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88-106743 UNIFORM COVENANTS. Borrower and Lender covenanland agree as lallows: 1. P.~m.n' of Principal and Int.r..'. Borrower shall promplly pay when dUB the principal of Bnd Interest on the ~n~e~~~~:~~:I~~~;:~cbJr~hde ~vOi~ePD:::l~V'r~~~.d late charges8s provided In the Note, Bnd the principal of and Interest on on t~e ~~~:o~r~:~::n~:n~~~r"p~rn~~~l~C~~~~t~~~~ta:: ~~~~~l~ ~n~~~~io ~~r:.rub~l~rhnedN~t~::::rg~~~I~ ~~~~ t~~r~r~ "Funds") equal to one~twBltth of the yo'arly taxes and assessments which may attain priority ovor this Deed of Trust, and ground renls on the Property, It any, plusone..,welfth o'YtoarlY premium Installments forhazsrd Insurance, plus one-twelfth 01 r:~~~f6~~~~b~~r&~i~:~~:~e~t~~~?gllll~s~~~n~:s~~~lla a~ls:~~::~~:~~f~stlmBted Initially and from time to time by The Funds shall be held In an Institution the deposit.' or accounts of which are Insured or guaranteed, by a Federal or state ~ngs~~~J~~~~~ru~'s~~~e~r~uL~~~:~t~~ ~~ncSe~~~~B~~~~~~~g;'~~:~ ~~I~ln~f~~ ~h:pf~I~~~~~ f~XdB:~n::t;~~:::I~s:~~~~i or verifying and compiling said assessments and bills, unless Lender pays Borrower Interest on the Fundsand applicable law permits Lenderto lT1ekesuch acharge. Borrowerar.d Lendermayagree 1n writing at the time ofexBcution of this Deed of Trust that Interest on the Funds shall be paid to Borrower, and unless such agreement Is made or appllcalbe 10 h interest to be ~ald, Lender shall not be reqLlired to pay Borrower any interest or earnings on the Funds. Len to ~~~~'h~O:ch':BgN~grri~V:~~~s ~~~~aadc~~~~W9n~~~~:~~~~:~~~nadft~~~~r S~~~~~f~~ ;~:S~~~"s~~~~:d eed ~~ Trusl If the amount of the funds held by Lender. together with the future monthly Installments of Funds payable prior to the due dates or taxes, assBssments. insurance premiums and ground rents, shall exceed the amount required to pay said taxes, a~g~s~~~~tsBii~~~r~~~r~~~~rg~u~:d~t~ r~oB;r~or:~~o~s ~~~Yh~~I~n~~il~~~S e;fc~~~dSs~~/lt~:'a~:uOn~~f:f[~S F':fnt~o:h:l~h~r ~ender shalf not besufflclenttopaytaxes, aSS6ssments, Insurance premiums and grou.,d rents as they fall dUB. BorrowershaYi pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice 15 mailed by Lender to Borrower requesting payment thereof. Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Lender. It under paragraph 18 hereof the Property is sold or the Property is olherwise acquired by Lender. Lender shall apply, no laterthan immediately prior tothesale oltha Property or its acquisltfon by Lender. and Funds held by Lenderatthe time of application as a credit against the sums secured by this Deed of Trust anlpa~:P:~C:~~Dr :~:~Yh~~:~~~~llle~: :~~llil;~~; L~~J~~fi~~;tn O~~~~~~oi~~~~r:;:=;~~~:~~~1~t~~a:~g:r~~~~~~eu~g~~ paragrap~ 2 hereot. then to interest payable on the Note, then totheprincipal of the Nole, and then to Interest and principal on any Future Advances. 4. Chlrg..; U.n.. Borrowers shall pay all taxes, assessments and other charges, fines and Impositions attributable to the Property which may attain a priority over this Deed 01 Trust, and leasehold payments or ground renls. if any, in the manner provided under paragraph 2 hereof or, il not paid in such manner, by Borrower making payment, when due. directly to the payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly. Borrower shall promptly furnish to Lender receipts evidencing such payments. Borrower shall ~romptly discharge any lien which has prlority over this Deed of Trust provided, that Borrower shall not be ri:~ui~~d~Oa~~;r :~~::~bf~f~ ~~~ds~r ~~~~~:I~r~~~~rf~r:I~~~rt:~~~:ri~W9~~~~r~~~~~t~~~~c~~~~ttl~"s~ul~ ~r:~ proceedings which operate to prevent the enforcement at the lien or forfeiture of the Property or any part thereof. 5. Hazard In.urlne.. Borrower shall keep the improvements now ex:lstlng or hereafter erected on the Property insured against 1055 by fire. hazards included within the term "extended covera~e", and such other hazards 85 Lender may require :~g~~~~~~a~~~~~~nt~~~~~;~n~~~i~g~:r~~~~~~~:J :~~~~h~r~~~:~,~~~~~~~~g~:~~~~ that the amount at suc~h~~~~~~~~~~:lf~~~':Jt~~~~~~~~~bl~n~~thahe~~.S~li~~ee~~~:~~rn~~~~~~:rpso~~~~t~~:ft~~0~:13rnL~~d:~~::i~~~i~':: unaer paragraph 2 hereof or, if nol paid in such manner, by Borrower making payment, when due, directly to the insurance carrier. All insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage clause in favor of and In form acceptable to Lender. Lender shall have the right 10 hold the ~OlicieS and renewals thereof. and ~~~rrg~ve~ ~~~~ Pf~~tfctllt~~~Si~~~i:~~ee~:~~[:;:ri:Jal~~~;~t:~~:~~i~~~=:~~~b~ g{ro~ ~r:,~:~~dee~~~~~~~.::::::, . Unless Len~er and Borrower otherwise agree In writing,lnsurance proceeds shall be applied to restoration orrepairofthe Property damaged. provided such restoration or repair is economically feasible and the security of this Deed of Trust is not :~e::i~~~~~:i{:~:~~~;~~~~~D~~~i~h~r ~:Paa~~:r~~~ ~~~~~:~:~~~:dlg~et~rslb~:lgr~~~tO~~~~e::c~~r::~~~~~?d ~ ~~t~ei:r~~1re~ ~:E:~~~ ~~~~on;~r ~h:nh~~;~;::~~~~~:~~~:~s tfor::~~n~ ~fa~~nfg~~~~~n~ g:~~:i~~L~hn"rJ~~~: rhu~~~:~~~~~~e~ ~g~ 8Jf~~ I~,ei~~~[ance proceeds al Lender's option either to restoration or repair of the Property orto Unless Lender and Borrower otherwise agree in wrlling,an-v such application 01 proceeds to principal shall not extend or postpone the due date of the monthly installments relerrad to In paragraphs 1 and 2 hereof or change the amount of such tnstallments.1I under paraaraPh 18 hereof the Property is acquired by Lender, all rilJ,ht, title and interest of Borrower in and to :h~IIr":~~:~gt~~~~~et~ ~~e i~x~~~ttgf~~t~~~e:~:~~~:o~~~~t~~o~ ~~~~?~:::ed~r~I~Pp~rcrr~~C:utg~h::'i:~rO:~~~~~~~n kee~ t~~~:~~:~~:~~::rrll:nC3 :~:~~~*~rt'::::~r~~":n~trr~'~r;~:~~~r;t~~~t~3ci~grm:~~=::vo:'neJ:~:ll comply with t~e provisions of any lease if this Deed of Trust Is on a leaseho~.lfthls Deed of Trust Is on a unit In a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the declaration or covenants creati~ or governing the condominium or planned unit development, the by-laws and regulations of the condominium or r:~we~~~dd:;~~:::rtr;]g:~~;~~tl:~~n6:~~Tf~~:t.I:h~ ~~~~~~~7~ua~3~ P~:~~e:n~n~f~~~~~f:Jr::~~~~lrg~I::'~~~~t~ into and shall amend and supplement the covenants and agreements of this ~eed of Trust as If the rider were a part hereof. 7. Protection 01 Lend.'. Securt'~.1f Borrower falls to perform the covenants and agreements contained in this Deed of ~~~O[o~f:~rn:~~~~~~fri~~:~~~Nd:.~,:;:~g~e~~hnr::':~~~g':,~~~~~~g~~~ei~::~~~ti~V~:i~~of~~~~~tu::~~~~~~~ then lender at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums and take such action as is necessary to protect Lender's intereat, lnclud~, but not limited to, disbursement of reasonable attorney's fees and :~7>~~rf~~~~rtr;~~~~~~~3~~~B~e~~~~~~~f~~u~:,g~~r"s~~~~~~~8i~~~:it~~~~nO~~tl~~~n~~:~ ~~~U~~t~~ requlrementfor such Insurance terminates In accordance with Borrower's and Lender's written a~reementor aPfllcalbe law. Ba~~e~~~~rsaYd~g:=n~yOfc::~:r~rtg~~eu~~tu~nfh~r~~u~Spi~ ~e ;;::.nr~t~~~~~I~he:~n,e~~:Ir'~~a:':ne ~d~fttonal indebfedness of BofTower secured ~ this Deed 01 Trust Unc's8 ~rrower and Lender agree to other terms of payment, such amounts shall be payable upon notice from Lender to Borrower requesting payment hereof. and shall bear Interest from the date of disbursement atthe rate payable from time to time on outstanding ~rlnclPal under the Note unless pa~ment of interest ~~~fs~~~eu~~~~~p~l;ao~:ra~.t~D~~~~c~~~~~~':d:~ :i~i~~r:~~~~hs~~ha~I~~uu1~ ~~~~e~f~rn~~~~~S~ eaip~~s~~~:~~ ~~~ action hereunder. tha~U:=:rrg~~~~r~:~~~~~~rp~~~~ ~on~~~J,4~~~:~~~~b~geec~~li~~ ~~~~o~~~:~~~;t~~h:~,~hr: ~e'f'Jt:~o ~~on~~~ mterest in the Property. .