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<br />Utv-tt:attat Cnv:?rrerass. Borrower ate f_endcr cavtnant and agree ae fa!lows:
<br />L TaJweat d ~ sad fadtttra4. Borrower shall praatptly pay when drre the prirxipa; of artd interess tin the
<br />i~ evidsrced by *.l~ Note, prepaymert# and late cbargt[s as provided in the Nwe, and the prirctpai of and interest
<br />on Future Advances soured by this feed of Trust.
<br />Z t~ flat Tatar sti Ittawwict. Subject to applicable taw or to a written waiver by Lender. Borrower sha91 psy
<br />do Lenefer on the day monthly iauallmatts of principal and interest are payable under the Note, until the Note is paeJ in full.
<br />a strrre (itertin "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority aver this
<br />Decd of Trust, amt grotetxl rrnts on the Property, if any, plus one-twelfth of yearly prtmium installmtnts for hazard tnsurance.
<br />plus Otte-iwtl(th of yearly prdnium installments for mortgage ittsurantt. if any, ail as reasonably estimated initially and from
<br />time to time by Lender oat the b~ of asstssrnmts and buts and reasonable estimates thereof.
<br />The Funds shall be hel6 in an irotitulion the deposits or accounts of which arc insured or guaranteed by a Federal ar
<br />attic agttsry (including Lender if Lender is such an institution). tender shall apply the Funds to pay said taxes. assessments.
<br />inwrance premiums and ground rents. Lender may rat charge for ao holding and applying the Fends, analysing sarJ _ -mount
<br />~ verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and appbcable ,>w
<br />peemits I-ender to make such a charge. Borrower and f-ender may agree in writing at the time of execution of this
<br />Deed of Trost that interest on the Funds shall be paid to Borrower, and unless such agreement is made or applicable law
<br />requires such interest to be paid, Lender shalt not be requirt~ to pay Borrower any inmrest or earnings on the Funds. Lender
<br />shah give to Borrower, without charge, an annual accounting of the Funds showing credits and dehns to the Funds and the
<br />ppnnrpoae for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by tfiis 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 dales of taxes, assessrttents, insurance premiums and ground rents, shall exceed the amount requrred to pay card taxes.
<br />aaatasmenfs, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower ar credited to Borrower on monthly installments of Funds. if the amount of the Funds
<br />d y Lettdtr shall nod be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fail due.
<br />Borrower shalt pay to Lender any amount necessary td make up the deficiency within 30 days from the date notice rs maileJ
<br />b7 I.etsder M Borrower requesting payment thereof.
<br />Upon payment in full of all wttna secured by this Deed of Trask Lender shall promptly refund to !torrnwer any Funds
<br />held by Lender. If under paragraph ] 8 hereof the Pro~rty is sold or the Properly is otherwise acquired by Lender. Lender
<br />shall apply, rto later than immediately prior to the sa a of the Property or its acquisition by Lender, any Funds held by
<br />Lender at the time of application as a credit against the sums secured 6y this Deed of Trust.
<br />1. +-tl~IieaYsii et laystseab. Unless applicable law provides otherwise, alt payments received by Lender under the
<br />Note and paragrapPhs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br />tinder paragraph 2 hereof, then to interest payable on the Note, then to the principal of the Note, and then to interest and
<br />prirtctpaf on any Future Advaticea.
<br />4. CMt;er, i3eas. Boerowtr shall pay all taxes, assessments and other charges. fines and impositions attributable to
<br />the 1!roperty which may attain a priority over this Deed of Trua[, and leasehold payments or ground rents, if any, in the
<br />toaaaer proviil~ uadw ptirtigraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly
<br />to the payer thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the
<br />etreat Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts eviJencing such payments.
<br />Borrower shall promptly discharge any lien which has priority over this Deed of Trust; provideJ, that Borrower shall not he
<br />required to discharge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by
<br />such Ilea in a manrev acceptable to Lender, or shall in good faith contest such hen by, or defend enforcement of such lien in.
<br />legal pproceeding which operate to prevent the enforcement of the Tien or forfeiture of the Property or any part thereof.
<br />3. HaM hstraraaaY. Borrower shal4kesp the improvements now existing or hereafter erected on the Property insured
<br />againstloas by flrc, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br />and in such amounts and for such periods as Lender may require; provided, that Lender shall not require that the amount of
<br />such coverage exceed that amount of coverage rcgtrired to pay the sums secured by this Decd of Tnrst.
<br />The inuurance carrier providing the insurance shall be chosen by Borrower subject to approval by 1 ender, provideJ.
<br />that loch approval shall trot be unreasonably withheld. All premiums on insurance policies shalt tx paid in the manner
<br />provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />iaatwaoce carrier.
<br />!1l! insurance policies artd renewals therrnf shall be in farm acceptable to Lender and shall include a standard mortgage
<br />elaule in fatror of and in form acceptable to Lender Lender shall have the right to ho1J the puhcies and renewals thereof.
<br />sad Borrower shall promptly famish to Lender aB renewal notices and all receipts of pail premwms. In the event of loss.
<br />Bortotver shaft give prompt nctlice to the insurance carrier anJ Lender. Lender may make proof of loss rl not made promptly
<br />by Borrower.
<br />Unless Letter and Bortowtr otherwise agr~ in writing, insurance proceeds shah ix applied to restoration or report of
<br />the Property damaged, provided such resrara[ion ar repair is economically feasible .md the security of th+s D+-eJ of Trust is
<br />teat thereby rmgairtd. if suss n~i~ra#irm er repair is no# tcUnumical;y fessrb;z or if the s~ctr: icy of chi, nett of T:::s:::a:::d
<br />be trn~aired, the insurance proceeds shat! tie applied to the sums secured by this Dced of 7"rust. with the excess, if any, paid
<br />to Borrower. If the Property is abandoned by Borrower, or if Borrower fads to respond to Lender within 30 days from the
<br />date ratite is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance txnefits. Lender
<br />is authorittd to collect sad apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br />or to the wins secured by this Deed of Trust.
<br />Unless Lender slid Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due dale of the monthly installments referred to in paragraphs I and 2 hereof or change the amotim of
<br />sash installmecis. If under paragraph I8 hereof the Property is acquired by Lender, all right, title anJ interest of Burrower
<br />in and to any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior w the s:Jc
<br />or acquisition shall pass to Lender to the extent of the sums secured by this Deed of Trust immedmlely pent to such sale or
<br />acgttisilian.
<br />f. RreservsNoa sad 1lfafateoaece of Property; LeaseboWs; Coitdomioittms; Plantitd Unit F3rveloptnents. Borrower
<br />shall keep the Property in good repair and shall nut commit waste or permit impairment ur Jclcriurauon of the Propert}
<br />and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust is on a unit in a
<br />condominium or a planned unit development, Borrower shall perform all of Borrower's ahhgarions under the declaration
<br />or covenants creating or governing the condominium or planned unit development, the by-laws ;u+J rcgufatiom of the
<br />condominium or planned unit development, and cottstifuent documents. If a condominium ar planned amt devciupmem
<br />rider is executed by Borrower and recorded together with this Deed of "Crust, the covenants and agreements of ,uch rider
<br />shall be incorporated into and shall amend and supplemem the covenants and agreements of this [hid of 'Crust as if the nder
<br />were a part hereof.
<br />7, RsakeNoa of Leader's Security. If Borrower fails to perform the covenants anJ agreements contained in chi,
<br />Deett of Trutt, or if any action or pracezcliug is cammcaced which materia?Iy aEexts L~nder~ interest in *.hc Property,
<br />iexhxliag, but rapt limited to, emiaant domain, insolvency. lade enforcement, or arrangements or proceeding, involving :~
<br />bankrupt or deexdent, Then Lender at Leader's option, upon notice to Borrower, may msRe such appearances, Disburse such
<br />siieru and take such action as is necessary to protect Lender's imerest, including, but not limited to, disbursement of
<br />reasonable attorney's fees and entry upon the Property to make repairs. If Lender reyuircd mortgage insurance as a
<br />t~aditiDn of retaking flrc loan secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such
<br />itsurance is eAeet until such time as the requirement for such insurance terminates m ancordanee with Borrower's and
<br />Loader's written agreement or applicable law. Borrower shag pay [he amount of all mortgage insurance premiums in the
<br />mariner provided undkr paragrapfi 2 hereof.
<br />An unouats disbursed by Leader pursuant to this paragraph 7, with interest thereon. shall become additional
<br />indebtedness of Borrower secured 6y this Deed of Trust. Unless Borrower and I-ender agree tp other terms, of payment, such
<br />areKWptl shall bo payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br />dahi of dhbursteraatt at the rate payable from time to bate on outstanding princpal under the Note unless payment of interest
<br />at wch raft w.o41d be contrary to applicable law, in which event such amounts shall liar interest at the highest rate
<br />parmilfibk tender Applicable: law. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br />any ttctioa hereundee.
<br />~ I~!!'ttka. Leatkr relay make or fau_se !o be m reas!sttab!e entriss upon anJ inspections of the Prgocrty, nru. rdeci
<br />that Lender shall give Borrower notice prior to any such irspection specifying reasonable cause therefor rclateJ +o ~LenDcr',
<br />inteieat is the Proauty,
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