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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />,1. Pay_ of Prindpal and Interest, Borrower sh,1I 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. interest
<br />on any Future Advances secured by this Deed of Trust.
<br />2. ......... for T_ aM I_....e. Subject to applicable law or to a written waiver by Lender, Borrower sboJl pay
<br />to Lender on the: day monthly installments of principal and interest are .payable under the Note. until the Note -is paid in full,
<br />a sum (herein "Funds'') equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust, and ground rents on the Property, if any. pius one-tweifth of yearly premium instaUments for hazard insurance,
<br />plus one-twelfth or yearly premium installments for mongage insurance, ir any, all as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guarant~ by.. a Fe~raJ_ ~r
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes. assessments,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds; analyzing -said:>accollnt
<br />or verifying and compiling said assessments and bills. unless Lender pays Borrower interest on the Funds and applicable"law
<br />penn its Lender to make such a charge. Borrower and Lender may agree in writing at the time of executioll: of._ this
<br />Deed of Trust that interest on the Funds shall be paid to Borrower, and unless such agreement is made of"applicable--Iaw
<br />requires such interest to be paid, lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge. an annual accounting of the Funds showing credits-and:debits to the Funds-aDd-the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the rUlnre monthly installments of Funds payable prior to
<br />the due dates of taxes. assessments, insurance premiums and ground rents, shall exceed the amount required to pay said tax~.
<br />assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Bdrrower's option. eit~r
<br />promptiy repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount. of -the' Funds
<br />held by lender shall not be sufficient to pay taxes. assessments. insurance premiums and ground rents as .they faU due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment thereof. .
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by lender. Lender
<br />shall apply. no later than immediately prior lo the sale of the ProperlY or its acquisition by Lender. any Funds held by
<br />Lender at the time of application as a credit against the sums secured by this .Deed of Trust.
<br />3. Application of P.yments. Unle'~s applicable law provides otherwise. all payments received by lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to lender by Borrower
<br />under paragraph 2 hereof. then to interest payable on the Note. [hen 10 the principal of the Note. and then to interest and
<br />principal on any Future Advances.
<br />4. Ch....es; Uens. Borrower shall pay all taxes. assessments and other charges. fines and impositions attributable to
<br />the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground- rents. if any. in the
<br />manner provided under paragraph 2 hereof or. if not paid in such manner. by Borrower making payment, when due. directly
<br />to the payee thereof. Borrower shall promptly furnish to Lender all notices or amounts due under this paragraph, and in the
<br />event Borrower shaH make payment directly, Borrower shall promptly furnIsh to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has pnority over this Dt~d of Trust: provided. that Borrower shall not be
<br />reqUJred to discharge aoy such lien 5.0 long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender. or shall in good f~)ith contest such lien by, or defend enforcement of such lien in.
<br />legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />5. HaanI Iasu....u. Borrower shall keep the Improvements now eXIsLing or hereafter erected on the Property insured
<br />against loss by fire. hazards included within the term "extended coverage". and SUCh other hazards as Lender may require
<br />and tn such amounts and for such periods as Lender may require; provided, that Lender shall not require that the amount of
<br />~uch coverage exceed that amount of coverage reqUIred to pay the sums secured by this Deed of Tmst.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender: provided.
<br />that such approval shaH not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner
<br />provided under paragraph 2 hereof or. jf not paid in such manner. by Borrower making payment. when due. directly to the
<br />insurance camero
<br />All insurance policies and renewals thereof shall be In lorm acceptable to Lender and shall include a standard mortgage
<br />dause in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof.
<br />and Borrower shan proniptJy furnish to Lender all renewal noiices and all receipts of paid premiums. In the event of loss.
<br />Borrower shall gIVe prompt notice to the Insurance carner and lender. Lender may make proof of Joss if not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherWise agree in writ mg. lfisurunce proceeds shall be apphed to restoration or repair of
<br />the Property damaged. provided such restoration or repair IS t::J.:ullomlCally feasible ;:md the security of this Deed of Trusl is'
<br />not therehy impaired. If such n.:'Storallon or repair is nOl economically feaSible or If the securily of this Deed of Trust would
<br />he impaired. (he msurance prO\.--eeds shall be applied to the sums secured by this Deed of Trust. with the excess. if any, paid
<br />to Borrower. If the Property is abandoned by Borrow~r, or jf Horrower fails to respond to Lender within 30 days from the
<br />dat-e nOlice is mailed by Lender to Borrower that the IOsurance carner offers 10 settle a clatm for insurance beneths, Lender
<br />is authorized to collect and apply the insurance proc-eeds at Lender's oplion either lo restoration or repair of the Property
<br />or to the sums securt.od by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in wnting, uny such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred 10 in paragraphs I and 2 hereof or change the amount of
<br />such installments. If under paragraph IS hercol the Property b acqUIred by Lender, all nght, title and interest o[ Borrower
<br />in and to any insurance pohcies and in and :0 the prol.~eeds thereof resultmg from ~ama.ge .to the.Property prior to the sale
<br />()r acquisition shall pass to Lender to the e.\len[ 01 the sums lsecureti by Ihls Dt."ed of Trust Immediately prior to such s"le or
<br />acquisition.
<br />6. Presen.don and M.latenanee of Pro~rty; u.wbolds; (:oltdolDiniuol5; PI.need Unit neveloplllellls. Borrower
<br />...hall kcC'p the Pwpeny in good rcrafr and <,;hall nol COn1ll1lt ....asle 1.1r perlHll Impairment Of Jetcri(galion of the Property
<br />;lnd shall comply with the provisions of any lease If thiS Deed of Trust IS on a leasehold, If this Deed of Trust IS on a unit in a
<br />condominium or a planned unit development, Borrower shall perform all of Borrower's ubhgations under the declaration
<br />or covenants creating or governing the condomlfiium or planned unit devdopmeOl. [he by-laws and regulations of the
<br />c~ndomiDium or planned unit development. and COllttl.luent documenh: _ If a condominium or planned unit development
<br />flder IS. executed by Borrower and recnrd~ l(lgl...tner w!lh !h!~ Deed d ! rust. the covenants J.1,d d.gr\:Clilcnl~ (.f Mt,.h lider
<br />shall be incorporated lfi{O and shall amend and supplement the Cl.wcl1anl':l- and agreements of thIS Deed of Trust as if the rider
<br />were a part hereof.
<br />1. Preted... of Le"'~'s Security. If Borro\\-'er tails to perform the (:(!veni:uHS and agreements (:ontalned in thi!\
<br />Deed of Trust, or ~t any actJon .or proceedmg.'''' l.'oJUmenced which fllatenally affects Lender's lIltereM I.n Ihe ProJ.>C-rt)',
<br />IOctuding. but not limited to~ errunent domam. IOsolvenq, ,.:ode enforcement. or arrangements or proceedings Involvmg tI
<br />bankru.pt or dece-deni. lhen Lender at Lender's option, upon notice to Bmrower, may make such appearances, dishlirse ~lJch
<br />s.ums. and take such action as is necessary to protect Lender\. IOlere~l, mdudtng, but not limited to, dlshui:scmcnt oi
<br />reasonable attoroey'3 tees and entry upon _the Properly to make repairs II Lenl,.kr rC4uired moc.tgagc insurance i.h il
<br />condi~Qn Q~ ma,king the loan S~Ufed by this Deed of Trust. Borrower shail pa~- the p.rcnUUJll5 re4Ulred to rnamtain I.,w,;h
<br />~ijMjj.I-H,;-C in (.~tT~i until lj;ucn ume as. the. requirement tor such Insurance lerrmnate_':io' In acc<ordaol:"c wllh Borrower.s ;111\1
<br />Lender's written agreemcot or applicable- law_ Borrower shalt pa\' the amount ot all l11.ortgage insurance preml1ml"l In the
<br />mantler provided under paragraph 2 hereof. '
<br />Any amounu disbursed by Lend:tr pursuant 10 this paragf>tph 7, \.\\th interest then:..m, ",hall htl.:ome addllltlllUl
<br />indebtedneu of Borrower secured ~y th1-S Deed of Tmj,L Unles,.. Borrower and l.ender agree to l)the-r terrH~ vt payment, w..:h
<br />amounts -Shall be. payable- upon notice from Lender in I!onower rCl.Iuestmg paymeul (hereof. and sh.dl bear mte-rest Irom Ihe
<br />dilla of diJbu..,ment at the nue payable (rom time to tlrne nn oUht~ndmg fH.IO\,:lptllunder the NOle unless pa~'rncnt of ill1~rcsl
<br />al :IIjlCh ratc would he. contrary to applicable law. in whICh event "-Hch amolloh, shall bear mtacsl at the tughe.<;,t rate
<br />pcrrniuible under ;apphcablc Jaw. Nothmg .:vntalOed 111 lhiS palagraph 7 :>haH rt.<qUlfc Lender 1{1 lIKUr an\' e'pensc ur take
<br />any o.<;1.lon herOW\de(, '
<br />... ~ tender may make.of laUl'ie to be made rcaS00able en~m':'s upon and Ul\llCdlOlh 01 lilt' Property pr\nlJ.cd
<br />that J.~_wn Jive Borrower notice: pftm tV;Hl\ ).uch tnsnectlUn ~fl'C~tl}'lOg te~1\otlahlc CiHl:>i-t.': thCfdOl lduh;-d \,1 I ...'mier i-
<br />>Dler.ti" tM PrODertY, "
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