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<br /> �° �°�.0�663
<br /> UNiFORM COVEN►�NTS.8orrower and�e�der covenaM and ac�rea as ioliowa:
<br /> 1. Paym�nt ot Princlpal and lniKesi. Borrower shati promptly pay when due the principal of and interest on the
<br /> indebtedness evidenced b;r the Nole,prepa mentend I�te cha�ges as pravided�n the Note,and the principal 01 and interest on
<br /> a�y Futu�e Advances secured by the D�of T�us�
<br /> 2. Fund�torTax�s�nd insu►anc�.Sub ectto applicabte law or to a w�ltten waiver by Lender,Borrower ahall pay to Lender
<br /> on the day monthty installments ot principa�and intereat a�e payable under the Note,until the Note is paid In tuil,a sum(herein
<br /> "Funda")equal to ane-twelfth o!the yearly taxes and assessments which may attain prlorlty over thia Deed of T�u��and
<br /> ground rents onthe Property,if any,plus one-twelfth o1 yearly premium instalime�tstor hazard insu�ance,plus one-twelith o1
<br /> yearly premium instaliments fo�mortgege insu�ance,il any,all as reasonably esNmated initially and irom time to time by
<br /> Lender o�the basis oi assessments and bilis and reasonable e�stlmates the�eof.
<br /> The Funds shatl be held in an institution the deposits or accounts of which are Insu�ed or guaranteed,by a Federal or state
<br /> agency(lncluding Lender if Lende�is such an inatitution�. Lender shall appty the funds topa y said texea,aasesamenb,
<br /> insurance premiums and ground�ents.Lender may nat charge tor so holding and appiying the Funds,analyzin�asid account
<br /> o�verifying and compiling said assessments and bilis,unless Lender pays Borrower i�terest on the Funds and eppUcable law �
<br /> permits Lender to make such a charge.Borrower and Lende�may agree in writing atthe tlme of execution of thi�pead of Trust
<br /> that i�te�est on the Funds shall be paid to Bor�ower,and uniess such agreement is made or applicalbe law requires such
<br /> interesl to 6e paid,lender shall not be required to pay Bor�ower any interest or earninps on the Funda.Le�de shall�ive to
<br /> Bor►ower,without charge,an annual accounti�g of the Funds showing credita and de6lts to the Funda and thepu�pose tor
<br /> which each debit to the Funds was made.The Funds are pledged es additional security tor the sums aecured by this Oeed of
<br /> Trust
<br /> If the amount of the funds heid by Lender,together with the future monthiy instaliments of Funds payable p�ior t�the due
<br /> dates ot taxes,assessments,insurance premlums and ground rents,shall exceed the amount required to pay said taxes,
<br /> assessments, insu�ance premiums and ground rents as they fall due.Such excess shall be,at Bor�owe�'s option,either
<br /> promptly�epaid to Borrower or credlted to Bor�ower on monthly installmants of Funds.If the amount of the Funds held by
<br /> LendershallnotbesufNcienttopaytaxes,assessments,insurancepremiumsand groundrentsastheytalldue.Bonowershall
<br /> pay to Lender any amount necessary to make up the deficiency w�thin 30 days irom the date notice is mailed by lender to
<br /> Borrowe�requesting payment the�eof.
<br /> Upon payment i�full of all sums secured by this Deed ot Ttust,Lender shall promptly refund to Borrower any Funds held by
<br /> Lender.lf under parac�raph 18 hereoithe Prope�ty is sold ortAe Property isotherwise acquired by Lender,Lendershall apply.
<br /> no laterthan immediately prlor to the sale of the Property or its ac uiaition by Lender,and Funds hetd by Lender atthe tima of
<br /> application as a c�edit agai�st the sums secured by this Deed of��us�
<br /> 3. AppBcaUon olPaymMb.Unless appiicable'law provldes otherwise,all pbyments received by Lender under the Note
<br /> and Raragraphs 1 and 2 hereot shall be applisd by Lender tirst in payment oi amounts payable to Lender by Borrower under
<br /> paragraph 2 hereot,then to inte�est payable on the Note,then to the principal of the Note,and then to interesi and pnncipal on ,
<br /> any Future Advancea
<br /> 4. Char��a;Liens.Borrowers shall pay all taxes,assessments and other charges,flnes and impositions attribufable to the ,
<br /> Properry which may attain a priori�over this Deed ot Trust,and leasehold payments or ground rents,if any,in the manne�
<br /> provided unde�paragraph 2 hereo or,i1 not paid in such ma�ner,by Bor�ower making payment,when due,directly to the
<br /> payee thereof.Borrower shall promptly furnish to Lender all notices of amounts due under thia paragraph,and in the event , __
<br /> Rt�{nyyg� g�gl1�a�a naY�a�t rlirgr_.tlY, an��nwar chs_±1� nrmm�tly turnish to Lender raceints evidencina such Qay ments.
<br /> Barrower shaH promp$y dischargo any lisn which has pr`�ority over this Reed o!Trusx provlded.that 8orrower shal!not be -�
<br /> required to discharge any such lien so long as Borrower shall agree in writing to the paymentot the obiigation secured by such . -
<br /> lien in a manner acceptable to Lender,or shall in good faith contest such lien by.or delend enforcement of such lien in,legal -_
<br /> proceedings which operate to prevent the entorcement of the lien or foneiture of the Property or any part therbof. �
<br /> 5. Hazard Inauranc�.Borrower shall keep the improvements now existing or hereafter erected on the Property insured f
<br /> against loss by fire,hazards included within the term"extended coverage",and such other hazarda as Lender may require
<br /> and i�auch amounts and for such periods as Lender may require;provided,that Lender shail not r uire that the amount of ; �
<br /> such coverage exceed that amount oi coverage required to pay the sums secu�ed by this Deed oi�rust
<br /> This insurance ca�rier providing the insurance shall be chosen by Borrawer subjectto approval by Lender;provided.that
<br /> such approval shall not be unreasonably withhetd.All premiums on�nsurance pollciea shall be paid in the ma�ne�provided -�
<br /> unde�parag�aph 2 he�eof or,if not paid in such manner,by Forrower making payment,whe�due,directly to the insurance �.
<br /> carrler.
<br /> All insurance policies and�enewals thereof shall be in form acceptable to Lender and shall include a standard moKgage `
<br /> clause in favor otand in form acceptable to Lender.Lendershall havethe rlghtto holdthe poUcies and renewalsthereof,and f
<br /> Borrower shall promptly fumish to Lender all renewal notices and all receipts of paid premwms.In the event of loss.Borrower ' ,
<br /> shal l give prompt notice to the insurance carrier and Lender.Lender may make proot of loss ii not made promptly by Borrower. ; .�
<br /> Unless Lender and Borrower othenerise agree in writing,insurance proceeds shall be applied to�estoration or repair of the ��
<br /> Property,damaged,provided such restoration or repair is economically teasible and the security of this Deed of Truat is not
<br /> thereby impaired.I!such restoration or repair is not economically feasible or it the securiry of fhis Deed of Trust would be
<br /> impaired,the inaurance proceeds shall be applied to the sums secured by this need of T�us�with the excess,if any,paid to � �`
<br /> Borrpwer.If the Property is abandoned by Borrower,or if Borrower fails ta respond to Lender within 30 days irom the date ��'�
<br /> notice is mailed by Lender to Borrower that the insurance carrier oHers to settle a ctaim for insurance beneflts.Lender is
<br /> authorized to collect end apply the insusance proceeds at Lender's option either to restoration or repair of the Property orlo
<br /> the sums secured by this Deed of Trust.
<br /> Untess Lender and Borrower otherwise agree in writing,any such application of proceeds to principal shall not extend or
<br /> postpon�the due date of the monthly installments referred to�n paragraphs 1 and 2 hereof or change the amount of such
<br /> installments.if under paragraph 18 he�eot the Property is acquired by Lender,alt r�ght,6tte and interest of Borrower in and to
<br /> any insurance policies and in and to the proce�ds thereof resulting from dama�e tothe Property priorto the sale or acquisition
<br /> shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such sate or aCquisition.
<br /> 6. Prtse�vatioaand Mslatenanca o!Property;leaseholds;Condorninlums;Planned UnN Derelopmsnh.Borrower shal!
<br /> keep the Property in good repair and shalt�ot commit waste or perms�;mpai:ment o!deteriaration of the Property and sha!!
<br /> compty with the prov;s'ions of any lease ilthis Deed of T�ust is on a leasehold.If this Deed of Trust is on a unit in a condorr�:r�ium
<br /> or a planned unit development, Borrower shall pertorm all of Borrower's obligations under the declaration or covenants
<br /> ' creating or governing the condominium or planned unit development,the by-laws and�egulations of the condominium or
<br /> planned unil development,arrd constituent documents.Ii a condomimum or planned u�it development rider is excuted by
<br /> Borrower and recorded togethe�with this Deed of Trust,the covenants and agreements of such nder shall be incorporated
<br /> into and shall amencf and supptement the covenants and agreements af this Deed of Trust as if the rider were a part hereof.
<br /> 7. Prof�ctton o1 L�nda's S�curity.l}Barrower tails to peAorm the covenants end agreements conteined in this Deed of
<br /> Trust,or If any action or proceeding is commenced with materially aitects Lender's lnterest in the Properry,including but not
<br /> limitedto,emmentdoma�n,insolvency,codeenforCemen�orarrangementsorproceedingsinvolvingabankruptordecedenf, ,--_-�,__-
<br /> then Lendar at Lender's option,upon notice to Borrower,may make such appearances,disburse such sums and take such ,
<br /> actionasisnecessarytoproteclLender'sinterest,including butnotlimitedto,disbursementofreasanableattorney'sieesand
<br /> entry upon the Propertyto make repairs.N Lender requiredmongage insurance as a condition o1 making the loan secured by
<br /> � the Oeed o1 Trust,Borrower shall pav the premiums required}o maintain such insurance in ettect untfl such tlme as the �
<br /> requirementtorsuch insuranceterminates in accordance with Borrower'sand Lender's writtan agreement or applicalbe law. �
<br /> Borrower shall pay the amount o1 all mortgage insurBnCe permiums in the manner provided under paregraph 2 hereof. '
<br />��. Any amounts disbursed by Lender purauant to this paragraph 7, with interest thereon, shall beCOme additional
<br /> indebtedness ot Borrower secured by this Oeed o1 Trust Unless Borrower and Lender agree to other terms nf paymen�such •�
<br /> —, 1 amounis shall be payable upon notice from Le�der to Borrower requesting payment hereo},and shall boar interest from the
<br /> L dateotdisbursbmentattheratepayablef�omtimetotimeonoutstanding principalundertheNoteunlesspaymentofinterest �
<br /> __ at such rate wauld be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br /> permissible under appllcabte law.Notfling contained in this paragraph 7 shell require Ler�der to incur eny expense or take any d'
<br /> � action hereunder. �'
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