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<br />84 < 003365
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<br />lJNlPORM COVENANTS. Borrower and Lender covenant and agree as foHows:
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<br />.1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the
<br />Indehledne~s eviden,,~ed by rhe Note. p:~epayment and tate charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured b)' this Deed o( Trust.
<br />Z. FlIIIds f.... Tans and Insunmee, Subject to applkable law or to a written waiver by Lender. Borrowersball pay
<br />10 Lender on the day monthly instaflments 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 ('If Trust, and ground rents on the Properly, if any. pJU5 one~twelfrh of yearly premium installments for hazard insurance,
<br />plus. one-twelfth of yearly premium instalJment~ for mortgage in-surance, if any. all as reasonably estimated initially and from
<br />time to time bv Lender on the ba,is of assessments and bills and reasonable estimates thereof.
<br />The Fund~ shall be held in an institution the depo~its or accounts of which are insured or guaranteed by a Pederal or
<br />slale agency (induding Lender if Lender is such an institutIon). Lender shall apply the Funds to pay said taxes, aSse$.'iments,
<br />insurance premiums and ground rents, (,.{"-nder may nOI charge for 50 holding and applying Ihe Funds, analyzing said account
<br />or verifying and compitin~ said a't5e-ument! and bms, lInle~s Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution_ of this
<br />Deed of Trust that intereSI on lhe Funds shall he paid to Borrower. and unless such agreement is made or appJicabl~ la~
<br />requires slIch interest to be paid. Lender _"hall not be required fO pay -Borrower any interest or earnin~ on the, 'Funds. Lender
<br />_~haH give to Borrower, wtfhout ;;;h-arge, an annual accounting of the Funds showing credits and debits to- the FundS and the
<br />purpose for which each debit to the- Funds was made. The Funds are pledged as additional security for the' sums secured
<br />hy .hi. Deed or Trust.
<br />if the amount of the Fund!t held by Lender, together '+'lith the future monthly losuf!ments of Funds payable prior to
<br />the due d'sIes of {a."~, a,~~eS1imen'~, 1I1suran-ce premiums and ground rents., s.halJ exceed the amount required-to pay said taxts.
<br />a~,"essmcnh, in~urance premium., Jnd ground ft~rHs ;tS lhey tall dill', such cxces$ shall be. at Borrower's option. either
<br />promptly repaid 10 Bom)wer or cred_iled l{l Borrower on monthly JflstaUments of Funds. If the amOlml of the Funds
<br />held by l.-endcr shall not he suffklent to pay ta~e", asselOsments, insurance premiums and ground t1:'nts' as they Jail, due.
<br />Borrower shall pay to Lcnckr any amount nece.ssary 10 make up The deti-cieni.':Y with,n 30 days from the date notice is mailed
<br />by Lender to Borrower requesting payment tberoof
<br />Upon payment in full of all sums secured by thIS Deed of Tru..t. Lender shall promptly refund to Borrower any Funds_
<br />held by Lender- Jf under paragraph I A hereof the Property I'; s.nld or the Property is otherwise acquired by Lender.- Lender
<br />\hall apply, nl~ later than immediately prior i~ the <;21e of the Properly_or its a(:quj~ition by Lender. any Funds- 'held by
<br />Lender at the tlm~ of application .3.'\ a credit agaln~' the 'iums \ecured hy thIS Deed of Trust.
<br />3. Applu-ation of P.ym~nk. Unle"ix ;~ppli(Jlh-f(\ l:iw provjd~\ otherv.'lse, all payments received by lender under the
<br />Note and paraJl;raph\ 1 .and 2 hereOf shalt be apphed hy l.ender firsf I(l payment of amounts payable to l.ender by Borrower
<br />onder para~uaph 2 hereof, fnen 10 in[ere~l payahle no lhe- Note. then ft~ the pdocipal of the Nole. and then to imerest and
<br />pnnclpal on any Future Advanc.es,
<br />4. Cba...~; Uens.. Bormw~~r ;;,hall plly ;iH ta\c-~. ~l~le\smenf') and other charges:, fines and impositions attributable to
<br />the Property which may attain a pnorit~' over!t' Oc.,ed {If Trust. and leasehold paymenis or ground rents. if any. in-the
<br />manner provjded under paragraph 2 hereof or. il paid in such manner, by Borrower making payment, when due~ directly
<br />:0 the payee rhereof Borrower "hail p-romptl). fUf:,'_Hl t(I Lender all nOI_ict~3 of amounts due u~def this paragraph. and,in the
<br />event Borrower shaH make payme_IH d,rcctJ~'. BorrowN shall prompt!)' tHrnlsh to Lender receipts evi-1endng such- payments.
<br />Borro-wer shall promptly di~ha[g-(: any jjen which has poority (i\Cr thiS Deed of Trust; provided. that Borrower shall not be
<br />t'eqllll'cd It) di-l,;l.:hargc- uny ,w;;n lier .. r1mg 1!~ Borr-nwcr "haU agree in ',Hiting io the payment of the obligation secured by
<br />~uch lien In il manner 3cct:'p-t,abl-e kl u.::nder, or :<;haii In good faith corttcst such lien by. or-defend entorccme,nt of such lien in.
<br />!~gal pr(\Cecdin~~ ',vfllch (!perate t,_~ preVent {he cnfnn.:(:rnent el Ihc li~n or forfeiture of the Property or _uny- part thereof.
<br />5. Baaed laRraon', Borrower ~hall keep lhe IfTlprovcmc-llb now e..'\IMIOJ; or hercafler -eree.ted On the Property insured
<br />,!gairl~t h>M by fire. ha1,ard~ induded .....ithin the term "-c'\I~lld(:d ;..l)'I't"f.jg:C'-T and StICh- olher huzards. as Lender may _requtre
<br />-a.nd lit ;;,\.Ich amounts and (or MH;:h ("<:f\nd_'l ~I'i. Lender may n:quirt'_, proVided, th.u Lender snail not require Ihat the amount of
<br />'>uch ':'(lveu~e e:..tecd rh-at amount oi -cC'vefitge !c4U1red (n ~MY fh~~ .~um'" secured by this Deed of- TmsL
<br />The in~unmct' (Olrner fH'l,lviding fh-t iOnHOW(C ,hail be Ch[)~eH hy HOftOW-C:f ~ubject to approval by Lender; provided.
<br />fhal such appn)\lal "hall nol !'<: unreas(l-oahly Withheld, AI1 premiums. on insuranl;e pOlicies shall he paid in the manner
<br />pn...widoJ under pantgraph 2 hefooI or, It lH)t p,t1Jd in ~tJ(;h :nanoc::i', by ijorrower makin$ payment. when due,_ directly to the
<br />iQ!iuranct'_ camero
<br />Al! il),\>un:uce {)dhne'f 41_\J.I rent'wa.l-;; n-i~rt-\)t sh~H h~ In tN'fIt .:h;:CCPL,bk to Lender and shall Include a slandard rnongage
<br />d.W!1(: If! favor pi and in form ~i'':-:'('D!abic tu 1,endcr t cltd~f' !;h.'11i h:t\'~ the:: nght IV holll the polic~ and renewals thereof.
<br />and Btnr('wet ~hall promptly furnish 10 i en..h:r Jll fl..'flIo:W,fj lHJI!'.:C" and all receipts of p_.-J premiums. In the even!_ of Joss.
<br />~~:~~'er. ~.h.r1;H 8-1\'(' pwmpl rl(.'tK-l.~ In the H\~lJr~Wi.t.: ,-,In fer ,-wd l cnd~f LenJer may mu'le proof of Itw\ jf no! made promptly
<br />._J.... uUfl~-''-'!;'H
<br />, Unlc_lO) J endt':J an\-I Ro(~-PWef dlha"'l~ ~,gn.:e in \~'tltlnjL InSUf:itIKl'. j)f(l<.;C(';ds ..hall be appiied h1 restoration or repair of
<br />lht: Pn:opert~' o;un....ge-J. pf1},,"~~kJ ~u.:.-h rl;:-..iLl{~I~(ln (If ,cp:-w f" l'.;mk.~ml':;aily feaSible ;HId the- S1XurllY of (his Deed of Trust is
<br />fIot thereb}, Impaired. If "Udi rCllotora;(it.Ht \,.1:- I cp..,!' h not -C:U)fIl.HHh.:aHy feaSible lJf if the security of this Deed of Trust would
<br />be lmpaireJ. {he m$ur"ll"::~ pw,.:c\,',j,h :-hitH t)< .applltd If:! the ,sum.; S>et:ure-d by thi!', Deed of Trust. with the excess. if any, patti
<br />to ItorH)\ol,Cf If lhc PnJ,w:rty i:-. HbanJoHe_J by Bono\ol.-cr, nr If Borrower lilll" f(! rClifXlnJ 10 lcnder wilhin 30 days from the
<br />dale nDtice r\ m~i:lcJ 0\' h~ndcr 10 Bono...C'r iha. lh.: lIu,\lfaih,:,; ..ani';. ~,ikr~ 1U settlc. a daim for insurance benefits. Lender
<br />i\ authwjL,c-d fn ';Qlk'::l. ..zui avply the If'li-lHan...:< rr~A:cl;;d." ;H Len..lcr'~ (lpliOIl either to fe~wrali,)n or repair of the ProperlY
<br />('. II.) the :mm, sc;.urcd h' thl~ t:>ecd of Tru:\L
<br />UniesJi I...nder "uti Borrv\ll'tf '-'thern'lM::- i!giec:: !f\ wrums. J.ny :oi.uch appllcallon of proce-eds to principal shall nol extend
<br />m r'i;)stp..'lHt<: the due d~lc ,)f fht- Il)(liil.hly lfhtaHfTh:l1b. n:t:t:fH:d Ii,) lrl paragraphs! and 2 hereof or change the amount of
<br />\li\.:h m~taIlOl(:jlb. It under paragfdph !:"i. here,)! the f'ropcny l~, d~qulfcd by l,cnder. O'fll righi, tllfe and imerest of Borrower
<br />In aud k'_ an~ IOswao,;:,e policit~S .and in ..wd In (he_ pm,cccds there>)! ~).uiti.ng from damage W I,he. Property prior Ii.) Ihe sale
<br />I,'r ac~;p.lllO~fj()n ~haH f'~\-" t\) LcnJe!' to the \-".\lefH ,,;: thr; >Ulns ~o.:ufed by lhl~ Deed of Trust immeduHely prior to such sale or
<br />'-l.cquis.I.['()u.
<br />6. Prewn'atio-n and tttaiutenattc:t: ol Pro-~-ti.Y; Leaseholds; Conduminiums; Planned Unit l)e'VeJ~ments. Borrower
<br />...h..dl K\"t:P fhl2 Pro-pc_rn !ll g'..:;.,~d n:p",-H <,-nJ ...h.i:l_lI ~ ')IlHUil ut p.;nn,l IInp-,Hrfneni or dl~lcriorall(ln of (he Property
<br />;.inJ ~hai,1 ,?,nnpiy With {ne 'pfDvi:"jon.-s of <tn.)' ie;o;;o.;c need T ru:..t ~;; on .) Icaseho/(L It lhb Deed of Trust i~ on a unit in a
<br />,,;OndOfH-iIHUm '.~r iI pt.Hmed UIH! devdi...pm~nt. R0n(!""~~; S!l;l]j p".,;-rio-rm ;lll d Borrower's. obligations under the declaratIon
<br />or cOV('uanb creiiting 01 g...y>,,~rJlia~ foe (nnl.bmirllUm, Df planned LUll.. deveiO-pH'lt:nt, the hy-lflws and rc~ula{ions of (he
<br />":'m~minium Of planned un~t devekopmcnc <-inti \"'-on"IJIue-1it JocumetH;\: If a (ondumioium ..:n planned !.loit dcvch)POlcflt
<br />ndcr tS t".\e~utcd by BOHOW\:'f ani.! riXunk.d logelocr ~\l:h tht:'! ~d d trust. ~hc '(Y't'(~n;.mts and agrc-emem~ of such rider
<br />~han be inc.)f~lOr4tcd inw anJ ~haH amend and :)urrkrncn! the ,--',;'u;tUnf:. :.:nJ ..gn:crncnts of thiS Dec-J nf Trusl as if the nder
<br />Wtre: it part h-ere'~!
<br />7~ Protection (If LeooN', S<<uril). If~ BOHower fouh 10 perJorm the ..'\)venunls and agreements (tinlaincd in this
<br />fXed n-f Trust, or if any acuon Of procce,;..hng J;.; cummen-.::cd which O1dTcnaHy ",lft:Cb. Lender's inlNcst in the Property,
<br />w-dudmg, 001 not hrnin:d ro, crnincn! domain, ltt;.oh'cu..::J', c-od~ enforcement. ()Z' arrangemcnLS- or pr\X'eeding~ invoh';ng ;;
<br />hdnk.rupt {~( dc..~lZdcrH, then Lender .at Lend<:r':-. ('irt1.\:1H, upon no1H,;-r 10 Burrower,. mal make ~ll,;,'_h appCJ!'alKn, di"oursc \w;h
<br />wens all\! la);;c j;,oc_h ;l..:tiun itS i~ ncc:cs-s.ary In prNt'-G LeaJt":f-" ;n;cr("~t, indUi::!lng, hut not !imif~~J 10, db_bufs(;rTlCnt oj
<br />r.e4j{:~.ablc ,!-1:!:or.u-~y\ fec-~, and ~ntry upvn the P-rnp..:riy h' m.,~.~ n:p.'1[JS If I.~ndtr required mnr_lgagt-:- in~Ufi.Hh:C .1,,," ,_l
<br />-':(lnduwn ~"\t maklll8 the ilJa.fJ _$C(.'orcd hy thiS Deed of ~fu~t. BiJrrIJ-'Io'(:r dlitl1 the premiums Icyum~d w o12.1nr;:Hn :w~h
<br />Ill-SUf'arK_C: In e:fftx,:l unlil MK::h time il'l the requirC-Illt;l'1t lor $tJch m~Uf"r.(;>:; Hi_ a~:(orda!)ce- with Borrowtr':; ;111J
<br />! ...ender'\; writle:n <tgrttO'\C1)( or applk-abk l.iLW_- f:k')niJ\,H~r- .'I,hilU pU)' ~h~ ;lfnQun1 1~'lGrt.gat-'t.~ m"ur~nl;C- premium'!) in It)(~
<br />f'l-anntf PfOYiUeJ unt!e,- parajr.aph 2 hen:....!'C
<br />i\ny amounts ditbumd by _ J,tUdc-f pursu-JrH !-<.:? jhi.1t i)aJJ.S;fiwh 7
<br />H~!,.teb1:'t'd~" 0t BofuJWtr ~ecured ~y lhi.;; IX--eJ Q{ 'T'roJ:.;, l lnk!l':i Borrnwe!
<br />~m<HUlt~ <hal! ht peyattK- IJpol'l, notk~ ftO:Ol t --e'--nd-er H~ RN'f':,'\\ cr
<br />datt- (Of d~Ur!Wf:meflt ~1. (ht' ,rate. payahk frmn Hm\.~ l(\
<br />.t ,v, d) , r.l~c 'WOtdd b<: ~'on1faf)' to .&pphl:O\h-k LaW n'
<br />Pif':r-r'nJwhk 1Jn~r awlit:ahk ta~' N1H-hir'ijt (:Ofl!;i:;JH:d lfl
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<br />'~., ~" t~~t ff1j:y trH'k-'; UI
<br />tbii~ L~ W.n gi\-t Rm-r(~we:< 'h-,;,nn~
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<br />and ~h-aH 1\(:)1 !l1h;rc:-;l:
<br />~');e ,n-;!-e-S\ paymcJ1! tHtcn~sl
<br />~nkrc..r M lhl: h!jith\.':~t r~h~
<br />f",-qU!!': ll:"kft~r k, ~1H.-,~-H ;Hl~- ~:q)lt'nl'i,' uf t-i'lkor
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