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<br /> ''r �',�` "�� . UNIFORM COVENANTg.Borrowsr end Lender covenent and a�r�e as lollowa: ��� �e`����
<br /> - �'!r�,�'
<br /> : n y �-: �, p a�a n l W P d n a l p a l a n d I n t�M t. B o r r o w e r a h a l l p r o m p t l y p a y when due the princi pal o!end Interest on the
<br /> , '•�.�-y:•�r ied�bt�dnessevldencedbythallot�,prepa mentandlatecheryesasprovidedlnlheNota.andtheprinelpalatondlnt�naton
<br /> any Futuro Advancos sacured by the�of Truet �- _
<br /> ' Z. Fund�laTaxM�ndlnaurenc�.SubecttoepplicablelawortoawriBenwaiverbyLender,BorrowerahellpeytnLender e _ _,_�rs_,�
<br /> . ,r, ai thedey monthly lestallm�nb o1 principe��nd int�reatero payeble unde�the Note,untll tho Note irpald In/W1,a eum(h�reln ---
<br /> � ' � � "Fu�di")equsl to on�•lwAl(th of fhe yearly texes and�asss�msnts whioh may attefn prio�ity over thie D�d of Trud,end
<br /> pround rents on the Property,if any,plu�one-twelfth o1 yeerly premium instellmente 1or hezard ineurance,plue one-twelRh of
<br /> yearly pnmlum Insfallmente for moR�ape insuranae,il eny,all es reaennably eiHmoted Initlally�nd hom time to tlme by
<br /> �� Lsnder on the basis o1 eeasaments and bill�and reason�ble aNmates thsreof. ��
<br /> '° • TheFundsshallbeheldinaninstitudonthedapo�iboraccountaofwhfcharelnnuredorgueranteed,byaFederalorstete
<br /> �' •� • • � epency(Includinp Lender it Lender is�uch an institudon). Lender ahall epply the lunda to pay eaid texea,aeeesaments, _
<br /> inaurence premlums and praund renta.Lender may notcherge for eo holdinp end epplying the Funde,enelyzinp seld account
<br /> °� orverilyinpendcompilinpaaldaesessmentsendbille unlesaLenderpeyaBorrowerinterestuntheFund�a�de plicablelaw � .-�-•---���.------
<br /> pe�miteLendertamaka�uchecherge.8orrowerand�.endermayagreeinwrlUn�atthetimeofexecutionoflhls�olT►uet '�-
<br /> ; thet Intereat on the Funds ehell be pald to Borrower,and unle�a suah a reement fs mede or e pIfcalbe�ew requi�ea such - -
<br /> �; intereet to be paid,Lender ahell not be required to pay Borrower any interesl or earnln a on the Funds.Lender shell pive to +�'`^-.�,•i��i.
<br /> r• , . .. 8orrower,withbittotheFundswaamede TheFundsaeepledyedasa�ddltionalsecu�ery orthiumisecuredd�bythisp�0eedof � s``���
<br /> whicheachd �,.--.``� �``.�. --
<br /> Truet
<br /> R� ° If the emouM of the lund3 held by Lender,topether with the luture monthly inatelimeMS of Funds peyable prior to the due ��'== - ------,--
<br /> � datea of texes,aesesemenle�inaurance premiuma end ground rents,ahell exceed the amount required to pay aeid taxea, �p—.-..�
<br /> �' esseasments,inaurance premiums end ground rents aa they lall due,such excess ahall be,at Borrower's optlon,elther �.._ _ _
<br /> f promptly repafd to Borrower or credited to Borrower on monthly InsteNments of Funds.If the amouM o1 the Funds held by - Y`�.t:����_
<br /> • � Lendershel1notbeauBfcienttopaytexes,asseasmente,inaurancepremlumsand groundrentsaetheyfalldue.Borrowershall =__
<br /> . � pay to Lende►any amount neceasery to mako up the deficfency within 30 daya from the dote noNce is mafled by Lender to -,,�.� � s��x',���
<br /> ' Borrower requestlnp peymont thereof. ' ' v'�-�•
<br /> i Upon peyment fn fu l l o f a l l auma secur e d by t h is De e d o 1 T r u a t,L e n d er ahell prom ptl y retund to Borrower any Funds held by � ___
<br /> � j Lender.It under paregreph 18 hereof tho Prope►t�r Is sotd or the Properiv Is otherwlse acqulred by Lender,Lender shall apply. • - -'
<br /> no later than Immedletely prlor to the sele of the Property or Its ac uiait(on by Lender,and Funds held by Lender atthe time of � __
<br /> I appllcetion es a credit epelnat the sum�seCUred by thls Deed of�rust � �-=-
<br /> 3.Appllwtlon ot P� m�nb•Unlese appliceble law provfdes otherwlae,all paymenta recelved by Lender under the Note i `a�. �
<br /> and peregrapha 1 and 2�ereof ahell be applied by Lender Ilrat in payment of emouMa payable b Lender by Borrower under � , � _
<br /> � parapreph 2 hereot,thYn to Interest peyable on the Note,then to the princlpal of the Note,and then to interest and princlpal on . r
<br /> eny Futu�e Advancea.
<br /> I.Ch�rqM;U�n�.Borrowera shell peyell texes,asseasmente and other charges,llnesand impositlons atlributable to the � � r
<br /> Properly whlch mey atlafn e pNorltv over thls Oeed oT Trus�and leasehold payments or ground rents,If any,in the menner
<br /> — p►ovldnd under peregreph 2 here�3 or,R not paid In auch manner,by Borrower making�eyment when due,di�ectly to the � ��
<br /> payee thereol.Bo�rower ahellp►omptty lumfah to Lender e11 not�ces oi emounts due undnr itiie Neregreph,and ln iha avsnt � ''—"-.`'_-
<br /> Borrower shall meke payment dlrecGy, Borrower shall promptly fumish to Lender recelpta evlde�cing such payments. '�'�:`
<br /> 1 Borrower shell promptly dlacharqe any lien which hea prlorfty over thls Deed ol Trust provided,that Bor�ower shell not be � .
<br /> requlred to dlscharge anY such Ilen so long as 8orrowershall agroe in wrlting to the payment of the obligation secured by such •j-
<br /> � Ilen In e menner eccepteble to Lender,or shell fn yood leith contest such lian by,or defend enlorcement of such Ilen In,leyal �, •k�•�_
<br /> proceedings whlch operate to prevent the enforcement of the Ilen or forfeiture of the Properiy or eny pert thereof. � ;� ,
<br /> ! 5. Ha:ard In�u�aec�.Borrower shall keep the improvementa now exfsting or hereaiter erected on the Property insured .
<br /> � agalnst loas by tfre,hezerds included wlthin the term"extended coverage",and such other hezards as Lender mey require •��
<br /> , � end In such emounts end for such perlods a8 Lender mey requlre;provfded,that Lender shall not require thet the amounl ot
<br /> such coverage exceed that amount of coverage requfred lo pay the sums secured by this Deed of Truat. o
<br /> Thls insurence cerrler providing the insurance shall be chosen by Borrowar subject to approval by Lender;provided,thet •
<br /> such epproval ahaN not be unreasonably withheld.All premiuma on insurance policiea ahell be pald in Ihe manner provided �
<br /> ' under perapraph 2 hereof or,ff not pald in auch menner,by Borrower mekinp payment,when due,directly to the insurance ,
<br /> carrler.
<br /> All fnsurence policlea and renewals thereol shall be in torm eccepteble to Lender and shall include e standard mortgage
<br /> clauee i�lavor of end fn form eccepteble to Lender.Lender shall have the rfght to hold the pollcles end renewals thereoi,and
<br /> Borrower ahall promptly furnlsh to Lender all renewel notices end all rece�pfs of paid premfuma.ln the eventof loss.Bwrower ,
<br /> nhell glve prompt notice to the inaurance carrier and Lender.Lender may meke proof ot loss if not mede prornptly by Borrower.
<br /> Unlesa Lender end Borrower otherwlse aflree In wrlting,f nsurance proceeds shall be applfed to restoratfon or repalr of the
<br /> ? Property demaped,provlded such reatoraflon or repefr is economically feaelble and the securlty of this Deed ot Trust is not •
<br /> thereby Impafred.If such restoretfon or repefr is not economlcelly feasfble or il the securly of thls Ueed ol Trust would be
<br /> Impelred,the inaurance p►xeeds shall be applied to the aums secured by this Deed of Trust,with the excess.If eny,pafd to
<br /> Borrower.If the P�operty ia abendoned by 8orrower,or II Borrower falla to respond to Lender wlthin 30 days irom the dete
<br /> notice ia melled by Lender to Borrower that the fnsurance carrfer�Hers to settle a claim for insura�ce beneffts, Lender is
<br /> � authorized to collect end app�ot Trust ance proceeds at Lender's optlon either to resforation or repair of the Property or to
<br /> the suma secured by thfs D
<br /> • Unleaa Lende�end Borrower otherwise egree in wrlifng,any such applfcation of proceeds to princfpal shall not extend or
<br /> poatpone the due dete of the monthly Instellments referred to fn pa�agrapha 1 and 2 hereof or chas�ge the amount ot auch
<br /> • Instellmenb.lf under paregraph 18 hereot the Property fs acqufred by Lender,all nght tHle and Interest ot Borrower in and to
<br /> eny InsurenCe pollcfea and In and to the proceeds the�eof resulling from damage to the Property prlor to the sele orecquisftlon
<br /> ahall pass to Lender to the extent ot the sums secured by this Oeed o1 Trust immedietely prior to auch sale or ecqulsltfon.
<br /> 8. Pr�rvatlon and M�Int�oane�01 Prop�rty;L����Aoldr,Condominlums:Plann�d Unit D�v�lopme nit.Borrower shall
<br /> keep the P�operty fn good repafr and ahall not commit waste or permit impafrment o1 deterioratfon of the Property and shall
<br /> comply wlth the provlslonsof any lease If thfs Deed of Trust is on R ieasehold.If this Deed ol Trust�s on a unit In a cundominlum
<br /> or a planned unit development,Borrower shall peNorm all of Borrower's obligations under the dec�eratlon or covenants
<br /> creatlng or governing the condomini�m or plenned umt development.the by-taws and regulations ol the condommlum or
<br /> planned unfi development,end constlluenf documents.II a condomimum or planned unit development nder is cexcuted by
<br /> I Borrower and recorded together with this Deed ot Trust.the covenanis and agreaments of such r�der shall be mco�porated
<br /> Into and shall amend and supplement the covenants and agreements ol th�s Cleed ol Trust as il the rider were a pe�l hereof
<br /> 7. P�ol�cllon of L�nd�r's 8�curify.If Borrower Iniis to perlorm the covenants and agreements contained in th�s Ueed ol
<br /> Truet,or il any ectlon or praceeding�sCUmmenced w�th mat9nally nHects Lender's inlerest in the Property.including but not
<br /> limlted to,eminentdomain,Insolvency,code enforcement,or arrengements or proceedfngs involving a bankruptor decedent,
<br /> then Lender at Lender's optlon,upon notice to Borrower,may make such appearances,dlsburse such sums and take such
<br /> actlonaslsnecessarytoprotectlender'sinterestincludfng,butnotlimitedto.dlsbursementotreasonaWeatlorney'sleesand
<br /> 1 entry upo�n the Property to make repefrs.If Lender required mortgage i�surance as a condltlon of mak�ng the loan secured by
<br /> the Deed ot Trust,Borrower shall pey the premfums required lo mamtain such�nsurance in eHect unt�l auCh time as the
<br /> t requlrement 1or such Inaurance torminetes fn accordence with Borrower's and Lender's written agreement or applicalbe lew
<br /> ...�..�eu......�..e..e:.. .e.,�o.,n.mwme in ehw mannwr nrowded under nerearaOh 2 he�901. __
<br /> ODfrVNni ai�aii o�u�o o�v'v�..v.v...�.....y..p......°.L'.....__�_.._.._- - - • .
<br /> Any emoun�s diebursed by l.ender pursuant to this paragraph 7. with interest thereon, shall become addit�onal
<br /> Indebtedness ol8orrower aecured by this Deed ol Trust.Unleas Borrower and Lender agree lo other term s of poyment,suc h
<br /> amounts shall be payable upon notfce trom Lender to Borrower requesting payment hereot,and shr�ll bear mterest Irom the
<br /> dete of dfsbursementet the rate paya6le from time to time on outstanding pnnapal under the Note unlesa peyment ol interest
<br /> et �uCh rete would be contrery to applfcable law. �n wh�ch event such amounls shall bear interest �t the highest rate
<br /> permlaslble underappllCable lew.Nothing contained in this paragreph 7 sltall reqwre Lender to�ncur an�Qxpc3nse or take any
<br /> actlon hereunder.
<br /> 6. In�p�edon.Lender may make or cause to be rt�ade roasonnbie entnes upon:�nd invpect�ons ul the Property,provided
<br /> thelLendershell glveBorrowernouceprwr bany su�h u�sNe�l�����,Ne��lymU i�i.�sUn.�bIP�au:C thcrcforp rel;�tedto Lender's _
<br /> � Mferest m the PropeAy.
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