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<br />UNtt-ottri Coverrwtvrs. Borrower and Lender covenant and agree as follows:
<br />1. Payitsas! of Prfaeipal sad IMernt. Borrower shall promptly pay whin due the principal of and interest on the
<br />indebtedness cvidericed by Ehe Nok, prepayment and late charges as provided in the 'Note, and the prim:ipa! of and interest
<br />rnt any Fututc Advances secrired by this DeeJ o! Tnist.
<br />1 Fswis tx Tlbtas and Inwraace. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly.installtnents of principal and interest art payabk under the Nak, until the Noce is paW in full,
<br />a sum (tnrein. "Fupds") eeptal ta.o[[c-twdfih of ,the yearly taxis and assessnu:nis which may alfain priOrify-over-this
<br />Deed of Trust, ~+atd ground rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance.
<br />E one-twelfth of yearly premium ittslatlments for mortgage insurance, if any, alt as reawnably estimated initially and from
<br />tiltK to time by LeM1er Wi she basis of assessments and bills sad reasonable estimates thereof.
<br />The Funds shit tic held in an irotNUtion the deposits or accounts of which are insttred or guaranteed by a Federal`or
<br />slate age[tcy finciuding Lentkr if Lender is such an institution). Lender shall apply the Funds to pay said lases, assessments,
<br />insurance premiums and ground rents.. Letsder stay not charge for so holding and applying the Funds, analyzing-said saotmt
<br />or verifying and compiling said assessments and bills, unless Lender pays torrower interest on the Funds xnd applicable taw
<br />permits lznder to make wch a charge. Borrower and 1_ender may agree in writing at the tittii of execution of this
<br />Geed of Trust [hat interest on the Funds shat! be paid to Borrower, mid unless such agreement is made ur applicable law
<br />requires such interest Eo 6c paid. Lender shall not be reyuirtd la pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Fwtds showurg credits and Jebns to the Funds and the
<br />purpose for which each debit to the Funds was male. The Funds are pledge) as additional security for the sums secured
<br />by this Deed of Trust.
<br />tf the amount of the Funds held by Linder, togi[her with the future monthly installments of Fattds payable prior to
<br />the due dales of taxes, assessments, insurance premiums ant ground rents, shall excreJ the amount required to pay said taxes.
<br />assessments, insurance premiums and groan) rents ag this tali Juc, wch excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower wr monthly installmcnt+ of Funds. If the amount of the Funds
<br />hdd by Linter stsall not be su(ticiem to pay [axes,. asxs+ments. msruance premiums and ground rents as they fall due.
<br />Borrower shall pay's Lender any amount nicezsary to make up the Jchciency within 30 Jays from the Jate notice is mailed
<br />by Lender to Borrower requestirrg payment thereof.
<br />Upon paytneni in full of all sums xcuriJ by [his DreJ of T'ni,i, 1 en[kr shah promptly retard to Borrower any Funds
<br />held by Linder. if under paragraph 18 herco( the Property i+ wld ur rile }'ropers is utherwisi acyuireil by Lcrtder. Lender
<br />shad apply. no lake than immediately pear ro the sale al the Property ur ns acyuisdwn by t_enJir, any Funds belt by
<br />Lender at the time of application as a credit against the sums secured by this DetJ of Trust.
<br />J. ApElieatloa o/ Pay[uats. Unless apphcabk law proviJcs otherwise, ;Jl payments « ccived try Lender under the
<br />Note and paragraphs I ant 2 hereof shall tic apphid by Lender firt m paymem u! amounts payabk w Lender by Borrower
<br />u[~er paragraph 2 hereof, thin to interest payable un the Note, then m the pnnapal at the Noti. artd then to interest and
<br />princepa! on any Future Advances.
<br />4. Ctsattes; Lkea. Borrower shall pay all tuxes. assrssmert+ ant other charges. finis ant .mposuions aitnbutabk [u
<br />the Property which may attain a priority over [his Decd of Trust. and IeaseholJ payments or ground rents, if any, in the
<br />matinee provMed under paragraph 2 hereat or, if no[ pail in such manner, by &.rrowrr making payment, when due, directly
<br />to the payee thereof. Borrower shah promptly furnish to t..euder all novices of antuunh Jrii under this paragraph, and in the
<br />eves[ Borrower shall make payment Jtrectly, Borrower shall promptly hirni+h to Lender receipts ivtdincmg strch payments.
<br />Borrower shall promptly disehar~e any lien whuh has pnorety aver this lk:cil at I rose, pruvediil, that ticxniwer shall rrw he
<br />required to discharge anY such lien so long as Borrower shall agree m wrung ar the payment of the obligation secured by
<br />such tiro in a rtsantrer acceptable to L.rnder, or shall in goal froth conies[ such Ircn hy. or JefrnJ znturcrmrnt of such hen m.
<br />Fegai ~Atroceedings which operate to prevent the enforcement of the hen cr torfriwrc of the Fruperty or any pan thereof.
<br />S. liaaard Iruraaee. Borrower shall keep nc~ improvimrnts now exnamg ur hereafter erected un the Property insured
<br />against loss by (ire, hazards included within the term "exttnJeil coverage'. ant +:rch other hataNs as Lender may require
<br />slid in such amounts and for such penods as Linder may rcyuue; pwviiled. that Lender shall wt reyuere that the amount of
<br />such coverage exceed that amount of coverage rryuircd to pay the sums xcurcd by thn f7eed o! Trust.
<br />The insurance carrier pruvidrog the inwrance shall be chosen by Borrower subject ao approval by Lender, provide).
<br />that atte6 approval shall riot be wsreasonably withheld. All premmnu an insurance pohcie: shall tx paid in eta: matinee
<br />provided tani~r paragarols 2 hereof or, if not paid in svcb m<annrr, by Bnrruwer making payrrtent, whin dtx, directly to the
<br />insurance carrier.
<br />Alf itnurartce policies and renewals thercol shall be in form acccptablc to 1_enJer and shall include a starufard mortgage
<br />clairse in faror of nod in torn acwotnbk to Lender. Lender shall have the right ro bolt the politics and rent:wab thereat.
<br />and Borrower shall promptly furnish to Lender ail renewal nsuices and all receipts u[ pail primiums. In the event of loss.
<br />Bortotver shall give prompt rtoticc to the insurance earner ant Lrndrr. Lender may male proof of lass rf no[ made prampt{y
<br />by Borrower.
<br />Unless Lender and Burrower uthetwrse agrce m wrung, mwrance pr€x:ecds shall 6i applieJ to reswration or repair of
<br />the Property damaged, provided such testoratiwi ur repan n ecunomicaNy icavble and the security of thn Dieil of Trust u
<br />rat ttxreby impaired. if such rutoratrar err repine is riot icunumically fiasibk or if the security of [his Deed of TYus[ would
<br />be impaired, the insurance proceeds shall Pte applrcJ to the some secured by this [7ecd of Trust, with the excess, if any, pail
<br />to Borrower. If the Properly is abandorteJ by Baxruwer, ar if Borrower fails to respond to L enJir within 30 days from the
<br />daft riWice is mailed by Lender to Borrower Thai the mwrance carrrcr oilers to settle a claim jar msurancr benefits, Lender
<br />is auihorizet! W a:ullect atsd apply the insurance proceeds u Ixntter's option either to reswrauon or repair of the Property
<br />or to the sums secured by this t)txvl of Trust,
<br />Uakss lender aad Borrower whirwise agree in wrung, any such application iii pra~eds io principal shall not extend
<br />or passe the dos [lase of !~ monthly insla!!rt>±ttts silirrcJ to in paragraphs I ant 2 hereof ar change the amount of
<br />s[xb instaBt[teats. if tt[tdtt imragrapM I g tteteul the Praprrty is acyuuid by 1_e[tder, a!I reght, trill seal interest of Borrower
<br />in and to any insurance polices ami m and to ihi proceeds thcno( resulting from damage m the Property prior to the sale
<br />or acquisition shat! pass to Lender to the cxtcM at the sums secured by thu DeiJ of Trirst immediately prior to such sale or
<br />acquisiutm.
<br />L lraerrWoa tte0 Mttialeaasree of Property; Lea>,efwlds; i:ondoariaiams; Plaaaed Utslt Dereleptaeals. Borrower
<br />shalt kcep the Pwpeny m goal ripmr slut shall nor ainrmit warm or pinn~t imp.urmcnt or ileteriorauon of ttii Properly
<br />anti shall try with the provisions of any kale if this Uectt of Trust rs on a Icaxhoid. If this lied of Trust is on a unit in a
<br />cotidomirtium or a planned emit development, Borrower shall perform sit o! Borrower's obhgatioas under the declaration
<br />W toaenants Cleating or governing the coruiominium ur planned amt devcioprnent, the by-laws ant regulations of the
<br />conlfotsiaiuas or planned unit ifevebpment,rrtd consutuent documents- !(s conJuminium ar planned unit development
<br />rider is exuuted by Borrowar amt mordid togtthcr with [his laced of "l ruse, the corenan:s and agreements of such rider
<br />shall be i[tcotpotated into at[d shall amend and supplement the covenants ant agreements of this Dced ut Tests[ as if the rider
<br />reete a piiar hereof.
<br />9. Pettacctloa ~ t.ewder's Securfty. if Borrower farts to perform the covenants aril agreements contained in this
<br />Dad of Trent, or if any action or prtxxeding is commetrciJ which niatcrially affects Lender's interest ir. the Property,
<br />ineludittg, but not limited to, eminent domain, insotvenc}, code inforcemint. or arrangements or prucceJings involving a
<br />liatd[rupt or decedent, thin Lander at Lender's option, upon notice to Borrower, ntay make such appearantis, disburst such
<br />siurt6 ate take such action as is necessary to project Lender's interest, including. but not limited to, disbursement of
<br />reasontible atttxtsey's fees and entry opal the Property to rule «pain. It LenJrr rrquirid mo~gage insurance as a
<br />comidiliwt of making the loan secured by this Deed of Trust, Borrower shall pay the primiums requiter! [o maiauin sleet[
<br />imlirais4e is elxx~t unfit such time as rift requirement for Stich insurance rcnnina[ts in accordance with Borrower's and
<br />Lensi,tr's written agroett[ent or apptiwbk law. Borrower shall pay the amowit ul all nwngage insurance premiums in the
<br />mantles pmrid2d ter paragra~t 2 hereof.
<br />Any atrwiwis diabucsed by Lentkr pursuant la this tratagraph 7, wnh interest thireun. shall becwrte addiut+nal
<br />itidebse6noss of Borrower secured by Ibis Detd of Trust- Unless Borrower and l.enJir agree ro other terms of payrrttnr, such
<br />ariwimtr+alufi bt payabk upon ttotiie fear [.ender [o w~rrowcr rcytresting payruint thireaf, and shalt bear interest learn the
<br />of dfabt[rsemeni at else rata pstyahde from tierce to tinx alt uuts[anJing principal under the Na« arks payment of interest
<br />at axb rats wor9d 6e conuary to applit:abk law, in which event such amauws shall t+iar nrtcrrsi at the highest rate
<br />ptBtsissiUls trtrdex tippticabk law. Nwhing roruaituvl in this paragraph 7 ,hall require Linder to incur arty axpx:tue or take
<br />any ttetitas httrotusdtrr.
<br />~. 6ttttFaawsler, Lerxkr [nay tna-e sir cause to be made reasonable ci+trris rrjawr ant tmpecutnss u# the Prtrpetty, pruriJeJ
<br />strati l,ttsagtr that! glee Bnrrowar notice prior to arty weft inspeclran ><ptitifyiug riawnabk cairsi therefor «latrd fo Lendcr~s
<br />trtttmr^!st rn fhe ~ttteerlY.
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