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<br />83,;;;;. {) 0 6702
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. PIIymenl of PdncipaJ and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtednes$ 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 Trust.
<br />1. F1III4s for TOM aud- Jnsunmce-. Subject to applicable: Jawor to a wriuen waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and imercst arc payable under the Note, until the Note is paillin fult
<br />a sum (herein "Funds") equal to onc~twclfth 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 one-Iwelfth of yearly premium instaUmenls for hazard insurance.
<br />plus one-twelfth of yearly premium installments (or mortgage insurance, if any, all as reasonably estimated- initial1y and .from
<br />time to time by,-Lender on the basis of asse.uments and bills and reasonable estimates lhereof.
<br />The Funds shall be held in an i~jtution the deposits or accounts of which arc insured or guaranteed 'by' a Federal' or
<br />state ngency (including Lender if Lender is such an institution). Lender shaH appiy jhe Funds. to pay said ,taxes, assessments.
<br />insurance premiums and ground rents. L-eodcr may not charge (or so holding and applying the Funds, analyzing'said'-3c(:ount
<br />or verifying and compiling said asse.uments and bills, unles..'i lender pays Borrower interest on the Ftmds nnd applicable law
<br />pennits- Lender to make such a charge. Borrower and Lender may agree in writing at the time of ex.ccution .of this
<br />Deed of Trust that intercsl on Ihe Funds shaH 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 inlerest or earnings on the Funds, Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and dchits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds arc 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- t(1
<br />the due dates of taxes. assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes.
<br />:lssessmcnls, insurance premiums and ground rents as Ihey fall due, such exctss sh..1I be, at 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, insurance premiums and ground -rents as they fall due.
<br />Borrower shall pay to l.ender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by tender to Borrower requestiJ'tg payment thereof. ..
<br />Upon payment in fun of an sums secllred by this Deed .of Trusl, Lender shall promptly.refund to Borrower any Funds
<br />held by lender. If under paragraph IS hereof the Property IS sold or the Property IS otherWIse acquired by Lender. Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its .\cquisition by Lender. any Funds held by
<br />Lender at the time of application as a credit against the sums sccured by this Deed of Trust.
<br />3. Application 'Of Paymenls. Unless applicable law providcs olhcrwise, all paymcnts received by Lcnder under tllt.~
<br />Note and paragraphs 1 and 2 hereo[ shall be applied hy Lcnder fir::;! in paymcllt of anlounts payable to Lender hy Borrower
<br />under paragraph 2 hereof. then to interest payable on the Note. then 10 the princip.i1 of Ihe Note. and then to intercsl and
<br />principal 011 any Future Advances..
<br />4. Charges; I..iens. Borrower shall pay aft t,;ncs. assessments and other charge~" fines and impositions. ;tuributablc to
<br />the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof Of, if nOI raid in such manner, by Borrower making pnymcnt. when due, directly
<br />to the payee thereof. Borrower shall promptly furnish to Lender .111 notices of :lmOlll1ts due under this paragraph, and in the
<br />event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts cviJcllcing such payments,
<br />Borrower shall promptly dischar~e any lien which has priority over this Deed or Trust: provided. th~t Bor.rower sh:11I not PC
<br />required to discharge any such hen so long as Borrower shall agree in writing IO the payment of the obit gat ion secured by
<br />such hen in a manner acceptable to Lender. or shall in good faith contest slIch lien by, (lr defend enforcemC'nt of such lien in.
<br />legal proceedings whic.h operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. HazanlllUU~. Borrower !'hall keep the improvements now eXlsling or hereafter erected on Ihe Propt:-'" insured
<br />against loss by fire. hazards included within the term "e.'\lended covemgc". anJ such other hazarus as Lender ma, J cquirc
<br />and in such amounts and for such periods as Lender may require; provideJ. that Lender shall not requirc Ihat thl' al.Jount or
<br />such coverage exceed that amount of coverage required" to pay the sums secured by this Deed of Trll~t.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subjccl hl ..ppro...al by l.ender: proVided.
<br />that such approval shall not be unrcasonahly withheld, All premiums 011 insur:mcc policies shall he paid in the manner
<br />provided under paragrapb 2 hereof or, if not paid in such manner. by Borrower making payment, \\.'hen duc. directly to the
<br />insurance carrier.
<br />AU insuranee polities and renewals thereof shall be in form acccptabic to Lemler and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender shall have (he right to holJ the policies and renew:1h thereof.
<br />and Borrower shaU promptly furnish to Lender all renewal notices ;lnd all receipts of paid prcmiHms. In the event of loss.
<br />Borrower shall give prompt notice to the insurance carrier anu Lender. Lender m;IY make proof or lo!;s if not made promptly
<br />by Borrower.
<br />UQless Lender and Borrower otherwise agree in writing, insurance proceeds ~h:'lll he appiicd 10 resloration or repair of
<br />Ihe Property damaged. provided such restor-ation or rep~tr .s economically feasible ;md the sc-cllrity or this Deed of Trllst is
<br />not thereby impaired. If such restoration or repair is not economically feaSible or If the sccunty of Ihis Deed of Tn!'..t would
<br />be impaired, the insurance proceeds shall be applietllo the sum$ set:urcd by Ihis Deed of Trust. with the C\cc.<>s. if any. paul
<br />to Borrower, If me Property is abandoned by BOrrl)Wer. or if Horrowc:r fails to respond lrl Lender within 30 days from the
<br />date notice is mailed by Lender to Borrower that the insurance carrier offers 10 settle ~I daim for insurance bcncfil~, Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to rCSlOratlon or repalr of the Property
<br />or to the sums secured bv this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing. .In}' :mch application of proceeds to principal ~hall not ntcnd
<br />or postpone the due date of the monthly installments rercrred to in paragraphs 1 ~nd ~ herc-of or dmngc the an1Qunl (II
<br />~uch installments. If under paragraph I S hereof the Property l~ ~lcquircd by I.emler, all nght, title lIno inlcrc~t of Horwwcr
<br />10 and to any insurance policies and in and to the pnKeeos thereof fC~lIltl1lg 110m dalllage tll the Property pnpr 10 the l'oak
<br />or acquisition shall pass to Lender to the extent or Ihe sums secured by this Deed ot Trust imrnc-dialcly prior to \lJch :sale (II
<br />acquisition.
<br />6. Preservation and MaiotenaD_ce of Property; Leaseholds; Conduminiums; Planned Unit nevelupment~. Uorro\\cr
<br />,hall keep Ihe Property In good repair ..\nO shall !lOt coOlnnt wasle ll;" pcrmll 1Il1pLllrmcnl l'ir Jctcrit'ralioll pf the Property
<br />and shall comply with the provisions of uny lease if ihl.s Deed of Trust is on <l lca~choid. If this Deed of Trust is on a unit in ~,
<br />condomin-ium Of .3 planned unit development. Borrower shall per10rm all of Borrower's obligations under the declaration
<br />or covenants creating or governing the condominium or planned unil dcvclopmcnl. the by~laws .,nu regulation". of the
<br />-condominium or planned unit development. .and constituent uocumcnl~. 1f a condominium or planned \.lnlt developmellt
<br />rider is ~xecuted by Borrower and recorded lot,>ether with this Deed of 1 rust, the covenanlS aou agrecmcnl... {)f _...u<.:h r~dcr
<br />shall he Incorporated into and shall amend and supplement the covcmW1S and agreements of thIS Deed (II Tru~l '-l~ If the nJu
<br />were a part hereof.
<br />7~ PFGtection or Leockr'-s s<<urit)'. If Borrower fails to rcrft.1rrn lhe covenants and ~lgrt"l:O\cnh t"!ml:aifH:d in ,hi,
<br />Deed of TrUSt. or if any i.l-clion or proceeding .is ('ommenced whi(.h materially alft.--CI~ Lender":; interest in the Prnperl)'.
<br />includjng~ but nol, Jimit-ed to, eminent domain, insolvency, cod\': cnh.'lrcemcnl. or arr~tngcments Of procceJlng\ involvlllg :j
<br />bankrupt or dECedent, then Lender at Lender's option, upon notice !o Borrower, rnay m~ke such appcaranu;~. di..hlHsc Slh..:h
<br />su.nu and take such action as is necessary to protecl Lendcr"s IOtere~t. induding. hut nor limited to, di~hur~L'InC!J1 \11
<br />n:mso,n.ab1c aUor~':s. tces and entry upon the Pro~rt}' 10 make rcp~lifS. if 1.enJcr r('4~Jircd mOf.lg:lgC' i!1~Ulall,-~L' ;1\ ;1
<br />condi-hon of makmg the l-oao secured tly this Oeed or Trust. Borrower shni! pay the prcnllum~ fC4ulrcd tn m,tlllt~lIn "Ill'!)
<br />insurance in effect until such time as the n.-quiremeot for s-u-ch insurance !cnninatc5 in ;lcl.:ordan(t,: with th)frower\ ,1IH_l
<br />l...ender', wf'iucn agreement or applicable law. Bor-rower -shall poty the Jffio\mt of all lHortg<i~C m:\lHaJ\~1; prcflliurw; HI !In'
<br />manner provided under paragraph 2 hereof.
<br />Any .&.>>wq-nts disbth-;.ed by Lcnd~r plli'$'uant tG t!'H~ par<1giaph 7, wi:h :at~ie~.t thereon. ".11;t!1 hCl:tHne ;~ddl!H'n;!j
<br />loochfcdnes.'l of Borrower !lCCUred by thrs Deed of Tru~l lJnlcs!'l Borrower and tenda agree to other IcnTlS ot paYOle-nL "\H,:h
<br />.U1101.UU11. 'MH be payable upon nt1tice fn'lltl Lender to Borrower req\ICMwg payment thereof. and lIohall hear intcrcsl fnHH Ihe
<br />date of dilbunemcn.t at the rate payahle from time 10 time on outstanding princ;ipal under Ihe Nt)le unlcs'j payment of in!cn~.,t
<br />at tueh, r-atc: w-oukt be .;-ootrary to applicable law. in WhfCh eve.nt such -amounts ~hall ~ar mtcre-.I at the h*he~l ri\r~
<br />petm~ble unde-r il:ppheabk law. Nothing contained in thi~ paragrnph 7 !.haH fCqUl(~ Lender to Incur ill1\' c:.'pcns~ l~r takt'
<br />'''y lItt.(><> norn.."der"
<br />.. l.,.atoa.- Lender may m8:k~ \.1-T (:-aU'C In ho: made fe~~or1abk tt!tri~':\. HJ-'tOn ~ln,j lll~f)C('ll~)n~ {It lhe Pr\'llx~rlY,
<br />iiul tcndet ,hali .tvc< fWrrower nuhcc P.fU)f' to ~t\y fill:h .I')i.~';;ilo-n ~pe-cjfY-l:ng re:{!io-nahk Cduse Iht'rdOf lj;"latcd (;-~ \~ndc(.~
<br />ltltM&1 u.. the Prnocrtv,
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