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I 83- 006070 l UNIFORM COVENANTS. Borrower and Lender covenant and -agree as ,follows: L Payment of Principal and Interest. Borrower shalt promplly pay when dflC the principal of .md intcrc'S(--'-O-n",.lt.e- indebtedness evidenced by the Note, prepayment Bnd ble charg<....' as provided in the Note, and the principal- of and-ln,t~resl--' on any Future Adv.lOCC~ secured by this Deed of Trust. ,_ '_ :._ 2. Funds' for Taxes and Insumo('C". Subject to applicable Jawor to ~l wrilten wnjver by Lender. __-Borril~~.(-}h.a:IL:_p_~y~-;- to Lender on the day monthly installments ofpriocipal- nnd h:l1crcst are payable u_oder (,he_.Note,; ~ntH l~~_-f"-~l:"J~)~~i~;,ifl_--Jt.,V'~_;_ a sum (herein "Funds") equat _ to onc.twe-Ifth of the yearly tax-cs am.! assessments_ which ~mrty, auain '_pr!ori~'Y::'~r>~~,~js:-_~; Deed of Trust, and ground rents on the ProperlY, if any. pJus one-tweIflh of yearly premium- hlstatlmcnts_'foT'.haZ~f1:df,i~-~Uta'n~~i:: pius one.lwcJfth of ye-arfy premium instaJJmcnls for mortgage insurnncc. if ally,_all_as reason.ably estimated _inh:i_anY:':~ClIld:((ron( time '0 time by Lenderon the basis of asse.~mcnts and bills and reasonable cstimale_s thereof. _ __--~ :_;--, . ,'_,--,,_;_-,,::>:,_;_:~:-_,-_:,_- The Funds shall be held in an institution the deposil.s or accounts of which arc ins~rcd or gU;lrtm,l:ecd;bY:i'_~--:-F;"_etJ(6l;ai)')I:';;:-/ Slate agency (including Lender if Lender is such an institulion). Lender shall-apply the, Funds to pay-sai.4- tax.c,s", aS~!i~e}t:~~-_- insurance premiums ;lnd ground rents.. Lender may not charge for so holding and applying Ihe FundS., anaJxz.i~~.:$ai~>_~~,?~~,I?,__~j or verifying and compiling said ::1sse~mcnls and bills, unless Lender pays Borrower interest 011- ~he-Funds-3!ldc:~ppJi~~J~~'l'~~,~_' permits Lender to make such 01 charge, Borrower and Lender m:IY agree in -writing _at the time.'of exccU1jon'::_'o~~~.:th_is' Deed of Trust that interest on the Funds shall be paid 10 Borrower, and unless such agrcemcrH is -~adc or applic.~bl.e_:'Ia~ requires. such interest- {O be paid, Lender 5h;111 not be rcq,uircd tll pay Borrower any inlcrest or cl1rnings-__on l-heiFuf\_9_s.,~~+-(::~_Qer shaH give to Borrower, wilhout charge, an annual accounting of [he Funds showing credits_and debits,_tO:.:lh(r'P-Q}l9_S-"-~nd:'.t.h~ purpose for which each debit to the Funds was made. The Funds are pledged as additional -security, lor the,'-'su-ms'-_-seeu,red< by this Deed of Trust. _ _' _, . If the amount of Ihe Funds held by Lender, IOgcther with the future monlhty jnstallmcnt~ of Funds, payable-'_ prlor---to the due dates of taxes, :Jsscssments, insllrance premiums and ground rents, shalt exceed the ::1n10unt requ~red:to pay;s.;iid,taxes. assessments, insurance premiums and ground rents as they fall due, such C.xccss shall be. al Borrower's opt~on.- cit,~~r~ promptly f~paid to Borrower or ;;rcdited to Horrower on monthly installments of Funds, If the amount.- -of -the-:,-'Funds held by Lender shall not be sllt1lcicnl 10 pay taxes, assessments. insurance premiums and ground - rents, as they f:iU 'du~~ Borrower shall pay to lender any amount necessary to n13ke up the deficiency with:,; jO days from the-:latc notice is:-mailed by Lender to Borrower requesling payment tnereof. Upon paymenl in full of aU sums secured by this Deed of Trust. Lender shall promptly refund [0 Borrower any Fuods held by Lender. ff under paragraph 18 hereof the Property is sold or [he ProperlY 1$ othcn.vise acquired by- Lender. Lender sh311 .apply. no later than immediately prior to the sate of the Property or its acquisition by Lender, any Funds- held .by Lender at the time of application as a credit against the sums secured by this .Deed of Trust. 3. Application of Payments. Unless applic.lblc law provides othcr\\'lsc. all payments received by Lender under the Note nnd paragraph~ I :!nd 2 hereof shall be a.ppiied by Lender first in payment of :lffiOllnts payable to Lender' by Borrower under paragraph 2 hereof, then to ini.crc:st payable on the Note, then to Ihe principal of the Norc, and then 10 inlerest and principal on any Future Advances. 4. Charges. Liens. Borrower shali pay aU la:\cs, assessments and l11ncr charges, fines and impositions attributable to the Property which may attain a priority over Ihis Deed of Trust, and leasehold payments or ground rents, if any, in the manner- provided under paragraph 2 hereof or. if not paid in such manner, by Borrower making payment. when due, directly to the payee thereof. Borrower shall promptly furnish 10 Lender ,iii notIces of nmotmts due under this par:tgraph. and in the event Borrower shall make payrncnl thrcctly, Borrower shall promplly furnish 10 Lender receipts evidencing sUl'h payments. Borrower shaH prompliy discharge any lien which has pnoflly (wcr thiS Deed of Trllsl; prOVided, Ihut llorrower sh>l.lI not hc required 1.0 discharge any such lien so long. ;1:; Borrower sh~dl ,agree in writing to the p~lymcnl of Ihe obligation $~cured ?y such lien In a manner acceplable hI Lender, or ~haH l/l gooJ fallh conlcst su(;h hen by. or defend cnfon;cmcnt of Stich licn Ill. legal pruceeding'!> which operate h' f"n.'ycnt lh..: cnforcem(:llt d' the lien pr fprfcllllrc of Ihe Properl}' or any pan thereof. 5. Hazard Insurance, aOrrl)\\~r shall keep the !tnpr\)\'cmenl~ Ill/\\' c.'\istlng or hereafter ereeled on the Property insu-n:J :Igainst loss by fire, hazarus included withitl !hc lam ''':'\;!eOl.k._i (\.\\Tragc", and such other hazards :IS Lender may rcqUlrc and in Mll.:::h 3mOunlS and for su..:h periods ~:... 1 cnJ..:r muy rcqulfl.:; pfnvidct.l. Ihat LClll..k'r Sh311 nl..\[ require Ihat the 3H'lOtlnt or such coverage e_\ceed that amount of covt:ragc rcqwr::d to pJ)' the sums secured by this Deed of 1 rusl , The imm.ancc carrler prlwiding Ill!.:" in'tlr;lIlcc ..hall be dw'\cn hy BNrow('r subjecI tl\ approval by Lender: provldcu. that such approval shall n{'t he unrcasonahlr withheld, All premium:;. {111 insurallce policies shall be paid in the manner 'provided u~-de,r paragraph 2. hereof or, If not PLl.lJ in sU\.:h manner. by Borrower making payment, when due. directly 10 lhe msuram;:c carner. AII- ins:urancc policies and renewals ;ht:"f..:of sh;)ll h~ in form a..:..:c-ptabk h' Lemler and sh<.llJ indudc a standard mortgage claustd in ra\'or of :md in form .lcct.'plabtc to I.cnJcr. LClId...:r :-.hall have lhe nght to hold the poliCIes .lnJ rcncwnls thereof. ;m4 fl.or~()wcr shall promptly furnish t.o Lcnda ;dl rl'ncw~ll Iw!tn::_, and ;lll n:cclplS ll[ p:lid prcmi:Jnl<;. In the event or los;s, notr('~ve.r shall give prompt notIce to t:le mSl.lrancc ";;'Irrl~r anu Lemler. Lender may make proof 01 loss If nul nude promptly by Boho,wcr. Unless- Lender anu BorrO\ver mherwi5c agree in \\ ritlllg, In~Htr,ln>:c proccc<.h "h..ll be applied to rCS!(H;:lIion or repair of (he ProperlY d3magcd. provided such rcslOr;lfi\)Jl or r~p<llr I" cl:(lnOll\ic~lliy I(';.l~lblc and the sC~tlrily of thIS Deed of Trust l~ not lhen::by impaired. If such restoration or repi.\ir is IhH c>.::on,-llllically feasible or If the sCi.:llrity of this Deed of T rllst would he impaired. the insurance pr~cceds shall be applied tll lhe SlIIHS se,::ureti by this Deed of Trmil. \...;th the. CX(C~s. if any, paid to Borrower. If the Propaty 1'-, abandnned by Bon-ower. or if B..)rr\lwcf falls 10 fCslh)nd to, Lcndc~ withm 30 d..IYo;, rrom lhe dale notice is mailed by Lender to Borrower rhat lhe Illsur:lnCC (::Jrncr otTers to SClllc a clillrl'l (or lllSllrancc bencfils. Lendl.::r is authorized to collect and apply Ihe insuran",-;~ prliceeJs at l.ender's l)ption cllhcr lo rcst0r.ltlon or repair of the Property or to the sums secured bv this Deed of Trllst. Unless Lender and Borrower otherwist" agree in writing, :lI1Y such application \)! proceeds 10 principal shall rwt extend Or postpone the due date of the monthly inslallmcnts referred to in paragraphs ! and 2 hereof or change the amounl oj such installments. If under paragnlph 18 hereof rhe Property i~ ucquircd by Lender, ,dl right, lille ;ll1t.l interest of BorrO\ver in and to any insurance policies and in ;\nd to [he pro,:ccds tner.:of resulling from damage to the Property pnor to the sale or acquisition shall pass 10 Lender lU the ~,\.tcnl of the sums ~cc:ured by this Deco of Trust immcdialel:l prior 10 such sale or acquisition. 6.. Pre$efvatiOQ and Maintenance or IJroperty; Leaseholds; Condominiums; l)lanned Unit Developments.. Borrower ,haU keep the Properly in gooJ repair ~Hld shall no! commit waSle or pt.:rmit impairment or dl.:lCrioralion of the Propert,' ;lnd shall comply with the provi$ions of any lease if this DecO. of Trust is nn a lc.lschokl. 1f this Deed of TruSl is. on .a unit in n condominium or a phmncd unit developrnent, Borrower sh:.l.il JX:r1orm .111 of Borrower's 1.1bligalions \lllder the ucclar:llion or C"o\'ennnls crea.ting or governing the condominium or plo:tonc:d unit devclopment. ihe by~h\ws anu regulations of the condominium or planned unil developmcnt. and cons:ituenI. documents. H a ,.'ondominillrn or planned unit development rider is executed by Borrower and recorded logt:lher with th~s Deed of Trust. the c(wcnants ;loJ agreemcnt:'. of such rider shall be incorporated into and shall amend and supplement :he covenants and agreements of this DeeJ of Trust ;ls If lhe rider Were a part hereof. 7~ Protection of Lender's Securiry. If Borrower Lads to txrform the covellants and agreements cpntuinc-J in :hi:.; Deed of Trust, or if any :lction or proceeding j" ;.:ommcncc:d which ma!cri;tll) Jtfcc!$ Lcndcr'::; interest in the Propen:,. including. but not limited to, eminent domnin. -insolvency. code enforcement, Qr :urangemcnts or proceedings inv<)h'lng ;! bankrupt or decedent, Ih<:::n Lender at Lender's option, upon notice to Borrower, may Ilmkc :.uch appearances, Jisburse s.uch sums apd take such action as is necessary to protect l.ender':) inlcn:s!, mcllldmg, bUl not limited to, Jisbllr:,cml~nt of reasonable attorney's fees and entry upon the Pro~rty 10 make repair.s. If l,cndcr required mortgage inSl!f,IIlCC ~l~ i1 conditiun of making the loan secured by this Deed of TrusI. Borrower ~h:dl pay the premiums rC4t1JJ'~d 10 m~\il1taill ~w..:h insura.nc:c in e-tT~Cl until sl.'Cn time as the fcquircmt.111t for such insuf;mcc tt'. 1ll111ates in ~Ic\."ordanct:' \\'i:h BOf:",1WCr'\ : i;J Lender's wriUen ag.reemcnt or applicable 1.1\'., BOHO\'oc'cr ~h<lli pay the :\!llOllnt or all mortgage im.\lrancc prcfiliUlm manneT provided under paragraph 2 hereof. Any amounts disbuf$-ed by -Lender pursuant to this paragraph 7, With in!crC:a thereon, Sh.ll! hCl.:omc addlll(;n;~: indebtedness of Borrower 5el;ured by this Deed of Trust. Utllcs~ Borrower and Lemler a!!.I"1:C to other terms of payment, sm~i. O\fl\t{\I,nts shall he- p3yabie upon notice from l.l:nJcr 10 Burrower requesting p;ly~ncnl Ihcrc('f. ;'IllJ \hafl bear Intcrc:s( (rOln Ihe datI of disbursement a-llhe rale, p.lyablc from 1ime to tin\\.' on \~uhtanding prinCipal unot'f the Note- unless payment l~f inlcn:st ~H such tatc wOUld be cl"mtfary 10 applicable l~~w, in WhiCh event sHch amounts Sh;l!l hear mtcre<;( ill Ow highl:s: r<llc per,mi$$ibJe- under ap-vlk.bi~ law., NOlhio!t l;opt;~ined in thlS paragraph 7 shall fI:l{une Lender to im:ur "ny c:q;~nsc l.lr t:ll,;e .ny u~ti~ ~r~undtt. 8. _'tl$Jte-c-tio-n~ Lender m-a)' m;3;kc or.\:"l;tU~ to be made re-U$lHlllble entri~:\ upon :md m<::rr:('IJ\:~n~ of the PropeHY, r.. ~1\'ldl'd ~h:al Lender shaH live UQrm\\'CI n0-1J~('; prf(}t to ;~!'l:y s.i~ch hu:pectj'(H1 I)pccif}'Ulg re~:Hmilbk Cl\.I~C: thcrdor .dtt(cd HI Il.:'nJe-r";; inteft:Jt in the Proncrtv. ',:-':; r c"_"-:'; -;\,,"'i