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<br />B4- 002294
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<br />UNIFORM COVENA.NTS. Borrower and tender covenant and agree as follows:
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<br />1. ...,,_ of ......... ... 1__, Borrower shall promptly pay when due the principal of and interest on the
<br />ondebledneu evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interesl
<br />on any FUlure Advances secured by thiS IJreed of TrusI.
<br />2. ...... f. T_ .. 1_. Subject to applicable law or to a written wai...r by Lender. Bonower ,ball pay
<br />to Lender on the day monthly installment1i of principal and interest are payable under the Note. until the Note is paid in full.
<br />a lurn (herein "Funds") equal to one-twelfth of the yearly tax.es and assessments which may auain priority over this
<br />Deed of Trust. and ground rents on the Propeny, it any, plus one-twelfth of yearly premium installments. for hazard insurance.
<br />plus olle-twelfth of yearty premium installments for mortlaae insurance, if any. all as reasonably estimated initially and from
<br />ti-me to lime by Lender on the basis of assessments and bins and reasonable estimates thereof.
<br />The Funds shall be held in an ,nstitulion the deposits or accounts of which are insured or luaranleed by II Federal or
<br />slate allCncy (includinl Lender if lender is such an institution). Lender shall apply lhe Funds 10 pay hid _.. _IS,
<br />,nsurance premiums and .round rents. lender may not charp: for so holdin, and applyinl the FuRds, analyzilll said KCOQnt
<br />or verifyinl and compilinl said _ments and bills. unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such 3 charae. Borrower and Lmder may acree In writilll at the lime of execulipn _0,1- this
<br />Deed of Trull fhat interest on the Fund. shall he paid 10 Borrower, and unless such __menl is tude or llJIlI!~ law
<br />requires such interest 10 he paid, lender shall nol be required 10 pay Borrower any in_ or eamin" on the FQnds. Lender
<br />shall give to Borrower. without ('harse. an annual accounting of the Funds shoWing credits and debits to the FUndI- and lhe
<br />purpoe for which each debit to the Funds was made. The Funda are pIecqed as additional _urily for the _ __
<br />by thi, Deed 01 Trust,
<br />Illhe amount of the Funds held by lender. tOJ!Cthcr with the future monrhly ;llIIall_ of Funds payab1e prior to
<br />I he due dates of taxes, .._nls, ..surance premiums and ground rents, shaD eltCeed the lIlIIOU1It required. 10 Pl'Y,..ion....
<br />ilSICISMentS. insurance premIUms and ground renL'i as they fall due. such eACCSS shatt be~ at &orro.ref'.s 0fIl.~~, __
<br />p..-omptl)' rep.iljd 10 BorrOwer Or aediled it,1 Q..;ffower oti monthly IfiSlillUmenli- or Funds.. If the iLfnOUnt of the ,F.....
<br />held by Lender shall not be sufficient to pay taxes, assesomenlS, insurance ~mi_ and cround _IS .. I...fall'il..,
<br />Borrower shall pay to Lender any amount necessary to male up the deficiency within 30 days f...... lhe dale-*:e"IlIai1ed:
<br />by Lender to Borrower requestJDI pa_t thereof.
<br />Upon payment in full or all sunn secured by thIS Deed or Trust. lender shall promptly refund 10 Borm_ any FUiIds
<br />held by Lender. Ir under paragraph 18 hereol the Propeny IS S<lId or the Property IS OIherwi... acquired lIy Leoder.Le.
<br />shan apply, no laler thOD immed..teIy pllor 10 the sale 01 the Property or jto acquistlion by Lender. any Funds held by
<br />Lender al the ume of application as a credit agaInst the sums secured by this Deed of Trust.
<br />3, A........ of"_ Unless applicable law prOVides otherwise, all payments received by Lender \lIKIlII' _he
<br />Note and paragraphs I and 2 hereol shall be applred by tender fi.,d m payment of amou_ payallle 10 tender by Borroww.
<br />under paragraph 2 hereof. then to mt-eresl payable on the NotC'. then to the pnnclpal of the Note. and IMn to inle.- .....
<br />pnnclpal on any Future Advances
<br />4. ~ Ue.. Borrower shaJl pay all Ia\l"\.. a'\teSlmenl!O and other charaes. fines and impositions attributable to
<br />lhe Property which may .'lam a pnonty over .hlS Deed or Trust. and leasehold paymenll or IfOUIId -'t,if ...,.in..
<br />moner provided under parauaph 2 hereof or. if not (laId in such manner, by BonoWCT mat'in, payment, when- due, di""
<br />iO tbe payee thereof. Borrower shall prompt]}' furmsh it:> tender aU OOHces of amounts due under thi. paraan.pIl. and'in'"
<br />event Borrower sbaU make payment directly. Borrowtf shaH promptly furmsh to tender recefpla eY'-idertein,1UCh ,.,.....
<br />Borrower -.hall promptly discharge any hen which has prlor..y (1"'ff thl'" ~ (\( Tnnt; pro\lMled. that Borrower !han not be
<br />required ro dischargt: any 1uch lien ~ Idog a.. Borrower ~hal-I agree to wr-iun~ 10 the payment of the obIi,ation securedlty
<br />",uch he_n In a manner acceptable to I coder. nr s.haJllo good tauh conlesl such hen by. or 'lefend enfon:-cmenl of sUe''' lien in.
<br />legal p~tng" \I,hlCh operate w prevcnl the: enforcement of the hen or forfeiture: of the Property or any part theNOf~
<br />!. H..... I~. Borro..er ..hall keep (he Impro\'cmcn... now c'Hsllng or hereafter erected on the Property insured
<br />against Iou by fire, haunts mdu<kd Wllhtn lhe te-rm '.e"dcndc_,j ..:ovcragc", and sUC'h other hazards as tender may ,require
<br />and In such amountl 3-Ud tor wch penods a.l. Lender n1-3.l rcqutfe. provided. that Lender shall not requite that the.amount of
<br />Juch coverage exceed that amount ot (over..,..: reqUIred to p.lv the 5-ums S<<UM by th.s Deed of Trult.
<br />The insunnc~ c.arrie'r provldtDg 'he rnsuranct." '\hall be' ch~n by Borrower subject to approval by lender;, prov~~
<br />thai ouch approv.J shall not be unreasonably Withheld .0\ II premIUms on ,"sulance policies shall be paid in llIe ....... .
<br />provided under _pb 2 hereof or, .f not paid In such manner, by Borrower makin, ..y_nt. when due. di-'Y 10 _be
<br />Insurance carner.
<br />."-11 insurance pohc-ies and renewals tnefeOl t.halt be to form acceptabte 1-0 Lender and shall include a...ndard mort,.
<br />.:-laulC' in favor of and in form K"ept.ll;h~e f\1 I.ender Lender ,hall have the naht to hoW the policies- and. -renewall thereof.:
<br />and Borrower \h.n promptly fumllh h.l tender ail rene_it! notlc~ and 0111 rC('"elptl of paid pret'lliums. In the event of toss.
<br />Rarro... :sh.U gl'Ve prompt oohce !tl the Hlsurant;.'C t.arucr ;lod tender Lender may make proof of Iou lJ not rmde JII'OIII-PIIy
<br />by Borrower,
<br />Un~ Lender and Borrower P-lherwl'fiC' agree In ..... ntltltt. lnWn6h(:c pnxeeds \-hall be applied to restoration 01' re....r of
<br />lhe Property damaged. provided s-ut'h ratoratll\ll Of repaH i-:' t:"u.lfU.lmu:ally leulble and the leC-urity of th15 Deed of Truat is
<br />not thereby Impll-lfed If such restoratIon or repaH 1\ not t'L:onomlCaUy (eu.bl~ or If the ~urity of this Deed of Trult would
<br />he- Impau't't-L the- IftIUram."C proceeds shall be appiK.d 10 the )ums s.ecured b~ this Deed of Trust, With the CJtceu. if any, paid
<br />It.... Borrower If the Property IS abandoned by 80(rO\lo'-ef. Of If ltorro\ll'er fads to respond to Lender within 30 days from the:
<br />date notla: I!< maIled tw Lmckf t-o Borro\i\;er that the IHsuranc't! carner offers to settle lit chum for imur.anc.e beneftls.. Lender
<br />f\. authonud h) collect and IIpply tbe: Ulsuraoce procC:eds ,d Le-ndcr's option euher to restoration or repair of the Property
<br />nr 10 the aum\ socured by Int-I Deed of Trust.
<br />lJolaa Lend<< And Borrower othcIWIK ag..-cc In ""flung.. any such apphcatlon of proceeds 10 principal Jhall not: ex~
<br />nr p.l5-lpone the due date- of tM monthJy tns.taUflk.fiho reterred to in para,raphs I and 2. hereof or chaD. the amount of
<br />~h mM.-Uments. If under para.raph j 1'\ hereof the Propertll!< .h;qUUed b)' Lender. aU naht. ..tJe and interest of Borrower
<br />H\ And ro any In$urance plhcln and Hl and tt1 the:: proc..~ccds tMrrof resultmg trom damaF to the Property prior to the sate
<br />,)f K'qUtsIUOn s.hail pa.u l('l Lender 10. the c:\tent o-t lhe' sums ~ured by fh1-5 Deed 01 Trusl immediately prior to such sale or
<br />acqUISitIon.
<br />.. r-..... _ ~ vi P"'tIfttY; u.e-' ('__ it" ..- UIIil 00.... '0 ...... Borrower
<br />..hall kt.-e--p the- Prflpert) In ~l.ll....l N:p.an <!lid ..hall IRl{ t IlfHnHt '" 4:lle \11 fXrmtl lmp.urment or d("tcTloralion of the Property
<br />.lDd snail compi)' "'Ith t~ PIO\{I5:H..lnS ot an~ lease If !hl's rketJ l....f futSt ,'- on a leasehold. If this ~ of Trust IS o-n a unit in a
<br />l..-'OndomtRIUID ('l-r a planned unit de"~klpme:nl. Borrower ~halJ pedorm all of Borrower's obligations under the declaration
<br />I.)r co\'enanh l.rcaung or go\<crnmg the J.:ondommJUm \)1' p,"wOC'd Will! development, the hy..laws and regulations of the
<br />;,;onoonunlUm Of planned unt1 development. ,md r.:onstlluenl dncumenh If Ii rondominium or planned unit development
<br />IIder 1\ C'-'e~ulcd h." BOfHY*ef amJ l'c:'.\:orUL----J iog1::1bet i'tiih thj~ D\;c.J df ! r....~:. :he ":o-Venant~ and agreemen!~ of ~uch r!der
<br />~h.JJ be Ifll.."{)rponlled Into and ~hatl amend and ~up-p-iemem the I.:~wenanl" and agreements ol lh1.5 Deed 01 Trust a:<. It the flder
<br />were a part bereof.
<br />1. ........... of l~. Set-.....,-. If 80rflJwer tails (,) pcrtNm the i."o'.enams and agrcemenh ..:onlamed in this
<br />Deed of Tnat. (1.r It any aClron or proceedlOl t\ ;.;ommcnced which matenall~ affects lender's internt In the Property,
<br />mdudJD~ but not limited to, emUlient domA-tn. HlwlvC'on. ..'ode enIOf'O;cment. or arrlJn.:ements or procl.'edings IOVo-1vlO8 a
<br />~ruPt Of ~D.. then lender at I emx(s V-pilOn. upon nottce t(, Borrower. may m-ale !!ouch appe-ar~n-....~. Jl"huf'S-C \uch
<br />-s.UInI and tltk-e such acUon as I,:'> nccessary III prot~t Lender S '"tern!. lIldudlOg, out not hmlted to. ul\bursement 01
<br />~ attorDe.l'f\; tea .nd em,..,. llpl'\n the- Propert)' tu mu.e repalH If ~ender required n10ngaJe lftsUnlOce a~ it
<br />-cundibOn of mum& tM l{'.e.l'l: s-ecurt."J ~y th~s r~ {l-f T",_~, Borrm,,'er ~h.all pa~ the premiums reqUired to IlHuntam ~1J{,;h
<br />unurlllCC 10 ct(<<t urn.1 $ucft tune as !~ reqUJfement for 'Oud'l nu.uram:e lermlO~les In ac,-ordance With 8orn...wer'!j and
<br />Leader', writkn ....mcm or apphcahk: 111'" Bono-wer '\haH pay ,he .lfTI(JutH ot all mortgage Insurance r-rem,um\ HI the
<br />'nan_ ",""Hied under ........pb 2 hereol
<br />AAY &moufttI ditbuncd by Lender punua.tll 1(1 1m.. p:arlllraph 7. wIth !lucrest lhcfe(}o "hall ~c-orne addmonal
<br />fndebtedneu (;f IMtOWfl' wcured try Ih.U Deed ot Tru!!.<< l 'nlen Borrower and I_r-nder agr<< 10 other terms oj pa\'mf'nl. '!luch
<br />amounts shan br PAyable upon not~ from 1 ender to Ikuf'l't-wer r-eq-uetillO(t payment lhereo!' and s.hatl hear mlerest fn')m tht'
<br />date of ~ at the rate p.)'~ tram ttme to Hme on \fuhtanomg pnn<:lplIl under th~ Note unln, paymenl I.,f infefT_I;'
<br />., ~b r-allll' would be: {;.tlfltfilry 10 .ppbcabk law, In \fvhu:h event <;uch amounl\ \hall heir Illterm;t at the hlgh~t r.:U~
<br />perm.... UftIkr appilC:able t... ""olt)tb~nl cOflt&med III ,t-us p.u3llraph r ""'all 1equH(: I coder to Incur an): expense or 'Ike
<br />UlV .._ hel'-.I>tt
<br />. L ~ Le-nckr may m_e f.lf :..aUK 10 t"C madr re.'Mm.bie CHIne"" upo-n ltmt in-';;[l(X:tll,m" 01 the Propenv prln Hk-d
<br />thai tender- .halI l"t' Boff'(tWCf ntltt.l.'C PflQf to any ,u.,:h m'ipx,tH_!-f' ~flC'I:ttYlnl ~ainn,h!t .....HIS(' therdor rcl;it~t h' I {'ndel ~
<br />I~ tn the ft'moenv
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