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<br />88- 104894
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<br />UNIFORM COVENANTS, Borrower end Lender covenent end agree as follows:
<br />1. Payment 01 Principal and Internl. Borrower shall promptly. pay when due the principal of Bnd Interest on the
<br />~n~e~~~~~~~I~~::~~Jr~ :yD:~ePO::lg;\n~~~.d late charges as provided In the Note, Bnd the principal of and totereston
<br />2. FundalOlTalH and Inlurane.. Subjectto appllceblelaw orto a wrlttan walvarby Lender, Borrowar shall pay to Landar
<br />on tha day monthly InsiBllmanls of prlnclpa and Intarestare payable undar tha Nota, unll1lha Nota Is paid In full, a sum (haraln
<br />"Funds") equal to ona-twaltth 01 tha yearly talas and assessmants which may attain priority ovar this Deed 01 Trust, and
<br />ground rents 0" theProperty,lf any, plusone~twelfth of yearly premium installments for hazard Insurance, plus one~twelfth of
<br />yearly premium installmenls for mortgage Insurance, if Bn~. all as reasonably estimated Initially Bnd fram time to time by
<br />Lender on the basis of assessments and bills and reasonst)le estimates thereof.
<br />The Fundsshall be held In an institution the deposits or accounts of which are Insured or guaranteed. by a Federal or state
<br />fngs~~~~~~:~~~~~e:n~e~r~;~~~:~~~ ~~ncSB~~~Ys~~~~~~~;,~~:~ ~~~:n':ff~~ ~hpep:~I~~S~~ f~XdS::~n~;;I~:::1~8::~~~i
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<br />orverifylng and comp11lng said assessments and bills, unless Lender pays Borrower Interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree In writing at the time of execution of this Deed ofTru8t
<br />that Interest on the Funds shall be paid to Borrower, and unless such agreement Is made or appllcalbe law requires Buch
<br />interest to be ~8Id, Lender shall not be required to pay Borrower any Interest or earnings on the Funds. lender shall give to
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<br />~~~~cif~eg~~grha~~~nadS a;~~~aadc;~~~t~9n~f~~~:~~~~:~~~~3dftl~~~i s~'6~~~:: ~~~~~~~nS~~~~:dt~~ rh~~Prf::J~~
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<br />Trust
<br />If the amount of the funds held by Lender, together with the future monihly installments of Funds payable prior to the due
<br />dates 01 taxes, assessments. Insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
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<br />a~~S:~~~lsal~~~~;r~~:~~u~:d~t~~ ~~o~~~or:~~o~sm~~Yh~~I~n~':il~~~~ e~fc~~~ds~~J't~:'B~~~:~it~~sF::~~nh:II:r:r
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<br />eender ShBlr not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due. Borrower ShBYi
<br />pay to Lender any amount necessary to make up the deficiency within 30 days Irom the date notice Is mailed by Lender to
<br />Borrower requesting payment thereof. .
<br />Upon payment Infull of all sums secured by this Deed of Trust. Lendershall prompUy refund to Borrower any Funds held by
<br />Lender. If under paragraph 1 B hereof the prope~ Is sold orthe Prope~ is otherwise acquired by Lender, Lend9rshal1 apply,
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<br />~~~~~~t1~~"a~mamc~:~e~~~i~~~1~~:u~~es~f~~~edrg~~~b~~da~I~:~~~~n by Lender, and FundG held by Lenderst the time of
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<br />anlpa~P:~cpahuSor :~~~Yh-::~:~1s~~llr~: :g~IIII;~~; L;~d~~fi~~;;;, ~~~~~i~~of~~~~~:;.n~;:~~~Vt~t~~~:~g~rB~~~~~~~eu~g~~
<br />paragrBP~ 2 hereof, then to interest payable on the Note, then to the principal of the Note. and then to interest and principal on
<br />any Future Advances.
<br />4. Chlrg..; U.n.. Borrowers shall pay all taxes. assessmenlS and other charges, tines and impositlonsa"ributabletothe
<br />Property which may attain a priority over this Deed of Trust. and leasehold payments or ground rents, If any, In the manner
<br />provided under paragraph 2 hereor or, if not paid in such manner. by Borrower making payment. when due, directly to the
<br />payee thereof. Borrower shall promptly turnish to Lender all notices ot amounts due under this paragraph, and in the event
<br />Borrower shall make payment directly. Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall ~romPtly discharge any lien which has priority over this Deed of Trust; provided, that Borrower shall not be
<br />fl~~~~e: ~~~~;r :~~::~bf~f~ ~~3~r~~~~~:I~r~~ri~rf~n~'~~o,:t:~;~~~~til~~~~~~r~~~~~t~~~~c~~~:tt~t"S:~UI~: r~ r:~
<br />proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereol.
<br />5. Hu..rd Inaur.nee. Borrower shall keep the improvements now existing or hereafter erected on the Property Insured
<br />against loss by fire, hazards Included within the term "extended coverage", and such other hazards 8S lender may require
<br />:~~~"c~~~~a~,::~~~~nt~~~~~;~n~~~i6~e:r~~:~:~rr:J :ci~~~~~~r~~~:~~~~:id~~~hi:o~'o'rfl~~~ that the amount of
<br />suc1h~~~~~~~~~h:lf~ri~i:f~~~~~~9~~~1~n~Ylha;e~~,S~lf~~ee~~~:g~rn~~~~~:rps~~~~t ~~:ff~~0~::3rn ~~~d~~~~~~i;:;'~I~h:J
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<br />under paragraph 2 hereof or, II nol paid in such manner, by Borrower making payment, when due, directly to the Insurance
<br />carrier.
<br />All insuranco policies and renewals Ihereol shall be In form acceptable to Lender and shall include a standard mortgage
<br />clause in 'avor of and in lorm acceptable to lender. Lender shall have the right to hold the r.Ollcies and renewals thereof. and
<br />Borrower shall promfctly lurnish to Lender all renewal notices and all receipts of paid pram urns. In the event of loss. Borrower
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<br />Property damaged, prOVided suc~ restoration or repair is economically feasible and the security of this Deed of Trust 15 not
<br />thereby im~alred. II such restoration or repair is not economically feaSible or If the security of this Deed of Trust would be
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<br />~:~=;llf~~~s~:~nc~r~;=~~~: ~e w:::~~~~~. t~~ir~r~~;~rl~~~rot~~~~:~3 t~t C~~~~~~U~rne ~G~~~~ :~~~Yitf:~da~
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<br />notice Is mailed by E:nder to Borrower t~at the insurance carrier offers to settle a claim for insurance benefits. Lender Is
<br />rhU~~<::~~S:~r~eg~ ~g~ a8~~ t~ri~~~t~ance proceeds at lendel's option either to restomlion or repairot the Property or to
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<br />Unless Lender and Borrowerother~ise agree in writlng,anv such application of proceeds to principal shall not extend or
<br />postpone lhe due date of the monthly Installments relerred to In paragraphs 1 and 2 h.ereof or change the amount of such
<br />Installmenls. If under paraaraPh 18 hereolthe Property 15 acquired by Lender, all rlfl.:'t, tllle and Interest of Borrower In and to
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<br />:~~l~n~~~:~~t:~;~et~~~e l~x~~~tt~lt~h:~~~:::~;do~~~r~t~~~o~ ~~~~~::ged::':~Pp~~r~~~~tghth~r:~rO~~~~~I~~~n
<br />kee~ t~~:~7:;~:~~~:~:;3:~:~~~~~~1t.':::::~r~~~~~t,.~nI~r:~:~~~r:t~r?~~t:~~r:;::~~o~;{yo:nBJ :~:l:
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<br />comply with t~e provisions of any lease II this Deed 01 Trust Is on a leaseho~.lfthI9 Deed of Trust Is on a unit In acondomlnlum
<br />or a planned unit development. Borrower shall per10rm all of Borrower's obligations under the declaraUon or covenants
<br />crf:#ating or governing the condominium or planned unit development, the by-laws and regulations 01 the condominium or
<br />~nned unit development. and constituent documents. II a condominium or planned unit aevelorcment rider Is excuted by
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<br />Int~~~3~~~11 ~~c~~g~~~'~~~T~::~~, \~i: ~~::n~~T~~~~t~;r:;'r:~~t~t~r:h~5 a8~:"61~~~~: :~ft~~ed~d:~~~~: ~ng~:r~:~~
<br />7. ProIectioI1 of lend..... Security. If Borrower lails to perform the covenants and agre~ments contained in this Deed 01
<br />~~~O:oi,t:~rn:~~~~~~rri.~~:rJ~~~;.~~::~~~e~::lrg::r:~~~g~~~~~~~g~~;~T~~itl~V~I:i~~ofg~k~~~lt:)~~~~ri~
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<br />then Lender at Lender's option, upon notice to Borrower, may ma"'e such appearances. disburse such sums and take such
<br />action all II neceuaryto protect lender's Interest, Includ~, but not limited to, dlsbursementof reasonable attorney's leesand
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<br />~~C~r-fr~~l~~~~~~~~~~p:~~s~~:~I~~~~u7::~g~~r~~~"s~~~Si~~~r~~~I~?nO~r;;:c~~~~n~~~~ ~~CeU~~t~~
<br />=~=e~w.::~~,:.~~~~~,r:3II~~~~g~Ci~~~':~~: ~~~~~i~~ea~~~~~~~~~vr~e~~9~~~::.ntr~~':ffl~~~~.IBW.
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<br />Any amounts disbursed by Lender pursuant to this r.aragrOPh 7, with interest thereon. shall gecome additional
<br />indebtedn... of Borrower secured by this Deed ofTrusl Un BaS Borrower and Lender agree to other terms or payment. such
<br />amountlllhalt be pay.ble upon notice trom Lender to Borrower requesting payment hereol. and shall bear Interest trom the
<br />date of dllburHment at the rate payable tram time to time on outstanding ~rlnciPal under the Note unless paYiment at Interest
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<br />~~f.~b~:-U~;I~P~I;lIob::ra~.I~o1:~~c~~~':aII~~ l~ tr:I~I~~r:~~~~hS~~h8~t~~:~~~ ~~~~e~~:fn~~~~~s~ :~p~~s~~rh:~~ ~~~
<br />action hereunder
<br />th.r-~~~g~~':~r~:~~~~~~rp~::'~~ ::'~~~~~~~:~~6~~g:c~:~I,~~ ~~~~o~~~:~:~~~~:~r~~: ~~~~:~o ~~onv~~~
<br />Interu.i In the Property
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