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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />.1. ....yment of Priocipal aod Interest. Borrower shall promptly pay when due tpe 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 />on any Future Advances secured by this Deed of Trust.
<br />2, Funds for Taxes lUId I_ce. Subject to applicable law 0' 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 "FundsI') 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 l..ender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shaU 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. Lender may not charge for so holding and applying the Funds. analyzing said account
<br />or verifying and compiling said asse.~ment8 and bills. unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender 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 the Funds shall be paid to Borrower. and unless such agreement is made or applicable law
<br />requires such interest to be paid. Lender shalJ not be required to pay Borrower ~my [ntere<:;t or earnings on the Funds, Lender
<br />shaH give to Borrower. without charge. an annual accounting of the Funds showlIlg 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. ~haH exceed the amount required to pay said taxes.
<br />assessments. insurance premiums and ground rents as they tail due. such c);,cess. shall be. at Borrower's option. either
<br />promptly repaid to Borrower or credited to Borrower on monthly IIlstallments of Funds. If the .lmmmt of the Funds
<br />held by Lender shaJJ not be sufficient to pay taxes. asses.....ments. in<:;urance premiums and ground rents as they fall due.
<br />Borrower shall pay to lender any amount neces...'iary to make up the deficiency Within _,0 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of ail sums. secured by thiS Deed or Trust. I enda shall promptly refund to Borrower any Funds
<br />held by Lender, If under paragraph 1 S hercof {he Property!, '\nld nr the Pn~perty IS otherWise acquired hy Lender. Lender
<br />shaH apply. no later than immediately prior to lhe ...;i1e l\f the Property l'r its. a~quisilion by LenJer. any Funds held by
<br />Lender at the time of application as a credit agajnst the :-ums secured hy this Deed of Tnlst.
<br />3~ Applkadon of Payments.. Unless applicabh.... law prOVide\; otherwise. aJJ payments received by lender under the
<br />:"~ote and paragraphs I and 2 hereof shall be applied bv I_l:'nder first 10 payment of :1mounts payable to Lender by Borrower
<br />under paragraph 2 hereof. then t(l interest payahle on the Nl'te. [hen tl' the- prinCipal of the Note. and then to interest ~md
<br />principal on any Future Advances.
<br />4. ChIllWf'S: rJe-RS~ Borrower ...hall pay ail t;.ne">. a\sessment' and "ther charges. fines and ImpOSitions attributable to
<br />the Property which may attain a prionty over lhis Deed of Trust. and leasehold payments or ground rents. if any. in the
<br />manner provided under paragraph 2 hereof (\f. ~f not paid in such manner. by Borrower makmg payment. when due. directly
<br />to the payee thereof. Borrower shall promptly furmsh III Lc-nde!" :dl notice... \,," amounts due under this paragraph. and in the
<br />event Borrower shall make payment directly. Borrower shall promptly lurmsh It' I.ender receipts cvidenclIlg such payments.
<br />Borrower shall promptly discharge any lien.... hich has pnorit}' over thts Deed f\t Trust: prOVided. that 8orrower stmll not he
<br />required to discharge any such lien so long as Borrower ...hall a~n~t' In \\fiting to the payment '-If the obligation secured by
<br />such lien in a manner acceptable t"... Lender. or s.hall In good f~llth l"\"lnte-S[ such !ten by. i..'r defend cnforl..'cment of sllch lien In,
<br />legalf.roceedings which operate to prevent the enforcement \'II' the hen i.'f foddwrc ,,'I the Property or any part thereof.
<br />. HazanI tasunllC'e'. Borrower shall keep the tmpro\'ements now c,"lstm~ or hereafter erected on the Prl\perty insured
<br />agains.t loss by fire. hazards included wuhin .he teon "e\tendeJ L\lvc-rage'^, and ,tK'h other hazards as Lender may rcqmrc
<br />and in such amounts and for su-ch penods as Lender may require: pnwlded. that. Lender ~haH not require that the amount (\t
<br />'\;uch co~'Cr.age e.\ceed that amount of co\'erage rcqwrcd to p:n the sum>; 'ieCllrc--d r\' thiS- Deed of Trust.
<br />The insurance carrier providing (he insurance ~haJl be ch(\~n hy I-h__'Irrov.cr \ubJect tn approval bv I.cnder: pnwldecJ.
<br />that such approval shall not be unreasonahi)' withheld. ,'\11 premium, l"~ msurooce pohcies ,hall he paid in the manner
<br />provided under paragraph 2 hereof or, If not patd 10 sucb manner, bs Borrower making payment. when due. directly to the
<br />insurance carrier.
<br />AU insurance policies and rene-wals thereot shall l-tc In form acccptabie Il\ Lender and shaH include a standard mortgage
<br />dause in favor of and in form, acceptable (0 lender. Lender shall ha\-e the fight to- hQiJ the poi.ides and renewals thereof.
<br />and Borrower shan promptly turnish to Lender all rene\\-al no-l:lc-e~ and .aU re~elpts. of pout! premIUms. In the event of loss.
<br />Borro\\"Cr shall give prompt notice to lhe Insurance (acner and lender. LenJcr may make proof of 1t."lS-."O Ii not made promptly
<br />bv Borrower,
<br />. Unless Lender and Borrower otherwise agree in \\'ntmg. iOScuran..:c pnx:eeds shaH be applied t(\ restoration or repalf of
<br />the Property damag~~ provided such restoration or rep,:ur i" e~\"'nt"mlCaHy h:a-slhle and the security or thiS Deed l\f Trust I~
<br />not thereby impajrctt If such restorallon or repair 1\ not ttl.'fiOmlcaUy lea-stole or It the ~urit). of thjs Deed of Trust would
<br />be impaired, the insurance proceeds shall be applied to the sum' >"Cured by thIS Deed or Trust, WIth the e,cess, .f any, pa,u
<br />to Borrower. U the Prope-rt)" b abandoneJ by ~"lrHt\\'C'L ~}r It fk.)rr(~I,t,-~r t.;ul, to respond t\.'l Lender wlthm 30 days from the
<br />date notk"e is mailed by Lender 10 Borrower that the- m!iUl1lnc~ ~arne-r offers to settle a d31m for Insurance benefits. I.ender
<br />is authOrized to collect and ~pply the insurance proceeds ;tl 1 cnder's \),ptlon either to restoration or repair of the Property
<br />or 10 the aums secured by thIS Deed of Trust
<br />Unless lender and Borrower olheMl5e aJeer In wUlln~. .111) ~uch apphcahon III rrocc:-eds to principal 50hall nol extend
<br />or postpone the due date of the monthly Installment. rclerred tt' 1!I paragraphs I anu ~ hereof or "hange the amount 01
<br />sucb installments, If under paralfaph I ~ hera'l the Pfl'pert~ " ""<lutted b) Lcnder, all flghl, tttle and inlerest of Borrower
<br />III aDd to any insurance poliCIes and In and to the p....",eeds therc"t re.mltlllglrom damage to the Property prior to the sale
<br />or acquisition shall pass to L~r to the eMcnt \'1 the ~unl$ ~ur-ed hy thts Deed ot Trust Immediately prior III such sal;: or
<br />acquiaition,
<br />~ ........_... ~~n.Rt~ of Propet1y; uaRllokk: ("onda...i.1II5: PIaaBed lJDit Developawats. Borrower
<br />...hall kct-p the Property to glX"ld repair .11\4.1 shaH t'k"!t '::t.\fnnlll \A ash: ...\[ penmt impalrmt"1H ,,'If JClt:rt(\ratil\o t\f the Property
<br />aDd shall comply WIth the provisions 01 any lease tf tbis Deed "f Trust IS on "leasehold. It this Deed of Trust IS on a UOlt in a
<br />condominium or " planned unit developmenl, Borrower shall petiorm .11 of Borro....er" ohligahons unuer the dedar'llon
<br />or covenants creatinJ or JOVCmin, the- condominium or pi.,nncd. unn dc\.elopnlent. the by~laws a.ntl regulauon, "r the
<br />coodominium 01' pI.annc,j unit devclopment. and ~oll'Stttucnt df,:lCUmcnt~ If a. cl)O\k'mintUffi or planned umt d~velopment
<br />rider os cxccuted by Borrower aDd recorded tosether wllh IhlS Oe<:d ,'t1 ""', ,he ",wenants and agr""ments ", ,,,,,h nder
<br />shall be incorporaled ioto and shall amend and .upplcmcot lhe "''''enant> all\! agreement. of thIS Deed "j Tru>! a, If the nuer
<br />were a pan bercof,
<br />,~ .......... of ......... SecwiQ. If 8QTf"...,~er f oatis f.t.J pcrtom_ the covenants and agreements ...:!.\Ot:uned in Ihi,
<br />Deed or Tt'lIIt. or if any act"", Ot proceedlllJ IS ,;,'mmeO\.-ed ....bieh matenal'" affects tender's interesl in the Prol"'rty,
<br />tnducli:na.- but 1lOC limited to, eminent domaUl~ lnsol~~. clxk enton..-etnent. or arrangements or procecUin~ mVl\I\'IO~ a
<br />bantnapt O!' dea:dent. then Lender at l-endtr~s optlon. upon nOIlC(' h.~ 8orrower, mll):. male such appcaram.:C''), dl'\hur~ sUI.:h
<br />sums aDd take MICh action as is necessar)' h.-- protcc-t t-e:nder'~ mt('rest~ mdudiog. hUI nt'll InUliN 10, Ji"iobur~mem ~\t
<br />reaIORabit .ttomey's fees and entf)" upon tbe Propr:ft). 10 male- repaIrs It l.ender requl~ mortgage ill\Uran,-'e .t, .1
<br />COftdiIion of makiot: lhe Ioao II!lllUn:d by llua ()oed of Trusl. Borro....er .hall I'OY the premIums fC<lUltW '" malOtalO "...h
<br />ll'i!iUfaDal: in dfect until such time as the requirement tor such Insurance tefmUla.la In a~conJ3rn;c With Uorn\Owcr\ ami
<br />1~1- W1"idce ~ or- applicabie..... 80rr0wCf' s.hall Pl)~ the amount ot aU mortPBC' IOsun.nl~C- pf'CmHlfll\ III tht"
<br />_ ......... __ parasrapII 2 hereof,
<br />AQJ ~ ~ by L,endu punuant Ill- ttus piua.craph 7. wltb lnteft~'lt thcr~'\:m_ ,halt t\C'\.'Ollle ddd,IHmai
<br />,. .I~tt 1_ of 80nuwer -..J by Ihil Deed 01 Tnm Voles> Bort'01WCf and lender "gree tl' other term. ot payment. ,,,,,h
<br />__ UlaIl be pa)1lble ........ _~ from teader 1<> 8<>In_ ......nes.t.nll paymenJ there,,,i, ami shall ""a. IOle....., Ih>tll ,hr
<br />... of ~ ., at tlMt rate payable from I. 10 "me (.n llU'.'andll1ll PflDClpal under lhe Note unklss I"'ymenl of in.c""t
<br />at ...... rate ......w too CODttal) 10 appb<.~ la.., tn ...h,lh e",," "I\:h """,,In" ,hall he., ",Ie""t .t the h.,he<l ,.1<
<br />fJIK ' ,'Lh...... ~ q,w. NOltuac ~i.m".Md ~n tnt\ plf_lf_ph ? ,-hail fcq\n~ Lender h-' mcur an~; ~\pe'nw fir take-
<br />.., .-.......,
<br />.. ~ I,..... aay IIlM.C (1f C.UN: ht tv made fC'af:li.\fl-INc: c-ntf1'e'!i uP.)f\ ..nd l~ttO.U l'lt .he Pf\~"'- _ Phl\ tl.k\1
<br />that ~......... IIonnww ~l\iC pnof w- ~U1Y .,.u.;h UKpc:c1lNl ~pIS1.....ty'n. ft'tklfiahk \'.;t.tm: ttw-rC'f\.,.f fI..-h,tN h. I \.~n,-kt'"
<br />,_ 1ft'" "'-ty,
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<br />83- 001088
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