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<br /> UN)roitm Crvasrcxr -m. Borrower and L=xkr covociunt and agree as fotksws: 3 0404"M 00 7086
<br /> 1. Payment rri Principal and lratercd. Borrower ;;hall promptly pay when due die principal of and interest on the
<br /> indobtedne"s ev-jencaxi 'by the. Note, prw_raym~ent xod late charges as prodded in the. Nolte, and the principal or and inicrast
<br /> on ,gray I`aetcre Advances secured by less 1]rrxi of"Truest.
<br /> 2. 1Funds fas Taxes and trxttrrasrc. Scrhjec1 to Jtpplic2hle law or to a written waiver by Leader. Botmvsetr shall pay
<br /> to I.a,:ndrr en the day rri Mthly insialarricros of principal and interest arc psyaHe under the Dote, until the Note is paid in fult_
<br /> a aeons (herein "Funds'") equal to one-twelfth of thc yearly taxes and asses`smcnts which may attain priority over this
<br /> Deed of Tr uil, a,nd grovad rents on the Property, if any. plus erne-twelfth of vearly premium installments for hazard insurance,
<br /> plus voe-t„ clfth of yearly premium imlallmrnls for mortgage ip..sura<ncc, if any, all as rewwriably estimated initially and ,from
<br /> time to lirric by Le:ytl°_r on the basis o": x%kn"mcnts and bills and reasonable estimates thereof.
<br /> The Funds -.hail be held in an iratitutiorn the derosits or accourtc of which arc insured or guaranteed by a Federal or
<br /> -Vale agency (including fender if Lender is such an inslitution). !.ender shall apnfy the Funds to pay said tales, amrssrnents.
<br /> insurance prrmiums and ground rants. Lender may not charge for so holding and applying the Funds, analyzing said account.
<br /> or verifying Z"d compiling sAld ax%Msment.s and hills, unless Lender pays Borrower interest on the Funds and applicable law
<br /> permits Lentler to rnAkc such a charge.. Borttawcr and Lcndcr may agree in writing at the time of execution of this
<br /> Deed of Trust that inierest on the Funds shall t-c paid to Borrower, and unless such ag^ecment it made or applicable 12W
<br /> requires such inir.reu to br paid, Lender shall not be required to pay Borrower any interem or carninp on the Funds. Lender
<br /> Shall give to florrow•cr, witltat f char-l!e, an annual 2k craunting of the Funds showing credits and dchas to the Funds and the
<br /> purpose for which each debit to be Funds was made, The Funds are pledged as additional security for the sums secured
<br /> by this T')ecd of Trust-
<br /> If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br /> tl.t due dates of taxc'., assessments, insurance prcrniums and ground rents, shall exceed the amount required to pay said taste,
<br /> axsessments, insurance premiatm; and ground rents it,% they fall due, st:ch execs-, shall be, at Horrowcr's option, either
<br /> rornpily repaid to Borrower or credited to 8orrawc:r on monthly installments of Funds.. If the amount of the Funds
<br /> held by Lendcr shall not be sufficient to pay taxes, as- cm%raents, insurance premiums and ground rents as they fall due.
<br /> Borro-acr shall pay to Lender any amount necessary to male up the deficiency within 30 days from the date notice is mailed
<br /> by Lander to Borrower requesting payment thereof.
<br /> Upon payment in full of all sums secured by this I)ecd of Trust. Lender shat: promptly refund to Borrower any Fund,
<br /> hcitl by Lender, If under paragr ph 18 hcr+etf'the Property is sold or the proxrty is othcrwisc acquired by l.cnder_ Lender
<br /> ,,hall apply, ric, later than immediately prior to ehe sale of the Pr.~spe.rty or +tl, acytticitian by Lcr.'er, any Funds held by
<br /> Lender at the ti.rnt of application as a credit against the sums secured by this D;t.d of Trust.
<br /> 3. Application of Pairnents. [unless applicable law provides oihco.s i,:, all payments received by Lender under the
<br /> Note. and paragraphs I and 2 hereof shall be ap lied by Lender first in paymcni of amounts payable to !,ender by Borrower
<br /> tinder paragraph 2 hereof, then to interest pava lc on the Note, then to the principal of the Dote, and then to intercxr and
<br /> principal oil any Future Advances.
<br /> 4. Charxes. Liens. Horrower shalt pray all taxes, assessments and other chat-M. fins and impositions altributabic to
<br /> the Property- which may attain a priority aiier this Deed of Trust, and Iraschold payments or ground rents. ;f any, in the
<br /> manner provided under paragraph 2 hereof or, if not paid in :ruck manner, by Borrower making payment, when due, directly
<br /> to the payee thereof. Borro%k-er shall promptly furnish to Leader all nolice-i of arnoums dtae under this paragraph, and in the
<br /> event Borrower shali make payment directly, Borrower shall promptly furnish to Lender receipts evidencing nurh payments,
<br /> 801-TOATT' -.112111 promptly discharge any lien which has priority ovr,r this I:yced of Trust; providcd. that Morro-ver shall not he
<br /> required to dewharge 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 1 ender, or shall in good faith contest such lien by, or defend enforcement of such lien in.
<br /> Icgal ppm eed'rngs which o;aerxtc to prevent the enforcement of the lien or forfeiture of the Properly or any part thereof.
<br /> t, Hazard Insurance. Tor-rower shall keep the improvements now existing or hereafter erected on the Property insitrtar`
<br /> against loss by fire, hazards included within the term "ttlendcd coverage a.nd such other haza-ds as Lendcr may rcquirc
<br /> and in such amounts and for such periods as Lendcr may require- provided, t:aiat Lender shall not requite, that the atnount elf.
<br /> such covcrahc cxcecd that amount of covciage required to pay the sums --cured by this Deed of Trxist.
<br /> •The insurance carrier providing the insurance shall he chosen by Borrower st.tbject to approval by Lendcr: provided,
<br /> that such approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner
<br /> providcd under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the.
<br /> insurance cr_rrier.
<br /> All inturanc.c policies and rcnewhls thereof shall be in form acceptable to Lender and shall include a standard rnoalgalc
<br /> clause in favor of aid in form accepiabic to Lendcr. Lender shall have the right to hold the politics and renewals thereof.
<br /> and Borrower shall promptly furnish to Leader all renewal notice-% and all receipts of paid premiums. in the event of ?its
<br /> Borrower shall give prompt notict to the insurance carrier and Lender. Lender may make proof of loss if not made promptly
<br /> by Borrower.
<br /> Unless Lender and Borrower otherwise agree in writing, insurance proceeds sha'.l be applied to restoration or repair of
<br /> the Property damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trent it;
<br /> not thereby impaired. If such restoration of repair is not economically fctubk- or if the security of this Deed of Trerst would
<br /> be irripasred, the insurance proceeds shall be applied to the sums secured by this Deed of Trust, with the excc%s. if any, paid
<br /> to Borrower. If the Property is abandoned by Borrower, or if Borrowtr fails to Pnpond to Lender wilhrn 30 days from the
<br /> date notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender
<br /> is auiltorixed to collect,and apply the insurance,procceds at Ltncler's option either to mr1oraticin or repair of ithe Property
<br /> or to the suns secured by this Deed of Trust:
<br /> Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to'principal shall not extend
<br /> or postpone the due date of tht monthly installments referred to in paragraphs l and 2 hereof or change the amount of
<br /> such installments. If under paragraph IS hereof the Property Is acquired by fender, all right title and interest of Borrower '
<br /> in and to any insurance policies and in and to the proceeds thereof resulting from damage to the Property p ior to the sale
<br /> or acquisition shall pass to Lender to the extent of the sums sccurcd by thn Deed of Trust immediately prior to gt ch sale or
<br /> acquisi•ion.
<br /> 6. Preservation oral Mvintenaace of Properly: Leaseholder Coerdominiaats; Planned Unit Deivetopmepts. Born-.►wr
<br /> shall kelp the Properly in good repair and shall not commit Waste or permit irrt~~++.airrnent or eleterinration Of the; Property
<br /> and shall comply with the provisions of any least if this Decd of Trust is on a.lkaschaki. If this peed of 'Trust is on a unit in a
<br /> condominium or a planned unit development. Borrower shall per9'orm all of Borrower's chligations under the declaration
<br /> or covenants creating or governing the condominium or planned unit do+eloPment; the by-laws and regulations of the
<br /> condominium or planned unit development, and constituent documents. It a ~ondominiupt or planned unit development
<br /> ri&r is executed by Borrower and recorded together with thin peed of Trust, the covenants and agreements of such rider
<br /> shall be incotposated into and shall amend and supplement tap: e-menants and agreements of this Deed of Trust as,if the rider
<br /> here a part hereof.
<br /> 7. Protection of Lender's Secutity. If Borrower fails to perform the covenants and agreements contained in this
<br /> T)ecJ of Trunt, or if any action of prz,Yrc laug is eonirnenord which materially xfrects Lcndcr's interest in the Property.
<br /> including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a
<br /> bankrupt or decedent, then bender at Lender's c.ption, upon . lief to Borrower, n1hy make sucil appearances, disburse such
<br /> sums anti take such action as is necessary to protect Lender's interest, including, but not limited to, disbursement of
<br /> rca,wnablc attorney's fees and curry upon the Property tai male repairs. If Len-jcr required inorigagc insurance as a
<br /> condition of making the loan secured by this Deed of Trust, Bi0t10wct shall pay th': premiums inquired to maintain such
<br /> insurance in rffet,t un•il such time as the requirement for with iimucance lerminatet; in accordance with Hon.0%,er"5 and
<br /> Lender's writteal agrecroer_t or applicable law. Borrower shall pay the amount of arf :norignge insuratttc premiums in the
<br /> manner provided under paragraph 2 hereof.
<br /> Any amounts disbursed by Lender pursuant to this paragraph 9with interest thereon- shall become aidditional l
<br /> indeblednesx of Borrower secured by this Decd of Tryst. Unlesi,Borrowerand Lenten agree to other terms. of payment. s;ach
<br /> aaptounts shall be payable capon notice from, Lender to Borrower requesting MrMat thereof. and shalt bear interest from the
<br /> date of disbursement at the rate p tya>ate !corr.' time to time On ovitstanding principal einde.r the Note unless payrnmt of interest
<br /> at such rate would bt contrary to applicable law, in which evert!, such a ntl .sisan gear interest at the highest rate
<br /> permi%sible under applicable law. Nothing ctxrtaii'md in this P01-9 taiph 7 shalt require Lender to incur any ex-perne or take
<br /> xng action hcrelmdc:.
<br /> 3 Iri%veition. I.-d(,-r may r n: c or t.awtt to be Mack reasornblir rntries> FO" and intt)ectitons of the P r.op::rty, provided
<br /> :?ti.m± 1 a suer thali riVc Borrower m-mce r•rior to awiy such inxpecti:,n spr:cifying reasonable cause therefor relrtcel to Lendcr"s
<br /> ~~'0tEC%l '21 Olt FIQDCM
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