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<br />88- 105725
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<br />UNIFORM COVENANTS. Borrower and Lender covenanl and agree as follows:
<br />1. Paymenl 01 Principal and Inler..'. Borrower shall promptly pay when due the principal at end Interest on the
<br />~nn~e~~~~~~e~~g~;:~cbj'~~e ~yO:~ePoe~~\~~~~d late charges as provided In the Note, and the principal of and Interaslon
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<br />on t;e ~~~C:~:J~f::n~~~~~rp~rn~i~~~~~~~,~~;r:r': b~~~~I~ ~n~~~::,ne 'N~~:.rubrltk;:,ned~~t~y~r~~3~~~:~ ~~~~ r~:r~T~
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<br />"Funds") equal to one-twelfth of the yearly taxes and assessments which may aUaln priority over this Deed of Trusl, and
<br />ground rents on the Property, If any, plus one-twelfth cIYBarly premium Installments for hazard insurance, plus one-twelfth of
<br />yearly premium installments tor mortgage Insurance, if any:. all as reasonably estimated Initially and from time to time by
<br />Lender on the basis of assessments ana bills and reasonable estimates thereof.
<br />The Funds shall beheld In an Inslllutlon thedeposlts or accounts of which are Insured or guaranteed, bya Federal or slate
<br />agency (including Lender if Lender is such an Institution). lender shall apply the funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge for so hOldl~and applying the Funds, onalyzlng said account
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<br />o~:~~~~~~~t~o:~~~~~~I: ~~:;:.~~~:~~ ~~~sl~~~:~~:~~~~~:~ Wrirr~;:{t~~~r:~t~re~:~~I~~sO~;I:ca~fl,:~~
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<br />fhat Interest on the Funds shall be paid to Borrower, and unless such agreement Is made or appllcalbe law requires such
<br />Interest to be ~aid, Lender shall not be required to pay Borrower any Interest or earnings on the Furids. Lender shall give to
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<br />~~~~~~c~~egl~:;rha~~~"adnS ~~~~:dci~~~tlP8n~s~~:~~~~:~~:~3dftr~~~~ s~~~~~ ::~g~~~~~~~~~~:dt~~~~~rf':df~~
<br />Trust
<br />If the amount ot 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,
<br />assessments, Insurance premiums and ground rents as they tall due, such excess shall be, at Borrower's option. either
<br />promptly repaid to Borrower or crediled to Borrower on monthly Installments of Funds. If the amount of the Funds held by
<br />Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rentsas they fall due. Borrowershall
<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 thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender,shal1 promptly refund to Borrower any Fundsheld by
<br />Lender. IF under paragraph , 8 hereof the prope~ is sold orthe Property IS otherwise acquired by Lender, Lender shall apply.
<br />~g~n~e~t:~~~~mamc~~~~e~~gr~~r~~~~u~~es~f~~~d rg~~m ~~~sdagf~:~~:~n by Lender, and Funds held by Lender atthetlme of
<br />and3pa~:P:~c:~~or :~:~t':~~~S~~llle~: :~~U;~~; L~~rf~~n~rFn O~~~~~~~of~~~~~~n~~;~~f~~~dL~~~:~g;rB~~~~~~~eu~~~~
<br />paragrap~ 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. Chlry..: Liens. Borrowers shall pay all taxes, assessments and other charges, tines and lmposltlonsaltrlbutableto the
<br />Property wtilch may attain a priority ov~r this Deed of Trust, and leasehold payments or ground rants, If any, In the manner
<br />provided under paragraph 2 hereof or, If not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof. Borrower shall promptly furnish 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 Bny lien which has priority over this Deed of Trust; provided, that Borrower shal not be
<br />r~~i~~ ~~~~;r :~~:g~bf~f~ [:~ds:r,I~~~~:I~~~~~rtin~I~~~~:;tl~:6~W9~~~~rg~~~~t~~:~~c~~~~ttl~ns:~~r~ f:r. r:~
<br />proceedings which operate to prevent the enforcement of the lien or lor1eiture 01 the Property or any part thereof.
<br />5. Hlzlrd Insurlnce. Borrower shall keep the improvemenls now existing or hereafter erected on the Property Insured
<br />against loss by fire, hazards Included within the term "eJttended coverage", and such other hazards as Lender may require
<br />:~~~nc~~~~~~~~~~e~nt~~~~~;~n~~~I~~~:r~~:~~~~~:J f~~~~h~r~~~:~'~~~:e~g~~~~hg~:~~~~~ that the amount of
<br />5uc1h~~~~~~~~~~:lf~~:'r::~~~~~~~~~~I~:Y1hahn~~.s~I~~~ee~~~sseg~rn~~~~~~:rp~~~~~1 ~~:fl~~0~::3rn Lt~~d~~~~~~~r~~I~h~
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<br />under paragraph 2 hereof or, If not paid In such manner. by Borrower making payment, when due, directly to the Insurance
<br />carrier.
<br />All Insurance policies and renewals thereof 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 havathe right to hold the COllcles and renewals thereof, and
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<br />~~~Wg~:: ~~~ P[~~r~~t~r~~sl~~~;ae;cd:~::~r:~:~a~~~~i;~i:~~:~~:~~~:~r~b1 g{ro~s ~r:,~tl~~3ee~~n~~~I~~~':r~g:::.
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<br />Unless Len:fer and Borrower otherwise agree In writing, insurance proceeds shall be applied to restoration or repair of the
<br />Property damaged, provided such restoration or repair Is economically feasible and the security at this Deed of Trust Is not
<br />thereby im~alred. If such restoration or repair Is not economically leasible or If the security of this Deed of Trust would be
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<br />~~~:;.tlf ~~~s~i~n;~[:~g:~~~~:~ ge :cfr~~~~~, t~~ir~~~~:;~r:ft~rol~ D~~ t~ ~~~~~~~~rne :G~:~' :~~~Yi~a~da~~
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<br />notice Is mailed by Lender 10 Borrower t~at the insurance carrier offers to soble a claim for Insurance benefits, Lender Is
<br />~hu~hs~:;~~~~~~e~~ ~~~ ~C~~ t~r~~~~{ance proceeds at lender's option either to restoration or repair of the Property or to
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<br />pos~~~~St~:nd~e: ~~~ ~~r:ho:~~~\~f:i~:rafl~:~t~ r:f~t:~Ja ~~y~~~~:~~g~:t~o~~~ ~r~~~:~f9 ~~ gh~;~~a:~~:~~~tn~x~r~~gh
<br />mSlallments.lf under para9raPh 18 hereof the Property is acquired by Eender, all rl(l,ht, title and interest of Borrower In and to
<br />:~~I\":::~~t~~~;~et~ ~he i~x~~~t t~ftr~f~~~ese::~~~~o~:~~~~t~~~~o::: ~~~~~~~ed~r~~Pp~~r~~~~tg~~f:~ro:::~~m~~n
<br />kee~ 1~~.~~rv:~~nB~~o~~~:?r.a";3:~~r~':;~~~~~t':::::~ir~:~~t~:I~rr~:~~~r~t~r~~'r~t:~I~rtr;::~~~:~o:nBJ :~:ll
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<br />comply with I~e provisions of any lease If this Deed of Trust is on a leaseho~.lf this Deed 01 Trust is on a unit In a condominium
<br />or a planned unit development Borrower shall perform all of Borrower's obligations 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 />intg~~de~~~~ ~~c:ri~:~~o~~~~r~:~~, ~i: ~~~n~~~~~dt~~r~~"r:~~t~t~:~~s a8~:~~r~~~: :~ffh~~~~:~~~~: ~n~~r7'~:~~~~
<br />7. ProtecUon ot Lend.r', Security. If Borrower fails to perform the covenants and agreements contained In this Deed of
<br />J~~Ot~i,fea~rn~~~~~~~r~~~:~~~~;. ~~~::~~~~e~~hnt::~~~~g~~~~~;g~g~~;~;~~~~~tl~V~:i~~Of~~k~~~ltU~I~~~~~~~
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<br />1hen 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, Including, but not limited to, disbursement of reasonableafforney's fees and
<br />entry upon the Property to make repairs. If Lender required mortgage Insurance as a condition of making the loan secured by
<br />the Deed of Trust, Borrower shall pay the premiums required 10 maintain such Insurance in effect until such time a5 the
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<br />~~~'::re~~~~r ;~:ll;~~u:.~~~~ b,r~i~~~~~g~Ci~~~:~~: ~~~~~~rner~ea~~~~~~:~~vfJ~e~~9:::,r:~nt:;'~~CI~~~:0~.law.
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<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with Interest thereon, shall gecome additional
<br />Indebtedness of Borrower secured by this Deed ofTrust Unless Borrower and Lender agree to other terms 01 payment such
<br />amounts shall be payabte upon notice from Lender to Borrower requesting paymIJnt hereof, and shall bear Interest from the
<br />dale of dllburemen1a1 the rate payable1rom tlmelo time on OU1standlng hrlnclpal under the Note unless patment 01 Interest
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<br />~~~f~I~~eU~::::p~~lccaOb~:ra~,I~o~~~~~:~~~~:d :~ t~i~I~=r:~~:~hs7~hajt~~Quui~ L;~~e~t~rn~~~~~~t ~tp~~s;~~:k~ ~~~
<br />action hereunder
<br />I. InlpecUon. Lender may make or cause 10 be made reas~nable entri,es upon and Inspections of Ihe Propeny, provided
<br />that Lender shall give Borrower notice prior to any such mspectlon specifYing reasonable cause Iherelore related to Lender's
<br />mteras1 10 1he Property,
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