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UNIFORM (~OVFNANTa. Borrower and Lender covenant and agree as follows.
<br />1. ~r d Ptiadpai aa/ hsarreA. Borrower shall promptly pay when due the pnncipal of and ineerest an the
<br />indebrednemm evidenced by the Not(, prcpaytnent and late charges as provided in the Note, and the prinnpat of and interest
<br />tnr any Fwurc Advances secnriwl by this t~eut of Tntst.
<br />Z FtmB fir Tar rtri Iwrate. Subjxt to applicable law or to a written waiver by Lender, Borrower shill pay
<br />to Leritkr ore tht iiay monthly itruallments of pnncipal and interest arc payable under the Nore, until the Nora is paid in full.
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain pnurity over this
<br />Dixd of Trust, and grourtd rents tin the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plus one-twdith of yearly premium installments for mortgage insurance, if any, all as reasonably estimated inurally and from
<br />time to tune by Lender on the basis of aswsments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an itutitution the deposits or accounts of which arc insured nr giranmteed by a Federal ur
<br />state agency (including Lender if Linder is such an insulutionl. lender shat! apply the Funds trt pay said taxes. ascestments.
<br />ittsuranee premiums and ground rrnts. Ixnder may not charge for so holding and applying the Funds, analynng cold account
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and apphcablc law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of cxeaninn of (ties
<br />Deed of Trust that interest on the Funds shall be paid to Borrower, and unlrss such agreement is made ur applicable law
<br />requires such interest to he paid, lxntfer shall not be requred to pay Borrower any interest or earnings tin the Fundc. Lender
<br />shall give to Borrower, without charge, an a. oust accounting of the Funds ~ahowmg credits and debits to the Funds and the
<br />purprt~ for which each debit to the Funds was made. The Funds are pledged as additional security for the sums sxurcd
<br />6y this Deed of Trust.
<br />If the amtwN of the Funds held by Lender, together wnh the future monthly installments of Funds payahlc poor to
<br />the dot: darts of taxes. assessments, insurance premiums and ground remx, shall exceed the amount required as pay card tau..
<br />asussments, insurance premiums and ground rents as they (alt due:, such cscess shall hr, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower nn monthly installments n( Funds. If the amount of the Fundc
<br />held by Lender shall not be sulticien[ to pay taxes, assessments, insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Linder any amount necessary to make up the deficiency within 30 days from the date notice is mailttl
<br />by Lender to Borrower regtresting paytaent thereof.
<br />Upon payment in full of all sums sxured by this Deed of Trust, lender shall promptly refund to Borrower any Funds
<br />held by Lender. -( under paragraph Ig hereof the Properly is r~.old or the Property is otherwise acyuircd by Lender. Lender
<br />shall apply, no later than rmmedtately poor to the salt of the Property or its acquisitinn by Lender, any Funds held by
<br />LrntLer at the time of application as a credit against the sums secured by this Dced of Trust.
<br />?f. AppBt:atlorr of Paywreata. Unless applicable law provides utherwtse, all payments rccerveJ by Lcndrr under the
<br />Note and paragraphs t and 2 hereof shall lx applied by Lender hest m payment of amounts payahlc to Lcndcr by Borrower
<br />utaler puagraph 2 hereof, then to interest payable on the Notc, then to the principal of the Natc. and then to interest and
<br />prittctpal on any Future Advances.
<br />S ire ~Lr, Rocrnwer chap nay all taxes, asst-ssmems and other 4harges, fines and rmnosuions .+u ributa6le to
<br />the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />moose( provided under paragraph 2 herwf or, if not paid in such manner, by Borrower making payment, when due, directly
<br />to the payce thereof. Burrower shall promptly furnish to L.endrr all notices of amounts due under this paragraph, and in the
<br />event rrowet shall make payment directly, Borrower shalt promptly tarnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority over this Ixed of Trust; provided, that Hnrn,wer shall not hr
<br />required to discharge any such hen so long as Borrower shall agree m writing to the payment of the ohhgauon secured by
<br />such lien in a manner acceptable to Lender, or shall in good forth contest such hen by, or defend enforcement of such hen m.
<br />legal pprceetdings which operate to prevent the enforcement n( the heel or forfeiture of the Property or any part thereof.
<br />5, Bossed IraraitY. Borrower shall keep the improvements now existing or hereafter erected on the Property irsured
<br />against loss by fire, hazards included within the term "extended coverage", and such other hazards as lender may reym«
<br />and in such amounts and for such periods as tender rosy reyuue; provided, that Lcndcr .halt not reywre that the amount ul
<br />ntxh coverage exceed that amount of coverage reyurred ro pay the sums secured by thn Iced u( 7-rust
<br />The ituurance carrier providing the insurance shall be choun by Borrower subtect to appnn~al by I ender: provided.
<br />that such approval shall not be unreasonably withheld. Ail premiums on insurance Ix~hcirs shall be pard in the manner
<br />provi~d under paragraph 2 hereof or, tf not paid in such manner, by Borrower making payment, when due, directly to the
<br />ttrwraoce txrcra.
<br />All irsurance policies and rertewils thereof shall he rn form acceptable to Lender and shall mdude a standard mortgage
<br />clause in favor of and in form acceptable to Lender Lcndcr shall have the right to hold the policies and renewals thura,l.
<br />and Borrower shall promptly furnish to Lcndrr all renewal notices and :ill tecerpu r+F p;uJ premunm In the event of Ions.
<br />Harrower shall girt promp# notice to the insurance earner and Lcndcr. I xn.ler' Ina. ntakc tx tv=f of !rsss rt rat?t m:tdr pnrmptly
<br />by Bartvwor.
<br />Unitas Lcndrr and Borrower otherwise agree in writing, insurance pn,cecds ,hall tx applied ro rctrnr.rhuo or reparr ul
<br />the Properag damaged, provir~d sxh restoratiao or repair is ccnnumrcally reas:hlc .rod the tec;:ruv „! :hr, hez,l of lrr;st i_
<br />not thereby impstred. If such reatoratmn ur reparr i nut zconumically teasibli; or :t the ,ec urrtp of ihr, Ihzd of t ro,t would
<br />impaired, the irsatrauce pt~erds shall L~ appircd to the smm xcurec~f by :tits i)s-s:d r:t t riix - - ?:..: -_,., ti ---.y, ;aid
<br />to Bot.ower. If the Property is abandotred by Borrower, ur d Burrower fads n, respond to Lcnuer wnhm +i) days from ihr
<br />dais notice is inailc'd Gy L~nucr to L;or i wee ;hat the insurance carrier uiScrt to zeitlr a ~!ar :t for i.,,,irau4:~ t~-nr<5t 14ntt;.
<br />i3 authoritxd !4 collect sod frpply the itssurao~e prrx_•~di at Lemf>"r's ~pti~n erthct t~ restsratn?r; _,r reps+r r,l ihr• Pr,.rn:riy
<br />or ro the sums secured by [hrs Decd of Trust.
<br />Unless Lender and Borrower otherwise agree m wrung, any such appbcatiun ui proceeds to pnncipal +hall nut extend
<br />or postporoe the due date of the monthly installments «Irr«d to in paragraphs I .end " hc«ut ur .h:engz the :rmuunt ul
<br />such installments. If under paragraph Ia hercut the Property a acquired by Lender, al! irght, tale and noel c,t of Bnrn,wci
<br />in and to any insurance policies anti rn and to the pnneeds thereof resulting from damage to the Prop,:rty pn„r ro ihr ,,dc
<br />or acquisition shalt pass to Lender to ihr extent of this sums secured by (ties heed oI -trust unmediately prior ti, such side ur
<br />acquisition.
<br />6. PrttservalioR sad MRiatertaace of Property; Lernehuldv; Cumlominiunu; Planned Unit hevrlopmenb. Bun ow cr
<br />that) keep the Property tit gtwil reparr and ,hull nut conlluif w.r,4• ar pcnnn unpau mein ur ,lClt'tini.w„n of the I'nq,er tt
<br />and shall comply with the provisions of any !ease if this heed of l rust a tin .i lea+ehv!d 11 thu 1>ced n! Must ~, ou a unu rn a
<br />condamintnm or a planned utnt development Borrower shall pe cfonn ,ell of Horrttwer't ohhgahont under the drelar;mun
<br />nr covenants creating or gtwerning ihr condomuuum of planned unit deselupnmm, the by-low. .out rrgulat:urn ~,! the
<br />condominium or planned unit devebpment. and cunstntsem Jew untcnts. II a cundunununn ur planned urn des,aopnum
<br />rider is executed by Borrower and recorded together with this herd of 1 rust, the eoven;uus :u,d aRrax•ntcm, i~f such Hari
<br />shall be incorporated into and shall amend and supplement the covrnanh and agrrocntenls ul (ties herd al font .:, .I the rider
<br />ware a part hereof.
<br />9. Ptoteetioat of L.esderY 5eeurdty. If Borrower fad, to partarm the covenants .end agreement, ..nrtamed w Uri,
<br />Darted of Trust, or if any action or proceeding is commenced which materially affects Lender's ime«st m the Properly.
<br />ittdttding, but not limited to, eminent dtnnain, insolvency, ctxic erdorczntrnt. or arnuigernent, or pnnredutgv utvoh uig .i
<br />bankrupt nr decedent then t-ender at Lender's option, upni nonce n, Burn,wur, may rneke such appe.uam e, di,hune ,urh
<br />sums and take sin.h acuun as is neccssan to prutet•! 1~•nder's rntcrest, !nc~luding. but nut hrmtcd t,+. duhurscment „i
<br />rtasonrbk auurney's fees and entry upuai the Property w make rcpaus It Lzndci reyuucd nwuxat:r m,w;nne ,.
<br />c>mditiart of making the loan secured by (hrs Der'J aF Must, Borrower shall pip' the premiums rryurrcd k, :r,aintau: .u:h
<br />iroturatxt in eBcet until such time as the requirnnrm tar such ursuranr;e tcnnurucs m accords nrr wnh Hon nwrr, anJ
<br />L.ertder's written agreement ar a tcabk law. 8ortuaer shall pa} the .,rnuunt aI all moukas:e ,nsurau~r tr,r nnuu,, :~~ ihr
<br />maartar provirkd titrder parsgrapfi 2 hereof.
<br />An amountt duburxd by Lender pursuant to this paragraph 7, wnh interest thereon .hall br~nme .ulduronai
<br />imkMedness of Bovower sa:urt:d by this heed o['lrust. Unhsss Borrower and Linder agree w other (emu of pay nteoi, ,uch
<br />amaunu shalt he payabk upon nonce from Lender m &trrowrr reyursun,t payntem ihrreot, and that! Lear nuerzv ii,un ihr
<br />dtda of tlptbettxtnent at the rate payabk from tittre to time on outstanding pnnrapal under the Note unless paymem ut intern+.
<br />at such tart would be ccwttrary to apphteble law, in which event ,uch amrnmtt shall hear :nte«,t :u the higher rrtr
<br />pumfribk under applicabk law. Nothing cunlained in this paragraph 'shat! require Lender n,, incur .rot expense nr take
<br />troy action hereunder.
<br />0. Irptetlw. Lander mry make ur cause to tx insole reas.xtahlc entries upon and mspect,nu, n+, the Pr,q,cr n-. pr,,,:dc
<br />that Ixnder shall girt Harrower notice prior tia any stu.h nispcctioo specdyrng reasunahic wore ther•toi ~ciaicd w., t c,i,ici
<br />intersst in the Property.
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