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<br />84 - 003362
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
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<br />.I. Payment of Principal and Interest. Borrower shall 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 bv this Deed of TTIIsl.
<br />2. Funds for Tax... and InsUrance, Subject to applicable law or to a written waiver by Lender. Borrower sball pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, untH the -Note is paid in full.
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taXC5 and asstl;s.ments 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 hazard insurance,
<br />plus one-twelfth of yearly premium installments for mortgage insurance. if any, an as reasonably estimated initially-and from
<br />rime to time by Lender on the- basis of a~sessments and bills and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which are Insured or-guaranteed by a Federal-or
<br />state agency (including Lender if Lender IS such an lm;titution). Lender shaH apply the Funds to pay said' taxes, -as~ments,
<br />insurance premiums-and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying and compHing said asse.ssments and bills, unless: Lender pays Borrower interest on the Funds and applicable Jaw
<br />permits Lender (0 make !'I;uch :t charge, Borrower and Lender may agree in writing at the time of ~execution. of this
<br />Deed of Tru~t thM interest on the Funds shall be paid to Borrower, and unless slIch -agreement is made or applicable Jaw-
<br />requires such interest to be paid. Lender shaft not he required to pay Borrower any inrerest or ~eami'n$8 on'th~ FU,nds~ Lender
<br />shall give to Borrower. without charge, an annual accounting of the Funds !:howing: credits and -debit~ to the Funds and the
<br />purpose for which each debit to the Funds was made, The FundI are pledged as additional securi_ty for the sums secured
<br />by this Deed or Trust.
<br />ff the amount of the Funds he'd by Lender, together with rhe future monthly installments of Funds payable prior to
<br />the due dares of tax~, a~~essmenl~, insurallce premiums and ground rents, "hall exceed the amount required to pay said taxe~.
<br />assessments, insurance premiums: and ground rent\ as Ihey lall dlJt':, such excess shall be, at Borr:ower~s option. either
<br />promptly repaid to Borrower or credited w Borrower on month I)' installments of Funds. If the amount of --the Funds
<br />held hy Lender 'Shall nOf he- ~il.jfficicnr 10 pay taxes. asses~ments:, insurance premiums and, ground rents as they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up fhe deficiency within 30 days from_the dale notice is-mailed
<br />by Lender to Borrower requesting payment thereof.
<br />Uron paymenf in ruUI)f at! sums secured hy this Deed of Trust, Lender shall promptly refund to Borrower any Funds
<br />held by LendcL If under paragraph 18 hereof the Propeny p; sold ()f fhe -Property is o.lherwise acquired by Lender. Lender
<br />-shall appl>'. no later than immediately pnm to (he ...ale of (he Property or its acquislfion by Lender. any Funds_held_by
<br />Lender af the lime of application as a credit against the ~Utns secured hy this Deed of Trust.
<br />3. Application of hymentlo Unle,ss applkable faw pro....ides ()fhem'liC'. all payment5 received by Lender under the
<br />Note and pan.graphs I and 2 hereof shall he applied by Lender fir~t in payment of amounts payable to Lender by Borrower-
<br />tinder paragraph 2 hereof, then tD interest payabtc on fhe N0te. [her: w the principal of the Note. and then to interest and
<br />pnncipal on any Future Advances:.
<br />4. Charges: LieM. Borrower 'ihall pay ii; :lC'i ,1'SSC1o.Sment\ ,lnd other charges. fines and ImpOSItions anributable to
<br />the Property, which may attain a pnortty over I Deed f\t Trust and leasehold payments or ground rents, If any, in the
<br />manner provtded under paragraph 2 llNeof or, ii not paid in such manner, by Borrower making payment. when due. duectly
<br />(0 the payee th-ereof. Rorrower ~haH promptly turn-ish to Lender ::ill notices of amounts due under thiS paragraph. and in the
<br />event Borrowc-r shall make- payment dtrtX'tiy~ Burrower ~h:111 promp1Jy furnlsh to Lender receIpts evidencing such payments.
<br />lk')rr~}wer "hail pr(}mptly discharge ,;il lien ~.hlch ha... pfl~rjlY over thi;! [~ed of Trusf; provided, that Borrow.er shalt_not be
<br />rcqmred [0 dbchargc any -such hen ~o kmg ;1" Borrower "hall agree m wrltmg 10 (he payment of the obllgallon secured by
<br />~uch lien in a manner- acceptable: to Lender, Of <;haH in gOt"ttl f;llth i..'OmeSl \uch lien by. or defend enforcement of SlJch lien in,
<br />le~aj.lr(lCc:ed.ing~_ which operale to pn;-veru rhe ,:nlurcemen! oj the lien or forfeiwfc of the Pr-openy or any part- thereof..
<br />-. Hu:ard lMUraD". k-orrowet shaH keep the tmprovcmenls now C:\15tlOg or hen;aher erected o-n the Property insured
<br />:-ig.uust Joss hy tire. h~lzar~s tndu-ded ~'llhlO the t~;rm "ntcndt':(l '.'i)v('~ge"> and such (llhc_f hazards a:' Lender _may require
<br />tind In :;uch AJl)()UOIJ ;tnd tor \IJch penod!i a:. tender m;a;)' reqUire: pro\lakd. that Lender sh~ll not require that the amount of
<br />'!;[!ch ('overage C'.\ceed thaI amount or (:(j't'cr:agc rcqum:d It; pav ihe '!!um\ !it't.:ured i:'ly ftu~ Deed of Tmst.
<br />Tnt ir~!iuranct: >(:unef prV\>iJlnll th<:" in,\11f :Jocc siudl he (hn"t.C1I hy Borrower rouhjci:1 rf1 approval by Lender: provided.
<br />thaf !uch apprQ~al sha.H n(Jt he umea!~ontibly 'oiI'tlhhdlJ. Ail prrmiurmi on lH:'\Ur.:UH,~e poiicics shan be paid in the manner
<br />pr-ovided under pttragraph 2 hereof or, If nor P'ftlO IH w....h manner. h~' Burrower making payment, when due, directly 'to the
<br />,Q.Surlloce ~arrier.
<br />A~I lw.ufan-l".~e puiH:jr-_lj: ;.md renewah_ !ht:tcoJ ,\iUlil (tc Hi !ot"1ll d";~~i.'pt01blc, to Lender and ~haU inc~ude it stAndard mortgage
<br />clsu"'4': In hvor (II lint! in font.., acn:plahk W j ,{'IjJ("f t cndcr -;.haH ha...c Ine fight [I) ho.ld 1he poHctes and renewals thereof~
<br />i.ind. Bornw,.el" ~haH pfl)fIJJuly iurm~h W Lcnl..k-! ;\ll !enC\Ora! n.)it..',:'i and. :i.ll rs.-_-(;,C'lpb of riuJ pre-mwms. ,In the event of loss,
<br />&rnJwer !ihaU ~Jve pfl"Hnpl notll...<e W the m50iil"iHKl.,~ i,...1frlt:-f .'111\1 f t;nd~r. !.('Ih.ie!' may rnak.e proof or h;)$~ If not made promptly
<br />b\' Rorro\\-t:r
<br />Un)es, Lelhicl an..i BOO\JWC[ ,:<!hClwlM::_ 4g.r,:t: In "'-ntjfl~, iMufann; pr{,-....:<<.\.hi ...hait he apphed fO ,'csturation or repair of
<br />the Prope-rty diUH3St'U. Fhl'd,k.,j ,:-udl re"IOfil{iI'H Of r!Jp~~f L~ e'-'~,n..ltnh;jjay {J;~;.jblc ,Hld the 5oLxtlf'iry (If this Oeed pf Trust J.\
<br />not the,eh)' Hnpalfe-ii. If m~h n:-st0ralHJfI 1.11 repair L.. no! (~\.-\\nOfll)L'd1i) ft~a"lhk Of If 11"1-e j}Cl..'urilY of tht!i. Deed of Tru5t would
<br />be lmJ_Jtured, lhe In\tlr~1)';J: pfo...::.('t'{h ;-.hali he ..ppht;\1 In !hl' !HHW.; H~"':Ufl:d hy lhi" D~_'t::iJ. of Tnls~" with I,he e_'I,ces,,\-, if any, paId
<br />\0 &(T'(i'A(:I. It the Prt,,'Ilt:-fty ",\- .J.b-ando/lt:.J hy fkJff...rwcL "ll if BOn(IV<-t:l Cui-;,. 10 fe..'>poud 10 Lender with-in 30 days from the
<br />dat< 'l(\lh.~(' j" mdtkd h,.- Lcnde, to Rolfl)",~f thai rh<:- HlMHMh.'"e ':~H;-ja otltf\ to scuJc- a claim for In~HnlOce benefit\. Lellder
<br />tS auth.()nzcd 10 ..:~.Ht"'l_t" and ",ppl)' the in,;>w;;inn pl,^~l."\.c.J\ i.41 J~t'ndcr<:ii tiptlon clthc.f to reltlonUjon (If repair of the Properly
<br />or ll,,) [he 5um~ itc..:urcJ b,,- this [)ceo.! of Tnl!i-L
<br />L:nk-~ Lendcr and Borrower (lfht'TWJ~ ugiC-C HI WflI/llg. <in", ))t;ch apJ'Hu:atio-n of pro;...e~ to pnncipal shall nol e.~lend
<br />O{ l)0!l.lpOt~ the .!uc dale i)J the m~)lllhl}' loitWllmcl'lb rderrc-J !{! m pi:ltagrilpns 1 and 2. hereof or change the amount uf
<br />.IoUo.___h installment), If under jJata8fliM !~ hen.:-,,-~f fhe Pt-u;x-ny l~ <:i..:...uired hy Lender, ~llJ 6ght, tide and jmereM of Borrower
<br />10 anJ to an.) IlH.uram__e p..-)hCI~ _an.d H1 aHa Ii> Ilk: rnX"~cd~ I.h~rc,o{ rt:,..ui!ing fl'OHl damage to the ,Pmpert)' prior to the sale
<br />~\r a..::qulsllh':.m :o.nal1 paM h) Lender in the (';-\{CfH nt ~ht; :.um~ >e4.:url'J by tIm, Deed 01 Trust lrnrnediately poor to such s31< or
<br />ac-quisitl()o,
<br />6. Pl'c:senaoon- nd MaiateWlil('~ of Propt'rt)'; 1,f"aMBulds: Co-ndu-miniums; Plaune-d Unit l)eveJopme:o(t.. Borro......er
<br />"h.;iil keep the PH1pCf't} in ,gn,n,t n:pJ..lf ...wti ..;hall iH.'j.j (nn.!nj,1 -"'.\t_~h.' ~'r r~rm!t Itnp.o,ll":llent I..~r d('"lai~H"alion c:f the Property
<br />,I.ad shaH i.:ampi)- with the PfQ'dS-lQH:. 0[ :-if',} k,",~ if thl:!l r~d ~'f I ru\! I" on ;J, h;OiS~hoiu. It this. Deed of Tru.sl IS, on it unl1 in a
<br />~ondorniniurn Of ij .p{anJ1(:J unit oe\'c:-hJpmcfl:1.. ihJf:(t.....t:, Sh;iH PCdQfaJ -<it! oj Borrower'... noiigall()IlS under ~he declaration
<br />or -coV(:nant5 creatmg or g\)yctmng Ihe l:nndommH.1;m ,'[ p-t.tHucJ utht dc-,.-dupmerH, the hy-iall.'s ;mJ reguidtiom, of lh-t.'
<br />,-'oru,romlnium t''Ir pt:mn~d un;: development, .-tnd l:0nSli"tu(:fl! _ dt.~(umt':!lt-s, If -it c'J-ndom.nium or planned unit dc:vdt)pmc!H
<br />flder 1,\ executed by BOflUwer "wJ recorded together ~ Hh thl"- l~(:d d r fU'i-t, the ((IV-crlJ.nts and agfccmc:nh L'if !lu~h ridel
<br />\l<haU he .in~,..orpofated ;01(; ;wd $.h~ll anwnJ :InJ :i-iJi"pk'rncm the \,<1v-t;H,,_n:l .Hld :Jgrecme.nts. of Ihi~ Deed -of Tro'>t ;1\ if rhe n<Jl:r
<br />were A f\;:!'rt here--oL
<br />7. Prot-Ktio-o ~f t~adlef"l S<<llril). (f nu!fGW"'" f,ai!!> w perform 1101: ~'rjVen;lilb ilnd a-;ltri:.cmcm-::. ,:on!uU'ii::d in rhi"
<br />l'leed uf Trust, ("'r it any at-litH, 01 procecdmg n. .__-lHi\rncn,;-.cd wtUdl fnzHCf!i1!f)- affecb I cnLler's iHter6t :1'1 the- P:ropen..,
<br />lu'ludin,~ but OOt hrrllLed w, _ eminent dUII'i-3in, ins...~!vcn.::), ,.,:,.J~ enfuf-C~rnCn{. 1.-1\ iHr.:)ngcmenh l~r prcO\;eedinit~ ;nvclvmg "~l
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<br />;:l~~ r~~d O;iI~~~~t~t. ar~:,l~n L~~dl~r 1~1;.C~,~~~~~.t .~O<}i~{I:~;~~~~rl~~)nJ~::~~'J ~'~'c ~~~~ ~ oi~;~r~~~~: J. ~~~l~ ~\,:~~~f;i r:\~r:Ji r::~~c:J;st;\li~~~I:)'~~n~ u~:;
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<br />re--.,tstl.":,ble ittor~~/s fees. and emry upon _ the, Propen) !~'}- rna_kc J( Lender j"eG.uired mi.)1'.igage ;i" ;j
<br />CDOOUlt'fH of makHlg the loan ~i:;ured h). thl') Deed 0[ Tru.}{, BOffO"";;:; Hit.'. pn:;rn-HHlh r-e'4u!rt.'c 10 ~uch
<br />,tlsuraoce In dIce! until f.uch tio1e a~ the reqoirC'm~nt fur JiUdl jn;;m"n~ lH i,\:'"c"Jfdan.:,-c with HOf\i)\'\i1:r'" ,PHl
<br />L.cnder'i wril,lc-n Acrc.eme,nt or- applk-abk r~w_ l\-i)rr0W~r shall pac.; thi; ;tf~WUil\ p! monsa;;c- In:;w'";tnClc pnomium" in tht'
<br />fTH"m.h\er pr-L'YV'j4t'd urxier pau""aph '2 here'.:'!(
<br />Any amoonu di5:burte4 hy Lc:nder pur'5U;HH to dns Pi.\wgulph 7, wl1J'l nHt.te-s! ,hcri:l),t <.,!ql! h<';>':1..m)(' ;lddltn>n;l(
<br />lndehted~ (~t Bor{"(-.wtr ,~l.tred by {hi-s Deed of Trust 1 !nk~~ BI..uvwcr "UH! Lender ;jgfe~;; tr,') nlhe-r lrf'm:< t.1f p~()-m('Ht,
<br />.:tm('Unt5 ;'\haH be fl$}'able upon fK.tk:e irem l.eouer to _~)r-rowl:'r re4ut'stifl~ pi-t)'f\'i_cnt thereof. ~H:d .shaH he.;J;f inrl.'r(':,~r rn~n~
<br />rUle of di;burwmcnJ :ilt roc n1l:: p:ilyaNc horn time to tmlc ~1n mJl)t~l.ndl!l.g pr;nclpa.lunder th~ '.:He Hnlt~H paynwnt tlf inrcn::'d
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<br />~.t::!~~~J~~t;P:r,~~:~~~rf~~" t'~,~:~;~~~~~t;~~t:~fI7;1 ';~~~:~i!~;;'~~<~p;:.J.:;h ,~qmr~:!\1_i':"1~;;' !i~::,\~~~:t ~;~:\ r~:~~~~~_~; t~~~~
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<br />iMl}' a('hon ht-mtnder,
<br />.. t~, t .(~r mil)' fi."41>i.'ri,thk
<br />1ti1J~ L("ndfl- ,_n ,iv(' B(t:'J'f{}"'~~ HHpt:ZH\\t\ tb:f.d(". '" rf:do.~
<br />mJ_f".r tn tt. P-~v
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