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<br />~. UNIFOR61 :COVENANTS, Borrower and Lender covenant -and agree us followr. VL ~ f) ~f ~
<br />.1. Payment of Principal andInterest. Borrower shall. promptly pay,when due. the. principal of andrnterest onthe
<br />indebtedness evidenced bgthe No[e;..prepayment and late charges as provided" in the Note; and the principal of :and interest
<br />on anpy Future Advances secured by tF:is Dced of Trust
<br />2. Fnnds`for Taxea and Insurance. Subject to :applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments ofprincipatand interest arc payable under the Note, until the Note ispaidin full,
<br />a sum (herein .Funds") equal to one-twelfth oP 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 yearl}' premiuminstaltmentsfor hazard insurance,
<br />plus one-twelfth of yearly premium installrnenis'for mdrtgagc insurance, if anyr all as reasonably estimated initially and from
<br />time to time by tender onttte basis of assessments and bills and reasonable estimates thereof.
<br />The Fundsshall beheld in'an..institutionthe deposits oraccoun[s of which are insured or guaranteed bye Federal or
<br />stateagency (including Lender if Lender is such an institirtion)..tender shallapp]yYheFunds topay said taxes, assessments, :
<br />inscrance premiums and ground rents. Lender may n9ichargefor so holdingandapplying the Funds, analyzing said account
<br />or: verifying andcompilingsaid assessments andbills;,unless Lender pays Borrowcrin[erest on the Funds and applicable law
<br />pettnits Lender to makesuch a charge: Borrower and Lender may agree in writing at the time of execution' of 'this
<br />Deed' of TrusYthat interest un the Funds shall be paid to Borrower, and unless such agreement is 'made or applicable' law
<br />requires suchinterest to. hepaid;Lender shall not be requiredto pay Borrowef anJinterestor earnings on the Funds: Lender
<br />shall give to Borrower, withoutcharge, an annual accounting of the Funds showing. credits: and debits to the Funds and the
<br />purpose for which each'debit'to theFunds was. made. 'Che,Funds arc pledged as additional security foe[he'sumssecured
<br />by this Deed of Trust:
<br />: If the amounEOfthe Funds 1teldbyLsndcr, together with ihefun+re monthly installments of Funds. payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required. to pay said. taxes;
<br />assessments,'insurancepremiumsand groundrentsas [hey fall due, suchexcess shall he; at. Borrower's. option,either
<br />promptly repaid to Borzower or credited to Borrower on monthly installments. of F'imds. If the amount of the Funds
<br />held, by Linder shall not be-sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall -due,
<br />Borrower shall pay to Lender;any amount necessary m make up the deficiency within 30 days from the date notice is matted
<br />by Lender to Borrower requesting. payment. thereof:
<br />_Uponpayment in'full of aiCsumssecuredby ibis Deed of Trust, Lcndershall promptly refundto Borrower any Funds
<br />heldby Lender:.If under paragraph lg'hereof theProperty is sold or thc'Propertyis otherwise acquired by Lender.I,ender
<br />shalCapply, nolater thanimmediately prior`to thesale of thePropertyurits acquisir'onliy Lender, any Furzds'held by
<br />Lender aLthe Time ofapplication:as acredit againsithe sums secured by this Deed of Trust
<br />3. Application oEPaymentsr Unless applicable law provides otherwise,.all payments received byI_ender underthe
<br />Note. and paragraphs f and thereof shall beappliedby Lenderfirst inpayment of amounts-payable to Lenderbv Borrower
<br />under. paragraph 2 hereof, [hen. to interest payable on .the Notc,.then to the principal`of the Note. and then to interest and.
<br />principal on anyFuture Advances.
<br />4. Chaises; Liens. Borrowershall. pay all taxes.asscssments and othercharges,.fines andimpositions attributableto
<br />the Property which may attain apriori[y over this DeedoPTrust, andleasehold. paymentsorgroundrents, if any, 'in the
<br />manner provided underparagraph 2 hereoEor, if not paid in such manner, by Borrower making payment, when due, directly
<br />Eo: the payee [hereof. Borrowershallpromp[ly furnish to Lender all notices oEamounts due undet-ahisparagraph, and inthe
<br />event Borzower shall make payment directly, Borrower shelf promptly furnish to Lender receipts evidencing such paytents.
<br />Borrower shall promptly;$ischarge any. lien which. haspriority over this Deed bf Trust,. provided; [Flat Borrower'shal6 not be
<br />required to discharge angsuch lien so long as Borrower shall agree in writing to the payment of the obligation. secured- by'
<br />such lien in a manner acceptableko Lander, ors}iall ingood faith contest such lien by, or defend cnforcementof Stich lien in: -
<br />legal. pproceedings whichopera[eto:prevent theenforcement ofthelien orforfeitureof.[heProperty orany-part thereof.. -
<br />°S. Aa=ard' Iosnraoce, Borrower shall keep the improvements now existing or hereafter erected on the Property insured'
<br />against loss by'fire, hazards included within the term "extended coverage'"; and such other hazards as Lender may-require
<br />and°in such amounts and for such periods as Lender may require; provided, that Lender hall not require [fiat the amount of
<br />snch coverage exceed that amounrof coverage requiredrto pay the sums secured by [tits Deed of Trust.
<br />The insurance carrier providing the insurance. shall: be chosen by Borrower subject to approval by Lender; provided.
<br />thahsuch approval shall not be unreasonably withheld. All premiums on insurance policies shall_be paid in the manner
<br />provided trader paragraph 2 hereoPor tf notpaid in such manner, by Borzower making payment, when due, directly to the
<br />insurance carrier.
<br />All insurance policies. and renewals thereof shall be in form acceptable u Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof,
<br />and,Borzowershallpromp[ly furnish [o Lender all renewal notices and all receipts oFpaid'premiums: In the event of loss.
<br />Borrower shall give prompt notice to the Insurance carrier and Lender. Lender may make prof of loss tf notmade promptly
<br />by Borrower
<br />Unless Lender and Borrowerotherwise agree in writing, msurapce proceeds shall beapplied torestoration or repair of
<br />the Property damaged, provided such restoration or repair is economically. feasible and the security of this Deed of Trust is
<br />notthereby impaired. If such restoration ogrepair is not economically fcasiblebrif the security of this Deed of "Crust would
<br />be impaired, the. insurance proceeds shalLbe applied to the sums secured by this Deed of Trus[,.with [he excess; i f any,-paid
<br />to Borrower lfahe Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from'tne
<br />date notice is mailed by Lender to Borrower tfiaLthe insurance carrier offers'to settle-a claim for insurance benefits. Lender
<br />is authorized to. collect andapply`the insuratce proceeds°a[ Lendera. option either ao restoration or repair -oE [tie Property
<br />onto the sums secured by this Deed of Trust:
<br />UnlesrLender and Borzowerotherwise agree in writing, anysuch application oL proceeds to principal shall not extend
<br />or postpone the due date: of the monthly installments referred tp in paragraphs 1 and 2 hereof or change the. amount of
<br />suchins[allments. lfunderparagraphl8hereofthePropertyisacquiredbyLender,allright,.title-and interest!ofBorrower
<br />m and to any insurance policies and in and to,the proceeds thereof Tesulting from damage to the Property prior io the sale
<br />or acquisition shall pass to Lender to the extent of the'sums severed by this Deed of Trustimmediately prior tolsucb sale or
<br />acquisition.
<br />S. Praervatloo and. A9aialenance of Property; Leaseholds; Condominiums; Plantted Uoit Developments: Borrower
<br />shall keep the Properly in good repaiY and shall not commit waste or permrl impairment or deterioration of the Property
<br />and shall complywi[h the provisions of any lease if this Deed of Trust is on a leasehold, if this Deed of Trust is on a vtti€in a
<br />condominium oraplannedunitdevetopmen[,Borrowershall perform al[ofBorzower'sobligations under the declaration
<br />or covenants creating or ,governing the condominium or planned unit development; the by-laws and regulations. of the
<br />condominium orplanned~unit development, and constituent documents. If a condominium or planned trait development
<br />nderis executed by Borrower and recorded together with this'Deed of 'Crust; the covenants and agreements of such rider
<br />shall be incorporated into and shalt amend and supplement the covenants and agreements of this Decd of Trust as if the-rider
<br />were'. a part hereof.
<br />T. Protection of Lender's Security. IfBOrrower fails to perform the-covenants and agreemea[s contained in'this
<br />Detai of TrusI, or if any aMion or proceeding is commenced which materially affects Lender's interest in tFic Properly,
<br />including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or,procecdings im•olving a
<br />bankrupt or decedent, then: Lender a[ Lender`s option, uponnotice to $orrower, may ..make such appearances; disburse such
<br />sums and take such action as is necessary io protectLender s interest, including, but not .limited to, disbursement of
<br />reasonable attorney's fees: and entry: upon. the Property to make repair. if Lender required mortgage insurance. as a
<br />condition of making the loan secured by this Deed of Trust, Borrower. shall pay the premiums required to .maintain .such
<br />insurance in effect untiLsuch time as the requirement for such insurance terminates in accordance-with $orrower's and
<br />Gender's written, agreemenibrapplicable law. Borrower shall pay the amount of atl mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph. 7, with interest thereon, shall bea>tne additional
<br />indebtedness of Borrower secured by this Deed of Trust Unless Borrower and Lender agree to other terms of paymerst, Brach
<br />.amounts shalt be payable upon notice from Lender to Borrower requesting payment thereof, and shall [tear interest fruni the
<br />date of disbursement at the rate payable from time toiime on outstanding principal under the Note.unless payment of interest
<br />a[ such rate would be contrary toapplicable law, in which event such amounts ehall. bear interest aC the hrghcst rate
<br />petmissibie uadarapp}itabie law. Nothing contained- in this paragraph 7 shall require 1_cnder to incur any expense or take
<br />any action hereuader-
<br />8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Pe~opcrt}, provided
<br />that Lender shalCgive Borrower tiotiee prior to any such inspection epeeitying reasonable cause Chcret`er related to Lender`s
<br />interest intlae Protxrty:
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