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<br />"- ""`'". UNIFORM COVENANTS.Borrower And Lender covenant and agree as foll�ws: 1 _
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<br /> ' 1. Payment of Principal and Interest.Bonower shall promptly pay when due the principal an Inte'i� ess _,_
<br />'''`������ evfdenced by the Note and late cherges bs provided In the Note.
<br /> •�'•"�� 2. Funds forTi�xM�nd InwntMCe.Subject to appl�ablo law or a written waiver by Lender,Borrower shall pay to l.ender
<br /> on the day monthly payments of principal and interest are payable under the Note, until the Note Is pald in full,a sum (herein -
<br />_'. _ ,., , ` "Funcis") equa� to one-Mreifth of the yearly taxes and assessments (Inciuding corxlorninlum and plannecJ unit devetopment
<br />-"-�=�� assessments,If arry)wh�h may attain prbrity over this Deed of Trust,and ground rents on th�Property, it any,plus one-twefflh
<br /> -�-., o oi yearly prsmium instaltmonts tor hazard insurance,plus one-twelfth of yearty premium i�stalime�nts(or mortgage insurance,il _
<br /> �:�r:•� Y any,all as reasor►abty estimated Initfally and irom time to timme by Lender on the basis of assessmen!s and bills erxl reasonable
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<br />__�,.,... estimates thereof.Borruwer shell not be obNgated to make such payments of Funds to Lender to the extent that Bor►owex makes
<br />-"`"�,� such payments to the holder of a prior mc>rtgage or doed of trusl N such holder is an institutional lender.
<br />-- -� If Borrower pays Funds to Lender, the Funds shall be held In an institution the deposits or accounts of wh�h are
<br />=_ . insured ar guaranteed by a Federal or state agency(includinc�Lender if Lender is such an institutian).Lender shall apply
<br /> ;� , tha Funds to pay�said texes,assessments, insurance premfums and ground rents.�ender may not charge for so holding
<br />•_ • :, and applying the Funds,analyzing said account or verifyfng and compfling said assessments and bills,uniess Lender pays
<br />�`'=�;;:' � Borrower interest on the Funds and applicable law perrnits Lender to make such a charge.Borrowc�r and lender may agree
<br />-�='`-` -� �• in writing at the time of execution of this�eed of Trust that interest on the Fund�shall be paid to Borrower,and unless such
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<br /> agreement is made or epplicable law requires such interest to be paid, Lender shall not be required to pay Borrowor any
<br />-�=�r;�*��� interast o� earnings on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Fu�ds
<br />=-�- ;,:�.•;. showing credits and debits to the Funds and the purpos�for wh�h each debit to the Funds was made.The Funds are
<br />_ � •` ,• pledged as additbnal security ior the sums secw•ed by this Deed af Trust.
<br />;;:�}�g;;:�•� If the amount of the Funds hcald by Lendar,together with the future monthty instaliments of Funds payable prior to the
<br /> • • due dates of taxes,assessme�ts,insurance premiums and ground rents, $hall exceed the s�mount required to pay said taxes,
<br /> assessments, insurance premiums and ground rents as they 1a11 due, such excess shall be, at Bonowers option,either
<br />-�:E�`� promptty repaid to Borrower or credited to Borrower on monthly installments of Funcis.If the amount ol the Funds held by
<br /> Y:�;'.r;'_ Lender shall not be sufficient to pay taxes,assessments, insurance premlums and ground rents as they fal!due,Borrower
<br />�:^��,•, shall pay to Lender any amount necessary to make up tha deficiency in one or more payments as Lencler may require. -
<br />-��-•=� Upon payment in full of all sums secured by this Deed of Trust,Lender shall promptly rRiund to Barrower any Funds
<br /> r1'rt;'.== • held by Lender.If urxier paragraph 17 horeof the Property is sofd or the Property is otherwise acquired by Lender.Lender
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<br /> __�=,�2� shall apply,no later than immediately prior to the sale of the Property or ita acquisitiai by Lender,any Funds held by Lender
<br /> ��"�'' at the time of appiication as a credit against the sums secured by this Deed of Trust.
<br /> ' �i. A�IIG�aiaM�Vi �j'tTivi,i�.�iiww.'.�N�!!C.°•�+alo I�u��f�yie�lo��1F�nr!!^.5°,$!!�?�ma�rc�su�c,(ysxl hv l;ander under the
<br />-�::�;�_s�1 x+ Note and paragraphs 1 and 2 hereof shall be applied by Lender first in paymeM of amounts payable to Lender by Borrower
<br /> under paragraph 2 hereof.then to interest payable on the N�te,and then to the principai ot tt�e Note.
<br /> -���';;r',,�"-� � 4. Prior�AortQaqes�nd Deeds of Tirust;Charges;Llen:.Borrower shail per(orm all of BoROwer's obligalions ur�der
<br /> ---=_° any mortgage, deed of trust or other security agreement with a lien whfch has priority over this Deed of Tr�st, including
<br />���`��� Borrowe�s covenants to rnake payments when due. 6orrower shall pay or cause to be paid all taxes. assessments and
<br /> -=�� other charges, iines and impositfons attributaWe to the Property which may attain a priority over this Deed of Trust, and
<br /> — =�'LL=� leasehold payments or ground rents,ii any.
<br /> =`=5-�� S, Hazatd Insurarrce. Borrower shall keep the improvements now existing or hereafter erected on the Property
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<br /> - -. Insured against loss by tire,hazards included within the term"extended coverage",tlood and such other hazards as Le r
<br /> -'"`�b``°� may require and in such amounts and tor such periods as Lander may require.
<br /> ""�'� The insurance carrier providing the insurance shall by chosen by tbrrawer subject to approval by Lender, provided.
<br /> ..,,�.�r:,;�� . that such approval shall not be unreasonably withheld. All insurance policies and renewals therEOf shall be in a fam
<br /> """'''•����� acceptable to Lenci�r and shall include a standard mortgage clause in favor of and in a form acceptable to Lerxier.Le�
<br /> - �°`�' shal!have tho rlght to hold the policies and renewals thereof,subject to the terms of any mortgage,deed of trust or other
<br /> —:��f`�wI security agreement with a lien which has priority over this Deed of Trust.
<br /> _ ��_-��• In the event of loss, Bosrower shall give prompt notice to the insurance carrier and Lender.Lender may make proot of
<br /> -� ;.;-=�;� loss if not made promptly by Bo�rower.
<br /> i:.�� If the Properry is abandoned by Borrower,or if Borrower fails to respond to Lender within 30 days from the dato notice
<br /> -�-�`,�� is mailed by Lender to Borrower that the insurance carrier offers to settle a ctaim for insurance benefits, LerKihr fs
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<br /> - authorized to collect and apply the insurance proceeds at LendePs optian either to restoration or ropair o t e rope or
<br /> �'�� to the sums secured by this Deed of Trust.
<br />—���:, 6, preservation and Yaintenance of Property; Leasehotda; C��idominiums; Plannad Unit Developments-
<br /> -��^�r4 Borrower shal!keep the Property in good repair and shall not commit waste or permit impairment or deterioration af the -
<br />-- - ' Property and shalt comply with the provisiuns of any lease if this Deed of Trust is on a leasehold.If thls Deed of Trust is on
<br /> � • a unit in a condominium or a ptanned unit developrnent, Borrower shall perf�rm all of BorrrnnrePs ot�ligations under the
<br /> declaration or covenants cre�ting or governing the condominium or plannec!unit devolopment,the bylaws and regutations
<br /> of the condominium or planned unit development,and cons4ituent documents.
<br /> 7, protact9on of Lender's Security.If Borruwer faila to perforrn the covenants and agreernents conWined in chis
<br /> Deed of Trust,or if any�ction or proceeding is commenced which materialty atfects Lender's interest in the Properry, then
<br /> • Lender, at Lender's option, upon notice to Borrowor, may make such appearances, disburse such sums, includ�ng
<br /> reasonable attorneys'fees,and take such action as is necessary to protect Lender's interest.If Lender required mortgage
<br /> � insurance as a condition of making the loan secured by this Deed of Trust, Borrower shall pay the premiums required to
<br /> maintain such insurance in effect until such tirne as the requirement for such insurance terminates in accordance with
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<br /> o,....,,...e.�� �.,.� i o„�ar� w��ttan anraament or aoolicahle law.
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<br /> „ Any amount�disbursad by Lender pursuant to this paragraph 7, with interest thereon, at the Note rato,shall become
<br /> additional indebtedness of Borrower secured by this Deed ot T'rust.Unless Borrower and L�nder agree to other terrns of
<br /> paymont, such amounts shall be payable upon notice firom Lender to Borrower requesting payment thereof. Nothing
<br /> contained in this paragrapl�7 shall requir�Lender to incur any oxpense or take any action hereunder.
<br /> � 8. Inspection.Lender may make or cause to be made reasonable entries upon and inspections of the Properry, ;
<br /> provided that Lender shall give Borrower notice prior to any such inspectian specifying reasonable cause therefor re!ated
<br /> � to Lender's interest in the Property.
<br /> 9. Cortdemnatlon.The proceeds of any award or claim for damages,direct or consequential,in connection with any
<br /> condemnation or othor taking of the Property, or part thereof, or for co�veyanc� in lieu of condsmnation, aro hereby
<br /> assigned and shall oo paid to Lendar,subject to the terms of any m�rtgage,deed of trust or other security agreementwith
<br /> a lien which has priority over this Deed of Trust.
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