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<br /> UNIFORM COVENANTS.Borrow�r and Londar covanant and ayrN as fol�ows: ���� v '' '.�,��^
<br /> 1. Pa ynNnl ol Princt p�l �nd inl�rNt. Borr�awer shall promptly pey when due the principel of and intereet on Ihs `� �� "'
<br /> IndebtednsuevfdencadbytheNoU,prep� mmtandlat�ch�ryssasprovld�dtnth�Nol�,andtheprincipatofandinNr�to� C :_,.�,_;z-. _
<br /> eny Future Advances sscursd by the�ot Tru�t. i �F"-°=�'
<br /> 2. FundstarTaxasadlnwr�aa.SubiBCttoepplfCab�el8wortoawrlttenwniverbyLendRt,Bo►rowershallp�ytoLsnder z
<br /> onthedaymonlhlyinstailmenisol princfpalandi�terestarepayableundertheNote,unllltheNoteispaidin(uli,asum(h�►ain ; .
<br /> "Funds")equal to one-twelRh of the yearty teixe�end aaaessments which may attein prinrlry over this Dead of Trust,and , • -- . .—
<br /> graund rents on the Property,if any,ptus one-twelRh ofysar�y premium installmentstor hazard insurance,piva one-tweiRh ot •
<br /> yearly premium insta�iments Por mortpa�e insu�ance,if any,ail as reasonabiy oidmatsd initialiy and from tim�to UrtN by �_
<br /> Lendar on the baais of assessments an bl�ls and reaaonable estimates thereot.
<br /> The Funde ahail be held tn an Inetitution thsdeposits or eccounu of which ere insu►sd or 9uaranteed,by a Federal or akte
<br /> ayency(Includinp Lender tf Lender ia such an institutfon). Lender ahail appty the tunds to pay seld taxes,aasesamenta, �-
<br /> Insurance premfumsand Qround renta.Lender may not cherge for so hotdi�g and eppiylny the Funds,analyziny�aid aocount ;;
<br /> I or verifyin�and compllinQ aafd esSesaments and bllis unteas lender paya 8orrower interest on the Funds and applicabie law ;
<br /> � pe rmits Lenderto make auch a chnrge.Borrower end tender may agree in writiny stthe time of axecution of thfs Deed of Trust �..
<br /> that Interest on the Funds shell be psid to 8orrower,and unleas auch agreement Is mede or appIfcalbe law requires auch
<br /> interest to be paid,Londer sheil not be required to pay Borrower any interest or earnings on the Funds.Lender shall ylvs to �
<br /> ' Botrower,without charge,an annual accounting ot the Funds showing credits and de6its to the Funds and the purpoae tor
<br /> which�ach debitto the Funds was mede.The f undsare pted�ed as additiond securiry for the sums aecured byttds DNd of �
<br /> Trwt
<br /> II the emount ot the funds held by Lender,tosether with the tuture monthiy instailments of Funds peyabie prfor to the due �
<br /> dates of taxea,assessments,insu�ance premiums and ground rents,ahell exceed the amount required ta pay said taxea, �.
<br /> assessmenta,Insurance premiums and ground rents as they tatl due,such exceas shali be,at Borrower's option,either • � —
<br /> � promptly repaid to Borrower or creditod fo Borro�rer on monthly instalimenta of Funds.It the amount of the Funds heid by :� '�
<br /> �" LenderahallnotbesuHiclenttopaytaxea,assessments,msurancepremwmsand groundrentaestheyfalldue.8orrowershali , i.:_
<br /> pay to Lender any amount�ecessery to ma ke up t he deflciency within 30 days irom the date notice is maiied by Lender to �
<br /> Borrower requestinp payment thereot. � �
<br /> I Uponpayment�nfullofallsumssecuredbythisOeedofTrust,LendersheilpromptlyrefundtoBorrowaranyFundsheldby ''
<br /> Lender.If under paragraph 18 hereo}the Propertv ia sold orthe PropertY is otherwise acquired by Lender,Lender shell eppiy �"
<br /> no�eter than immedietely prior to the sale ot the property or�ts ecquisit�on by Lender,and Funds heid by Lender at the time o�
<br /> applicatlon as a credit ayainet the sums secured by this Deed of Trust �
<br /> 3. App�ication of Paym�nb.Uniess applir.able Inw provide3 otherwise.all paymenta received by Lender under the Note
<br /> a�d paragraphs 1 and 2 hereof shali be appiied by Lender first in peyment of amounts payable to Lender by Borrower under �
<br /> para0raph 2 hereof,then to interest payabte on the Note,then to the principei ot the Note,and then to fnterestend prfncipai on
<br /> a�y Future Advancea. '•
<br /> 4. Ch�rqN;Lbn�.Borrowersshaiipay a�itexes,essessmentsandothercharges,finesandimposit�onsattributabletothe , ..
<br /> Property whfch may attain a prioriry over this Deed of Trust,and leasehoid payments or ground rents,it any,In the manner . ;��;�
<br /> provldwd under paragreph 2 hereof or,it not pald in such manner,by[iorrowor making paymont,when due,dlrectly to the a#
<br /> payee thereof.Borrower shall promptiy furnish to Lender ait notices of amounts due under this patagrapii,atid iit th8 8v8nt
<br /> Borrower sheil meke peyment directiy,Borrower shai�promptly furnish to Lender receipts evidencing such payments. ;
<br /> Borrowe�ahali p�umptly dlscharge any iien which has prlority over this peed of Trus�provided,that Borrower shatl not be ,. �
<br /> requiredto disohargeany such Ilen so long as Borrower shali agree in writing to the paymentof the obligation secured by auch � �
<br /> Uen in a mannar acceptebte to Lender,or shali in good fafth contest such Uen by,or detend enforcement of such lien tn,teqai {'
<br /> 1 proceedinqa which operate to prevent the en(orcement of the lien or forfeiture of the Property or any part thereot.
<br /> b. H�iard Insuranc�.Borrower shail keep the improvements now existing or hereafter erected on the Property In�ured �
<br /> against ioss by fire,hezerds Included within the term'extended coverage",and such othe�hazards as Lender may require �
<br /> and In such amounta and for such periods as Lender mey require;provided,that Lender shall not require that the amount of
<br /> such coverege exceed that amount of coverage required to pay the sums secured by this Deed ot Truat. ;y
<br /> ' Thislnsurancecar�ierprovidingthe�nsuranceshal�bechosenbyBorrowersubJecttoepprovaiby Lender;provided.that � .
<br /> �' � such approval shail not be unreasonably withheld.All premlums on�nsurance policies shali be pe�d in the menner provided
<br /> �, under perayraph 2 hereof or,if not peid in such menner,by Borrower makiny payment,when due,dlrectiy to the insurance �
<br /> carrle�. s
<br /> Ail insurance poifcies and renewais thereot shali be in torm acceptable to Lender and shell inciude a atandard mortpaqe
<br /> clause tn favor of and in form acceptabte to Lender.Lender shalt heve the right to hotd the poiicies end renewala thereot,and ,�
<br /> � Borrower ahall prompt�yfurnfsh to Lenderali renewal noticesand all receiptsof peid premlums.in the eventof losa.Borrower �
<br /> sheil give prompt noNce to the Insurance cerrier and Lender.Lender may meko prooi of loss if not made promptly by Borrower.
<br /> Unless Lender and Borrower otherw�se agree m writing,insurancPp ro�eads shatt be applied to restoratio�or repairof the
<br /> Property damaged,provided such restoretion or repair is economicaliy feasfble and the securfty ot this Deed of Trust la not
<br /> thereby impaired.if such restoration or repair is not economicaily teasible or if the security of this Deed of Trust wouid be
<br /> impaired,the insurance proceeds shali be app�ied to the sums secured by this Deed of Trust,with the exceas.lf any,pald to
<br /> Borrower.It the Property is abandoned by Borrower,or lt Borrower fails to respond to lender withfn 30 days from the date
<br /> notice is mai�ed by Lender to Borrower that the Insurance carrier otters to settle a cleim for insurance benetits,Lender ia
<br /> authorfied to collect and apply the insurance proceeds at Lender: aption either to restorution or repair of the Ptoperty or to �
<br /> the sums secured by this Deed of Trust.
<br /> Unlees Lender and Borrower otherwise agree in writing,enY such application ot proceeds to principat shall not extend or
<br /> po9tpone the due date of the monthly instatlments rete�red to�n paragraphs 1 nnd 2 horeot or chanQe the amount ol6uch
<br /> � inst�llments.lf under paragrsph 18 horoo}the Property is acquired by Lender,all right,title and Interest of Borrower In and to
<br /> anylnsurancepollclesandinandtotheproceedsthereofresultingtromdemagetothePrppertypriortothesateoracquisltlon
<br /> � � shall pass to Lender to the extent of the sums secured by thls Deed ot Truat immediately prlor to such sale or acquisltlon. !
<br /> 8. Pns�rvatlonandMatnt�nanceolPrope�ty;L�aa�hotd�;Condomt�iums;Pl�noedilnitO�vMopm�nts.8orrowershel� _
<br /> �� keep the Property In good repair end shall not commit waste or permit Im�atrment ot deterforation of the Prope►ry and shall
<br /> complywith the provlsfons of any Iease If this Deed of Trust ts on e Ieasehold.lf this Deed a:Trust is on a unit In a condominium
<br /> � � or a plenned unit development,Borrower sha{I perform alI of Borrower's obli�atfons under the deo�aretion or Covenants
<br /> creating or governing the cundominium or planned unit dovolopmont,the by-taws and reflutations ot the condominlum or
<br /> , . pIenned unit development,and constituent documents.If a condominium or p�anned unit development rlder Is ezcuted by
<br /> � Borrower and recorded together wlth thls Oeed of Trust,the covenants and agreements ot such rider shall be incorporated
<br /> ; into a�d sha�l amend and supplement the covenanta and ayreements of this Deed of Trust as If the rlder were e part hereof.
<br /> '. :� . 7. Prot�cllon of L�nd��'s S�curlty.If Borrower tafls to pertorm the covenants and aflreements contained In thls Deed of
<br /> 1 Truat,or If any action or proceeding is commenced with materlally attects Lender's interest fn the Properly,Including but not ,
<br /> � . Hmltedto,emfnentdomein,insolvency.codeentorcement,orarrangementsorproceedlnqslnvotvingabankruptprdecedent, _
<br /> � then Lender at Lender's optlon,upon notice to Borrower,may meke such eppoarances,disburse such sums and teke auch
<br /> actlon es Is neceasery to protect Lender's interest,includlng,but not Ilmited to,dlsbursement ot reasonable attorney's fees and :
<br /> entry upon the Propertyto meke repairs.lt Lender required mortgage fnsurance as a conditlon of makinp the�oen secured by _
<br /> � � � the Deed of Tr�s�Borrower shall pay the premiume ruquired to meintein such Insurance In eHect until such tfine ea the
<br /> , �uirl�e�ti�0�sMu�ho i�mnune ne n I moetaane Insu�rance netmeums fn the enner�prov ded undsr pe ap aphp2�her�f�aW
<br /> ` �Any amoun�i tllsbursed by Lender pu�auant to thfs parayraph 7, wlth lnterest thereon, shall become aaaiaonai
<br /> r � ind�btsdnsas of Borrower secu red by thls Deed ot Trust.Unless Borrower and Lender apree to other terma ot payment,euch
<br /> amounts ahell be pa able upon notice trom Lender to Borrower requeatlny payment hereof,and ahall bear intereat irom the
<br /> :"-. . �� dateotdlsbursemen�attheratepayablefromtimetotlmeonoutstandiny princtpalundertheNoteunleaapaymsntofintereat
<br /> at tuch�at�wou�d be contrery to eppIlcable law,In which event�uch amounts ahell bear fntereat at the hipheat rate
<br /> � permialbts underappllcablQ aw.Nothlnp contalned In ihfs Feraqraph 7 shAll requlre Lenderto incur e�y expenso or take any
<br /> � actlon hereunder.
<br /> .r � �. Insp�aHon.Lender mey make or cause to be made reasonable entrles upon and Inaper.tlona of the Pro �ty provided
<br /> +' th�t Lender shall�Ive 9orrowor notice prlorto any auch inspection apecifytnp reaso�ab�e cauaetheretore reiat�ed fo Lender's
<br /> •- Inar�tf In tha Prop�Ry.
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