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<br />83_006642
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<br />UNfFORM COVENANTS. Borrower and lender covenant and agree as follows;
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest 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. secured by this Deed of Trust.
<br />%. FlmcIs for Tax... and Insul'lUI<e. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to lender on the day rrfOnthly installments of principal and inlcrest are payable under the 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-twelfth of yearly premium ins.taUments for mortgage i-nsur-ance, 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 thereof.
<br />The Funds shall be held in an institution 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 shaH 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 said accOunt
<br />or verifying and compiling said assessments and bills. unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Bo-rrower and Lender may agree in writing ilt the time of execution of this
<br />Deed of Trust that inte-rest on the Funds shall be paid to Borrower, and unless slIch agreement is made or applicable law
<br />requires. such interest to be paid. Lender shaH not be required to pay Borrower any interest or earnings on the Fund~. Lender
<br />shall give to Borrower. without charge. an, annual accollnting of the Funds showing credits and debits to the Funds and the
<br />purpose (or which each debit to the Funds was made, The Funds are pledged as additional security for the sums secured
<br />by this Deed of Trus1.
<br />If the amount of the Funds held b>' lender, together with the future monthly instalIrnents of Funds payable prior to
<br />the due dates of taxes. assessments. insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assess_ments. insurance premiums and grmmd rc-n~: a~ they fall due. such excess shaH be, at Borrower's option. either
<br />promptly repaid (0 Borrower or credited to Borrower on monthly inslaUmenh of Funds_ If the amount of the Funds
<br />held by Lender shall not be sufficient to pay faxes, assessments. insurance premium-s and ground rents as they faU due.
<br />Borrower shan pay to Lcnder any amount necessary to make up the deficiency within 30 days from the d~te notice is mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by thiS Deed of Trust. Lender shall promptly refund to Borrowe.r any Funds
<br />held by Lender. If under paragraph 18 hereof the Propeny 1<; ",old \}f the Property is otherwise acquired by Lender. Lender
<br />shall apply, no later than immediately prior 10 the .;;.ale of the Property or its .tcqulsition by Lender. any Funds held by
<br />Lender at the tirIle of applicarion as a credit against the sums ..ecured by this Deed of Trust.
<br />3. Applkado-n of Payments. Unless applicable la\\.' pnwlde<;: otherwrsc, all payments received by Lender under the
<br />Note and paragraph'i 1 and 2 hereof s.hall he appltcd by Lenda tif'\.t 10 paymen~ O! amounts payable to Lender by Borrower
<br />under paragraph 2. ~rooL then 10 interest payable on th~ Not~. then to the prmC:lpat of the Note. and then to Interest and
<br />princlpaI on any Future Advances.
<br />4. Charen; Liens-. Borrower shall pay Jll ta.xe-s. Js.se~smellt~ ~mJ other charges. fines. and impositions attributable to
<br />the Property which may attain a priority oyer this Deed (If Trust. and ieasehold payments or ground rents, if any. in the
<br />manner provided under paragraph 2 her.e-oi or, if nor paid in $lIch manner. by Borrower making payment, when due. directly
<br />to the payee- thereof. Borrower ~hall promptly furnish to I.ender all Ol...ltice<;:yf amounts due under 'his paragraph. and in the
<br />event Borrower shall make payment dlfcctly. Borrcowcr shaH promptly furnish to lender receipts evidendng su.:h payments.
<br />BorrO'A.'er shall promptly dIscharge any lien which has pnorit~ ll\'~r thiS Deed of Trust; provided. that Borrower shall not be
<br />retfUlred to di~,"hargc any such hen 'i'l.' iong :l~ Borrower '\h.:lil agree in \-"-Titing ((\ the payment of the obligation secured by
<br />o;uch lien 10 a manner acceptable w l.ender, ur "hall In gt.xx! t:ulh -:onlcsl su(:h hen by. or defend enforcement of slIch lien in.
<br />legal proceedings whIch o~r.olte t(~ prevent the ent"orcc:ment of lhe lien or forfeiture of the Property or any part thereof.
<br />5. Hazard lasuru<<. Borrower ..halt keep the Improvements now C.\IS-llOg or hereafter erected on Ihe Pwperty insured
<br />against loss by fire, hazards included \\'irhin lhe term "c"lcl1ded i.."OVCfjgC". and ~uch other hazards as Lender may require
<br />and in such .:lOlQunls and for su(;h perll..ld:s .1-" Lcnder 111.1Y reqUIre; proVided. that Lender 'ihall not require fhat the amount of
<br />s'uch coverage exceed that amQunt of covcraRc reqUlfl::d {(\ pay the sum, ,'\ccured by thiS Deed of Trust.
<br />The insurance carrier prm'ldinlt lht.'- i""uran;.~t~ ~hall be- cno\Cn h~ BOrfi)w\.'r !>lIbjcl.:t to approval hy Lender: prl)\ ,..:J.
<br />that such appro,..al man not be unreasonably withheld All premium!> on in:<.urancc policies shall he paid in the mallDcr
<br />provided under paragraph 1: he-rool or, If not pard in ~uch manner. by Borrower mak.Ing payment. when due. directly to the
<br />insurance carrier.
<br />AU in.'iurance policies and renewals the-reof .\haH ~ In h\-rm al..:(:cplablc h) Lender and s.haJl indude a standard mortgage
<br />dause in favor of" and in form ai:.:cptahle tt' Lendt'f Lender ...hall haVf lht: nght {o hold the (ll."1hcICS and renewals thereof.
<br />olInd 8orrowa ..haIl promptly furni~h to Lender :dl rc-n:c.....ai IhJlke.. and aH l~t:Ctpt:s of paid premiums. il1 the event of loss.
<br />Borrowt.r shall give prompt n-ott;.:~ h) the Hlsuran;;c ..;;.trrtCf .lOt.! l.c-ndcr LenJer may make proof of loss it nOI made promptly
<br />bv Borrower.
<br />. Unless Lender and B.."")fmwcr ~}(hCf"\~'I~ agn."i: in ..... nllOg. lO\lifanCC pw-cet'ds ..h>!ll be applied 10 restoration or repair of
<br />the Pro~rty damagt"d. provlded ...u;;h rCSlOf'llh.111 ('If r-cp.ltf I" Cl.."~l!lom-I..<ally le.i"olblc and the sel.:lIfit)- of thl" Deed of Trust l~
<br />not thereby Jrnpalred, If such restoration ur re-p.ur j<; Iwt c;;\HlOmically fea~lble or If the .;.ct.:urity of thi.. Deed of Trust would
<br />be impalrnl. the IIl$.Ufarl(~ procec(.h shall he appheJ \t1 the \Wl1'i. ~c-;;urcd hy thi... Deed of Trust. With the eXl.:'Css. if any, paid
<br />to Borrower. If the- Pn,)perty IS abandoned by B\lnL'wer. \)1' if H')ffOWer [.liI" ro rcsplHld to Lend~r within 30 daY:i from the
<br />date notice: is. mailed by L~nde-r 10 Borrower (h.lt the lilSUl--an.(( {,'anu:"r ~)IIcr\; 10 seltlc a d~ltm for Hlsuram;e benefits. lender
<br />1\ authorized Co collect .and apply the Insuunce rro\:ceds at L~nder's l'ption clther to r~sloration l)r repair of the Propeny
<br />\.lr to the sums. secured hy thiS Deed of Trust
<br />Unless l.ender and BofTt"'twer otherwlsc ugree In wfillng. an) "-ouch appjic31JOn of proceeds to prilKipal shall not extend
<br />or ~tpone the due- date of the monlhly installmcnh referred to 10 paragraphs I and 2 hereof or ch~nge the amouOl of
<br />such Installments. If under paragraph IS hereof the l~r()perlY 1\ ~H;qUlred by Ll:nder, all TIght. title and mt~re.'H of Bt"1frower
<br />In and h-'.ilny inwrance POliClC~:!. and 10 and to thc-. pnxc-eds Ihcrt...nf fe\uhmg hom damage Io the _ PTl1perty prior In the sale
<br />,lr acqulsHion shall pass 1\,\ Lcndt'r to the c.\tem of the -sums ~1;."C"ur('d b~ !hlli Deed oi Trusl Immediately pnor to such snle or
<br />acquwtion.
<br />6.. Pnse-r'..adoa aad M~nalK:e of Property; Lea.sehokl~ Condominjums; Planned Unit Developments. Borrower
<br />\h...ttllc('p the pfi.)perty iO .t:::")(\~, repair .lIU..i "h.dl no! _..~1tlUni[ \~a~lc \'r pt.'rll1lT lnlpairf11t.'nt ..)r dCleflnr:J.tion \~f the Property
<br />.md shall comply with the pro"lSlDns of <tnylea.s.c tf lhl!<i Deed of Tru~t I') ~)n J leasC"hoid. If thi:, Deed of Trust l!i on a unit In ,I
<br />condominIUm or a planned unlt deydopmenl. Borro..-.-er sh~tll pedorm .di of Borrowc:r\ obligations under the declarali\H\
<br />or COvenants- creating or governing the ;,;ondommium or planned unir development, the by-laws and reguhwons ()f the
<br />c~minium or planned unit development. and ~on-s!l.tucnf documents. ' If a condominium or planned unit d.c\.dl1pmCIl{
<br />rHoter IS ~"-ecuted by Borrower and recorded together With th!:"O Deed llf T rus!. the ,,'ove_na~ts -'JIld agrcemc:ms of such rider
<br />s.haH be 1nc-orporated Jnto and s.hall amend and supplement the ('(l\"cnanh and agrccrncnts ot thIS Deed ,)t Trmt as If the nder
<br />we", . part hereof.
<br />7. Procedio8: of Leedfl's S<<urity. If BorroVvcr fails to ~rtt.)rm the covenants and agreements contained in this
<br />Deed ~f Trust. ()f if an)' action .or p~ding _,'it cornrnt-nced wh(~h mateflal1y affects Lender\> interesl in the Property.
<br />lIn.:ludinJ. but not limited ro~ emInent domain. lnsol...-mq, code enrorceme.nl, or arrangements \)r pfl),"eeding~ mvoivIOg i.1
<br />bankrupt or decedent~ rhC'n Lender at Lender's option, upon notice to Bormv"er, may make such appcaro:tnt:c:s. l..li..hur,c :,u..'h
<br />sums and take such 3.ction as is necessar)' [0 protecr Lender'~ interest. including. hut nut iim!t~ h.l, llishup,\'me-nt 01
<br />reuon.able attomey's fees and enlry upon the ProPC:-f1J to make repairs If ~en-dcr required mortgage insuran~:c ;1' ~l
<br />~tion of malin, t~ loan secured by this Deed of Trust. Borrower \h;iH pay the premiums requlrc-d To mainfain "u~h
<br />lmuraoce 10 effCd untlt such time a$ the requm:mem for such lO.-.urancc: terf11inal~ in ~c\.'ordancc wlIh Borrp\\'ers and
<br />lender', wri~kn agreemau or applicable law, Borrower shall pay the dmOun1 of all mortgage ins.uranl...""C rr~mium... in the
<br />"'- provided under parllJTaph 2 hereof.
<br />Any amounts disbuncd by Lender pursuant tll this paragraph 7. With mterest fberenn. s.hall hcCl.mlC additwnal
<br />i~ of Bot-ro,,"-c-r secured hy th,l. Deed of Trus-t. Unles~ IWrrower and J ,enuer _'gTee to ,lthe-r term~ 01 Faymenl, such
<br /><<moun" thaU be pay.hIe Upon ooticc frtm'l Lender H.l Borrower requesting f:l3yme-nl Ihc-reot and shaH he;u jnrer~1 from !he
<br />daM of dilbuf"_.nlat the rate payable- ~ft.'O't time- to time on outstanding pnnctpaf under the N01e unlcu paYOl-em of inle.resl
<br />.at 'lOCh rate would be {ootnry to apPflCilllbk laW'. m wtncn ~'enr su<:h _atn\.)Un,... ~hAU bear Interest at the htghest rate
<br />~bte unctcr appttcabte law N~hjn!l ~ohtatned tt1 thn. p~uagraph 7 ...hall n."qUHC Lender to incur any e'-pens-e ot" take
<br />...y ac:_ hereuodoot.
<br />.. ~ l.~nckr may M,:ke or i:J1U-~ to be made n:-a-si:mat>>e entne<i: II-J.1-".1-n ~nd in1~tlOn:\ of' (he Pmpeny. Pfl"lVidcd
<br />tbat ~ 5haU live Ektnvwv notl!C.:e poot to iUt)' such IO$J'f':liuo 'iopeclfYlO-g rea:f>>.'llla.b!e< c.uts-(: therdor related I,") ll.tlder....
<br />fl'l~f_ to t-he ProDe1tV
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