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81- UU2799
<br />UNIFORM CoveNetvTS. Burrower and !.ender covenant and agree as Iblbwx:
<br />1. Payment of Principal snd inlercst. Borrowrr shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by tF.e Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on anyy Future Advances secured by this DeeJ of Trust.
<br />2. Frady for Tara sad Irtsrranse. Subject to applicable law or to a written wc.•rer by Lender, Borrower shall pay
<br />to Lenrter on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessmems which mayatlain priority over this
<br />Deed of Trust, and ground rents on the 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 />tune 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 or accounts of which are insured or guarantced by a Federal or
<br />state agency (including Lender if Lender is such an institutions. Lender shall apply the Funds to pay said taxes, assessments,
<br />iruurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing-said account
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Foods and- applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing a[ the time of execution of this
<br />DceD of Trust that interest on the FtrnJs shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall nut bt reyuired to pay Borrowrr any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, en annurl accounting of the Funds showing credits and Debits to the Funds and the
<br />purpwe for which each debit to the Funds was made. The Funds arc pledge) 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 [axis, assessments, insurance premiums and ground rents, shall exceeJ the amount required to pay said [axes,
<br />assessments, insurance premiums anD grounJ rents as they fall due, arch excess shall be, at Borrower's option, either
<br />promptly repaiJ to Borrower or credited to Borrower nn monthly installments of Funds. If the amount of the Funds
<br />he1D by Lender shall not he su0icient w pay taxes, assessments, insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount necessary fo make up the deficiency within 30 days from the date notice is mailed
<br />by Leader to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secure) by this Deed of "Trust, Lender >hall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph I8 hereof the Properly is sold or the Property rs otherwtse acquired by Lender. Lender
<br />shag apply, no later than tmrnrDiately prior to the sale of the Property or its acquisnion by Lender, any Funds held 6y
<br />Lender at the time of applicalian as a credit against the sums secured by this Uerd of Trust.
<br />3. Applica6oa of Payments. Unless applicable law provides otherwise, all payments receive) by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall tx applied by Lender first m paymem of amounts payable to Lender by Borrower
<br />undtt paragraph 2 hereof., then to interest payabic on the Note, then to the principal ul the Note. and then to interest and
<br />principal on any Future Advances.
<br />d. Chages; Liens. Borrower shall pay all taxes, assessmaus and other charges. fines anJ impositions attributable to
<br />the Property which may attain a priority over this Deed of Trust, anJ IeaseholJ payments or ground rents, if any, in [he
<br />manner provided under paragraph 2 hereof or, i[ not pail in such manner, by Burrower making payment, when due, directly
<br />to the payee thereof. Borrower shall promptly fianish to Lender all notices of amounts due under this paragraph, and in the
<br />event Borrower shall make payment Directly, Borrower shall promptly lurm>h to Lender recapts evidencing such payments.
<br />Borrower shall promptly discharge any Ifen which has priority over this lkeJ of Tnisr provide), that Borraower shall not be
<br />required to discharge any such lien so Tong 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 iu good faith contest such hen by, or defenJ enforcement of such lien in.
<br />legal pproccedings which operate to prevent the enforcement of the lien or forfeiture of the Properly or any part thereof.
<br />5. Hawed !swrrarce. Borrower shall keep the improvemems now exuung ur herealter erected on the Property insured
<br />against loss by fire, hazards included within the term "eztendeJ coverage', anJ wch other hazards as Linder may require
<br />and in such amounts and for such periods as Lender may rcyuire; provlJcd, drat Lender >hall nut reywre that the amount of
<br />such coverage exceed that amount of coverage reyuired to pay the Bunn uwrcJ h} this 13erd of Trust.
<br />Tht insurance carrier providing the insurance shall be chosen by Borrower subirct «r approval by Lender: provide).
<br />that such approval shall not be unreasr,nably withheld. All premiums on insurance policies shall tic paid in the maaoer
<br />provided ttttder p=rt:$raph 2 hereof or, if not pail in such n:anncr, by Bsrrrmer making payment, when due, directly to tha
<br />tmetrance carrier.
<br />Ali insurance policies z^d renewals thereof shall be m form acceptable +„ 1 rn.trr and shalt mcludt a standard mongage
<br />clause in favor of and in form acceptable to Lender. Lender shall have the tight to hot) the policies and renewals thereof,
<br />and Borrower shall promptly furnish to Lender ail renewal notices art) all receipt of pail premium>. in the event of loss,
<br />Borrower shall give prompt rwuce to the rruuroncc carnrr anJ Limier. Lrmler may mai.c proof r' 'ass if not male promptly
<br />by Borrower.
<br />Unless Lender ruiD Borrowr. otherwise agree in welling, insurance pnx-redo ,hap br applied «t rrswration or repair of
<br />the Property damaged, provided aurh restoratwn ur repau iv eeunomrwlly tcaaiblr .mJ rhr ucurety of thu Dred of Trust is
<br />nut thereby impaired. if such restoration or repau is not ecanumically tessiblr ur .l the ucunty tit thtx Drrd a[ Tnist would
<br />be impairs!, the iowrance proceeds shall be applicJ to the sum> secured by thn t)erd of 1 rust wnh the excess, if any, pail
<br />to Borrower. if the Property is abanJonrJ by Borrowrr, or if Borrowrr fm6 to rraporeJ to LenJrr within 30 days from the
<br />dale notice is maikD by Lender to Borrower that the irourance carnrr Driers w srttlr r chum for inaurancr benefit. Lender
<br />is auttwriud to colkct and apply the insurance proceeds at Lender's option either to reawratiou or repau of the Property
<br />or to the sums secured by thin DtrJ of T: <t.
<br />Unless Lender and Borrowrr otherwise agree in wining, any such application o! proxtds w princpal shall not extend
<br />or [pone the dot dale of the nwnthty installments referred to m pafagraph> 1 utJ Z hereol ar change the amount of
<br />such insfalimtnis. ff under paragraph Ig hereof rhr Property a acywrrd by IrnJrr, ;dl tight, tint and !merest of Borrower
<br />in and to say insurance policies anD in atiD to rhr prarceeDa thereof resuttmg tram dantagt to the Property prior to the salt
<br />or acquisition shall pass to Lsrtder to the extent tit the sums secure) by thu Dec) tit Trust imrtxdiatdy pnor to such sale or
<br />acquisition.
<br />f. lreserraf;oa sad Mttialentwce of Properly; Lrasehalds; (:ottdominiuttn; 1'lanwed Uwit DereMrprteMS. Borrower
<br />shall keep the Properly in guuJ repair and shall oat eummn waste or prnnu imp.wnrrm ur Je!enuration of the Property
<br />and shall comply with the provisions of any least if this Iked i>f Trust t on a tra>ehoW. If this Deed tit Trust a on a amt in a
<br />condominium or a planned unit akvelopr»dtt, Borrow~sha0 perform all of Borrowtr~a ubligatwrt under the declarauun
<br />or covenants creating or governing the condominium or piannrD unit Jexelopntent, rhr by-lawn anJ regutauons of the
<br />condominium or planned unit Development, and canuuurm docuntent. If a condominium or planned unu development
<br />rider is executed by Borrower anD recorJed wgrther wuh this Dee) tit l root, rhr covenants anJ agrernxnb u! strch nder
<br />shalt be incorporate) inw attd shall amen) and supplement the covenant anJ agrrcruents tit this OcrD tit Trutt as d the rider
<br />were a part hereof.
<br />7. TsotseUar o/ Lerstler's Secrrit~. !f Borrower fads to pxrform the covenants anJ agrcemrnts commnrd in this
<br />Deed of Trust, or if any action or procerJing is commcttcrd which materially alTect l.enderi interest in the Property,
<br />iticltxliag, but rwt limited to, emirxnt domain, insolvency, co¢e entarcemeirt, •>r arrangement or prrx;eeJings involving a
<br />bankrupt or decaknt, then Lender at Ltrider's option, upon notice to turrower, may make such appearances, dishurar such
<br />sums and take such action as rs necessary to protect Lrnderi inttrest, including. but not hmueD w, Diabursentent n!
<br />reasonable attorney's fees and entry upon the Property to make repairs. If Lender reyuired nwrtgagr insurance as a
<br />condition of making the ban sxurtd by this Dee) of Trust, Borrowrr shall pay tiro premiums iCgtilrCJ PO maintain such
<br />instuance in eflsa until such tune as the requirement for such insurance terminates m accordance with Borrower's sad
<br />Leatkr's wtitttn agramsnt or applicable law. Borrower shall pa)` [fir antUUirl Of all rnartgagr lnwrans:e pfrmwinS in rhr
<br />manner provided under Pa raph 2 hereof.
<br />Any amounts Disbursed by Lender purwatn to this paragraph 7, with interest thereon, shall hrnime additional
<br />indebtedness of Borrower secure) 6y this Decd of Trust. Unless Borrower and Lender agree to other terms of payment, wch
<br />amounts shalt tie payable upon notice tram I..ender to tkrrrower regttes«ng payment thtreaf, :end shad bear inttrest from Ihr
<br />daft of Aisbttrsement at the ralt payable from time to Time on uuttanding pnncrpaf under the Note unless payment of interest
<br />u aurh tats wou1D br contrary to applicable law, in which rvem wch amounts shall brae mtertst tit rhr highest rats
<br />permisaibk under applicable law, Naihing contaitteD in this paragraph 7 shall rcyuire L.rrtder m incur any expense ar take
<br />any aetiwr hereunder.
<br />_- Lyaartiar. Lender may make of cause to be made rtas[nrabit ensues upon and inspeciians of the Property, pruviJeJ
<br />that L,ersdet shall give Botrowu notice pour w any such urspection apecityrng rraaunable cause thrrefin related to Lerxlrr'a
<br />iMersst in Ihs Ptoaratl4.
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