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<br />UNIFORM COVENANTS.: Borrower and Lender covenant and agree as follows: 83- 0012 G 8
<br />.1. ~. ofPriadplll ..... I_rest. Borrower shall promptly pay when due lhe principal of and interesl on Ihe
<br />ind.ebtedness evidenced by the Note. prepayment and lale charges as provided in the Nole. and the principal of andinleresl
<br />on any Future Advances secured hy tbis Deed of Trusl,
<br />Z..Jl'lmdsr...T_aad~_ Subject to applicable law or to a written waiver by Lender, Borrower shall PaY
<br />10 Lender on Ihe day monthly inslallmenls of principal and inleresl are payahle under the Note. untillhe Note is paid in full.
<br />a SiiiiF(h~;. "Fi.luGsn) equal ro one..t,,"~:fth of ;he yearly ta.xes and assessments which may Qttain priority over- this
<br />Deed of Trust, and ground rents On the Property, if any, plus one-lwelfth of yearly premium installments for hazard insurance,
<br />pins one-twelfth of yearly premium installments for mongage insurance, if any, all as reasonably eslimaled initially and from
<br />time to time by Lender on the basis of assessments and bills aod reasonable estimates Ihereof,
<br />The Funds shaUhe held in an institulion the deposils or aecoun!., of which are insured or guaranleed by a Federal or
<br />slate agency (incinding Lender if Lender is such an inslitulionl. Lender shall apply Ihe Funds 10 pay said ta.~es. assessments,
<br />insurance premiums and ground rents, I.ender may not charge for so holding and applying Ihe Funds, analyzing said account
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Fuilds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in wriling al Ihe time of execution of this
<br />Deed of Trusl Ihat inleresl on Ihe Funds shall be paid to Borrower. and unless such agreement is made or applicable law
<br />requires such interest 10 he paid, Lender shall not he required to pay Borrower any interest or earnings on Ihe Funds, Lender
<br />shall give 10 Borm....".. wilhout charge, an annual accounting of the Funds showing credits and debils 10 Ihe Funds and the
<br />JIlU1ICl"C for which eacb debillo the Funds wa.< made, The Funds are pledged as additional security for tbe sums secured
<br />by this Deed of Trust,
<br />If the amount of Ihe Funds held by Lender, togelher with Ihe future monthly installments of Funds payable prior to
<br />lhe due daleS of laxes. assessments, insu11lnce premiums and ground rents, shall exceed lhe amount required 10 pay said taxes.
<br />assessments, insurance premiums and ground rents as Ihey fall due. such excess shall be. at Borrower's orion. eilber
<br />promptly repaid to Borrower or credited 10 Borrower 1m monlhly inslallments of Funds, If Ihe amounl 0 Ihe Funds
<br />held by Lender shall not be sufficient to pay laxes, assessmenls, insurance premiums and ground rents as lhey fall due,
<br />Borro....".shall pay to Lender any amount necessary 10 make up lhe deficiency wit bin 30 days from lhe date notice is mailed
<br />by Lender to Borrower requesting payment lhereof.
<br />Upon payment in full of all sums secured bv Ihis Deed of Trust. Lender ,hall promplly refund to Borrower any Funds
<br />held by Lender, If under paragraph 18 hereof lhe Propeny IS sold or lbe Property IS otherwIse acquired hy Lender. Lender
<br />shall apply, no later than immedlalely prior 10 lhe sale 01 Ihe P'openy or its acquiSItion hy Lender, any Funds held by
<br />Lender at lhe lime of application as a credil againsllhe sums secured by Ihis Deed of Trosl,
<br />3. ApplieIdioa ot -Payaenls. Unless applicable law provide, Nhe""'lse, all paymenls received by Lender under Ihe
<br />NOle and paragraphs I and 2 hereof shall he applied by Lender lirst in paymenl of amounts payable 10 Lender by Borrower
<br />under paragraph 2 bereof, then 10 interesl payable on Ihe NOle, Ihen 10 the principal of the NOle, and lhen 10 inleresl and
<br />principal on any FUlu", Advances.
<br />4. aa.aes: I..&e.s. Borro"''et shall pay all taxes. asse.'fiSmenls and llther charges.. fines and impositions attributable 10
<br />tbe Propeny which may attain a priorilY over lhls Deed of Trusl, and leaschold payment. or ground rents. if any, in the
<br />manner provided under parqraph 2 hereol or, il nol paid in such manner, hy Borrower making paymenl, when due, directly
<br />10 the payee lhereof, Borrower shall promptly furmsh 10 Lender all nOllees of amounts due under Ihi. paragraph, and in the
<br />e_1 Borrower .hall make paymenl directly, Borrower shall promplly furmsb 10 Lender receipts eVldenclfig such payment.,
<br />Borrower shall promptly discba!P' any lien which has pnonly Iwer this Deed of Trusl: pnlVlded, Ibal 80rro""r shall not be
<br />required to dischal'l" any such hen so long as Borrower shall agree lfi '" riling 10 Ihe payment of lhe obligallon secured by
<br />such lien. in a manner acceptable to lender. or $baU In good fanh contest s.uch lien h)'. c)f defend enforcement of such lien in.
<br />Icgal0::':1i which operale 10 p",venl the enforcemenl of lhe hen (If forfeiture of lhe Property or any parI lhereof.
<br />J-. Borrower sball keep Ihe Improvements flOW e"Sllfig or hereafter e=red on the Properly insured
<br />apinsl loss by lire, hazards included within Ihe leno "extended .:overage". and SIKh olher hazards as lender may require
<br />and in such amounb and for such pcflods as I.ender may reqUire: Pflwlded, that Lender shall not reqUlce that Ih~ amounl of
<br />'uch COVCfIl&C exceed Ihat amounl of coverage reqUired 10 pal" lhe .ums ,"""ured I>y IhlS Deed 01 Trust,
<br />The i.....rance carrier provtding the insurance ,hall be Ch_fl 1>. Rono",,,r .ubl<<:1 1<> approval by I.ender. pf(>Vld~d,
<br />d.1 such approval shall not be unreasonably withheld, All premiums on Illsurance policies shall be paid in lhe manner
<br />provicIcd UDder J*alRpIt 2 hereof or, if not paul in such m~r, by Borrower making payment. when due, directly 10 the
<br />ill8Ul'UlCe c:arrief,
<br />All insuranc:e policies and renewals lhereol shall be on form a"ceplable I,) I.ender and shall include a slandard mongage
<br />clause in favor of and in form acceplable to Lender, Lende, shall ha,... the ngbl 10 hold lhe poIiclCS and renewal. lhereof,
<br />and BorlnVl'Cl' sbalI promptly furnish 10 Lender all renewal notices and all rece.pts of paid premIUms, In lhe evenl of loss.
<br />Borrower shall give prompt notice 10 the Insurantt c.arner and I.euder, Lender may make proof 01 loss if nol mode promplly
<br />by Bonowcr,
<br />UttIas Lender and Borrower olherwise agree in ",fitllls. msurance proceeds ,hall he applied I,) restoration or repaIr of
<br />lbe Property damaaed, provided such reslorallon or repan IS ceo_ally fusible and lbe securilY I.f Ihis Deed of Trusl IS
<br />not thereby impaired. If such resloralJOO or repaIr" not economically feASIble 'v ,f the ,"""unly 01 Ihis Deed ,'f Trust woulJ
<br />be impllired. the imurance proc:eeds sbalI be applied 10 the __ secured by 1M Deed of Trust. wilh lhe ~xCCSS, if any, paid
<br />10 1Ion:ower, If lhe Property is abandoned by Borr.,..."r, ," if llorTower fad. 10 .espond 10 Lender wilbin 30 day. from lhe
<br />due norice is maiIcd by Leader 10 Borrov.-er lhal the IMUraD<< carTler .lIfers 10 settle a claim for in.uflltll..., benefits. Leuder
<br />is llIllhorizcd 10 coIIec:t and apply the iMuraDl:e pnxecds at I.ender's Option ..ther to resluralJOn or repair of the Properly
<br />or to the _ e:und by this Deed of Trust.
<br />Unleu Leader and ~ Olbcrwtse ..ree Ifi wTlIi.... an~' uoch applicauon 01 proceeds 10 principal shall not extend
<br />or pllIIpoM the due date of the monthly irmaUmen.. refet:red 10 .n parap:a"'" I and 2. hereof or chanae lhe amount of
<br />such i-u-rs. If UDder J*alRph 18 hereof lhe Propelt~ " a~-quired by tender. all nth!. title and interest of Borrower
<br />in aad 10 till)' i_ policies and in and 10 the J'lO'-eed$ lhereof rcwIllfi' trom darrtaae to lhe Property prior 10 lhe ..Ie
<br />or acquiaitioa shall pus 10 Leader 10 lhe CJtlenl 01 the sums se.:ured bv IbIS Deed of Trusl .mmedialely prior 10 such sale or
<br />ac:quiIiIioG. .
<br />" .._............ tT . 1 -.., ~ I......'.: CIF'. .. I........ UtIlt De.II. nt. Borrower
<br />shall t.cqt lhe PropenY Ifi cood replln and shall nOt commll "ute ,.r pcm"l impallmettl or delerioralion of lhe Propen)'
<br />and aIlaIl comply with !be flIO\'iI"- of any lease if this Deed of Trust i. on a leasehold, If this Deed of Trusl is on a unil in a
<br />condominium or a planned unil de ve/opIMat. Borrower shall peQofm all of Borrower's obIiptiOflS under lhe declaralioll
<br />or _ o:nleIiaa or ..-mn, !be coocionuniwn or planned unit development, lhe by-laws and regulalions ot the
<br />,MCil..iftium or planned UBlt ~l. and co...muenl documelllS. If a condominium or planm:d unil developmenl
<br />rider is CIUICIIlItd by IIclrIoww and recorded toaether wilh this Deed ..t Trust. lbe _.. and agrecmatts of sucb rider
<br />abaIl be iDC>llfJlllCUld into aad shall amend and supplcmcnl lhe <-o'......n.. and ~ts of Ihis Deed l't Trusl as if lhe lider
<br />_. putlMnof,
<br />'7. ........ of ......... s..tIJ. if IIon:ower fall. 10 perform lbe ~'OVClnanb and asn:ement. contained in Ihis
<br />Deed of TnlIt. or if tIllY ac;tion or proceeding is C'Ol'ftlOef>Ced which malerially alfects Lender's inlerest in lhe Propeny,
<br />i~ ...._lifr*ItI to, -'-t don*a. imooIvcftr:y, code eofoceemenl, or arrangements or procecdinll5 involvin, a
<br />....... or deoedeIlt. IbeD Leodw at Lender's oprioa. upon lIOlice 10 Borrower. lOay make such appearances, disburse such
<br />- aad tat.c ... at:tiaD as is .-ry to ~ LeadeI's illl_. includiog. but nOl Iimiled 10, disbunement of
<br />~ atIanIeYa f_ aad -*y upoa die Property 10 make cepaln. If Lender required mortpp insurance as a
<br />~ of.... lIle Iou __ __ thia Deed of TntSt, IJorrow,er shall pay lbe premiums required 10 maintain sueh
<br />~ ill effect lAItil .... w. as the ~I for .uch i_occ lerminates in llC<.'Otdance with IIom>wer's and
<br />........ __ ___ or ~ law, Borrower sbalI pay the amount of aU man.... insurance prem,ums ill lhe
<br />-.......1I..=r~ 2 beno{,
<br />=_ bY I..ellIder ,...111 to Ibis patqraph 7. With inleresl ............, .shall become. addi...",al
<br />;...... I I of_'____ by this Deed of TtuSl, Un'" ~ lUId lender aaree 10 other _ 01 payment. such
<br />--.... .,.,.... upoa llOIiDa ,,.. .... to Borrower ~illl paymml them>f, and shall !>ear inl<lnlll from the
<br />.... of 1l1f 11 . __,.,.... "- ...to 1_ <lft OIlIlIlaadina pn~pa1 under the NOle ...... paymenl ..f inlelest
<br />. ~_ralt......~ CBIllnlT 10 ~ It,,", in wlud> _t such .-nts shall bear Interesl al tbe hi,hest rale
<br />.... ,..............., ~ -..ad In this patqraph 7 .hall _te Lender to Ille:", any e.pomoe or take
<br />..--..........
<br />.. 1lr11ll n < LeMar lIIlQ .. (II' '_10 be .... ~ cntneI upoa and IlI'Sp<<tiOM "I the Pr<>pony, r"wtde.l
<br />.... ........,........ -....- - priet to allY such ialpeCbOO sf*if)'ina -'>Ie ,,,..... lbetefor rdaled h' I ender's
<br />-..........,
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