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<br /> UNlFOAM COVENAb17S.Borrower and Lersder cavenant and agres as iptiows: '
<br /> � S. ParnNnt o! PtfncipN and fnt�f. 8orrower shall promptfy pay when due�the princi�sal oi and mtsrest on the
<br /> +ndebtednessevidencedbyth�Note.p_repaymentanalatechargesaspravr�ted�nth�tVote,andlhepnnCipalofartdintereston _
<br /> sny Future AdvartFes secured by t�e oeed of Tnsst
<br /> �- �u�lslsto�Tlxlss�dMws�lCl.Su�jecitaapplicalslataurartoewrittenwaiveebytender,Borrowersfiaripaytolender
<br /> an the day mortthly installmenb of princtpat and interestare Raya�t$under tt�e Nate,untit the Note is p3id In tecil,a sum(herein
<br /> "F�rtda'�equal!o one-twef(th oi the yeariy taxes and assessments which may attain priarity over this beed of trust,and
<br /> graundrentsontheProFerty.ilany,plusorte-twelfthofy8artypremiuminstallmentstorhazardinsurance.plusone-twelfthof
<br /> yearly premium installrt�nts tor martgage insurance,if any,alt as reasonabty es6mated initialiy and from time to time by
<br /> Lender on the basis ot essessrttenb and biils anc!reaspnabla estimates thereof.
<br /> _ The Funds shatt be helQ in en institution the depaaits oraccounts of whiCh are itissured or guarantesd,by a Federai or state
<br /> apency�inctudirrq l�ender if tender ia auc►�an insUtution).I.ender shatt apply the tunds to pay said taxes,asses�ments,
<br /> — insurertcepremiumlandgroundrenb.LendermaynotChargeforsoholdingandapptyingtheFunds,analyzingsaidaccount
<br /> orverifyinQandcompiitngsaidessessmentsandWlts.unlessLenderpays8orrower�nterestonthe�undsandappltaa6tsiaw
<br /> permit8 L,ender to make such a charge.Barrower andl.en�er may agree�n writing at the time o9 execution of this Deed of Teust
<br /> . that in•.erest on th�Funds shati be paid to Borrarrer.and unls.�s such agreement is made or ap licalbe law requires sucR
<br /> inierest to be psi�l,et�der shali not be requi�ad t�n pay Borrower any intarest or earrtings on the�unds_Lender shali give to
<br /> BQrrower,wlthoutch�rgo,an annual accou�t�ng ofths Funds showi�g cred�ts and Qebits ta+Js�Funds and the purpose tor
<br /> which each debitto ths Funds was made.The Funds are pledged asadditionaf security tar the sums secured by this Qeed nf
<br /> Tnist
<br /> iffhe amount ot the funds h�d by Lender,together vr�w„the future monthly instd"ments ot Funds payabte prior to the due
<br /> dafles of taxes,assessments,insurance premiums aet��und rents,shall excec-�`he amount required to pay said taxes.
<br /> assessm�nts,insurance premiums and gmund�enis�s they falt due,such excess shaii be,at Bnrrawer's opt�on,either
<br /> promptly repaid to QoROwer or credited to BoROwer en monthly instaliments of Funds.If the amount of th�Funds held br
<br /> Lendershallnotbesufficisnttopaytaxes,assessments,insurancepremwmsartd groundrentsastheytalldue.6orrowersha!
<br /> pay to Lender any amount neces�ery ta make up the deficiency with�n 3p days from the date notice�s maited Gy Lender to
<br /> � BOrraerer requestin9 PaYment thereof. �
<br /> llgi�n payrtsent ln full ofali sums secured by this Deetf cfrTrust,Lendershatl pro-:tly�efund to Borrower any Funds held by
<br /> Lertc?�.If ursder para�raph 18 hereotthe Frope�y issoi�o�2he P�operty is atherw?�acqwred by Lertder,Lender shalt appry, -
<br /> noia�rthanimntedlatelyprFortothesateofthePropertyoritsac uisit�onbyLen�2r,andFundsheldbytenderatthetimecf
<br /> app7;cation as a credit against the sums secured by this Deed of�rust
<br /> 3. AppWcatbn of PaynNnts,Untess ap�':�ab�e taw provides otherwlse,all pa��-ents received by Lender under the Atote
<br /> arid Q3ragraphs 9 and 2 hereof shall be app;sed by Lender first in payment of arr�,�n�payable to Lender by Borrower under
<br />� para�-aph 2 hereot,then to int�r�st payable on the Note.•�2n to tfle principal of ths��3ie,and then to interest and principal on
<br /> ���re Advances.
<br /> 46. �kta�pu;LJ�ns.Borrov��e�shal{pay m!t�xes,assessments and othsr charges,fines artd impositions attributable to the �
<br /> Pro�er:y which mav attain a priority over�:��esd of Trust,and leasE.�old payments or ground rents,if any,in the ma�r.�-.�F '
<br /> � � provided under R,��~�taph 2 hereof or,if not Aaid in such manner,by 8orrower making payment,when due,directiy to tfie '
<br /> p�yeethereof.Borrower shall promptly furnish to Len�er all notices ot amounts due under this pa�aAiaph,and in the event
<br /> Borrower shall make paymen!direct�y,Borrower shall prampity furnish to Lertder receipts evidencing such paymants.
<br /> Bor��•.�er shall promptiy disch��ge any Iten which has prrority over this Deed of Tc�st;prav►ded,that BorroKar shell not be
<br /> require�todischargeanysuchi:��solongas6orrowershallagreei�writingtothep�ymentofthe�bligationsecuredbysuch � , �
<br /> lien in a manner acceptableto Lender,orshall in good taith contest such lien by,or defend enforcement of such lien in,le�a� �
<br /> . proceedings which operate to prevent the entorcement oi the lien or torfeiture of the Property or any paA thereof.
<br /> S. Husrd Insuranc�.Borrower 9ha11 keep the improvements naw existing or hereafter erected on the Properry insured �
<br /> against toss by tire.hazards incfuded within the term"extended aaverage",and sueh other hazards as Lender may raqu�re -
<br /> and in such amounts aad for such periods as Lender may require:provided,that c.�nder shall not require that the amount ot
<br /> such caverage exceed that amount of coverage required to pay the sums securer,�y this Qeed ot Trus� .�
<br /> This insuranCecanler providing thg lnsurance shall be chosen by Borrower subjecttoappraval by Lender;proiided,that ' •
<br /> such approval shall not be unreasonebly withhetd.All premi�ms on msurance policies shall be paiC in the manner provided -
<br /> under paragraph 2 hereof or,if not peid in such manner,by Borrower rrsaking payment,when due,directly to the insuran�e
<br /> carrier. �
<br /> AII insurance poUcles and rr�newals thereof shal!be ir form acceptabte to Lert�'.��-and shall include a star.dard mortc3 age
<br /> clauseintavorotandinform2c�:�aptabletoLender.Lertc:�z��shallhavetherighttohn�3the policiesandrenew,x.gthereof,and
<br /> Borrowershallprom tlyturrsi:J.'�;r,3LenderallrenewalrtL�i�esandallreceiptsoipair��remiums.IntheeventQt'less�.8orrower
<br /> shall give prompt n.�ce tothe insurance cat�ierand Lender.Lender mey make proof of loss if�ot made prompt�y by Eiorrower. :�. ,1',,
<br /> UnlessLenderand8orrowerothetwisea��einwriting,insurance proceedsshallheappliedtorestorationorrepairotthe
<br /> Property demafled,provided such restora�c�,r�r repair is economicatly feasible and tho securiry of this Deed af Trust is not �
<br /> thereby impaired.If such restoration or ra�3ir is not economically feasible or it the security of this Deed at Trust would be �-,'•'•'':�
<br /> Impaired,the insurance procoesfs shall be applied to t�re sums secured by this Oeed of Trust,with the exc�:�� if any,paid to ���
<br /> Borro�er.I!the Pro�erty Is ebartdoned by Borrower,c�-F�3orrower fails to respancf to lender within 30¢u;�y`rom the date •�'`
<br /> rto�c�i�mailed t�y Lender to Borrower th2�"he Insura^��carrier otfers to seftle a claim for irsuranco benatits,Lendea+s
<br /> _ autharized to caSl�sa".and appty the insu�enas r�roceeds at h.�nder's or'ion either to restoratlon c�r repair ot the Property r.r i�;,•
<br /> the sums secuc�*t IT,�thls Deed of Trust �
<br /> Unless Ler,�'�c�nA Borrower othen+vise agree in writing,any such appHcation of proceeds to principal shaU not extend or
<br /> postpone the due date ot the monfhly installments reterres!to m paragraphs 1 ana'.2 hereof or change the amount of such ;
<br /> instatlment�.If under paragraph 18 hereotthe Property is s�auired by Lender,all n���t,tiilean�interest of Borrower in and to
<br /> anyinsurancepolicie�andinandtotheproceedsthereotr�SUltingiromdamaget��rePropertypriortothesateoracGuisition �
<br /> shalt pass ta Lender to the extent ot the sum9 secured by this Deed ot Trust immediately prior to su�h sate or acquisitir_�t,
<br /> 6. Pns�nrationandMalnt�nanc�ofP�a�aartp;L��s�holds;Cond�niums;Plann�dUnHDa+f.+�lopm�nIs.Borrowe►�:�?,��;
<br /> keep the Property in good repair and ahali nr;E:�ommit waste or perrr,�r tmpairment o1 deteriara�i�n � tf ho Property and shail
<br /> comply withtheprovisionsofanyleaaeitt�is�eedofTrustlsonaleasehold.IfthisQ�+?dotTrus4tsc;�aunilinarondominium
<br /> or a pf3nned unit development(3orrower shall perfomi a.►1 01 Borrowor's oblig2tir,n5 unda►th9 dectara;inn ar covenants '
<br /> � creatinr�or governing the cor•�or-�inium or planned urtit dcA�elopment,the by-laws and regulaY:,:rs of the.r�ndominium or
<br /> � ptarr���d unit devetopment,er,���onstituent documerts.�f r�condomimum or planned unit dev�.lpment rider is oxcuted by
<br />= Borrower and recorded togettaet with thls Oeed of Trust,the covenar'3 and ag reementE ot such r�der shall be incorporat�d
<br /> into and shall arrend and su¢olementthe covenants and agreemetn!����f this[3eed of Trust es if the rider wero a part hereai.
<br /> f. Prohction d L�nd�r's S�euHty.H Borrower tails to pertorm the covenants and agreements contained in this Deed ol
<br /> Trust,or if any ection or prace4�lsng i9 commenced with materially affects Lendar's intQrest In the Proparty,including but not
<br /> limifed to,emtnentdamain,;n3�[vency,coda enforcement,or arrangements or proceedirtgs invotving a�bankrupt or decedent,
<br /> then Lender at Lender's opt¢.n,upon notice to Borrower,may make such appea►ances,disburse such sums and take such
<br /> actlona�isnecessarytoproteciLender'sinieres�includirtg.butnoilimitedto.disbursementofreasonabteattarney'steesand -- ---
<br /> � ti entryuponthePropertytomakerepairs.Nlende►requiredmortgageinswanceasaconditionofmakingtheloansecuredby � �
<br />. the Deed ot Trus�6orrower shall pay the premiums required to m�inta�n such lnsurance in eNect until such time es the
<br /> requirementtorsuchlnau►anceterminatesinaCCOrdancewitfiBorrower'sandlender'swrittenagreementorappficalbelaw.
<br /> BOrrbwer shatl pay the amounf pt afi mortgage insurartce parmiums in the manner provided under paragraph 2 hereot.
<br /> ���y amounb d�sbursed by Lender pursuent to this para9raph 7, with interest thereon, shall becomv addihonal ,
<br /> � lednersolE�:to:��r°,�..,,u:t�tst#h':st3w�iofTcustElnt�s8o�rownrartciLert�fsragreetoothertHrmSdfpayrinAnf.such "
<br /> amovnt�shall be payable upon notice irom Lender to Borrower re uestin '�;
<br /> _� q g payment hert�ot,�nd ShaU bear interest from thQ ���,
<br /> dateofdisburaemenfattheratepaya6leiromtimatotimeonoutsianding pnncfpaluntfe�theNoteur�Iesspaymentotinterest
<br /> — I at such rate wauld be contrary to applicablo law,in which event Such amounts shall 6ear interest at the highest r�tE� �
<br /> permissibte under applicable law.Nolh�ngCOntAmed in this paragraph 7 sh81!require Lender to incur any expense vr tpke any �
<br /> achon hereunder.
<br /> A. (ArplClbn.Lender may m�ke or cause to be made reasonabteantr�es upen and inspections o1 the Pra�erty,provided `ti(
<br /> ; thatlertdershallgiveBorrowernoticapnortoanysuchmspectiorespecityingreason<-�blecausetha��f��eretatedtvLendei� ���
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<br /> interest in thg Pro�serty.
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