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<br />UHRFMM CACNV"awT% Burrower and Lender covenant and agree A% follows: 85 000948
<br />1. hyoid ad Prleelpal flied Insatiate. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Noss, prepnyaseal and late charges M provided in the Note, and the py cipsl of and interest
<br />on any PtiNure Advances secured by this Deed Of. Thiel.
<br />1 Pltnir flee Tttso ad Iwnncs. Subiwo: to applicable law or to a written waiver by Leader. Borrower shelf pay
<br />to Lender on the day monthly installments of principal and interest arc payable under the Note, until the Note is paid in full.
<br />a sum (herein "Punk') equal 1w one - twelfth of the yearly tastes and assessments which may satin priority over this
<br />Dad of Trust, and ground rents on the Property, of any, plus one - twelfth of yearly premium installments for hazard insurance
<br />plus one-twelfth of yearly premium installments for mortgage insurance, d any, all as reasonably estimated initially and from
<br />tionse to tome by Lender on the basis of assewments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by A Federal or
<br />slue agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said ta%c %. asses%mcnts.
<br />insurance premiums and ground rents. Lcmkr may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessments and bilk, unless Lender pays Borrower interest on the Funds and applicable law
<br />pe is Lender to make such . charge. Borrower and Leader may &pee in writing at the time of execution of this
<br />Deed of Trust 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, Lender shisdl not be required to pay Borrower any interest or earnings on the Fund %. I ender
<br />shall give to Borrower, without charge, an annual accaititing of the Funds %bowing credits and debits to the Funds and tM
<br />pssopose for which each debut to the Pun& was made. The Funds are pledged as additional security for the sums secured
<br />by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly inmallments of Funds payable pour tit
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said lases,
<br />assessments, insurance premiums and ground rents as they fail due, such excess shalt be. at Borrower's option, either
<br />promptly 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 sufficient to pay taxes. srtessments. insurance premiums and ground rems as they fall due.
<br />Borrower shall pay to Lander any amount necessary to make up the dellciency within 30 days from the date notice is mailed
<br />by Lander to Borroswr mql asting payment tbsreof.
<br />Upon payment in full of all sums secured by this Deed of Trust, lender shall promptly refund to Borrower any Fi:.,J%
<br />held by Leader. If under paragraph IS hereof the Property is sold or the Property is otherwise acqutretl by 1 ender I endcr
<br />shall apply, no later than immediately prior to the sale of the Property or its acgtimtion by !.ender. any Funds held by
<br />Leader at the time of application as a credit against the sums secured by this Deed of Trust
<br />3. AppMtagess of Paymenls. Unleu applicable law provide% otherwise, all payments reserved by 1 endcr under the
<br />Note and paragraphs I and 2 hereof shall be applied by Lender form in payment n[ amount payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the pnncipit of (he Noic. and then to interest and
<br />principal on any Future Advances.
<br />Charges; Uens. Borrower shall pay all taxes. assessments and other charges- fines and impositions enrthiiiabte an
<br />the Property which may attain a priority over this Deed of Trust. and lea•.ebold payments or ground rents. it any, in the
<br />meow provided under paragraph 2 hereof or, if not pad in such manner, by Borrower making payment. when due. directly
<br />to the payee thereof. Borrower shall promptly furnish to Lender all notice% of amount% dlte 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 his priority over this Deed of Trust. provided, that tlurtower %hall not tee
<br />required to discharge any such hen so long as Borrinver shall agree in writing to the payment of the obligah-m secured by
<br />such lien in a manner acceptable to Lender, or shall in good laith contest such lien by, or defend enforcement tit sit, h lien in.
<br />legal proceedm{ which operate to prevent the enforcement of the lien or forfeiture of the Propeny or any part thereof
<br />S. Masas� I2nuraoee. Borrower shall keep the improvements now existing or hereafter erected on the Prtiperiy insured
<br />against loss by fire, hazards included within the term "extended covers e* , and such other hazard% as I endcr may requuc
<br />and in such amounts and for such periods as Lender may require; provided. that Lender shall not reyu,rc that the annum 411
<br />such coverage exceed that amount of coverage required to pay the sum% secured by this Decd o1 Trutt
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by I cndcr piovtdal
<br />tbst such aWoval shall not be unreasonably withheld All premiums on insurance policies shall be paid 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 />istawaace carrier
<br />All insurance policies and renewals Ihereo! shall be us town acceptable to 1 ender and %halt iasludc a standard mortgage
<br />clause in favor of and in form acceptable to Lender. Lender shall have she right so hold the pohcic% .,nJ renewals thereof.
<br />and Borrower shall promptly furnish to Lender all renewal notices and all receipts or paid prcmwm% In the -vent of lox.
<br />Borrower shall give prompt nonce to the insurance carrier and Lender. Lender may male proof of his. it not made promptly
<br />by Borrower
<br />Uniess Lermkr and Borrower otherwise agree to writing, insurance proceeds %halt be applied its ic%ioiauon or repair of
<br />the Property damaged, provided such mstoration or repair is economically feasible and the secumy of this Decd rat I vine i,
<br />not thereby impaired. If such restoration or repair is not economically feasible or if the sccunty of ohs% Deed or 1 rn%i would
<br />be rmpartd, the taturance proceeds shall be applied to the sums secured by this Decd of Trust. with the c%ce %%. if any. pant
<br />to Borrower If the Property is abandoned by Borrower, or if Borrower fad% to respond to l.cndcr within 30 day, (tom the
<br />due nave is mailed by I insider to Borrower that the insurance carrier offers to settle a claim !nr insulates benefit, 1 ender
<br />is atthurraed to colisct and apply she insurance pracoeds At Lender's option either as ne%ioration or repair of the Property
<br />or to the rims secured by this Deed of Trust.
<br />Unless I.endet and Borrower otherwise agree in writing, any such application of pitweeds it, principal %hats out cstend
<br />or poslpoiK the due date of the monthly installmenls referred to in Paragraphs I .,nd 2 hereof or change the amount of
<br />such installments It under paragraph Ill hereof the Property is acquired by Lender. .,It right, wle and insert%, of Borrower
<br />in and to any insurance poloues and in and to the proceeds thereof rnulting Iron damage to the Property prior t,, the site
<br />or acquisition shall pass to Lender to the extent of the sums secured by this Decd of Irust immediately prior to such oak or
<br />scaoastiotr
<br />i. PsslssndMo nit M06WA61 ce of P"40"y; 1AUtb4h&; Ceadenlialents; Planned Unit Developateats. Uorrowcr
<br />%hall keep the Property r. g,x,d repair anti %hall not Loomis waste or permit ,mpaunicns or dcletitiral—ri ro the property
<br />and shall comply with the provisions of any lease of this Deed of Trust is on a leasehold If this Deed of Trust is on a unit in a
<br />condominium or a planned unit development, Bwrovia shall petlorm all of Borrower s obligation under the drclarattun
<br />w covenants creating of governing the condominium or planned unit development, the by -laws and regulation% of the,
<br />condominium or planned unit development, and constituent documents It a condominium or planned unit devclopmcni
<br />rider -s executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such older
<br />duals he incorporated into and shell amend and supp(emem the covenants and agreements of this Dad of '1 rust as of the rider
<br />were a part hereof.
<br />7• PsaatelN of (seder's Secenrity, If borrower fails to perform the covenants avid agreements contained in this
<br />Died of Trust, or of any action or proceeding is commenced which materially affects Lerder's interest in the Property,
<br />including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a
<br />bankrupt of decedent, then Lender at Ltrider's option, upon notice to Borrower, may rnakt such appertan%e% J,%hur%e such
<br />sum and take such action as is necessary to protect Lenders interest, including, but not limited Ise, dishurument of
<br />raasunshk attorney's fen and entry upon the Property to make repairs If Lender requutd mongagc rosuranse a, a
<br />coeditwn of Mekong the ban secured by ilus Most of Trust. Borrower shall pay the premiums required to mamlam sn,h
<br />rnaYrame in effect until such ante as the requitement for such unurance terminates in accordance with Borrower'% and
<br />Lender's written agreement or applicable law Borrower shall pay the amount of all mortgage insurance picnuums u, the
<br />manner provided under paragraph 2 hereof
<br />Any amounts disbursed by Lender pursuant lit this paragraph 1, with nncre%i thereon %hall Ix%nmc iddiiion.0
<br />indebtedness of Borrower secured( by this Iked of Trust Unkss Ponower and I cndcr agrtt to other terms of paymem %n, h
<br />amounts shall he payable upon nmde from I cndcr to BI%vowet ntquesung payment ihcicof, and %hall lira, uioeie%t Irmo the
<br />data of disburnnsanl air the tale payable from sense. Ri time tin coulsianding principal under the Nust unless paynsens tit init,r%t
<br />At such rain would IM contrary to applicabM law, in which event %,nth amounts %half bear ,nefess at the h,ghe%t last
<br />Pstmimble under applicable law, Nothing contained in this paragraph ; thall legume Lender to -ncut any expense or lake
<br />Any acfioro hereunder
<br />I- Irtspeestun. I ender MAY make or cause w be male rra%unahle emne% slat- .,:tit jn%pec f,,uH ni its
<br />that l trdar shall a.re g sit owes tome Puor to Ally such ,inlsedu on upeoifyt,g ieawnahft .dude flit elo, rlafeJ f, nJcf
<br />merest in the Prowliv
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