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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />J. Pay_ of Prlnri.... and InteftSt. Borrower shall promptly pay when due the principal of and interest on Ihe
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note. and the principal of and interest
<br />on any Future Advances secured by this Deed of Trust.
<br />%. Ila... for T_ lIIMIlnmnnee. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day montbly installments of principal and 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 rents on the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance,
<br />plm one-twelfth of yearly premium installments for mortgage insurance. if any, all as reasonably estimated initially and from
<br />time to time by Lender on lhe basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying Ihe Funds, analyzing said account
<br />or verifying and compiling said assessments and bills, unless lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make sucb a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Decd of Trust that interest on the Funds shall be paid to Borrower, and unlcss such agrecment is madc or applicable law
<br />requires such interest to be paid, lender shall not be rcqUlred to pay Borrower any interest or carnings on the Funds. Lender
<br />shall give to Borrower, without charge. an annual accountong of the Funds showong credits and debits to the Funds and thc
<br />purpose for which eacb debit to the Funds was made. Thc 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, together with the future monthly installments of Funds payable prior 10
<br />the due dates of taxes, assessments, insurancc premiums and ground rcnts, shall exceed the amounl rcquired to pay said taxcs,
<br />assessments, insurance premiums and ground rents as they fall due, ~lIch excess shall be. at Borrower's option, either
<br />promptly repaid to Borrnwer or credited to Borrowcr on monlhly installments of Funds. If the amount of thc Funds
<br />held by lender shall not he sufficient to pay taxcs, assessments. insurance premiums and ground rcnts as they fall due.
<br />Borrower shall pay to Lender any amount necessary 10 make up the deficiency Within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment ill full of all sums secured bv this Deed of Trust. Lender shall promptly refund 10 Borrower any Funds
<br />held by lendeL If under paragraph 18 hereof .he Propertv " ,old or .he Property IS otherWISe acquired by lender. lender
<br />shall apply. no later than immedlalely pnor to the ,ale of the Property or Us acquisillon by lender. any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. Applkadon of Payments. tinless applicable law prOVIdes otherwISe, all payments received by lender under the
<br />Note and paragraphs I and 2 hereof shall be applied hy Lender first III payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof. then to interest payable on the Note. then w the prinCipal of the Note. and then to interest and
<br />principal on any Future Advances.
<br />4. Chal'Res; Liens.. Borrower shall pay afl t3:>.es. assessments and other charges.. fines and impositions attributable to
<br />the Propeny which may altain a pnority over this Deed of Trust. and leasehold payments 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 />'0 the payee thereof. Borrower shall promptly furOlsh to Lender all nollces of amounts due under this paragraph. and in the
<br />event Borrower .hall make payment directly, Borrower shall promptly turOlsh to Lender receIpts evidencmg such payments.
<br />Borrower shall promptly discharge any lien whIch has pnonty over this Deed of Trust; prov.ded. that 1I0rrower shall not he
<br />reqlured ta discharge any such lien so long as Borrower shall agree III v.ruing to .he payment of the obligat.on secured by
<br />such lien In a manner acceptable to Lender. or shall In good faith conlest such hen by, or defend enforcement of such hen In.
<br />legal proceedings wbich operate to prevent the enforcement ot the hen or forfeiture of the Property or any part thereof.
<br />5. Haant 18IIII'aIKe. Borrower shaH keep the Improvements now eXlstmg or hereafter erected On the Pro-perty insured
<br />against loss by fire. hazards induded within the term "extended l:overagc" and ....uch other hazards as Lender may require
<br />and in such amounts and for such pcnods: a'5t Lender may rcqum:; prOVided. that Lender shaH not reqwre that the amount of
<br />~uch coverage exceed that amount of coverage reqwfcd Eo p-a\' the sums sCl.:ured by thiS Deed of Tnlst
<br />The insurance carrier prOViding (he msuram.:c ...hall he lhosen by Borrower subJect to approval by Lender: prOVided.
<br />that ouch approval shall not be unreasonably WIthheld All premlUllI' e'll onsurance policies shall be paid in the manner
<br />provided under paragraph 2 hereof or, I! not paId In ouch manoer. hv Borrower making payment, when due. directly to the
<br />insurance carrier.
<br />AU HiSufiJiCe policies and renewals thereol shall h~ II) form .~l;_ceptahle In I _cnder and shall include a standard mortgage
<br />clause in favor ot and in form ~cceptabtt.:' to Lender Lender ~hall have the nght to hold the pohcies and renewals thereof.
<br />itnd Borrower shall promptly furnish to Lender 311 renewal nohce~ iHHl <ill ret:cipls oj pi.tiJ premiums. In the event of los.s.
<br />Borrower shall glY(! prompt nohce to tbe- Insurance I:arner <tnJ Lc-nJer I.coder may make proof of loss If nol made promptly
<br />by Borrower.
<br />Unles..~ Lender and Borruwer otherWise agre-c' III \\fltlng. 1l1:':1WanCe prlX"e-t::d~ ..hall be applied lO n..'"Storation or repair of
<br />the Property damag~d, provided su,"h restorallon t)f fe-paH I~ cl..:,,-lrlt.HnH.:ally feaSible Jnd the sCl:urity of thiS Deed of Trust 1:-'
<br />not thereby tropanw. it su\:h restoraW.m or n:-palf 15 Hol cl,.:ont.H1Ht:nHy ka-S-tble lH It Ihe ~ecuflly of this Deed of Trust would
<br />be Jmpaired. the jnsuran~e proce-eds shall be applied 10 [he sums set.-'ured by thi~ Deed of Trust. WIth the e"cess, If any, pajd
<br />to Borrower. If the Property IS abaoooneJ by Borrower. Ol It HDfl"l)"'Cr fails to re~pond tu Lender within 30 days from (he
<br />date nohce is mailed by Lender to Borrower that the msuran":t: ~afncr (,Her, tn seule d dam1 for ins.urance henefits, Lender
<br />is authorized to collect and apply the insurance proceeds ,II lender's "pllon ""her 10 restorallon or repair of the Propeny
<br />or to the sums secured by thIS Deed of TrusL
<br />Unless Lender and Borrower otherwlsc agree In wfllIng, ~n;r \u\,:h appitcauon of proceeds to principal shaH not extend
<br />or postpone the due date of the monthly inslaHments rderre-d to 1n paragraphs i and 2 hereof or t:hange the amount 01
<br />such installment.. If under paragraph 18 hereof the Propen} " aC'ItIlred hy lender. all nght. .itle and .nterest o! Borrower
<br />in and to any insurance policies and in and to tbe proc<'Cds .hereof rc>ultmg from damage '0 the Property prior '0 the sale
<br />or acquisition ,hall pa.. to Lender to the .~t"nt o! the sums ><:cured by thIS Deed of Trust immediately prior to ,uch sale or
<br />acquisition.
<br />6. Prauvadoa aad M.IIIatena..u of ProperlY; uaseholds; Condominiums; Planned Unit Developments. Borrower
<br />'ihaU keep the Propert} In good repair .md ~haU n"lt ~ommll ~-ll~k ~).r ['\:fnlll 100piurmcni or dClerilHati(!O of rhe Property
<br />..nd shall eomply with the prOVISIOns of any lease .f thIS Deed "f 'I ru" " ,m a lea,ehold. If this Deed of Trust i, on a unit in "
<br />COndominlU1l1 or a planned unit de\felopmem, Borrower shall pedorm all 01 Borrowe(~ ohligatlolb under the declaratlon
<br />or covenants c,reat!ng or governing the condominium Of planned unit developmenl, the by-laws and regulations of the
<br />condominium or planned unit deve1opmcnl. and constituent documents.. If a condominium or planned unit developm~nt
<br />rider is executed by Borro-wer and recorded tOgelhe.r with th.:) Deed of Trust~ the co\,enants and agreements of such flder
<br />shall be incorporated into and shall amend and supplement the ..:o\.cnanb anu agreemenu of thIS Deed of Tru1( ~\~ if the rider
<br />Wen: a part hereof.
<br />,~ ProtedIoa of LeDAkrt. Seearit)'. If BorHlw'cr fails to perform rhe covenants and agreement!> (,;ontaulcd in (hi~
<br />Oecd of Trust, or if any action or proceeding.. commence<i which ,natenaUy aff"".s Lender'. interest In the Property.
<br />.ooudin., but not hmited to~ eminent domain, insolvenc}. t.:ode enfOfl;cment. Of arrangenlen~ or proceedin~ H1volvmg a
<br />bankrupt or decedent then Lender at l...ender's option. upon notit.:~ to Borrower, may make s.uch appe.aran..:c'S, disburse HII.::h
<br />'WI>$ a.oo. tak.e $UC,~ action as is ncceuary to- protect Lende:f'~ IOterC&,l, indudmg, but nO.1 lunited to, Jisbuf:tClllcnt of
<br />reasooablc llttorney 5 fees and entry upon the Properly to m~ke fepair~, H Lender reqUlfL"t.i murtgage .\I1:SUf aBet: a.., ;.:
<br />C-ondltionof makina the loan .CQIrCd by tbis Deed of Trust, Borrower "hali pa)' the premium, required 10 mawtam ,,,cn
<br />insurance in effect until such time as the requirement fO'r such insurana; terminates in acc,ordan,c with Borrower\. and
<br />1..cnOO'$ wriUen a&r~t or applicable l,w. Borrower shall pa} the amount 01 all mortgage insuran.:e premiums Iil Ihe
<br />rtlanw provid<<! ~ pam&lraph :2 bcteof.
<br />~y lIIJ;1qWl:lI dlsbUl14d by telldel pursu.nt to thu. paragraph 7. with wtere~t lh"reon, shall hecome addlt.o".1
<br />indebl~ of Borrower _ured by lhis Deed of Tru>l Un'".. Bortawer and Lender agree to olher terms of payment. sud.
<br />..mc_ sW he payable upon l\Olk.-c from Lender to Borrowet reqU<:>tlllg paymei!t lhereof, and shall bear interest frt>m the
<br />daUlof ~t Il1lhc raIC paYllbie from time I" tinw on n"l<landing pflndpal under Ih" Note unl.....' pa)'ment or inter"st
<br />lil _II rat. would be cGntrary to aw1l<:abie law.. in whIch event such amount'. ,h.lI bear ""er",{ at the lughest r.t"
<br />Pf'!'lllIMlbl!il UI><ktr ~ I",.... Norbins (Ontalned on Ii". paragraph 7 .nail re'lu"" L""der to !Ocur any "'pense vr lake
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<br />i~ may tna.k~ of ,..:auK t.o he made rt.'aMJ-HJ;tbk cornet. up\)11 .an-d m&pccnoos of the Propert~. prn'Old-e-d
<br />~ Io:rro-Vt"'Of notice pripf to au)' li\Kh inlipectkrn !ipe~:ifyitli rea~onaNc <:au~ thcn:-((H related h,'! I cnde{;,
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