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<br /> UNiFORM COVENANT3.Borrower end Lender covenant and aproa es tollows: ,!��--
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<br /> • �. P�y�s a p��pu and �nhrNb 8orrower shall promptly pay when due Ihe princlpal of end mterest on the �_�.___._�_,-�==�=-'�
<br /> � indebtedneasevldencedbytheNote,pre�s mentendletecherpeae�providedlntheNow.andthepnnclpelolandlntarallon - _.�_��_y��!
<br /> any Future Advances tecured by the�oi T�us1. !l°°--_ — —
<br /> � ` � �. FundNaTax�s�ndlnsunnc�.Subleo�loaPPflaablelawortoawrittenwalverbylender,8orrowerehallpaytolender �',,,,;.;�+�;�—rr
<br /> ;• on the day monMly instellmenteof p�Incipal end intersatare payeble underthe Note,untll the Note ia pefd in full,a eum(harein ^.T^�: „_
<br /> � "Funda")equel to ona-twelfth of the yeerly taxea end essessments whioh mey attai�priority ovor ihis Deed of Trust,end ,;^«� ��, II
<br /> � qroundronbontheP�opertf►.il�ny.plusone•twel(thol yeartypremiuminatellmentslorhezardineurance.plueone-twelflhol "'F•.�t;,.,�,�_�
<br />_ , ye a r l y p r e m l u m I n s l a ll m enta for m o r t�ape inaurance,i i any,all aa reaaonebly estlmated inirielly and hom tlme to Nme by �. ,,.,�.��l„w.,'� �
<br />., Lender o�the basis ot aaeeasmo�ta andbilla and reasonable esdme tea t hereo i. ., -'..�':�"."'�"-
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<br /> TheFundsshdlbeheldi�aninalltuUonthedepoaitaoraccountaotwhicharelnauredorguerenteed,byaFederalorstete � ;,.,�,,,�,�.�_�.
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<br /> aqency(inaludkp Lender it Lender Is tuch an IneUtutfon).Lender shell apply the funcls to pay seid texes,asaesamenta, �4 .�,,`ty�'+;
<br /> insu�ance premluma and yround renta.Lender may not chargetor aoholdi�g and applying the Funds,anelyzing sald account
<br /> or ve�ityinpendcompiliny eaid o�seesmants end bllla unlesa Lender paya Borrower interest on lhe Funds end a pp Ilaeble law ��`-�' . :��._. . ._
<br /> pertnita Lendarto make sueh echarpe.Borrower and�.ender mey agieein wrNing atthetime ol execution of this Oeed of Trust ::.::•:! '�;i''>;;;;::; •""
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<br /> � � t h e t i o t e r e s t on the Funde ehall be peid to Borrower,and unlaas auch agreement Is made o►ap plicalbe law requirea auch �, ;•�r�:,.. �.
<br /> intereallo bep�Id,Lender ehall not be requlred to pay Bor�ower any in teres t or e a r n i�g a o n t h e F u n d a.l e n d er ehal�ive to � ��� ,��l,�
<br /> Borrower,witt�out charge,an annuel accouMing ot the Funds showing aredNs and debNa to the Funda and the pur se for �,-;�;,::,,,:;y �,��:,��'�,�t; :
<br /> whlcheachdeblttotheFundswasmede.TheFundaerepledqedasaddilionalsecuritytorlhesumssecu�edbylhis0�ed01 ,� :,.:,;���,.�,.,�,a�r; •
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<br /> ' �f the amount of fhe funds held by Lender,together with the luture monthly installments of Fundd payable prior to the due � ��� .;�#, ;.,,:,;
<br /> detes of texes.asses�manta.Ineuranae premiums and ground rents,ehall exceed the amount required to pay said taxea, ..'S; �, .,
<br /> j • asseeaments.Ineurenae premluma end ground rents aa they lall due,auch excess shall be,at Borrower's optio�,efther -;,: �„••,,:�:;
<br /> ' promptly repaid to Borrower a creditad to Borrower on monlhly inatellmente o1 Funda.If the amount of the Funds held by , ; ..:::;;.• : _ ___ �
<br /> Lendershallnotbeaulifcienttopaytexes,asaessmente.insurancepremiumsand groundrenlsaetheyfalldue.8orrowerohall ,`••,..�::, ' �t.=-,,;.(,. .
<br /> pay to Lender any emount neceasery to make up the deficiency wfth�n 30 days from the dete notice is mailed by Lender to . ,;,.;,,:,
<br /> � Borrower requeatin0 peYme�t lhereof. k � , ':;�.,� '"
<br /> UponpaymentinfullotellaumssecuredbythisDeedofTrustLenderahallpromptlyrefundtoBorroweranyFundsheldby F � , t_,,,�;� _
<br /> ,,� Lender,Ifunderpareyraph/8hereolthePrope�ty IsaoldortheP►ope►tylsolhervvlaeacqulredbyLendar,lendershallapply. � i i<<�,r�.:;•,.
<br /> no leter then immedfately priorto the sale of fhe PropeAy or ita acquisit(on by Lender,and Funda held by 4ender el thetime of i . , i,�
<br /> applioetion es e credit ayalnat the euma secu►ed by lhia Deed of Truat �
<br /> 3. AppNaatlon o1 P��n�n b.UMesa eppllcable lewp►ovides otherwlse,all payments reaeived by l.ender under ihe Note �
<br /> end peragrephs 1 end 2-hareol ahell be applled by Lende�11ra1 In paymeM of amounts payabte to lender by Barrowe►under =_
<br /> paragreph 2 hereol,then to fntwest payable o�the Note,then to the princtpal of Ihe Note,and then to Interest and principal on ! _
<br /> a�y Future Advancea. ,�
<br /> ,, Gharpq;Wn�.Borrowers ahall pay all texea,esesssmenta end other charges,tinea and imposltione aflributable lo the �r' ��
<br /> � Property whioh may ettaln a prlo►ity ovar thia Deed ol Truat,and leeaehold paymenta or ground renta,ii any,In 1he manner �< „�•�
<br /> provided under perapreph 2 Mreoi or,il not peid in auch manner,by Borrower making payment,when due,dkecfly to the �- y.,
<br /> •,yee thersof.Borrower ahall promptly lurnlah 10 Lendar ell notices ot amounts due under thia paragraph,and In the event k�;.�.' �,�-,:, �}�b;
<br /> (�. Lfi.S:_
<br /> Borro�•ver ehaU maKe paymeni dincHy.B�xrower ahalt pramptly turnish!o lender re�9�p1�evidencing such payments. � ,'�. '
<br /> � Borrower ahall promptly dlschorye any Ilen which hes priorily over thia Qeed of Trusk provided,thal8orrower shell not be ` ;�;<<��Xs�;�;
<br /> r e q�dred todischargeanyeuch Ilen so long es Borrowershall ag�ee in writinp to the peyment of the obllgation secured by such F , ^,
<br /> { Ifen in a manner accepte b le to L en der,o r s h a l l I n g o o d l e i t h c o n t e a t s u c h U en b y,or detend enfacement of such Nen In,lepal i
<br /> proceedinga which operate to prevent the enforcement of the Ifen or fo�leiture ot the Property or any part Ihereot. �,
<br /> � 5. Hu�rd Insuranc�.8onower ahell keep t he fmprovemen t a n o w e x l a t i n g o r h e r e e fl e r e r e c t e d o n t h e Pro p e r t y fnaured � •?
<br /> �' agefnst loes by Iire,hezarda Included withfn the term"extended coverage",and such other hazarde as Lender may require �{,
<br /> end in such emounts and lor euch periods es Lender mey require:provided.thet lender shall not require thaf the amount of ,
<br /> � such cove�ege exceed thet emounl of coverage requfred to pay the suma secured by thla Deed of Trust. ,
<br /> Thieineur.,n�ecerrierpro�IdinpthelnsuranceehellbechosenbyBorroweraub�ecttoepprovalby Lender;prov�ded,that
<br /> � auch epprovai s��all not be u�easonebly withheld.All premiums on insurance policiea shell be paid In the manner provided , �
<br /> under poreprepl�2 hereof or,II not paid in such menner,by Borrower mekfny payment,when due,directly to 1he insurance
<br /> car�ier.
<br /> All ineurance policfea and renewela thereof shell be In lorm acceptabte to Lender a�d shell Include a standerd mohgage
<br /> clauee fn ievorof and in form acceptable to Lender.lender shall have the nght to hold the policles and renewals thereoi,and ,
<br /> 8onower shall promptly Iurnish to Lender all renewal noticea and all receipfa of peld premiums.In the event of loaa.8orrower
<br /> ahell giveprompt noUCe tothelnaurance carrfer and Lender.Lender may meke proof of loea If not made promptly by Borrower. �
<br /> � Unless Lender end Borrower oMerwlae apree In writing,inaurence p►oceeds shall be applied to restoratfon or repefr of the
<br /> Property demeped,provlded euch restoretlon or repair f s economicelly feasfble and the necurlty of thia Deed of Trust ia not
<br /> thereby impeked.If auch�eab►atlon or repeir fs not economfcally feasible or if the aecurity of fhfa Deed ol Truet would be
<br /> �mpal�ed,the Ineurence proceeda shall be app�ied ta ihe suma secured by thfa Deed of Trust,with the excess,if any.pafd to
<br /> 8onower.If the Properly la ebandoned by 8or�ower.or H Borrower faila to respond to Lender within 30 deys Irom the dete
<br /> notice is mefled by Lender to eorrower tf�et the InsuranCe Cerrier oHers to eettle a clalm for fnsurance be�elfts,Lender is
<br /> authorized to collect and epply the insurence proceeda at Lender's optfon either to restoratlon or repeir of the Property or to
<br /> the suma secured by thle Deed of Trus4
<br /> Unleas Lender and Borrower olherwise egree fn writi ng,any such applicatlon of proceeds to principel shall not extend or
<br /> poatpone the due dete of the monthly instellmenle relerred to in peragrapha 1 and 2 hereof or chenge the amount of such
<br /> inatellments.lf under peragreph 16 hereof the Property is acquired by Lender,all righl,title and Intereat ot 8orrower In end to
<br /> anylnsurencepollciesand inandlotheproceedsthereolresultinglromdamagetothePry ptlorlo auch seale o�acqulsltfonon
<br /> t.�; ahall peas to Lender to the extent of the sums secured by this Deed of Trust immediatel
<br /> � g. Pr�ry�Uoe and MaMbnane�ol Prop�r;L�a��hold�;Condominlums;Pl�nn�d Untt WvMopm�nts.Borrower shell
<br /> keep the Properiy in good repeir and shall not cammit waste or permft impairment o1 deterioratlon of the Property and shall
<br /> comply with the provlsions olany lease II thfs Deed of Trust is on a leasehold.I1 this Deed of Trust fs on a unN in a condomirnum
<br /> or a planned unit development, Borrower shall pe�form all of Borrower's obligetions under the declaratio�or covenanta
<br /> creating or governing the condomfnium or plenned unit development the by-laws and regulations of the condominfum or
<br /> Borrower end reCO�ded tOgelher wfth Ihis�Deed 01 T u�st,lih covenants nd agreementa of suclt�Pdeeshell�be fnCOrpoeated
<br /> � into and shall amend and supplement the covenents and agreements of Ihfs Deed of Trust as d the rfder were a pert hereof
<br /> . � � 7. Prot�etbn o1 LMd��'�S�cuHty.II Borrowei fe11s to perform the covenants and agreementa contained In lhle Deed of ,
<br /> i Trust,or H any actlon or proceeding is commenced wlth matenally aHects Lender's�ntereat in the Property.including but not
<br /> � Ilmltedto,eminentdomeln,ineolvency,codeenforcement.orarrangementsorproceedfngainvolvmgabankruptortlecedent,
<br /> y; � then Lender at Lender'S opUon,upon notice to Borrower,may make such appearances,dlsburse auch sums end take such
<br /> t eclionaslaneceaserytoprolectLender'sinterest,lncluding,butnotlimltedto,dfsbursementofieasonableattorney'afeesand
<br /> � f ent►y upon the Prope►tyto rneke repafro.It Lender requ�red mort ege insurance as a condltion of rneking the loen secured by
<br /> i the Deed of Trust Borrower shall pay the premluma requ�red�o maintem such msurance�n eNect until such time as the
<br /> requlrementtor such ineurance terminetea in accordence with Borrower's and Lender's written agreement or applicelbe law.
<br /> � 8or.ower shell Qey�th��a�ti�i p�„��ougsuant to thls perag eph 7,ew h ntereet�h8e eon,eshell�beCOme edd tional
<br /> _�
<br /> � indebtednesaotBorrowersecuredbythisDeedolTrust.UnlessBorrowerano�enderagreei��oi�nrie����bo�Nar.�,ar.;,�;:.,,.
<br /> � amounta shall be payable upon notice from Lender to Borrower requestmg payment hereal,and shall beur mteresllrom the
<br /> dafeol dlsbureementatthe rate peyeble lrom time to time on outstanding pnncipal under Ihe Note unless payment ot mterest
<br /> I et such rate would be contrery to applicable law.In whlch event such amounts shall bear interest at the highest rate _
<br /> permisslble under appllceble law.Nothing cuntalned In this paragreph 7 shall require Lender to incur any expense or take eny
<br /> i actlon hereunder.
<br /> � 8, In�p�cUOn.Lender rney rnake or Ceuse to be made reasonable entries upon and fnapect�o�s of the Property,provlded
<br /> thet Lender shell glve Borrower noticepnor to any such inspect�on spec�fying reasonable cause theretore related to Lender's
<br /> interest In the Property.
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