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<br />1J[i1FORS[ C6VENANTS. Borrower and Lender covenant and agree as tollaws:
<br />1. Payment of Principal and folerest. Borrower shall promptly pay when due the principal of and interest on the
<br />meSehtedness evidenced by the Nate, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on anv Future Advances secure) by [h!s Ueed of Trust.
<br />2. Funds for Taws and Irtsuraoce. Subject to applicable law or to a wrinen waiver by Leader, Borrower shall pay
<br />to Lender on [he day monthly installments of principal and interest are payable under the Nole, until the Note is paid in foil,
<br />a sum therein "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, it any, plus one-twelfth of yearly premium installments for hazard insurance.
<br />plus one-twelfth of yearly premium installments (or martgage insurance, if any, all as reasonably estimated initially and from
<br />time to time by LcnJer on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall 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 institutiony. Lender shall apply the Funds to pay said taxes, assessments.
<br />insurance premiums ant ground rents. Lender may not charge for su holding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest 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 />DeeJ of Trust that interest on the Punts shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requircK such interest w he pail, Lender shall not 6a; required w pay Harrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, wuhout charge, an annual accounting of the Funds showing creJits ant Debits ro the Funds artd the
<br />purpose for which each debit to the Funds was made The Funds arc pledged as additional security for the toms accrued
<br />by this Decd of Trust.
<br />If the amount of the Funds held by Lender, together with the (wore mmuhly installments of Funds payable prior to
<br />the Jue Dates of taxes, assessments, insurance premiums ant ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, incur nee premiums and ground rents as They tall Juc, such excess shall Ix, al Borrower's option, either
<br />promptly repaid to Borrower or credited to Hurrowcn on monthly installments n( Funds. IF the amount of the Funds
<br />held by Lander shall not be ndiieienl m pay razes. assessments, imurance premiums and ground rents as they fat! due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 3H days from [he date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upan payment in full u( all sums secure) by this DecJ of Trust, Lender shall pnrmptiy refund to Dorrower any Farads
<br />held by Lender. If under paragraph ig hereof the Proparty is sold or the Properly rs otherwise acquire) by Lendee Lender
<br />shall apply. no later than immediately prior to the sale of the Property ur its acyuisniun by Lender, any Funds held by
<br />Lender at the time of application as a credit against the wins secured by This UccJ of Trust.
<br />J. Applieufion of Payments. Unless applicable law provides otherwise, all payments recerveJ by Lender under the
<br />Note ant paragraphs I and 2 hereof shall be applied by Lender firs[ in payment of ammmts payable W Lender by Borrower
<br />under paragraph 2 hereof, then W interest payable on the Note, then W the prinepal of the Note, and then m interest and
<br />principal an any Future Advances.
<br />4. Charges; Lietts. Borrower shall pay all Iaacs, avscvmcnts ant other charges. tines ant ~mpovtians attributable to
<br />the Properly which may attain a priority over this Deed of Trust, and IeasehulJ paymcros or ground rents, if any, in the
<br />manner provided under paragraph 2 hereot or, it nut paid in such roamter, by Burrower making payment, when due, directly
<br />[o the payee thereof. Borrower shall promptly furnish to (.ender all notices of amounts due under this paragraph, and in the
<br />(vent Dorrower shall make payment directly, Borrower shall promptly furnish to LcnJer receipts eviJenc'mg such payments.
<br />Horrowe; shall promotly discharge any lien which has priority over this Uced u( Tnat; provide). that Burrower shall not be
<br />required to discharge any such lien xt lung as Harrower shall agree in writing !u the payment of the ohhgauon secured by
<br />such lien in a manner acceptable to Lender, or shall m goof Imth coolest such lien by, ur JeFenJ enforcement of such hen m.
<br />legal proceedings which operate to prevem the cnlorcement of the hen or lorfa.•iuue of the Property ur any earl thereof.
<br />5. Hazard Insurance. Borrower shall keep the improvements now cxisung or hereafter erected on the Property insured
<br />agaimt Toss by fire, hawrds included within-the term "extendeJ coverage", ant such other hazards as Lender may regmrc
<br />and in such amounts and for such penuds as Lender may reyui«; pnrvideJ, that Lender shall not require that the amount of
<br />such coverage exceed that amount of coverage rcyuncd m pay the sums se vmd by this Deed of Trust.
<br />The insurance earner proviJing the insurance shall be chosen 6y furrower subject to approval by Lender: pn,vidcJ.
<br />that such approvni shall not be unreasonably withheld. All premiums an inuu:mcc policies shall he paid in the manner
<br />provided under paragraph 2 hercut ur, i( not paid in such manner, by liurruwer making payment, when Jun:, directly w the
<br />irS[Ir-_~:Ce caii?er.
<br />All insurance policies and renewals thereof shall be m form acceptablt to i.ender and sh:dl include a standard mortgage
<br />clause n[ favor of and in form acceptable to Lander i"ender shall have the right Ie hold the polices and renewals [hercut
<br />and Borrower shall promptly furnish to Ler0.lcr all rcuetr d notices and all reecrpts ul paiJ prenuunts. In the event of loss,
<br />Borrower shall give prompt nuuce m the insurance earrver and Center. Lender may make piout ut los+ d nut made promptly
<br />by Borrower.
<br />Unless Lender and Hurrowxr otherwise agitt m wnt mg, msuran<e pnxecJs ,hail he applied m usmrauan ur repau of
<br />the Property damaged, provided such resturauun or rcp:ur n onunucally Icasiblc .tad the + runty of thn UccJ ul Trust n
<br />no[ iherebY impaired. If such restortuon ur repair rs not econonucally Icavhle ur d the ,ecuruy ui dn+ IheJ ul tout wool)
<br />be impaireJ, the imurance proceeds shall be applieJ m the won secure) by this Uced of l7ust, wnh the e+ce+s, d any. paid
<br />to Dorrower. If the Property is abaniloneJ by Burrower, or i( Borrower Lu6 m respunJ to Lender ++ithm )U Jays from the
<br />date nu«ce is mallet by Lender tU Dorrower that the insurance earner alters to scuk a ela~m for imurance benefits. Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option caber w « sioruwn ur rep:ur of the Prupe rq
<br />ar to tha sums secured 6y [his Deed of Trust.
<br />Unless Lender and Dorrower otherwise agree m wnnng, any wch apphcuiun of proarcJs to pnncpul shall nut euenJ
<br />ur pustpuue the Jue Jate ul the monthly installments rel Crn;J w in paragraphs 1 and 2 hereof u ~ change the amount ut
<br />such uuuilimrnis. If under paragraph Itl hercut the Properly is ^cyuucd by LenJer..dl nght, title aoJ interest of Borrower
<br />in ant m any insurance polices and in and to the pruceeJs thereof rnuhing Tram damage m the Pnrperfy pour to the s:dc
<br />or acyuisniun shall pass to LcnJer to the c.xlent of the sums secure) by this DeeJ of !'rust unntcdmlcly poor to such sale or
<br />acyuisniun.
<br />6. Preservutlon ant Muinlenance of Properly; Leusehulds; Condominiums; PlanneJ Unit Unvelupments. Harrower
<br />+h:Jl keep the Property m gout repair ant shall nw connuu ~ sate ~n i?cimn unp;w nrcnl Jrmnardion of the Pntpcrt}
<br />and shall camply with the provisions of :my lease rf Ibis Uecd oF'U rat a ou a IcueholJ. If dos Dec) of "Trust is un a unit in a
<br />wndomimum ur a planned unu developnreot, llurrower shall Ixrtunn all of Borrower's uhligwiuus under the declaration
<br />ur covenants creating of governing the umJwnmium or planneJ unn Jevelupment, the 6y~laws and regulations of the
<br />condominium or planneJ amt Jevclapmecn, ant emuuuiem documents. If a condominium ar planned amt development
<br />rider is executed hY Borrower and recorded together wch this Decd of -'-ant, the covenants ant agreements ui such rider
<br />shn!I `. ~ :itcorp; rated i[ua and shad amenil soil wpplentent the eo+xncuus and agreements ul this Uecd of !'rust as it the rider
<br />were a pan hereot.
<br />7. Prniecliatt of Lender's Security. If Dorrower tads n, perform the an•ctants and agrcemems cor.t:nned in this
<br />Deed of Trust, or if any action or pruceedueg is cununcrced which rower wily utrecb LenJe is ~mercst in the Prn perry.
<br />including, liar not limited tq emmem domain, unolvency, rate enloreenrcn6 or arrangantenu or proceedings i roulving a
<br />bankrupt or decedent, [hen Lender at !.ender i option, upon novice to Borrower, may utakc such appearances, ebsbone such
<br />sums and rake wch action a s necemary W protect LcnJer's imetest, including, his[ not limited to, Juhuncntent of
<br />reasonable auorncy's tees and entry upon the Property to nwkc repairs II Lender required nwrtgnge insurance as a
<br />condition of making the loan secured by this DeeJ u( Trust, Harrower shall pay the pretoiunts required to mauuam such
<br />imurance in elfect until such time ns the rcyuirentem tar such msuraoce tenuinata in accm~J;utce with Horntwer's and
<br />Lender's wriuen agreement or applicable law. Harrower shall pay the amount ul all nwrlgagc msuruuce prenuunts in thr
<br />manner provided under paragraph 2 hereof.
<br />Any amounu disbursed by LcnJer pursuam to this paragraph 7. wch interest thereon, shall become aJdmon:J
<br />indebtedness of Dorrower secured by thts UeeJ of Trust. 1l nlcss Dorrower ant I coder agree to other terms of rytyntent, +uch
<br />amounts shall he payable upon notice from LcnJer to Borrower requesting payment thera+f, ant shall Ixur interest Iron the
<br />date at disbursement at the rule payable from time w time on outstanding princpat under the Note unless payment of interest
<br />at such rate would 6e cantrary to applicable law, in which evcm such amorous shall tram uucrest at the highest rate
<br />~smissib!e under applicable !aw. Nothing contained in this paragraph 7 shall reyutre Lender to incur any expense or take
<br />any action hereunder.
<br />g. hrspeclloa. Lender (nay ntnke ar cauu m be made renwuabic colors upon ant ntspeclwns of the Properly, provide)
<br />.bat faanier shalt Oita Dorrower noti,:c prior to any wash inapec[iun spacifymg reaumable cause therefor rel.ueJ to Lenders
<br />... ere~t ... the Pr;,,~....
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