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<br />83~oU566'1
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />;t, ~ of PriRd.... ami Interest. Borrower shall promptly pay when due the principal of and in.erest on the
<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 />%. """"" fer T_ ami I-...ce. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly in.tallments of principal and interest are payable under the Note. until the Note is paid in full.
<br />a sum (herein "Funds") equal to one,twelf.h of the yearly taxes and assessmen's 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 one-'twelfth of yearly' premium installments lor mortgage insurance. if any. all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shalt be held in ao 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 institulion). Lender shall apply .he Funds to pay said taxes. assessments,
<br />insurance premium. and ground rents. Lender may not charge for so holding and applying tbe Funds. analyzing said account
<br />or verifying and compiling said ......ments and bills. unless L"nder 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 tbe time of execution of this
<br />Deed of Trust that interest on the Funds shall be paid to Borrower, and unless slIch agreement is made or applicable law
<br />requires .uch intffeSl to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shaH give to Borrower. without charge. an annual -accounting of tbe Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Fund. 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 the future monlhly ia<tallments of Fonds payable prior to
<br />the due dates of taxes. assessments, insurance premiums and ground rents.. shaH exceed the amount required to pay-said taxes.
<br />assessments. insurance premiums .and ground rents as. they fall due. such excess shall be. at Borrower's option. either
<br />promptly repaid to Borrower or credited to Borrower on monthly instaUments of Funds. If the amount of the Fund.
<br />hold by lender shall nor be sufficic:nt 10 pay ta-x~, a!SeS.-\mems. insurance pn:mium.l!l and ground rents -as they fall due.
<br />Borrower shall pay to Lender any amount necessary h~ make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereoL
<br />lJpun payment in foil of all sums '<CCured by thIS Deed of Tmst. Lender .hall promptly refund 10 Borrower any Funds
<br />beld by Lender. If under paragraph J g hereof !be Propen~ " sold or the Property lSolherwi<e acquired by lender. Lender
<br />\hall apply~ no latcr than immcdaatcly prior to the \ale of the Pro-peny or ils acqUisition by Lender. any Funds held by
<br />Lender at the lime of application as a credit against the sums secured by chis Ot...~d of Trust.
<br />J. Applkadon o'-Payments.. UnJe-ss applicable ta" provide" otherwise. an payments received by lender under the
<br />Note and paragrlpll< I and 2 hereof .hall be .pphed 0)' lender firsl III payment of amounts payable to Lender oy Borrower
<br />under paragraph i hereof. then to interest payable l)n the Note. then 1\1 the principal of the Note. and then to interest and
<br />princTal ~~~':u~ ~d.:~~:!: ~'-.Il .......~, ..Il . "......- ............'.."'"'......~_. ,......A ......i-.._r ~...._.......... to...._ "'n~ ......~'.,;"..." ",...,''''''ta'''l... _....
<br />...... ...~-........ ___ lI#'l....'-'...__. ".. ., i".... ..... ............,. ..:o..M.-"~U....'H... ....... ......... \"U.lf"'-"'. u......'" .. ."-' .H.y....~ . .." ..... "''-6 u....
<br /> I....
<br />the Prope-flY which may attain D. priority o~r fhls Deed l..lf Trust. and lc-asehotd payments or ground rents. If any. in the
<br />manner providtd under paragraph 2 ~reot or. if nt)( paid in luch nUtnnet, hy Borrt'l'wer mak.ing payment, when due. directly
<br />to the payee tbetellf. Borrower '5haH promptly htrni;ih h) Lenocr all nOHct~.. of amounts due under this pa~graph. and in the-
<br />event Borrower shall make payment dmectly. Borrower Sh21l promptly furnish ft.' Lender re-eerpts evidencmg such payments.
<br />8-t.1rrt)Wer ~I pn:tmpdy dtscha~ any lien -.hich has pnorlt). O'.'C( tht\ Deed of Trust: prOVided. that Bor.rower shall not he
<br />reqUired 10 df'ioCharge an}' such hen 50 long Ol~ Borrower shaH agree In \\.-rItmg h' the payment of the obligation secured by
<br />such hen to a maflrter acceptable to Lender, Of ~haU III gL~xt !.:uth contt."sl \-uch lien ~y. or defend en!or\.'cment of such lien in.
<br />le,alf.n.X~ingi which operate h) p~vent the enforcement (li Ihe- lu:-n ('1" forfciwre t,r [he Property or any pan thereof.
<br />t 1IaDnl1~~ BorTOv,'er ~haH keep the tmpro\"emenh now C'-lstlng or here3her erected on the Property insured
<br />ag4.m~t Iou hv tire. hazard", induded within the- ttrm "c'\leodcd uwC"rage", and ~u~h olhcr hazanJs a... Lender may require
<br />and In such amoonts and for liuch penod~ il~ I coder may reqUire; prnvH.kd, Ihat Lender ...hall not requm: that the amount of
<br />'(uch covrraae t"xc-eed that amount of C'O-~ngc n~'4U1re-d h'l pal, the !l.LJm\ \C-cH~d ~r Ihl' Deed of Trust.
<br />Tbe insuranct:': carrier providing the tn"\tlrant:-(' "hall he ;;h{l<;("n ~~ lk\tro\.\'er suoje\.'t to 3ppr~)...'al hy [coder: pf<'1videtJ.
<br />that such approv.t shall not ~ unrcawnabh' "'ithheld All pr-emlums ()-n mliurance pohde~ shaH be paid in the manner
<br />provided UDder paragtaph .2 hereot or, ti not J>a.ld 1I1 \uch manner. by Bt:)rrowe-r making payment, wht-n due. directly to the
<br />tMUtanCC carrier.
<br />AU tIUur.oc"C pohci::s .tnd renewals thereOf \haH be m hlfm ac...~tpt3blc fl' l-entice and \haH mdude a standard mongage
<br />daux in favor of and in form a(',,---eptanit' to Lender. i.('nd~r :>ohaU h:l\'c (he nght to holJ the poiicies and renewals thereof.
<br />;tOO Bor-rov.-'Cf shall promptly !urnish It) Lender ;di recrtCwat flfltlCl"':'i. ""00 30 re-....--elpu. of patd premtums, In the evem of loss.
<br />Borrower mall live prompt notice !O {fu! lOs.ur~fK.--C: ,.:arrj~r ~inJ i..;nder Lender may mak~ proof of los$ if not made promptly
<br />b'\' BortO\\>e-t.
<br />, Unleu Lenc:kr and Bor~'er othcfwue llgrcc in wntmg. Ino,.uranl..'C p-nxeeds ~h.ilil be apphed to restoration or repair of
<br />the Property damaged. provi~ ~uch restoration {)f fe-p.ur 1'>- c;.:~m~mll":"U~ k;Ulhk and the security of this. Deed of Trust h
<br />not the-rdJy tmpaJf~d. If ~\k:h nestoralu..'l\ ur fe-pa:r i' nO-f ('\.:-(m-omh.:alf" kaslble: {'f Ii (he- ..c~urity of thi\ Deed of Trust would
<br />be unpatted.. the tnsun.tl(:~ proc.ceds mall be appl~ to [he ,._-Ulh "i<<WW by !hfi Deed of Trun. WIth Ihe e)tt.:ess, If any, paid
<br />to Borrower, If the Prop:rt)' l~ abandoneJ by 8orftl~'eL ~).r it SMrn.....c-( ~i.ltls h:! respond h,} Lende~ within 30 days from the
<br />dale ~"'fla:: i~ mailed bv Lender- to Bof-ro-~'ff lhat t~ llUUflln..:e \:arru~'r I.'Hef"\ to settl-e a claim tor tnS\lrance henefits. Lender
<br />is authonU'd (0 collect and apply the IOSUUlll,."'C pttx--eeds ,u Lender's \'puon either to fe~tornuon or repair of the Propeny
<br />or to the sum. "",,,red by this Deed of Trust.
<br />Unk:ss Lender ood Borrower \")the-rwl$C' agree In wlIl108. Ml\' \lJ-ch llpphcatwn of proc~i to pnncipal shall not extend
<br />or postpoM the due date of tbt monthly lO~tallme-l\b reierred fI._' U1 pafllgr..ptu I and 2, hereoi or ch~nge the amoun[ of
<br />~uch installments. If uode-r paraarllpb I x hereul the rr\)pcny l~ a'-''timed h~' 1 cnder. all nght, title and IOleres_t of Borrower
<br />.In aDd to,any im.urance- policies and In ,,00 H:' the pnxecds the-rt'-{)f ~uhmg from damage 10 the Property prior to the ~ale
<br />,')f I:Cqu~sitton shall pau 10 Lender to the C'~tcnt tJt the sums ).~ured hv thl!j, Deed o.f Trusl immediately prior t(l stich sale or
<br />oe;quisiuoo.
<br />6. ~... M........mtt of Ji'mpenyi i~..itoiIis; CoadomilliuJu.; r....n ;)an Ue.dupmcais. Dorrower
<br />,hall k~ the Property U\ p"'i\i ft'p< and shaH nol COrtlOll1 WUh.'" pc perm_It impairment or detcriorartort of the Property
<br />and shall comply with the pro..-'_t.ions of an) lease if this Deed t.'( Tru"$ll~ on a ieasehold. It this Deed of Trust is on a unit in n
<br />condominium {If a planned unit deveto~t. Borrower s.ha-U ped(.)-rm all of Borrower's. obligations under the declaration
<br />Of" C()Ve~(s clatio. or Jtl~rniol tbt' ;;,'oodomtnium or planned unit development. the by.laws and regulation, of the
<br />c-ondommnun Of planned UDlt de~lopmenl, and constituent d(l(;umeni'S, If a condominium or planned unit development
<br />rider ts ~ by Borr\l9fe~ and recorded 'OSC'lher wHh tlus [).eed of 1 rlliL the: covenants and agreements of such nder
<br />shall be -incorporated intQ and shaH Imend and $.uppkmem the CIJ\'enanh afHJ agr~me-nts of this Deed ,,)f Tru~t a~ if the rider
<br />_'" a put heRo!.
<br />1.. ~ of I~. Sftwily. If 800-0\\'-.:r falls (0 perform tho;: covenants and agreements t:ontamed in thi..
<br />~ of Tnltt. or if any aaion Of proceedmg IS .;:om~nced 'Which matenally affects. lenders mterest in [he Property.
<br />,ndudiD.~ but not limited tOy efllincml domaln~ !moh'CflCY, cooe- en{orarncnt. or arrangements Of proceeding'!. invoh'ing a
<br />baokrufM or deccdeftt. tbtm ~ at Lender's option, upon nnUce H) Horrower. ma)' make s-uch -3J?pearance'!l., tlisourse- such
<br />Su.mI aDd ttke such action as IS ncca.sar)' to ptotect Lender"s mte~t, wdudmg, hut not lImited to, dl'Sbur~erne-fH ot
<br />~ attorney's teo and eatry upon tbe Property to mak.e rep~,urs H Lender req~.ured mortgage msuroin~e >is ~I
<br />coedilion of mUia. tbe ""'.. -.d by th.. ~ of Truot. Borrower ,hall pay H.e premlUffi\ required to mamlam <lIch
<br />rtWlltaDC.-e in effect ootil sue:h time -as the requirement for 'Such lfiWraf\\,:"c ter-minates in ou.:.'cordance with 8orrower'fI, and
<br />laiW's w~ -:~.~ la... Borrow.... S.baU pay the amoun. 1 of all mortgage: i",."ranee premium~ 1.". the
<br />___ provided tmdou 1 heRof.
<br />'_ Iux!l.-mouats b)' Lender pursuant to- thll pua,raph- 7. With interest the-reno, shaH het'-(~me addHltmal
<br />t~ of IIorrtnfer wt1Jfed ~y this Deed ot Ttthl. Unleu. Borrower and t.erKkr agree (0 other terms of payment. SIH."h
<br />~ tINoll be ~'abIe upon lKJttCt from l.ender ll> Borrower reqUCSftng payment lhereol. and .hall be..r IOte.....' tm'" 'h~
<br />... of ~ at tho., rate pay.wo f~ time- to umc on otJtJ.taml.in. principal under the NOll" unletl p.~menl l)( il1r~f't.~~!
<br />at, tOdi ,... ~ M tOftttary ltl apphc.abJe- Jaw. ,n- whi~h event Ul(;"ft amo-unh ~haH hear i"te~t I'll thl: highest rult
<br />~.. uadet a.pplkabkt law, N-otrnn, contained in th~ par.v.ph '7 in-aU require Lender to incur an)' e-~pen$e '''f take:
<br />AllY _ ..........,
<br />-I. ........." teadct may IYblkc \.\f r:a\dC1I-O be made re-uonaNt t'l~t~ upt')o ..nJ Hli-pectu:m~ of ,the- Pn~rt-y, prw"'IU<ll
<br />fMt ~ .... .... -Bonu... n<)t'" ptlOf to ""flY 'luch tf\l.pccliQtl j.~tJ)'in' re-~'1nable c.au~ fhc:'r~h)r r-c!at-.:rl h) I ~ndcr',"
<br />'_Ill_~~
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