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<br />UN'_" COVENANTS, Borr_er.nd lender eoven.nt .nd a.- as fol....:
<br />I. ....-............ ~ Borrower sh.1I prompcly pay w'" clue the priacip81 of and in_. on' the.
<br />Indebtedness evidenced by the Nate. prepa~1 and I.te e....... .. provided in lhe Nate. and die princi.... of and .~
<br />on .ny Future Advances oeeured by th.s Deed of T rUllI,
<br />2. ....... T_" r-. Sutljeet to appIiCl'" law or to . wn- wan. by ......... ~..""
<br />'0 Lender on the day IRDIIthly install_Is of principal and in.eta' are payable under the Note. unlilllte Nate is pajjfiil filll.~
<br />a lum (herciJl "FundI") equal to .......tw...flh of .he yearly .axes .nd .............. whleh may anainpriorily _this
<br />Deed of TrtJSI, .....1fOlIIId ....... on the Property, if .ny. plOJ "",,-._Ifth of yearly pNmium imIaU-.. for hauRl~.
<br />plus one-twelfth of yearly premium .nstallments for mona.... in.urance. if any. all.. reaoonaloIy esIimaIed initilllly.antt,..
<br />time to time by Lender on the buio of ._11 and bills and reuonabIe eslimllleS thereof,
<br />The Fvnch IIIaIJ he held In an ,J1IIitulion the deposlIs or .ecounts of whidl .re illllll'ed orauanntee4 by '. .......,..,
<br />Slate qcney (ineludin. Lender if Lender is web .n llISIilutlon), Lender shall apply the F..... topt)' oaliI...,.., .. ... ,
<br />'nsur&nce pmniums .nd pound rents, Lender m.y not charae for 10 hoIdlllJ and aJl,PlYiIIJ theFuildI, aaaIYzinI.
<br />or verifyillJ and c:ompiIlnl said _Is..... billa, un..... lender pays Borrower jftIensI on the F\IlIck and
<br />permits L...... to malte such a eha...... Borrower and Lender m.y .._ in wriliIIJ at the time of . this
<br />Deed of Trus. that Inlercst on the Funds sh.1I he paid to Borrower. and unlas weh .._nt is made or . /CllIIlle'''w
<br />requires such intercsl to he paid. lender shall not he required to pay Borro_r any intlOlest or ~.on the F....,. ~.
<br />sh.IlIi'" to Borrower, without chafF. an .nnualaceountinl of the Funds showi... credila and debits 10 theFundsand.lhe'
<br />~ for whleh each debit to the Funds was made, The Fundi are pfedted as addlIlonaI -..my for ___..-.1
<br />by .hi. Deed of T l11li,
<br />If the amount of .he Funds held by Lender, .o....her with the future monthly i.....lbneIds of 'Fundi payable prior 10
<br />the due dates of lUeS, _II, .nsuranee premiums .nd lround re..... shall ellCeed the __ rcquiredto pay......._
<br />a_II. 'taUt.nee prentlums and ground rents as ,hey rail due, such excess shall he, at Borrower's opllon. eitJlir
<br />promplly repaid '0 Borrower or credited to Borrower on monthly installments of Funds. If the __ of the Fundi
<br />held by lender .hall not he sullicient to pay t...., assessments, insurance premiums .nd lround rents as lhey fall due.
<br />Borr_ shall pay to Lender any amount necessary '0 mali.e up the doIIclenc:y within 30 d.y. from lheclate _lee is tmliled
<br />by Lender to 8orroww req........ p.yntent Ihenof,
<br />Upon p.yment In full or all sums securecl hy 'h,. Deed of Trust, Lender shall promptly refund tn Borrower any Funds
<br />held by Lender, If under par..~h 18 hereof ,he Property " sold or .he Properly IS otherwise acquired by Lender. Lender
<br />"".11 apply, no l.ter than immedialely pnor '0 ,he sale of the Proper.y or its acquisition by lender, any Funds held by
<br />LencIBr It the Ume of a~~:.:.s . credit against the sums secured by this Deed of Trull.
<br />3. "......... Un..... apphcable fa.. provIdes otherw,se, all payments received by lender uncIer lhe
<br />Note .nd par....pbs I .nd 2 hereof "".11 he applied by Lender firs, m payment of amounl5 payable to lender by Borrower
<br />under par.,r.ph 2 hereof. then to mter~t payable on the No~. then to the pnnclpal of the Note. and then to interest and
<br />pnnc:ipaJ on any Future AdVances..
<br />4. ~ LIe.. Borrower ~h.ll pay all l..:'\e,,_ .t...sesameni-\ and olner charges. fines and ifilpos.i-tWni iluribulabJe 10
<br />the Propeny which may IIltain . priority over fhl5 Deed of Trust. and leasehold payments or around rents. if any. in the
<br />maaner provided under par.,r.ph 2 hereof or. It not paid in su~h manner, by Borrower makin, payment. when due. direclly
<br />to the payee thereof. Borrower 'l;hall promptly furm.\h to Lender aU notices of amounts due under this pa~raph. and in the
<br />eveat Borrower lhaU mnc payment dmectly, Borrower sh.all promptly furnish to lender rttelpll eyidencmg such payments.
<br />Borrower mall promplly dt$CbaflC' any hen \lohKh has pnorny over thiS Llced of Trusl~ provtded, tha.t Borrower shall nOl: be
<br />reqwred 10 diw:haqc any such lien so long a., Borrower shall agree In ....rlli..~ 10 the payment of t.he obligation &CCu~ed by
<br />...uch hen In a mlloner a,ceptabie tn lender. or \haH In good ialth conte~t 't.llCh lIen by, or defend enforcement of such hen in.
<br />lee.1 f.r~n,s whu::h opente 10 pfC'W.'n1 the eniorcemcnl of the !ten or forteiture of the Property or any part thereof.
<br />. u-. --..n. Borrower sh:111 keep lhe ImprovemenU !l0v. e\lsllOg or hereafter ereeled on Ihe Property insured
<br />against Iou by fire. hazards Included wlftun the term "c\.tended l.:\JVeragc". .and such other hal.ards as lender may require
<br /><tnd In such amount, and for !uch pcnod.!lo ;l'!' tcnder ma.v reqUIte. prOVided, thai Lender ...hall not require Ihaflhc amounl of
<br />such cover. C'Jl.ceed that amount of coverilJe H."Qulrcd to pay the sums secured by this ~ of Tn15t.
<br />The insuram;~ carner pro~lding Ih~ tnwrance \haU be >:ho\Co hy Borrower sub,C(..t to approval by Lcnder: provided.
<br />that suc;b approval shall not be unreasonably withheld, A H premIUm" on Insurance policies shan be paid in the ma....-
<br />provided UDder poor..,.ph 2 her"", or, It no, pa,d in .ueh manner, by Borrower mailing payment, when due. dircclly to lhe
<br />iDlUlaDCe carrier.
<br />AII.n$Urance policies amJ feM'wa.is. thereof shall bot' In torm aJ.:"l.:"cptable In Lender and shall mclude. a standard RIOrtlagc
<br />clause 10 favOl of and in form au.."epf3:bh: to Lender f _cnder 'ihaH ha\'c the nght 10 holtJ the pohcies and renewals thereof.
<br />and Bono__-er shaf. promptly tUUlUIt 1\1 Lender all renewal lluUce!. and ail ft'CClpU of p.uJ premIUms. In the event of loss.
<br />Borro-Aw shaU I,ve promp\ nohce f<' the H'tsurancc ,:arner and Lender Lender may make proof o( Joss If nol made promptly
<br />by Borrower,
<br />Un.1eu lender 3.nd Bor-rOWC"f olher..-nc agree Ul "" ntmg. IfI~-u'ance proceedi shall be applied to festoralion or repair of
<br />tbe Property dam~. provkkd such fntorallOU or re-paH ,'>. c\.onomt-eally feaSible :lIld lht" security (\f thn. Deed o( Trust IS
<br />not thereby Impan-ed. If \-U6.:h rnt0l'3hOQ. Uf rc-p.;ur IS nOf economtcaU) !eM.ble or If the secunty of this Deed of Trust would
<br />be Impatted. the IOtUnttKi( proceeds shaU be apphed to the llium, ~(.'ure-d h)' fhl'S Deed of Trull. With the ex:ce~s, If an)'. paul
<br />to Borrower. If the Property IS. abandoned by BonoweI. \_lr If 8orro'4cr t atls Ii) res-pond 10 lender within 30 daYl (rom the
<br />dale not_Ice is ma..lkd by lender to Borro""'er Ihat the If1SUraot:t t:arrter offen 10 senle Ii datm for lnSUfan<.:<: benefits. Lender
<br />IS authoniled to collect and apply the tnJUlance procec(h ld Lendefs opuoo t.lther 10 re~torall()n or repair o. the Propeny
<br />o-r to lhe sums 1C'CU~ by thiS Deed of Trust.
<br />Unless Leader and Borrower otherwtse agree an wnlmg. un)' ',uch apphcatron ot proceeds (0 prmclpal !ihan nol extend
<br />or p:.tponc lhe due dale of tM monthly muaUme-nh rderred tl' In paragraphs 1 and 2 hereof or chanae the amounl of
<br />~LlCh installmcms. It under parqraph t ~ he-reot the Property I!) .li.:quued b) Lender, .all nght. title llnd Interest of Borrower
<br />In ,ad to any mSUJaiA.'C pohcies and In ilnd 10 the proc~ the-rcdl' rnuhmg from damasc to the Property pnor to the sale
<br />or acquiSition shall p;u$ I() lender 10 the eMent Hi the sums ~'"Urcd f:l) lhl!. Deed ot Tru!>>t Immediately pnor to 5luch sale or
<br />aeqllisllton.
<br />'- r................ ~ of Propnt); L~~ ('0......._; ....... UIIiI De............ Borrower
<br />"h.dl keep t~ Propen)' In I!t~~ repotu .uuJ s.halJ fll"l{ \.'t'IlHnll ... ..>f~ ,!f pt:rrHfl Ifnp~ilfment or ~"-'tefloral"ln of Ihe Propeny
<br />J.nd shaH compiy With the PfOVtitOJU uf any lease It Ihts Deed of 1 fUM 15 ...'fl a leasehold, If thi, Dffd of TnJS.t IS on Ii umt 10 3
<br />condonun,um or a planned Unit deveiopmettl. lk'1lfower shaH pedorrn all of Borrower's ohliaatlOns under Ihe dedaraliol1
<br />~}r CO'liet\anl$ creaun. or governmg the "-t,)ndommlum \'t planned UOlt development. the hy~law\ and rcgulalloll~ lIt rhe
<br />l..':-ondonUntum or plaaned urnt de,'ek'pmem, iJnd -..:onslttuent d(l(:Umenh If a l;ondoflllDlum or planned unll development
<br />rHier IS excculed by Bonowu and recorded tORCtbcr ",llh thl'\ Deed (If ['rust. the l:ovcnanls and a2rttmenh oj such ndf'r
<br />,hali be i.DO.lfporated mt.o and ihaU amend and .iUppkmc'Ol the- ~o"'enallh. .md agreements. of thIs. Deed ll! rru~t as If the nder
<br />"'Oft . put henof,
<br />7. ~ ef t..e.IIr. Sec.riQ. If Borro~r taIls lH perform Ihe covenants anJ agf~ment~ ...-,,"tamed in thl"
<br />~ ~ TrUlt. or ~t an)' acll(\f1 or proceedfDl u co-mmeuad which mate nail)' affects LefMkr's, Interest In the Property,
<br />,ncludina. but. not 1i-mi1ed to. e-mlfM:nt dom-atn. In$QJVC'itf'~, code enforcemc-m. or arranaements or proceedlh~ IO\-"olvmg a
<br />hankfllpl or decedent. then Lender a. Lender's ophon. upt.'ln nOhce tll Borrower. may ma~e such appeiilfan(,:e~, Jr!!.hursc- su\"n
<br />10UIIllS -and Ide IUdt actlOO as ti neceuary to ptOl<<'t Lcnder'3. lmereM. IOdudm,. hut nl)1 limited to. d,~burM:mcf1l pi
<br />fC:aMlIIIabIe "'lOI'IIeJfi. lea and enlry upon It.. Property to mak.c repau's If LFnde:r r~quJfed mOrl'. IO~Ufan~c a.. d
<br />~ of ...... the loan KCured by Ihll Deed of Trust. Bon-ower s.haU pay the premium, reqUired to maintain ~uch
<br />l...-...c lit c.tleci UGh! ""* tf-me as the requlremenl tor such lf~uram:e lermtn&la If) .u:cordauce With Iknro*e-r) .u1d
<br />t.e.Ier'I WhUCft .......... 01' apphe;abtc law Borrowc-r Ml.llU pay the ..mount 1,:)1 ail morlpte Insurance pre-mlUf1l!iI III the
<br />- flIO"Nlcd ........ puapaph 2 hereof
<br />:.: ~ dilbuned by I.cndtr pufluant to thts para'fllph 7, WIth ItUere~t thereon, ~hall het"onlC- addtlion..t
<br />liT .," .... of lorro.wer:liCQlfCd by tht'l Deed of Trust, Unla$ 8;.~er and Lender agree I'll other fefins of p.IIlymenl. \w:h
<br />......... be ..,.UrrIe upon OOlKC from l,onder to Borrower re<4ueshl1l payn~nl the-reof, and shall beal ttueresl in.l-fl1 'nt
<br />.... of ~ r ,t lit the rate pay'''''' .tOln dlllC to ttme on ouwaftdin. pl'tnClpai under the Nl.."lte unless paymenl of ,nterac
<br />... MIdI r-ate wouW be Q4-.lDU&r) 10 .p..hcable I..... in ..h.C'h event \uch amount" ~ha)j bear m't:fflf Li! the hilheu rale
<br />~...,. ~ law_ Noc-b.... cUQtamed In 1ht5 J'M;flllf.ph 7 \naU n.--qwrc lender tv Ift\"W any "'pense- Qf I.k~
<br />an, _ ........,..,
<br />.. .....-. 'Umdu- lila' ~CI of ':aUM 1-0 be m.oe nl'-aonabk- e-nlf1e\ upon and H'l:t.pei.~tl()f'!il of the Proper1\', pf'O\'Hied
<br />tftIt ........-........... ~, noI," prIOr ao any iuch t>>--\.pcctJOfl ,pt:lQtlym. retnonahie 'aU~ there-tor related hI I C'nOer\
<br />,_ ... tho "-_,
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<br />84- 0811"-
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<br />84 - 002279
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