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<br /> UNIFORM COVENANTS.Borrower and Lender covenant and ayree ae tollowe: �T� �����.
<br /> 1. P�ym�nt of Prir�cipal�n�IntsrnNt.Barrower eheil promptly pay when due the principal e Tnte�e n oa
<br /> evldenced by the Note and late charpea ae provlded In the Nnte,
<br /> Borrower ehall pay to Londe�
<br /> 2. Funds tor 41�xw�nd In�unnc�.3ubJect to eppllceble law or a written welver by Lender,
<br /> on ths day monthly pAymenta of principel and inters�t are pAyable under the Nate,untll the Note ta pald In full,a eum(hersin
<br /> "Funde")equal to ono-ta►�elith of the yea�ly taxea s�id eeaeesmente(innludlnp condominlum and planlfed unll d�evsb�h
<br /> aedessmente,if eny)whlah mny ettaln prlority ov�r thle Qeed of 1�un,and yround ranta on the Property, y p �naurancs,
<br /> of yearly premlum In�tallmenta for hezsrd Ineurance,plua onA•twelfth af yeerly premlum InetallmeMs tar mortpepe �
<br /> If any,ell as reasonabiy eatimated Initlaily end from 1ln�e to t{me Gy�a 8„te ot Funde to Lender o he e ent h�ata�d r��e b�
<br /> eatimat��thereof.Barrowar shall not be obllgeted to make euch paym
<br /> such paymente to the holder ot a prior mortpage or deed of truet ii such hotder Ie an Instltutional lender.
<br /> Ii Borrower paye Funda to Lender,the Funds ahall be hetd In an instftutlon the deposite or accountg of which are Ineured
<br /> or puaranteed by a Fede�al or state egsncy(Including Lender tf Lender Is euch an institutlon�.Lender shall apply the Funds
<br /> to pay sald taxes,asseasments,insurance premiuma and ground rents.Lender may not charge tor so holding and eppryfng
<br /> the Funds,analyzing eald account orverNyiny and compiling ssid essessmenis and bflls.unl�sa L.ender paye Borrowerl�tereat
<br /> on the Funda and applicable law permits Lender to make such a charge.Borrower and Lender may agree In writing at tho time
<br /> of execution of thia Deed of hust that intereat an the Funda shall be paid to Borrouver,and unless such agreement la made or
<br /> applic�ble law requirea such interest to be paid,Lender shall nM be required to pay Borrower a�y Interest or earnings on the
<br /> Fund a�nmeer ehall gi o`w��ch debltto the Funds was made.The Funds are pledged as ddltions�l isecu�tytor thetsums
<br /> Funds Pu�
<br />• seaured by lhie I)eed of Trust.
<br /> If the ameunt mf the Funds hetd by Lender,together wlth the future�iionthiy installments ot Fun�+s payable p►ior to the ue
<br /> �iates of taxea.aseessments,insurance pramfums and ground rents,shsll exceed the amount re�ulred to pay eaid taxe+a,
<br /> asseasments,insurance promiums and ground renis as iiiay lai��ua,�uch�x�°.•9!'a�!!'��At�orrower's aptlon�efther promPtlY
<br /> repaid to 8orrower or credited to Borrower on monthly inst�llments of Funda If the amouM of the�r�aha payto lsnde►
<br /> not be sufficient to pay taxes,assesaments,i�asurance premlums and ground renta es theyfall clue,
<br /> any amount necessary to make up the deflcienoy in one or more payments as Ler�der may requlr�e.
<br /> Upon payment In tull of all sume secured by this Deed of Trust,Lende1e��I�pW��At�uf����e�r er�,I Lander shal!apply;
<br /> by Lender.if under paragraph 17 hereof the Properry la sold or the Praparty
<br /> no later than Immedfately prior ta the sale of the Property or Ite acquisltion by Lender,any Funda held by Lender et the time
<br /> o}applicatlon ee a credit against the aume eecured by this Deed of'�tust.
<br /> 9. A�Ilcdlon o4 P�rll�nb.Unless applicable law p�•ovldes aherwise,all payments received by Lsnder und�x the Note
<br /> and parsprapha a and 2 hereoi ehall be appiied by Lenatli ii�et in p"a3=iioRt 0?sma�nia RAyAhlw to Lender by Borrower under
<br /> pa�a�raph 2 hereof,then to Interaat payabla an the Note,and then to the principal of the Note.
<br /> ,. p�r�o�l�s�nd pwds of 7tu�t;CharpM;Lleni.Bo►rownr ehall perform all of BorrovMSr'e obllae�tlons undsr any
<br /> mort�qs,deed of truet or other eecurity agreement with a Iten which haa priorfty over thia Desd ot TFuet,Includinp Bor►owsr'e
<br /> cownenb to meks p�ymente when due.Borrower shall pay or cauae to be paW e��texea,asseasments and other charpa,Nnee
<br /> end Impo�itiorm atributable to the P►op�ty+nrhtch may attain a priority o+rertnia Deed d'I�ust�and tea�ehold QaYmeMs a'9rou�d
<br /> rerns,if e�ny.
<br /> a. H��rd�nsun�.Borrower ehail ksep the Improvements now exlating or he�eaiter e�ected on the P�opsrty�neur
<br /> age�nst Ioao by firo,hexeude included within the term"extended coverage", and such other hezards ae Lender may rsquiro
<br /> end in such smounb and for such periode as Lender may require.
<br /> The fnsurance canler pr4viding the Insu�ance shalt by chosen by Borrower subJect to approval by Lender;providsd,thet
<br /> euch approval shall not be unreasonably wfthheld.All insurance policles and rene�xale thereof shall be in a form acceptabls
<br /> to Lender nnd ahall Include a standard moRgage clause in tavor of and In a form acceptsble to Lender.Lender ehall have the
<br /> right to hold ths pol�les and renewats thereof,subJect to the terms of any mongage,deed of trust or other aecurlty agreement
<br /> with a Ilen wh�h hes prlority over thla Deed of 1Fust.
<br /> In the event ot baa,Borrower shall give prom�t notice to the insurance carrier and Lende�i.ender may make proof oi losa
<br /> It not made prompt�Y bY Borrower.
<br /> If the Property(s abandaned by�orrower,or if Borrower fafls to respond to LAnderwithin 30 daya from the dete not�e is
<br /> mailed by Lender to Eorrower thst the fnsu�ance carrier oftets to 3ettle a clalm tor insurance benetite,Lender Is autt�orized
<br /> �o collect and applythe insurance proceedsa�lender's optbn ekherto restoration or repalr otthe Propertyortothe sums secured
<br /> by this Deed of?Fust.
<br /> 6. PnsKVation�nd M�Int�nsnc�of Propsrty�Le�holds�Condominlums:Pbnn�d Unit DevetoPm�nts.Bortower
<br /> ehall keep the Propertyr�n 9ood repair and shall not commit waste or permit Impairment or deterioratfon of the Property and
<br /> shali comply with the Frovisions of any lease if this Deed of Trust fs on a leasehold.If this Deed of TFuat la on a uNt in a
<br /> condominlum or a plgnned unit development,Borrower shall perform all of Borrower's obllgations under the declaratian or
<br /> �nan�e c�eeding or qoverninq the condominium or planned unit developme�t,the by-laws end regulstiona of the condominfum
<br /> or planned unit development,and conatituent documents.
<br /> 7. prohction of Und�r's S�cu�ity.If Borrower tails to pertorm the covenants and agreemente contatned in this Deed
<br /> — ot 1Fuat,or If any acticn or prxeeding is commenced which materislty affects Lender's Intereet fn the Property,then Lender�
<br /> at Lendsr�a option,upon noti�to Borrowor,may make such appearances,disburse such sums,including reasonable attomeys
<br /> ieea,and take auch actbn aa Is necessary to protect Lend�r's Intereat.If Lender required mortgage ineurance as a condition
<br /> = until su'ch t me�as the requfreme�nt fores ch nsurancerrte minatespn atccordancewl h Borirrower eand Lender e�written ag iree�
<br /> � OI'B�IIC8bl0 IflW. �.��__�,,,e�M� ,.,t�►.�ntornnt tharann.at the Note�atA.ehall beoome
<br /> ° Any smounte disbursea oy�ender pu►eiia��►��.���v�.�an...r�• •�•••••••••
<br /> addftional indobtedneas of Borrower secured by thts Deed of'iFust.Unless Borrower and Lender agree to other terms of payment,
<br /> such amounts snall be payable upon notice from Lender to Borrower requeating payment thereot.Nothing contafned in this
<br /> -- paragraph 7 shall require Lender to incur any expense or take any actlon hereunder.
<br /> � 8. lnsp�ction.Lender may make or cause to be made reasonable entrles upon and Inspections of the Property,providad
<br /> '�,,,j that Lender shall give Barrower notfce prior to any such inepectlon speelfying reasonable csuse thereior related to Lender's
<br />,,:,+�� interest U the Properry.
<br /> 9. Candemnetlon.The proceeds ot any award or claim for damages,direct or consequential,In oonnection wfth any
<br />�'� condemnatlon or other t�king of the Property,or part thereof,or tor conveyance in Ileu ot condemnation,are hereby essigned
<br />-;;„� and shall be paid to Lender,aubject to the t�rma ot any mortgage,deed of trust or other security agreement with a Ilen which
<br /> -_- has prlority over thls Deed of TPuat.
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