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<br /> + UNIFOiiM CQVEMANTS.Borrower anq 4ender covenant and a�ree as lollows: =-��`�`�"''-�-_���--
<br /> ° � 1. Paym�nt ot P�tnotp�l and Int�ns� 8orrower shall promptly pay when due the pnnalpal ot and i�tereat on the '�:'�+'{�;�:,;::�:,,.�,
<br /> . . indebtednesaevldenaedbytheNote,prepa mentandlatechargeaas roWdedintheNWe,andtheprincipstofandinteroaton ,�. K �,�„�,�-_-
<br /> P ::-r;.;==----_
<br /> _ any Futuro Ad�ancea eecured by the O�ot Trust � �=����'�����-=�=-
<br /> �. FundotorTcue3eta�laas�mneo.Sub}ecttoAppltca61e1awortoawr►ttenwaiverbyLender,Bo►rowershatipaytoLender • �•� _
<br /> ` anthedaymonthlytnstallmenbof principalandinterestarepayableundertheNote,unriltheNoteiapaldlnfull,asum(hereln .'� :
<br /> "Funde")equet to one-twelflh ot the yearly taxes and aaaeaamenta whfch mey ettein priority over thla Desd of Truat,�tnd '_`��:#��_�°
<br /> ground�entaonthePrc+perty,ifany,ptusone-twelRhofY 3rlypremtuminatellmentsforhaia►di�surance,ptuaane-twelfthot
<br /> yesr�y premium Inafa�lmente for mortgage inauranco,It sny,ait as reaeonebly eatlmeted Initially end irom time to dme by
<br /> ' lender on the basis of 8saessmenta antl bflls and reaeonable eatlmates thereot. ; ��
<br /> The Fundsshati be hefd in an inatitution the depoaHa oraccou�ts of whichare insured or guaranteed.by a Federai or etete -
<br /> agenay lincluding Lender it Lender Is such en institudon�.Lender shall�pply!he funds to pey said taxea,aseesemente. , , ,
<br /> Insurance premiumeand ground renta.Lender may not aharge for aohoidingand apptyingthe Fundaenaiysingaaidaceount .. .
<br /> orverifyingandcompilingeaidassessmentsandbilis unlessLenderpeys8orroworinterestontheFundeendapptioabielew ,
<br /> permits lender w makesucha charge.8orrower and�.e�der mey agreeln wdti�g atthe time otexecution ot thiaDeed of T�uat
<br /> th9t Interest on the Funds ehali be pald to Bortower,and unleas such ag�eement le made or appIiCalbe law requinus such '
<br /> intereat to be pald,Lender shait not be�equired to pay�Orrower any intereat or earnfngs on me Funds.Lender shail give to
<br /> Borrower,without charge,an annual accounti�g of the Funda showfng credits and de6its to the Funds end the purposa tor _
<br /> • � � which each deblt totheFunds was made.The Funds are pledged as addltional aeauriry for the sume secured by thts 0eed of ..
<br /> Truat -• �• �
<br /> It the amount of the tunda held by Lender,together with the luture monthiy inatetiments ot funds peyable prio►to ihe due
<br /> � dotes of taxes.assesaments,ineurance premluma and ground�enta.shall exceed the amount requlred to pay eaid texes. •�
<br /> . . • asse8sments,inaurence promlums and ground rents as they fatt due,such exceas shalt be.et 8orrower's optlon,etther •
<br /> �� prampsly ropa3d!0 8orrower or e.w�iitwd fa 8orrower on monthly tnstellments ot Funds.If the amount of the Funda held bY '
<br /> Lendershelinotbeauffl¢ienttopaytsxes.assessments,losu�encepremwmaa�d groun�ira�tWes:tti8yfsllduc.Sorsor:Lteheit
<br /> pay to Lender any amou�t necessery to make up the deliclency wfthin 30 deye fram the date notice Ia ma11e0 by Lender to ,
<br /> Borrower requeeting pa�lment therooi. � �
<br /> UpOn payment Inful�of ell suma aecured by thls Deed ot Truat,I.end�rsheli promptty retund to Borrower eny Funda held by
<br /> Lender.IfunderparagraphtBhereofthePrapert�►�saoldortheProperN�solherw�eoecqwredbyLender,Lenderahsltapply " ' , ', a
<br /> no teter than Immedintety pnor to tho snia ot tho Praperty or 1te ncqwn�ffon by Lendor,end Funds hpld by Lender et the time b� ��
<br /> appiloeUOn ae n e�edit againat the suma securod by thts Qe�i ot Trust
<br /> 3. Applieatbn ol P�ymm4s.Un�aao nQpUcabii�t�w prov�dos otho�win4.etl p�ymunte racewed by Lender under the Note '�
<br /> nnd peregrephe 1 and 2 hereot ehatl be appt�od by 4endor hrst�n pnymnn/of omounts payeble to lender by 8orrower under � .
<br /> paragreph Z hereof,then to mtorest pnynbte on the Noto.tho�to the pnnapol ot the N�te.ond then to Intereat end prinalpai on 1,.
<br /> any Future Advanaea. �'r
<br /> �. Charpt�iLt�ns.Borrowereshalipay elitexes.easesamentsendothercherges,tinesandimpoaitionsattrlbuWbletothe � _
<br /> Property whlch mey attaln a pnontv over ihia Deed o1 Truat,and lenaehotd peymenls ar g►ound renffi.Q eny,m the manner = �,,
<br /> prQyldgd�n�er garagraQh 2 hereoi or,if not�nid�n such manner,by Bo►rower making peyment,when due,di�ecdy to the t '�'���
<br /> ayee thereof.Borrower shel l promptly turn�:.. 'o Lender all not�ces of amou�ts dua urider ihl5�stagsaph,anQ 1n!hs e�ent ,
<br /> �rrOwer shell maks�payme�t directiy, 8orrow�r shell promptty furn�sh to Lender receipts evidencing such payments. �
<br /> not be
<br /> Borrower sheil p�omptly discherge eny I�en whicn has pnonty over this Deed of Trus�prov�ded,thet Borrower sheil �
<br /> requlred to discharge anY such Ilon so long as Borrower shali egree in writing tothe peyment otthe obilgadon secured by auch ,
<br /> Iien tn e mannet BCCeptab�eto Lender,or shali in good faith conteat such lien by,or detend entoroement ot euch Ifen in,tegal ,,� �� i
<br /> proceedinge whfch operate to prevent the entorcement of the lien or torfeiture of the Property o�any part thereof. ; #
<br /> 8. H�sard Insuraeae.Borrower ahall keep the improvemente now existing or hereatter erected on the Property inaured ;� i
<br /> agefnst to8a by fire,heiarda mcluded within the term'exte�ded coverage",and such other hazards as Lender mey requ�re i _ , __.,;��
<br /> and fn auch amounts and for such penods as Lender mey require;provided,that Lender shalt not require thatthe amount of � -`��=�_�
<br /> such coverage exceed that amount of coverage required to pay the sumssecured by thls Oeed of 7rust I r����;�
<br /> Thislnsuranaecarrierprnv�dingthemsuranceshatlbechosenby8o�rowersubjecttoa provalby Lender:prov�ded,that ; �
<br /> undeeparag eph 2 hereot or�if notpa dlY n such�m�'ner,by Bor ower making paymentgwhen due dlre t y to the i surance �
<br /> • ; carrler. � , �
<br /> AII insurance policles anc9 renewals thereof sha11 be�n form acceptable to lender and shall include a standard moHgege
<br /> clause In favor of and in torm acceptable to Lender.Lender shatl have the rghtto hold the pot�cios and�enewels thereof,and : • ,�-
<br /> ' Borrower shal�prompdy turni sh to Lender ell renewel notices and al�receipts of paid premwms.In theevent ot Ioss.Borrower � '
<br /> shal�gfve prom t notice to the msurance cerner end Lender.Lender may meke proof of loss�f not mede promptly by Borrower.
<br /> Untees LenSer end Borrower othetwise agree�n wnting,cnsurance proceeds shalt be epplied to restoration or repafr ot the
<br /> � Property damaged.prov�ded such restoration or ropa�r�s economically teas�ble and the seCUnty of this Deed ot Ttust is nat
<br /> thereby impeireci it such restorat�on or repair is not economically feas�ble or�f the secunry of th�s Oeed ot Trust would be
<br /> impei�ed,the inst,rance proeeeds shatt be appl�ed to the sums secured byth�s Oend vt Trusi,with the excess,�t any,pa�d to
<br /> Borrower.If the Property�8 abandaned by Borrower,or d Borrower teils to respond to lender w�thtn 30 days from the date
<br /> not�ce Is mailed by l.ender to Borrawer that the�nsurance carnar ofters lo settle a claim for insurance benet�ts.Lender is
<br /> authOrfred to collect and apply the�naurance proceeds at Lender's opti�ne�ther to restoration ar repair of the PropeRy or to
<br /> the suma secured by this Deed ot Trust.
<br /> Unless Lenderand Borrower otherw�se agree���wr�t�ng,any sucn appl�cation of proceeds to pnnc�pal ahalt nof extend ot
<br /> postpone the due date ot the monttily mstallments referrnd to�n paragraphs t and 2 hereof or change the amount ot such
<br /> mstal�ments.If�nder paragreiph 18 heteof the Property is acquired by Lende�,all nght,t�tle and mterest of Borrower�n end to
<br /> any insurance poliCies and�n and to the procoeds thereot result�ng from damage tothe Property pnor to the sale or acqwsd�on
<br /> shalt pass to Lender to the extent ol tne sums secured by th�s Deed of Trust�mmed�ately pnor to such sale ar acqu�sition
<br /> t 6. Preeervation and Malntonanee ot Propeny:Leaeeholds;Condominluma;Ptanned Unit Developments.Borrower shall
<br /> keep the Property in good repeir and shall not commrt waste or permit impa�rment ot detenorat�on of the Property and shall
<br /> comply wfththoprovts�onaofanylease�fth�sQeedotTrust�sonaleasehold.Itth�s0eedofTrustisonaumtmacondom�mum
<br /> or a planned unit development. Borrower shall pertorm alt of Borrower's obligat�ons under the dectarat�on or covenants
<br /> � creating or governing the condumimum or ptanned unit deve�opmenL the bylaws and regulat�ons ot the condom�rnum or
<br /> p18nned unit devebpment,and constituent documents.If a condominwm or plttnned umt deve�opment nder is excuted by
<br /> t � Borrower and recorded together w�th this Deed of Trust,the covenants and agreements of such nder sha1l be�ncorporated
<br /> into and shell amend a�d su pplement the Covenants and egreements of this Deed of Trust as�t the rider were a pett hereof.
<br /> 7. P�otectlon ot Londer'B SoeurHy.If Borrowar fails to perform the covenants and agreements conta�ned�n this Deed of
<br /> � Truat,ot if eny action or proceed�ng�s commenced w�th matenally aHec;ts Lender's�nterest m the Propetty,mclud�ng but not
<br /> I�mited to,emmentdoma�n,insolvency,r.ode entorcement.or flrtenyemen�s or proceed�ngs involving a bankrupt ot decedent,
<br /> then lender at lender's opt�qn,upon not�ce te Borrqwer.may make sucn appearances,d�sburse such sum9 and take suctt
<br /> aCtfOn as�s neCessaryto protect Lender's�ntorest.uicludmg,but not t�m�tedto,d�sbursementof reasonable attorney'S feea a�d
<br /> en!ry uponthePropertytomaker�pa�rs IfLendoireq�uredmortgagemsuranceasacond�UOnotmek��gthe�osnsecuredby
<br /> the Deed Ut Trust.Borrowar shati p�y tne prem�ums r�qu�red to mamtain such ingurance�n eftect until such time as the
<br /> ; requuementforsuchinsurunceterm�nates�nacc.urdnnCewrthHorrowersn�dLentler'swnttenegreernentorapphCalbetaw
<br /> ovii�woi 5i�an a � "°�'��°O'^•^''^°^°'^°'!`a^�`-'^wrmu,mc m tha manner Orowded under peregraph 2 heteof
<br /> N �.`��;"�............ .._.••,-�-
<br /> ' Any amounts d�sbursed by Lnnder pursuAnt w th�s paragraph 7,wdh �nterest thereon, shell become eaa�nonai
<br /> • �ndebtednessot8orrowers�curedbyth�sDeedol Trust Unless6orroweiendLenderagreetoothertermsotpayment,such
<br /> emounts shall be pay�b�e upon�otico�rom Lender tn Borrowsr requesting payment nereof,and shall bear interest from the
<br /> � date of disburseme�tat the rale peyable trom t�me to t�meon o��tstandmg pr�nc�pal under the Note unless paymvnt ot�nterest
<br /> '' � , at suCh rate would be Cuntrary to appt�cnbie law.�n wh�ch event such amounts shalt boar �nterest at the h�ghest rate
<br /> permfs8ibleundereppl�cablelnw Nolh�nqr.ontampdmth�sparaqraph75hal1requireLendertomcuranyexpenseortakeany
<br /> � ., , action hereunder.
<br /> . � S. Inepectlon.Lender may make or cuuse to be m,�de reasonnWo entnes upon nnd�nspections of the Property,prowded
<br /> I th8t Lender 5h4�1 grve Elorrower nnuce pnor to any such mspi�ct�on spec�fymg�e:�scmable causQ there+f�re related to Lendc�r's
<br /> �nierest in the Property
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