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<br /> UNIFaRM COVENANTS.6or�ower and Cander coven�rit and agrae ns tcllows ��� +�����
<br /> � 1. Payn�t e! PdnclpN and InIKNt. Borrower shali promptiy pay when due tho pnncipul of t�nd intorost oc► tl�o
<br /> IndabHdnefs�vldlmCedbyth�Note,p_repeym@nlendlatecharpesASprowdadmth�Note.�ndthepnncipalotandintereston
<br /> eny F�tute Atl�ren��l�u���►th�[�t nt'�rua�.
<br /> 2. Fu1�!lotTaxl�lMld InM++�nc�•Sublect to eppUcahte law or to e written waiver by Londer,BorroM�r shatl pay ta Lendo�
<br /> an tha day manthty instatin»nt!ot principel artei In1e►eat are payabfe unde�fhe Note.�mt�1 tfie t�ro ia paid tn futt,a sum(herein
<br /> "Fund�")�qwl to one-twelfth nf tM yeerly taxef and nseeasmente which may atta+n prloriry over thfs Qeed of Tru��and
<br /> pround r�nh on Me Proparry,If�ny.plu�one•iwsitth o1 y�rly p�em ium i nste�lmenta tor hazard insura�ce,ptus on�-twelRh ot
<br /> Ye�rty pr�mium Inatallmenb far mortQa�e insurance,it any,ali as reaao�abty e�timated initialty end tiom time to time by
<br /> Lendor on ths basis of assessrt►s�ts e�tf bllla and re�aonabte esNmates thereof.
<br /> The Funds�hali bsheld In an institutlon ths depo�ils oraccountsol whichare i�sured ar guaranteed,by a Federal or stete
<br /> agency(i�cludinp L�ndar il Lende►is auch an inatitutlon). Lender ahatl appty the tunds ta pay said taxes,assessmenta.
<br /> inaurancep�emiumsandproundrenta.Lendermeynolchargefaraohotdinge�dapplyinfltheFunda,enatyzingsaidaccount
<br /> or vsri/yin�and compilin�ssW essa�ernenta and bilis,untess l.ander pays 8arrower intereat on the Funda and a plicabte law
<br /> permits Lends�ta mt�ks auch a cha�ye.BoROwe�and Lender mey agree in writing et the time of execution of thi��ot T�ust
<br /> that intersst on the Funds ahall be paid to Borrowe�,and unlass such ag�eement is made or epptfcalbe law requires such
<br /> int�restlo bspaid.Lender shail not be�equired to pay 8orrower any I�ta�est or tarnin s on the Funds.lsnder shall�ive to
<br /> 8orrowK,without ch�rpe,an a�nual sccount�nq of Me Funds showlnQ c�edits and de�its to the Funds and the purpose lor
<br /> whlCh each d�Dit to thsFunds was mede.Ths Funda ere pledged aa additionat security fo�the sums secu�ed by this Deed of
<br /> Tru��
<br /> If the amoun!af the tunds held by lender,together with the tutu�e monlhly installments ot Funda ps�yable prlor to the due
<br /> dates of taxes,asre�ne+�b. insurance premiums and ground re�ts,shall exceed the amounl required to pay said taxes.
<br /> assessments,lnau►ance p�emiums end ground rents as they fall due,such excess shatl be,at Borrower's optlon,either
<br /> promptly repaid to 8on'ower or c�edited to Bo�rower on monthly installments ot�Funds.N tfie amount of the Funds held bY
<br /> Lender shall not be suf�cient to psy mxea,assessmenb,insu�ance�rem�ums and grou nd rents as they tall due.Borrower shall
<br /> pay to Lender any amount necessary to make up the deticiency v►othin 30 days irom the date notice is mailed by LeRder to
<br /> Borrawer rsquestin�payment thereo}.
<br /> Upon payment in fuU o1a11 sums secu►ed by this Deed af Trust,Lender shall promptly refund to Borrower any Funda hetd by
<br /> F_ender.if underpa�apraph 18 hereofthe Praperry iS�Cr.d orthe Property isotherwlse aCquired by Lender,�ender shall apply,
<br /> cnc�teterthenimmedietelyprlo�totheesleoftheP�o(aert}�oritsacquisftionbyLender,andFundshetdbyLer.deratthetirr�eof
<br /> �pplication as a crsdit ayainst the aums secured by thi.s Deed o1 Trust.
<br /> 3. AppNcat{on d Psytn�nb.Unless applicable law provides otherwise,all payments�eceived by Ler�er under the Note
<br /> aRd pare rapha t end 2 hereol shall be applied by Lende►first in payment of amounts payabie to Lenslee►}•Rorrawer under
<br /> pasa rap�2 hereof,then to interest payable on the Note,then to the principal of the Note,and then to intere�r,and pnncipal on
<br /> any�uture Advances.
<br /> 1, Cha��M;Ll�n�.Bor�owers shall pay all taxes,assessments and other c!�a-�es,fines a nd impositiar•.s�':ributable to the
<br /> PropeAy which may attain a prloritY ove�this Deed of Trust,and leasehotd payments or ground rents,�P;�ry,�n the manner
<br /> provlded unde�paragraph 2 hareol or, if not paid in such martne�,dy Borrower making payment,when due,directtg tc the
<br /> payee thereof.Bor�ower shall promptty fumish to Lender all nai�ce�ot amounts due under this paragraph,and in the�.ant
<br /> Bo�rower shall makepa yment directly,8orrower shall prornptty- furnish to Lender receipb evidencmg such payments.
<br /> 8orrowe�shall pramptly di�charpe eny lie�which has pr�oriry over th�s Deed of TrusX provided,that 6asrower shall not be �
<br /> requiredtodiacharyeenysuchliensolongesBorrowershallagreeinwritingtothepaymentottheobligaLensecu�edbysuch
<br /> lien i�a manner acceptabte to Lender,or shall in good taith contast such lien by,or detend enforcemeRt cF such iien in,legal
<br /> proceedinq9 wl�iuii o��ain to prvvent ihe oafascemaai ot ih�liaa ar!arl;,itur;,at tlsc°rap�rr,�or srt;*a�2h�re^t. _ ._-
<br /> S. 1lsiard(nwnnc�.Bor�ower ehall keeQ the improvements now existing or hereafter erected on the Property insured �
<br /> - againsi ioss o�n're,nivaia'S ii�ciii�v.iiii�in inv tein�"oiiiviw'e�%a vvv8iay'o',nnv 5ui:n vi�n�i�nidrei�as LCnoe�may require
<br /> and in suc�amou�ts and for such perloda as Lende�may require;provided,th�,t lender shall not requ�r�Vtat the amount ot `
<br /> sr�ch coverage exceed that amount of coverage re�L•:red to pay the sums sec�red by this Oeed of TrusC � _
<br /> This insurance ca�rierprovldi�gthe insu►ances�a'i be chosen by 9arrower subjectto approval by lendar;provided,that �';�:�;
<br /> such approval ahalt not be unreasonably withheld.At:•premiums Cn insurance policies shali be paid m the manner provided '
<br /> under parAgrBph 2 hereotor,if not paid ic�such mar.ner,by BasrQ��;er making payment,when due,direcily to the insurance ��
<br /> canier. —
<br /> Ali lnsurance policies and renewats th,�reof shal!De in torm axepiable to Lender and sr..a:!include a standard mortgage . —
<br /> cGause i�tavor of and in torm accepl8bteto Lender.�endershal!have the nght to hotd the Policies and renewats thereof,and
<br /> 6orrowershatlpromptlyfuraishtoLenderallrenewatnoticesandallrece�ptsofpa�dpremwms.Intheevertofloss.Borrower -
<br /> shall give p�ampt nottce to the�nsurance carrier and Lender.Lender may make proof of loss if not made{xrornptty by Borrower. -
<br /> UnlessLenderandBorroweroLherwiseagreeinwriting,insuranceDroceedsshatlbeapptiedto�estora;�onorrepairofthe � �
<br /> Property,damaped.p�ovided such�e�toration or repair is economically feasibte and the security of thi�Deed o1 Trust is not �
<br /> thereby�mpaired.tf such restoretion pr�epair is not economically feasible or if the securiy of this Deed ot Trust would be k-
<br /> impaired,the insurance proCeeds shait bg applied to the sums secured by this Deed of Trus�with the excess,if any,paid to �•�
<br /> Borrower,li the Property�a abendoned by Bor�ower,or ii Borrower tails to respond to Lender within 3a�ays irom the date
<br /> c�etice is mailed by Lender to Borrower that the insueance carrier oHe�s to&ettlo a cla�m tor insurance�enefits.Lender�s ••�:���` .
<br /> autho�ized to collect and apply the insu�ance proceeds at Lender's opt�on either to restoration or repav aS the Property or to ,
<br /> the sums secured by this�eed of Trust.
<br /> Untess Lender an0 Borrower otherwise agree in writing,any such application o}proceeds to principa�shati net encend or
<br /> ' postpone the due date of the monthly installments reterred to�n aa�agraphs 1 and 2 hereof or change the amount of such
<br /> �nst811ment9.If under peragraph 18 hereof the P�opeety is aCquired by l.ender,all r�ght,title end interest of 8arrower in and to
<br /> anyinsurance poticiesand in and tothe proceedstheveof resultingfrom damage tothe Property prior to the sale or acquisition
<br /> shall pass to Lender to the extent of the sums secured by this Qeed of Trust immed�ately prior to such sale or acqwsit�on
<br /> 6. PnsKVatbn snd Malnt�na�nt�ol Prop�rty;L�as�holds;Condomintums:Pl�nn�d Unit Dw�lopm�nts.Borrower shall
<br /> keep the Property in good repair and shall not commit waste or permit impairment of deterioration oi the Property and sha11
<br /> compty withthepravlaioasolanylea�eifthisDeedoiTrustisonaleasehotd.NthisOeedofTrustisonaunitinacondom�n�um
<br /> or a planned unit development,Borrower shall perform all of Borrower's obligations under the declarat�on or covenants
<br /> creating or goyerning the condominium or planned umt development,the by-laws and regulations ot the condomm�um or
<br /> � pl8nned unil developmen�end Conslituent doCUments.If a condommwm or pianned unit development rider is excuted by
<br /> Borrowar and reCarded tagelhar with this Deeci ol Trust,tho covenants and agreemenis ot such r:der shail be incarparated
<br /> into and shall amend and supplement tfle cover�ants and agreements ot this D�aed o!Trust as ii the rider were a part hereol .
<br /> i. �d�ea0t�vi i.�n�i�►'i$i�u�iiy. ii 3orrowbr fait�io p@fiv►nl ii�6 COvcfiaf�i�&i�ia 6yffs��i�Bf�is Cvf�iairreii m in�s aeed oi
<br /> � ��ust,or if anr ection or proceeding is commenced with materially aNects lender s�nterest��the Property,inciudmg but not
<br /> iimited to,em�nent domam,insolve�cy.code enforcement,or arrangements or proceedmgs ir+volv�ng a ban krupt or decedent.
<br /> then Lender at Lender's option,upon notice to Borrower,may make such appearances,d�sburse such sums and take suc►�
<br /> actionasisnecessarytoprotectLsnder'sinteresf.including,butnotlim4tedto.disbursementofreasonabteattorney'sfeesand __ _
<br /> entry apon the Property to make repairs.lt Lender requiredmortgage insurance as a condition olmaking the loan secured by '
<br /> the Deed ot Trua�Borrower shali pay the premiums reqwred to mainta�n such �nsurance �n effect until such t�me as the '
<br /> requirement for such insuranCe terminates m accordance witn Sorrower's and Le��der's wr+Yen egreemeni or a�pt�calbz saw
<br /> Borrower shall pay the amount of all mortgage insu:ance permiums�n the manner prov�ded under parag�aph 2 hereot
<br /> Any amounts disbursed by Lender pursuant to this paragraph 7, w�th �nterest thereon, shall become add�t�onal
<br /> _ indebtednessol6o�rower secured bythis Deed of frust.Unless 8orrower and Lender agree to other terms ot payment.such �
<br /> amounts shall be payebte upon notiCe trOm lender to�o�rower request�ng payment hereof.and shall bea r mterest irom the
<br /> Jateof di�bursementatthe ratepayaDtetrom timeto tirrte on outstand�ng prmapal�nderthe Note unless payment of�nterest C
<br /> � at such rate would be contrary to ap�i�cable law, m wh�ch eve�t s�ch amounts shaii bear mterest at tne hig�est rate N
<br /> permissible under applicable law.Notht a^g confa�ned�n th�s pasaqraph 7 shali requ�re Lender to�ncur any ex oense or take any ��
<br /> action hereunder.
<br /> Q. (nsplCtiOn.Lender may makeor cause to De made reasonAb:e e��lr��s upor�ard�nspect�ons of the Property prov�de� �
<br /> thatlendershallgwe8orrowernoticepno:t�anysuCh�nspect�o�spec f,rrqr��sor�aL•!ecausethere'o�ere.atedtoLenders �
<br /> �nterest�n fhe Property
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