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<br /> ` 'U��IFOpM(:OVENANTS Boerowc�r�nd Lr�ndor covnnnnt nntl naroo nn lollnws �
<br /> 1. Pe�monl of Principal �rid Inter��l. Borrowor ohnll prnm�tly pay whon dun iho pnncipal �I nnd mtornst on tho ' �;.;•��
<br /> mdebt�dnoes owdttncod by tho Noto,p►cpaymont nnd Into cnnr4os no prov�d�d in tho IVato,c+nd tho pnncippl ol nnd intorosl on
<br /> - nny Fufura Aclvances sucueed by tha Deod ol Truat. ��.,��,
<br /> a. Fund�fa�Texssand Inwnnee.Subtocl ro appllcnblo law or to n wntlon waivor by Londor.8orrower ehell pay to Londer I .,
<br /> uniiiedaymonthlyi�ieta�l��icntaot princlpnlandmtCrastnrefpnY�+bleunderlheNoto,unidihoNataiepo�dinlull,aoumlharoin �
<br /> "Funda"1 oqual to one-twoHlh o1 fho yearly tc�xee nnd aeeesamente whlch may ettaln pnoriry over thie Deed ol T►udt,and � ;,¢�r
<br /> ' ground rante on tho Property,��ony,plus one-twelfth of yearly premlum mstel Imente for hazard ineurenco,plue one•twelflh ol , � ;
<br /> yeariy promlum Inetnliments for mortga{�o ineurf�nca.II nny,all ea rossonably estimntud Initlally end Irotn tlme to tima by
<br /> Lendor on the basla o1 essesaments nnd billa and roanonable eatimates tho►ouf. '
<br /> Tho Funds shell be held In c►n�nstitutlon the doposita oraccount3 0l which nrA insuredo►guarenteed,by n Federal or etete �:
<br /> agency(lncluding Lender if Lendor is such �n institution�.Londor ehall epply tho lunda to pay said tnxes,aeaesomanis,
<br /> inauranco promfuma end ground rents.Lender may not charge forso holding end epplying the Funda,anttlyiing eaid account �
<br /> or verNyfn�and complling seid esseasmente and bIIIs,unless Lender pays Borrower intereston the Funda and epplicable lew i
<br /> permfte Lender to make such a cherge.aorrower end Lendormeyegree in wriling at thetimeo}execution of thia paed of Trust ,
<br /> that intorest on the Funda ehell be paid to 8orrower,and unless such agrftement Ia made or appUcelbe law requi►e�euch .
<br /> interest tc be pafd,lender shnll not be requ�red to pay Borrower any intereat or earninga on the Fundo.Lendor shall glve to �
<br /> Borrower,without charge,an annual eccounting of the Funds showmg credits and debits to the Funda end tho purpose for
<br /> whicl�each debit!o theFunds was made.The Funds are pledged es edditionel seaurityfor the sums aecured by Ihia Oeed o} �
<br /> Truot
<br /> If the amount of tho funds lield by Lendor,together with the(uture monthly installments oi Funds payahla pnot to the due �
<br /> ' datea of tanes,assessments,insurance premiums and ground rents,shall exceed the emount required to pay seid t�es.
<br /> assoasments, insurance premiums and round rents es they fall due,such excess shall be,at Borrower's option,either I
<br /> promptly repaid to Borrower or crediled�o Borrower on monthly installments of Funds.If ihe amount of the Funds h�ld by
<br /> Lendershall notbe aufticientto psy taxes.assessmants,insurence prem�ums and ground rerte asthey fall due.Borrowar shell
<br /> pay to Lender any emount necessary to make up the deticiency within 30 days from the date notice is maded by Lender to i
<br /> Borrower requosting payment thereof. .
<br /> Upon payment In full of all sums secured by this Deed of TrusG Lender shali promptiy refund to Borrower any Funds hold 6y , ,,.
<br /> ' � Lender.If under paragreph 18 hereof the PropertY is sold or the Property isotherwise acqu�red by Lender,Lender shall apply. � ���
<br /> � noleterthanimmediete�ypnartothesaieofthePropertyoritsacquisittqnbyLender.andFundsholdbyLendoratthetimeot ,r -
<br /> app8cation as a credit agafnst the sums secured by this Deed ot Trust. '�'''�
<br /> 3. Appllcation ot Peymentc.Unless epplicable law provides otherwise.all payments received by Lender under the Note �., ��
<br /> and paragraphs i and 2 hereof shali b�appl�ed by Lender first�n payment of amounts payable to Lender by Borrower under •• f��.
<br /> paregteph 2 hereof,then to interest payeble on the Note,then to the pnncipal of the Note,and then to interest and pnncipel on R!o�� '-
<br /> , any Fuw�e Advances. ; � '•� ��
<br /> 4. Charp�s;Llsns.Borrowers shall payall taxes,assessments and other charges,fines and irnpos�tionsattributable to the , . �s:, •.V
<br /> Property which may attain a prionty over this Oe9d of Trust,and leasehold payments or ground rents,d any,in the menner a�;._
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<br /> • provided under peragraph 2 hereol or,if not �aid in such manner,by Barrower makmg paymen�when due.duectly to the , ;' _=.
<br /> - 'ayoo iharsal.°,�rfo::�s sh�!!prCm�t!y h�m.�..�n Lender all notices of amounts due under this parograph,end in tho event • '_y�.L
<br /> �orrow�r shall make payment directly, Borrow�r shall promptly furnish to Lender rece�pts evidenc�ng such peyments. � `��#,q�
<br /> Borrower shall prompt ly dlscharge eny lien which hes pnonty over th�s Deed of Trust provided,that Borrower sha l l no t be �
<br /> requiredtodlschargeflny suchliensolongesBorrowershellagreemwritingtothepayme�tottheobligationsecuredbyauch � . . .
<br /> Ilen in a manner accepteble to Lender,or shall in good faith contest euch lien by,or detend enforcement ot such lie�in,legel � ,
<br /> proceedings whlch operate to prevent the enforr.ement of the Ifen or forteiture of the Property or eny part thereot. ,
<br /> 5. H�=�rd Intu►snce.Borrower shell keep the improvements now existing or hereafter erected on the Property msu�ed .
<br /> ageinst loss by fire,hazards included withln the term'extended coverage",and such ather hezarde as Lender may reqwre . �
<br /> and in such Rmounts and for such periods as Lender may require:provided,that Le�der shell not reqwre that the emount ot .
<br /> • such coverage exceed that amount of Goverage required to pay the sums secured by this Oeed of Trust.
<br /> Thla insurance cerrier providfng the insu�ance shall be chosen by Borrower subjectto aPgrovel by Lender:provided,thet •
<br /> such epproval shall not be unreasonably withheld.All premiums on insurence policies sha I e paid in the manner provided �
<br /> under paregraph 2 hereof or,if not paid in such manner,by Borrower making payment,when due,directly to the insurance , id'
<br /> „ r,arAlel Insurence pollcies end renewels thereof shall be�n forrn acceptable to Lender and shall include a standard mortqage '
<br /> ClBUSe in fevor of end in form ecCeptable to Lender.Lender shall have thenght to hold the policios and renowAle theroof,and ,
<br /> Borrower shell promptly}urnish to Lenderell renewal notices end all receipts of paid premiums.ln the event ot loss.8orrower
<br /> shellgivepromptnotiCetotheinsurancecflr►ieran�DLender.Lendermaymakeproofofloss�fnotmedepromptlybyBorrower. • �
<br /> UnlesslenderandBarrowerotnerwiseagree�nwriting,insuranCeproceodsshailbeappliedtorestoretionorrepairofthe � �-.��;•,,
<br /> Property damaged,prov�dod such restoretion or repair is economicelly leasible and the secunty of this Deed of T�ust is not �,� � ,
<br /> thereby impaired.If such rostoration or repau is not ecanomically leasible or�f the secunty of this Deed ot Trust would be • :
<br /> impalred,the insurance proceeds shall be applied to the sums secured by this Deed ot Trust,wfth the excess,if any,paid to
<br /> Borrower.If the Property is abandoned by Borrower.or i}Borrower fails to reapond to Lender within 30 days Irom the date .�
<br /> notice Is mailed by Lender to Borrower that the insurence carner ofters to settle a ciairn for insurance benefits. Lender is . �� •
<br /> authorized to colleCt and apply the insurance proceeds et Lender's option either to restoration or repair of th�Property or to l. ^.� 1;�
<br /> the sums secured by this Deed of Trust. ' �
<br /> Unless Lender pnd Borrowor otherwiae egree in writing,any such appl�cation of praceeds to pnncipal shall not extend or �� :�
<br /> Pos4pone the due date ot the monthly installments referred to�n paragraphs 1 and 2 hereot or change the amount ot such � ; � �7i�
<br /> mstallments.If under paragraph 18 hereot the Property is acqwred by Lender,ali nght,title and interost of Borrower in and to . � �,i^
<br /> any insurance pollcies and in and to the proceedsthereo4 resulting lrom dnmuge totho Property prior to thesaleor acqwsition � �,,, ;
<br /> shall pas9 to Londer to the extent ol the sums secured by this Deed of Trust immediately pnor to such sale or ecqu�sdion. , 'Y��I
<br /> R. Preservatlon and Malntenanee of Property;Leasahold�;Condominiuma;Plenned Unit Developm�nts.Borrower shall
<br /> I<eep the Property in good ropeir and shall not commit wasto or pormit impairment of detenoration ot the Property and shall .• �
<br /> comply with the prov�sions ot Any lease if this Deed of Trust is on A leasehold.Itthis Deed of Trust is on a unit in a condommwm � i
<br /> � � or a planned unit development,Borrower shall pertorm all ot Borrower's obllgations under the declaration or covonants ,:
<br /> Creating or governing the condommium or planned unit development,the by-laws and regulations ot the condommium or . :
<br /> planned unit development,and constituent documents.If a condominium or planned unit development ndor is excuted by x
<br /> Borrower end rocordod together wilh this Deed of Trust,the covenents and Agreements of such rider shell be incorporeted ,,•.
<br /> into Bnd shall amend end supplement the covenonts end agroements ot thia Deed ot Trust ns i1 the rider were a part horeot. � .
<br /> ' 7. Prot�etton ot Londe�'o Security.If BvrrowQr leils lo pertorm the covenants and agreemonta containad in this Deed ot
<br /> Trust,or it eny ection or proceedfng is cummencod with meterielly effects Lender's interest in the Properry,Including but not � •
<br /> Ilmited to,emfnent domafn,Insolvency,code enforcement,or arrangements or proceedings mvolving a bankrupt or decedent,
<br /> then Lender at Lender's option,upon notice to Borrower,mey make such appearances, disburse such sums and tnke such
<br /> �cyon as is necessary to protect Lender's interest,includ�ng,but not limited to,disbursement of reasonable attorney's fees end �_
<br /> ontry upon tho Property to make repaus.If Lender roquired mortgage insurance as a condition of making the Ioan sacured by ,�.I
<br /> the Deed ot Trust.Borrower shall pay tha promiums reqwred to mamtain such insurance in oHect until such time os the
<br /> requirement for such insurance terminatos in accordance wrth Borrower's and Lender's wntten ngroement or appl icalbe law �
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<br /> w,...,�.,ar ahall nav tho amount of all mortgage insurance permiwns m the manner prov�ded under peragreph 2 hereof. ` ;�
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<br /> � Any omOUnts disbur8t�d by Lender pursuar�t to tnis peregroptt i, wrtn mtaresi inereon, snaii oacoma aoviiionai -- ;
<br /> indebtedness of Borrowor secured by this Deed of Trust.Unless Borrower and Lendoragrne to other torms of paymvnt,sucn ,
<br /> amounts shell be paynble upon notico lrom Londer to Borrowor requestmg payment horeot,and shall bear interesttrom the ;i
<br /> � datm of dlabursement ettho rate payable frorn t�me to Ume on outstanding pnnc�pal under the Note unless payment of�ntRrQSt
<br /> at suCh rnte would be contrary to epplicable 18w,in which event suCh amounts shall beer intc�rest at the h�ghest rnte
<br /> , permissiblo under applicablo law.Notliing conteined�n this paragraph 7 shall reqwre Londer to incur any expense or take eny j
<br /> action heraunder. I
<br /> � 8. In�pecflon.Lender may make:or cause to be���ade reasonable enlr�es upon and�nspect�ons of the Property,prov�ded , ,
<br /> that Lendor shell g�ve Borrower notice pnor toany such inspection specdymg reasonable causetherefore related toLenclor's �
<br /> intere3t m the Property �
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