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<br />88- 104485
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<br />UNIFORM COVENANTS. Borrower and Lender covenant aoO agree as follows:
<br />1. Payment of Principal and Interell. Borrower shall promptly pay when due the principal of and interest on the
<br />~nndye~~~~~:~~~~i~~~~:~~Jr~de ~yOtthePO:~6f9.f'r~~d late charges as provided in the Note. and the principal of and interest on
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<br />2. Fund. lor Tax.. and In.urance. Subject to applicable law or to a written waiv"r by Lender, Burrower shall pay to Lender
<br />on the day monthly installments of principal and interest are payable under the Note. until the Note is paid in full, a sum (herein
<br />"Funds") equal to one-twelfth of the yearly taxes and assessmenfs which may attain priority over this Deed 01 Trust and
<br />ground rents on the Properly, il any, plus one-twelfth olYtearly premium installments lor hazard insurance. plus one-twelfth of
<br />r~~~~f6~'1l\~'r.~~Fs~:'::~~~~~e'ri't~~gn':Pglli,~s~~~nr~:'s~~:~'e a~~~~~~::~~:~~f~stimated initially and from time to time by
<br />The Funds shall be held in an institution the deposils or accounts of which are Insured or guaranteed. by a Federal or state
<br />rngs~~;hJ~ng~~~~~;~~~e~r~uL~d~:~~~ LS~~;e~~~~S~~~~~~~g;~~~:~ h~~ln~f~~ ~hpept~i~~~~~ f~Xd~~~n~;;i~ga::i~s:~~~~i
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<br />that Interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicalbe law requires such
<br />interest to be ~aid, Lender shall not be required 10 pay Borrower any interest or earnings on the Funds. Lender shall give 10
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<br />~~\6~":,~ch"~egl~:gr~~~~n".rs ~~~~a"Je':~~~tW9n~.:~~:~~~~:~~~~nJldftr~~~~ s"e~~~~ fi~~ :~~~~~~ns~~~~t~~lI.~~J::J~~
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<br />Trust.
<br />II the amount of the funds held by Lender, together with the future monthly installments of Funds payable prior to the due
<br />dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes.
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<br />a~g~s:t~~~tsBl~~~r~~;r~~~~~~U~;d~t~~ V~OB~r~o~~~So~S ~~~rhfl~l~nds~il;'~~~s e;fcf~~dSs~~Jl1~:'a~:uOn~~;t~~S F':!:.~~nh:II:r~r
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<br />Eender shalf not be sufficient to pay taxes, assessments, Insurance premiums and ground rents as they fall due. BorrowershaYi
<br />pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed by Lender to
<br />Borrower requesting payment thereol.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender .shall promptly refund to Borrower any Funds held by
<br />Lender. If under paragraph 1.8 hereof the Property is sold or the Property's otherwise acquired by Lender, Lender shall apply.
<br />no later than immediately prior to the sale olthe Properly or its acqu,si',on by Lendar. and Funds held by Lender althe lime 01
<br />application 85 a credit agains11he sums secured by this Deed of Trust.
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<br />anlpa~:P:~C:~~O~ :~~~Yhr::~.:'~r.~~"le~: :~~U~~~~ ~~~J':~~;~:7n o~~~;"V:;~~of~~~~r;;~n:a~:~f~~~d~~J~~g~r~~~~:.~eu~~~~
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<br />paragrap~ 2 hereof, then to interesf payable on lhe Note, then to the prinCipal of the Note. and then 10 interest and principal on
<br />any Future Advances.
<br />4. Chlrg..: U.n.. Borrowers shall pay all taxes. assessments and other charges, fines and impositions anr!butableto the
<br />Properly which may attain a priOrity over this Deed of Trust and leasehold payments or ground rents, il any. on the manner
<br />provided under paragraph 2 hereof or, ,f nol paid in such manner. by Borrower ma~ing payment when due, directly to lhe
<br />payee thereof. Borrower shall promptly furnish to Lender all notices 01 amounls due under this paragraph, and in the event
<br />Borrower shall make payment directly, Borrower "hall promptly furnish to Lender receipts evidencing such paymenlS-
<br />Borrower shall ~romptly discharge any Ioen which has PriOrity over thiS Deed of Trus~ provided. Ihat Borrower shall nol be
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<br />ri~~~~~d ~~~~~r :~~:~rabf~f: ~:~J~~~~~~:,~r~~~~rf~~~I~~%~~i~:~~lil~l~~~~r~~:::~~t~~I~~c~~~~tlig,ns~~~~ l:r.~:~
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<br />proceedings which operate to prevent the enforcement of lhe lien or forfeiture of the Properly or any parlthereol.
<br />5. Haz.rd Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by fire, hazards oncluded within the term "e,tended coverage", and such other hazardS as Lender may require
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<br />~~~~nc~~~~a~~~~~~nt~~~~~;~n~~\'~ge:r~~:~~~~::':J i~%~~~h~r~~~~~~~:e'd"~~~~Fshg~"3~fef~~ that the amount 01
<br />suc1h~~~~~~~~~:~~6:1:t~~~~~1~9~~bl~n;~t~a;e)d.S~1~~~eC~~~:~~rn~~~~~~:rps~~i~~l ~~:C~~O~::3rn~~d~~!:~~~~r::i:~
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<br />under paragraph 2 hereof or, if not paid m suCh manner, by Borrower makmg paymenl when due, directly 10 the insurance
<br />carrier,
<br />All insurance policies and renewals Ihereof shall be In form acceptable to Lender and shall include a standard mortgage
<br />clause In favor of and in form acceptable to Lender. Lender shall halle the right to hold the policies and renewals thereof, and
<br />Borrower shall promptly furnish to Lender all ~enewal nobces and all receipts of paid premiums. In the event of loss. Borrower
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<br />sha~~li~::L~~S~rn~~dB~~:~:~D~ha;~~~:~~~~:~nd ;~~~g~;;:~~~~~~~6c~~~~Oho~lfb~~~I~ ~~~:t~~~ut~~~t;,=r:~<<~~
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<br />Property damaged, provided such restoration or repair IS econamlcatlyfeasible and the security of this Deed or Trust is not
<br />~hereby jm~alred. II such restoration or repair IS not economically leaslble o.r If the security ot this Deed of Trust would be
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<br />~~~~~;.\I ~~~s~~~n~~r~;:~~~~~ ~e ~:~~~~, t~:'ir~r~~:~~'ii~:lot~~~= t~ ~~~~~;,,~~~~e 3ii~i~~ ;::~Yirf:d~:~
<br />notice is mailed by ~endcr to Borrower t~at the Insurance carner offers to settle a claim for Insurance benefits, lender is
<br />f~~~~r~:~~~~r~~e~~ ~g~ (f.f~~ t~? ~~~~t~ance proceeds at Lender's vption eit~er 10 restoration or repair 01 the Property or to
<br />Unless Lender and Borrower otherwise agree In Writing, anv such application of proceeds to prmclpal Shall not extend or
<br />postpone the due date at the monthly Installments referred to In paragraphs 1 and 2 hereo. o~ change the amount of such
<br />Installments. If under parad~BPh 18 hereof the Property is aCQUired by [ender, all ri~t tille and mterest ot Borrower In and to
<br />:h~l~n:~~:~gt~~~~~et; ~~e I~x~~~t t~ft~~:~~~;e:c~~:0~;~i~ti8~O:;: ~~~~~:ried~~~~Pp~~r~~~~I~:s~~:~r o~::~~:~~~n
<br />kee~ t~~~~:~~~~~C:~~;:ir.:~3 :~:j~~~~~~~-:::::6ir~~~~~t~~~~~~:~r6t::t~r~~~~11~~6r='P~o~::Vo:"eJ :~:l:
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<br />comply with t~e provisions of any lease i,this Deed of Trust is on B leasehold.lf thiS Deed orTrust ison a unit in a condominium
<br />or a pfanned unit development, Borrower shall perform all of Borrower's obhgabons under the declaration or covenants
<br />creating or governing the condominium or planned unit development, the by~laws and regulations of the condominium or
<br />~nned unit development. and constituent documents. If a condominium or planned Unit development rider is excuted by
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<br />int~r~~de~~~I? ~~c~~~:~~o~~~~T~:~~t W-i: ~~~n~~T~~~~t~~r~~~~~t~~r~~s a8~:~~i~~~~: :~Tr~~~~d;~~~: ~n~~:f~~~i:t.
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<br />7. ProtKlloo C?' Lender'l Securily. It Sorrower tails to pertorm the covenants and agreements contained in this Deed or
<br />Trusl, or if any action or proceeding is commenced With materially affects Lender's Interest In the Property, including but not
<br />limited to, emlnentdomalO, insolvency, code enforcement. or arrangements or proceedings involving a bankrupt or decedent.
<br />then Lender at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums and take such
<br />action as is necessary to protect Lender's interest, includin~, but not limited to, disbursemenl. of reasonable attorney's fees and
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<br />rhn~rr.~~"o\h.pr~~~P~~~~r;;~~~~~ppa~~st~;~~:~~~~~u~:q~~~g~~ins~r~nS~~~si~~~~~i~I~7nO~W:~:~~m~~ri; ~;;'c;'~~t~~
<br />requirement for such Insurance terminates in accordance with Borrower'sand lender's written a~reemenl or apClicalbe law.
<br />8orA':,~e~~~~~r:~~~g~~~n~yOfL::~~~rt8~~:u~n;tu~~nih~te~~ur:'aSpi~ ~e :::r,nr~t~~~~:i?he~~;n,e~~:I~t1g~~e ~d~!onal
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<br />andebledness 01 Borrower secured by this Deed 01 Trust. Un~ss agrrower and lender agreeto other terms of payment such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment hereof, and shall bear interest from the
<br />date of disbursement atthe rate payable trom time to time on outstanding ~rinclpal under the Note unless payment of interest
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<br />~~~~~i~~eu~3~rl~p~~I~aobl=fa~ .t~o~~f:,I~~~~*ia\~:d :~ thi~ig~r:~~an~hsr~ha~l~eo~u~~: C~~~e~~~rn~~;~~s: ea;p':~s~i9rh~~~ ~a~~
<br />action hereunder
<br />I. InlpecUon, ~ender may make or cause to be made reasonable enWes upon and Inspecllons of the Property. provided
<br />that Len~er shall give Borrower notice prior 10 any such mspectlon specltylng reasonable cause therefore relaled to lender's
<br />Intereslln the Property
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