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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 89"" 104854
<br />I. Payment of Principal and InUrast Borrower shall promptly pay when due the principal of and interest on the
<br />indebtednessevidenced bytheNot*. prep�ymentandlatechargesas provided in the Note. andtheprincipal of and intereston
<br />any Future Advances secured by the Deed of Trust.
<br />L Fundellw7wee mid Inwwonew Subjectto applicable law orto a written waiver by Lender, Borrower shall pay to Lender
<br />on the day monthly installmentsof principal and interestare payable underthe Note. until the Note Is paid infull. a sum (herein
<br />"Funds ") equal to one - twelfth of the yearly taxes and assessments which may attain priority over this Deed of Trust and
<br />ground rents ca theProperty, if any, plus one- twelfth ofyyearlypremiuminstalimentsfor hazard insurance, plus one - twelfth of
<br />teary premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments andbilfs and reasonable estimates thereof.
<br />The Funds shall be held in an institution thedepositsoraccounts of which are insured orggua�anlesd, by a federal orslate
<br />agency (including L @rider, if. Lender is such an institution). Lender shalt apply the tunds't0 alt said taxes assessments.
<br />in�urancepremiurtasarsdQrcundrents. Lendermaynatchargeforsoholdingandapplyingthe unds,analyzingsaidaccount
<br />orverifyingarttim (silingsaidassessmentsandb lts, unlessLenderpays Borrower intereston the Funds and applicable law
<br />permits f enditi I±� rr;, k9 such a charge. Borrower and Lender may agree in writing at the time of execution ofthis Deed of Trust
<br />that interest orr 11th undo shall be paid to E3orrowe►, and un ?es�a rrych agreement is made or epplicabbe law requires such
<br />interest to be Gafd:1:>afrdershall not ire required to payraxcst?y;nterest or earnings on the Funds. Lender shalt give to
<br />Borrower. w *iota charge. an annual accounting of t� .t-ur„ s' awing credits and debits to the Funds and the purpose for
<br />whicheacfidetittofitel�at dswasmade.TheFund &z 7a?cter3 ertasadditionalsecurityforthesumssecuredbythisDeedof
<br />Trust
<br />If the amou ftc1the 64i; held by Lender. togetNr*,It~ V- !,;;,,,lira monthly installments of Funds payable prior to" due
<br />dates.of taxes;as essmerts. insurance premiums a�i. is r+ is, shall exceed the amount required to pay said taxes,
<br />assessmerft� 47�urance premiums and ground rerts they W3 due, such excess shall be, at Borrower's option, either
<br />promptly re `916 Borne* or credited to Borrowerwi; monthly ly installments of Funds. if the amount of the Funds held by
<br />Lrg� er shal not besuff:co-otto pay taxes. assessments i isurance premrumsandground rentsastheyfall due. Borrowershall
<br />t llower Lender any amoda necessary to make up the �eficiency.within 30 drays from the date notice is mailed by Lender to
<br />ower requesting payment thereof.
<br />Upon payment in full ofall sums secured by this Deed ofTrust , Lender shaltpromollyreftn. =Sor.+rreanyFundsheldby
<br />Lender. It under paragraph IS hereofthe Property is sold or the Property is t_endershallapply.
<br />Fto later than immediately prior to the sale ofthe ► operryoritsacquisit ionbyi.r�feer, and! --u?d lietdbyLenderatthetimeof
<br />40plication as a credit against the sums secured by this Deed of Trust
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under the Note
<br />and paragraphs t and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under
<br />paragraph 2 hereof, then to interest payable on the Note. then to the principal of the Note, and then to interestand principal on
<br />any Future Advances.
<br />4. Charges; Liens. Borrowers shal I pay all taxes, assessments and other charges, fines and impositions attributable to the
<br />Property which may attain a priority over this Deed 0 Trust, and leasehold payments or ground rents, if any, in the manner
<br />�n*ded under paragraph-.2 hereof or, if not paid In such manner, by Borrower making payment, when.due, directly to the
<br />ly4w thereof. Borrower shall promptly furnish to Lender all notices of amouni:�due undorthis paragraph, and in the event
<br />ewer shall make payment directly. Borrower shall promptly furnish Ira fernier receipts evidencing such payments.
<br />Sdrrower shall promptly discharge any lien which has priority over this Deed of Trust; provided, that Borrower shall not be
<br />requiredtodischargeainy such lien so long as Borrowershall agree in writing tothe paymentoffte obligationsecuredbysuch
<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 />iroceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />;tgainst 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 amount of coverage required to pay the sums secured by this Deed of Trust.
<br />This insurance carrier providing the insurance shall bechosen 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 to the manner provided
<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 in form acceptable to Leader and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender shall have the right io hold the policies and renewals thereof. and
<br />Borrower shall promptiy furnish to Lender all renewal notices and at receipts of paid premiums. In the eventof loss. Borrower
<br />shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if: not made promptly by Borrower
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration at repair of the
<br />Property damaged, provided such restoration or repair is economically feasible and the security of this Ceed of.Trust is not,
<br />thereby impaired. If such restoration or repair is rcl economically feasible cr it the security of this Deed ohTruut,woulo be
<br />impaired, the insurance proceeds shall boa pp i
<br />lied to the sums secured by this Geed of Trust, with the excess, il:dny, paid to
<br />Borrower. If the Property is abandoned by Borrower, or f Borrower fails to respond to Lender within 30 days from the date
<br />notice is mailed by Lender to Borrower that the insurance carrier offers to settle a, claim for insurance benefitb, Lender is
<br />authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property orto
<br />the sums secured by this Deed of Trust.
<br />Unless Lender and (Borrower otherwise agree in writing, any such applicattar. of proceeds to principal shall not extend or
<br />postpone the due date of the monthly installments referred to in paragraphs t and 2 hereof or change the amount of such
<br />installments. If under paragraph 18 hereof the Property is acquired by Lender. all right. title and interest of Borrower in and to
<br />any insurance policies and to and to the proceeds thereof resulting from damagetothhe Property priorto the sale or acquisition
<br />shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such sale or acquisition.
<br />G. Preservation and Maintenance of Property; Lassshdds; Condominiums; Planned UnR Borrower shall
<br />keep the Property in good repair and shall not commil waste or permit impairment of deterioration of ttrr property and shall
<br />comply with the provisions of any lease if this Deefl'af Trust is on a leasehold. It this Deed of Trust is on a unit in a condominium
<br />or a planned unit development, Borrower sha!i patIc m all of Borrower's otitgations under the declaration or covenants
<br />creating or governing the condominium or planned unit development, the by -laws and regulations of the condominium or
<br />planned unit development, and constituent documents. if a condsminium or planned unit development rider is excused by
<br />Borrower and recorded together with this Deed or Trust the covenants and agreements of such rider shall be incorporated
<br />intoand shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a part hereof.
<br />7. Prolsetlon of lender's Security. if Borrower fails to perform the covenants and agreements contained in this Deed of
<br />Trust, or if any action or proceeding is commenced with materially affects Lender's interest in the Property, including but not
<br />limited to.eminentdomain, insolvency, code enforcement, or arrangementsor proceedings involving bankruptordecedent,
<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 necessary to 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 insurance as a condition of making the loan secured by
<br />the DDe$eedd of Trust. Borrower shall pay the premiums required to maintain such insurance in effect until such time as the
<br />requirement for such insurance terminates in accordance with Borrowers and lender's written agreement or applicabbe law.
<br />Borrower shall pay tfte amount of all mortgage insurance permiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this pparagyraph 7, with interest thereon, shall come additional
<br />indWGdness of Corrower secured by this Deed of =rust. Un ess Bct►fowef and Lender agree toother teifos o1payment; such
<br />amounts shall be payable upon notice from Lender to Borrower requestirig payment her--of, and shall bear interest from the
<br />dateof disbursementat the rate payable from time to time on outstanding-principal under the Note unless paymentof interest
<br />at such rate would be contrary to applicable law. in which event such amounts shall bear interest at the highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take any
<br />action hereunder
<br />e. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provide
<br />that Lender shalt give Borrower notice prior to any such inspection specifying reasonable cause therefore related to Lender'
<br />interest in lire Property
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