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<br />UNIFORM Coverrntvrs. Bnrrnwer and t-ender covenant and agree as follows:
<br />1. Pagtnert of Principal and Interest. Borrower shaft prompty pay when due the principal of and interest nn the
<br />utdeMedness cvrdenced by the Note, prepayment and late charges as provided in the Note. and the principal of and interest
<br />nn anyy Future Advances secured by ibis lk:ed of 7 rust.
<br />Z. Frtade for Taxes and inxnnnce. Sabject to applicable taw or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly instalirnents nC pnncrpal and interest are payable under the Note, anti{ the NotE is pairl.in full.
<br />a sum therein "Funds"i equal to one-twelfth of the yearly taxes and assessments which may attain priority-ovccthis"
<br />Used of Trust, and ground rents an the Property, if any, plus rnte-twelfth of yearly premium installments foehaz~:insurance:"".
<br />plus arts-twelfth of yearly premium installments for mortgage insurance, if any, alt as reasonably ettimated initially and from_
<br />time to time by Lender on the basis of assessments and bills and rcasanable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accoums of which arc insured or guaranteed by a-Federal-or-
<br />state agency fnneuuding Lender iC Lender is such an institution). Lender shall apply the Funds Co pay said-taxes, assessmEnts:.
<br />insurance premiums and ground rents. Lander may nor charge for so holding and applying the Funds, analyzing said 8ecouM-,
<br />or verifying and compiling smd assessments and bifls, unless Lender pays Borrower rnterest on the Funds and appiieabk~law
<br />permits lender to make such a charge. Barrawer and 1-ender may agree in writing at the time of execution-of-this
<br />Decd n( Trust that interest on the Funds shall he paid to Burrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall not to rcywred to pay Borrower any rnterest or earnings on th¢ Funds. Lender
<br />shall give to Rorrower. without charge. an annual accounting of the Funds showing credits and debits to the Fundsand-!fie
<br />purpose for which each debu to the Funds was made. The Funds are pledged as additional security for the auttts-xcttred---
<br />hv this Dced of Trust.
<br />If the amoum nY the Funds held he Lender, together uith the future me>nthly installments of Funds payable prior to
<br />the due dates of taxes. assessments. insurance premiums and ground rents, shalt exceed the amount required to pay said taxes,
<br />assessments, insurance premnun, :rod ground rcrus as they L,Ii due. urh euess shall he. at Borrower's option, either
<br />promptly repaid to Borrower ur crEdired h+ Bnrrnwer an monthly installments of Funds. If the amount of the Funds
<br />held hp Lender shall not he nifticient io pa} taws. ssscsstnems. insurance premiums and ground rents ss they fall due.
<br />Borrower shalt pay nt Lender any amount necessary to make up the deficiency within 30 days frrnn the date nodes is maileti
<br />by lender to Borrower requesting paymen± thereof. _
<br />Upon payment in lull of ail sums secured h; thts Deea1 of Trust. lender shah promptly reload to Borrower any Funds
<br />held by Lender. if under paragraph iti tserenf the Pronert} r, Bald ar the Property is n[hcnytse acquired by Lender. Lender
<br />shall apply, no later than irnmediatety pru+r to the .ale of the Pr+peny or its acyuisrt+on h}• Lender. any Funds held by
<br />t.eader at the rime of apphcatimt as a credit against the surnc secured by this Ueed of Trust.
<br />3. Applkalitm of Ferments. Linless applicable i_: v. pmvrdec othcrwrse. all payments reserved by Lender under the
<br />Note and paragraphs !and 2 hereof shalt lea apphed hs t codex fir,! in pavna•nr of amounts payable to Lender by Borrower
<br />under paragraph Z hereof, then tv imerrst payable on nc~ Note. then m the prmupai of the Note. and then to interest and
<br />principal on any Future Advances.
<br />4. Chafes: Lions. Borrower shah par all ta>ec. asessmcors ,rod other Jtarges. fines :urd unposnions attributable to
<br />[he Property which may again a pnunty over ihrc Ured uf -77ust..utd leasehold payments or grmmd rents, if any. in the
<br />manner provided under paragraph ? hereof or. it no; p:ud ui such m;mner. by Borrvwer making payment, when due, directly
<br />In the payee thereof. Bnrrnwer shall pnmptly tune<h to t ender ail noaas of anwunts Jiie under [hts paragraph, and in the
<br />event Borrower shalt make paymem duecdy, Bexr.,u cr sh;dl promptly tarnish to Leader reeerpts evidencing such payments.
<br />Rorrower shall promptly discharce ,m} try,. a hi:h ha, pnnna ,+~rr thi. Ured o! I run: prrvided. [hat Barn+wcr shall not ha
<br />requtred tv discharge any >uch lien <~+ long :,, Burr+urr ,hat <,grcc m unune ;u the payment of the obligation secured by
<br />ouch lien in a manner aeceptahte u, Lender. nr shat: in good t.nth ax+tesi such lien hy, or defend enforcement of such Iicn in.
<br />legal pproceedings which upstate to prevent !hc en: arcement tit the ben or torfeuure of she Property nr arty part thereof.
<br />i. Hazard Insurance. Bnrrouer shall keep ihr m:pravcmenrs sou cu,iine or hrrcod icy erected an the Property insured
<br />against ice? by fire, hazards mchrdr~d wnhin the icrm evnndeai aarvcrng~ and +ush other hazards as !.ender may require
<br />and ra such amounts and fur such perrods as i cedar n,a,~ reywre; provided. that I-ender ehaii not require that the amoum o,`
<br />such coverage exceed that amoum of cn,=crags :eyaured rn p.r. thto s,im. secured he this Dced of Trust.
<br />The insurance carrR'r providing the insuranec shall !x thcasen nr livrrrnoer sab)eet to appnn•al by Lender. provtdeil.
<br />[hat such approval shah oat 6r unreasunaMy uuhhrid Ail premmnu on insur;mcc policies shall be paid in the manner
<br />provided under paragraph Z hereof vr, a :rut peal .n such manner. by Barrnwcr making payment. when due. directly to the
<br />insurance carrier.
<br />Aii insurance polittes and renasvsls therevi shalt 6e m turro acceprahtc io Lender and shalt uuludr a standard mortgage
<br />clause in favor of and in form acerptahie to C ender t cndrr vigil h,ise the tight m hold the polities .rod renewals thereof.
<br />and Borrower shall promptly furnish u, Lender .,ii renewed notur, :nd all :~tc~prs tit pool prrmmms. In the even of loss.
<br />Borrower shall give prompt naiice to ihr rnsurancc ~_:.; ter ;end 2.endrr Lander mar make proof of Inss d not made promptly
<br />by Barrouxr. _
<br />Unless Lender oral Rorrower aNteruisY agi ec ui unratg. insurante pratzeds shall be apphed to resroraUOn er report of
<br />the Property damaged. pravi<led such rrs:oration yr repa;r rs coins+nucaih tcusibla anti the scairny of th c Ueed of Trust rs
<br />not thereby impaired.. ff such restvration or icputr is not eeanom;caiiv feus;bie ur +I the 5eeanty vt this Ured of Trust would
<br />hr rmpairc-d, the insuranec proceeds shalE be apptted to ilia: sums src!:red by thy, fyecd of inrc[_ rvnh the e~mss, if ang, patd
<br />to Borrower. If the Property i< sbandamexi 6p Bnrrnwer. cr d Rarrouer tad, to rc+pund ¢> Lender within 30 days from thr
<br />date notice is malted by Lender to Rorrower that the msuran.:. earner ufl~ers to settle a clam for insurance hcnetits, Lender
<br />is authorized to collect and -apply thr insurance prveerds at !.ceder s epaon cithrr to restoration or n!pair of the Property
<br />ar to the sums secured by thrs Ueed vt' Tttnt.
<br />Uttiess Leader and Borrower atherwrse agree rn wrrung, env sacra :ipphcauon u( proceeds to principal shall oat extond
<br />yr postporn rho due date of the rnonthiy rnstallments rrferred to m paragraphs I end 2 hereol or change the amount of
<br />such mstaltments. If under paragraph i& herrut the Property rs ae:gwred by !.ender, ail right, title and interest of Borrower
<br />in ao¢ to any insurance policies and rn and to the proxeeds therrnf resulting from damage to the Property pear to the sale
<br />or nequisition shall pass [a Lender to the ruent of the sums secured by this Deed of "t rust munediately prior to such sale ar
<br />acquisition.
<br />6. ?reaersatlsr and Mslrlenance of Property; Exaxhnlds; Condominiutns; Planned Unit Developments. Burrower
<br />shaft keep the Property in gaud rEpair and shall not cumnut uaste ur permit unpainnent or drtcrivrttion of the Property
<br />attd shall comply with the provisions aC cry (Ease if this I?eed vt Trust rs tin a tcasehoid. If this Deed of Trust is an a unit in a
<br />condtitttinium or a planned unit deyeiapment, Barrawer shall perform all of Borrower's obligations under the declaration
<br />or eaYemou cte:ating or governing the condominium or planned amt development, the by-laws and regulations of the
<br />condominium or planned unit devElopment, and constttuem documrnts. It a condominium or planned amt developmem
<br />rider is Executed by Borrower and recorded together with thrs Deed o[ "f rust, the covenants and agreements of such rider
<br />shall be iturorporettd into and shall amend and supplement thr covenants and agreements of this Deed of Trust as if the rider
<br />wttt a port hEreof.
<br />7, hsieegnn of herder's ts«rrity. if Bormwar far{s to perform the -•ovenants and agreements contained in this
<br />Deed of Ttttat, or if arty action or proceeding is cantmenced which rnateriali}• afTects tenders rnterest in the Property.
<br />ittcluditt*, but not limited ta, eminent domain, insolvency, code enforcment, ur arrangements ar pracetxiings imrolving a
<br />bankrupt M decedent.. then LenrfEr at Letter's option. upon notice to Rorrower, may make such appearances, disburse such
<br />suer and take ouch action as is necessary to prt>tECt l.Ender's mteeESt, including, but not limited to, disbursement of
<br />reasorabla attorney's fees and Entry upon tfre Property to make repairs. if Lender required nortgage insuranec as a
<br />cnrdition o[ rookie; the loan seetued by this Deed of Trust, Borrower shalt pay the premiums reyuirrd u, maintain such
<br />itxttrrar#rtxt in e~set tmkil such tune as the sequircutrnt I'or such insurance terminates rn accordance with Borrower's sod
<br />t,idtldar';#irrjttett aRrE;Emeo# nr appltcaEtk taw. Bormwar shag pay the amauru o! s;l mongage insurance, premiums in the
<br />n+aaaint provided utit~ garaBrepli 2 hesrtnL
<br />Ary ur~ttattn#s diflwtaod by LEttder ptttsttant tv this paragraph 7, with rnterest therECm, shaft etectrme additions(
<br />tnd~ge+dttsM of Bot#txwEr ~urod by this f)#xd of Trust. Untess BorrttWEt and l~ttder agree to other terms of payment. such
<br />atntwttt[sd#til lot psyalrb upon ntxic~ front LEndet fa Bormwar rcyrtESting payment thereof, and shah hear interest tram the
<br />datasatt ditdfrrsa#nenr at alto iatE payable front lime tta time on nutstaoding principal under nc~ Nere unless payment aftnteresa
<br />at such 1711E wtxt~~lx Cnitfrafy to applicablE law, in which event strch amcauetts shag hear mtesESt at the hrgltest rate
<br />ltenaieaftoiattnder appiiicatrlc law, Atathitsg comtained in this paragraph T shall require Leader to imur an}• expense ur takE
<br />any act~tn itEt[[undar.
<br />!<. -~ LEt'•ddrr (nay makE sx cause to tsE rnadE reascsnabM entirite upon and msprct+ons of the Hmpe-rty, pn,valeai
<br />tFtart kxoaler si+nii KnE ,sortttwEr M#tiee prior to ang' such itxspt~#tem xpr,:str.ng sEaxcnuhtr causz thctefor tetatect to I enders
<br />tttrv<tail tr*; t1t+r--- Prt>nettY.
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