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1 <br />ro `29•- 105317 <br />• UNIFORM COVENANTS. Borrower and Luoder covenant and agree as 11080ws: <br />. �#Ietoertf of i�et sad itstisnM. Borrower sled! promptly pair when dw the principal of and interest on the <br />indabMdrl�aevidanced�c 6ythaNate. ardiaMtct+ argasssprovidedintheNoWandtheprincip�alotandiMereston <br />my.FuM�te Advances secured by tots of Trust <br />-- - fi111�aiar�aaMaa -- - M ap came Worwi�wr tyi aisr,- <br />onlhedeynsorWtly�ol agarapayaWsundsrtheNote ,unOVoNoteapaidnnfull aaum(fuain <br />" Funds ").i4u!i a oetr ItrMMi of cas and aesesMnanes.w "+a inlortatard over tltia Sao of ilNsot <br />ground reMt on 11iitRrdpsrty. itainypka�otte•1weN8t M�+ty premixrnro <br />prerrdrMn inslarrrnsrNs f or insurance. any, all as reasonably estirrtaMd iNtiaNy and from tithe b tiros try <br />on ttte btaiais a! iaaaaMlNn a11Q bNli and <br />rill aonsble MM11�a �N[e01 <br />The Funds sf tsf l ba hMd M ore► in W lent or► the dspo�ils or d which an insured or guaratNSSd. by a Fadsral or state <br />agency (in0fudrnp Lander it Lender is such sn insNUtionA Lender shall apply the funds b pay said taxes` asaearnafft <br />inam anceorenNumsandaroundrunts. Lendermpy not <br />chfrgNorsoholdinpandap (�IYir�ytftefardt a ingaaida000uM <br />, <br />L <br />on On Funds short be paid to <br />I paid, Lertda shall ual acco <br />or <br />or <br />L7 <br />wvWisachdsbitblhe Funds was made. TtflFundewe Pledged aaaaataonuascun 'YTor vN•w -�. <br />Trust Ifthemnountoll the rends hold by Lander. together with theiulure monthly installments of Funds payAW itx W 10 "due <br />dates of taxes. eameMnernb, iraurancar premiums and (bound `ones, shall exceed the amount required b pay said tuxes, <br />apesernent% insurance premlume and:dou nd rents as tall due. such excess shah be; at Bomowees opboo, signer <br />pr repaid b Borrower or usdrUs f>s:,l orrower on monthly installments of Funds. M the amount of the Funds held_: by <br />i +ender�yattall notbewfrictenttopaytigoiscapa" menu, insurance premiums andgpround.ronlsas they fall due. Borrowerstwl <br />ppaayy to Lender any amount necessary to 4ke up the deficiency within 30 days from the date notice is mailed by Lender to <br />Borrower requesting PaYMSIV1 thereof <br />Upon payment intu11 Ball sums secured bythis Deed of Trust Lendershall promptlyrefundto BorroweranyFundsheidby <br />Lender_ Bundorpwsgrsph 18 hsreotfhe 8ropeR1l issoid or the Property is otherwissacquiredby Lander, Lender shall apply. <br />nolaterthanimmedtateiypriortothess *ro the Property or its acquisition byLender. and Funds held byLenderatthetimepf <br />application as a cr*M against the sums srscured by this Deed of Trust <br />3, Apprlealfon of P!+aerMs. Unless applicable law provides otherwise. all payments received by Lender underthe (l/ale <br />and, par apps / end a2 erh small be applied by Lender first in payment of amounts payable to Lender by Borrower wader <br />par, thereof, thent oin terempayabfeonlheNote .thentotheprincipalor+hisx: one. andthentointsrestandprincipelon <br />any Enure Advances, <br />4. CAargssa t3sae. Borrowers shall Of taxes, assessments and alter charges. fines and impositions attributable talltri. <br />Props+rty whid^i irosv atW n a priority oYaz ."'s Deed of Trust, and teaxwrhaid payments or ground luft it any, in the mwff lr <br />provided undertaragrsph 2,tteree or, 6i'rsgz paid in such manner. by Borrower making ppaayment+; when due. directly to the <br />payee thereof. Barrows` shear, promptitr furnish to Lender ant notices of amounts dd��e undsrthis paragraph. and in the event <br />Borrower shalt make payment, directly. Borrower shall promptly furnish to Lendef receipts evidencing such <br />Borrower shall promptly discharge any lien which has priority over this Deed of TWA provided. that Borrower not be <br />requiredtodisctrarge ysuchlionsolongasBorrowershallagreeInwntingtothepsymentoffheobligationsecuredbysuch <br />lien in a manner acceptable to Lender. or shall in good faith contest such lien by. or dersnd enforcement of such lien in, "I <br />proceedings which operate to prevent the enforcement of the lien or forfeiture or the Property or any pad tdnusof. <br />S. Huard feauraeae. Borrower shalt keep the improvements now existing or hereafter erected on the Property insured <br />agsirsst loss by fire. hazards Included within term "extended coverage ". and such other hazards as Lender may "quire <br />a�cp <br />in such amounts and for such periods as Lender may require: provided, that Lender shall not r irs that the amount or <br />such coversge exceed that amount of coveirags regwired to pay the sums secured by this Deed of Trust <br />Thisinsurancecarrierproviding the hn',suaance shall be chosen by Borrowersubjeet to approval by lender, provided3hat; <br />such approval shall not bo unrcaso nat ,y withheld. All premiums on Insurance policies shat! tee , ld n the manner pawfifod <br />under paragraph 2 hereof or, It not paid in such manner, by BorrowOurraking payment. when due, directly to the insufanas <br />All insurance policies ard; renewals thereof shall be inform accegtable to Le:l0or and shall include a standard morbsge <br />clause in favor oland inform acceptableto Lender. Lendershall have trerightto 11cidthe policiseand renewatsthersooff •and <br />Borrower shall promptly furnish to Lender all renewal noticesend ag, toceipts of paid premiums. In the ~lot toes. Borrower <br />shall Give prompt notice to the insurance carrier and Lender. Lender maj make proof otloss if not made prompOyby Borrower <br />rgWr ^lY�tmfrnan <br />satfsrr;:ttt� to <br />ttlxr r�.rtms sec <br />Uitless Le <br />prattwe the <br />inlWlments. <br />shaill pan toto <br />IL Press` <br />keep the r t <br />or a �prliapnnepd <br />colt road «nit <br />13or u <br />rower orw <br />into and shat <br />T. Proles <br />and Borrower otherwise agree in der <br />I, provided such restoration or repair Is economical+ y feasible and the <br />If such restoration or repair is not economically feasible or if the sec+ <br />ronce proceeds shall be applied to ftws `rums secured by this Deed of 1 <br />corny is abandoned by `rower, exit' aorrower fails o respond tot <br />y Lender to Borrower that the insurance carrier utters to settle a clam <br />rct and �ppty the insuraV1W proceeds at lender's t•O(tnn either to resto <br />by this Deed of Trust. <br />and Borrowerolherwiit *rs,;resinwrtring,anys;jcfslWV� cation of pros <br />date of the monthly insWiments rallam td to in pairagraphs t and 2 he <br />fer paragraph 18 her'er:f mrie Property is Acquired by.lEender, ali d0% tit <br />ciesandinandtothsproesedsttwidrew thngfra mdamaastoihhepn <br />ler to the extant of the slims secured by this Deed: of Trust immedistal <br />of <br />with the excew,: if any. paid to <br />v within 30 days from the date <br />r insurance benefits. Lender Is <br />n or repair of the Property caar to <br />Ito principal "I not extrnddr <br />or change this amount of such <br />d interest of Borrower in and to <br />xtwo such sales or acquarsiuitisiodmn <br />r In good repair and shall riot commit waste Or permit impairment of peterioramy m ovum rropen <br />rovisions otany lease if this Deed of Trust is on a IeasehoM. if this Deed ofTrust is on a unit In a con <br />I development. Borrower shall perform all of Borrower's obligations under the doclaraYon or <br />ning the condominium or planned unit development the by -laws and regulations of the condo <br />Nopnrerrt, and constituent documents. If a condominium or planned unit opm fit rider is <br />orded bgetlrer with this Deed of Trust, the covenants and sgreanrenls of such rider shall be in <br />OM and supplement the covenants and agreements of as Dead of Trust as H the rider were a <br />of Let s Miocurfty. if Borrower fails to perform the covenants and agreements contained in tl <br />lion or proceeding is commenced with materially affects Lender's interest in the Prop". incluc <br />Of <br />then Lender at Lenders option, upon nonce to Borrowerw may marts such epr�rm,wa, wswao avv.. nn..r o.... ,.no <br />action as is roscomaryto protect lender's interest, inciudmg, but not limited to.disbursement of ressonableattorney'shusand <br />try upon the Properyto make (spire. If lender required insurance as a condition of making this loan secured by <br />t�hs peed of Trust, Bprrowar strait pay the premiums required to maintain such insurance in effect until such time as the <br />requirement for such Mnetxance tsrmiroates in accordance with Borrower's and Lender's written agr t or icalbe law. <br />t3rorr mi1!•ll ' Q 4nX rant M all morklags inwranee patmiums in the manner provided under apraph 2 tianof. <br />y amounts -disbursed by Lender pursuant to this paragraph 7, with interest theradn, shaft become spin tsuch <br />indsbtedneee of Borrower secured by this Deed of Trust. Unless rower and lender agreeto ~I erms of payment such <br />amount a shall be pe upon notice from Lander to Borrower requesting payment hereto. and shall bear interest from the <br />dateofdisbu atMnerate payablefromtimetotimeonoutstandingprincipalundertheNoteunlesspaymentofinterest <br />at such rant would be contrary to applicable law. in which event such amounts shall bear interest at the highest rats <br />Perm"" <br />action hereunder <br />t. 1- -pettier`. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided <br />that LenderWallgiveBorrowernoticepriortoanysuchinspectionspecifyingreasonablecsausetheretoreret tedfoLender's <br />interest in the Property <br />K <br />r� <br />�i <br />I-- <br />