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<br />83-f} 0 12 _'- ,~
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<br />UNIFORM CovENANTS. Borrower and Lender covenant and agree as follows:
<br />I. hymeat 01 Prhld.... tmd Interest. Borrower shall promptly pay when due the principal of and interest 'on the
<br />indebtedness evidenced by the Note, prepayment and f.te charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Deed of Trust,
<br />%. ..... l'erT_'" l-....e. Subject to applicable law or to a wrillen waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principaf and intereSl 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 altain priority over this
<br />IJced of Trust, and ground rents on the Property, if any, pfus one,twelfth of yearly premium installments for hazard insurance,
<br />pillS ODe"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 tbe deposits or accounts of which are insured or gUdranteed by a Federal or
<br />slate agency (including Lender if Lender is such an institution). I.ender shall apply the Funds to pay said taxes. assessments.
<br />insurance premiums and ground rents. I~ender may not charge for so holding and applying the Funds, analyzing said account
<br />or v.erifying and compiling said assessments and bills. unless Lender pays Borrower mterest on the Funds anti apphcabic law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of c:\;ccution of this
<br />Deed of Trust that interest on the Funds shall be paid to Borrower. and unless such agreement is mad;: or applicable law
<br />requires such interest to be paid. Lender shall not be required 10 pay Borrower ;toy mferest or carninJ?s on the Funds. Lender
<br />shan give to Borrower. without charge, an annual accountmg of the Funds showmg 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~ a.ssessments~ insurance premiums and ground rents, shall c.xcccd the amount required to pay said taxes,
<br />assessments. insurance premiums and ground rents as they fall due, ~uch excess shali he. at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installmcnlS of Funds. If the amount (If the Funds
<br />held by lender shaH nol be sufficient to pay taxes. assessments. insurance premiums and ground tcnts as they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 daY5- from the date notkc is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of aU sums secured by thIS Deed of Trust. Lender shall promptly refund to Borrower any Funds
<br />held by tender. If under paragraph 1 S hereof the Property i, sold or the Property IS orhCf\"'I'\C acquired hy Lt:ndcr. Lender
<br />shall apply, no latcr than immediately prior to the sale {If the Propeny or Its. al.:quis.lIlon by Lender. any Funds held hy
<br />Lender at the time of .application as 3 credit against the s.ums secured hy thiS Deeo of Trust.
<br />3... AppIicadoa of Payments. Unless. applicable law rrovfdc~ otherwise, all payments received by Lender under (he
<br />Note .and paragraphs I and 2 hereof shall he applied by I.~ndcr fio,t In payment of ~HnOtlnts payahle to Lender hy Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note. lhen to lhe pnnclpal of the NOTe. and then to interest and
<br />principal on any Future Advances,
<br />4. Charles: f..... Borrower shaU pay all I~I"C". a\ScSSnlcnt.. ant.! <Hher ...:harges, tines. and Impositions .Itlributablc III
<br />the Property which may attain a priority over this Deed of Trusl. and leasehold payments or ground rents. if any, in the
<br />mauner 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 ~haU promptly furnish to i.c-nd-cr aU notlCc~ of amounts due under this paragraph. and in the
<br />c-vent Borrower shan make payment directly, Borrower shall promptly f'urntsh tn I.~ndcr receipts c,,'idcncmg such payments.
<br />Borrower shall promptly discharge: any lien which has. priority (w~r thi, Deed 01 Trust; provldeJ. that Borro....cf shall nol he
<br />required to discharge any such licD s.o long as Borrower shall agree H1 ~ril'ng 1\1 the payment of the ohhgatH1n sl'l'ured hy
<br />such lien In a manDCf' acceptable to lender. or shaH H1 good f;,uth ComCSf 'iUI.:h lien by. l\r defend enforcement of stich hcn III
<br />lcgalf.roceedings whi-ch operate to- prevent the enforcement 01 (he !leu \)r torfciwfc {If the Property or any part thcrenf.
<br />. H......I-....ce. Borrower ~haU keep the Improvement, nO'w C\jSiiO~ or hcre-ahcr erected ('In fhe IJroperty Insured
<br />again~ loss by fire. hazards included WIthin the (crrn "c_\fendeu I.:ovcragc". and ...llL:h other haz.ard, a~ 1 (.~nder may reqlllrc
<br />and in such amounts and for such penods a~ Lender may n.-qlHrc; prn\'u.Jed. that Lcmkr ...hall not require ihat the amount \ll
<br />$\.K:h coverage exceed that amount of coverage reqUired 10 pa\' the sum\ ~\:urcd hy IhlS Ot."e-d nf Trust,
<br />The insurance carrier providing the insurance ,hall be chu-scn O){ ilt'lrr-ower ~Hb!CLt hl apprllv~ll hV I L'ndcr: pro\-ldeJ.
<br />that such approval shall not be unreasonably wllhhdd All premIUms on lOsuranee policies ,hall he paId in the manner
<br />provided under par.....pb 2 hereof or, If nol pa.ad in -such manner, hy Borrower making payment, when du~, directly lO the
<br />insurance carrier.
<br />All ;nsur:anc:c polit:1es and renewals thereoi shaH he: In form a..:\.'cptabk h! Lend.er J.nd ,hail mdudc a standard mongagc
<br />dause in favoc of and io form acceptable to Lender. Lender ,hall have the nght (0 h,,)h.i the Pl)licic.."S .md renewals. thereof.
<br />and Borrower shall promptly furnish to Lender .aU renewal notKes and ail fC-CClpt~ tlf P;'liJ premIUms.. In the event of loss.
<br />8o-rrower shall ,ive prompt notice- 10 the mSUfancc: .,:arncr and I.('nder. Lender mi.'Y make proof of 1,1SS fl not made promptly
<br />by Borro"u,
<br />Unless Lender and Borrower otherwlSC agree In wrumg. tn~Ufancc proceeds ..h~U tx- applied to reswralion or repair of
<br />the Property dam.,ed. provided 'Such re<storati<)ft or repair t, econt.lf1llcaHy feaSible ,md Ihe ~ecurity of thIS lx.---cll ()( Trust I"
<br />not thereby impaued. If such restoration or repair i') not ~conomlCally !c;ulhlc Of it the \-e-curity of thi.. lA~d pt Trust would
<br />be Impaired. the insurafKc proceeds shall be applied to the sums ~t:lm:d hy InK l:h.'Cd t.~f Trust. with Ihe C'\t;css. If an)'. paId
<br />to Borrower. If the Pro-pert)' IS abandoned by Borrower. l~r if Ik'rrllwcr Luh to n:sp'md to- Lender .....ithin JO days from the
<br />date notice is mailed by Lender to Borrower that the msurance t:arrter otTer" to seule a .:Ialm lor insurance bcnetilS, Lender
<br />is. autbonzed to f,.~oneci and 3.ppfy the inwrill\C.e pH.'~S "I Lender's option clther to t\.~tord.tlon or rep;ur of the Property
<br />or to the sums secured by th.. Deed of Tru,t,
<br />Unless Lender and Borrower otherwise agree Hl wrltlOJl:. any Mk.~h apphcatlon ~)l pnxeeds to principal -;.naU nol extend
<br />or postpone the due date of the monthly instaUmenh r~terred h-' In paragraphs I and 2 h-erC\)t or ;,~ha"ge the amount ()f
<br />such installments. If under paragraph 1;0\ hereof lhe Propert~ I" OIl..':quued hy l.ender,.;.I1! fight. tille and Interest of Borro\'\'.('f
<br />10 and to,any insurance polides and In and to the pr<.x'eeds the-reot faulting I'rom d~mlagc 10 (he Propert)' ptlor 10 the :<..tlc
<br />or acquisttion shaH pus to Lender to the c,-tent ot the- ~um.s ~~cured by th..~ Ilt......'li 01 Trusl lmmc\hately prior to ..uch ~alc or
<br />acquisition,
<br />6. "'-""tiDa I0Il4 ~ of Proper1y: 1..,_""'" ('........miniu_: Planned lJnit Denlopmc,"s, ijNwwcr
<br />,hall k~ep the Propert)' In g(l(~ repair ~lIld ...haU .n~JI ,:l\lllnllt '"d~l(' lli' fX~n111t Imp.w mt:nl llf ddcnocl]IWft llf the- Pfo~rty
<br />300 slutJl -COmply with the- proVIsions 01 any )ea~ If thfS Deed l'( rru...l I~ nn a lea~hold. It thiS l.h."ed of Tru~t IS (lO a unit In :t
<br />condominium or a pianoed unit development Borrower shaH perform all of Borrower's obHgatton~ under the declaration
<br />or co"e~~ts -:teating or go'Vcrnlng the J:ondominmnt Dr rlanncd umt de\.ciopmenl. the hy~lawl\ ;wd rq:ulation\ lilt (he
<br />condominium Of planned uwl Oe\"'elopment, and constituent document.., H a .((\ndonunium or planned lion dC\'th.1pmenf
<br />rider is: executed by Borrower and recorded together ~'th this Deed lli !"rust, fhe l'lWeoanh and agrecmenh (If ~uch rider
<br />s.balI: be UlCOrporaled into and shaH amend and supplement the l.l.1\.cn:In..... ant.! agreements 01 this Dew ('., Tru~t ;1~ If Ihe rider
<br />...... " part hereof,
<br />1. ~ el lAMer'a Sietarity, If Borrower fiuts to perfNbl the covenants and agreements contamed in tni~
<br />Deed of Truat. or it 41l)' action OT procced!ng _is (.\)mmenccU whi-ch malena-it\" affects lender\. inter~l In lhe Property.
<br />tncludin&, but not limited to~ emineDl domaln_. mwtvetlC)". l:-O<k- enforcement, (;r arrangem-enh Pf pn.:);4.'eetJtn~ HlVl..~lvttlf!: ~t
<br />batdtrupr or decodeat. tben Lender at Lender's optiOR. upon notice to Borrowe-r. may make 'iuch appe.ar;m-c~. disblu\c ~;u.:h
<br />,um-s and tau sucb ac:lton as is M\."CU:Ity to protecl Lender's interest. including. hut not limited 10. lhsbun.cmcnt nl
<br />~bIe aU~Y.s f~ and enlry upon _the Pro-peny hl male rel;lair~_ If Lender re-quue\l mortgage in"ur-anl.:e .f" .1
<br />~ ~ mU.ln' t~ Joan secured by mJ.s Deed of Tnnt, Borrower ~h.ali pay the premiuf1l!t requiTc~ (0 mallltatn ,tlch
<br />tftlOl:llDCC In eIIect uattl -such time a$ the requirement for :such Hl'!turance ler-mmatc\ In accordam:e with 8t"\rrowcr\ ~mJ
<br />t..eodcr~. Wti:~_tcn a~ or applicable law. Bornw.,C't s-h~U pay the .lInount oi all mortgage Hlsuram:c plCnHUm"i ll\ the
<br />__ pt'<)Vided UlIdet parqrapb 2 hereof,
<br />A=za -lmot.tntl di$buned by l.ender put'SUiltnt to thIS pau{Craph 7. With auerfit ! hereon , \h~IH l)(!-C(\rtlC ,HldilloOll1
<br />i~1l .... of Itorrower ucu~ ~y thiS Deed llt TfllS(. Unfe:s5t Borft)Wer and Ll:'nder agxee- to (lIner tc:rm\ .vl payment. ~u.;h
<br />~ ~l be ~ upon nOltCe: front l~f 10 8otT\.'IWer re-quo,tm, payment therrof. .md shaH !leaf Hlfero.t f{'nlH fhe
<br />..... of ~ at the rate payablo- f.rom time: to time -t..'ln t1UtstAOt.httg pno1:ipai under the NIlle 111ik"'$~ payment (\f inh_~re'St
<br />.. lIOdt, fate ~ bt:. i.'OI'tt,.a" to .ppltcahle I~w~ in which te-\'C1H '-ll\:h amounh \haU ht-,\,u lfHCrt~f at the tllghcSf rate
<br />per..... UlIdet iIl'Pkable t.... N<:oth,"I C""!alDed '" th.. paragraph 7 ,hall requITe t''1lder h' Incur an, cx""ns. <or take
<br />...~-~,
<br />... ~ l,endtct ~, ~e, ,)1 \:aiUSC. to be m~ ft'-4M!U-:tbIe- -tl1trte!\ HpL'm -\ll)J tn\-pochOO", nf the ProfH."tty, PW'dt!NI
<br />thll ~ $hatU .... iJor~~ ~~"O Vt'lOt w any such tmpec-twn '\pa;'1f\"lU, n:a~)nabte- 1.'.Ui'tC tneretOT relafed to 1 t"1l'dt"r'".
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