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<br /> 'Urrt>roRM CoweparM. Borrower. and Leader cavenust and agree as fattoars:
<br /> 1. royniew W Vsiwc l ad hA art. Borrower *Al promptly pay : WhM dips Iha prineipal or. ww interest on the
<br /> indebtedness evidenced by the Note. ~ayrmtrt and late charges as *&vo td in the Note, tint the principal of and interest
<br /> on ay Future. Advances secured by this of That.
<br /> 2.. Fangs for Tallies; std Lsrseatrtte. Subject to, applicable law or to a wtitsm waiver by Lender. BOCM1er slsarll pay
<br /> to Lender on the day monthly installments of ptincipat.aod interest acre. payable Wrdrr the Nate. until the Note is p&iJ in w ,
<br /> a sutra therein "Funds`) equal to one-twelfth of the yearly taxes and assessmt:trtrt which spay attain priority over this
<br /> Deed of Trust., sod ground mats on the Pr dpertq; if any, plus ort~e-twelfth of yearly premium installments for hazard insurance,
<br /> plus mic-twelfth of yearly premium in sal t'-3v for mort#W msummv. if, any. all as reasonably. estimated initially and from
<br /> time to time by Leader on the basis of,aslessrrimts. and bills and reasonable estimates thereoL
<br /> The Fts<,s`, shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Federal or
<br /> state agency (txlud rag Lender' if Leader is strum an institution). Lender shalt apply the Fonds top.y acid taxis„ assessments.
<br /> insurance pit nrn►ms sail ground rents. Lender`tna)r not charge for so holding and applying the Fttrtds, analyzing said account
<br /> or verifying and compiling acid assessments and..bills.,unkss Lender pays Borrower interest on the Funds and applicable law
<br /> emits 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 interest on the:Funds.shall be paid to Borrower. rand unless such agreement is made or applicable law
<br /> requires such interest to be paid, Lender.shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br /> shall give to Borrower, without charge. an.annual accounting of the Fonds showing credits and debits to the Funds and the
<br /> ppuurpoir- 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 installtncnts of Funds payable prior to
<br /> the due dates of taxes. assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br /> assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br /> prorrtptly repaid to Borrower or credited to Borrower.on monthly installments of Funds. If the amount of the Funds
<br /> held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due.
<br /> Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed
<br /> by Lender to Borrower requesting payment thereof.
<br /> Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds
<br /> held by Lender. If under paragraph lg hereof the Property is sold or the Property is otherwise acquired by Lender. Lender
<br /> shall apply. no later than immediately prior to the sale 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 secured by this Deed of Trust.
<br /> 3. Appllcatlest of ftywtals. Unless applicable law provides otherwise, all payments received by Lender under the
<br /> Note and paragraphs l and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br /> under paragraph 2 hereof, then to interest payable on the Note, then to the principal of the Note, and then to interest and
<br /> principal on any Future Advances.
<br /> 1. Charg"; Llem Borrower shall pay all taxes, rise sments and other charges, fines and impositions attributable to
<br /> the Property which may attain a priority over this Decd of Trust, and leasehold payments or ground renw. if any, in the
<br /> manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly
<br /> to the payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the
<br /> event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br /> Borrower shall promptly discharge any lien which he- priority over this Deed of Trust: provided, that Borrower shall not be
<br /> required to discharge any such hen so long a:; Borrower shall agree in writing to the payment of the obligation secured by
<br /> such lien in a manner acceptable to ender, or shall in good faith contest such lien by,.or defend enforcement of such lien in.
<br /> legal mccedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br /> I Hazwd 1wmrsace. Borrower shall keep the improvemer: s now existing or hereafter erected on the Property insured
<br /> against loss by fire, hazards included within the term "extended coverage'', and such other hazards as Lender may require
<br /> and in such amounts and for such periods as Lender may require; provided, that Lender shall not require that the amount of
<br /> such coverage exceed that amount of coverage required to pay the sums secured by this Deed of Trust.
<br /> The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender: provided.
<br /> that such approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner
<br /> provided under paragraph 2 hereof or, if not paid in such manner, by Borror.'er making payment, when due, directly to the
<br /> insurance carrier.
<br /> All insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage
<br /> clause in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof,
<br /> and Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of Ions.
<br /> Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly
<br /> by Borrows;.
<br /> Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br /> the Property damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trust is
<br /> not thereby impaired. If such restoration or repair is not economically feasible or if the security of this Deed of Trust would
<br /> be impaired, the insurance proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, if any, paid
<br /> to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the
<br /> date notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits. Lender.
<br /> .y is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br /> or to the sums secured by this Deed of Trust.
<br /> Unless Lender ant Borrower otherwise agree in writing, any such application of proses to principal shall not extend
<br /> s or postpone the due da,~ of the monthly installments referred to in paragrapN 1 and 2 hereof or change the amount of
<br /> such installments. If under paragraph 18 hereof the Property is acquired by Lender. all right, title and interest of Borrower
<br /> in and to any insurance policies and to and io She proceeds thereof resulting from damage to the Property prior to the sale
<br /> or acquisition shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such sale or
<br /> acquisition:
<br /> 6. Prewrvackm and Malrtensuce of Property; Leaseholds; Condontiniumr, Planned Unit Developments. Borrower
<br /> shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the Property
<br /> and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust is on a unit in a
<br /> condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the declaration
<br /> or covenants creating or governing the condominium or planned snit development, the by-laws an regulations of the
<br /> condominium or planned unit development, and constituent documents. If a condominium or planned unit development
<br /> rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such rider
<br /> ? shall be incorporated info and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider
<br /> were a part '.tereof.
<br /> 7. Pmtectioe of Lender's Secarity. If Borrower fails to perform the covenants and agreements contained in this
<br /> Deed of Trust, or if any action or proceeding is commenced which materially affect., Lender's interest in the Property,
<br /> including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a
<br /> bankrupt or decedent, then Lender at Lender's option, upon notice to Borrower. mag make such appearances, disburse such
<br /> sums and take such action as is necessary to protect. Lender's interest, including. but not limited to, disbursement of
<br /> reasonable attorney's fees and entry upon the Property to make repairs. If Bender required mortgage insurance as a
<br /> condition of making the loan secured by this Deed of Trust. Borrower shall pay the premiums required to maintain such
<br /> insurance in effect until such time as the requirement for such insurance terminates in accordance with Borrower's and
<br /> Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br /> manner provided under paragraph 2 hereof.
<br /> Anyy P.mounts disbursed by Lender pursuant to this paragraph 7. with interest thereon, shall become additional
<br /> indebtednms of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to other terms of payment, such
<br /> amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br /> date of disbursement at the rate payable from time to lime on outstanding principal under the Note unless payment of interest
<br /> at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br /> permissible, under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br /> any action hereunder.
<br /> 1L 1volw"loma. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br /> that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br /> interest in the Prooerty.
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