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<br /> UNIFQRM CqV�NANTS.Borrowor end lender covenant and agree ns fouows: 'r
<br /> ' 1. P�ymsnt a1 b�rinclpYl end lntsn�t. Borrower shall pramptly pay whon due the pnncipul of and interest on the �}'''�`�=
<br /> �ndflbtqclnpas ovidonr,ad by thu Noto,prepaym�nt end lat�charges as prov�ded in tho Noto,end the pnncipal of and intorest on . ,
<br /> any Futuro Advancos secured by the Doad ot Trust. 1
<br /> Z. Fund�fo►T�u�e and(e�tu►anc�.Subfect to eppltcablo law or to e written waiver by L�ndor,8orrower sheli pay to i.ender
<br /> on the dny monthly installments o1 principal and intprost aru payabfe undar tho Noto,untd theNote is peid In full,e sum�herein � ��,'
<br /> "Fund�")oqual to one-tweifih ot tha yearry taxes end essessmonts wiuch m�y ottnin pnority avor thts DCCd ot Tru��nnd
<br /> � .� ground rents on the Property,if any,plus one-twelflh otyearly premium irstallmontslor haserd�naurance.plu�one-fweltth of
<br /> yeorly promium mstallments for mortgage�nsurence,if any,ell a9 reaaonably estimrated Initiaily and from time to time by � �:�
<br /> Lender on the basis of Qesessments nnd bills nnd renaonable estimntes thereot.
<br /> Tho Fundsshell be held in en institutlon the de�posits oreccounts of which are insured orgueranteed,by a Fedaral or etate �`
<br /> agency lincluding l,ondor if Lender is such an institution►. Lendor shail epply the funds to pey said taxes,a�sesaments, • +
<br /> in8uranceprpmiumsAndgruundrents Lendermay�otcharge}orsoholdingandapplymgtheFunds.anelyzingsaidaccount ,�,
<br /> or veritying und compiling said assessment3 and bills,unles3 Lander pays Borrowerintereston the Funds and appliceble low �
<br /> ,� permits Londerto make such a charge.Borrower end Lender may agree in wribng atthe timeof vxecution of thfs Deed of Trust • •
<br /> thet interest on the funds shall be paid to Borrower,and unless such egreament is mude or appticalbe law requiros such
<br /> interest to bo pAfd.Lender shell not be reqwred to pay Borrower nny interest or earninga on the Funds.Lendor shall glwe to � � � •
<br /> Borrowe►,without chargo,an ennual accounting ot the Funds showing credits end debits to the Funds and the purpose for
<br /> which each debit to the Funds was made.The Fundsare pledgod as additional security forthe sums secured by this Dsed ot .
<br /> Trust , '
<br /> I1 the omount of the funds held by Lender,togother with the tuture monthly installments af Funds payablo prior to the due
<br /> dates of taxes,essessments,insurance premiums and ground rents,shell exceed the amount requfrod to pay eald taxes. _
<br /> assessments.insurance premiums and ground rents as they fall due,such excess shall be,at Borro�rer's option,either ,�
<br /> promptly repeid to Borrower or credited to Borrower on monthly lnstallments of Funds.If the omount ot the�unds held 4y
<br /> Lendershallnotbesufficlenttapaytaxes,assessments,insurancepremiumsandgrou�drentsastheytailclue.Barrowsrahall • • , „__
<br /> pay to Lender any amount necessary to make up the deficiency within 30 days irom the date notice is mailed by Lunder to
<br /> Borrower requestfng payment thoreof. , '��
<br /> Upon pt►yment in tull of�all sums secured by this Qeed of Trust.Londer shall prornptly refund to Borrower any Funds held by . _
<br /> Lender.If under paragraph 18 hereof the Properhr is sold or the PropertY is otherw�se acquiiBd by Lender,Lender shall apply. ' ~.
<br /> nolaterthenimmedlatelypriortothosaleofthepropertyoritsacqu�s�t(onbyLendcr,andFundsheldbyLenderatthetlmeot , �� ._
<br /> appltcation es a credit against the sums secured by th�s Deed af Trust. �:
<br /> 3. Appllc�tlo�ot Peym�nU.Unless applicable law provides otherwise,all payments received by Londer ue�dor the Note .�,s x.+.
<br /> and paragraphs 1 and 2 hereof shall be applied by Lender first in payment ot amounts payabie to Lender by Borrowor under ,�;r
<br /> paragreph 2 hereof,thento interest payablo on the Note,then to the pnncipal ol the Note,and then to interestand pnnaipal on • �;;;�`
<br /> }.: �.;
<br /> any Future Advences. " r���::.
<br /> 4. Charq�s;U�n�.Oorrowers shall pay ell taxes,assessments and other cherges,fines and impoa�tions attNbuteble to the �,�' : --
<br /> Properly whfch may attain a prionty over this Deed of Trust,and leasehold payrnents or ground rents,it any,in the mannor ,/ �
<br /> provided under peragraph 2 hereof or,if not�aid in such manner,by 8orrower rnaking payment,when due,directly to the `.-- :
<br /> payee thereot.Borrower shall promptly furm5�.'o Lender ell notices o4 amounts due underH�ia paragraph,end in the event _ �I��
<br /> 8orrower snaii maicn paymani uiibutiy, ouiiuwrii 5i8i1 yit'iiRj3i�y�:::r:�~!L`LC^dSf !£��7(!S°8:'!L�8!!�!ll�3 9!!�h ¢8�l1°ltL4.
<br /> £ -`-r'-'`-- '
<br /> Borrower shall promQtly discharge any lian whieh has pnority over this Deed ot Trus4:provided,that Borrower shelf not be I :?�'�'`? •
<br /> requfredtodischargeany suchliensolongasBorrowershallagreeinwritingtothepaymen4oftheobflgetionsocuredbysuch
<br /> lien in a manner ecceptable to Lender,or�hall m good faith contest auch lien by,or defend enforcement of such lien in,legsl
<br /> . proCeedfngs whl�h operete to prevent the enforc:ement of the lien or toAeiture of the Property or any part thereof. �,, - �
<br /> S. H�zatd Insu�anc�.Borrower sf�ell keep fhe improvements now existing or hereafter erected on the Properry inaured
<br /> • ' against loss by fire,hazerds included within the term"extended coverage",and such other hazsrds ea Lender may reqwre �
<br /> and in such amounts and for such penods as Lender may require;provided,thet lender shelt not require that the emount of � •
<br /> such coverage exceed that amount of coverage required to pay the suma secured by this Qeed of Trust. � �,
<br /> Thle insurencecerner providing the insurance shall be chos�n by Borrower sub�ect to approval by Lendar:provided,thet i .
<br /> suCh epprovel shall not bo unreasonably withheld.All premwms on insurence policies shall bd paid m the manner provided �
<br /> under paragraph 2 heroof or,it not paid in such manner,by Borrower meking payment,when due,directly to the insurance ' '�s �
<br /> carAllrinsurance policies end renewals thereof shall be in fqrm acceptablo to Lender and shall include a standerd mortgage I • � ';
<br /> Clauso in}avor of and in form acceptable to Lender.Lender shall have the nght to hold the policiea and renewels thereof,end :..
<br /> Borrower sltall promptlyfurnish to Lender all renewal notices and all receipts of paid promwms.In the eventot loss.8orrower
<br /> shall give promptnoticeto the�nsurance carner end Lender.Lender may makeprool of loss�f not made promptly by Borrower. � � ��,�;�,�
<br /> Unless Lender And Borrower otherwise agroe in wnting,msurance procoeds shell beapplied to restoratlon or repair of the � ...�- .�
<br /> Property damuged,provided such restoration or repa�r is economically leasibte and the secunty of thls Deed of Trust is not ,
<br /> thereby impaired.If suCh restor8tion or repair is not economically feasiblo ar it the seCUnty of this Deed of Trust would be � • -
<br /> impaired,the msurance proceads shall be applied to the sums secured by this Deed ot Trust,with the excess,if any,paid to �
<br /> Borrower.If the Property is abandoned by Borrower,or d Borrower fails to respond to Lerder withfn 30 days from the date . �,
<br /> notice is mailad by Lender to Borrower that the insurance carner oNers to senle a cla�m for msurance benefits.Lender is � � .�',�j
<br /> auihorized to ColleCt end flpply the insurance proceeds at Lender's option either to restoranon or repau af the P►operty or to . �,3�•
<br /> the sums secured by thls Deed of Trust. '� �
<br /> Unless Lendar end Borrower otherwise agreQ in writing,any such appl�cation of proceeds to pnncipal shall nat extend or ' ��
<br /> postpone the due date ot the monthly mstallments referred to m paragrephs 1 and 2 hereof or change the omount ot such -• y'
<br /> mstellments.If under paragraph 18 hereof,he Property is acqwred by Lender,ali nght,title end interest of Borrower in and to •;,., ��
<br /> any Insurance pollcies end in and to the proceeds thoreot resulting from damage tothe Proporty priorto tho sele or acqwsition . . •
<br /> shall pass to Lender to tho extent of the sums secured by th�s Deed of Trust�mmedietely pnor to suCh sale or acquisitfon. •
<br /> 6. PreservationandMalntenenceofProperty;Leaseholds;Condominiums;PlmnedUnHOevelopm�nt�.8orroworshall
<br /> keop the Property In gooc9 sepair and shall not commit waste or perm�t impairment of detenoration of the Property and shall ��•
<br /> complywith the provisions of any lease if thls Deed of Trust is on a leasehold.Itthis Doed o(Trust is on A unit m a condominwm ,
<br /> or a planned unit development, Borrower shall pertorm all of Borrower's abllgations under lhe declaration or covenants
<br /> creatlng or governmg the condommium or pinnned unit development.the by-laws and reguleti0ns ot the Condominium or a
<br /> plenned unit development,and constituont documents.If a condummium or planned umt development ridctr Is excuted by
<br /> Borrowor and recorded togother with this Deed of Trust,the covenants end ugreemonts ot such nder shell be mcorpornted ' ,`�
<br /> into end shell amend and supplement the Covenants and agreements ol this Deed of Trustus if the rider were a part hereof.
<br /> 7. Prote�tlon ot Lender'e S�curfty.I(Borrowvr fglls to pertorm tho covenants end agrenments contained in this Deed of t
<br /> Trust,or H any actlon or proceeding is commenced with materially alSects Lender's interestin the Properry,mcluding but not �
<br /> limlted to,ominontdomain,msolvency.code enforcemenl,or errongements or proCeedings invalving a benkrupt or deCedent,
<br /> then Lender at Lender's optian,upon notice to 8orrower.may make such appearances,disburse such 3ums end take such �
<br /> actlonesisnecessarytop�otectLender'sinterest,including,butnotlim�tedto.di9bursomentotreasonebleattorney'sff�esand
<br /> entry upon the Propertyto make repairs.If Lender reqwred mortg�ge insuranco asa condition o1 mnk�ng the loan secured by ' '
<br /> � the Deed of Trus�Borro�ver shall pay tho premiurns reqwred to meintain such msuranCe in etteCt until such time as the '. ,
<br /> roqufrementforsuchfnsurencetermmetesinaccordencaw�fhBorrowor'sandLender'swnttenagreementorappUcelbelaw � .
<br /> Borrower shell pay the amount ot all mortgage msurenCe permwms�n the manner prov�ded under peregraph 2 hereot.
<br /> . Anu umrn�nta �I�ahurcarl hv 1 wndc�� Ou►8uAI11 (O thlS naraaraoh 7. with interest thereon. shall become addiUOnal _ _
<br /> indobtedness ot[3orrower secured by this Deed of Trust.Unloss�orro�ver and Lender agree to other terms of payment,sucn -
<br /> amounts shall be peyablp upon notico from Londer to Borrowor requesting payment hereol,and chall benr intorost from the
<br /> date of disbursement atthe rete payablefrom time to timeon outstand�ng pnncipaluntlar tho Noto unless ptlymant of interest
<br /> at such rato would be contrery to applicable law.in which event such amounls Shall bear inter@91 at the highe5t rate �;
<br /> pormissible under applicable lew.Noth�ng contnined�n this paragrapn 7 shall reqwre Lenderto incur any exponse or tnke any
<br /> action hereundor.
<br /> � 8. Inspectfon.Lender may make ar Cause to be made rc�asonable entnes upon and inspections of the Property,prov�dod '
<br /> that Lender shall grve 8orrqwer notice prior to any such inspechon SUeC�tying r cta sonable cnuso therolore rel;�tod to Lendor's
<br /> mterost in the Proporty
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