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<br /> - � UNIFORM COVENANTS.Barrower and L�nder cov�nant and agree as follows.
<br /> 1. Paym�nt oi PHncipal �nd tnt�test. 8or�ower sha►! WomPt�Y P�Y when due the �►nnc:ipal ot and interest on the
<br /> indebtedness evidented by ihe Note,prepaymenf and late charges as provided in the Note,and tho pnncipal of and inle�est on
<br /> any future Advencas secu�ed by the Oeed ot T�ust.
<br /> Z, FunelslorTexMandln�u��ne�.Sub1�ocltoapplicabletawortoawnttenwaiverbyLender,BarroworshatipaytoLende�
<br /> �n the day monthty installments o1 pnnc�pal and mte�est are payeble under the Note,unt�l the Note is paid in tull,a sum(herein
<br /> "Funds")equal to o�e-twetfth of the yearty taxes and assassme�ts which may attain prionry ove�this Oeed of T�ust,and
<br /> g�ound rents on the P�opeM.it any,plus one-twelfth otyaarty premium inatallments for haza�d�naurence,plus one-twelfth of
<br /> yearly premium instalime�ta tor moRyage inaura�Ce,if any,ail es reasonably e�timated initieliy a�d irom time to time by
<br /> Lender on tho b8sis o1 assesaments end bills and reasonable estimates thereol.
<br /> The Funds shall be held i�an institution the deposib or accounts o1 whichare insured or gua�anteed,by a Federal o�atate
<br /> agency(inCluding Lender it Le�de► is auch en institution). Lender shall apply the tunds to pay s8id taxes,aasessments,
<br /> inau�ancs premiums a�d ground�ents le�der may not charge tor so holding and applyingthe Funds,anaty=infl said account
<br /> or verityln�and compillr,y:,aid assessments and bills,untess Lender pays Borrowe�interest on the Funda and applicable law
<br /> permits Lender to make such a cha�ge.6o�rower end Londe►may eg�ee in writ�ng at the time of execution of this Deed ot Trust
<br /> that interest o�the Funds shall be paid to Bor�owe�,and unless such ag�eement is made or appUcalbe law requires suGh
<br /> interest to be paid,Lende�shall not be�equ�red to pey Borrower any inter�st or earnings on the Funds.Lender shall give to
<br /> Bor�ower,without charge,an a�nual accounting of the Funds show�ng credits and da6its to the Fu�d�and the purpose fot
<br /> which each debit to the Funds was made.The Funds are pledged as additional securiry tor the aums secured by this Deed o1
<br /> Trusf.
<br /> If the amount o1 the funds held by Lender,together with the future monthty instaliments o1 Funds payable prior to the ue
<br /> dates of taxe9,assessments,insurance ptemiums and ground rents.shall exceed the amount requ�red to pay said taxe9,
<br /> asse�sments, insu�ence premiums and ground �ents as they lall due,such excess ahall be,at Barrowe�'s optlon,either
<br /> promptly repaid to Borrower or c�edited to Borrower on monthly installments of Funds.If the amount o1 the Funds held by
<br /> Lende�shall not be sufiic�ent to pay taxes.assessments,insurance premwms and g�ound rents as they fall due.Borrower shail
<br /> pay to Lende�any amou�t necessary to make up the deticiency withm 30 days irom the date notice is mailed by Lender to
<br /> 8orrower requesting payment thereot.
<br /> Upon payment�n full of all sums secured by th�s Deed of Trust.Lendershall promptly refund to Borrower any Funds held by
<br /> Lende�.11 under paragraph 18 hereot the PropeRy is sold or the Propert�r�s otherw�seacqui�ed by Lender,Lender shall apply.
<br /> no later than immediatety pnor to the sale of the F�roperty or its acqu�sition by Lender,and Funds held by Lender atthe time of
<br /> application as a credit against the sums secured by this Oeed ot Trust.
<br /> 3. AppNcallon of Paym�nb.Unless applicabie law provides otherwise,all payments received by Lender under the Note
<br /> and paragraphs t and 2 hereof shall be applied by Lender tust in payment ot amounts payable to Lender by Botrower under
<br /> paragraph 2 hereot,then to interest payable on the Note.then to the pnnc�pal of the Note,and then to interest and pr�ncipal on
<br /> any Future Advancea.
<br /> 1. Chsr�N:Li�ni.Bo�►owers shall pay aIl taxes,assessments and other charges,f+v�es and impositions attributableto the
<br /> PropeAy which may attain a priare4y over this Deed ot Trus�and leasehold payments or ground�ents,if any,i�the manner
<br /> provided under pa�ag�aph 2 hereef or,i1 not paid in such n�anner,by Borrower making payment,when due,direCtly to the
<br /> payee thereol.Bo�rower shall promptly turnish to Lender all notices o1 amounts due under th�a pasagraph,and in the event
<br /> 6orrawe�shall make payment d�rectly, Burrower shall promptly fur�ish to Lender receipts ev�dencing such pe ments.
<br /> Borrower shall promptly d�sCharge eny lien xr�hiCh hes p��onty o�ve r th�s Qeed�p�gmAnto�fehde obQgation ecured bY such �
<br /> fBQUi►ECtO QISC�18f98 Bllj/SUGh�ICn SV iUi�i.J d5 ovr rv�ro.�.�.,�1:yf.....S!...l,l..�._� Y � - !---.��_
<br /> Iien m a manner accepteble to lender,o�shait in goad taith contest such lien by,or defend eniorcement of auch lien in,tega! ; , ,.,
<br /> proceedings which ope�ate to prevent the enforcement ot the lien or forfeiture oi the Property or any paR tfiereol.
<br /> S. Hazard Insunnc�.8orrower shall keep the improvements now existing or hereafter erected on the Property insured
<br /> against 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 ot coverage required to pay the sums secured by this Deed of Trust. t�-�
<br /> Th�s insurance ca�rier prov,dor.g the insurance shall be chosen by Borrower sub�ect to a proval by Lender;prowded,that ,'_
<br /> � underpa graph 2�he eotor,ii notpa dyn such�man�ner,by Borrower maki g paymen�when due,d ectlynto the insu ene �
<br /> 1
<br /> carrier.
<br /> AII insurance policies and renewals thereof shall be in torm acceptable to Lender and ghall include a standard mortgage
<br /> e�ause in tavor o1 and in form acceptable to Lender.Lender shall have the nght to hold the policiesand renewalsthereof,and
<br /> Bor�ower shall p�omPtly furnish to Lender all renewal not�ces and all rece�pts of paid premwms.In the event of loss.Bo�rower
<br /> shall give prompt notice to the insurance cerrier and Lender.Lender may make proof of loss d not made promptly by Borrower. �
<br /> ' Unless Lender and Borrowe*otherwise ag�ee m writmg,msurance proceeds shall beapplied to restoration or repair of the
<br /> Property damaged,provided such restoration or repair is econom�ca:�yteasibte and the security of this Oeed of Trust is not ,
<br /> the�eby impaired.lt such�estoration or repair is not economically teas�tile or if the sacuriry of this Deed of Trust would be
<br /> impaired,the msurance proceeds shall be applied to the sums secured by this Deed of Trust,with the excess,if any,paid to + �
<br /> Borrower.If the P►operiy 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 Bo�rower that the insurance carrier offers to settle a ctaim for insurance benet�ts,Lender is ��,;
<br /> authorized to collect and appiy the msu�ance proceeds at:.ender's:,pt�o�e�ther to rastoration or repair ot the Paoperty or to �i '
<br /> the sums secured by this Deed of Trust.
<br /> Unless Lender and Borrower otherwise agree in writing,any such application ot proceeds to prinCipal shall nat extend or
<br /> Qostpone the due Oate ot the monthly i�stallments reterred to m paragraphs 1 and 2 hereof or change the amount of such
<br /> �nstat(ments.It under paragraph 18 hereot the Property is acqwred by�e�der,atl r�ght,title and interest of Borrower in a�d to
<br /> arty insurance policies and in and to the proceeds thereof resultmg from damage to the Property pnos to the sate or acquisition
<br /> shaq pass to Lender to the extent of the sums secured by this Deed of Trust immed�atety prior to such aale o�acqwsition.
<br /> 6. Pnservatbn aed Maintenance of Property;Leas�hoPds;Condominiums;Plann�d Unit D�v�topm�nts.Borrower shal I
<br /> keep the Property in good reRa�r and shall not comm�t waste or permet+mpai�ment ot deterioration of the P�operty and shall
<br /> comptv with the Ptansions of any tease+t this Deed o1 Trust is on a!easshQtd:lf this Oeed of Trust is on a unit in a condominwm
<br /> - or a pfanned un�:deveiopment, Borrower sfisii perform ati c,f Borrawe;s abtigat�ons under the declaration or covenants
<br /> creating or overrnng the condominium or planned unit developmen�,the by-laws and regulations of the condominium or
<br /> planned uni�devetopment,and constituent documents_!f a condom�nium or planned un�t development rider is excuted by
<br /> 8orrower and recorded togetl�er with this Deed of Trust,the r,ovenants and agreements of such nder shalE be incorporated
<br /> �nto and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a paA hereof.
<br /> 7. Protectlon ol L�nd�r's S�cu�ity.It Borrower ta�ls to pe�form the covenants and agreements contamed in this Deed of
<br /> Trust,or il any action or proceeding is commenced with matena�ly affects lender's mterest in the Property,including but not
<br /> limited to,em�nent domam.insolvency.cocleentorcement,or arrangements or proceedings invotv:rtg a bankrupt or deceden�
<br /> then Lender at Lender's option,upon not�ce to Borrower,may make such appearances,d�sburse such sums and take such
<br /> acUOnas�snecessarytoprotectLender'sinteresl,including,butnotlimitedto.d�abu�sementofreasonableattorney'sfeesand =____�_____
<br /> ent�y upon the Property to make repai�s.It Lender requiredmort age insurance as e condition of making the foan secured by
<br /> the Deed ol Trust,Borrower shall pay the premiums required�o maintain suc� insurance in eifect until such t+me as ihe
<br /> requirementfor such insurance term�nates in acca�dance with Borrower'sand Le�der's written agreement or applicalbe Iaw.
<br /> Borrower shall pay the amount ot a!I mortgege insurence permwms sn the manner prov�ded under peragraph 2 hereol.
<br /> Any amounts disbursed by lendar pursuant to this paragra�n 7, with interest thereon, shalt become additional
<br /> mdebtedness o1 Borrower secured by this Deed o1 Trust Unless Borrower and Lendor agree to other terms of payment,suCh
<br /> amounts shall De payable upon notice from Lender to Sorrower�equesting payment hereol,and shall bear interest from the
<br /> dete of disbursement et th6 rate payabletrom t�me to t�meon ou?stand�ng pnncipal under the Nate untess payment o1 interest �
<br /> L at such rate wou�d be contrary to epplicable law, m wt��cn event such amounts shall bear mterest e! the highest rate �
<br /> petmissibfe under app�iC&ble IUw Nothmg Contamed in this paragrap�7 shall require Lender to incur any expense or take eny �
<br /> BCtion hereundet �
<br /> S. Insp�etlon.Lenefor may make a�cause to be made reasonabie entnes upon and�nspections ot the Proporty.pro�rided ��
<br /> that LUnder sheli grve Borrower noUce��r�or tn any such inspection spec�fymg reasonab!e cause thorefora related fo lender's (
<br />� /(1�RfG1S1�n the P�uperty ��I
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