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Urrt>sotttt CoveNetrts, Borrower and Ixnder covenant and agree as follows;
<br />1. leytaeN'ot TrioelRol sled' Ipteired: Borrower shall promptly pay whin due she principal of and interest on the
<br />indebtedness evidenced by the No(e, prepayment and lace charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Deed of Trust.
<br />2. lltetNe tar Tsmss aN Issrrraeee. Subject to applicable law or to a written waiver by Len~r, Borrower shall pay
<br />to Lrnder on the day monthly installments of principal and interest are payable under the Note, until the No[e is paid in full,
<br />a sum (herein "Funds") equal to one-twNfth of the yearly taxes and assessments which may attain priority over this
<br />Dad of Trust, and grouAd tents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance.
<br />plus one-twelfth of yearly premium installments for mongage insurance. if any, all as reasonably estimated initially and from
<br />time to time by Leader on the basis of assesemrnts and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which arc insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an iristAutionl. Lender shall apply the Funds to pay said taxes, assessments.
<br />insurance premiums and ground roots. Lender may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying and compiling s,.d assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower am! Lender may agree in writing at the time of execution of this
<br />Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such intere~ to be paid, Lender shall not be required to pay Borcnwer say interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an_annual acwunting of the Funds showing credits slid debits to the Funds and the
<br />purpae [ar which each debit to the Funds was made. The Funds arc pledged as additional security for the Burns secured
<br />by this Detd of Taut.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the dtie deter of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes.
<br />assessments, inuurance premiums and ground rents as they fall due, such excess shall 6e, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not 6e sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall 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 />by Gender to Borrower rcgtiestiog payment thereof.
<br />Upon payment in full of all sums secured by [his Deed of Trust, Lender shall promptly refund to Borrower any Funds
<br />held by Lender. if under paragrajh IR hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than immedwtely prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender rU the time of application as a credit against the sums securod by this Deed of Trust.
<br />3. ANdcatloa of Pa b. Unless applicable law provides otherwise, all paymrnts received by Lender under the
<br />Note and paragrapphs I sort 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph Z hereof, then to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />principal on any Future Advance.
<br />~ CWeLe'a: Lletr. Borrower shall pay all taxes, assessments and ether charges. fines and impositions attributable to
<br />the Property which may attain a priority over this Deed of Trust, and leaxhold payments or ground rents, if any, in the
<br />mamer provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly
<br />to the ppaayee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the
<br />eveAt Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipu 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 />required. to discharge any such lien so long 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 in good faith contest such lien by, or defend enforcement of such lien in.
<br />legal pprotxsdin which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />5. Rrttasd I~atrra~te. Borrower shall keep the improvements now existing ar hereafter erected on the Property insured
<br />against lose by fire, hazards included withigthe term "extended coverage", and such other hazards as Lender may require
<br />sled in sucfi arrrounts acid for such periods as Lender may require; provided, that lxnder shay not require that the amount of
<br />such coverage exceed that amount of coverage required to pay the sums secured by this Deed of Trost.
<br />Tfie iASUnnce carrier providing the insurance shall tie chosen by Borrower subject to approval by 1_ender, , rovided.
<br />that stash approval shall not be unreasonably withheld. A-1 premiurm on insurance policies shall he paid in the manner
<br />plrovided ttAder paragnp6 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly tc the
<br />tASiataoce cattier.
<br />All inwratitt policies aAd renewals thereot shall be in form acceptable to LenJer and shall mclus:c a standard mortgage
<br />clause in favor of and in form acceptable to Lender. (.ender shall have the right to holJ the policies and renewals thereof.
<br />std Borrower shall promptly furnish to Lender all renewal notices and all receipts of pail premiums. In the went of loss,
<br />Yogower shall give prompt notice to the insurance earner anJ t.cnder. LenJer may make proof of loss d not made promptly
<br />by Borrower.
<br />Uttissa Leader and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration ar re air of
<br />tMe Propariy damaged, provided such restoration or repair is economically ieasibk and the security of this Deed of TrtKt is
<br />cwt thereby impaired. If strch testorauon or repaints oat economically feasible ur if the ses:urity of this Deed of ('rust would
<br />be itatptlgred, tits iASUrarxro prnca:.xis shat! he applied to the sums secured by this C}eed of Trust, with the excess, if any, paid
<br />to Bornawar. if t~ Property is abandoned by Borrower, or i( Borrower falls to r~espa~td to Lander within 30 days from the
<br />date mM~ce is stalls:( by Lehr to Borrower that the +nsurance earner otters to Battle a claim far insurance lxnefits, Lender
<br />is a{tG.`ioifittd w coNect earl appsy the insurance proceeds al Lender's option either to reswratton or repair of the Property
<br />or to thti Boras ~ursd this 1?;x~d of Trust,
<br />Unl~a Lender aASf Bort~>w~' Qtl~tkrise ogres in writing, ar.y such ap~is<atiun of proceeds to ~incipal shall not extend
<br />or palpurte the due date of the monthly instalhnems relerred to in paragraphs I and 2 hereof or change the amoun[ of
<br />such installments. If trader parssraph IR hereof the Property is acquired by Lender, all right, title and interest of Borrower
<br />in and to any insurance policies anndd m and ro the proceeds thereol resulting from damage to the Property prior to the sale
<br />or acquisition shall pats to Leader to the extent of the sums secured by this DceJ of Tnut imnudiately prior to such sole mr
<br />at;gtaititian.
<br />i. Pssaervatisa sad lYiaisiasrsre of Property; LeaeeboWs; Condomiitiems; Phrned Unit DevelopeAeats. Borrower
<br />shall keep the Properly in gsxxl rcpau and shall not a,mnut waste ++r {,cone impi[irment or Jcterioration of the Property
<br />std shall comply with the provestons of any lease if this IheJ of l~rust is on a leasehold. if this Deed of Trust is tin a unit in a
<br />condominium or a planned unit development, Borrower shall perform all at Borrower's obligations under the Jeclaratiun
<br />or covenants creating or governing the condominium or planneJ unit development, the by-laws ;mJ regulations of the
<br />condominium or planned unit development, and constituem documents. If a condominium ur planned unit development
<br />rider is executed by Borrower and raordeJ together with this Deed of Trust, the covenants and agreentems of such rider
<br />shall be incorporated into and shall amend anJ supplement the coeenama unJ agreements of this Decd of -Trust us if the rider
<br />were a part listen/.
<br />7. Pretsetlsa of Geeder'a Sceurity. If Borrower fails to perform the covenants unJ agreements contained in this
<br />Deed of Trwt, or if any action or proceeding a commenced which materially atTects Lender's' interest in the Property,
<br />indiidipg, birt not limited to, ertunent domain, insolvency, code enforcement, or urrangemenU or proceedings involving a
<br />banknupl or decedent, then Lender at Lender's option, upon notice to Borrower, may make such appearances, dishurse such
<br />sutras and takt such action as is necessary to protect Lender's interest, including but nut limited to, Jishursement of
<br />roawnabk attorney's fees and entry upon the Property to make repairs. If llenJer rcyuited mortgage insurance as a
<br />coAditioR e>i making the loan secured h this I?eed of "Crust, Borrower shall pay the premiums required to maintain such
<br />insurance in effect until such time as the reyuirentent fur such insurance tcrmmates in acuudm,ce with Bnnvwer's and
<br />Ltudar's Written agree:txnt ar applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Artyy aroouAts disburud by Lender pursuant to this paragraph 7, with +ntcrest thereon, shall toe.+nte aJJmioaul
<br />itidebiedttest of Borrower secured 6y this Deed et "Trust. Unless Borrower and (.ender agree to outer terms o[ payment, wch
<br />amouhG shall be payable upon notice from Lender to Borrower requesting wymeni thereof, and shall hear interest from the
<br />data of dkbursemeAt at the rate payable from tithe to lime on outstanding principal under the Note unless payment of interest
<br />at etch rah would be contrary to applicable law, in which event such amounts shall Ixar interest at the highest rate
<br />pttrmissibfi: wider applipWe law. Nothing contained in this paragraph l shalt require Lender to incur any expense or take
<br />any action hereunder.
<br />g. bstPstYMis. Lender may make or cause to be made reasonable entries upon and mspechoos of the Property. pn+vtJeJ
<br />that Leradar allot( give Borrower notice prior to any such inspu:Gon specifying reasonahle cause therefor related to Lender's
<br />iAhrpt iA ihC Prosmty.
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