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r I 84 -002756 UNIFORM COVENANTS. Borrower and l.ender covenant and agree as follows: .1. hYfMnt of PrilH."iplll and In.erest. Borrower shall promptJy pay when due the principal of and interest on the Indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed of Trust. 2, Po""" fur T_ a"" I............, Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly installments of principal and interest are payable under the Note, until the 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 Deed of Trust, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium installments for mortgage insurance. if any. all as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof. The Funds shall be held in an institulion the deposits or accounts of whjch are insured or guaranteed by a Federal or state agency (including Lender if Lender is such an institution). Lender shall appJy the Funds to pay said taxes, as~m,en~s, insurance premiums and ground rents. Lender may not charge for so holding and applying the Fun~ 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 execulion, of ,; ~,is Deed 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 or earnin,~'on'tMrFur~d.Cj.; Len~e:r shall give to Borrower. without charge. an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the lums':secured by this Deed of Trust, If the amount of the Funds beld by Lender. together with the ruWre monthly installments of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to,_pay said ta~~. assessments, insurance premiums and gwund rents as they fall due. such ex:cess shall be, at Borrower~s op<<ion, e~ther 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:.~ falLdue. Borrower shall 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 thereof. Upon payment in full of all sums secured hy this Deed of Trust, Lender shaii promptiy refund to BOrrowt'Y any Fundi- held by Lender. If under paragraph 18 h<<::rcof the Property is sold or the Property is otherwise acquired by l.ender. lender shall apply, no later than immediately pnor to the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time cf application as a credit against the sums secured by this Deed of Trust. l. APlllicadon of Payments. Unless applicable law prOVides otherwise. all payments received by lender under the Note and paragraphs 1 and 2 hereof shall be apphed b~. Lender first In payment of amounts payable -to Lend~r.. 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. Chmaes: LiellS. Borrower shall pay aU (axes. assessments .md other charges. fines and impositions attributable to the Property which may attain a priority over this Deed of Trust. and leasehold payments or ground rents, if any, in' the manner provided under paragraph 2 hereof or, if not paid in such manner. by Borrower making payment. when dul, di~tly to the payee (hereof. Borrower shall promptly furnIsh to Lender all notices of amounts due under this paragraph. and in the event Borrower shaH make payment directly. Borrower shall promptly fUTrlish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has pnorilY over thIS Deed of Trust; provided. that Borrower shall, not be reqUired to discharge any such lien so long as Horrower shali agree tn writing ,to the paymeni of the obligation secured _by such hen an a manner acceptable to Lender. or shaU 111 good f~uth contest such hen by. or defend enforcement of such lienjn. legal proceedings which operate to prevent the enfo~ement of the lien or forfeiture of the Property or any pal't thereof. s. Hazard I_race. Borrower shall keep the Improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended covcmgc". and such other hazards as Lender may require and In such amounts 3nd for such periods as Lender may require: provided, that Lender shall not require that the amount of '\uch coverage ex.ceed that amount of coverage reqUIred to pay the sums secured by this Deed of Tmst. The insurance carrier providing the insurance shan be chosen by Borrower subject to approval by Lendc_r; provided. that such approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner provided under paragraph 2 hereof or. if nOI paid in such manner, by Borrower making payment. when due, directly to the insurance carrier. AU insurance policies and renewals thereof shaH be in form acceptable to Lender and shaH include a standa_rd mongage clause in favor of and ili form acceptable to Lender. Lender shall have the right to hold 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 gtVC prompt notlce 10 the Insurance l:arrier and Lender. Lender may make proof of loss if not made promptly b\' Borrower. . Unless Lender and Borrower otherwlsc agree in \>,..nllllg. Insurance procf.."eds shall be applied to restoration or repair or lhe Pwperly damaged. provided such restoration or rep~ur IS e(;(\n(Jrni~ally feasible ,lnd the security of this Deed of Trusl is not thereby impaIred. If such rc&torallon or repair is not economically feasible or If the security of this Deed of Tntst would be Impaired. (he insurance pr~eeds shall be applied to Ihe Slim:.. secured by this Deed of Trust, with the excess, if any, paid to Borrower. If the Property JS nbandoned by Borrower, l)r jf Borrower fails to respond to Lender within 30 days from the dale. notice is. mailed. b". Lender to Borro"'cr that the lI1suram:c ~arrier offers to settle a claim for insurance benefits. Lender IS authorized 10 ,"oUcei and apply the insurance proceeds at Lcnder.s option either to restoration or repair of the Property or 10 the sums secured by [his Deed of Trust. Unless Lender and Borrower otherWIse ~grec In wfltlng. any s-uch application of proceeds to principal shall not extend or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amounl of such installmenls. If under paragraph I ~ hereof lhe Property I~ acquired by Lender, all right. title and interest of Borrower In and to any insurance policies and m and to the proceeds thereof resulting from damage to the Property prior to the sale or acquisition shaH pass to Lender to the elltent of the sums secured by this Deed of Trust immediately prior to such sale or acquisition. 6. Pnsenation aDd M_te:nance of Property; Leaseholds; Condominiulus; Planned Unit ne"elopnaents. Borrower ..h~H h>ep lhe Property in gooJ repan .tnd 5.hall nol commit \\a.'il(: l'f pCfI1Hl impairment or deterioration of the Property .md shall comply with the provlStOnS (If ;Joy lease if thl~ Deed ()f Tru~! I.S on a leasehold. If thi~ Deed of Trust is on a unit in ~l condominium or a planned unll development. Borrower shall periorm all of Borrower's obligations. under the declaration or covenants crealing or go"'erni.ng the l..-ondominium or planned unit development. the by~laws and regulations of the ..:ond~minium or planned unit developmenl. and consti.tuent d<..xumcnb. _ If a condominium or planned unit development rider IS executed by Borrower and rc-.:ordeJ tugether \\-Ilh thl:' Deed pf 1 rus:. the covenants and agrcemenb of such rider shaH he Incorporated into and shall amend ilnd supplemem the Cl!\cnanb ;.HlJ agrecmenl5 of this Deed of Tnl:.t <.IS if [he rider were a part hereof. 7. Protection of Lender's Securil). if Borrov.cr falh to perform the 1..'00cnanls <ind agreements ..:ontalllcd in thi~ Deed of Trust. or if any action or proceeding is commenced which matcnally afr~ts Lender's interest In the Property. iUduding~ but not limited to. eminent domain. insolvenq. l:odc enfor;,;cment. or .uTangemenls or prQi".-ccding~ involving ;l bankrupt or decedent. then Lender at Lender's ()Plion, upon notice h) Borrower, may make such appe~HalH':~.s. disburse such ';.urns and take ~uch 3ction 35 is. necess.ary In pmtect J.cnJcr\ IIlten::.t, HKluJiIl&_ hut not limited tn. di~bllf~t:'I1lCnl of reasof'..able attQrney's fees and entry;. upon the Property lu make rcpa.irs If Lender n.~4ujrt:d mortgage I11SUi~UKC a... a condition of making the loan ...ecurcd hy this. Deed of Trust. Borruwer ~hdll pay the premiums rCljU1red t('I m;unt~in ~lh..-h losurance In efleet until s.uch time as the requirement fOf such lIhUf,UlCe Icrminalc!I in aCl.'ordancc With Rorn.Jwer\ ;lnd Lender's written agrc.e.ment or applicable law Borrower shall pay the amount l,jf ;-.11 llwrtgagc ins.urance rrcmiur'1l~ in the manner provided under paragraph 2 hereof ^ny amounts dis.buned b)' l.end,cr PUr-SUdn! to lhl~ paragraph 7. )\ lth imerest Ihcrt:o!L ,hall be..:onw ,Jddl!ldllal !oocb!cdnes.'S. flt Borrower ~ured by Ihls Dew (~f Tru:.l t Tnles~ Borrcmer and I r:ndcr dgre.e h'l \)thl.'f term~ ",If p~~yment, \och amouoh \halt be payable upon notice from Lcn1J-er to Borrower re4uc~tlng p-'-.lymc.J1I thereof. and ~ha1! hc.ar mtcre.'i! from Inl! date n-f disbursement at the rate payable from time 10 timt' (,\n l,ut.\lii,nJing pnnl.:!pal under lhe '.\11t: ~Inks;\ rarmenl of mterc:.l ..t w\;n rate would be contnlry ti) applKilbl-c lOtw. Hl whld) event \ulh I.HllCount:-- ...hif!! !x~;j; HltCft~_...r ;I! the tllghc!'>! ralc permi.u.ibl.e under applicable law, Nothing c()[Ham~'J In !hlS p;:H.i.lgraph 'J ...kdl rt'~lui!'{' 1 end!;;!' 1,' Hh.:ur ,HI) npcm-c t1f takl' any .~hon""(~undi\r< I~ I~ Lender may m~"k.l'; \.'t ~au\e tn he Hlndc fCIJI;On,d-.,j.; c'llr,c.. dp"'~ ,\11<j ;f1"Pt.'dl')'!\ >,'j ;hl.' P'UPl.'l1'>, Ih~f Lc~ ,dlaU live Borrower. 11..li".o: pt'Pt Iv ;;ny "'lK1"1 in-spcctron 'j,pc..:d}mg f('a"pt\<'thlc ~';lU'>t' !hc!dcll ;,.l;llcd j\. t'n,kr-, !tHCfleit 1ft tbe Pro-l'ICrt\'