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<br />UNIFORM Covetuatvrs. Borrower and Lender covenant and agree as follows:
<br />1. Papmemf of Principal aed Intere~. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided In the Note, and the principal of and interest
<br />on any Future Advances secured by [his Deed of Trust.
<br />2. Fasds for Taxis and Irtamaoce. Subject to applicable law or to a written waiver by Lender, Borrower shat[ pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, until the Nate is paid in 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 [hc Property, if any, plus one-twelfth of yearly premium 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 by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits ur 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 this Funds to pay said taxes, assessments.
<br />ir>_curance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said accoum
<br />or verifying and compiling said assessments and hips, unless Lender pays Borrower interest on the Funds ant 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 />Decd of Trust that 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 6e required to pay Borower any interest or earnings on the Funds. Lender
<br />shalt give to Borrower, without charge, an annual accounting of the Funds showing credits and Jehits to the Funds and the
<br />purpose for which each debit m the Funds was made. The Funds are pledged as additional security for the sums secured
<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 rents. shall exceed the amount required to pay said taxes.
<br />ass~smcnts, i rsc premiums a,,-.d ground rents as tlaa• tall due, such ezcos shall 6e, a Borawers odor., eifhei
<br />promptly repatd~to Borrower or credited to Borrower on monthly instaiimenls of Funds. Ife[he amami of the Funds
<br />held by Lender shall riot t>c sufficient to pay lazes, assessments, insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amamr necessary in make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in (all of all sums secured h}' this Decd of Trust. Lender shall promptly refund to Borrower any Funds
<br />held by Lender If under paragraph 18 herrnf the Pmpetty is sold or the Property is otherwise acquire) by (.ender. Lender
<br />shall apply, no later than immediately prior m the .air of the Prnpcrt}• or its acquisition by Lender, an}• Funds hell by
<br />Lender at the time of application as a credit against the sums secumr by [ha Dced of Trust
<br />3. Application of Paymeols. li nlets applitahlc law pmvidcs otherwnse, all payments receive) by Lertdcr under the
<br />Note and paragraphs I and 2 herrnt shall he applied by Lcndcr farst in payment of amounts payable to [.ender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Nptc, then in the principal of the Noie, and then [o interest and
<br />principal on any Fu[um_ Advances.
<br />4. Charges; laeos Burrower shall pay alt Ia+cv. asscssmem, and other charges, tines and impositions attributable to
<br />the Property which may attain a priority over this Deed of Trust- and leasehold payments nr ground rents, if any, in the
<br />manner provided under paragraph 2 hereof or, i( not pail in such manner, by Borrower making payment, when due, direcNy
<br />to the payee thereof. Borrower shah irromptly furnish to Lender :JI ounce, of amamts Jue under this paragraph, and in the
<br />even[ Borrower shall make payment directly, Borrower .shall promptly furnish to (.ender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority one thn Ili sd of Tntn; provided, that Horn:wer shall r+ot he
<br />required to discharge any such lien so long as Borrower ,hall :egree m writing to the payment of the obligation secured by
<br />such lien in a manrter acceptable to Lender, or shall m goal fanh contest urth ben hy, or JeCenJ enforcement of such hen vr.
<br />Iega! promedings which operate to prevent the cnforsemrnt of the lien or forfeiture of the Property w amy part thereof-
<br />5. Ile~s'd In3nrmsce. Barmwer shall keep the :mproucmcros ::nw' sa;st:n}: nr hcrr:sfter crested on !hs Property insureD
<br />against loss by fire, hazards included within the Icrm "eztcndeJ coverage"_ amt such miter hazard, a, Lender may regwn•
<br />and in such amounts and for such periods as Lender may regwn: pmvidcJ.:hat [ender shall not require that the amount ul
<br />such coverage exceed th:u amount of coverage rcyuunD to pa} the sums secured by Ihu Dced of Tnrsl.
<br />The insurance carrier providing the insurance shall he chosen by Borrower xih!ect to approsal by 1 ender. pro+-rJeJ.
<br />that such approves: ;hall not he unreasonably withheld Alt prominent . n utsurance polis;es shall he part in the mantver
<br />provided ^mder paragraph ? heroof or, if no[ pall m such manner, by &,rtowcr mnx me Payment, wren Juc..brectiy [o the
<br />insurance carrier.
<br />Alt insurance p:.licr ;and :+,rc~ ;ales tiverer•; ah«Il he t,e tort. ---eptah - € -- .dGr -r- all r- stated- rJ n=engage
<br />douse in favor of and in (orm acceptable to i.c.^.Jcr. Lender ,hail ha~~c the rrgh: fu lint) for p:.*hne, end rcn, e-al.~thereut_
<br />and Borrower shall promptly furnish rn Lender all renewal notices ant alt :a.cipt; of pan: pre:mum,. In the event ul kris.
<br />Borrower shall give prompt notice «> the insurance earner and tenter I ender m:n make proof of lot, it not made prompt(}
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, msru:uxe preececJs ,bah tx appheD ar re,toni«on ur repine of
<br />the Property damaged, proviJed such restoration or rep:ur n conomicaily IC9MMr ant Ihr , n:nr} of thi, Used of Trust r,
<br />no[ [hereby impaired. If such restoration or repair is nut econunucully teavbk ur .t the scrunry of Ihi, UceJ of 1 riot wool)
<br />be tmpaireD, the insurance proceeds shall t>e applied to the sum, secure) by Ihi, Deed ut l7ust. wish Ihr execs,, rt any, p:uJ
<br />to Hofrower. If fire Property is abandoneJ by Borrower. nr if Burrower I:uls m rnponJ la i cnJrr wuhin 3f1 dais In+m the
<br />date notice is mailed by Lander to Borrower Ih¢t the insurance corner ofTcrs to scale a darn for m,urancc benefits. 1 cuter
<br />is authorized to collect and apply the insurance pr.xeeds :et l.cnder's option sober to re,tur:won ur rcpau of the Propene
<br />or to the sums secured 6y this Deed nE Trust.
<br />Unless lender and Borrower otherwise agree m wrung, any such apphcauon of proceeds ne principal ,hall not extent
<br />or postpone the due Dale of ;he month(}' installments relerreJ to m paragraphs 1 ant '_ htra,l o change the :unouni of
<br />such installments. !f under Paragraph I S herttn !hc Property r acquired by ! order, a!I right. Inlc and uucrc,t nt Hor.uwrr
<br />in and .o any insurance policies ant in ^nD Ile the procecJs Iherrol' resulting Irum Damage to the Property pour to the sale
<br />or acquisition shall pass to Lender m [he extent of the twos secure) by this Der) of I-ruse unmeJialel} poor to ,uch sale or
<br />acquisihon.
<br />6. Preservation ant hlalnfenance of Properly; Leaseholds; Cmtdmniniums; 1'Ianned knit Ihvelopments. 13ni row cr
<br />shall keep the Prupeny m good repuu ant ,hail not annnur waste m prone( uupun moot , docnnra«uu of Ihr Propcrq
<br />and shall rnmply with the provisions of :ury lease if this Decal u(T nut u a Ir:ncholJ. !i [lies DeeJ o(l rust n a urn m a
<br />condominium or a planneJ unit Developntenr, Borrower shall pedonn wll ui Borrower's ubligauons under the drrlar,nion
<br />ur covenants creating ur governing the ,andominiwn or planned amt Jevelupnient, the by-laws dnJ rugulabon, 01 the
<br />condominium ur planned unit Jevelopmcot, and conch( uem Dix umcnts. If a nmJominium of plmmcJ urn dr,clopnwm
<br />rd,r is execut~3 by S ai::! rscvrdcJ tuge{hcr with th;s UsaD of 1 rust. the covcnams ant age c•rn;cm. of ,u. t; is
<br />shall t+e insorporateJ into and shall amend sot supplCmem the covc•nann and agrceinenla of Ihrs Dced of hru+r ~, it the uJer
<br />were a part here;;f.
<br />7. Ptotectton of Leader's Security. I[ Borrower lads to perlurm the covcnam> ; nJ agreements cd i r ihr,
<br />Dced of Trust, m' if any action or pnxeeJing rs ttvnnteuceD which rnatrn;dly .dlects LeoJer'+ interest m the Pmixny.
<br />including, but not limited lo, eminent domain, insolvency, code eniarecment, or arrangement, nr proeeeJmg, a voh mg e
<br />bankrupt or decedent, then Lender at Lender's option, upon notice to Borrower, may ~ take , ich aplv:. dnhur,r , i.h
<br />sums and take such action as is necessary to protect Lender> m0.rrc+1, i tc!uJing. but not LmiteJ etas Jtshuncntem n,
<br />reasonable uUOrneys fees and entry upon the Property «t make repairs It Lender rcyuu cJ rnougagc u
<br />sonditimr of making the loan secure) h}' this L)ced oC ~!?tit, Borrow-sr shall pa} tt:c prcnunms rcywreJ to nsiarntem .,
<br />insurance in eRecf oriel( such time as the n'<IuiremenY for such inwrmec lei nunales m a 'or Jaure with Bon nw cr~, ,inJ
<br />Lender's wriUen agreement or applicable low. Borrower shall pay the :unounl ul :JI mortgage muu:utcc picm~mm .n ihr
<br />manner provided under paragraph 2 hereof.
<br />Any amounts Disbursed ny' i_ender pursuant to thn paragraph 7. wnh ~nicrest thereon. ,I:all F.eueine .uldn:~m.r'~
<br />indebtedness of Borrower seeureD by' this Decd o('Lnrst. Unless Rorntwcr ant 1 cudor ogres lu uthci Icinn of p.n mein. ,u.i,
<br />smounls shall hr payable upon notice from lender to Borrower reyueshng pay nu•rn Iherrol, ant ,hail hc.u unen•st rum the
<br />date of disbursemcni at the rate payable from time to time on outstanJing principal under the Note unto.+e payment of uncresr
<br />of such tale wor!IJ he contrary to applicable 1¢w, in which c en[ ,uch smounls shall !via: :ntcrc+t al the highc,t rate
<br />permissible under applicable taw. Nothing comaineJ in rho paragraph 'shall require I ender «e incur an} eslxnsc ar take
<br />any action hereunder.
<br />g 3:pct:;;. Lender may „ - os cause t , be n)ade seasonable .- - on .m;i m, eecr:ons - - c Ps.e .rr}. trot
<br />uP t. of :: r pn
<br />r Lender =hh g e H~t_..-_. -._.. ~.1 print !n arty such ins; ;.:lion spsufying tea:erabte cauu hxretar :a!atrd io I c.i,... -
<br />inlerest in the PronertV.
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