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<br /> ` 101170 08/21/1997 �t,p},,����;:
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<br /> �� �SgN g?-1�16945 . .;�_..�,
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<br /> UNIFOAM COV�NANTS. Barrower and Lender covenAnc and n�rce as f�ll�ws�den due the principal ond interest '
<br /> 1. p�ymq�t o[ Princlpd �tnd Inte�t. Bonower slWl prompdY P Y �
<br /> Iindebtedness evideuced by the Note uid late chsu�es As provided in the Note.
<br /> � 2, Fbndr[or Tiucm and Insunnce• Sub}ect to applicable law or u written waiver by Lender. Borrower shall psY co
<br /> ; Leader on the dsy monthly Payments of priacipxl and interest�re pay4ble under the Nate.until the Note is paid ia full,a
<br /> sum(henia'Fwsds') alual to one-twelfth of the yrarly tsuces and pssessmeats(includln�condominium And plauned unit �
<br /> . � development usessa�ents. if any) which miy att�in pdorlty aver this Deed of Tcust,and grauad rents on the PropertY.1f _
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<br /> any,plus one-twelfth of yearly premium installments for ha�rd insur�nce,plus one-twelfth of yeuly premium installments
<br /> � for mongage i��+�„^�e, if wy. all as reasonably estim�ted iniaaAy w�d from dme to dme by Ltad�r on the b�sis of '
<br /> yssessments and bllls and reasonable esdmates thereof. Borrower stu�ll uot be obligated to make such paymeats of Funds _
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<br /> ��"'"~ ro I.ender W the extenc that Borrower m�lces such payments ro the holder of a prior mortgage or deecl of tzust if such holder
<br /> "�` is Rn insdtudonal leader. , � '''°E, -
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<br /> If Boaower pays Funds to Lendet, the Funds shall b;.held in an insdtudon che deposits or accounts of wtuch are � ��. ��'�V A�.;;nr�::
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<br /> insured or guaranteed by A Pederal or state agency(Including Lender if Lender is such Qn insdtuaon)• Lcnder shall nPP1Y �;.,�..��:--_---
<br /> � und nncs. Leader may not charge for so holding and - }:�-"�"�•
<br /> the Funds to pay said ta�ces,assessments. iasurance Premiums and 8ro ,•�:,:,�1
<br /> • ihn sstid assessments aud bills, unless L.euder PAYs -r",-`e_---
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<br /> ;I aPP1Y�D8 the Funds, analyzin8 said account or verlfying and comp ' 8 ,.:,,-
<br /> ' Borrower interest oa the Funds and Appuc�able law permiu Lencler ro make such a charge.Horrower and I.endar maY�B� :"'i..,�,
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<br /> 1 In wrlting at the ame of eaecudon of this Deed of T�ust that interest on the Funds shall be Paid�°Bon'°�a°°Bd�We � -_
<br /> � such agreement is made or applicable luw requires such interest to be p�id. I.ender shall not be required P Y .•��=
<br /> :� any interest or eamin8s on the Funds. Lender shall give to Borrower. wlthout charge. an swnual accow►tin8 Qf the Funds _,;�<<
<br /> 'i s howin� c r e d i t s a i x l d e b i t s t o t h e Funds aud the p►u^Pose for wtrich each debit to the Funds was made• The Funds are �•�,��
<br /> � pledged as Addidonal securlry for the svms secured by this Deed of Trusc. ������
<br /> able rior to ;Rt�
<br /> � I f t he amo u n c a f t h e F u n d s h e l d b y Lender, to gether with the future monthly instaUments of Funds pay P ,;�.xr���
<br /> the due dates of taxes,assessments• ins►u�nce prewiums and 8round rents,
<br /> shxll exceed the amoiwt r e q u i r e d ro Pay s s d i d .;�: • .
<br /> � � [axes, assessmena, insurance premiums and ground rents as they fall due, such excess shaU be. at Borrower's opdon. ..��
<br /> , �. either prompdy repsud to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds .r,,';
<br /> held by Lender shall not be sufficient to pay taxes, assessments. iasurance Premiums wd graund rents�s they fall due, '�;;�Y'-'
<br /> �• Borrower s�ll pay to Lender any s�m°unt n���Y co make up the deSciency in one or more paymencs as Lend�r r�Y �,�.� —
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<br /> requin.
<br /> � UPon PaYment in full of aU s�ums secured by this Deed of Trust. Lender shall promptly refund to Boaower AnyLend re
<br /> �' held by Ixnder.If under pac�tgraph 17 hereof the Property is sold or the Praperty is otherwise acquired bY Lender.
<br /> - � .i, sLall appty, no lacer �han in;�;icdiAkly Friar Lo she ssle of t�P p'Y'Pem'or iu acquisidon by Lender. a�ay Funds held by
<br /> L,ender at the dme of applicadon�s a cred3t against the sums secund by this Dad of Tcus��ived by I.ender undar the �— '—'
<br /> �; 3.AppUcation o[Payments• Unless stpplicable law provides otherwlse.all PaYme
<br /> Noce and para8raphs 1 and 2 hereof shall be applied bY Lender fi�st in paymeuc of amounts PaYable to Lender by Boirower _
<br /> under par�tgraph 2 hereof.thea to interest payable on the Noce,and then to the principal of the Note. __
<br /> 4. Prlor Mort�es and Dee�of Tnnt3 ���; Lea�.Borrower shall perform all of Borrower's obligatians
<br /> �1er�ny mort�ga� deed of tcust or other securiry agceement with a lien which hss priority over tbis Deed of Tn�st. �
<br /> includiag Borrower's covenants to make payments when due. Bormwer shnll pay or cause w be paid nll taxes,�ssessments n �
<br /> .. ����hugcs, £iaes and imposidons�ttributable co the Property which maY attain a Prio�ity over this Deed of Tnut.
<br /> and leasehold payments or ground rents.if any. rovemenrs now existing or henafter encted on the Froperty
<br /> S. Fwrd Insw'ance• Borrower sbaU kcep the imp
<br /> .� and such ather haurds ns Lender may
<br />- iasund+�ga[ast loss by fin,ha�rds included within the term "extended coverage',
<br /> ' require and ia such amounts and for such periods as Lender may require.
<br /> • ��ia�ur�nce curior pmvidtng the insurusce shall be chosen by Boaower subjxc to appmval bY I.endet;pro�ided.
<br /> that such approv�l shall noc be unreasonably withheld. All insurance Folicies and renewals thereof shall be in a form _
<br /> , " accepqble to Ltnder ud shall include a standard mortgage clause In f�vor of and in a form acceptable to Le�er. I.ender
<br /> si�ll have the rlght w hold the policies wd reaewals thereof. subJect to the urms of any mortgage,deed of uust or other _
<br /> ��rlty agr�ement with a lien which has priority over this Deed of Trust. _
<br /> Ia the event of loss.Borrower shall give prompt mdce to the insurance canier and Lender• under maY�P1O°f �_,__
<br />-, .. , � of loss if not m�de pmmpdy by Borrower. �� -------
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<br /> � If the Property is abwdoned by Borrower. or if Borrower fails to respond to I.end�r within 30 days from the =---- --
<br /> ' noda is m�iled by Le�er to Horrower that the insurance caaier offecs to setde A claim for insurance benefits� I.e�er is '
<br /> i authorlud to coUect And apply t6e insuruicc proceeds A�under's opdon either to restorarion or repair of the Property or �j �,
<br /> � F'��?ti-.�_�,;
<br /> to the sams securod bY tb�s Deed of Trust. �'
<br /> ' 6. Preseivation and Malnta�ance of Propertyi Le�sebolds; Condomidu�ns► plenaed Udt Devdopmente. �.����_-`�;�,:
<br /> s Borrower shaU keep che Property in Bood rep�ir and shall not commit waste or permit impairment or deterioradon of the ���., • ,,� ;,
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<br /> � proporty and shall comply witli che provisions of any lease if this Deed of Tnist is on a leasehold.If this Deed of Trust is �':���; �i ����;,:,
<br /> on a unit in s� condominium or a planned unit development,aorrower sball perfom�all of Borrower's obligatioas under the � .
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<br /> declaradon or wvenants crearing or govecning the condominium or plAnned unit development,the by-laws and reguladons :.ti�.>�T.'•..
<br /> of th�coadominium or pltnned unit development,uyd consdtuent dacuments. ,,,• �..,�.:�!;,;:
<br /> 7. Protection ot Lenddr's 5ecurity. If Borrower fails to perform che covenants aad a8raments contained in this . ;. .���,�.
<br /> Dced of Tcust.or if wy udon or procadin8 is commenced which materially affeccs Leoder's intenst in the Property,then , .: �•.�,� �-
<br /> ' Lender. at Leader's opdon. upon aopce to Bocrower. may m�iC� s��h �PPeuanc�es• d�sburse such sums, including
<br /> reasonable attomeys' fees, and tAke such action as is necessary�o p Ttect.Ixu,�.e....,��h u nav �he�nremiums reauired So
<br /> -__-.—-_--.. insurance as a condidon of making Ute ioan secu�d'oy w,� ..�..,. ..,.o.. ............ �-�-.. . __-__- ---
<br /> maintain such insurance in effect undl such dme as the requirement for such insurance terminates in accordance with
<br /> Borrower's ud Lender's writun agreement or applicxble luw. rate shall become �
<br /> pny amounts disbutsed by Lender pursuant ro thls puagcaph 7.with interest thcreon, at the Note ,
<br /> Addidoaal indebtedness of Borrower secured by tLis Deed of Tcusc. Unless Borrower and Lender agree to uther tertns of I
<br /> i payment, such amounts shall be payable upon nodce from Lender to Borrower requesring paYment the�eof. Nothing
<br /> � contained in this patagraph 7 shall require I-.onder to i�ur wy expense or talce wy u:aon herounder.
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<br /> � g, l�pection. Ixnder mzy ma1�e or rause to be wade rea.sonable entries upon and inspecdons of the pecty.
<br /> i provided that Lender shall give Borrower notice prior ro wy such iaspecdon specifying res�sonable c�use thenfor nlated ro �
<br /> • Lender's interest in the F'roperty. �
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<br /> � Ncbrtslu 16876-7 7/97 OriQinal(R�cord�d) Copy(Hranch) Copy(Cu�tom�zY P,ye 2 ots
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