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<br /> TOGETHER with all the improvements now or hereafter erected on the property, and all
<br /> easements, rights, appurtenances and rents (subject however to the rights and authorities given
<br /> herein to Lender to collect and apply such rents), all of which shall be deemed to be and remain a
<br /> part of the property covered by this Deed of Trust; and all of the foregoing, together with said
<br /> property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter referred to
<br /> as the "Property";
<br /> TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note
<br /> dated 11/5/2015 and extensions and renewals thereof (herein "Note"), in the principal
<br /> sum of U.S. $25,259.00 , with interest thereon, providing for monthly installments of
<br /> principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable
<br /> on 11/20/2021 ; the payment of all other sums, with interest thereon, advanced in
<br /> accordance herewith to protect the security of this Deed of Trust; and the performance of the
<br /> covenants and agreements of Borrower herein contained.
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has
<br /> the right to grant and convey the Property, and that the Property is unencumbered, except for
<br /> encumbrances of record. Borrower covenants that Borrower warrants and will defend generally
<br /> the title to the Property against all claims and demands, subject to encumbrances of record.
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal
<br /> and interest indebtedness evidenced by the Note and late charges as provided in the Note.
<br /> 2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender,
<br /> Borrower shall pay to Lender on the day monthly payments of principal and interest are payable
<br /> under the Note, until the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the
<br /> yearly taxes and assessments (including condominium and planned unit development
<br /> assessments, if any) which may attain priority over this Deed of Trust, and ground rents on the
<br /> Property, if any, plus one-twelfth of yearly premium installments for hazard insurance, plus
<br /> one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably
<br /> estimated initially and from time to time by Lender on the basis of assessments and bills and
<br /> reasonable estimates thereof. Borrower shall not be obligated to make such payments of Funds to
<br /> Lender to the extent that Borrower makes such payments to the holder of a prior mortgage or
<br /> deed of trust if such holder is an institutional lender.
<br /> If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or
<br /> accounts of which are insured or guaranteed by a Federal or state agency (including Lender if
<br /> Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br /> insurance premiums and ground rents. Lender may not charge for so holding and applying the
<br /> Funds, analyzing said account or verifying and compiling said assessments and bills, unless
<br /> Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a
<br /> charge. Borrower and Lender may agree in writing at the time of execution of this Deed of Trust
<br /> that interest on the Funds shall be paid to Borrower, and unless such agreement is made or
<br /> applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any
<br /> interest or earnings on the Funds. Lender shall give to Borrower, without charge, an annual
<br /> accounting of the Funds showing credits and debits to the Funds and the purpose for which each
<br /> debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br /> by this Deed of Trust.
<br /> If the amount of the Funds held by Lender, together with the future monthly installments of
<br /> Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground
<br /> rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums and
<br /> ground rents as they fall due, such excess shall be, at Borrower's option, either promptly repaid
<br /> to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br /> held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground
<br /> rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the
<br /> deficiency in one or more payments as Lender may require.
<br /> Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund
<br /> to Borrower any Funds held by Lender. If under paragraph 17 hereof the Property is sold or the
<br /> Property is otherwise acquired by Lender, Lender shall apply, no later than immediately prior to
<br /> the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br /> application as a credit against the sums secured by this Deed of Trust.
<br /> 3. Application of Payments. Unless applicable law provides otherwise, all payments received
<br /> by Lender under the Note and paragraphs 1 and 2 hereof shall be applied by Lender first in
<br /> payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br /> payable on the Note, and then to the principal of the Note.
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