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<br />33-tJd IL/~'
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<br />UNIFORM COVENANTS, Borrower and Lender covenant and agree as follows:
<br />.1. Payment of Priaclpal and Interest. Borrower shall promptly pay when due the prineipal of and interest on the
<br />indebtedness evidenced by the Note, prcpayment and latc 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. FnDds for Taxes,and Insaranc:e, 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 on....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 bills 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 sucb an institution), Lender shall apply tbe 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 />0' verifying and compiling said assessments 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 shall not be required fO pay Borrower any interest or earnings on thc Funds, Lender
<br />sball 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 rcnts as they fall due, such excess shall be. at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds_ If the amount of the Funds
<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 mailed
<br />by Lender to Borrower requesting payment thereof,
<br />Upon payment in full of all sums secured by this Deed of Tntst, Lender shall promptly rcfund to Borrower any Funds
<br />held by Lender, If under paragraph 18 hereof the Property IS sold or the Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than immedtately prior to the sale of the Property or its acquiSItion by Lender, any Funds beld by
<br />Lender at the time of application as a credit against the sums secured hy this Deed of Trust.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph i hereof, then to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances,
<br />4. Charges; Uens. Borrower shall pay all taxes. assessments and other charges. fines and impositions attributable to
<br />the Property which may allain 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 noricesof amounts due under this paragraph, and in the
<br />event Borrower shall make payment directly, Borrower shall prompliy furnISh to Lender receipts evidencing such payments,
<br />Borrower shall promptly discharge any lien which has priority over this Deed of Trust: provfded, that Borrower shall not be
<br />required to discharge any such lien so long as Borrower shall agree in \\Titing to the paymem of the obligation secured by
<br />such Hen in a manner acceptable to Lender, or shall in good faith contest such hen hy, 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~ HaanlIIlSUI"'8Dtt. Borrower shall keep the Improvements now eXisting or hereafter erected on the Properly insured
<br />against loss by fire. hazards included wilhin the term "extended cover~ge", and such other hazards a~ Lender may require
<br />and in such amounts and for such periods as Lender may require: proVided, that Lender shall not reqUire that the amount of
<br />'luch coverage exceed that amount of coverage required (0 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 Lender: provided.
<br />that such approval shall ont be unreasonahly withheld_ All premiums "n insurance policies shall be paid in the manner
<br />provided Wlder 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 in form acceptable to Lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender, Lender sball have the right to hold the policies and renewals thereof,
<br />and Borrower shaU promptly furnish to Lender aU renewal notk.--es and 3.11 receipts of paid premiums. In the event of Joss,
<br />Borrower shall give prompt notice to (he insurance carner ami Lender. Lender may make proof of loss if not made promptly
<br />by Borrower,
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds ~hall be applied to ;estoration or repair of
<br />the Property damaged~ provided such restoration or repair is economically feasible and the security of this Deed of Trust is
<br />not thereby impaired, If such restoration or repair is not economically feaSible or If 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 Trust, with the excess, if any, paid
<br />to Borrower, If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the
<br />date notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender
<br />is authorized to collect and apply the insurance pnx:eeds 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 otherwise agnoe in writing, any such application 01 proceeds to principal shall not extend
<br />or postpone tbe due date of the monthly installments reterred to in paragraphs I and 2 hereof or change the amount 01
<br />such installments, If under paragraph 18 hereolthe Property IS acquired hy Lender, all right, title and interest of Borrower
<br />in and to any insurance policies and in and to the proceeds thereof resulting from danlage to the Property prior to the sale
<br />or aequisition shall pass to Lender to the eAlent of the SUlllS secured by this Deed of Trust immediately prior to such sale or
<br />acquisition,
<br />6. rr.en.dua IUld ~ of PI'OpHty; LeIl5eholds; Co......mlalulllS; Planed Vult DeYOlopmenls. Borrower
<br />shall keep the Property 10 g(')(.')d repair and shall not commit waste I,X permit imp<.tirment uf deterioration of the ProperlY
<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 a unit in "
<br />condominium or a planned unit development, Borrower shall pedorm all of Borrower's obligations under the declaration
<br />or covenants creating or governing the condominium or planned unit development, the by-laws and regulations ,'f the
<br />condominium or planned unit de'Yelopment~ and constituent documents. If a condominium or planned unit development
<br />rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agnoements of such rider
<br />shall be incorporated into and shall amend and supplement tbe coVenants and agreements of this Deed of Trust as if the rider
<br />were a part hereof.
<br />7. ~ of LeaMr's Seauity, If Borrower fails to perform the covenants and agreements contained in this
<br />Deed of Trust. or if allY action or proceeding is commenced which materially affects Lender's interest in the P,operty,
<br />including. but not limited to. eminent domain. insolvetlC)', code enfo,cemcnt, or arrangements or proceedings involving"
<br />blu1krupt or decedent. then Lender at Lender's option, upon notice to Borrower, may make such appearances, dishurse such
<br />sums and take such action as is necessary to protect Lender's interest. including, but not limited to, disbursement of
<br />_hie at_Y'$ fees and entry upon the Property to make repairs, If Lender required mortgage insurance 'IS "
<br />~ ':If. ma.klng the loan :sec:ured by this Deed of Trust, Borrower shall pay the premiums required to maintain ,uch
<br />trll_ace .n elfeet untlI such time lI$ the requirement for such insurance terminates in accordance with Borrower's :md
<br />l.eoder's wri_ ~ or applioabie law, Borrower shall pay the amount of all mortgage insurance premiums in the
<br />_ pnwided ItDlIIIr parqrapli 2 hereof,
<br />~ -.atJ dillbuned by tender pursuant to this paraaraph 7. with interest thereon, shall become "dditiooal
<br />i ..... ofBotrowet -..red by tM Deed of Trust, Unless Borrower and Lender agree to other terms of payment, such
<br />~ IlIall be payable upon notice from IAtlder to Borrower req.....ting payment thereof, and shall hear interest from the
<br />.... tlt ~ at tbe no.. payable from timo to time on oulstand/II' principal under the Note unless payment of interest
<br />at tIIIdt "'to WOIlId bo COtlb'tlry to applicable law, in which event such amounts shall bear !Otoresl at the bigbest rate
<br />~ UIIdor appIioable law, Nothillll contAined in this parapph 7 shall require Lender to incur any expense or take
<br />.y ~.......,.
<br />.. ~ leador _y Olldoc 0"'._ to be m.ode reasonable entne. up',n a.nd insp<<:t1ons of the Property, provided
<br />lbat L.elldIr tIlatIll.... 8I>n'owc:r not"'" pt'tOI 10 lUll' '\lI:b IMpecU,'n spe,,,fyml reasonable cause theretor ,elated fO Lender'>
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