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<br />83-0(15802
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<br />UNIFORM CovENANTS. Borrower and Lender covenant and agree as follows:
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<br />1. P.'- of PriBdploI .ad Inlerest. Borrower shall promptly pay when due the principal of and inter...t 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 Futuu Advances secured by this Deed of Trust.
<br />%. FlUIds for T_ nnd 1_. Subject to applicable law or to a written waiver by Lender, Borrower sball pay
<br />10 Lender on the day monthly installments of principal and interesl are payable under Ihe 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 one~twelfth of yearly premium installments for hazard insurance.
<br />plus one-twel.fth or yearly premium installments for mortgage insuran-ec, 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 Ihereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal' or
<br />'Iate agency (including Lender if Lender i. such an institution). Lender shall apply Ihe Funds to pay said laxes, assessment..
<br />insurance premiums and ground rents, Lender may not charge for so hoiding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessments and bills. unle!>$ lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in wriring at the time of execution o. r this
<br />Deed of Trust that interest on the Funds shall be paid 10 Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shall nN 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 />pUrpooe for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by Ihis Deed of Trust.
<br />If the amount of the Funds held by Lender. together with the future monrhly installments of Funds payable prior to
<br />(he due datc-s of taXe5. assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments. insurance premiums and ground rents as. they fall due. ~uch excess shall be. at Borrower's option. either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of lhe Funds
<br />held by lender shall not be !ufficient to pay ta:xe.o;" assess;ments. insurance premiums and ground rents as they fall due.
<br />Borrowt'f shan pay to I.ender '-'ny :Amount necessary 10 make up the deficiency within 30 days from the dale notice is mailed
<br />by I..endet to Borrower requestlDg p.ym<nl thereaL
<br />Upon payment in full of all sums secured by thIS Deed oi Trust. Lender shall promptly refund to Borrower any Funds
<br />held fly Lender. If under paragraph 18 hereof lhe Propeny I.. sold t1f rhe Pra:perty ls.o.!herwise acquired by Lender. Lender
<br />shall apply. no later than immediately pnor to the sale of the Propeny or Its ~tcqulsltion 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. Appticaden of Payments.. Unless applicable law proVide" otherwise. all payments received by Lender under the
<br />Note and paragrar:l\ I and 2 hereof shall he applied by Lender fir\l In payment of amounts payable to Lender hy Borrower
<br />under paragraph... hereof, then to Interest payable on the NOle. then TO the prinCipal of the Note, and [hen to intere-st and
<br />principal on any Futur-e Advances
<br />4. ChHln; Lieu. Borrowr:r 5haJi pay 311 {axe... ;:tsseSSmClIl\ iHHi Nhcr charges. fines and Impositions attributable to
<br />the Property which may attain il priority ovt'r this Deed of Trusr. and lca-..ehold payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof nf. If not paid in s.uch manner, by Borrower making payment, when due. directly
<br />to the payee thereof. BoITO\\'er :'ohaH promptly htrnt..h III Lender aU notice'\. of ;"mounts due under t~is paragraph, and in the
<br />event Borrower shall make payment (hrectly. Borrowe-r shall promptly furnish to l.ender re-eelpts eVIJencll1g such payments.
<br />Borrower shall promptly dt')Char~e any lj~n v.hl\2h ha\ prH.1nty lwe,r {hl\ ~cd of TruM: provided. thaI Borrower shall not he
<br />requm:d to discharge any s.w;:h lu::n '\-0 long :I'i. Borrower "hall a~ree In wrllmg to the paymenl (}f the l,)bhgallOn secured by
<br />'iuch lien in a ntanrn:r acceptable H' Lender. ..If shall nt good huth COOlest "u~h hen hy, or ddend cnfon:cmcnl of slIch lien m.
<br />legal pnx,'eedings which operate h) pre-vent the t:ntorcemenl III the hen or forfeiture of the Property or any part [.hereof.
<br />s. Hazant I~. Borrower shaH keep the :mprr)\'cmt"nts 1ll1~. c\lstmg or hereafter erected on lhe Property Insured
<br />against loss by fin:. hazards mcluded ",-ithin [he lerm .'e'u;~nded ..;ove-nlgc", and such other hazarJs a~ Lender may require
<br />and in such amounts and for ~uch period! ii'i. l.ender may rcqum:: prOVided. that Lender shall not require that the amount of
<br />,uch coverage e_C\ceed that amount l..)f coverage reqlllred to pay the sum.;; secured by this. Deed of Tmst
<br />The insunmce carner PfCl\!Iding the insurance "hall he t:h{.....cn hy Hnrr-ower SUfqcl.:I to approval O\' l cnder: proVided,
<br />that such approvai shaH not be unreasonably Wllhhdd All prem!Um~ l'n IOsuram.:c_ policies shall he paid In the manner
<br />prOVIded under paragraph 2 hereof or. If not paId III !l-u~h manner. hv Borrower makmg payment. when due. directly to the
<br />Insurance carrier.
<br />All insurance polIcies ..nd ~ne~ab. lherc,-~! "hall he H1 form a;,;.:;cplahie h) Lenuer ,md shall mclude a standard mortgage
<br />clause in favor of and in iorm 3;l.::cep!;)j).le to t coder. tender ..hall have the light to hold the poliCies and renewals (hereof.
<br />and Borm"t''V" shaU promptly fumis-h It) lender ;lJi n.'uew"l llol".:e.. and at! rcCelp!~ of paid premiums. In the event of Jo~s.
<br />Borro'04-v $-hall gtve prompt notice to the Hl-surani:C >..~tfner and l.cnd~7r Lender may make proof of los.. If nOI made promptly
<br />by Bo-rro.."e:r.
<br />. Unless Lender and 8ocrower olhcf'\'\.'I:K: agree In \.~ ntlng. lO'Uf .1O~:e prt'~eed~ "hall he appiled to rC'itoration or repair of
<br />lhe Property damaged, pro'o'uk-d :;.w..:h fC'!-lorall\ln uf rep,:lIl 1'-' n.tJflomlcally iC;J\lblc .1Ild the :M:'~utiIY of thiS Deed of Trust I:>'
<br />Ilot thereby impalred_ If such reltDl ahon or r~palr I" fh){ t'"...:nntmw.:ally ka\lble or Ii the "cl.,'urlty uf thi.. Deed ot Tnlst would
<br />be Impaired. the msuran~e Pf(xttds. \haH be a.pplled h." the !.t1ms. ~ectJfed hy thiS Dc-ed t)f Trust. Wllh the exeC's"" If any. paid
<br />to Borrow~r_ If the Property I-!> abandoned hy Borrower. \,It II Hnrr(,wer 1.lIh 10 respond 10 Lender wllhin 30 day' from the
<br />date n-Oltcc j~ mailed by Lender It) Honowcr lha.t the IIH..uraftt.:(" C<!H1C"f oller, II,) s..:ttle a dalm tor m\uram:c henefiT.... I.cnder
<br />l"i aUlhorlud to coltect and apply (he lOwrane.: proceed, at Lender's option either to restoration or reparr of the Propeny
<br />or to the 'u,," """wed by In;' Deed of Trust.
<br />U~i('U l.(~r and Borrower otherwJse ..g.ree 1I1 "'THins, all~' ~och apphCallOl\ of proceeds to princip;tt shall nOI exlend
<br />c.r postpone the due Jato:: of t~ monthly In'Sta.Hmenls referred I\J In paragraph'!! 1 and:! hereol or change the amount 01
<br />~uch mSlaUmcnts.. It under paragraph I~ hC'rCi.,j" the Property IS ;lc~\ured hy Lender. all nghl. title ,tlnd interest 01 Borrowcr
<br />10 and t~ an}' Insurance polica~s and 111 .md to the pnl\:el:ds thcn~'oJ r~uhmg from d~mage.w the . Property pflor to Ihe :o.;iic
<br />~~r ae:qut.$ttion -shaU pass to Lender 10 the e_\tr:nl uf the SUf:'l~ s.ccured b~' thiS [ked ot [rust ImmedHately pnor to such ~ale or
<br />acqUlSitioD_
<br />6.. PnRnado.. IIIId MalatellallCt of Propen)': Leurho~ Condominiums; PlanMd Voir llevelopments. Borrower
<br />...hall keep the Property In g\}(~ rep;.ur ...:no ~hail fh"( d'nHllll .....aslc ~\r pefmil Itnp;.lIHnCnl tlf dCIl:W'ratiNI ,)f the ProperlY
<br />and man C-Of1l.piy with the pro'\'isions ot ...ny kl1$C If thiS Deed ~lf Tim.! :~ on a leasehold. I( this Deed of Trust is ('Ir1 ~l unit Itl a
<br />condommium Of a planned unit develt.pment. Bo-rro\o\o-er shall pedorm ;.III nt Borrower's obligations under the declaratIOn
<br />\-.)i 'ovcna.nr~ creating or governing the condomlIuum nr pl.:tnned tJnI! development. the by-law:s dnd regulations l..t the
<br />..:-?ftdominlum or planned liml development. and ((HlstIHrent documenh: if a (oOlkmlinivrn \'''r planned unit d.c\"clt..pment
<br />rtdtr t$ ex.ecuted by Borrower and recorded togeth<':r wilh thl~ [)eeU 01 rrU'if. the ~~ovcnants and ~lgrecl1lcnl\ III Soucn rH.lel
<br />s.ball he tOrorporatC'd .into and s.hall amend and :!.upplemcOl {he l;()venanb aud ~~greemenb of thiS (A~d (,f Trust <1>; if the nJer
<br />_re a part hereof.
<br />7. Prececdaa of l-eeder's Security. If Borrower f.llh to perform the covenants and agreements (ontamed in thi...
<br />Deed of Trust, ~ i.f any action or proceed~ng _l""i commenced which malcrialiy affecls Lender'\ intefe-~t In !he Property,
<br />mcludin&- but not limited to. emtnent domain, tnIDivem:), -code- enfon..:'cme:nt, or arrangements or piOl..'ccdmgs Involvmg a
<br />bankrupt or d<<edent. then Lender 301 Lcnder's option. upon nOlice !O B()rrower. may mlll\e -such appcanmces. di~hur~e ~uch
<br />sums and rake such action as is n<<essaT)' to PfQICCl Lender\. iOttrot, indudlOg. hut not hmikd to. dlshur~...~ment 01
<br />~bte Attorocy', fees aDd entry upon ,the Property to make repairs If l...cnder requued mortgage IllSUfal1Ce ~l" a
<br />c-ondirio-n of mAkinl U\e loan secured hy thn [)eed of Trmc Borrower shall pay the prenllllms reqUIred t{1 m.untaln "u..-:h
<br />mlur.nee 10 dtect unul s.uch time as the reqUirement for such mtiUlant.:e tenntnau::~ 10 accordan-ce wlIh Bl..lrrower'... anJ
<br />Lender's wnUCn a31e:ement or applicable law. Borrower :\-hall pal' lhe amount (l-f all ITkutgage in,;uranc-c pr("miumos In th("
<br />man_ provide<! under parqraph 2 hereof
<br />Acy unotmts disbutwd hy L~r pu-nuam to thiS p.ara.graph 7, with Inh:r-e5( thereon, "hall hecQme additIOnal
<br />imiebtedneu of Bot_rower .-ured by this- Deed o.f T.rus-t. Unless Borrower and Lender agrtt to other terms ol rlltym-t"Ilt. 'iUdl
<br />~moun-tI $ball be payable: upon notice from tender to BurrowC'r re~Ue5ling pa)'f11Cnt lberent. l'tnd shall hear lI\teres1 from the
<br />dale -0( ~t 11 tht- rate payable ftom time to tj~ (.'0 (11.Jt'Uanu-ing principal under the Note untels payment ('If inlt:rt'1l
<br />a1 MICh_ rate would be_ contrary to apphc-abJ.c l~w. in *hich event ~Hch amOUnl<\ '1-haU ~ar tnterc'\t at the hlgh"1 ratt"
<br />~ WMief .pplicable law, Nothina conhuned 1\1 lht!l. par-aaraph 7 ..haH requlre L.ender to Ifl\:'ur aoy eXpc:':nJoe or take
<br />8flY_~.
<br />I. I~ Lender m.y male tlf \:au. t-c be m1lldc rf:.aktnabk Crlt.rte'J. UpC.ltl and In\pe\..'hOO' ot the Pro-pert", PW\'hJ-e-d
<br />thal_ l.e... di.alJ ane Botr-t:1Wfl h1.XKC ,,1flQ1 10 tlny )iuch Hl:lp:~:tIO" ipc..:ifymg re:u\-mattlc l:.alnc theretor rchtt-ed h1 tt'!Hje(,
<br />f~ Ui the Pro.,,:w
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