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<br />UN'FORM COVENANTS. Borrower and Lende?c?v;';;nl~~ ~Qe ~OIlOWS: 83- 0 (I 4 387
<br />t. PaymeBf of Prindpal """ Interes!. Borrower shall promptly pay when due ,he principal of and inlerest 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 M:cured by this Deed of T fllSt.
<br />1. ......... for Tom ... IJISIII'IlIICe. Subject 10 applicable law or 10 a wrillen waiver by Lender, Borrower shall pay
<br />to lender on the day monthly installments of principal and inreres( are payable under the Note. until the Note js paid in full.
<br />a sum (herein "Funds") equal to one-twelfth of tbe yearly taxes and asses-~ments whjch may attain priority over this
<br />Deed of Trust, and ground rents. on the Property. jf any, plus one-twelfth of yearly premium installments for hazard insurance.
<br />plus one..:-tv.-elflh of yeai"J'" nremium im:taUmenis for mortgage in~urance, if any. all as reasonably estimated initially and from
<br />time to lime by Lender on the basis of a.sse5Sment<s and hlll\ and re-d:sonable estimates thereof.
<br />The Funds shalt be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br />state agerlcy (including Lender if Lender is s.uch an institution). Lender shall apply the Funds 10 pay said taxes, assessments.
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds. analyzing sai.d account
<br />or verifying and compiling said a.,;;sessments and bWs. lIn~" Lender pays Borrower interest on the Funds and apphcable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the rime of execution of this
<br />Deed of Trust that interest on the Fund~ shall be: paid to Borrower, and unless sllch agreement is made Of applicable Jaw
<br />requires such interest to he paid._ Lender shall not be reqmred h) pay Borrower any interest or earnings on the Funds. Lender
<br />5haJl give to Borrower. with<<?ut charge. an annual accounting of the- Funds "howlng credits and debits to the Funds and the
<br />plllpO$e for which each debIt to the Funch was. made, The- Funds are pledged as additional security fOT the sums secured
<br />bY this Deed of Trust.
<br />- If the amount of the- Funds held by Lf:tlder. togettlcr with the future monthly installments of Funds payable prior to
<br />the due dates -of taxes. as.sessmenB. Insurance premiums and ground re-nts. \nall exceed the amount requrred to pay $~!d taxes,
<br />3S1C$S111cnts. insurance premiums ~md grclund fents ,IS they !.:tlf due. !o.uch excess- shall he. a.t Borrower's option, either
<br />promptly repaid to Borrower or ~reditcd to 8.orrower on monthly Jnstallment~ of Funds. If the amount of the Funds
<br />held by lender shan not be- sufficient to pay taxe.... as~~men(s. insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender an}' amount OIXcs.qry to make up Ihe deficiency within 30 day" from the date notice is mailed
<br />by Lender to Borrower requestins payment I~reof.
<br />Upon payment in full of aU sum..; \.t."Cured hy Inn Ot.--ei1 (it TnJ~L Lender ~hall promptly refund ~o Borrower any Funds.
<br />held by Lender. If under paragraph IR hereof the Propenv 1"0 ..oid nr In-C Property IS olherwlO'OC acqUlrc.d by Lender, lender
<br />5.haU -apply, n~ laler than immediately pnor to the '><lie t'I' !~ Property ()f its ;l(;qni~ltiOn by Lender, any Fund!> hdd oy
<br />Lender at the tune of application all 3 credlf agiurrst the ..urns \CCured hy this Deed of Trust
<br />3. Apptksdon of PaYIDfllIS.. \:nle":'S appfKahlc 1.1\\ r<<wlde\; t)ther'.\'lsc. all paymc,nTs recel\'ed by Lender under the
<br />Note and paragraph~ J and:: he!Ct,t wit be apptH:':d h~ Lcnda fin,[ In payment of amounrs, payaolc w L~nder hy Borrower
<br />under paragTap-h 2 mreof, then to intere'it payable on the N.)(e. !ht:n to the pnllclp:al of ~hc N~')tc. and [hen to interest and
<br />pnoclpal on any Future Advanc6.
<br />4. Chutes; I..... BOfTower shaH f,a:y ~H t~i\e". ~l\XC~'i;mcnh J.nd other charges. tines and lmpO-sltions aftrihtHable I(l
<br />the Property .wt>>ch may "nam a prionry over rhl~ Deed of Trust. and lea:o;ehoid payments or ground rent~, if any. in the
<br />manner provKied under paragraph 2 hereoC Of. tf not paid in mch OlJJ.nncr. by 8orrower making payment. when due, dlrecrly
<br />to lhe payee thcn:cL Borrower ...hall promptly fmnl"'lh tn 1 ernkr all notice.. of amount~ due under this paragraph. and in the
<br />event Borrower s.haH make- payment thIC1.'th-. Borr{l'\\'er shalt promptly furnish to r coder rect:'lpts evidencmg su<.:h payments.
<br />Borrower shal:l promptly di~hargc an)' h-en '" tHch has. pnority iY.'!;'f th!$ Deed 0.1 1 fUse provldt~d, (hat Borrower "haU m.lt be
<br />requu'td to diiol,:hargc any such lien M\ hmg Ii'> 8onu..'cr ..hall l:I!l.n.'c IfI \\on!ln/? tn (he payment uf (he ohhgauon 'SC"cured by
<br />~uch hen In a IDlIOMf ac;,:eptahte tn t cnder, or shali In gO{\It1 f;uth ~onlCSl -"ul:h h~n hy. t1f" I,lefcnu cnforccmenl of SUl:h hen in.
<br />les.1 pruceedlng.\- which operate to preycnt the t;nh'lrt.-cmC-'f!t ,){ roc hen nr forfeiture {II the Property or any pan I.hereof.
<br />S. IIaz::w4 I~. 8orIT"H,"f ..hail l.ap t~ tmpnw(Cnlt"f1I\ nt)\\- C\1!l.llOg Of hcreaher erCt'tcd on the Property U1sured
<br />A-gain$.{ loa by fite. h.a.zanh Hlduded wuhm the term "("\tC'l'Ilkd lovC'ra~en. and \u~h {.ther hat.anJ,- a~ l.ender may reqUIre
<br />.and in liouch a.mounts and for '\.tK:h penoli:\i .:i.\ I coder m;l~' re-qUlrt'; ptn""llkd. thai l.t:nJcr ,hall Ol\{ requlfc that the amount (..j
<br />1tlch co\'erlllc c:\cced fhat ZUl\c;l\JQ( o( cl,)'o:cr.:!g:e H.'qUJfCd In ray lhe \Unh -s.t."\.:ur<<J by lh,,,, Dt-ed 111' .Trust
<br />The int-urlln,c carner providing the tn'wr-an-':t' "halt ~ dH~wn t>v H~\fr(~~'t'f ~l.lh!c\.'l In approval hy I cnder. prOVIded.
<br />that such approvaJ shall not he Ul1f.ca~.blY wuhhdd. AU preflHUm,. on Insuram::e. poi,lci-n shall be p.ud in the manner
<br />provlded under puaarapb 2 heteot or, If O()t pond to !>LKh m...nner. hy BonQWcr mak.mg payment. when due. directly to the
<br />l~ carrier.
<br />AU Ins-uramx pohclct and 'e-ne......h. thc'~(.}1 ,lull tle In fdl m a;.n:-I'table 1>1 I.ender and shall mdudc ..I slandard mOHgitge
<br />daWiC U'\ fa'Vor of and in (..-'m\ ii-i.:~('put\ie II) I_ender I l:"dc:. \haH h,;,"o'c the fl~h{ {O holJ the pohcie\ and ren~w<t15 Iherct)L
<br />and BormW'Cf ~haU pr\wnptiy iljfn~h td t enocr .)JI r-cnc\io'!l nutn;-n dud aU fCl;t01rts n( p;uJ prcmnHn~ In Ihe event of 10"".
<br />I:lorroWCf shall gt\'-e prompt nohce 10 the Hl'ut.m~e ...J;Hln .HI-J J.enJer. I endcr m~\'- make proof of h)$.~ II not made protnplly
<br />by Borrow,:r
<br />Un~\ Len<:icr and Borro","cr Hthef~U(: .lrt~e U) v.-fllIng. !fl'iUf ~Uli.:C pH1o.:t."\:ds ~hd.IJ ~ apph~d In tc\hJration or repalf of
<br />lhe Property danl.&JCd. i;"h1\'tded ~uch le'!i.HU.Ilt!t.)(1 of fCp.Uf t\ t.'...'l;l-nt.1nl1..:aHy tC"~fble.,.Hld lh-c se~tlrlty of' 1h:... Deco \\1 TrwH 1\
<br />not tbe~y impaired. if s.u(:h ~(orahOn ,>r (('.p.UT 1\ Hul ~il,.mt.mu'i..;aU). kaMble \J( It Ih~ !')c":Wlly of Ih" Deed of -f rust wil,'lllld
<br />be impa.rcd.. the- ilWJ.r.ln<.:e pt',-x~ !1u11 be appfie'J to the :\unb 'i-('4.:ured by thl~ Deed of Tru\t. wilh the execS-..". It any. paid
<br />10 Borrower., 1f the Property t1i aW-.ndlmeJ by 80fU)'WCC, tlf if DoH!.'....:r i;.uk to respond to Lenckr withm 30 days from the
<br />date- notlCe: is matled by LCllfXf to- Borro~cr that the Il-UUI-ilOCe ;';:.Jfner oller'\ (0 settle a i..;lalm tor msurame oonefiH.. LentJer
<br />is af;lthorized to -e(,)[lor;l and apply the inwra:",C" phX:ceds at Lt'odcr'5 ()pIIOn ellher to rt~torafion or repair of the Propeny
<br />Of 10 the .urns _ured bv thi> DeW of Trust
<br />Unleia LeDder and Borrower .,:uhc:rwlS<' ili-fee In ..,rlling. any )~h apphcalu,:m or proceeds to princIpal shall not extend
<br />~r pottpone the Jue dale of tbe monthly in\.l-aJ~mel1c~ referred 10 '" pantgraphs _I anu 2: hereof or change tht.> amount of
<br />such im.taUments. It under par.lf.ph 1 K bc-t-eol the Property" :K-q-o",ed b~ Lender. all fight. title and tnfcrest of Borrower
<br />in and to any imurance policies and in anJ to lhe pr,-x~ed\ (heft'of ro,ulHfig !rom dama,e lO the ProperlY prior 10 the s.dt:-
<br />or a-cquis.uion IlhaU pa$S to utWet' 10 the ('\Icnt l~f the ~ums ~ured by thts l>eeJ ot Trus.t Imn'M:dlalcly pflor to !;ouch sale or
<br />acquisition,
<br />6. r.-.........~. of """"fly; 1..--......; ConodoJlal.u..m.; PIaR_ Unit De.e1op_Rl.. IWnnwe,
<br />..hJ.!t l.ccp the Pn.")pe-ny In gooJ f'CP-4tl .\lad ...hail fh)l 1,..:)fTHlut ":iSh' tll p.:rnlll unpatrffic:nl or dCICI'H\ralilm of' the Propocrty
<br />dnd lbaii comply with the provi$k"lw of any k.uc if tnl' ()eed {If Trust IS on a lea~hoiJ. Illhl51 Deed of Trust is on a unil in a
<br />'i..\.'lndormniU01 or a planned umt \kYdopmen[, Borrower s.haH fJ('rJorm all of fk-..rrowcr's obligations unJer the declaralion
<br />Of ~O'\'(nantj cR-:ttin& (.\f governing the con<k1-lU-mium -Of rhtnned umt development. the h}..laws and re-gula1tons of the
<br />i..--oodom-inium or planned urnt deveh.-,p-mem, J;nd r.:omtHucm docurne:nh_ If a cOfuJOOlinium or planned umt devell,lpment
<br />nder is eXOl.'Uted by Borrower and ~ordeU together vnth thl:'lo [Xed t,r fruSL the (oYen..o.s and agtecmenb ()f such rider
<br />.sh&Il be .n-cor-po,ated tnto and shall a~nd and 5-uppkmcm lhe ~ovenanh .and agreements of thiS Deed t)f Tn.ht ;... If Ihe nder
<br />were. put hereof.
<br />1. ...d.... 41 ~ Securib~ Jf Born,l'..er faIil t~J perform the ,"ovcoanls OlnJ agreement5- contained in this
<br />Deed of Tnat~ Of if .any actiO:A or pr~ding is (omrnen~:cd which m.luenaHy atfect.'S Lender's interest In the Proper1)',
<br />Hldudi~, but not limited to, c--rrnnen! domain.. in,-'tol'weocy, code eflforc-e~nl. or arrangemefU.s l\f proceedmg!t in'iolvlfig ..1
<br />bankrupt. or ~. fhen under .at Lender's optiun.. upon no-tit.:e ti) Borrower. may make slK:h appearances, Ji,buf\C ,>u...:h
<br />"unu. and take:- such iKtlOD u i-s nr:.cnury to pTOk(:[ Lender's lote-rbf. lfidtldjng~ but not hmited to, tli1i.bur:'>('l1lc:nt pJ
<br />~blo -lIttorocy'.s. fees and entry_ upon (be Property to ma4 tep.un. If l,e:ndcr required mortgage in.s-oranl:c a\ a
<br />~ of mUm, the: loan ~uted by thfs Deed of Trust, Borruwer "halt pay lhe premiums re-quired to maUlt.un ~u,h
<br />f~ in -e-ffect uatil such time a.\ tbe reqwr-cmcnt for $uch insu.nmce termlmuel) in ac-cordu.~c wilh Borrl)Y.-er'~ anu
<br />leodet'I-_vnlm-n aareemont Of' a~bJe htw, BorT~r ihaH pa:r the amount uf all mortgaee im;urance premiums, in the
<br />__ provide4 "ndet Jll'l1I&lIpb 2 bem;lf.
<br />AaI. ar. _.. U di&bunc4. . by. tc~r IN.- BWI,nt_ to thi$ p-.araj.f-aph 1, with irHereM tnenon, shaU becvme addtlu,mal
<br />~ of Bonuwct 5;CC;'\ited by this Deed of Tr-w.L \Jnlt'Mi Borrower and Lender <1&fCC' 10 other ternu of paynlcnt. Slk:h
<br />~ tlIallhe I'llfabk "I"'" ~ Iron> le_ 10 Bort_e, re<lucsung payment lhe,,,...f. .nd ,h.1I be"" "''''rest (",", 'he
<br />date <Jt.4ldIl.--"ld al fho_ P&1<1h1c /rum time to time (In. c>Ubt.ndmg principal under the Note lIl1!<os' payment <.[ i"'<....1
<br />g _~ r~ ~,_M, CMt-cary ~o .~.bk law. i~ whkh evem '!.nd\ aiOOunh :iOha-H bear mt-tl'est at (he t'llgh<<r rate
<br />~ """'" appllUbIe law. Nollullg conlaioed .n ,ni. para.raph 7 ,nail requll< Lender to ,"cor any expense or take
<br />""1 ao&ion hot-.Ioii.
<br />t. ~ tQ40t ruy mU. Of .',...... 10 be olade ..."""noble entr"" "poll .lId ''''I'C'''l<l''' 01 .h< Property, l"""ded
<br />tllAll~ man p'. l\Qrroooer not.... prwr to any .""t.. 1~1I"" ,pe",fY"'J '-"""lIable ~.._ therefor relate.! I"~ Lend...,
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