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<br />UxiFOana CovsxnxTS; Borrowerand.Lender covenantand,agree as follows:
<br />1. Payment of'Principal`and Interest. Borrower'sha(I.promptly pay when due the principal of-and interest on .the
<br />indebtedness evidenced bythc Note, prepayment and late. charges as provided in the Notc, and the principal of and interest
<br />: on any Future Advances secured by this Deed of Trust.
<br />2. Funds foe Taxes andInsaraecei-Subject to'applicablelaw oCtoa written waiverbyLerder, Borrower shall pay
<br />~ to Lenderon [he daymonthly installments of principal and intcrestare payable under theNote;until the-Note ispaidin full.
<br />a sum-(herein "Funds") equal,to oce-twelfth of the yearly taxes and assessments whtch' may attain priority over tni;
<br />Deed of Trust, andground rents on [he Property, if any, phisbno-twelflhof yearly premium installments for hazardinsurancc.
<br />:plus one-twelfth of yearly premium installments for mor[gag~ insurance; if'any, all as`reasonablyestimatedinitiallyandfmn~:
<br />ttme to time by Lender on tfie basis of assessments and. bills and reasonable estimates theteo£
<br />The Funds shall be held iman institution ilae deposes oraccountsof which. are:insured or guaranteed. by a Federal nor
<br />.state agency (induditig Lender if'.Lender is such an ins[itutionj: Lender shall apply: the Funds 40 pay said aces,. assessments.
<br />iasurancepremiums and ground. rents.Letrder nraynot charge for so hcr]ding and applying theFimds, analyzing said'accoun?
<br />or verifying andcompiling said assessmen[sand bills;uo[essL.ender pays Borrower interest on:the Funds=andapplicableIaw
<br />permits' Lender [n make such a charge. Borrower and Lender may agree in. writing al the rnie cf execution of this
<br />Deed of Trust [haC interest on the Funds shall be paid to Borrower,'and unless such agreement :; rnadc or applicable lac4
<br />requiressuch interest [o be paid:Lender-shall not be'requiredao,pay Borrowecanyinterest orearnmgson the Fund,. 1_ender
<br />.'shall give to Borrower,: without charge, an anmial accounting of ihe Fundg showing credits and debits to ttic Funde and the
<br />purpose for whicheach debit tothe Funds wasmade. ThaFundsare pledgedas additionalsecuri[y for'the sums se~~red
<br />by this Deed of Trust.
<br />IE,ihe amount of the Funds held by Lender, together with'the funtre monthly installments of Funds'payable prior ;o
<br />the due dates of taxes; assessments, insurance premiums and ground rents, shall exceed the amoum required to pay said text..
<br />assessments, insurance premiums. and ground rentsas the} :fall due; such excess shall be,' at Borrower's option; .either
<br />.promptly .repaid to Borroweror creditedto Borrower or.. monthly: installments ofFunds. Ifthe amount of theFunds
<br />held by Lender shall nor be suffictenb to pay taxes;. assessments; insurance premiums and ground rents ~.as they<fall due.
<br />Borrower'shall payo Lender any amounr necessary ro make up [he deficiency within30days :from ihedafe notice is mailed
<br />by Lendecto Borrower requesting payment tfiereof:
<br />Unonpaymenbin full ofi~'lsums secured bythis Deed-ofTrust. Lender shalt promptly refund io Borrower atn•PUnds
<br />held b9 Lender. if underparagraph 18 hereof the Properly is sold octhe Property rs otherwise acquired by Lender; Lender
<br />shaiLapply, nolater than tmmediately priorto-.the sale' of the Property car its' acquisuion by Lender, ape Funds held hi~
<br />Lender at the time of application as'a credo'against the sums secured by this Deed of Trust.
<br />3.. Appllcalion. of Payments. Unless applicable law provides otherwise. all payments received by. Lender under the
<br />lsiote artd: paragraphs.! and:2l hereof shall 6e applied byLender ftrsri^ payment of amounts payable to Lender by. Borrower
<br />" under paragraph2 hereof, theoto interesYpayableontlie :JOte,.thenmthe principaloftheNote, and then to interest and
<br />' principalohany`Fu[ureAdvances:
<br />4: Chatxes;:Liens.Borrower ~hallpay alYaaxcs. assessments and other e;hargcs. fines and:impositions , uributablc to
<br />[he Property which may attain a priority over this:Deed of Trust, and leasehold payments or ground rents, if any; ,idthe
<br />manner provided under paragraph 2 hereafbr, if not paid in suchmanner, by Borrower making payment, when due, directly
<br />to the payee. thereoL' Borrouershallpromptly furnishao Lender allnoticesof amounts due underthir paragraph, and'inahc
<br />event Borrower shall make payment. directly, Borrowecshall promptly fitrnish to Lender receipts evidencing such payments.
<br />BOrrowershall promptlydischargeany tics which haspriori[yoverrhisDeed of TmsE,provtded; that. Borrowershallnbt be
<br />required. to discharge-any. such ten so long as Borrower shall agtre' in writing to the.. payment of the: obligation. secured b~
<br />such lien in a manneracceptablc to Lenderrorsnalf in goodfaith contest such hen by,: or defend enforcement oEsiicti:lien in,
<br />legal pproceedings-which operate o prevent the enforcement of the lfea or forfeiture of the .Property or' any part thereof.
<br />S. Aarard Itawratoce, Borrowershailkeep the improvements now existing or hereafter erected on the: Property in ".:red
<br />against oss by fire:;hazards included within thetcrm "extended coverage", and such otherfiazards as Lender may require
<br />and in such amounts and forsuch periods as Lender may require: provided, that Lender shall not require thatthe amount of
<br />.such coverage exceed thatamount of coverage required tq pay the sums secured by this Deed of Trust::-
<br />'Tate msurance carrierproviding the insurance shalt be chosen by Borrowersubjecr to approval by Lender: provided.
<br />that sttchapproval'shail not beunreasonably-withheld,. All. premiumson insurancepoliciesshall be paid in.themanoer
<br />provided ttitder paragraph 2 hereof er,'if not paid. in such manner, by Borrower. making: payment, when due, directly to the
<br />iasutanse carrier.
<br />All. insurance policies andYenewals thereof shall be inform ac++_ptable to Ixnderand shall include a standard mortgage.
<br />clause in favor of and in form acceptable io Lender. Lender shall have the right to hold the policies and renewals thereof.
<br />and BorrowershalLpromptly furnish to Lenderali renewal notices and allrecerpts oFpaidpremiums. In the event-of loss,
<br />Borrower shall give. prompEnotice to the insurance carrier and Lender. Lender may makeproof oFloss if nqt made promptly
<br />by Borrower.
<br />UhlessLender and Borrower otherwiscagree in writing, insurance proceeds shallbe applied to restoration or repair. of
<br />the Property damaged, providedsucn restoration or repair rseconomreally feasible and the security of this Deed of Trust is
<br />.not ghereby impaired.'If such restoration orrepair is not economically feasibleror~f the security of this: Deed of Trust would
<br />. be impaired; the insurance proceedsshall be applied to the sumssecuredby"thisDeed of Trust,..with ihe excess, if any; paid
<br />to Borrower. If the Property is'abandoned by Borrower, pr if Borrower fails to respond to Lender within 30 days"from the
<br />date notice is mailed by Lender to Borrower [hat [he insurance carrier offers to settle a claim for instiranceP benefits, Lender
<br />isauthorized [o collectandapplyihe jnsurance prxeeds at Lenders option either torestorationor repair of the Property
<br />or to the sums secured by this Deed of Trust.
<br />Unless.Lenderand Botiower otherwise :agree in writing, any. such application of proceeds to principal'shalt not: extend
<br />or postpone.: the due date of-the-monthly installments referred to in paragraphs d and 2 hereof or change the amount of
<br />such installments.,[funderparagraphl8 hereofthe.Property is acyuredbyLender,:aH rigiit,titie andinterestof.Borrower
<br />in andao any insurance policies and in and to the proceedsahereof resulting fromdamage..so the Property: prior io the sale
<br />or acquisition shall pass to Lender to the extent of ihe sums ecured by this Deed of Trust immediately prior to such'sale or
<br />acquisiGou.
<br />6. Preaervatloa and MaWepasce of Properly; Leaseholds; Condominiums; Planned Urdt Developments. Borrowed"
<br />shall keep the Property in good,:repair andahall not comnvi waste or permit impairment or dezeriorauon~of the Property
<br />sod shallcomply wiih,the provisions ofany ]ease ifthis Deed of Trust s on a. leasehold; ' Tf this Deed of Trust"is on a unit in a
<br />condominium or aplanoed unit-development, Borrower shall. peztomt ail of Borrower's obligations underihe,declaration
<br />or covenants creating of governing thecondomtmum'or planned unit development;'the by-laws and regulations-ofthe
<br />condominium or planned unit'deveiapmetsi; 2nd constituent documents. [f a condominium or planned.`uniEdevelopment
<br />rider is executed by'Borrower and recorded together with this Deed of :Tres[, thc:coycnants and agreements of such rider
<br />shall lx incorporated 9nto noel shalt amend.. and suoplemen[ the covenants and agreements of this Deed :if Trust as if the'rder
<br />were a parthereof.
<br />7. Protection of Leader's Security. If Borrower falls io. pcefotm the covenants and agreements contained in this
<br />Deal of Ttvsi, orif-any actionor proceeding is: commenced which matedallytaffecis Lenders interest-in [he Property;
<br />including, fiat pat limited to, eminent domain, insolvency, codeenforcement, orarrangementsor praceedings tnvolving,.a
<br />bankrupt ordecedent; then Lender ac Lender's ophon,..upon notice to Borrower, may make such appearances,disburse stick
<br />rams and tirke such acUOn as :is recessary: to protect Lender's mteresY;. inciudmg; but not. limned to,.'disburscmeni of
<br />:casonablc. auerney's!fees and entry- uponthe Property to make repairs."-Tf Lender require;d,.mortgage';insurancz'..a; a
<br />condiuen of making the loan secured by this Domed of Trust, Borrower shall pay the "premiums required [c maintain. such
<br />i nsurancc in et7ect until such hme as the requirementfer sucfr instrznec termmatesan accordance wtzh Borrower's and
<br />4_eoder's written agreement nr apptieablelaw Borrower shall'pay the amount of all rnortgageinsurancepremiums:in tltc
<br />manner pnavided undcrparagraph ?.hereof.:
<br />Any amounts disbursed by 1 ender pursuant tathis paragraph 7, .with interest thereon;: shall huome additional
<br />indctiredncss of Borrcwe scoured by this Deed of Trust: Unless Borrower and !..ender sgree fo other termsof payment, such
<br />amount; sha'i h,: pagabi~ ufwn r,ohec from L,cndet t,r Bostr++e~ re:gneetmgpayment thereof, andshal! bear interest -0'r'om the
<br />date of disbursement at tb, rate payabtu frarti time z., t-rie of y standing p~ineipal under the Note unless payment of interest
<br />at such rate would F.c . _ntratt to applicable i1w 3n .phi ?- t.~ +-h amonnLs sKail 1>„ar interest a[ ihe highest rate
<br />permis<tb!e ender applicable taw. Nothingcenta n,~ ir. f ~ nor a,,, .;,,r 7 snaltrequire Lender to5acur any~xper,3ear take
<br />airy act+en hereunder. :
<br />' H. Isspectlon, ),.ender may make ar cause ro ~c m;tde 1 nsbl -•rtrres up, n and inspt,cuons of the Prpp rty pre:+- dstl
<br />the! Lender shall give F3erinwcr pollee priori to xdc sack ,nspect.x,n s ~ifying rcasanable cau=ic tbe,vfrrt rF-laird +n'[:etider'i,
<br />in[ecest in the Proxrtv
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