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<br />UNIFORM COVENANTS. BorrOWer and Lender covenant and agree as follows:
<br />I. Payment of Prineipai and Intet'esE, Borrower shall promptly- pay when due the principal of and interest on the
<br />indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest
<br />on any Future Advances secured by this Deed of Trust.
<br />2. Fonds for Taxes and Insurance. Subject to applicable law nr to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly installments of principal and interest are payable under the Note, until the Nore is paid in tot:.
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this
<br />Deed of Trust, and ground rents on the Property, if any, plus one-twelfth of yearly premium installments for fiazard insurance;
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially-and from
<br />time to time by Lender on Ehc basis of assessments and hilts and reasonable estimates thereof.
<br />The Funds shall he herd in an institution the deposits or accounts of which are insured or guaranteed by a-Federal or
<br />state agency (including Lender if Lender is such an institutions. I-ender shall apply the Fonds to pny said taxes, assessments.
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account
<br />or verifying and compiling said assessments and bias, unless Lender pays Borrower interest on [he Fonds and applicable law
<br />permits tender to make such a charge. Borrower and i_Cnder 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. and unless such agreement is made or applicable law
<br />requires such interest to he paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give in Borrower, without charge, an annual accounting of the Funds showing credits and debits 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, shall exceed the amount required to pay said taxes:
<br />assessments, insurance premiums and ground rents. as they fail due, such excess shalt be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. ]f the amount of the Funds
<br />held by Lender shalt not be sufficient to pay taxes. assessments, insurance premiums and ground teats 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 Lander to Borrower requesting payment thereof.
<br />Upon payment in fuB of ail sums secured by this Deeei of Trust, Lender shall prompdy refund to Borrower any Fonds
<br />held by I_endec If tinder paragraph IS hereof the Propery !s sold or the Property is otherwise acquired by Lender. Lender
<br />shall apps}~, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds heW by
<br />Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. Application of Payments. Untcss applicable law provides otherwise. alt payments received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shalt he applied by Lender first in payment aE amounts payable to bender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Nate, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. Charges; Liens. Borrower shall pay alt [axCS, assessments and other charges. fines and impositions attributable m
<br />the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, 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 />[o the payee thereof. Borrower shat! promptip furnish to Linder ;dl nouces of amounts due under this paragraph, and in the
<br />event Borrower shall make payment directly, Borrower shall promptty furnish to Lender receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has pnorit}• m•er th!s Ueed of Trust: pre v!ded. that Borrower shall not hC
<br />required to discharge an}• such lien sn long as Borrower shah agree in writing m the payment of the ohhgauun secured by
<br />such lien in a manner acceptable to Lender, or shall in good faith contest such lien by. or defend en[orcement of such lien m.
<br />legal proceedings which operate to prevent the enforcement of the lien or forfeidrre of the Property or avy hart thereof.
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected nn the Property insured
<br />against loss by fire, hazards included within the term "extended coverage", and ,uch other hatted, as Lender may reymrc
<br />and i^ suet: amoums and for such -peHOds as Lender may require; prnvrded, that Lender shaE! rtot regales .hat the amount td
<br />such coverage exceed that amount of coverage required to par the sums secured by !his Deed of 77ust-
<br />The insurance carrier providing the insurance shag he chosen t+y Borrower sub!cct to approv;d be i ender pruc!deJ.
<br />that such approval shall not tx unreasoaat+iy withheld. .All premiums on utsurtnce polices shall he paid m the manner
<br />provided under paragraph 2 hereof or, if rot paid in such manner, by Borrower oinking payment, when due, directly w the
<br />insurance carrier.
<br />Ail :nsurancc puhctes` and rce,ewa;s [r:ctz,:f si:aif b•r::n tarns a;:ccp[ahie ;: Winder and shall :: 'lade :, xtaudarJ mortgage
<br />clause ut favor of and in ;or rn .i 'spt.r~ ;c .n Lcrder. ndGr wli save the ii?tht w hutJ !-._e + and reue+ , s [heron[.
<br />and Borrower shall promptly furnish to Lender all renewal nouces and all rccesp[s of n;uJ prcnn!ums. .n [he event of loss.
<br />Borrows: su~u aivc nmp. a~[s_[ .z- ~..t .su:ancc .anise unJ Lcndcr i cndet nay maac p:+a~f v[ =, rs ii . ;u made promptty
<br />by He.=rower.
<br />Untcss i.ender and Harrawcr otbcrw-!sc agree in ,.Hung, !nsur.!nce proceeds ,hail he appled to rcuoratmn or repair ni
<br />the Property damaged, provided such restoration or repa« is ccononucally Ic,!srf?Ir .utd rho ~ccunty of !hn DCeJ of 'Trust !~.
<br />not thereby impxrred, tf wch restaranan or repa!r is not scum+nuralty teaeible ar it the sr. only i,l tht, Deed r,I i tux would
<br />be impaired, [he uuurmcC proceeds obeli be eppiseJ to !hc sum, scorned by tins Ueeai .,! I rust, .nth the cxce,,, if uuv, paid
<br />to Borrower. If the Property n ubandoneJ by bon uwar. ,+r it lint n,w er f,ui, n? rrs pond a+ I cnJer +enlun 3l1 Jav, Irom rho
<br />date notice i5 mailed ht Lender to Bat roger !hat :he usurancC earner ndC r, t+ xttte .+ :hum tnr ~r ,uraner benefit., Lender
<br />is authorized to collect and apply the ivsurancC err,.eedr at Lender', opoun tither !o re+:oru.no .u repau al the Propene
<br />or to the sums secure) by ih!s UCed of "Trust.
<br />Unless Lender ;uIJ Borrower othe:~wrse agter n! ;vru!ng, _ ny ,uii eppu~auon .,t pr«rsJs t.? pr!ucil,:!I ,hall not exteuJ
<br />or prntpone the due date of the r<x ntF,i ;' ntstui;nkrn, ret~rrect !o ..; purdgiaphe I auJ ~ hereof nr change the amouw of
<br />such iaslaUments. If unJar paragraph ! F hcreot [hc Prepertq a .;cyusrcd by l;a!Jet, all sreht.:niv anJ uuen•,[ s+! Bomnvrr
<br />in and to au}'nsut7i nCe pohc!es :utd vi and [o the pole tds [hers°,rf r-r.uirm_c !;om damu~: to the Pnpern- pn„r ro the sale
<br />or aequiau!on sou!! pass «! Le!+der s .the :'...e!n n, the •u!ss sen!!cJ +'• !h~- T?_c:! , . I n!-! ,nuneJ!atc!e p :. r .- ,uch -dC , .
<br />acquisition.
<br />fr. IRe~Cn~aBar and 4laiotrnauce tit F'ru~rq~: l.catiehulda; t~undomiuiunro; Piannrd l.atit Ucerlu{rntenu. Bw:o,+a
<br />, , ~
<br />,I'?all keep !hr Pn!ocny :n c of !coda anJ ,ha i n„t , ,?nut - n,ic Im~nud tin!,,; ,cis ,. ,ii:.,n .-I :hc I'rupr!n
<br />sod shall romps}°?. ith dte prrzv u:um nG ens ha,e !f th!., IA~cd ,•1 I rum! ., .,n ., Iz ,cholJ H ihn f}ttiJ ,mot 1 ru.! ~, non :n .:
<br />nopdnmioiuus ur ;t planned unu 3t'eto~nrnt- Borraurr sh;di {'sole rn <ii .:! ,~=r row rt- - .,6ga+r,r, - : ihe~iiJe+i: •ab; u
<br />or coveuanrs ereaUng of govern mg lbw; Condommuun or planned unn Jee ea)pment, Cite n}~tae-s as!.t ~ieg?uauon, ,*t the
<br />condominium i,+r ptauned untt Jevefopment, send constauem da: unit. o!, It a condommieun .n planned prat Je<cinpmen!
<br />rider is executed by Ba-rrowcr ate! ret:otded together we!h thin UCCd ur I our, the ,ovm+ants sad .g!ee,s:eat- n1 sus~h =i.ici
<br />shall ha mCOt pofataxl nnu ;end shat! .upend and aupplen!cnt the .utrcnaoh anJ ogtrunenrs of !ins 7c.d ,n ! -u,! „ ~! the• ndew
<br />were : ;.art hereof.
<br />Praiecturu uC tinder's ~Ceuriis. If Harrower I;i,15 ! , natl.,,-n! the ~ slit: . , ce,!-. ,.=nia,nG-J : ,
<br />Us^dgot ~frwt, o an} a,.tean „r IvocecJutg .:nmmnvcJ which eater ~s ,s _.-, i r,+.< t ... t'n,lx..,.
<br />?nciudine, Frq[ not iunited to, enanent tLomam, uuolvenc}, code sun+r rmant r -rrauir a-v°!?a .-, ! +,.
<br />oanktapi <<dciccent, then Lc'n..iCr at I..ender'a option. upon nonce m Horrrowv nay ntakr -.. „ply, !.. .-
<br />sums ;Ind 2a~B '.UCti atY fe)R .i8 i5 ncC@65a[y to protect LCOJCf3 uttL't'L'1[, inCindi!1~+, but m,l ~z, m;leJ ;., .'ri;hu!ari nc';it ,~i
<br />ressunnble ;u taH~ey's ices and entry upvn the Property w nv:!F.c repairs ft I ender !ayun eJ ~ ~,+: !gsgc .: s.u sn.c .:
<br />ctmdix?,r, ref r*~ksng tI>e 1CLrr ~s-u€eaf by this I~ea4 oI Trust. Bo.'rerwer >h;u! ~!} the pre, ,,.!,. _ -, ~a t.i,? -n. t
<br />us5t!rai`~'t .n :±tu:[ t,ru! -ugh txinc ;xa tltc H;qu,rcment Aa ,;.~h st,ra?.s !eruunate> - .. ...... ..... .. ... tt,.t. ,. -,• -,_:
<br />t,ende+'s w'ri ttrn ngreemem or appiirahle !uw_ Borrower sh;Jl pay the cmwum .,! all ,nu!!t;ekc _ ., ~~.im, c ~uwn~, ~ i,
<br />manner ptovidCU i!ndnr paragraph 2 hereof.
<br />Any amounts disbursed by Larder pursuant to !h!s pn r.!gnpp 7. ..ith inlet u,t the=~„n. .hale ~ ,dda,,,i~.,:
<br />indebtedness of Borrower seu;red h} this I')ccd of hrusL Untcss Hnrrcwcr .utJ i ei:Je:.ig: ec !.~ ,~inr! ;., . ,d I=~n nm!n. -
<br />dmuun6 tltdtt he pa}able upoat nonce ir.nn Lcndcr w Hun owcr requestng pu)!nau !tm!c„i. end ahnG heal ,aloe e,t In„o the
<br />date of disbursement tit the rate pa}ab.C trorn time to umc nn .+utstaudmg pnnupal cinder the ~+e!e urvrs•>. yay a?ent ni !ntn o,t
<br />at such rate : auk: In: cexttt dry to appircabkc lure, to which evert +tfi anaoun!s ,hall ,utrrc si ~. the highs+! ~'atc
<br />perntissibte under ajtpiicabie ?acv. 'rwhing trsntarned in !hts paragraph ' ,hail rc•yuirc 1 i°nJer m ni.w an. rc~uac .~r utkc
<br />any a.'tirn hereunder.
<br />R. ittspeytiten. Leader nta} make ., cauu.• to he madt+ rc.uonabte emnc, uu:in :~ ne.;,c.!„ui, ,~! !ha Pr„!ails. v. r~. ,,!.,i
<br />that issodce shut! gwc Bornewer nuirt.'e prier ro :uey -ash i^s;a'....,i. ,tgcfyutr ~~a....t,.. .. ....,.,. !hc:. n„ ....,,. !. u.,... .
<br />intcrea! iu IhC Pn+tutrty
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