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<br /> � � UNIFORM COVENANT3.Borrowsr and lander covsnant and aqns�s lollows: .o
<br /> �: 1. P�ym�nf M Peineipal and Int�wl. Borrower�hatt promptty pay when due the prmctp�i of md intenft on th� �«.::;��.,,_..
<br /> ' �nd�bqdnsst�vid�nCld by tFw Nott.prepaym�nt end lale charqes�s ptov�d�d�n 1he Not�.and th�pnnc�p�l of�nd 1nMn�t on
<br /> any Futurs AdvancM�scured by the Deed of Trust �. .
<br /> Z. Fw�b►T�xM�nllln�urane�•Sub�cttoappltcabklawortoawnd�nwa�wrbyLsnd�r.8orrow�rahallpaytoUnder
<br /> onthedaymonthlyimtalim�ntaofprfnctpa�md�ntenetarspay�bleund�rtheNot�.untflth�Not�tspaidlnfull,asum(h�nin __
<br /> "Funda")equat to on�-tw�INh oi tho Year1Y taxes znd assessments which mey eltem priority ovW thit DMd of Trutf,and ' .�.,,.,.:,,.rn-. __
<br /> groundanbonth�Prop�rly.it�ny,ptusone-tw�lRhofY�arlyprsmiumimtalimentelorh�z�rdinsurance,ptut�ne•twNlthoi � ,,_`_,_^:.,_.
<br /> eerly prsmwm msqlimsnts for mortQap�msurance,if any,�II�s rNfonab�y�samat�d tniUa�ty and trom art�to Nm�bY
<br /> ��nd�r on ths basts ot as�ssm�nts and bitl�and r�wnads esdmtly thKpt. �:,,�°�=--- �-
<br /> ThtFundsshallb�hetdinan�mtrtutlonthsdepoaittoraccountsotwhicherolnauredorpwranMsd.byaFedenlaatate �___
<br /> a�ency tincludinp L�ndar d Lender�a such an institutlon).l�ndK shall app�y the tunds topa y sald taxa.asfa�m�nb.
<br /> in�urance promium�and pround ronts.Lendsr may notcharge for sohotdinq and applYinO lhs Fund�.�nNyzlnq safd�ccount .�,.T
<br /> orvsrityinqandcompllin�saidassessmentaendbitls,unlessL�nderpa s8orrowerintersstontheFunds��d�ppIicabie��w g:.,.,_-----
<br /> y ;.:':�`•;_--
<br /> � pe rmibLendortomekeauchACharge.8orrowarandlenderm�yayrssinwritinqatthetimeot�x�cudonotthishe�dofTnist v,_.__
<br /> thet inMrest on ths Fundt ahaii be paid to Borrower.�nd untess auch spreement Is madQ or a�11Calbs law requlres euch ���.�;�,�;_-----�-___
<br /> � interott to be paid,Lender al�ati not be reqwred to pay Borrower any i�terest or e�rninps on ths�Funds.Le�der shall�ive to
<br /> Borrower,without cher4e,an annuet accountmg of the Funds thowing cradits and dsbits to the Funds and thspu rpose tc► •.,,.��,��_
<br /> whichuchd�bittothsFundswaamade.TheFundsarepledyedasadditfonalsecunrylorthesumtsecundbythlsD�edof __ _ —
<br /> Trust - �
<br /> If the amount of the tunds he�d by Lender,together with the futuro monthiy instalimenb ot Funde pay�bte pnor to the due •••r� ��' __ _
<br /> dalts of taxes,assaamenb.lnsurance premiuma and ground renta.shall exceed the emount�squired to.p�y aaid lacea. ' ., � �
<br /> asssssmenb,insurence prem�uma and ground rents es they fali due,such excess shall be,at Borrower s optlon,elther � , ;�;,__
<br /> prompdy ropafd to Borrowsr or credited{o Borrower on monthly mstailmenta of Funds.lf the amount of the Funds held b� _,,r.�,-�.
<br /> � Lendershallnotbssufticisnttopaytexea.assessmenta.insuranceprem�umsandflroundrents�stheyfalldue.8orrowershall _°_
<br /> pay to Lendsr any amount neceasary to make up the deficiency w�thin 30 deya from the data notice ia maUad by Lendor to � ��—,,.___
<br /> Bonower requssdng paymsnt thereot. �, ,_��.,
<br /> Upon payment in full of a�i suma secured by this Oeecf of TrusG Lendersha�l promptly refundto Borrower any Funds heid by . .,r _
<br /> I.ender.lf under parayraph 18 hereof the Prope�ty is aold orthe Prope�,ty is othervvise acquued by Lender,Lender shall appiy. �
<br /> �o lat�t than imm�dfet�ly prior to the sate of the Property or its acyufUit�on by Lender,and Funds heid by Lender atthe time ot
<br /> applicadon as a credit against the sum�seaured by this Deed of T
<br /> g,AppUc�t{on ol Pay�Mntt.Unless applicable Iaw prov�des otherwise,aIl paymenis recewed by Lender under the Nole ;
<br /> and pi�agrapha 1 and 2 hereot ahatl be applied by Lender ffrst m payment of amounts payable to Lender by 8orrower under
<br /> para9raph 2 hersof,th�n to int�reat payable on the Note.then to the pnncipal of the Note.end then to interest and pnncipal on ���_
<br /> any Future Advances. .
<br /> 4. CbKpN:LI�•Borrowers shall pay all taxes,assessments and other charges,tlnes and impoaitions attributabte to the �
<br /> PropsRy which may attein a priority over this Deed of Trus�end Ieasehold payments or ground rents.�f any,in ths manner . �
<br /> � prov�ded undsr parayraph 2 hereot or,�f not�aid�n such manne�.by 8orrower making paymen�when due,directly ta the ,
<br /> � payee thereof.Borrower ahall promptly furn���.'o�ender alt�otices of amounts due undsr this paragraph,and in the event
<br /> 8ofiower shal!maka psymant dlreclly. 8orrowNr shw0 promptly lumiah to Lender receipls evidencmg such payments. . „��
<br /> � Borrower ahall promptly dlscherye any I�en which has pnonty over this Ueetf of Trusk prov�deci,thui 8orruwer siiai{nct be ';�
<br /> required to dlschargeany such lien so long as Rorrower shell agree�n w�iting to the payment ottheobligation secured by such ���
<br /> Ilen in a manner acceptable to Lender,or shall m good faith contest such Iien hy,or defond enforcement of such lien in,Ieflal
<br /> prx�edinga which opsrate to prevent the entorr.ement of the lien or foAeiture of the Property or eny part thereof. �
<br /> S.Ns=ard(nwr�ne�.Borrower shalt keep the improvements now ex�sting or hereetter erected on the Property insured
<br /> againat loss by fire,haxards�ncluded w�thin the term"extended coverage",and such other hazarda as lender may reqwre :
<br /> and in suCh emounts end for such penods as Lender may require;provided,that Lender shell not reqwre thet the amount of
<br /> such coverage exceed that amount ot coverage reqwred to pay ihe sums secured by th�s Oeed of Trust.
<br /> This insurance carner prov�ding the insurance sha�l be chosen by Borrower sub�ectto a�proval b Lender;prov�ded,that �
<br /> ' such approvel shall not be unreasonably withheid.AII premiums on inaurance policies sha 1 be pa�d
<br /> n the manner prowded
<br /> under para9raph 2 hereot or.�f not pa�d�n such manner,by Borrower makmg payment,when due,d�rectly to the�nsurance �
<br /> carrier. !
<br /> � AII insurance policies and renewals thereof shall be in form acceptable to Lender and Shall include a standard mortgage
<br /> clause in tavor of and in form acceptable to Lender.Lender sha11 have the nght to hold the pohcies and renewals thereot,and �
<br /> Borrower shall promptly turn�sh to Lender all�enewal notices and all rece�pts of pa�d prem�ums.tn the event of Ioss.8orrower
<br /> shall give prompt not�ce to the�nsurance cerner and Lender.Lender may make proot ot loss�t not made promptly by Borrower. ,
<br /> Unless Lender and 6orrower otherw�seagree m wnting.�nsurance proceeds shall he applied to restoration or repair of the
<br /> Property damaged,prov�ded such resto�ahon or repeir�s economically feas�ble and the secunty of this Oeed of Trust is not ,
<br /> thereby impaired.It suCh rest�rat�on or repa�r�s not economicalty feasible or�t the secunty of th�s Deed of Trust would be
<br /> impaued.the insurenCe p�oCeeds sha�l be applied to the sums secured by tlus Deed of Trust,wrth the excess.�f any,pa�d to
<br /> BOrrower.If the Ptoperty�s abandoned by Borrower,or�f Borrower feds to respond to Lerder with�n 30 days trom the date
<br /> not�ce is mailed by Lender to 8orr�wer thAt the�nsurance carr�er otters to settte a cia�m tor�nsurance benef�ta.Lender is
<br /> authorized to Col�ect and apply the��surance proceeds at Lender's opfion e�ther to restorat�on or tepeu of the Property or to
<br /> the sums seCUred by this Deed of Trust.
<br /> Unless Lender end Horrower otherw�seugree�n wr�ting.any such appl�cat�on of praceeds to pnncipal shall not extendor
<br /> I postpone the due date of the montnty mstallments reterred to�n paragraphs 1 and 2 hereot or change the amount of such
<br /> �nstellme�nts.lt under paragraph 18 hereot the Property�s acquired by Lender,a11 nght,title and mterest of Borrower m end to
<br /> i any insurance po�tcie�and in ar,d to the praceeds thereot resu�t�ng from damnge to the Property pnor to the sale or acqu�s�t�on
<br /> shell pass to Lender to the extent ot the sums secured by th�s Deed ot Trust�mmed�ately pnor to such sale or acquis�tion
<br /> i 6, p�n�ry�tton and M�Int�nane�of Prop�Ny:��as�holds;CondaMinlums;PtannM Unit O�v�lopm�nb.Bor►ower shell
<br /> keep the Propetty in good repa�r and shall not commit waste or perm�t impaument ot detenornt�on of the Property and shell
<br /> comply w�th the prov�sions of any lease�t this Oeed of T rust�s on a leasehold.H this Deed of Trust�son a umt�n a condomm�um
<br /> • or a plenned urnt development.Borrower shall perlo�m all of Borrower's obligations under the declaration or Covenants
<br /> creating or goverrnng the condom�mum or planned urnt development,the by-laws anA regulations ot the condomimum or
<br /> pIanned unit development,a�d constduent Gocuments tl a condam�rnum or planned unit development nder�s excuted by
<br /> Bo�rower and►ecorded together with th�s Deed ot Tru st.the covenants and agreements ot such nder Shatl be�ncorporeted
<br /> into end shall amend and supplement the covenants antl agreements of this deed of Trust as if the�ider were a paA hereot.
<br /> 7. Probctlon of l�nd�r's S�curity.If Borrower Ia�IS to perforrn the covenants and agreements contamed in this Deed ot
<br /> Trust,or if any action or praceed�ng�s�ommenc�d w�th matenanv ANects Lender's mterest�n the Property�ncluding but not
<br /> limtted to,em�nentdomam,�nsowency.code enfnrcement,or errangements or proceedmgs involvmg a bankrupt ot dscedent.
<br /> then lender at lender's opt�on,upon notice to Barrower,may makR suCh appearances,d�sburse such Sums and take SuCh
<br /> • aCtionas�snecessaryto0rotectLender's�nterest,�ncludmg.butnothmdedto.d�sbursementot�eesonebleatlorney'sfeesand
<br /> entry uponthePropertytomakerepa�rs.IfLenderrequi�edmortgage�nsuranceasacondit�onotmakmgtheloansecuredby
<br /> the Deed of Trust.Borrower shatl pay the prem�ums requ�red to ma�nta�n such�nsurance m ettect until such t�me as the
<br /> reqUirementforsuChmsuranCetermmates��accurdnncew�thBorrower�sandLender'swnttenagreementorappI�calbelaw
<br /> � Borrower Shall pay the amount ot a�1 mortgage�nsurance perm�ums m the manner provided under paragraph 2 hereof.
<br /> � Any amounts d�sburSed by Lender pursuantrtu^th�s para�^Aph�p.�����Pnda anreeto�thertermsofpaYmenttsu h
<br /> ind8bl@dn@SSOtliOrrowersecureuuyiP��Svccd..:���.�..�•••....�---••'-• - - -
<br /> ' amounts she�l be payable upon not�ce Irom Lender to Borrower requestmg payment ne�eot.and shall beer�nterest frUm the
<br /> dateof disbursement atthe rate payable from t�me tot�me on outstanclmg princ�pal unde�the Note unless payment ot�nterest
<br /> at SuCh r8te would be Contrary to appl�cable I:�w.�ri wh�ch event such amounts shall bear mteteSt at the h�gheSt rate
<br /> � permiss�ble underappticable law.Noth�nqcontained�n th�s p�raqraph!shatl rea���re lenderto�ncur any expense or take any
<br /> , action hereunder.
<br /> 8. Insp�Ctlon.lander may mTke ur cause to be madP rpasonable entnes upon and mspechons of the P�operty,prov�ded
<br /> thatLender shall g�ve Borr��wer not�ce prwr to:u�y wr h msP�'����'��s���'�:�fvmq rta;ISOnablecausetherptor��ielatedt�Lendur s
<br /> �ntereSt in the Properry
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