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<br />83--iJ(i6423
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as tollows:
<br />I. Pq_JIt 01 PriDrip.J ..... Int.rest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Notey prepayment and late charges as provided in the Note~ and the principaJ of and interest
<br />on any Future Advances secured by this Deed of Trust.
<br />%. ...... for T_ ..... I...........,.. Subject to applicable law or to a written waiver by Lender, Borrower sball pay
<br />to Lender on tbe day monthly in5tanments of principal and interest are payable under the Note. until the Note is paid in full.
<br />a sum (herein UFundsn) 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. jf any. plus one-twelfth of yearly premium installments for hazard insurance.
<br />plus one"twelfth of yearly premium installments for mortgage insurance, if any. aU as reasonably estimated initially and from
<br />time to time by Lender on the basis-of assessments and bills and reasonable estimates thereof.
<br />The Funds shan be held in an 1ll5titution the deposits or accounts of which are insured or guaranteed by a Federal 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 sai.d account
<br />or verifying and compiling said assessments and btlls, unless Lender pays Borrower interest on the Funds and applicable Jaw
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execurion of this
<br />Deed of Trust that interest on the Funds shall be paid to Borrower. and unless such agreement i$ made or applic::able law
<br />requires $uch interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds, Lender
<br />shall give to Borrow~r. without charge. an. annual accounting of the Fund_,> showing c::redits. and debil5 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 this Deed of Trust.
<br />If the amount of the Funds held by lender, together with the future monthly installments. of Funds payable pr;or to
<br />the due dateft of raxes. ass.eurne-nt.s, insurance premiums and ground rcnts. s.haH exceed rhe amount required to pay said taxes,
<br />a5JeSSments" insurance premiums and ground rents as they fall due, ~uch excess !)hall be, ar Borrower's option. 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 shaH nOt be sufficient to pay (axe'\... assessments. insurance premiums and ground rents as they fall due.
<br />Borrower shan pay to l.ender any amount necessary to make up the deficiency within 30 days from the date nor ice is mailed
<br />by Lender to Borrower reque.ting payment thereof.
<br />Upon payment in (un of aU sums ~eclJr-e~ by this Deed ()f Trusr, Lender shall promptJy refund ~o Borrower any Funds
<br />held by Lender. If under J!lfa-gr-aph 18 h~reof the Propeny 1<;; sold or the Pr~perty IS .{it~crWlse acquired by Lender, Lender
<br />s-haU apply, no later than tm~diately prior 10 the sale of the Propeny or Its acquisitIon by Lender. aoy Funds held by
<br />Lender- at the time of apphc3tion a~ a credi[ again-st the sums. secured by (hiS Deed of Trust.
<br />3. AppIicadon of Payme-rtB.. Unless applicable law provlde~ othCl,".ISC, all payments received by Lender under the
<br />No-te and paragraphs 1 and 2 hereof shaH be apphed by I.ender tir.~t In payment of amounts payable to Lender by Borrower
<br />under par.agraph 2: hereof. (hen to interest payable on the Note. then ro., (he principal of the Note. and then to interest and
<br />principal on any Fuwre Advam"eS-.
<br />4. Cbaraes: tkttS. Borrower .shall pay .tll l~H,e~. ~\seument'l and ~l{hef .;harges. fines and ImpOSItions aHributable t-o
<br />the: Propcny which may attain a prIority o\'~r ,h!~ Deed Df Trust, and leasehold payments or ground rents. if any, in the
<br />manner provided under paragraph 2 hereof {'or. if not paid. in 'iuch manner. hy B-Drrower making payment, when due. directly
<br />to the payee thereof, Bo-rrow~r s.hall promptly furnish lo Lender all notll:;t'~ of amounts due under rhis para~raph. and in the
<br />(,':veltt Borrower shalt make payment directly, Borrower \haH pn)mplly furnish to Lcnder receipts cvidc-ncing slIch payments.
<br />Horrower shalt promptly di:5Chargc l1ny lien 'Which h.u. prwrit)' O\"l."f Om- Deed of l rust; pn.pw'jded, that Borwwer shall not be
<br />reqUired to disch.afie any ~uch Hen ,() long '-1_" Bono-wer \hall ,\~ree In "'-rHin?- ICl the payment ('If the obligation secured by
<br />"uch hen to a manner acceptable 10 ! ender, lJf shaH in good Lllth ;;nOfe!'.! sm:h hen hy. N defend enforcement of stich lien 10.
<br />legal p-~_ecdings which operate w prevent the cntoa:cment of tht, lito or forteitorc n-f. the Property 1-)1' .any part t.hereof.
<br />S. Hazanf I~, Borrower \hall ke~p the Improvement"!' nuw cl{!<;.tlng or hereafter erected on the Properry Insured
<br />against Iou by tire, ha:tards mdudcd wjthin the term '.e\tcndcd c;,weragc". and ~uch other hazards. as Lender may require
<br />and in such amounr& :and for wch J}("rmd" a\ Lemler may fe-QUite; prOVided, that I.ender shall not requlrc that the amount of
<br />such cover-age exceed that amount of (:(l\'t:rage re'Qwrcd (0 pay tiTt.' sum, :\(-Cured by thiS Deed of Trusl.
<br />The insurance camer pro""ldmg the im.unmce ..haU he Ch(l..en h). H~)rr(l"'t~r subject h) approval by , endcr: provided.
<br />that such approval ihall OOt Dc unreaS?o..ably wllhhdd .0\11 premmms on insurance l"Oiicies :shall be paid in, the manner
<br />provided under paragraph 2 hereof or, If nOt paid 1I1 s.uch manne-r, by Borrower makmg payment, when due, dIrectly to the
<br />IOSUrance carner.
<br />AU in~ur.nce policies and renc:wab lhere-(,j ~haH t'te to tOfm l).(;.::cplablc Ip Lender and ~hali mclude a staHL mortgage
<br />-c1aU1C in favor of and in form ;lI.':l.;:epubk to l.ender_ Lender shull h;ne the fight to hold the policies and rcnc-.als thereof.
<br />",nd. BorrOlA"'Cf $hall promptly furmsh h1 l coder ;dl renew;;.! notkc"r anJ .Jit recetpts of pallJ premiums. In the event of h)'~s.,
<br />Borrower maU gyve prompt notlct Ii) the Hi\Uran.:-c C;trr:Cf ,and Lt-ndcL l.enJcr may make proof of loss If 110t made promptJy
<br />b~' Borrower.
<br />. Unless lender and Bdtm..'cr otherwl\e agree in \"rttlO~. IOS-Ufi.lIKC pro,-:ecd~ ihali ~ applied h) rC'>i.IOratlon or repaIr (1f
<br />lhe Property d~ma.gcd. p-rm-'fdcd liU\:.h TC'iotor::l-tlt.ln or rcp':.Hr " c...'onOfl1H."~l!l)' It:a\ihlc: ,llld the- security of this Oc-ed of Trwit I~
<br />not tbt-reby tmp3ued, If ~u-ch restor-ahon or repalf 1-'0 not t.~;;'nnl,)mii..'aHy fea~ibte ()f If the 'tet-urity of thi.. Deed of Trllst .....ould
<br />be impasred. the insurance plCK..'ccd5 !i.hall be applied h) the sum.., ic{'urec.1 hy Ihi<.i D~cd of Trust. With the e..~ces", if any. pai.J
<br />10 Borrower, If the Property h a.bandotlcJ by Rorrower. (~r If BOffo......er fails fl) res-pond to Lender withm JO day'> froen the
<br />dalt ootwe i'i mailed hv Lender h) Borrower that the IIlsuranc_t" l.,'.-HIt:r .offers to M:.ule a ~bum tor Insurance benefit!\., Lender
<br />IS authorized to (.-,ullcei and apply the ins.Ufat\i;c proceeds at Lender'\ option clther to restoration Of repair of the Propeny
<br />Of ro the s.Utn\ secured h)' this- Deed of Tntst,
<br />Unlas l.endet and Bortower otherwl'se .18ree In writing:. un\' s.uch apphcauon of proceeds to principal Sohal! nQI l'xtend
<br />or postpone the due datt of tbe monthly w~tallmC'nb reicfrcd In In pantgraph.!> I .and:! hereof o-r change the- amount 01
<br />such ins.tallments. If under paragraph IS hereo-t the Proper!) l~ i-ii..'Guired by I.ender. all right, title and interest of Borrower
<br />in and to any Insut1locc pohci-es and m and 10 the pnlr(<<-ds thereof re~ultjng from damage to the Property prior 10 the sale
<br />nr acqulSltion shal! pass 1t1 Lender to tM ex.tent 01 the $um-s ~Ufed by Ihis Deed of TruM Immediately prior In such sale (lr
<br />acquisition,
<br />6. Pres.tn-.... aDd ~ of Property; lA-SlHhokh-: <- 'o-ndominiums;: Planllfll Unit l>f!\'elopml"nts. Borrower
<br />....haJl k.<<-p the }lropeny lH gOt'fd repalf and !-ha!l nor (~mumt v.a.si-c pr ~rml! llnr~Hrm~n1 or detcflor:ltion of the, Property
<br />-:.lnd man compl)' With the- provisiQm of -any lease if thi:i lked pf Trml fS lOn a leuiehoid, If this Deed of Trust is on a unit in a
<br />\"'-ondOnllntum or ;l planned unit development. Borrow-er sh4:1l pedorm aU of 8orn:.)wer's obligalions under the de\.'laralion
<br />t}J" CO\<eftanls creating or go..'erning the condominium or planned unit development, the by~law~ and rcgulallons of the
<br />c~inium or planned urnt development, and coustHue-m documcnN. If a condominium or planned unit dcvclop~nl
<br />rMitt 1.\ -exccuted by Borrower and recorded together" lIh thl~ Deed of Truse Ihe covenanls and agreements \If ~uch ndcr
<br />shall be Ulcofl'orah:'d inlo and shaU amend and supplemem the co\'cnanh and ngreemenf5- of this Deed ()f Tfmt a:-. If the rider
<br />we", a par. hereof.
<br />1. Pmtectioa -of Lendet'-'s Stalrity. If Borrower fails to perform the <:Q\'cnanlS and agreemcnt\ i:ontalOed m this
<br />tleed of Trost, or jf Iny achon or proceeding IS: commenced which ma!eflaily affects Lender's interest In t~e Property.
<br />'ncluc:Iint-. but not limited to, emUlent domajn~ tnsol\'etJcy. code enforcement. or arrangemenh or pn..xeedmg... lHV\)!vmg .a
<br />battkmpt or decedent. then .l.e~r al Lendc:-r.s opr:ion, upon notice to BorfO.wer. may make ~uch .tppearances, dlshurse ::,ui:h
<br />sutn1 Jutd tak-e suctI- action _as IS necessary to protCCI Lender's IOtercsl, mcluding. hut not tHntled to. dlsbur~emcnt QI
<br />~ altorney's t__ -and erHry upon the- Property to make repairs It [tender fe-qum~d mongage ,"'Sura nee tl'i- ?i
<br />condition ~ matl-ni'the loan ~ured by lnf:s- {~ of Trust. Borrower ~hall pay the premiumlJ required to m~itHam \uch
<br />IMUqfl(:e II) e:trCCt until luch tune as lhe reqt,ureme-m for liuch H1s-urancc fe-nmnares In accordance wllh Borrower\ a.nd
<br />L~""I written 6Jl<<eme&:t Of" .applicable la.w - Borrower shaH pa)' the amount of alt mortgage ,"~urance pre011um.':i Il1 the
<br />I1la8_ ptQVided under paraFapll 2 hereof.
<br />Any ~ disburxd by ttonde-r- punuant w fh~\ paragraph- 7, 'Alfh mle-re,'''' (hereon. shall f,e(',llme :tddlt;onal
<br />~cdnea of Bocrower lCturod by thi$ Deed Qf lfU$L Unle~ Borrower and Lender agree to other lern}tj, {-:It' p.aymenl. \tlt:h
<br />~.... be-pat_hie upon notic&' fwm Lender 10 Borrower requC$ling ,.myrnent thereof. itnd $hall heat i!lttr~1 t rom the
<br />... of, 4i1bcu-Ml'IMld itt the ~ payable- from- time: to time on out1tanding pr-uwipai unckr the Nt"lte unieu payment Of intefe51
<br />at $UC:h fate ~vuld be- ~-ontt.ry to applicable taw, in wl'm:h e~enl iouch afl'Wuntii ~haU be_lIf HHC'r~t at t.he tught'-M nit'
<br />.PR~bli: ~ qplieable law. N94'mng c-ofit-ili-ncd in rh-il par~gOlph 7 \haH requite LC:-mk:r In incur any expense ()c take
<br />..)' - ...........
<br />... I~ 1~" may m..c or \:.aus-e- to- be made reuon._bk e~n-e.'i !Jpofl ~md in:\pt':Ctu.m-s: of rhe Propc:rty. provrJed
<br />J~ l.endet JhMl ;we: Bonuwer- not~ pnOf k,} JUl)' :nKb .IrniptCh-oo $ptcd)"h'l" Je.aiO-Mbk ~.tUk" tht'rcfQ-t rt"'k~t~ t(\ I cnd-c:r-~
<br />,_ in the ~v,
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