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<br />tH' <br /> <br /> <br />l~N'lFO~M ICOYENANTS. &'ITOWer ~.nd Lender covenant and 3gree ~1-S f()Uows~ <br /> <br />J:. p,.ymelllt Qf Plincipaf aDd IMerest. Borrower ~hai! promptly pay 'when due the principal of and interest on the <br />mdebtedness e",d,enced by the Note. prepayment and late cba.rges as provided in the Note. and the principal of and interest <br />on anY Future Advance$ 5eCllroo bv th,s Deed of Trusc <br />Z. f'umlsf41il" TUl'SmMt InsUraDft. Subject to applicable law or to a written waiver by Lender. Borrowershail pay <br />to Lt."l14er on the day monthly i,..stallments of principal and interest are payable umler the, Note. until the No!e is paid in full. <br />a "mn (herem "Funds"j equal to orre-rwelflh the yearly taxes and assessments which may attain priority over this <br />Deed of Trust, and ground rents on the Property. any. plus one-twelfth of yearly premium installments for hazard insurance. <br />plll$ one-twelfth of yearly premium installmems for mortgage insurant:e. if any, aU as reasonably e.~timated initially llnd from <br />time to time by lJeUoo. on the ba...is of assessment, !lad bills ;md reasonable estimares thereof. <br />The Fun&> shall 00 hcld in an H~tituti<:m the der.osit$ or ;l,t:cmmts of which <!TC insured or guaranr.eed by a Federal or <br />state agency (including Lender if Lender is such an institt1ti'Jni. L,~nder ~haH apply the Funds 10 pay said taxes.. assessments. <br />inMll'ance premim~lsand ground rents, Lender nO! for so holding :lnd applying the Fun&>. llnalyzin.gsllidacconnt <br />or verifying ilnd compiling said a.uessmen!s and unless pays Borrower interest on the Funds and applicable law <br />Lender 1t1 make $uch :\ Borrow;:r and Lender fillY in '...'riling lit the time of execution. of this <br />'l,'}f Trust ihiit inre'fffii on the s.haH t~ paid t{) ~"1rr'(j;;"~r. unl~!M~ such is m,adi':- or applicable-: _law <br />$l1ch intere!,l' In be Lender shidl not be n:"ll.l1red h:< HO.IToweror e;;mingson IheFunds. Lender <br />to ..u annna! Funds and debits 10 the Funds and (he <br />",,!lief! wa';l made, 'nle 1ll'e pied!l~ as security for the sums secured <br />01' <br />It the lImOIHlt the Funds heta by Lel1l:ler, loge,!her with lhe !\!ture monthly installments of <br />lhe due dlti.e.. (~!' tl!Xi~. 2,'lSesl!l1'le'ItI~. !nsural'k.'e and grou!1d nml$. $hall exc.eed Ihe am<:Yllflt <br />as'Se,'S$nlents~ yremtums :::tnd re!l~f~ d~ the\" Ltil due_. tX,CC$1\; <br />1l (~ i-~)1fTOW'er rl.c~tTO\'''(;' f n~ tyf <br />shtdJ ont suthC.it~:rH p-ay t;)~XIi;S:, ~lm.;lU?:~.~lm,e'I,'tt~> premiums aod <br />{(J l Jtnder ;J:ny ar:nOLt'nl to rnake the dt~th:~ent:'v wlthi11 3-0 dHY~ <br />payment <br />aU ,~&1I'i1$ ~c<:ur1td by <br />1 <br /> <br />83-002832- <br /> <br /> <br /> <br />prior tn <br />pay said taxes. <br />option. either <br />nmoum of the Funds <br />rems as they fall due. <br />Ihe dare nolie'c is mailed <br /> <br />refund to Boul'wer <br />acouired 11'1' Lend!l,- <br />Lenc.<cr. any Funds held by <br /> <br />F II ods <br /> <br />rt~l\.~e.i ved <br /> <br />the .F'mpe.rlv lnJl',' <br />manner pn)vtderl Linder <br />Ihe lhere(,l <br />eV'C€:lt ~h,aH f:n~!lke <br />11')'fn'Wl"f ~hll.1l <br /> <br />"~ndt,1' t}r;"~vldec,f <br />",ml ;n 'li'il; m;ll~~~'f <br />\I\:'het't dtu:, dcre!i:t:lv u" tht": <br /> <br />,~nd <br />B.t'}rro\~'e.r <br />1><'TWI>et, <br />Unie$' Le,ndez <br />r h~ P f\',l':l"ly <br />n,:\>{ d1(tff:'hv <br />