, insurance pre~iums and ground rents as they faU ~ue,
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency Within 30 days. from the date notice is maJled
<br />by Lender to Borrower reque.<ting payment thereof.
<br />Upon payment in full of all sums secured by this Ot..~d of Trust, l.ender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 he:reof the Propeny 1<; ",old or the Property is o,thcrwise acquired by Lender. Lender
<br />shall apply, no later dUlIl immediately pnor 10 the "ale of the Property Of its acquisition by Lender. any Funds held by
<br />Lender at the time of application a~ a credit agai~sl the sums secl~red by this Deed of Trust.
<br />3. Applkatlon of Paymenrs. Unless applicable law proVides othef'A'lse, all payments received by Lender under the
<br />NQ-te and paragraphs 1 and 2 hereof :sh~-l1J he applied hy Lender firsl In p-aymem of amounts payable to lender oy Borrower
<br />uDder paragraph 2 hereof, then to interest payable 00 the Note, then to The principal of the Note. and then to interes.t and
<br />principal on any Future Advanc-C1.
<br />4. CbarJt5-: Liens. Borrower shall pay all f.ilXe~. JsseSsments and other charges. fines and impositions attributable to
<br />the Property which may attain a pnonry over [his Deed of Trust. and lea.~hoid payments .or ground rents. if any, in the
<br />manner provided under paragrapn 2 hereof Dr. if not pajo in such manner. by Borrower makmg payment. when due, djiect~y
<br />to the payee thereof. Borrower shaH promptly furnish Ii) l.ender an notlces.of t\mOllnts due u~der this paragraph, and in the
<br />event Borrower -shall make paymenlltircctly, Borrower shall promptly furnish to I,ender receipts evidencing such payments.
<br />Borr?wer shall promptly disch_arge any lien which has priority oYcr this r~cd of Trust; provided, that Borrower shaH not be
<br />reqUired to discharge any such lien so long It'' Horrower "dudi agree m \"'Tltin~ h.1 the payment of the obligatIOn secu~ed ~y
<br />'iuch hen In a manner accc:ptab~e 10 Lender, or shallm good Ialth COnlest such hen by. or defend enfurcement of stich hen 10,
<br />legal proceedings which operate to prcyem the enforcemc:nt o-f !he hen OJ" forfeiture of the Property or any part l.hereof.
<br />S. HuanllftlUl'aDtt. Borrower shaH keep the Improvements now eXIsting or hereafter erected on the Property Insured
<br />agamst loss: by tire, hazards il1chldcd within the term .'ex.tended ("overage", "od such o[her hal.ards as Lender may requir~
<br />Gnd in such amounts and for such penods a~ Lender ma.y reqUire; provided, that Lender shall not reqture that the amount of
<br />!luch coverage exceed that amount of coverage rcquJrt:-d 10 pay th~ SWU\ ~ccured by this Deed of Trust.
<br />The insurance carrier providjng the iO""',lrance ~hail be chO\cn Py Borrower subject tt.' approval by Lender: provided.
<br />that such approval shaH not be unreiLwnably withheld All premiuf'n_~ on Insurance policies shall be paid in the manner
<br />provided under paragraph ;:; hereof or, if not paid in such maOfl(:r, by Borrower making payment, when due. directly to the
<br />Insurance carrier.
<br />All ins.uran~e policies ~nd Tefltwah fher~ot shall he fI) h\rm acceptable 10 Lender ~tnd shall j~c111de- a standard mortgag~
<br />clause in favor of and in foml acceptahlc w Lender Lender :<>hall have the fight to hold the polIcies and rcn~wals- thereol.
<br />and Borrower s.haH promptly furnish to Lender all renewal fH.)ticcs and ,Ill receipts of paiJ premiums, In the t:venl of loss.
<br />Borro\'Jer shall give prompt nolu;e to the Hl$UrantX \..arne.r .tHU Lender. l.ender m::IY make proof of Joss Jf no[ m;:tdc promptly
<br />by Borrower.
<br />Unlesllo Lender and Borrower otherWIse agree in \\ dHng, m~urani.:~ pli..x:eeds ..hall be applied to re~lOration or repair of
<br />the Property damaged, provided s.uch reSlOratton or repiHf j" c(:onomlcully ICil,>,blc <Iud the security of thiS DeeJ of Trust fS
<br />not thereby impaired. If such restoration (>J" repair IS ntH economically fC3!iiible Of II the <,:ccurity of this Deed of Trust would
<br />be Impaired. the ins-uranl..'C proceeds- shall be applie--d (O the sum., s(:i,,;ured by this Deed of Trust, with the exccs.-s, If any, paid
<br />to Borrower. If lhe Pro-pc-J"t)' is abandone-J by 80Hl.1WCr, \ll if Borro....er fails 10 fC.i()oIHJ to Lender within 30 days from the
<br />date notice is mailed by Lender to Borrower that the insurance carrier offers !O seule a daim for insurance benefits. Lender
<br />is authorized to coJlect and apply the insurance proceeds at I.ender"s option c1ther {O restoration or repair of the Property
<br />Of to the sums secured by this Deed of T rusi.
<br />Unless Lender and Borrower ()tbCN'ise agree 111 wnting, any such applicatIOn of proceeds to principal shall not extend
<br />or postpone the due date of tbe monthly InMallment~ rdelft'd w in paragraphs I and .2 hereof or change the amount 01
<br />such installments. It under pa.ragraJ>i:t 18 here-of lhe Property IS <lcquired .by Lender. all right. title and interes.l of Borrower
<br />in and to any lO$-urance policies and in and to tbe: pCi.:~t:eds thereof resuilmg from damage Hl the Property pnor to the sale
<br />or acquisition shan pas.s to Lender to the eX-lent of the sums :,.&urc-d by thiS D<<d of Trust Immediately prior to such sale or
<br />acquisition.
<br />'" Prfsen..tIon and MaiDteaaoce of Property; Leasehol-ds; Coooominiums; Planned Unit ne"elopments. Borrower
<br />..hall keep the J>ropcny m go{)d repair J.fld shaH nOl commit \\a~tJ.: dr permit impairment or deterioration of the Property
<br />and shall compl)' with the provi:$ions of any lease jf lhis Deed .of Tru~l is on a le~ehoJd. H this. D~d of Trust is on a unit in a
<br />condominium or a planned unit development, Borrower shall pcdorm aU of Borrower's obhgallOns. under the declaration
<br />or covenants creating Of governing the condominium or planned unit development, the by-laws and regulations of the
<br />condominium or -planned unit development~ and constituent documents. If.<t condominium or planned unit develop men I
<br />rider is. uccuted b-y Borrower and recorded together with this Deed of Trust. the covenants and agreemems of such rider
<br />s.hall be incorporated into and shall amend and supplement the covenants and agreements of this Det-d of Tru.st as if the rider
<br />were a part hereof.
<br />7. PnHedIoA of l.kuder.s SKwil)-'. If 8orrowtr fat1~ to perform !hc covenants and agrcement~ contained in this
<br />Deed or Trust. or if any 31;-tion or proceeding is ,'ommc-n-ced which matcl'ialiy affects Lender's interc:;;l in the Property.
<br />iocludina:. hut not limited 10-. eminent domain, insolvenc)', .:ooe- enforcement. or arr<ingemen~ or procecdingJ:. involving ~
<br />bai1krupt or dee-eden1. then Lender at Lender's option. upon notice to Borrower, may make such appearances, ,fishul"SC such
<br />WInS and take 'Wc~ action as is necessary to protect l..end-er\ iriteies.t. including, hut no.t limited la, d~~bur.sell1cnr p!
<br />reuonabSe Attorney s feci and entry upon the Property to make re-p.urs. If Lender reqUIred mortga_ic msura;m:c ,-h ~
<br />~io~ of making the- Joan S(C-ured by this Deed of -trust, fkxwwer shaH pay the premiums required t{.. mairHam such
<br />tMUfanee irt effOCl until such time- u the requirement (or such insurance terminah..>-s in accordance with Borrower's and
<br />l..eo4et. '$ Writt~I1,..a.areement or appUeab-te law, Borrower shaH _pas the amQunt of all mortgage insurance- premiums in th~
<br />,"allOtr pnwided Ull<lllr paf1llrapn 2 hereof. .
<br />_ AJiy_ ~t$ -ditbuned_ by Lender purSU-tlJH 10 thiS paragraph 7, with imerest therc...m, shaH pctOtl)C additional
<br />i~-o-tBQn-owe:r~ by this Deed of Trus!_ Untes~ Borrower and l,cnder a.gree to (ithcf lerm~ of payment. ~lKh
<br />a_ltlti ,hall be pay.l.>kl upon _ice fm'll Lender to Borrower reques'ing payment thereof, and .hall heor ioterest from the
<br />~ ()f disbu~~f at tbe. rate paya,t)k from lime to time (H) outstal-1tftng prin-cipal under the NVfe unless payment cd interest
<br />at ~h n\te v.'OUld he contrary to applicable Jaw, in which eVent *iuch amv-untl' ,haJj bear intereM il1 the highes.t rate
<br />~... under Ip,plkab-te I..", Nothing con4\jncd in this p'dfagraph '1 s.hall re-qullc Lender t-n incur any expense {"or take
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<br />,may makt {)f I;au$e to b(' mll\~ n:awnaNc enloe-x \1P\H-I ,,*ft\! i1l1;pet'll')P.1; of [he- PHlpcrty. I'r~hIJ-l:d
<br />Dortow~ ootit"C prior to ;.lilY Juett It>>pt,ctlotl :specifying reas.onahk ;:au'!l( thcrdof rdfltcd b;l I enJn',-,
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