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<br /> . . , � ::Y�.�.: 92-� i o 0 015 �--:�----�—:-
<br /> ` �� �,"�� •,'"� .`" UNIFORM C�4dFJ�ANYB.F3orrow�r�nd L�nd�r cov�nanl and�yna�s lollowr , -�
<br /> �.�! .1.. '�j : :. 1. Pa�l d ��MRlpd�nd Inl�l. 8orrow�r �hrll promptlY paY when due Ihe prMcipol ol eAd Infwesl on Ihe _�
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<br /> � inyFu�ri dv�nca�buridby�thi�DSWO1Trui1dl�t�charpe�asWovWodlnlh�Noto,andlheprinclpalolandlnl�nston �- „
<br /> Z. Fund�fOrTaYNand IMUrane�.Subf�clto appNabts law w to�written walvor by Lender,B orrower s ha l l pey t o l.�n d e r
<br /> , on the dey monthly InsMllmente o1 p►Inclpel�nd Int�nsl�ro p�ysble under Ihe Note,untll tho Note is peld in full,a sumlhsroln �-��,_=.--: _
<br /> "F u n d s")p u d t o o n�-t w�l f t h o f t h�y e a rl y ax�s�nd ass�tfmmts whlah may ettaln prlpriq ovw thi�O�d ot T�uat,And n,.� _�
<br /> � proundr�nlaonlheProp�Ay,U�ny,Plu�one-tw�lflholfraarlypremtuminstallm�ntsforhaz�rdlnaurance,plusona•two1Mho1 ,�,;�,�;.�,_._.
<br /> ye�rly pr�mium inslallm�nri for mortp�g•Intursnce,it any.�II�s reasonsbly admated IniGally and from time to tlme by � .
<br /> � , L�n d e r o n t h�b�s l�o f a f M a a r+�nts�ndbill�and rsason�bls ettlmates thereot. ��_;J.:.•_-—.--,
<br /> �. ;; Ths Fundseh�ll bs hNd In on Io�tituHon ths d�posib oraecoun t s o t w h ic h er e I n s u r e d o rg u e r a h t e e d.b y a F e d e r a l o r s a t e `
<br /> ag9noy(Includfnp L�ndK If lender is such�n in�Utution).Landar ahall ppplY me funds to pay eafd taxes.aasasemenb. ,�„�,,_,,
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<br /> ,. ' , insurancepremiumaendproundrents.Lendarmay notchsrpeforaohotd7n�andepplymgtheFund0.anetyzin�saidaccount �
<br /> .; � o�vsrftylnp end compilinp ssld aesessments�nd bllls unleas Lender pays Borrower interest on the Funds and�ppticable Iew
<br /> Oeed ��:�`"�F`:.__. _�_ _____..
<br /> parmiteLendertomakeeuchecher�e.Bor�owerand�.endern�yapteeinwritingetthedmeotQx�cuGonvfEhis otT�wt
<br /> [. thet intereat on the Funds ahell be pald to Borrower,end unleu such e�reement ia mede or�ICalbe iaw�q u��ea sucR �Y���-
<br /> ' t;. intereat to bepaid,Lender sholl not be required to pay Bo►rower eny interesl or earninps on the unQs 4.encber 3h �reb�
<br /> I BaRawer,without charpe,an ennual accoundnp o1 the Funds showin aredits and debits to tl+s Funds and the WucDose br � .a� �
<br /> i which each d�bll to theFunds was rtwdo.Th�Funds ere ptedqed aa e�dltional secu�iry for thesums secu»d by th�sDeedob �':1�
<br /> ' �� TruBt -�+�_..�.._:,� ��ti_
<br /> • If the amount ot the funds held by Lender,topether with the future mo�thl Ins�llments of Funds paya►��e�to the due �,.�,W r
<br /> dp�a�texe�,esaessmenls,inaurance premiums and ground renri,ahall exceed the amount r�wrc�!o pa�sar�ta�x�• �� `��:-
<br /> {: �`'`�,,�"� easessments,inaure�ce premiuma end ground rents as theY tall due,auch excess shall be.at Borraww�rs op�tion•e�the� I ',� _ �:��r--=".
<br /> ' � promptly repafd to Borrower or credited to 8orrower on monthly inatallments ot Funds.If the amour,rt oR e�o Funds he�d blr _ �,,iy
<br /> '� '��� ' '�• ���• LenderahellnotbeaufHcfenttopeytaxes,aesessments,insurencepremiumsand groundrenisaslherLlJl.�ue.Baero�ergt+al6 �
<br /> ' r: •-a� � '� ��� �ay to 4ender any amount neceasary to meke up the deticlency within 30 deys from the date na8ce is m�a�i�d by l.e�der tc � ;;,;;•��_
<br /> �'a�:��'.• . ' Barowar requesdnp PaYment thereol.
<br /> �.,.. ,. ;i:.�;;..,�, ����y �,;,nasn�dtx ;.. .Y:;.,{.,...
<br /> ,�,; , meMinfullotallsumasecuredbythisDeedofTrust,LenderahallpramptlyrefundfoBorror�era�� .,r� _.
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<br /> Lende�.lf under parag�aph 1 B hereof the Prope�ty is sald or the PropeAy isotherwiae acqulred by l.ender.��.���r sl�allBpp�X. ��• � `{ .
<br /> �� �. ' � �oleterlhanimmadfatelypriortolhesaleotthePropeRyoritsae uiaittonbyLe�der,endFundsheldbyL��atlhettG►aecr +''•�• "�
<br /> � application ea e credit apelnst the aume aecured by thie Deed ol�ruat. `�'� ,. • �-
<br /> 3. Applie�don W P��m�nb.Unlesa appliceble law provides ott�erwise,all paymenta receive d by Lender unde�tl�e�V�C'rp '�:?a'�
<br /> ; � :,';•:' � and paragrephe t and 2 hereo�shall be applled by Lender Nrst in payment of amounts payable to Lender by Borrower umde- .•b
<br /> , „ ra9 ra ph 21�ereot,tlwn to intere�t payabla on theNote,then tothe prfncipal ol the Note,endthen to i�terestand pnnc��a^. �, ____
<br /> Fj.;�;;;� � �� � eny Future Advances. '��,• • •; `j�:'
<br /> •, �;!�;K 1. Ch�r�;LJ�ns.Borrowerashallpayalltaxea,assessme�tsandothercharpes,linesandlmpositionsattributabletoria � , �,::
<br /> menb or round rente,if en in the manner �'�� �
<br /> ' �,.�,; � P r o p e r t y w h i c h m e y a ri a i n epn o r l o v e r i f u s Oeed ot Trusl,a�d leaaehold pey 9 Y•
<br /> o v W e d u n d er p a r a�re p h 2 h ere��or,It�ot paid I�euch ma�ner,by B orrowe�ma k in ppa y m e n t w h a n d u e,d i r e c U y t o I h e ��'�,,'_,• .!�'%�''•
<br /> �peyee thereal.Borrower ehall promptly lumish to Lender all noticea of amounts due under thia paregrap h,a n d i n t h e e v e n t ! �;•r;�.t—=
<br /> �� , Bonower shell mekeps yment aaectly,Borrower giwil Gronptly furn�sh 2a lsndsr reasipls�YidBnrfng RuCh (?aYments. !�-. :�„ ��''�:'.?�i:�'L�:_.
<br /> Borrower shall prompGy discharge any lien whlch has prlority over lhls Deed o1 Trusx p�ovided,thet 9orrower shell not be " '�c�l��;
<br /> � required to dlechar�e any auch Ilen so long as Borrower shaU agree In writin9 to the payment of the obligat�on secured by such � � �•`. �, •�__;
<br /> Ilen In a manner eccepteble to Lender,or shall In pood laith conlest suCh lien by,or defend enlorcement ol auch lien In,lepal �.
<br /> prxeedinga which operete to prevent the enforcement of the Ilen or fo�felture d the Properry or eny part Ihereo(. !�
<br /> � 5. Hwrd lasurane�.Borrower ahaA keap the improvements now existing or hereafter erected on the Property msured .
<br /> � aqeinst loss by fire,he=ards included wlthin the term"extended coverage".and auch other hazards as Lender may requlre
<br /> and in such amounta and far such perlods ea Lende�mey repuire;provided,that Lender shall not require Ihat Ihe Amount of �
<br /> i such coverape exceed thet amount of covera�e requirQd to pay the eums aecured by this Deed ol 7rust. ,
<br /> This Insurancecarrfar providing tha Inaurence shell be cho�en by Borrower aubject to epproval by Le�der;provided,that
<br /> euCh approvel shall not be unreanonebly wilhheld.All premiums on msurance pohcies ahall be peid in the manner prowEed
<br /> under paraqnph 2 hereof or,if not pafd in auch manner,by Barrower mak my paymen�when due.duectly to the inaurance
<br /> carHer. -
<br /> All ineurance policlea and renewals thereol shall be in lorm acceptab�e to Lender and shell include a slanderd moRgage
<br /> clause in lavor of and In form ecceptuble to Lender.Lenderehall have the rlght to hold the pollciea and renewals thereof,and , .
<br /> 8or�ower shall prompdy lurniah to Lender all renewel nodcea end all recelpts of paid prerniums.ln the event of loss.8orrower
<br /> ' ahell�ive prompt noticeto the inaurancecerrfer end Lender.Lender may make proot of loas ff not made p�omptly by Borrower. i
<br /> ► Unleae Lenderend Borrower otherwlse apree In w�iting,lnsurance proceeds ehall be applied to restoration or repalr olthe
<br /> Property dameped,provfded such re�toratfon o�►epalr Is economically feaslble and the securfty of t�ds Deed of Trust ia not ,
<br /> thoreby Impelted.If such reatoratfon or repair is not economicelly feasible or if the aecurily of thls�eed of Trust would be �
<br /> impai�ed,the Inaurance proceeda ehall be applled to the sume secured by this Deed of Trust,wllh the excess.ff any,pald to ,
<br /> � Borrower.If the ProperN IB abandOned by Borrower,or if Borrower leils to respond to Lender wlthin 30 days from the date i �
<br /> nolice is malled by Lentler to Bor�ower that the Insurance carrfer oHers to aeltle a claim for fnsurance benehts,Lender�s
<br /> authorized to collect and apply the Ineurence proceeds at Lender's option either to restoration or repair of the Property or to i
<br /> the sums secured by thls Deed of Trust �
<br /> � Unleaslendera�dBorrowerotherwlseagreelnwritfng,anysuchapplfcetfonofproceedstoprfncipalshallnotexlendur ;
<br /> postpone the due dete of the monthly insfellmenta relerred to ln paragrapha t and 2 hereof or change the amount of auch i
<br /> ; Inatellments,If under peregraph 18 he►eof the PropeRy Is acqwred by Lender,All nght,title end i�teresf of Borrower In and to i
<br /> � any Inaurence poNCfea and In end to 1he proceedsthereot resulling from demepo to the Property prfo�to the eale or acquis�tio� .
<br /> ehall pass to Lender to the extent d the sums secured by this Deed of Truat immedfately prior to such sale or acqufsition. ��
<br /> 8. Pns�nattonsndMalnt�nsnc�olProperry:L�auhold�;Cwidanlnfums;Pl�nn�dUnllD�vNopm�nb.Borrowerehell '
<br /> �! keep the Property In good repalr and ahall not commit waate or permit Impairment of deteriaation ot Ihe Property end shall
<br /> comply wlth tho provfslons of any leaae If thls Deed af Trusl Is on a leasenold.If th�s Deed of Trust is on a unit in a condominwm
<br /> or a planned unll development,Be�rower shall perform ell af Borrower's obllpationa under the declaralion or covenents
<br /> ' creating o�governing the condominlum or planned unil development,the by-lews and regulations of the condomfnium or
<br /> planned unit development,and eonalituent documenMa.11 a condamfre�um or planned un�t development nder is excufed by :
<br /> Borrower and reCO►ded together wlth this Deed of Trust,the covenente and agreementa o1 such nder shell be fncorporeted
<br /> i Into end shall amend and supplement Ihe covenants and agreements ot tr�e Deed ot Trust as if the rlder were a peA hereof
<br /> ! 7, Protrcpon ol L�nd�r'�S�eu�ltp.lt Borrower lails to perlorm the coU�rarts und agreements contomed in this Deed of ,
<br /> Trust,or If eny actlon or proceeding is commenced w�th matenally aMects Lender s interest in the Properry,�ncludmg but not
<br /> Ilmlted to,eminentdomein,lnsolvency,code enforcement,or arrangement6 or proceedings involving a bankrupt or decedent,
<br /> then Lender at lender's optlon,upon notice to Borrower,may make such appearances,dfsburse such sums and lake such
<br /> aClfoneafsnecessarytoprotectLenderafnterest,including,bulnotllmitedto,dis6ursementafreasonebleattomey'sleesand
<br /> entnl upon the Property to make repalrs.If Lender requfred mortgage insuranceas a condltlon of inekfng the Ioan secured by
<br /> the deed of Truet,Borrower shell pey the premlums reqwred 10 mainta�n e�cn �nsurance in eHect unt�l such time as the
<br /> requirementtorsuchinsuranceterminatesinaccordancewithBorrower'sandlender'swriltenagreementorap{�Ifcalbelaw.
<br /> 8orrower ahall ey the amounl of ell rnortgage msurence permiums in the manner provlded under paragraph 2 hereot
<br /> • _.._Q .,,..ti....�w �.,, i o,,.�a. m�ra��ant to thia naraoreoh 7. with i��terest thereon, shatl become addiUonat
<br /> rti�y u�iwv�..a vw.........� -� -
<br /> Indebtednesaol Borrowersecured by Ihis Deed of Trust.Unless 8orrower end Lender agreeto o[ner terms or payment,suci,
<br /> amounte shall be payeble upon nolice Irom lender l0 9orrower requestmg peyment hereof,and shnu bear�nterest Irom the
<br /> date ol dlabursemenlat the rate payable trom time to t�me on outstanding pnnapel under the Ndte unless payment o�interest
<br /> et such rate would be contrary to applfcable law,in whfch event such amounts shall bear mteresst at the highest rote
<br /> � � � permisslbleunderapplicablelew.Nothingcontainedinthisparagreph7shallrequireL���dertoincuranyexpenseortakeany
<br /> actfon hereunder.
<br /> 8, Insp�eUoa.Lender may make or cause to be mede reasonable entnes upon a�d Inspections ol the Property.prov�ded
<br /> that Lend�r Shallgrve Borrower noUCe prior to any such inspect�on spec�y�ng reasonable cause Iherelore re�ated to Lender's
<br /> fMe�est ln the Property. -
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