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<br />83-005724
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
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<br />.t. Pay_ of PrIncipii' IUId Inle...... Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and lale charges as provided in the Note, and the principal of and interest
<br />on anyPuture Advances secured by this Deed of Trust.
<br />2, ...... for T_ ad !nom""..... Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender 00 the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sum (bercin "Funds"', equal to one-twelfth of the yeaTly t.axes and as.~'l~ments 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 for mortgage insurance, if any, all as reasonably estimated initially and from
<br />time to rime by Lender on the basis of assessments. and bHfs 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 Feder~1 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 the 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 such a charge. Borrower and l.ender may agree in writing at the time of execution of this
<br />Deed of Trust thaI inlerest nn the Funds shall he paid to Borrower, and unl...., such agreement is made or applicable law
<br />requires such inl,,",",- to be paid, Lender sh.1l not be required 10 p.y Borrower any inlerest or earnings on the Funds. Lender
<br />shalf 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 Ihe Funds was made. The Funds are pledged as additional security for the sums secured
<br />by .hi<< Deed of Trust.
<br />If the amount of the Funds held by Lender, together wilh ,he fUlUre monlhly installments of Funds payable prior to
<br />the due dates of tues, assessments. insuratY-:c premiums and ground rents. shall exceed the 31nount 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 10 Borrower or credited 10 Borrower on monthly installments of Funds, If the .mount of the Funds
<br />held by Lender shall not be sufficient fo pay taxes, asscs...~ments. insurance premiums and ground rents as they faU due.
<br />Bofrower shalt pay to lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requestiog payment lbereof.
<br />Upon payment in fun of .11 SUtml secured by thIS Deed of Tru51. Lender shall promptly refund 10 Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property" <old l'T the Property is o,herwise acquired by Lender. Lender
<br />shall apply. no later than immed1l.tely poor to the sale of the I)mperry or tts a""'QuisiuQn 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. Application of"Payntents.. Unlc.ss appHcable iaw provides otherwIse. all payments received by Lender under the
<br />No'e and paragraPh, I and 2 hereof shall he applied b)' Lender first III paymen, of amounts payable to ~ ender by Borrower
<br />under paragraph i ~reof. then to intcre:u payable on the Note. then to the principal of the Note. and then to interest and
<br />pnncipal on .ny Future Advances.
<br />.... CJuuwes; Liens. Borrower :ihaU pay all ta\es. a\:SeSSmc:nb and fl,thcr charges. fines and impositions attributable to
<br />the Property which may attain B. priority over this Deed of Trust. and leasehold payments or ground rents. if any, in the
<br />manner provided under paragraph 2 hereof OT. if not: paid in such manner. hy Borrower making payment. when due, directly
<br />to the payee thereof, Borrower ~hail promptly lurnis.h to Lender all nouces t)i amounts due under this paragraph. and in the
<br />event Borrower s.hall make pa)--me:m dlrectiy. Borrower shaH prompdy furnish to Lender rttCIPtJ evidencing such payments.
<br />Borrower shall promptl)' discharge: any hen which has pnority o\er tillS I>et:d ot' Trust: prOVided. that Borrower shall not be
<br />required (0 d&harge any $uch lien \!oo long as Borrower shall agree In wrltmg to the payment of the obhgaHon secured by
<br />~uch lien in a manner acceptable to tender. or "haU to good faith Conl~t stl~h ben ily, or defend enforcement of such hen in.
<br />legal pr~gs which operate to prevent the enforcement l.1.f (he hen or iorfeiture of the Property or an)' part thereof.
<br />5. Haanll.....-..ce. Borrower shall keep the 1mrrovemcOIs now ex.Is-lIng or hereaher erected on the Property insured
<br />against Joss by tire. hazards included within the lerm "extended co\'erage", ilnd 'Ouch other ha.zards as lender may require
<br />and in s.u<:h amounts and tor such periods. .<u Lender may require; prtw.ded. that Lemler ~hall not require that the amount of
<br />'uch \,"Ovenae exceed fhal amount of coverage reqU1fed w pay the sum\ ~.curro hy rhts Deed of Trust.
<br />The insurance carrier pflwlding the insurance ...hall he t:ho~o r.\' Uorrnwer suble~l to appro\'~ll by Lender; pnwldeli.
<br />that aucb approyal shall nOI be unreasonably wlthheld_ AU prcmiu". 'IS on In:surance_ policies shall be paid in lht mMti:r
<br />pl'Ovided UDder parqrapb 2 hereof or, If not paid In .""h manner. hy Borrower malang pay~nl. when due. directly to the
<br />insuranee carrier.
<br />AU insurance poIi('ie$ and renewal~ thereof shall he 10 form a~("eptable to Lender and shall include a standard mongage
<br />clause in favor of and tn Conn ~c:-eptable to Lender. Lender ,-,hail have the nght to hold the polides and renewals thereof.
<br />and Borro'Wef shall promptly furnISh w Lernkr all rene~-ai !iot<<:t.-~ and aU r<<etpts o( paid premiUms_ In rhe event of loss.
<br />8orrowet. shail live prompt fl(Mh:-e to the Huura.rK.'e CilIf!Cr .HlJ l.ender_ Lender may make proof of fM"'j. If not made promptly
<br />by Borrower.
<br />Untt$.' Lender and Borrower othC'rwlK agree ill ~ntHl'" mSUfa:nce prt.xee-ds ~haU be appiied to restoration or repair of
<br />tbe: Property damaged. provided such r~tllrat.on Of rep~ltf 1"- C4.:0tl()mt\.'aUy feas.iblc and the ~l.lrity of this Deed of Tnl'St is
<br />not tbcrcby impaired. If such ra-t-OfaUon or repau ,~ not c-cOfKl;m~'OIU)' h~a~th~ Uf if the secunty of this Deed of Trust would
<br />he Impaired, lhe IOsura"".. prOl.-eeds .han be applied to the .un" ""'",ed by this Deed of Trust. wilh the excess. if any. paid
<br />to Born,l",'er. If the Property is aba.nJc.'me-d by Bono..-er. vr if Borro"'er fail\ to rt:).~lond to Lender within 30 days from the
<br />date notu.."C i~ malled by Lender 10 BorrO\VCf that the tnwra!l('c- cilnier ()l~~rs {o settle a da.;m (or insurarn..-e benefits, lender
<br />IS autbofized 10 ct.illcct and a.ppA.y t~ insUlanee pf()(.,<<d~ at Lender's option either to resforation or repair of the Propeny
<br />or 10 the IUtn$ secured by ,hiS Deed of Tn.tSI.
<br />Unleu l..cndcr and. Borrower otherwIK agl<<: It' woung, an~ ~LKh application of proceeds to principal shall not eMend
<br />or postpone tbe due date of lhe monlhly installment> rderred to to !'<lragr.phs I and 2 hereof or change the .mounl of
<br />such inmllment.. If under paragraph IS he"",1 the Proper!) IS .-qulIed by l.ender. .11 right. "tie and in'erest of Borrower
<br />in and to any insufance- pultcro and ~n Iind to the pr-Vl.:<<ds IherC'~t ~ulung from damaae to the ""ropeny prior to the sale
<br />or ~!J~tion shall paIS to Lender to the e~'cnt of tM iUms. ~ufcd by thtti Dc:oJ 01 Trust Immedlately prior h.l ~uch sale or
<br />aeqUlSllIOU.
<br />6. rr.en......... Il.....,...<< of Ptopuly; bMdMllds; Comfotai"'-s; Plaaaed Unit De.eklpmeals. Borrower
<br />shan keep the Prt:tperty In got\{]. repair oind ~hail n,"\( -,,:OO1Ollt \~"asle \.~! pcntlil UUpaifJtlent or delcdoration of the Propef1Y
<br />.Dd shall compjy with the proVl$t005 ot any lca5c .if ~bl! [)ecd of 'rrml is on a leas.e-holdc It this Deed of Trust is on a unit in a
<br />condominium Of a _ plan-nod unit de....elopmeot. Borro.wer s.haH per.torm. all ot Borrower's obligatiOl\s under the dec-Iardtion
<br />t..lJ' COVC:OU'ts creaun. or ""vuDinl the <:uodomImum or p4:.noe<l unit dc\'e1opment. the by~laws and regulations of the
<br />condominlIIm or planned unit development, .nd constItuent docu"",nts If. condominium or planned unit developmen'
<br />rider is _led by Borrower and recorded 'oðer "'lIh this Deed of Trust. the covenants and .greements of such rider
<br />shan be incorporated into- and shall amend and w.ppleme.nt the covenanh anJ agreements of this Deed. of Trust as if the ridel
<br />_'" a put hereof.
<br />1. PnraadJea _01 Le:eder'1 Secwity. If. Borrower fads to pe_rform the: covenants and agreements \:ontamed in thi...
<br />Deed at Trust, or if any action or proceedma i. conunenctd whICh matenaUy affect. Lender's intereM m Ihe Propertv,
<br />i~ but not limited to~ eminent dorwun. insolVf."nC;,. code c-nforcemen.t, or arrangc:menb or P'f'O'Ceedings invojving'.(j
<br />bankrupt Of t:Iccedeot. t~ ~ a' Leoder~i- tlption. upon noti" to Borrower, may make su<:h. appearan~.' dishurs.e su,,~
<br />~ and talte ~ &cbon 1;$ is DeCeSSaf)" to protect Lender's mier~.t. me-Iuding. but nO,t limited to. di,).bursem~nt ('I
<br />~ ~-$ f_ .00 entJ) upon.the Propeny to ma~e repau'S. If Lemler required mortgage tn:!ourance 3\ a
<br />~ of. ~J the loan ~ by this Deed of Trusl, Borrower .hall pay Ihe premiums requIred to m.mtam ,,,ch
<br />t~ in d8ct UAtJ1 suc:h tune fi the:- requiamenc for suc:h IflSunnct terminates in a.ccordance with Iktrrower'.s and
<br />l.....,.,'.. Wri_~. . . . or appliatble law, Bonower sh.n pay the amount of .11 mortgage inouranee premium. In tt.<
<br />-.. .~ !Ulder JSIfOIt'Iph 2 her"",/'.
<br />~ - diIlbw1Iod by l.ctlder )>UI'>Uanl to thIS pa.....r.ph 7. "11th Inler..t there"n. .hall be<:ome additional
<br />;."td,t .. of........... seeured by thilDeed of TlU''' Unleu Borlo"'er and Lender agree 10 other lerms "f pa~melll. ,uch
<br />~ oIIolIbe ~ upon not;'" from l.endcr to Bor"""e, r"'l_liog payment thereof, Ind shall bear 1010_' from the
<br />dale of ~(Ol the.TOIO Pllyollle from time to time on outstanding princip.l under lhe Note unklu payment "f inten.t
<br />Olllldl; nw: WIIIlld lie. CQtllfU)' t;; ~ l~w, in whIch event .".:h ..moun... .hall he.., inte",,' .1 lhe hillh",t ra,c
<br />~..... applicable law, NOIhtna .'OOtauled In thIS !'<lr.lTaph 7 shall reqUIr" Lender to incur any e.pen... or take
<br />11ft' _ ....~.
<br />L _~ -l.tndct may ~ Of ,<atde to be: made ~'8~ble- ~t~tflC'A upon .nd Jfl$p<<hOns. ot the Property. pHwid-cd
<br />:~~~~ ""h<e !>flur to .ny .udll..."""tiM spe,,,fYinJ reason.bIe ""..... theroI", related h, LCltder',
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