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<br />UNIFOIIM COVENANTS. Borrower and I.ender covenanl and agree as (ollows:
<br />.t. ~ ef ........ _ 1_, Borrower shall promptly pay when due the principal of and interest on the
<br />,ndebtedness evidenced by the Note, prepayment and late charges as provided in the Nore, and the principal of and interat
<br />on any Fu(ure A.dvances. secured by this Deed of T nlst
<br />:z. ........ T_ _ 1_, Subject to applicabl. law or to a writt.n waiver by lender. Borrower sball pay
<br />10 lender on Ih. day monthly installments or principal and int....t are payable under the Not., until the Not. is paid in full.
<br />a sum (herein "Funck") equal to one-twelfth of Ihe yearly taxes and a~menu which may attain priority over this
<br />Deed of Trust and ground rents on the Property, if any. plus: oDIHwelfth of yearly premium installments for hazard insurance.
<br />plus one-twelfth of yearly premium installments ror man...e insurance. if any, all as reasonably estimated initially .......from
<br />time to time by lender on the buk of .......ment. and bills and r......nable estimates theNOt,
<br />The FlUlds shall be held in an IlUIitution th. de",.:.i.. or accounts of which are insured or guaranteed by a F......lor
<br />nate agency (including lender if tender is such an institution). lender shall apply the Fun'" to payuitlt._ ~.. / .....
<br />lR",rance premiums and ground rents. lender may not chalJC for.... holding and applyins the Fund!I, analyZJft"IIKi.\.~.
<br />or v.rifyins and compilinR sa.d _ts and bills, unless lend.r pa)'$ Borrower interest on the. FUn'" andappliol!/e law
<br />permits Lender 10 make such a charge. Borrower .and Lender may agree in writing at the time of euc:ntm~l-'. ~._ -t~
<br />Deed of TrUllt Ihat inte....t on the Pund. ,hall be paId to Borrower, and unless such as-ftt is made or aJllilkaflfli"Ia..
<br />requlles ,uch interest to be paid, Lender ,hall not be requIred to pay Borrower any inte....tor .am~ on the FIIndI, l.eftder.
<br />s.hafl give to Borrower. w.tbout charee. an annual accountmg of the Funds sho",.ng credits and debits to the:-Fu~-.nd:,'be
<br />purpose for which each debit to th. Funds was made. The Funds are pleclged as additional --uy for tlIe,_.-.nd
<br />OJ' th.. Deed of Trust,
<br />If the am......t of the Funds held by Lender, tOR<ther with the future monthly installments of Funds payable prior tll
<br />the due dates o! taxes., assessments, IO$uranee premiums and gTi?'und rents. s.hall exceed the .a1D(,unt required. to,..p.y-sa':d ta-..
<br />assessments. Insurance premIUms and ground rents as ihey faU due, such excess shall be, at Borrower$ O~ ~....
<br />promp1fy re-pald [0 Borrower or credited to Borrower on monthly instaJlments of Funds. If the amouftt- of-.;the "F-Uads-'
<br />held hy LendeT shall not be ~u1Iicienf to pal' taxe.., assessment.~. insurance premiums and ground .rents- as thq"'aJl'duei-_
<br />Borrower sha.ll pay to Lender any amount neccs.qry to make up the deficiency wltbin 30 day, from the date notke -is mailed
<br />by lender to Borrower requaung payment (hereof.
<br />Upon payment in fuft of all sums ,e,,,.re<l by .h.. Dee<! of Trust, l.ender shall promptly refund to BormwerlUlyFUJido,
<br />held hv Lender If under paragrnph 18 hereof Ihe !'roperty ,. sold or the Property IS otherwise acquired by lender, lender
<br />..hall apply. no later than immediately prior to the \ale of the Propeny Of its acqui$lt-,on by tender. any Funds 'held 'by
<br />I ender at the tlme of application a.~ a eredif apinsl the sums secured by this Deed of Trust. .
<br />3. A.......... of r.,-. U ill"", .ppIK.ble 1.", prov,de. othel'W1se, all paymen.. re",,,ved by lender under ,he.
<br />Note and paragraphs 1 and 2 hereof shall he applted by Lender first 11\ payment of amounts- payable 10 Lender by Borrower
<br />tinder paragraph 2 hereof. (hen to interest payable 011 the Note. rhen to the principal of the Note.. and then to interest and
<br />pnoclpal on any F'utUft Advances.
<br />4. CIaMtes; ~ Borrower 'ihllU pav -iH ta\.c.... ~tSse!l$-Ol:enlf.. and pliler charges. fines and Impositions attributable to
<br />the Property which mal' attain it pnoot)' over thi~ Deed of Trusl. and leasehold payments or ground rents. jf an,. in die
<br />manner provtded under paragraph 2 hereof Of. If not paid in such manner. by Borrower making payment. when due. directly
<br />to the payee thereof. BOrTo.....'er.ma1l p-romptty furnIsh to Le--nder aB noHces of amounts due under thit paraaraph. and in the
<br />e-VeDt Borrower ,hall make paymem dlrectly. Borrower ~haU promptly ftlrmsh to Lender recelptl evidencing such paymefttL
<br />lJu,rrower shall promptly dl!k:har~ any hen wh<<.:h has pnonlv over thIS Ot..~d of Trust~ proVided. that Bono~r shall not be
<br />fcqmred to dbCharge any such hen ,\.\) long a~ OQrn.)wer '\haU agree to wnti-n~ 10 the pa)'lN'Dl of the obIllauon secured by
<br />\uch hen 10 .l manner acceptable h' I.ender. or shaH In good faIth contcst such lien by, ot defend enforcement of such lien in.
<br />Jeg.aJproceedan8\ whu:h opente tn prevenl the c-ntorcemenl ot the hen or forfeiture of the Property or any part thereof.
<br />5. ......~. Borrower .;hall kcefllhe ImprO'1te-menu now cl.:l5.ung o:r hereafter erected on the Property insured
<br />4gaUn! loss by fire, hazan:b Hlcludcd ",,-uhm the le-rm "e.!endeJ <;twcracc", and s-uch uther hazards ~ Lender may require
<br />and In such amounb and for such penods a.\ lender may reqUire: prOVIded, that Lender- shaD nOl: reqwre that -the amount-of
<br />~Hch coverage exceed that amount ....ll coveraec reqUired 10 p.y th~ sums secured by thiS Deed of Trust.
<br />The insurance carner provlding lhl:.' insurance '!ihatl he chosen by Borrower subJ:CCt to approval by Lender: provided..
<br />,bat such approval shan not he unreasonably wllhlteld. 1\11 premiu.... on msurance policies .haIl be JIlIid ift the _
<br />provided under puqrapb 2 hereof Ot. It not JIlIKI in such manner, by Borrower makin, JIlIymenl. wheft due, directly to the
<br />IQSUr8iDCe' carrier.
<br />AU HlS;unmcc:- pobCleS and renewats 'he-reut shall be U1 torm a-c-Cept-abtc to Lender and shan include a standard mo",.
<br />dause In fayor- of and in form acc.::c.p1ahle to Lender. Lender shaU have the right to holtJ tbe poUcles and renewals thereof.
<br />and Bor-rov.-"ef" sball promptJy turntsh to Lender aU renewal ootltt<;. and aU f<<CfPIIO( paid premiums. In the event of loss.
<br />80rmwer shall give prompt notice to the IOsunm:,t: l:arne.r ami Lender. Lender may make proof of 10111 j-r not made promptly
<br />by Borrov."1!r.
<br />" Unla." Lender and Borrown olherwtSe agree In '>*Cnlmg. .o.sunn\.:c proceeds shaU be applied to restoration or repair or
<br />the Propen'y dlun>>Jed. p-rnvtded s;uch r-emont<<H1 {if replUf 1"- C-ClHlOItllCllUy tea'\lible and the security of this Deed of Tntlt it,
<br />not thereby tmpaueti. if ~u-ch fCltoration Of repair l"!i aot et.:'ononucaUy {eallble or :f the security of this Deed of Trust would
<br />be llnpau-N, tbe Ulsurincc ptoccetb snaU be- apphed to the sum-i socufed by this Deed of Trust. with the excess. if any, paid
<br />10 Borro,,'cr. If the Property 15 abandoned by Borrowef, or it Borrower fads to respond 10 Lender within 30 days from the
<br />date DOUce is maded by Lender to BorrO'Net that the- lnSuraI\Ce l:aruer offers to liCttle: a claim for insurance benefits. Lender
<br />IS I.uloonud to COUec.1 and apply the m-surance proceeds 31 Lender's option eJIM,r to ratoration or repair 0" the Propeny
<br />Of 1-0 the IUID$ .:cured by thiS Deed f."lf Tro!".
<br />UnJea l.cndet- and Borrower otherwise: agree It; wnung. any such apphcauon of proceeds 10 principal shall not extend
<br />or poil~ the due dale 01 tbe monthly uut.Umenbi referred 1(' to pa.ragl1lph5 I and 2 hereof or chan.. the amount of
<br />,uch Ul>tallmen... If under par.....pb I K he""" the Propeny " acquired by Lender, aU right, (itte .nd interest of Borrower
<br />U1 .Dd t~ an) Ins&.KaDCe pohctU and to <Iud to tbe pr~c-edi lhe-r~')f r~uitlnl from damaae to (he, Property prior to the sale
<br />or IIcquwuon shall pass to Lender to the e:ttc:OI of t-he ~ums secured b)' lhu. Deed of Trust immediately prior to such sate or
<br />acquililion"
<br />'- "'-"_'" M-..._.tt 01 .......,; l.e~ Cu,,~--~ ..... U.. o.'lt .Vl.... Borrower
<br />...ha.U keep the Pr-ope-n) In g-ood rep.ur dnd ,hail 0(11 (omnnt \<< a!llt~ ..If pc-nnll Impalrmcnt or det~fiofallon of the Property
<br />.uld. shall comply with lhe pro~wons of an)-' leaK If this Deed fl-f Trust u, on a te.uehold. If this Deed of Trust lS on a unit in a
<br />condominIum or a planned unH deveiopment. Borrower shall ped-orm all ot Borrower's obliptions under the declaration
<br />Of' coveaants i:.teatin. or govcrning (he ..:ondommium Dr planned unil development. lhe h)'.laws and regulat.ions of the
<br />t.-"OOdamIaium or planned un.t deveiopmcnl. and comttluent documents, I ( a condominium or planned uoU development
<br />nder .IS CXCt,:uted by Borrower and fC\.-'Onk-d lug:ethcr wllh lh!j, LJeed l)t 'rtJ5I, the covenants and agreerm:nllii of such rIller
<br />shall be UKorporated inlo and shaH amend and ~uppicmeUl tht: t:lJ\-'euanh and agreements. ot thiS D<<d ot Tru\t as if thr: rider
<br />".re a parI hereof.
<br />1. ~ of I....... Set:wily, It Borrower latl~ to perform the CQVeOilnl5 and agree.menh ~l)ntalfled in thi\
<br />~ of TI'UIt. or if any achon or pf(llOeedml 1$ cl-1mn'tt'ulXd which malenally affect' l.ender's mterest in the Property"
<br />Iodudmc.. but DOl hmi&cd (0. emlDent domaUl. msoh-"enq. 1.'Odc entorc-cmcnt. or arrangcmenb Of proceedin~ Involving a.
<br />hanlr.1-pl at dec:eda:t. then Lendc:- dot Le:nde.r.s 0-p:~,-\{1, upon avt~t. ilJ 3uftv.~j, ll\.ii) IlUt_J..c :.uch appearances, \,hsbunc 'S-U\:h
<br />$umt- and tau such acuon U i;\ necessary- to protect Lender's mtc.re.\I, 'f1:f,,~ludmg. hUl not limned to. dis.bur!roCment ~~t
<br />reMOGabIe attorney's fCle$ aDd entry upon- the Propert'f to majue repaus. If Lender required mOflpBC tns-unmce a~ It
<br />~ of roakIna (be loan ~ bv tfU5 Deed of -trtbt. Borrower \hall pay the prenuums required W rTl-;uotam \llt'h
<br />Insurance 1ft effect until suclt hoMl' ti the requirement tor such tosunnce tc-nmnafa Hl .1'1:."(;ordal)C'c wrth 8orrower'~ and
<br />loDdcr't. wnuen ~ or app&icable law. Borrower s.halt pav the amount or .tit Ill<)rtgage tnsurarn..--c- premiums 111 rhe
<br />__ pnwided under .........pb 2 hereof. .
<br />^:l......-.s ditbruned by teftd:c-r puf1.Uit-nl to tbJ-S ptlra.,-apb /, WIth !Ole-reM thereon, ,haU t<et:Ofn-e addulOnul
<br />lr~, ~ Qf Ikvrowcr -iCCUf'C!d by thl' flre.ed of Tn.bL Unic:Jli Bofl'(JlWef and l.ender agree to other te-rm~ 0' payment, ~uch
<br />~..a.u be pa-yable upon 00lK.'"C from Lender tv SQrw'Wcr ~UiC$..JOI paymcru ttJ.enof, and sh-aH hen mte-rest fn~m the
<br />d_ of ~ at the rue pt.y'" from ~ to- lune on otJtst~,ndinl principal under 1M Note UQtes~ payment of interest
<br />at ,tudl, tate ~ be, COOUAry to applic.able I.aw, In which event such amO\JJl-h \hllJJ hear lf1tereS--l at !he hi,hest rate
<br />petlllillible under appticablc la.. Nothtn. contained In th~., paoll1'&ph 7 "hall reqUIre Lender 10 Incur any n.pC'OM ur fake
<br />_y adMt ...........
<br />... ~ l.... mat maLe Of l,..-3."lIlC h~ he made rc.aii!Of\.bk emnCi up1;'n .tnd mspccttOfts 01 .rhe piop.n.,.. pr-H\-iljeo
<br />that ~........ Iotrower fidt<<."'C ptlOl to- .any ~uch ill1-pe4.tH.ltl lJi-i-W;C-l!yml feas.t:ln.;thlc \.-..lUW: thereh'-I fdalt:"d h.l I ('ndCf ..
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<br />84 -002307
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