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<br />S7- 105473
<br />Viouroatm CovaNAerTs. Borrower and leader covenant and agree as follows:
<br />1. Povmavil of Privellid said Istilerea. Borrower shall promptly pay when dux the Principal of and interest on the
<br />indebtedness evidenced Note, pre ytneat arts# laic charges as provided in the Note, and the principal of and interest
<br />cut an Future Advances cured by this d of Trum,
<br />Vm6 he Tom rah hiscansacir. Subject to applicable law or to a written waiver by Leader, Borrower $bell pay
<br />to Leader on the day mocithly Instalments of principal and Interest arc payable under the Note, until the Note is paid in full.
<br />a was (berein " ") equal to onsi-twill'th of the yearly taxes and assassments which may attain priority over this
<br />Dead of Trust. and ground rem on the Property, if any, plus one twelfth of yearly pas installments for hazard insurance,
<br />Phu one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to limo by Lender on the basis of maciaments and bills and reasonable estimates thereof,
<br />The Funds tdtall be hold in an inttitutism the deposits or accounts of which are insured or guaranteed by a Federal or
<br />stabs agency (including Leader if Leader is such an institution). Lander shall apply the Funds to pa said taxes, assessments.
<br />insurance premiums and ground rents. Lender may not charge for to holding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessments and bills, unless lender pays Borrower interest an 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
<br />Dead of Test that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Leader shall not be required to pay Borrower any interest or earnings on the Funds, Lender
<br />shall give to Borrower, without charge, an. annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was mate. The Funds are pledged as additional purity for the sums secured
<br />Y this Dead of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dawn of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessincrits, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />prompdy repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be wfticient to pay taxes, assessments, insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Leader any amount necessary to make up the deficiency within 30 days from the date notice is mated
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. if under paragraph 18 hereof the Pro perty is sold or the Property is otherwise acquired by Lender, Lender
<br />stall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender at the time of amfication as a credit against the sums secured by this Deed of Trust.
<br />3. Application cif toyweme. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragrar1herecif. s 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Under by Borrower
<br />under paragraph then to interest payable of the Note, then to the principal of the Noe. and then. to interest and
<br />prince on any ture Advances.
<br />principal Liles. Borrower shall pay all taxes, assessments and other charges. fines and impositions attributable to
<br />the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />mater provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when dux, directly
<br />to the payee thereof. Borrower shall promptly furnish to Lender all notices of amounts die under this paragraph, and in the
<br />event Borrower shall make payment directly. Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority over this Deed of Trust; provided, that Borrower shall not be
<br />required to discharge any such lien so long as Burrower shall agree in writing to the payment of the obligation secured by
<br />such limn in as �mgasnner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien in.
<br />legal p iio which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S !(tasri Imaaramae. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />It kits by fire, hazards included within the term "extended coverage , and such other hazards as Lender may require
<br />and in such amounts and for such periods as Lender may require; provided, that Lender shall not require that the amount of
<br />such coverage exceed that amount of coverage required to pay the sums secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender: provided.
<br />cut such approval cull not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner
<br />provided tu0dar paragrapb 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />r catr�.
<br />AN insurance policies and renewals thereof shall be iie'.form acceptable to Lender and shall include a standard mortgage
<br />clam in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof.
<br />and Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of loss.
<br />Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trust is
<br />not the,aby impaened. if such restoration or repair is not economically feasible or if the security of this Deed of Trust would
<br />be impaired, ate irw►rance proceeds shat! ix ageplxd rot the sums secured by this Deed of Trust, with the excess, if any, paid
<br />m Borrower. if the Property rs sbandoed by Borrower, or i( Borrower fails to respond to Lender within 30 days from the
<br />ditto ru : is eauilod by Lender to Borrower that the insurance carrier c:Bers to settle a claim for insurance benefits, Lender
<br />is authorised to a discs tutld apply rho insurance proceeds at Lender's option either to restoration or repair of the Property
<br />of m the sraas aecurod by this � Trust.
<br />U Lender and Borrower otherwise agree in writing, Tny such application of proceeds to principal shall not extend
<br />or postpone the due data of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments. if trader paragraph 18 hereof the Property is acquired by Lender, all right, title and interest of Borrower
<br />logoinesnramoe poNc and in aced to the proce�ts thereof tesulling from damage to the Property prior to the sale
<br />shah gene to Lender to the exteat of the sums secured by this Deed of Trust immediately prior to such sale or
<br />evmfMw aM Ii�iaseaamce tat party, LeateeAei6; C • gaged Usk Developments. Borrower
<br />e Property in good repair and shall not commit wale or perms impairment or deterioration of the Property
<br />tply witfi t11e provisions of any lease it this Decd of Treat is on a leasehold. if this Deed of Trust is on a unit in a
<br />or a plermed (unit deveioprtent, Borrower shall pedorm all of Borrowers obligations under the declaration
<br />creating or governing the condominium or planned unit development, the by -laws and regulations of the
<br />or Alarmed unit development, and constituent documents. If a condominium or planned unit development
<br />by Borrower and recorded together with this Heed of Trust, the covenants and agreements of such rider
<br />shall be incorporated into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider
<br />7.'htI0eM . of La WWs %so ty. If Borrows, fails to perform the covenants and agreements contained in this
<br />Dead of Trots, or it any action or proceeding is commenced which materially affects Lancer's interest in the Property.
<br />Nowo, etrtineat domain, insolnreacy, code enfordxmeat, or arra meats or proceedings involving a
<br />Lander at Lernder's option, upon rutice to Borrower, may make such appearances, disburse such
<br />as is ry to I Lender's enteral, including, but not limited to, disbursement of
<br />sad sorry sport the anyy to make repairs. tf (sander required murtpge insurance as a
<br />asa by the Dsed of Ttnst, Borrower shall pay the premiuts required to maintain such
<br />time a tfaa taquirrpnent for sueh irsurancc terminates in accordance with Borrower's and
<br />or a (acv. Borrower shah pay the artmu►nt of all muntpp insurance premiums in the
<br />2 by nt to ties paragraph 7, with interest thereon, shall become additional
<br />by this of Trust. ltnlas Borrower and Lender agree to other terms of payment, such
<br />smaccaft awn be notes from r to Borrower requesting payment thereat, and shall bear interest from the
<br />does of dimbuinateasim M the mist payablit from lime Ia lime on outstanding principal under the Note unless payment of intarext
<br />ot Assets race would be contrary to Applicable law, in which event such amounis shall bear interest at the highest rate
<br />lean. Nothing c in this paragraph 7 shall requite (..ender to incur any expense or take
<br />46 tscider may make tr cause to be medc raaisrnable entries upon and inspections of the Property, provided
<br />MN I ice prior to any such 1111POCtitm specifying reasonable came therefor related tor► t coder's
<br />in the P190MV
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