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<br />UN1POaM COYHiVANis. Borrower and bender covenant and agree as follows:
<br />f. Papreeot of Prirrdpal sell leterest. Borrower =.hall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Nofe, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on aspp Future Advances secured by this t)eetl of `Trust. -
<br />Z. Ftuds far Tuts sell Irrarance. Subject to applicable law or to a written waiver by Lender, Borrower shalt pay
<br />to tender on the day monthly installments of principa(aod interest arc payable under the Note, until the Note is paid in full.
<br />a sum (herein "Funds") equal to one-tweffth 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 for hazard insurance.
<br />plus one-twelfth of yearly premium installments far mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by Lenster on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be hdd in an institution the depositx or accounts of which arc insured or guaranteed by a Pelletal or
<br />state agency (including Lender if Lender is such an ins[itutioni. Lender shalt apply the Funds to paY said taxes. assessments.
<br />imurance premiuts and ground rents. Lrnder may not charge for so holding and applying tht Funds, analyzing sail account
<br />or verifying and compiling said assessments and bids, unless Lender pays Borrower intcrest 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 he paid to Borrower, and unless each agreement is made ar applicable }aw
<br />requires such interest to tee paid, Lender shall nut be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shaft give to Borrower, without charge, an annual acrnunting of the Funds showing credits aril etehits to the Funds aril the
<br />purpose for which each dchii co the Furrds was made. The Funds arc pledged as additional security for the sums secured
<br />by this Deed of Trust.
<br />I[ the atrrotrnt o[ the Funds hold by Lender, together with the Future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and grourt^~ rents, :hall exceed the amoum required to pay said taxes,
<br />assessments, insurance premiums and ground rents ns they fall due, such excess shall tx, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrawer on monthly instaltments of Funds. 1F the amount of the Funds
<br />held t+y L.enJer shall not he sufficient to pay taxes, assessments, insurance premiums and graand rents as they fall due.
<br />Borrower xhall pay to Lender any amount neecssan' to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Bormvver rcgttesting payment thereat.
<br />Upon payment in full of all sums secured by this Deed of 'Trust Lender shall promptly refund to Bormwer any Funds
<br />held by Lender. U under paragraph Ig hereof the Property is sold ar the Property rs otherwise acquired by Lender, Lender
<br />shat) spply, oa taro than imtrtediateig priar to the sale of [ht Property or its acquisnron by Lender. any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this (?eeet of Trust.
<br />3- AptHeatbe of Payments. Unless applicable law provides otherwise, all paymems received by Lender under the
<br />Nate and paragraphs t and 2 hereof shall be applied by 1 ender first m payment of amorruts payable to Lrnder by Barcower
<br />user puagraph 2 hereof, then to interest payable on the vote, then to the princrpal of the- Note. and thin to interest and
<br />princrpal on any Future Advances.
<br />4. Chttrytes: 13em Borrawer shall pap all raves, assessments and other charges. t7ttes and emposirions autihutable to
<br />the Nropertp which may attain a priority over this Deed of Trust, and leasehold payments or ground rents. if any, in the
<br />manner provi~d under paragraph 2 hereof ar, if rat paid in such manner, by & mower making payment, when due, directly
<br />to the payee thereof. Bormwer shall promptly furnish to Lrnder all notices of amoonts due under this paragraph, and in the
<br />event Bormwer shah make payment directly, Harrower shall promptly f urnish u, tender recetpts eviilencrng such payments.
<br />Borrower shall promptly discharge any lien which has priority ever this Deed of Tntsc prx,v:ded. that Harrower shall rat hr
<br />required to discharge any such lien sa long as Harrower shall agree in writing stn the payment of the obligation secured by
<br />such Tien in a manner acceptable to Lender, or shall m good faah contest such hen b}•, ar defend enforcement of such Tien in.
<br />kgaf PPnxeeditrgs which operate to prcvem the rnforcemem of the hen ur forteitruc of the Property ar any part thereoL
<br />5. Aarard laseranee. Borrower shall keep the improvements now existing or ttrreaGer erected on the Property insured
<br />against Icrss by fire. hazards included wthin !fie arm "extended coverage", aril such other hazards as lender may require
<br />and in such amaunt: and for such periods as Lender may rcyuire: provtded, that Lender shalt nut require that the amount of
<br />such coverage excaJ that amount of coverage rryuired to pay tht sums secured by this Deed of Tnrst.
<br />The insurance carrier providing the insurance shall br chosen by Borrower subject a7 approval by [.ender. prnvideJ.
<br />that atrch approval shaft not tee unreasonably wiihhefd. All premiums on insurance policies shah t,e paid in [he mat»rer
<br />provided troller paragraph 2 hereof or, if not paid in such manner. by Harrower making payment, when due, directly to rho
<br />imutance carrier.
<br />All insurance policies and renewals thereof shall br in form acceptable to Lrniler and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender sbaH bare the right to hold the policies and renewals thereof.
<br />sell Borrower shall promptly furnish to Lender aN renewal notices anJ all receipts of pail premiums. [n the event of los_c,
<br />Borrower:bail give prompt notice to Ihr tnsurarx:r earner and Lrnder. t.rndcr may make proof of loss i( sal made promptly
<br />by Bormwer.
<br />Unless Lender and Barcower etherwrse ngree rn wrung, rnsurancr pnrreeds .hall tx applitd to restoration ar repair of
<br />the Property damaged, Provided :tech restoration ur rep:ur ss rcunomrcally feasible and the security of this Deed of 'Trust is
<br />not thereby impaired. If such restorauan or repau is not rcontmieally fcas+blr or rf the security of This Deed o('Trust would
<br />be impaired, the insurance proceeds shat{ br uppfied to the sums secured by this lh-rd of '1 rust. with the rxeecs, if any, paid
<br />to Borrawer. It the Property is abandunesl by Borrsrwrr, or if Harrower tails to rcapamd to Lender within 30 days from the
<br />date notice is mailed by (.roller w Barruuer that the nisurance caterer otters to settle a claret fur rnsuranrr benefits. Lender
<br />is authorirad to called and apply the insurance prrx~rrds at Lender's option caber to resuaratiun or repair oP the Property
<br />or to the sums secured by this DerJ a( Tntst.
<br />Unless !.ender and 8orruwer otherwrsc carer rn wntittg, any sorb apphrutmt of prrrcceds to principal shu(1 rat extend
<br />or postpone the due date of the nxmthly tnstallments rrferresl fo in paragraphs 4 and '_' hereof ur change the amaunt al
<br />such installments. It under paragraph 35 hercr,t the Prrrpert} rs acquired by !..ender, all right, title and interest of Borrawer
<br />in and to any insurance policies and m and to the prurretis thereet rrsulung from damage to the Property prior to the sate
<br />or acyuisitian shall plus to Leridcr to the extem z:t the sums xYUrrd by this [katit ul l-rust :mmediatrly prior to such sale or
<br />acquisition.
<br />6. Prrxeivatloa and Malpleeaoce of Prxrperty; Leah;eltulds; ('ondomiaiums: Plantred Unit Developments. Borrawer
<br />.halt keep the Property m ga+cl repair :end :hail rat corona[ waste ,+r perms impairment ur Jcterioration of the Property
<br />and shelf comply with the pros'iswns of any !case if this I)ml e~f Trust a o« a leasehold. It this DceJ u( Trust is on a unit m a
<br />romlominium nr s planned unit deveiaptnent, Rorntwrr shall prrlurm ail nt Borrowers obligations under the derlarntian
<br />or covenants crating or governing the amdamrmum or plamtcd uoft Jrvelupment. the by-laws aril regulations of the
<br />condominium or plaaneef unit development, sell coruutuent dcxuvtcnts- 11 s condominium or planncJ unit development
<br />rider is executed by Borrower oral rerardril together wuh this Deed tf 7 rust, the covenants and agreements of such rider
<br />shall be ineorparated into and shall amend and supplerneot the covertaats anJ agrerntcnts at this Decd of 'I-rust as if the rifer
<br />were a part hereof,
<br />7. PeoteMlon of t.etsder's Sex:urity. if Horrower furls to nerfurm the ravcnant5 and agreements rontaineJ in this
<br />Deed of Tout, or it any action ar pea.-telling is commena~vv! which rtatenallc aflrcts Lender's i«terest m the Properly.
<br />irxlrxfing, tart not limited to, eminent datttain, insalvenc}. rode rnforrement, ar arrangements or procetJings urvalving a
<br />ttatskrupt ar decedent, then Lender at Lenders option, upon notice to Borrower, r?!ay make vuch appraranecs, Jisbur sr such
<br />stuns and take such action as is necessary to protect Lender'. rn:errst, :nchrdtag, liar nut trmitccl to, dvshurscrrrent „t
<br />reasonable attorrtcy's fees and entry upcur the Peopr[W to make r. parrs. tf Lender rcyuirrJ mongagr +«surnnce :u u
<br />ctxalition of making ~ ksan :crated by this I)ea,cl of T`nnt,. Borrawer shall pay the premiums rryuireJ tr. mar ntam hurt?
<br />instrratice in eticct uti'il :tech time as the requircnrcm for such :nsuraacc mrnti»xtrs in sceurdanr-c wpb Borrower's anzl
<br />Lender's written agreement or apptieatrk taw. titrrawer shalt pay the antount of a31 unrrtaagr msurauce prerrrvunrs tit the
<br />matrrter provided under paragraph 2 hereof.
<br />Any anwunts tlisErutxcd by Lcrrder pursuant to this paragraph 7- w,sh imrtrst thereto, stroll !~.. .,dditro:t.ri
<br />iude>Msnimsa of Burnxwcr saureil by this L><rai cd'pmst. Unless Barre we and L rod r ~rr.rer to other trtfna i•.,yr?,rni, stt.h
<br />antotin#s xhall L+t payable upon notice from 1.eraJer t4 Bnrntwer rcyuesra:g pnynrent the 'ruf, anJ shat= ha•a : tcrrxt from the
<br />elate of disburscmcttt at ibe rate payable from time t,> time an cut+tanJing principal order rho \aEr emfess pa}•rnrnt of ir•.trrest
<br />at such raft wlwld tzQ cnmrary to apphcablr toes, in which event such nma~nts shall E>, sr nacrest :rt the hiahrst rate
<br />petmissibfe under appliraEde law, NaNMng corrtuineil in this paragraph ?shall require l.eniler to Incur any exptnse t?t takt
<br />cep actaxi iterotmder.
<br />t lmpaxt~. Lxndet rttav make c -ante" to bt mask n _-+aCf e c«tr'ics x.f-:w xrr! -«- prUhartx of rho Pn petty. t-:?solo!
<br />!tort L.orWOt shat) gtve Bara,wer ncrtirt peer ;o any srrti +nspe t-at sptLr(y ntg reas+ nc61a cause ttrrrrkrt n.fde 7 :a t ndrr-.
<br />teletext to Ilte Prooxuty. -
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