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<br /> •' UNIFOAM COVENANTS.Borrower and Leader covenant and agroe ae foAowe: [.�_
<br />: . . 1.�a�ment oP Prineipal and Int�+ea�.Borrower shall promptly pny whe�a due the prinoip�l snd intereet �.-
<br /> .� iadebtedness ovidcnced by the Not�and late chsrges ss provided in the Note. � �
<br /> �� 9.�tinds for Tasea and Ymwr�noe•Sub,iect to aPPlicable law or a writ�en waiver by Lender,Borrower -
<br /> shall pay to Lender un the day montbly paymenta of principal snd intereet are payable under the Note,until
<br />-- - .�.� the Note ie paid in full, a swn(herein "Funds") equal to one•twelRh of the yearly taxes and aseeeemeata t-
<br />� , ,�� (inaluding condominium and planned unit development aseeesments,if any)wl�ich may attain prlorlty over �
<br />��� this Deed of'14�ust,and ground reata on ehe Property,if any�plus one-twelfZh of yearly premium installments �
<br /> �"•; for hazard insurunce�plus one-twelfth of yoarly premium installmente for mortgage insursnce,if any,all ae -
<br /> ..,;':?•.•.: � reasonably eatimated initially and from time to time by Lender on the basie of aesessmeate and bille and
<br />'.:�•�:'" . � reasonable estimates thereof.Borrower ahall not be obligated to make such payments of Funde to Lender to
<br /> " � tho estent that Borrower makes such payments to the holder of a prlor mortgage or deed of trust if such
<br /> � holder is an institutional lender, _
<br /> � If Borrower pays Fnnda ta Lender,the Funds ahall be held in an inst�tutlon the depoaita or accounta af
<br />'�'�'-�i.�:� .��� which aro insured or gusranteed by a Federal or gtate ageacy (including Lender if Lender ie suah an
<br /> ���i� � irnstitutioa).Lender ehall apply the Funde to pay eald tazes�assessmonta,insurance premiums and graund T
<br />-`';i °;� �•� .; rente,Len�er may not abarge for so holding and applying the Funds,e�naly�►B sedd account or verifying and
<br />- .,.:ry'.; '
<br /> - compiling said aesessments and bills,a�iless Lender pays Borrower intereet on the Funds and applicable law
<br /> _,:� � permits Lender W make such a c�arge•Borrower and Lender may agree in writin8 at the t.�ne of ezecution
<br /> "'�'.'`' °, • of thfe Deed of Trust that intereet on the Funds shall be paid to Borrower,aad unlesa such agreement is made
<br /> �,;�;;.ti,;� � ` ' or applicable law requires such intereat to be paid.Lender shall not be required to pay Borrower any interest
<br /> or earnings on the Funds.Lender shsll give to Borrower�wiLhout charge�an annual accouating of the Funds
<br />-=�'x��' showing credits and debits to the Fwnde and the purpose for which each debit to We Funds waa made.The
<br />==3Y%�t•� Funds are pledged as additional securlty for the swne secured by thif►Deed of'lYust.
<br /> �r �'x�h If t$0 &1�lO1lIIt r.���^Funds held by Leader, together with tl:e future� monthly installmeata of Fnade
<br /> °�,��a fis��.. payable prlor to the due datea of tasos.aseessmente,inaurance premiume and ground rents�shsll ezceed the
<br /> � &ittolint reqUired to pay eaid fi,e�en,6nn��i5rii8�ts,itzsur�tCC g�t�zss azsd o Qtt�-'t�rAnt�aa thwy fell due=euch
<br /> --=�=� escess ehall be�at Borrower's option,either promptly repaid to Bori'ower or credited to Borrow►er on montlily
<br /> = inatallmeats of Funds. If the amount oF the Funda held by Lender shell not be sut'hcient to pay tasee,
<br /> - asseasments, insurance premiume and ground renta ae theq fall due, Horrower shall pay to Lender any
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