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<br /> ` �= � ?. Fu�nds tor 7e�c�a and Insurc�nce.;3�bJae�to a�aplicable law or a wrltte�w�f�er h}v LAnder,8orraw�r shal!p�y _
<br /> , tn Lr.fic��r�on tho c9ny e�zonllNy poyr��ont3 oP�irinc���c�l a��tl In�arast ar���ayai�fo uiidar 4itin i��la2a,u���ll ti�:�1��:�ls t;:::c3 I�i �.:_ .°-,
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<br />;;.�•�.: ,. ..� .;_: ptanneclueiitdovolop�i�ontr�ssessniont�,iPa�r�y)whlchr��yaitalr��PiaFliyc,r�Ni�ia�3:r:ci�flF��si,r.,�ub��ioze�uir;,�d;o�i �,�,� .';t
<br />-�'=��-:��. . •�;�-��= • th�a Pro�erty,iP any,plus one•twatftfi of yaarty promtum tnslnNmont�t�r Nazar�i Innurance,plus anQ-lweifih ot y�arly
<br /> �`-°��-�•:.,;���� pre�nium Insteltmontc for rnnrtgaga(nsur�nee,If ai�y,all es reasonably astimat�d initlallyand t�nrn tlme to Umeby t.ender _.
<br /> _-.::�Y�;�a�'4w'�f:j��� nnthebaslsofassesaments�ndblllsandreasonabteestimateathereaf.g�►rowerehallnotbe4bliqatedtt�meksa�uch _
<br /> °' __.�;'_�,; :.�:�.,,� paym�nt��f F�nd�tn I.endAr to tho exten4 thEt qorrower makes euc0�pnymente to the holder af a�rlor rnortgnge or
<br /> --- �.;" deed of trust fi such holder le en Instltutlonel I�nder.
<br /> ;�'•"'- `� `��� If Borrower paya Funds to i.ender,the Funds ehall be iretd in An inatitutlnn the deposlts or accounte ot vrhlch ero
<br /> -"v=� �.;� '` �nsured or fluArantead by a Federal or statA agency(Including l.sndar ff t�ndor Is such an Inst(tution).L.endar�hal1
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<br /> -�r:?. :;?,.<��. - applythe Funcls to pr�y�ald tsxes,eosessmonts,insurance premiums and ground renfs.Lender may not ch�rge Mr
<br /> �'�-_:��.;�;���r;^,;i;., :��. so holdinc�and epptylnc�tho Funds,analyzlny safd sccount orverltying and comptAng salcl assessments and bllls,unleae —
<br /> : �.�v �,�.+,,`tq.: Lender pays BorrowAr interest on the Funds and applicabte law permit�l.ender to make auch a charge,Brxrower end `_ _
<br /> _.�;�;..s. �.,.•,;,�... •�,: Lender may ayree In writing at the tlme of executlon of this Dead of nust that lnterest on the�unds shail be priid�
<br />'�"`�'�`::. ' =,.'•,�� � 8orrawer,and untess such ag�eement Is made or applicabte law requlres such(nierest to be pald, I.ender shall not
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<br /> be requlred to pay BorruwQr any int�erestor earninga on the Funda.Lender shali give to�r�ower,wttho�tcharge,an
<br /> `;�;''��,r,., �. '�.;f.:.�, annual accountingof the Funds shawing credlts and dablts to the Funds and the purp�se for which each de61t to the
<br /> "�� "'��'•� ���•�;:`� ~ Funds was�ne.de.The Funds are pledged as additional securlty for tha sums socured by thls Dsed o}Trust.
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<br /> �=n�;�••. �; -� � Ii tha amount of the Funds held by Lender,4ogether wlth the tuture monthly Installments of Funds payable prior
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<br />-��-,�_� ' ' fn tHa duv dates Gf taxe�,asse,�:.ment�,Insurence premlums�nci ground rents,shall ex�.eed the asnount requirod to _
<br /> ��r::: .,. � � paysafdtaxes,assessments,lnsurancepremlumsandgroundrentsastheyfallduo,suchexcessshaltbe,at9onr�v�er's
<br /> •� � � optlon,efther promptly repald to Borrower or credited to Borrower on monthly Instaliments of Funds.Itthe amount af
<br /> the Funds held by Lendershatl not 6e suificlent to paytaxes,assessments,lnsurance premlums and ground rents as
<br />`�-�r�'� .•;�`t,`,;��� � theyfallduo,BorrowerahallpaytoLer�deranyamountnecessarytomakeupthedeflcfe�icyfnoneormorepayments
<br /> '' �r`t{''�t as Lendor may require. �'
<br /> ``�� � ''t�� Upon paymont in full of all sumssecured by thls Deed of Trust,Lender shall promptly refund to Borrower�ny Funds
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<br /> .;::�� , held by Lender.lf undor paragraph 17 hereof the Property Is sold or the Properry is otherw(se acquf�ed by Lender,Lender
<br /> shall apply,no le.ter Yhan Immedfately prlor to the�ale of tho ProNeriy or its acqulsi4ion by Lender,any Funds held by
<br /> '. Lertder at the tlme of applicatlon as a cradit aga6nst the sums secured by this Oeed of'tFust.
<br /> . � ` 3. Appllaatlon of PaymeMa.Unless appllcable law provides otherwlse,all payments received by Lender under
<br /> _:, ;, , . it�a rlai��rsd�S°regraphs! a�d 2 harwnt ahall be apnlled by Lender first In Payment ot amuunts�.+ayable to Lender by
<br /> ,, Dorrower under paragraph 2 hereof,then to int�rest payable on tha Nate,and then to the princlpaU of the Note.
<br /> � 4. Prlor Mortgages and Deeds otYYust;Chargea;Llena.8orrawer shall perform all of Borrt�vlor'sobllgatlons
<br /> " under any mortgage,deed of trust or other security agreement wlth a Uen which has prlority over this Deed af Trust,
<br /> � ,��� including Bor�ower's covdnants to make payments when due. Borrawer shall pay or cause to ba pald all taxes, _
<br /> assessments and other charges,fines and lmposltlons attributable to the Property whlch may attaln a priority over thls
<br /> Deed of Trust,and leasehold payments or ground rents,It any. _
<br /> ' � S. Hazard Insurance.Borrower shall keep the Improvements now existing or hereafter erecteti on the Property
<br /> , , � Insured ag�lnst loss by ilre,hazards Included withfn the term"extended coverage",end suGh other hazards as Lender �''-�
<br /> �• � may require and In sueh amount�and for such p�riods as Ler+der may require. _
<br /> � " The insurance carrier provldfr�g the Insurance shall by chosen by Borrowar subJect to approval by Lender;provlded, �',�i�•
<br /> =�.. . that such approval shall not be unreasonably wlthheld.All Insurance pollcles and renewals thereof sha!!be In[�form �>l�-
<br /> ' ' � acceptable to I.ender and shall Include astandard mortgage clause in favor of and In a form acceptabie Yo Lender.Lender a,.�
<br /> - " shall have the right to hold the poticles and renewals thereof,subject to the terms of any mortgage,deEd of truaS or �•.°�
<br /> �. �� . �,{, other securlty agreement wlth e Ifen whlch has pNorlty over thls Daed of ltust, ,_
<br /> In the ovent of loss,Borrowor shall glve prompt notico to the Insuranco carrler and Lender.Lender may make proot t_ �,�
<br /> • � of loss if not made promptly by Borrower. �-�'�
<br />`�-' If the Property is abandoned by Borrower,or if Borrower talls to respand to Lender withln 30 days from the dAte `�`�
<br /> ` notice Is malled by Londer to Borrowor that the Insurance carrier offers to sattle a clalm tor insuranae benefits,Lender �
<br />= � � Is autl�orazed to collect and apply the Insurance proceeds at Lender's optton eltherto restoration or repalrcrlthe Property
<br /> "" or ta the sums secured by thfs Deed of Trust.
<br /> ��. 6. Preservatlon and Meintenance of Pro�eMy;Leaseholds;Condominlurna;Planned Unit Developmenta.
<br />-- Borrower shall keep the Property in gaod repair and shall not commit waste or parmlt impalrrr�ent or deterioratlon of
<br /> ;°����� the Property and shall compty wlth the provlaions of any lease If this Dsed of Trust Is on a leasehold.If this Deed of
<br /> - - " Trust is on a un(t In a condomf nlurr�or a planned unit development,Borrower shall perform all of Borrower's obligations
<br /> '.. +,,;`r� underthe declaratinn orcovenants creating or governing the condominfum or plannod unit development,the by-laws I
<br /> _ � � and regulattons of the condominfum or planned unit development,and constltuent documents. I
<br /> •., �` 7. Protectlan of Lender's Securlty. If Borrower fails to perform the covenants and sgreoments contained in thls �
<br /> - � ' Desd ot Trust,or If any actlon or proceedf ng is commenced whlch rnaterially atfects Lender's Inter�st In the Property, �
<br /> ; �: � then Lender,at Londer'soptlon,upon noticeto Borrower,may make such appearancos,disburso such sums,i�►cluding i
<br /> . '�y�,,', I
<br /> �•�;,�.;•,; roasonable attomeys'fees,and takesuch action as is necessary to protect Lender's i�►toresi.It Lender requ ired mortgage
<br />`_�°� � fnsurance as a conditlon of making the loan secured by this Deed of Trust,6orrower shall pay the premiums required �
<br />- to malnta�n s�ch InsuranGe In effect until such time as the roqulrement for such Insurance terminates in accordance
<br /> ., .
<br /> � r� � with Borrowor'�and Lender's written agreement or appllcable law. • • �
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<br /> _ __ __ _ _ __,__:,,_ Anv amounts disbursed by Lender pursuant to thls patagraph 7,wfth interestthereon,at the Note rate.shell becomo �_
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<br /> additional Indobtedness of Borrower secured by thls Deed of Trust.Unless Borrower and LenGer agree to otnerterms l
<br /> -= � ' of paymsnt,suchamounts shatt be pr�yable upon notice irom Lender to Borrower requesting paymontthereof.Nothfng I
<br /> � contalno�i In thls paragreph 7 shall r9quire Lender to incur any expense or take any action hereunder. �
<br /> 8. Inspectton.Lender mt�y make or cause to be made roasonable ontries upan and Inspectionsof the Property, �
<br />'�� . � � providod that Lendor shall give Borrowornotice priorto any such fnspect[on specifying reasonable causethorofor rolatod �
<br /> to Londer's interest In the Property. I
<br /> '� 9. Condemnatlon.The proceedoof any award or clafm for damages,diroct or consequential.in cannectfon with i
<br /> • " , any condemnatlon or other takiny ot the Property,or part thereat,or tor conveyance In Ifeu of condemnatfon,are hAreby
<br /> � . asslgned and shalt be paid to Lender,subject to the terms of any mortgago,deed ot trust or oth�r security agreement � •
<br /> :� � with A Iten whfch has priorlty aver tltis Deed ot Trust. ;'
<br /> F 10. 8orrower Not Released; Forbearance By Lendar Not a Walver.Extension of the tirne for payment or ,
<br /> '� � _ • modillcation of amortfzatfon of the sums secured by thfs Deed of Trust granted by Lender to any successor In Intc�rest �
<br /> : ; .. ' ot�orrawer shell notoperate to releasv,In any manner,the Ifabflfty of the original Borrower and Borrower's successors t
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