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<br /> . t U NIFORM COVENANT3.Bor►ower end Lender ccvenant and sgree as followa: g?� �Q�� —
<br /> � � 1. P�ym�nt of Prlr•elpal�nd(ntenst.Borrowar ehall promptly pay when due the princlpal and Intere� In eb neas —
<br /> � evldenced by Ihe Note and i�te charges as provided in the Note. �_
<br /> 2. Fund�icrT�x�s�nd Insunnc�.SubJect to applicabte law or e writtan walvar by Lender,Borrower shall pay to l.ender
<br /> ;�� on the day manthiy paymente of principel and Intereat sre payable under the Note,untll the Note Is palo�n full,a sum(harein �-`
<br /> t; "Funds")equel to onatwelfth of the yearty taxe�and a�seasmenta(including condomiNum and ptanned unit dev9lopment
<br /> � T aaeesamsnte,If any)which may attaln prlority overthia Deed o!Trust,and ground rents on the Property,�f any,plua one•twefRh sf
<br /> o}yearly p�emium Installments for hazard Insurence,plus one-twelfth of yearly premlum instalimenta for mortgage inau�ance� �
<br /> It any,ell aa reaaonabiy estimated initialty and from lime to time by Lendor on the basis of�asessrrsents and bllls and reasonable �.'.
<br /> ::"�j, estimate�thereof.Borrower shaii not be obligated to make sueh payments of Fundsto Lender to the extont that Borrower makes —
<br /> � '�� such paymente tA the holder oi a prior mortgage or deed of trust If such holder fe an instltutional lender. _
<br /> If Bor�ower pays Funds to Lender.the Funds shall be held in an Institutlon the deposils or accounts of which are insured
<br /> ;�� or guaranteed by a Federal or state agency(including Lender if Lender la such an(nstitullon).Lender shati apply the Funds
<br /> to pay said taxas,assessments,insurance premtums and ground rents.Lender may notcharye for so holding end apply(ng
<br /> �. the Funds.anatyzing sald account orverlying and compiNng sald assessments and blils,unless Lender pays Borrower interest __
<br /> �� on the Funds and eppl�abie law permita Lender to make such a charge.Bnrrower Qnd Lender may agree in writing at the time
<br /> ot execution of thia Deed af TFust that interest on the Funds shall be paid to Borrower,and unless such agreement is made or
<br /> � appiiceble law requires��tch interest to be paid,Lender ohall�ot be required to pay Borrower any interest or earnings on the
<br /> . Funda.Lender shail gtvo ta Borrower. without charge,an annual accounting of the Funds��i�red�u��thet ums
<br /> `= �� � ' Funds and the purpose for which each debit to the Funds wes made.The Funds are ptedged
<br /> s�� securecl by this Deed of Ztust. _
<br /> If the amount of the Funds hetd by lender,together with the future monthly inatallrneMs af Funds payable priorto the due
<br /> � � :�.;'� dates d taxea, aasessments,insurance premtums and ground rents,shall exceed the amount required to pay said taxes,
<br /> c�ssessments,insurance premtums and ground rents as they fall due,such exaess shall be,at Bo�c►wer's oPtbn�eithe+'Pr°mPr�y
<br /> sse
<br />- •:���:• repaid to Borrower o�credited to Barower on monthly instaliments of Funds.If the amount ot the Funds held by Lender shall
<br /> ' . not be sufficlent to paytaxes,ass�ssments.insurance premtums and ground rents aa theyl�ll due.Borrowerehell paY W Le�de�
<br /> �:•�-;;��.:`. , any amount necessary to make up the deficiency in one or more paymenb as Lender may require.
<br />_.�r;���'� Upon payment in full of all sums secured by Mis Deed of Trust,Lender shall promptty refund to Borrower any Funda heki
<br /> by Lender.It undet pa�agraph 17 hereoithe Propertyis sc�d or the Property is othervvise acquired by Lender�Lender shall eppiy,
<br /> �-:��" , no later than immediate1y prior to the sale of the Property►or its acquisition by Lender, any Funds held by Lender at the time
<br /> •�=.�;;,;:;
<br />___'-� of applicatian as a aredit against the sums secured by this Qeed of rust. _
<br /> �=".�..,, 3. Appllcatbn of Payrr�nts.Untess appl(cable law pca�ides otherwise,all paymertls recefved by Lendet under the Note
<br /> ---_z�:�� and paragraphs 1 and 2 hereof shall be app�iea by Lender"nr�i i��Na3�arst o!amassn�Da�Bhle t�Len�Ar by Borrower under
<br /> "�� paragreph 2 hereof,then to Interest payable on tha Note,and then to the prMc(pal of the Note.
<br /> — � ,4, prlprMort�ge��nd Deeds aflFutt:Chergss;Lkns.Borrower shall perform all of BorrowHar's obligations undera�yr
<br /> = mortgage.Qeedoft�ustorothersecuriryagreementwithatienwhiohhaspriwityoverthlsDeedofT�vst.includingBorrower's
<br /> — — oovenants to make payments when due.Bonow�e�sha11 pay ar cause to be paid all tauces�assessmerds and other ct�cges,fines
<br /> and impositions etWbutable to the Property+xhich may attain a prio►ity o�►erthis Deed af Trust.and leasehold paymerdscx 9round
<br /> _ rents,if any.
<br /> 5. Na��cl�nwr�nct.Borrower shall keep the improvements now exisiiny ur i�a�eaftar erecte�cn the Pro�rty iasured
<br /> -,�_' againat loaa byr Nre,hezarda inciuded withfn the term"extendad coverage",and sucf�ather hazards as Lender may requiro
<br /> — and in such amounts and tor such periods as Lender may requfre.
<br /> � The Usurance canier providin9 the insurance shail by chosen by Borrower aubject�apprcn►ed bf►Lender Provided,th�t
<br /> -- such approva�shall not be unreasonably withnetd.All insurance poilcies and renewalsthereo�f sh�►II be in e�form sa�ptable
<br /> to Lender end s►�a��Uc�uds a standard martgape clause tn tavor of and In a torm acce�leble to Lender.i.ender ahall have the
<br /> rightb taoldthe policies and renewatsthereof.r,u�bj�ct 4a the terms of any mongage,deed ottrustof ari+arsecurity agreemsnt
<br /> with�I;+en��hlch has priorfty►over thia Deed of Truat.
<br /> Inth�a�reM of bea,Borrower ahall piva prompt notice 10 the Insurance car►ler and U►nder.Lender may meke proot ot�oss
<br /> it not made promptly by Borrower.
<br /> ifthe PropeRy a aDandoned by Borrower,ur 3f Borrower tails to respond to Ler�rwithin 30 dags from the dete notke la
<br /> mailed by Lander Lo Borrower that the insurance carNer of[ers to settle a claim for insurance bene�ita,Lende+'Is authoriZed
<br /> So coMect and apply the insurence pnoceeds at Lunder's option eitherto resto►etion or re�aUof the ProQerty or�o the eums ascwr�ed
<br /> by thb Oeed of Trust.
<br /> 6. PnMrvKion�nd Malnt�nana of Prop�rty:LeaKiwidsi Condominlunap Plmn�d Unit DawbpnNnb.Borro�r
<br /> ahall keep the Property tn good repair and shall not commit waste or permit Impairment a'deteriorat�on of the Property and
<br /> ahall comphr with the provislons of amr lease if thls Deed nf Trust is on a leaaehold.If this Deed c�f ltust ts on a unft in a
<br /> --= condominium or a plartned unit development,Borrower shall perform all of Borrower's obligatbns under the declaratbn or
<br /> --- ca�r�ener�aaeatk►9a9����9�candom(niumorplannedunitdevelopment.thebY-lewsendregu�alionsoftheoorxbminiwn
<br /> - -�----�-- or plennsd unit development,and constituent documents.
<br /> - _ 7 p�pact(pn of L�nd�r's Securtty.If Barr�awer faila to per(orm the covenar�ts and a9reements�y t���
<br /> -���;�:, of Tivat.or if any a�ction or proceeding is commenced wh�h materiaUy affects I.enda�'e f nterest In the Pr . �
<br /> _�:�;'� at Lender'sop�tton.upon natice to 8orrower,may make such appearences,disburse au�heums.Inciuding reasonabte attomeys
<br /> -_�-'��y+ tees,and take auch action as is necessary to protect Lender's interest.It Lender requfred mo�tgage fnsurance es a condition
<br /> '�°��'���� ot m2king the loan secured bythis Deed of ltust,Barowersha l l pay t he prem lums re q u l r e d t o m a i n t a f n s u Ch insurance in Mter.�t
<br /> �� untileuchtlmeastheroqulrementforauchlnsuranceterminatesinaccordancewlthBorrower'sandLender'swrittenegreeme►�R
<br /> -=•�—�4�] or applicable law.
<br /> _.._��.��.._......,.�.�Wc�h��r..�*t,eraon_at the Note rate.ahall bsoome
<br /> —�z��-��-v� l�fly eR10U1RS OISDU�3@O Oy LBitUm Fni�aumn�v a.�w po•••y•Y••• •.-'•_._.--.--- - - - •
<br /> -��� �;,�,���essa soROwer se�,red eyu,�s oeeda�.Unless BorrowerendLender eg�aeb othertermsof p�yrrfent,
<br /> °.��:��'�•• such amouMs ehall be payable upoa nMfce trom Lender tn Borrower requesifng payment thereof.Nothtn�contalned In thie
<br /> — ° ��� parsyrsph 7 shaU►equfre Lander to Incur any enpenae or take an�r action hereunder.
<br /> - - ..^:�r. ;�; !. Irap�ctlo�.Lender may make or cause to be made reaaonabk antries upon and inspectbna of the Propsrty.Pro+rided
<br /> - •'� ' that Lender aha�ll give Bonowar notice Prbr to any such inspection speciiyfng►eaeQneble cause there(of rolated 10 Lender'e
<br /> �. ��,.� interost In the Pnoperty.
<br /> �;�'`<'._ �' !. Cond�mnation.The prxeeds of any award or claim tor damages,diroct or cons�aqus�tl�l, in connscc:tlon wfth�ny
<br /> � �,v�-� '�
<br /> � �� aondemnation or dhe�takEng of the PropeRy,or pert thereof,or for comroyance in Ilau of condemnatton,are hersliy se�IOned
<br /> •` +�^` and shatl be paid to Lender,subJect to the te�ma of eny matyags,deed of truai or other security agrsemeM with a Ibn whkh
<br /> �'��..•. ' has prioriiy cnrer thia Oeed of TFust.
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