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1 �
<br /> � �.a1140
<br /> - — �--��-- � UNIFORM COUENAN7S.@orrower and lender cove�ant and agrea as toibws: ���
<br /> 1. Payrr�nt ot Pttncip�l and Intfr�at. Bnrrower shall prar�ptiy pay when due thQ principa!ot 8n� interest o�the �
<br /> . mdebtednessevidencsdbytheNote.prepa mentandlatechargesa�sprov�deJintheNote.andthspr��ra:p�tnisndintereston
<br /> s
<br /> any Future Advances secured by the Q o/Trust
<br /> 2. FundstarTaz�sandtn�uranee.Subj'ecttoapptica6telaworiaawrittenwaiverbyLender,Borro�►�3�haltp�ytolender
<br /> on tAeQay monthty instaiimenb of Rfincipat and interestare payabte uad8r the Nate,untii theNoieis p�ydi ntuSi,a sum(herein
<br /> "Funds")equaf to one-twelftt�of the yea�(y taxes an�assessments which may attain�rriority over this[Deed ofi 7rust,artd
<br />— groundrentsontneProperry.ifany.ptusone-tweiithofyaarlypramiuminstallrtrer.tsfarhazardirtsuran�r.�.plusane•tweHMof
<br /> yea�ly premium instalim�nts!or mortgage insurance,if any,ati as rQasonably estimated initialty an�itsm time to time by
<br /> Lender on the basis of assessments and foiNs artd reasoRabte estimates tttareof.
<br /> — The Funds shall be hetd tn an institutionthedspositsoraccounts�twhicbars insured ar guaran%e�d.bya Federal ar state
<br /> agency(Fncluding Lender if tender is such an instituhonj.Lender shaN apply the funds topa y saz�i taues,assessments,
<br /> insurance premiumsand ground rents.Lender maynotcharga[arso hotding and appfyirtg the Funds.anapyr;ng saidaccount
<br /> orverityingandcompilittgsaidassessmenisandbi[fs,un[essLenderpays8orrowerinterestonthaFu�4�Bandap�ficeblelaw
<br /> permits Lenderto make such a charge.8orrowerand lender may agree�n writirtgatthetime af exece�u�nolthi�DeedofTrust
<br /> that interest on the Funds shail be paid to BoRawar.and uniess sucb agreement is made orap�licaibs taMrrequires such
<br /> interest to be paid,Lertder shatl not be required to pay Borrower any interest or earni�gs on the Funss.Lender shall give to
<br /> Borrower,without charge,an annual accauniing of the Furtds shawing credits and de6its to the Fun�B and the purpose for .
<br /> wfiich eact�debit4o the Funds was made.The Fundsare pladged as additional securitytorthe sumssecurest ByMis Oeed of �
<br /> Trust
<br /> It the amovnt of the feinds hetd by Lender,togather with the future monthly installments of Fursds paya�'"e prior ta the due
<br /> dates of taxes,assessments. insurance premiums and grnund renta,shail exceed the amount required to pay said taxss. . .
<br /> assessments.insurance premiums and ground rentsas they fall due,such excess shati be,at Borrowe�s option,either
<br /> promptly repaid to Qorrawer�r credited ta Borrower un rnonthty insinllments af FuRds.lf ths amaunt o1 the Fun�s hetd by � �
<br /> � Lendersha0notbesufticienttopaytaxes.as�essments,insurance$rr�rr,,umsand ground�entsasthsytatldue.Borrowershall
<br /> pay to Lender any amou�t necessary to malce uR the detictency w:�?�.r:30 days from the date notice�s mailed by Lender to �
<br /> Borro�cer requesting payment thereot
<br /> Upon payment in full of all sums secured by this aeed of 7ru�t,l.ender shall prVrnTily refund to Borrowe�any Funds hetd by
<br /> Lender.If under paragraph 18 hereof the Property is sold orttte Pronerty is otherwise acquued by Lendsr,l.ender shalt appty,
<br /> nolaterthanimmediatetypriortothesaleofthePropertyoritsacatuisitiarabyLender,andFundshetdbyLenderatthetimeof
<br /> apptication as a credit against the sums secured by this Deed of 1'n�st.
<br /> � 3. Applkation of Paymereb.Untess applicabts law�rovid�s c�Ys��:wise,ail payments received by�endet under the Nofe
<br /> and paregraphs t and 2 herc��shall be applied by Lenaa.�;Er*.,�!�;^�,ayment ot amount3 payable to Londer b/Bfl�rower under
<br /> paragraph2hereof,thento:�sS��.stpayableontheNarg°SrR�theprinc�paloftheNote.andthentoint8rctsland,�rmcipalon
<br /> any Future Advances. " �
<br /> 4. Chsrq�s;U�ns.Borrawersshaltpa��x�lfax�s:a,.ss�ssmentsandothercharges,finesandimpasitiansaY.ributabletothe °� �
<br /> Rroperty which may attain a prioriry over•�;s a�t�?Tn�st,and leasehotd payments or ground rents.it any.in the rteanner .
<br /> provided under paragraph 2 hereof or,if:�s�Faid ir�uc�h mannsr,by Borrower making paymenL when due,directty to the ,
<br /> payee thereot,Borrower shall promptly turnish to L��ds.r all nottces oi amounts Aue under this paragrapb,and in the event �
<br /> Borrower shalt make payme�t directty,.8orrower s'�a�: promptly furniah to Lertder receipts evidensirsg such payments.
<br /> Borrower shall romptly dtsc�arga any iien which haa prrarity over th�s Deed o}TrusX prov�ded,that Sorrower shall not be
<br /> requiredtodiscRargeanysucht�ensolongasBorcowershallagreeinwritingtothepaymentoftheobligati4nsecu�edbysuch . •
<br /> lien in a manneracceptableto Lendor,or shatl in good faith contest such lien by,or detend enforcementot such lien in,legal .
<br /> proceedlrtgs which operate to prevent the eniorcement oi the Hen or farteiture oi the Property or any p�rt thereof. . .
<br /> 5. Nszard Insuranee.Bor�ower shaf►scc-ep th�improvamento now existing or hereafter ereeted on ths Properry insured r
<br /> against loss by fire,hazards is�clude�within the ter�r'g::2sndad coverage",and such other hazards asl.ender rnay reqwre � '�
<br /> and ira such amounts and for�:,ch periods as Lender nav tequi�e;provided,th=Lender shall rtot rttguitA ttt3t the emount o} `�•`{n:
<br /> - � such coverage exceed t3�a��nount of coverage req�cina�to pay the aums sec�4-r�by this�eed af �rust � . - s
<br /> This insurance carrier prctiiding the insuranCe sha11 be Chosan by 9orrow�r;;,.�jectto ap r�val by Letidr,r;proviQed,that
<br /> _� such approval shait not be urreasonabl� �,,;�►�eld.All premiuma an ms�r2:�;�Goiicies shall��paid m ttls rr�nner prov.dsd
<br /> under paragraph 2 hereaf cr ?�not paid��sach manner,by Borrowe:rnahing�-zymont,wt�cn du�.direcliy�lo the insu�aak;e
<br /> carrler.
<br />_ Atl insurance policies�,�.n.newals thereof shall t�e in form aaasptable to LE~dcr an��"-��.i--;tu�e a�.sndard mortgage i�
<br /> c0ause in favor ot and in form�cceptabte to Lender.Le�d er shal!have the right t�(7.c���t�e Gc'_�:?::�3 and�en��oel3thereof,and
<br /> Borrowersht�UpromptlyturnishioLenderallrenewai;,oti�esandallreceiptaoipaidprem;li:r.�.1�,atheeventolfoss.Borrower ' ; _
<br /> shall give prompt notice to the insurance carrier and Lender.Landar mny make proof of loss�f rar,r•±ade promptly by Borrowe�. -
<br /> UnlesslenderandBorrowerotherwiseagreeinwriting.lnnurance prcceedsshallbeap;,'���.:�restoraZionorrepa�iofthe '
<br /> Properry damaged,provided such restoration or repair is econom�cally fenaible ard the sec��r!r:�of ihis peed of Trust is not ��.�
<br /> thereby impaired.If such re�'pration or repair is not eZC�nomiGAlly t�au►ble o�rt tf��vscurity o4 this Deed of Trust would be %.:°•
<br /> impaired.the�nsurance pra�s�ds shall be applied to�tP��sumA socured by this Der:•�of Trust,with the exces3.i1 any,paid to ;;;<�:t`r_
<br /> Borrowar.II the Property isal�.=;�doned by Borrower.or if Barrn�ver failu to re�pond to Lender within 30day�from the date ����{j:'•.
<br /> notice is meited by Lender t�Horrowar that the insurance carrior,olters to serite e claim tor tnsurance bEnefits,Lender is •
<br /> authorized to coltect and a�ply the insurz,�ce proceeds at Lendtrc'b uptlon either to restoratio�or repair o!the Property or to
<br /> the sums secured by this eed ot Trusa
<br /> Unless Lender and Borrowe�o2herw�se a�rae in writing,any such appllcetion of proceedsto princiµal shall notextend or
<br /> postpone the due date of the monthly ins+al►ments relEr,-�d to in p���agrr�pha 1 and 2 hereof or change th9 amount ot such
<br /> instaltments.ft under paragraa►�18 hereof the Propert���ia acquired by Lendur,a�i r��:1�2,tltle and intereat of Borrower in and to
<br /> arsy insurence polieies and�n and to the proceeds therr�w,rdsulting from damage to t�}re Proparty priorto the sale or acquisiUon
<br /> shelt pass to Lender to the extent of the sums securcd�y thi9 Deed ol Ttu91�mmediately prior r.a such sate or acqu�sition.
<br /> 6. Pt�s�tvatlonandMalnt�nanceolPrap�rty;Lea�foldr;G�sd��minlum�;Plann�dUntll�veiopm�nt�.Borrowershall
<br /> r keep the Properry In good ropair and shall not commit w.�ste or���:i4 imNairment of deterior�,lics��oi the P�operty and shall
<br /> comply with the provisions ot any leaso illhis Deed oF Tntst is on a leasehold.H this Deed of Truct i�3ar►a unit in a condominium
<br /> or a pranned �nit Aevelapment,Barrower shall perfann.ell ot 8orrower's obliget�or.s���er k'�a dec!2ratlon or covenants
<br /> � creating or�overning the condominium or planned umt 8evelopment.the by-Ir��w,a:r9 re,au��:.`.:ans of;4t�condominium or
<br /> ptanned umt devetopmenf,and constituent documents.li a co�dominium or plar,neC u�ii d�svc:,�pment rider is excuted by
<br /> Borrower and recorded Soc�ether with thls Deed of Trust,the covenants and a�Qreements of 3ucl�rider sha►i be inaorporated
<br /> into and shell amend and supplement the covenants and agreoments ot thia Daed ot Trust as N tho rider were a part herepl.
<br /> t. Prot�cUon o1 Ltnder's S�curity.118orrower fails to periorm the covenant3 artd agreements coni�iited in this Qaed o1
<br /> T�ust.or if any actian or praceeding is commenCed with materl�l�y aNeCts Lender`s interest in the P�o,�srty,irtctuding bul no1
<br /> limitedto,em�nentdomain,insalvertcy,codeenTorcemen�orarrengementoorpreceedingsinvolvingaban9:ruplordecedent _ _ _ _ __
<br /> then Lender at lender's opUon,upon notice to Borrower,may make such appearances,disburse sucF�s�ms an8 take such " �
<br />. actionasisnecessarytoprotectlender'sinteres�including,butnotlimitedto,diubursementalreasonar'9ettorney'steesand '
<br /> antry upon the Property to make repalrs.If Lender required mort�ag4 insu�c�nce as a rondition o1 makin�th��toan secured by
<br /> th�aeed Ot Trust,Borrower sha�l pay!he premiums required to m�lint�in such insurance irt effoc!unti�suCh time as the
<br /> requirem@nftorsuchinsurancaterminatosinaccordanCewithBor�uwdr'sandlender'swrittonagreem•9ntvrappSicatbelaw.
<br /> Borrower shall pay the amount ot all mortgege insurance permiums in the manner provided under p3�eglaph 2 hereof.
<br /> Any amourrts disburse� by Len�er pursuant to tfiis paragrt�pn 7, with interest therean, snarF cr�a�ams auoitronat
<br /> iredebtfdness ot i3orrowor secured by this Ueed o1 Trust.tlnless 8arrawer and Lender egree to other torms of payment,such ,�
<br /> amounts shall be paynbte upoM notico trom Lender to Bo�rower requesting paymenl hereof,an0 sh�l:bea�in:oresl trom fho ��
<br /> � dateotdisbursemenbefther&tepayabtefromtimototimaonautst�ndih�princip�lundertheNOtaun'assp.�ymentofint�rest
<br /> bt such rete would bo contrary to applicabte law, in which event such �mounts shall bear �niere�9 F�t!h9 h;�hpst r�to
<br /> permissitrto under e�rpticabte taw.Notfn ng co�tained in th�s paragrf�ph 7 sfiall roquirv 1_ender to incu r�n�px!p�nso ot tokv any �fi�
<br /> � act�on Itereunder r��
<br /> ! !. 1nsp�Gtbrt.Lend�r may m�ke or cause to bt�made reasonabte entnes upvn at�d mspections o!t`+�?�'to����tp.pruvrded ��f
<br /> that L�ndorshnll�rvd E3onower r�ot�ce�,s��r ta a�y such�n,p�t;►�Un�peC�tyinO tf��stmubte C�use the►E�facp r���ted t�LE v�9!��'s r
<br /> �v►terost�n tho P�operty -
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