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<br />1)tYIFORM Covetvartrs. Borrower and Lender covenant and agree as follows: i lJ l/~fil=t1
<br />.1. Payteeet of Prieefpal and InferW. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment amt late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Dted of Trust-
<br />2. Faetils ter Talcs tntd Intteatsce. Subject to applicable taw or m a written waiver by Leader, Bttrrovrer shalt 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°) [goal to one-twelfth cf 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 otte-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated.initially and from
<br />tint 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 ur accounts of which are insured or guaranteed by a Fedeial or
<br />state agency {including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxea~ assessments.
<br />insurance premiums and ground rents. [.ender may nut charge for so holding and applying the Funds, analyzing said'at:count
<br />or vrnfying and rnmpiling said assessments and hilts, unless Lendtr pays Borrower interest on the Funds and applicable-law
<br />permits Lrnder to make such a charge. Borrower and Lender may agree in writing at the time of execut#ou.pf.this
<br />Decd of Trtst [lint interest on the Funds shall bt paid to Borrower, and unless such agreement is made or applicable- law
<br />regwres such intcres4 to be paid. Lender shall net be regmred to pay Borrower any imerest or tarn#n~s.on the Funds: Lender
<br />shall give to loroower. without charge, an annual acernmting of the Funds showing credits and debus to the Funds and•the
<br />purpose far which each debit to the Funds was mad[. The Funds are pledged as additional security for the soma secttted
<br />by this Deed of Trust.
<br />tf the amount of the Fonds held by Lender, together with the Curare monthly installments of Funds payable prior to
<br />the due dates of texts. assessments, insurance premiums and ground rents, shall exceed the amount required fo pay-said lazes.
<br />assessments, insurance premmms and ground rents as they fa{I dot, snch excess shall he, at Borrower's opting tither
<br />promptly repaid in 8orrawer ar credited to Borrmvtr on monthly installments of Funds. If the amtxmi of the'-Funds
<br />held try Lrnder shell not be suHictent m pay taus. assessments, insurance premiumx and ground rattle as they fall due,
<br />Burrower shat( pay to Lender any amount necessary to make up ttu deficiency within 3Q days from the date notice is mailed
<br />by Loader to Borrower requesting paytttent therec+r.
<br />Upon payment in full of all sums serttrtd by this [lied of Trust, Lrnder shat! promptly refund to Borrower any Funds
<br />held by Lender, If t;nder paragraoh t8 hereof the Property rs sold ur the Property is otherwise acquired by Lender, Lender
<br />shall app{y, nu later than tmmede'ately pant to the sale of the Property or its acquisition by Lender, any Fonds held by
<br />Lender at the Ume of app!{cation as a credit against the sums secured h}' this Lked of Trust.
<br />3. A'ppliration of Pa+atenfs. tinltss applicable law provrclrs othetwtse. all payments received by Lender under the
<br />Mott and paragraphs t and 2 hereof shelf F>c applied by Lender ftrst m payment of amounts payahle to Lender 6y Borrower
<br />undec paragraph 2 hermf, then to interest p:syable on the ?v ate. then to the principal of the Note. and then to interest and
<br />pnnctpal on any Future Advances
<br />'. Cbar;es; Lkrts. Rorrmvrr sha{l pay all txse+, asessmtna dad other charges. fines and tmposnions attributable to
<br />the Property which may attain a pnunty aver [lies Dtc'd of 'inlet, and !e.•tsehald paymtnts or ground rents, if any, in the
<br />manner provided under paragraph ? bcreni or, if not paid m such manner, by Borrower making payment, when due, directly
<br />!o the payee ttrtreot Borrnwtr shat{ promptly tarnish to Lrnder nl{ nnttces of amounts due under this paragraph, and in the
<br />event Qnrrower shall male[ payment daectty, Borrower shat{ promptly hrnush to Lender recapts evidencing such payments.
<br />Bm~rower shalt prompt!} drscharge env iron which has pssnnty „+er [lire Dyed at Trust; provtdtd, that Borrower shall not tae
<br />rrqutred to druhargc env such lien ~+ long as Borrnwtr sha{I agree sn writing to the payment of the obliga[ian seeored by
<br />such hen m a manner a<ctptabh to t ender. or rho{I it, gtwd lash contest such hen by, or defend en(orctmen[ of such lien in.
<br />+rµal ppr xeedrngs which operate t,~ prevent :he emurcemtnt nt the i,rn nr fr~rfrhurc s?f the Property ar any part thereof.
<br />S. Harard hxswra~a. Barruwrr shall kelp the empros-xments ncrw tstanng ar hereafter erected oo the Property insured
<br />against loss by fire. hazards ircladrd within the term 'extended a,veragr", and such other hazards as Lendtr may require
<br />and in such amounts and far wc:6 prnads as t ender may rrrluuc: pravrded. that Lender shall not requrre shat the atnaunt a(
<br />xttch coverage txcted the: smottnt of .average rryurrcd «+ puv rhr Bunts secured 6y [lies L7ted of Tats[.
<br />17tr insurance earner providing the inauancr sha{I !+e cbactn bs {3errowcr sub{ect in approval h}' Lendtr: provided.
<br />ttta[ such approval shad not he unreasonably w~tthhtld alt premmtns on irtstiranet pat{c{es shall be paid in the manner
<br />p,vvided under paragraph 2 tarreof or, it not paid m Betz-h manner, by Borrower making payment, when due, directly to the
<br />rrtsurance carrier.
<br />,~f3 rnsuranct pa{t<'ies and rtrttwals thertet she{! be ut tarts acxptabte t++ I_encier and she{t include a standard mortgage
<br />{ease is favax ui and in form a<reptahir to f ender tender she{{ have the nghi to held the palicirs and renewals thertnf.
<br />and 8arrowtr shat{ promptly furnnh «~ {ender ail rencw~al aAa lets and aU rrneopts of paid premiums. !n the event of loss,
<br />Barruwtr shag g:ve peompt nutter to the snsuran::r corner an.f [.ender. {.ender stay make proof of {asi rf not made promptly
<br />by 8urmwer.
<br />i Jnlesx I,endec sad Born>wer ,•thcrwru agree tr. +. ~Ung. rnsuran<r prn~etds shaft 6t applied to restoration or rtparr of
<br />the Proptnv d-nma{,~d, provr.3td snch rrssoratn+s; or rct*srr +s r+. t=some.-a(il° frxsxble and the securty of [lies Ih~d of Tntst ss
<br />t?nt thereby tmpatred- It such rrstoratean or rcparr .e not r~or,nmtcaily tesstb{e or rf the security uf~thi< 17red of -(rust would
<br />he tmpatrrd, the tnsarancr prcxrrds shall bt applied to =F,e Burns srx~urrd b} this t)etd c?f Trttst, w-rt6 [he cxetss, rf any, paid
<br />sr? Hurrawer. If the Pn?prrty ss snaadrne.f he Bnrrt+wrr, .u a R.usawrr fool, to rrspantl w Lrnder wuhrn 36 days from the
<br />date not[<~e is maileJ trv Lrrtdrr u> Borrnwtr that the tnsurarr.r .state odors to settle a clams for msurancc benefits, [.ender
<br />rs authunzxd to cal{rrt and app{y the insurance pi tx trds a! Itndeis spoon edhtr «? *. r;tomnon er repair of the Praptrty
<br /><+r us the sums secured by this Lard «f 7~rust.
<br />[.'aloes Lrnder and Rormwu of hrrw°+se egret :n wrung, ens such a{apt scauon of Irrcxceds m pnnctpal shat) not extend
<br />,r {wst{xmt the Joe date u! the rnunth{v costa{{mints rricrrrJ n• m paragraphs 1 anti 2 hereof or change the atnnam of
<br />wch instaHrnrnts If under paragraph 1 x bertat the Prapern' „ acymred h} tender, alt right, tit{e and interest of Borrower
<br />:tt sad to any insurance po{rctrs and .n and to the pracctds therec+f trsu{ung tram damage to the Property pour to the sale
<br />or acgtnsmna shall pass to Lender «+ ttu extent at the Bones Bleared b} [lies tkcti of Trust tntrnediate{)° pour x= such sale or
<br />aequtsiuon.
<br />b. Preservation and A1~Itnaace of Properly: Ixaseholds; t'ondomiaiurrts; Planned Usk 1)evebpments. Borrower
<br />~h,et; lore t!'.a- Prtspertp +n grx roper. and s?a{{ ant . vnr= waste , r t>v'nnrr uapau areal +r dctertvrattun r~i the Prt+perty
<br />.tad shell comply with the pravrs+ots of nav least d thu [}toil of Trust ss en v trnsthold if thee bred et Trust is on a oral to a
<br />corxformmutn or a p{anntd ttnn devekopment, 3tcrnwer shat! perform aR of 8orrawer s ehpgahans under the deciarannn
<br />, ~~•»rnants creating yr gavtrnsng ibe ..+ndomtnnrm .,r panned unit Jrvr)at?mrnt, the by-laws soil regulauens of the
<br />cunduminium or planned unit drveh±pmtnt. and cunstutrent dacumenn !! d cnndnmtnium nr planned unu Jevrkrpmenf
<br />:+der rs tstcuted by Barrawrr and rr:-orded a*grther w~ih thn, tzet:ci +_! i ruvt_ the covenants xnd ;sgreements r;t wch trove
<br />shah be rn.ar{x~rated into and shall aantnd sail wppfert;rnt the arvenanit on.J agrm+vrnts a! this Devil o+ T:vu .ts rf the radar
<br />weer a pan trertuf
<br />7. PmtMioe of Ix~er's SecuriR~. it Bonrwrr is+ls hr ~rform the a:+cnams dad agrcemrnK .untamed rn this
<br />Dcsd of Tnet. ar d say screen or proceedntg a <ommrncrd which materails affects Lrnder~s :merest .n the Prnpeny.
<br />rrscsttdmg, taut act hin[[[d ta, tmroent S?rnasn, enso3venc,..YU{e rntr'rrcemenf. of a; rangemtnts or prcxredirgs mvnty tag :+
<br />'r,nnkrupt ar dtcetitnt, then Lrnder at Lcstdrr"s upisan. upon na«ce r~, Rorrawer. may make arch appearances. drshurx• su: h
<br />,.ums seat take stub acnrxt as :a ntctssars t,+ protest { ersdrr s ~atrrtsr, ;n;.iudrag, but n.=t fanned u,. Jrshut~.emc=nf r .
<br />reasonable: artornrty's fees end rntry upon the Property :;+ make reps<e: E? Lrnder rrywred nxcttt3,age "sssu an<~t r
<br />:ettdit{t>n of makutg ~tsc loan sccureti by dhts t)ted of Trust_ Borrnmrr *hait p.t} the prtauums nyarrci b+ ntamt:un ., r..b
<br />rnsurattrr m r#Tect unrtl strth rittx ax the rtxtu:retneni ft~e such tnsuranw termrnate> ;n azcordan~e wr.fr Barrxtwtr ~ .,
<br />t"rttdtrk wnttrn agreement ar apptieabtc taw 6nnawcr chap pay she amoum n! ,+fl m<+n svvee unurancc prrmruc+a ~r: t~hr
<br />maatter provided under paragraph 2 tstr~f
<br />Any amounts distatrxal by Itutkr pureuant is they paragraph urth nacres[ thcrtort- shad! ;itomc .,ckituex,af
<br />:rtdtTrtt+dtress a+€ Borrows[ stxruraef by this 1}ttd at l next i °rtt~ Botrc>srnr and {carder ;rgess Eo other terms nl Lit mom such
<br />arnrsunis shag bt payable upon naaa~ [sera 1 ender to Burn7wtr re-yuesttnx psyrncns there>f, end whsii tu•:u utterta! tre+rn the
<br />dell of dzsbutarmartr of the rata pnyattk feats tutu to [vale an c+mstaredmtt pnncry!a{ under the. 7.;rste t+;:ices payntrnt t+t mtnrest
<br />ac arch rate would se. c-. znirary ar apphcatrk taw. u, wht.h term sr,,h asttnunw s*.aii ;v ar rr!ere,t ,r= the Yrryfir+t :;ae.
<br />partniutibM ura&r applicable taw gfat rttng ct,nta: next rn tfrs ~ragraph ' ,h.ait rrqurrc {mutt !n incur ens ra prase ::r take
<br />Wly' ac-ttgn h¢re.Undtr.
<br />g- [rwsttitr, [insole nsav make a s ne r., ter xnadc rcawnst±r sat. t {- - f rnxtac+.tst±cx o the t -at>rrty „rdc.f
<br />"hat Lattdor xhaii pvvt Borrower i [test prtgr t- xr+y Berth .ruptr b.a ,pr<siktng Fr.-s.. ca:•hte -asa+;e th,r; za.~trrd .:~ ! , ~r.!ct ,
<br />~exrcra!u t# till! Pr+ntlarty.
<br />r .f «..-,.-n, - r ' -i
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