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<br />- UNIFORM Covervnvrs. Borrower and LenJer wvenam and agfeC as follows:
<br />3. Payment of Prinripal and [nteresl. Borrower shall promptly pay when due the pnncipai of and interest on the
<br />mdehtedness evidenced by the Note, prepayment and late charges as pro: tdeJ in the Note, and the principal of and interest
<br />on anv Future AJvanccs secured by this DeeJ of "Truce.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to lxnder on the day months}• installments u( principal and imrrest arc payable under the Nate, unfit the Note is paid in full,
<br />a sum (herein "Funds') equal to one-twelfth of the yearly rases anJ assessments which may attain priority over this
<br />Decd of Trust. and ground rents on the Property, i(any, plus one-twelfth of yearly premium installments for hazard 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 the tasis of assessments and bills and reasonable estimates thereo[.
<br />Th„ Funds shall be held in an institwior. the deposits or accounts of which are insured or guaranteed by a Federal o:
<br />state agency (including Lender if Lender is such an instiuniony. 1-ender shall apply the Funds m pay said taxes, assessments,
<br />insurance premitms and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account
<br />ur verifying and compi9ing said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and Lender may agree in writing a[ the time of execution of this
<br />DeeJ o[ Trust that inerest on the Fiords shall be paid to Borrower, and unless such agreement is made or applcable taw
<br />requires such interest to be paid, Lender shall not he reyuired to pay Burrower any interest or earnings on the Funds. Lender
<br />shalt give ra Borrower, without charge, an annual accounting of the: Funds showing credits and Debits m the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds arc pledged as aJditianai security for the sums secured
<br />by this DceJ of Trust.
<br />If the amount of the: Funds hclJ by Lender, together with the touter monthly installments of Funds payable poor to
<br />the due Dates of taxes, assessments, insurance premiums :mJ grounJ rents, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they tall Juc, ouch excess shall he. at Borrower's option, either
<br />promptly repaid to Borrower ar credited m Boer. wet on monthly inswllmenu of Ponds. If the amount of the Funds
<br />held by Lender shall not be sullicient to pay taxes, assessments, insurance premuuns end ground rents as they fall due,
<br />Borrower shall pay to Lender any amount necessary in make up the deficiency wnhtn 30 Jays from the dale notice is malted
<br />by Lender to Borrower requesting payment thereof.
<br />Upon payment in fu!! of all wins secure) by this UcrJ of Tnut, ! ertdrr ahali pnanpily refund to borrower any Funds
<br />held by Lender. If under paragraph Ig hereof the Pmpeny is sold or the Property a othenvise acyuired by tender, !.ender
<br />shall apply, no later than immediately prior to the sale of the Prapcny ur its acyuisuwn by Lender. any Funds hell by
<br />Lender ut the time of application as a credit against the sums secured by this UeeJ of Trust.
<br />3. Application of Payments. Unless applicable I:nc proviJes utherwtsc, all payments received bg• Lender under tfie
<br />Noce and paragraphs t anJ ? hereof shall he apphrd h}• Lcndrr tint in paynecnt of amounts payable to I_rnder by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Num, then to the principal of the: Nine, and then to interest and
<br />principal on any Future Advances.
<br />4. ChagGes; Liens. Borrower shall pa}• all tuxes. assussmaus anJ other charges. firm :mJ mtposnions attributable m
<br />the Property which may attain a priority over this Derd of Trust, and leasehold payments or ground rents, if any, in the
<br />manner provided under paragraph 2 hereof or, it not pail in such nsmner, by Borrower making payment, when due, directly
<br />to the payee thereof. Burrower shall promptly furnish to Lcndcr :JI notices of amounts Due under this paragraph, and in the
<br />event Borrower shat! make payment Directly, Borrower shall promptly furnish bt Lcndcr receipts evidencing such payments.
<br />Borrower shall promptly discharge any lien which has priority over this UreJ ul "trust; provided, that Horruwer shalt not be
<br />required to discharge any such lien so lung as Borrower shall agree in writing «> the puymcm at the ubhgunon secured h}•
<br />such Iicn in a manner acceptable to Lender, ar shall m goal (auh coolest such ben by, or JefenJ enforcement of such lien ue.
<br />legal proceedings which operate to prevent the enforcement of the Iicn or furfeiwre of the Property or any part thereof.
<br />5. Hazard lnsuraace. Borrower shall keep the improvements now causing or hereafter erected sin the Property insured
<br />against loss by fire, hazards included within the term "extendeJ coverage", anJ such odeer haz:rrJs as LenJer may require
<br />and in such amounts and for such penods as Lcndrr may reywre; pnwuieJ. Ih:u LenJer shall not reyuire [hat the amuum u(
<br />such coverage exceed [hat amount of coverage reywrcd to pay the stuns secured 6y this Dced of Trust.
<br />"The insurance carrier providing the insurance shall be chosen by Borrower subject co approval by Lender. provrdeJ.
<br />that such approval shall not tx unreasonably withheld. All premiums on insurmm policies shall be paid !n the manner
<br />provided under paragraph 2 hereof or, if nut paid in such manner, by Horruwer making payment, when due, Directly [o the
<br />insurance carrier.
<br />All insurance policies and renewals thereol shall he en form acarptabie to Lcndcr and shall include u standard mortgage
<br />clause in favor of and in farm acceptable to Lender. L_endcr shall Itavc the: nght to holJ the policies and renewals thereat
<br />and Horruwer shall pran:ptly furnish to Lender all renewal notices and :JI tcectpts of p;uJ premiums. In the event of loss,
<br />Borrower shal_I give pranapt noose to the insurance comer anil Lemler. L::nder tuay sake proof of loss r( not ;Wade promptly
<br />by Horruwer.
<br />Unless Lender and Horruwer uttierw sic agree in .v-rnmg, mwranee prococds shall he applied is resinratiw, or report at
<br />the Property damaged, provided such restaratwu sir repair a rcononucally leasd>Ir .urd the xcunty of this Uecd u( "Trust n
<br />oat thereby rmpmred. If such restora«un ory rep;ur is not rronumieully Irusd,le or it the security al this LkeJ of "tout uvuld
<br />be imparted, [he insurance proceeds shall hC applirJ m Fne sums secured by this Used of TnrsL wnh the tartar, d any, p:ud
<br />to Borrower. If the Property is abu:tduuarl by Borrower, ar if Horrowcr I;ula fo reapanJ to Lcndcr within 3U days from the
<br />date notice ix muileJ by Lender to Barroucr that the msnrance currier udcrs w settle :r chum for uuurance hrnelils. LenJer
<br />is authanzeJ to collect and apply the insurance proceeds ..[ Lender's opuwr ender m resturauan sir report ul the Property
<br />or to the runes secured by this Deed sit Tnrst.
<br />Unless !.ender anJ borrower uihcrwise agree m writing, :my wch apphcauou of prorecJs W pruta pal shall not extend
<br />or W>tpnne the Jue date sit the nwmhly in>tallntrnis reterreJ to sir patmgruphs I :uul '_ hcrcul or dnmgc the amount ul
<br />such installments. If unJer paragraph IH hereof [he Property is acyuired 6y LenJer, all nghL title onJ interest sit Horruwer
<br />m anJ to any inaurancc pobaes and m and to the proceeds Iherco[ resulting from Damage m the Prole rty prior m the s:dr
<br />or acyuisitian shall pass tU !_ender to the ratent o! the wuu secured by ibis UeeJ of l•t ust uumeJtatcly pear u, such sale sir
<br />acyuisitian.
<br />6. Preserratiun and Mointenantt of Yroperty; Leaseholds; Cmtdoneiniums; 1'lanaed Unit DevnbpmeMS. Horruwer
<br />shall keep the t'n,pcrty m gout report .rnJ ah:Jl not comma w;ute or pcrntu impuu utrnt sir dacuoralum of the Property
<br />anJ shall comply with the provisions of any leuxr if thin Uecd of l~nrat a sin a IenwholJ- it ihts UeeJ sit Trust t> on a unrl in u
<br />condominium or a planned unu development, 1orruwer shall pcrlann ell ul Horrower's ohhgauun> unJer the Jeclaru«on
<br />sir covenants Grouting sir governing the nmdomiuiunt u~ pluuucd un^ Jrvclopntent, the by-iuwa anJ rrgulutmna of the
<br />condominium or planned amt Jevelupment, and cunstiwem documents. If a cnnJuminium sit planned unn development
<br />rider is executed by Barrawer anJ recorJed together with this DeeJ of ~l rust, the euvenauls and agreentenis ul such nJrr
<br />shall bt: incarporatcd iota anJ shall amcuJ and supplentcm the uuvenunls anJ agrcemcnts of ibis DeeJ ul 'Trust as rf the nJer
<br />were a part hereof.
<br />7. Protection of Lender's Security. I( Barrawer fads w prrlunn die covenants and agrermrnts camomc•J in this
<br />Decd of Trttsl, or if auy action or procectling is contmcnccJ which materially aBccls Lender's tntere>t m the Property.
<br />including, but not limited [o, rnunent domain, insolvency, rude enlorrrntent, sir art ngcntenta or pt uceedmga un~olvmg .r
<br />bankrupt or decedent, then i.rnder at Lender's option, upon notice to 13ormwcr, may make such aplxaruncn, dubw>c w.h
<br />sums and urke such action us is necessary lu protect L_endcr's mterea6 nuludmg, but not broiled w, Jubunrment of
<br />reasonable attorney's fees and entry upon the Property to male repuus. It LeuJcr reywre) mortgage insurance as
<br />condition of making the loan secure) by this Deeil sit !'rust, Burrower Shull pay the prcnuunu reywn•J to mauuain such
<br />insurance in clfect until such time as the reyuirrment for such insurance tenniuatrs in necorilnnce wish Borrower's and
<br />Lender's written agreement or applicable I:Iw. HOrraw'l'f Shalt pay der amount of ell nnntgage uuurunce picnuunu m the
<br />manner provide) under paragraph ?hereof.
<br />Any amounts disbursed by Lender pursuant w this paragraph 7, with uuet est Ihemon. shall become aJJinonal
<br />indebtedness of Horrower secure) by this Dced of 'trust. lJ mess Horruwer anJ 1 ender agroc to other terms of p:ryment. such
<br />amounts shall be payable upon notice (rum Linder to idon'ower euquestng paymem durcot :ntd shall Ixar uxerreal from the
<br />date of disbursement ^t the rate payable from time to time on outst:utding prncipal unJer the Nmr unless paYmem of interest
<br />at web raft would be contrary to appiicnbie btw, in which event .uch amounts sh;Jl hear uttcresf at die highest rote
<br />permissible under applicable taw. Nothing contained in this ryuugraph 7 shall reyuire i_ender to incur any expense ar take
<br />any acticn hereunder.
<br />f!. laspection. l.endar may make or cause tc be made reusunabie enures upon anJ wspec«una of the Pruporty, provide)
<br />that Linder shall give Borrower nutlet prior to any such msfactiwe specifying reaumahle cause tberelm' related to Lender's
<br />interest iu the Prarxrty.
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