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<br />Untrbenr CmrwewTS. Borrower and Lender covenant and agree as follows:
<br />i. Payment of Principal and hNeeest. Borrower shall promptly pay when due the principal of and interest nn the
<br />indebteAness evidenced by the No[e. prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this lleed of T'nist-
<br />2. F®ds for Tazea and Insunare. Subject to applicable law ar to a written waiver by Lettder, Borrower shall pay
<br />to Lender on the day monthly installments of principal and ineerest are payable under the Note, umi{ the Note is paid in full.
<br />a sum (herein "Funds'"i equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Decd of Trust, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance.
<br />plus one-twelfth tit yearly premium installments for mortgage insurance, if any. all as reasonably estimated initially and From
<br />time to-time by Lender on the basis of assessments and Aills and reasonable estimates thereof.
<br />The Funds shalt be 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 irishtution}. Lender shall apply the Fonds m pay said taxes, assessmems.
<br />insurance premiums and ground rents. [.ender may not charge fur so holding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower mterest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the lime of execution of this
<br />Deed of Trust that interest nn the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such mterest to be paid. Lender shat) not be required to pay Borrower any interest or earnings on the Funds. /.ender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits 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 sums secured
<br />by this Dced 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 razes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay card taxes.
<br />assessments, insurance premiums and ground rents as they fah due, such excess vhall be. at Borrower's option, either
<br />promptly repaid to Borrower or credited «? Borrower on monthly instaltments of Funds. If the amount of the Funds
<br />held by lender shall not he sutTicient to pay taxes, assessments, insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Ixnder any amount necessary to make up the deficiency wnhin 30 days from the dale notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in lull of all sums secured h}' this Deed of "Trust, t ender shall promptly refund to Borrower any Funds
<br />held by Lender. Tf antler paragraph 1& hereof the Property is sold or the Property rc otherwise acquired 6y Lender. Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquiwion h}' Lender, any Funds held by
<br />[.ender at the time of application as a credit against the sums secured by this Decd of Trust.
<br />3. Application of Payments. Unless applicable law provides ntherx•rse, all payments received by Lender under the
<br />Note and paragraphs I and Z hereof shah t,e applied by Lender first :n paymcn± of amounts pa}•ablc to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable nn [he Note, then to the principal of the Note. and then to interest and
<br />principal on any Future Advances.
<br />A. Charges; Liens. Borrower shah pay all Gi sec .nscssmenis and other charges. tines and rmpcsiuons attributable to
<br />the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />manner provided under paragraph 2 heceof or, if not paid in such manner, by Borrower making payment, when due, directly
<br />to the payee thereof. Borrower shall promptly furnish to Lender all nooses of amounts due under this paragraph, and in the
<br />event Borrower shall make nayment directly, Borrower shall prc,mptty Cornish ttr Linder receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority aver this Dced of Toss provided, that Borrower shall not be
<br />required to discharge any such tied so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender, or shall io good faith contest such hen h}', or defend enforcement of such hen in.
<br />legal proceedings which operate to prevent the enfl?n_emem of the lien or Rirfeiwre of she Property nr any part thereof.
<br />5 Hazard losurantt. Borrower shat! keep the improvements now c,eis;mg or hereaticr erected on the Property insured
<br />against loss 6y fire, hazards included within the term 'extended coverage", and such other hazards as tender may require
<br />and in such amounts and for such periods us Lender may require: provided. that Lender shall not require that the amount of
<br />such coverage exceed that amoum of coverage requued ro pay the sums secured by this Deed of Tn+st.
<br />"['he insurance carrier providing the insurance ,hall Fx chosen by Borrower sobjea b.? approval by Lender: provided.
<br />that such approval shall not be unreasonaMv withheld. All premiums rnt insurance policies shall he paid in the mancer
<br />provided under paragraph 2 hereof or, it not paid in such manner, by Borrower making paymem, when due, directly to the
<br />irsurance carrier.
<br />All insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to tender. tender shall have the right to hold the puiicies and renewals thereof.
<br />and Borrower shall promptly furnish ro Lender all renewal notices and ail receipts of pa+d premiums.. In the event of loss.
<br />Borrower shall give prompt notice to the insurance carrier and Lender. 1_ender may make proof of Inns it not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in writrrig, insurance proceeds ,teal! he appl+rd to restoration or repair of
<br />the Ptopertv damaged, provided such restorn con or repair i, earnomitally isasrblc and the cavity of this Deed of Trust rs
<br />not thereby impaired. if such restoration or repair is not economically feasible or d the xeunty of this Ueed of "T7ust would
<br />be impaired, the insurance procceds shad 6e applied to the sums secured by this bred of l-rust, write the excess, iF any, paid
<br />to Horrower. If the Property is abandoned by Burrower, yr if Horruwer (ale to rospund ro l.cnder within 30 days from the
<br />date notice ix maileJ 6y Gender to Borrower that the insurance carrier otters u> settle a cLum far utsuranee benefits. Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to reswratiun yr repair of the Property
<br />or «? the sums xecured by this Derd of Trust.
<br />Unless tender and Borrower otherwise agree in writing, any wCh applicauun of proceeds tc> principal steal! not extend
<br />or postpone the due date of the monthly installments referred to u[ paragraphs 1 and ?hereof or change the amount of
<br />such installments. if under paragraph IK boreal the Property ., acywred bs Lcndrr, ,dI right. title and interest u( Borrower
<br />in and to any insurance policies and in and «, trio proceeds ihereot resulting trvm damage w the Property prior to the sale
<br />or aeyuisition shall-pass tv Lender to the extent of the sums secured hp this Deed vt trust immediately prior «, such sale or
<br />acquisition.
<br />6. PrYServation and Malatenance of Property; Leaseholds; Condominiums: Planned Unit Developments. Horruwer
<br />shall keep the Property m good repair end .hall not coovnn w.rs[r ur prrnut impainncni ur dca•rioration of the Pniprriy
<br />and shall comply with the provisions of any lease if this [Seed of Trust h an ~ icasehold. li this Geed of "trust is en a amt in a
<br />condominium or a planned unit development, Horrower shall perJOrm .dl of Horrowe(s ohhgations under the declaration
<br />ur covenants creating yr governing the condominium or planned once development, the by-laws and regulation. of the
<br />condominium or planned unit development, and constituent dcxumenty_ If a condominium ur planned unit drvelupmem
<br />rider is executed by Borrower artd recvrdeil together wuh this Uerd nt !rust, the covenants and agreenicros of such rider
<br />shall tx incorporated into and shalt amend and supplement the cos cn:ints ,ind ngrrements of this Dced of "f~rust as if the rider
<br />were a pan herewf.
<br />1, Protection of headers Security. If Borrower Imis tv Tx rform the covrrsants and agrecnicntc cantana•d in thi,
<br />Deed of Trust, or if any aenva :?r p2x:eeding s commenced whictr rnaterialty afTec[s tender's interest in the Property.
<br />tricltrding. twt not lsmiied to. emirrnt domain, insolvency. code enforcement, or arrangrmenl, or proceedings involving ;r
<br />trankrupr yr duedent, thin Lender at Lntder's option, upon notrcr w Horrower, may make ouch appeaeaner,, cii,hurse such
<br />Burns and take suite action as is necessary to protect Lender :~ Interest, including. Lot nu: InniteJ to, cli,huncnrent of
<br />rrasanahk attorney', fees and entry upon the Property to mane repairs It {_ender rcycilred mortgage :mur:nuc a.
<br />coaduron of making the loan secured by this bred of Trust, Borrower shall {lay the };rrrnnim+ .rrquircd to mannum +u~6
<br />rnsunoze m oHect un'd such time as-the requirement fur such insurance terminates in a a,rdance with Beri r,wer's .end
<br />Letxdes's x~rutcn agreement or applicable faw•, Borrower ,hall pat the amouai of 8h nIDrt¢age insurance pcemiurns in ;he
<br />manner provided under paragraph ~ hereof.
<br />Any amounts disbursed by Lendsr pursuant ro this paragraph T_ wsth :rtterrst Ihrreun. =hail `oleo+;re adddianai
<br />srWehteilrncss of Bturower etc used by this Urrl cf "Irusi t %nle±s Horrower and !ender agree tr, .;thee ter:^~~. r' , incnt, wch
<br />amouna shall Ir payable up+±n natrcr fnzm f-ender «, Bun uwrr a:Giresaeg pa}n,r;,t iherccf, :<nd shall n.. ., n,n, ihr
<br />da-ns of dislatirsement at the rat;, payabia Pram time rot :mr on .~ut,tarrding prnv+pul under ,he '~%u+e r rtes - - i .; rnirresr
<br />ai ouch rata would be umuarr tv apphcabit law, in whr~h cycle - ch amo,ums shall i,ea. ,.?urea .;! ar h [hest lair
<br />par:niuitsl¢ urtder agpiieahte Taw- Nviftiag ewuaurxl rn rMs 1*aragaaph ~~hatt reywre t coder «+ un_ur ,rny espeme .=r rake
<br />any r:brun ftcteunder
<br />B. I#pi~riktn- i cnd*.t may makt r -nose ru he marls rcaY.urrble currier -p n ~ r.i n I - .i i- f n•pc sty _ -idea
<br />this Lender shalt grin Sc+rt?wet nu«ct (rro: to any s+retr rtrpa-ci~~n ,*,zr. ArnK tea>unuhsc , ,s--r .... .t , =_rar.a t, r c..,Yrr.
<br />,ntermt :n the Proaenv.
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