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<br /> ,�,�,; ,,,,-,,.;_,._� �: UNIFOHM COVENANT3.Borrow�r md L�nd�r cov�n�M�nd apr�e as foliows:
<br /> �, '�yp�n� a I��Inalpd �nd Int�nst. Borrowar�hall promptly pay when due the pnncip�l ot and int�rKt on ths
<br /> ' Ind�bt�dn��s�vid�ncsdbyth�Not�.Pr�paym�nt�ndl�t�cha►p�s�sprov�d�dinlheNot�.�ndth�pnncipatatandlnt�raton
<br /> ' any Futur�Adv�nc�s s�curW by the Desd ol Trust
<br /> � �. FwKNia Ta�tM�nd Inwranc�.Sub�ct to�pplicable I�w or to a writtan wsiver by Lender.Borrower shdt payto LMd�r
<br /> J• � onth�dWmonthiyinstallm�nriof princip���ndtnl�r�daapay�bl�und�rtheNote,unUlth�Nol�tsp�tdinfull,asum(hwNn
<br /> "Funds")equ�l to on�-twNlth af ths yearly taxN�nd asNS�monts whfch m�y attain p�iority ov�r thls ONd of Tru�f.and
<br /> _ flroundnnbontNeProporty.lfany,plusone-twelRhofyeerlypremluminstslimsntslorh�zsrdtnwrana.pluson�•tw�l�of _ _ _ _� _,
<br /> - � L�•ndi on th bsi s of aMS�isem�na en,d blliiind�ii�of iWi iitimat�is��bao1 stimat�d tnitlally�nd trom t�m�10 dnw by -•
<br /> , � Ths Funds sh�ll be hNd In an inst�tudon th�d�posit�orsccnuna of which an insured or 4u�rmte�d,by�F�dKal arstats �t
<br /> _�•.,..,��;. eqsncy tlnc�udi�q L�nd�r if L�nder is such an�nstitutian).Und�r shall�pply the tunds to pty wfd tax�s,as�menri. ----
<br /> msurancs prsmiums and 9round ronts.Lendsr may nat ch�rge tar ao holdinp and applymp the Fund�.�natyzinq srid account ��,_'=:�_�_
<br /> - orvsrNylnq�nd compfilnp said asseasmenta and bilia,unleas Lander pays Borrower int�reston ths Funds anCap plicable I�w _..�...
<br /> '.,-i� . permfts Lend�r to mak�such a chRrqe.8orrower end Lendsr may ayr�s in writlng at ths tims of sx�cution ot this Dsed of Trwt �,�._-.�____
<br /> _;.�.;-: thet interest on th�Funds sha�l be paid to Borrower,and unless auch eQreemant is mads or appilcalbs law requires wch —
<br /> �.,�. intere�t to be peid,Lendsr shatl not be requ�red to pay Borrower eny interoat or eami� s on th�Funda.Lendor ahal►pive to a r�,�� �
<br /> -_ 8orrower,wifhoutcharge,anannuataccounhngoflheFund�a��sadditionalae urdirytorthesumsaacursddbythis�Owdof �.. �__�'".',�"°"
<br /> - whiche�chd�bUtothsFundswasmade.TheFundsareple y ,:
<br /> Trust '`'"�.:
<br /> It the amount ot the tunds heid by lender,toqether with the future monthly instaliments ot Funds payab�e prwr to ths due �,f��_Y;�_
<br /> datss of taxes,aasessments,insurance premiuma and ground rents,shali exceed the amount required to pay taid t11x�a. ��F�._
<br /> assessmont�,inaurance premiums and ground ronts ns they fali due.auch excesa shali be,at Borrower'a option,either
<br /> promptly repeid to 8orrower or credited to Borrower on monthly mstallments ot Funds.lf the amount ot the Funda held by �i���'��,,_
<br /> l.enderthall not beeufficientto pay taxes.asaeasments.msurance premwms and grou�d rents as they fall due.Borrower sh�ll ��,��,
<br /> pay to Lender any amount necessery to make up the deticiency w�thln 30 days from the date notie�fs mailed by Lander to Y
<br /> 8orrower requestlny payment thereof. °'�
<br /> Upon payment In full of et�aums secured by this Oeed ot Trust.Lendershall promptly refund to Borrower any Funds held by � y '" ' s�
<br /> Lender.�f undsr peragrsph 18 hereof the Propqrty is aold or the Property is otherw�ae acquired by Lender,Lender shalt app y. �;�
<br /> no laterthan imm�d fa te ly pr ior t o t h e s a l e o f t h e P r o p e r ry o r f t a e cq uiu�t�on b y Lender,and Funda hetd by Lender at the tlma of ,
<br /> applicatlon as a credtt againat tho sums secured by this Deed of 7 ,�
<br /> g, AppQcatlon o1 paynNnb.Unless applicabie Iew prowdes otherwise.eIl payments�eceived by Lender under the Note �;'• �� : � '�
<br /> and peragraphs t and 2 hereof shall be appl�ed by Lender f�rst in payment of amounts payable to I.ender by Borrower under ,
<br /> par�greph 2 hareot,then to interest payable on cne Note,then to the pnncipal of the Note,and then to mterestand pnncipal on „fi.�,.�-
<br /> any Future Advances. � -,��' _
<br /> 4. Ch�tp�s;Ll�ns•Borrowersshellpay alltaxes.assessmentsandothercharges,Nnesandimposit�onsattribufabletothe �; �
<br /> Property which may attain a prionly over this Oeed ot Trust,and leasetiold payments or ground rents,d any,in the manner
<br /> provfded under paragraph 2 hereot or,it not�aid in such manner,by Bor�ower making paymenG when due,directly to the � =..a--
<br /> payee thereof.8orrower shall promptly turni�. •o Lender all notices ot amounts due under this paregraph,and in the event �
<br /> Borrower ahall meke•�peyment dlrectty, Borrow�r sha�l promptly fumish to Lender receipts ev�denc�ng such payments. . �
<br /> Suriawa�shaii pransp8•�discharge eny I�en whicn hea pnonry over this Oeed ot Trusx prov�ded,that Borrower shall not be �,��,, ,.
<br /> required to dlsaharge eny such Iien so long as Borrower shall agree�n wnt�ng tothe paymentof the obligaiion securs�by such
<br /> Ilen in e manner acceptable to Lender,or shall in good faith contest such lien by,or defend enforcement of such Iien in,leqal �`��..' � ,-
<br /> prxeedings which operate to prevent the entorcemant of the lien or foAeiture of the P�operty or any part thereof. insured r �
<br /> 5. Hasard(�wane�.Bonower shall keep the improvements now existing or hereaner erected on the Property • ���"
<br /> against loas by fire,hazards inciuded within the term'extended coverage",and such other hazerds as Lender may requ�re i,.
<br /> and in such emounts and tor such penods as Lender mey require;provided,that Lender shell not�equne that the amount of ,
<br /> such coverage exceed that amount of coverage reqwred to pay the aums�ecured by this Deed of Trust. �-
<br /> ` Thls i rova shalCl not be unrea�sonab►y wlthheid.Aiep em um on lnsurance pol ciestsha�I be paid In the manne�pro ded �
<br /> , such app "
<br /> ; under perapraph 2 hereot or.�f not paid m such mnnner.by Borrower making payment,when due,directty to t ie�nsurance `j
<br /> � _ carrier.
<br /> All Insurance poticies and renewats thereof shall be in form acceptable to Lender and shal�mclude a standard mortgage ,
<br /> ' clause in favor of and fn form acceptable to lender.Lender shall have the nght to hold the pol�aes and renewalathereof,and Y.,
<br /> Borrower sha�I prornptly turn�sh to Lender a�I renewat nohces and al1 rece�pts ot pa�d premwms.In the event of Ioss.Borrower `:�k
<br /> shall give prompt notice to the msurance carner ana Lender.Lender may meke p�oot ot loss if not mado prompt�y by Borrower. �
<br /> Unless Lender and Borrower otherw�se agree�n wr�tmg,�nsurance proceeds shall be appl�ed to restoration or repair of the
<br /> Property damaged,prov�ded such restorahon or repa�r�s econom�cally teasible and the secunty of this Deed ot Trust is not .
<br /> theteby impa�red.It such restorat�on or repa�r�s not economically teasible ar if the secunty of thts Deed of Trust Would be
<br /> impafred,the�nsurance proceeds shalt be appl�ed to the sums secured by this Oeed of Trust,with the excess.�f any,paid to .
<br /> Borrower.lt the Property is abendoned'oy Borrower,or�f Borrower(a�ls to respond to Lerder w�thin 30 days from the date
<br /> authori edto colbeyctand arp pl yhe�surancetp oceeds t Lendere's apton either1t resto anon or epai otthe P operty or to
<br /> the sums secured by this Deed of Trust. .,
<br /> IUnless Lender and Borrower otherw�se agree�n w��t�ng,any such appl�cation ot proceeds to pnncipal shall not extend or
<br /> � postpone the due dete of the monthly mst3llments referred to�n paragraphs 1 and 2 hereof or change the amount of such
<br /> �nstellments.lf under paragraph 18 hereof tho Properry�s acqwred by Lender,all nght,t�t1e and interest of Borrower�n and to
<br /> any insu�ence poliCies and in and to the proceeds thereof resulting from dama9e to the Property pnor to the sale or acqu�s�hon
<br /> shatl pass to Lender t0 the extent of Ihe sums secured by th�s Oeed of Trust�mmediately pnor to such Sale or acqwsition.
<br /> 6.P�a�rvatlon and Maint�nanc�ot Prop�rty:Leas�holds:Condominiums;Planned Unit O�vtIopm�nfs.Borrower shall
<br /> keepthe property m good repait end shall not comm�t waste or permit impaument ot detenorat�on of the Property and shall
<br /> comply w�th the provisions of any iease�t Ihis peed of Trust�s on a Ieasehold.If this Oeed of Trust is on a urnt in e condom�nwm
<br /> or a planned un�t development,Borrower shall pertorm alt ot 9orrower's obtigat�ons under the dectarat�on or covenents
<br /> creeting or goverrnng the contlum�rnum or planned un�t development,the by-�aws and regulati�ns ot the Condominium or
<br /> t plenned unft development,and const�tuent documents.lt a condom�mum or pianned unit development nder�s excuted by
<br /> � Borrower and reco�ded together with th�s Deed ot TrusL the covenants and agreements of such nder shall be mcorporeted
<br /> � into and shall amend and supplement the covenants and agreements ot th�s Deed ot Trust as it the nder were a part hereof
<br /> 7. Prolletion of L�nd�r's S�curlty.It Borrow�sr fa�ts to perform the covenants and agreements contamed m this Deed of
<br /> Trust,or if eny action or proceE+dine�is commenced w�th matenally eHects Lender's�nterest�n ttle P�Operty.mcluding but not
<br /> Iimited to,em�nent domam,msowency,code enforcement,or arr�nqeme�ts or proceedings�nvotv�ng a bankruptor decedent.
<br /> then Lender at Lender's option.��pon nouce to E3orrower,mav maKe sucn appearances,disburse such sums end take such
<br /> � actfonas�snecessarytoprotectLender'smtorest.�ncluding butnothm�ledto.d�sbursementofreasonableattorneysteesantl
<br /> entry uponthe Propertyto make reqa�r:�.If Lender reqwred mortgage�nsurance a�a cond�t�on of makmg the loan secured by
<br /> the Deed ot Trust.Borrower shal� pay the premwms requ�red to mamta�n such insuranCe in effect untd such t�me as the
<br /> � requirement torsuch�nsurance term�nates�n accordance w�th Borrower's and Lender's wntten agrcement or appItcalbelaw
<br /> Borrower shall pay the amount ot au mortqage��surance permwms�n the manner provided under paragraph 2 hereot.
<br /> Any amounts disbursed by Lender pursuant tu th�s paragraph 7, with �nterest thereon. shalt become additional
<br /> �_ indebtedness of Borrower secured by this Deed of Trust Unless Borrower end Lender agreeto otherterms of payment,sucn
<br /> �n.............e....,��..,.,„�,.m...,f nwrant and shatl bear�nterest trom the
<br /> - - 8rt10UntSSh811 b@ PaYBOie upon nvi����iv�T.�c�:.;P:.....................:__....�,.-�
<br /> ' dateofdisbursementattheratepayablofmmtimetot�meonoulstandmg pnnc�patundertheNoteunlesspaymentot�nterest
<br /> � ; at SuCh r3te would be contt:try to apphcab�e �.tw. �n which event such amounts shail bear mterest at th@ h�ghe5t rAte
<br /> � perm�ssible under apphcable�aw Noth�nq contame�t m th�s paraqraph 7 shall reQU�re Lender to incur any expense or take eny
<br /> �, ection hereunder
<br /> !. Insp�Ction.Lender m�y makr.or r,cwse�o be made reason:�bh�rntr�es upon and mspect�ons of the Property,prowdc�d
<br /> Ihat!_ender shall q�ve 8orrnwer noUce p����r���.+ny•.ii. h inS�n•r.U�n�•P�'�'�1vmq�e:tsonablec:t�tiethe�efnrf�related to Lend�tr s
<br /> mte�est�n the Property
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