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DEED OF TRU4i $6i-► 104936 Borrower covenants that Borrower is lawfully seised of she estate hereby conveyed and has the right to grant and zonvey the Property, that the Property is unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and demands. sulsiect to any declarations, esisements or rsntritZions list is a bed or rte,.._ s_._g in any titlit s POUC insuring Lender's interest in the Property; r. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1„ Payment of Principal and Interai. Borrower shall promptly pay when due the principal of and interest its the mdebtedn =evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed Of Trust. 2. Funds for Tartar sad Inauraea. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly installments of principal and interest are payable under the Note. until the Note is paid in full, a sum (herein "Funds ") equal to one- tweirth of the yearly tortes and assessments which may attain priority over this Deed of Trust, and ground rents on the Property, if arty, plus ime- twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium installments for mortgages insurance. if any, Ali as reasonably estimated initially and from time to Circe by Leader on the basis of assessments and bills and reasonable estimates then-of. The Funds shall be held W an institution the depoxits or accounts of which are insured or guaranteed by a Federal or state agenct (includinit Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments, Insurance P=entiums And ;ground rents. Lender may not charge for so holding and Applying -the Funds, analyzing Saul account or verifying and compiling &wd assessrrenis and bills, unless Lender pays Hot rowet interest on the Funds and applicable law permits Lendet to make such a charge. Borrower any# Lender may agree in writing tit Of! time of execution or this Weil trf Ti ust that interest ou the Funds shall be paid to Uar; own-. and unless ri h ag.-rinmem is iTiadc o?,