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<br />84 -002830
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
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<br />-1. Payment of Prind'" and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />indebtednes.s 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 T rllst.
<br />2, Fo..... for Tn.. ."" I.........e, Subject to applicable law or to a written waiver by Leoder, BOrroWer shall p.y
<br />to Lender on the day monthly installments of principal and interest are payable under the Note. until the Note is paid in ftill.
<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, plus one-twelfth of yearly premium installments for hanrd'insur3ince,
<br />plus one-twelfth of yearly premium installments for mortgage insurance, jf any,- all as reasonably estimated initially and from
<br />lime to time by Lender on the basis of assessments and biH5i and reasonable estimates' thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are ins~red or guarantee_d by a Fede"rat-or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay _said taxes, asseS$me~lS~
<br />insurance premiums and ground rents. Lender may not charge for so. holding and-applying the Funds~ analyZing:said"l!C(jOunt
<br />or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on -the Funds- B_nd applicable- Jaw
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing ~t the time ,?f ,execution-,"-Qf:j::.t~,~_s
<br />Deed or Trust that interest on the Funds shalt be paid to Borrower, and unless such agreement is made or 'appli~'a"fe raw
<br />requires such interest to be paid, Lender shall not be required to pay Borrower any jnt~rest or eamings__,on: the:-,F~~s~-: -Le":~~,r
<br />shall give to Borrower. without charge, an annual accounting of the Funds showing credi,ts,and-debits t~:tbe':_F~I'I-cJs"-a_n~---the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for tbeaum..seCured
<br />by this Deed or Trust,
<br />If the amount of the Funds held by Lender, together with the ruture monthly installments of Funds payable prior' to
<br />the due dates of taxes, assessments, insurance premiums and ground rentc.;, shall exceed the -amount require:d'lo'-pay:'-said-.l~~~
<br />assessments. insurance premiums and ground rents as they fall due, such excess shall be, at BdITowe..'s, optio~._: e,t~~
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the -amount, o~ --the_ ~pn~s'
<br />'ndd by Lender shall not be sufficient to pay taxes. assessments, insurance premiums and ground-.renls---as,::they-,-fall----d~-
<br />Borrower shan pay to Lender any amount necessary to make up the deficiency within 30 days from _the <date:,notiee)s. Pl~iled
<br />hy Lender to Borrower requesting payment thereof. . . .' ",
<br />Upon payment in full of all sums secured by tbis Deed of Trust, Lender shall promptly refund to; Borrower,'--any 'Fi.mds
<br />held by Lender. If under paragraph 18 hereof the Property is sold or thc Property is otherwise acquired by Lender, Lender
<br />shall apply, no later than immediately prior to the sale of the Property 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. AppIieado.. of l'1oy""'..'" Unless 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, Ihen to the principal of the Note. and then to_ interest"-and
<br />principal on any Future Advances.
<br />4. Ch_l'Ies: Liens. 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 shaH promptly furnish to Lender aU notices of amounts due under this paragraph. and in ,the
<br />event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such-'payments.
<br />Borrower shall promptly discharge any lien which has priority over this Deeo of Trust; provided, that Borrower shall not be
<br />required to discharge any such lien so long as Borrower shaH agree in writing to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender. or shall in good faith contest such lien by, or defend enforcement of such lien in,
<br />legal proceedings which operate to prevent the enforcement of the lien o~ ~orfeiture of the Property or any part- thereof.
<br />s. Haanllnsu.-..e. Borrower shaH k.eep the Improvements now e~ls.tmg or hereafter erected on the -PropeJ1y -insured
<br />against loss by fire. hazards included within the term "extended coverage", and such other hazards as Lender may-- require
<br />and in such amounts and for such periods as Lender may require; provided. that Lender shall not require that the. amount- of
<br />'!.lIch coverage exceed that amount of coverage required to pay the sums secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shaJJ be chosen by Borrower subject to approval by Lender; provided,
<br />that such approval shall not he unreasonably withheld, All premiums on insurance policies shall he paid in the m.......r
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly tOlhe
<br />insurance carrier.
<br />All insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mongage
<br />clause in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof.
<br />and Borrower shall promptly furnish to Lender aU renewal notices and all ra:eipts of paid premiums, In the event of loss,
<br />Borrower shaH give prompt notice to Ihe insurance carrier and Lender. Lender may make proof of loss if not made promptly
<br />by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing. msurance proceeds shall be applied to restoration or repair of
<br />the Property damaged, provided such restoration or repair is economically .feasible and the security of this Deed of Trust .is
<br />not thereby impaired. If such restoration or repair is not economically feaSible or if the security of this l>(:ed,of Trust would
<br />be impaired, the insurance proceeds shall be applied to the sums secured by this Deed of Trust, with the excess. jf any, paid
<br />to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the
<br />date notice is mailed by Lender to Borrower that the insurance carrier offers to seule a claim for insurance benefits, Lender
<br />is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in wriling, any such applicalion of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred La in paragraphs I and 2 hereof or change the amount of
<br />such installments. If under paragraph 18 hereof the Property is acquired by Lender, all right. title and interest of Borrower
<br />in and to any insurance policies and in ~-md 10 the proceeds thereof resulting from damage to the Property prior to the sale
<br />or acquisition shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such sale or
<br />acquisition.
<br />6. Preservation aDd Maiateuoce o( Property; Leaseholds; Condominiums; Planned Unit DeveloplDents. Borrower
<br />shall keep Ihe Property in good repair i.tnd -;hall not -\,.':On1nllt waSle or perrnll impairment or deterioration of the Property
<br />and shall comply with the provisions of ,tny lease if Ihis 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 shaH pedorm all of Borrower's obJigations under the declaration
<br />or covenants creating or governing the condominium or planned unit development. the by.laws and regulations of the
<br />c~:md~minium or planned unit development, and constituent documents. If a condominium or planned unit development
<br />rIder IS. executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such rider
<br />shall be incorporated into and shall amend and supplement Ihe co"'cnanls and agrcl:ments of this Deed of Trust as if the rider
<br />were a part hereof.
<br />7. Protection of under's Security. If Borrower fails to pcrfOlm Ihe covenants ~Hld agreements contained in this
<br />Deed of Trust. or if any action or proceeding is cominenccd which materially affects Lender.So interest in the Property.
<br />mcluding~ but no-t limited 10~ eminent domain. insolvem:y, code enforcement, or arrangements or proceedings involving ;'1
<br />bankrupt or decedent. then Lender at Lender.s option. upon notice 10 Borrower, may make such appearances. disburse such
<br />sums and ta.kc such action as is necess.ary 10 protect Lcndt:r.s interest, Including. hut not limited to, disbur~emcnt of
<br />reasonable attorney's fees and entry upon the Property [0 make repairs. If Lender required mortgage inSllr~lncc :t!\ a
<br />condition of making the loan secured hy this Deed of Trus.1, Borrower s.hall pay the pfcmium~ required to mainlam ~uch
<br />msurance in effect unti! such time as the requirement for such imsuranl.:C icrminate~ in accordance wilh Borro\\'cr\ ;Ind
<br />Lender's wriUen agreement or applicable law, Borrower shaJl pay the amount \If all mortgage ins.urance premiums in the
<br />manner provided under paragraph 2 hereof.
<br />Any arnounJs disbursed by Lender pursuant to thiS paragraph 7, Wllh interest thereon, "hall hc~omc additllll1al
<br />indebtedness of Dorrower secured by this Deed of Trust Unless Borrower .md Lender ~Igrce to other terms of payment. "lh.-h
<br />amounts shaH be payable upon notice from Lender 10 !kmower requeSllng paymcnl thereof, and ~hilll hear intere\l [mfll lhe
<br />date of disbursement at the rate payable f,rom time to- time {In outslalldi~lg principdl under the Note unless parOle-nt, \"f interesl
<br />at such rate would he. (:ontrary to npphcablt: law. in ":hlch C\'Cnl ~u~h amount:<._ '.fl<111 bear In.l~ll''')! ;i! the hlghc"t ratl,.'
<br />permiss~bJe under apphcable law Nothing ...:onli11I1cd Hl !h!.:; paragraph 7 ..hil_ll l~'-iulrc l.t:nder ll' mo:ur i\n~ npensc or take
<br />a.ny actoon h"l"under,
<br />a. .....thul: l.ender m~y nI~kc or .\.i\.u!s...... I,) t't' rna~e (l:.n~lm.'lhit" ('nlnt:~ iJri(~n .1O.,j IlhpCI.:l:ons l,.\f the Propcrty.;,Pf'OviQ('\!
<br />lhat l..e~_sh.It giVe Borrt)wcr nutle-C PflQf to any ,>u..:h l!1~pcdI0H :q:"rC'C1fyillg rca;;.;)n<lhl~ i."<lUSC lhcreC.H rd.ilcd 1(1 l...'nJef.,
<br />Interest m Ill( ProJ)Ct1:v.
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