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<br />UNIFORM CCOVENANTS. Borrower and Lender covenant and agree as follows: 85-001611
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />i' on anyy Future Advances secured by this Deed of Trust.
<br />2.
<br />Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full.
<br />a sum (herein "Funds ") equal to one - twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust, and ground rents on the Property, if any, plus one - twelfth of yearly premium installments for hazard insurance,
<br />plus one - twelfth of yearly premium installments for mortgage insurance. if any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and hills 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 />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments.
<br />insurance premiums and ground rents. fender may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits
<br />in to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Deed of Trust that interest on lne Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to he paid. i.ender shall not be required to pay Borrrnser ;inv 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 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 installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes.
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall lie. at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower au nu t-ahly ,,,, ;a!! ^teals of Fund= if the amount of the Fund,
<br />held by Lender shall not be sufficient to pay Taxes, assessments- insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is ma9ed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of 1'rust. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property is sold ar the Property is otherwise acquired by Lender. Lender
<br />shall 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 application as a credit against the sums secured by this Deed of Trust.
<br />P 3. Application of Payments. Unless applicable law provide, otherwise all paymems received by Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied by lender fire tit payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note. then to the principal of the Note. and then to interest and
<br />prince al on any Future Advances-
<br />. Charges; Liens. Borrower shall pay aft taxes. aswssmems 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 />manner provided under paragraph 2 hereof or. if not paid in such manner, by Borrower making payment, when due• directly
<br />to the payee thereof. Borrower shall promptly furnish to lender all notices of amounts due under this paragraph, and in the
<br />event Borrower shall make payment directly. Borrower shail 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 he
<br />required to discharge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien in-
<br />legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />5. Hazard Insurance. Borrower shall keep the improvements now exmmg or hereafter erected on the Property insured
<br />against loss by fire, hazards included within the term "extended coverage ". and such other hazards as f ender may require
<br />and in such amounts and for sliph periods as fender 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 Lendcr: provided,
<br />that such approval shall not be unreasonably withheld. All premiums on insurance policies shall he 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 />insurance carrier.
<br />All insurance policies and renewals thereof shall he's form acceptable to Lender and shall include a standard mortgage
<br />clause 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 niav make proof of loss it 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 economiclly feasible and the security of this Deed of 'Trust is
<br />not thereby impaired. If such restoration or repair is riot economically feasible or it the security of this Deed of Trust would
<br />be impaired, the insurance proceeds shall be applied to the sums secured by this Deed of T7ust, with the excess. ;f any, part]
<br />to Borrower. If the Property is abandoned by Borrower, or if Borrower falls to respond to Lender within 30 days from the
<br />date notice is mailed by Lender to Borrower that the insurance carrier otters to settle a claim for insurance benefits. Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower tit .LICI agree in "Filing. „its uvi, ., r ii..ti J,t -'" ^• -• ^:; .:' _,n r , rrnn,l
<br />or postpone the due date of the monthly installments referred to in paragraphs I and ? hereof or change the amount of
<br />such installments. If under paragraph IS hereof the Property is acquired by Lender. all right, title and interest of Borrower
<br />in and to any insurance policies and in and to the proceeds thereof resulting from damage to lire Properly prior to the sale
<br />or acquisition shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such sale or
<br />acquisition.
<br />6. Preservation and Maintenance of Property; Leaxholds; Condominiums; Planned Unit Developments. Borrower
<br />shall keep the Property in good repair and shall col oninut waste or pemill impairment it deterioration at rite Property
<br />and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold If this Deed of Trust is on it unit in a
<br />condominium or a planned unit development. Borrower shall perform all of Borrower's obligations under the declaration
<br />or covenants creating or governing the condominium or planned unit development, the I,v -laws and ragufalion, of the
<br />condominium or planned unit development. and consuluenl documents, If a condominium or planned unit devclopnmenl
<br />rider is executed by Borrower and recorded together with this Deed of irust. the covenants and agreements of such rider
<br />shall he incorporated into and shall amend and supplement the cowenanh and agreements of This Deed o1 Trust as it the rider
<br />were a part hereof.
<br />7. Protection of Lender's Security. if Borrower fails to lserform The covenants and agreements contained in this
<br />Deed of 'i -rust, or if any acL'on or praeeding Ic co'uruenced which materially affects Lender's interest in the Property,
<br />including, but not limited to, ennnent domain, insu;i :ncy, code enforcement, or arrangements or proceedings invoiving ,
<br />bankrupt or decedent, then Lender at Lender's option, upon notice to Borrower, may stake such appearances, dishurse such
<br />sums and take such action as is necessary to protect Lender's imetesl, including, but not flouted to, disbursement of
<br />reasonable attorney's fees and entry upon the Property to stake repairs It Lender required naoilgage insurance as a
<br />condition of making the loan secured by this Deed of Trust. Borrower shall pay the premiums required In manttan such
<br />insurance in effect until such time as the requirement fill such insurance terminates in accordance with Borower's and
<br />Lender'- written agreement or applicable law Borrower shall pay the ;imounl of all mortgage Insurance premiums fn the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by I ender pursuant to this paragraph 7, with merest thereon, shall become additionala
<br />indebtedness of Borrower secured by this Deed of 'Trust. I!nle%, Borrower and I ender agree u+ other m tins of payruent. ,itch r
<br />amounts Shall he payable upon notice from Lender to Borrower requesting paymnam thereof, nil shall bear merest Iron the p
<br />date of disbursement at the rate payable from time to 'true on ,mpstandmg principall under ncc Note unless payment pf inrcrest
<br />at such rate would Ile contrary TO applicable law, in winch event ,uth anuiunls •.hall 1,•.0 .ntclesl :it the huthesl rue r•.
<br />permissible under applicable law. Nothing conuuned tit this rarograph 7 shall rcqui« 1 ender m. Incur ally exfxnar or lake I
<br />any action hereunder.
<br />fi. Inspection. 1 cider pray make rir cauxe to he Inade rcas nablc enlric, up,m and unpecuous tit the J'rape) 11, p ovidcd
<br />that I enter S)Fall give Borrowul nonce pror o any ,uch uwpu.h u, sln•ctYmu Ira 'J, 0,1, ..one flit of i- sdtaltrl R +el.� ndcl ,
<br />uuerest it the Prorcity
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