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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 90-105323
<br />1, Psyaiellt of PrMcipaf and Intern!! Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Nob, prepayment and late chargesas provided in the Note, and the principal of and interest on
<br />any Future Advances secured by the Dof Trust.
<br />2, PwWlefw TaM and IMwaame. Sut lnat to applicable law or to a written waiver by Lender. Borrows! shall pay to Lender
<br />on the day monthly inslellowtsot principa and Inlarost are pallabis unlim the Note, until the Nob is paid in full, a sum (herein
<br />"Funds "1 equal to one-twelfth of ff>hlee yearly taxes and as isssmonts whwk may dgin priority over this peed of Trust, and
<br />protptid rents on tote IPt operfy. Nany,. plus ane- Mrsllth of �erly premium inslatlTftsnb for hazard Insurance, plus one - twelfth of
<br />vMrlr prnnwlMn Instatifnena br enor�a inwrence. rf any, a6N as reasonably collimated WWAWy and from lime to time by
<br />Lender an ltin bfasis of apeestrrierilsf bilfts ahftl naasonebh esiritalaa ther+ot.
<br />The FunM shtiu betteid in lie inssilutwn I*te deposits a atxoirnts of which are kisufad orSwarantaed, by a Federal or state
<br />agency (uicluding Lends► d Lender rs such an inttfiitiort). Cerider shall apply the fulrtds No pay saki taxes. assessmMb.
<br />insurancepnmiumsaftdgraundrenb .Lenderma notcharpebrtoholdmp and apptyeplheFundsanaya " said account
<br />or verityMpandrrompi8ngsaidassptmentsandbills untssnlenderpays WwowerteltfxwstonlheFundsandaWRICsWelaw
<br />permits Lender b make such a charge. Borrower and tender may agree n wndng etltta, tattlts of execution ofthh geed of Truu
<br />ilwt IMernat an lha, Funds ahNl be paid b 8orroww. and unless such prea+rNnt ifs nwde or low requires such
<br />inbreN to bep� Lender shall not be required to pay Borrower any int»rbnt or earnsn�s on theOn" Londw shall give 10
<br />Borrowix, withouta an annwl eccoilnting of rho Funds srww r.+edit and debits b tM Funds and 1111101111111.11001101 for
<br />which Hach debit to Me Fundn was made. The F unds are plsKiyed es addiilonal se. ur+tp for lets turns sncured by tAis Dead of
<br />Trust
<br />it tttte amount of the funds We by Lender, together with the future monthly installments of Funds payable prwr to the due
<br />dabs of taxes, assessments, insurance premiums and ground rents. shall exceed the amount treruired to pay said taxes.
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be, lie Bvirower's option, either
<br />prompgy repaid to Borrower or credited to Wunower on monthly installments of Funds 11 the armcarit of the Funds hold b�
<br />Lender shall not besufficlent to pay taxes. esha ^j iur�ts, insurance premiums and ground rents as they fall due. Borrower shag
<br />pay to Lender any amount necessary to mako up the deficiency within 30 days from the date notice is mailed by Lender to
<br />Borrower requesng payment Ilkemot
<br />Upon payment In full of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any Funds held by
<br />Lender. If under paragraph 18 hereof the Property, is sold or the Property is otherwise acquired by Lender, Lender shall apply,
<br />no later than immediately prior to the sale of the Property or its acquisition by Lender, and Funds held by Lender at the time of
<br />application as a crit ht against the sums secured by (two Deed of Trust
<br />3. Appliealioa of Pap rAWAa. U "toss applicable law provides otherw,:ue all payments received by Lender undo► the Note
<br />and pure• phs 1 and 2 hereoT •I t5.3d be applied by Lenniir 1114t in payment Of amnufnt4 mayante to Lender by �+awer under
<br />paragls?►ph 2 hereal, then to intarew payable on too Note, than to the principal nt the NQ'*p •!nd then to interest alwx j.-, neipsl on
<br />any Future Advances.
<br />I. Charges; Lhae. Borrowws "It Pay W hoaxes. assessments and other chargos. lines and impositionsattributable to"
<br />Property which may attain a priority over this, Used of Trust, and leasehold payments or ground rants, it any, in the manner
<br />provkMd under paragraph 2 hereof or, if not paid in such manner, by Botrowef making payment, when due, directly to the
<br />payee thereol. Borrower shall promptly furnish to lender all notices of amounts due under this paragraph• and in the event
<br />Borrovrtr shall make payment directly. Borrower shall promptly furnish to lender evidencing r receipts eviden such payments-
<br />Borrower �!
<br />shall promptly discharge any lien which has pucinty over this Deed of Trust, provided, that Borrower shall not be
<br />required to dischargeany such lien so long as Bortower Mull agree in writing b the paymentof the obligation secured by such
<br />lien in a manner acceptable to Landeu or shall in good faith contest such lien by. or defend enforc r tonl of such lion in, legal
<br />proceedings which operate to prevent the enforcement of the lien or forfeiture of the Prop" or any part thereof.
<br />b, Hazard Insurance. Borrower shall keep the improvements now existing or hweaher erected on the Property insured
<br />sgsinat loss by fire, hazards included within the term "extended coverage" and such other harards 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 />Rich coverage exceed that amount of coverage required to pay the sums secured by this Deed of Trust
<br />This insurance carrier providing Me insurance shall be chosen by Borrower subleet to approval by Under. provided, hint
<br />such approval shelf not be unressonabty a+thhgld All premiums on insurance policies shalt be peal in Me manner providiadi
<br />under patagraph 2 hereof or, if not paid rn ouO. manner by Borrower making payment, when due, cirectly to the insurance
<br />carrier
<br />All losurance polirtes and renewals thereof shall be in form acceptabla to Lender and shall include a standard morigalp
<br />clause fire favor of and inform acceptable to lender Lender shall have the itght to hold the policies and renewals then , and
<br />Bono *w shall promptly furnish to Lendw all renewal noticesYnd ail te4eip s of paid premiums In the event of toes Borrower
<br />shall wive prompt rKAme to the insurance carrier and Lender Lender nlay maRtl yr 001 of l� it riot made promptly by Borrows t
<br />Union L ens*lWfoww other wise agree in *filing insurance proceeds shall be applied to restoration of repair alone
<br />Property damaged potitded such reataation or repair to economically feasible and the security of this Deed of Tn;cst is mw
<br />thereby impaired if such rosy wabon or repair is not economically lessiblo or if the security, of this Deed of Trrwr wo-We to
<br />urtpalred. the Insurance proceeds shell be appliod to the sums ssc wed by this Deed of Trust with the excess. if wry, paid to
<br />Borrower. If the Property is abandoned by Esortower or if Borrower labs to respond to lender within 30 days hom the data
<br />notice is mailed by Lender to Borrower that the insurance carrier offers to settle a Warm for insurance benefits. Lender is `
<br />authorized to collect and apply the insurance proceeds at LYtiOxt: r, „agouti either to realorauon or repair of the Property or to -WI-
<br />the sums secured by this Dead of Trust
<br />Unleef Lender and Borrower otherwisw ai3rew in writing, any such application of proceeds to principal shall not extend or
<br />ppooslpw-tie the due date of the fit ail -thiy ins+anments retorted to rri paragraphs 1 aria 2 hereof of change the amount of such
<br />InsWownts. if under paraptata '.T hereof the Property • -, ae:t4uued by Lender. all nT.het title and interest of Borrower in and to
<br />any insurance policies Ono in ON S0 the proCwedt thMwri rnsuiting from damage M th*Piow^ prior to the sais or acquisition
<br />shall pass to Lertow, 1.0 the extent of the sttrr,s secured by this peed of Truer prior to such sale or acquisition
<br />•, Pressrvalwo oW Mablesaaee of Property; Lonohoidu Condatl*%ivala; Warned UnN Develloomettle. Borrower shell
<br />keep Ilia Proper"t :;ON reprift and 6hail not commit waste or permit impairment of deterioration of the Properly and shall
<br />c ly withihe prjvrsignscf Ott, t tease if this Deedof Trust is on a leasehold if this Ueelt et Trust is ors o unit in s condominium
<br />or a pYanried unit dewlpprn4wen. borrower shall perform all of &mower's ubligauurx smdet the declaration or covenents
<br />crone or overning the ccinoizaitintum or planned unit doWlopment. the by-laws mid regulations of the condominium or
<br />plat+rhea um developmant, a evo,'nnstrtuent documents 11 a condominium or planned unit dowlopmerit rider is exculled by
<br />hirworrumar aria rrrorhdad tm oiPw frith this r)tiad of Trust Me c.ovrinanis and ameaments ni faMhe redw shall ho .nerxoefrpdd
<br />inb and shelf rinxp ll and aupplemont the Luverants and agreements of this deed of Trust as if the nowt were a part hereto
<br />7. helot fil+feoilearaar's leawNy, If Burrower tails to perform Un covenant and agreements contsrrted in this Deed of
<br />Tram, or if any totion or piof:wdrng is commenced with materially affet N Lender's fntmest in the Property, including but not
<br />limited lo, err~11 dOM40, insolvency. code enforcement. or arrangemsntsot procimAings involving a bankruptor decedent.
<br />then Lender si Lender's option, upon nOfice to Borrower, may make such appearances. disbutse such sums and take such
<br />actiari as is noces'sarli to protect lender's interest, including. but not limited to, disbursemergof reasonable albtney's loss and `
<br />enbV upon the Property to make repairs it LondM required morgage insurance as a condition of making the soon secured by
<br />tits Deed of Trust. Borrower shall pay the premiums required to maintain such insurance in ~I unb) such time as the
<br />rpuiril"N"I
<br />for noteinwreneeterminatesinsecordatlCeweth Borrower's and Lender's wnnenspreemontorapplieafbelaw
<br />Borrower shall pay the amount of all morgage insurance petmiums in the manner provided under paragraph a hereof
<br />Any amounts disbursed by Leader pursuant to this rapreph 7. with interest thereon. shall tontine addrtional
<br />IftdeI t Mess of Borrower secured by this Deed of Trust Unless EwtvNlr and Lender agree M ~ forms of payment such
<br />amounts shall be parable upon notice from Lender to Borrower requesting payment hereof. and shall bear rn"West from the
<br />deb of di"reemoint at the rate payable from time to time on outstanding principal under the Mote unless payment u1 interest
<br />at such ►ate would be contrary to applrCable law. in which event such amounts shat boar inlotest at me highest rate
<br />permissible under applicable law Nothing c ontainsd in this paragraph? shell regliitp t ender to incur any expense of take any
<br />action h oreundi♦t
<br />•, towpeclteri. Lender mat -shoot t au" ht tA` madh t00%( -" *tNP Nnitss ,ipt•)n aria ". sieve. tiff ,rf the Ptnot•r►h ptuvided A
<br />that widoorshallgiveRofr oc►iitrr,d.critr—th.dr,yxurt• ••♦ +n• t. •,�rN•; r� �rrn�, ,qr.. , AtSt '1hMtrilirtlrWAildk�ltYi•.iPr�
<br />w4weal in the Peopetty,
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