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<br />83-0035
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<br />t1l'nPoIl~r lC'oft:MlINTS- Bml()tpc:;, al'id l.ender CO'I'en2ntand agnoe as follows:
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<br />, L~. III 'PriIIdpII .... JatereIIL Borrower mal! promptly pay when due the principal of 3"d .me",-;t "" the
<br />fadefJCedness ,:viidenced fly the Note. prepayment and late charges as provided in the Note, and the princ.pl of and mterest
<br />on any Future!' ~ldnnces secured by this Deed of Tmst. .
<br />2. ...... 1_ ,........ 1___~. Subject to applicahle law or to II written waiver by Lender. Borrower shall pay
<br />lOLender on Ilbeday montbfy installments of principal and imerest are payable under the Note. until the NOll' is paid in fnn.
<br />a limn (hen:i" '"Funds") equal tOorle-twdfth of the yearly taxes and a~ments which may attain prionty over this
<br />Deed ofTmst.1ind.groum:t rents on the Property. if any. plus one-twelfth of yearly premium installments for hazard insurance,
<br />~llIIlf one-twelfth of yearly premium insta1Jments for mortgage insurance. if any, all as reasonably estimated initially and from
<br />lime to .time by I.encfctr on the basis of assessments and bins and reawnable estimates thereof.
<br />The Fundssball be held in an institution the deposits or accounts of which are insured or guarnnfeed hy a Fcderal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxcs, assessments.
<br />illSur~ncepmniums and ground rents. Lender maynol charge for so holding and applying the Funds. analyzing said account
<br />arverifying and comptling said assessments and bills. unless Lender pays Borrower interest on the Fund~ and applicat>lc law
<br />permitsl.ender to make such a charge. Borrower and Lender may agree in writing at the time of execution of thi~
<br />Deed of Trost t!hat interest on the Funds shaH be paid to Borrower, and unless sllch agreement is made or applicable law
<br />requi.res suooiinterestto be paid, Lender shalf not be required 10 pay Borrower any inlere~t or earnings on the Funds. lender
<br />shall give 10 Borrower. without charge, an annual accollnting of the Funds ~howmg credits and denit" 10 the Funds and the
<br />;m~ for wf!:c.!j eF..h debit t!l t.~ Funds w~s ffi3de. 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. '<>sether with the fult!rc monthly instanment~ of Funds pay:.hle prior tt'
<br />the due. dales of !.aXe!!, a!SeSSments. insurance premiums :lnd ground rent~, shall exceed the amonnl required to pay ~aid taxes.
<br />assessments, . insurance premiums and ground rents as Ihey fall due. such eXc~s shall be. at Borrower's oplion, eilher
<br />prornptlyrepaid to Borrower or credited to Borrower on monthly insrallmenl~ of Funds. If the amount of the Funds
<br />held by Lender 5ha" not be sufficient to pay tlUtes, assessments. insurance premiums and ground rents as they fall due.
<br />BoI'rower shafl pay to Lender any amotmt oecessary 10 make up !he deficiency within 30 days from the date notice is mailed
<br />by l.ender loBortowerrcquestil1g payment thereof.
<br />UJ'OOpayment in full of all sums sec\Jred by this Deed of Trust, l.ender shall promptly rcfund to Borrower any Funds
<br />held by Lender; If under paragraph 18 he.reof lhe Properly is sold or the Property IS otherwise <lcquired by Lender. Lender
<br />shall apply. no JateT than immediately prior to the sale of the Property or its acquisition by Lender. any Fllnds held by
<br />Lender at the time of appJicatiOll asa credil against. the sums secured by this !ked of Trust.
<br />3. A.~of PllyJ8en1s. Unless applicable law provides otherwise. all pa.yments received by Lender under Ihe
<br />Note and par. a.8rapns I and 2 bereof shall be applied byl.ender first in paymenl of amollnts payable 10 Lender by Borrower
<br />under paragrapb 2 hereof. then to interest payable on the Note. then to the principal of the Note. and then to interest and
<br />principal on any Fut1lJe Advances.
<br />4. C1unps;.IJen1.80rrower shall pay all taxes. as.'tCs.~menls and olher charges. fines and impositions :lItrihlltable ro
<br />thel'roperty'vhichmay attail1 a priority over this Deed of TOIs!. and leasehold paymenlS 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:.,a;:~ltereof. Borrower shall prompdy furnish 10 I.!llttler all notices. of amollnts one under this paragraph, and in the
<br />event ... ersball maltepayment directly, Borrower shall promptly furnIsh to Lender receipts evidencmg such payments.
<br />Borrower mall promptly disch~e any lien which has priority over this Deed of Trust; prOVIded, that F!(lrrower shall not he
<br />required todillcharge any such hen so long as Borrower shall agree in writing to the payment of the ohligatir>n s(~cun:d by
<br />such!ienin a mll.nner liCceptable to Lender, or shall mgood faith contcst such lien by, I.)r defend enforcement of such lien in.
<br />legalproceedinllll which operate to prevent theenforc::emenl 01 the lien or forfeiture of. the Property or any part thereof.
<br />S. u.z.ntl...~ aorrower shall keep the improvements rlowex.istmg or hereafter ereeled on the Property insured
<br />against loss by fire, hu.ards included within lhe term "extended coverage", ,llld such other hazards as ltndN may require
<br />and in suchemountlland for $uchperiods as Lender may require: prOVIded. that Lender shall 1'101 requite that the amounl of
<br />5uchcoverage e'iltceed that amount of coverage required to pay the sums secured by Ihis Deed of Trust.
<br />The insurance cll.~r,provjdinll the insurance shall be dwsel) by Borrower sublecl to approval hy l.ender: provided.
<br />that such appronl lbaU not be unreasonably withheld. All premiums on insurance poiici(~ shall be paid i.f1 the manner
<br />provided underparappb 2 hereof or, if no! paid in such manner. by Borrower making payment. when due. direclly to Ihe
<br />insurance ~~.
<br />AllinsUrlll1cepoli<:ielf and renewals thereof shall be in form a<:ceptable II} Lender and shall mdudc ;1 standard mOl1gage
<br />clause ill C.vor of and in form aceeplable t.o Lender. Lendcl shall have Ihe nghl 10 hold the policies and renewals thercof.
<br />and Borrower shall prOlllptly furnish to Lender all renewal notices and aU rCt:cipts of paid premiums. In the event of loss.
<br />Borrower shall give prompt notice to lhe inSUralli:e carrier and Lender. Lender may make proof of loss II not mad.: promplly
<br />by Borrower.
<br />Unles.s l~nder and8orrower otherwise :agree in wriling, insurance proceeds shall be applied fo reslOn'lfion or repair of
<br />Ih~LPropertymlln.d, provided Suchresloralion or repaIr is cconomic:llly feasible and the security of thiS Deed of Trnst IS
<br />not thereby impaiwd. If sQch restoration or repair is not f..'Conomicaily feasible or If thc se.curity of Ihis Deed of Trusl would
<br />be impaired, fhe illSuranee proceeds shall be applied to the sums secured oy this Decd of TrusI, wilh fhc e~,~css. if any. pair!
<br />to 'Borrower. If the Property is abandoned by Bormwer. Or if Bormwef fails 10 respond fo Lender wilhin 30 days from the
<br />datenolice is mllilecl by Lender 10 Borrower that the insunlOce carner offers 10 seule a cbum for insurance benefits. Lenr!cr
<br />is autbolized to CQllect .andappl.ylJ)e insurance. proce<.'1is ill Lendcr's option either to reslorallon or repair of the I'ropcrty
<br />or to the sQm!. sc<;ured by .this Deed of Trust.
<br />Unless !..L"I1der and Borrower otherwise agree in writing. arty such applicalirm of proceeds to principal shall not extend
<br />OfpostWllCtlteduedaleof Ihemonth1y il"/Stallments referred loin paragraphs I and 2 hereof or change the amounl of
<br />such Insl,jlUI'IleDts. Ifullder paragraph 18 hereof the Property IS ;l.:quircd by Lender. all right. lilie .and inlerest of Borrower
<br />in and 10 anyinsl.lranee policiC$andilland to the proceeds thercof rcsultmg fmm damage to the I'ropcrty prior 10 lhc sale
<br />Qr.acquisitiol\sball pass to Lender to thee)\tento/ the sums secured by this Deed of Trust immediately pnor to such sale or
<br />acqt,lisitiQII.. . .
<br />6. ~...... MlIiIlteillU'tU l>f PJOpUty, Le~lwl.; Condominiums: Planned Unit I>e'l'elopments. Borrower
<br />shall keep tile P'rQf!Cr\y in gQQd rcpalr and shaUllol COIl1rlll! W,ISI(: or perm,1 imp"irmenl or uelcr!"rati(lll of tht: Properly
<br />.aod$flallcomlPlywlttltbe~rQ\'is.ions of any lease if lhi.~ Deed of 'Trust is on a leasehold. If this Deed of Trust is (l!1 :1 unit in a
<br />oon4t;l1nini"'nt or II planned unit deVelopment. B(luower shall pet:form all of Borrower's obligatIons Itndcl' the declaration
<br />or cove~lll.$c~tin.orgover.ning lhe<condominium Of' planned uml development, the by.laws nnd regulal.iom of tilt,
<br />cl)lI~lI)miDiuntorPlanned uj1H developmellt, and consliluent documents, If a condominium or planned Ifnit development
<br />rider.isexec.ul~by ]3()ITower ancjrecorded 10~lher with thi. Deed of Trust, the covenants and agr..:e.menls (If such rider
<br />sMIl be i~rl)Orrated Hllto. and shall amend and sUflplemem she covenants and a.grccments of Ihis Deed 01 Trusl as if Ihe Iid..:r
<br />wer~a. .pa.rt~"~i',
<br />7. .~~... Lem:ler'sSecurity. If' Borrower fads IQ perform lhe covenants and agreements c<1ntaincd if! this
<br />i)eC!:fol T,usl.,or ifanyactionor proCee4ing is commenced which m.lterially affects Lc.nder\ interesl in lhe Property,
<br />illF~i~g,~tn~Umiled IO,eminent lktmain, insolvency. code eohm:emenl. nr arrangements or prQceedings invdvmg :l
<br />bAtnll;fUf't !;IrdCCitd~I, I~n.l..e!lder at Lender's option, upon notice !o Borrower, may make sllch appeara",.e" disburse slIch
<br />t.illcesueh llction as is necC$sary to protect Lender's including. bul nor limited tQ, d"hursemcnt of
<br />ry upon lhePrOperty lO make If Lender required mOf'lgage insmance as "
<br />ed by tbis Deed of Trust, Borwwcr shaH pay the premiums required I" maim:"n ,,,,,h
<br />lime as the rf:qoiremenl [or such terminates in with Borrower', and
<br />Le~t'$wti.tb!!Otagt'~~lnor appUcabre law. Borrower shallpav;mwunt of an mortgage premium, ;n Ihe
<br />mllnnet pl'Oo/ic~u~r para apfl.2 Jlereot .
<br />by Lender pof511ant to. lhis par1lgraph 7, wilh interest
<br />'l)f Trost. \JoleS!. Borrower and Lender agree to
<br />leOOer to Bormwer Icqlleslingpaymt'nl thereof.
<br />the rate payable frOllldme to lime (In olllslamHng Imn~ipal und~r lhe
<br />.t~h rille 11f1lll$fd be oonlrary to applicable IIlW, in whn.:h event ~H~h amounl~ shall
<br />perm"~ \ll1idl~ . tk::.bte law., NQthifll contained In this. pamguph 7 shall require Lender
<br />~tf~
<br />, ...... lnlIy mIke
<br />tbitt J4rtdef .tI!iIIl~.. pe BotT~l'I<!tice
<br />'fltlef1Ml ill t.be JI~:v.
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