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<br /> � UNIFbRhA�OVHMANTS.8orrower and Lender covenant and agree as follows:
<br /> • 1. Payrt�e!of Prinolp�i aod lot�nt� 8orrawer ahall promptty pey when due the pnnclpal of and intersst on the --�—�
<br /> � tndabtednesa�evldencedbytheNote,prepeymentandtatecharg0sasprowdedinthoNote,andtheprinclpalofandintereston
<br /> . eny�uturo Advancea secured by the OeeO of T�uat . _
<br /> �� ?. FundalaTaxMandlnwnne�•Subie�ttonpplicebtelawortoewrlltenwaiverbyLender,8ortowerahallpaytoLender
<br /> ; " ' onehedaymonthNinetallmentnotprinaipal8ndinmreatarepayableunderMeNots,untfltheNobldpaidlntull,aeum�heroin .z. ,
<br /> � ° "Funda")equal to one•twelNh of the yeady taxea and esaesemente which rt�ay atteln prloriry over this Oeed of T�uat,and
<br /> , ° groundrontsontheProperyr,ilany.p►usone•twolfthotYaarlypror�tumtnuWllmont;ttarhnuudinsumnce.ptuaona-tr�elfthof - .
<br /> Yearty premium inrialimente for moKgege insurance,it eny,al)aa roadonabty eaUmeted Inidalty and hcm Ume to dme by
<br /> � Lertder on the basfs of aaaeaaments and biUsa�d reaeonaWe earimatea Yhereot. .
<br /> The Funde ehatl beheld in an tnstltutian 4heda�poaitaor aecountaotwhich arefnsured orguarenteed,bye Federalor etete
<br /> " agency(inctudfng Lender if Lender ia such an inetitutlon�.Lender ahai�eppty t1�e tunda to pay anid texea,asseaaments.
<br /> • inaurance premlumsenq ground rente.Lenderm�ynotchargeforaoholding andapplyingthe Funds,analysingeaidaccount r�
<br /> � orve�llyingandcompllingssidassesamentsans�blils uniesslenderpaye 8onowerinterestontheFundaandepplicabielaw
<br /> permits Lendetto makeauch a charge.Borrower and�.end+�rmayagreein wtitingatthedmeof exacuUon ofthia Deedof Truat
<br /> that fnterASS on the Funda ehatt be paid to�a►r4wer.end unleaa such a reement Is made or a pIicetbe Iaw►equtres euch
<br /> �, . Interest to be pald.Lender aheli not be required to pay 8oaower any interest or esmingd on me Funda.Lender ahett give to
<br /> - � Borrowe�,without charge,an annual accountlng of the Funds showing credits and de6its to the Funda and the purpoae tor
<br /> which each debit to theFunds was mede.TheF unds are pledaed as add(tionel securiry torthesumsaecured bythis Oeed of
<br /> Trust
<br /> I}the amountof the funds held by Lendor,ta8ether with the future monthly instatlmenb ot Funda payabt�pdor to the due
<br /> detea of texea,esseasmenta,Insurance premluma and ground rents,shatl exceed the amountrequired to pay stild fexes. � ,.
<br /> � easeasmente,insureoce premtums and ground rente as they fall due,such excess shall ba,at Horrower's option,either �
<br /> prompUy rep�Id to Bomower or credited ta 8orrowe�on monthiy fnstallmenb ot Funda if tP��amount of the Funda heid by
<br /> - • � LenderohellnotbeaWfi�lenttopayfaxes.assessmenta,insiuencepremiumsandg roundren4sastheyfalidue.Borrowerahall , ` �
<br /> " pay to lsnder any amount necesaary to m�ke up the daficiency wiMin 30 days(�rom the date noUce ia mailed by Lendor to � � •�� .
<br /> Borrowar requesting paymant U�ereot. r ;
<br /> Uaan payment in full of all sums secured bythlaDeedof Trus�Lendershatl prompUy�efundto Bonowerany Fundshetd by
<br /> Lendor.Itundetparegraphl8hereotthePrope�tllissoldorthePropertfrfsoMenviseacquiredbyLender,lendershailepply, • � ����•',�"•
<br /> nolaterthanimmedletelyprlortothesaleofthaPraperryoritsac uisitionbyLendar.andFundshe�dbyLenderatthetimeof
<br /> . applicadon as a credtt agalnat the sums sacuresi by ihis Oeed ot�rust •
<br /> 3.ApplkaUon of Parm�nt�.U�less epplioable taw provides otherwise,all paymenis received by Lender under the Note
<br /> � • and paragrephe 1 and 2�hereof shall be appt�ed by Lender first fn payment of amounta payeble to Lender by Boaower under
<br /> paragraph 2 hereof,then to Interest payabla on theNote,then to the principal otthe Note,and then to interest and principai on y
<br /> , any Future Advencea �=-
<br /> ;,, 4. Char�N;U�s.Borrowersshaiipay all�xes.assessmenbandotherchargea,Nnesandimposfrionsattributebletothe �
<br /> Propert�r which may ettein a priodty over this Qeed ot T�uaR and leasehold payments or ground renta.if any,ln the manner , • ta�„�y`�
<br /> provided under paregraph 2 here��o�,if not�e�id in such manner,by 8arrower rnaking paymen�when due,diready to the � '•° �!
<br /> payae thereof.8orrower ehall promptly furn�s�. 'o Lender all notices ot amounts due under thia peragraph,and in the event
<br /> BoROwet shalt make payment directly,Bonower shatl promptly fumish ta tender receipta evidencing such paymenb. �;.
<br /> -_--_---_^-- �onower shaii Drompiiy dieei►erya aiy Ile�+�t,l:,n has pr:arity avsr sh��ot TrUSx psovldeQ.!ha!9onower ahell nat be -- _-
<br /> requiredtodischargeany suchllenaolongasBorrowerehallag�eeinwhtingtothepaymemoftheobiigedansecuredbysuch
<br /> Iien in 8 manner acceptable ta l.ender,or shall�n good laith contest such lien by,or defend entorcement of such Iien in,legal
<br /> • r; praceedings which operate to prmvent tho enfa�r.emer�of the Ilen or torfelture ot the Propany or any paR thereot. ,
<br /> S. Ma=ard Innuranc�.Bor►owar shall Icmap the improvementa now existlng or hereaiter erected on the Property Insured �
<br /> agafnst Iosa by rire,hasards included within the term"extended coverage",and such other hazarda as Lender may require ' �
<br /> ",; and In such amounisand tor such periods as L�nder maY require;provtded,that Lender shall�ot require that the amount of f�� ��• •
<br /> �.;; such coverage exceed that amount of covomge r�qufred to pay the sums secured by this Oeed ot Trusi .:�'� .
<br /> , Thisinsurancecwrrier rovidin theinsuranceshellbechosenby Borroweraubjecttoapprovalby Lender;provlded,that r�
<br /> �•� such approvet 6hal!not be unreasonably wfthheld.AII premiums on fnsurance policfea shalt be paid in the manner provided , �. �
<br /> under peragraph 2 hereot or,if not paid in such manner,by Borrower making payment,when due,directly to the insu►ence .
<br /> .. cattier. •
<br /> All insurance polioies and renewals thareof shali be in form acceptabie to Lender and shall include a standerd moKgage �. �
<br /> ' ' clause in favorot and in form acceptribto ta Lender.Lendershall have the rightto hold the polictesand renewalsthereofand �
<br /> � BorcowershailpromytlyturnishtoLenderailrenewalnottcesandallreceiptsotpaidpremwma.Intheeventofloss.8o►rower !
<br /> shailgivepromptnoUcetotheinaurancecarrierand�ender.lendermeymakeprootofloss�fnotmadepromptlybyBonower. I ;
<br /> �� UntessLende�andBorrowerotherwiaeagreeinwriling,insuranceproceedsshaiibeappiledtorestoratlonorrepafrotthe � � ,
<br /> '� ••. Property damaged.provtded such restcration or repan is economical�y feasible and the secunry ot thfs Oeed ot Trust is not �
<br /> ',:;'�� thereby impafred.If such restoration or re�air is not economlcally teasible or if the securlty of thfs Daed of Trust would be ,
<br /> ;��>=�� impaired.the insure�ce proceeds shall be eppUed to the suma secured by this Deed of Trust,with the excess.it any,pa�d to
<br /> �� Bonowe►.Ii the Property Is abandoned by 8orrower,or�t 8orrower fails to�espond to Lender within 30 days Irom the dete �
<br /> notice is maiied by Lender to Borrower that the msurance carner oHers to settle a claim tor insurance benefits,l.ender is ;
<br /> authOrized to colieCtBnd epply�f Tn gtanoe praceeds at Lender's option either to restoration ot repair of the Property or to ,
<br /> ;•.:t � the sums secured by this Dee ,
<br /> Unless Lenderand Bonowerotherwise egreem writing,any such appticatlon of proceeds to principal shall not extend or �-� .
<br /> ='�•�.�� ,. � postpone the due date ot the monthty Installments refer�ed to m paragraphs t and 2 hereot or change the amount of such �
<br /> Instsliments.lt under paragraph 18 hereot fha Prope►ry Is ecquired by tender,all�ight,title and Interest of Borrower fn and to
<br /> . y• � enyfnsurancepollciesendinandtothepraceedsthereofresultingtromdamagetothePropeAypriortothesaleoracquisftion :
<br /> shali pass to lender to the extent ot the sums secured by thts Deed of Trust immedtately prior to such sate or acquisirion.
<br /> �f; 8. Prettroatlar�aad IUatnten�ncs of Ptbp�riy;LenNrolds:Coedomintunu;Ptenned Unft Oevslopm�nb.Borrower ahail !
<br /> ' •.';���, keep the Properly in good repair and ehai9 not commitweate or perm�t impeitment ot detertorarion of the Property and shall �
<br /> ��� • ' comply wfththeprovisionsofanyteaseitlhisDeedofTrustls�naieasehotd.Itthls0eedotTrustfaonaunitinacondOmfnium
<br /> •�:;;,'�;'� or a planned unit developmec�4.8orrovrev ehali pe�farm all of Borcower's obligations under the declaretton or covenants
<br /> • •• crearing ot governing the condominium or pla�ned unit developtnent,the bylawa end regulatlons ot the candominium or
<br /> � ptanned unit development,snd constftuont documents.tt a condominium or planned unit development rider fs excuted by
<br /> , ;,�tix � Borrower and recorded togother with thia Oeed of�rust,the covenants end agreements ot such r(der shatl be incorpornted
<br /> , into and shall amend and supplement tho covenants and agreements ot this deed ot Trust as it the rider were a pa►t hereof.
<br /> • !�� 7, protactlaw of l.�ed�Ps S�euritp.If Bortower falls to pertorm the cove�ants and agreements conffiinad in this�eed of ,
<br /> T�uaL or If a�Y action or pro�oedfng Is corrnmenced wlth meterialty aNects lende�'s interest in the Praperty,fnc�uding but not
<br /> - limtted to,eminentdomaln,insolvency,codeentorcement,or errangementa or proceedings mvotving a bankrupt or decedent,
<br /> thon Lender at Lender's aprion,upon noticeto Borrowe�,may make such appearances,disburse such sums end take such
<br /> ' acdon fls is necossary to proteCt Lender's interest�ncluding,but�ot tlmlted to,dfsbureement ot reasonebte attomey'�teesand
<br /> �;;�. . , entry uponthePtoperlytomakerepairs.lf LenderrequiredmoRgage�nauranceasacondfrionofmakingtheloensecure0by
<br /> �,. ,,.,.. . � the Deed of Trust,Borrower shelt pay the premiums required to mainmin such inaurance in efteCt untit such time as the
<br /> ' �� �.�,::,;> � requirementforsuchlnsurenceterminatmsmaccordancewith8orrowePsandlender'aw�ttenegreementorappIfcalbelaw
<br /> ; -" �� 9orrower shall pey the amoun4o9 alt moRgag�inaurance permiums�n the manner prov�ded under paragraph 2 hereof.
<br /> ' _� Any amounts dlabur88d by lender pursuant to thls paragraph 7, with interest thereon, shall become additfonat
<br /> - i..ad.�.�QO nt pnnmuaraar_urwd bv th�s Deed ot Trust Untess Borrower and Lender a�reeto other terms of peymen�such
<br /> .• amounb shall be payable upon notice trnm Lender to Borrower requesting payment hereof,and shall bear mterest trom me
<br /> ��;• dateofdfsbursemeniattheratepayeblofromt�metot�meonoutstanding pnncipalundertheNoteuMesspaymentofinterest
<br /> '� � at such rete would be contrary to appllcabte Iaw.�n wh�ch event such amounts shall bear�nterest at the highest rate
<br /> ° petmissfb�e underapplicab�e Iew.Nothm�contamed m this paragraph 7 shal�req wre lender to tncur anyezpense ortakeany
<br /> ',4 �� , actlon hereunder.
<br /> � , B. tnfpeeUoa.lender may make or cause to be made reasonable entnes upon end mspections of the Property,provided
<br /> � that Lender shall give Borrower notiCe pnorto anysuch inapect�on apecdying reasonable causetheretore retated to Lender's
<br /> � interest in the P�opeAy.
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