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<br />UNlPORM CovENANTS. Borrower and lender covenant and agree as follows:
<br />.1. Pa1- of 1'rIIIdplII ..... 1-. Borrower shall promplly pay when due Ihe principal of and interesl on the
<br />indebtedness evidenced by the Note, prepayment and lale charges as provided in the NOle, and Ihe principal of and interest
<br />on any Fulure Advances secured by Ihis Deed of Tru.r.
<br />2. ........ fer T_ .....~. Subjecl to applicable law or to a written waiver by Lender, Borrower sball pay
<br />10 Lemler on lhe day monthly irrstallments of principal and inleresl are payable under Ihe Nole, until the Note is paid in full.
<br />a sum {herein "Fundi.) ,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 />plus o....twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and from
<br />lime to time by Lender on the basis of ......ments and bills and reasonable estimates thereof.
<br />The Funds shan he held in an inslitution the deposits or accounts of which are insured or guaranleed by a Federal or
<br />state agency (including Lender if Lender is such an instilution). Lender shall apply .he Funds to pay said taxes, ....,..ments.
<br />insurance premiums and ground rents. Lender may not charge for s" holding and applying the Funds. analyzing said account
<br />or verifying and compiling hid ..........nls and bills. unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Deed of Trust that interest on 1he Funds shall be paid to Borrower. and unless such agreement is made or applicable Jaw
<br />requires luch inmOll to be paid, Lender ,hBlI not be required to pay Borrower any inlerest or earuin", on the Funds. Lender
<br />shaH give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds- and the
<br />purpose for which each debit to the Funds was made. 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. IOgether with Ihe future monlbly instBlIments of Funds payable prior to
<br />the due dates of taxa. assessments, Insurance premiums and ground rent5~ shall exceed the amount required to pay $aId taxes.
<br />asses.-smcnts, insurance premiums and ground rents as they fall duc, ~mch excC$S shaH be, at Borrower's oriOn, either
<br />promptly repaid 10 Borrower or credited to Borrower on monthly installments of Funds. If the ..amount 0 the. Funds
<br />held by Lender shalt not be sufficient 10 pay mxe-s-, aue~"ments_ insurance premiums and ground rents as they fall due.
<br />Borrower shall pay (0 Lender any amount neceuary to muke up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requestiDg payment thereof.
<br />Upon payment in full of aU S"illm secured by this .Deed of Trust. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If un~r paragraph 18 hereof the Propeny i..; sold or the Property is ~{herwise acquired by .Lender. Lender
<br />shaH apply, no later Ibm immediately prior to the sale of the Property or its acquisilion hy Lender, ilny Funds held by
<br />Lender at the time of application as a credit againsl the sums secl~red by this Deed of Trust.
<br />J. ApplicadDn of Paymeftrs.. Unless applicable law provides otherWIse, aU payments received by Lender under the
<br />Note and paragraphs 1 and 2 hC'rec.)f shaH be applied by Lcnder first in payment of amounts payable to Lender by Borrower
<br />under panlgraph 2 hereof. (hen to interest payable on the Note, then to the principal of the Note. and then to interest and
<br />principal on any Futuu Advances..
<br />4. Chaq:er.; Liens. Borrower 'ihalt pay all ta~C"~. 3ues.smenls ~lnd other charges, flOes and impositions JHributabte to
<br />the Property whjcb may aualn fs priority over Ihis Deed f~f Trust. and leasehoJd payments or ground rents. if any. in the
<br />manner provided under paragraph 2: hereof or. if not paid in slIch manner, by Borrower making payment. when due. directly
<br />to the .payee thereof. Borrower ~haH promptly furni~h to Lender .ill thmC1!'s. of amounts due under this- paragraph. and in the
<br />event Borrower .haU make payment directly, Borrower shall promptly turnrsh to l.ender recclptl evidencing such payments.
<br />Borrower ~haU promptly di$charge any lien \Jthich has prlority over t~is t~ed of Trust; provided. othal BOl".mwer 5hall not be
<br />requJred to dhcbarge: any such Hen so long a..\ Borrower ...haU agree w wntmg to the payment of the obhgation secured by
<br />:men hen in a manner Ilco::ptabJe [0 Lender. or ....hadl in good faIth contest ~uch hen by, Of defend enforcement of slll.:h lien in.
<br />legal p-rocct:dinp which Opet3tc to prevent the enforcement of the lien or forfeiture Q{ the Property or any pan thereof.
<br />S. HaranlI......-ce___ Uorrower shall keep the tmpr\")'vcments noW c~l;.Ung Qr he<<::after cre<;t.ed on the Property Insured
<br />ag.aj~ loss by fire, hAUrm included within the term "c),tenooj ~(l\'er~ge'~. and such olher hazards a~ Lender may require
<br />and Ul such amounts and (Qf !iuch pco(..>ds ii.\ Lender may rcqUife; prtwlde-d. that Lender shall not reqUire that the amount of
<br />'\ltCh coverage e-xcced thai &f1'K)Unt of coverage required hi pay the smn~ ser.:ured by this Deed of Trust
<br />The ios-urance carrier p-n:wuhng the ins.uram:c ..hall be- ..-;h~n hy Borrower subject to QPprovil1 by Lender: proVided.
<br />that ,uch approval sball nor be unr-easonl'lh-ty wtthhc:ld. AU premiums QIl tn$urance pottcics shaH be paid in the manner
<br />provided under para&Apb 2 he-f<<)f Of, if not paid w ~u~h manner, hy Borrower making payment, when due. dtrectJy to the
<br />iuurancc carrier.
<br />AU itlSl.mmct' policies -and renewals: lhereut 5hs.H he In Cnrm ac..:eptable to l,entkr and shall mclude a 8raooard mortgage-
<br />dawoc in favor of and in form 3c(:t::~'"P,"ilhle to Lender. Ll,.~nlkf ..h;.ll have: rhe right to huld ttw policies and renewals thereof,
<br />and Borro,,"-ef shall prl,.wnptly f\1rnit:h to Lender all n:newat nollCC'j; and all r~eipt~ of palJ prctniunu. In the evenl of lo;;s.
<br />Borrower ~han gIVe prompt notice to tbe In'Stlru.ncc (.~a-tfle.r and Lt'ndcL Lender may make proof llf loss If not made promptly
<br />bv Borrower.
<br />. Unless Lender and Su-rrower- utMr\iViJe agree in \\Tiung. insurao-.:e pH:~eed$ ~hall be applted to restoration or repair of
<br />lhe Property damaged, pfoy"ided such fC!'it.orahon or rep-"I' 1\ ICC\,H.KtflIICaU)' feasihk and the secttrilY of t~i\ Deeu of Trust J'io
<br />not tbeu-b-y Impaired. 1f such resloratlon Of rep-oJr 1\ nut ccnnonll\:a.Hy kastble (1-( II 'he !ie\:unty of thi~ Deed of Trust would
<br />he Impaired. the In,urance pftx-e~-s 5hai1 be apphe.d to the S-t.JIllS- K<':llreU by lhti Deed of Tru-st. wnh the.. exces.s, If any, paid
<br />[0 Borrowc:r. It the Property IS. .abandooc:J by Borrower. nr if Borrower Lul~ lO re)pooow Lemkr wilhltl 30 days from the
<br />date ooti..---e is, mailed by Lender to Borrower lhllt the Hlwrafh.e C-afller offen to 5Cule a claim for insurance benefits, Lender
<br />it authoriled to wHeet and appiy the io~uralKc Plocecds dt Lender's cfHion eIther '0 restoratIon or repair of the Property
<br />or to lhe sum. secured by IhlS Deed of Tru"'.
<br />Unless Lender and Borro\.\-er othcrwi~ agre-e in wnting. any ~uch Appht;:atlon of proceeds LO principal sh~1I not ex lend
<br />Ot postpone tbe- due date of the moolhjy inslaUment5 reterr(:d to iu i)Ua$raphs I and 2. hereof or ch~nge the amount of
<br />~uch lMtallments, If unilin paragraph 1 t\ hero')l Ihe: Propen)' l~ acqUired by Lender. aU fight. title and lotereSl ot Borrower
<br />in and to any insufalU.'e policies and in and to t~ pnx:eeJ~ dwreof resulting horn damage to the ProperlY prior fo the sale
<br />or acqui-siti-on shalt pass. to- l..ender to the extent 01 the .sums. ~ecured by this. Deed or Trust Immediately prior to such sale or
<br />acquisition. .
<br />6. "'_......... ~ of Property; 1.c_1tolds; CoodomlAlu_ I'\lIIJned Unit DeveloptMnts. Borrower
<br />shaU keep the Property in gOtN rep-clir and ~haH lItH cOmnH{ wa~l,-~ Of reln-ht unpa1nnenr or Jctcfioration of the Property
<br />:tn<15ball ('ompty with the pro-vis-tons- of any lease if this f)eed of Trust i~ on a leasehold, If this Deed of Trust is on a unit in a
<br />ctmdominiUID or a planned unit development. ROff'Q-wer tha,U pcr.tonn all of Borrower's obligatioll~ under the declaratiol1
<br />or CO\'enants creating or go\'erning the condominium or p!:moed unii dcvdopment, the bynl.aws and regulation') of the
<br />c~domin.iUtn or planned unit develop-ment, ~nd l;.-On$tituent documents. If a condominium or planned unit development
<br />rid<<" is cx"--v.ted by Bon.ower and <<!iConlcd together with this Deed of TrU$t~ the ~oYcnant:s. and agreements of such rider
<br />shan be incorporated into and shall amend and supplement (be co.cnants and a.greements of this Deed of Trust as if the rider
<br />...'" a part henlo{.
<br />1-.. ProRdiDa of ~.. Secwity. If Borrower fails to pe.rt.o.fm the covenants aod agreements contained in rhis
<br />l>t!od 0{ T1"U$1,. O'f if 1:11)' aiOtlon or proceeding is- ulmmenced whtch matef'iaUy affects Lender's inter~t In the Property.
<br />Jftcludin&, but not limited tQ~ emine-tlt domain, iUK>>:ve-m.:y, .::tld~ enforcement, or arrangements Of procet,.-ding~ involving it
<br />banktupt 01' dcc:edeut. then Lender at tender'$ optiQn, upon noti-ce 10 Borrower, may make such appearances. di!lhur~ ~uch
<br />$UIUS- and we -'UC~ ac:cion as is n~f) to protect l..end.::r's utteres,l, induding. but !'lot limited 1\), dishuf')ClHeOl i)f
<br />~. auoraey'a.le:a. .and entry upon the- Property to male repaft:S If Lender requited mortgag.e lIliUran.,;" il\- it
<br />c;>Adi_ of. mati". the loan :recwed by this l)ecd. or T ""t. Borr<lwer shall pay the premium. required '0 ",.iDtB," such
<br />t~ in e.tlect until Iueb time as {.he requitc{l1eflt tor- ~h msuunce te-rmlnale'fl, in .accordance with Bormwer'~ an-d
<br />~~s .~,Cf\,.~ or a . Ie- law. aortoVr'cr &baU, pay the amount uf aU mortgage j-n~urance premiums in Ihe
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<br />Aliy. all r JXlf$Uant to [hi$- paragraph 7, wilh interest thereon, $halJ hc:t.:ome additi(,\nal
<br />~ of ' Deed of Trml. Unleu Borrovne:r and Lender llgree to other tent" of payment. s.u~h
<br />_ shall ilOl JllIl'abIe UJ>I>ft noli<;e f.rum lAnder to Bonqwe, requestins paymenl thereof, .nd shall bear inleres! !turn .he
<br />4Ile of~. alt'- rate payable fl'OlP tlmo to lime otIouttlanding principal under 'he No'e unl_ payment of In.eres'
<br />It ~,ate would he CMuary tQ &pJ>licable law, in wbich even. ."ch lUIIOOn" ,b.lI bear ,nte!'CS! .. the h'Sbest ral<
<br />~ ~ ~ law. N<ldIinC a>nQjt1lld ,n this paragraplt 7 shall r_ire l-AAd1lt1<\ jns:ur any ..pcn... M tBke
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<br />83- 004952
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<br />ma,t" rn.U;C' or l;.aUiC to' be made re.~~abk e,ntn~ tipt-'t1 and ln~po...,tOftS t1-i lht. Prop:rt.,.~ .pto'i'ide:d
<br />,t'UWU nobc:.e Pf'IDt tQ i!uy $-m;.h tMflOCljOO ~pt~d.fYIf)i reaWllil:bfe ',,-UW- therl;tof rdat6J tfl Le-nd.er\
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