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<br />UNIFORM CovexnNrs. Borrower and Lender covenam and agree as follows:
<br />-1. Payment-of Principal and Interest. -Borrower shall promptly pay when due the principal of -and interca on tfie
<br />indeMedness evidenced by the Note. prepayment and Iatc charges as provrded in the Note. and-the principal of and interest - - - - - -
<br />- on any Future Advances secured by this Deed of "Trust. -- - - -
<br />' 2.-. Fends for Taxes-and-Insurance. Subject. to applicable !aw or to a written waiver by Lender, Borrower shall pay - -
<br />to Lender on the day monthly installments of principal and inters are payable under the Note.. until the tio[e is paid in full, -
<br />a sum (herein "Funds")-equal to one-twelfth of the yearh• taxes and assessments which may attain pnerity over this
<br />Deed of Trust, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments fqr hazard insurance.
<br />plus one-twelfth of yearly premium installments for mortgage insurance, i( any. all as reasonably estimated initially-and from
<br />_ time to time by Lender on [he basis of assessments and bills and reasonable estimates thereof. - -
<br />The Funds shall be held in an institution the depositror accounts of which are insured or guaranteed by a Federal nr -
<br />state agency (including Lender if Lender is such an institution).- Lender shall apply the Funds to pay said razes. assessmenu:
<br />insurance premiums and ground rents. Lender may not charge (or so holding and applying the Funds, analyzing said.xccount
<br />or verifying and compiling said assessments and bills. unless Lender pat's Borrower interest on the Funds and applicable law -
<br />permitsLender to make such a charge. Borrower-and Lender may agree in writingat the time n( execution of -this
<br />Deed of Trust that interest on the Funds shalt bo paid to Borrower. and finless such agreement is made or applicable law
<br />- requires such interest to be paid. Lender shall not be required to pay Borrower am interest or earnings on the Fund.,. Lender -
<br />shall give [o Borrower, without charge, an annual accounting of the Funds showing credits and debits io the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the. sums- secured
<br />by this Beed of Trust.
<br />Ifthe amount of the Funds held by Lender, together with the future monthly installments of Funds payahle prior to -
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed [he amount required to pay satd rases: - - - -
<br />assessments, insurance premiums and grotindrentsas they fall due, such excess shall he, at Borrower's-opron, either
<br />promptly repaid to Borrower orcredited to Borrower on monthly installments of Funds. If the-amount of the Funds - -
<br />- held -by Lender shall not be sufficient to .pay taxes, assessments. -insurance pretnioms -and "grniind rents ns they fall Jue. -
<br />Borrower shall pay [o Lender any amount necessary to make up the deficiency .within 30 daysfrom the datenotice is mailcii
<br />- -- 6y Lender to Borrower requesting payment thereof. - - - - - - - - - _ -
<br />Upon payment in full of all sums secured by this Deed of Trust; Lender shall promptly refund to Borrower any-Funds
<br />- held by Lender. If under paragraph IS.hercof the Property is sold or the Property aotherwise-acquired by bender, Lender - -
<br />shall apply. no later than immediately prior to the sale of the Property or i[S acquisition by I_rndec any Funds held by
<br />_ Lender at the time of application-as a credit against the sums scatted bythis Deed of Trust. - - - -
<br />3. Application of Payments. Unless applicable- L`+w provides otherwise, all. payments receivedbv Lender under the
<br />-- , -- Note and paragraphs I and 2-hereof-shall he applied 6y Gender-first in payment of-amounts .payable to- Lender by. Borrower _ - - -
<br />under paragraph 2. bereof, then to-in[crest papatilr on the Nbte, tticn to the principal of the Noie. and- then to interest and - -
<br />- - principal on-any Future Advances. - -- - -- ---- --- - - - -- -- _ _. - - - - - - - _. -. -- -
<br />-- 4. Charges; Liens. Borrower shall .pay all rases. assessmems and other charges. fines and impositions attributable to
<br />-- [he Property which may aCain a priority over-this. Deed of Trusk_and leasehold.payments.or ground rents,-if-anv.-irt-the - - - .-- -...
<br />_ - manner provided under paragraph Z hereof or, if notpaid in such manner, by Borrowea making payment. when due. directly - - -
<br />- - - to the payee thereof. Borrower shall promptly furnish-to Lender all notices of amounts due under this paragraph. and-in-the - - -
<br />event Borrower shall make payment directlt•, Borrower shall promptly furnish to Lender receipts. evidencing such payments. - -
<br />_. _ Borrowershall promptly. discharge. any lien which has priority oven this. Ueed-of Tnist;: provided: that Borrower shall not he -- --- - - --
<br />- required to discharge any such lien so.long as Borrower shall agree in •.ariting to the- payment o6 the aibligat5on secured by - - -
<br />- such lien in a manner acceptable to Lender, or shall in good faith contest such lien I?y„err defend epfgrcrment p£ such lien in. - - -
<br />- legal proceedings which operate to prevent the enforcement.:of thcilieq. or forfeiture of-the Property or any part thereoL. -- -
<br />5. Hazard Insurance. Borrower shall keep the improvements nqw existing. nr hereafter erected qn the Propert}' insured - _
<br />against Ions by fire, hazards included within the.tenn "extended rnv rage". and such -other hazanls~ as Lender tnav- require _
<br />- andin such amounts and far such periods as Lender may require; provided.-that Lendershall nb[ require that the amoun! of - -
<br />- -such coverage exceed that amount of coverage required td-pay-the sumi secured--,by this Decd of -Trust. - - - - - -
<br />- The insurance carrier providing thu insurance shall tie thosen by Borrower subject to approval by Lender, pmv~ded.
<br />that such approval shall not be unreasonably withheld: -All premiums -on insurance policies shall be-paid-in Ytie -manner - - - --
<br />- provided under paragraph Z hereof or, if not paid.in such manner, hy' Borrower making payment, when title. directly to-the
<br />_ insurance carver. - - - ~ - -
<br />-_ --- Al( insurance policies-and renewals thereot shalt be inform acceptable m Lender and shall-.inckude. a standard mortgage -
<br />-- - --clause mfavor-of-and-lit-form acceptable to Lender C.enderahafC haee the right to :hold the policies-and-renewals thereof,- --- ,------
<br />and Borrower shall promptly 7urnish to Lender all renewal nutia:es-and all receipts of pail;premiums. In the.event-ol- loss,- - - -
<br />Borrower shall give prompt notice to the insurance carrier,:md.t,ender., Lender eta}' make prooF of-loss rf-not made promptly -- - -- -
<br />_bv Borrower: .
<br />-- -- ~ -.-Unless.Lender mtd -Borrower otherwise-a Free in_wrnm -insurance- roceeds shall tae-a lied tC~-rrstoraiion or ri- - -- - -
<br />- b g• P - PP P t -- "t -
<br />-[1he Property.dantaged, provided such-restortlion or._repatr is .ecnaarni-:illy feasible ,tnd .tbesuutity-cif flits-Deecl~ot L, si ,~ -~: -
<br />not thereby impaired, If suchrestoration qr repair is not cconnmicallylrasi6lcar if thesrcurityoF this Deed of 'Trust would
<br />-be impaired, the-insurance proceeds shag-,be-appliedac}ahe sumssecurcd by this Ueed of ~l rust..w-iih_ the ~x~ays,:it um•, pniJ. r:.-_ - ---:_
<br />- - - the Property _is' abandoned 6v Barmwer, or if Borrower fatly 1o rospond-tit Lender with n iO days fmm ih • - -
<br />--' dateono~ce a mailed`by LendeHo Borrower that the insurance aarrter offersitn settle xeaatm Tor insurance heife6t.. Lcnikr-- --__-- ---- _-'- --
<br />- -- - - - is authorized to collect-and: apply the in§uranee F~roceeds at- lender's option either w «storation or repair bf the Pnrperiy -
<br />- or to Ihesums secured-6y.this Deed of Trust. - -
<br />- Unless Lender and Borrower otherwise agree in writing, any sorb application of proceeds-to principal shat[ not extend - - -
<br />- or postoone the due date of the monthly installments referred to in paragraphs 1 and- 2 .hereof or change the -amount ril - -
<br />such installments. - If under paragraph LS bereof the Property is acquired by Lender, all right, title and interest of Borrower
<br />in and to any insurance policies-and in audio the proceeds thereof resulting from damage to the-Propert}' prior to the sale - -
<br />- or acquisition shall -pass to Lender to the extent of the-sums secured 6y this Deed -p1 `Frost iminedia[ely -prior to such-sale tu. -- - _ - _
<br />acqutsthon: -- _
<br />6. Preservation and Maintenance of Property; Leaseholds; Catdominiuma; Plaoced Unii-Developments. Borrower
<br />shall keep the Property in good- repair and shall not coriunit. wart: or permit unp;uruieat or deterioratiirif -itf the' 1'ri;pirty - - -
<br />- and shall comply with the provisions of any lease- if this-Deed of'I'rust ~ oil a leasehold: -1t this Deed of "T'rusr is on + unirin a - -
<br />- condominium ore planned unit development, Borrower shall-pedonn all-of Borrower's obligations .under the deelarauon -
<br />or covenants. creating or-governing the condominium or planned unit developtifent; the by-laws ;fed- rceulatrc ns nt-the. -- _- - - - -- - -
<br />eondominium or planned unit development, and cunsutuent documents. II' a coidominium or planned unit developmem - - -
<br />rider is executod 6y Borrower and recorded-together with this Deed of "I rust,, the n?venams and agrrentenfs ~rf xuch~ndcr.
<br />- shallbe incorporated into and shall.aniend_and supplcnient the covenants and.agteements of flits Deedot I'rt+sl.as.it the elder:..
<br />- were apart hereof. - - - - -
<br />7:Pmtection of Lender's Security. If Borrower- Fails tat perform'-the covenants anJ agrcrmrnt'•omain d in thi;
<br />Deed of Trust, or if any action or proceeding is commenced wtiichnmteriall} atTeets Lender`, interrU -lit the Pn,perty.
<br />- including, but not litnited to, eminent domain, insolvency, code enforcement, +ir arrtngements tic prircredings involving a - -
<br />- --bankrupt or decedent, then C.enderat Lender's i~ption, upon notico m Harrower, may make such appcetrancrs; dishtirse such - - -
<br />- - sums and taka~ wck action -as is necessnry to p[ote_cL Lender's interca, ~nctudtng,-chat r:et- limbed to" di~hurseuft`nt-oi,
<br />- - -- - reasan:ible-aUurney'. fees tin3-entry upon the Aroperl} ui-in,~4.c rrp,firs`- (f L,cndcr ?eyut«d tjiirrtgage nis[tr,tnCC a, cr - -
<br />- --- - conditicia nf-making the-Iran-secured hy-fhis-DeeJ-of=frost,-Bpt[itwfir-shall paq-(hc:-premiums°requited-.-to tiufiotuutsuc~tn - -
<br />- - insurance in etiect until-sueii tigte-as the requiretiirnt-far such insurance fermi^atex in acccrJ:inec with-Bnrnawcr's-and - - -
<br />- Lender's written agreement.orapplieahle Iuw. Borrower shat[ pay. the amouut of at nwrtgage insurance -prrntiunU- in the-
<br />manner°provtded'onder paragraph 1 bereof_ _ - --- - - - - - - --- -- _ - "- _ -
<br />- - - Any amounts dlshursed- bV LeudeP pursuant tu~-thy paragraph 7, -udth nleresi- th r ?n, shall I ~oii+c" fJd t omit - -
<br />indebtadnessof Borrower secured by this Dced ul Trust. Unless Biirrowcr and I nd r +gre t oth ~r lei ms 1 paymuu n ~h _
<br />• - -_.-. _ -_amounts-shall ter-payahle-upon notice--frlnii Lender li. Bi,n owrk requestng--jia}~mcnt tfie-i~c_ot, ,o7-aba t! Ix,rr-hitereck trnni ilir-- --- - ----.-
<br />- -date of disbursemont at the rote payable from time a~ time- on outstanJing principal a;rder the Note unI¢ss payment f+f inlrrrst - -
<br />- at such rate-would be contrary to applicable taw; in which event uch-aifioums chat h ai mtercct at the highca rote
<br />permissible under applicable law. Nothing eunwined in this paragraph 'shalt squire Lender t'r incur auF rtlx.itse-ire take-- - -
<br />anYsctioit hereunder,-
<br />that igend~~ection, l_endcr may-m fk 'c r taus « be utade rcaar,uablt uH,ics np n -r + -+-p t c t of the P petty) t v; tau " -
<br />- - rshatt give Borrower nonce pri,lrr to my ,tick iuspecturn specifying le s Siiet+lr Buuse thrreia .ctaied to Laiizlar ti- -' - ---
<br />mttrest in rho Prottcriv, - - - - - -
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