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I 83-{j06799 0) UNIFORM COVENANTS; Borrower and Lender covenant and agree as follows: 1. Pay......t of PrlndJIIIIIltld Interest. Borrower shall promptly pay when due the principal of and interest on the indebtedne.. evidenced by the Note. prepayment and late charge. as provided in the Note. and the principal of and interest on any Fuwre Advances secured by Ihis Deed of Trust, Z-. ...... fOl'.......1ltId 1_. Subject to applicable law or to a written waiver by Lender, Borrower sballpay to Len<ler on the day montbly installments of principal and interesl are payable under the Note. untiltbe Note is paid in full, a sum (herein ~'Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this J)eedofTrust. and ground rents on the Property, if any, plus one.twelfth of yearly premium installments for hazard in.urance, plU$ o"'Hwelfih of yearly premium installment. for mortgage insurance. if any, all as reasonably estimated initially and from firnetotitne by Lender on the basis of assessments and bills and reasonable estimates thereof. The Funds shall be held in an institution the deposits or accoUnts of which are insured or guaranteed by a Federal or state age.'1C}' (including Lender if Lender is suchan institution), Lender shall apply the Funds to pay said taxes, assessments. insura~;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- ~f- this Dec(t"of Trust that interest on the Funds shall be paid to Borrower, and unless such- agreement is' made or applicable law requires such interest to be paid, Lender shall not be_required to pay Borrower any interest Of earnings on the Funds. Lender shall give to Borrower, without charge, an. annual accounting-of the Funds showing credits and debits to the Funds and the purpoie for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of Trust. Iftl1\> amoont of the Funds held by Lender. together with the future monthly installments of Funds payable prior to the due- d.ates of taxes. assessments, insurance premiums and ground rents, shall exceed the amount required to pay said- taxes, assessments,- insurance premiums and ground rents 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. assessments, insurance premiums and ground rentS: as they fall due. Borrower shalt -pay to lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed by Lender to Borrower requesting payment tbereof. Upon payment in full of all sums secured by this Deed of Trust, Lender shall promplly refund to Borrower any Funds held by Lender. If under paragraph 18 hereof the Propeny is sold or the Property is otherwise acquired by Lender. Lender shall apply, no later than immediately prior to the sale of the Properly or its acquisition by L~nder, any Funds held by lender at the time of application as a credit against the sums secured by this Deed of Trust. 3. Application of Payments. Unless applicable law provides otherwise. all payments received by Lender under the Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof. then to interest payable on the Note. then to the principal of the Note. and then to interest and principal on any Future Advances. 4. Cb~ Lic:aL Borrower -shall pay all taxes, assessments and other charges. fines and impositions auributable to the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, ~n the manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, dU'ectly to the payee thereof, Borrower shall promptly furnish to lender all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly. Borrower shall promptly furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Deed of Trust; provided. that Borrower shall not be required (0 discharge any such lien so long as Borrower shall .agree in writing lo the payment of the obligation secured by slKh lien in a manner acceptable to Lender. or shaH in good faith contest such lien by. or defend enforcement of such lien in. legal proceedings wbich- operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof. 5. HuanllllSUnace~ Borrower shall keep the improvements now eXisting or hereafter erected on the Property iosur.cd against.lost by fire. hazards included within the term "extended coverage", and such other hazards as Lender may r... ;.~ and in such amounts andJor such. periods as. Lender may require: provided, that Lender shall not require that the amoun of such coverage ex.ceed that amount of coverage required to pay the sums secured by this Deed of Trust. The insurance (:arrier providing the insurance shall be chosen by Borrower subject to approval by l.ender; provided. that such approval shall not be unreasonably withheld. AU premiums on insurance policies shall be paid in the mallner provided under paragraph 2 hereof or. it not paid in such manner, by Borrower making payment, when due, directly to the insurance carrier. All insurance policies and renewals thereof shall be in iorm acceptable to Lender and shall include a standard mortgage clause in favor of and in form ac\.--eplable [Q Lender, Lender shall have the righE to hohJ the policies and renewals thereof. and Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of loss. Borrower: shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing. IOsurance proceeds shall be applied to restoration or repair of the Property damaged, provided such .reswrutit)n or repair i~ t:..::onomH:ally .feasible .md the security of this Deed of Trust is not thereby impalred. If such restoration or repair is not economically feaSible or if the ~ecurity of this Deed of Trust would be impaired, the insurance proceeds shall be applied to the sums secured by this Deed of Trust. with the excess, if any, paid to Borrower. If the Property is abandoned by Borrower, \,)[ if Borrower fails !O respond to Lender within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insural1ce benefits. Lender is authorized to collect and apply the insurance proceeds at Lender's oplion either to restoration or repair of the Propeny or to tl1\>.oms secured by this Deed of Trust. Unless Lender and Borrower otherwise agree in writing. an)' such applicati-on of proceeds to principal shall not extend Of' postpone the due date of the monthly installments referred 10 in paragraphs I ,lOd 2 hereof or change the amount of !UiCh instaUmen1s. If under_paragraph 18 hereof the Property is. acquired by Lender, all right, title and inlerest of Borrower in and to any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior !o the sale or acquisition shall pass to Lender 10 the extent of the sums secured by this Deed of Trust immediately prior to such sale or acquisition. 6. I'nMrvalloa...... MaIIole_e of Property; Leaseholds; Condominiums; Plan....d Unit Developments. Borrower malt keep the Property in -good repair and shall nnt commJt wapf' j__r permit impairment or deterioration of the Property and shall comply with the provisions of any lease if this Oet.d of Trust is on a leasehold. If this Deed of Trust is on a unit in a condominium or a plao_ned unit development. Borrower shall perform all ot. Borrower's obligations under the declaratil)n or covenants creating or governing the condominium or planned unit development, the by-Jaws and regulatiom of the condominium or planned unit development, and constituent documents. H a condominium or planned unit development rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such rider ;haU _be inccrpor.ncd into and sb:.!1 amend and supplement the covenants and agreernents of [his Deed of Trusl as if the rider were a part ben:of. 7~' ~ of LaIder'. Security. If Borrower fails to perform the covenants and agreements contained in this ~ of Trust. or 1:f -any aaion or proceeding is commenced which materially affects Lender's interest in the Property, indu4io& but. not limited t91 eminent domain. insolvency. code enforcement. or arrangements or proceedings involvtng ~1 batlk:tu.-pt or decedent, then Lender at Lender.s option, upon notice- to Borrower. may make such appearances, disburse such ~-,_Ai1d Cat.e such action as is necessary to protect Lender.s interest, including, but not limilcd to. disbursement of ......_~ alto~y'. .~. and entry upon the Property to make repairs, If t.ender required morlgage insurance a> a CIlJlditioil of ~ill3 II1\> luan ....ured hy thi< Deed of Trust, Borrower shall pay the premiums required to maintain such i~,_m-e(f~ until $U:Ch time"as. the_ requirement for such insurance terminates in accordance with Borrowe.r's and ~), wriUOll ~_ or' applicable. law. Borrower sbaH pay the amount of all mortgage in~-urance premiums in the ~r:~~~(~~~nlto this paragr.-ph 7, with interest thereon, shall become additional ~ <;>tllyrrower SC<;\lred by thioDeed 01 Trust. Unless Borrower and under agree to other terms l,f payment. such _,.11 be pay.hle npen noticeJrom 1..,!Wler to Borrower .request;n. p"ymentthereof. and shall bear ,"terest from the _4t~~ tl!e"~ payable. I~_ time to time on outstanding principal under the NOle unless payment of intere.t _ ti.dt rate would be "<mtury to. applicable )aw. in which event such amounts ,hall bear interes. at the highest rate ~ ~ .,pl.iQble law. Nothl"ll contained in thi. paragraph 7 .....11 require Lender to .ncur any expense or take altyKllOQ ~. ...~ lAnder_y make or"._ to be _de ......""noble entri.. upon and inspections 01 the Pro""rty, provided :=...~~~ """"" vr- to any such i""l""'tion .poeifyinB roawnable. ca_ .herdor ",Iated to Lender's