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<br />g9_ 104562
<br />UNIFORM COVENANTS Borrower and Lender covenant and agree as follows:
<br />1. Pay VA of Prirlt:ipai a" kAwalL Borrower shaft promptly pay when due the principal of and interest ort tb?tt
<br />indabtadnaasevidtncadbytheNole.pr. egymentandlatecharpesasprovidedIntheNote .andfheprinapelofand111toreston
<br />any Future-Advances secured by the Deed of Trust.
<br />R. Fouls lerTwsandthwirartoe.Subjacito applicable law ortoa written waiverbyLsrtder .RarrowersMalpayfoLar<W
<br />on tfteday nrortlhtyinslaNnartbot pnncrpsl arld interest are payable under"Note. until ft Noll is paid infull.a suer #W in
<br />.11. s"� squat to one -ttwe fth of the yearly taxes and assessments which may attain priority over this Dead of Trwk wd
<br />ground renbon the Property, i1 any, plus one - twelfth olyearty premium installments forhazard lnsumnce. ptusor*- tW*ft, t t
<br />yyearly priemiutn instalkrNnb for insurance, rf any, all as reasonably estimated inibelty and from time to tlmo by
<br />Lend the ba*is e! ass�„srxstb andfoilfs and reas!+n . l+stimat4s thereof.
<br />The Funds shaft be held in an institution Me depasks ar accounts of which are insured orguaranbed, by s. Federal ors"
<br />agency
<br />(if
<br />cluding Lender it Lender is such an institution). Lender shall apply the funds to pay said taxers, a fsgsmenib,
<br />irtwranr; a pramwms and prounfl rents. Lender may not charge for so holding and applying the Funds. analysing said account
<br />orverifyrnQandcompilingsaidassessmentsandbil ls. unlessLendofpaysBorrowerintitrestontheFundsand taw
<br />Perms% Lendertomskesuchacriarga. 8orrowerandLendermayagreemwritingetthetinteotexecutionoflhiti of7rtat
<br />that interest on fife Funds shall be paid to Borrower, and unless such agreement is made or apolical6e law rt�urrse artctt
<br />interest to be Lender shall not be required to pay Borrower any Interest or earninoson the FFunds. Lender shall glue to
<br />Borrower. witfwut charg�ee an annual accounting of tits Funds showirtg:c�redits and debits to thef =unds arttt Mere purges ter
<br />which each debit to ft Funds was made. The Funds are pledged aa:rtlanal security for the sums secured kilt thls Deed of
<br />TwtR .
<br />if: Me amount of the fund¢ held by Lender, together with the futury rfl7nthly installments of Funds payable t?ri'fsr tothe due
<br />daA7rF bf taxes; atsessrrtenb. insurance premiums and ground rent's, shalt exceed the amount required to pay. laid lisim.
<br />a' meets, rrtaiirance premiums end ground rents as they fS11 r,: e, such excess shall be, at Borrowers option,. eiff�ter
<br />promptly re�aid fr7 Borrower or credited fo Borrower on mormhy it eW.- Owens of funds. If the amount of to Funds We V�
<br />leittf>lrsttat noitiesuificierrttopaytaxes. assessments. insurancercenswms and ground rents as they fall duai .8orrowersl 1
<br />pxx trx t ender any amount necessary to make up �e de`ir►encS► within 30 days from "date notice is mailed by Wider td
<br />t�omower requesting payment thereof
<br />tlponpaymentintullafallsumssecuredbythisQeedo !Trust Lender snail promptly refund toBorrowerany Funds hold by
<br />Lender. H under paragraph l8 hereof the ProDerry is soldcethe Property isotherwise acquired by Lender, Lendershall apply,
<br />no later than immediately prior to the saleof the Property or its acgiris teen by lender, and Funds held by Lenderatthetimeof
<br />application ea a credit aigainst the sums secured by this teed at Tr Et.
<br />3. Appliealloh M Payreertb. Unless apphcabie law; r ±a rides other Wise, all payments received by Lender under the Note
<br />and pa aphs 1 and 2 barest itf;atl tee applied by Lerd 1ir3t an Gayfoent cf 8mr:.itms payable to Lender Ey 18orrawer under
<br />paragrap i 2 hereof, then to mtEr>;st payable on the Note, tfsitn to the Grsrr Asa; rf ttTe rime. and then to intefost: Ind ;erCipat on
<br />any Future Advv -,ass.
<br />•. Chargea;Ji; jws. Borrowers shall pay atltaxes, assessments anti r.-tvr charges, fines and impositionsaffrbctablNtYt -the
<br />Property which m &r attain a priority over this Deed of Trust and lea . -old payments or graurd rents, if any, in the manger
<br />provided under paragraph 2 hereof or, of not paid in such manner, by Borrower making p�ayment when due, directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under Wis paragraph, and in the event
<br />Borrower shall make payment directly. Borrower shall promptly furnish to Lender raceiptts evidencing such pa is.
<br />Borrower shall promptly discharge any hen which has priority over this Deed of Trust provided, that Borrower shaft not be
<br />required to dischargeany such lien so long as Borrower shalt agree in writing to the payment of the obligation securedbysueh
<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 hen or forfeiture of the Properly cc any part thereof.
<br />S. Hazard Irtsuraace. Borrower shall keep the improvements now existing or I%afeatfer erected on the Property insured
<br />against toss by fire, hazards included within the term "extended coverage ". and such other iriazards as Lender may require
<br />and in such amounts and for fi 5 rtt periods as lender mrf•� require. provided. that Lender snsii r.>rt require that the amount of
<br />such coverage exceed that a�ngtiht of coverage reQiilrur -io pay the sums secured by t mi, Deed of Trust
<br />This insurance carrier providing the insurance stroll f e chosen by Borrower autitect tr, a ^pprrival by Lender, provided.that
<br />such approval sha.A not be unreasonably withhed. Ali tpemiumn c.rt insurance policies shallZa paid in themanner provided
<br />under paragrapr, 2 hereof or, if not paid in suet-, manner, by Borrower making payment. when due, directly to the insurance
<br />carrier.
<br />All insurance policies and renewals thereof sr as brr: ii! form acceptable tip Lender and shall include a standard mortgage
<br />hullVz o. in favor ofandintormacceptabletoLender triz�frjfenallhavethrr� htto' tRdtllitepoliciesandrenewalsthereo f,and
<br />9D all �tpQirfAmm14ms .Intheevenlofloss.Borrower
<br />t; give f ort'(Si notice to the ii,sursnce caaier and Lender Lender rnali ,flaicrt Groot sf lots it MCA madepromptly by Borrower.
<br />�htl+ xaleeiern� 'k�rrandBorrawerotharwise;t �eeinwnting msur. 3ncegc; CeednSne�lbeapolilsl w restoration orrepairofthe
<br />rrx�a,perry danWigfyd, provided such restorat;�r. or repair is econamu;alltf GlAaahle and the secur ty of this Dead of Trust is not
<br />dart ceoy impaired tf Such restoration o► reCarr is noteronomicauta Igaaahltr ar it the security of this Deed of Trust would be
<br />irr Ited, the insurance proceeds eriail be applied to the sums ssrured b this pecsct. of Trust, with the excess. If any, paid to
<br />Borrower. if the Property is abandoned by borrower, or if Borrower faits to responri to Lender within 30 days from the date
<br />notice is nta6*$ try Lender to Borrower w Me insurance carrier Mers to settle a claim for frisurence benefits. Lender is
<br />authorized to c•G^I act and apply the insurar ce proceeds at Lender't: option either to resturati siTar repair of the Property or to
<br />the sums sec:ftr*d by tftis Deed of Trust.
<br />• Llmles* Lender and Borrows otherwise agree in writing, any saf:�5 Kpplicahon of proceeds to principal shall not extend or
<br />p!Movne the due date of the monthly installments re!arrrad to in paragraphs. t and 2 hereof or change the amount of such
<br />immI41iments. It under paragraph 18 hereof the Property is nc,4uired by Lender. all dil 1. title and interest of Borrower in and to
<br />ar,^b 4r, sursnce policies and in and to the proceeds thereof resu lting from damage tat? a Property prior lathe sale or acquisition
<br />shelf pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such sate or acquisitiom.
<br />g. PreeenratihrinandMMnMnaneeofPr ogerty; leeeehoWs ;Co+e4eetiN+m ;PlMtnedUnit Borrower�ali
<br />keep IM Propbtl; m good repair and share n-0 commit waste or pm,mit impairment of deterioration o the Property and s1naR.
<br />e4mmyy with the provisions of any lease ittt i % Deed ofTruV,,isonaleaaehold If this Deed of Trust Isonaunitirtacondomintrm
<br />ryra.planned unit devetoi#mwl, Borrower shall petl�ir,tt *1 of Borrower's obligilli7ns under the declarativ., or covenants
<br />Creating or goverroing tr* *:indomimum or planned ur..tt. development. the by-4m5-and regulations of the c r..dominiunt or
<br />planned uni. development, and constrtuer"t documents. It a condominium or p1hiw,ed unit development rider is excuted by
<br />rower and ferorded together with this I1e4d of Trust, the covenants and aeements of such rider shall be incorperutted
<br />into and shalt -amend and supplement the ct.,vanards and agreements of this Deed of Trust as if the rider were a pail horn M.
<br />7. PiafiacWN+et Lender's Secuf y. It B.:41 i;iver fails to perform the covenants and agreements conta!r 6r m this Deed of
<br />Trust or if any action or proceeding is coma vdA: Wt with materially affects Lender's interest in the Proper'p , irl:l-rdmgbut not
<br />1111 to. eminent domain. insolvency, code gcf- ot:mm>ei,t,orarrangements or proceedings involving aWtirurtordecadent
<br />their lender at Lender's option, upon notice t" 13ia rr,i ►, may make such appearances, disburse such sums and take such
<br />action as isrecessary to protect Lender's sr! feast;' a^ ctudmpp, but notlimitedto, disbursementofreasonableattorney 'sfeesand
<br />WW upon the Property tomakirepairs .0,a[iderrequiredmortgage insurance as a condition otmaking the loan secured by
<br />the Oeed of Trust. Borrows shall pay the premiums required to maintain such insurance in effect unit such time as the
<br />ragiuirainantforsuchinsurancetermnafasin accordance with Borrower' sardLN'tiNr'swrittensgreemsn0IF, "be law.
<br />Sorrower shelf pay the amrwnf of all mores" insurance premiums in the mMOVlr provided under par 1112 here8f.
<br />Anyy sniotfn disbursed by Lender pursuant to this paragraph 7, with interest thereon, shalt ome additional
<br />rrideny- amour BorrowssecuredbythisDeedofTrustUnlessBorrowerendLenderagreetoother termsofpayment,such
<br />amounts *flail be peyWo upon notice from Lender to Borrower requesting payment hereof, and shall bear interest frorn the
<br />da%Of disbursementat the We payable from lime to time on outstanding rincipal under the Note unless payment otinterost
<br />at such rate would be contrary to applicable law. in which event sucE amounts shall fear interest et the highest rate
<br />pera►issibte under applicablelaw Notfiangcontainedinthi spafagraph7shallrequireLendertoincuranyexpenseortakeany
<br />action hereunder
<br />S. fa poppet. i.enner may make of cause ttj tie inaUf) wasunabie e wiles upon and inspections of tIp-propvrty. povidod
<br />Trial celiftlAtrip:veWjrr0* Er ptolinyavchlnspo:,h;a spec: fjing reasr ;n,^jb:C cause therelotdrelat 9ttordur'9
<br />in%test art the Pfvpefrry
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