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<br /> IINIFORM COVENANTS.Borrower and Lender covenant and agree as tollows: ����V'V���
<br /> r 1, pay�i of P�incip�i aed InMw�t. Bor��wer ahall promptly p�,y when due the p�inclpal af and interes! on !he
<br /> Indebt�dnNSevidMOSdbylhallol�.prspa mentendlatechargesaaprovldedinthallote,andthapnncipalofandintereston
<br /> any F'uturo Advmcei aecund by the�ot Trua4
<br /> �. Fw�ds'lorTaxMMldNawranc�.Subjecttaapplicable�awortoawrittenwalverbyLender,Bor�owershallpaytoLender
<br /> o�►!lt�day�nanlhlyM3�llettantsotptinCipUll�ndlnitttsf�oapayaDl�ur�de�thsNote.untilthallotel�pairflnt�lt,a�um(herein
<br /> "FunOs")�wi ta onatwNRh of th�yMrly taxts and asassunent�which msy attain prio�iry ovsr this Deed af Truat,a�d
<br /> 9round rents on ths Ptoperty.if�ny,plus one-twe1M o1 yeariy premium In�talimenb to�hezard Insu�ance,plus one-Mretfth oi
<br /> ys�«���mi�um i�nssboii'masn���rt�a�e insurance,if any,sll aa reason�Ely estimated initielly And trom time to time by
<br /> L ndbilla and re�sonaWe sstim�te�thereol.
<br /> Ths Funds ihall b�h�W in an Inqitution ths deposib or accounte of which are i�su�ed or�uaranteed,by a Fede�al or state
<br /> ��sncy(includina L�►d��it Lsnd�r if such en insNtution). Lsnder shell apply the tunde topa y said taxee,es�essmenb,
<br /> insuancs pr�mlums��d��ound�enfs.L�ndK may not charQe for ao holdinq and applyin�tha Funda,analyzinp s�id account
<br /> orwrityirpandcompllin��idasus�mer�tsandbilis,unleaslenderpaysBorrowerinterestonthsFundsandaepllce� blelaw
<br /> ib LK�der to nwk�wch a chupe.Bonowef end Lsnder may a9ree in wriNng at the time of executio�oithis Desd o1 T►ust
<br /> t inMnat on th�Funds�hall b�paid to Borrower,�nd unles�such a��eament ts made or applicalbe law requires such
<br /> inMratlo bspaId,Lends�shail not bs requi�ed to pay Bonower any i�terast or ear�inp�on the Funds.Lender shalt yive to
<br /> BorrowK.wjthout ch�� e.an annua!accountinp of the Funda showin9 credita end debita to the Funds and the purpoae for
<br /> T hi�ch each debNto the�undswaamade.The Fundaare ptedged aaadditio�al securityior the sum�secured by this Deed oi
<br /> M the Amount of the tund�held by Lender,topether with the future mo�thly inatal Iments of Funds payable p�ior to ihe due
<br /> daMs of taxs�,es�e�tmsnt�,insura�ce premium�and�rou�d renW. shall exceed the amount�equired to pay said taxes,
<br /> asssssmsnls.insu►ance p�emlum� and round renb aa they isll due,such excess shall be,at Borrowe�'s option,elther
<br /> p�ompty ropaid to BoROwer or crediNd�8orrowe�on monthly i�atallme�ta of Funda.If the amvunt of Me Funds held b�
<br /> Lendashallnotbsaufflcienttppaytaxes.asse�smenb,insurancapremiumsandgroundrentsastheytalld4e.Borrowershal
<br /> pay to Lendsr any amou�t neceaaary to mske up the deNciency within 30 days fiom the date�otiCe�s�na,ted by lender to
<br /> Bor�ows►roquestinp payment thereof.
<br /> Upon payment in tull of e�il sumsaecured by thla Deed of Trus�tender shall p�omptly refund to Bor�owerany Funds hetd by
<br /> Lender.Hun�erpa►ay�aph 18 hereotthe PropeKy ia sold orthe Propert�r isotherwise acquired by Lender,Lende�shall apply,
<br /> no later Man immediately prior to ths tale ol the Properry or ita acquisit�an by Lender.and Funds held by Lender atthe time of
<br /> appUcation a�a cradit against the aums secured by this Deed of TNS�
<br /> 9. Appli�allon M Pay�nMlb.Unless applicable law provides othenaise.atl payment9 received by Lender under the Note
<br /> and para rapha 1 and 2?�e�ot shaq be applied by Lender fir�t in payment of amounts payable to Lender by Bor�ower under
<br /> para9rap�2hereoi,thentoi�ttre�tpayableontheNote.thentotheprincipalottheNote,andthentointeres4andpnncipalon
<br /> any Future Advances.
<br /> 1. Chsr4N;l.i�nt.Berrowersahallpayalitaxes,assessmentsandothercharges,finesandimpositiersattributablotothe �
<br /> Property which may attain a prlorl�ovec�Ais Oeed of Trust,and leasehold payments or groursd re�ts,if any,in the manner
<br /> provided under paraq►aph 2 hereo or,if not paid in �uch manner,by Borrowe�making payment,when due,directly to the
<br /> payee thereof.80�rower shall prompUy furnish to Lender all noticea oi amounts due unde�th�s parag�aph,and in the event
<br /> satro•�3s oha!!ms��poysrt�n! dir�rtly. Sarra::ar�hut; prampt:y turnish !o Lsnd�r receiQb eyiden�:.^.g�uch �a1,�m�r.tw
<br /> Bonower shall p�omptly dischar9e any lien which has priorlty over this Deed of Trus�provided,that Borrower shail not be '
<br /> required to di�chsr�eany such Iien so lon�as Borrowershall agree in writing to the payment olthe obligation secured by such '
<br />. , I�AfI lfl A fl�Afll1A�Af`.�!.ADMb�A t0 L.�fldef�Of SFfAII Ifl QA(f�I IAlth(:A(1ti�Rt AISI`�f��Af1 hv�f1{fIA�H[1fI A(l��f�[:A[T�Off�At C��f`FZ lifaff iR !a�a! .- .--....
<br /> proceedli�s whlch operate to prevent ths entorcert�ent of the lisn or forteitara ot the Propertyr pr any part theraot. --
<br /> 5. Huard Imurane�.Bo►rower ahall keep the improvements now existing or hereatter erected on the Property insured � `
<br /> . a�ains!Ios�by fire,hszards included within the te�m"extended covarage",and such other hazerds as Lender may requ�re �;
<br /> � a�d m such amounts and for such perlod�ea lender may require;provlded,tha4 Lender shall not require that the amount of =.
<br /> such covere�e exceed,that amouM o1 covera�e required to pay the sums secured by this Deed of Trust •:;�_
<br /> Thia insu�ance camer providin the insurance shall be chosen by Borrower sub'ect to a�proval by Lender;provided,that --
<br /> such approvat ahall not be unreasonab(y withheld.All premiums on insurance policies sha11 be pai��n the manner prowded '
<br /> under paragraph 2 hereot or,if�ot paid in such man�er,by 8orrawer makirtg payment,when due,directly to the insurance �
<br /> carrier. �
<br /> All lnsurance policies and renewsls thereoi shall be in form acceptable to Lender and shall include a standard mortgage
<br /> clause in favor of end in form acceptable to Lender.Lender shall have the right to hold the policies end renewats thereof,and
<br /> Bo��ower shall p�omptiy furnish to Lender all renewat notices and all receipts ot paid premwms.ln the event of toss.Borrower �
<br /> shall give promptnotice to the insurance csrrier and Lender.Lender mey make proof of loss if not made promptly by Borrower. �
<br /> UnlessLeRderandBor�owerotherwlaeayreelnwriting,insuranceproceedsshallbeappliedtorestorationorrepa�r¢3the ' "�.
<br /> Property dama�ad.provided�uch restoration or repair is eCOnomica(!y teasibte and the securiry of this Deed of Trust�s not
<br /> theteby impaired.lf suCh restoretion or repair is not economically teasible or�f the security of this Deed ol Trust would be �'�
<br /> irt��eaired,the inaurance proceedsahall be a�pplied to t�e sums secured by this Deed o1 Trust,with the excess,it any,paid to
<br /> Borrower.If the Pro�rry is abando�ed tiy Borrowec.ar if Borrower tails to respond to Lender within 30 days trom the date �;
<br /> notice ia mailed by ender to Borro�ver thet the insurance carrier oHers to settte a cla�m for insurance benefits.Lender �s
<br /> authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair o1 the Property or to "
<br /> the aums sec�red by this Deed o1 Trust
<br /> Unless Lenderand Bor�ower otherwiseapree in writing,any suchapplication of proceedsto principal shall notextend or
<br /> � postpone Me due dete bf the monlhiy irtst811ments reterred to�n paragraphs 1 and 2 hereof or change the amount ot such
<br /> mstallments.lf under paray raph 18 hereot the Property is acquired by Lender,all right,title artd interest ot Borrower in and to
<br /> any insurance p0licies and in and to the prOCeedsthereof reaulting from damage tathe Property prior to the sale or acquisition
<br /> sheli pass to Lender t0 the extent ot the sums secured by thi9 Deed of Trust�mmediately pr�or to such salo or acqws�tton.
<br /> 6. Pr�raYon and Maint�nane�M Prop�rtr;Lqad�olds;Condominluna;Plann�d Unit O�vNopm�n ts.Borrower shal I
<br /> keep the Prope�ty in�ood repair and shalt not commit waste or permit impairment of deterioration o tf he Property and shall
<br /> complY with tha provl�ions ot any lease if this Qeed of Trust is on a leasehold.If this Oeed of Trust is on a unit in a condominwm
<br /> a�a pl8nned uni!devetOpmenl, Borrowet sf�11 perE�rm all o}Barrotivor's obt;�ations under the dec�aration or covenants
<br /> creetinq or overniny the condominium or pienned e,n,t development,the bytaws ar�ci regulativns of the condominium or
<br /> pIanned uni�development,and constituent dacuments.If a condominium or planneQ unit development rider is excuted by
<br /> Borrower and reCOrded to98ther witt�thia Deed of Trust,the covenants and agreements of such nder shall be incorporated
<br /> into and shali amend and supplement the covenants and agreements of this deed of Trust as if the rider were a part heEeot
<br /> 7. PrM�11on ol L�nd��'�S�euritp.ff 8or►ower fails to pe�torm the covenants and agreecesents contamed in t��is Qe�d ot
<br /> Truat,or if any actian or proceeding is commenced with materialty aflects Lender's interest sn the Property,includ�ng but not
<br /> limited to,am�nent dome�n.insolvency,code enforcement,or arrangements or proceod�ngs involving a bankrupt or decedent
<br /> inen i.endar si i,untier'�opiion,upp�hOiiCtl Qt�ovrrt�wHr,���ay r�aRa such a��ea=snc�s,di9but�6 sui:i��ums af�d t8i�r Suc:ii
<br /> action as i�neCessarytoproteCt Lender's interest,including,but not hmitedto,dis�ursementot reasonable attarney's fees and �--'--
<br /> entry upon the Property to make�epairs.If lender required mortgageinsuranceas a cond�t,an o?making the loan sec�red by �
<br /> the Deed of�'suat, 9orrower shall pay the premiums reqwred to maintam such �nsurance �n eftect until such t�me as the
<br />, requiremertt4`orAUChinsuranceterminete�ineccordancawithBorrowar'sandlender'swrittenagreementorappIicaibelaw
<br /> Busrower shall pey the artz�unt of all moRgage insurance perm�umsin the vnac?er provided undei paragraph 2 hereof.
<br /> Any amo�nts disburscC by Lender pursuant to this parag raph 7, w,th �nterest thereon, shai+ �ecome Add�t�onal
<br /> irtQeDtedness ot Borrower secured by this Deed of Trus1.Unless Borrower a nd Lender agree to other terrr*s of payment,suc h
<br /> amounts shaC�be payeble upon notice trom Lender to Borrower requesting payment hereof a�d shall bQar mterest trom the �
<br /> dateofdis0�rsemerdattheratepayab!etromtimetotimeonoutstanding pnnC�palunderthe+��oleun►esspaymentof�n�erest M
<br /> � at such rate �rould be cantrary to appi+cabl� law, in wh�ch event such amounis shan t>ear �ntereat at tr:e +��gP�o� ,ate �
<br /> permissible under epplicable law.Nothmg confained+n this paragraph?shall requ�re t_ender to�rycur any excerse�;r�a+e any ��
<br /> action here��nder.
<br /> �1. lMp�Gtlon.lender may make orcause to bE made rPasonahieentr�es upon and�nSpeCtiOns o11he P�opE�rty ;•::��de�d !�
<br /> thalLendershallg►veBorrowernoncepnortoanysuch�nspect��rispec �hmq�oasc,n,,hiecausethere����c•�e�;�!t•dtr��e•�der � �
<br /> fnterest m the Property �
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