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90-146060
<br />UMFORM CO!�VENANTS. Borrower and Leader covenant and agree at follows:
<br />i i �• par,"Ol, e+►iaen-- Nola, stand «IsMcharg as rroovidedInd due
<br />oNoWandq iprin Ipalof Interest an
<br />i ' a maw ad aw by tiw Ol Tom, fig A
<br />�Y �ow �Irhsareeea b lo
<br />able law or to a Wd Osn waiver Lander, pay to Lender
<br />by Borrower shall
<br />on o�iiyrhhgMthlyallentlolMrisnts of orino�ilnd I repara ble undKihe Nolt,, untll the Notels paid in full, a sum (havain
<br />"Fria oini to oms- twaMth of iha fatopl and b which may diem priority over this Deed of Truest and
<br />yyassaMMyy reMsontiMProppry. Hanmy.«plW o�nt- tMrNlyf dfyf r�tyy. premium inshllmenb f«harard lnsumnes. plusone -twaft of
<br />. [erhde► b� of�aM�ssserirarN� and falN and irrpallatils�ilourratu oweoY aslMnated Initially and k+om tins to time by
<br />ThoFumbaW6ahMdln wl insaAdioathsdeposiborsocounbof whichareinsuredorguaranteed ,bya Federal orstate
<br />irtelerarKn�nolUdlhg. if L�rhd b such an inolllrhtlon). Lander shall apply the funds to psy _said taxes. asaessmsnit,
<br />K
<br />pesrmNhms Broundrenls .l.andarnnM�yyn�oteharglabrwhaidi and Mrs SO account
<br />orwsrilyirgaWcotlhpANhgsaid
<br />is Land unlaaaLan ierpa�ys�orrower�sstantllheFurndsaxM law
<br />�Leiwlrrrbmak�sfucha�Borrowarand mays in�wrilinpdeatkrIsalexeeutionMti�ia doff hot .
<br />on tree Funds shall be pall to Borrower. and unwssa such agrasr MM", i node or applicalbs law rep tech
<br />1 trrleeniat teba Lander shall not b� required b Borrower airy, inlsrat or earnN�s on the Funds. i. w4w l;l;iva b
<br />^' annutal of the Funds siwwug credits and dt6ib to llm Fun 4s end the purpwe far
<br />' cheach b>M4t wpmttdtFa�MFundsarepNrl�Wasldditionals�curMytortMwms 's+ttw!tdbya>MOeadpO
<br />of r �!...7• �I .w�iW'F�1 rrWrl�,� i/,ll�flllGNi i�Eij�`li1[1 Ww�, • I r i i
<br />t *I I , �.�:al@ J�pIQI f �IirtIUT►' - t T<
<br />��WCIilINt47�� if( ',�i Hlfl�F 1, i 1, N(" ='f
<br />F 1f�i1�, rm l
<br />?ms0.d+tdudrfsd an�} t1► slpr I't ue wen H
<br />tt orran�aihp payrrnarnt OltsreLd]` N a'' 30 days rDi 1 atAlsiiid'by rib
<br />�1:.., nLsorlKaiMsrr. thsfri�in1WlWpot1illAoarhu e nresoltME�alpssoo�ldior thihrApt ruocaedrtelrrhjoMrsrw�isear�xMeptrrhdto foirbwr any Fundt4ef1Hj
<br />.
<br />uitedby tender Lmdarshallap* 0thess gribacquial
<br />onbyLsndtr .and Funds held byGnderatthstime;R
<br />ahppMooston soap crWt ppsinst the suns secured by this Dead of TWzL
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<br />Unlea applicable law provides otherwise, all payments received by Lander under the Note
<br />anrd 1 and 2 shall be applied by Lender first in payment of amounts payable to Lender by Borrower under
<br />�.
<br />-- - - h:i anlhalf, ewtolhopdncipatoftttallob .and3>itr+birttrsrrst d p:iion
<br />�.. w^t► nrlrare Advanew. -
<br />4. ILMM. Borrowers shell psy al l paces, -1-- nd other ctrsrges Nnes and Impositions attributstrls b tree
<br />Pro�rty w r h relay eMstrt s wioriM over 11YS OMd of Trutt, and lessehotd psym" or ground rents. If awry, Me directly � ..c
<br />txovidsd 2lrasd or. If not paid in such manner. by Borrower making psymont when due.
<br />pps� Nrereol orro i jrW tumleh b Lander sQ notion of amouxds due urid w this paragraph, and In the event
<br />earpwe► tlheN ehsloe .Borrower ehail p omptly lumlth to Lender reeslpt evklenclag such h
<br />SonrD+esr t11hW disdgmge any ilea Weis her priority over thle Dud of Trust: provided. that Borrower ends. -
<br />regrlihrd b ich lien orb long w 8orro'Nsrathsll pros In writing I Rf the trbligatk>!n eecund by such
<br />lien M s h>rsMrar b L,tehdw. or NO In good faith such iipr • «� en>lorwrrrantof such lisp in, ipsl
<br />" proctedirngs operant b llrswr►t the srrt of the I « e of the Properly or any. part #KwW.
<br />B. Ilsesrd laearaahse. Borrower shll {� the Improvements now existing or hereafter invented on the Property insured `
<br />against loss by fire, hoards Includpedd witthhin 8n term "mealy co a- and such other hsrerds as lender may require
<br />sr�idinoot+mKW exceed and amnounnt of ew�sraap required to pay We sums ssrur heeed d�nA t tiw amount of
<br />Thbinwrancecardwproviding dolneunumeWbeahosan by8orrowarsub)odtoaoorovslby Lender. provided.dW
<br />i such approval shall not be unrese& ably withhold. All premtums on insurance policies she t bepaid in the manner provkied
<br />i � peraprspih 2lfersof or. if not paid in such nuun er. by Borrower maWng payment. when duo diredly b the Inw once
<br />All Insurance policies end renewals thereof shall be in form acceptabts to Lender and shall Include a standard mmpprrftp�s�ss
<br />cfauMlntworofandinfam toLender Lendershallhawthe htto hold the iclseandrenewalsihar
<br />Borrowsrslhatl lumbhbLrhdsrallnrheivdnotasandWroai iofpaldpnrniums.1rilbo Wntoltoss.8orrower -
<br />..
<br />give btMlnsutsnacerrierund Lendermsyma eproMoflossifnotnudeprompt lybyBompwer _
<br />t • Unitas othetwiesagenhs In w , lnsuranw shall bs appliedto Motorsudn or repair of lM
<br />Propety such rosbraton or ropak Is eoono Iy iseelbte and tires t�ity of this Deed of Trutt is not .:•r! ' f
<br />such restoration or repair Is not eoonomW y fabfWe or it the of BYt DOW of Truro would be ,
<br />proceeds shill be @pplied to ore suns by tits Ossd of Trask with the Naess. It 0". paid to
<br />fgomOwara. VA s abandoned fhr /�eflrr . «if Borrower bi to respond to I.Ander within 30 drys from the dale i
<br />' no"ce Is tnsilsd to eorrowsr that tone Insurance carder offers to settle a claim for Insurance benefits. Lander is
<br />Mulhodwdl000lloctsiridl ifilytheinsurancep roceeds at i.erhd * option Mther to restorsoon or repair of the Property or to `
<br />tMU� sepuredbtr finis Died of Trent ;
<br />Ler�l�rsnd8ornowerotre►wiee inwddng any such application of eedetopdneipalshallnotextendor
<br />i 1 'lire dw dqs of ft n wnthy Inds IN relerrea to in par�r�hs 1 and 2'MW «ciwr� the amount of such
<br />an�y�M gaper pa r�eph 18 Mreot the P� raec�gwluired by Curl or�all k title and inbreed d Borrower in and to
<br />strippassbLsrntlabttre� >�isourod tlNstlOid�ofTrentTmio Ptopartypriortothesrslsoraaaoqqui�sition - --
<br />L PresaWesaad p f �qp�y; �; prior to such isle or acquisition.
<br />kip yr ti� UIhN —d tine IPiop�irty and shell
<br />r��Ir� "I not commit waste or permit mhentof
<br />��tif+srtyl..!#tltbQ.:dofTrutstb e�B thbOesdo /Trustisarsunitinaeorhdonrinium _
<br />ors rrtNt thheH perform aN of Borrows obligsbhu under the declaaVon or covenant
<br />crooft
<br />orpa%mkrp 7i0 or ptenrred unit deyilopmtlrtt. the by-laws and rpulallone of the condominium or
<br />war Iiantdt �logsl�W w�Ds�ol Tft t #ni covvenaan _a�_nd a�i�� roa�ehili�bs� enoor�i d
<br />NOWVNM WNWan.wKranv MUFF" nwn uw iNWawrrs sno agrerrnro rm or mn imm or mar ns aim ricw were a part hereof.
<br />1 T «g of Lerhdsr's If Borrower fait b perform the covenant and sgrear»nb oont�akMd in ti fDsed of
<br />rag b commenced with msttrMy aJNds Lender's intareol in the Properly Includ but rot
<br />lirlAmd . .code�k.or or procaedlrgslnvolvingaf�an�Cruptordecederrt,
<br />Win. p arp �. a 1is 8brnrwwx.. rr�ecyt ai?pswrencee. disburse such Burns and take such
<br />l . , sin . ihtiCtrrort ti�dit, idpebr> rr�rnerrtofreasonableattornsysteesand
<br />�►n 311.,spMterr , O&SO&OwdWunolmolt VilmIosns curd by
<br />;1 atYpcQ until sun MOO*
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<br />tr { f1, ecrl�afi Bisslrarlp in N,'i
<br />,L`+n •1 arittjend.rawritten crappkalloalaw. +" ,
<br />rI 3 .t0 WMAR er provided u�ra�reph 2 helreoL °I;�'
<br />4b' „ itional 1:
<br />;t,; jt Ftbt ' wsritnd: dategrentootfnerterms ofp�syment, eh
<br />Lerrdert* Boma rru6quasilnp ttllttfnlreot;arrd etrsN >pesr NMS It<ro tfhe '
<br />de> ttiofAMthlhraseps�arhl +fronhtipNbWneon n�lu�nde .Ylrelxtanlost
<br />at each Oee f;ttlMrest
<br />u taw.b aonWrnadlntrtloh event unounb ehadl bear tnierest at rate
<br />paragraph7 shWrequk *LwkWtoineurwhyexpeneeortalesny ;
<br />':' iotlorhhgeondK ,
<br />tl. rtl lender may make or cause to be made reasonable entries upon and Inspections of the Property, provided
<br />*11611 ullhgive, BorrowINnoticepriorbanysuchInspectionspecifyingreasonablecausetherefore ►eialedtoLander's
<br />N-IN in the Prapom.
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