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<br /> If 8orrower�ays Funds to I.ender,the Runda�h�U be heW in�n liatitutlan the depodu or accouab of wh#cA are
<br /> insured or guarantecst by a Fede��al ot slatc agency tincluding l.ender If Lender i�tach an initltutbn).Lcnder ahall apply �,Q
<br /> the Funde ta psy stld taces,rssessmenfe,itu�c�nce pnmiutns and�r�wnd eenU.LtnQer msy nat cbarge for ao haldi»s .�,
<br /> and applyirrd th�F�nds�andy=In�u�d�cconnt or verifyln�u�d compiUng satA esse:nrttnts�nd bflb,untess L�endar ���
<br /> p�y�Ebrrowet intarest on tfta Fm�ds and appllcitble law permtts Lender ta meke suth�t chtt�e:Borrower and Lender �
<br /> m�r��ree in wrttin��t ti�s time of axceution of thu Deed of Tcwt that iecttrest oa tho Fun�s ah�ll be ptld to Borrowar�
<br /> �nd unlas�ucb t�e�eement!s made or appllcabla I�w taquina Rueh interat to bs psid�Lander�hall nat b�raq�tieed
<br /> `""Y"`` to pay Dat�or.•�r at�y ie�tereat or cernln�a�the Rund�. bender�hdl gire to Bottow�r,wlthout cfiuQa.an annwd
<br /> accountin8�f the 8und�ihowln�crediri and debits tu!he Funai and the purpa�e tar whtch each deblt to the I�unOt wa
<br /> � m�de.The Fund�Rra pledQed a sdditiond�ercurity for the aum�seeund by this Oaod olTewt.
<br /> If the�mount of the Fund�held by Lender,to�ethor rvith the tlstum monthly IeaWlmena ot F�ndt payabk prior to
<br /> 5.!�„�;3 j� � the due data of t�xe�,usesaments,lmur�nce premluma�nd gmund reati,�hdi excecd the�mount e+equircd to p�y u+ld
<br /> ,��,�, } ¢aues,eu�seasment�.iesurance premlums anA atounA renta u thay fall due,�uch ezeas shdl be,at Boea►�ver's optton,
<br /> �•M either promptly rop�td to Borrower or ceedttcd to Ror[ower on monthly in:tallmenta of Fund�.If the amouat of the
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<br /> �,,�;; Fun�hetd by i.ender rhdi not be su�icient to psy t�es,assessmenti�inwranco pnraiums md ground renri Rs they fd
<br /> ' � � ctue.Botrowe+r shsll pay to Lender sny un�unt necessary to mske up the deScteacy ta oue or more pa�nnents as Lendu
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<br /> ,,,�R.�.�.�.,.,..::�• may rcquine.
<br /> ��''''"' "' � � UpoA payrnent in full of all sum:seeured by this Deed of Trust.Lendee shall pramptly refund W Borrowee any
<br /> .t.���;:.`_, .�'''�:s,.�.;'• Y P 8n ie cold orthe Pro isotherwlse ac ulted by
<br /> ,-r:i;,•.• ,;;.°•;,t.#,, Fuads�held b Lendar. If uader srs ph 17 hereofthe PropertY PartY 9
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<br /> •� .�. �„ �,�t�l„ Lender.l.endec ahall apply�no later thu�immcdistely prior to the sate of the Proporty or la acquWtion by Len ar.any
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<br /> �}: • .-._. k -:i,�• .�, FYutds field by Lcndcr at thc dmc af apgltcation es e snxlit against tha sun�s tecured by thfs Dad of Tcust.
<br /> �.,, : . - ° .i� �. Applicatton of py�m�b.Unlaas appllcsble law pmvides otherwise. dl psymeab e+eaived by Loader uadar
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<br /> ,: c` ' ° the Note and paragcaphs i aad 2 hereoi sh�li be applied 6y Leadxr ttrt ia psyment of amouab psy�ble W Lender by
<br /> " Borrower uader paragraph Z hereof.thea to intenest paytble oa the Note.and thea to the principal of the Note. � •�
<br /> ,�� .. . 4. Pebr Mort�a and Deed�oi Tenst�C6�r�at�• ���r shall perform all of Borrawa's obltgations .;,w�
<br /> � undee any mortgage,deed of trust or other sccurity agreemeat with a ilen whtch has pdority over this Drad of T'rust. � ''�
<br /> ° includiag Barrewer's covenenta to matce payments when due. Bo:e�owsr shall pay or esuse to be pdd ali tua.
<br /> ". � - ° assessments and ather chaegas,flnes and imposlttoas amibutable to the Property which may attain a priosity aver this
<br /> - Deed of Trust.and leasehold paymeats or ground rents.if any.
<br /> � g. Huard Tiunraaca.8onower shall kap the improvemeats now existing or hec�after emtal on the Peopeety
<br /> - insured agatnst loss by flee,hazards inciuded withln the terru"eMSaded coverage".and such other hazards as L+eader
<br /> — may rcguire and i�such amounts and for such periods as L.eader may require.
<br /> � 'I1�e jnsurancc carrier pmvlding thc iasuraace zhall be chosen by Bonower subject to apprrnni by Leader;proridai.
<br /> thAt such approval�shall not be unreasonably wtthheld.All lnsurance poHetes and reaewals 4hettof shall be in a form
<br /> � acceptable to Lender and shall include u standard mottgage clause in favor of and in a fonc�acceptabla to Lcnder. �
<br /> I.ender ahall have the dght to hoid the polictes and renewals thereof.subject to the tetms of any mortgage.deed of trust ..
<br /> or other secutity agreement with a liea whicb has pdority over this Deed af Trust.
<br /> In the event of loss.Borrower shall give pmmpt notice to the insurance carrler and Leader.Lendet may make proof
<br /> ,. of toss If not made promptly by Bonower.
<br /> -� If the Property is abandoned by Borrawer.or if Borcower fatla to�espond to I.ender within 30 days fcom the date „
<br /> notice is mailed by Lender to Borrower that the insuraace carrtet offers to settle a claim for insurance beneflts.Ltnder ia
<br /> . authorued to collect and apply the insurance proceMs at Lender's option either to restoration ar e�epair of the
<br /> Praperty or to the sums secured by this Deed of Truat.
<br /> 6. Pa�servaHon atd Matntenance oi ProPertl't Laiseboldq Coadominiamsi Planned LJntt De�eloputttnt�. Hor-
<br /> .� �� eower shall keep the Property in goad repair a�d shall not commit waste or permlt Impairment or deterloratlon of the
<br /> , Propeety aad shali comply with the provisions of any lease yf this•Deed of Trust is on a leasehold.If this De�of Trust is
<br /> ' • � oa a unit ia a condomin{um or n planned unit development,Borrower shall petform ap of Borrower's obligetions under
<br /> the dcclaration or covenants crenting or goveming the condominium or planned unit development,the by-taws and
<br /> " reguletio*_ts of the condominium or planned unit deveiopment,and constituent documents.
<br /> " 7. Peoteceion of Leader'�Sernrih• If Borrower fatls to perfortn the covenaats and agreements contained in this
<br /> Dad of Trust.or if any action or procecding is comrnenced which matedeUy affecte Lender's interest in the Pcoperty,
<br /> ��� „ then I.ender,at L.ender's option.upon notice to Bortower.may make such appearancea,disburse such sums.including
<br /> reesonable attarneys'fees,and take such action as is neassary to pmtect Lender's intecat.If Leader required mortgag�:
<br /> � " iasurance as a condition of making the loan secured by this Deed of Trust.Borrower shall pay the premiums required to
<br /> "� maintaln such insurance In effect until such Nme as the tequirement for auch Iasurance tecminates!n eccordaace with
<br /> • o Borrower's end Lcndee's written agreement or appllcable law.
<br /> • Any amounts disbursed by(.cndee pursuant to this paragraph 7. with interest theteon,at the Notc rate.shail
<br /> bccome addiNonai Indebtedness of Borrower seouced by thia Deed of Trust. Unless Borrower and Lender agree to
<br /> f , � � other ter�as of payment,such amounts sliall be payable upoa notice from Leader to Borrower tequesting peymeat
<br /> �• ° thereof.Nothing contairted in this pnragraph 7 shall requie+e Lender to incur any expenu or take any action Dereunder. I
<br /> . , . 8.lmpcctba.Lender may make or cauae to be made reasonable entries upon and inspectiom af the Property. �
<br /> ;, provided that Laader shal! give Borrower aotico prior to aay such inspection specit�tag reasonable cause therefor �
<br /> ; related to Lender's intenst in the Property. �
<br /> � . 9.Candemnallon.The proceeds of any aaard oc claim for demaga,direct or consequentiat.9n connection with I
<br /> ,g • any condemnadon or other taldng of the Property. or part theteof,or for conveyance in Iieu of condemnallon.an I
<br /> �� hereby�ssigned and aheil be paid to Lertder.subject to the terma of any mortgage,deed of trust gr othe�r�sesurity ageee• k
<br /> ��..UL.ti�..n.1.W.6.e w.In.if,r n.,..►hi.i]�r�nf Truat_ ���
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<br /> 10. 8arower Not Itefa�edi ��aeaace By Latder Not a Wtl�a. Extenaton of the time for payment or r
<br /> modiflcatton otamarti�ntion of the sums secured by thia Dad of Truat granted by Lender to any successor in interest of �
<br /> Hor[ower ahdi rtot operate to releue.in any manacr.the ItaMllty of the ortginei Borrower and Borrowee'a successoes in
<br /> . . itttet�est.I�ender shaU noi be requi[ed to co�nmence proctediag3 agait�st auch aacceasor or refuse to extend time for pay- �
<br /> �` � neent or otheivyise modify amortization of the aums secueed by thia Dud of Trust by nason of any dert�and made by the
<br /> � ', ` otigin�l6oiro�ver and Borrower'a sucoeaaors 1n interest•Aay forbesrance by Leader in exercising any right or remcdy
<br /> .. hersunder,or otherwise afforded by applicable law,shali not 6e a waivsr of or prectude the exeicise of any such right or �
<br /> ., tetnedy. �
<br /> 11. Sacoatois aad Aal� 8oaadi lolat md Se�eeal WbWt�rt Co�sip�ee�. T'he covenants and agreementa
<br /> hee+ein contalned sh�ll bind.snd the rightt hereunder ahali inure to.the reapecttve successors and asaigns of Leader und
<br /> �' Borraxes.iubject to the provisiona of pangraph 16 hereof.Aq covenenta and agrameats of Borrower shall be joint and �
<br /> ' � several.Any Borrower whu eo•signa this Ueed of Trust,but doea aot e�cecute the Note.(a)is co-signing this Deed of Trust .
<br /> ;, , ' only to gra�►t and convey that BocrowPr's intenst in the Pmpeity to Teustce under the terrs�s af this Dced of Trust,tb)is
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