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<br /> :;,,�,,� ,� UtVIF�i��CAVENA.NTB.8orrow�r end Londer covanant and aqree ae followe:
<br /> 1. Payna�l of PrinelpN aM! Int�t�tt. Bor�ower ehall promptly pay when dus the principal ot and intereet on the
<br /> "�`�" ��° indsDtednKS�vNNnc�dbytlt�MQw,p�pe� rntandlateahu�e��spravidedintheNote,andMeprincipalo}andint�rerion
<br /> � � M any Futuro Advanc�e Maur�d by ths�TrusL
<br /> °-;",,;.�.;..:„ a. F�.�terTern�artJlrts�±ra�eee.8ubecttonpglicnblrinurorroewNttenwaiverby�ender,9a►rowarshallpaytoLender _x.�.��
<br /> i;�:m:���;..°r;`•.�., onMedaymonthlyinnallm�r�bot p8ncipa�mdint�nst*repayabl�und�rth�Not�,unti11A�Notsl�p�idintutt,awm(huetn '� � °
<br /> ^ 'Funds')equat to ons-MrNith ot th�yMrq buas Rnd sss�ssm�nts whlah may att�in prlorlry over thls DsM of Trus1.and
<br /> s" ° •� � °•a ground�a�tsonth�Ptop�Ay.lf�ny.ptusone•twNttHof yeaAypnmiuminsttltmenteforhuardlnaurance,ptusone•twNfthof *��:%�'�
<br /> �,.�
<br /> , •�l ,{� yeariy pnmium Mafal msrns tor mor�p�s inaur�nce,i}anY.ait as reasnnabty eatimeted iNtlsliy and trom Nme to tims by � „r• ;- .
<br /> �: ' � "' I.ender on ths b�ds�ataetemsmf andbQb and raasonabls enimates th�nof.
<br /> F TheFundsatlellt�hNdinanfnsdtudonthedeposluaraccouMSOfwhioharAinsurodorgutranleed,byaFedmalorstate „ '' .,._,r�, ,•,r;"
<br /> age�cy(�notuding L�nde►it Lender ia euah an InaUtutia�).t„endsr eh�ll appty the funds to pay asid tanes,aswtcsments, . '
<br /> � � � insurancepramtwnaand��oundrents.Lende�maY notcharqsbrsohotdin�pandapptyl�ptheFunda,snalysinpsatdaccount • • :> ;. .
<br /> , �' orvetityingandcompilin�said�sse�amerneandbiils,unlessLanderpays8arrowerinte►e�tonthiFundsanda�pll _oabtsiew .. ,
<br /> �•; '' pe nnitsLrendertomaksnuahaohar�e.8orrawarandLendsrmsya�re�inwridngatthedmsotex�cutionofthisoeetlotlruat -^ .
<br /> thet Intproat on the Funds dhail bs paid to.Bo►rowK.and unleaa auah a reement!s made or a piicalbe taw requlrea euch
<br /> � interest to bs patd Lends�shall�ot be requtred to pey eorrower nny inte�roat or eamin a on the Fund�.Lender ehatt givs to • . .
<br /> ' Bonowe�,without ch� e,an annunt accounting of the Funds ehowinp credita end de�its to the Funda and Me purpoae for . • .
<br /> ' � whicheaehdebittothe�undswasmade.TheFundserepledgedasadditionaisecurirytorMesumssecuredbylhlsDeedot ��• •
<br /> ..
<br /> Truat ,.,; .•_.�
<br /> � "' If the amountof the Wnds held by Lender,toqe4he�with the futuro monthty instalime�ta of Funds payable prlorto ths due :•• • ..�:�•
<br /> � datsa of tax�s.asseaments.inaurartce premiuma and�round ronte,shaU sxceed the amount�equirad to pay eatd t�xos, � � '
<br /> � . aaso�monto.ir�erartte prmniums and groursd roMe ea!hey lall due.euch excese shc��l be,et 8orrowe►'e op8on.either '•�'.���•+�..
<br /> ' � prompUy ropaid to Borrower or a�dlted to Borrower on monN�ly insffiIt�enta of Funds.It the amount of the Funde heid bY � � i t,,�r-�:�-
<br /> , .�. LenderehallnotbeautfleieMtopsytsxes,aassaamente,inaurart1r.epromiumaandgroundrenteaatheyfalldue.Bortowerahell _ ,y,;�„�;��
<br /> pay to Lender anY amount neceasary to make up the deflciency within 30 daya from ttee date nodce is meited by Le�der to ,., ,
<br /> � , . eorrower requesting paymsnt thereot.
<br /> � UponpaymeMlnfultofa11sumaaecuredbyth1aDeedofTrusRLendershaltprompbyrefundto8orroweranyFundsheldby ;� ;; r_,.. . ,
<br /> Lender.Itunderparapraphl8hereoftheP►one�riaaoldortheProperriisotherwiseaequfredbyLender.Lenderehsflapp�r •• �.
<br /> • � nolaterManimmedietsiypelortathesaleoftl�epropertyorttaac uigitfonbyLender,andFundshetdbyLenderatlhetimeof
<br /> - appifcation as a credit agalnat the aums secured by thia Deed of�rust • :�,>. .
<br /> � 3. AppNcdton ot Pa��n�e�.U�Ieasappllceble law pravides otherwfae,ati payments recelved by Lender under the Note ^ ,. : ;�
<br /> and pa�g rapha 1 and 2Tereot ahati be epplled by Lender Nrst in payment of err�ouote payahle to Lender by Bonowet under . r
<br /> parag�ph2hereof.thentointerestpayableontheNote,thentotheprincipaloftheNote,endthentointerestandprincipalon � J�
<br /> any Fu4ure Advancea. �
<br /> 4. ��L,i�.Borrowerashallpayellt8xes,asaeasmenteendothetahargeaHnesandlmpositionsattributabtetothe , �'�' `•,.
<br /> Properly whlch mey atfatn e prlo�ty ovor this peed of Truat,an�leaaehold payments or ground rents,if any,in the manner ., •• •.
<br /> — grovtded under gara�rapP►2 hereoi or.M not Qalaf in sucb manrter,by Borrower maktng payment,when due,direatiy to the •:, a
<br /> payee enereot 8orrower shal�promp fumish to I.ender all�obcea of amounta due under this paragrapn,and�n the eve�rt :,.��.
<br /> Bomower eha{I makep�ymeM direa�Uy,Bonawer ahall prompby fumish to Lertder�eceipm evtdencing suah payments. �
<br /> Bortower alt ro diachs e aa tien whlah haa rio over Mis Deed o4 TrusQ provided.
<br /> that Borrower a6a11 not be
<br /> sh p mA�!► r8 Y P ►n!� :
<br /> . requiredtodischs�sanys�ucblfensolongasBoROwerahatlagreeinw►ftlngrothepaymentoHheabiigadanseauredbysuch . .,
<br /> ' lien in a manneraaceptable to lertder,w shef)ia good taith contest such tlen by,or defeed antoicement of such ilen in,Iega1 . I s;. •
<br /> proceedinga which operate to prevem the entoraernent of the Nen or tarfelture ot the Property or any part the►eot , 3
<br /> • .: S. Hamd Usur�n�.Borrower ahall keep the improvemente�ow exiating or hereatter ereated on the Property inaur e d � ' f
<br /> againat loss by flre.hesatda inaluded within the term"extended coverege",and suoh other hazards as Lende�may requt�e • . a;f .
<br /> �� . '
<br /> � �r<,,.�� and in eucb emou�b and tor auch perloda ea Lertder mafr require•provlded,that lender shall not requfre that the amount ot .
<br /> .��°�C���i+�• such coverego exceed Mat amount of coveragereq ui r e d to pay the euma seou r e d by t h i.a Q e e d o t Trus t �,. � ��
<br /> ' �`' Thisinaurancecanterprovidingthefnaurancea6etibechosenbY 8orroweraub�eattoapDrovalbY Lender.provided,that ��• �„��i,�.�
<br /> sucA approval ehall not b0 unroasonably wNhhetd.Ail promiuma on insurance poQciea shall be paid in the manner provtded ,;
<br /> '" undet pa►agrepA 2 hereof or.it not paid in nuch manner.by Borrower meking paymen�when due,directiy to the Insurance '
<br /> CeMet . . ..,i
<br /> All ineurance policlea and rer�ewatsthereof aball be in to�m acaeptabie to Lender e�d shalt include e standard moRgage ,, �
<br /> � clauaeinfavorotendinfonnaecepbabletoLender.Lendershatihavetherlghttohoidthe pollclesandrenewalothereof,and . , ���;
<br /> � " Borrowerahallpromp1ty tumiahtoLenderallrenewatnoticesendeltreceipbofpaidpremiumal�theeventotio�a.8onower •, ,
<br /> � shailgivepromptno�ceWtheinaurancecaMerandLende►.Lendermaymakeproofo}IosslfnotmadepromptlybyBoaower. : ;�,�.-
<br /> �� Unleaslenderend8otroweroihetwiseagreeinw�idng,insurartceproceedashaliboapptiedtore9toradonorrepairofthe ,
<br /> � � Property damaged.provided such resro►arion or�epalr is ecortomicaiiy teaaible and the aeaurity of this Oeed ot Trust ia not ,
<br /> theroby impaired.if euoh resWraUon or repair is not economtcelly feaaible or it the securiry of t1�fs Oeed ot Truat woutd be
<br /> . impaired,the insurance proceecia shall be appliod to the aums seaured by this Deed ot Trust with the excess.N any.pald to
<br /> 8orrower.lt Me PropeAy ia abandoned by 8onow,er,or it Borrower tafls to respond to Lender within 30 day�from Me date ��, �
<br /> - notice ie mailed by Lender to 8onower that the i�surance cerrier ofte►s to setde a ctalm tor insurance benefita Lender is ,,,
<br /> � �� authOtized t0 Collectandepply the inaurance proceeds et Lender's Option either to reatoretion or repeir ot the Properry or to
<br /> " the Euma aeaured by thb Dead Ot Trust •
<br /> UnleasLenderendBorroweroU�erwfsesgreeinwridngany sacheppNcadonofprocee�atoprinclpaishailnotextendor ' �
<br /> , u .. � po�o ne the due date of the mornhly InaffiIlmenta referrea to ln paragrapha 1 and 2 hereof or chango the emount of such �
<br /> . ni statimenta 1t under peragraph 18 hereof the Property is acquired by Lender,a��rtqht,title and interest ot Borrower in end to I �
<br /> � � . anyinaurancepoltciesendinendtotheproceedsthereotresuldnghomdea�getothePrape�typdortothesaleoracqulaition
<br /> :� shall pasa to Lender to the extant of the sums secured by thls Deed of T►uat immedfetely prior to such sale or acquisidon. ;
<br /> ' . 8. P►�atbnandMaht�ae�otProp�A�;L�asehotds;Condanlntums;Plann�dUnHQ�voiopnNnb.Bor►owershalt �
<br /> . keep the Pro�erty in good repair and ahall not commk waate or pe►mit impairment ot deterlorarion ot the PtopeAy end ahall ,
<br /> �� comply withtheprovisionaotany0emseltthia0eadofTroatisonaleasehotd.ItthisDeedofT►u8tisonaunftinacondominium ; �
<br /> ' or a pIanned unit derelopmern.8urrower ehatl pertorm ail of 8orrower's obligations undcr the dectaretfon or covenenta �
<br /> , creaUrtg or govemin�4he condominium or ptanned unit devetopmerit.Me by-tawa and reguiations of the condominlum or i
<br /> plaened unit devetopmeM,and consmuentdocumeMa If a cortdominium or pienned unit developme�t rfder is excuted by �
<br /> � � Borrower and tecotded tOgether with this Oeed of Trust,the covenants and agreements ot such rider shall be incorparated ;
<br /> • � into and ahalt amend and euppiementthe covenants and agreema�te of this Oeed of Trust aa if the►ider were a part heraaf. I
<br /> �- 7. P�oUclion of���dK's S�cur3ly.If Borrower feita to perfarm the covenants and agreemeMa contairted i�thia Oeed ot ,
<br /> . •� TrusL or if anyectlon or proceeding i�commenced with materiaily aifeots LendePe interest in the P�operiy,tnctuding but not �
<br /> ; • timitedto,eminentdomain,insolvency,codeentoreoment,orarceregemenborproceedingalnvolvingebankruptordeceden�
<br /> the�lender et Lende►'s optton,upon notice to Borcower,may make auch appea►encea dis�u►se such sums and take such
<br /> � ectlonaslartecessarytoprotectlender'siMerest,inctuding,butnotiimitedto.disbursementotreasonable�4tomey'sfeesand
<br /> 4 " entry uponthePropertytomakerepafre.IflertderrequiredmoRgagefnsu►anceasecondirianotmakingtheioansecuredby ,
<br /> Me Deed of T�usL Borrowet shall pay the premiums required to mainffiin such insurance tn etteCt until such tlme as the
<br /> requirement toreuch inaurance terminetesin accordaneewith BorrowePsand Lertder's wdtten a�eement or ap�ifcatbe taw.
<br /> � :
<br /> tfOTf�Ymf Sf1811pa�r iRQ elftOURt�f eii mofigB�E iflsUfaTi4�pOtttiiuti�if in u�e�natu�oi Ntvi�v6�i v.tro.po.ay.ap...�.......... �-.—.--. _... -
<br /> An amounffi disbufaed by lender pursuant to thfspa ragreph 7, wlth interest thereon, shall become addtdonai
<br /> � ' indebtyedoeasofBorrowersecuredbythis0eedotTrus4.U�lesaBorrowerandLenderegroetoolherte►msotpaymentsuch
<br /> amaunis shali be pa�Iable apon�oticetrom Lender to 8orrower reqaBSSng paYment hereot,and shall bear�nterest from the �
<br /> �• � V � dateofdtaburaementattherate a WehomtlmetoUmeonoutatertdtrt principalundertheNoteuntesspaymentofinterest
<br /> at such ret0 woutd be contrary t�ep llcaQle taw.in which event such amounta shall bea►�nterest at the higheat rate
<br /> permissibte undereppiicablelaw.No2hPne�contained fn this paregraph 7 ahatl requ�re�enderto fncuranyexpsnseor take any
<br /> acUon hereunde►.
<br /> a. (nt�cltaf.Lender m8y cnake or cause to be made reasonable entnes upon and�nspect�ons et the Properry provided
<br /> ' ,. thStLendBTah&Ilgiv88orrowernoriceptiortoanysuchinspecuonapscHyingre8sonablecausetheretorereletedfoLender's
<br /> interest in tho Property. �
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