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<br />83- 001952
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />,1. ".Y"'_ of Prindplll and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late eharges a. provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Deed of Trust.
<br />2. F'tmds...... Tn.. .... ............,e. Subject to applicable law or to a wrillen waiver by Lender, Borrower shaH 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 "Fundsot) equal to one. twelfth of the yearly taxes .and assessments which may attain priority oveT this.
<br />Deed of Tn~'t. 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 a_ments and bills and reasonable estimates thereof.
<br />The Funds shall he held in an institution tbe deposits or accounts of which are insured or guarameed by a Federal or
<br />Slate agency (including Lender if Lender is such an instilUtion). Lender shall apply the Funds to J>lly said taxes, assessments,
<br />insurance premiums and ground rents, Lender mar. not cha'ge for so holding and applying the Funds, analyzing .aid account
<br />or verifying and compiling .aid .....ssment. and bills, unl...s 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 unles.s such agreement is made or applicable law
<br />requires such interest to he paid. Lender shaH not be required to pay Borrower any interest or e.amjn~s on the Funds... Lender
<br />thaI! give w Borrower. without charge. an annual acc{lunnng 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 Ihi. Deed of Trusl,
<br />If the amount of the Funds held by Lender, together with the future monthl.v installments of Funds payable prior to
<br />the due dates of taxes, aues.sment.s. ins-urance premiums and ground rents. shaH exceed the amount required to pay said taxes~
<br />assessments. insura-n...---e pn!miums and ground rents as they faU due, ';.uch excess shall he. at Borrowers option. either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the !t.mount of the Funds
<br />held by Lender ~hafl not he sufficient to pay fax~. aS5eS.'i.ments:. insurance premiums and ground rents as they fall due.
<br />Borrower shan pay to Lcmde,( any amount necf'..s..9.ary If) m~ke 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 an num5 secured hy thts Deed of Trm". Lender '\haH pr(lmptly refund to Borrower any Funds
<br />he.!d by Le<nder. It under paragraph i 8: hereuf fhe Property l'i- s{lid (If the Pfl~pcrty ~s. orherwJ5e acquired by Lender. Lender
<br />~3ll apply, no laler than irnme:dlltciy pnOf 10 the "~lle t>j 1he Property nr Its acquiSItion by Lender. any Funds held by
<br />Lmder at the time of application as a cre<bt against the 'i:UffiS \C<:urcd oy thiS Deed of Trust.
<br />3, ApplklllioA of hymeats. Unle.. .ppllcabl< I"w provid", 'Hh<rw.se, all payments received by Leader under the
<br />Note .nd paragraphs I .nd 2 hereol shall Oe applied bv lender first In payment "f amounts payable to Lende, hyBorrower
<br />under para.graph 2 hereof, then to intcrt'~t pllya:hk on the NlJte, tilt'" to the pnn~lpal \)f the Note. and then to inrerest and
<br />pnn\,'':Ip.al o.n any FutuR Advances.
<br />4. ChUl~ IJe.. B<l-rtnWf't 'l>haH p~l~ aU ta'\c~. ..lU~SmCfH" ..!fill nfher charges:. fines and impo'Silion.s. attributable to
<br />the Property which ma~ attain a pnontr over if'H~ Deed ()-f Trust. and lea_sehold payment-s or ground rents. if any. in the
<br />ma.nner provtded under paragraph 2 hereof lJr. if not paid in such manner-. by Borrower maKmg payment. when due. directly
<br />ttl the: payee thcfe(lf, Bor(o....er \;hAlI promptly tUHH\h to I en-der ilil nCltI\;e.. tlt amounts dltc under this pa~graph. and in the
<br />c:vent .8orro'4>ef .hall make payment d1fecl1y. Bonow("f ~haH pmmp-th' fUfOlsh to Lender receipts eviuencmg such payments.
<br />Borrowcr sha.H prvmpdy dliehar~ any Hen whi-cn has pnority o\'cr Inl";. I~ed (tt lnJ5:'I: prOVided, that Borrower shall not be
<br />reqUlred to d),.charge any !l:uch hen ~o h,Jllg a'4 BorroW'ef 'i.haU agre<' IJl wnting to the payment of the obhgatlon secured by
<br />..neh hen m a manner a.:ccpu.ble tn Lender. or ~hali In good faith ((\nlcst such j;~n hy. or defend c'lforCemenl of slIch hen In.
<br />kgiJ p.roceedinp wtu(:h o-pe-nte t~1 p~ljent the enforcement (jt the hen l..~r f0rfeJturc ill the Property or any parr thereof.
<br />$. HaDnlI_~" Bom)WeT ~haB kcev the ImprOvclll(:nb now eu'tlmg or herc~fter ('reeted on the Property insured
<br />~lllmM 10Si by fire. h-azard.s included Wd.hin the term "C'",tcndcd ...u\'cr-age'., 4n~J ~ut'h ~)lhcr ha.zan.Js as Lender may require
<br />and. lD such amounts -lInd for ~ucn penOlb .il\- I ende.r maJ re-qwR. pffl\-'l-t.ted. th;il l.ender s.haU not reqlutc that the amtlunf of
<br />"\uch oo\"Cf'2we exceed fh.at amount (If l:il'\'et'3itC ,C01HTt:d tn va\' the !loum\ 'ilt'\.'llrrd hv thl\ Deed t..lt TnJ$l.
<br />The- inSunlinu: i.'~rncr provnhng the- in'\utam.'-C' 'f.haJj he l.:ho~n h- H()rrower $ubj-Cl"t t(l ilpprtwal by Lender: prOVided,
<br />fhat such appt'Oval shtil not be unreuonably wubhek! ."U premIums on lQ'UUnCC pohc-ics shaH be paid In the manner
<br />pr'OVided under paraarapb 2 hereof Of, II not paid '" 'IKh manner. '" Borrower making payment, when due. directly to the
<br />insurance carrier.
<br />,0\11 Hl-suraw.."C p'-'lhcies and renewal.s. thereoi shaH be in h\fm acttptab-k to Lender and shaH include a ~uand.td mortgage
<br />clause in favor of and in form a<;:-ceprahk:: to Lender. Lender \haH havt.' the ught to- hold tbe polki-es and renewals thereof.
<br />~ Bor-roW't'f' \baU prcmptty !~rniL~ t(! LtrKtc'r .lAU re~wa! nntKt.. _and aU !;..,,\:C"tpts, f)! pam premiums. _ In !he ~""enl of loss.
<br />Iktrrower .na.u Jive prompt nou~ to th<= insunnce ;,:;uner ,md t -coder. L~mJer may make.- proof of locs if not made promptly
<br />bv Borrower,
<br />, Unleu Lender and Bc.)fTowe-r ..l\,ne.rwise agf~ tH \.\-nhng, ,n'mrance ~eeds ..hail be applied to restoration or repair of
<br />the Propetly dama&ed. pco...idc:d \.octt r-estorath:m or u:-pau ;'j, ('..:nnon'UcaU~ tcaxiblc and the ~ur.ty of this Deed of T(ust i~
<br />not rheretw tmnlured. If s.w:h J'eSlOU.uon Of renalf I.. no( e->.:t:moffircaih' t-caubie \..If Ii the 'SC(:uritv of thi!li Deed (')1' Tf1.1St*otdd
<br />be ,mpalred, fhe ,nsurancc proceeds mall be aPrileoJ to lOe ,,'ou _ured hy this need of Tnrsi. wlIh the e,cess, if any, pa,d
<br />t(.1 Borrower. If tbe Pmperty IS abandoned by BOHoYo'er. ~lf If !t(}ffO",'C:f L.nh to respond 10 l.ender \\1lbin 30 days from the
<br />date notJce. hi mailed by Le.nder to BorroWlef that the H\Surarn:-c (".unCf otten to teUle .. chum for msuraru;;e benefits. I.ender
<br />j, authorized to cot"'"1: and apply the lftSUf3nt:e pn-.:eedf. at Lcn\kr's option t:llhe'r to restoratIon or repair ot the Property
<br />or to tho .unu IIC(;Ured by th.. D=d of T rmt,
<br />Unless Lender and Borrower <,Iberw,.., agltt 10 wntlOg, .ny ,uch apphcallon 01 proceeds to principal shall not extend
<br />or postpone the due date of !be monthly instaUme"" relerred ,,, 10 paragraph. I and 2 hereof or change the amount of
<br />such inotaUmems. If under pat1l&f1l"" I ~ bereof tll< Pr<'pell\ " '''<lUtted \". lender, all fight, tItle and interesl of Borrower
<br />in and to any insuratK."C poJt-d~ ..~m .and to the: p<<x.-ced\ there-of rnuhtog from damage 10 the Property prior to the sale
<br />llf acqWt.ition !!.hall piUS to Lender to the: t'\,U:nt (}i ;he ~U1l\S )CCured. I:-y [hiS lked of Truu Immediatel)' prior to such !ioale or
<br />acquisilion.
<br />6. "'_ ...... .... l\~ of Pmpetty: lA~ CondomiRlumst PIlIDDed URlI DeveJopmcnts. Borrower
<br />,haft keep the f)ropcrty in J:ood rep.1.tt .:.tnd s.haH nt'lt l.~Omlmt \'\-aSle nr ~rmlt lmpalTtner.t \)f deterioration of the Property
<br />and $hajJ comply with ~ proviMOOl of a.ny Jcue If this Deed of Trust l'i on a leasehold, If tbi~ Deed of Trost is on a unit in a
<br />condominium ~r a planned unit develupment. Borrowe-r shall pedorm all of Borrower'~ obligations under the dedarilttOn
<br />(.'it coveoanb cnab"1 or governing the ~ondomlnium ('f pfanned unH development, the b;'~Ii!lw", and regulations. of the
<br />c~ or pllllla:d unit devdopment. and: consHtuent. document" , I f a. condominium or planned unit developmenl
<br />t1der ., executed by Borrower and recorded h.1getht-r '""an thf~ Deed of '1 rust. the covenants and agreements of sllch nder
<br />dlaJl be Incorpontcd inlo and shall afDC'oo and suppiement tbe co"cna,nt~ and agreements of !his Deed of Trust as If the rider
<br />_ a pan bcAof,
<br />7. PretectIow of LetIda-'s Secerity. If Bccft)wer (.iuts to perform the ..:ovenanls and a.grrenlcnts. (ontaincd in thi~
<br />~ ~f Trust. 01' ~f aay Ktion Of" ~inJ 1~ commenced which matenally ~t..ects Lcnder'~ internt In the Pmperty.
<br />H)(;:lucfinc.. but not hooted to! eminent donuu.n. Ulsolv-ency. code emorcemcnt. or arrangements or proceedings Involving a
<br />bank:ruJlt or decedent. then Leader at Lendc:r's opt!Of!~ upon notlc~ ro Borrower, may make such appearan\.':cs. disburse 'Such
<br />JUmS and take .web ilCtion as is ncceuary to protect Lender's, interest. mcluding, hut not limited to. di_sburs.eme:nt \'It
<br />~ a~~~ f~ a.nct e:m-ry upon the Proper-t}' h.1 make repau~ It Lender required mongage HUlirt-lncc U\ ;1
<br />~ 0( ll:lakUlt lhe "'*n ~ by tb", D=d of TrllSt, Borrower .hall pal' ,he premium. reqUIred h) malntam such
<br />ulltlr~QCC_ .in eft'Cld mrtil 'JUCD time as the rcq:u~t for luc,h msurauot-"e tNmmalC'$ in accordance wHh. Rorrowtr'" and
<br />I......" ~ ~ or .ppIicable law. Borrower .hall pa}' lhe amount of all mortgage insurance prenllllln. ill Ihe
<br />__ plm'ided __ panfnpb 2 l>ereof,
<br />A.:z UDO!UOts ditbuned hy f.ender punuam h) this paragr.aph 7, wllh mterot the-redn. shalt he.\.'\.ul\e adlhtJtlflllJ
<br />\""lel~ _ of &ormwer ~ by this Deed ot Trust, \Jnl.,..s Borrower and '""der aRree to ntOer 'emu of pl}'ment, "lch
<br />- .t.alI ho PllyabIc upon notice from Lender 10 Bor~ requesti", payment therwl. and shall hear inlefClU from th<
<br />... of 4WIiu_1. 11' the t'&te PIIy.tlle from time t<' lime on out,>tandmg J>flncipal under the NOle unl.., paymenl "f inten.".t
<br />ot _It r<<te ~ be ro,unry to aJlf'l"",bIe law, in whtch <vent such amoums ,hall Oe.sr mI."", at the h'llh~..t rale
<br />~ UDIler ~bIe law. Not.bin$ cuttt.ll,ood in thIS paralfapb f sh.1i r"'lulfe Lender t" IOcur '"Y e\pense or lak<
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<br />L,' ~ l,eader may make or _Ctu.: to bI! fflade rea:sonabJe ('nt~ Up'"ln and IO:5ipecttOO1 t'\t the Pro-pen)', pn'\-nded
<br />tlratl....,........ ~ ""''" pnI.)f \U .u}' ,uch 'll$pect,,,,, '"""tfym! ",...,,,,,hle came tll<'ret", related h.' I ender',
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