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<br /> u:� UNtPORM�VEIVANTS.Bamower and Lendor covenarti and agree as b(tawa: �'.��� ���
<br /> .. .. _ 1.�ayrrtec�t oi�indpal en�iM�r�sL Qartawer shall promAnY R�Y wt�en dus ths princtpal and lnterest tndebiedness
<br /> ' � �t' �";��� :.:�:_<: evIdenced by�s�toUe and late c4�a�ges as pravtdsd in the Note. �V
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<br /> 2 Fun�f�fa:li�esend6isauancs.Su�yeattoappttr�hte(aworawri�enwaiverbyLender.BorroNrershallpaytaLender ��
<br /> ..,. �` ,: ;:4'° on tne day mor�thiy paymer�s o?prh►dpai end interea4 ara paya0te under the Nat�.�hl the Note is paid in iW.a sum(herein '.
<br /> �� ;�.°•.t �° "Fur�ds°)equat to ane twetflh of the yeady ta�aes artd assessmerds{inciuding oortdort�Num and piarmed unIt dsuefopsnent '"Y
<br /> : . assessme��f a�ry}wht�may attate�pdozity aver this Desd otTrust.and gra�tnd rents on the Pr�cperty,H arry.Plus one�twetf�
<br /> � � • '•, � of�a{dy ptemium fnstalhr�enis tar hazard insurano�Phis one�afffh ot Y��Y Or+amtam U�sptallmerrts for mortgage insurance�it
<br /> :r.<..L' ::•`� ,'���( ` �i G11���VQ `_� .l 8
<br /> __�Y�_�_: na0ty estimate�U�iBally Bnd itom tim�to ti�te=�;Lenderan the basis of assessmar►ts and bHls and�asona6[e
<br /> ;,.� �<; es�tatestheteat 8ortowershaAnaibeal�gatedtomakesu�paymer�isofFundstoisndertothaextenttl►atBorrcv�ar�
<br /> _�W�--�T^ s�paymerRS to tho h�tdsr ot a prior mo�tgag�or deed of trust it such hoidar is an�nsGtWanallender. � � .
<br /> � - --:. .:��... � tf Bo�rower pays Funds to lender.the�unds shali be hetd in en instltution the dapasfta ar a000uMs of wtiich 8re �,�
<br /> -,- - :':> � InsureQ ar guaranteed 6y e Federa!or state agency(fnciu�ding Lender if�ender is such an instltutton�.l.ender sh�ll apPty �-=°
<br /> ' '�r �• Ute Furtds to pay said taxes.assessments.insutanoe premiums and ground rents.Lender may not diarge for so hotding �:
<br /> � . . .. and appiying the Funds.anatyzing said aocount or vediying and oompi�ng said assessmenfs and biils,untes.s Lender pays �
<br /> �. _ Borrawe�interest on tfee Funds and appttcable taw permits Lenderto matce such a charge.Bomawer and Lender may agree �:
<br /> �� �� ',��"-� in writing at the Urrte ot execuuon of tl�ts Deed of Trust tfi�t interest on the Funds shall be paid 4o Borrowar,and unless such
<br /> ' agreement is made or appCcable law r�quires such ititerest to be paid.Lender sha0 not be requlred to pay Borrower alty
<br /> �: - Nterest or eamfngs on the Funds. Lender shall g'nre to Borrowe�, without charga. an annuai aocoun�ng of the Funds
<br /> . ,. :,.� , showing credits and debits to the Funds and fhe purpose for wht�h each debSt to tha FunQs was ma�e.The Furtrts are �`
<br /> " "� �'�� piedgad as additional security tor the sums secured by thts Deed of Trust
<br />-.`�------_=- ff the amaun!af the funds heid by Lend�r,tagetF�er wtth the fulure manthty lnsia!lmenis a!Fwtds p�y�fe prtor tfl Qts �-
<br /> T �`�```��' due dates of taxes�asse�ments.tnsuranae remiun�s and
<br /> _�,:.- P grouc►d�er[ts.shallexceBdtheamaemtrequt�edto�raysafdtaxes. �
<br /> :; .. assessments.insuranc�piemiums and graund rems as they ta11 du�,such eoccess sha116e,ai Bortowers opBon.eithe� . �,,
<br /> '`�� '' . �r� pmmpUy repaid to Borrower or credited to Borrower on mortth�y Insta(Imerns of Fcmds.if the amount oi tfte Funds hetd by �,
<br /> _ _ .�:..::.��_:- Render shaif rtat 6e sufficierR to PaY 4axes.assessmerns.insuranoe premiums and graurN tents as they tatl due,Bomower ` �;:
<br /> - :��,:`,.,:��;, shali pay to Lender any amou�necessary to make up the deflctertcy In one or more paymer�4s as I.snder may require. � -
<br /> � � '` Upon payment tn tult of a0 sums securad by this Deed of Trust,lender shail pmmptty refund ta Borrower arry Funds -
<br /> ``�� �'?�'� h@td by Lender.ff under paragraph 17 hereaf the Praperty is sold or the Property�is otfienui�e aoqulred by Lertder.Lender `
<br /> � shatl appfy,no later than Immediately priflrto the sa{e of the Property or its acqulsftEon by Lender.atry Fw�heid by Lender. . -
<br /> �. , -�`,�- at me ume ot appncaUon as a cred�t against ths sums secursd by this Deed of?rus� � . -
<br /> � �� �� 3 Appticatio�at Paymenta Unless applicabte law pravtdes bthenndse,ati paymsntss recehred by Lender under ths
<br /> �`� �"��. • No t e an d pa�agrap h s 1 an d 2 hareo t s h a l lbe applted by lender first�n payment of emounts payabte to Lender by Bomawa►
<br /> ,,. ����:• -
<br /> _ -_ -___ :'�_= under paregraph 2 hereot�fhan to tnterest payabta o�t�e Note,and ihen to i�e prindpai of the Note. � -
<br /> ,���{�•"' 4. iMor Mortgages and Deede oflirtcst;Cltarges;i.t8ns.Borruwer shali perbrm a(1 of B�rrcwafs obiigations under
<br /> : ��. '`� �:_: any mortgage,d�ad of trust or other security agreemer►t with a Ifen which has priority over tti�beed ot Ti�t,tnctudirtg -
<br /> �. . Bor��ver's cxivenants to make payments when due.Borrowar shali pay ar cause to be paid aii taxes,ass2s.smer�ts and -
<br /> _ other dtarges.fines artd imposiHons attributabie to the Property which may attain a priority over this De2d cef Trust,and --
<br /> .... leasettold paymenis or ground rents�if arty. �"
<br />_ - 5. Haiard trautance. Borrower shait keep the Improvements no�v existing or hereaf3er erarded on the PropeRy
<br /> . insured again�t loss by fire,hazards inciuded within the term°extended cove�age',flood and ssech other hazards as Lender
<br /> � ___ may requlre and in such amounts and tor such periods as Lertder may require.
<br />, . ,� � '„,` The insurance carrter provtding the insurance s�►all by chosen by Borrowar suhject to approval by Lender,pravIded, —
<br /> `� ' . that such approvat shall not be unreasonably withheid.A!i insuranve policies an� renewafs thereof shafl.be in a farm
<br />_ -.��"��'-=r�,=--=, aaceptabte to lEr�er and shali i�ciude e siandard mortgage dause w gavor at arnd in a form aoae�tabie tu Lender.Len�r� �-
<br />- , : ' sAall have the�tgttt�to hotd the policfes and renewats thareoL subject to the terms of any morq�e,Ceed of trust or ott�er
<br /> � . = securitty agreement wftl�a pen wh►ch has prior�ry over t�is Oeed ot Tnut . . '
<br />_" , '��' In the event of loss,Borrawer shall give prcmpt no�a�to the insurance carrier and Lender.Lender may c,�ice proot of
<br />_ ' � � toss it nat made promptly by Borrower. •
<br />_ � : . �.� tf the Prbperry is abar�doned by Borrower,or if Borrower fails to�espond t0 I.ender within 30 days from the date notloe
<br /> • � is maited by Lendar to Borrower that the msuranoe carrier ofters to settle a clalm tor i�surance benefits, Lender is
<br /> _ , ,; authorized to ooltect and eppiy the insurance proceeds at Lender's op8on either to restora�on or repatr of the Property or -
<br /> ,. . to the sums secu�ed by this Deed ot Ttus� � . -.�-
<br /> � '_ �-�;w�r..�:• ;� 8.Presonretlon an��tnlntenan�e ot Propert9p;; Leasehoids; C�ndom3u��ams;Ptarme� Unii D�iretopment�. __--.
<br /> ��'"�� •° ���� 6omower shail keep the Property In good ropair anA shaq no!comrrait waste ar permit impairtns�t or deterloraUon of th3 °"
<br />__ � •���_� Properiy and shall campfy witt�the provtsions ot arry lease it thls O�ad ot Trust is on a teaseho40.!1 thts Deed of Trust is on �=��-�
<br /> =-- _ -:..-� a untt in a cflnslamtniurn or a pls�nnsd untt davolopmsnt, Borrawar shai!pasfann a1!ot Barrawar's o6ligaiJons under�►e =--
<br /> ��� :: deotaraUon or covenants crea�ng or gaveming the candominium or planned unit devefo�ment,the by-laws and regutations
<br /> ' T;�=-�=�-�-�---�a' o�the condomtnium or ptannad unit development,and constituent documents. � -
<br /> ' . ';.:� 7. Protc�tton af Lender's Security. li Borrower faits to perform the covenants and agreements contalned in thls —
<br /> . � - � .�;' Deed oi Trust,or H any acflon or proceeding is commenced which matertally affects Lende�'s interest in the PropeKy,then �.:;:
<br />- � � �� Lender. at Lenders opuon, upon notice to 8orrower, may make such appearances, disburse such sums, induding -°
<br />� ��.,���`: � reasanable attome 'tees and take such acUon as is neoessa to rotect Lenders interest.If lender
<br /> . � Y$ • N P re4�ired mortgsge �`-:
<br />- -:.:�� :� . ..,� insurance as a condiVon o!rre�.ting tt�e toan secured by this Deed o!Trus�BoRatixsr shail pay the premiutrs required to Y;�:..
<br /> matnraln such insurance in efl`ect uniil such Ume as the�equiremsnt tor suCh insurenoe terminates in aCOOrdance with �
<br />_- ___ Borrowar's and lsrtders written agreemeM or applicabte taw �`°•.
<br /> .� � My amounts disbursed by Lender pursuant to this paregraph 7,v�ith intereat thereun.at the Note ratie.shall�become
<br /> . ' edditiana!tndebtedness of Borrower secur�r!try this Deed of Trus�Untess Borrower and Lender agree to other terms o! � �
<br /> - paymeM. such amo�mis sAail be payabte upon natice from Lender to Borrower requesdng payment thereot.Nothing
<br /> - � contatned in this parag�aph 7 shall�equire Lender to incur a�ry expensa or take any acUon hereunder. �'
<br /> � � ,:, � ' 8.Inspsctlon.lender may make or cause to be mada reasanabfe entrtes upan and inspecUons o!the Pooperry,
<br /> ; provided that Lender shail�gh►e Borrower notice pdar to arry such insAec�ton speaifying reasonable cause theretor retaied
<br /> � , to Lende�s iMeres!in the Properry. .
<br /> 9.Condemnsttoa.The proceeds ot arry award or ctatm br damages.direct or consequenUal,in oonnecfton with arry
<br /> � � , . condemnatlon or other taking a!Ure Froperty. or paR thereot. or for zornayance in tieu o! condemnaUon,are hereby�
<br /> -=- . •� assigned and shaii be paid to Lender,subject to the terms of arry mortgage,deed of trust or oiher security agreemen!with �
<br /> a Iien which has prioMy over this Deed oi Tn�st. '� •�
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