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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 89—IL01513
<br />1. PaymsM of Principal and Interest. Borrower shall promptly pay when due the principal. of and interest on the
<br />indebtedness evidenced bytheNote, prepayment and late charges as provided rn the Note, and the principal of and interest on
<br />any Future Advances secured by the Deed of Trust.
<br />2. FundsforTaxseandinsuranco Sr! b1' ecttoapplicablalawortoawrittenwaiverbyLender ,BorrowershallpaytoLender
<br />on the day monthly Int3tal(ments of principal and interest are payable undirthe Note, until the Note is paid to full, a sum (herein
<br />"Funds ") squat taone- twelfth of the yearly taxes and assessments which may. attain priority ever this Deed of Trust, and
<br />ground rents on the Property, ifany, ptusone- twelfth of yearly premium Installments for hazard rnqurance, plus one- twelfth of
<br />yearly premium installments for mortgage insurance, rf any. all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and biNS and reasonable estimates thereof:
<br />The Funds shall tit held in an institution the depositsoraccouni s of whichare insured •orguaranteed, bya Federalor state
<br />agency (including Lender if Lender is such an institution). Lender shall apply the funds to pay said taxes, assessments.
<br />insurance premwmsandgroundrents Lendermaynotchargeforso holding andappl yi ng the Funds, analyzing said account
<br />orverifyingandcompilingsaid assessments and bills, unless Lender pays Borrower•interest an the Funds and applicable law
<br />permits tendertomakesucha charge. Borrowerand Lender may agree to wrchngatthetimeof execution of this Deed ofTrust,
<br />that interest on the Funds shall be paid to Borrower, and unless such agriiement is made cr. ap licalbe law requires such
<br />interestto be aid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to
<br />Borrower, without charge. an annual accounting of the Funds showing credits and debits to Me Funds and the purpose (o-
<br />which each debit tothe Funds was made. The Fundsare pledged as affIi(fanal security farthe sums secured by this Deed o1
<br />Trust
<br />If the amount of the funds held by Lender, together with the future monthly installments of Funds payable gr ar taLea due
<br />dates of faxes, assessments, insurance premiums and ground rents, shell exceed the amount required to Fay, s3 d taxer.,
<br />assessments, insurance premiums and ground rents as they falVdue, such excess shall be, at Borrower's �,,it;;,n elthe7
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Firs js held by
<br />Lender shall notbesufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due. S�3wer shat t
<br />pay to Lender any amount necessary to makeup the deficiency within 30 days fiom,10e date notice is maileW by: Lender to
<br />Borrower requesting payment thereof.
<br />Upon payment *nfull of all sums secured by this Deed ofTrust, Leridershall promptly refund to Borrower any Tends held by
<br />Lender. If underpaaagraph 18 hereotthe Pra - ss sold•3rti efn3p c rsotherwise acquired by Lender, Lender shall apply.
<br />no taterthan immediately prior to the sate of the .Qperty Cr its �cGu i5:tsrJri �y Lender, and Funds he d by Lender a *. the tills o.
<br />application as a credit against the sums secured
<br />by this Deed:cf Trust_
<br />3. Application afpe"'n"'ola. Unless applicable law pr¢wirii ,all payments received by Lender ur per the Note
<br />and paragraphs 1 and 2 hereof shall be applied by Lenderi r*:i r, p yin tit of amounts payable to Lender by Bo-rower under
<br />Paragraph2here+ zf, MentointerestpayableontheNote .thrritn °net; �cipaloItheNote ,anothentointerestan� and
<br />any Future Advance
<br />4. Charg ;Lhms.Borrowersshallpayalt :pke�c_ asses rillr ts and c�` er charges, fines and impositions attributable to•C^e
<br />Property which may attain a priority over this QtitRI:cf. 'rr r': and lease ..c :d payments or ground rents, if any, in the manner
<br />provided under paragraph 2 hereof or, if nqt �ld� it wr i.m :-,ner. by Barrower making payment, when due, directly to the
<br />payee thereof. Borrower shall promptlyfurnish La, fir:. ,r.. 1Ja !notices of amounts due under this paragraph, and in the event
<br />Borrower shall make payment directly, Borrower SM!A promptly furnish to Lender receipts evidencing such. payments.
<br />Borrower shall promptly discharge any Iron which pro: rN over this Deed of Trust provided, that Borrower shall not be
<br />required to dischargeanysuch !lore so tong as harrower shall agree in writing tothe paymentof the obligation secured by suc'-
<br />lien in a manner acceptable to Lender. or, shall in good faith contest such lien by, or defend enforcement of such lien in, legal
<br />proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Hazard insurance. Borrower shall keep the improvements now existing or hereafter erected ort the Property insured
<br />against loss by fire, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />and in such amounts and for such periods as Lender may require; provided, that Lender shall not require that the amount of
<br />such coverage exceed that emount,of coverage required to pay the sums secured by this Deed of Trust.
<br />This insurance carrier providing the insurance shall be chosen by Borrower subject to appproval by Lender; provided, that
<br />such approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner provides,
<br />under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the insurance
<br />carrier.
<br />All insurance policies and renewals thereof shall be ir fcem acceptable to Lender and shall include a standard mortgage
<br />clause in favor otandin form acceptab letoLender. Lender . allhavethenghtto hold tt-: policies and renewa ',tv-sreof,an,;
<br />Borrower shall promptly furnish to Lender all rerewal nohc :_sand all receipts of paid premiums. In the eventof lass. Borrower
<br />shall give prompinaticeto theinsurance carrief-ar is L ender. Lender may make proof of loss if not r- :i i•2 promptly by Borrower.
<br />Unless Lender and Borrower otherwiseagree :r. writing. insurance proceeds shall be applied to restoration or repair of the
<br />Property damaged, provided such restoration or repair is;k*nomically feasible and the security of this Deed of. Trust is not
<br />thereby imppaired. if such restoration or repair is not ecorl.nmically feasible or if the security of this Deed of "' nlat would be
<br />impaired, the insurance proceeds shall be applied to the s,.ims secured by this Deed of Trust, with the excess. it ar ,y, paid to
<br />Borrower If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days frsm the date
<br />notice is mailed by Lender to Borrower that the insurance carrier offcrii to settle a claim for insurance benefits. Lender is
<br />authorized to collact and apply the insurance proceeds at Lender's of : *ico either to restoration or repair of the Property or to
<br />the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwiseagree in writing, any such application of proceeds to principal shall ra.t extend or
<br />postpone the due date of the monthly installments refereed !o is paragraphs 1 and 2 hereof or change the amity- %t of such
<br />installments. 11 under paragraph 18 hereof the Property is acxq fired by tender, all right, title and interest of Borro°wGr:n and to
<br />any insurance policies and in and to the proceeds tthereofres ;; rng from damage to the Property prorto the sale crarrtuIsIticr
<br />shall pass to Lender to the extent of the sums secured by':n,is Deed of Trust immediately prior to rjudH sale cr acgirsition:.
<br />6. Preservatlnn and Maintenance ofPropily; LaakEtdds; Cordominiums; Planned Unit Oeveieipmeab .Fxrro.vershail
<br />keep the Property in good repair and shall rot cow .ml wazfn or Permit impairment of deterioration of the Pior idy and shall
<br />comply with the provisions ofany tease if this Claed of Trust i.9 Ort a! Iiisel!,Old. If this Deed of Trust is an a unit in a cortfsominiunt
<br />or a planned unit development, Borrower shall per'arm all of Borrower's obligations under the declaratior. or covenants
<br />creating ar governing tfie condominium or planned unit development the by -laws and regulations of the condominium or
<br />planned unit devetapmert, and constituent Qocuments. If a condominium or planned unit development rider is excuted by
<br />Borrower and recorded together with this Deed of Trust, the covenants and agreements of such rider shall be incorporated
<br />into and shall amendand supplement the covenants and agreements of this Deed of Trust as if the rider were a part hereof.
<br />7. ProteeHon M Lender's S�eurity. It Borrower tails to perform the covenants and agreements contained in this Deed of
<br />Trust, or if any action or proceeding is commenced with meteriatly affects Lenders interest in the Property, including but not
<br />limited to,emrnentdomain, insolvency. �odeentorcement,or arrangementsor proceedings involving a bankruptor decedent.
<br />then Lender at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums and take such
<br />action as is necessaryto protect Lender's interest including, but not limited to, disbursement of reasonable attorney's fees and
<br />entry upon the Property to make repairs. If Lender required mortgage insuranceasa condition of making the loan secured by
<br />the Deed of Trust Borrower shall pay the premiums required to maintain such insurance in effect until such time as the
<br />requirementfor such insurance terminates to accordance with Borrower'sand Lender's written agreement or applicalbe taw
<br />Borrower shall pay the amount of all mortgage insurancepermiurns in the manner provided under paragraph 2 hereof
<br />Any amounts disbursed by Lender pursuant to this paraggraph 7, with interest thereon, shall become additional
<br />indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to other term% of ; ;aymstnf_ cLich
<br />amountssnatt be payaDte upon nOtiCe from Lender to Borrower requesting payment hereof, and shalt bear interest frorn the
<br />dateof drsbursementatthe rate payable from time to time on outstanding pprincipal under the Note un less payment of interest
<br />L at such rate would be contrary to applicable taw, in which event such amounts shall bear interest at the nlghest rate
<br />permissrble under applicable law Nothing contained inth,sparagraph Ishii
<br />rrep . mP under to recur anyer.peaseortake r•�
<br />action hereunder.
<br />11. inspection. Lender may make or cause to be made reasonah'a ewro-; up•)n ar s u! ine Properti mvii,,i t
<br />that Lender shall give eoirower notice prior to any such i "rspPctwr5 ;. 'r• rrf•, <, ;r rt: E' �FiuSE 'hNrtfr :r ;�rr,ttwdr�,.tndrr
<br />Interest rn the Property
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