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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
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<br />_1. Payment of Principal and Interest, 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 Trust.
<br />2. Funds for Tax... and Insurance, Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, until-the-Note is paid 'in: full.
<br />a sum (herein "Punds") 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 one-twelfth of yearly premium Installments fOf hazard insurance.
<br />plus 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 gu;t.ranfeed -by _ it ::F'~ral:-or
<br />state agency (including Lender if Lender is such an institution). Lender shan apply the Funds to. pay said -taxes~ asSe$Slnc{,lts.
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds~ analyzing-said account
<br />or verifying and compiling said assessments and bills, unless Lender'pays Bo.rrower interest on'we-Funds and applicableJaw
<br />permits Lender to make such a charge. Borrower and Lender may agree in' writing ,at tpc -time -o(_execution- o~,;t~is
<br />Deed of Trust that interest on the Funds shall be paid to Borrower. and unless such agreement is'_ made or app1icl1ble-la_w
<br />requires slIch interest to be paid, Lender shall not be required td 'pay 'Borrower any interest or earnin$S"on the,-Funds~" ,'-ender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debtts to- the--F'tm~s-.and,-the
<br />purpose ror which each debit to the Funds was made, The Funds are pledged as addilional security for tbesums. secured
<br />by this Deed or Trust,
<br />If the amount or the Funds held hy Lender, together with the ruture monthly in.stallments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount re~tuired -topay scud -taxes.
<br />assessments, insurance premiums and ground rents as (hey fall due, such excess shall be, at Borrower's 'o-ption/' ei~her
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of FlInd~. If the amount of the-:_ Funds
<br />held by Lender shall not be sufticient to pay taxes, as~essments, insurance premiums and ground - rents ,-as they- fall. -:due'.-
<br />Borrower shall pay to lender any amount necessary 10 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 secured by this Deed of TrWil. Lender shaH promptly refund- to Borrower ,any _Funds
<br />held by Lender. If under paragraph 18 h~reof the Property is mid or the Property is otherwise_ acquired by- I,.ende~, Lender
<br />shall apply, no ',Her than immedIately pTlor to the sale of the Property or its acquisition by Lender. any- Funds held:- by
<br />Lender at the time of application as a credit against the sums secured by this Oeed of Trust.
<br />3. Application of Payments. Unless applicable law provides ~Hherwjsc, aU payments received by__ Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied hy Lcnder first 10 payment of amounts payable to Le-nder>by Borr~wer
<br />under paragraph 2 hereof. then to interest payaole 00 lhl.': Note, then to the principal of the Nore. and Ihen to interest and
<br />principal on any Future Advances
<br />4. Charges; Liens. Borrower shall pav ::ill taxes. assessments and other charges. fines and impositions attributable- to
<br />the Property which ma}' attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any. ,in the
<br />manner provided Hnder paragraph 2 hereof or, if nOt paid in such manner, by Borrower making payment, when due. directly
<br />to the payee {hereof. Borrower shaH promptly furlllsh to Lender an notices of amounts due under this paragraph~ and in the
<br />event Borrower shall make payment directly, Borrov'cr ",hall promptly furnish to Lender receipts evidencing 'such- payments.
<br />Borrower shall promptly discharge any lien which h..., Ilriority over this Deed of Trust; provided, that Borrower shall not-be
<br />reqUired to discharge any such lien :'0 long .IS Borrower shaH agf'ee in writing to the payment of the obligation -secured -by
<br />such lien in a manner acceptable to Lender. or shali in good faith contest such lien by. or defend enforcement of such -lien in.
<br />legal proceedings which operate to prevent the enfo:cemem of the lien or forfeiture of the Property or any part thereof.
<br />5. Hazard Insurance, BOf'fowcr _'ihall keep the Improvements now C_~lstlOg or hereafter erected on the Property insur-ed
<br />against loss by tire, hazards indudcd within the ram "e'\tcndetl cowragc". and !ouch other hazards as Lender- may requjre
<br />and in ~uch amounts and for ~uch penods a'i Lender may reqUIre; provided. that Lender ~halJ nOI require that-the amou_nt of
<br /><l.Hch l.:tJverage exceed thal amount of coverage rC{~lIircd In pay the sums secured by lhis: Ol.'"ed of Tmst.
<br />The insuranc..' carrier proViding !he- in'iur:mcc ."hall be \:noscrl by Borrower subject to approval by Lender: provided.
<br />that such approval shali not he unreasonably wHhheld, All premium.~ on in__urance policies shall be paid in the manner
<br />[lfovided UDder paragraph 1 hereof or, if nOl paid in such manner, by Borrower making payment. when due, directly to the
<br />Insurance carrier
<br />All ll1surancC' poii6es and renewals (he-reo! ~hall he 10 iQrm lh;ceptablc to Lender and shall include a standard' mortgage
<br />dau~ in favor of and in form ac\.'cpiabll' to Lt'ndcf_ l.cnder shall hOlYe the right 10 hold the polities and renewals thereof.
<br />~nd Rorrower ~haJl promptly furnish It) Lender ali r~n('~;11 n()ltccs ~nd ;::til rC(.'~ipts of paid premiums. In the event of loss.
<br />Borrower shall gIve pn:mlpt noflce W rhe- InSUrani,"t; ,:<trrlef ;lnd Ltfldcl'. I.ender may make proof of Ios:~ jf not made promptly
<br />by HOfTower
<br />. Unies... Lender otnd Bi.Jr!'Owcr olher\o\.!.<;t~ a~rr:t.' in \\Tilwg. Hlsuram:c rr()~eeds ~hall be a,pphed to resloration or repair of
<br />the Property daftl.a~ed. pr0vld~d 'lKh rest\1falhHl Of reralf h t:I.:OflonlH::.::!lIy h~asibic and lhe securitY I,)f (hi~ Deed of Trust is
<br />not th-t:r~by HnpaR~d. If \uch resWrallon ()[ fI:palf !<; not c-(r..momicaUy feaSible or it the security of this Deed of Trust would
<br />l::>c unpaired, lhe, !nstlran...t~ pn.x~<ds shaH b~ applied ".. {t!1; ~llln:-. ~t::cufed hy this Deed (If Tru$l. with the: c:'(ces'IJ, if any, P!:l!tl
<br />to Horrowl,'r If lhe Prol)t'rty '" itbanJontJ hy Borrower. or If Borr<'J\<\-'cr fa lis. to fc~p(lnd 10 l.ender within 30 days from- the
<br />date notH.:t' i... mi.uled hy Lt~nd(:f 10 Borrower fha! ihe tn~Ulimcc t.:<i.rncr OflCT~ 10 scule ~ i.~jaim for insurance benefits, lender
<br />1\ authoflled 1.) I.:ollc..,-t :md apply the insw.m-.:c pru\.'ccd~ .i! Lender's, optJon ell her 10 restoration or repair of the Property
<br />or to the sums SC'l.:'ured tw thiS Deed (If Trusl
<br />Unk~:s l.ender and H.0t'rower othelwis~ itgrc:e In wflong. .Ul~; .stl,:h applicailwl of proceeds to principal shall not extend
<br />'.)1' Ix~(pone the dUi.~ date of !he monthly !H~taHmt:nb It,:-il~r'red III In paragraphs I and 2 hereof or change the amount of
<br />s.uI:h IOslalimenls. if under paragraph is here-of the- Property l.~ ~lf.:4ujred hy tender. <.1.11 nght, title and interest of BQrrower
<br />111, Rnd to a."} msur;mce JX.llicie!o, and in ;,Hld h~ thc_ pr(h.:ct~d:'!; ther(:of re.sultl.ng JroOl darnlSge _'0 the .ProperlY prior to the sale
<br />nt ac.qm.'i-lllOfl ~hatl pa.s-s. h) Lende:r hl the nlem N fhe ~\Hns ..ecured by !hl) Deed of TnJs[ nnmed!31dy pnor to ...uch ~;tle Of
<br />acqUisition.
<br />6. Prewnation and MaiDteuiiuu'e or Jtropert).; Le~bold!i: Conduminiums; Planned Unit }>eve.lopmem_ Borrower
<br />o;.h,tll k("cp the PHljXny :n ~t...\d rl.:paH M1J "hall Hill ":l'mnlll \~.htc ,~r /'1:fm~t ttnp-,'jirm1.:nl (,If Jetef'i~)ralion of (he Property
<br />;tod shaH c\)fnply with the proVt~J()n~ f,t any kaiC Ii lhis Det"d ,.)f Tru~J 1~ lln a lc~!:>chold H thb Deed of TruSI is on a unil in <1
<br />\-'ondomulium or ;'1 planned unit de"'elopmenl. Borf(w,--t~r ~halJ pttl()frtl J.H d Borrowel-'~ ohligarl()n~ under the dedaration
<br />,-'f ('OV(mUll~ .:te:ating Of gO\'CfHlIlg the >...onuominmm Of pl;Hm~d unH developmitnl, the by~iaw~ and rc!tuhuioo!' of the
<br />....ondommium (IT planned unil development. and (onSldil~'m _df~umcnts_ _ ff ;'l ct.'ndominrum or planned unit dc....ciopmem
<br />flder i~ t,,"c":t1it..-"1.i b) o.Oii,YW'('1 LUlU reciJrdnl {(lltcthCI WII)l l.h!~ Det:J t..'l. i fthl, Itu: ~twcnant~ J.tnd agft"ernents of ':iuch rIde:-r
<br />~h1il;ll t>e HlCOtponHcd mhJ .Hld shall Lim~!ld and mppkmcnt the (Q\'elldllh :nl..! ugrecmcnt,.; ol !hl\ Decd llJ Tm"l a,,;, If the nder
<br />Wefe ;', part hen:;\..f
<br />,. Prute-ction of l.C'n-der's S€<:uril)'. It BOff\.J\*JCf f:.Hls. It) pcrtmrn lh{' .;:ovellanh and agrecJnt'nh c(lnt~(fl"d In !hi:\.
<br />Deed of Trust. or i.f any aCl.wn (!f pro~ccJlOg .l~ rOf!unen<:cd_ '...-'hlCh IJHlh'naHy :.lfleCIS Lemler's- inlere~t In Ihe Pro~~I1Y,
<br />tThJudmg. hut not haUled to, ernlne,l[ _d~l!l)..m, !n~')\"'t;'nc}_ ,.:otle cn!':Ht:emcn!, In ':H'fang~ment:~ or pro..::el:dmR_'1 in~'lllvifl,y.
<br />bartJ.rupt or decedent. lhc-fl Lender ,It Lcndcr.~ optHln, upvn r~olH.:~; 1.,1 Borrower, may make su...:h appearMKC''',- dl",hur-;c
<br />"'um~ :JIIU t......{' .,>ul.:n ,'H;:llon ,.'Ii l~ r1el'C's:.ary (;'1 plOlc-I.-'l LcnJ("r'~ ,f-lh:fC-)L lndudlllg< hut nnt hli1!kd iO. dIShw\t:lnel1! ,-.!
<br />nea.idll;_itbk- <tHOfH(:Y'~ fee.... and entry upon the Propt:rt: In make: fep;H!'i If Le-nJtf n';~Ulrcd mong"~\.- In"'I.ll,lnL~ ;_!~ ~l
<br />..:un~lh-on of n1-~lung the loan- ~c:cure\J t't, thiS L~J of "1 ru~{. BOr/oWe! :-.hall pa;' the pren'lnHll\ rCl.j1.llreu I,) nl;I1IH;Hn "lh~h
<br />ltJiur-a-rn;-C 10 etfc.;::l unld such tim-e, a.Jl. the requlremclll for .such HhllWLI-ct; !t'rnHIl;,tlc" In ~1i.'I.:'Ofda:H._c wdh fh'lffll'.>.-a\ ;jtld
<br />I .ende..'x wr-i~h;:~11 f,c-r(;Cment Of a.ppli:cuble r.a\\- H-nf!f)'I,l,.-Ci ~h;~ii ra~ Ihl-.~ M'iH'\lnt ~)! ;d! !:h)rtgagc lil\utmh..c prcmium~_ In lht<
<br />n\annc-r pr..",}\~idcJ under j..--..ar4tgraph 2 herc-.Jf
<br />Any 3.tllOUOh dls.bo..u)-C-d b} I c:ndn pursu..m! til this p.u<tgnqih 7, w!!,il In!C!(~,t ;herenn, -.-.Iud! h-':i.'\';nc ,nJi.blh111,1i
<br />ak!eb-tt"dnes.s_ of BorrQW~f :'>(;,.:ured ny thiS Det;d pt 'r ni~l 1_:Hk,~~ Borro~'cl' ~wd I t':ndel >$_grcc ,Q (Jthc! h~tllJ~ ,,11 p,j)mi:'nL
<br />"mOUlit\ 'lihaH he payable upon nOlKI.' from: I.-elld-n (,1 Bono~<:r tiH:'l'~'Of', and It}ul1 1"(';11 llih~,fl.~{
<br />date of disbutsemenlltl lhe nH(. p;1yabk frotH lime t,) tillh~ wuter 1n.... Np(j.~ links.~ p;-Iymenl ("
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<br />~r~~~t~k~~.~::t;P~ic~~Y:il:r~._11~:~r~:~~~~'~~1;;~;~cd;f\l;1 !hl~ P'~:::~~~':Ph " ,_t~:~t;,'~~!\~;;;'~"1::t~'nl~:~~( L,\n\tt~~,~;~ .:~:~ f:,1:rx~'::~~1~:~ /;:~~
<br />:4ny fll;,tl-l)O he.,.,.undeL
<br />i!llJ{ ~~J.r"":h~~i~! ~~~:~;;:YI~~~~:~ PH:.,~H~:~ ;~::t~i':~\";~~\:I:~~~~:::;~h,~~~:~~l:~~t;!~jtl .;rd Ih~> '!:~:~lllf~~lrJ~,-~ ..nJl'l,
<br />,tHtrOl;! i.n IlK PtQOen~'
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<br />84 -003241
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