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<br />83-003798
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<br />UNiFUit"M CU1iFriilN'fS. :8u:ilT;wQ and Liaidiir cu:.enant ...nd a;;:'~ ~= !c!!c~s:
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<br />, .1. P~of PrindpIIlaad 1-. Borrower .hall promptly pay when due tbe principal of and interest on tbe
<br />.ndebtedness evidenced by the NOIC, prepayment and late cbarges as provided in the Note, and tbe principal of and interest
<br />on any Future Advances secured by tbi. Deed of Trust.
<br />2. ......... T_....I_. Subject to applicable law or to a written waiver by Lender, Borrower sball pay
<br />to Lender on the day monthly installments of principal atld interest are payable under the Note, until the Note is paid in full,
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust, and ground renu on the Prop"rly, if any, plus one-twelfth of yearly premium installments for bazard insurance.
<br />pl... Ot'lC'-1welfth of yearly premium installments for mortgage insuranc., if any. all as reasonably estimated initially and from
<br />tirtlo to lime by Lender <>nth<: basis of _menls and bills and reasonable estimates thereof.
<br />The FutIds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a F.deral or
<br />state agency (includil\g Lender if Lender;' such an ill$titution), Lender .hall apply the Funds to pay said taxes, asseS$menls,
<br />insurance premiulll$ ..ad ground rents. lender may not charge for so holdiog and applying tbe Funds. analyzing said account
<br />or verifying and rompiIing said .-..ments and bills. ..nlu. Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make "Jcll a charge, Borrower and Lender may agree in writing at the time of execution of tbis
<br />Deed of Trust that interest on the Funds ,hall be paid to Borrower, and unlesll such agreement is made or applicable law
<br />requires ouch int_ to he paid. Lemler shall not be required to pay Borrower any interest or eaminlP on the Funds,' Lender
<br />,halt gi... to 1Iotro......, without chllJ'lC. an annual ,"",ounung of the Funds showing credits and debit. 10 the Fund. and the
<br />pmpllIIlII for wbich each debit to the Funds wu made. The Funds are pk:dged "" additional security for the sums secured
<br />by tbis Deed of TrUll,
<br />If the amount of tbe Funds held by Lender, ,ogether with lhe fulnre montbly installments of Funds payable prior to
<br />the due daln of tu"", .-s. .nsurance p"""in"", ..nd ground ""'"' shall eJ<:<:<<<! the amOlmt required to pay said taxes.
<br />__nls. insurance prem"'"" and ground renl> as they fall du<:, ,uch e.."'" slulll be, al Borrower'. option. eilher
<br />promptly rq>aid '" Borrow.r or credited '0 BOTrtlWer on monthly in,"-ailments of Fund.. If the amount of the Funds
<br />held by Lender .hall nol be rufIk.eftt !o pay !a."', ....."""nt.. ''''''ranee premiums and ground renl. lIS they fall due,
<br />Bore........ >haU pay to l.endet any amount """....r)' '" male up 'he deficiency wtlhin 30 day. from the date notice is mailed
<br />by Lenckr to Ilom>wer requesting payment there<>f,
<br />Upon pay_ in tull of 1111 sums SKllred hy II... Doed of Trm', Lender .hall prOll1ptly refund '0 Borrower an~' Funds
<br />held by fbSdllr. It under par",-"ph 1. heft<>f it>< Property" sold or ,he Prol"'ny "otherwI'" a<:qllired by Lender, Lender
<br />~ &P9Iy~ no later than im~tdy pnOf l-t;"1 the uk of the l:trn-perry _ or 1ft ~l.;qUlslhon hy Lender, any Funds held hy
<br />I.ct>det at lhe ,ime of appIie.'"", as "cred., .,.in'l the 'urn' ,ecured hy th.. Deed or Trmt,
<br />3. AJIlIikadooo ..;'~.. Unle.. appllc.bk I.w proVide, ,>!herw,,,,. ail payments 1\:CC;Ved by L"nder ,mder Ihe
<br />N",,, "nd ~"'r::. I .nd 2 henof slIaU be "Whed hI lend.r 1\"" In payment .,f .mannt> payable It' Lender hy' Borrower
<br />under parq;fapft .. hereof. [Den t.o in.lere~t p:i)'ablt. nn the NMC, then to Iht: rrmctp.at \\f the Nrne. and rhen to interest llnd
<br />pnUi;,tpal on .ny Future ,,4,dvances
<br />4.. (~f....... Borrower ~h.ll p,av alJ t;~_,-e'" :lu.euffienl'-" ,HHt t\lhcr ~,'h&rgc~, fint"s and impos.luolUi :auributable Co
<br />the l'mper1y whkh _.Y Mtam . prim;l)' """r .hl! !ked "I Tn..., ~nd I<_h<>ld paymentS or llround rentS, jf any, in the
<br />f111UlDU pro'\itded under pAragr.ph 2: hc:rM (~f. if 00l; p..l.d H1 'iOuch nli,n~T, hy BNn,"wcr making paYfnent. when due. directly
<br />!n die p-:ayu lbueo1. Borrt".l'w'Cr \--haH promptly Imnn.h In Lender 3Jf nf..->>:u:e~ oJ amounU ~iue under this paraaraph. and in the
<br />eYeGt Borrower thaU make ~)-mc!'fH iitf'<<t~)'. lklHl'Wt-r !hftll p'romp-tly tmOJ~ to Lender t'"eCt:lplI eVidencing such payments.
<br />IIorrow~r shalll',,'mpdy d'lI<'h.'lI" ...y' h,," will.:n ill. pn''''t)' p'er tn" Deed "I Trust; P'OI'lded, ,luIt Un"ow.r .hall not be
<br />required to. JlKMrp: .an)' HK':h t~-n .'f.i-", km, iii. Bo,-tl.'!Wf!r ,hi1H agfff HI wfl1m, tn the payme-m 1.,t the! obhjtautln secured by
<br />'$-oc'h hen U1: a ~lJCf ""'-:t.~t'Pt.hk to Lendtx. (It man m fOOd f:uttl comc--;l 'lu(;h hen hy. ,.)f Jclend en~orcemenr of $uch lien tn,
<br />it.gaJ ~ wtuch opcnte h) prew-nt the:-. ~nfi;H\-t-cmtnt n.f lhe hetl Of !(\Tft"l1ut~ lJt the (>ropt'-n)' or any pan t.hcreuf.
<br />~~ .......~. UortO\k('( ~haU ..ecp the I.mrrt)vf'numU ,l)-,.tW I:..\l'f;lln~ Of here:lftCt eredN \)0 lhe i'(operty ltllured
<br />4lilurtl ~:'" by Ii~ h:A1.Attb lochukd wifh-m the lltttn "~:"\iend-ed I..,O""rt~ltq. ,lnd 'l,ut::h otMr huardi as I,ender ma)' require
<br />and in ~',j(ih amounu and fot' UJ(.:1l period, .n Lender tn.v fcqulrt"~ pH'tvu.klL Ihat Lender :\haU not r<<Juire- (hal the amount o.f
<br />....\-,~'-h 'l;O~fa&e CJu::eed In.t -lIfI'WiUt1t vt ,ove-njJC re-q-mrt'd tn p4Y the J'-urn~ "'Xured hy lhr\ Oe1:-d of Trust"
<br />fbt: i31Uf'#-Mf (.t'ri~r pro,,",,'!ttlJ: th<' Hl~.-tfraft((' ..halt hr, ~'h(\'>t'n t~\ Horw\\'t'T \ub-,<<t 10 oppnwi'l py Lender: provided.
<br />that <udt ilPI""""i \hall 1>01 "" UlJre...,,,,,hh "llhIt<:W-\1I ~"1Il" ..n ""uronc. pull<io shall be paHj in ,b<: matUJCf ,-
<br />p:r'O'Yided UDder paraarapb :. M<<;ol 01, .! hOt p.1IHi m :Holen l1utntu:r, hI;.' UOfTt..'tWCf ~Hi\i.inl payment wbcn due:. ditecdy to the
<br />IQlUrUla! cutICr,
<br />l..~1 insuraoc,c pot~tC'I ~nd rcncliJl;'il!). fhe'rei,)f ~haiJ h<' In f(\fm lS-\.--L~l,,'pt~hk t(~ Lende.t ~nd shaU i~~ude a itandaed roortaagc
<br />"j.~ Ul favor 01 and m !t.:ttm lK,-t;'C'f>>ahk' i~) Lt~n{1c:f Ic~ic~ ....hltH h,a\<"t" lhe. flJht to holtJ fhe pohcte!- ~ re-~aJs thereof.
<br />:;l.M Bo.rtQ..\\~t :shan prompdy iu:rmUt h~ Lcthkr ::ta ft'rn:~~l DvU;,:e\ "'00 ;1il f.l~.t'tp-U j,)f ~Jd pn:mlUm'" In the event of Iou.
<br />Bonnwvr'Shall gt've pr\.'Knpt fiDttce tf~ the iuwr.am.:-t I.:~n:(:"t and (crni'tf. l.,t'ode:- maY m.k.e p1t-.'W.i of 1011.$ II mV. made pron\pt'Y
<br />bv Botr<no,,,
<br />Un~ l.-mdcr .nd }k;.rtt,..~r nth<'fWttC' IlIfff it): ."q'H1nl-. m""ur:uu.-(:- prf"'ccds shall be applied to re$toratwn Of repalf of
<br />the P~,ny d:un.,ed, p-ro-'t'Wcd such ffttttr-alR"ln ..H rep.. Hr' {'o; ':'<;("i~lfl'Hi':.lIih h:a,.hk lmd the aecu-rity df thJ$ Deed of Truit I'
<br />not Uwueby nttpitlred_ If !lU>.:h rnl,orah-uD t..'f :'e-pilH 1\ ~H.~t Ci:o-nomh...afh' fe.,lu.tbk Of It t~ 'ttX'urity of this f):ed -of 'ffltst would
<br />bt' lfnt-NliRK.t the- msur-a,fK.it PfOl:.':<<ds -maU he llpphe(j H; !h(' "mn, ~l.:u!('-<<;I by thts t~ oi Tnl$l. wtth the: CYiCC"lS. If an}'. I"'tud
<br />to 8orrawer" If Ute: Pnlp<<t)' l), aba.nd{)n~d ~ ROHo'wcr. ,of .f l:kn'H1--v.~f f",j}\ to re\;pt-md 10 l.ender withm 30 dl.lY~ from the
<br />dat.- notk:eo "- maded by Lt.ftdct to Bmnl\fJ'<< lhAt the ti\~un..01:(, (Atn\:1 orten h'\ ~tde a \.'lam1 for tOl\.tranc-c- benefitli. Lender
<br />Hi authbtt:ted tl.1 col....."t. And appl)' the ItifUt>>-t1l\.~ ~ltQ\.~cnb ~t Lender'1 ~~ptw-n e,thcr to resloratHlll or fCpltT of the Propeny
<br />e.... It) the .um. """utod by th.. IJeed ,,j Tnnt,
<br />Unklu Leader .nd 1Ior~ a'herw..., .._ '" "ntlll" ~ny "",h .ppl""h"" 01 J'l''''...... to pr,nc'pal .h.1I not extend
<br />l..)f postpune tM due d&tc- O.t the nk1Othb' im-taUmenlS rde-rred It, In p:AcaVl:l~ i J.nd 2 hereof or ~hanae the amttUnt of
<br />>Udl1....lIiItMnt., II UDderpIV.....apb ! ~ I1<:r...>I ,he Propeny " ~cqu"ed h). Lende., .11 nght, une and int.r.,., of Borrower
<br />In .ad !ll any Insur"""" pol",... .nd '" 'IId to ,be pr<x-ca15 lhe"",j ,.-...Jllng Irom dam,,1I" to tbe Property prIOr to the ...Ie
<br />Of' ~ :dull pus to i.J:odet to the t''''l.mt ot the !J,ums j,C\.'"UteG by thl' [->eed ot TrLtit lmmediately prior to s.uch sale ot
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<br />'" .._.......... ao . l' t:t of ~ l...~ C~p.."'1 I' 11 PI.......t Ulllt DeY.......-. Borrower
<br />:i;luU 'CCf- d~: Pr,,~y In ,ocld ,tepiUf and 1o-haU Ilt.l-I _'otumH ... Ju-lc .,H p-t'rmrt ~mf'aH'menf ~)r Jettr {oration uf thf: Prt1perty
<br />and oball <<>mply wdb the proYl$!Om "r "I1Y k:ac! if .hll Deed of Tnm "011 a leaoeh<lW If Ihi, Deed of """'t IS on a unit in .
<br />cOllllominrum ,.. a planned unit development, Borr_er shilU perJmm all "f Borrowers obliga'lo"," und.r tbe declar'\lOIl
<br />nt. ~ crauttt: or- 1tWe-1'nit\1- 1M ol;,oodomi-nium Of ptanned unit deve-i-o.:pntenl. the by~la""'i\ and rCJUlatiom or the
<br />~ Of piaAncd wUt de....lop_flt, .nd constUucnt d<-.:ulTl<'llls, It a .:oodom",ium or pllnned un.1 d.v.lopment
<br />rid<< .. ~ by Bofr_ aad "'C,ltded <"Fther wiln ,h.. Deed oil....', tb<: """",al1t. and agreements Ilr s""h nd.r
<br />>halt be inrotjlOfillCd inl(l and ,hall .nwnd and SUpplemenl lit<: co"""'nh .nd 'llr..""",.. of lbill Doed .'1 "....1 .s If rhe rider
<br />_ .. pUt hereof,
<br />"t. ~ of I..........~, If Borro...., fatb to perlorm the cov....nts and ll#feemenls cantalned in this
<br />Deool of -rn., Of if any action Of ~in. .. comn*""", which matenally atl",'ls tCfldet'. jnleftSt III ,be Property.
<br />i~ bQJ;. bOt krn-iMd to. cminotu t!t~jn. jmol~y. -code eutU'lc.e-ment. or -ITT.ilnaements. Of pr-oceedints InvolVing a
<br />bu>knaplOf dealdoml, lhen leader .1 t.ende:t'. Ilptlon, upt'" "..'>l"'. ,,, f1offa....r, m.y loUe ouch .pJ'I<"ranc,"" d..bnoc ,"en
<br />.... aod. tak. MlCh ~ctioa. u t$ ~ to ~..l~'l imetQl. inc-Judtn,. hut n(\t hmited tt,'\, ltlsbuf~mt'nt {~f
<br />~ aUllnlC)". ... all<l -.y upom tbe I'ropcrt.' 1<1 tn.lIke repai.. If tender required mortll'li" ""uranee '" .
<br />.;~ 0( maliaJ m.loott """"""" by thiI Deed (>{ Truo.t, Borrower shall pay' the premi!1lm required III ",a""aln "",h
<br />fG!lUtlllllCe ~ ~ iuuiJ .... ~',. the- requ~t for ,~leb innat:an~c t.ermlnate; m -llC1i."t.l-rdan,,"C with 8orrower\, alai
<br />~. ....0.--.. Of' ~ "'..... II<mOWCt shall pa~' lbe amount ot all mortgage in."..n"" "I...mlUm, jn the
<br />_ ~ I.lIMltwJll!hlrllJlh 2 hereof.
<br />^'" ~ .~. by l~f~t ta Ihil pat1lJfllph '. wilh mt"...t lhe.e"n. ,hall 00.:0"'" oddu"",.l
<br />1~I~UU.of ~ -" bYlhlllJlNidofT"",,, IJnl<Is$ Bortuwer and L.nder.gree It) ,fiber lerm. af pay"""'., .uch
<br />--llbillIloe,anl* UllOA ooUe\! f_ lAnder to Bor",.."" ~ina paymenl there(>{, .nd ,hall b<:ar Int"....t fl'l'm ,""
<br />... of * ".....t'-~pQ'&bht "- time l(J time OIl OUlIlWi"l prill<lpal u.nder .b<: No'e unlesll paymem I,f jnte....t
<br />. -*' 11!ItI. ~bt ~ to ~ taw. in which ._t ...cll _,u. shall !>ear '",'''''''! at lhe h"hIm rlll~
<br />,...~ftl iii h ..... .~. llno. ~ conwbed in !m. para..aph 7 shal! "",,,uJ'e L.~ '" u",ur ."l' nr- or tab
<br />-,. ..............
<br />... ......... t..,.,. 1NIk<: '" ,,,,..... to be mlIde _ble entne. upo".nd ,nspe..'l,ooJ of tbe P"'!l<rt)'. l,rtWi<Ied
<br />dill ~'''''P ~ _it;;; prim loa"y ...... I~'''''' .""".trine ..._"...bltl ca"", t""...lm ,,,l.,t'd '" I.ernl.n
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