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<br /> ' � UNIFORM COVENANT8 Borrawe►and L�nd�r covonanl and afl��s at fA�bwr f�• - . .. _,,_;.__
<br /> � �. P�r��d���pN���t�t. Borrower �hall promptly p�y when due Ihe prmcipal of and inte►est on 1he � � ••r,,
<br /> • ind�bbdMaswldonqdbytM(doN.P�!My�nl�ndltlscl►�ryesasprov�dad�ntheNoto.andlhepnnapalotand�nt�iaston , ..;.r�.
<br /> . ;a,.
<br /> � . �ny FWun Adv�nca Mcur�d by ths��o ot Trud. p y � , . - �-'R,.:-�•�,�
<br /> T. Funtl�fo�T�xM�d�mw+ina�•Sub��c��oappUC�blelawortaawrittenwawerbyLender,8orrowershell e tolender �° �.-^,s:: Y �
<br /> ' onthsdaymonihlyln�iallm�nbol tinelpal�ndlnteroaleropa3aWeundertheNote,untUthetVatelapa�dfnfull.enum(h�!rein � _ _ .
<br /> • "Funds")s4���o�•�'���01��Y�rly taxa end assessments which m�y attam pnpnty over thie Dwd ot Trus1,and . ,
<br /> qround�soaonlhsP�op�Ay,I1�nY.P�usone•MrelRholfrs�rlyp�emluminsmllmentsforhazardmfurance.pfusona-twsNthol
<br /> ; ye�hy prsmfum installm�nts lo�mortpa fnsur�nce.ll any,all a� re�sonabry e�timated lmtiallY and Irom Ume to tu�by �
<br />. L�ndar on th�b�sis of asnamanh�n�W�ls and reawn�We e�timsites thareot.
<br /> ThsFundsshallb�hNdinanlostitutlanthedepoltbor�ecauntsolwhicherethe lu�ds`tauary�d taxes,�ssessmetnt�
<br /> i apency pnclud�np L�nd�►it Lende►(��uoh a�instltution).Lende� aha�l eppy pa .
<br /> in�urancs premiums�nd prounct rents.Lender may notcharge tor ao hotding and epplying the Funda,anelyzin�sa�d eccaunt
<br /> � orvsrlyinp�ndcompflin�oaidastessmenbAndbills.unlessl.ende+rpaysBorrowerintereatantheFundsendapplicablelpw 7
<br /> pennita Lender to maks such a ch�rga Bonower and Lender may oq�ee 1n wnting at the tlme o1 execul�on of this Deed o1 T�ust
<br /> thst Inte�e�l on the Fu�d�sludl be Raid to 8orrower,a�rrower an�interest mor earnin g�s on ihe Funds Lendeeshall give to
<br /> ' fnterest to bep�id,Lender sh�ll not be requfred to pey Y
<br /> BO►�owsr,wilhout chsr Qe,en pnnuol a�cCOUntlog olihe Funds ahowlng credlt�and de6its to tho Funds and Ihe pu�pase lor
<br /> which each d�bit to Ihs Funds was m�.�'►�Funds are pledped es add�tlonal security for the auma secured by this Deed ot j ,
<br /> 7�uat. '
<br /> � � If the emount ol tM lund�hWd b�k9�xior.6oyether with Ihe lutu�e monthly Installments ot Funda payable pnor to Ihe due
<br /> detaa o1 taxet,astesfinents.�nsurance p+rM�►►ums and ground rente,shell e�ceed the amount requi�ed to,pay said toxes.
<br /> oaaesaments,inaurence prem►ums artcig��ower on moMhly inst�a�l1�n��C fs of f unds af�the om unt ol lhe Fu�ds held by�
<br /> � promptly repaId to Bonower o�cr�t�d icr • ,
<br /> LendershellnotbssuftioienlNOpaYpues.assessmenta,inauranceprem�u�^=�d groundrentsaatheylalldue.Borrowershall
<br /> , � pay to Lender any amount oecessary to make up the deficlency w�mm 90�ia±s hom tf,e date norice�s ma�led by Lendar to :
<br /> � Bo►rower�equeaUn�PaYma"t tt�e�e°f.
<br /> UponpaymentinlullofatlsumssecuredbythfaDeedo�Trusl.Lenders��a:yrampri�refundtoBorroweranyfundsheldby
<br /> Lender.Ilundsrparapraphl8hereoliheP►operlYisso�dorthePropaR�er�,�therw�seacqu�redbyLender,Lendershallapply. ._
<br /> no leter then immedfately prior to the sale ol the Properly or ita acqu�s�t�on rti le�de►.and Funds held by Lender atthefime ot
<br /> epplicauon as e credlt a�einst the aums secured by this Deed ol Trust.
<br /> � 3, A���p�pa�nNnb.Unless appliceble lew providea otherwise,all payments recerved by lender under Ihe Note
<br /> end paragraphs t and 2hsreof ahell be appNed by Lender f�rat In payment af amuunts payabte to Lender by Borrower under
<br /> parapraph2hereof,thontointerastpayebleontheNote.lhentolheprincipaloltheNote,endihentointerestandpnrtc�Ra�on
<br /> any Future Advancea• �
<br /> �, Ch�ryN;LI�M.8orrowere shell pey all faxea asaessmenle and other charges.lines and imposrt�ons attr�butabte��ine ' ,•.'_
<br /> Property which may aftefn e prfo►ItY ovar thls Oeed ot 1'rus�and leasehol�fiayments or gtound rents,�f wny.m the manner ;r'i'.:
<br /> rovided under Wregraph 2 here�i ar,lf not paid M auch ma�ner,by�orY.^we�making payment,when due,duectly to 1ne ,
<br /> I Qpaype�perepl.Borrower si�eli prompilr turnish to isndar a!!notices e!�^!�^�:"ta�i„e under thfs pareAraph,and In the event ,;�i,.
<br /> 1 Horrower shall mekepa yment dlrectly,8orrower shall promptly lurr�ish tr L^^�er receipta evfdenang such paymen[s . .��'�_{°
<br /> Borrower shall promplly discharye any Ifen which has pnority over this Oeed L� T7ust:Provided,that 8orrower shall not be }
<br /> � requlred to discharge any such lien 80 long a8 Borrower shal)&gree in w�iting l:t ne Fnyment of the obl�gal�on secured by sueh
<br /> Ifen in a ma�ne►accepteble to lender,or shell In good faflh contest auch I�en T4.or defend enforcement ot such Ile�in.lega� ,,.r
<br /> � proceedings which operate to prevent the enlorcement ot tha Ilen or torfeii���e of the Property or any paR thereol. '
<br /> 5. H�tard Inturanc�.Bor�ower sha11 keep the Improvements now ex:stmp or hereaRer erected on the Property msu�ed
<br /> agafnat loas by flre,hezerds Included withm the tertn'exlended coverage",and such other haxards as Lender may reqwre ���.�,+�
<br /> and in such amounte and for such perlods as lender mey requlre;provided.Ihat Lender shelt not requ�re that the amou nt ol _
<br /> such coverege exceed thet emount ot cove►age�equired to pay the sums secured by this Deed ol Trust.
<br /> This insurence Cerrier providing the Insurance shall be chosen by Borrower sub�ect to approval by Lender;provided,that .
<br /> undeapo�e VaePh 2'h eeof or,it n�t peid in such men�ner,by Borrower maki g paymentgwhen due,d�rectly lo the�surence ''
<br /> I Cerrfer.p � ���
<br /> 1 All insurance policles and renewals thereof shall be In lorm acceptable ta Lender and shell include a standard mortgage
<br /> � clause in fevor of and in form acceptable to Lender•Lender shall have the nght to hold the policles and renewals thereof,and
<br /> Borrower shell prompUy lurnish to Lender all renewel notices and all recefptsof paid premiums.In the event ot Ioss.Borrower
<br /> I shall give prompt noUaeto the inaurance cerrier and Lender.lender may make proof ol loss if not mede promptly by Borrower.
<br /> • � � Unless Lender end Borrowe►olherwise ag�ee in writi�g,�nsurance proceeds shall be appl�ed to restoration or repa�r of Ihe
<br /> Property damaged,provlded such restoration or repa�r fs econom�cally 1eas�ble and the secunty ol ihis Deed ot Truat�s not
<br /> ' 1 . ' thereby impaIred.II such restoretion or repair ia not econornically leasible or �1 the secur�ty ot ihis i'S�aed of Trust would be
<br /> � : � I Impaired,the Ineurance proceeds shell be applled to the sums secured by th�s Deed ot Trust,with tn e excess.�f e�y,paid to
<br /> � Borrower.lf the Properly is ab8ndoned by Borrower,or if Borrower teils to respond to Lender withir,30 days from the date
<br /> ��� �' ' ; notice Is malled by Lender to 8orrower that the�nsu�ance carner otte►s to settie a ciaim 1or insurance benefits. Lender�s
<br /> ' authorized to colleCt and a�Fply the insusanCe proCOeds At Lender's option eilh er to restorat�on or repair of the Property or to
<br /> � the auma secured by thls Oeed o f Trua t.
<br /> Unless Lender and Borrower otherwiseagree fn wnting,anysuch applicatian ot proceedsto principal Ahall not extend or
<br /> i postpone the due date o1 the monthly mstellments relerred to ln paragraphs t an d 2 hereof or change 1he amo�nt ot such
<br /> mstellments.ll under peregreph 18 hereol the PropeAy is acqu�red by Lender,all r�ght,titla entl interest ol8orrowet in and to
<br /> any fnsurance poHcfes end m and to the proceeds theravt resulUng trom damage to the Properly pnor t0 the 881e or ACquisil�or
<br /> shall pass to Lender to the extent ot the sums secu�eC by th�s pe�d ol Trust�rnmed�ately pnor to such saie or ac qu�sii�on.
<br /> '•� ' 6. PnurwtlonandMslnienanc�olProp�rly;L�aaeholdr,Condominiums:PfannedUnitOev�lopmeets.eorrowersnan
<br /> ,:� keep the Propeny in good repair and shell not commit waste or perm�t impairrneM of deter�ornt�un�1 the Prnperty end shait
<br /> comply withlheprovisionsofanyle89ef�Ih+sfleedofTrustisonaleasehoia.Ilt��sdeedolTr�st�sonaunitmacondomm�um
<br /> j or a planned unit development.9orrower shall perform al!ol Borrower's obllgalions under tr.e deciaration or covenants ,
<br /> � , ,; � . Creating or governing the Condominium or planned unit development,the by-laws and regWat�ons al 1ne condominium or
<br /> I plenned unit devebpmen4 end conatituent documents It a condomirnum or piannea un�t deve�opment r�der�s e�cuted by
<br /> I Burrower end reCOrded topether wlth thls Deed o�Trust.lr�e 6ovenants And agreements o}sucn ntler sheu be incaporated
<br /> , ' :� ��nt0 end shall amend and s�o��ement the covenaMS a��d ag�eemFm�s o►th�s C7eed o�Truat as rt the nder were a part hereol
<br /> 7. Prot�ellon ot L�ndu's SeeuNly.If Bor�ower 1a�ls te pencrr-�th��a�vNnnnts and agreemenls contamed+n th�s Deed of
<br /> 7rvs1,or i}any action or preceetling�s commenceq w�tn marona�ry HHec�S Lender's�nterest in Ihe P•oCerly��clucfmg but not
<br /> I I�mited ta.�emme�t domain,insolvency.ctd�e ec'orcem e��.o r ana ngem ents or proceedinga mvo�wr.�;a�ankrupt or decedent.
<br /> then lenC��at�ender's opUon,upon r.�iice to aorrnwe�.mt►y make su:�r appearances,dlsburae�u�'�ums and teke such
<br /> actioneslsnecessaryloProtectLender's.n�arestmciudmg.butr.otlirti�le�to.disbursementotreasonnb�eattorney'sleesand
<br /> � � � entry uponlhePropertytomakerepairs.lt�entletreq:��redm�rtgagerns�ranceasac�nditior o+'mpk�^gtheloenseeuredby
<br /> the Deetl ot Trust,Borrower shall pay the premwrr.s reau��ed to ma�ntain sucr� �ns..•a�ce�r eHect untd such t�me as the
<br /> i requirementforsuchmsuranceterminatesmaccordance.vrthBorrower'sandLen�e*'a*:�rena �eementorappI�Celbelaw
<br /> �.tie��..e,..tia om���ne nf all mortoaae insurence perm�ums�n Ihe manner pr�videtl u��c�4aragraph 2 hereol.
<br /> o-v:�:.::�....... ,...__._ ^ °��:::�.^.�!
<br /> Any amuun�s disburaed by lender puisuant to th�s parag rapn r, w��n �r,ieresi ii�a�rt•-. ;-�a�7 �ec�'�� �
<br /> indebtedrtess of Borrower secured by this Deed of 7rus1.Unless Borrr�ver and Lender agree to o1hQ�terms ot payment,such
<br /> amounts Snall Ge payable upon notice lrom Lendor to Borrower r�:C�est�ng payment hereof.and snali beat mterest lrom tne
<br /> dateotdisbursementatthetatepayeblefromtimetotimeonoutsWncl�ngpnne�DalundertheNoteunlessDaymentof�nteresr
<br /> � pe missibleu Qera�p ca�►e ewtNothln�gcona��edinl is�parag apn7sna���°R�.+��P-l@nde tOinCUeA yp1pE s�°a taMeany
<br /> � ection hereu�der
<br /> � 8. ImpetqR tender may make or cause to be inade reason.an��.�rt��tnes upon a�d�nsDet!�� 3 ���he Prcae�Y prov�Qed
<br /> thet Lender snall g�ve 6o�rowe►nobce D��or fo any su�n�•��pecnr+��,I��h:•�'�"nQ ra.i50^aC�'C•3u5?�'��?rpl�rp rBl3ted tA LC�tlNr<
<br /> ; interest in the Prope+'ty
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