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<br /> UNIFORM COVENANTS.Burrower and Lender covRnanl and agree as tollows: �70�O��� ��
<br /> � 1. PaYm�nl of P�inelpa) and Inter�ft. Barrower shall promptly pay when due the pri�cipAl ot and intarest on the
<br /> inde5tfidRessevldencsdbytheNote,p�repaymentandlatechargesasprov�dc3dlntheNote,andiheprEncipalotandlntereston
<br /> any Futura Advance�secured by q�e Deed ot Trust.
<br /> � �, F�n�h[or T�xM�nd ln�uane�.Sublect to appllcable�aw or to 8 written weiver by Lender,Borrawe�►ahall pay ta lender
<br /> � on ii�e day moniiiiy insiaiimenis vi pTi�wipai ana intd�es��re paya�ia unue�ii�e ivvir,unu►�iie i�Ioie is paio in iuii,a sum�i�erein
<br /> "Fund�")equai to one-twelfth at the yearly taxas and assesaments which may attain prlority over this peed of 7rust,and
<br /> g�ound rent�on the Ptaperty,it any,plus one-twetfth of yeariy premium installments for hazard insurance,plus one-twelfth of
<br /> � yearly premium installmenb for mortyaye insurance,if any,all as reasanably estimated initially and irom time to time by
<br /> I.ande�o�the basis of asaeaamenta and billa a�d�easo�able estimates thereof.
<br /> The Funds shall be held in an Institution the depos�ts or accounts of which are insured o�guaranteed,by a Federal or state
<br /> agency(Including Lende�11 Lender ia such an institution). Lender shall apply the tunds to pay said taxes,assessments,
<br /> insurance premium�and p�ound�ents.Lender may not charge for su holding and applying the Funds,analyzing said account
<br /> or veritylap and compilin�sald aaaesaments and bills untess Lender pays Borrower interost on the Funds and appticable law
<br /> permits Lender to make auch a cha�ge.Borrowe�and tender may agree m writing at the time ot execution of this Deed of Trust
<br /> that inta�est on the Funda shalt be paid to Bo��ower,and u�less such ag�eement is made o�app Ucalbe law�equires such
<br /> inter@st to be paid,Lender shell not be Pequired to pay 8orrower any inte�est or earnings on the Fu�ds.Lende shall give to
<br /> � Bor�ower,without charqe.an annual accounting ot the Funds showing credita and debits to the Fu�ds and the purpose to�
<br /> whlch each debitto the Funds was made.The Fu�ds are pledged as additlonal securi9y for the sums secured by this Deed of
<br /> Trust.
<br /> U the amount of the tunda held by lende�,together with the Tuture monthly installments of Funds payabte prlor to the due
<br /> dates of taxes,assessments,insurance premiums and ground rents,shali oxceed the amount required to pay said taxes,
<br /> assessments.insurance premiuma and ground rents as they fall due,such excess shall be,at 8orrower's optian, either
<br /> promptly�epaid to 8orrowe�o�credited fo 8or�ower on monthly installments oi Funda.If the amount ot the Funds held by
<br /> Lendershallnotbe�ufllcieMtopaytaxes,assessments,insurancepremwmsand groundrentsastheyfalldue.8or�owershafl
<br /> pay to lender any amount necessary to make up the deficiency w�th�n 30 days from the date notfce is ma�led by Lender to
<br /> Borrower�eque�ting payment thereot.
<br /> Upon payment in full of aN sums secu�ed by this Deed o1 T�ust,Lender shall promptty refund to 6orrowe�any Funds held by
<br /> Lender.If undor pa�ag�aph 18 hereof the ProperN ia sold orthe Property isotherwise acquired by Lender,Lender shall appl�.
<br /> no later than immediately p�io�to the sate ot the P�operty or its acqulsit�o�by Lender,and Funds held by Lender at the time of
<br /> application as e credit ayainst the sums secured by this Deed of T�ust
<br /> 3. Appqcation Of Ps n�N1b.Unless applicable law provldes otherwise,aIl payments receivod by Lender under the Note
<br /> and paragraphs 1 and 2�ereof shall be applied by Lender fi�st in payment of amounts payabte to Lender by Borrower unde�
<br /> paragraph 2 he�eof,then to interest payable on the Note,then to the principal of the Note,and then to interest and principal on
<br /> any Future Advancea
<br /> 4. Cha►�q;Li�ns.Borrowers shall pay ail taxes,assessments and oti�er charges,fines and impositions attributable to the
<br /> ' Property which may attaln a priori�over this Deed ot Trust,and leasehold payments or ground rents,it any,in the manner
<br /> prpvided under pa�agraph 2 he�eo or,ii not paid in such manner,by Borrower making payment,when due,d��ectly to the •
<br /> . �ayee thereof.Bor�ower shall promptly fur�ish ta Lende�all notices of amounts due under this paragraph,and in the event
<br /> rrower shall make payment directly. Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br /> __ _ _ Borrower shall promntly discha�ge any lien which has Qrioriry over this Deed of Trusk oravided,that Bnrrower chAll n�t he, .
<br /> requi�ed to discharge an such leen so long as Borrowe�shall agree in w�iting to the payment of the obtigation secured by such
<br /> = ii6�i i�i�i�iairiiei 8ccnyw�i6 iv�ni�u'6i,vr Siraii ii►yvuu'�niiii cufliesSi 5ucii iin►i oy,ur civi�snd anior�emeni of sucn iien in,iegai
<br /> proceedings which operate to prevent the entorcement oi the iien or forfeiture of the Property or any part thereol.
<br /> 5. HszlM InsupnC�.Borrower shall keep the improvements now existirsg or hereafter erected on the Properly insured
<br /> against los�by iire.hazards i�cluded within the term"extended coverage",and such other haza�ds as Lender may require -
<br /> and m such amounts and for such perioda as Lender may require;provided,that Lender shall not require that the amount of -
<br /> such coverage exceed that amount o1 coverage required to pay the sums secured by this Deed of Trust • _
<br /> This insurance carrie�p�oviding the insurance shall be ch.osen by Borrower subject to a�proval by Lender;provided,that �
<br /> such approval shall not be unreasonably withheld.All premiums on insurance policies shall be paid�n the manner provided '
<br /> under paragraph 2 hereof or,if not paid ln such manner,by Borrower making payment,when due,directty to the insurance
<br /> carrier.
<br /> All insurance palicies and�enewals theraot shall be in form accepiable to Lende�and shall include a standard mortgage ;
<br /> clause in Tavor otand in torm ecceptabte to lender.Lende�shall have the nght to hold the policles and renewals thereof,and �
<br /> Borrower shall promptly furnish tp Lenderall renewal notices and all receipts of pa�d premiums.In the event of loss.Borrower
<br /> shall give prompt notice to the insurance carrler and Lender.Lender may make proot o1 loss if not made promptty by Borrower. :
<br /> Unless Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or�epair of the � �
<br /> Property damaged.provided such restoration or repair is economically feasible and the security of this Deed of Trust is not
<br /> thereby impaired.lf such restoration or�epair is not economically feasible or if tne securiry of this Deed ot Trust would ba • �
<br /> impaired,the insurar+ce proceeds shall be applied to the sums secured by this Deed of Trust,with the excess,it any,paid to t.~
<br /> BoROwer.If the Properry is abandoned by Borrower,or if Borrower tails to respond to Lender within 30 days from the date
<br /> notice is mailed by Lender to Borrower that the lnsurance carrier oifers to settle a claim for insurance bene}its.Lender is
<br /> authorized to collect and apply the insusance proceeds at Lender's option either to restoration or repair of the Property or to � �
<br /> the sums secured by this Deed o1 Trust
<br /> Unless Lender and Borrower otherwise agree in writing,any such application ai procesds to principal shall not extend or •
<br /> postpone the due date of the month�y installments�eterred to in paragraphs 1 and 2 hereof or change the amount of such �
<br /> mslallments.lf under paragraph 18 hereoithe Property is acquired by Lender,all right,titte and interest of Borrower in and to '
<br /> any insurance policies and in and to the proceedsthereof resulting from damage tothe P�operry prior to the sale or acquisition
<br /> shall pass to l.ender to the extent of the sums secured by this Oeed ot Trust�mmediatety prior to such sale or acqwsition.
<br /> 6. Pr�sKratbn aed MaietM�ne�of Property;L�asaholds;Condaninlums;Rlsnn�cl Untt D�vNopm�nb.Borrower shali
<br /> keep the Properiy in good repair and shall not commit waste or permit impairment oi deterioration o1 the Property and shali
<br /> compl�with the prowsions of any lesse itthis Deed of Trust is on a leasehofd.If this Oeed of Trust is on a unit in a condomimum
<br /> or a p anned unit devetopment Borrower shali perform a11 oi Borrower's obliaations under the dec�arafion or covenants
<br /> creating or governing the condominium or planned un�t development,the by-taws and regulations o}the condominium or
<br /> planned unit devetopment,and constituent documents.If a condominium or planned unit development rider is excuted by
<br /> Borrower and recorded together with this Deed of Trust,the covenants and a reements of such nder shall be incorporated
<br /> into and shafl amend and supplement the covenants and agreements of this�eed of T►ust as if the rider were a part hereof.
<br /> 7. Prot�etion ot L�ndK's S�cu�ityr.If Borrower fails to pe�torm the covenants and agreements contained in this Deed of
<br /> Trust,or i1 any action or proceeding is commenced with materialty affects l.ender's interest in the Property,including but not
<br /> limited to,em�nentdomain,insolvency,code eniorcement,or arrangements or proceedings involving a bankrupt or decedent.
<br /> then Lender at Lender's option,upon notice to 8orrower,may make such appsarances,d�sburse such sums and take such
<br /> action as is necessary to protect Lender's interest,including,but not limited to,disbursement of reasonabts attorney's tees and
<br /> entry upon the Property to make repairs.N Lender required mortgage insurence as a condition of making the loan secured by `� -�
<br /> the Deed of T�ust BOrrower shall pay the premiums reqwred to maintam such insu►ance in eifect until such time as the '
<br /> requirementfar such insuranCe terminates in accordanCe with Bor►ower'sand Lender's written agreement or applicalbe Iaw.
<br /> -- Borrower shall pay the amount o1 all rt�ortgage insurance permiums in the manner provided under paragraph 2 hereof. '
<br /> Any amounts diabursed by Lender pursuant to this paragraph 7, with interest thereon, shall be�ome additional
<br /> � indebtedness of Bortower secured bythis Deed of Trust.Unleas Borrower and Lender agree to other terrr�s oi payment,such •
<br /> amounts shall be payabl�e upon�o;ice iro�m�enmo to tr.ie on We�^eq�esti^g,payment he'evf.�o esunless payment o4 in erest �
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<br /> � at suc� rate would be contrary to applicable taw, in which event suc�i amounts shall bear interest at tl�e highest rate �
<br /> permissible under appliceble law.Nothing contained in this par8graph 7 shall require Lender to incur any expense or take�ny �
<br /> action hereunder.
<br /> a. Insp�Ctbn.Lender may make or cause to be made reasonable entnes upon and�nspect�uns ot the Property,provided �
<br /> � that Lende�shall gwe Borrower notice pnor to any suCh�nspect�on spec�fying reasonable cause thdrefore relatvd to Lend�r� ti
<br /> mte►est�n the P�operty tO(
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