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<br /> UNIFORM COVENA�JTS.Borrower and Lender covenent end egree ae tol�owa. . -
<br /> � I t. Paym�nt ot Pdnaipat and inbr�et.Borro�l8r ahall promptly pay when due ihe pnnc�pat of end tntereet on the n . .�
<br /> mdebtedness evtdeneed bythe Note,prepaymentand tate ehergesas prov�ded in the Note,and the pnne�palof end fnte�eato�
<br /> � any future Advancea eecured by the Dead of Trust ,','
<br /> Z. FuedstotTaxN�ndlnwa�a�.SublecttoapplicadlelawortoawrlttenwaiverbyLender,8orrowershellpeytoLender
<br /> i., onthedeymonthiylnstatimentaot prineipa�anOtnterestarepayableundertheNote.untlltheNotelepaldfnlull,eaum(hsrein ti
<br /> ��Funds")equat to o�e•twelkh of the yeerly taxes end asaeaaments whtch may attaln ptiority o�er thfa Oeed ot Truet,end
<br /> ground renta on the Property,if any,pluaone•twettth otyearly promlum Installmonts for ha=ard ineurence,pluaane•tweNth ot �
<br /> yea�ly p�emfum�nataliments for mortgage ineurance,If any,att as reaaonably earmated Initlally and from tlme to dme by
<br /> Lender on the basis of aeseasments and billa end►easonabte eatfmates thereot.
<br /> The Funds shall beheld in an institutlon the deposite oraccounls of which a►elnsured or guaranteed,bya Federel or btate
<br /> agency tinctuding lender If Lender�s such an insUtution�.Lender ahall appty the��nd tfia Fundseanalyt ng sa d ecmcount
<br /> fnsurancepremlumsandgrou�drenta.Lendermaynotchargeforaoholdin�ga�dappy g
<br /> orverNytngandcompllingaeidassessmentsandbills,unleasLenderpaya8orrowerinterestontheFundeandappllaabtelaw
<br /> permlta Lender tomakesucha charge.8orrowerand lender may agree in wrlting at the tlmeof executlon oftt�is Deed otTrust
<br /> thst fnterest on the Funds shali be paid to Borrower,and unlesa such agreement is made or appHcalbe law requirea such
<br /> intereat to be pafd,Lender ahall not be required to pay Borrower any intereat or earnings on the Funds.Lender shell glve to I
<br /> Borrower,without charge,an ennual accounting of the Funds showing cred�ts and debits to the Funds and the purposo tor
<br /> whicheachdebittotheFundswasmade.TheFundsarepiedgedesedditionalsecurityforthesumssecuredbythisOeedot '
<br /> Trust ;
<br /> If the amount ot the funds held by Lender.together w�th the future monthly instaliments ot Funda payabte pnor to the due
<br /> dates of texes,essessmente, tnaurance prem�ums and ground rents,shall exceed the amount requlred to pay sald taxes. .
<br /> asaessmenta,insurance premiums and4��oui�d rents as triay la11 dve,such ercesa ahelt be.at Borrower's opdon,elther
<br /> promptiy repafd to 8orrower or credited to Borrowet on mon�hiy insteitments of Funds.If the amount of the Funds held b� ,
<br /> Lendershatlnotbesufficienttopaytexes,assessments,inaurancepremwmsandg roundrentsastheyfalldue.Borrowerahall
<br /> '' pay to Lender any amount necessary to make up the deticiency w�thin 30 days from the date notice is ma�ted by Lender to
<br /> ;, Borrower requesting payment Mereot.
<br /> Upon payment In fuit of ali sums secu�ed by this Oeed of Trus�lender shell promptly refund to Borrowerany Funds he�d by y
<br /> Le�der.if under paragraph 18 hereof the Properry is soid or the Property isotherw�se acqu�red by lender,lender ahall appiy,
<br /> no leter than fmmedfately prlorto the sale of the Property or its ecqws�tfon by Lender.and Funds hetd by Lender atthettme ot
<br /> epptication es a credit against the sums secu�ed by thfa Oeed ot Trust. .
<br /> ' 3.Appliaadon of Paym�nb.Unless appticabie lew provides otherwise,ati payments rece�ved by Lender under the Note
<br /> and paregr8phs t and 2 hereot ahatl be applied by Lender t�rst�n payment of amounts payable to Lender by Borrowet under
<br /> paregraph 2 hereof,then to Interest payabte on the Note,then to the pnnc�pat of the Note,and then to intereat and pnncipai on ,
<br /> any Future Advances.
<br /> 4.Cha�qa;U�nf.Borrowersshalipayel�taxes.assessmentsandothercharges,tinesandimpositionse.ttributabietothe
<br /> properiy wh;ch r��ay atialn a pnari�y ovor this Deed of Trus�end�pA4efiold payments or qround renta,it any,in the manner ,���
<br /> provlded under paragraph 2 here�i o�,if not �eid in such manner,by eorrower making payment,when aue,directly to the -iT,
<br /> payee thereof.Borrav�er shalt promptly turms�.•o lender a�t notices of amounts due under this parag�aph,and in the event 'i
<br /> Borrower she��make payment direCtly, Borrowor shall promptly furnish to le�der receipts ewdencmg such peyments. ��
<br /> Borrower sha�t promptly dtacharge any lien which has pnority over this Deed of Trusx prov�ded,that Borrower sha11 not be .
<br /> requlredtodlaChargeeny auchlfensolongas8orrowershailagreeinwritmgtothepaymentottheob�igationsecuredbysuch ,4q
<br /> Ifen in e manner eCCBptable to Lendar,or shetl in good faith contest such Ifen by,or defend enforcement of suah lien in,tegat �L
<br /> �r�a�xifne�s which oaerete to p�event ihe enforcement of the lien or forteiture ot the Property or any part thereof. •F
<br /> � S. H�t�rd Inwrance.Borrower shalt keep the�mprovements now exisung ur i�n�naitei a�acia�ar ihc°:c;.cr!y'•r.s�_r!� _,
<br /> against losa by flre,hasards�ncluded w�thin the term"extended coverage",and such othet hazerds as Lender mey requve
<br /> and In such amounte and fo�such penods es Lender may require;provided,that lender shall not reqwre that the amount of 'I'r'
<br /> i such coverage exceed that amount of coverage required to pay the sums secured by this Deed at Trust � i�".
<br /> Thta fnsuranae cerner providing the insurance shall be chosen by Borrower subject to epproval by Lender:prov�ded,thet d(I.
<br /> such epproval shell not be unreasonably wrthheld.All premiums on insurance po��cies aha�l be paid in the manner prowded ,ly
<br /> under peragraph 2 hereof o�,d not pa�d�n such manner,by Borrower making payment,when due,directly to the msurence �'
<br /> ,: Cerrler. •
<br /> All inauranCe polictes and renewals thereof shall be�n form acceptable to lender and shall fnclude a atendard mortgage
<br /> • ctauee in favor of end in torm acceptabte to Lender.Lender ahall have the nght to hold the pol�cies and renewals thereof and
<br /> Borrower shall promptly furnish to Lender all renewal notices and ell receipts ot pa�d premwms.ln theevent of Ioss.Borrower
<br /> shallgivepromptnoUcetothemsurancecernerantllender Lendermeymekeprootofloas�fnotmadepromptlybyBorrower
<br /> Unless Lender and Borrower otherw�seagree�n wnting,�nsurance proceeds shall be appl�ed to restoretion or repa�r ot the
<br /> � Property damagetl,prov�deci such restorel�on or r�pair�s acanom�cally feasible and the sacunty ot thi�Deed ot Trust is not
<br /> thereby impaired.It auch restoration or repau�s not econom�cally feas�ble or�t the secunty of this Deed of Trust would be
<br /> � impaired,ths msuranCe proceeds shatl be appl�ed to the sums socured by this Oeed of Trust,w�th the excess,if any,pa�d to
<br /> � Borrower.It the Properly i8 abandoned by Borrower.or it E3orrower fa�ta to�espond to Lender wdhin 30 deys trom the date
<br /> not�ce is maded by lender to B he�surancetp oceeds at Le dere's option�e�ther�oe e to at on or repa�ot he Property or to
<br /> � authorized to collectand app y
<br /> the sums secured by this Deed ot Trust.
<br /> Unlesa lender and Borrower otherw�se agree�r�wr�t�ng,uny such appl�cat�on ot proceeds to pnnc�pai shall not extend or
<br /> postpone the due dete ot the monthly mstetlments reterred to m paragrephs t and 2 herec�t or change the amount of sucn
<br /> mstallments.tf under paragraph t S hereof the Property�s acqu�red by Lender,elt nght,title and m2erest of Borrower�n and to
<br /> any insurance poliCies and i�anC to the pracoeds thereot result�ng trom damage to the Property pnorto the sale or acqu�s�tion
<br /> ,� shall pass to Lender to the exlent ot the sums secured by th�s Oeed of Trust�mmediately pnor to such sele or acqws�t�on
<br /> 8. Preservatlon and Msintenance ot PropeAy:Leaseholds;Condaminlume;Ptanned Unit Oevelopn�e�ri•Borrower shatl
<br /> �, keep the Property m good repatr and shall not commit wa8te tir permtt�mp8�tment ot detenoration ot the Froperty and shall
<br /> Comply with fhe prows�ons otany iease�f lhis Deed ot Trust�s on e leasehold.tf th�s Deed of Trust�s on a unit�n e condomm�um
<br /> or a planned unit development.Borrower shall pe�form all ot Borrower's obligations under the declaration or covenants
<br /> creating or goverrnng the condom�mum or planned urnt development.the by�aws and regulations ot the condomirnum or
<br /> planned unit development, and const�tuent documents.If a condom�mum or planned urnt devel0pment nder is ezcuted by
<br /> Borrower and recorded togelher w�th th�s Deed of Trust.the covenants end agreements of such rider shall be mcorporated
<br /> into and shall amend and sttpptement the covenants and agreements ol this Deed of Trust es�t the nder were e part hereof.
<br /> + 7. Protection ot Lende�'a Security.lf Borrower fails to perform the covenents and agreements Conte�ned m this Oeed ot
<br /> 1 T�ust,or if any action or proceedmg�s commenced w�th matenalty aHects Lender's mtetest m the Property.including but not
<br /> limited to,em�nent domam.�nsolvency.cade entorcement,or a►ranyements or proceedmgs mvotv�ng a bankruptor decedent,
<br /> then lender at Lender's opt�on,upOn notice to Borrower,may make sucn apDearances.disburse such sums and take such
<br /> aCtion as is neeessary to protect Lender's interest,includmg.but not I�m�ted to,disbursement of reesonable attorney's fees and
<br /> entry upon the Property to make repeir�.II Lender requuedmortgage msurance as a cond�t�on ot mak�ngthe loan secured by
<br /> the Deed ot Trust,8orrower shall pay the premwms reqwred to ma�ntam such msurance�n eHect unt4 such time as the
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<br /> � reqw�ementtorsucnmsuranceiermmaies���a��o��a���a«�.��,,,...�..o,�....�-�..--.-....._.._
<br /> Borrower shetl pay the amount of all mortgage msurance permwms�n the manner prov�ded un�er peragtaph�t hereot
<br /> I Any amounts d�sbursed by Lender pursuant to th�s paragrnph 7. w�th interest thereon, shatl become addittonal
<br /> �ndebtedness of Borrower secured by th�s Deed ot Trust Unless Borrower and lender agreeto other terms ot payment,such
<br /> I amounts shett be payable upo�not�ce trom lender to Borrower requeslmg payment hereof,and shall bear interest trom the
<br /> I date ot d�sbursement at the rate payable from t�me to t�me on o�tstandmgpnncipal under the Note unless payment ot�nterest
<br /> at such rate would be contrary te appiicabie �.iw.�ri wh�ch rvent such emounts Shell bear mtereat at the highest rate
<br /> ' I acUOnher�eunderrapphcab�eiaw Nothinqcontamed�nth�sparaqraph7shallteQu�reLenderto�nCUte�yexpenseottekeany
<br /> 8. InspeCtlon.Le�der may make or cause to be�n:�de reason:�Wtt entr�es upon and mspeChons ot the Property,prowded
<br /> � that Lender shatl grve Borrower not�ce pnor to any such�nspecUon spec�tymg ieasonable cAUSe theretc��e reiated to Lender s
<br /> mterest�n the Property
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