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<br />84 - 002330
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<br />UNIF(H;M COVtiHAN'rs. Borrower and Lender covenant and agree as follows:
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<br />-I. ~ of PriIodpIII ... 1_, Borrow.r shall promplly pay when due lhe principal of and inl.r"l on lhe
<br />I/ldehtedne.. .videnced by Ih. Nole. prepaymenl and lal. cbarges .. provided in lb. Not., and lhe principal of and inl_1
<br />on any Future AdvanCCCl. secured by this Deed of Trust
<br />2. F-* fer T_ ... 1_, Subject to applicable law or 10 a wrillen wai_ by Leader. ~ Iboll PlIY
<br />to L.nder on lhe day monlhly installmenr. or principal and inl.....t are payabl. under lhe Note, until the Not. is paid in full.
<br />a sum (herem "Funds"j equal to one-twelfth of the yearly taxes and 3sscsmtents which may attain priority over this
<br />Deed of Trusl, and ground rents on the Properly, If any, plus one-tw.lflh of yearly premium in....'ments for hazard insurance,
<br />pI.. one-twelfth of yearly premium installments for monpge insuranc., if any, all as _ably estimated initi.11y and from
<br />lime to lime by lender on the brlJia of _ments and bills .nd reuonable estim.... tltenlof,
<br />The Funds shall he held in an institution the deposits or accounts of which IlJ'll insured or guaranteed by . FedofaJ.ar
<br />stat. agency (including Lender ir Lender is such an institulion). lender shall apply tbe fUnds It> pay said laxa. ................
<br />I/lsuranee premiums and ground rents, L.nder may not cha..... for so hoIcIin. and applying lhe FundI, analyJllII'.uldllCil:ilUnl
<br />or verifying and compiling said ......me.lI. and hills, un.... Lender pays Borrower interest on the Fonda and appIicable'la.
<br />permits Lender 10 make such . charge, Borrower and Lender may a'.... in writing at lbe ~ime of e~ f!f. ~
<br />Deed or Trusl Ihal ml.resl on th. Funds shall he paId 10 Borrower, and un.... such agreemenl IS made or ~I~w
<br />r.qui.... such interest 10 he paid, Lender shall nol be requ..ed 10 pay.Borrower any interest or ..minp OIIlbe F.... ;~.
<br />s.hall Jive to Borrower. without ch.f'IC. an annual accounting of the Funds showing credits .nd debits to the-FUnch"....,:...:.
<br />purpose for which each debit 10 th. Funds was made. The Funds a... pledged as additional MCUriIY for ----
<br />by this Deed of Trust,
<br />If lhe amounl of .he Funds h.ld by Lender, t....lher wilh lhe fulure monlhly installments of FuncIa payable p,rior 10
<br />:he due da;es. ut l.a)ia. .iiniiltenii, iM\ii.ilaU; premium;. and jround iCnts, ;b.-ll CX~ tha amount i'equiud ro PiTiiiid:.~
<br />auessments, insurance premiums and ground rents as Ihey fall due. such excess shin be. at 8onower"s opt.. .,....
<br />promptly repaid to Borrower or credi.ed to Borrower on monlhly installments of Funck, If lhe a_ of lbe f:iirIdj.
<br />held by t.nder shall not he sofficienl 10 pay t..... ......ments. insurance premiums and ground _II .. lhoyf.lI_
<br />Borrower shall pay '0 Lender any amolln' necessary to m.ke up the deficiency wilhin 30 days from lhe date -*. is maiIecI'
<br />by tender 10 Borrower req....ting payment 11tenlof.
<br />Upon paymenl in rull of all sums secured hy thtS Deed of Trust. Lender shalll'romplly refund 10 Borrower any Fonda
<br />held by Lender. If under paragraph 18 h.reof 1 he Properry " sold or t he Property IS otllerwise acquired by Lender, Lender
<br />shall apply, no la.er Ihan immediately proor '0 the sale of the Property or i.s acquisilion by Lender. any Funda held by
<br />Lender allhe time of application as a credit against the sums secured by Ihi, Deed of TrUll,
<br />], A...- of r.,-o.. Unless apphcable I... proVIde> Olherw,oe. aU payments received by Lender under lhe
<br />No.. and paragraobs I and 2 hereof shall he appJred by Lender firs' 10 paymenl of amounts payable 10 Lender by Borrower
<br />under para,raph :2 hereof. then to interest payable on the Nott'. then 10 the principal of the -HOle. and then to in.erat and
<br />prIIK=lpal on any Future Advances
<br />4. C~; I...... Borrower ...haJJ pa~' all tn:\t.\, aSSC!W1lentor; and othcr chargcs. fines and impositions aUributahle to
<br />fhe Property which may attain it prionty over lhl~ O<<d (If Trus-l, and '''asehotd paymeDb or around rents. if aDJ. in ....
<br />manner provided under paragraph 2 hereof or. If not paid in such manner, by Borrower matin. payment. when due. diredly
<br />to (he payee thereof. Borrower shall promptly furmsh to Lender aU notices of amounts due u~r lhit- paI"8Inph. and in the
<br />event Brn-rower ,hall mue payment duectly. Borrower shall promptly furnish to Lender recelpQ cvidencin. such payMents.
<br />Borrower sha.ll prompd). dlk':har,~ any hcn whIch ha~ pnorny over thJS Deed of Trust: provided. that Borrower shall not be
<br />reqll1fcd to dl~ha.rgc any such hen "0 long a\. lJorro'A'er "hall agree III writing to ~~~ payment of the obligation secured by
<br />'lI<:h lien In a manner acceptabk 1\1 Lender, ue "haH III good faith contcsr such hen by. or defend enforcement of such lien in.
<br />legal pn:x:eedmp which operate (0 prevent the- c-ntOf"\---emenf of the hen or forfeiture of the Property or any part thereof.
<br />~. 1I-.I1...--e4 8orrowe-r Soh all keep Ihe Impro\-'emenls now eli:lstmg or hereafter erected on the Property insured
<br />dgAIO;o.l kID b~' tire. haurds. mduded Olr"llhm the tarn .'e.\lendeJ l.:overage", and suc-h other hazards as tender may require
<br />and m such amounll and for such periods as. Lender may re-qlur-e; provided. (hat Lender, shall not require that the amount of
<br />",uc:h coverale exceed that amounr of ,",overage required 10 pal' the sums secured by thiS Deed of Trust,
<br />The insurance- carner pro\'!ding the IfL"i.lIran-cc 1l-halJ be (..~ho$Cn hy Borrower subject to approval by tender; provided.
<br />.hal such approval shall no. he unreawnably wrthheld All premium> on insuranc. pulicies shall he paid in the _
<br />provided UDder paraaratIb 2 hereol or. It not paod 10 such manner, by Borrower making peymenl, wilen due. directly 10 tbe
<br />lla,Urance c.amcr.
<br />All msuraoce policies and renewals; thereot sh.U be HI form a~ceptable lO Lender and shall include a standard mon,.
<br />...'!aU5C 10 favor OJ' and in fflf1ll ilc-ceplahh.~ to Lender 1.ender shall have lhe nght to hold the poI:ic:ies and renewall thereol.
<br />and. Borrower shall promptly t urmsh to LcntJr-r :ttl renewa-l notlC~ and aU receiptS of paId premiums, In the event of loss.
<br />Borrower shan glv~ prompt notIce 10 the 1fl$Urance ...:arner and l.endt"r. Lender may make proof of loss if not made prOlllptly
<br />bv Borrower.
<br />Unless Lender and 8orm'A'ef othCTWISC' agree In .....rttlng. Hl'iur-ance proceeds shall be applied to restoration or repair of
<br />the Property damaeed. pro\'tded slIch r~I()f'attun or rep.ur I" cconomKa-Hy feasible and the teCurily of this Deed of Trost is
<br />n;.)t thereby Impau-ed. It ~u~h restoriStiOn Of repair H. not econt.~mi~aHy feaSible or If the securilY of this Deed of Trtl5t would
<br />he Imp.ned, the tU~unn..:e proceeds i;haU be apphed 10 Ihe sum\ secured by (his Deed of Trust. with the excess. if any. paid
<br />to Borrower If the Property IS abandoned bv BOfH'lwer. .'f If Borruwer fad'!. to respond 10 l..ender within 30 days from the
<br />date nolt1,,~ i~ mailed bv l.ender 10 Borro"".er Ihat the Jnsurance I.:"arner offers 10 Knic a claim for Insurance benefits. Lender
<br />1$ authonzed 10 collect and apply the lIt5urance proc<<ds OIl Lender',- oplion etther to restoration or repair of the Property
<br />or to the sums secured by thl1 Deed of Trus.r.
<br />Unless Lender and Borrower otherwlK agree 111 wfllang. <In.,. \luch appli~lIon of proceeds to principal shall not extend
<br />or postpone the d~ dale ot the monthly In-slallmenb rderred to an paragraphs I and 2 hereof or chanlC the amount of
<br />~uch mat.aUmenls If under paralf.ph I joi; berC'()f the Properly 1\ aCQUired by lender, aU right. title and interest of Borrower
<br />In and 10 any msuranc.."e pollCles ilnd In and to th~ proceed.\ thereof Te$ulung from damaae 10 the Property prior to the !It.ale
<br />\lr Icqu..lhon maU pass to l.ender to (he extent ot the sums ~.cured b~ this Deed of Trusl immedialely prior to such sale or
<br />acqUISitiOn.
<br />,. PI_........... ~ of Pmperty~ l...e~ ("DllMRliIIl... ......... UIIiI 0e~t1 I~ 11. Borrower
<br />,,-hili I keep the Property In g{.l(~ repalf ..rnJ ~halJ not ~omnlll v.all.te .H pcrnll! Imp.urment or deter-ioration of' the Prope:rty
<br />;.tOO sha)1 campy .-ith the pro"lSIOOS of an)' ~ If this Deed of Trust i!o on a leasehold. If this Deed of Truslls on a unit in a
<br />..::ondomimum or a planned unit development. Borrower shall pedorm all ot Borrower's obhlllioM under the declaratIon
<br />Hf ..:OVCDaDls crerllllng Of govermll, UlC \.:onOommtUm or planned unIt development, the hy~law'S and regulatIOns of the
<br />...-ondomintum or pJanned umi developmc-nL and ...:",mslltuenl dOCl!me-nh, If a t.:ondomiOlum or planned UOIt development
<br />nder l:!i C1KUted b-y 8orr(.'l,,'er and recorded toge-ther ~llh thl~ [)eed of .1 ruSI, the nwenant5 and agreements of such rider
<br />ihall be IOc.orporated lOW and shaH amend and suppi~ment lhe "':(lvenanh and agreement" of thIS Dccd oj Trust a~ If lh~ rider
<br />were . perl hereof.
<br />,. ~ 01 1...eMer'. Set....J. If Borrower falls 10 perform the ...:ovenanlS and aMrcemenl!> ...'ont8IOed in (hi..
<br />Deed of Trust. or If any action or pf"OCC:ed.mg I" l,:oftlmenccd whtch malerlally affects Lendt:r'! Inlerest In lhe Proper"'.
<br />:nclucima. but not hmlled to. emtnent domatn. :llsoJvenq, ....odc enforcement. or arrangements or proceeding!!' u1\'olvtng l.l
<br />bankmpt or decedent. then Lender at Lender", option, upon nmitt to Borrower, may make- such appearancC".!>. dl~bllrse such
<br />~Um! aud ~ake ~ucb action .;!'\. ::; n~ry t~, e.ctO;:CI L..cnJcr-". dite.e"L .lh":UJiU~. bol nul llmlteo tlJ. ~h~hUJ~menl \11
<br />~bIe- aflOllJCY', feet. and cotry upon t.he Propert)' 10 make repalrs If 1.endcr reqUired mort,aJC lIlsur:U}c-c .1' ,j
<br />coadttion of mQln, the loan 5CCUfed by lhd Oec.d of Trml. Borrower ,hail pay the premiums requJrw to flHunlalO ""uch
<br />f~ in effect untll such lime as the requirement fOf such Insurance terminiues In accordance WIth Borrower'~ .\nd
<br />1..cadIr', W1'1l,lcn ...-maot or applicable law. Borrower shall pay the- amounr of all mortgage ills:urance premmms III th("
<br />m&nMr prov.cIed under JIUlOIfaph 2 beJeof
<br />::L amouatt. dilbuned by Lender punuam to Ihts paragraph "'}. wIlh lotereJl thcreon. ~h-all ha:ome <uJdlthlnul
<br />Ind.t: tea of Borrower IOCUI'ed by Ihis l)eed 111 Trust l.!nleu 8on-ower and Lender agree Itl other terms ol payment. \U(,t\
<br />amounla.....t be payable upon nutla: (rom Lender h\ Born,....cr requa-Im(l payment thereot. and shall he.1" tnleresr from lhe.'
<br />date af............. at the rate payable from time f() umc un ontlt.and.nB pnnctpal under the' NOle \ml~5 p.ymetl( of inlefelJlt
<br />at MK"h r.te would he l.:OI'UJ""Y to apphcabli!' law. In which event \Ht:h amount" ~hllH hear Inte~t ilt the hllthest ,ith.'
<br />~ under applicable law '\iotbinl contamed 1ft thu. para,r-aph 7 ..hall reqUlft' lender t;:i IOI.'ur :1ny e~pe-nse or lake
<br />..., """""----.
<br />.. ......... l..enckt may mue (If ~alde to b>r m1lde rea.sonllbh.' t"ntnn lJpOfl <tlW tn!O-pe,.'lom III the Prn{)<<'rry. I'r'I\-Hh~\1
<br />lbat lcadtt...... pc Borrower nOh(.'C pnor t,Q an)' s\K-n m'lpo;tl1.H1 l-piCcllyml re.a.s~lf\.ble .....lU'loe th.:r-eill; l(',aled l\' I ,mJt'f ,
<br />,....._ 1ft tile '-t..
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