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<br /> U�fIrQFiM COVENANTS.Barrower and L6nder�covenant and agreo�on'due th� rinoi at and Interes4 indebtQdness �
<br /> 1. psy�nt of P�incipal and Interes��orrovr�r shs10 prorv�ptly pay P P �-�
<br /> svldEnCed by the Note and late charges as provlded in the Note. �,,;�,
<br /> ?. Fura�iat�eTexes 8nd Insarance.&ubject to applicable law or�written waiver by Lendor,Borrower shail pay to Lender
<br /> on th�dr�y r�te�nthty paymenta of principat artd tnterest are paya6le under the Nate,u�til the Noto is paid in tull.a�um(herein �Y�
<br /> "FURd9°�e�ur�l to one-twelith of the yaarly taxes and assesamer�ta(induding condominium and ptanned unit ddvalopment _
<br /> " _ . es�essment�,if any)which may attain prlority over tDiis D�sd of Tl�ust,and ground rents on the Property,ff any,plus one-tweif[h �__
<br /> p of yoarJy promlum�nstallments tor hazard tnsuranca.pius onsdwetfth of yeariy premiurii ii�stalirner+is 4ar mcrlgags lnsurartcg,(f i, .,
<br /> any,eil�o ra��onably estimated initlaily and hdm drree to time by Lend�ron tt�e basis of assessments and bills and reasonable _ _
<br /> estimat�sttrr�ceof.Bomawer shaU rtot be obUgated to make such payments of Furtds to Lender to the extent that Borrower makss _—
<br /> :,�;,;;� such p�yql�n�to the holder of a pdor mortgage or deed ot trust i4 such hotder is an Institutlonal lender. �
<br /> ,�Y...., If 6onqv;er pays Funds to Lender, the Funds shali Ce held in an institutiun the deposits or acaounts of which sre i� __
<br /> b insured or gwara�teed by a Federal or state agency(induding Lender if l.ender Is such an institution).Lender shatl apply
<br /> tho Furrds ta pay said taxes,assessmenta,insurance premiums and ground rents.Lender may not charge for so hotdfng � .
<br /> and ap�lylrtg the Funds,analyzing said account or veritying and comp�ing sa[d assessments and bills,uniess Lender pays W
<br /> � Bornaw�rinRgrest on the Funds and applicable law parrnits Lsnderto mske suah a chargo.Borrower and Lender may agree
<br /> in wrftfng at�he time ot executton of this Deed of Tfrust that intarest o�tha Funds shail(��paid to Borrovror,and unisss such �-
<br /> • � agreement;e�mmde or applicabta law requires sucfi interest to be paid, l.ender shall not be required to pay Bo�rovuer any � -
<br /> Intorast.or,c��mimgs on tha Funds. Lender shail giwa to Borrower. without charg0, an annuai aa;ounting of the Funds ;j�+
<br /> shorrirg c�lts �nd debits to the Funds and the purpos�for whiah e�ch debit to the Funds was made.The Funds ara _
<br /> � �.: p:adgc�cl as additional securiiy for the sums secu�ed by this Doed of'(�ust• _�
<br />- � � If�amou�t of the Funds hetd by Lender,together wl�h the fu2ure monthry instalimerrts of Funds payable prlor to the
<br /> duo dafosaf taxea,sssessments,insurance pPemiums and ground rents,shall exceed the amount required to pay satd taxes, �_
<br /> -ii<:� . a s s e s s m 2 n t s,(n s u r a n c e premiums and ground rents as they fali due,such excess shait be,at Borrower's opUon,either
<br /> � pram�r4ly,rQpald to�orrowe�or credited to Borruwer on manthly instaamen t s o f Fun d s.i f t h e a m a�u n t o f t h e F u n d s h e l d b y
<br />� ;:':..�.� `:��� Lorsdsc shalf not be sufffcient to pay taxes,assessmenis, ins�rance prem(ums and ground rents as they fall duo,BoROwer
<br /> � shall p�.yr to Lertder any amount oecessary to make up the de�ciency in one or mora payments as Lender may requfre.
<br /> ` �;a�'� U��payment in full of ail sums secured 6y this Oe�d of Trus4,Lender shall promptiy refund to 6oROwer any Fun�s
<br />=�':. ��,• held by�lender.!f under paragraph 17 hereof the Property is sold or the Propsrty is otherwise acquired by Lender,lender
<br /> �•.,,r�
<br />���������� �a�y. y
<br />_ , ,,.,,,�.� shatl no later than immediatel prior 4o the saie of the Property or its acquisitian by Lender,any Funds hetd by Len er
<br /> N � := ?� at ihe�-0tine ot epglicaUon aa a cred(t against the sums secured by this Deed of Trust.
<br />��:;!°s�`;'�`` � �.Appiic�tio�of Payments.Unless applicabte law provides athervvise,aii pay��i�i25 re�eivsd tsyl.o'�dsz�sxlrr!4'•e
<br />�''''"r = ' � Note amd paragraph�1 and 2 hereof sha0 be appiled by Lender first In payment of amounts payaDie to Lender by Borrower
<br />�:•,.y., , „ �
<br />""�'�"`{�" �� � u�der�paragraph 2 hereof,then to(rtterest payabie on the Note,and then to the principal of the iVote.
<br /> ��,�� ., —
<br />�'�==�_��r'" •i 4.Prior Mor3gages and Deeds of Ttwst;Cherges;Liens,Borrower shall per�orm aN of Sorrower's obligadons under � �
<br />���',�°`".��t`;� . .
<br /> , anye�v�tgago,deed of trust or other security agreernent wftF�a iien which has pdority 4ver this Aeed af Ynist,includtng
<br /> v:,yi,;�� •� Bo�rmsr.tiv�'s covenants to make payments when due. Borcower shali pay or causa to be paid ali taxes,assessmenis and
<br />-- -- :r.,� ' ethGr�charges,fines artd imposiiians attributabie to the Property wl�lch may attain a prtority over this Doed df Trust,and
<br /> LL�"°'�'`�^"��� �nts or ground rer�,if any.
<br /> �:w:_., _..� teasc!io!d paym..
<br /> .-.���-�::_;.;� 5.Nszerd In�qurance. Borrower shafl keep the Improvements na�v existing or hereatter erected on the Property�
<br /> -'��•`_:�`��``�'� irtsu�r�dflgalnst loss by flre,hazaMs included within the term°extended ooverage",fload and such other hazards as Lertder
<br /> ----�=� may se4oire and in such amounts and for such periods as Le�der may require.
<br /> ----"""� :�.. Th¢insurance car�ier providtng the Insurance shail by chosen by Borrower subject to approvai by Lander,providad,
<br /> ---- tAat such epAraval shall rtot be unreasor�ably withheld. All insurance poficies and renev�rals thereof shall be in a torm
<br /> accors'�b1e ro Leader and shall include a standard mortgage clause In iavor of and(n a torm acceptable to Lender.Lender
<br /> -_= shall,6�ave the right to hotd the polictes and renewais thereof. subject to the terms of any mor�yage�deed of trust or other
<br />�—ti�---� - sea.�+�� agrearnsnt with a lien whtch has pHority over this Deed of Ttus�t.
<br />�-�� 4r+the event of toss,Borrower shall g�re prompt notice to the insurance camer and Lender.Len�ar may rraake proo�i vf -
<br /> -=W�"�'�` lasc;+if not made promptiy by Borrower. --
<br /> =�..
<br /> ��_�,� � Irthe Proparly is abandoned byr Barrower,or if Borrower ia�is to respond to Lender within 30 days irom the date notfc�,
<br /> —�''s��' is rtu�ed by Lender to Bonnwer that the insurart�e caaler otters to setde a claim for (nsurance benefitts, Lendar:is
<br /> -:�..,
<br /> --- a�ttt�doi�ed to cotlect and apAty the insurartco praceeds at Lende�s option etther to restoraUon or rapalr of ths P�operiy'or
<br /> --� to thFo sums secured by thls Deed of Tnas� ��
<br /> --=:�;.� ' g,preseNation and Ma[ntenen6e o4 Pro�rty; Leaseholds;CondorhlNums; Planned Untt Oe�relo�nts.�
<br /> -- =_:�---� Be�cawer shall keep the Property in good r�epair and shall not casnmit wast�or perrnit impaismer►t or deterforation of tivs
<br />�'���'-� � pro�rry and shall comply with the provisioa�s of any lease ff thfs Daed of Tn.�st ts on a leasehv9d.If thfs Deed of Trust�s on
<br />=__�;:��;�� a err�it(n a condominium or a planned unit devaiopment,Bortower snal� perform afl of Borrawer's obAgatto�►s under the
<br /> .�=u;., dc3cclaJation ar covenanYs creating or goveming the condominium or ptanned unit dsvelopment,the by-Iaws and regulations
<br /> �� !
<br /> =-�r��:� :.�_. of tV�n�condominium or planned unit develcspment,and constituent documents. _
<br />- -'�-`��`�`.� 7, Prot�i3�n of LendQ�'s Securitp�/.I�Bomawer fails to pertorm the covenants and agreemems coMained in this =
<br /> �_ ,...,._.
<br /> '� '�° . : Dea�d of Tn:st, or if any actton or proceeding is commeRCed wlifch mate�iatly sif8cts Lender's interest fn the Property,then _
<br /> - �°a-�-',�-. �� I,acn�r, at Lende�'s op�on. upon notica to Borrower. may make sut�h app$arances, distsurse suCh sums, tnctudlrtg _
<br /> �-"�� � ro�ana�ie attomeys'fiees.and tak�su c h a c�on as i 9 n e o a s s a ry t o p r o t e c 4 l.e rt d e r's interest!f Lender required mortgage
<br /> ins��ncs as a condition of makirtg the loan secured tsy this D�ed of'fiust,Bomrnvat sha►I pay th�premtums requUed to
<br /> - ,��•_.},,;�:� . _ me��etain such(nsurartoe tn effect untii such time as the quir�mer�t for such insur&nt�termir�ates fn aceorclance wdh
<br /> -` :�''��: Ba�`o�rre�s arsrl lendsfs wrttten�greemam or n�Q�.
<br /> �- - � Ariy amau►�ts disi�ursed by Lender pursuant to this par�graph 7. witt►interes4 thereon,at tha Note rato.shatl becomo
<br /> aat�t,tlonal indeGtedness of�orto�ver secured Iby this DEed vf Tru�.Untess Bor►ower and Lender agree to oth�ir terms of
<br />-'._-_ payc��cnt. such amounts �hal1 be payable upan notice from Lender to Borrower requesting paymer�t thereof. Nothirtg
<br /> con+ict'ned in f�is�ara9raPh 7 shal�recluire Lender to(r�cur arry expense ar take any act3an hereursder.
<br />� @, lospec4ion. Lendsr may make or cause tn bs m�de reasonaWa enMes upoe�and tnspectlons ot the Property.
<br />— . prcr�ided 4ha4 LeRrler shall give Borrower not(cc�priar to any such Inspection specitying reasonabte cause theretor�e(a4ed
<br />— to L.dnder's tntarest[n the Proparl,Y.
<br /> 9. Cortdemnation.The proc�eds of any awa�d or claim br darrtages.direct or cansequentlal.tn conrtec�on wtlh arry
<br /> ° � . corde�nation or othter taking of the Property,or part thereof. or for corneyance In 11eu of condemnatton, are hereby
<br />' '`� a�tgned and shail be pafd to L�nder.subject to tho terms of any mortgage.deed of trust or other securiry agreement avitt�
<br /> a li�n�vhich has pdority over this De�d of Trus�t.
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