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<br /> UNIFORM COVENANTS.Borrower and Lender covenant and agree as follows: ��" 1��4�
<br /> 1, p�ym�nt of P�inclp�l�nd Int�at�Boirowur shull promptly pay when dua!he principal and lnterest indebtedness
<br /> st,�denced by the Note end late charges es provided!n the NAte. `__
<br /> 2. Futxb tor'I1roca�nd lnsunnce.Sut�ect to appikable law►or a written wahrer by Lender,Borrower shatl pay to Lender
<br /> on the day monthiy payments of prtncipal and Intere�t ere payeb�e under the Note,until the Note ts pafd In fuil,a sum(herein
<br /> "Funde") equal to one-tweHth oi the yearly tsxas snd a.gsessments(Including condominfum and planned unft developxr�ent
<br /> i}an lus one-tyvelft�h
<br /> assessments,H any)whk;h may atta�n P�iority over thls Daed of Ttust,arxi ground rents on the Property, y,P
<br /> of yeArly pre►n�um Instaliments for hazard Insurance,p!us onn-twelfth of yearly premium installments tor mortgage insurance,it -
<br /> ar�y,all as reasanab�Y esdmeted lnftlally and from time to time by Lender on the B�aw^is of e.ssessments and blils and reasonabl�
<br /> eatlmates thereof.Borrower shall not be obllgated to make such payments of Funcfs to I..vnd�ar ta ti�n extent that Borrower makes
<br /> such payments to the halder of a prior mortgaga or deec!of t�st ft such ix�lder is an Inatitr��IcmaJ Ir�v�der.
<br /> If 8orrower pays Funds to Lender,the Funds shall P�e hetd in an InstitutE�tiie�d�'�i�or accounts of which are
<br /> i.t�srareu�or guaranteed by a Fedorat or st.�te a�y Eirr�[ud'.'cr�g ILenc!¢r N Lertat.er i�ri.�clR.an irrslit:ution).Lender shall appty
<br />, �s���x��8y ,aE �����,se�ctt,ent�,in�r,��arr�ce��reemf.u�rs artd��racr.nc�c��t�.P.ert�er i�ray no1 cha�rge for so hotding
<br /> �v�a�j{fn��eff:(Fv��.2u�aC�[r��aic8 a�caurm8 vr vre�iCgrrrrr�a�rr�i�orn�ai:li��said,assc�ss�.'�s�c-�-ri,�aad I�;tl,,i��nl�ss Lender payt3
<br /> �r�wte�e int�Yms2 on�t�ho�v�►���d a�pp��c�bie U��rc qvflrami�:�A.�c RL1DR 4p��11�0 57DLC18�'AafgFl.B4T�'Q'K�(Ef 8Jtd:I_ender may agree
<br /> �.m wei;�rrr�d3 xiram!ti•me o�.Wx���ati.ar�9 th�s��rnR�istn��l�r�'art�im1mr�5!t on tho IF��tr�'a�lti��C be�a��r,o F3�+row�r,su-ed unless such
<br /> a,gc�'an��2 i�:[mEltlE�or np�i�cab�a 18W pec,vri�,�os ��a'cAa intores�I 2�o i�e Pftid�'�'�•n�I�aQ sfi�!!�Q�tte�c�rair¢eJi 4,�s p3��Bor�ower any
<br /> � inter�sV rsr e�rnin�s on the Funds. Lerid�.�r sh�ll �gi:�e to S�r�ra�:r, �yt.�raa;a�lr��r��,2r� ar�urua�J: accou��ting a9 the Funds
<br /> , showing credits and debits to the Funds and the pur�osa for wh�'��,ach debit to�the ��►�fs was made.The Funda are
<br /> p�edgsd as additional security for the sums secured by tt�fs Deed of Trust.
<br /> If the amount of the Funds held by L9nder,tctgether with the tuture monthiy installmenta of Funds payable prlor to tlie
<br /> due dates of texes,assessments,insurance premiums and ground rents,shalt exceed the amount requlred to pay sald taxes,
<br /> assessments,Insurance p�amiums and graund rents as they tall due,such excess shall be,at Borrowers optlon,elther
<br /> - promptiy repaid to�auar or crsrlitcd to Borrower on mAnmly Installments of Funde.If the amount of ths Funds held by
<br /> ' Lender shall not be suBicl�nt to pay texos,essessments,insurence premluma and pround renta es thsy hll du�,Bortowsr
<br /> shaN pay to Lender any smount neceseary to make up the deHcierxy In ons or rtwrs psymenU eu�Lend�r may nquiro.
<br /> Upon paymsnt In(ull of all aume eecured by thia Deed ot 1Yuet, Lender shafl prompdy rafund to Barower e�ny Fund�
<br /> held by Lendar.lf under psreqr�ph 17 her to the eab f the Propsrly or fts ao�quiNt'lon by LNinder�ind�����
<br /> shall apph►,no latsr thsn immediedsly p�lu
<br /> ' �t�t�e time et epp�irmtlon aa a credlt aflalnst the sume eecured by thla Deed ef Trust.
<br /> 1 �T��atton M pwm�nts.U�leae a�gpllcable Iaw provides otherwiss,all payments received by Lander under the
<br /> � Note and pareprephs 1 and 2 hereof aha116e epplied by Lencler first in payment ofi amounts paya�ta i�Lenc3ar by�arrausr
<br /> under paragraph 2 hereof,then to Interest payable on the Nate,and then to the ptincipal of the Note.
<br /> 4.PMor Matss�s��d Qs�d�otfi'uati������s•SOrrower shall pertorm ali of Borrower'e oblipatlons undar
<br /> arry mortgage,deed of trust or other security agreement with a Ilen which has priority over thia Deed of ZYust, including
<br /> ���ha8 esV fines and mposiUons attr butaWe to t e�P operty awh ch may ettainta P b atY o er thes�Deed of Trus aand
<br /> other c rg
<br /> leasehold paymeMs or ground rents,N ar�y►.
<br /> 5.Nazard insurance. Borraw�er stea�t keep the im�prowem�e�rs now existin�or hereatter erected on the Prapa��•5�
<br /> Insured e�ainst loss by fire,hazards 6ricluded within the term"extended onrerage,tlood anc�s�cr7�ott�er hazarcls as��:��at�,r
<br /> may requfre and In such amaunts and bK such Dereods as Lsnder rmay requi��. ` i
<br /> - The Insurance canier provid�g the �nsurance shall by d�osen by Borrower subject 4o approvaE ta3►;�.�r+i��:pruvatled,.�� �� __
<br /> i, that such approval shall not be aasr�s��ab�y wfthheld. Atl ins��,au�ce pollctes and renexy�ls rhereof�ii b� in�:hirm
<br /> `� acceptaWe to Lender and shall ire�:6oic�e a aiandard martgage Gaus� �^�a�or df and In a brzR�AcCept�ble to Lender.L�riil�s•
<br /> - ghall have the right to iw{d the poYkyi�s�and renewats thereof,subj�e�ct 3m the terms of any mort�age,deed ot trust or;ro°r.ar ,�.
<br /> ' security agreerr�ent with a Ile�n whbh has prlorlty over this Deed oi sa�st. t-:.
<br /> In the everot of Idas,6orrower shall give prompt not�e to the ire�wrance carrter and Lender.Lender may make proM d
<br /> �a loss if not macte�ramPtty bY Borrower.
<br /> •' If the Property is abandoned by 9orrower,or if Borrower faii���r�sspond to LendeP w1tMn 30 days from the date e��ce
<br /> �� Is maiied by Lende�r to Horrower that the insurence carder otbrs to settle a clalm for Insurance be.n9fits, Lel�der fa: ,�
<br /> y autnarized io callect and epply the tnsurance proceeds at Lende�g optbn efther to restorat(on or aepair�`f Rn�Prop�lty or
<br /> ' to the suma secured by thls Deed of Trust. _
<br /> ;� 6.pK�,rvatlon and Matntenence o! P►�opsrty; L�asehmlds; Condominlumsa I�nned Unit �wlopm�r�ts.
<br /> :;� Borrewer si�all keep the Property In 9ood repafr and shall not commft waste or permrt(mkypairnnent or deterloration'Qt ib�
<br /> � property and shall camply wtth the provfebns ot any tease it thts Deed of TFust(s�n a leaaahotd.If thls Deed of T�uat Is dn -
<br />-- a unit in a oondominfum or a planned unft development. Borrower shall pertorm alt of Borrower's obllgatlons ur�r the
<br /> '• declaratfon or covenants creating or governing the condominium or planned unft development,the by-laws and repulations ,
<br /> of the condominium or plsnned unft devabpment,and constEtuent documents.
<br /> '' 7,protectlon of (.snder's Sscurity. It Borrower falls to partorm the covenants and agreements contalned In thls
<br /> `� peed c}Ti�ust,or if any actfon or proceeding Is commenced whlch materlally attects Lender's intereat In the Property,then
<br /> — � Lender, at Lender's optlon, upon notice to Borrower, may make such appearances, dlsburce such sums, includ(ng
<br /> • reaeonable attorneys'fees,and take such ectlon as Is necessary to protect Lenders interest.If Lender requlred mortgage
<br /> Insurance as a candltlon of making the loan secured by thls Deed ot Trust,Borcower shall pay tho pren�iums requ�red to
<br /> malntaln such Insurance In effeat untll such t(me as the requfrement tor such insuranae terminates(n aocordance wlth
<br /> � serrovuers and Londer's wr(tten agreement or applicable law. __,,�____ �.�....�..._.e.. ativu E,�,.�..�
<br /> Any amounte dlsbursed by Lender pursuant to tnis paragrapn 7,wiin ii�ia�ooti���Q���,a..��.�.�.�.-,��.._—^..._
<br /> ° additional Indebtedness of Borrower secured by thls Deed of 1Yuet.Unless Borrower end Lender agree to other terma ot
<br /> payment, such amounte shall be payable upon notice from Lender to Borrower requesting payment thereof. Nothing
<br /> _r� �A�e�;�un R�iis paragraph 7 shall requfre Lender to Incur any expense or teko any actlon hereunder.
<br /> ���� 8.��speetlon.Lende�may make or cause to be ma�reasonable entries u�n;�nd Inspectlons of the P��perty,
<br />_. proer3rled 1�hat Lender shall g(ve Borrower notice prlor to�ny 5ych inspection speciyeng r�sesanabte cause thorefo�relaY�d
<br /> to i.m�a�er's InLerest in the Properdy.
<br /> ,i.4,,; �. Con�iemnatlon.The proc:eec�s of any award or e?�im tor damagoa,direct or cor�sequential,in oonnee'tiaro with any
<br /> {��?; conc0ernnation or ather taking o� 1�he Property, or par� 4t�reot, or for conveyar�ce 6� �ieu of condemnalion, ar�e hereby
<br /> - &asigned and shall be��id to Lender,subject to the te�rcos o4 any mortgpt3e,deed o!�irusi or other securNy agreerr�Ent wrih
<br /> � a Uen which has�aaor��er tiois�eaN of Trust.
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