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<br />UNIFORM COVENA.NTS. Borrower and Lender covenant and agree as follows:
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<br />I. Par-nl of Prinri.... and Inlerest. Borrower shall promptly pax when due Ihe principal ".f and interest ,on the
<br />indebtedness evidenced by the Note, prepayment and latc charges as provided In the Note, and the pnnc.pal of and mterest
<br />on any Future Advances secured by this Deed of Trust.
<br />1. Fu_ for Tn.. and Insu...n.... Subject 10 applicahle law or to a written waiver by Lender, Borro~r ~h~1 pay
<br />10 Lender on the day monthly installments of principal and interest are payable under the !'lote, until th~ Not~ t~ palo 10 fulJ.
<br />a sum (herein "Funds") equal to onc*twclfth of the yearly taxes and assessments ~hlc~ may aUam pnoflty. over thiS
<br />Deed of Trust, and ground rents on the Property. if any. pIllS one.lwclfth of yearly premIUm Installments for hazard Insurance.
<br />plus onc*lwelfth of yearly premium installmcnt<: for r.>ortgagc 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 e~tlmatcs. ihercof.
<br />The Funds shall be held in an institution the deposits Of accounts of which are Insured or guaran!ced by a Federal Or
<br />state agepcy (including Lender if Lender is such an institution). Lender shaH ap~ly the .Funds to pay satd ta~es. as.sessmcnts.
<br />IO$UranCC premiums and ground rents. Lender may not charge for so holding ano applymg the Funds, analyzmg sal.d -account
<br />or verifying and compiling said a.ssc~ments and bills, IInles.s Lender pays Borf(~wer l'.l~ercst on the .Funds and aPl?hcablc la~'
<br />permits Lender to make such .a charge. Borrower and lender may agree In writing at the t.'me of e)(ecutl~n of thiS
<br />Deed of Trust that interest on the FlInd~ shall be paid to Borrower. and unless sl~ch agreement .IS made or applicable law
<br />requires such interest to be paid. Lender shall not be rcqui':Cd to pay Borrower any mtcres.t or earnm~s on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accountmg of the Funds shOWing Cn::~lts and de~lts to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by ,his Deed of Trusl. .
<br />If the amount of the Funds held by Lender. together with the future monrhly installments of Ft~nds payable pnor to
<br />the duc dates of taxes. assessments, insurance premiums and ground rents, shall exceed the amount required to pay .sald t~xcs.
<br />assessments, insurance premiums and ground rcnts as Ihey fall due, such excess shall be. at Borrower's opl1on, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shall not be sufficient 10 pay taxes, assessments, insurance prcl!'iums and ground rents as th.cy .fall ~ue.
<br />Borrower shall pay 10 Lender any amount necessary (0 make up the deficiency Within 30 days from the date notice IS mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in fuli of all sums secured by thiS Deed of 1 rusl, Lender shall promptly refund (0 Borrower any Funds
<br />held by Lender, If under paragraph 18 hereof the Property is fooJd or the Property IS o.therwise acquired by Lender. lender
<br />shall apply, no later th::.n immedialcly prior to the sale of (he ProperlY or its acquislIion by Lemler. any Funds held by
<br />Lender at thc time of application as a credit against the sum.. secured by this Deed of Trust.
<br />3. Application of Payments.. Unless applicable law provides otherwise. all payments received by Lender under the
<br />Note and paragraphs I and 2 hereof shall he applied b). I coder first In payment of amounts payable to Lcnder by Borrower
<br />under paragraph 2 hereof. then to interest payable on the Note. Ihen to the principal of the Notc, and lhen to inleresl and
<br />principal on any Future Advances.
<br />4. ('h.~es; IHN. Borrower 'ihall pay all I;nc... .I...sc'smcn.... ;Jnu lllher charges. fines anll lmposi(ions allrihutnblc 10
<br />(he Property which may attain 3 priority over Ihl~ Deed of Trust. and leasehold payments .or ground rents. jf any. in the
<br />manner provided under paragraph 2 hereof or, if not paid in slIch manner, by Borrower making payment. when due. directly
<br />to the payee thereof. Borrower shall promptly furnish 10 Lender all notices of amounts due under this paragraph, and in the
<br />event Borrower shaH make payment tluedly. Borrower shal~ promptly_ furnish to Lender rec7ipts evidencing such payments.
<br />Bor~wer shall promptly discharge any lien which has prlorllY over thiS Dc~d of Trust; prOVided, that Bor.rower shall nol he
<br />requucd 1.0 discharge any such lien so long as Borrower shan agree In writlng.to the payment or the obhgation secured by
<br />such lien 10 a manner acceptable 10 Lender. or shall In gooo J:llth <:onlest SH(..'h lien by, or defend enforcement of such lien in.
<br />legal proceedings which operate to prc"clll the en(orL'cment of the lien or forfeiture of the Property or any pan thereor.
<br />S. Hazard lasuraace. Borrower ,,-hall t..eep (he Improvemenls now C\lstlne or hereafter erected on the Property insured
<br />again~( loss by fire, hazards included\', ithin the Icrm .'c\tendeJ cov~ragc". and such other hazards as Lender may require
<br />and 10 such amounts and for 'iul.:h pcfl(lds ,3, LenJer may rC4U1rc-; proVided, Ihat l.ender shall not require that Ihe amount of
<br />such coverage c.\cL'Cd fhat amounl of LO\'cr:lgc r;:~l\lrcd Itl p~ly lhc sum, sccured by Ihls Deed of Trust.
<br />The insurance carrier proViding the 1n\\lfanl.:C ...hall he ..:hO'.cJl by Borrower subJccl to approval by Lendcr: provldeJ.
<br />that such approval shaH not be unreasonahly wlthheld_ All premiums on insurance policies shall be paid in the manner
<br />provided under paragraph .2 hereof or. If no~ paid in such manner, hy Borrower making payment, when due. directly to the
<br />insurance carrier.
<br />AU msurance policies and rcne~ab. thercol !Iohall he In form a~'cplablc 10 Lender and shall include a standard mortgage
<br />clause in favor of and in form act,.'t:ptablc 10 Lender 1 coJer ~hall have the ught to hold Ihe policies and renewals thereof.
<br />and Borrowc:r shall promptly furnish III Lender all r....newal nOllce.. and all receipts of paid premiums. In the event of loss.
<br />Borro'ft-er shalt give- prompt notice to the ltlsurancc ;':.irfler ~nJ Lender. Lcnuer may make proof of loss if not made promplly
<br />by Borrower.
<br />Unles.. Lender and Borrower other\4rlsc agree m wflllng. lO!\urancc proceeds \hall be applied 10 resloration or repair of
<br />lhe Property damaged. pfllViued such reSlOratwll m rcp;ur I'" CI.:OlhJmu.;i.llly feasible ,md (he M:L'lIrity of Ihis Deed of Tnlsl ,..
<br />not thereby imp;urcJ. If such restoratllm or rep.ur I'" Illl! c!.:l1nomi!.:ally fea"lblc llf Ii the ..ecurity of Ihi., Deed of Trusl would
<br />he ImpalfCl..1. the IU"lH.IlI\:C priXced\ sh~ill he applied h) the \Unh s-c\,.'urcd hy Ihis Deed or Trust, wldl the c.\t.:c!'o"i.. jf ?i1Y. raill
<br />to Borrower. If lhe Pruperly I" abandollcJ by BDlhlwcr, ,lr jf HlHh)WCr rails to respond 10 Lcnder within Jil day~ frr., .
<br />date notice j<<; mailed hy Lender t.o BOrrO\\CT Ihat lht;: lll~urancc ~arr . otfen to settle a claim for insurance benefits. Lt;
<br />is authorized to collect and a.pply the insur~Hlce plU\:l."tds ;Jt Lender's oplion either 10 restoration or repair of the Property
<br />or to the sums. secured by this. Deed of Trust.
<br />Unless Lender and Borrower otherWise :1gr<< III Writing. an~ such application ot proceeds to principal shall not extend
<br />or po.stponc the due date of the monthly inslat1men(~ rdcrrcd to In paragraphs I and 2 hereof or change the amount of
<br />~uch Inst;jllmc~ls. If under .paragrap~ IS hereul the Propcnj 1'\ aCl.{uired by Lender, all right, title and intereSI or Borrower
<br />In and to,3:ny Insurance policies and In and to the. proceeds lhercor re~ulhng from damagc.to the.Property prior 10 the sale
<br />or aCliursltlon shall pass to Lender to the ~\.t~nt 01 the SUn1\ ~ccul'ed b~ thl~ Decd of Trusl Immedlalely prior to such SOlie or
<br />acqUisition.
<br />6. Pruenation .and ~talate-aam::e of Properl); Lea~hold!lo; Condominium); PI~nned lJnit Oenlopmcnls. Borrower
<br />,h.dl keep the Ptopl.:rt~ In gO\.l~l_ repair .Iud ..hall IhJI i':(lrnnHl "~\h..' llr pel ml( jmp~,irmel~1 or Jctcrior.llion l~f the Prop~rlY
<br />,lOd shaH comply ""Ith thl' pn)\'I~I..m~ \.1 .my lease If thiS Deco of rW'!ot l~ nn;J leasehold, ft thi:. Deed of Truslls on a unillO tI
<br />(OndOnllnlum llf ;1 planned unll development, Borrower shaH pcr10rm all of Borrower's obligallons under the declarallon
<br />or cove':13.nb crcalmg or govermng (he .:ondominium or pL.lIlHCtl llnlt developmenl, lhe by-laws ano regulation.. of the
<br />~~ndommlUm or pbnncJ unit development. and I.:onslllucnl documeno.. _ If II l;ondominium or planned llnlt developmenl
<br />nder IS executed hy Borrower and rel,:ordcu hJgcthcr ~ Hh thl!lo DccJ 01 I rust, (he t,;o\'cn~Ulls and agrecmcnl~ of such rider
<br />shaH tlC HlcorporatcJ 1010 and shall aOlt:::nd and suppicmcnt the ll.l\cllanb Jill! agreements 01 thIS Dl'Cd 01 Tru~t a~ if rhe riucr
<br />were a part hereof.
<br />7. . Protection .of Lcnde~'s Securi'l. If l:JorroYt-cr fad... In pedorm the covenants and agrL"ClOcnls. \':ontamcd in thi...
<br />Deed ~t Trus.t, or It .any aclton or pro-cced~f1g .IS commenceu whh:h Illall;nally alfcC"l~ Lcnder\ interest in lhe Property,
<br />IficludlOg, bUI not llOuted ~o, cnllncnt c~mam. JIls-olvcnq, codt; cnlorccmcnl. or arr~ngcrnellb or proceedings il1\'olvillg ;\
<br />bankrupt or decedent. lhen Lender at Lender's option. upon nOlle\! to Borrower. may make such appearo.lncc\, lbhursc MKh
<br />sums and take such action as is necessary (0 prolc-ct Lender";, 101crcM. Including. hut nor limited to. disbur\cment oJ
<br />reaso.n,ablc ;Ulom~)"\ fa'$ and entry upon ,the Property w make rcpair~. If Lender rC4uired mortgage in~ur.lO<':c a\ a
<br />~ondlhon ?f making t~e loan ~ured b}. lhls .qeed of Tnl5l, Bor.rower shall pa~. the premiums required h\ malllt~lIn \uch
<br />InSurance 10 effec:t un'll such time .:IS the requlrC:mcnt fl..lf such Ill~urance termmates in accordance Wilh Borro.....er\. and
<br />lender's written agreement or applicable law, Borrower shaH pa\' the amount of .lJl mortgage insurance premiums i'n rhe
<br />man-ner provided under paragraph 2 hereot '
<br />. Any amounts di$burscd hy Lender pursuant 10 (hili paragraph 7. with interesl lhereon. shull hecome :~ddllllJll..lJ
<br />tndebtedness of Borrower secured ~y this Deed t;)f Trusl. Unksllo Burro~er and Lender <.igrec 1() other lerms of paymenl. !'ouch
<br />amotJnI$ ~h.Jl be payable upon notice from Lender to Borrower r('llu~stiOg payment lhereof. and shall hear interesl from Ihe
<br />date of disbursement Ullbe rate pAyable from time 10 .time on '.\ulstanding principal under the NOh: unless payment 01' inlcrcs.t
<br />at Ju~h. rate would be, t'llntrary to ap~hcable ',!-W, III why.'h c\'cnt such amounts. shaH bear Interest at the highest fate
<br />pcrm_1I;Ib&e under ap-phcablc lilW, NOlhmg ~ont.:tlned 11\ tht:i. paragraph 7 shaH require Lender to incur any expense or take
<br />....y ac:t_ he",undtr.
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<br />(hi t ~~D: L B"der 1':'1:.Y m~~c ur ":,Jll~ to 00 mil~ rt'a~Hl.lblc cl~tri.l---S upon :IOJ In...pcctlom of" the PI'U~rty, pW'w'iJeJ
<br />Int~'\n:~ :"'o'=ty,o-rrowcr nolh.C poor t-O any 'Soch tnSpc:\..'liOO ;)pcc.:dying reJl$onah'c (ause therefur related ((1 1 endcr\
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<br />83- OG6121
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