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<br />83~("5~33d-/
<br />-:' 1~,()~,337--r
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<br />UNIFORM COVF.NANT~'L Borrower and Lender coven~lIlt and agree as follows:
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<br />J. P2yment of Principal and Interest. BClrrowcr -.;hall promptly pay when due the principal of and interest (lO the
<br />indebtedness evidenced by the Note, prepayment and latc charges as provided in the Note. and the principal of ~md interest
<br />on any Future Advances secured by this Dcell of Trust
<br />2. Funds for Taxes and Insurance. Subject to .1pplicablc law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on Ihe day monthly instnllments of principal and interest are payable under the Note, until the Not.e is paid in full.
<br />a slim (herein "Funds") equal 10 onc~lwclfth of the yC'arly taxes ,lOd :J<;sc""'mcnfS which may .attain pnority over this
<br />Deed oC Trust. and ground rents on the Property, if any, rim. ~me-Iwclfth I,lf y~arly premium installments [tJr h~lard insurance.
<br />plus one-twelfth of yearly premium installments for mortgage insurance, If any, illl as reasonably estimated illltlalJy and from
<br />time to time by Lender on the hasis of assessments and hilis and reasonable c'itim<Jtcs thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which :'Ire insured or guaranteed by a Federal or
<br />state agency (including Lender if Lender is such an institution). Lenuer shall apply the Funds to pay said taxes. assessments.
<br />insurance premiums and ground rcnts. Lender may nor charge for so holding and applying lhe Funds, analyzing said account
<br />or" vcrffying and compiling said assessments and bills, unless Lcnder pays Borr('we-r interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender lllJY ;}gree in writing at the time of execution of this
<br />Deed of Trust that interest on the Funds shall be paid to B(HTOWer, and unless such agreement is made or applicable law
<br />requires stich interest to be paid. Lender shall not be required 10 pay Borrower any interest or earnings on the Funds. Lender
<br />shall 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 arc 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 monrhly installments of Funds payahle prior to
<br />the due dates of taxes. assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums .lOd ground rents J~ Ihe\' fall dul'. sLlch excess ~hall he. al Borrower's option, either
<br />promptly repaid 10 Borrower or creditcd to Borrow....r <'Tl monthly il1'itallmcnh of Funds. If the amount of the Funds
<br />held by Lender shall not be sut1lcienl In pay t.'l'\l'S. as,>c",sntents. tnstlran-.:c premiums .and ground rents as they [<III due,
<br />Borrower shall pay to Lender any amount necessary In 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 (uJ! of all sums sccured by this Deed of Trust. Lender :-;h.lll promptly refund 10 Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property IS sold (lr the- Pn'perty is otherwise acquired by Lender, Lender
<br />shall apply. no later than immediately prior fO the sale of lhe Property or ifs acqui<;ition by Lender, Jny Funds held by
<br />Lender at the time of application as a credit against the sums sccured hy this Deed of Trust.
<br />3. Applie~lfion of Payments. Unless applicable Ln\,' provide... (ltherw;s~, all paymenls received by Lender under the
<br />Note and paragraphs i and 2 hereof shall he applied by Lender fir'a ill payment (It amollnts payable to Lender by Borrower
<br />under paragraph ~ hereof. then to interest payable t'n Ihe NOIC, then [0 the principal of Ihe NOle. and then 10 intcrc~t and
<br />principal on any Future Advances.
<br />4. Charges: Liens. Borrower <;hall pay all taxes. ;1~Se5-SmCnl<; ,lnLl l\thcr charg(:s. tlnes .IOU impos.itions. allributable to
<br />the Property which may :lltain a priority over Ihis Deed of Trust. and leasehold payments or ground rents, if any. in the
<br />manner provided tinder paragraph 2 hereof or. if not paiJ in sllch manner. hy Borrower making payment, when due, directly
<br />to the payee thereof. Borrower shall promptly furnish h1 Lenuer all nOlice'i t,f amounts due under this paragraph. and in the
<br />event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts eviJcncmg slich payments.
<br />Borrower shall promptly discharge any li~n which has priority (lVcr this. Deed pf Tru~!: provided, that Uorrower s.hall not he
<br />required to discharge any such lien ,() long :I.., Borrr'wer "hall agree in \~Tiling 10 fhe p.lyment of the obligation secured by
<br />slich lien in a manner acceptabic to L~nder. Dr shall ill good fallh conkSI sllch lien hy, t'r defeml cnforccmcnl of such hen in.
<br />legal proceedings which operate 10 prevent !he ~Ilforcement l"'f Ihe lien or f,Jrfciturc of the Property or any parr thereof.
<br />S. Hazard Insunlnce. Borro\'.-'I.."f ..hall keep Ihe improvements now e\istll1~ or hereafter efected on the Property insured
<br />ag~linst loss by fire, hazards included wi[hin the tCfm "c~lt:ndcd covt:ragc", ,Hld such other hazards a~ Lender may require
<br />and in such amounts and for such pCflL1ds a~ Lender may reqUIre: providcu. that Lender sh<lll IHlt reqUIre that the amount of
<br />slIch coverage exceed th::n amount of l..o....cragc required to pay the SlIllh :-;ecurcd hy tlw; Deed of Trust.
<br />The insurance carrier pro\-'iding the in,urance <;h<tll he chosen ~y Borro\....t.:r subjecl tn approval by Lender: provided.
<br />that such approval shall not be unreasonably withheld. All premiums on insuram;c policies shall be paid in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due. directly to the
<br />insurance carrier.
<br />All insurance policies and renewi.ll~ thereof shall be in ft'rn1 a~ccrtablc w Lender ~md shall include a stJndar:d morlgage
<br />clause in favor of and in form acceptable to 1.ender. I l'llder shall have the right to hold lill' policies and renewals thereof.
<br />and Borrower shall pwmptly furnish to Lender "II rcncwiJl 110tic(:s and all receipts of paiJ premiums. In the event of loss.
<br />Borrower shall giv,: prompt notice w the il1surance C.lffler and Lender. Lender may make proof of loss if not made promptly
<br />by Borrower.
<br />Unless Lender and Borm\\cr ,)[hcrwi'ie agree in \"'flrlng. rnsurance prol.:ccds ~hall be applied 10 restoration or repair of
<br />the ProperlY damaged, plO\'ideJ :-;u~h rcswralion or lcpalr is cl.:ollomic<llIy f(:asiblc ,-llld the se\.;urity of this Deed of Trust is
<br />not thereby impaired. If such restoration or repaIr i:.- nol economically feaslbk or If the sc(;tlrity of this Deed of Trllst would
<br />be impaired, the insurance pro("c..:Js shall be applied to Ihe .sums s~clJr~d by lhis Dc....d nf Trust. wirh the ('.\cess, if any, pall.l
<br />10 Borrower, If Ihe Property is abandoncd hy Borrnwcr. nr if Borr\.l\\-cr Llil" to Ic~p(lnd 10 l.ender withm 30 day~ from the
<br />date notice is. mailcJ bv Lender to Borrower that the lIlsurance carril.:l" uth:r... 10 settle a claim for insurance bcnctils, Lender
<br />is" authorized to (ollcct and apply the insur..lncc pro..:ce&;. al L.cnder's (Iption either 10 restoration or repair of Ihc Property
<br />or to the sums secured hy this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in wril,lI1g, any such applicatioll tlf prnl.:ecLls to principal shall not extend,
<br />or poslpone the due date of the monthly il1st~lImcnh rt.:krreJ 10 in p;lr;igraphs I ;lnd 2. hcrcol Llr change the amOlllll oj
<br />such installments, If under paragraph IS hcn::l.)f the Property is .tC4.uired .hy Lender, all right. title and i!ltcres.t of Borrower
<br />in and to any insurance ptJhcies and Hl JnLl to the pro.;ccJ~ lhereof r~slll\Jllg from damage !l.) the Propcrty pnor 10 the sale
<br />or acquisition shall pass to Lender h) the (:xlent of the SllIns ~ecured by th:s Deed of Trust immediately rrior 10 \uch sale 01
<br />acquisition.
<br />6. Presen.ation ~nd Maintenance or Property; l.t'aseholds; Condominiums; Planned Unit Developments. Borrower
<br />sh<:lll keep the ProperlY in g;J;.,...1 n.::pJir ;lnJ shall nOl COlHmll W<.lSlc ()f rel"lllil impa!1 ment or dCicriorarillo of Ihe Pf\)peny
<br />and shall comply with the provisions of :Il1Y lease if this Deco (,r Trtl~t is (H1 a leasehold. If this Deed of Trust is t"'1l a unit in a
<br />condominium or a phmned unit dc\'dopmcnt. Borr...1\vcr sh:dl pcriorm all 01 Borrower.s ohligalit)lls under the dcdaralion
<br />or covenants creating or governing the condominium ~'r planned unit J.:vclopment, the hy-laws and regulations of [he
<br />C"~ndominium or planneJ unit devdL'pmcnt, and .:ons!l,tu~1l1 dOCUnlCrH:-.: 1f.1 .:ondominium or plannl.'d Ilnit d~\d\lpl1lell!
<br />fIuer is executed by Borrower and recorded lege-ther v,lth thIS- Occd pi I ru<.;t, Ihc covell,lIlts 3nd <lgrccmcnb 01 ~tl,,:h flder
<br />shall he incorporated into and shall :lnicnd and supplement the cownanh and agreements (11' thj~ D~'cd of Trml :1', If the lidcr
<br />were a part hereof.
<br />7. Protection of Lender's Security. If Borrower fail~ to pcrhmll the L:o\'cnunts t1lhl agreemcnts (Onialllcd in I.his
<br />Deed of Trusl, or if any action or proceeding is commenced which mutt:fJally :Jffeds Lender's interest in the Property.
<br />including, but not limited [0, eminent domain. insohclI\.:), code enfor(cmcnt, or :llTangcmcnh (If pro\:ccJlOp involving ;1
<br />hankrupt or decedent. then Lender at Lcndcr\ option, upon notice to Borrowt.'f. may milk\:' ~tlch appear-am:"s.. dJ~bllro;,c ~u~h
<br />sums and take such aerion as is necessary to protect Lcndcr':-, inicrc~t, in,..jlldill~. hut not Jimitt~d to, disbur:.cHlt.:n! pI
<br />reasonable- attorney's fees and entry upon the Property to make rcp:ti!~ If L;l.'ndcr rc~uired mortgage inSllf<WCI.' ;1... a
<br />condition of making the loan .scl.,;urcd by thIS Deed of Trmt, Borrower shal! ray the premium.s rC4uircd to Iluinl;lin ~lld~
<br />insurance in effect until s.uch time 3:> ihc requirement for such 11lSllLIlll.l" ICIIlI;n:He., in ;\<..:(;ordan...:e with BO!"rpwer\ ;llld
<br />I~endcf's- written agreement or ilppti,~able iaw. Borrowcr shall pay the- i.tlll(lllllt ~11 all mortgage in'HlIdll\..'C prcnli\lln~ in the
<br />manner provided under paragraph 2 herc()L '
<br />. Any amounts disbursed by Lender. pursuani to lhis paragruph 7. Ydth 1I1lcrc"t th~rl'on, 'lohall h":-':iltllc ~lLh.iHhmid
<br />mdebtednes.sof 8orrower .s..e(,.'urcd oy lhis Deed (If Trust, t inlcs.s Borrower and Lender ~lgn.:..c- to (,ther !('-rll1s ()1 pJyme:nr, :.ll.:h
<br />amou."1tt shaH he pay.abte up<>o notice fr0111 Lender to !kirrowcr requc:i.ting paym~nt thacof. and Sh.ll! hear mtercsl from the
<br />date of.dishutsemenl at the rale payable fr.om time to lim~ on outstanding: prilH.:ip:i111nder th~ Note un!cs-~ payment of int\?n:st
<br />at su..:h r;tle would he .:.:ontrary to applicable law, jn whit'l'! event <,och amount:'. s.hall l:-4:;lf intc-rcSi at th{,,~ highesl rale
<br />perrui5libl-e- undtr applicable law. Nothing cunlained in IlB!. paragraph 7 ~hall 1l;4uirc Lender to incur any c.xpe-nsc or tah
<br />an)' action hereunder.
<br />&. tMPf"~tion. f-4!:nckr m.uy make- m GnlS-c t\-~ h.:.' maot: fea:\lmahle cnln<:c, lifl~N and ill\p(-oCllOm of the ProP1,.'fly. provid(:d
<br />th-dt Le-n,d4tr ~haH give Bvrn)\o\"er l1utk:c plil}f to ao} such in~pecti(}11 spe'\.:ifYlog rca-'>-~HI;.d1k' (;!U'C tlWf..;tIH fClalt.'d t,) I t'P;kl\
<br />IfHitTti! in lhe: Pri1prrtv
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<br />83- 004504
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