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<br /> --� the Funds sha11 Utt fietd in�e institution tl�ddposits or accounts cf whfch ace ����_�___.__�_
<br /> If Bonovuer psys Funds to Y.en�cr,
<br /> - lnsur�w�uaru►teed by a�ed�rat os ctate�gency Idncluding Gei+dor if Lendor i3 aush an institution).I.ender shall apply
<br /> the Funds to p�y stid taues,uses�ment�.insur�nce prtmiums�nd ground renta.i.cnder may not charge for so holding
<br /> and appiyinQ the F�ads,andyzing sdd Account or red4�ing aad cocnpi�i���dd+use�smenta aad bips.unless Lendee
<br /> pays Bc�rrower fnteeest on the�und��nd appiir�ble law pormits Lender to n�ake such a ch�rgo.Bexrower�ad Lender
<br /> - -- m�y��e+ce in writin��t tha ti�nc atexeculioa of this Aeed of'I'r�ut that tnterest on the Funds ahaU be pdd to Borrawer. �__ _ __`_
<br /> and unleas such a�greeinent is m�de or appllcable law aqulres such intenst to be p+W.i�ender chdl not be reqaired __
<br /> to piy Barower any interest or earniaga on the Funds. Leader sha11 give to Ho;cower.wtthout cherge,an aenua� � -- - --
<br /> � accounttng of tho Funda showing credtta aad deblts to the Funda and the purpose for which e�ch aebit to the Funds w�s
<br /> • .•- �� mu1e.The Funds ue pledged as additionai secueity for the sums secured by this Dad of Trust. - -----
<br /> ' • If the unount of the Funds heid by Lender.togethet aith t1►o ttttan monthly iastaUmeats of Funds payable prlor to
<br /> r" `�`'ti'''" the due datea of taxes�acstssmanq,insurs�nce premiums aad ground rents�shall esceed the amount nquit+cd to pay setd =_ _ —
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<br /> 1_:;,Y z;;:_ twces.assessruents,insucance pnmiums and grouad rants as thay fall due.sush excess shall be,at Berrower's option. ___
<br /> : •1��,�i'��%,;�;����ri elthce pmmptly repaid to Borrower or cccdiied to Borcowe�oa monthly instaliments of Funds.If the amount of the __ _- -_
<br /> r F`V�'°.:•`'' � �� Funds hetd by Lender shail not be aaf�icient to pay taxes�assessments,lnsurance premtums and ground renta as thay f�ll �;,_ _
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<br /> � � due,Borrower shali pay to Leader aay amount necessary to make up the deticiency in one or more payments as i+ender ___ �y-
<br /> rt :,;�,.. ,,, . may rtqaise. �,-�
<br /> �'� �` '° "� . � R� Upon payrt�ent in full of all:nms secured by this Deed of Trust,Lender shali prumptiy refuitd to i3arcowec�ny �� ^,_. __ - „
<br /> � ' s' Funds held by I.ender.If undet patagtaph 17 heteof the Property la sold or the Proparty is otherwise acqutrcd by _;o
<br /> �y.��.,��� .A. ,n� ,.. � Lenda,Lender shall apply.no later thar�immediately prior to t he sa le o f t he P r o p e rt y o r i t s a c quisition b y Lender.aay ,;;:_s�-y'-_ ---
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<br /> � � Funds held by Lender ut tite tir.le af appl�eatioa as a sredit against the sums secuted by this Deed of cust• -
<br /> � „ , 3. Applk�tion oi Pa,ymeab�Unless applicable law provides otherwise, ail paymeats receive�t by Leader under ' ,; ��+- -
<br /> � ,. the Note and paragraphs 1 and 2 heteof shal!be applied by Lendor flrst in payment of amouats payable to Leader by � ,� ___-_—
<br /> �' „ • Borrower under paragraph 2 hereof.then to interast payable an the Note.and then to the principul of the Note. _-
<br /> 4. Peior Mort�a ar�d Deeas of Tra�tt Charaesi Llens. Borrower shall perform a11 of Borrower's obligatlons :: _ ____
<br /> ` under any mortgage.dced of trust or other securlty agnement with a lien which hAS pdority over this Deed of 1'rust. � ��''� --_--
<br /> inctuding Borrower's covenants to make payments when due. Borrower she11 pay or canse to be paid all taxes. _
<br /> assessmentc and ether charges,ftnes and Impositions amibutable to the Property which may attain a prtority over this ---
<br /> '" Decd of Trust,and leasehold payments or ground rents,if any. . -" -
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<br /> � S. Hasard Imnrance. Borrower shall keep the improvements now existing or hereaRer erected on the Pcoperty .,_
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<br /> � insurtd against loss by flre.hazards included wlthin the term"e�ctended coverage",and such othet hazards as Lender • �
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<br /> may require and in such amounts and for such periods as ixnder may cequita. - "
<br /> „ 'ilte insurancc carrler providing the insurance sh�ll be chosen by Bonower subject to approval by Lender;provtded. ;.
<br /> � . that such approval shall not be unreasanably withheid.All insurancc policies and renewals thereof shali be In a form ., )
<br /> ' • • ' acceptable to Lender and shall tnclude a standard mortgage clause{n favor of and in u focm acceptable to Lender. .
<br /> • .• Lender shatl have the dght to hold the polic[es and renewals theteof.subject to the terms of any mortgage,deed of trust �{ .
<br /> or other secudty agreement with a 1 ien whlch has priority over this Deed of Trust. � t
<br /> � ��. � , In the event of loss,Bonower shall give prompt not{ce to the insurance carrier and Lender.L,ender may make proof ''��
<br /> of loss if rtot made promptly by Bonower.• :!�
<br /> � If the Property is abandoned by Bonower.or ff Borrower fails to respond to Lender within 30 days from the date `
<br /> � � notice is mailed by Lender to Borrawer that the insurunce carder offen to settle a claim for inautance beneRts,Lender is
<br /> � authorized to collect and apply the insurance proceeds at Lendei s option either to restoration or eepair of the � . . .
<br />- PcopeKy or to the sums secured by this Deed of Trust. ��
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<br /> 6. Preaerv�tion �nd Matntenance ot Propertyt I.e�seholdst Condomtntum�; Pl�nned LJnit Developmena. Bor- '�, -.�
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<br /> • " rower shall keep the Property in good repair and shaU not commit waste or pernnit impairmeat or deterloration of the •;�%��
<br /> � . .. .. Property and shali comply with the provisions of any tease if thts•need of Tcust is on a leasehold.If this Deed of Trust is C
<br /> �� on a unit in a cahdominium or a plannecl unit deveiopment,l3onower shaii perFurm ail oF Donowcr's obligstlons ander 0 . _.
<br /> � the deciaration or covenants creating or governing the condomtnium or planned uelt development, the bylaws and
<br /> ' regulattons of the condomintum or pianned unit development,und constituent documents. ,
<br /> 7. Protxtton oi Lender'm Secudty.If Bonower fails to perform the covenants and agreements contained in this ..
<br /> . Deed of Trust,or if any actfon or proceeding is commenced which materially affects L.ender's{ntemst in the ProFerty,
<br /> then I.ender,et Lender's option,upon notice to Borrower,may make such appearances,disburse such sums,inciudtng I
<br /> reasonabte attorneys'fees.and take such action as is necessary to protect[,eader's interest.If Lender required mortgage
<br /> insurance as a condition of making the loan secured by thts Deed of Trust,Bonower shall pay the pcemiums required to
<br /> maintain such insurance in et1'ect until such time as the requiremeat for such insurance terminates in accordance with .�
<br /> Borrower's and Lender's wrltten agreement or appltcable law.
<br /> • � Any amounts disbursed by i.ender pursuant to this puragraph 7, with Interest thereon, at the Note rate, shatl
<br /> become additional indebtedness of Borrower secured by this Deed of Trust. Unless Bonower and Lender agree to
<br /> � other terms of payment, such amounts shull be paynble upnn notice from Lender to Borcower requesting payment
<br /> thereof.Nothing contained in this paragraph 7 shall requtre I.ender to incur any expense or tnke nny action hereunder. .
<br /> ' 8. lnspectton. Lender mar make or cause to be made reasonable entries upon and inspections of the Pcoperty, , . ,
<br /> • provided that Lender sha11 give Bonower notice prtor to uay such inspection speclfying reasonable cause therefor
<br /> related to Lender's interest in the Property. �
<br /> 9. Condemnatton.The proceeds of any award or ciaim for dams+ges,direct or consequential,in connection wiih ,
<br /> � � ; any condemnation or other taking of the Property,or part thereof, or for conveyance in iteu of condemnation, are ,
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<br /> +.�,...___:...._.,...a.�.e��� ...aa ..,r o.,ao. �.,�.s�,.���rhP rPr„c nf nnv mortnaee,deed of trust or other security agree•
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<br /> ment with a![en which has riorit over this Dced of Trust. '
<br /> � � 10. Borrower Not Releaud; Forbear�nce By Lendet Not a Watrer. Extension of the time for payment or �
<br /> I ; „ modiftcat�on of amortization of the sums secured by this Deed of Trust gruated by Lender to any successor in intetest of
<br /> � Bortower shali not operate ta release,in any manner,the liability of the original Bonrower and Bonower's successors in
<br /> ' interest.Ixnder shail not be required to commence proceedings ugninst such successor or refuse to extend time for pny
<br /> ' ' ' ment or otherwisc madify amortizatlon of the sums secured by this Deecl of Trust by reason of any demand made by the
<br /> i � original Borrower and Bortower's successocs in tnterest. Any forbenrance by I.rnder in exercising any right or remedy
<br /> +, hereunder,or otherwise afforded by applicable iaw,shul!not be a wniver of or preclude the exercise of any such right or
<br /> � � remedy.
<br /> � I1. Succeasore� �nd Asstgi�s Bound; Jolnt and Sever�l Ltab�ltryt Cu•eigners. 'Che covenants and agreements
<br /> herein contained shall bind. and the rights hereunder shall inure to,the rccpective successors and ussigns ot l.ender and
<br /> . � Borrower.subjert to the provislons of paragraph lb hereof.AI1 covenants and agreements of Bonower shalt be joint and
<br /> � ' � sevrrnl.Any Botrower who co•sfgns this Deed of Trust,but does not exerute the Note,(u)is co-signing this Deed nfTrust
<br /> ottiy to gcant and convey that Borrower's Interest in the Pmperty ta Trustee under the terms of this Deed��f Trust,lb)is
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