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<br />UNifORM COVENANTS. Borrower and Lender covenant and agree as follows:
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<br />J. 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 Jate charges as provided in the Note. and the principal of and interest
<br />on <tny Future Advances secured by this Deed of TrusL
<br />2. Funds for T.n.. IlIId l.....rallCe, Subject to applicable law or to a wrinen waiver by Lender, Borrower sball 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 slim (herein "Fund~") equal to one~twelnh of the yearly taxes and assessments which may aUatn 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 instaHmen(s for mortgage insurance. if any. an as reasonably estimated initially and from
<br />time to time by I~ender on the ba~js 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 guaranteed by a Federai:or
<br />state agency (including Lender if Lender jl! su("h ~n jn~titution). Lender s.hall apply tht'! Funds to pay-said Uixes;__~sSfnttnts,
<br />insurance premiums and ground rent~. Lender may not charge for so holding and applyIng the Funds, analyzing said. account
<br />or verifying and compiling said as~ments and bills, unless Lender pays Borrower interest on the Funds and applicable, law
<br />permits Lender to make ,'Ouch a charge. Borrower and Lender may agree in wrhing at _tbtl time of executio~,:,Qf: t9is.
<br />Deed of Trust that interest on Ihe Funds shalJ be paid to Borrower, and unless such agreement ,is made or: appJi<:-abJe:-law
<br />require~ such interest 10 be paid. Lender shall nof be required to pay Borrower any interest or earnings on'the FundS. '- -Lender
<br />shall give- to Borrower, without charge, an annual accounting of Ihe Funds ShOWI"g--credits .and debits,to-th~ Fu.nds an<<:J -the
<br />purpose for which each debit to the Funds was made. The Funds are pledged a. additional security for tbeluma.secured
<br />by this Deed of Trust.
<br />If the amount or the Funds held hy Lender, together with the future monthly installments of Fund. payable prior to
<br />the due dales_of taxes. a.~e-ssmen-ls. Insurance premium!;: and ground rents. shaJl exceed the amount,requIr~d,to'pay sa(d-,~axes.
<br />assessments, IDsurance premjum~ and ground rerus as they f~1I due, such eXcess shall be. at_ Borro~er'& ofuon,; ei,tber
<br />promptly repaid fo Borrower or credited to Borrower on monthly installmentfi of Funds. If the amount 0 ,,'the_ -Funcls
<br />held hy Lender shaH not be suffiCIent 10 pay fa.xes, as~sments. in!iurance premiums and ground, rents as - they fan~ ,du~.
<br />Borrower shalf pay to Lender any amount neceuary to make up the deficiency within 30 days from the ,date notice is, mailed
<br />by Lender 10 Borrower requesting payment thereof. _ -, ' ;
<br />Upon payment in full of all sumfi 5>ccured by this Deed .of Trust, Lender shall promptly refund to- Borrowe(-~any--:FlI:nds
<br />held by Lender. If under paragraph IS hereof the Property IS- sold or the Property is otherwise acquired. by_ Lende_r.- ,Len~~r
<br />shall apply, no later than immedIately pnor 10 (he "Iale 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 -sect~red by this Deed of Trust.
<br />3. Application of pgyments. Vnle.~ applicahle Jaw provlde.o;; ()Ihcn.\'lse, aU payments received by' Lender' u_~er' the
<br />Note and paragra~hs 1 and 2 hereof shall he applied hy Le-l"':dcr fil1'it 10 payment of amounts payable to Lender by Borrower.
<br />un.der paragraph... hereof. then to interesl payable on the . :lte. then to the principal of the Note, and then to interest'.and'
<br />pnncJpal on any Future Advances.
<br />4. Charxes; Urns. Bor.rower ~haH pay .\11 taxes. ;ISiL.~.",mcnIS ,wJ other charges, fines and impositions attributable- to
<br />the P.roperty which may attam a pnonty over this Deed of 1'rus[. and leasehold payments. or ground rents" if any~ in,.the
<br />manner provided under paragraph 2 hereof or, it' not paid in such manner, by Borrower making payment, when due, ditel'::tly
<br />to the payee lhereof, Borrower ~ha~! n~omp!ly furnish to Lender all notices of amounts due_ under this _paragraph~ _and, in_ th'e
<br />event Borrower shall make paymem dm:ctly, Borrower shall pwmptly furnish to Lender receipts evidencing,such payments:
<br />Borrower shall promptly discharge any lien which has pnonty (Iver IhlS Deed of Trust; provided, that -Borrower -shaH not ,be
<br />required t.o disc,harg-e any ~uch Hen so long ,as Borrower "haJJ !lgree in writing .to the payment of the obligation 5ecu~ec:i -_~y
<br />such !len 111 ~ manner acct:"ptable In Lender. tJr shaU in good ralth conlest s.ul;h Jlen by. or defend enfon:;e-ment of such, lien. tn._
<br />legal pr(.x'eeding~ which (:Jpc:-rale It! prevent the enforcemenl o( the lien o~ forfdu.m: of the Property or any))art thereof.
<br />.5. Hazard InsuntDcr, Horrower shaH keep the Improvements now c_,-:Isltng or hereafter erected on the Property' insured
<br />:.J.gainst Joss by fire, hmw_ros included within the term. .'extcnd-::d coverage.', and ~u(;h other hazards as Lender may -re_quire_
<br />and In .~uch amounts and for :mch penods as Lenuer may reqolfi:; prLwldetl, thai Lender. shan not require that the amount of
<br />:i\Jch ("(overage exceed that amount of coverage required 10 pay the sums SL"Cured by thIS Deed of Trust.
<br />The insurance c~rricr provJ(!ing the: insunmcc o;hall be t:hoo;en hy Borrower subject 10 approval by Lender;- provide:u;
<br />that such appn:.wal shall not be unreltsonabiy wilhheld. All premiums on HlSUrance. policies shall be paid In_ the _inanner
<br />P'fuvided uoder paragraph 2 hereof 01'. if nOt paid In such fllanner. hy Borrower n1aking payment, when due. .directly 'to the
<br />insurance carrier.
<br />All insurance: polKies and fl"lleWals Ihereoi ~hall b..:. 10 joon acct:ptabJe 10 Lender and shaH include a standard mortgag~
<br />daus.: in [avi.,)r of and in form a..:c,epllthk to Lender_ LcoLlcl -';,hall have. the nghl to hold {he policies and renewah(thereof,
<br />and Borrower shall promptly furnish- to Lender iill n~ncwal IHJtiecs and 3U re'::efpts of paid premiuf\1$, In the event' of loss.
<br />Borro\lier shall givt' prumpt oOlil.::c to the insurau..:c c;.,rr;cr anD Lcnder. LenJer may make proof or-J~ if not made_promplly-
<br />by Borrower.
<br />Unless Lender and 8'-)l".rowCf otherWise a.grcc HI \\-nring, Hl..mance pf()Ce-eds ~hall he apphed 10 restoration or repair of
<br />lhe Property Jam.lgcd, provH.led s.u..~h resloralhlH or re-pair h Cl;oiloIHH.::ally It:_as.Jbte ;tiid the security of this Deed of Trust is
<br />not thereby impaired, If -soch restor alion or rcpalf i_" llOt t',<'::Dnomic:aHy fcaMble or If the se<:urity of this Deed of Trust would
<br />he impaired, the m~urance pft).i.;e~d-s s.haH be applied to the ~ums ,'ici..un::d by this Deed of Trust.. with the exce~, if any. paid
<br />to !lorroweL If rhe f'n)pcrty is. abandoned by Borrowt:f'. or if l:Jofn.,\A.Cr fails to respond to Lender within 30 days from the
<br />daie nuli~f.~ is mailed hv Lender {O Borro\-\cr duu liu:: JllSllr~nl,:c carner offers to settle l:i claim for InsHram;e bcnefits~ Le,nder
<br />IS aUlhonzed tv .::....Hcct and apply the insuran<:e rfl}C~c&~ <It Lendcr'~ option either to ft$,[Oration or, repair of the Property
<br />or to the sum~ secured by dus Deed of Tru~t.
<br />Unless Lender and B-orrower other\.lil.se a~!'ce !f\ writmg, ;HI}" such application of proceeds to principal shall not_extend
<br />or poslpone- {he dut dale of [he monthly installments re.ferrcJ tn in paragraphs I and 2 hereof or change. the amount of
<br />!ouch io:\tallmenI~. If under p-a,:t9:r;-l,nh j -" h~~ri'pl' th(" Pn1!'\Nl\. ;0.; JlJ"'<'lf.lir!."0 }--.v f t'nd~J' :If! riQ'ht, title <'I.I1U i~t....!"....~t of B0r;G\,(~:
<br />10 and to .~n)' lflsurancc pohdc'\ anJ in ~tnd w the. pn_xecds lh~r":'~t)( re~ultin-g from damage- to- the Property prior to the sale
<br />or ac:quistoon -s-baH pa~s to Lender h) the c,,-fehl '-'1 the )\JUlS wcurcJ by this Deed of Trust immediately prior to stich sale or
<br />acqUIsition.
<br />6. Presenation and Maiotenallce of ProperlJ; Lt"aseholds; C(Jndomifliu~; ~lanned Unit Developments. Borrower
<br />"hail keep the ProperlY in g-i.xx1 n:p.ilf dud Sh'-iil n'.)1 COITUlHI Wa,,{l.' 01 remlll llHpittfIllCn! or deti;rwration of the Property
<br />and $ball comply with !.he provislon~ uf .tn): lea.l'>C It' this Deed of "1 rust is on a Je~sch~)ld. If thi5 Deed of Trust is on a unit in- a
<br />condOJninium or it planru:d unit de\'cloprncnt. BO[fuwer .shaH periofm :il! of Borrower.s obligations under the declaration
<br />or cO"'cnaot:. "reating or go\'c.rning lh~ condominium or planned unit development. the by~laws anu rcgulatiom of the
<br />c-ondo.minium or planned uniI development, and (:onsti.ttlCf1r documenb. __ If a cOllllorninium or planned unit development
<br />rider 15 executed by Borrower and rccor-dcJ wgether with this Decd l\f 'I rust. the covenanls and agreements of !)t.Ich rider
<br />:o..hatl he incorporated inlo .md shall amend Jill.! supplement the (UVcr;;;inb ;JOU 4grcements of thiS Deed of Trust a:s jf (he riuer
<br />wen,; a pan here.of.
<br />7. Protection of Lender's Securiry, If B,.;rfuwe-r taih 10 perform !.h~ (O~';:rmilts and agreements t'onlaincd in (hi...
<br />Deed of Trust. or if any m.::tioB 0f pr!..K,--ecding j", ,:ornOle:n..;cd whil.:h rn:HeriaHy aifccb Lcmh~r's interest in the ProperlY,
<br />mdud_ipg, but not limited 10, eminent domain, in~.(}lvcm:~.. ('oilt' tufo1',-'cmenl. 1)1" arr:.ngcmcl1b (l{' pf(>c(:':cdjng~ invt}lving i.l
<br />bankrupt ()f decedent, locn Lender at Lender'" optiun. upon nOII:;e- !o Borrower. may make !iu..:h appearance:--. di"bllf'"t> such
<br />&ums. and rake "Iuch a~[ion <lj) l~ ncces-~ary h) protcct LCJ1\.la.", Inl.:!uJtng, but nN limited tn. di~hUf~t:rntm uf
<br />re.asonable .<lUorney'.s fees and entry upon the: PJ-operty i.,: :l1ake Ii LcnJL"f rC'-luirecl mortgag..: insU!an>:e .\\
<br />;:onditlon of making the loan 5ecufco by thi:-o Deed ,-if TW\i, BOHO\H::r [1-\<,; premiums rl"qwn:d tt' n1~linLiin
<br />iMuraoce in effett until such time a'5 the requirement fnr such ii\!~lJf~!I1Ct: III a\'~-c-o(J.ance .....ith J)nfn:,wcr\
<br />Lender's wnUen ag.re:ement or applicable law. R\}fI"(lwcr ~h-'i~l pJ\' the :wwunt IJwrtg..ige insurlin\.~~: premiulH'" 11) tl1;:-
<br />manner provided under paragraph 2 hereof. .
<br />Any amounts dttlbursed by Lel.ldC'f pUf.~uant {p thj:; p3fagr,tph 7. w;lh (:H~lt:<.t thereon, sh;~1i
<br />iOJeblcdn-e.\\ of Borrower secured by thl!io Deed of Tab! t'nk's'" BOffo\.\C'r and LClH.;!cr .lgrcc to other kfm~ payrncnL
<br />i,tUloUOh ~haH be payable upon ll()tjCe from Lender To B-onowrr ibt"'f'J(tf. i:md !<oil.)!! he,'l( il'lkrcst If<)n1
<br />date of dUbursc-meot -at lhe rale payable from time- to ,tiroe {:I1 under !he ~otl,; tlfih;:;'1" p,ly;neni_ nl jnl1.'(f,;~l
<br />at \uch rate would 0<.' cnntn:try h"! appflCahk law, m v"hu,:h evt:.'nt \h:d! h"'~;;r H1r;;H:~-i .1~ the llljt!w,,<.1 raft"
<br />penn\S$,ible under applicable lavo' "\lolhing ,-~\\tHaillt'd !I'i rh.\ f!i)fi-Igraph ' rCi.pHI.-" Li;f\der f,:' llH..'ur "in} {'-\fX'n~e PI tllh
<br />any :action hertfi)1)der,
<br />8, I..pertlon~ Le-nder mIl)' mith or L~U-'i-..~ k ht'
<br />thj.jl L(!Jl;4er !.u.ft gl\-'~ Burrower flf,)th-;-e prmr \0 .;lI1y
<br />tnlere5~ In the Prooert'1
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