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<br /> 0 ��� p and all easemente. s�P,t�1& ,-•..,�,�t.'..
<br /> �``` . :°. TOGET�wiih at�`the unprovementa na� or heteafter �.�rected on the mpsrty, .
<br /> ,R , � ven herein m Lender ta callect aad apptp such ..��;
<br /> ., � ..�; - eppurtenaaces aad reuts(sub�ect�vrever ta the rig�ts aad suthorities gi,
<br /> " _,.�"`�'� �`°� r�a�),all of wbich shall be deemed to be and remaia a part of the progercy covered by this Deed of Trus�and sU of the �°=��",>�::.>
<br /> � , ioregoing.mgether with ssid pra� (or the teasehold estate if thia Deed of Trusc is ou a leasehold} ara hereinafter�
<br /> ���. "�`� , ...��� � .
<br /> ` '.., •- ceferced to as tha°Property'.` "'
<br /> .r. �;, t .
<br /> . ; . Borm�rer covenas�that Borrocver is Iawfully seisad of the�tate hereby conveped and has the right xo graat aad convep . ,�;�`.�:`'"
<br /> `,,`, �..
<br /> . �.� ° �_ the Property, and tiiat the Property is unenwmbeted escept for encwmbraas�s of cec�rd. Borrower oovenants t1�at .
<br /> .` � Boriower warraats and wi11 defead generaUy the title to the Ympetty against all claims aud demsads. sab�ect to '� `'-'__
<br /> . . ` �
<br /> � � ." ;,, '" encumbrauces of record. ` `�+`�'.
<br /> `.,�`��i . UNIFORM C.�VVBrTTANTS.Borrower and Lender covenaut and agr�as follow� '� '.,
<br /> 1.Payment oi Principal aad tatere�i. Bormwer shall pmmpSY �Y �hea due tlse priucipat afld intet+est �
<br /> ia the cnnVact rate, and other , '
<br /> . `.E.; _; iaek�bt�uess evideaced by the Naro� includiag any variations seaulting�rom cbaag�s f;-�;
<br /> . � . ���f.�! cl�rges as provided ia the Nate. ,
<br /> �.��
<br /> ... le Iaw or vrritten waiver by Leader, Borro�ser sball pay to ���..,,:`•
<br /> - - 2.Funds for Tazes aad Insussnce.Subject ta appliaab :_.
<br /> > Lender an tRe dag irsonthlp payments of ps�i�ciPal ead int,erest are paysble under the Note►uatil.tt►e Note ie paid in fullk. _ :
<br /> ,���• . a susn{hera�a"F�inds")aqt2al to one,twelft�h of the pearlY tages aad a�enis Wtcludwg coAdbmimwn and plannes2� �__ _
<br /> y�' ` uait develop:aes►4 a�ssments. if aaY} w b ie h map attain priori t p o v e r t h i a D e e d o i T�. �a d��O U n d r e a t s o n t h e� .. �._
<br /> �y y
<br /> .;;`. '.° �,' Fr+fspettg.�any.Plus one'twelfth of the 3�Y P�����ents far hazard ipsuranca.plug orte tatelfth.aif,�rly '
<br /> �
<br /> if stt�as re�sonably est�maLed initiattp aud from diae to,dine by .��"
<br /> .. _ '.�:.;;�> :`__-:_ prernivm iastaUtaents for mortgige iasuraace. enp: -- -___
<br /> ' Leuder on the basis of ase�ments and bilfs�and reasonable estimat�s thereof.Borr�er ahall not be obli�lsnt�mage �T_�-
<br /> . � . . such payments of Fuads to I.ender to the estent tUat•Barrawes mskes such Payina�s.to�tUa halder af a priar mart�;ag�
<br /> , . ardeed of m�st if such holder is aa is�citutioaal lendes ��:�
<br /> -� ���tsld in aa iustitutiva;3�•dePosibs or accoaats.�of which as� "��;::`�.
<br /> �_�. If Borrower pays Puads to Lender, t�e Fuads sbstl� ,: n _ -
<br /> ;..� insuted or guarantad by a Federal or state agenc9(iacl Lender if I.a�des�s si%a�i�an inshtution).�'�all appl� � `
<br /> '---��r,.. t h e F u n d s t o p a p s a i d t a g e s,a s s e s s m e n t s.i n s u r a n c o e p r e m i w n s a a d$€t�r u m d��,`��ma y aot char ge�!�sa holdia�, ��.:_:.
<br /> " ,.;,r�: �� a n d a p p l y i n g the Funds.anal S r t�n g said ac�aaunt or verifying aud comp�tg said_ass�saents a m d b�1 s:�n l e��:e a d e r p a�`; : � �r-;
<br /> <�. ... '-.�. �� - Bormwer intes�esc on the Funds sud appli�bie law permits l.ender to�ake such s charge. Borrower a a d L e n d e r�,�.:;; •
<br /> ., ag�oe��writissg at the time oP�tion of tfiis Deed of Trust that interest on the.Foads sl�ll be Paid w Bomowver,�,,'. �f1_�;:;
<br /> .��I untess.�?cb agreemeat is made ar applica�tle taw reqaires such isisErest to be p�;Leader sbaU uat be requ'sred tb pa�� �^;�;
<br /> "�'.r'—:. V6 t0 BOTfOWCf,�P1thOUL Cbffi�C,8II 8l1AU81 BCCOU(1g0��..'.' � F'�,
<br /> � . , `� <� , Borrower aap iaterest or e�itg�on t�e�unds.I.ender shall g'► �
<br /> , . � . . the Funds showiag credits and debits ta't�Funds aad tha purpose for whicb each de6it to the Funds was made.'£liy;__ '� , __
<br /> � . �. �."'�4 Funds arc pl�ged as additianal sec�rity for the sums se�ured by this Deed of Trust. :� .- --
<br /> •�� . . ' It ttte amount of the Fuads hetd bq Lender,wgether with the future montiilp insmllmenUa oi Funds gayab2e prio�� . �
<br /> ;'::'.,,.,�,. ..
<br /> _ �.:��� ` the.�:dates o4�ages,assessments.iasurance premiu�saad ground re�,ehall eaceed the amaunt r e g u i�:to pay.sSid �,
<br /> � '� �:�luents,insurea�e Premiums and ground�as theY,..fpU due,such esces�shall be.at �orfr,e�a'�og�:ii�, • -�_-
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<br /> , ei�:,�pmmptlq repaid w Bomower or c�ted w Si��cu�ver on�ia.t�ttbJY iasta]Iments of Funda 1f the sii�bunt o�t��.. �.j�:
<br /> . � ` ..iFx�,�,tield by Leader sLall.not be suf�ciesatm►��g'sp mses.asse�m�rrt�►insurance prenaiums aad�cound rmta es the 4'sii -
<br /> � - �..� -�'L : c�ib�;Ba►rrower shaU pay to Lender aay amoe�nt�to make vp tiie dePiciency ue oas ar more payme��as Leader - -
<br /> ,,� . , ����. . . -
<br /> . ' � , � : � ' 'L''pe�ss payment in full of all sums secured by this Deed of Trusi,I.ender shaU prompdy refvnd to Bonower sny fuads . �
<br /> �, s
<br /> � hgld 6y Lender. If under paragraPh 17 hereof the Propertq is sold or the Praperly is otberwice a�►Sired bY Leader� �"�°..
<br /> .. �. .� :.�� ,, Lender shall apply.no later than immediately prior to the sate of the Property or ite acquisition bY Lender,.aaY Funds ��__
<br /> ::•.',;�{,a,�; . .•.. •.„ . hdd:b;►Lender at the time oi application as a credit against the sums se�vred hs+ttus De�of Trusc. ��`.
<br /> ` ;,,t:�;�;� �;�:AppHcatlon of Payineats._Us�e�applicable law provides otherevise.aU paYments receivea by L�er under tna
<br /> `'��'�`�� ,: �',. Note and paragraPba 1 snd 2 hereof shall be applied bp Lender tirst in payment of amouma payable to Leader by
<br /> ,. .� ��`':`� .�"� Borrower under paragraph 2 heseoi.then w interest payable on the l�'ate at the applicable oontracc rate.aad then to the
<br /> . .. . . . �'"`; pxincigal oP the Na2e. ' ' __
<br /> � � 4.Prtor Mortgoges aad Deeds oi Trust: Char�es; Liena Borrower shall petform sU of Horiower e obligations
<br /> . � ��- under suy mortgage.deed of tsust or other seawritp agreement with a tien wluch has priority over t1�is IkEd of Trust, _
<br /> ,� �` :.:� including Borrower's oovenants w make payments �vhen Sue. Borrower shaU paY or ca� to be paid all ta�s� -= -
<br /> . ,� � � . asse�s:sents and ather chargea.fines aad impositios�s attributabie to the Progerty whicb may atmia a prtority over thta =
<br /> � � . � Deed of Trust.aad leasehold paymants es:�round rent�,if auy. . , e;.--..--
<br /> 5:Haaerd Iasur�ace. Bofrower sha�T}a�p the iinpmvements aow esistiag or hereafter etected on the Pro�rSy �-�,__.
<br /> :� � `.,. '•,�.,,., insured a�inst lo�by Cre,b�ards�includsd rrithin the term "extended cavesege." aad auch otAes 6a7ards as t.eadat �
<br /> . . ' ' maq require and in such amouuss a�ad for such periads as Lender may require. �: :.:
<br /> � � ' The i�rancs carrier providing the insuraace sha11 ba chosen by the Bosrower subject to appraval by Len+lar: �,-:._;
<br /> ' ' • � • psovi8ed,that such approval aha11 not be unressona bly wit h A e l d A l i insurance po lici e�a a d r e n e�val s thereof eha31 be�in a _Y _.
<br />- � form acceptable to Lender and ahall include s staadard mortgage clause in favor of and in a form aoceptable to Lender. �,�-�,�
<br /> ,, ' � . � I,eestryes shall tia:e the rigiit to�old the p�licies aa d renaw a ls t hereo Y.su b i e c t t o t h e t e r m s o t a n y m a rt g a g e,d e e d o f t rn s t
<br /> I.
<br /> priority over tlua Deed of Trust. �-�.'��
<br /> �;•'.,^;.:� ,. �_ . or ot�er secusit�►a8reement.arith a lien which has , _ .
<br /> �:; � �� • �n the eveaE a�P loss.Borrower shall give psompt notice to the insurance carrier and 1xnder.Leader a^..a3 make pmo! '
<br /> P
<br /> � of loss i4 not ma�:prnmptiy by Borrower.
<br /> _ � � .. ' w 'tin iasurance raaeeds sha11 be agplied tio restoratlon or repair ot ��•. .
<br /> [Jtttess Lender and Borrower othetwsse agree�n n g, p
<br /> . ,. t}��property damage�t,if the restoration or repair is eaonomically feseible and Lender's security is not 1e�ened. If the
<br /> ..� � � •' resLOration or repair is not economically feasibla or I.euder's seourity�vould be lessened.the insuranoe Pr�aeeeda sha116e �,,,y�• ,
<br /> � ;', ,. . applied to the sums secured by thie Secu�ty lnstsument,whether or not thea d�e,with eny egces�s paid tc�Borrower.i� .
<br /> � Borrower a6andons the Property.or does not anszver within 30 days a notice from Lender that the insw�nca carrier has
<br /> � offered to settle a claim, then Lender may collect tha insurance procee�s• Lender may use the proceeds to repair or ._
<br /> restore the Property or to pay suma secured by this Security Instnrment,whether or not then due.The 3o-day periad wiil .-.
<br /> _ � _ beg�n when tha notice is given. �
<br /> . • � lf the Property is abandoned by Borrower.ot ii Borrower fails to respond to Lender within 30 days from the date
<br /> - � � notice is mailed by Leader to Borrower tLat the insuranoa carrier ofiers to settte a claim for iasurance bene�sts.I.ender
<br /> a
<br /> ' ` ` . ' is authorized to collect aad apply the insurance proceeda at Lender's option either to t�estoration or repair oi the
<br /> - . � Property or w the sums secured by this Deed oi Ttwt.
<br />` .. • . .• OQ�SQ-SO Ooad ot Truat k6 oA{s��. �oo ;na�o.o�,}aooa�.�ao��oo ���,g� �
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