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<br />UNIFORM C-OVENANTS. Borrower and Lender covenant ..nd agree as follows:
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<br />_I. hy_ '" Prl..... .... 1_"" BOHower 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 interesl
<br />on any Future Advances secured by this Deed of Trust
<br />2. ...... fer T_ .. 1_, Suhject to applic.ble law or to I written wai_ by Lencler, Bonower .hall pay
<br />10 Lender on the day monthly inst.llments of principal and in'eres' are payable under the Note. until the Note il paid in full.
<br />a sum (herem "Funds"} equal to one.twelfth of the yearly t3\CS and asses."mcnts 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 />pJIII one-twelfth of ye.rly pn:mium installments for mortg... insurance, if any, all a. reasonably eslimated initially and from
<br />time to time by Lender on the huio of .-.amenls and bills and reason.ble estimate< thereof,
<br />The Funds shall be held in an institulion the deposits or accounts of which an: insured or guar.nteed by a Federal or
<br />s'ale agency (including Lender if Lender is such an institution), Lender shall apply the Funds to pay oaid taxes, assessments,
<br />In'urance pTC111i.ums .Dd ground rents. lender may nOl charae for $0 hotdilll and appIyiftl the Funds,- anatYIint said tICCGUId,
<br />or verifyinl and compiling old ............" and bills, unless Lender pays Borrower in_ on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower.and Lender may agree in wrilinl at the time of c~u~ _ q~ ,~~
<br />Deedd Trust that in'erest on the Funds shall be plld to BoHower, and un.... such agreement is made at aPl"ieablt law
<br />reqUIres such inlernt 10 be paid. Lcnder shall not be requ,mllo pay,BolTOWer any iul_or eamin", ~,_f''''''.J.ender
<br />shall give to Borrower. WIthout charge, an annual accounltDg of the Funds .howing c_ts and dehns 10 I.... F'u~-.ancl~the
<br />porpnoe for which each debit 10 the Funds was made, The Funds are pledged as addilional IlOC1Irity for the.._-___
<br />hy th,s Deed of Trust,
<br />If lhe amount of ,he Funds ""-lei hY Lender, .ogether with Ihe fo"'", monthly;.....'......... of Funds pay"'" prior 10
<br />,he due da,es of t""... _nlS. 1Il5Urance premiums and ground rents. shall exceed !he amount-reopJired 10 pay.aaid.,--'
<br />assessments, i~,uram:e premtUm!i. and ground rents. as they faU due, such e~cess shall be~ at Borrower's_ ~ -eJ_
<br />promptly repaId to Borrower or credited to Borrower on monthly installments of Funds, rf the _tof lhe..P"
<br />held by Lender ,hall DOl be sufficient 10 pay ,ues, asse.ssments, insurance premiums and grnund rents,.. theyfalliidue,
<br />Borrower shall pay to Lender any amounl ne"....ry '0 make up the defiClellq' within 30 days from lhe dale DD!ice~"'"
<br />by Lender to Borrower requesting payment thereof. . . ....,
<br />Upon payment in full of all sums secured bv th" Deed of Trust, Lender ,hall promptly refund to ~llIIy,FtliidI
<br />held by Lender. If under paragraph 18 hereof .he Propeny "sold or ,he Property i,.otherwise acquired by Lender.Len4er
<br />mall apply, no later than immediately pnor '0 ,he sale 01 ,he Properryor Its acqlllSluon by Lender. any Funds heId"by
<br />Lender al tbe: tlme of apptication as a credit .,aiRst the sums secured by thIS Deed of Trust,
<br />3, A,........ of..,...... U nle" applicable law prOVIdes otherwISe, all payments n:ceived ~~r under !he
<br />NOIe and paragraphs I and 2 hereof shall be apphed bv I ender Ii"" In payment of amounts payable 10. . ,by IlornnIet'
<br />under paragraph 2 hereof. then to inferc'St payable on the N(\(e. then 10 the prinCIpal of the Note. and .Wen to intetat- and
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<br />pnncxal~~= '''a~V~=; shall pay aU ra'~. otsses-smenl\ and other '~~.fJCS. fines and impositions andbutabte. to
<br />the Property which may attalD a pnonty over thiS Deed of Trust. and leatebold payments or around rents. if aay, in ..
<br />manner provided under paragraph 2 hereof or_ .f nOl paid in such manner, by BOfTower makinl IMyment. when due. difflCt1y.
<br />10 the payee thereof. Bornlwer shall prompdy furnl~h to Lender all nQH<.--es of amounts due u~ this pa....nph, and in the
<br />C'\'cnt Borrower shall male payment dwcctly. Borro.....er shall promptly furnish to lender receipts evidenetDl sucb ,.ymeIlII.
<br />ltorrDwer mail prumplly dl~h.~e any lien whK:h has pnority ovcr thiS Deed of Trult; l':'"ovided. that Borrower shaH not-be
<br />reqUired 10 dn.charge any liuch hen 'i,O lonl as Borrower ~aU allfcc If! writJOg to the payment of the obUptlon secured by
<br />'>tH..~h h~n In a manner act:eptable It' Lender. or shall m good faIth contest such lien by. o-r defend enfon;ement of such lien in.
<br />lq~al prol."ecdmp \\.hlch OpC!nlC: 10 prevenl (he cn'on;emcnl 01 the hen or forfeiture of the Property or any pan. thereof.
<br />5. ~~. Bot-roW"Cf shall k.eep lhe Improvements nll'W e:\lsttDl Of hereafter erected on the Propet"ty insw'ed
<br />aga..st Iou by fire, hazards included within the term "extended ,,,verage", and such other hazards IS Lender m.y requlre
<br />and In such amounts and for such penods as l.ender ma)' icqum:; pHlVlded, that Lender shalt not require that the- -amount or
<br />..uch coverage c~ceed that amount of cO-verage reqmred to pay the sums secured by thiS Deed of Trust.
<br />111c insurance carner pr-ovlding the in-surance ,hall be chMen by Borrower subject to approval by Lender; provided.
<br />that such .pproval shall not be unreasonably withheld All premiums 00 insurance policies shall be ","ill in the -
<br />p.-ovided under "'".....ph 2 hereof or, ,f oot paId '" such manner, by Borrower making payment, when due. directly to the
<br />IDSuraDCC carrier.
<br />All IDsurance pohc~ and renewal.s thereot shall be IU form acceptable- [0 Lender and s:hall include a standard IQOf'tJaIC:
<br />dausc In favor of and in form ac,-'"Cplah~ f{) Lender. L~nder shaH have 1M fight to hold the policies and renewals thereot
<br />.and Borro.....er s.hall promptly furnmh 10 Lender all renewal noUc:es and all f<<eipt' of paid premiulII$. In the event of Joss.
<br />8orro..--er shall IWe- prompt nottC-e (0 the Insurance carner and Lender Lender nlay make proof or loa, if nol made prOftlptly
<br />bv Bo.rrower.
<br />Unle:a., Lender and Borrower i"lthCPA't$C agree: an wnlmg, lnWraR\.-"'e proceeds shaH be applied to restoration or repair of
<br />!h~ PT'l'tpert)' damaJCd, provided soch reitorallol1 or repair j'" c..:o-n-omteally feasible and the MetlFtt)' of this. Deed of TrUlt is
<br />not lhereby tmpatred, If s.uch resloratl()O Of n:ptur l\ no~ cconOfm"aUy feaSible or Ii the wcurity of IhiS- Deed of Trust would
<br />l:'C Jmpau'ed. the mS1.Innce PhlCeetb, $hall be apphett lO Ihe sums secured by this Deed of Trust, 'kith the excess, if any. paid
<br />to Bom'lwer. If the Propert)' is abandoned by 8orro....er. or If Borrower hHs. 10 respond to Lender within 30 days from the
<br />date DOUce l!tl> m-ailed by Lender to Borro-,'cf that the Insurance ,aeCler offen to KUIe a claim for insurance benefits.. Lender
<br />is aUlhonzed to coHeet and apply (.he insuram.-e OJocceds at L.ender's. option CUMr to restoration or repair of the Property
<br />or to the sums secured bv thl'S Deed of Trust.
<br />Unless Lender and Borrower otherwiie agree In wnung. any such apphcauon of proceeds 10 principalshaU not e.rend
<br />or postpone Ihe d~ dale of the ftklnthly Inst.aUmcms reteHed 10 In paragraphs I and 2 hereof or chan. the amount of
<br />~uch Installments. If under pa,falfaph I ~ hereot the Property Illo acquired by lender, aU right, title and in,crat of Borrower
<br />In and to any msurance pohClO ..nd 1ft and to the proceeds thereof r'e\ulung from damsac to the Property prior 10 the sale
<br />'olf :ticqUISIlJOf1 'ShaH pass to Lender to the e:.,lent ot the sums ~ured b)' th.s- Deed of Trust Immediately prior to luch sale or
<br /><acquu.itwn.
<br />'- rr-n....... ll.....__~ of rm,ert,.: lA....... l'll.~Jl.wi""'l ...... U'" De.......-. Borrower
<br />"tl.lH keep 'nt" pr\~ny Hl ~QO\.i repair dod ...-hall n(i! '.x-mOltl ""u'l:.le (H permit lmp.unnenl or deterioration of the Property
<br />.md shaH compJy With the proVISIOns of any kase if this Deed (if Trust IS on a leasehold. If this Deed of Trust i$ on a unit in a
<br /><.:i.mdomlntum or a planned unH develt"pmenL Borrower shall periorm all of Borro..'er.s obligallons under the ded-arauon
<br />,~r -.::{wen.nts t::reatm$. 0( gt~veTOing the ('t_)OdOmln1UOl or pJunned unIt de-.....elupment. [he by-laws and regulations of the
<br />..undoa-nmrum Vi rJanr.c-d lm:: Uevc!opmem, ~!'!d (0!1'SH!ut"nl Qnl.'ument.. Ii a \.'(1ndominmm or planned UOII de-veh;lpmcnl
<br />flocr 1\ eAecuted by lk'lrrowC'r and rCt.:ord.;-.d hJgc-lher "'I!h IhJ"> Deed <.1 I rust, the- nlVenanlS and agreements of such wJer
<br />,hail he mcorporated lOW and ",naB amend <inti supplement the C(l\-e-nanh aot.! agrecmenl5 of th;~ Deed 01 Trust a~ If the nder
<br />wC"rc >> pan hereof
<br />7. .....-- of LnMIer'. Sr<-tIrity. If Borruwe-r tluis to per-tOTftl the \:ovenanlS and agreements. ..'(\nIRlOcd in thi"-
<br />Deed ~t Tnat~ or 11 uy actn.m fH pToceechng l!lo Ct)mmC'nced .....hu.:..'f1 matenallv atfects Lender"~ mlerest m the Property.
<br />mcludin,~ but not hmtted to. cfrunent domatD. IOwlvc:nC)-. ~ode enforcement. or arrangtmtenb or proceedlOfP Ulvotvmg u
<br />bankrupt or decedenl. then Lender at Lender', optwn. upon notH':c ro Rorn1wer. may mak.e such arpearanct.'\. dlsbn-r-sc ~uch
<br />~UfDI and ta,ke such acno-n 8." l?l n<<euary h\ protect Lende:f.~ Inlert..~I, tndudttlg. bUI not Iiml[ed h", dl!obur~meOl [l-l
<br />~ aUof~'5 fees and entrY upon tbe Prot'JCn~' tl> make repaln if LcmJt"c r-eqwrcd monp,c: m~unnl;~ ii" a
<br />COndition ~ maktn, the loan secured h) thl.$ L>e:cd uf J.rU$l. Borrower \hall ra~' IhC' premlUrlUi re4ulf~ W IH.J.lllia;,: -,.1;.:0
<br />IrmtnU'ICiC to dlect until such time ., the ~ tOt' $l,lch lOs-uram:e fernHfultes In ;l~cordanl;e With Do-nOVice ~ .'Hld
<br />Leoda-'1 wrtUcn aareement Of applicable law Bo-rrower shall pay the amount ~'I all mortgage lO'iurant."C pre-mmOl~ Ifi thl;'
<br />m..._ provided \Ulder pa....raph 2 he"""
<br />Any amouots dis-buned by tc~r punuant it\ ltlt.~ pa,u,raph l. ",cl!h Interest lhtrt'on_ ..hall hc..:~Hne addninnai
<br />1...........01 ~ secured hy th!!!; Deed of l'rul\l t '"leu Borrower and I cnde:r a~ree h.l olher (etm~ uf pa,!'>lllC'nl. ..m:h
<br />aJQtlUftU shall he .-tabie upon oot<<".'e trnt11 Lender tv Ik)TfO"A'er rCQ-UC$lm. p*ym~nt tbefrof. and shall Mar lotera'!. Iron' Ih~
<br />date \If dilbu1'Wft'lCll1 .t lbe rate payable hf'lm ti1ne to ti-me on ouhta-Ildlflil prmcfpal under lh-e N(\te unlcs$ payment of llltern"l
<br />.t web rate ...--oukI be contra.ry ,() applKablt' la~, tn whit,,, ("vent <'H('n a.Jnpunh .-.hall h(<ar mte-rt"<H a1 the- tll~ht"St fAI('
<br />piMlntM1b1e under .ppl-I:I;I~ law NCrl:hm. t;-rmtauu:'d tn !ht'" paralnph -, ...h.ill n~l)Ulre l.ender h' lnt.'ur illn' ("lpen~(' or lake
<br />An, *"- ..........
<br />.. ~ tender m.,' make ur \'-il~ 10 ht' m-!ide rea",,'funk cnHW'" tlf'l.-tf! Mhl ir""P'X'hono.; ,,'1 the P!(~v.ert\, pH" Il.k,1
<br />th.ld l......... ftVCt Botfow8r nOlK~ rnOf to ,my ~-\Kh ;O'\pEclt-tm i~(.'l')'-ln~ re.a"fmA~!e cau't:' t~~to, ftJafid M....lctl-dl"f ~
<br />,n'_ .... Pr_V .
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<br />84 - 002301
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