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<br />82-~-U~~5~~
<br />UNIFORM CovErteivzs. Borrower and. Lender covenant and agree as follows:
<br />.1. Payment ofPeincipaland IMeresf,.:Borrowershail promptlypaywhen due the principal of and-:interest on'thc
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in they Note, and. the principal of and :interest
<br />on any fiuture Advances secured. Gy this Decd of Trust:
<br />r 2• Ftteda for Taxes attd Itd~ratrce. Subject to applicable aw ar to a written waiver by .ender, Aorower shall pay
<br />!I to l,enderonihe day monthly installmentsof -princtpat and interest are payable under the Note,until the Nore is paidin full,
<br />a sum (herein "Funds") 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 ofyearly premioim installments for 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 6y Lender an the basis of assessments and bitlsand reasonable estimatestherca(:'
<br />'The Fonds shall be held!'i r. an institution Che deposits oraccounls of which areinsured orguaranteed by a Federal or
<br />state agency {includrng'Lender if Lender is`such an institution). Lender shall apply thts Funds to pay said laves. assessments,
<br />insurance premiums and-ground rents f.endcr may noFCharge for so holding .and applying the Funds. analyrit~ ahi account
<br />or verifying and compilmg'said assessments and bills, unless Lender pays Sorrowerinterest on the: Funds and applicable"law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Deed of Trust that interest on the Funds shall "be paid[o Borrower, anti:unless such`3greement. is made orapplicable law
<br />requires sack interestto be paid, Lender shalt eat be required to pay Borrower any interest orearnings nn<the Funds. Lender
<br />shaii give to'Borrower, withoutcharge, an annual accounting of tHc Funds'showmg credits xnd debits io the<Funds and'thc
<br />purpose forwhich each debit to the Funds was made. ;,The-Funds are pledged as additional security for he sums secured
<br />Hy'this Deed of Treat.
<br />': if [heamount oflhe Funds-held by Lender, together withihe Future -monthly installmen[sof Fundspayable priorfto
<br />[he due•dates of faxes. assessments, insurance premiums and ground rents; shall exceed the amounCrequired to pay said taxes,
<br />assessments; insurance-premiumsartd ground rents as-thcyfall due, such-excess shaft be;.atBorrower's option; either
<br />.promptly repaid to Borrower or'credited to Borrower on monthly ,installments of`Fiinds. If-the amount: of tfie Funds
<br />:held by Lender shall not be wtficient to pay. taxes; assessments; insurance-.premiums and: ground rents-as they fall. due:
<br />Borrower shalt pay to'Lender any amount: necessaryemake up the deficiency within30 days from [he dateno[iceismailed
<br />by Linder to Borrower requesting,payment thereof.
<br />Upon payment in'full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds
<br />held 6y L.ender. If underparagraFH 18 hereof the Property. is sold or the I'ropert}' rsotherwise acquired by Gender, Lender
<br />shall apply; no later than immediately prior to the sale of the Property or its acquisition, by Lender any Funds held by
<br />Linder at thrtime of application as a creditagainst the sums secured by this Deed'of Trust.
<br />i 3. Ap~licatloa of Paymea~;:Unless applicablrlaw provides otherwise, all .payments received by Lender under the
<br />Note and paragraphs I .and 2 hereof shall be applted. by f.cnder:first m payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the principal of the No[e: and then'ao interest and
<br />princtpat on any Future Advances:
<br />4 Chatga: Liets.:Borrower shad payatl taxec,.assessments and other charges..fines and impositionsaitrihutahle to
<br />the ,Property which may attain a priority o~rer this Decd of Trust: and leasehold payments or'ground rents'if any, in the
<br />manner provided underparagraph2~ereof or if not paid in such mannegbyBorroweF.making payment. wfien due;:ditcctly.
<br />to thn payee thereof. Borrower shall promptly furnish to Lender 311- notices of amounts due under this paragraph,, and in the
<br />evmt Borrower sbat[makepaymen[ directly; Borrowef shall promptly furnishto Lender recciptsevidencing such payments.
<br />Horsower shall promptly discharge anglien wfiich haspriority gverthis Deed of Trust; provided, that Borrower shall no( be
<br />required to discharge any such ]iensa long asHorrowershallagrce in writing to repayment ofthe obligation secuted`by
<br />such lien inn manner acceptable to'Lender, orshalt ingood faith contest such Gen by, or defend enforcement of such-lien in.'
<br />legal proceedings whicH operate o prevent She enforcement of the hen oc forfeiture ofuhe Property or any part tfiereof:
<br />°' . S. BTasarr Itrara~ee. Borrower shall. keep eke improvements now existing or Hereafter erected on the. Property insured
<br />against lost by fire, hazuds included within the term "extcntled coverage'; and such'other hazards: as Lender may require
<br />and in strch.arnouots and forsut:h periods as Lender may require; provided, that L~ndershall`not require that the amount of
<br />ouch coreragrexceed that amouht of coverage reyuired_to pay the sums secured by tHu'Deed of Trust.
<br />Theiruurance carrier providing the iosurance shall be chosen by Borrower subject to approval by Lcnder,'provided.
<br />_ that such approval shall ~t be unreasonably withheld: All premiums on insurance policies. shall be paid in the manner
<br />provided ttooer pttraQap6 2 hereof or, if not paid in such manner, by Borrower making payment, when due,: directly to'thc
<br />iaftigOtt t~rriOr.
<br />All rtrsurance policies and renewals thereof shall be in form acceptable r~ Lender and shall include a standard mortgage
<br />clause in favor. of and. inform acceptable to Lender. Lender shall have the right. to hold the. policies and renewals thereof.
<br />and Horrowershal- prompely furnish to .Lender all renewal notices and all receipts pf'paid premiums. In the went of loss,
<br />8orrowu shall give prompt notice to the insurance cattier and Lender. Lender may make proof of loss if not madepromptl}'
<br />by Borrower.
<br />UnlessLender and.Borrowerotherwiseagree in writing, insurance proceeds shall be appliedto restoration or repairof
<br />the'Property,damaged, provided uch restoration or repair is economically feasible and the security of this Deed of Trust is
<br />not[herebyimpaired. If suchaestoration or7epaicis-noCeconomically feasible or if,the sccurityof this Deed of Trustwould-
<br />be impaired, the inwrance proceeds shall be applied to the sums secured by this: Deed of 'f rust, with the excess, if any,; paid
<br />ttr:Botrower. 7f the Property is abandoned: by Borrower, or if Borrower fails to respond to Lenderwithin 30.days fromtfie
<br />date no[itt is mailed by, Lender to Borrower that the insurance. carrier offers o settle a claim for insurance benefits, Lender
<br />is authorited4o collect and apply the insurance proceeds at Lender's option either to restoration or repair. of the Property
<br />or to the sums'secured by this .Deed. of Trust
<br />Unless Lender and Borrower otherwise,agree in writing, anysuch application of proceeds to principal sfiall not extend
<br />or [pone'[he dce date of thee. monthly installmentsreferred: to in paragraphs. l and 2 hereof or. change. the. amount :of
<br />such installments. If under paragraph 18. hereof theProperty is acquiredbyLcnder,:all righ[,titleandinterest of Borrower
<br />in and to anyjnsurance policies and: in and' to the proceeds Thereof ?centring from .damage to the Property .prior to thesale '
<br />oracquisitionshall pass to I-ender to the extent of the sums securedby this. Dezd of 'Crust immediately prior to suchsale or
<br />acquisition.
<br />a' Preserratba aa~ 11LiMteaaece of Property; Leaseholds; Condominiums; Planned Uni1.ITeretopmentc. Borrower.
<br />shall keep the Property in good repair and shalt not commie wasteor peroti6.impairment o{.deterioration oFthe Property
<br />;,nd shallcomply with the previsions: of any lease if this.Deed of Trust rs on a leasehold.. If this Deedbf Ttusrison a union a
<br />condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the declaration
<br />or covenants creating nr governingthe condominium or planned unit development, the by-laws-and :regulations of. she
<br />condominium or planned unit development,. and constittceni documents. If a condominium or planned unit.. development
<br />rider is exewted by Horriwer andrecordedaogether wish [his Deed of Trust;.;Ihe covenants and-agreements: i,f suchrrider
<br />shall be incorporated into and-shall amend andsupplement the covenants andagreementsof. thisDeed of Trust as i f the rider
<br />were a part hereof.
<br />7. PrWeMba of Leader's Seenriry. if Borrower fails to perform the covenants and agreements cantaincd in this
<br />Died of Trust. or if any action or proceeding is commenced which. materially atfects Leodet's imerest in he Properly,
<br />including, but not limited to, eminent domain, insolvency, code enforcement, or ,-,rrangements or proceedings imu(ving, ti
<br />bankrupt or decedent, then I_cnder at Lender"s.option~upon notice to Borrower, may make suchappearances;:disburse sucfi
<br />sums and take such action trs is necessary to protec6 Lender's interest, ine[uerng, but no[ limited to, disbursement of
<br />reawnabfe auoraey's fees and entry upon the. Property 'to make, repairs. " 1f Lender required mortgage .insurance as<. a'
<br />condition of making the Ioau secured by this I')eed of Trust, Borrower shalt. pay [he premiums required to maintain. such
<br />insurance in effect until such time a, the requirementfor such-insurance-Terminates m'accordance with.SOrrower's and
<br />[tender's written agrcentent or applicable law_ Borrower shall pay. the amount of allmorigage insurancepremiums inihe
<br />manner provided under paragraph 2 ix.reof.
<br />Any amounts disbursed by fender pursuant io this paragraph 7, with interest: thereon, shad beccime additional
<br />iadebtedrress of Borrower secured 6y this Deed of Trust. Unless Borrower and Lender agree to athertermsof payment, such'
<br />amounts shat! be payable upon notice [tom Lender to Borrower requestingpayment thereof; and stiall bearinterest.from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note finless payment of interest
<br />at such rate woulrf be contrary to applicable tax, in ~h,ch event such amounts shall-tzar :interest at the highest:-rate
<br />pcrrniaaiW: under applicable lax. Nothing canto-r cd .n the, paragraph 7 sheik-require•Lender to incur any expense ot'[ake
<br />any action hereunder.
<br />R latpeetiua- Lender may matte or cause. tq 6cmade reasonable entriesupon and-inspecaions: of the Property,.provided
<br />that Lzndcr shat give 13orrcwar rtatice prigr to any sucirr inspection apecrfying reasonablecause: eheraforretated Yo fender's
<br />;^ternt in the Prorxcw_
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