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<br />88-105412
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows;
<br />1. Payment o' Prfnclpaland lnlernt Borrower shall promptly pay when dUB the principal. 01 and Interest on the
<br />~n~ye~~~~~d~~~i;;:~Jr~e :yD:~ErO~:;;e.rr~~~d latechargesBs provided In the NOle, and the pnnciral 01 and 1"lereston
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<br />on I~.e ~:~~~:~:~=::~"n-:~~Cri.~~i~~~~~~~~t~~~;?~I: ~~~~~l~ ~n~~~~~ ~~r:.rubJ,~rhned~~t~~~r~;r3~~~\~ ~~~~ ~enr~i~
<br />"Funds") equal 10 one-twelfth of the yearly taxes and assessments which may attain priority over this Deed 01 Trust. and
<br />ground rents on the Property. if any. plus one-twelfth ofY-Barly premium Installments for hazard Insurance, plusone..twetrth 01
<br />r:~~~f6~rm~~~~rs~;~:~~~~~e'::~~~cPgilil~9~~~n~:'s~;~e a~~:~~~::~~:r~~f~stimated initially and from time to time by
<br />The Funds shall be held In an institution thedeposlts or accounts of which are Insured or gl.:aranteed, by a Federal or state
<br />~~~~~J~g:~~j~o.n's~~~e~r~;~~~ee~t~~ Ceu;~e~ri,~~s~~~~~~~g~~~~:~ ~~~:n~~~~ ~pepr~i~~~~~ f~Xd~~~n~~I~ga:a~s:~~~~i
<br />~~:StZL~~~~~t~o,:Ji:~~~~~ ~~:~~:.~~~~~~ :~~Sl~~~;~:~~~~~:Y~ ~~~;:{t~~~r~~~r~~:~~~~So'~I:Ff~a~fl~~~
<br />that interest on the Funds shall be paid to Borrower, and unless such agreement Is.made or ap~"calbe law r~ires such
<br />~~:~~ ~t~~~~'~~rd~ :~a~~~ta~~:~i~~:ofrJe,~~~~~~~~~nt~~:~ti~r :~~~~g~i~ \~~ F~~~SS ~~~~~ s ua~g~~efb~
<br />which each deNtto the ~unds was made. The Funds are pledged 8S a~dllional security lor the sums secured bY~IB Deed of
<br />Trust
<br />If the amount of the lunds held by Lender, together with the future monthly installments of Funds payable prior to the due
<br />aates of laxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments. .insurance premiums and ground rents as they lall due, such excess shall be, at Borrower's option. either
<br />promptly repaId to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by
<br />Lender shall not besufficientto pay taxes, assessments. insurance premiums and ground rents as they fall due. Borrowershall
<br />pay to Lender any amount necessary to make up Ihe defiCIency Within 30 days from the date notice is mailed by Lender to
<br />Borrower requestmg payment thereof
<br />Upon payment in full of all sums secured by thiS Deed 01 Trusl, Lender shall promptly ref~nd 10 Borrower any Funds held by
<br />Lender. If under paragraph 1 8 hereof the Propert~ IS sold or the Property IS otherWIse acqUired by Lender, Lender shall apply,
<br />~~~~:11~~~~amc~~~~e~~~r~~~ ~~~h:u~~es~d~~edr~~~~ D~~sda;f'tf';~~~on by Lender, and Funds held by Lender at the time of
<br />3. ApplicatlDn of Perm.n... Unless applicable low prOVides otherWise, all payments receIved by Lender under the Note
<br />and paragraphs 1 and 2 hereal shall be applied by Lender t.rsl In paymenl 01 amounts payable 10 Le~der by Borrower under
<br />paragraph 2 hereof, then 10 mterest payable on the Note, then 10 the principal 01 the Note, and then to Inlerestand principal on
<br />any Future Advances.
<br />4. Ch.rg:..; U.n.. Borrowers shaH pay alllaxes, assessments and other charges, lines and impositiD:ns a"ributableto the
<br />Property which may attain a pnonty o'Ver thiS Deed 01 Trust. and leasenold payments or ground nnts. It any, in the manner
<br />provided under paragraph 2 hereol or, If not paid In such manner, by Borrower makmg payment, when due, directly to the
<br />~ayee thereol. Borrower shall prD:mptly furnish to Lender all notices of amounts due under this paragraph, and in the event
<br />~~~6::~ :~:Ili ~~~~fya~~~h~r~~e;~I:'II~r~~ic~ ~~:~rr~~~~l~~r'~~~~s~:d ~~~~~~t~~~~~~sed.v;~:t"~~~o~;hs~:lr':igr~
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<br />req~ired tOdisC~arge any such lien so long as Borrower s~all agree In Writing to 1he paymenl oflheobligatlon secured by such
<br />lien In a manner acceptable to Lender, or shall in good faIth contest such lien by, or defend enforcement of such lien In,legal
<br />proceedi09s which operate to prevent the enforcement of the hen or forfeiture of the Property or any part thereof.
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<br />aga~n$~roZ::~~~:~~~~~:~:~i~~~~~~h=::~i~~~~~:~:;:~~~~:~dee"JSc~~~r:~~~~~~drS~~~e~rhe;reh:~~~i~stt:~d~r~%i:;:~~~
<br />:~~hnC~~~~a~';~~~~~~~~~~~~~n~~tl~.~~ear~~:~;~~~:J :~%~~~h~r~~~:~'~~;e~.b~~h~hD~';f~~~ Ihal the amount of
<br />suc~h~~~~~~~~~~:1~6~~t~~~~~~9~~~J~~~t~~e~~.s~lf~~ee~~~se~~rn~~~~6:rp~I~~~t ~~:ff~~o~:I:rn~t~d~~~~~~I~::Vi~h=
<br />under paragraph 2 hereol or, If not paid in such manner, by Borrower making payment. when due, directly to the Insurance
<br />carrier.
<br />cla~~~ir;r::~;~f~~I~cii~~o~~d ;~~:;~~~~~6rL~~d~~IL~~~~:~~~lr~~;g~~I.~~~~t~n~~d ~h~ ~~:~i~;~~~er:~::~:~~~~:~~
<br />Borrower shall promptly furmsh to Lender all ~enewal notIces and all receipts of paid premiums. In theeventof loss. Borrower
<br />sha~~li=f~~~J~~~~lg~~;~:~s~~aen,e,~sC:~~~::~nd ;~~~~~;~:~r~e:c~~:~~~~c:,~lf~~~~IP~ ~~:t~~~~g~~~le=~~~~~
<br />Property damaged, provided such restoratio':1 or repair is economIcally. feasible and the security of this Deed of Trust is not
<br />~~~:i~~~~:lr~u~~~6~~;~~=~i~~~r ~:P:~~:fed~~ ~~~.~~~~~~~~~:;lg~et~rsI6t~~ s~lc~~~~t;~W~~~e:c~~.~~tn~,O~~?d ~~
<br />~t7riei:r ~~~~~ ~~E:~~~ ~:~~~on~r ~~a~~r~r:,~~r~rnl~~~~:~roW~I;s tfor::~~n: 6far~f~~~~i~~~"n: g:~~:i~~L~n~~~':
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<br />~hu~~~~ ~~r~eg~ a~~ ~ t~rT~~~;ance proceeds at Lender's Clptloneithef to restoratron or repair of the Property or to
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<br />Unless Lender and Borrower otherwise agree In Writing, an~ such application 01 proceeds to pnncipal shall not exlend or
<br />postpone the due dale of the monthly Installments referred 10 In paragraphs 1 and 2 hereal or change the amount of such
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<br />~n;~~~e~~c~ ~~,~~~r:9~~~ci~o ~~~~,r~~::~fh':,~~ :'e~~~:t~f~J~d~~~~~~~jrel.~~t~~:~ ~r~~~~~tth~~~~~:~~uf~~~~
<br />shall pass to Lender to the exle"t of the sums secured by this Deed of Trust Immediately prior to such sale or acqUisition.
<br />kee~ t~~'~na;:,:a:~:~.:nC3 ~:r':f::~~;;r:':==:~r~~~~~trr~~~=~~~r3:t~r~~r~:~~~rt~~o:~o:nd:~:11
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<br />comply with~proviSions 01 any lease illnis Deed 01 Trust ison a leasehold. If this Deed of Trust ison a unl1 in a condominium
<br />or a planned unil development. Borrower shall perform all of Borrower's obligations under the declaration or covenants
<br />creating or governing the condominium or planned unil development.. the by-laws and r.egulations at the condominium or
<br />&Ianned unit devektpmenl and constituent documents. II a condominIUm or planned unit de'Velopment rider is excuted by
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<br />In~~r~~:~~~I~ ~~eo~~e;:,~~~~~f~:~~t ~~i: ~;::n~~i~~~~t~~r~:~~t~t~r1~?S a8~:~?~~~~: :~ft~~~d~~:~~~~: ~n~~~ho~~~~
<br />7. Protection of Lend..... Securil)f.lf Borrower fails to perform the covenants and agreements contamed In this Deed of
<br />~~~~~~~f:m"rn:~~:~~rri~~=~}~gd;,~~:'ee~~e:~nrg~~~~g~ffr:~IS~~g~~~~~~~~ti~v~~I~~of~~k~~~tUo~I~~:J~~~
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<br />then Len~er 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. inClud~, but not limited to. disbursement of reasonable attorney's fees and
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<br />~e~~~h:~~l~~~:~~~~wppa~~J:eL~~::~~~~~u~~~g~~r;~r~ns~~~si~;~~~~~~no~r;;~li~~m~~~; ~~U~~t~~
<br />==~~r~:~~~u,:~~~~~i~~~~~g~Ci~~~:~~:~~~~'7:~ea~~~;:~~~'~'V'fJ~e~~9~~r::'antr~~~CI~~~=.law.
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<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with mterest thereon. shall ~come additional
<br />Indebtedness of Borrower secured by this Deed of Trust Unless Borrower and Lender agree to other terms or pl!lymenl such
<br />amounts shall be payable upon notice from Lender to Borrower requesting payment hereot, and shall beaf interest Irom the
<br />date 01 disbaJrsementBtthe ralepayable from time 10 time on outstanding ~rinCiPal under the Note unless patmenl 01lnleres1
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<br />~f~~~:u~3~;:Pt;i~ob7~rra~ ,~o~~~~C~~~':a~~:d:~ t~i~i~~r:;~:~hs~~ha~I~:~u~:~ ~~~~e~~~:n~~~~~~ ea~p:~s~~rh::~ ~~~
<br />action hereunder
<br />tha:J~g~::~':::~rn;,~~~~rp~~~~ ~on~~';,~~~~:~~~~b~~:c~~ll~~ ~~~~o~"a~:~~~~~~~~:I~I~: ~~I~~:~rO ~~onv~~~
<br />Inlerest In thtJ Property
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