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I L ~-~ 84~~p03682 UNIFORM COYENANTS. Borrower and Lender co~en,ant' and ?sree as (olJo,ws: . J. Paymenl of Principal and Inlerest. B,'rrower ,hall promptly pay when due the principal of and' intere'tonthc . indl:blCdncss cVlLlcnccd by the Note, prepayment and httc charges as provIded in the Note, and the principal of and'jn~etest:. on any Future Advances secured hy this Deed of Trust. ,,- , _c, - . ~ <,"__,':-- 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Bo,!o!"er sbaIlI'D)"" . to Lender on the day monthly mstallmen1s of pnnclpaJ .md mterest are payahle lInder,the:No~_unlil;J~e)~ote'_Js~p~:,~~;.(un~:,':;:; J__ a sum (herein "Funds") cqual to one-twelfth or the yearly taxes and assessment,wllieh: mayattidn,priority",?v...;.tl1is.:<, Deed of TfList, and ground renls on the Properly, If any; plus one-twelfth of yearlypremiuminstalJments'for:b~Zardiniirir..i1ce;" ~lus onc-.twelfth of yearly premill~ installments fC?f mortgag,eJnsuranc_e. 'if _any;,all 'as,reaS()l1ably'_est~m1l;~ed:jn,i.ti~lIy~a~d_tfr~~~:: tIme to time by Lender on the baSIS of assessments and bills. and -reasonable -estimates' tliereof~--' ' ',- '- c__':: - "_><" _" __:_) ;:_,_-,:,_;;~_~-_~;c_ The Fun~s sha~1 be he!d!~ an instit"!tio'n the d~po~its.or accounts:,of~hich"-ani:"jn:SU~d~?r:guaT<in't~d_--~y':"~;~-lJ'~~_~;)'~rF slate agency (mcludmg Lender If Lender IS such an mSllluttOn); Lender shalL apply the Funds to'"aysaid'I3!<esi,a~eSsrll"~ts>~' msurance premIUms and ground rents, Lender may nol charge ror so holding and applying 'the: Funds"anal)'Zing's~id'lIflC'llf~t<Je or vc~,fYlOg and compiling said assessments and bills, unless Lender pays Borro~erointe~est on:the,-'Fu~':is:__~~d:;..appJicab,Je_'~~Ja'r"':; , permits Lcnder to make such a charge, Borrower and Lender" _may agree- in "writing 'at the- time," "oL_'exec_utio~'-;-t')f>Jbi,~~- Dee~ of Trlfs~ that inlercst o~ the Funds <;hall be paid to Borrower, and unless stich agreement is "fllade.--,or:: aJlplieabl~!,'la~,' '. reqUlr~~ stich Interest to IJ.c paid. Lender shall. not be required to pay B.o~rower- ~ny }ntere,st'or ea~njngs"qn:tJ;H~_:,fu"J.1ds:',:-',Le~<.ier:_:~ shall give to Borrower, without charge, an annual accounting of the Fund!;- showing credHs:aOl:l"dehits'",to,}h~~,fu.~9s_,,_ai1~_J,~c('o: purpose for which cach debit to the Funds was made. The Funds are pledged as addition.alseeuritye,forthe:su11ls'seeutllil. ." by this Deed of Trust. '.' .. . If the amount of the Funds held by Lender. together with the future monthly installments of Funds 'payabi~,- '-p:;i6r t~' the due dales of taxes. assessments, insurance premiums and ground rents, shall exceed the aJTIount required.to- pay, said-taxes-~ assessments, insurance premiums and ground rents as they till! duc, such excess shall be, al Borrower's: opt.ionjo,-':either-.' promptly repaid 10 Borrower or credited to Borrower on monthly installments of Funds,_ -If the- ambunt,:,or,t~~-::Fiiil4~')-:- held hy Lender shall not be sufficient to pay taxes. assessments. insurance premiums and ground,: rents --as:--_th~yd~I'_-):li,I_~,.-" Borrower shall- pay to Lender any amount necessary to make up the deficiency within 30 days from 'the'-date ,;notice is>~J1iJe~ by Lender to Borrower requesting payment thereof. _ _ _ _ __ _, " ,"~ Upon payment in full of all sums secured bv this Deed of Trust. Lender shall oromotlv refund to-',_Borro,:"er-::'oanv:f}lri?_~,-'-- held by Lender. If under paragraph 18 hereof the Property is sold or the Property 'is otherwise acquired, by'J':'e!ld_er~~~.Lender- shall apply, no later than immediately prior to the sale of the ProperlY _or its acquisition by Lender. any' Fund$,--'f:le.ld;jby-- Lender at the time of application as a credit against the sums secured by this Deed of Trust. 3. Application of Payments. Unless applicable law provides otherwise, all payments' received -bf Lender,_ uq'der-;:the Note and paragraphs 1 and 2 hereof shall he applied by Lender first in payment of amounts: payable to _Lende.r-bY',:Bo_rro~~r under paragraph 2 hereof, then to interest payable on the Note, then to the nrincipal of the Note, and then to- interl:$t :and principal on any Future Advances. 4. Cha~es; Liens. Borrower shall pay all ta);,(>.s. asses~n.~nls and other charges, Jines and. impo:::iti.ons' arrributab:le-.~o the Property which may attain a priority over this Deed of ~ ''JH, and leasehold payments or' grou.:1d rents,' if:-any~,.ill':the manncr provided under paragraph 2 hereof or, if not paid in stich manner, by Borrower making-paYir.ent,_-when due, di{e~dy to the payee thereof. Borrower shall promptly furnish to Lender at! notices of amounts due under _this paragraph~ 'and 'in .the event Borrower shall make payment din.:~i.;y, Borrower shall promptly furnish to Lender' receipts' evidencing such'--paymerits. Borrower shall promptly discharge any lien which has priority over this Deed of Trust;_ provided, that Borrower -shall not, be required to discharge any such lien so long as Borrower shall agree in writing to -the payment of the obligation _secured::_by such lien in a manner acceptable to Lender, or shall in good faith conlest stich lien by. or defend enforcement-of such_lien,'in~ legal proceedings \\!hich operate to prevent the enforcement of Ihe lien or forfeiture- of the Property or any' part thereof. S. Hazard Insurance. Borrower shall keep Ihe improvements now existing or hereafter erected on the Property.insure;d against loss by fire. hazards included withln the term "extended coverage". and such olher hazards as Lender may require and in such amounts and for such periods as Lemler may require: provided. that Lemler shall not require- that the amount of sllch coverage exceed that amount of coverage required to pay the sums secured by this Deed of Trust. The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender: provided, that such approval shall not be unreasonably \\'ithheld. All premiums on insurance policies shall be paid in the manner provided under paragraph 2 hereof or, if 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 form acceptable 10 Lenuer and shall include a standard mortgage clause in favor of and in form acceptable to Lender. L~ndcr shall h3VC the right 10 hold the policies and renewals thereof. and Borrower shall promplly 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 (,:arrier and Lcmler. Lender may make proof of loss if not made promptly by Borrower. Unless lender and Borrower otherwise agree in Yo riling. insurance proceeds shall be applied to restoration or repair of the Property damaged, provided such restoration or repair is c1:onomically feasible and the security of this Deed- of Trust is not thereby impaired. lf such restoration or repair is not economically feasible or if the security of this Deed of Trust would be impaired. the insurance proceeds shall be applieLlto the slims secured by Ihis Deed of Trust, with lhe excess. if any, paid to Borrower. If the Property is abandoneJ by Borrower, or if Borrower fails 10 respond 10 Lender within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier oIlers to settle a claim for insurance benefits. Lender is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property or to the sums secured by this Deed of Trust. Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due date of the monthly instaiiments rcierred to in paragraphs I and 2 hereof or change the amount 01 such installments. If under paragraph I H hereof the Property IS acquired by Lender, all right, title and interest of Borrower in and to any insurance policies and in and to the proceeds thert:of resulting frolll damage to .the Property prior to the sale or acquisition shall pass to Lender to the extent or the sums secured by this Deed of Trus( immediately prior to such sale ~r acquisition, 6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments, Borrower shall ,keep the Property in good repair and shall not commit waslc or permit impairment or tJetcriorilfion of the Property and shal.l ~omply with the provi,siopsof any lease if thisI?e,7d .?f Tr~sl is ~~ ~ lc~sehold., ~f thi~. ~~~d ~f_ ~~~st ~~ on} ~~i~ ~~ a condommmm or J. p!<:mHcd unIt ~c;',.-;!oprl1en~, UO:ahl.::, :;:....1.. pCi:.i.0:m Mol ::. nor:'..)',":.;::. ...l!_Wg<.i.IILlib Ji..;.;r me uC:Ci....ii,Oii or covenants creating or governing the condominiun~ 0r planned unit development" the by-laws and regulations of the condominium or planned unit development, and constituenl documents. If a condominium or planned unit development rider is executed by Borrower and recorded together with this Deed of Trust. the covenants and agreements of slIch rider shall be incorporated into and shali'amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a part hereof. 7. Protection of Lender's Security. If Borrower fails 10 perform the covenants and agreements contained in this Deed of Trust, or if any action or proceeding is commenced which materially affects Lemler's interest in the Property. including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a bankrupt or decedent, then Lender at Lender's option, upon nolice to Borrower. may make. such appC3ranccs. di3bursc such sums and take ,such action as is necessary to prolect Lcnder's interest. including. hut not limited 10. dishur~ement (..., reasonable attorney's fees and entry upon the Property 10 make repairs. If Lender reliuired mortgage insurance ;)5 3 condition of making the loan secured by this Deed of Trust. Borrower shall pay the premiums required to maintain sllch insurance in effect unt,il such time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage in....urancc premiums in the manI)er provided under paragraph 2 hereof. Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon. shall become additional indebtedneSs of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to other icons of payrnent, such ar(lOunti shall be payable upon notice from Lender to Borrower requesting payment thereof. and shall hear interest from Ihe date of disbursemerit at the rate payable from time 10 time on oUistanding principalllndcr the Note unless payment of intcrcs[ at such rale' would-be contrary to applicable. law. 1':1 which event sllch amol1l11s. shall bear interCs.1 at [he highest rate permissible under applicable Jaw. Nothing contained JO this paragraph 7 Sh.1H n:qune Lcnder to incur any expense or takc any action hereunder. 8. lo.spe.dioD. lender may make or c;:\us-c to be made rcasonablt." !;:ntnc-s upnn and J1hpcttions of dlt' Propeny. pro\'1JeJ that Lender shall give Borrower notice prior to any such inspcl:tion specifying rCdSOO-ilb!c C;IUSC rhcri:for rc-l;twd h:J LClllkr'~ interesl in the Prooertv. .. ~"'''~I 84;'01~n\jJJU 1144 " ,'~.~ -~~.>~ r ',"'~ i~:;'~('; ",. ;;\r;f:; ,~,:~:::)r".:';