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<br />83,:;.;., 005114
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and .agree as follows:
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<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest 011 the
<br />indchtcdness evidenced by the Note. prepayment and late charges as provided in the Note. and the principal of and interest
<br />on any Future A...lv:.ml'CS secured by this Deed of 1 rust.
<br />2. Funds for Taxes and Insurance. Suhject to applicahle law or to a written waiver by Lender, Borrower shan pay
<br />to Lender on the day monthly installments of principal ,Ind interest arc 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 (me-twelfth of yearly premium installments for hazard insurance.
<br />plus (-me-twelfth of yearJy premium installments for mortgage insurance, if any. a" as reasonably estimated initially and from
<br />time to time by Lender on the basis of as~essmcnts and bills and reasonable estimates thereof.
<br />The Funds sh:1l1 be held in an institution the deposits or :Kcounts of which arc insured or guaranteed by a Federal 'or
<br />state agency (including Lender jf Lender is \uch an institution\. Lender shall apply the Funds to pay said faxes, assessmcnts~
<br />insur~tncc premiums and ground rents. Lender may not charge for so holding and applying the Funds. analyzing sai<J account
<br />or- verifying and compiling said assessments and bills. unles.;; Lender pays Borrower interest on the Funds and applicable law
<br />permits I.ender to make such a charge. Borrower and Lender may agree in writing ai, the time of execution - of this
<br />Deed of Trust that interest on the Fund" shall he paid to Borrower. and unless such agreement is made or applicable taw
<br />requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower. witholH charge. an annual accounting of the FundlO 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 />bv this Deed of Trust.
<br />. If the amount of the Funds held by Lender. together with {he future monthly installments of Funds payable prior to
<br />the due datcs of taxe~. assc.;;smcnB, insurance premium<; and ground rents. "hall exceed the amount required to pay said taxes.
<br />assessments. insurance premiums and ground rents CIS they hill lIue, 7'luch excess shall be. at Borrower's option, either
<br />promptly repaid to Borrower or credited tn Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient to ray ta\cs, assessments., in~urance premiums and ground rents as they fall due.
<br />Borrower s.halt pay to Lender :my amount ncccss<lry to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of aU sum" secured hy Ow; Deed oj Trust. Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph I X hereof the Property!" sold (II' the Property is otherwis.e acquired by Lender. Lender
<br />shaU apply. no later than immediately prIOr h) the <.;ale or fhe Property or its acquisition by Lender. any Funds held by
<br />Lender at the time of application as a credit against the s,ums ~ccurcd bj' this Deed of Trust.
<br />3. Application of Payments. Unless applKubl~ LIW provide" Olhcrv.'lsc. ~dl payment'\. received by Lender under thc
<br />NOle and paragraphs 1 and 2 hereof shall he applied hy I ,(;ndcr firsl in payment of amollnts payable to Lender by Borrower
<br />under paragraph 2 hereof. then to interc~t payable on the Note. then 10 the prinl.'ipal of lhe NOle. and then to interest and
<br />principal on any Future Advances.
<br />4. Charxes; l.iens. Borrower ~hall pity all taxes. dsscssmenh and ()\her (harges. fines and impositions :lttriburable to
<br />the Property which may attain a priority over this Deed of Trusl. and leasehold payments .or ground rents, if any. in the
<br />manner provided under paragraph 2 hereof or, if nOI paid in such manner. by. Borrower maklOg payment, when due. directly
<br />to the payee thereof. Borrower shall promplly furnish to Lrn\kr all llotll~C"', ot amounts due u~der this pa~agraph. and in the
<br />event Borrower shall make payment l.hreclly. Borr(rwcr Sh~lll promptly lUrmsh to Lender receipts evidencmg slIch payments.
<br />Borrower shaU pn"Jmptly di~charge any lien whil.:'h hus priority OVl~r l~lI" Deed of rrllsl: pruvlded, that Bor,rower shall not be
<br />reqUIred to discharge .lOy "lll.:h lien <i() long a\ BOITtll.\'er ..hall ,-\grct' H1 \\-ritin~ [0 the payment of the obhgatlon s.ecured by
<br />such lien in a manner acceptable to Li.:'nder. or Sh;IJllll good faith l;onlc~t sll\:h lien by. or Jefend enforcement of slIch lien in.
<br />legal proceedings which operate to prcvcnI lhe L'nf()~cement of the licn ()r forfeiture of the PropcI1y or any part thereof.
<br />s. Hazard Insurance. Borrov,'-cr shall keep the Improvements now eXIsting or hereafter erected on the Property insured
<br />against loss by fire, h3zard~ indudcd within the t~,rfl1 "~\tcndcd ,,:t)\'t;rage"', and SlKh other hazards ~lS Lender may require
<br />llnd 1n such amounts and for such periods a~ Ll'IH,kr may require; pr~)\,H,ku, lhat Lender shall not require thai the amount of
<br />stich coverage exceed that amount of coverage I'l:qwrcd It) pay the slim" sCl.:ured hy thiS Deed of TmsL
<br />The insurance carrier providing the in,:>uram:\.' ...hall he dw..en hv 13orrmn.'r subject to approval hy l.ender: provideJ.
<br />that such approval shall not be unreas<)fmbly withheld, All premiulTls 011 insurance policies shall h~ paid in the manner
<br />provided under paragraph 2 hereof or. it not paid !!1 .,uch manner, h~- Borrower making payment, when due. directly to the
<br />insurance carrier.
<br />All insurance policies and renewals thcrcoi shall hl.~ Hl torm i.1O:~l.:'ptahle h) (,(~nd~r and ,hall ITldudc a standard mongagc
<br />clause in favor of and in form ac.:t:plahlc to Lender. Lender .,h.111 h:H-C the n~rJt fO hold th~ pohcic:, and renewals thereof.
<br />and Borrower shall prl.)mplly furnish !O Lend('r ,Ill n.'f1cw;:il notiu:" ,1110 aH rCI.,t:ipts 01 pdid premiums. In the ~vcnt of loss.
<br />Borrower shall givt: prompt nOli..:\.' to the lllsurall":t~ \:~H! itf' .wd (.:rhh.'I, LClld~r may makt: rrot,if of 105"; If nl..H made promptly
<br />by Borrower.
<br />Unle-ss Lender and Borrower I.Hherwise a,grcc- ill ~\f-itlllg. IIl!-tHMh:t.' pw..--ct.'7ds ..hall be applied to rC'iIl~ration or repair t?f
<br />the Property damaged. provided sU-lh rl'.;,tora{Hlil ;.If repillf h C\..'OIH1I11lC;.lily feaSible .llld rhe SCl.:miIY nf ltllS DccJ of Trust IS
<br />not (hereby impaireu. If SUl.:h resIOra(l(.Hl ~'I reraH I" rwt cCl..momi~Jliy fca~lbk or If the \;;el.:'llfil)' of thi... Deed of Trust would
<br />be impaired, the inSlIratKC prl..tt.:eeds Sh.iU he applied to ihc ~unh sc..'ur(~u hy (hi, Dcl.'o Of Trll~t. with the c'('cs~. if any, paid
<br />to Borrower. If the Property io; ::Ioandl.meu by Borrower. llI' if Bornl\\-'cr Luis to /l.:"plmd II) Lender wilhin 30 days. from the
<br />date notice is mailed by Lender 10 BOrfl..\\\'cr Ihat the ll\!.urani..:c \.'arricr olIers to settle a daim for in~uran-ce benefits. Lender
<br />is authorized to collect and apply the ins.urance pr()..;ccds- al Lender';. option either 10 restoration or r~pair of the Property
<br />or to the s.ums secured by this Deed of Tru~t.
<br />Unless Lender and Borrower otherwise ;:\gr~e in wflting. any stl\:h application of pl'o/';:ceds 1O principal shall not extend
<br />or postpone the due date of tbe monthly installment.!> r~ferr(':J to in paragraphs- I <lnd 2 hereof or change the amount of
<br />such installments. If under paragraph l~ hereol the Propert) is <t~quired hy Lender. ail right title <.lnd interest of Borrower
<br />in and to any insurance pohcies and In :iI1d to the pf0cccds ther~of resulting trom damage to the Property prior to the sale
<br />or acquisition shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such s.tle or
<br />acquisition.
<br />6. Preservation and Maiatenance of Propert)'i UllSebulds; Condominiums; Planned Unit l>e-velopments. Borrower
<br />_"halll,-cep_,tbe Property 10 good repair and :shall not comnHt waste or pt:rIlllt impairment or deu:rior.ltion of the Property
<br />anu -sbaIl comply with the provisions of any lease if this Decd of Trust i~ on a leasehold. If this D~d of Trust is on a unit in a
<br />condominium or a planned unit development. Borrower shall per10rm all of Borrower's obligatIOns under the declaration
<br />or covenants -creating or g()~erning the condominiunl or- planned unit developmenl. the by~laws and regulations of the
<br />condominium.or planned umt development. and J;onstituem di."lCuments. 1f a condominium or planned unit deveJopment
<br />rider is executed by Borrower and recorded together with this Deed of Trust, (he covenants ,~nd agree_ments of such rider
<br />shall be incotponlted into and s.h~[ amend and supplement the cm:enants and. agreements of this Deed of Tru~t as if the rider
<br />were a part hereof.
<br />7.. PtoHcdon of Le-acler'. Security. Jf Borrower fails. h) perform the l:ovenants and agreements contained in this
<br />Deed of Trust. or II any aCtion or proceeding is commen\.:-ed which materially affects Lender's interest in the Property,
<br />including. but not limited to. eminent domain~ insolvency. code enforcement, or arrangements or proceedings involving a
<br />bankrupt or decedent.. tben Lender at Lender1s option. upon notice to Horrower, may make such appearances. dishursc 1:Iuch
<br />s~_~_ ta)-e_ such- actiq-u a$ is nccel5a.ry to ptoto.:t l..ender':" imerest, including" out not limited to, disbursement of
<br />-~nable attorne)"s fees and entry Upon the Property to make repairs. If Lender requir~J mortgage insurance as a
<br />~itioD -,of, making the lOan secured b)' this Deed of Trust, Borrower ~hall pay the premiums -required to maintain such
<br />i..~ in~ ~ until such time &$ tbe _requ.~ment ror such iIlS-urunce terminates in accordance with Borrower's and
<br />1~'.,;W.ri(1Cn a'fetmCnt or applkabJe law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br />~Pwvldedlmdcr patll8raph2 hereof.
<br />~~ diobunc:d by Lender pursuant 10 this paragraph 7. with interest thereon. ,hall hecome addit;onal
<br />iudeb ... . of Borrower _ured by thi. Deed. of TrU>I. Unl... Borrower und Lender agree 10 other term. of payment. ,u<h
<br />'~lac.uU be pay..blo upon notice from Lenlier '" Borrower requesting payment thereo/. and .hall heal' intere.t from the
<br />~ of,diibun,~;~nl at 1M rate pay.bIc- from time to- time on outs-tanding ptincipall,Jn(jcr the Note unless paymen( or interest
<br />at.1\ rate W<iWd be coolrary to al'l'liealtle law. in which event ,ueh amounts ,hall he.. mter.,t at the high..t rate
<br />po~~ _' N(Uhinll,."OJlJaltlw- in this polfIlgraph '7 'ShaH reqUire Lender ((.1- incur any expense or lake
<br />my' ..
<br />L_ "_ _ r may nutke (.1rcau-U' to be made reOlSOO-A'Wt, eJltrlC'> Hpt"tli ~ln-d m'p'-~tion~ nf lht:' Pn,)pcrty. PT01;ldcd
<br />tl1at I~ maD..'Jive-_Bt'lru.'Jwcr tKltice PI1-Pi -1Q any ~-u\:h ins.{XW.ti-on ~pcdiying rea;\l..nUlh!~ ;':'iH.I''iC therefor related w 1 c:ndn\
<br />'<11_ in .n. ProllOlltv
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