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<br /> � . � 94- �.o�s�.3 ._ �
<br /> ' UNIFOpM CQVEt�WtdT .Borrov�er and lender covenant and agrae es follows: _
<br /> t. P��rneot af Pdne1�� and IntensL Borrow�r shatl promptty pay when due the pnncipal of and interest on the
<br /> indebtednes9evldenced bythe Note,prepaymentand tate chargeses prov�ded in the Note,and the prmeipel of and intereston _
<br /> any Future Advences aecured by the Oeed of Trust
<br /> • 8. Fundatar Tnsesend�nsuraeeo.SubJectto applicable taw or to a wri4ten waiver by Lender.8orrower shelt pay to Lender r
<br /> onthedeymonthlyf�atatimentsof pnncfpetandmterestarepayebleunderlhetJato,untitthoWotefspuidinfufi,8sum(herAtn �
<br /> ' "Funds"�equal to o�e•twelRh ot the yearly texes end e8aessments whfch mey attaln priotly over thls�ot TrueR and
<br /> � ground rente on the PropeAy,if any,plus one-twe�tth of yearly premtum instaliments tor hazard inaurance,ptus one-tweitth ot
<br /> yearly premium installmenta for mortgage insurance,it any,atl ae reasonabiy eatimeted inidelly and f�om tim�to u�by
<br /> � ' I.ender on tho bASia ol asseasments end bllia end reasonable estimates thereof.
<br /> '� The Fundsshel►be held In an institutlon thedeposita oraccou�tsof which are Ineured or guamnIIOafli.��p Fe�ere,t pr st�to
<br /> agency(Inr,iuding Lender it lender is such an inadtution).Lender shait apply the tunds to pay sao�4attos,assasam�nQs.
<br /> inau�ancepremiumsandgroundrents.Lendermaynotchargeforsoholdi�gandapptymglheFunds,c��a7yain�ssi�a�c�umt
<br /> orverlfyingandcomptiingsaidasaesamentsandbllls.unlessLenderpayaBor�owerintaqeaio�theFundsandap�fer,eiblelaw �_, �. ;
<br /> permiteLendertomakeeuchacharge.Borrowerandte�dermayagree1nwritfnguttha1uoeofexecurionotthis0�a�o9Trust `�;.`;.�,:;,,
<br /> that interest on the Funds ahall be paid to Borcower,and unleas such agreement ia ema�9e or appticelbe law re�wlres such ti: :.5��,, �
<br /> intorest to be pafd,Lender aheli not be requ�red to pay Rorrawer any interest or ee�n�n��on the Funds.Lender shall give to ,s s.,n�'�..',S,'y.�i� 4•�. ,�
<br /> Borrower,withoutcharge,an annuet accounitng of the Fundsshowing credits and d,t�dsto theFundsandthepurposeiar ,'4""•�;;K"~"`'�i1,'�.iji�;'•�'�, '
<br /> � whicheachdebitlotheFundswasmade.TheFundsareptedgedasadditionatsec�rdqtorthesumssecuredbythisDeedof . •,1��.t�
<br /> Trust ° .. •
<br /> If the amount of the funda heid by Lender,together with the tuture monthiy installma ncs of Funds payab�e prior to the due
<br /> datas of taxes,asaesements,insurance premiuma and ground rents,shall exceed tt��amount required to pay sa�d texes. �,
<br /> aggeasments,insurance preR�iums a�d ground renta as they fait due.such excess shall be,at 6orrower's option,elther
<br /> promptly repaid to Bortower or credited to 8orrower on monthiy instaiiments ol Funds.It the amaunt ot tha Funds held by ,
<br /> Lendershetlnotbesufticienttopaytaxes,assessmenta,insurancepremi�eansand groundrentsastheyfalldue.Borrowershall
<br /> pay to Lender anX amouM neceasery to ma9�e up the deficiency within���ays(rom Ihe date noNce is maded by Lender to �.. �j ,
<br /> Bonower requ�sUng payment thereof. •�
<br /> Uaon payment m full of all sums secuu�'b�t�is Deed v�t7aus�Lenders�all prom�tly refund to Borrower any Funds held by „
<br /> fi'�. Lentler.ltunderperagrag�h'l��ner�ort�hePrppe�y issolydor�nePrope�ty isott�erw�seacq�nredbyLender,Lendershanapp�y. � '_�r"�;
<br /> �•I�� '. '�•-, �n•a iat�r than i�remediately prior 1�rhe sa��ot the Properiy or 61s aCqwsit(on by Lender,ana Funds held by Lender at the�ime of ' • �' �a
<br /> .'1,; �i�:`� � app)icatlon ms m credit ageirost the aums seCUred by this Oaed ot Trust ;';`� �
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<br /> ;•ti`;y�, ;,1 'I 3. App�ka79a�n ot Peymento.Unless appl�cable law prowdes othetw�ae.a l!�aymen ts�e c e�v e d b y L e n d e r u n d er tna Note �-
<br /> and paregrAphs t and 2 hereof shall be appl�ed by Lender first in paymem ot amounts payable to Lender by Borrower under �. .
<br /> "���c.';:, !` '� p a r eg r a p h 2 h e r e o f,t h e n t o i n t e r e s t p a y able on the Note,then to thepnnc�pai of The Note,and then to interest and p�incipal on •"#i+?i�,�j,'.,
<br /> any Future Adwances. `1"�.' ��� -`4�=`�
<br /> • 4. Chat�os•�ieas.8orro�+vers shall pay all taxes,a&s�sernents and other charges,bnes and impos�tions attributabte to the - � ,,;-
<br /> firoperty w��c'h may attain a�prior�ty over this Oeed ot trusl and leasehold paymenu or ground rents,ii any.in the manner ���;`. '� ,.,,:�"!�,,;'' ;
<br /> , �'. ment,when dua,dueclf to the r�'.-,•;;�� ,., ;,�+�(' 'r�
<br /> , provfded unCar pa�8graph 2 hereot or,if not�a�d�n such manner.by Ba�rowe�malang pay , Y ; : ;E�.�I,h i.•'
<br /> �payee me�eof. E�orrowe�snaii prompi�r;u�r;..,. '"v�s'3i�u87 F�::R.^.4SLS�^�3:7:�L'.^.t8 dL4ln+�@�thiA(fA7�tjiA9'h.8f1d IQ 1h9 AVBM ,.�., �_1':�t-;nain .
<br /> � 8orrowet ehalt ma0ce paym�nt duectly, Dorrowor shall promptly tu�mah to Lender receipts ev+cZencing such papments ,••;:�' �.�����rd'�'1'
<br /> BoROwer shall promptly dis�harge any I�en wn�cn hes pnonry over this Deed of Trust:Prov�ded,tl�a1 Sorrower shaN not be 1'�,:�:'.�:',.. �r��7'�``'• '
<br /> r�equired to dlschargear� such han so lang as Borrower shal�agree�n writing to the paymam of theobhgat�on secuaed by such ,+.� '�'• � ,�?�,
<br /> � I isn In a manner accepta�te Ya Lender,or shall in good taith contest such tien by,or defena!enforcement of such l�en m,tegai • . i�`3
<br /> proceedtngs which operete to prevent the entorcement ot the lien or torteiture of the Property or any part thereor_ f ?,
<br /> S. Ne�[atd tnsu�ance.Borrower shatl keep the improvements now exiating or hereafter erected on the Property msured
<br /> against loss by fue,hezards�ncluded w�thin!he term'extended coverage",and such other hszerda as Lender may requue i i !
<br /> and�n suCh amounts and for such per�ods as LendAr may�eqwre;provfded,thet Lender shall not reqwre thet the amount ot ''�I��
<br /> such coverage exceed that amount of coverage reqwred to pay the suma secured by this Deed of Trust � .
<br /> ThiBinsurancecarnerprovidtngthe�nsuranceshellbechosenby8orrowersubjecttoa pr�ovalbyLender:prov�ded.that �:�
<br /> undeaparag eph 2'hereof or.�t notpa dYn.yuch�m�Iner.by Borrower maki g payment v��n due,d rectly to the�nsu ance ;
<br /> cemer.
<br /> AI�insurance pol�c�es and renewets thereot shaU be m torm accepteble to Lender and shall mctude a standard mortgage 'h
<br /> c18u88 in favor otand m form acCeptabie to Lender Lender shat 1 have the nght to nold the pohcies and renewals thereof.and .
<br /> � BOrcower shall promptly turmsh to Lender aIi renewai noticesandall rece�pts Of pa�d premwms In Meeventof loSS.Bortower •
<br /> shall give promptnoUCe tothe insurance carner an0 Le�tler Lender may meke p�oof of Ioss�f notmade promptly by Borrower , •.
<br /> UnlessLenderandBorrowerotnorw�sbagraa�.�..•�:,r�y.�nsur�:���r:,�acd�shnl!bespAt�e�ltorestotabonorrepairofthe , ,
<br /> Property damaged,prov�ded sucn restorat�on or repa�r�s economically teas�ble and the secunty of this�eed of Trust�s not i
<br /> thereby�mpe�red.If such restorat�on nr repav�s not economicalty teas�ble or it the secunty of th�s Deed of 7rust woutd be
<br /> impaued,the�nsurance proceeds snall be applied to the sums secured by th�s Deed of Trust,w�th the excess,�f any,peid to
<br /> Borrower.If the Property�s sbandoned by Borrower,or�t Borrower fads to respond to Lerder w�thm 30 days ttom the date
<br /> nofice�s ma�Ied by lender to Borrower that the msurance car�ier otters to settle a cta�m for msurance benefrts,Lender is
<br /> authonzed to ca��eCt and apply the�nsurance p�oceects at Lender's opuon erther to restorat�on or�epau of the PropeRy or to
<br /> the sums securc-d by this Qeed of T�ust.
<br /> I Unless Lender and Borrower otherwise aqree�n wr�ting,any such appl�cat�o�ot proceeds to prmCipa�shall not extend or
<br /> postpane the r2u�date of the monlnly�nstallments referreci to�n paragraphs 7 and 2 hereof or change the amount of such
<br /> �nstallments.if�nder paragraph 1 B hereot the Propeny�s acquired by Lentler,atl nght,t�tle and�nterest ot 6ortower m 8nd to
<br /> any insuranc�I�ouc�es and�n and to the p�oceeds thereaf result��g from dama9e to the Property pnOr to the sale or acquts�tion
<br /> shall pass to I��e^der to the extent of the sums secureci by this Oetxf of?rust�mmediately p��or to such sale or acqu�s�t�on
<br /> a. Pr�s��ation and INafntenance ot Propo�fy:Leaaeho�ds;Condominlums:Planned Unit QevebpmeMs.Borrower shall
<br /> kcep the P�o7erty�n good repa�r and shall not comm�t weste o�perm�t impa�rment of detenorauon ot the Property end shalt
<br /> compl�wr�,"+meprovisionsofanyiease�IthisDeedoiTrust�sonaieasehoid ifth�sOeedofTrustisonaumt�nacondom�mum
<br /> � or a f��a��'•� und deve�opment. Bnrrower snatl pertorm all of Borrower s obbgaUOns under the declaraUOn or covenents
<br /> tr�aAng G•;overrnng the conclom�n�um or plannea unU development.the by-laws and regulations ot the condomimum or
<br /> piann�a?�'.:t development,and const�tuent documents i►a candomin�um or piannetl urnt devetopment r�der�s excuted by
<br /> �� Borr�ee•and recorded together w�tn th�s Qeed ot Trust.the covenanrs and agreements ot such r�der shatl be�ncorporated
<br /> �i .�•e a�a Shall amend anc!supD�ement the covenAnts and agreements of th�s Deed ol Trust as d the nder were a part hereof
<br /> � 7. Protection of Le�der'3 Security.if Borrow�r t�i�s to perform the covenants and agreements contemed m th�S OCed o1
<br /> TvSt ot it eny eCttOn Ot QroCeectir.g�s i ommencecf wrth metena��v aHects Lender's mterASt m the Property.mclud�ng but not
<br /> mttedto.em�nentdomain.insuwe�cy coaeentorcement.orarranyementsorproceed�ngs�nvolangabankruptordetedent.
<br /> then Lender at lender's opt�on.upon not�ce to Borrowe�.may maKe such appearances.d�sburse such Sums and take such
<br /> � actionas�snecessarytoprotectLender'smterest.�nc�udmg,butnotl�m�tedto.d�sbursementotreasonableariorney'sfeesand
<br /> III entry upon the Proparty to make�eoa�rs if Lender requ�red mOrtgage�nsutancees BCOnddion of maktng the loan Secured by
<br /> I the Deed of Trust. Borrower shau pay the prem�ums requueci to mamtam SuCh insurance m effeCt unt�I suCh t�me as the
<br /> � requuementforsuchmsurenceterm�nates��accordancew�thBorrowersandlendet'swnttenagreementorappt�calbelaw
<br /> J Rorrower sh8{�Oav the amount o�all mortgage insurance pe�mwms in the manne►prov�ded under paragraph 2 hereof
<br /> ..w.....,.....�
<br /> yAny amou�ts diSburSect by �-�nder putSUSnt �o mis pa�agrapn 7. w�ii� n�iesiayi ii�vioG��. ��a�7 ..�:.�.::� .........,.••,..
<br /> � indebtedness of BorrOwer secure0 by�h�s L1ePtl ot T�u�I Unless Bor�ower and Lender ugraeto other terms of payment,such
<br /> � amounts shell be payabte upon notice ha�n t entler to 8orrower requesang payment hereot,and shell bear�nterest from the
<br /> ! dateofd�sbursomentattheratepayaoie'�omt�metot�meonoutstand�ng pnncipaluntlertheNOteunlesspaymentOt�ntere�'
<br /> at Such rate w0u�d be contrary to apP��cabie iaw.�n wh��n event such amounts shan bear��terest at the highest rate
<br /> • perm�ss�bleunderapF��cabteiaw Noth�rqconta�ned�nth�saaraqrapn%shaUrequ�relenderto�ncuranyexpenseortekeany
<br /> , i acUOn hereunder.
<br /> 8. tnspectton.Lender maa r-�a�e or causc to be m.��re reasonab��e�tr�es upon ar7 mspeCUOns of the vrnw�:z, ��ruwded
<br /> 1hatLendershallgroe8orro•,�erna��o���,rt�anysu:hmsp�ctionspNG�tymg�easona�+ecausethPre�;r?r��.arr���� .er�de.s
<br /> � mterest�n tne Propeny �
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