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NOW 90.,...107272 <br />the title to the property against all claims and dwmnds, subject to <br />any encumbrances of record or disclosed to the Lender. <br />THIS SECURITY INSTRUMENT Combines uniform covenants for <br />national use and non - uniform covenants with limited variations by <br />jurisdiction to constitute a uniform security instrument covering <br />real property. <br />UNIFORM COVENANTS. Borrower and Lender covenant and <br />agree as follows: <br />1. Payment of Principal and Interests Pr=ay=nt and <br />sate Charges. <br />Borrower shall promptly pay when due the principal of <br />and interest on the debt and perform the obligations evidenced by <br />the Guarantee and any prepayment and late charges due under the <br />Guarantee. <br />2. Funds cnr. Tax_s and Insurance. <br />Borrower shall maintain fire insurance, on customary <br />terms acceptable to Borrower, and designate Lender as a named <br />loss payee on any such fire insurance policies. Borrower shall <br />pay before delinquency all taxes and assessments on the Property. <br />3. Application gf Payments. <br />Unless applicable law provides otherwise, all payments <br />received by Lender shall be applied pursuant to the Guarantee. <br />4. urges s L j,ens . <br />Should Grantor fail to make any payment or to do any act <br />as herein provided, then Beneficiary or Trustee, without obligation <br />to do so, but following written notice to Grantor, may make or do <br />the same in such a manner and to such extent as either may <br />DEED OF TRUST - 2 <br />Ills. "4t <br />0 <br />r,f�n <br />FIN <br />REWS <br />'17 ..'.. <br />'c <br />i <br />ff, <br />