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<br />8.3...... 0(;6552
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<br />UNIFORM CoVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. Poy_ of PrInclpl11 and Inkresl. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Deed of Trllst.
<br />:z. P....f... T_ and~. Subject to applicable law or to a written waiver by Lender. Borrower.sballpay
<br />to Lender on lhe day monthly iostallments of principal and interest are payable under the 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 attain priority over ~this
<br />Deed of Trust, and ground rents on the Property, if any, plus oDC-twelfth of yearly premium installments for hazard insurance,
<br />pI"" 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 be 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,assessll1.ents,
<br />insura""e premiums and Ilround rents. lender may not charge for so holding and applying the Funds, 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 and lender may agree in writing at the time, of. execution- of this
<br />Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable- law
<br />requires such interest -to be paid, Lender shall not be required to pay Borrower any interest or eamings on the Funds. Lender
<br />shan give to Borrowe.r. without cha-rge. an. annual accounting of the Funds showing Credlt~ and debits to the Fu~ds 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 />by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of funds payable prior to
<br />the due date$ of taxes.. assessments. insurance premiums and ground rents. shall exceed the amount required to pay said taxes..
<br />assessments, insurance premiums and ground renlS as they fall due, such excess shall be~ al Borrower's option. either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the .amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes. assessments, insuran"ce premiums and ground - rents as they faU due.
<br />Borrower shall pay to Lender any amount necessary 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 full of all sums secur(:d by this Deed of Trust. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereo~ the Property 1'\ sold or Ihe Property is otherwise: acquired by Lender. Lender
<br />shall apply, no later than immedIately prior to [he "ale of the Property or its acquisition by Lender. any Funds held by
<br />Lender- at the time of application as a credh against the sums secured by this D~ed of Trust.
<br />3. AppIkation of PaYIllfl1ts. Unless applicable law provides otherwise. all payments received by lender under the
<br />Note and paragraphs I and 2 hereof shaH be applied try Lender first in payment of amounts payable to Lender by Borrower
<br />umitr paragraph 2 hereof, then to inter-est payable on (he Note. then to the principal of the Note. and then to interest and
<br />principal on any Future Advances.
<br />4. CharJn; LinIs. Borrower shall pay all t::l\e'i. a..sessment\ .Htd other t:harges. nnes and impositions artributable to
<br />the Property which may attain a priorifY over {his Deed of Trust. and leasehold payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof Of". if not paid m !Ouch manner, by Borrower making payment. when due. directly
<br />to the payee thereof. Borrower shall promptly furmsh to L-ende-r all nOllces of amounts due under this paragraph. and in the
<br />event Borrower sh.aJt make payment directly. Borro'Wcr shall promptly furnish to Lender rcc~ipts evidenCing such payments.
<br />Borrower !h.all promptly discharge any lien whu:h has pflOrlty o.....er thiS Deed of Trust; prOVided, that Bor.ro\\:er shall not be
<br />reqUIred to d&hargc any slK:h lien so long a~ Borrower <;hall agree In writing It') the payment of the obligatIon secured by
<br />such lien in a manner acceptable to Lender. Of $hall In &(...00 l.uth conlest ,;;ueh lien by, or defend enforcement of such lien in.
<br />legal f.roceedin-gs which Op<<8te 10 prevent the cnf;.J~ement ()f the hell ur forfeiture of the Property or any part thereof.
<br />. Huanllultfllll<<. BofJuwcr \h3H keep the Improvemenls now C"lstlOg or hereafter erected on the Property insured
<br />against toss bv fire. haunts included within the term "e"tendeJ ,"overage", and su..:h other hazards as Lender may require
<br />and in !ouch amounts and for ~u..:b penoo.s a~ t,ndt:r ,may rcquir~; pnn-'j(.led, Ihat L.ender, shall not require that the amount of
<br />such covera&e e-.ceed that amount -of {:Qverage reqUIred to pay the sum.. 5e(:ured by thiS Deed of Trust.
<br />1'he insurance carrier pro\'ldin,g the in'mrancc ,hall he dlO.......n by Borrower subject to approval by Lendcc provldeu.
<br />that -such approval shall nol be unreasonably withheld. All premiums on il1surance policies shall he paid in the --'llef
<br />provided under par-aarapb 2. hereof Of. it not patd In '$uch manner. by Borrower making payment. when due, directly ,('I the
<br />insurance carrier.
<br />AU ins.urance pohcie'l and refle'wl.als- thereuf "l.haU M in form o}l.:l..'Cplabk [{l Lender and s.haH include a standard mortgage
<br />clause in favor of and In form 'lc'C_eptahJc to Lender_ Lcn-dc-r ,hall have the righr 10 hold the pol,1cics and renewals lhcn.--of.
<br />and Borrower shall prompdy furmsh to Lender ;,li n'ne",al notl>:C\ and all rc(;clpts of paid premHJO\s. In the event of loss,
<br />Borrower shan .give prompt notKe (O the :n'iuram;c I,:.tftlcf dOll Ll:lldtf, Lellder ma.y make proof of los.s jf not made promptly
<br />bv Borrower
<br />.- Unlcss Lender and ik"lrnlWer l)lru:-rv.ne ligree in \.\ntlng, In\warKC pro(.'crds ,hall be applied to resloration or repair of
<br />the Propcn)-" damaged. pro"ided ~uch resl~n.tlh\!l ~lr reran 1.. cl.onotn!\.'dlly tc-a\.lblc ,lnd the SCl:tlrtty of this Deed of Trust ,,,
<br />not thereby impaJfed. If s.u~h ru.tOTallon {)f rerall. l~ nOI cCHr\omK:aHy fe--as.ible or It the \C'("unty of thi:io Deed of Tru~t ,,,'ould
<br />be Impaired. the insurance pf(}l;.-<<ds ~hall be applied to the sunh senlfed hy rhi"i [ked of Trust. \'\.'Ilh the cu'css, if any, paill
<br />to Borrower. If fhe Propert}' ,\ abandonct.1 by Borhl'\.\er. (,r it li\..rr(I\Iocr fails. to rc~pond to Lender wilhin 30 days from the
<br />date notice is. mailed bv Lender to Borro\Aoer that the IO:.UHUKt' (1lf!lcr ~)ffcr, to scutt! a claim lor IOSllfancc beneflr';., Lender
<br />IS AUlhonzcd to collect and apply th~ in"uran'~ fHOI,:e<<t\ ill Lender's \)puon either to n.."$lOrallon or repair of the Propeny
<br />or '0 the sums _ure<.! by this Deed of Trust.
<br />Unless Lender and Borrower Nherwise agree In Writing. i!n)" ~uch application ol proc~~ds to principal shall not l:xtend
<br />or JXlStpoM lhe due date of the monthly instaUmenh reterred 10 Itl paragra.phs I and 2: hereof or change the amount (If
<br />such instAllments. If under paraaraph l~ hereol the Property IS aC4uired by Lender. "u right. title and interest of Borrower
<br />in and to any inSUfaru.--e poliC-l~ and In and to the pfi.X~S thereof resulting from damage to the Property prior to the ~ah.:
<br />or acquisition shan pass lO Lender to the c.\tent of rhe sum~ secured by thiS Deed of TrUM immediately prior to ~UC"h sale or
<br />acquisition,
<br />6. Prearvadoa ~ MlliMelUUlCe of Propt'rty; l.l"uebotds; Condominiums; Planned lJnit ~velopmen.s. B(\rrower
<br />..haU :keep the Propert!' m gOt-xi repa.lr .:ulll shall nO{ ~umn'llt \1l3StC N pernHI Imp.t1rnu:nt l)r JctcnoraIlon of the Propert)'
<br />;,md Ulall comply with the provisions of any leaS(: if this Deed (If Trust i~ on a lease-hold. It this Deeo of Trust is un a unit in a
<br />cottdotntOIWU or a planned uni' development. Borrower shall pe-tform all of Borrower's obligations. under the declaration
<br />or -covenants creating or goveroing the cQUdoffiU\lU1l1 Of planned unit development. the by-laws and regul.ali(lO!o of the
<br />condominium or phmned unit dc,'elopment. ~md COnstltuenl d,,:lCumenh-_ If a condominium or planned 1l0lt development
<br />rider is c:x.ecutcd by ~rrQw...r and recordcrl together ""'lln thiS Deed 01 Irma. the I.:ovenants and agreements of _such r~der
<br />shall be tncorporated mto lInd shalt amend and supplement the co-"enanb and. agreements of Ihis Deed !Jt Trust .l::'i If the m..lcr
<br />were a part hereof.
<br />7. ~ or l..aMler's Security. if Borro""Cr tails to perform Ihe covenants and agreemenb cNltamcd in lhi..
<br />Deed of Trust, or if any 4CtKm or- pt"OCC'eding is commenced which matcnaUy affects Lender's inler~t in the Property.
<br />ioc;:luciiDa-. but not limited. to. eminent domain. IRsoJ\'etlCy. code enforcemenl. Of'" arrangements or prOl:eedings Involving a
<br />"-nkrupt or de\."'edent, then under at Lender's option, upon notIce (0 Borrower, may make such appearances.. \.Ii~bursc s,u;;h
<br />sutm. and take- such action as IS; ncc.eua.r)' to prOtect Lender's imerest, indudmg. hut not limiled to. di~outscment ot
<br />reatOBabto attorney's fea. ~nd entry upon the Property to make repairs, If ~ender required mortgage in~urancc .\, <l
<br />~ of mu.tns the loan secured by this [)eed of Trust, Bor,rower shalt pay the premiums required In maint;:ufi ~H~h
<br />l~ in dIcc! until sudl time 11$ the requirement tor ~uch lO~urance rermlnates 10 aCl:ordafl\;e WIth Rorrower's and
<br />Lea4et's wriucn 'creemcat Of appNa.ble law. Borro\\'er shall pay the .am-oum of all mon,gage in~urancc premiums in the
<br />malUlCl" pro.;ded uader ponor;raph 2 hereof
<br />~ amounb: disboned by lender pursuant to tbit. paragraph 7. WIth inler-est thereon. s.hall !)Co..OJ\l<: addith,m.al
<br />itMlcbt __ of 8orlO'WCcf s.ecured by thlt. f>eed of TfU$-l. Unless Bo-rrow-er and l.ender agree to other term~ of p..'i}'ment, 'uch
<br />a:mount& shalt be payable- upon nottce from Lender 10 8orrower requesting payment thereof. 3nd shall bear interest h"Oln Iht"
<br />dMtt of ~t at the- rate payable from time to time (~n out-standing_ rrmcipal under the Note uolns payment. of tnterest
<br />al such_ rate; ~ -be: contrary to appllt'"able- law. in wtuch event ~ucb ~tnouot\ ~haH bear IOref~t at the hJghe:Sl ntc
<br />pormiaible ..., applit;ablc law. Nothinl contained in th" pa.alf'ph 7 sh.1I .equi.. Lend"r ll, mcur any expo_ or take
<br />"'f~~.
<br />.. ~ t~ may tnAkc or,cause to be made ft:a~.bfe entn~ up:m and 1f1:'l*'tlllO.'S of the Proper.y. pwvided
<br />.t ~ i'-U p~ Bor-ro'WCf nobce pnOt to all)' ~-h U'K-p<<It\.lh i.pecJfYifi.8 ~.wnabJ.e ".a-me therdoT n~.lated 10 Lender\.
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