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<br />B4 ---- 005358
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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 provide<! in the Note, and the principal of and inlerest
<br />on any Future Advances secure<! by this Deed of Trust.
<br />2. Funds for T_ od I............,." 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. untillbe Note is paid in full.
<br />a sum (herein "Funds") equal to one~lwelfth of the yearly taxes and assessments which may attain priority over this
<br />De.."C! of Trust, and ground rents on the Pro!"'rty, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twelfth of yearly premium installment, 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 he held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution), Lender shall apply the Funds to pay said taxes, assessments.
<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 Borrower interest on the Funds and applicable'law
<br />!",rmits Lender to make such a charge, Borrower and Lender may agree in writing at the time of execution of this
<br />Deed or Trust Ihat interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not he required to pay Borrower any interest or eaminJp on the Funds, Lender
<br />shall give to Borrower, without charge. an annual ac<:ounting of the Funds showing credits anddebtts to the Funds and the
<br />purpose for which each debit to the Funds was made, The Funds are pledged as additional security for the aumssecured
<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 to
<br />the due dates of taxes, assessments, insurance premiums and ground reots, shall exceed the amount tequiredlOpay saidlaxes,
<br />assessments, insurance premiums and ground rents as they fall due. such excess shall he, at Borrower's option, eilber
<br />promptly repaid to Borrower or credited 10 Borrower on monlhly installments of Funds, If the amounl of the Funds
<br />beld by Lender shall not be sufficient 10 pay taxes, assessments, insurance premiums and ground rents aslheyfall due:.'
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days fromlhe date nouads mailed,
<br />by Lender to Borrower requesting payment thereof,
<br />Upon payment in full of all sums secure<! by this Deed of Trust, Lender shall promptly refund 10 Borrower any FOIIds
<br />held by Lender, If under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later Ihan immediately prior to the sale of the Pro!"'rty 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 Deed of Trust,
<br />J. AppIkadon of Payments. Unless applicable law provides otherwise, all payments received. bv Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied by Lender fil'Sl" !,ayment of amounts payable to lender by Borrower
<br />under paragraph 2 hereof, then to inlerest payable on Ih, Note thc~ ,the principal 1lf th" Nnte, and then to inlerest and'
<br />principal on any Future Advances,
<br />4. C!:o~; l,..~ Borrower shaH r..ay r 'I t3 tes., as.s.~;,. :$ and other charges. fines and impositions attributa_~le-' to
<br />the Pro!"'rty which may attain a priorilY over this Deed of Trust, and leasehold paymenla or ground renlS, if any. in tho
<br />manner provided under paragraph 2 hereof or, if nol paid in such manner, by Borrower making payment, whenC!ue:. di~lly
<br />to the payee thereof. Borrower shall promptly furnish to Lender all nOlices of amounts due under this paragraph, and in tbe
<br />evenl Borrower shall make payment directly, Borrower shall promptly furnish to Lender recdptB evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority over this Deed of Trust; provided, that Borrower shan nOl.be
<br />required to discharge any such lien so long as Borrower shall agree in writing to Ihe payment of Ihe obligation sect> .;i by
<br />such lien in a manner acceptable to Lender. or shall in good faith contest such lien by, or defend enforcement of such lien in.
<br />legal proceedings which o!",rate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof,
<br />5. HaanlIIlSlll1lllU. Borrower sball keep the improvements now existing or hereafter erecled on the Property illSllred
<br />against loss by fire, hazards induded within the term "extende<! coverage", and such other hazards as Lender may require
<br />and in such amounts and for such period.', a"i Lender may require; provided. that Lender shall not require tbat the amount of
<br /><uch coverage exceed that amount of coverage required to pay the sums secured by this Deed of Trusl.
<br />The insurance carrier providing the insurance shall be chosen by Borrower s"bjecl 10 approval by Lender; provided,
<br />that such approval shall not be unreasonably withheld, All premiums on insurance policies .hallbe paid in the__
<br />provided under paragraph 2 hereof or, if not paid in such manner. by Borrower making paymenl, when due, diteclly 10 the
<br />iO$UI1lIlCC carrier.
<br />All insurance policies and renewals thereof shall be in form acceptable to Lender and sball include a standard IIlOftpJe
<br />clause in favor of and in form accept~ble to Lender. Lender shall have the right 10 hold the policies and renewals tbereof,
<br />and Borrower shall promptly furnish 10 Lender all renewal notices and all "",..,ipts of paid premiums, In lhe event of loss.
<br />Borrower shall give prompt nOlice to the insurance carrier and Lender, Lender may make proof of loss if not made PromptlY
<br />bv Borrower,
<br />- Unless Lender and Borrower otherwIse agree in writing, insurance proceeds shall be applied to restoration or ~r of
<br />the Propeny damaged, provided such restoratIon or repa.. is econonllcally feasible and the security of Ihis Deed of I rust is
<br />not thereby impaired, If such ~toration or repair is not economically feasible or if the securily of Ibis Deed of Trust would, ','
<br />be ImpaIred, tbe insurance proceeds shall be applied to the sums secured by this Deed of Trust, withthe excess, if any, paid ,C -
<br />to Borrower. If the Propeny is abandoned by Borrower. or if Borrower fails to respond to Lender within 30 days from lhe
<br />date ""tice is mailed by Lender to Borrower that the IlIsurance carrier offers to settle a claim for insurance benefits, Lender
<br />IS authorized to collect and apply the insurance proxeeds at Lender's option either to restoration or repair of the Property
<br />or to tbe .ums secured bv this Deed of Trost,
<br />Unl... Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpolle the due date of the monlhly installmellts referred to III paragraphs j and 2 hereof or change the amount 01
<br />su.;h installments, If under paragraph I S hereof the Property is acquired by Lender, all right, Iitle and interest of Borrower
<br />in and to any insuran"" policies and III and to the proceeds thereof resulting (rom damage to the Property prior 10 the sale
<br />or acquisition shall pass to Lender to the eslent 01 the sums secured by this Deed of Trust immediately prior to such sale or
<br />acquisition.
<br />6. Prauvatioa...... MalateaaDce of Property; Leaseholds; Condominiums; PIim...... Unk Developments. Borrower
<br />..haH keep the Propert)' in g\.xld repair and ...hall nUl \:onlfnll waSIC I.'r permit impairment or deterioration of the Property
<br />and shall comply with tbe provisions 01 any lease if this Deed of Trust is on a leasehold, If this Deed of Trust is on a unit in a
<br />condominium or a planned unit development, Borrower shall pedorm all of Borrower's obligations under the declaration
<br />or .:ovenants creating or governing the condominium or planned unit de\o'clopment. the by~laws and regulations of the
<br />.:::~dOi-n.ifiiwu or pl~niicd: unit &'.'~JQpmcBt. iii'U:l cOi'i3i:ituem. diXum~nts. _ If .ii ~Gn~Dminium or p~anned uro:t developmcn:
<br />nder is e;(~uted by Borrower and recorded together with thiS Deed of ~I rust, the .;ovenants and agreements of such rider
<br />shall be incorporated into and shaH amend and supplemen[ the cuvcnants ..oJ agreements of this Deed of Trust as if the rider
<br />we:r-e a part hereoi.
<br />7.. Protection of Le.Dder~s Seeu.ril)'. If Borrower fails to perform the covenams and agreements contained in this
<br />Deed oi Trull, or if any action or proceeding is ~ommenced which materially atfects Lender's interest In the Property.
<br />including. but not limited to.. eminent domain, inSl..)lvcn~}, ,ode enforcement, or arrangement" or proceeUin~ im,'olving "
<br />bankrupt or dt:\.-ede.nt. then Lender at Lender"s option, upon notice (0 Borrower. may make suc-h appearan.;.:s, disbu~e such
<br />5iUil,:s' arid t.i.KiC ~W;:;h actlO-[l liS is neci5S.o1i)' h) prutect under"s iBi.erest, induding, but ihH limited iV, \.If-;Qurscmcm I..{
<br />reuoWlble alto-tllcy'S fees and entry upon the Pro~rty tu make repajr~> If LenJer required mortga8~ insurance as a
<br />condition of making the loan secured by this Deed of Trust Borrower \hall pa) the premiums requir~d to maintain such
<br />nuuranc'C in effect unli~ such time as the requirement for such insuram:.c tcrmlllutc!. in <H.:cC'rdao,c with Borrower's ~Ild
<br />Lender's written agreement or applicable law. Borrower shall pay the amount of aII mortgage msuram:e premium.'!. in tht~
<br />manner provi<led undel paragraph 2 hereof,
<br />Any amounts disbursed b)' Lender pursu;uH to thIS paragraph 7, WJlh inten..'"St thereol1. ,hall ,",c(ome additi(lOi.ll
<br />m.-Jebtedlle$5 of Borrowcr secured hy this Deed of Trust Unto-"'iI, Borrower and Lender agree ttl othl~r tefm~ l)f p-a}rlIcnt. \\Idl
<br />.Ulli.lUnb ~ban ~ payable upon notic.e from Lender to Borrowet r~'4ues.ting payment lherc\..f. and s.halI 0e.'U Hltcrt~{ !lorn lhc
<br />dalc of disburx.ment at the rate- payable from lime to time on l>utsranding rrin~jplll under the Nt'tfe tllllc~s- payment \,r internt
<br />ill su--th_ fate would ~ cnnUary to applicable 1a\'.. in wtHch e'9'cnt ,>u("h amount~ "ihiitl heal HlkH.'-s.a ;11 the highe:i.t H\k
<br />!)CrrniMibJe- under appln:abl{' la\\-. Nothing ('(mt~lin~-J tn thl). piJfilgraph 7 ..h;,ll r~4ulI'e t.cnJer \\\ Hl('Uf ~H1} t~\r~.::Jhl;' .w t~,k.e
<br />ilny KHoo hereunder.
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<br />1 hOlt ~'~~~v~ ~~~:,,::~Y !~~~~~ ~~ !~~~~lt~~~ ;~~: JP:i.~~lt~~~!~;:;~ ;~:~ b.~~~~ ~.~.:~:'gU :;~~\ ~~~:.~~:~~:~~~~:~\~~:t:'~' ~~ I ~tl\il.'
<br />'''<<fUl in tbe Prooc,tv.
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