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Utrrroazt Cwetvsrtrs. Borrower and Lender covenant and agree as (oltows:
<br />f. Payment of Principal and lnlerest. Borrower shall promptly pay when due the principal of and interest nn the
<br />indehtalnesa evidmctd by the Note, prepayment and late charges as provided in the Nnte, and the principal of and interest
<br />on an Future Advances secured by this Dced of Tn,st.
<br />?. Fatsda for Tinted and irmarnrce. Subject to applicable taw or to a written waiver by Lender, Borrower shall Pay
<br />t0 Lender on the day monthly installments of prihdpal and ineerest are payable under the Note, until the Note is paid ir, full.
<br />s sum {herein "Funds'} equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />ixea' of Trust, and ground rats on the Property, if any, pins or-twelfth of yearly premium installments far hazard insurance,
<br />plus one-twdtth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />Gene to timE by Lender on the basis of assessments and bites and reasonable estrmates thereof.
<br />The Funds shall tit held in an institution the dtposits or accounts of which arc irtsured or guaranteed by a Federal Or
<br />state agertty (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments.
<br />insorantx premiums and ground rents. Lender may not charge for so fiolding and applying the Funds, analyzing said attount
<br />or verifying and compiling said assessments and biNs, unless Lender pays Borrower interest on She Fantls and applicable law
<br />permits Lender to make such a charge. Harrower and l..ender may agree in writing at the time of execwion of this
<br />Decd of Trust that interest an the Funds shall bt paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to lx paid, Linder shall not be required to pay Borrower any intcrest or wrnin~s on the Funds. Lender
<br />shalt give to Harrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />punrose for which tack debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Died of Trust.
<br />tf 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, insurartcc premiums and ground rents, shalt exceed the amount required to pay said taxes.
<br />assessments, insurance premiums and ground rents at they tall due, such cxcexs shalt tx. at Borrowers optmn, either
<br />promptly repaid to Borrower ar credetcd to Borrower an monthly installments of Funds. If the ammmt of the Funds
<br />held by Gender shall not be sutTicient to pay taxes, assessments, insurance premiums and ground rents as they fall dot.
<br />Borrower shall pay to Linder any amount necessary to ma-e up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower rsquesting payment thereof.
<br />Upon payment in full of all sums secured by this Decd of Trust, i_ender shall promptly refund to Borrower any Funds
<br />held by Lender. if under paragrafth 18 hcreo( the Property is sold ar the Proptny s otherwise acquired by Lender. Lender
<br />shag apply, na later than tmmtdtately prior to the sale of the Property or its acquisition by Lender. any Funds held by
<br />fanrdu at the time of application as a trtxld against the sums sttured by this Deed of Trust.
<br />3. Applicazbn of Payments. Unless applicable taw provides otherwise, all payments received by Lender under the
<br />Note and paragraphs i and Z Mereof shah he applied by i_eoder first m payment of amounts payable to Lender by Borrower
<br />udder puagraph 2 hereof, then to interest payable on the Note, then to the principal of the Note, and then to intcrest and
<br />principa) on any FvArrt Advances.
<br />4. Charges; [.tens. Aur:ower shall pay all taxes. assessments and other charges. fines and impositions attributable to
<br />the Property which may attain a priority over this Deed of Trust. and leasehold payments or ground tents, iF any, in the
<br />manner provided under paragraph 2 hueof oq if not paid in such manner. by Borrower making payment, when due. directly
<br />to the pays thereof. Borrower shalt promptly furnish to Lender all notices of amounts due ~naer this paragraph. and in the
<br />event Borrower shalt make payment directly, $o; rower shalt promptly turmsh to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority over this Deed of Trust: provided, that Borrower shall not he
<br />requited to discharge any such lien sa tong as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a manner acceptable :o Lender, or shall m good faith comest such Len by, nr defend enforcement of such lien in.
<br />legal pproceedings which operate to prevent the en(orcetrtent e( the hen or €or(eiture of the Property or any part thereof.
<br />S. liaasrd frr>urraatt. Borrower shallkeep the improvements now existing or hereafter erected nn the Property inwred
<br />against loss by fire, haaards included within the term "extended coverage'. and such other hazards as Lender may require
<br />dad in such amounts and for such periods as Lender may require prnv,ded, that [_ender shag not require that the amount nt
<br />such coverage exceed that amount of coverage required to pay the sums secured by th+s Dttd of Tntst.
<br />The insurance carrier providing the insurance shat) tie chosen by Borrower subject to approval by Lender' provided.
<br />that such approval abaft not be unreasonably withheld. All premiums am insursncc 2wLCies shall be paid in the manner
<br />provided under paragrmph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />iosuraox artier.
<br />AtI insurartcc polrcics and renewals thcreot shalt :se sr, .'ore a;:.epta;*>c +a Lzndtr and shaS; include a standard mortgage
<br />clause in favor of and in Form acceptable to Lender. Lender shall have the nght to holy the policies and renewals thereof.
<br />and Borrower shall promptly furnish to Gender aU renewal notices and ail receipts of pa,d premiums. in t:re event of '._s.
<br />Borrower shall give pron.,rt notice to the insurance career and Lender. lender may make proof of toss if not made promptly
<br />by Harrower.
<br />Unless Linder and Borrower otherwise agree :n writing, ;nsurance proceeds ahatl he applied to restoration or repair of
<br />the Propery damaged, provided such rtstarattan or reps+r vs e.e>~=rn:rad?v rtasnh4e and the security of th+s Deed of Trus7 is
<br />oat tirtreby irirpaiCcd. ~ ..h resiorat:an ar repo:: i- rant :.~ :o :z:taity teas+bic or .f ihs Sccur-icy of this ueed of 'i n,sr would
<br />be impaired, the insurance4proceeds shalt he applied to tht sums secured by this Deed of Trost, with the excess, if any, paid
<br />to Borrower, if the Property is abandansd by Bar rawer, nr d 8arrawu fasts to respond to Lender within 30 days from the
<br />dolt nntict is mailed by Lender to Borrower that the insurance carrier o(ftrs to acute a clam fee insurance benefits, tender
<br />is authorized to Collett and apply the i .. r. pratteds a. Lendcss option rthe: to restarat~cn ar repair at the Property
<br />or to the sums secured by this Dttd of•Tn+st~
<br />Unless Lender and Borrower otherwise agree m writing, any such application of proceeds to principal shall oat extend
<br />or postpone the due date of the monthly installments referred to m paragraphs I and 2 herco( or change the amoum of
<br />such instatlnxnis. if ut7der paragraph I R hereof the Property s acquired by Lender, ail right, edit and imerest of Borrower
<br />in and to any insurance polities and m and to the proxeeds titercof resulting Iron damage to the Property prior to the sale
<br />or acquisition shalt pass to Lender :o the extent of the sums secured by this Deed of Trust immediatNy prior to such sale or
<br />acquisition.
<br />6, Preservation artd M:irrtenance of Property; Lsaxteoid_s; Candomiaiums; Planned Unit [1~tvebpments. Borrower
<br />shalt kelp the Property in good repa+r asd dhoti oat comm.t writs or pcrnw impainncnt nr dctcnnratian o[ the Property
<br />and shalt comply with the provisions of any lease if the Decd of Trrst is on a Icasthold. if this Deed of Trust is nn a unit in a
<br />condominium or a planned unit development, Borrower shah perform ail of Borrower's obligations under the declaration
<br />ar covenants creating or governing the condominium or planned unit development, the bylaws and regulations at the
<br />condomituum or planned unit development, and constduent documents. If a condominium or panned unit development
<br />rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such rider
<br />ahatl ht incorporated in7o and shall amend and suppkmsnt the covenants and agreements of this Dced rat Trost as i( the rider
<br />were s part hereof.
<br />7. Pnoiectian of Leadu's Security. it Borrower falls to perform the covenants and agreements canta+ned in this
<br />Detxt of Trust, or iF any action or proceed+ng is commenced which materially affects Lender's interest m the Property,
<br />irrcht~ing, but itOt limited to, eminent domain, insolvency, code enforcement, ar arrangements or proceaiings invalvtng a
<br />bankrupt Or dtt;edent, then I.ttsder at Lender's option, upon tWtice to Horrower, may make such appearances, disburse such
<br />Burns and take utc6 action as is nec,:ss:~ to protect Lender's interest, irsciuding, but not limited to, disbursement of
<br />rwaanabit attorney's fees and entre upon the Property io make repairs. !f Lender required mortgage insurance as a
<br />condition of making the loan securcti by ties Deed of Trust, Borrower shall pay the premiums required to maintain such
<br />irrwrattcctn effect unto sorb time as Phe requirement far such insurance terminates ;n accordance with Borrower's and
<br />Letakr's wriuen agreement or applicable taw. Harrower shall pay the amount of ail mortgags insurance premiums in the
<br />rnanMt prov;ded urger paragtapb 2 hereof.
<br />Any arntwnis duburses! by Lender pursuant to ibis paragraph 7, with intcrest thereon, shalt txconre additionsi
<br />itsdtbtedirxas of 9orrowtr secured by this Deed of Trtss7. ldnltss Borrower and Lender agree to other terms of payment, such
<br />amounts slut! be payable upon notice from Lender to Borrower requesting payment thereof, and shat tear intcrest from the
<br />dttla of tiisbursetttant at the tall payable trom time to runt on outstanding pnnctpal under the Nat tmkss payment at intcrcst
<br />at such raft would be tatiraty to apptKabla law, in which cued such amounts shall bear intcrest at the highast rats
<br />pumisaibie utsder appl~abk law. \ruhxng cantaitud in this paragraph 7 shalt require Lander to incur any expense ar take
<br />any aetittn htteunder.
<br />#. irgrptct'ss. i.cstd:x may make cr cause to 6s made rcoaansbte entries upon and ,asptu,ons of the Praputy, Provided
<br />that t,tnilGr apWll iivt &xrrrwer notice Aria: to any sutF inspettian specifying reasonable roast ;hcrefor rslated to l.cndsr~s
<br />interest in the Proterty.
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