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<br /> 'I'O(3E'TH�i`A�tth �I��the improvements now or hereafter cracted on tho propetty, ■nd ell eaeomenta, riRhv,
<br /> �ppurtenancee �nd ranYe(tubject howover to the riQhts�nd authocities�iven herain to L.�nder to colloct�nd �pply such
<br /> ronts),�II ot which eh��,be jldemal w be�nd rom�in a p�rt of the proparty covered by thie Ih�ed ot'I'ruat;and�11 of the
<br /> toro�oin�, to�ether with sud property (or tha lt�aehold estate if thie Deed af 'Pruet ia on a leasehold) ero heroin�fter -
<br /> relern+d to�e the"Propecty."
<br /> Borcower coven�nta¢h�t Bnrrower ie I�w(ully eeieed uf the rstau hereby convoyed and hes the right to grant and convey _
<br /> the Yroperty, and that the Properiy is unoncumberod ezcept tor encumbrancea ot recard. }3c�rrower coven�nte ttut
<br /> BorroHer warrante �nd xill deiend �nerally tho title to the Property eg�inet all cleims �nd demends, eubject ta
<br /> encumbcancae ot record. ,
<br /> UN1I�'JRM C'OVENAN'I'S.Borroker uid Lender covenant and a�ree as followe:
<br /> 1. P�ymewti of Princip�! and [nterest. HorroMer sh�ll promptly pay when due the principel and intereat
<br /> indebtednees evidenoed by the Note,including any variMtions raeulting from changes in the contract rste, and other
<br /> chu�ae�e pcovided in the Note.
<br /> 2. Funds ior Taie� �nd In�urance. Subject tu applicable law or written waiver by Lender, Borrower sh�il pay to
<br /> I.,ec►der on the day monthly payments of principal �nd intereet are peyable under the Note,until the Note ie paid in full,
<br /> a eum (herei'��d'"� ual to ono-tweltth o[ the yearly tsxea and �menta (including condominium and pl�nned
<br /> unit ckvelopment aseees�ents, if any) ahich may attain priority over thie Deed of Trust, end �round renta nn the
<br /> Property, if any, plue one-twelfth of th�yeazly premium inetellments iur hazard insurance, plue one-tMeltth o[ yarly
<br /> premium iiiatallme�ta iar mort�a�e iru�unnce, if�ny, all ae t+eseonably ostimnted initielly end from time to time by
<br /> Lender on the b�eie ot assassments and bills and rass�nablA eetimate�theroof. BorroNer ehall not bo obli�rted to m�k�
<br /> such paymenta of Funde to I.ender to the ezt�,nt that BorroMer m�lcee such p�yments to the holdar af a prior mcm�a�e
<br /> or deed oi tnist i[such holder is�n inetitutiarul lender.
<br /> Ii BorroMar pays Ftn�da to Lender,the Funda ehdl be held in �n institution the deExieite or acoounte o[ which are
<br /> insured or gurnntoed by a�Fvder�l or etate ngency(inoluding LenBer it Lender ie such�n inatitution).L�r ehall�pply
<br /> the Pw�de to p�y eaid taxos;�eseeementa,iasur�nce premiume�nd�round ra►te.I.ender m�y not chu�e for so holdir►t
<br /> �•pP1ri���F��anslyun�eaid�e�count or veri[yin�and oompilin�e�id aeaeaemente and bille,unlaes Lender p�ye
<br /> BorroMa interest on tho Funda uid�ppliable laW permite Le�der ta make such a char�e. Horrow.n and Ler�der m�y
<br /> a�roe in Nritin��t the time o[exxutio�i of thie Deed of Truet that intec+eet on the Funds ehall be paid w BorroMer,and
<br /> � unlees euch agroemcnt ia made or applicablo I�w requiree such interoet to ba paid, Lender shall not ba required to pay
<br /> Bornotver stiy intetast ar eerninR�on tha Funde. I.eniala shall ¢ive to Bomower.Mit6out charrte.an annual acxauntin¢of
<br /> �'t�xi Punds ehowinQ credita,and debitato tha Funds arid the purpaee tor�vhich ach debit to the Funds M�s m�de.The
<br /> Funds ue pled�ed as sdditional aecurity fa the aume eecured by this Deed of Tn�et. , ,
<br /> It tbe araount ot the Funde held by Lender,wQether with the tuturo monthly it�stallments o[Punds p�yable priar�to
<br /> the due date�ot tuee,aeeessment�, irourinoe premiume and �round renta�ehall e:oeod the�nnount required to p�y said
<br /> fAtrAw �rriwnM �fM1►MI1M M+ww�is�n�� �w�i w'n�M.i M��� �� f1�wv /�1) d��w r��rl� ����M �h�lt 1v� N AnKnrK'. �...a::....
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<br /> e�ther promptly c+epaid to BorroNer a crodited to��orroMer ou monthiy ii�stallme�nte ot Funde. It t�e�mount ot the '
<br /> Funds held by Londer etWl not be cwfticiwt to pey tuHe,�eeeesmonte,insurmve premiume and�round rente se they fall
<br /> due, Borroper ehall p�y to Lender any amount neceesary to makG up the deficiency in one or more p�ymenta ae Lender
<br /> mir require. •
<br /> ''�,. Upon payment in full of all sums eecured by this Deed ot Truet,I.ender ehal promptly rotund to Aorrower my tuade
<br /> held b� Lender. I[ under p�n�raph !7 lbreo[the Property iq eoid or the Property ie otherwiee �oquired b� L.a►der,
<br /> Lende�sh�tt�pp1Y� no later than immadi�taly prior to the salo ai the Property or ite acquiation b�I.ader.an�.P��►de
<br /> 6eld by L.ender�t the dme ot�pplica4as w w crodit a�ainet the suma eecwbd by thia Deed Qi Truet. ��
<br /> 3. Applicatioa ot P+�y�nenti. Unlaee�pplicable law �
<br /> providee othenvise,dl pyments reoeived by Lender ��the
<br /> Nota ud par�pr�pt�s 1,�anci 2 heroot ehall be�ppliod by Lendor tiret in p�pmont ot amounta p�yabic to Le�der by
<br /> Borrowet u�der p+r��raph 2 hereo[, t6en to intabst payable on the Note at�.tbe�pplicable oontsct rate,�nd tl�en to the
<br /> principal aI the�Nota. . .
<br /> 4. Prior Jtiidttp�a and Deecla d�i'rust; Ctuc�et; Lian�. Borrower stull periornct,etl of Bornowa'e oMiptioae ,
<br /> ucder any mort�a�e, deed of ttuet or ot}kr ,aecurit�a�roement aith a lioa Mhich Ma priority over this Deed ot Trust,
<br /> includinZ Borrower'e covenanta to malce p�yments Mhen due. BorroNer st►sll p�y or cauee tu ba paid dl tueo,
<br /> +ressmeate and other cl�u�es, tines uid impoeitions attribuuble to tho Proporty xhich may attain a priority over this
<br /> Deed of Tnxt,and le�eehold p�ymente or�ow►d renta,it�ny.
<br /> S. Has�rd In�urar►ce. Borrower ehall teep the improvemear�ts noR e:iatin� or here�ftec erecDed nn t6e Property
<br /> ine�ued apinst laee by firo, h�zarda includod Mithin the term.�"extended oovera�e." and such other hazarda �e I,�ix1er
<br /> m�y nguire�nd in such amounte�nd tor auch penioda ae Lender`may require.
<br /> The insuru�oe carrier providin� the ineuru�ce shall be choeen by the BorroMer subject to approval by L,ender;
<br /> provided,th�t euch approv�l shall nc�t b� unre�eonaWy�rithhdd.Al! insurance policiee and raneMale thereof stulf bo in�
<br /> [orm aooeptabla to L,ender and�1 inc2vde a etandard mort�o clauee in favor of and in a form aaxptable tn Lender.
<br /> Lc�►der ehall:fisve the right to hold tlx p+olicies end rene�ale thereot,subject to the terma of sny mortgage,dood of truat
<br /> or otha e�curity sp�amens w;ch�iien whch h�e pr9or;ty over�ia i�eed ot Tn�sc.
<br /> In the event of lae�,�ortoMer ehall�i ve prompt nntice to the insursaoe arcier and La�der.I.encjer ittay make proot
<br /> oi loee i[not made promptiy by BorroM�r,
<br /> Unleas Y.enckr uid$orroNer othor�vise�ree in NritinQ,iripurancx proceeeL�sh�ll be applia!to reatoration or rep�fr of
<br /> the Pmpa�ty damaged, i[tho roeWration a rep�ir is eoonomically feaeible tnd Lender's ea:urlty ie not leeeened. If the
<br /> roetoration or repair ia not economic�lly [asible ur Lender's exurity rvould be leeeened, tho inaurana•procoode ahall be
<br /> •pplied to the sume exurod by thie Secisrity Instrument, whethec or not then due, Mith any eioees p�id to �3orroxec. I[
<br /> Borro�rer abu�d�na the Property,or does nut ma�a aithin 30 days a notice from Lender that the insuru►oe car�ia}us
<br /> otterod to xttle a claim, thcm Lender m�y collxt the ineurance proceede. Lender may uae the proceeda to ropair or
<br /> restorro the Property or to pay sums sxured by thia Security Inetrument,whether or not�tl�cn due.Tho 3Q-dsy period wilt
<br /> be�in Mhen the cwtioe ie given.
<br /> It the Prop�rty is ibandnned by Bomo�r+e,or if Horrower taile to respond to I,ender�ithin 30 dsye from the dau
<br /> notive ie mulod by I.ender to BatroMa tlut the ins�r�nce c�rrier o[iere to settle�cl�im for insurance bonefita,I.ender
<br /> ie �utharized to collxt u� apply the irouru�ce proceals at Lcnder's option either ta ra�toration or r�p�ir ot the
<br /> Property or to the sume eecurod by il�ia Deed oE Truet.
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