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<br />UNIFORM COVENANTS. Borrower and Lender covenant and aaree as follows: . itA ___ 00308.6
<br />_I. hJ- '" PrIodfoII ....~. Borrower shall promptly pay when due I"""""'neipal of and inlerest on lhe
<br />llldebtedness evidenced by lhe Noce. prepaymenl and lale ehal'JCl .. provided in lhe NOle. and IIIe prinoipaJ of and imerat
<br />on any Future Advances secured by thi. Deed of Trusl.
<br />1 ..... I. T_ .... '-- Subjecl 10 applicable law or 10 a written wai_ by Leader. aon- .all pay
<br />10 lender on lhe day monlhly i...tallmen.. of principal and inleres: are payable under the Note, until the NOle is pliidin (.oil,
<br />a sum (herein "Fundi") equal 10 c>ne-Iwelfth of lhe yearly lax.. and a.....men.. which may attain priority over this
<br />Deed of Trust. and ground ren" on lhe Property. if any, plus ODe-lwelflh of yearly premiUll1 installments for hazard io$urallCe'
<br />plus one-twelfth of yearly premium in.tallments for mortp", insuranee, if any, all a. realOl1allly..dma..... initiallY.ICUr"",
<br />lime to time by Lender"" the basio of _. and bill. and reuonable ..1_- thereof; '-. .' ----,-
<br />The Funds shall be held 1n an iMtitutioo the ~j~ nr accounts of which are ir:sun::d' 0: I~ran.d by -ii, 'P:~t:-ur
<br />...... lIJt'DCy (indudin, lender if lender is ,uch an inslitulion)_ l..ender shall apply the. Fundi 10 ~-lal<eI. ~~~
<br />insurance premiums and ground renls, l..ender may nol cha"" for so holdin, -and lII'J'lyin, the. .:analYzin,..i!t,~C!liIIl
<br />or verifyin, and compilin, .aid ....umenb and blll., unl... tender pays Borrower ,nt_ ""- .... iondlljlll1ica11li!.l...
<br />permit. Lender to make .uch a charge, Borrower and Lender may a,roe in writina at the' time .Q(-_e~~>lIt!S
<br />Deed of Trust thaI interest on lhe Funds .hall be paid to Borrower. and unless .uch apeement ismadeor-~"J.,,"
<br />requires .uch inlerest 10 be paid, Lender .hall nol he required to pay Borrower any interest oreara~":t'lllJf~,--~
<br />.hall Jive to Borrower, without ch....., an annual accounling of the Fundi showinS credibandde\iitO"tq-''''~~~.Q4c:tbiO
<br />PUr..- ror which each debit 10 lhe Fundi was made, The Funda are pIedaed as additional oeCUritY. fOr. .._~
<br />by Ihi. Deed of Trust.
<br />If lhe amounl of the Fundi held by Lender. togelher wilh lhe future monlhly Installments of FtJttds(!-8 .' ~'t~
<br />the due dateJl.of I...., a_IS. mluranee premIUms and around rents, shall exceed lh<! amount ""l"'red to ill._tax.."
<br />:..ueumenU. IRlur.nee prenllums and grouod rents ill they faU due. such. c.xcen. shall be, at. .B()rrowet. ,,,-
<br />promptly repaid to Borrower or crediled to 80rrower on monthly installments ~r Fundi. If 1....1IlIIOlInt
<br />held by l.ender .hall nol be ."fIie.en. 10 pay taxe. IlI1Ie5SD1Cnls. m.llranee premlUnta andgn>und-_ItJ-as .
<br />Borrower sball pay to lender any amount necessary 10 make up the deficiency within 30 days from1he dale llClliee'ilt
<br />by Lendu 10 Borrower requesli... payment lhereof.. '. .' .....
<br />Upon payment in full of all sums """"red by II"s Deed of Trusl, Lender .hall promptly refund to Borrower all)'
<br />held by !.e"......, II under par.,~ 18 hereor lhe Property.. sold or lhe Properly is otherwi... acquired by LenjIer,d:~_
<br />"'all apply, no laler than inunedaately proor to the sale of the Property or ilt acqumlion by lender, any FllndIhelil-
<br />tender at the lime of application s. a credit a,ai"llhe sums secured by this Deed of Truat,
<br />3. A....... of -~lL Unl... applicable law provide. otherwi..., all payments received by lender UIlCIer the
<br />Note and para,rapbs t and 2 hereof shall he applied by Lender firsl 10 paymenl or amounts pa~ to lender by ~
<br />under para,raph 2 hereof, lhen '0 inlere" payable on lhe NOlc, then to lhe principal of lhe NOIe. and then to inlerest and
<br />principal on any Future Advancet.
<br />... CIa8rps; LinL Borrower shali pay aU l.ax.es.,. assessmenrs- and other cbarges., fines aad impositions attributAble, t~
<br />the Property which may attain a pnomy over Ih.. Deed of Trust, and le:uehold paymentl or around mota. if aDY.mtJ!e
<br />maDMr rrovided under paragnph 2 helWf or, if n~t paid in im.:h nuntaet. by Bor-rower rnakiDl payment, whoa _~,cf~lf
<br />10 the payee thereof. Borrower shall promptly furn..h to Lender all not",,", of amounts due under this parqraph. and-dMIIe
<br />eve"t Borrower ,hall malte payment directly, '1~"o_r ,hall promptly rurOlm 10 l..ender receipla evidenci", IUl:h payJllllfttl.
<br />Borrower Ih.~J prompfly dischalJC an}' lien wIuch has pnorny over this Deed o( Trust; provlded. that Borr-ow.er sh.U .DOl--be
<br />reqU1rcd to duchargr: any such hen so long a~ Borrower shall asree in writing (0 the p.yrnent of the obIilation 1CCU..,o by
<br />'iouch lIen In a manner acceptable to Lender, or ~baH In good fa-tth contest such lien by. or defend enforcement of ludllle:n _in~
<br />lellal f.ro.."Cedmp wlueh operate 10 prev.", the <nlo=menl 01 Ihe hen or forfeiture of lhe Property or any part thereof,
<br />, 8-.11_ Borro..-er shall keep ,he Improvemenll now ....lIng or he_flllf eracted on the Property inaured
<br />again.. Iou by lire, huards mcluded witbin the lenn "extended covet'llJt''', alld such olher hazards .. letHlerDla)'."
<br />and In such amounls and for such perIOd... Lendor may requm:: prOVIded, Ihat tender. sball not require that tliealilllunt-of
<br />such cover"", exceed that amount of cov<:l1lJ" rcqum,d '0 pay the .ums oecured by tin. Deed of Trost,
<br />The i",urone... carner prov.ding lhe insur.n.... .trail be ch....n by Borrower subjecl 10 a",,_al by lender;. provide.cJ,
<br />.hat .uch appro".1 shall nol he unre.uoDably withheld_ All premi..... on i_ranee policiel ,haU be pa;d ill tIte~
<br />provided under par.....pb 2 hereof or, if no~ paid In .uch manner, by Borrower mal<in. ~y_. when dIIe.ditWctly to the
<br />iDlUrancc carrier.
<br />All '..ura""" pol><;.,. and renew." .hereol .haIl be In Imm "",;cplahle '0 i.ender and shall include a ItlIndard mottp;e
<br />dause in lavor of and in form "",,,!,tohle 10 l.ender Lender mall nave lhe ri"'l 10 hold the policies and_"'t~.
<br />and Borrower shan promptly furnuh fu Lender aU renewal noUcc.:'li and all t<<dptt tlf paid premiUIRI. In the eveat-of- )QU,
<br />8orro..-ef sh.U g'v~ prompt nouee to the lowra-u'.;c carner ~nd Lender, Lender ~y mako proof ,of lOll if not: m. ,.,.....ptl,
<br />by Borrower_
<br />UnJeas Lender a.nd Bor-rower otherWI-lie .agree 10 Wrl1-ma. IOliUf.tln~'W proceeds fih.1t be applied 'to restoratioa or .repair of
<br />the Property da:mq:ed. provided $ouch reslorlllflHl oc rcpalt IS C':c()ft(Jnric.ally r~ibJc !11M the ;ecurit)' of thii- ~ of TrUll 15
<br />not thereb}' fmpatred. If :s-uch rettorauon t,1f repau 1'5- not economicaUy teaSlbJe or It the security of thb; Deed of Trust would
<br />be .mpalred, the losurancr pmc--eeds shall be apphed to Ihe 'Unt. secured by Ihi. Deed or Truat, with the ex""". if any. paid
<br />10 Borrower, If lhe Propert)' is abandoned by 80mn'er, or if 80rro..-.r tans '0 respund 10 Lender within 30 days from the
<br />date nouce is meiled by Lender to BorroW'ef' tn.at the Insurance carfler otfers to HUie it dalm for insurance benefi.ts-. Le:nder
<br />t50 authofu:ed 10 collect and appiy the Insurance proceOOt. al Lender's option either to .msIOn:tion -or rep.;r of the Property
<br />or ro lhe .um. secured by this Deed of Trust_
<br />Unlaa Lender and Borrower otherwise .ag~ tn wnliug,. any s.uch applie:atioo of prOC:e<<h lQ prineipal ,sha!! .!'!:Of, c"1{te-nd
<br />o. postpone lhe due dale of the montbly .""tollmen.. reierred to m paratraphs I and 2 hereof or cban. the amount of
<br />such installments_ If under paraJIllpb IS hereof ,he Property" acqUired hy tender, all riabt, title and interest of Borrower
<br />m .nd 10 any insurance pohd.. and in and to lbe proceeds ,hereof ""uiling front damqe 10 the Property prior 10 the sale
<br />or acquisition s.hall pus to Lendcf to tbe: elUent l)f lhe swns ICCUrW. by this Deed of TfU$t immediately prior to $uc,h sale Of
<br />acquisition.
<br />6. ................ ~ of Propn1y; Le_1IloIlIh; CotMk_llli_; ........ Vail 0..,II,JAll1' Borrower
<br />"lhaU k<<p l~ Property In good repal! and :lthall not l.;Ommlt '-"aMe (if permit impairment or deterioration of the Property
<br />and thall comply wilh the pro.lIlO.. or any lease .f 11m De<d of Tru,' .. on a I_hold. If Ibis Deed or TrUllI i. on a unit in a
<br />c(mdormniwn Of a planned un_it development. Bo-f~o*-e:r &bait pcdorm aU of Borrower', obliplions under the declaration
<br />or covenants crealin.g or IOvtTnin, the condomtntum, or planned umt de~elopment, the by~laW$ and n:,ulatiom of the
<br />condominium Of planned UQlt deydOpme:flt~ and consHtuerH d()Cuments. It a condominium or planned unit de...elopment
<br />flder is c.xecuted by Born.1Wt;r and recorded togetheJ wllh {ht~ t::>eed of Trt.l5t. the CQVen<tnt5 and agreements of such rider
<br />Utall he iococporated into and shall amend and s-uppiemenr the ,",Qvenanb and agreemenl$ of this Deed of l'nJsl as if t~ rj.jer
<br />were a part bentol.
<br />1. .......... of ~I Secttrity. If Borro\\'U fails. to perform the CQ\"enanls and agreement.'\O t,~ont.med in lhis
<br />Deed of TttlIl, or if aoy action O'r proceeding is commenced which mal,erially atfect-s lender's imerest in the Propeny,
<br />tnc1udina. but nor lirmted to. e-mmwt domaln~ insolvency, code entof-\.--e:ment. or arrangement$. or proceedings involving a
<br />~ruPt or deecdent. lhen under at l...endcr's ophon. upon notice to- Borrower, may male such appe-araoces. disburse suc-h
<br />tttm.I .t1d take .web acdon at is nocesu.ry tQ protect Lender'~ mler-e'$t. including. hut nOt hmired to, disbufSCf'lWnt t)f
<br />l'UIllN-bIe attorney's fees and entry upon the Property to mak.e re-pairs, If lender required morlpae insurance 3!$ a
<br />C08dillon of nuokin. lhe loan _red by thia o-l of Trust, Borrower .hall pay the premiulIlS required to maioUlin ,nch
<br />lMUta-Df;C in cI<<t until such lime. al the requirement for such Insurance fermlllale5 10 accordance WIth Borro'\ll'er'$ and
<br />1........".1- WritHn.. ..eerl. ~'*_.. or a '~ble la__ lk'lfT'ower man par the amout..t 0.' at! fllOI1pae insurilnc-e premiums ir\ tht'
<br />__ provided lIndet par 2 hereol.
<br />Any ~ ttiI by t.ode:l' ptlnWtm to lhtl par-a,raph 1. With. IOlcr($t the.reon, '!ihali htX"(J!1le' uddUwnal
<br />i~,of Bof~ MCUred by this Deeli (If Trust OllIe" Borrower and Lemler agree. to other term! of paymem. s.uch
<br />~ ..U be P'-1'" upon !Wt'k~ from l.ender to 8or-rOW'Ci tt'quei1mg pa-ymeft4 iOeroot and "haii bear interest in_1m fh~
<br />date of. dltlbur_~ at the rate ""yable (rom time '0 limo on "utRandin, p<inc.pal under lhe Nore unl... payment of in'erest
<br />a.t IUCn rate would be coouv)' to appltc-abk: law. to which eveot \ucn amounts j;.hall ~af H'tti"-TW l;!.t the tnghcst rate
<br />J*miMibIe ~ ~iQbIe "w. N-Othinl contained so thiS para,u,pb 7 ~ha1-i requIre Lendct' tn 101..'\11 any c..~n!Jf.: or tak-e
<br />...y .lion ____,
<br />L ~ l..ender mar makt or c-.me to be tl1M (t,UO-nrkhlc "rUne'! upt")n ,Vh_t lnwe<'hon.!l of t_ ~)tij-9Nq-d't'(i
<br />fn.i ~ ~ ,we -BorrowCl notAcec PUo-! '0 au)' i-uch lnl.pccU-Or\ $~~tYln. r-e.Jbomtbko <-3~ thcrcfdri teI.lid 1.'1~def "'
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