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<br /> UNIfORM COVENANTS.0orrower ond Lender covenont and eqroe oe follows: . y
<br /> 1. P�ym�n1�t NdnclpR! md Intsr�st. 8orrower shnli prompily pny whon dua tho �nnc�pol ol nnd mtorost on �no ' r�
<br /> indobtt�dnessev�denCedbytheNote.prepaymAntondlntpchargos[faprovidodinth�NOto.r�ndthppnnr,ipoloiandintereston
<br /> any Futuro Advcncea�eCUred by the Deed af Trus�. � �,�'1
<br /> 2. Fund�(arTwr.e�ar�d I��urertc�.Subloctto�pplicnblo law or to u wrilton wnivor by Landor.B�rro�vor snau pny to Londor
<br /> on the dey rnonthly inatallmenta ol principal end mteresi ere peyeble under Ii�e Note,unfd Ihe Note�s pe�d�n lull,a eum(►iere�n �
<br /> "Funds")oquAl to one•twelfth of the yearly texes end oseesementa whlch may atteln pnority ave►thla Deed ol Yruat,end ,.",{ �
<br /> . c�round rente on the PropeRy,ileny,plue one•twelfth ofyearly premium inatelimenta lor hezerd insurenco,plus one-twelfth of �
<br /> yearly promtum in3tallmentts for mortgn�o insuranco,d eny, nIi oe roaeonnbly oat�mntod initlally ond Irom timo to timo by +�.
<br /> Londer on the basis�t eaaessmants en bflls and reaso�able estimates thereol.
<br /> The Funda eha11 be held In en inetitutfon the depo9ite oreccoun49 ot whlch are insured or gunrenteed,by a Federel ar atnte ••
<br /> agency(including Lander iP Lender ie such en institulion�. Lender shall epply the lunds to pny eaid taxes,esaesements,
<br /> �nsurence premlums and ground rents.Lender moy notchorge tor so holding mnd applying the Funds,e,naly:mq aefd eccount ;
<br /> orvorityln�andcornpilinpse�idE�3sessmantsandbflls,unlessLenderpayBSorrowermtereutonlheFundaAn�tappliceblelaw :
<br /> permits Lenderto makesuch ncharge.Borrowerand lender may agree In writfng et the tlma ot execution of this Deedof T�ust
<br /> tha!Interegt an the Funds ahall be pald to 9orrower,and unleas such egreement is made or appIfcalbe Isw requires such . �.
<br /> interest tq be peld.Lender Bhall not be required to pay Borrower any interest or earnings on the Funds.Lender shall give to �
<br /> Borrower,without cher4o,an annuBl eCCOUnting of tho Funds showing Credits end debits to the Funds end the purpose for
<br /> which each debit to theFundawes mede.The Funda are pledged as acfditionel socurity lor the sums secured by this Deed of
<br /> Truet
<br /> If the nmount of the lund�held by Lender,topether with the futuro monthly installments of Funds payeble prior to the due � -
<br /> detes of texss,n&aessments,insurence premiums end ground renta,sheli exceed the amount required to pay seid taxes, �
<br /> assessments,inaura�ce premiums and ground renta as Ihey tall due,such excess shall be,at Borrower'a option,either
<br /> promptly�epaid to Borrowe�or�redite�to Borrowor on monthly inatellments of Funds.lf the amount ot the Funds held by ; � , .
<br /> LendersnallnotbssufHcienttopaytaxes.assessmentainsurancepremwmsandgroundrentsestheytalldue.Borrowerahell
<br /> pay to Lender any amaunt necaseary to meke up the deficlency within 30 days from the dete notice is mailed by Lender to
<br /> Borrower requesting payment theroof.
<br /> UponpaymentinfullotnllsumasecuredbylhisDeedofTrust,LendershallpromptlyrefundtoBorrov�eranyFundsheldby . �
<br /> Lender.I}underparagraph 18 heroof the Property is sold orthe Property is otherwisencqwrod by Londer,Lender ahall apply, � 't
<br /> no laterthan immedletelypriorto the taale of the Property or its acquisitfon by Lender,and Funds held by Lender at the time of � �`�'
<br /> appiicetion ao a credit uflafnst the sums secured by this Oeed of Trust.
<br /> 3. Appllcatlon of Pay►n�nt�.Unless applicable lawp rovides otherwise,ail payments received by Lender under the Note � �y '
<br /> and paragraphs t and 2 hereof shall be applfed by Lenderiirst in peyment ot amounta payeble to Lender by Borrower under i '�� 'r �
<br /> paragraph 2 hereof,thonto intorest payable on the Noto,then to the principal of the Note,end then to interestand principai on �"
<br /> any Future Advences. ' ±� �
<br /> 4. Cha�p�s;U�ns.Bo►rowers shall pay elt texes,assessmonts end othercharges,fines and impositions attributable to the i ;,+ '
<br /> Proparty whfch may attaln a priority over thfa Deed of rrus�and leasehold paymenu ur ground rents,if any,in the menner � -:���
<br /> provided under parc�graph 2 hereof or,ii not paid in such manner,by Borrower mekingpeyment,vihen duo,diroctly to the � ...
<br /> �ajfw2iioioa7}.uG:iri7:6T"a,ioilMTi'iiiij,�Ijitiiiii{oC�'vLoi�uc(niltivtiGoSOin�Twui�touiioiiiwo��iiioNdinyiaNi�,Biiuii�Qi�oovoid . -'---"/ ��„-�„_,�-
<br /> arrower shall meke �eymont diroctly, Borrower shall promptly furnish to Lender receipts evidencing ouch payments. , ..._,���"F'� "
<br /> Borrower shall prompt y dlscha�ge any lien wh�ch has pnority ov�r this Deed of Trus�provided,thet Borrower shali nat be �
<br /> required to discherge any euCh lien so long es Borrpwershell agreo in writing to the peyment of the obligation secured by such -
<br /> lien In a manner acceptablo to Lender,or shall in good feith contest such lien by,or defend enforcement of such Iien in,legal ;
<br /> proceedings vuhich oparete to p�event the enforr.emont of the lien or forfeitu�e of the Properry or eny part thereot.
<br /> ' S. Hexard Inturanc�.Borrower shall keep tho irnprovements now existing or hereafter erected on the Property insured � ' �
<br /> ageinst loas by tire,hazards Encduded within the terrn"extended coverage",and such other hazards as Lender may reqwre ' �
<br /> and m such amounts and fo�such periods as lender may require;provided,that Lender shall not require that the amount of �
<br /> such coverage excead that amount of coverage requlred to pay the aums secured by this Deed of Trust �
<br /> Thls insurancecarrlerproviding the insurance shall bechosen by Borrower subject to approval by Lender;provided,thet �
<br /> such approval shall notbe unreaaonably withheld.All premiums on�nsurance policies shell be paid in the manner provided ' ,�, �
<br /> under peragraph 2 hereof or,It not paid in such manner,by Borrower making payment,when duo,directly to the insurance ., ;41
<br /> carrier. , ,;�,� ,
<br /> All insurence polfcie9and renewals thereot shell be in lorm accepteble to Lender end shall Include a standerd mortgage � t�
<br /> clause In tavor of and in form ecceptable to Lender.Lendershall have the right to hold the policies and renewalsthoreot,and �
<br /> Borrower sltall promptly(urni9h to Lenderall renewal notices and all recefpts ot paid premwms.ln the event of loss.8orrower
<br /> shellgivepromptnoticetotheln�urancecarrierandLender.Lendermaymakeproofoflossilnotmadepromptlyby8orrower. :
<br /> ' UnlessLenderandBorrowerotherwlseagreeinwnting,insurence proceedashallbeepplfodtoresroratfonorrepairolthe �`-:�.;�-�
<br /> Praperty damaged,provlded such restoration or repair Is economically teasible end the security ot thls Deed of Trust is not ` �
<br /> thereby impairod. If suCh tostoration or repeir is not eCanomically feasible or d the securfty of this Deed of Trust would be
<br /> impalred,the Insuranco proceeds shall be applfed to the sums securod by this Deed of Trust,with the excess,il any,paid to -•'
<br /> Borrower.II the Properly I�abandoned by Borrower,os if Borrower falls to respond to Lerder within 30 days from the date y
<br /> notice is mailod by Lender to Borrower thet the insurence carrier ofters to serile e claim for insurance benefits, Lender�s �� �•'
<br /> i authorized to collect and epply the insurance proceeds at Lender's option either to restoration or repair of the Property or to � :� �
<br /> the sums sacured by thls Dood of Trust � ? `. '�
<br /> Unless Lender and Borrower otherwiseagree in wridng,any such epplicetion of proceeds to princ�pal shall not extend or �
<br /> postpone the due date 01 tha monthly instellments referred to in paragraphs 1 end 2 hereot or chenge the emount of such , :�•��.
<br /> installments.It under parag�aph 18 hereof the Properryisecquired by Lc�nder,all right,title and intorest of Borrowe�m and to • ° `;;'
<br /> . any insurnnce poliCie�and in and to the proceeds the�eof resulting lrom damagoto the Properry prfor to the sale oracquisilion '�o, �
<br /> shall pass to Lender to the extent of the suma secured by this Oeed ot Trust�mmedintely pnor to such sale or acqwuiUon. ` ' �
<br /> 6. Presav�llon�ndMal�teoanceolPropedy;Leaseholda;Condortslnlumr,Plannedtdn80evslopment�.8orrowershnll
<br /> koep th9 Property in gaod repei�and shell not comrnitweste or permit impairment of detenaration ot the Property end shall •� �
<br /> comply with the provisfons otany loaso if this Dead of Trustis on a leasohold.If this Deed of Trust is on a unit in a condominium
<br /> or e plenned unit development, Borrower shall portorm nl1 of Borrowor'u oblfgntions undar tho d�sclaration or covenants
<br /> croating or governing the candomfnium or planned un�t dovelopment,the by-laws und regulations ot tho condommium or � "
<br /> plenned unit development,and constituent dacuments.II e candominium or planned unit development rider is excuted by �,
<br /> Borrower and recorded together w�th this Deod of Trust,the covenants end egreements ot such nder shan be incorporated
<br /> into and shell emend and supplement the covenents and ayreements ot thla Daed of Trust as i�tho rider were a part heroof. '
<br /> I 7. Prol�ctlon ot Lender'a S�xur{ty.If 9orrower fails to pertorm the covenants and agreements conteined in this Deed of �
<br /> Trust,or If any nction or praceeding is commenced wllh meterially a(lects Lender's interest in the Property,mcluding h�t not
<br /> limited to,eminent dornafn,i�solvency,codo enforcernent,or arrengementsor proceodings involvinc�a bankrupt or docedent. ,�
<br /> then Lender et Londei s option,upon notice to Barrower,may make sucti appoarances,disburso such sums and take such
<br /> actlon as is nece�saryto protect Lender's interest,mcluding,but not Iimrted to,disbursemont of reasanable attomey'sfees end �,.\
<br /> ontry upon the Propertyto make repAlrs.It Lender reqwredmortgago insuranco ns a condition of ineking the loan secured by ��
<br /> the Deod of Trus��orrower shall pay the premiums required to meintain such insurence in eMQCt unt�l such timo es the •
<br /> requiremont tor such insurance 4erminates in uccordancewith 8orrower's and Lender's wntten a�reement or ap�licalbe lew. r,
<br /> . _ Borrower shall nav tho amount ot ell mnrtaaap�n�uranr.a narmuim�in tha mannWr nrn��rinrf��r, ar nnranrnnh no.a.,t :.�1_
<br /> � �I Any amounts disburRed by Lender pursuant to this paragraph 7, with interest thereon, shell become additional � j. i _
<br /> 1 �ndobtednossofBorroworsecuredbythisDQadotTrust.UnlessBorroworandLendaragreetoothertermsolpaymentsuch � �
<br /> amounta shell bo payable upon notice Irom Lender to Borrower requesting payrnent hereol,and shall bear�nterest trom the
<br /> � date of disbursement atthe►ete payeble irom t�me to tfineon outstandmg pnnc�pal under tho Note unless payment ol mterest ��
<br /> , ; at such ra!s woutd be Contrery to eppliCUble law. �n which event such amounts shall bear �n9Rrest at the h�ghest rete
<br /> � permissibleundUrapplicoblolov�.Nothingcontainedinthisparagieph7shallrequ�reLendertomcur�nyexpenseortakeany i —
<br /> action hereunder.
<br /> ' 8. Inspettlon.Londer m�y make or cause to be made reasonnble entnes upon 2nd inspections of the�Property,provided
<br /> that Lender shell givq Borrower notiCe pnor to nny such inspection specifying reasonable cause therefo�e rel�ted to Lender's � �
<br /> Imterest�n the Proporty �
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