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<br />1~~'r~°'r~e't
<br />IJNIPORM Covtarrntvrs. Borrower and Lender covenant and agree as (oliows:
<br />t. Paytttetrt of Principal and Interest. Borrower ;halt promptly pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provtded in the Note, and the principal of and interest
<br />nn any Future Advances secured by this Deed of Trust.
<br />2 Fut[da for Trues and itrsnrane[. Subject to applicable taw or to a written waiver by Lender, Borrower strati pay
<br />to Lender en the day monthly insta0ments of principal and interest are payable under the Note, until the Note is paid in full,
<br />a sum (herein "Funds") equal ip one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deedof 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. ail as reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bills anc! reasonable estimates thereof.
<br />The-Funds shat! be held in an institution the deposits nr accounts of which are insured or guaranteed 6y a Federal or
<br />state agency (including Lender if Lender is such an institution), Lender shall apply the Funds to pay said razes, assessments,
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account
<br />ar verifying and compiling said assessments and bibs, unless Lender pays Borrower interest on the Funds and applicable taw
<br />permits fender to matte such a charge. Borrower and Lender may agree in writing at the time of execution of this
<br />Deed of Trust that interest un the Funds shall he paid is Borrower, and unless such agreement is made c?r applicable law
<br />requires such interest to be paid, Lender shall oat be required to pay Borrower any interest nr earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debns 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 />by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents. shalt exceed the amount required to pay sold taxes.
<br />assessments, insurance premiums and groond roar as they (ail due, ouch excess shall te, at Borrower's option, either
<br />promptly repaid to Borrower or credited to tk?rrower on monthly installments of Funds. If the amount of the Funds
<br />held by Lender shat! not t?e sudictent to pay razes. assessments. insurance premiums and ground rents as they fall due.
<br />Borrower shall pay m Lender any amount nc~c-ssary to make up the deficiency within 30 days from the date notice is mailed
<br />pry Lender to Borrower requesting payment thereof.
<br />Upon payment in Fuil of a}I sums sec;ued hs this Deed of "Gorr. 1 Winder shall prompdp refund to Borrower any Funds
<br />held by Lender. If tinder paragraph Ig herof the Prnnerrt :, sold nr the Property a whenrise acquired 6y l..endec Lender
<br />shalt apply, no later than immediately prior to the ,ale of nc~ Protxrty or its acquisinon by Lender, any Funds held by
<br />Lender at the time of application as' a credit against the sums secured •by this Deed of "reuse.
<br />3. Applkadon o[ Paytuents. L?niess applicable law provides ntherwrst, al payments received by Lender under the
<br />Note and paragraphs t and Z hereof shall tx applied by Lender first in payment of amounts payable to Linder by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Nate, then to the pnnctpal of nc~- Note. and [hen to interest and
<br />principal on any Future Advances.
<br />4. C)ra[q[st Lieaa. Borrow-cr shall pay all taxes_ :+sse~sments and other charges. tines and :mptxmuns attributable to
<br />the Property which may attain a priority over thts Deed of "Trust, :rod leasehold payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof or, i( not paid i^ such manner. t?7 Borrow-cr making payment, when due, directly
<br />to the payee thereof. Borrower .halt promptly tarnish ro [.ender all Hooter of amounts dui under this paragraph, and in the
<br />event Borrower shat) make paymem dvecdy, Borrower strati promptly turnuh to Linder receipts cvidatang such payments.
<br />Borrowe[ shall promptly discharge .rny Lien w-bleb has pnorin~ over the, Oced o, I7uac provtded. that Hi?mower ,hull not he
<br />required to discharge any such hen >n Imtg as Born,wror ,halt ageer in ,,Hung to the payment ut the ohhgauon secured by
<br />such lien in a manner acceptable m Lender, or ,hall ;n good tauh a?ntest such ben hv_ ar detrnd enfurrcmen[ of such hen in.
<br />legal ppnxeedings which operate ro Prevent the enforcement ='f the ilea or fortcinrm ,=f the Property or any port thereof.
<br />S. )tlwrd losnraoce. Borrower shalt keep the improcemrms nou~ avsnng c*r hen;eftrr erected on the Property msurcd
<br />against loss by fire. hazards included w9thia the teen "cstrnded .overage ~. and Hitt: otitrr hoards .u Le-ndtr may reyturc
<br />and in such amounts and for such periods ua Lender rnq' require: pn,v?ded. =h:u Linder >hall rut reymre that the amount of
<br />such coverage exceed that amaun[ a( coverage rccttaraaf to pat rte smna accured M- thts Decd of rout.
<br />The inwrance carrier providing the inurrante ,halt t?e :hr?.en by liorro,aer s~hiec-: w .rpprov:d S?y Lender, provided.
<br />that wch approval shall not t?e unreasonably withheld. :111 premiums an insurance policies shall he nail in the manner
<br />provided troller paragraph 2 hereof ur, tf :tut paid to such manner, hy~ Barnwer making payment, when due, directly to the
<br />idSU[•ance exciter.
<br />All insurance , Llities dud renews rnarror >haii er m t.,r nr c„c~•pt,chic to t.enuer and shalt tnchtde a standard mortgage
<br />clause i^ favo[ of and in form accrptabre to 1 coder l.,ndcr ,h:di ha,r the r=ght u? hold the poticaes vnd reneuuis thereat
<br />and Borrower shaft prumpdy funush to leader .tit tencuai .r.?tr.-~-, :u;d art redc;pis „i pet~i premnrm>. in rho ever,[ of lus,.
<br />Borrower shall gtve prompt notce to [hc ntsurmrer ..arms an,i Lander Esn.ier may nrakc prrof of to>, ti not made prompty
<br />by Borrower.
<br />Unless 1.cnder and Borrower nmerwrst ages rn srtuae.:rtanr.rn..c ps,w.rrd> .hall be appteti t„ re,tc ration or repair of
<br />the Property damaged, ptovidcil such reaam?ncn or ,ep.nr n :,. - r- r - h- t ml -rid th srannti` a the lleed of frost ~,
<br />not thereby impaired. if inch reAOtanun ar repa?r s, not .~.u?, nu. aa} ru>,:~Ic, or .. the acnnt} of dti< Decd of l7ust would
<br />be impairod, the insurance prkr tis .bait be of?ptre.i io :ire Tutu, ,enured by rhr, i)ctict ci fntst. ~wnh the c.crsc, rf an)-. pa?d
<br />to Eiorrowat. ff the Pratxrty rs abandour,i by Bonowc•r_ ,a d Born~u ar t!ri, rz re>pond ro Lender wuhm ?0 days from the
<br />data notice is mailed by Lender ;o Bartewcr that the ,nsuran.c .an:rr ~,afma to settle .: ,i,uot fen rn,uruue benefits. Lender
<br />is authonud ro roiled and apply the insurance pro.;eed> .rr I ender`, opunrr other m lino+ruu?u .?r repair of the Pruprny
<br />at to the sums secured by this (ked of Tout.
<br />Unless Lender attd Borrower uthrrwise agree .n unung„?n, ,uctt .,pplr.aaor. of pra:ecds ;,? pnnttpat abaft not c~tend
<br />or postpone the due date u( the month[} m>tailment, :rterrrcl to :n pardgrapha Z and ? herrut or change the amount of
<br />such installmens. If under paragraph 1 ~ hereo[ ti?t Praprrt} a a.yuurd t,} 1.~°ader, .dl right, title and unerest of Borrower
<br />in and to any' insuranca putties and m and u? the pr.+~eed> thrrcoP resulting tram Janwge tit the Property poor a? the sale
<br />or acquisition shall pass nt Lender to tits :.stmt of the >uurs nrcw ra i,} rhea t)rrd of ~1}us: trnnrcilta0.'ty prior to such sale ar
<br />acquisition.
<br />b- Preeer.atbu sad MHlpteuance of Prupen}; Leaschulds; iuodumiuiunrs; Ytanned Unit t)rvelopments. Barrow er
<br />stud] krxp tbe Property in gvu>,t r~cparr and shat; nor a,nuarct ,..r.,rr .•s petunt trap..,; nturt er tcta for altos. of the Proper]}'
<br />and shat] comply with [he ptavisictu of any tease if thts lamed at l mar n on a ie,raehcrld, If this Detd of Trust is on a trait i^ a
<br />condominium or a planned unit devtlapntent, Barrouar shah ~ifonn all .?t Borrower's ,?bligatiotu under the declar:ttiun
<br />or eovenanls creating ar governing the tandommium t+r planned tin?[ delete?potent. the by-laws :rod regukutons of the
<br />condt>otinium or piaancd unit devetapmrn4 .tad consu[renr Ja:una:a-,- it a e,+rtduminirnn ~?r ptauaed trait de,e{opntent
<br />rider is executed by Berruw'rr au1 recardr.t togetter urth th:, i)rcd ;,i ~iruat. ;he covenants :u;d agrernrrnia of ,uth rider
<br />snail be incorporated into and shall amend sad supptentent the ~.?trn,rat> dud agrrentents of this f)c~rd r,t 1"roar a. if the rider
<br />were a part hereof.
<br />7. Protection at Leaders Security. ]f Honuwcr ta,i< t- ihr s .ern r u •rr. tt - - rc: agreement, ..~ ntn?r+.cd in this
<br />Deed of Trust, or if any act.on ar ptctieedir~ is co.uu?cat.e~ uhf fi ut.,ar.at } :rffu -r Lender's interest ;n the Pralxrty.
<br />including, tort tort limi[ad ta. ernirtent doatain_ itu~sveni). irate colt:=rccuh=u. er arr.r;rgrrne!t!a or orueeedrnga invah~tng t
<br />bankrupt o[ deeedetn, then Lender at Lender c 6ptivu, uln>n ,route to Ilarn?wrr, rna} make >uch appraran:ca, diatxu'au ~.cuct
<br />sutttt and take +uch action as da rxiYU~aes nr prutecr Lenders ~ntrreat. nrtiudiug. t=tit n . ;netted r ':hhwsrn?aru cf
<br />rezwnahit atteuney> Ices and omry upon the Yrcz~tts h? o:akr repair. it sander requtreJ martgagc~ ,i?.r as ~r
<br />catuii[inn of making the Iran secured b. this %}eed of Trot, Borrower shed[ pay u-te pt rnuu;ars royal red i ~tian? oath
<br />{thtii[aniCi IR C$fECt tmtll ouch tllSk." a6 ttYt regUESClrtent fC[ 44,:tt i,ttrr;:etc' rern<!nalas lit a~cc?rd:+n~; t' vin}? li. i~,.w er`a aSld
<br />l~tt~'t S WCinen agrCefTYGnt elf appiata the taw. BUti JN-cr ~}tall ptj '.ter an?J1fnS ,Yt Ali n14+CI5tagt n1aUr,l:t~:l" {'r c'r1?rin:}a ill ft[C
<br />manuar psavidtzi utnler paragraph 2 hertuf.
<br />- Royy xnisrwnts dteburs[d by hrmice twrsuatrt :,~? this laragraph 7 u-th :niters drrrr.? .haU tx nt addruanai
<br />?nlebtratttess c,f &urower xcure(d b} this Decd of Ttu,t ('attar Harrower ;.uu I cnJcr ag?ec to c [her let eta c r payment, .utl?
<br />arnowus shat) E.+c f>s+}'able u;' ar, notice €rom I cr, ter to Horn*~~ct naike;ttn$ {rapartcn, rMrrcaf, .<+,d >hai! t>tu, uuerr3t frcsn the
<br />ckttn of dgbtrsvatant at the late payahk tnxtt emu to iitne.nt c tit .analog pr-t p:,l ,tau-`r the '~„ . ~ ' ,a {*d}-ntcnt .,i intcrcst
<br />at such r9te wssltid t?t tzrntrary fo applVtat?:: low. ?n •.,hrch rv a<°ct soch not~unt, ', tail hc,ir -rte, ;i at tha highest rate
<br />permiaaibta urah[r applitahl[ F5w- Nsr+hing ~<m..ined in :hcs p?aragratdh ~ th?dt :zgtrre f_t°n.3ir t_? tutor ink- rxpettse ae take
<br />any tts:tson har[rutdev,
<br />A: (1i+pldlpu. Ltaskr may etwk," +-r cau~ to he ,node tear sr -'~sc c~tr t t,pc,,, -tr r+-t>rt r.-,.t -xt .hc ('r ?Iv cis. !.re+. lace?
<br />[tut i.cuder Atoll gave BisrrCtw~er nut+ce pr <tr iL airy such tnitx4 rim .pct?fang reas,'tt , x ca.r+: th+.rcinr reidc~ l .a i ur.dcr-,
<br />stt{crsat in the P[CWef'h.
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