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<br /> �: ' � �70 SECtiRE to lender the ropayment of the IndeOtedneae evidnnced by Borrower's noto dated Auguat 18.1AJ8 =
<br /> y eitd axt�na!pn��no renewata thareof�hereln'Nota'), In the pdnclpat eum of U.S. �36,000.00 ,with Intereat thmeon,pro�idinp tor =.
<br /> � . manthty�tpitplkrtenri obprtnclp�l en0 interes4 witt�the 6atancs ot Ne indebtednnss,if�ot sooner pald,due and peyable an -
<br /> ;1. AuDUtt�2.20�3 ; the peyment of att other sumr,wltA intereat thereon,advanced!n accordance herewith to protect the aecuriry ;;.
<br /> oi tht�Oe�acl.a�t.T�uat; and tho portormpnce of tho aovonnnts and aproemonto 04 Bonowar horoin aontairtad. C
<br />.- � BariAVa�r aovenanU that Bonowor ta tawfulty eetssd ot the estete hereby conveyed ena has tAe ripht to grat►t end convay the Property�j� �;
<br />.. � an�l that thA R(bperty is ur�ncumDered except to�oncumbrances ot rocord except for e Itan 8renteA by 8c�rower to Contractor ond harel� =•
<br /> esst�n�d by Cp:Kt�otar to Lende�. Borrowor covenents thet 8orrower wanentei and wU1 detand generatty tha Utie to the Proparty egalnst aif"' �.:
<br /> E claEma enA dimlpnt+e,suDjont to encumbrancea of re�ord.
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<br /> t I��'� UNiFDRM COVkNANT3. Borrower und Lender covonnnt and agroe es foilowa: _
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<br /> �u f t�� 9. P�t o4 i�lneipal�nd iniitra� Borrower ehall promptiy pay when due the prineipei end interest fndebtedneas ev{dertced by the =
<br /> , __ t�ote and fate charpes ea prortdod In the Note.
<br /> Z. Funds tor Taxp r�d insum�a�. SubJaot to tpppoeb�e law or a wtkteo waiver by Lender,Bottower shail pay to lender on the dey� -
<br />-�s , mamhM PbYmerna of prUNpal end intereat ero payabla under the Nota,uMU the Note ts pald in full,a aum Iharoin•Funds9 equal to ortatwettth
<br /> , • of tbo y�a�t�rtaxea and saaesamenw ftnatudinp condominium em!pta�ned unit developmerit assassmanta,it any)which may att�in prtoritY over -
<br /> + tht� OoAd of�4rust, and gtound tente on the Froperty, ti eny. pluo ona-twelith of yeafly premium InstaQmente for hezard tnsu�anee, pius
<br /> =.�• ona�twr,f8h.af,vearN premlum Inatatlmente tor mortyege Inauranae,tf eny,elt es teasonabty eatlrt�sted infdelly and hom tlme to Ume by Lendnr
<br /> an tha btnsJ�nf.�ssesamente and 6itla eml roasonaMo eatimatea ffimaoi. Bonower sha8 rrot Be oblipeted w mske eucfl peymente ot Funds to °
<br />-� � �' � LentlM ta tht��t that 8arrower makes suah paymente to the hotder of a priar mortgage or deed of truat ii such hotder la an insdnrtional
<br /> ¢, ; Icn�iv�
<br />-. �' It,Rartower paya Funda to l.ender,the Funds sheD be hetd in an tnatitutFan the depaaks or oceouma of whteh aro Insured or guararneed
<br /> , by e fodza�l�dt state agency([ncluding Loader H Lender la such an inat(tutlonl. Lender aha11 apply the Funda to pay said taxas,assessmenta,
<br /> insu�anno premtums and Around rqrrts. Lsndor may noi charpe for sa holding and apptying the Funds,anatyiing seid eceouM or varifying and
<br />��§, compi��Ed esaesamertts and bilf9,untasa Lende�peye Bonowpr[ntorest on the W nds applieaOte law permha Lemler to malu auaA a ehsrpe. _
<br />_�• , - 8ntrowsr�snd Lender may s�ree in wrlUng ut the t(ma of exaartion ot this Oend of Tnist that intmeat on tAe Wnd�sheU be pnM to Borrowar,
<br />- � `�� end untatita such agreemsM is made or eppltaable lav�requiras sueh fnterest to Gs paid,lamier ahail not be nquhe�l to pay Boaowar any b►4eroat
<br />�%��+%� �_'� or eamfa�ga on the Funda. Lender ahafl gNe to Bcrmuvor,witl�out chargo,an ennual accouMinp of the Funds showts�g credits and dabfaa to tho `
<br /> �,�. Funrla and tha purpoae for whicA eseh debit to the Wnda wos mado. The Funds are p�edged ea eddtdonat seciuity fot tha sums sscurod by thia
<br />± Qead of.Tn�st.
<br /> „ Ifithe amount of the Funda hetd by the Lendor.together wlttf the future monthiy InstellmaMn of Funds payabia pdm to tha due datas oi
<br />�r``'=_��;i�' , pramiums�bt� �d 8��d renta a tl�iey`h,0 du9.�exceaa shetl be, M Bono�rer'a�uopUor►�eithsr prortopUy wp M to 8orrower�ar�atditred to
<br /> % • 9armxrur..an mornf�ly instellrrteMa ot Funds. It the amount of the Funda hefd by ler�der ahail aot he aufRcisr�t to pay tazea,assessmeats,
<br />-+: ;��;•; inruronp8 premiuma artd ground reMe as they faii due,8otrawer shali pay to Londa�any emow�t necessary to make up the deflciency in orro or
<br /> < ,� ., •x;, mara PaYmaMS as Lender may requlro.
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<br /> '� ;i>,:,�:�� Upon paymerrc in tull of alt suma secured by UUs Oeed of Truat,Lender shell promptiy�efund to Borrower any Funds hetd by Ler�der.
<br />"% ���F`��:1� i}�uadar paregraph 17 hereof the ProQerty ts eold a the Rroperty is oEherwise ecqnUed Lender,lender sha0 a
<br /> .,;;�.:,���4� bY PP1Y.no ister then immediately
<br />�c,,�5,4 t : � . p�it�r,ta the ea�e of the Property or Its acqutsitton by Lender, any tunda Aeld by Lender ai the Ume of appticaUon ns a credit ageinst ths Ruma
<br />_;;�:;,��';� . i � • oeaiued EY this Deed of Trust.
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<br /> � � 3. A p p Hc�tlon oi P a y m�n t�. Unless a p Pifeabls law p r ovldes otherwtse, alt pa ymereta rocehre6 b V 1,ender un0er the Note and
<br /> 3rib.,:';±�;i.;;�s�.�1� � � OtpaBraahs 1 and 2 hereof shall de applbd by Lender fi►et in payment of emounta psyabts to LenOer by BoROwer under pan�repA 2 hereof,tfien =
<br />��. ..._'-•;%a ` m�^rte�sst Dayable on the Note.and then to the pNnclpai of the Note. -
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<br />'.`;"��'F;F�;�� 4. Prior 11� Pe p
<br /> ._ ,}r,�• :, a�ay�s�nd D�ed�ot T�usC Charya; Li��. Borrower sheU rfortn ail of 8orrowsr's ob0 atFom uredor any mo►t9ag�,
<br />=�="�,y�'`+�",`�. dead�pf trust ar othen eocurity agreement wNh a lien whieh haa priotity over this Deed of TrwL including Brnower's covenaMs to maks
<br /> "-- payments whert due. Bottower shaii pay or oause to be patd ail taues,aasessmoma snd aUier chtvgea,tinea and tmpositlons ariributabN to ffie
<br />�=��-'u` ' Property whiah may attoin a prfority over this Deed of Trust,and►eesehold paymeMO ot ground re�te,B any.
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<br /> �".%',`�}� "•�`� , 6. Huard tns�xanc�. Banower shetl keep the ImprovamaMe now exUtinp a hereafter ereoted on the RoAertll inswed 8peinst loss by
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<br /> =�'�';'�±:��': � Rre,haiarda fnoludad within the term'extended coverago;end Buch other ha:ards as Lende�may rqquire artd in sud�amou►ns for auch periods
<br />,a�.�`.p�i,,----- � ea l.enda�mey�squUe.
<br />;�.�n,�,�� �� The Insursnce carrier provldMg the insurenae ahett be efwsen by Bonower aubJect to epprovel by Lemler,provlded,thet sueh spprovat
<br />-��c:�e�� ehetl not bo wxaasonobly withheld. Ati Insurance poltdes and ronewais thereof ahatl be tn a form aceepte6le ta lsnEer and shatl inctude s
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