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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />90- --106804
<br />1. Payment of Principal and Interest Borrower shall promptly pay when due the principal of and interest on the
<br />Indebtedness evidenced by the Nole, ptepayment anti late charges as provided in the Note. and the principal of and interest an
<br />any Future Advances secured by the Deed of Trust
<br />2. Funds for Tax" and Insurance. Subject to applicable law or to a written waiver by Lender, Bo , until the Nola is paid paid i shall pay n lull, a sum (herein
<br />Lender
<br />on the day monthly installments of principal and inteiestare payable under the Note
<br />or this Deed
<br />"Funds') equal to one - twelfth of the yearly taxes and assessments which may attain priority ov in Tt l and
<br />plus on
<br />ground rents on the Property, If any, plus one - twelfth of yearly premium installments for hazard Insurance, e - twee lfth of
<br />yearly 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 and bills and reasonable estimates thereof.
<br />The Funds small be held In an institution the deposiq or accounts of which are Insured or guaranteed, by a Federal or state
<br />agency (including Lender if Lender is such an institution). Lender shall apply the funds to pay said taxes, assessments.
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said acCCURt
<br />or veritlring tlnct compiling said assessments and trills, unless Lender pays Porrower interest en the Funds and apptrcable law
<br />Pe it Lender to make such a charge. l3arawer and Lender may agree in writing atthe timeotexecueOn of trtis deed of Trust
<br />that int2 a ~Y on the Funds shall be paid to Borrower, and unless such agreement is made Or eppticalbe law r etrrea tact✓
<br />tha 0st to be aid, Lender shall not be required t0 pay Borower any interest ar earnings an the Funds. lender. sl�att gixe, t4r
<br />!3orrower, without charge, an annual accounting Of th© Funds showing credits' nd debits to the Farads and tine p WtiYd:Jd tc►c
<br />which each debit to the Funds was made. The Fundsare pledged as additional security forthesurrns secured Qrytttris Deed o?
<br />Trust
<br />If the amount of the funds held by Lender, together with the future monthly installments of Funds: payable prior to the dine
<br />dates of taxes. assessments, insurance premiums and ground rents, shall exceed the amount tequrred to pay said 18 xm
<br />assessments, insurance premiums and ground rents as they, fall due, such excess shall be, at Borrowers option, ei0m
<br />promptly repaid to Borrower or credited to Borrower on rnenlF installments of Funds. if the amount of the Funds held by
<br />Lander shall not be suff+mentto pay taxes, assessments.,nsurance lrremiumsand ground rentsastheyfall due. l3anrami67shal.1 .
<br />pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is marled 4'y: LrarrslM trT
<br />Borrower requesting payment thereol.
<br />Upon p aj:ment in toil of all sums secured by this Deed of Trust, Leader shall promptly refund to Borrower any Fwr'rdS Nar�12
<br />Lendw,.,l•,z n:ter patagralzh 18 hereotthe Property is sold orthe Pvtape rt} is otherwise acquired by Lender, Lender sale,: Melf•
<br />nola+ tsrtax trmmodiate`? rpriortothesateofthePropertyoritsacNws+ iionbyLender ,andFundsheldbyLender,at'the "rit 9
<br />appllcawia as a credFt arc nst the sums secured by this Deed of 3rust
<br />3. Application ot>aftwilints. unless applicable law provides otherwise, all payments received by Lender un.1iw't'le NOte
<br />and paragraphs land Z : ^erect Strall, be applied by Lender first in payment of amounts payable to Lender by Bornz ewer under
<br />P
<br />2 hereof, then to interest par +able on the Note, then tothe principal of t+re Note, and then to interestaT3prncipal on
<br />any Future Advances.
<br />4. 0111VT 908: liens. Borrows- ns'nai oay all taxes, assessments and other charges, fines and moositions attributable to the
<br />Proper g ✓which may attar a pri, a•' =g.er• this Deed of Trust. and leasehold payments or gro'and rents. if any, in the marrarer
<br />v.ovided under paragrW12 heaeo^r . rs not paid in such manner, by Borrower making payment, when due. directly to %ae
<br />psi ee t'nareol. Borrows- sl! a1.1 prom ry furnish to Lender all notices of amounts .due under this paagraph, and i et the event
<br />Gilirawier shall make, fw- r,me ^* a'rectiy, Borrower shall promptly furnish to Lender receipts evidencing such payments
<br />92mawei shall prornptryr J%soarge any lien which has priority over this Deed of Trust provided, that Borrower shall not be
<br />requc r, ed tC discharge any such lien so tong as Borrower shall agree in writing to the payment of the obligation secured by such
<br />lien in a,marner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien in_ fega'
<br />proceedr�gs 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 Pro;". knsufed
<br />against loss by tire, Rta�a-ds included within the term "extended coverage", and such other hazards as Lender, mrF require
<br />and in such amounts a ^d for such periods as Lerrrier rrray reyu�ra: iJrcvcdad, that Larder shelf riot r_ wire ?h @r' l v!NaL count of
<br />such coverage exceed that amount o} coverage required to pay the sums secured by this Deed c f rust
<br />This insurance carrier providing the insurance shall be chosen by Borrower subjecito a proval by Lender: ;rovided.that
<br />undo approval
<br />paragraph 2lhereof unreasonably
<br />r, if not paid in such Imanlner. by Borrower mak ng payment when due ,� r ' -y to the insurance
<br />carrier.
<br />All insurance policies and renewals thereof shall be inform acceptable to Lender and shat: inc PQlea sta^mard mortgage
<br />clause in favor of and in norm acceptable to Lender. Lender shall have the right to hold the policies aa2 :eTiewvsClereof, and
<br />Borrower shall prompt:y `umish to Lender all renewal notices and all receipts of paid premiums. IT., the ev erit ` r26s• Borrower
<br />shall give prompt notice to the insurance carrier and Lender. Lender may make prootof loss it rat --z.e pfampf'� L ^y Borrower.
<br />Un"ss Lender and Borrower otherwise agree in writing, insurance proceeds shall be app jew`,c, res1cral :Cn or repair of the
<br />Propert? damaged, provided such resin)-ation or repair is economically feasible and the see -v-i1 of thhis Deed of Trust is n.01!
<br />thereby gr paired. If such restorat•'.0n -,Y- -epair is not economically'.easible or if the security cl• ii?,rs Deed of Trust would Cie
<br />impaired, the insurance proceeds era r' Ce applied to the sums secured by this Deed of Trust, wits¢ the excess. if any, pain tZ
<br />Borrower. If the Property is abandores ty Borrower, or if Borrower fails to respond to Lender within 30 daps from the date
<br />notice is mailed by Lender to Borrc" -Aer 4frat the s.- su:rance carrier offers to semea claim for insurance benefits, Lender is
<br />autharzed to collect and apply the vnsv-ar?ce prccae f>s at Londe; s vption ertner to restoration or repair of r.e Property or to
<br />the suer✓:, secured by this Deed et
<br />Uffess Lender and Borrower ovterwse &;-ee ri writing, arF sucn application of proceeds M principal shall not extend or
<br />postpone the due date of the ,tsfallhients referred to in paragraphs 1 and 2 here0l cr d *tango the amount of such
<br />installments. If under para raph ?3'aereof the Property is acquired by Lender, all right title arl i terest of Borrower in and to
<br />any insurance poiiciesanT n and to the proceedsthereof resulting from damacve u0the Property prior to the saa or acquisition
<br />shall pass to Lender ra tpre extent of the sums secured by this Deed of Trust i- mediately prior to such sate er acquisition.
<br />6. Preservation aad Maintenance of Property; Leaseholds; Condominiums; Planned Unit DevelopmerAm. &rrower shall
<br />keep lMe Property in good repair and shall not commit waste or permit impairment of deterrcm, "an of the Property and shall
<br />comps. *4 1ritheprovisionsofanyleaseifthisDeedofTrustison. ieasehold.Ilthis Deed ofTr,ssr'rsenaunitrrracondominium
<br />or a p4wined unit development Borrower shall perform all o` S_rrower s obligations unkie 'tSia leclaratich or covenants
<br />crr aum�� at governing the condominium or planned unit deve,,:r r ent. the by -laws and requl.at-ans of ttre cAndominium or
<br />larrre unit devetogment. and constituent documents. It a corticrninwm or *i,ained and 4eeelapment rn; e• rs exCUted by
<br />Barrou.er and reccrdedtogether with this Deed t,Trust. the covenantsand s�a+ements of such rider s!^al +brairtCOrporated
<br />-1rift arrd shall amend and supp'ement the coven' �:r-_ and agreements of tt..: `� �e 1 at Trust as ri the ricrer •*c e a part hereof.
<br />T. Pmteetion of Lender's SetWitr•. if Barrow rer %axis to perta,rm the coven,; ,,m— and agirc -A'nb its ccatau•red, in this Deed of
<br />Tru.,bf;.ur it any action or proceed!r, g,is cammencej with materv)} affects Lender's interest•.ril!vl-e Properry,imcluding but not
<br />limitediu . eminent domain. insoliva' y, r:xz," eer, r4rcement. orarr+ argementsororoceedi.^ .cr,ivalvingabankruptordecedwt;
<br />then Lender at Lender's option ;upan I-pac.e -w Narrower, may+niike such appearances, dictume such sumo and take .ucii
<br />action as is necessary-it) iirotect Lenders rnt-rC -0t rnr_l uding, but not limited to, d sb ursemeM of reasonable r tmmey's fees an d
<br />entry upon the Properly to make repairs. If LenitGr required mortgage insurance:a a condition of makir 4,ilia burr secured ley
<br />the Deed of Trust. Borrower shall pay the pn:inrumrs required to maintain such , nsurance in effect arts!.4uch time as the
<br />requirement for such insurance terminates in accianiancewith Bacrower'sand lender's written agreeme0aragplicalbe law.
<br />Borrower shall pay the amount of all mortgage insurance pe mrwns in the manner provided,under'paa�rog-.-�;h 2 hereof. .
<br />Any amounts disbursed by Lender pursuant to this para2raph 7. with interest them✓✓. shall :.bu�rne additional
<br />indebtedness of Borrower secured by this Deed of Trust llr lees Borrower and Lender agree to etttei rarmri.ctpayment, such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment hereof, and shall bew-in *rest from the
<br />date of disbursement at the rate payable from time to time on outstanding principal under the Note unless liaymLW of interest
<br />at such rate would be contrary to applicable law. in which event such amounts shall bear interest at ilia highest rate
<br />permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur anyexpense or take any
<br />action hereunder.
<br />S. inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefore related to lender's
<br />interest in the Property.
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