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<br /> UNiFOZM COVENANTS. Barrower nnd Lender covenam nizJ agree as follows: �_��,
<br /> l.Fi�ynieut of�rE�c(pnl iu►tl�nte�tisl. Bo�srnver sliall prompUy p��Y when due the principal and interest indebtedness evicienced
<br /> by �hc Natc. ��
<br /> 2.Appllcntlbn wQ�°eof ehall bo'np(:�icd by �I.ender�tn ntereot pa�yublo on�the�Note,und thoncto tl n�prtncll n 1nf�fhn _
<br /> N o t e n n d p a r a B r u p h 1 h c� '�°
<br /> Noto. Y }`�
<br /> 3. Prlm�Mort�n�cs nnd 1)ec�ls of 1Yust; (:hnrtic!:; Llrns. t3arrowcr sh��ll perform nll of Qorrowcr's obligntions undcr nn _ _
<br /> mort�agc,dced of'trutit or utlier security i�brc:c►nen t with n licn which hnti priority ovcr�hi�:Dced of'IYust, includin�13ormwer's : —
<br /> cavenunts u� mnlcc puymcnts �vhcn duc. I3°rr°vhich`mlav�n tu ncptpr ur ty`vjcrlthistiD�d ofS'iYust'nnd'Ic�Chcj c inr6.�nts��or ( �n
<br /> and imposicionti utu�it�uuiblc to thc t'raperry . ,��
<br /> ground rents, if nny. 's"�
<br /> 4. Hnznrd Insaranee. iiorrower shnll keep rdii���Cx°nded cover.�ge X'anJ�.suchhothef thnzt rdsea.s Len lerrmoy�equ ie�nnd _�,��
<br /> , ngnlnst loss by iirc,hnzarcls indudcd within th� c
<br /> in such amounts and for such periads as Lcndcr mny requirc. _
<br /> The insucance carrier proviJing the insurnnce shall be chosen by f3orrower subject to nppravnl by L.ender; provided, thnc �
<br /> such approval shull not be unrcasonably withl�cld. All insurnnce policies and renewuls thcreof shnll be in n f'orm acccplable to ;,. �
<br /> i Lender and shnll include a standard martg.�eC1����he t mi�of n yn no�En6ei Jecd of trust or othersecur ty agoeementvwi h a I&en �
<br /> II thc olicies ac►d renewals thereuf, � f*�
<br /> � to holJ p
<br /> ! which hus priority over this Qeed of 7t�ust. .��".�;:
<br /> �� i In the event of loss, Borro�ver shull give pmmpt notice to the insumnce carrier and Lender. Lender may mnke proof of loss if
<br /> � not made promptly by Dorrower. ��•�.;
<br /> � �
<br /> � If the Property is sbandoned by Bormwer,or if Borrower fails to respond tn L,cnder within 30 duys from the dace noticc is maile y� �
<br /> � by Lender eo Borrower that che insurance carrier offers to,ettle n claim for insuronce benefits, Lender is uuthorized to collect und �
<br /> � apply the insumnce proceeds at l,ender's option eithr.r to�storation or mpair of the Property or to the sums secured by this Deed ofllvst. �.: y�
<br /> � b. Presetwation nnd Mn(ntennncc of 1'rope*1y;I.caschotds; Condominiums; Plt�nncd Unit Bevelopmcnts. Borrower shull _�!�.
<br /> ( keep the Property in good�+epair und shnll not coml�msl,s on arleas holdn If 1ttiisnDeed of r7Yust'snon a un t in a condom nium or'a ;r;►�,.�;,,,.•�'�`=��S
<br /> with the provisions of any lease if this Deed of ''' =��'
<br /> plunned unit development, Borrowe� shaU perform all of �3orrower's obligntions under the declnr.aion or covenunts crcuting or ' ��a-
<br /> goveming the condominium or planned unit development.the by-laws und regulutions of the condominium or plunned unit development, 'f.,.`.'R``.t'. '�
<br /> � 1';.e �`. "'�: �
<br /> f And constituent documcnts. � �`
<br /> � 8. 1'rotection of I.xnQer's Security. If Bormwer(ails co perFonn [he covenunts und agreements contuirted in ttiis Deed oF'Ih►st, ;
<br /> � ' or if any action or proceeding is commenced �vhich materially affects L.�nder's intemst in the Propercy, then i.ender, at l.ender's , •�,';���'�._
<br /> � option, upon notice to Borrower, may makc such appem�nces, disburse such sums, including reasonuble attorneys' fees. nnd take �=
<br />_ .,.....:... i, �r T�n�i�r�auired mort�a�,e insurancc as n condition of making the lonn ' _ _
<br /> � � such action as is necessary co protcci Ler��... .�...•°-^:� '
<br /> ' secured by this Deed of'IYust.Borrower shall pay che premiums requind to muintain such insurance in effect until sucn time as ci►e t:;
<br /> • requirement for such insurance terminates in acmrdnnce with Ao�rower's and l.ender's written agreement or applicAble law. ,�' C.• ;�'
<br /> Any nmounts disbursed by Lender pursuant to this pamgraph 7, with interest�hereon, at the Note rate, shall become additionnl t
<br /> ' � indebtedness of Borrower secured by this Deed of'Itust. Unless Borrower and I.ender agree to ocher tecros of p�yrt:ent,such amaunts *
<br /> � shall be payable upon notice from I.ender to Borrower requesting pnyment chemof.Nothing contuined in this parag�aph 7 shull cequire ,�-� '��`
<br /> � I.ender to incur any capense or take uny action hemunder. •
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<br /> 7. Insp�etton. Lender mny make or cause to be made Rasonuble entries upon and inspections of the Property, provide t at +.;:•
<br /> Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therrfor relnted to Lender's interest in the (�:f�';,�
<br /> . ' Propeny. ' " :` "
<br /> I � 8.Condemnation.The proceeds of any award or claim for damnges,dimet or consequential,in connection with any condemnation � �:��j`�
<br /> + or other taking oF the Property, or part thereof,or for conveyancc in lieu of condemnation,are hereby assisned and shall be paid to �
<br /> ! L.ender,subjcct to the tcrms of any mortgage, deed of wst or other securiry agrcement with a lien which has priority over this II�ced �,,�. ,',��
<br /> � P Y ' ..,�,
<br /> of Trust. � �'y�-,�
<br /> 9. Borro«'er PIot Relensed; Corbcarance 13y(.ender Not a Wniver. Excension of[he time for a ment or modification of
<br /> � amostizntion of the sums secured by this Deed of'ih�st granted by L.ender to nny successor in intercst of Borrower shnll not operate , ,-" �
<br /> �'- ;,�i �
<br /> ro releiise. in uny munncr. thr liability uf the original I3on•ower and Uormwer's succrssor� in intcrcst. Le'nd�r shall not be requircd �
<br /> to commence proceedings against such successor or refuse 2o extend time for payment or othenvise modify amortization of the sums 3 i �:• :�'.
<br /> secured by this Decd of'IYust by reason of any demand made by the origival Borrower a►id Borrower's successors in interest. Any , , j G�` �;
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<br /> forbeurancc by Lender in exercising any right or�medy hcreunder, or otherwisc affordcd b � licable law,shall not be a waivcr of;
<br /> or preclude the exercise of any such right or remedy. °`� � `' ��
<br /> 10.Successo�znd Assigeas Bound;Joint and Severnl Liability; Co-signers.The covenants ond agreements herein contained t,,,µ' � ' '�?rj
<br /> i � ,�,. a:
<br /> shall bind, and the rights hereunder shall inurc to, the respective successors and nssigns of Lender and Borrower, subjecs to the�+y �
<br /> � provisions of paragraph IG hereof.All covenants and ag�eements of Sorrower shall be joint and several.Any Borrowcr who co•signs I M�
<br /> � this Deed of'[l�ust, but does not execute the Note,(a)is co-signing ehis Deed of'Ilvst only to grant and convey that Borrower's intenst _ �,
<br /> in the Propeny ro'IYustce undcr thc tcrms af this Uced af'iFus�, (b) is not personally IiaNlc on the Notc or under this Deed of'il�ust, �
<br /> and(c)agrees that L.encler and any other Bon�owen c�rr:under may agree to extend,modify,forbear,or make any other accommodations + d
<br /> with regard to the temu of this Deed of'IYust or thc Note,without that Borrower's consent und without icleasing that E3orrower or ' �
<br /> � modifying tliis Deed of 11vst as to that Bornower�intemst in the Propeny. ,. � ;
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