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<br /> � UN�M COVENANTS Bnr�ow�r and L�n4er cov�n�nt�na apreo nn Inllnwn
<br /> 1.PaynNrli ol P11nCIpN�nd 1111�Nf. 8or�owYr shell prompll�� pay wnt+n dun�nn pnnapot of�nd �ntn�asf on the �,. ..,�,�.;.��,__„
<br /> � � �� md�blWnnsw�dsnC�dbylh�Nw�.pr�peym�ntandl�tachaiqesasqrav�dnQ�ntheNote.�ndlh�pnnupyiofanA�nt�n�ton � ___ _
<br /> �ny Putur�Adv�nc�f Ncund by fhe Gaod of Truet �""!"� -;:-
<br /> �. Fund�brTa�cMafdlMwani¢�.Subt�ttqapphCablelawaHOwwntl�nwA�verbyl.ender Borrow�«h�uDa tolend�► `"�-s'
<br /> Y ,u?--�,�-..
<br /> onMtdaymonihiymstelimsntlotpnn�ipntAnrl�ntsreelerepey�bleun�lnrtheNuln.unbl�hYNoi�ispaid�ntull,asum(herom �'-�`'-'• -,
<br /> °Funds")equal to on�•ewNflh of the y�ariy�az�a�nd�ss�ssment�whiatt mny aNsin pnonty ovu thia[�a at Trusr.�nd ;' __ _ '�:_�
<br /> qroundr�nbonth�Prop�rty.lfany.pluAOns-hv�iRhol y�erlyprem�uml��tAllmentslorh�z�rd�naurancs.ptusOn�-twNNhof s,��„�_{��-__
<br /> Yeany pnmwm�nstallm�t►b tor m4r1pAge meurance.if any,all as rsp8annbiy asttmatsd imU�liy�nd from dtn�to UrtN by ..-��.-�•'`�w,•.�;��i°
<br /> � l�nder on ttN bl�:is ot as�t�m�r►ts md Wile�nd rNaon�Dte est►meteo tnareol. ��. +�� • ° —
<br /> • TheFundsah�IlheheldlnanmaHtuttonri+ed�positsoraccou�t�atwhiahnrs�neuredorguusnlNd.byaF��lorttat� � . .. •
<br /> • epency Imciudmq L�nd�r U Lender ia such an mstduhon�.�ender at1Ali apply thn lunds tope y s�id taxa.�sNS�nb•
<br /> •� msunneepremlums�ndproundrtnts.l.�nd�rmaynotcheryelorsohatdln�1 AndapplyinpthsFund�,anslytmqwid�ccount
<br /> �,, orventylnQandcompilfnqsaidasseasmentaandbille,uNeesLenderpflYaHorrower�ntNestonth�Funds�ndapp Ilc�bl�l�w �
<br /> - •� pe�mds Lsnder to make such a charqa.Borrower and lend�r may epres in wrdln{�et the tf ms ot�x�cuhon o1 th�s Ossd ol Trust �
<br /> that interest on th�Funds shall bs pa�d to Bor�ow�r,and uniess auah ap�Aement in made or appIicaibs iaw reqWrq wch
<br /> intsn�t to bspa id.Lsnder shdl not be requ�nd to pay Borrower any mtarpal or enrmn s on thu funds lender shall qiv�to ,
<br /> • ' Bor�ower,without char e,an annual accounpng of Ihe Funds ahowmg Cre�dtte and de��i�to Me Funds and the purpotr lor �
<br />- � whiChNChd�bittoths�undtwadmade.TheFundsu�pledyedasaddlltonalsecu�iryforth�sumsaecundbylhisDMdo1 ,_, .�.
<br /> Truat '
<br /> ' If the amount ot the tunds hetrl by Lender,together w�th Ihe tuture montt+ly�nateliments ot Funds payable prlor to the due
<br /> dates ot taxes,assessmarsta.msurance premiums and ground rents,ahHll axceed iha amount rpuued to pay seid lax�s.
<br /> usesam�nta,maurance prtm�uma erd ground rents as they tall dua,nuah excaaa sha11 be.at Borrower's option.Nther -
<br /> promptly ropaid to Borrower or crQdited to florrower on monthiy�natallmante o1 Fundr�.U the amuunl ol the Funds held by
<br /> LendsrshellnotbesulNclenttopeymxea.assessments.msurenceprom�umaand groundrentsestheyfaUdue.Bo�rowKahall .,��y�.:_i
<br /> pay to Lender any amount neceaeary to make up the d�ficiency wdhm 30 days�rom the date natice�s mau�d by Und�r to , ,... : _
<br /> Bor�ower requesU�g payment Mereot.
<br /> Upon�ayment i�full of all sume aecured by ih�s Deed ot Trust,lendt+r Aha�l ptomptiy refund to Borrower any Funda held by � _
<br /> ° Lender.lt under psrapraph 18 h�roof the Property�s sotd or the Property ieotharw�se acquued by Lender.Lender shali spply,
<br /> • nolaterthanimmediatetypno�tothasaieotthePropertyorftsac uis�ltonbyLendor.endFundsheldbyLenderatthetimeol . '�
<br /> application as a credit aysinst tha sums secured by this Oeed of�rust.
<br /> � 3.AppifeaMoa ol Paym�nls.Uniess epplicable Iaw prav�des ofherwies.all payments recened by Lender under the Nots '•
<br /> and paragrephs 1 and 2 hereof she��be epplied by Lende�first m paymant ot amounts payab�e to l.ender by 9or�ower under
<br /> paragraph 2 hereof,then to intenst payaWa on the Not�.then to the prfnaipgl of the Nota,end then to inte�estand pnnc�pal on .� -
<br /> myFutureAdvances. .:, ...'�
<br /> �.Char�s;Ll�.Borrowenshallpayalttaxes.essessmentsandothercharges.tinesandimposnionsattributabletothe
<br /> Property wh�ch maq attsin a pdotity ovQr tn�s Deed of Trust,and Ieesehald payments or ground re�:ts.�f any,in Ms manner ,�;,
<br /> provlded undsr parayraph 2 he�aof or,if not paid in such menner,by Qorcower making payman�when due,diractly to the '��� `��
<br /> p a y e e thereofi.8orrowar ehaH pro�t��fi y t�,t�iish to Le�ie�at!s�aticas of amounts dus onder!l�IS pe+ngreph,and fn thw svant �:1i"���.
<br /> B oROwer shelt make p.ayment dfrvctly,Borrower shall promp t�y(urms h to Len der rec ei p q e v�d e n c��g s u c h p ay m e n t s.
<br /> Borrower shall prompdy diechar4e any lien wh�ch has pnority over thts Deed of Truak prowded.that Borrower shal l not be
<br /> � requlred to dlachargeany such Hen so long as Barrower ahall agree in wnting to the paymentotthe obtigation seeured by auch �
<br /> lian In a manner accspteble to Lender,or sBall in good farth contest suah Hen by,or defend enforcement of such ben�n,le�al � , _
<br /> : � proceediny�which openta to prevent fhe enforcement ot the tien or taAeiture of the PropeAy or any part thereot. � -
<br /> -�, '� 5.Huan!Inwnec�.Borrower shell keep the�mprovements now oxi8ling or hereatter erected on the Property msured � � Q
<br /> apainst Ioss by ffre,hazards inciuded withm Me term"extended coverega",and such other hazards as Lender may requve =
<br /> � end in such amounb and for such periads as Lender may require:provided,lhat Lender shell not requue that the amount of f �
<br /> � auch coverage ezceed that amount ot coveragQ required to pay the auma secured by this Deed of Trust
<br /> � Thia fnsu�ance cerrfer prov�ding tha insurance shall be chosen by Borrower sub�ect to approval by Lender;prov�ded,that X' '
<br /> � SuCh epproval shatl not be unrerlsonably w�thha�d.AII prem�ums on maurance policies shall be pa�d in the manner provided �
<br /> under parapraph 2 hereot or,if hot patd in suCh mnnner,by Bor�ower mek�ng payment,when due,d�rectly to the msurance
<br /> � carrier.
<br /> � AII insurance policies and renewals thereof shall be in forrn acceptabSe to Lender and shall include a standard morlyege �
<br /> � clauae�n tavor of and in form acceptable to Lender lender shall have tha rlght to hold the policies and renewala the►eof,and
<br /> Bosrowershall promptlyfurnish to I.ender all renewal not�cesand all receiptsof pa�d prem�ums.In the eventof loss.Borrower =
<br /> shallgiveprpmptnoUCetotheinsurartcecarnerandLender LendermaymakeproofoflossifnotmadepromptlybyBor�ower.
<br /> Unless Lender and Borrower otherwise agree�n writing,msurance pipceeds shall be appl�ed to restoration or repair of the
<br /> Property damaged,prov�ded such restorahon or repair is economicalty teasible and the secuny of this Oeed ot Truat�s not
<br /> �. , , thereby impeired.If such restorahon or repau�s not econom�cally feasible or if the securUy of th�s Deed of Trust would be
<br /> impaired,the insurance proaeQde�ha1l be appued to the sums secured by thts Deed ol Trust,w�th the excess.�f any,paid to .
<br /> � �. Bonower.lf the Property Is ebandoncsd by Borrower,or�f Borrower taita fo respond to Lerder wdhin 30 days from the dete -
<br /> notice�s maited by Lender to 8orrower that Ihe insurance carner oHe�s to Settle a claim for msurance benef�ta.Lender�s
<br /> authorized to collect and appIy the�nsurance proceeds at Lender's opt�on either to roatorat�on or repau of the Property or to .
<br /> Ihe aums secured by this Deed ot Truat.
<br /> � � ���� Unlesslender and Borrowerotherw�se agree�n wnting,any s�ch applicution ot proceedsto pnncipal shall not extend or z
<br /> postpone ihe due date ot the manthly mstallments rete.red to�n paragtaphs 1 and 2 hereo!or change the amount oi auch ,.
<br /> `i mstallments.If under paragreph 18 hereot the Property�s acqwred by Lender,atI nght.t�tle and�nterest o18o�rower m and to +�.
<br /> any insurance policies and�n and to the proceeds thereof resun�ng trom damege to the Property pnot to the sale or acquisition .,
<br /> y shall pasa to Lender to the extent of the sums securee by this Deed of?rust�mmediately pnor to such saie or acquisit�on.
<br /> � � ' 8. P��rv�tto+�and Malnf�nanc�of Prop�rty:L�astholds;Condominiums;Ptann�d Unit MvNopm�nts.Borrower shatl
<br /> � � keep the Property in good repairand shell not comm�t waste or permd impaument of detenarat�o�ot the Property and shall
<br /> '�•'�� comply wdh the provis�ons of any lesse if th�s Oeed ol Trust is on a leaseho►� If this Oeed ol Truet�s on a urnt�n a condomimum
<br /> �' >,;''; ' ' 1�'� or e pfanned unit development,Borrower shatl perform a1I of Borrower's obligaUons under the declaraUOn or covenents
<br /> � . • �",, ' � creatin or governmg the condommium or planned unrt development,the by-lews ana regulaUOns ot the condominfum or
<br /> :,,,•, plann�unit development,and conetftuent documents.lt a condommium or planned urnt development nder�s excuted by
<br /> Borrower end reco�ded together with th�s Deed o1 Trust,the covenantsand agreements of such ndet shall be incorporated
<br /> � into and shatl amend and supplemitnt the covenants and aqreements of th�s Qeed ot Trusl es if the ridet were 8 pert hereot.
<br /> � ` ��i �, p���p������g���tly,If Borrower fu�ls to pertorm the co►•enants and agreements contained m this Oeed of
<br /> . � i ��'' Trust,or itany eCUon or prxeedfng is comcnenc�q wrth matenaUy aNecls Lender's mterest m the P►opetry.��ctudMg but not
<br /> �, � Iimitedto.eminentdomain,insolvQnCy.codeenforcement.orarrangemantsorproceedingsmvolvingabankruptordeCedent,
<br /> � then lender at Lender's option,upDn rtotice to Bon uwer,may make such appeerences,dfsburse such sums and teke such
<br /> - actionasis�ecessarytoprotectLendersmtorest,�nCludmg,butnott�mitedto.disbursementofreasonableattomey'steeaand
<br /> entry upon thePropertyto makerepuirs.lt Lender requued mortgaqe msutanceas a condition of makmg the Ioen secured by
<br /> - , the Dead of TrusR Bo�rower�hall pay the premwms reQu�red to ma�ntatn sucn�nsurance m eHect untd such t�me as the
<br /> requfremOnttorsuChinsurancetemnnetos+naccordenCewdhBorrowet'sandLendeiswnl4enagreemento�eppItCa�belew.
<br /> ��..' " BorrowrK ahall Dav the amount ot aIl moAgeqe msuraace permwms tn the manner prowded undsr paregraph 2 hereot.
<br /> :• Any amounb dlsbursed by Lender pu�sunni to m�s p8f0gtepll %, w�th m[eresi itteteon, siiaii ubi.�nw d�iini�v.-�e�
<br /> - indebtedness ot Bonower secured by thl�Deed ot frust.Unless Borrower and Lender agree to otMer terms o1 payment,such
<br /> �` ;, amounts thall be ptyable upon nohce trom Lender ta Borrower roquesting paymant hereof,end shell bear interost from the
<br /> 1 dateofdblwreemenlattheretepeyablatrpmtimetotlmeunoutstandfnq pnncipalunderiheNoteunlesspaymentoffnterest
<br /> � � � :�r at such ate would be confrary to applfceble law.�n wh�ch event such amounts shalt bear �nterest at the h�gheat rate
<br /> � � � permissiWeunderappt�cablQlaw.NOthmgcontamed�nth�sparagraWh7shaurequuelentlerto�ncuranyexpenseortakQany
<br /> — ecti0n heteunder.
<br /> �:af::.:- : �. Imp�etion.Lender mey make Or Ceuse to be made teasonabl�eMttes upon and mspettions ot Ihe Prope�ty.Prov�derd
<br /> - lhatLsnd�r sh��l gne Batowe�notiCe pnor to any such�nspect�on s�K+odymg�oasonnble causr therofore�elated fo lende�s
<br /> ;� ;• � � int�nst in the Proptrty.
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