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<br /> � . . � i UNIFORM COVENRNTS.B�rrovrer and L�nder couenant anc!agre8 as blia�vs:
<br /> � 1. Raya4e2n4 of RNn�tp�!and Irt�eaest.Borravrar shali promptty pay�vhan due tha principsl and interes4 indebtedrtsss
<br /> � avidenced by the{�ota and late charges as provid2d in the Nate.
<br /> ` 2. Funtis tflrTaxes and Insuranc8.Sub;act to applicab!e lav�or a�vritten waiver by Lertder,Bortotirsr shali pay ro Lendar �
<br /> � on fhe Qay rtconthty payments of princi�al and ir�eresi are payabfa un�ar th��l�ie,unti!Uta Note is paid in futl,a sum(herein
<br /> � ' "Furtds'�eq�al to ona-tvvelRh of tl�►e yzarly taxas a�'id ass$ssmarr� (tncluding condom:nium and ptanned unit davefopmar►9 �
<br /> . ' i assessmsrtts,if any)�vt►ioh may attain priority over thls Qead of Trust,and grourt�re�on tha Propert}r,if any,plus ane-tvrelfth �
<br /> � of yEariy pras�s;um insl3tlmen�s br hazard insuranoe,plus one�twalfth of y�ny premiuen installmertts tor lttertgage insurance,if
<br /> • � any,a�J as ressonably estimafed ini�a[ly and fram tima to time by Len�Br on tha basis of a�essments artd bi'!s arsd rea�anable �,
<br /> ' � es6rttates Utereof.6orrawar shall rtoi be obligat�d to mak�such payments of Funds to Lender to the extent that Bflrro1rer�nakes '�•
<br /> i
<br /> • :.. = s��t►paym2nts to Ure hatdsr of�priar rt►orYgage or dead of Wst'rf sur.h hc'Qar rs an ir�Gtu�flnai tenQer. �-:
<br /> � � If Borrower pays �unds�Q,�.ender,tha �unds shail Ba hetd ir�ert institut�an the dapasits or�cc�un2s of�hich are =
<br />� � �? insured ot guaraateed 6y a Federal or siate agertcy(insiuding Len24ar if Lendar is such an institution).Lertder shatl appfy ^
<br /> the Funds to p�y&aId taxes,assessments,insurance premiums and ground rants.Lendar may not charge far so holding �
<br /> t and applying the Funds,anaiyzing said aocount or verifying and compitirtg said assessmants and bitis,unlsss Lender pays �''
<br /> - Saace:ss iM�r�.si en fhe Funds�d a�pit�bi��aw permits Lendar to maice such a charge.Borrow�r and Lender may agree � � _
<br /> , in wtiting at the time of exacution of this Deed ot Trust that interest on the Fu�!ds shalf ba paid to 8oaro+ver,and unless such � _
<br /> � • agreemes�t is made or applicabie taw requires such Interest to ba paid,Lender shail not be requ'sred to pay�orrovret any �
<br /> � inters.,�t or eamings on ihe Funds. Lender shall give to Borroiver, withaut c9�arge, an annual accaunting of the Funds
<br /> • � ' shawirtg credits and dsbits to the Funds and the pur�soss for vfiich eaa�ds:�it to the Funds was made.The Furtds are �
<br /> :. . pledged as additional sea�rity far the sums sacured by this Deed ot Tru�t. GZ _
<br /> ��` � If the amount of the�unds held by Lendet,together�vith the future manshiy instailments of Fartds payable pdor ta tha �i _
<br /> � due dates of taxes,a�.sessme..ts, �suranc•premiU�ns�rtd gro�nd rents,sh2ll excee�the amount required to pay said taues, C
<br /> �� assessmeMs, insurance premiums and ground rents as they�aU due,such excess shall be, at BormwEfs option,either ip �
<br /> . • prompi{y�paid to Borroerar or crediYcd to Borrowar on montttly instailments of Funds.lf the amount af the Funds t�etd by W .-.
<br /> _ � •� Lernier shatl not be sufficient to pay tax3s.assessments.insurance premi4�and ground rerns as trisy tati due,Berra�rrer -
<br /> . , shat!pay to Lender any amoun4 necessary to maE:�up the defcciancry in or�or more payments as Lender may require. =�
<br /> _ Upon paymeM i�full of ail sums secured b�t�r�s Deed of 7rus4,L�irtd���h�tl prompUy refund to Barroti�rer ary Funds �r
<br /> :,,,,� • hetd by Lertder.lf under paragraph 17 hereaf the Rroperty is sotd or th�Pro�arty is otherwise acquired by Lender,Lender __
<br /> ���� sha(1 appty,no tater than immediately pdor to the s�al�of the P��ar2y or ets acqulsition by Lender any Funds held tx�y Larder
<br /> �. ,,.,.
<br /> . . at the Ume of appiicatian as a credii against the sums securESf�f ffiis Qe�d caf Trus�t.
<br /> -- 3.Application of Fayrttenffi.llnless appt�cable law provides oth�nr�.�,all paymenis received tiy Lender under the
<br /> :`:;;�;< Note and paragraphs 1 and 2 hereof shall be appf��!by Lender firs4 in p3yr;c-^t of amounts payable to Lcnder by Borrower
<br /> "�` � � � F under patagraph 2 hereof.then to inter�si payabta on the Note,and th�n to the principal of the Note.
<br /> �:r' �� .•:.����;;iz +1. Rr�or Mortgages and Oee�a cIf•4rust;C3�arges;Liens.Barro�nrer shall parform all of Borrotiver's o�tigatiGr.�.�:rder
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<br />_ . • ���;.�� any mortgage,deed of trust or othEr:-c-r:sriry agreement with a lien�vh'.ch h.as priority oyer this Deed cf Trusl,ir�dc�3ing
<br /> '' • Bor�owar's covenants to�r►ake payme;:.�tvheA�'�ya.Borro�var sh�ll p3y o-r.�i:.ss 4o be paid atl taic��, a:.=��*�s-��and
<br /> other charges,fines ari��mpositions attributay'�3 ':a�i�e Property which rr�,ry. ��,�in a prioriry over this I�«.a:c.''�:c':, and
<br /> �''. , . � "...;, leasehold payments oz ground reMs,if any.
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<br /> • �.f,,�' -� 5. i�a�rd Mss�rance. Barro�r shat3 keep the Improtnarr�.��navr euisting or hereafter erected on the i�.�uerty
<br /> � • , ';i?� insured aga:nst lass�y fire,haxards inctuded withtn the term"6z.'rRt�Ed COV2r'd98,fload and such other hazards as�nrter
<br /> • may requIre and in sucll wmounts and for such periods as Lendc�:may re$�rre.
<br /> The insurance c�rc:ar providing the insurance shatl by chosen by 0onower subject to approval by Lender;provfded,
<br /> � that surfi approval shall not be unreasonabiy withhetd.Atl insurance po::cies and Bnewats thereof shap be in a iorm
<br /> � ''��%� � acceptable to Lender and shaQ irtc!��a standard mortgage ctause in 4avor of and in a form accepia6la to Lender.Lertder
<br /> , �}�!+v� shall have the right fo hofd the pol:as1r 3nd renawals thereof,subject to ths terms of any mortgage,deed of trust or oiher
<br /> � security agresment with a lien whtc7s��s priority over this Qeed of Trust.
<br /> � ; �� • In the event of loss.�3orrower shaQ give prompt no6ce to the insarance�rrier and Lender.Lender may make proof of
<br /> „,, � ,nss'rf rtot made prom�t{���oy Borrower. _
<br /> ''- �:f�' � If the t=r�perty is abandoned by Borrower,or ii Borrower f2i;s to res�ort��.t�Lender v�r�in 30 days from the d�to r,�rstice
<br /> � is maile� Is� Lender to Borrower that the insurance caRier cfir�s to settle a claim for insurance benefits, Lr-na�.�- i� �
<br /> authorized to coitect and apply the insurance proceeds at Lend::s option ei�►er to restoration or�epair of the Prcpra►��ar
<br /> � to tne sums secured by this Deed o�Trust.
<br /> � . � 6, pre�eavatlan and Malntenanco of Rroperty; Leasehotds9 Ca��ominium�; Planned Uait DoveiapmeMs.
<br /> �.?�� Borrower shalf keep the Proparty in good�epair and shatl not oommit v+asie or permit iar�.,�irment or deterioration of the
<br /> ''"f'� Proparry and shail comply�vith the�dr.v'sions of any tease if this Deed of Trust is on a tcar��zotd.if this Deed of Teu�.t is on
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<br /> ".j`:�b�� a unit in a condom9nium or a plann��unit devebpment,Borrowsr shall pErform all o'r Borrav�er's obligatians urtder the
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<br /> declaration or covenants creating or governing the condominium or p!ar�r_�uni4 deveto�ment,the by-laws and regu a ons
<br /> � . of the condominium or pianned unit development,and oonstituent dxum�nts.
<br /> '�� 7.Rcotection of Lender's Security.11 Borrov�rer tails to perform the cavenants and agreemants csmtairted ln thfis
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<br /> ���;�,,y�;�t ' Deed of Tn��,or if any actlon or pra�eding is commenced v�l�ict�materially a�ects LendePs interest tn the Propsr�*f.�en
<br /> 'r,.��;(`• Lender, z: I..cnder's op4ian, upon �otice to Bottowar, may mm:ce such appearances, dshurse such sums, irtd�l�ing
<br /> � � reasanable anorr.e�rs'fac��,and take such action as is necessary to protect Lender's interest.If Lender requlred mortgage
<br /> � insurartce as a mnd��ni�c:making the loan secured by this Oeed of Truat, BorroVrer sha�l pay the prem3ums required to
<br /> � ._;r�;;,, maintain��ch insur�;?c3 in effect �ntil such time as the re�uiremant for s��h insur^�nae terminates in�ccordartce with _
<br /> . •����`"t� Bonower's�nd Lendars written 2,r��r�tarnant or applicable lav�.
<br /> ''�' Any amounts disbursed by l.�titcfer pursuant to thls par2gr.pt�7,with interes!theca4n,at the�fate rate,sha0 become
<br /> � additional indebtedness of Borrotiver secured fay this Deed of Trust.Untess Borro�xer and Lender agree to other t�rms ot
<br /> paymem, such amounts shal� be payable upon rtotice from Lea�der to Borrower requesting payment thereof. Nothing
<br /> contained in thfis paragraph 7 shal�require Lender to incur any expense or talce any action hereunder.
<br /> p.Gn�pectior�. Lortdar may make or causs to ba mada reasonab!e enidas upan and insRsctions af t9�e Pro�arty.
<br /> •. pravided that Lender shall give Barrower notice prior to any such inspection speaitying reasanabfa cause therefor retated
<br /> to LendeYs interest in the Property.
<br /> 8.Cortd�mnsElon.The prxeeds of arry a�nrard or claim for damages,direci or consequerttittl,in connec2ion v�ith arry
<br /> condemnation or ot�er tatartg of the Proparty, or part thereof, ar for convayartce in ti2u ot cnndemnation, are hareby
<br /> assigrted and sha[l tra p�id to Lendsr,subject to tha terms of any mortgage,deed of trus!or other seourity agreEment with -
<br /> � . _ _._i a lies�vfi�ch has Qriority over this Dasd of Tros4. °
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