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V, 85-= 001276
<br />UtwPeaw CavesraNn borrower and Lender covenant and agree as follows
<br />r l• tiye"M N hMelpnl tend /&kited. Borrower shall promptly Pay when duce the principal u( and Intercat on he
<br />s; evsdwTeed by elite Neste. late charges M provided in the Note and e
<br />0n any urc Advancss uctiaW by this 0%:W of, Iw pl(�ncipal of and mrercu
<br />10 1.atdtr on the
<br />little T�sm day en~ m Sf pain l0 tspplicAMe law or to a wfirta► waiver b Lender,.
<br />Y (Y "atallmasea 0P ptinciput and Worrell are y Borrower thin pa
<br />a man (Arran "Ptatds") pad to oat- Iwelflh of the yearly urn and Simsmer nag wh Note, ll&* sc a paid n full
<br />Dasad oP Trust, and ground renus on the Property, rf arty, plus oTU•twel(th of earl y p"c" ay over that
<br />Pius 10 Same by of yearly premium nsulltnents for mortgage insurance, of any, y Ipasmt'a&onabhylemumated insurance
<br />i"0e Ie tNlte by Lade' 60 the basin of as "wants and hdh and reasonable estimates thereof
<br />s
<br />The Fuhik sheN be held in an immaulion the de
<br />state agent (including Lender it Lender is such an institution). Lenender shall ee ply the Funds to pay &aided by a %cs% or
<br />murex Ice Premium& and ground rents Lender may not charge for ao holding and applying the Fiends, analyzing sa J as e
<br />Of verifying and eompiting said rs mnwnta and bills, unless Lender pays Borrower merest on the Funds and applicable law
<br />pt+mga
<br />Leader to make such a charge. Borrower and Lender may &grew in writing at the time of eaecm,on of this
<br />f±an( of Trust that intcrcu an the Farads %hall be paid to Borrower, and unless st°ch agreement is made at applicable law
<br />requires such Interest to be paid, Lender shpll not be required to pay Borrower any interest or carninjs on the Fund% I ender
<br />Mall give to Borrtlsrer, without charge, an annusl accounting of the Ftmd% showng credits and deAUs to the Funds and the
<br />purpass for which tech d+nbh W the Funds was made. The Funds are
<br />by this for of Trutt. pledged as additional security (or the sums secured
<br />If the amount of the Funds held by Lender, together with the fwurc monthly in%ullmenta of Funds payable prior it,
<br />the dux data of Iota, assesanxnts, ensunnce Premiums and ground rents, shall exceed the amount required to pay said Uses.
<br />aAapSmentS, insurance premiums and ground rents as they tall due, such crests shall be, at Borrower's option, nthcr
<br />�o.aplly repaid to Borrower ter ctauiiied to Banownr ter, munsbly imtaliments -of Funds. l( the amanl of the Funds
<br />lisle! by Leads► shall
<br />not be wf ctent to pay taxes, assessments. insurance premiums and ground rents as they fall dud.
<br />Borrower Mall Pay to Lender any amount necessary io make up Iht defkiency within 30 days from the die notice is mailed
<br />by Linder to &*nowt requWiag Payment thereof.
<br />Upon payment in full Of all Sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Fc..J%
<br />held by Leader. It uadat paragraph 18 hereof the Property it sold or Ilk Property is o°herwrae acquitted by 1 ender I ender
<br />sMN At�Y• no later than imrnediuely prior to the sale of the Pmpxrty or its atgniuteon by Lender, any Fund% held by
<br />Lander at the time of ill pg applies, u a credit Against the sums secured by IhIt Deed of Trust
<br />]. Api{tslkn N PeyaweAL linlew applicable law provide% otherwise, all payment% re%cived by Lender under the
<br />Note and paragrapAat 1 and 2 hereof shall be Applied by Lender first ,n pa •mini of amounts payable I %, l ender by Borro„cr
<br />Arealunder Paragrcph McColl. then to interest Payable on the Note, then to the prireI of the Note and then as nacres; and
<br />on any Future Advance.
<br />�( +t *&agent Lim Borrower shall pay all taxes. jjucumcnt% and other charge% fine% aria, ,mpus,lrons .,urrhut.,Atc t„
<br />the Prcyteny which may attain a prrotity over this Deed of Trust, and let ""hold payments or ground rents if a;%y, an the
<br />manner provided under paragraph 2 hereof or, if not paid in such manner, by Burrower making Payment. when due directly
<br />to 'he psyet thtrtof. Borrower shall prampily furnish to Lender all not r' o! amount% duc under this paragraph, and n the
<br />event Borrower IRAN snake payment directly, borrower shall pu"npdy aces of w Lender receipts evi%kn%u,F au %A payments
<br />h
<br />Borrower Mall Promptly discharge any lien which has priority over this Deed of Trust: provided. that Borr „wcr .hall our h%•
<br />required to discharge Any such Seen so long as Borrower shall agree In writing to the payment of the obi,sat „m %cowed bi
<br />such lien m a manner acceptable in Lender, or shall on good faith contest such lien by or defend enforcement of %to,h lien an
<br />regal ptoceedus which operate to prevent the creforcenum of the hen or forfeiture of the Property or any pa l Thereof
<br />3. Mesaei latwact. Borrower shall keep the improvements now existing or hereafter erected on the Properly ,mitred
<br />apinat )oat by Arc, Hazards included wd$ di the Term "extended coveraggee and %tech other hazards a% t ceder may rcqucd
<br />sad in vef a exceed And for such perish at lender may'equate: provided, that Lender %hall not require treat the am,,unt .,I
<br />Such coverage exceed that amount of coverage required to pay the sum% secured by this Dccd of Trie%i
<br />The ehsurance ca: ilex providing flit insurance Mall be chown by Borrower subject to approval by I inner pranJ %,i
<br />���tVt Such approval thaN not be unreasonably withheld All premiums on insurance policies shall he paid in the manner
<br />e pb 2 hereof or, d not Wad m such manner, by Borrower making payment. whin dux directly to the
<br />All deliverance Policies and renewals thereof shat) hen tu+m - i— Plable to I ender and ,oat, m%ludt a ,,,,,,card rnnr gags
<br />clause n favor M and in form actepUhle to !.ender Lender %hall have the right to hoht the puln.,c% .,rid Imes. ,j% thereof
<br />and Borrower shall promptly furnish is I ender all renewal noire% and all recupt% it rid prcmmm% In ter . v,ni oP nos.
<br />Borrower shah Never prompt (mice to the Insurance carrier and Lender. Lender may male prone of m% ,r not made prompt%
<br />by Borrower
<br />Unless Lender And Borrower otherwise agree in *rating, ansurence proceeds %hat be applied to re %i.,ranun or repair ,d
<br />the Properly damaged, provided such restoration or repair is economically feasible and the securn1 of ih,% ()crJ nt 1 rust i%
<br />rust thereby ampalred. If such restoration or repeat is not economically feasible or if the sec,irtty of the% Uced of T r:,a would
<br />8 t "trod. the uuu ante proceeds ,hall be applixd to the sums Secured by this Decd of Trust. with nc� csccas it any. paid
<br />to Borrower If the Property is abandoned by Borrowcf, or d Borrower tad% to re%p%,td to Lender within c , .1 from the
<br />due notice n availed by Lender to Borrower this the uxurante carrier oliers jo tellle a .lanai for nswao %c hcnehl, 1 enter
<br />is authorized to collect and apply the Insurance praetds At Lender's Option either it) re%loralton or repair of the Propcny
<br />Of w the sum accused by this Dead of Trust.
<br />Unless Leader and Borrower the cur date of ilia monthly agree m
<br />Of Xllwte "' any such application del proceeds to p%r,nttpal %halt a,or cstend
<br />itnls'Irrenis referred to in , aragraph% I .rid 1 hereof or change the amoun+ of
<br />H+en imuNtnenrs 1) under paragraph Ill hereof the Property a aiNuired by !.ender. all hgA1, j11Ie and ,utar%u uP Boreowrr
<br />n and to any insurance Policies and in and to the peocteds thereof resulting Iron damage rte alit Property prior ht iter %sic
<br />w mtiaitlon 3ha11 pan! to Laical 10 the extent AI Ills &urea secured by this Deed of Trust immediately Prior to such sale or
<br />+o11 acquisition
<br />ti. Pnwrvstlea stud MWMaaade of Property; Leaselhold; Cewdeaelalwaai PlsaOed UnM lLevr
<br />shall keep the Property ,n guard rtpau and shall nor tomnin waste or
<br />lapswfMt. Borrower
<br />And shall comply with the provisions of any lease If this Decd of T'tust as on
<br />Sierra)”
<br />Uctdiuf l rose re uhea Iunu�i0 a of c Halm re a Planned g unit rig te coa development. Borrower shall Perform all of Borrower s obligations under the dcclaratictn
<br />of cuaena(if creating ter governing the rosd0alnwm or planr%e0 inn development.
<br />c
<br />condominium or ;oared unit and recorded rid ig uloueral documents I! a coiidm by-laws and
<br />plannedrunjo deweslopment
<br />ridst ,s executed by Borrower aril recorded IoNttllAr with this Deed of T7ast, the covenants and legrtcntent% of surf rider
<br />slaty he ,ncorporaM%l into and Mall amend and wppkfftfm the covenants amJ agteemcnis of this Deed del I Salvo a% ,( the older
<br />wan part herself.
<br />Dow M Trim, if (ala action Secerliy. it m� comrne °Is to perform the covenanis and agreement% cunUncd an Ihn
<br />ad% Y aCt +On or g ncad which material!
<br />tu 0r r tdrM thtntl entk nt` °i o v ' c Y affects Leader St interest in be Property.
<br />Y ode trefferc®nxnt, ter arrangements or prtceedngs Involving ,i Son s and take Such aaasaT as n ntcasary to fplerntecl Lend steinterest. fowtaudm®. make nfuchimt acts id di %� u�Ar %wLh e
<br />r attorney'$ left and entry u p
<br />c t n affect Several eau such ►«Uric by Il"a peed OOfrTrwt, Power shot# payehedprerra, uim®requirgei I.,
<br />n affect an such rime as the rtyurnmeni for such insurance lefminates ,n accordance with Burrow
<br />t wrvide sgreeurua of mph 2 hereof Irw Borrower shall ter'% and
<br />° lea t Persgraph 2 la Pay the anail of all Iurtgage unurar%te
<br />An d rraaeidd by I eater p+c,mum% ,n in,
<br />of Barre"tr ltsardd by 'his I)ffeddtsf Trust P Unk�raborroW P long
<br />hl COIdCf�grdC to tjlttmPrtt Plnjawt,j°mc add,tu•n.,l
<br />a TM's ° �' R+sYCbk Upon ncgoer lion I clutter io Borrower rcyuu,iin
<br />ti! rt r� rib g Payment thereof . land shall he., ,(tea {rirl nim t, he
<br />at h rest Payable Irurn dace to time tin (("standing principal under ilia Nine tnjfss ,
<br />PI able la ill aPldtcrbtle law. in witch 'Client arch amount% %haft heat ,nterev nla�nSePh,aneatletrs
<br />® able law Nothing contained an able, ;is Ialraph 7 %hall 'Squire Lender It :ore any expense t hig or u,it
<br />SuY A litre
<br />+hN dtbpfttlaw. h enter may nose of Ls fit made reaa.trtahle ranr,r% j�txn sand ,mj,r, , ern
<br />ilia r poi en,re „w e, :ante {,ran Xu Sony i(lpeciron %
<br />`M+rMj to inns Pinpoint, �.tfyeng reasunat,ir P''9 ":It% �,•.•,,.tr,+ �1
<br />&,rite the', el,n - ,hied ,,
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