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<br /> �, � ° � 92--� 10019'7 ����=_ -_
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<br /> � UNIFORM COVENANT3.Bonow�r and�ender covenant and agras a�lollows:
<br /> �• ' r „ �, p�ym�nt d p�incipd�A InN�MI. Borrower ahall promptly pay when due the prfncipel ol and IMerest on Ihe ""'
<br /> i�d�ptsdne�widencedbythsNot�,p���ep�ymentandlatechar�esasprovidedlnthoNoU,andtheprincipelolandlntara�ton ���'-...:_.'~���'"''
<br /> any Futun Adv�nces wcurad by th�DN0 01 T►uet. , H�t�=°----�.�
<br /> p � � �, Fund�lorT�cMandinsur��•3ublscttasppliceblelswortoewrittenwelverbyLender,8orrowershellpaytolsnder �-•..r "�
<br /> � . a�the day montbryr InmUments ot pdnclp�l�nd Utareatere payable underths NoM,untH the Note ie pafd in lull.a eum(hsroin �"" °�,�iA°�
<br /> "fund�"104��to ona-twalHh of the yeo►ly taxea and esseaaments whioh may attaln prloriry over thla Deed of Trust,end �
<br /> -.��,<. :.
<br /> ' �round anqon ths Prop�ryr.11 any,plusone-twelflh of yeerly premfum fmfellments for huzard Insurance,plus one-twelfth o1 . x �
<br /> ye�rly premlum i�ataQm�nb lor mortpape ineuranoe,tl any,ell es�easonably sstimated initially and Irom time to dme by •��`�;�'��
<br /> ,. .tc� .�,�
<br /> L�►der on the(�uls ot�ssatm�nb andbllb And reasoneble aapmetes thereol. : -_�.;,.�:���:�:
<br /> ThsFund�N�N�b�hNdln�nlnsNtutionthedapoaitaoreccountsolwhichareinauredorgueranteed,byaFederaloratete ;"r..:•„�y�-�•��
<br /> aqsncy(inaludinp L�nder N Lendsr is wch en institudon).Lender shell apply the funda fo pey eaid taxe�, aelsssments, � •� �����>k��
<br /> inaurencspremfums�nd�roundrenM.LendermaynotcherpetorsoholdingandepplyingtheFunde.anelyzingsaldeccount • •,�...,•
<br /> orverilyinp�nd complWnp fsid asaeasmenfs and bllle,unless Lender paya 8orrower interest on Ihe Funds end appllaabte lew
<br /> its lendsr tamake auch�cha��e.Borrowe►and I.endermey aqree in wriHng at the time ot execuHon of Ihis Deed ol Trust � •�� •
<br /> et intereat on Me Funds ahel�be paid to Borrawer,and unleas such egreement is made o►appIlcalbe law requires such � • '
<br /> , intetest to bepe Id,�ender shell not be requlred to pay 9onower any interest or earninga on the Funds.Lender shell glve to �
<br /> Bonower.without cherpe,an ennuel atcounting qf the Funds showing credits and debita to the Funda and the purpose lor k
<br /> whfch eech Asbitto thaFunds was made.T�e Funds are pledped as additional�ecurly lor me iuma secured by thia Deed of r
<br /> � T►„s�. , �.. ,
<br /> If ihe amount ot the tunda hekl by Lende►,topether with the luture monthly installments of Funds peyable priar to the due !
<br /> d��eg a1 taxes,a�sesamsnla,insuranae premiuma end ground rants,ahell exceed the amount required to pay aafd mxea, t . ;�-��' �
<br /> asaeasmenta,insurance p►emiums andpround rents ea they tell due,euch excess ehell be,al8orrower's optlon,either � •
<br /> ' prompdy rspaid to 8onower or credited(0 8orrpwer on mon�hly instellmenfa ol Funda.li the emount of the Funds held by • �.• �� -•
<br /> Lenderahallnotbeaumclenttopeyfaxes,asseasments.inaurancepremiumsandgroundreMsastheyfalldue.Borrowershall � •�:�� �
<br /> pay to Lender eny emount necessery to meke up the de8clency within 30 daya from the date notice is mafled by Lender to i
<br /> � Borrower requeadnp peyment thereof. � � ••
<br /> �pon payment in full of all sums secured by fhis Oeed of Trust Lender shall promptly relund to Borrower any Funds held by l
<br /> Lender.lf under parapraph 18 hereolthe Propertv is sold or the PropeA�r isotherwise acquired by Lender.l.ender shell apply, C • 'i
<br /> no leterthen Immedietely p►for to the saleof the Property ar its ac uisit�on by Lender,and Funda held by�ender atthetime o1 l�.���'-
<br /> epplicatfon aa a credlt apefnet the sums secured by this Oeed ol��ust � s,�:•._
<br /> ,., •_.,;ts°
<br /> 3, ��p1 p��n�b.Unless applicable law provides otherwvise,all paymenta received by Lender under the Note ; ���-
<br /> and peregrepha 1 and 2 heteot ehall be epplled by Lender flrat in payment of amounts peyeble to Lender by Borrower unde� E_ '.-;�,��'�:
<br /> perapraph 2 hereof,thsn to Interest payeble on the Note,then to the principal ol the Note,end then to interestend principal on �.: :
<br /> any Future Advancea. ; • ���'�
<br /> � �, �h�rp�a;Wm.pOrrowers shall pay eU fexea,esaessmentsand other charges,lines end Impositiona aKributable to the t`�
<br /> � propeAy which may attaln e p�iorlty over thia Deed of TruaR and leasehold paymenta or graund rents,if eny, in the manner ; :'';�`
<br /> .�,.
<br /> I ,� , p r o v i d e d u n d o r p a r a p r a p h 2 h er e of or,If not p aid in such manner,b y Borrower mekin g payment,when due.directly to the .
<br /> payee thereof.Borrower ahell promptly lurnlah to lender all nodces of amounte due u n der this peragraph,and in t he even t � ' �•�',���,'
<br /> gorrar�cr sha!!mnkepe yment di�ecUy.Borrower ahall promptly fumish to Lender receipte evidenci�g a�ch payments. i _ .�;_ _
<br /> Bonower shall prompdy disCher�e any Ilen which hes p�iority over ihis Deed of Truat;prov�ded,mat tlorrower ahaii noi be , `;r�
<br /> requfredtodischargeany euchNensolonpasBorrowerahallagreeinwritingtothepeymentoftheobligetionaecuredbysuch ;�,
<br /> i lien in a menner accepmbte to I.ender,or ahall In good faith contest auch I►en by,or delend enforcement o1 auch lie�in,leyal , . _
<br /> prot:eedfnge which operate to prevent the enforceme�t at the Uen or torfeiture of the Prope►ty or any pa�t Ihereol.
<br /> 5. H�sMd Inwranc�.Borcower ehell keep the improvements now existing or hereaRer erected on the Properly inaured � •�
<br /> ageinat losa by Hre,hazerde included wNhin the term"extended covereye",and 8uch other hezards as Lender may requi�e
<br /> and in such amounts and for such pariode aa Lender mey requlre;provided,that lender shell not requi�e thet the amount of :
<br /> such coverage exceed thet amount of eoverage requi�ed to pay the eums secured by thla Qeed of Tru9t. � ,
<br /> This fneurance carrier providing the Insurance ahell be chosen by Borrower aub�ect to epproval by Lender;provfded,that •
<br /> such app�ovel shell not be unreasc►nably withheld.All premluma on insurance policlea shell be peid in the manner provfded
<br /> uader perayraph 2 hereof or,i1 not paid In such manner,by Borrower makfng payment,when due,directly to the��surance ,
<br /> carrfer.
<br /> All Insurance polloies and renewals lhereof shall be in form acceptable to Lender and ohall include a standard moAgege
<br /> clause In tavor of and In lorm acceptableto Lender.Lender shell have the nght to hold the policlea end renewals the�eoCand
<br /> BorrowerahellpromptlyfurnfshtoLenderallrenewelnoticesandallreceipfsolpaldpremfuma.lntheeventoilosa.8orrower
<br /> � shell glve prompt notice to the insurencece�rier and Lender.Lender mey make proof of losa 11 not madepromptly by Barower.
<br /> Unless Lender and Borrower otherwlae agree In writfng,insurance proceeds shall be applied to restoration or repefr ol the
<br /> Property demeged,provfded such reatoretion or repair�s economicafly feasible and the security of this Deed of Trust f8 not
<br /> the�eby Impaired.If auch reatoratlon or repair Is not economically feasible or if the securlty of fhls Deed ol Trust would be
<br /> Impafred.t►ie inaurance proceeds ahell be applfed to the aum9 aecured by this Deed of Trust,wfth the excess,it any,paid to
<br /> Borrower.II the Property Is ebandoned by Borrower,or 11 Borrower leils to respond to Lender wlthln 30 deys trom the date
<br /> �otfce Is melled by Lender to Borrower thet the inaure�ce carrler otters to settle e c1alm lor Insurance beneNta,Lender is
<br /> authorfzed to collect end apply the fnsurence proceeds at Lender's option edher to restoratlon ar repalr o}Ihe PropeAy or to
<br /> the sums aecured by thla Deed ot Trus�
<br /> Unless Lender and Borrower olherwlse agree in wrfffng,any such applicatfon o1 proceedsto principal shall not extend or �
<br /> , 1 po sfpone the due dete of the monlhly inatallments referred to In paregraphs 1 and 2 hereoi or change the amount ol such
<br /> inatallments.If under paragreph 1 B hereof the PropeAy 1s ecqufred by Lender,all ri ght,titte and interesi of 8orrower In and to
<br /> any insurance po l lc lea en d In e n d t o t h e p r o c e e d s t h e r e o 1 r e s u N i n g I r o m d a m a g e t o t h e P r o p e rt y p r l o r t o t h e s al e o r a c q ul sitf on
<br /> shell pass to L.ender to the extent of the aums secured by this Deed ot Truat immediately prior to such sale or aCqu islaon.
<br /> 6. Pr�Mnrafbn md M��nt�n�nc�dProp�Hy;L��a�hold�;Condominlums;Pl�nn�d UnN D�rNopment�.Borrower shall
<br /> keep the Propery in good repeir and shell nat commit waste o►permlt Impafrment of deferforatfon of the Prope►ty end shall
<br /> comply wlth the provlsfons ot any lease I11his Deed of Trust is on a leasehofd.11 this Deed of Truat ison e unit In a condommium
<br /> • or a planned unit development, 8or�ower ahall perform all ot Borrower's obllgations under the declaratio�or covenants
<br /> creatfng or governing the condominium or pler►ned unit development,the by-laws and regulations of the condominium or
<br /> � planned unit development,and constftuent documents.If a condommfum or planned unit development nder is excuted by
<br /> � � Borrower and recorded togelher wtth thls Deed of Trust,the covenenta and agreements of such nder shall be incorporated
<br /> Into and shell amend and supple�ent ihe covenants and agreements ol this Oeed of Trust as ff lhe nde►were a pah hereot.
<br /> 7, prpNctlon of L�nd�r's S�cudty.II Borrower feils to perform the covenents and agreements contamed in this Oeed of
<br /> Tiust,or ff any ectfon or proeeeding Is commenced with materie�ly aHects Lender's mterest in the Pro�e�ty,mcludmg but not
<br /> Ilmited to,eminent domem.Inaolvency.code enforcement.or Arrangements or proceedmgs involving e bankruptor decedent,
<br /> then Lender at Le�der'a option,upon notice to Borrower,may make such appearances,d�sburse such sums and take such
<br /> action as ia necessary to protect Lender's inleresL mcluding,but not lim�ted to,d�sbursement of reasonable atlorney's fees end
<br /> entry upon the Property to make repeirs.It Lender requ�red mortgege�nsurance as a condition ot making the 1 oan secured by
<br /> the Deed ot Trust,BOrrOwer shell pey the premlums reqwred lo ma�nta�n such insurance in eHect untd suah time as the
<br /> requirementforsuchinsurenceterminatesfnaccordancewithBonower'sandLender'swrittenagreementorapplicalbelaw
<br /> Borrowe�ahall pay the amount of all mortgage msuranca permwms�n the manner provided under paragraph 2 hereof.
<br /> Any amounts dlsbursed by Lender p�urauenTto �h�s ara raph 7, w�l�h�mterest^the�eon.�shell be¢ome add�Uona�l
<br /> P �..
<br /> � 111deb1@tlnessoiesorrowerneriwen;`v'ruuauoouv��.vo.....�..,.�......77.^.S'J.^,'.^..^•...."...........y.....:.....................'...�:..,.....�_....
<br /> amounts ehell be payable upon notice Irom Lender to Borrower requasl�ng payment hereof,and shall bear interest Irom the
<br /> date of diabursemeni at the rate payablelrom t�me to time on outstand�ng pr mapal under the Note unless pay ment of�nterest
<br /> at such rate would be contrary to appllcable law, in whiCh event suCh amounts shall beAr mterest at the highest rate
<br /> permfasible under applicable law Nothinp conta�ned�n this paragraph 7 shall requ�re lender to inCUr eny expense or take eny
<br /> � action hereundor.
<br /> e. Insp�cdon.Lender may make or ceuse to be made reasonabie entnes upon and�nspect�ons ot Ihe Property.provided
<br /> , th9t lender 811811 grve BorrOwer nol�ce pnu�lu any such�nspect�on;pec,dy�ng reasonable cause therelore re�aled to!?ndPr'�
<br /> � fnterest in Ihe Property.
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