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<br />IJN3t'oRxt CO'/ENANTS. BptrOWCf and Lender COYCnan[ and dgrCe a5 fa110W5:
<br />1. Payrrdenk of Prinripal aed fntesest. Borrower shall promptly pay when due the principal of and interest nn tfie
<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 DeeJ of Trust.
<br />2. )Fmrtls for Z'eaea rind fnsurance. Subject to applirahle law or to a written waiver by Lender, grower shall pay
<br />to i.erzder on the day monthly inslatlmems of principal and interest are payable under the Note, until the Noe is paid in full.
<br />a sum (herein "Funds") equal to orre-twelfth of the yearly taxes anJ assessments which may attain priority over this
<br />Deed of Trust, and ground rents an the Property, if any, plus one-twelfth of yearly premium installments far hazard insurance.
<br />plus one-twelfth of yearly premium installments for mortgage insurance, if any, all ac reasonably estimated initially and from
<br />time to time by Lender on the basis of assessments and bibs and reasonable estimates thereof.
<br />The Funds shall be held in an institution the deposits or accounts of which arc insure) or guaranteed by a Federal or
<br />state agency Including Lender if Ixnder is such an institution). Lender shalt apply the Funds to pay said taxes. assessments.
<br />insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds,.analyzing sail acrnum
<br />or verifying and compiling 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 at the time of ezecution of this
<br />Deed of Trust that interest on the Funds shall Ix paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be~paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shaft give to Borrower, without charge, an annual acrnunting 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 DecJ of Trust.
<br />If the amount os [he Funds held by Lender together with the future monthly installments of Funds payable prior to
<br />the due dates of tams, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments, insurance premiums and ground rents as they tall due, such excess shall he, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds
<br />hold by Lender shalt not be sutTcient to pay tazes,~ assessments, insurance premiums and ground rents as they fall due.
<br />Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the dare notice i; marled
<br />by Leader to Earrcwer requesting payment thereof.
<br />Upon payment in full of all sums secured by this DeeJ of Trust, Lender shat) promptly refund to Borrower any Funds
<br />held by Lender_ [f under paragraph 18 hereof the Property is sold or the Property is otherwise acquire) 6y !.ender, Lender
<br />shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds het) by
<br />Leader at the rime of application as a credit against the sums secured by this Dacd of Trust.
<br />3. Application of Payments. Unless applicable law provides otherwise, alt payments received by Lender under the
<br />Nate and paragraphs 1 and 2 hereof shall he applied by Lender first in payment of amounts payable to Lender by Borrower
<br />under paragraph 2 hereof, then to interest payable on the Note, then to the principal of the Nate. and then to interest and
<br />I principal on any Future Advances.
<br />4. Charges; ISeres. Bormwer shall pay alt taxes, assessments anJ other charges. lines anJ impositions attributable to
<br />the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the
<br />rritusuer provided under paragraph 2 hereof or, if no[ pail in such manner, by Borrower making payment, when due, Directly
<br />to the payee thereof. Borrower shall promptly furnish to Lender all noticex of amounts Juc under this paragraph, and in the
<br />event Borrower shalt make payment directly, Borrower shalt pra:nptly furnish to Lender receipts eviJencing such payments.
<br />Borrower shall promptly discharge any lien which has priority over this Deed of 't'rust; provideD, that Borrower shall not he
<br />requireD to discharge any such lien so Long as Borrower shat) agree in writing to the payment of the obligation secured by
<br />such lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or JefenJ enforcement of such lien in,
<br />legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />5. Hazmrd insurantt. Borrower shall keep the improvements now existing or hereafter erected on the Prnperty insured
<br />against loss 6y free, hazards included within the term "extendeD coverage". anJ such other hazards as !.ender may require
<br />and in such amounts and for such penods as Lender may require; proviJed. that Lender sh:Jl not require that the amount of
<br />such caYerage exceed that amount of coverage required to pay the sums secured by this Deed of 't'rust.
<br />fhe insurance carrier providing the insurance shall fx chosen by Burrower subject n; approval by Lender, pmvided,
<br />thmt such approval shall not be unreasonably wilhheid. All premiums an insurance }xaiicies shall he paid in the manner
<br />' provided t3eder paragraph 2 hereof or, if not paid in such manner, try Borrower staking payment, when due, directly to the
<br />tusurance carrier.
<br />All ins+!ranen policies and rerewats then 3f shalt he in farm acceptable ur lender and shall include a standard mortgage
<br />clause in favor of and in form acceptable to Lender Lender shall have the right to `old the policies and renewals thereof.
<br />and Barrawe,- steal: promptly furnish to Lender al! renewal notices auJ :dl receipts ..f pat) premiums. In the event of loss,
<br />Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make pr wt of lass it not male , rompU:~
<br />- by Borrower.
<br />- Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be appheD to restoration or repay of
<br />the Property JemageD, provided such restoration or repair is economically icasibk anJ the security oC this UecJ tit Trust n
<br />not thereby impaired. if such rcvtoration or repair ix not economically (eastble ur d the security at this UeeD n('I'ntst wool)
<br />- be impaireD, the insurance proceeds shall be applieJ to the sums secured by this IJecd of '['rust, with the excess, i( any, pvJ
<br />to Borrower. If the Property is abandaneJ by Borrower, or if Borntwer fells m respunJ ar Lender within 30 Jays from the
<br />date notice is mailed by Lender to Borrower that the insurance carrier olTers to settle: a claim for insurance benefits, lender
<br />is authorize) to collect and apply the insurance proceeds at Lender's option either to reslorauun or repair of the Property
<br />or to [he s tux .~ red by :his i~eJ of Trust.
<br />- Unless Lendes and Borrower aherwise agree in writing, :my ouch upphcauon of proceeds to pnncipat shall nut extenal
<br />or postpone the Due Jate of the monthly installments referred to in pa tagruphs I and 2 hereof ur change the amount of
<br />such insuAlments. If under paragraph IS hereol the Property ro acquired by lender, all nght, title anJ interest of Borrower
<br />in anJ to any insurance policies and in anD to the proceeds themol resulting from damage ar the Property prior lu the sale
<br />_ or acquisition shall pass !a Letxier to the extent of the sums secureD by this DeeJ of saw unmediatcly prior m ouch sale or
<br />acquisition.
<br />6. Preservation earl Matutenatrce of properly; Leavrhrdds; Corrdaminiums; Planned [)nit Developments. Horrowet
<br />shall keep the Property to guuJ n:pau anJ shall nut wnunu waste ur pennu imp, unu•nt „~ ,ictenoruuon of Ihr Prulmny
<br />anD shall comply with the provisions ul any lease if this UecJ of !Yost is tin a leasehold If this Decd of 'frwt n tin a amt in a
<br />- condominium or a planneJ unit development Borrower shall pcdorrn ;dl M Borrower's obligations under the Jeclarauon
<br />or covenants creating or governing the nndominiwn ur planneJ amt development, the by-laws and regulation, oI the
<br />condominium or plumteJ unit Jevelopnrcnt and constituem Jucumenrs. If a amJominium ur planneJ unit desclopntctn
<br />rider is execute) by Borrower and recorded together with This DeeJ of 'IYust, the covenants and agreement, nl such nder
<br />shall ltc; incorprxtueJ inlay :atJ shall amen) attD supplement the uovenauts and :;greemznts o1 Ibis Decd tit 'Feu ;vs it the nder
<br />Were a part hereof.
<br />_ 7. 3'rotact`saa of Lenders Security. if Barrnwcr [ads to ;urlu=~m the caveuanis and age euntcnrs couurmcai m this
<br />Deep of 'stoat, ur it any' action or prxeeding is commenccJ which ntatenally ;)feels 1_enderl uneresl .n 4te Pnxfx:ny,
<br />including, but not IinuteJ to, eminent Domain, insolvency, code eNorcwnent. or arrangements or proceedings maglvtag .~
<br />- bankrupt ar Decedent. then t_cnder :u Lender's upuon, upam nonce to Burrower, may make such appearaneca. ehsl unc sorb
<br />sums and take such actton as is necessan~ to protect L.ender'a mteresr, utcluding. teat not haute) to, dishursemem nl
<br />rcasonahte atuuney's fees anJ entry upon the Property to make repairs. I( Leader require) owngage urwrurec ,~
<br />cmulitian of making the loan secured 6y this DceJ of Truer, Borrower chat! pay the premiums rcywrcJ to m:u ntatn ,u.b
<br />insurance in af[cct un•il such tune as the rcgmrenreat fo; such iruuraux terminates in acaxdaucc wuh Bon owes', .uni
<br />Lenders written agncrtranr ar applicable taw. Burrower >hall p:q the amount of all mortgage insurance prcnuunu ~n the
<br />mamter provide) under paragraph 2 hereof.
<br />Any amounts Jisburscd by Lender pursuant to this paragraph ?, wnh interest thereon, shall hcuuur :~dd~uor,~i
<br />indebtedness o[ Borrower secured by the Dee) of 'fnt>t Unless Bax rower anJ I ender agree w other terms of pa}ntent..,trh
<br />_amouns shall Y,u: iulyable upon nourc taint !.coder to Bon~uwcr rcyucsnng Payment thereof, anJ shalt ix:at uuetcst tnuu dm
<br />date of dlsbursemenl ett th:; rate payable from time to thue uo omstanding principal under th¢ Nate unless paYmcm nt intcrcat
<br />at such rate wool) he a+niraR~ 6+ applicable law. in ~wtr:ch event ,ra-h amuunr> shall tx:u interest at the htphcst talc
<br />perinissifrle uruier a+rpticabte lay Nyh;ag contained in this paragraph r shall rcyuiru [_ender to meat any e.x fa:osc nr take
<br />any a::tiun hcrcun:Ier.
<br />A. Inspre lion Lc nder may make ur _.+use n. tx made tcawnablc a,rines +.pon .,n:i m,rxct+om, of th+ P=apa~~, --
<br />ih~t f.~r - - -; - rruhu .^.uti:.e pro- u ,
<br />suet ice anus airy rag raawnabic c,m:,a thuuot .ilated a r+~J+.. .
<br />- mtcrcnl .n the ! rr;n;'rt:.. ['s~ ,ps
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