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<br />Uxttrorw Covet+~ms. Borrower and L_ertder cavenam and agree az follows.
<br />L !a~'aet,t tsf Prltsapl and Interest. $orrower shall promptly pay when date the principal of and intern>t nn tent
<br />evidenced by the Nat, prepaytttertt and !ate charges as prov,dt31 to the Note, and the prin~tpa! of and interest
<br />as airy Futttrc Advances secured by Phis beet! of Trust.
<br />Z lE~i (~ ?serer reel Ittwrance. Subject to applicable law oc to a wzttert waives by Leader, Borrowe -ball pay
<br />to Lender on the day monthly insUBtnents of principal and interest are payable under the Nate, until the Note is pat... ~ full.
<br />a win fheran °Futtds°i equal to one-twelfth of the yearly razes and assessmems which may attain priority over this
<br />Deed of Trust, and ground rents on the Property, if any, plus one-twelfth a( yearly premrim installments fm hazard insurance.
<br />plus nine-twdith of yearly premium installments for mortgage insurance. if any. all as reaxmably estimated imually and from
<br />tiros to time by Lt:nder on the base of assessments and bills and reasonable estimates thereat.
<br />The Funds shall be held in an imdtution [ht dtposits ur accounts of which arc ,nsured or guaranteed by a Fcdera! or
<br />state agency (inchtding Leader if Lender is such an institution}. t-ender shall app!7 the Funds to pay said taxes. assessments.
<br />irtsurattce premiums and ground rents. Linder may not charge fur so holding a.:d applying :he Fonds, analyimg eau! account
<br />or verifying and campiling said assessments and hills, unless Lender pays Borrower interest on :fie Funtis and applcable law
<br />ppeeemits lxnder to make such a charge. Borrower and Linder may agree in writing rat the time of ezeauton of [his
<br />Dced of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made ur appheable law
<br />requires such interest to be paid, Lender shall not be required to pay Borrower any interest ar earnings on the Funds. l.cndcr
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credos and debits to the Fund. and the
<br />purpose for which each debit to the Funds was made- The Funds arc pledged as additional security for the sums soured
<br />by this Dced of Trust.
<br />If [Ile amount of the Funds hxld by Linder, together with the future monthly installments of Fonds payable pour ro
<br />the due dates of [axes, assessments, insurance premiums and ground rents, shall exceed the amount requued w pay stud taxes.
<br />astessnien[s, insurance premiums and ground rents as they fall due, such cues shall be, at Bcxraweis option, either
<br />pmmpUy repaid [o Borrower or credited to Borrower an monthly installments of Fonds. if the amount of the Funds
<br />held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rants as they call due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />hY Lender to Borivwer requesting payment thereof.
<br />Upon payment in tu0 of all sums secured by [his Died of Trust L.cnder shat! prontpdy relund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property is sold or the Property is otherwose acquired by Lender. Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lander, any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. ApttlietWat of Payments. Unless applicable law provides otherwise, all payments received by tender under the
<br />Note and paragrapfis 1 and 2 hereof shall be applied by Lender first m payment of amounts payable to Lrnder by Borrower
<br />under puagraph 2 hereof, then to interest payable on the note, then to the principal of the Nofe. and then to interest and
<br />principal on any Future Advances.
<br />11 C4u>Gtes; Lieut. Borrower shall pay all taxes. assessments and other charges. fines and imposmons ::Itributablc to
<br />[he Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when dot, directly
<br />to the payce thereof. Borrower shalt promptly furnish to Lender all notices of amounts due under this paragraph, and in the
<br />event Borrower shall make payment directly, Borrower shall promptly furnish to !..ender receipts evidencng such payments.
<br />Borrower shall promptly discharge any lien which has priority over this Deed of l'nisC provided. that Burrower shall nut tx
<br />required to discharge any such lien so long as Borrower shall agree in writing tit the payment of the nbhgaunn scrorcd 6y
<br />such Ikn in a manner acceptable to Lender, or shall in good faith contest such hen by, or defend enforcement of such hen m.
<br />legal proceedings which operate m prevem the enforcement of the lien or forfeiture nF the Property or any part thereof.
<br />S. Anaard Imttraatt. Borrower shall keep the improvements now cresting or hereafter erected nn the Property insured
<br />against loss by fire, hazards included within the term "extended coverage", and such other hazards as !coder may require
<br />and in such amounts and for such periods as Lender may require; provided, that Lender shall not requuc that the amount of
<br />such coverage exceed that amount of coverage reyuired to pay the sums secured by this Decd of Trost.
<br />The insurance carrier providing the insurance shall t>e chosen by Borrower subject to approval h} I coder. provided.
<br />that shah approval shall not be unreasonably withheld. All premiums on insurance policies shall he paid in the manner
<br />provided t[nder paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly in the
<br />itaursoce carrier.
<br />Alt inswance policies and renewals thereaf shat! be in form acceptable a: t Winder and shat! include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies :rod renewals thereof.
<br />and Borrower shall promptly furnish to Lender all renewal notices and all receipts of nand premiums. In the event at loss.
<br />Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof n( loss it not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in wrung, msurancc proceeds ,hall be applied co resairatiun or repau of
<br />the Property damaged, provided such reswration nr repair is economically ieasibic and the security of this Deed of Trust is
<br />not thereby impaired. If such restoration or repair a no[ economically feasible or d the seninty ai this Deed of Trust would
<br />be impaired, the insurance proceeds sitar! be speller! to ahc sums secured by this feed of "S use, wvth the excess. :f a::y. ,^.a:d
<br />to Borrower. If the Property is atrandoned by Borrower, ar if Borrower fails to respond to, L.cnder within 30 days from the
<br />date notice is mailed by Lender to Borrower that the msurancc earner offers to seulc a claim for insurance benefits. L_rnder
<br />is authorized to collect and apply the insurance proceeds at Lender's option euher to reswratiun or repair of the Pn>pert}
<br />or to the sutras secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such apphcauon of pro reds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs I and ?hereof or change the amount of
<br />such installitttnts. If under paragraph 18 hereof the Property is acyuired by 1_cnder, all right, title and interest of Borrower
<br />in and [o any insurance policies and in and to the proceeds thereof resulting roan damage to the Property pear to the sale
<br />or acquisition shall pass to Lender w the txtert of [he sums secured by this Deed of Trust immediately pour a, such sale or
<br />acquisition.
<br />fG. Preservation and Meiatettanee of Property; Leaseholds; Condominiums; Planned Unit 1)evelupmeets. Borrower
<br />shall keep the Property in good repair and shall not camnnt waste or pcrnm impairment or dcteriurui:m of the Property
<br />and shall comply with the provisions of :[ray lease if efiis Deed of Trust is nn a leasehold II this Dced o1 Trust is tin a umt in a
<br />condominium or a planned unit development, Borrower shall perform all of Borrowers obligations under the dedarahnn
<br />or coventmis creating or governing the condominium or planned ooze development, [he by-taws and regulation of the
<br />condominium or planned unit development, and constituent documents. if a condominium or planned un,t development
<br />rider is executed by Borrower and recorded together with this Deed of "crust. the covenants and agreements of such rider
<br />shall be incorporated into and shall amend and supplement the eovcnanis and agreements of this Deed tit l7u;t as d tree rider
<br />twerc a part hetmf.
<br />T. Puoteetioa of Leader's Security. if Borrower fails to perform the covenants and agreements contained in this
<br />Deed of Trust, or if any actian or proceeding is commenced which materially affects Lender's interest in the Property.
<br />inclt[ding, but not limited to, eminent domain, insolvency. code enforcement, or arrangements ar proceedings involving a
<br />bankrupt or decedent, then Lender at Lender's option, upon notice to 8nrrower. may make such appearances, disburse uich
<br />soma and take such action as is necessary to protect Lenders interest, including. but not limited to. disbursement of
<br />reasonable attorney's fees and entry upon the Property to make repairs. If Lender required mortgage insurance as 'i
<br />condition of making the loan secured by this Deed of Trust, Borrower shat! pay the premiums reyuired to maintain such
<br />ittsuratrce in effect un'il such time as the requirement tar such insurance terminates in accordance with Borrower's and
<br />Leader's written agrcement or applicable law. Borrower shat! pay the amount tit' all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />A„y S::n.uuis disburxd by Lender pursuant to this paragraph 7, with interest thereon. shall become additional
<br />indebtedness of Borrower secured by this Deed of Trust. lJnless Borrower and Lender agree to other terrns of payment, such
<br />amounts shat! be payabte upon notice Cram Lender to 8nrrower requesting payment thereof, and shat! beat interest from the
<br />dos of disbutsetnent at the rate payable from time to time on outstanding principal under the Note unless payment of interest
<br />at such raft would be contrary to applicable law. in which event such amounts shall hear interest at the highest rate
<br />petmissibie under applicabk law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any action hereunder.
<br />•. /ttapectton. Lender may make or cause to t+e made reasonable entries upon and inpecuons of the Prop+:rt}'. prnv,ded
<br />Thal Lender shall give Borrower notice prior to any such mspecuon specifying reasonable cause thereto, related io Lender\
<br />intertat in the Prooertv.
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