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86- 1003'74
<br />UNIFORM COVLNANI1. 110MINN , and I ender „',,mini alld ,tgra'e .1,
<br />Bonnwcl ,hall p.tk when ,file Its,: pinleq,al of and intelc,t on the
<br />1. Payment of Principal and Interest. promplIN
<br />dell .n [tic Noic, and file prinklpal of .old Interest
<br />ndcbledncss evidenced by the Notc. prepayment .rill] I.tC charge, .I, prof
<br />oil ;sit) 1'111 tire Advallecs 1c, IIr,,,' h\ Ill-, 11eeal 1 11.x,1
<br />Insurance. Suhie,t to aPillI able L,w or ro it w rluen waiver by I ender. Borrower shall pay
<br />j� 2. Frrrk for Taxes unit
<br />` to Lauder on the day, monthly installment, of I)$ In, .,rid urtcrC,I arc p:n,Ibte under the Note. unttl the Note is paid in Lull.
<br />river this
<br />a sum (herein "Funds'1 equal to onc - twelfth of the yearly tasea :Ind n.c„ment, which may attain prrority
<br />In,clfth of prenuunl installments for hazard insurunCe.
<br />[)Led of Trust. and ground rents on the property. If any. 11111, onc- yC:u9y
<br />insul.u,ce. It all a, reasonably estimated initially and Irons
<br />plus onc-tweltth of yearly premium mslalrmenis for mortgage .Illy.
<br />lilt, Ica,ana le estunates there'll.
<br />time u+ time by Lender on the basis of assessnunu and ,uul
<br />The Funds shall tK held m :m a »IitWiun the dcpo,lr, or aLCOtlnh of which arc insured of guar,utced by a Federal or
<br />state agency (including Lender if Lender is such aril inxnuuom. I endCF ,hall Apply Use Funds n, pay said tales, as, ssmsnts•
<br />the Fonds, :ulalynng said account
<br />inxuLelcc premiums and ground rents. Leader map nn charge tO1 ,o holding :Ind applying
<br />I Borrower interest nn the Funds and applicable law
<br />or verifying and compiling said a,sessmen[s and bills. 11nlc„ ender pay,
<br />Louder a, make such a charge. Borrower and Lender 11, 1 .(glee nn writing at the Inne of exel.nitlon of this
<br />law.
<br />permits
<br />Decd of Trust [flat interest nn the Fund, shall he paid to Horn,w ;.. ,,rid unit„ ,tlLII agrcennelll Is made of applicable
<br />the Funds. Lender
<br />aquires such interest to hit: paid, Lender shall not he required fo alas, li.mowci any rrnlclesl Of earning, on
<br />Jchrts to the Funds and the
<br />,hall give to Borrower. without charge. im annual accountnl9 ..I the Fund, ,hawing credit and
<br />additional security for the sums secured
<br />purpose for which each debit to the Funds was made. I he Fund, are pledged as
<br />by this Deed of Trust.
<br />If the amount of the Funds held by Lender. Iogcrfist „1111 the suture nu,nlhly in,rallnnsnu of Fund, payable poor to
<br />tales.
<br />the due dates of taxes. assCSSmellta, nnSUrlutcc premium, .11111 grouml rents, shall cseced the anwunt required to pay laid
<br />he. Bonowcr', option, either
<br />usessmcnts, insurance premiums and ground rents a, tile, (.III slue, ,nth ncc„ ,h.,ll al
<br />Borrower o[ credited to Borrower an nrLntihly usc,llmcnu of F'unJI II Uri amount of the Fund,
<br />promptly repaid ul
<br />held by Lender ,hall not be sufficient 1a pay late•,. a„c „Ille•n1,. Insurance prcnlrunns and ground rent, s they fall due.
<br />da„ from the date notice is mauled
<br />Borrower shall pay to Lender any amount necessary to make up life delielCncy within 30
<br />by Lender to Borrower requesting payment thereof.
<br />in full of all stuns secured by runs Dccd of l iu,i. I ender ,hall pro-aplly ICfund a, Borrower any Fund,
<br />Upon payment
<br />held by Lender. It under paragraph 18 hercof the Property r, sold r,r the properly 1s afhcr,s,sc aaluired by Lender. I ender
<br />by Lender. any Funds held by
<br />shall apply. no hater than immediately prior la the sale of the Property or it, acquisition
<br />Lender at the time of application as a credit against the win, secured by this Decd of Trust.
<br />all lecercad by Lender under the
<br />3. Application of Payments. finless applicable I.rv, provide, otherwise. paymcnr
<br />1 and 2 hereof ,hall lx: applied by I circle[ fil,t 11 payment of amount, payable IL, I ender by Borrower
<br />Note and paragraph%
<br />under paragraph 2 hereof, then n to interest payable o the Note. then to the pruley,al of the Note. and then to interest and
<br />principal on any Future Advances.
<br />4. Charges: Liens. Borrower shall pay all tales. a,sc,snncur. ,,nit other ,barges. tine, and nupusnwns anrihutahlc m
<br />the Property which may attain a priority over tills Decd of 'roue, and leasehold paynents or ground rents, if any, in the
<br />by Borrower making pay'nlerlt, when clue, directly
<br />manner provided under paragraph 2 hereof or, if not paid fit ,rich manner.
<br />to the thereof. Borrower shall promptly It” "'sit It' I ender :tit noucc, of amounts title under this paragraph, and in the
<br />payee
<br />event Borrower shall make payment directly, Borrower shall promptiy tuuush ft, 1 ender receipts evidencing such payments.
<br />lorrower shall not he
<br />Borrower shall promptly discharge any lien which has prlorifs over tiff, med of I ruse provided. that
<br />1, the of the obligation secured by
<br />required to discharge any such lien sit long a, BollowCr ,hall :. ^for nl ,viune, payment
<br />I,ulh 11Cn fly'. or delend enlr+ICenlcut of such hen In.
<br />such hen in :t manner acceptable to I ender. or shall m good ,airiest ,uLII
<br />the of file lien ur lOr[cntuC of the I'rupeny or an} pan [hereof.
<br />legal pproceedings which operate [o prevent cnfurcenlcnl
<br />S. Hazard Insurance. Bnrrowcr shall keep file mlpnwenlrnf, now csnt,ng ur hCfCatlC[ CICUed on the Property insured
<br />against loss by fire, hazards irlCluded within the lerr11 "CSlende.l ,o,rr.,9c' .,nit ,11th lithe, b,tard, a, I ender play regtme
<br />I ,h.,ll not rcyutc (hat the :unuunl of
<br />and in such amounts and for such permds as I -ender ma, 1c,lune; provnlCd fh.,r cndcr
<br />by this Dccd of I rust
<br />such coverage exceed that amount of coverage rcgtlurd It) p.o the stun, ,ec.acd
<br />by Borrower suhlecl fo app[m.11 h, I CnJec pnwldC,l.
<br />The insurance carrier providing the instu:llnCC ,halt he .hOW11
<br />that such lipprov« 1 shall not be unreasonably withheld All prcnliunls on u1,11r.mCC puhCles shall he paid tit the manner
<br />provided under paragraph 2 hercof or, it not paid in such manner, by Horrowcr making payment. when dew, directly to the
<br />insurance carrier.a
<br />All insurance policies and renewah thereof shall bC In [,1111, a,•_rptahle Io I anlCr :uui ,hall 1nClude a standard mungage
<br />clause in favor of and in form aLecplahle to l ender I critic, ,hall h.nc .`:c fl gill 1 It the pohuC, and renewals thereof.
<br />nl In file Cvcnf of loss.
<br />end Borrower shall promptly furnish f0 Lender :,If rCnCwal uou.t, ..rid all IC,C1p1s p:nd plcm[tmn,
<br />1 I cmicl nma make plool 01 Ios, .( not made prump[ly
<br />Borrower shall give prompt nouCC to the ulSUrtllcc M let .1011 ruder
<br />by Borrower.
<br />Unless Lcndcr and Burrower othe[w�1w agree 111 11101119. .TUl.ulce pr,LeCd, ,h.11l Ise .y,plrcd to Ic,lorauun ur repair of
<br />11111 [)Ceti of Tnlst 11
<br />the Property damaged, provided sash restoladnam .11 lCp.nr 1, C.,n,.vw.alh IC..,IhIC ..rid 1hC ,c,..nfy ,,f
<br />1,.".I,lc of .1 file ....uuy .,I Uri, Wed of 1111,1 woldd
<br />not thereby impaired. II 11101 resiorauon or Icp,ur 11 Llof c,,,mnnl..,ll,
<br />shall be applied to If,,- ,wit, ,C,uICLI by Ihl, DCCJ :d I Its". wlfi, fit,: e ,,,,. if any. paid
<br />be impaired. the insurance proceeds
<br />Borrower. If the Property is abandoned by Borrower, or it Borrower fail, to lc-,pond w, 1 ender wi0m, i(i day, from the
<br />to
<br />date notice is mailed by Lender to Borrower that the 11lsuranti ,.Illlcl ollers w ,c W:: a J-111 for nt,ulanee benefits. I ender
<br />of the Plopeny'
<br />Is authorized to collect and apply the insurance pn rid•. A I ender, optlm. either a. IL,1or,,uun or lepau
<br />or to the sums secured by this Deed of I r1W.
<br />,uCh appbcauon of plo,ccd, to pnnclp.11 shall nol Csrcnd
<br />Unless Lender and Borrower otherwise agree 11, wrrunlf .al,
<br />the due date of the monthly iu,tallmcnt, 1cIc11Cd w 111 isa sag raph, I and ' hereol or Lhangs the :u,nnunl o[
<br />or postpone
<br />installments. It under paragraph Its hercof file I'n+pert r. a, quucd t„ I Lndcl. all nehr. 11 lie and uric r,f of Bonowcr
<br />such
<br />in and to any insurance policies and nn std to the proceed, thc—If resul11n9 soul damage n, the Pn,pert) pnnr to the ,:Ile
<br />hf Ihls Deed of (lust -nunedfatcly prior to wch sale or
<br />or acquisition shall pass to Lender to the extent al the suns , exwed
<br />acquisition,
<br />6. PressVvation and Maintenance of Property; Lvawhtrtds: t'undominiunas; Planted Unit Developments. Bonavver
<br />,hall keep the Property In good repair and ,hall 1101 LU[l,lalf w.1,1C of pLnuo unpau111en1 ,n dCtrlloral -11 of life Pn,perts
<br />and shall comply with the provluons of any lease d this Deed of 1 lust non .1 IcasChold U chi, Deed of Truss 1, on a inn 111 e
<br />condominium or a planned knit development. Horrowcr shall pedolm all of Borrower's obligations under the declaration
<br />development, the by laws and regulations of the
<br />or covenants creating or governing the condominium or planned unit
<br />condominium or planned unit development, and Lonsllt rent documents If it condominium or planned unit development
<br />rider is executed by Borrower and recorded together "fill Uri, Decd of I rust, the Covcnans and agrCCn,ct is of such rider
<br />Decd foist as If the rider
<br />shall he incorporated into and shall amend and supplement [tic covcnanh and agreements 0( this of
<br />were a part hereof.
<br />T. Protection of Lender's Security. If Borrower falls Io perform the covenants and agreements contained in this
<br />Deed of Trust, or if any action or proceeding s alrinnienced whteh malenalb, a IcCls I ender•% uOCre,t m the Properly.
<br />including, but not limited to, eminent domain, insolvency, code cnforccment, or arrmgennenls or proceeding, involving a
<br />bankrupt or decedent, then Lender at Lender's option. upon notice In Borrower, may make such appearances, dahurw such
<br />sums and take such action as is necessary to protect LCndej , 11lrcresl, nlLludung but tint limned to, dishuncmcnt of
<br />reasonable attorney's fees and entry upon the Properiv to make lcpawn It t cndcr required nuatgage insurance :u I
<br />Borrower the reyured to ma rilam such
<br />condition of making the loan secured by this Deed of I'rtsl. ,hall pay p[cimmils
<br />insurance in effect until such Time as the requirement for urLh 1I1%Ur.ulLC ternumrlc, III .icVordancc with Horruwer's and
<br />Lender's written agreement or applicable law Borrower ,hall pay file annuuu of .111 nmrtgage 1n,urancc prennunls tit the
<br />manner provided under paragraph 2 Hereof.
<br />Anyy amounts disbursed by tender pursuant to this paragraph 7, wuh n1cic %I thereon shall become additional
<br />'trust I Borrower I to other terns of pay'nlenl• such
<br />indebledness of Borrower secured by this Deed of nle,s and ender agree
<br />L
<br />amounts shall he payable upon nonce from I sinter to Horrowcr rcquc,ung paymcnr rherCnf, and shall fleas Interest lion the
<br />infere,r
<br />N
<br />dale of disbursement at the rate payable from time u, lime on ouurandu,g pnncq,al slider ,he sic nnlcs, payment of
<br />at such rate would he Lonrrary to applicable law. ul whl,11 even, ,nLh anunnu, ,h,di hear 11Ocrest at the highest rate
<br />permissible under applicable law. Nothing cotranmd 111 fill, palaglaph 7 •.h.,ll iequne I ruler fo tlwur .111y expense or nuke
<br />any schorr hereunder
<br />S. Inspection. I critter nnav make III (suns to hC made r, a„ 1 .j,k w , • ipon loll •loll, , loin, .,1 fit, Pl,gv lit wo—le,.
<br />that I ender shall give Hulf0wer nonce pnnr to anN ,utfi I„ .cl,oed to I ender .
<br />interest In the Property
<br />R
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