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<br />84 - 002339
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<br />UNIFOIlM COVENANTS. Borrower and Lender covenant and alrec as follow.:
<br />,I. ~............. --. Bor..-er .h.1I promptly pay w'- due the l"'inci...1 of atilt illl_ on the
<br />Indebtedneu evidenced by the Note, prepayment..... I.te ch...... as provided in the Note. and the principal of .ml'i!I\enIIl
<br />on any Future Advance!. secured by this Deed of Tru5l.
<br />2. ....... T_ .. r-. Subject to applicable I.w or to . written wai_ by 1..eadtIr. -.-.....
<br />'0 tender on the day monthly inst.II_1s of princtpallllld interest..., payable under the NMe; untihhe Note iapUl.iafUII.
<br />a .um (herein "Funda") equ.1 to one-twelfth of the yearly...... .nd ._ which may .1IIlin priorilYoverthis
<br />Deed of Trust, .nd around ...nll on the Property, if .ny, plus one-,welfth of yearly ,......ium ins..u-ts forbllZlll1linsur-.
<br />ph. one-twelfth of yearly ,......ium installmenls for mortpF in.urance, if .ny, .11 as I'CUOIlabIy estimated initially and from
<br />.ime to .ime by Lender nnthe buiI of _15 and bills and -.llIeest~ 1IMnof. . ..' ",;."
<br />The Funds .ha11 he held in .n iDltitution the deposit. or accoun.. of whK:h .... i~ or ....r.nteed by a~' or
<br />".te .gency (incl.....maLender if Lender is such .n institution), Lender shall .pp1y the Funds 10 pay.... 't.,._
<br />IDsur.nce p...nun.... and around ...nlS, Lender ma" not ch.... for 50 hoId.na and .JIPIlriitI the FlIDlIr; '.
<br />or verifyina .nd compiIina IBId _n.. and bin.. unl.... Lender pays IIOnower ;...- onthe;Fbnda..... .' ,.,'.....
<br />permit. Lender to m.ke .uch . ch.rp. Borrower .nd l.ender m.y aaree in writint at the. time of e_util!II"~ tIIiI
<br />Deed of Trust that in'erest on the Fllnds .hall be paid to Borrower, .nd unless .uch ..- is made or aJililiQlilj,.JiiW
<br />requi_ .uch inte""" to he p.id, Lender .h.1I1101 he ...quiRd to pay Borrower any inteml or ea~'" \lieF"" ~,
<br />'h.llaive to Borrower. withoot ch_, .n .nnu.1 .ccollntioa of the Funds showi... credi1a IIIlddellils 10 the Funds. .nd.llie
<br />pu~ for which each debit to .he Funds was made. The Fundi an! Plecl&ed as additional .curity for tIte.........
<br />hy th.. Deed of TntIIl. .
<br />If t.he .mount of the Funds held by Lender, lOllelher with the foture monthly inst.llmenll of F.... pay.ble '""'to
<br />lhe due dat... of ......, _IS, InAlranee pt'emium.. .nd around renlS, ......1 e......lhe _I requiRd to pay'MiIJ....
<br />.wessments. insurance premiums and ground rents as they fall due, su<:h eKCeSS shall be, at 8orrowet'. C)__t. ~.
<br />promptly repaid '0 Borrower or credited to Borrower on monthly installmenl5 of Funds, If the _ tJf lhe..' FiiI!da
<br />held by Lender .h.n not be sufficient 10 pay,...... ......men.., in.urance premi..- .nd IfOUIIlI reDlI. D they f.II.-.
<br />Borrower ....11 p.y '0 tender .ny amount neceuary '0 m.ke up .he deficiency within 30 d.y. from the date nolice.. mailed
<br />by Lender to Borrower teqllOlliDl payment .he.....f,
<br />Upon payment in full of a1ll1U111S secured hy Ih.. Deed of Trust, Lender .h.n promptly refund to Borrower any Funds
<br />held by tender. If unelet para~ 18 hereof .he Propertv " wid or the ProperlY i. otherwise acquired by Lender, Lender
<br />shall .pply, no Ialer th... immediately proor 10 .he ..Ie ot the Property or il5 acqui.ition by Lender, .ny Funds held by
<br />Lender at the rime of application as a credit against the sums -secured by this Deed of Trust.
<br />J. A........ "'..,..... Unl... applicable law provide, olherw,se, .11 payments received by Lender under the
<br />Note .nd par......pb. I and 2 hereof .h.1I be .pplled by Lender li""ID paymenl or .mount. payable to lender by Borrower
<br />under paragraph 2 hereof. then 10 interest payahle on the Note. lhen to the principal of the Note. and then to interesl and
<br />pnnCrl~~f,: ~y~=~ s.haU pay all ta'\.C$, asse.uments and other charges. fines. and impositions auributable to
<br />the Prope..-r; w"hi..---n moil .iU.m .i j)Tiv.-i.y GW'er ihi~ Oi.o~d of Trust. .iid le~hoId pa)IT.eiila Of IIwi": &Cuts. if any, ill the
<br />maDDer provided under P&ralBph 2 hereof or, if nOI paid in such manner. by Borrower matin. payment. when due~ directly
<br />10 the payee thereof. Borrower shaH prompdy (urmsh to Lender all noUces of amounts due under this paraanph~ and in the
<br />event Borrower shilll make payment directly, Borrower s.hall promptly f1lrOlsh 10 lender receipta evidencinl such payments.
<br />Borrower shall promptly discharge any lien which has pnoruy "'o'er rhl'ii Deed of Trust: provided, that Bor.ro~er shall not be
<br />reqUired 10 diKhule anY such lien \0 long as Borrower shall agree m wTlttng (0 the payment of the obligation secured ~y
<br />.;uch lien In a manner acCeptable to Lender. or shall I" good faith conlest sUi:h hen by, or defend enforcement of luch lien 10.
<br />legal f.roccedings which operate 10 prevent the enforcemem of the lien or forfeiture of lhe Property or any pan thereof,
<br />. H-.lI----. Borrower 'ihall k.eep the Improvements now e"I'ilmp: C"r hereafter erected on the Property inlu~
<br />agamst Iou by fire. haurch mduded Within the term "e,tended \':overap", and such other hazards as Lender may require
<br />and lQ such amounts and for such pen ods as L.ender may reqUire: provuied. that Lender shalt not require that the amount of
<br />'l;uch cove,.. ut.-eed thai amount of covera~ reqUired 10 pay the sums secured by thJS Deed of Trust.
<br />The i-DSurance carrier provrding 'he In!>urance 'ihaJl be chosen hy Borrower subject to approval by lender: provided.
<br />lhat .uch approv.1 ah.1I not be: unreason.bly withheld. All premiums on Insurance policies thall be paid in the _
<br />provided UDder parqrapb 2 hereot or, If nol paId .n ,uch manner, by Borrower makin, payment, when due. direc:tly to the
<br />iDIUI'aDCI: carrier.
<br />.-\11 Insurance pohriiCS and renewal~ thereof shall ~ In form acceptabte to Lender and shaU include a standard mon._Ie
<br />dause in I.VOT of and in form accept.bie to Lender. tender shaH have the right to hold the policies and renewals thereof.
<br />and Borrower shall promptly furnish to Lcndtr all renewal llOUCes and aU receipts of pai<<.l premiums. In the event of loss.
<br />8orro'A'u shall gIVe prompt nollce to lhe Iflsunmcr carner and Lender, Lender may make proof of loss if not made promptly
<br />by Borrower,
<br />UnJeu Lender a.nd Borrower otherwlx agree in WnllOg.. Insurance proceeds shall be applied to restoration or repair of
<br />lhe Property damaged. provided such restoration or rep.ur Ie; econonuc.Hy fea.slble and the !leCurity of this Deed of Trust is
<br />not thereby ImpalCed, If Souch restoration or repair IS not economi\.-:ally feaSible or If the security of this Deed of Trust would
<br />be Impalfed. the IOsurance proceeds shalt be applied to the sum~ secured by this Deed of Trust. With the e..1l.ccss. if any. paid
<br />to Borrower. If lhe Propeny IS abandoned by Borrower. (\( If Borrower fails to respond 10 Lender within 30 days from the
<br />date noUt.:e is mallet.l by lender to 8orro't\'cr that the lDsurance \."arner offers (0 sellle a claim (or insurance benefits. tender
<br />IS authorIZed 10 collect and apply the insurance proceeds at Lender'i option etther to restoration or repair of the Property
<br />()f to the aums .Kc-ured by thiS Deed of Trust.
<br />Unless Lt'nder and Borrower Ot.he.rwlW agree In wnung. an)' ~uch application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly InstaUments referred to In par"r.phs 1 and 2 hereof or chanae the amount or
<br />such Installments. If under .parqrapb 1 W hereof the Property I), ac~ulfed by tender. all right. title and interest of Borrower
<br />JO and to any msl1f'all\."'e polli:tes and In and lo the pn:'lCccds Ihereof resuhmg from damalC' to the Property pnor 10 the sale
<br />I.)r acquisuion shall pass to Lender 1t.1 the CJl.lefll of the sums secured by thiS Deed of Trust lmmedlately prior 10 such sale or
<br />acquisition,
<br />6. ..._..... _ M"'1trl~ . '" ,..".." 1..,_.... C____ PI...... Ualt De.........' Borrower
<br />...hall k.eep the Propeny rn gt:x'KJ repitJf dnd ~ha" nO! ~omnll[ ""a-'Ie \It pt'rflHl Impa1nllC"nl or delerloratlOn of the Property
<br /><md shall comply With the prO\'ISJon~ of any ICMoe If thJS Deed of Trusl I~ no a leasehold. If this Deed of Trust is on a unit in a
<br />condominium or 4 planned umt development, Borrower shafl perJorm all ot Borrower's obhgallons under the dedarauon
<br />or covenants creatin. or go\'emlRl the ~ondomlOlum or planned Unll development. the by+laws ,tnd regulations of the
<br />..'"Ondominium or planned unit development, and constlluent documenB. If a .:ondommium or plannc-d Unit devel(lpmenl
<br />(t\ief t~ C.i.ecuied b)' Borrow.:r d.nd f&:urdeJ tugci.hci" Wlih !hr~ Dcc.J \II i rust. (he cO"'enanl~ and ag.reements ni sUf.:n nder
<br />shatl be lDcorpor-aloo into and 'ilhaJl amend and ltup-pJement the c.:,wcnanh and agreements of thiS Deed ot rrU~1 al'l If the ruler
<br />were a part hereof.
<br />7. ........ of L.aI*r'. SKtIrity. If Borrower (aIls to perform the l:Qvenants anJ agreements l.:ontaJOed in thi,
<br />Deed of Tnat. or If any achOO or proceeding IS l.,.ummen-ced which materially affects Lenders interest In lh~ Property.
<br />IUcludm.. but not h-l1\lted to. etntDem domalll. lnsolvern::), {;l.tde eniorce:mc:nC or arrangements or proceedmp In,,()I\'lOg a
<br />baokrupl or decedent, tben Lender al Lender's olltJon, upon notice TO O{)rrowcr. may make iuch appearances, dl\burse 'liu~h
<br />i-UmI and take such action as ts ne:ceHaIy to PfOlect Lenders !nlerer.t. Indudmg.. hUl no! lunlted w. disbun.errlcul \11
<br />reaIOftablc aUOI'lICY" fea and entry upon the P'ro~rty 10 mttk.e repaln. If LClltier re\tulred mortp,e msunm..:e ,t<. a
<br />\.':oMit-inn ('If ",-u.nl t~ I,~" secu~i h\.' Iht10 f~ flf Trus!, 8.-l.-rr'~""e!" ~h~!! ~"!y ~~ r.....~!\lm'! re~u:rrd to :~';:::!~,;1;~ \u~h
<br />HMUfaIK-'e In e6ect until such ume as the requUement for tuch IOsu.rancc fefmtnat~ In accordance with 8orn)w-er\ and
<br />Leader', wnDen aJteCIMII' or apPlicable law Borrower ,hall pay lhe amount of Jll morlgage lIl~uran-<<" prenllUfrui, In lhe
<br />"'_ provided under pa......"" 2 hereof.
<br />Aft' amouDlJ disbuned by Lend:er plJnWln( to thiS pal'it&fapb 7, Wllh IIltere~1 [hereon, ,hall ht..nmlC~ addlllllnal
<br />t~ of Iorrower secured by this 0c<<I 01 Trust. Unless Borrower and I coder agree: 11..1 other terms of payment. !lut:h
<br />IIf1\OUQt1w" be ..,.able upon ftOlKe frum Lender to. Borh,..~r r(;4tJC$hD' payment lhereof.. and shall beaf mtere,", from lh...
<br />date of............ at lhe rate ,.y.blc front time to hffK! un HUh-la.ndin, pnnnp~l under rhe Note unle$..(; payment of intCfeli1
<br />at tu<ch rate 'kOUId be cOfttrary tQ apphcable I...... in wh,","h event t,m:h llffioooH. 'ih.lil hear mfen:Sf "I lhe hl~hesl rlUe
<br />~ under apphc.able ta..., Nod"", ~\lOta.-ned 10 lhl" parill,filpfl 7 ~hall re"-lU1ft' Lt"nder 10 Incur am' u.ptnse llr lake
<br />an.,. ._ .......,
<br />I. ............ l.endet m~y nme or l,:ilUK IH l'te flladc ~aklUablt' ent:nec. ~tp<'n 3ud I~UOll' nfltN p~, pW\hJetl
<br />that iAa4It '..... P. Bo.'FVWet no:lJt.:e pno-r to an)' ~uc.h Jm.pe..::twn ~pcx:!fymg rt"as.onahle (au!j,l': lnnefor r-efiit#XJ !p 1 \?nder ..
<br />.n_ ill 1M .............
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