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<br /> UNIFORM CQVENANTS.Borrower and lender covenent and agree es lollows �+�"' :
<br /> t. P�ym�nt ot Pflnclpal and Int�r�sL 9orrower ahatl promptly pay when due thR principet ol and mterest on the �
<br /> indebtednesa evidenced by ihe Note,prepeyment end late charqeaas provided fn the Note,and Ihe pnncipal ol and�ntereot on :
<br /> � � t any Future Advancea secu►ed by the Deed ot Trus4 �
<br /> ' I 2. Funds la7ax�s and Inw�enc�.3ubiect to applicable law or to a written walvar by Lender,Borrower ehall pny to lendor �
<br /> � ; 1 on the dey monthly Inatellmenta ofp rineipel end Interest are payeble under the Note,unlil the Note is pald In lull,e eum(here�n
<br /> "Funds")equal lo one-twelflh of the yearly taxes and aaseeamenta which mey attarn prforrty over th�s Deed ol T�ust.nnd
<br /> � pround rents on the Property,If any,pluaone-twelRh of yearly premlum instellmenti for hazerd fnsurence.pws one-twelhn ul
<br /> yearty premium inatallments Mr mortgege Insuranae,11 any,all as reaaonably estlmatad fnitlally and Irom 1�ma to tlmo by ,
<br />_ ,� lender on the be�is af easesaments en6 bllls end reasonable estlmetes thereot. _
<br /> The Funda ahall be held In an institullon the deposfte or accounts ot whlch are Inaured or guaranleed,by a F ederal or atete
<br /> agency(including 4endar il Lender is auch an msatutfon).Lender shall epply the lunde to pey eald taxea,aeeeaemenls.
<br /> � Insuranee premlume and ground rents.Lender may rtot charge for so holding and applying the Funde,an�lyzinp ea�d account
<br /> �, or veriryfnp and compiling sald asaessments end bills,unless Lender peya Borrower Intereat on the Funds and applicable�aw
<br /> permita Lender to meke such a charge.Borrower artd Lender may eqree in wrfting at the tlme of execut�on ol lhls Deed ot Truat ,
<br /> � d�at Interest on the Funds ahell be pald to Borrower,artrd unleas auch agreement Is made or appIfcalbo iaw requlres such
<br /> ' Interest to bepa id,Lendar shell not be requlred to pey Banower any interest or earnmga on the Funda.Le�nder shall qive lo
<br /> Borrower,wllhout charg�,an annual eccounting of the Funds showin�credits and de6its to the Funds and the purpose lor
<br /> • which each debitto 1he Funda was made.The Funds are pledged as additlonal securlty for Ihe auma secured by th�s Dend of
<br /> Trust
<br /> '�` ' If the emount ai lhe lunds held by Lender,toyather with che tuture monthly fnstallmenla ol Fu�ds payoble pnor to the due
<br /> � dates of texea,asaessmenls,Inaurance premiums and ground renta,shell exceed the amount requued to,pay ea�d loxea.
<br /> � aseessments,Ineurance premlums end ground rents as they fell due,auch exceas shall be, et Borrower s optlon,e�ther
<br /> promptly repeld to Borrower or credited io Borrower on monthly inatallments ot funds.If Ihe amount of the Funds held bY
<br /> } Lende�ahell not beeuHiclent to pay taxes,aesessments,Inaurance premiuma and ground rents as they lall due.Borrower aholl
<br /> } pay to Lender any emou ment lhereot�o meke up the deliciency withm 30 days�rom the dete notice is ma�led by Lender to
<br /> i Borrower requeadnp pay ' .
<br /> ! Upon peyment In tull of all eums secured by this Deed of Trus�Lender ahall promptly�elund to Borrower eny Funds held by
<br /> Lender.If under paragraph 18 hereqt the Property Is sold or the Propert�►is otherwise acqufred by Lender,Lender shall apply.
<br /> � no later than Immedlately prior to the aele of the Property or Ite ec u�sit(on by Lende�,end Funds held by Lender at the I�me ol
<br /> applfceUon as a credh agalnst the suma secured by this Dead of�rust.
<br /> 3. Applia�Non ol P�ym�nts.Unless applicable law providas otherwise,all payments received by Lender under Ihe Nole
<br /> � and peragrephs 1 and 2 hereof shall be applied by lender flrst in peyment of amounts payable to Lender by Borrower under
<br /> peragrapr�2 hereof,then to Intereat peyable on the Note,then to the principef of the Note,and then to�nteres�and pnncipal on
<br /> � any Future Advancea. � -
<br /> � �. Ch�rq�;Ll�n�.8o�rowersshallpay elltaxes.assessmentsendothercharges,finesandimposft�onsattrfbutoblutothe
<br /> } Property which mey attai�a priority over this Deed of Trust,and leasehold paymente or g►ound rents,�I any,m the manner
<br /> 3 provlded under peregraph 2 hereoi or,li not pald In such menner,by Borrower meking payment,when due,dueclly to Ihe
<br /> i � payee thereot.Borrower ahell promptly furniah to Lender flll notiCes of amounts due under thia peragreph,and in the event
<br /> 8anawat sha!! make psyment di►ectly, Horrower ehall promptly lurnish to Lender recefpta evidencmg such peymenta
<br /> �� 9orrower shell promptly dlacharge any Ilen which has prlorily over th�s oeea ot i rusr,prov�ded,ihei 8orruwnf bheN nos ba
<br /> Ife�Inemanner a Cepteble to L nderl or shalle nrg od feRh cont st s crhflien by,opde end enlo cem�ent ot auch lien nY eqel
<br /> prxeedln�n whlch operafe to prevent the enforCement of the lien or fo�feiture ol the PropeAy or any part Ihereol
<br /> i. H�:ard In�uranc�.Borrower shall keep the improvements now exfsting or hereaNer erected on the Property inaured
<br /> ; ayalnst IoAe by 11re,hezerde lncluded within Ihe term"extended coverage".and such other hezards es Lender may reqwre
<br /> And fn euch amounts end for suCh perfods as Lender mey requue;provided,thet Lender shall not reqwre that Ihe amount ol
<br /> such cove�epe exceed that amount o1 coverege requlred to pay the aums secured by thla Oeed ol Trust.
<br /> t Thfs inaurance carrler provfding the inaurence ahall be chosen by Borrower sub�ect to approval by Lender:provided.thet
<br /> � euch approvel shall not be unreasonably whhheld.All premiums on insurance policfes ahall be pu�d�n the manner prov�ded
<br /> � under paraqraph 2 hereof or,it not pald In such manner,by Borrower mak�ng payment,when due,duectly fo the maurnnc�
<br /> , cerrle�.
<br /> � � All fnsurance polfcles and renewals thereof shall be fn lorm accepte0ie to Londer and ahall�nclude a s�andard moAgage
<br /> I clause�n favor ol end In}orm acceptable to Lender.Lender shall have the nght to hold the policies and renewals thereol,and
<br /> � i 9orrowerahellpromptlyfurnfshtoLenderallrenewalnoticesandallreceiptsofpaidpremfums.Intheeventollosa.8orrower
<br /> ! shell yive prompt notice to the�nsurance carrler and Lender.Lender mey meke prool of loss U not mede promptly by Borrower
<br /> , � Unleas Lender and Borrower otherwise agree In wrlting,insurance praceeds shall be opplied to restoraUOn or repa�r ol the
<br /> f Property dameped,provided such reatoratlon or repalr Is economicelly leasible end Ihe securfty ot th�s Deed of Truat is not
<br /> thereby Impa�red.If 9uch restoratfon or repalr Is not economlcally leasible or�f the secunty ot thia Deed ol Trust would be
<br /> j �mpaired,lhe insurance proceeds ahall be applfed to the sums secured by th�s Oeed ol Trust,w�th the excess,�I any.pa�d to
<br /> Borrower If the Property Is abendoned by Borrower,or II Borrower tails to respond to Lender wlthin 30 deys Irom Ihe dete
<br /> notlCe Is mellxd by Lender to Borrower that the insurance carner oHers to settle a claim lor msurance beneflts,Lender�s
<br /> authorized to collect end apply lhe insurance proceeds at Lender's option either to restorat�on or repnir ot the Property or to
<br /> Ihe eums secured by thfs Deed of Trust.
<br /> �� ' Unlees Lender and Borrower otherwise agree fn wrlting,eny such application ol proceeds to pnncipal shell not extend ur
<br /> pqdpono the due date ot the monthly�natallments relerred to fn paragraplis 1 and 2 hereof or chanpe ihe amount ot such
<br /> I inelallmenlb-11 under paragreph 19 hereof the Properry Is acquired by Lender.all ngh1.litle and interest ol Borrower�n and to
<br /> any�nnuronce pollcies and In and to the proceeds thereof resultfng from damage to the Property pnor to ihe sale or acquiadion
<br /> , � shall paas to Londer to the extent ol the suma secured by thls Oeed ot Trust�mmed�ately pnor to such sale or acquisltion
<br /> 6. Pnprvatlon�nd Mdnt�nanc�of Prop�Ny;Laa�eholds;Condo►nlnlums;Planned Unll D�vNopmanls.Borrower aho11
<br /> kaep the Prope►ty�n good repafr end shell not commlt waste or permit impairment ot deterioratlon of the Property and shell
<br /> comply w�th lhe provislons ol any lease il this Deed of Trust is on a leasehold.II th�s Deed ol Trust is on a unit m a condomirnum
<br /> ��� or a planned unit developmenf.Borrower shall perform all of Borrower's obligations under the dec!arnt�on or covenants
<br /> creatlng or goverrnng Ihe condominium or plenned unit development,the by-iaws and regulatipns ol the condomm�um or
<br /> �'`� plenned urnt development,and constftuent documents.N a condommwm or plenned unit deveiopment nder is excuted by
<br /> ��i Horrower nnd recorded logether with thls Oeed o1 Trust,the Covenants and agreements of such nder shall be incorporeted
<br /> I Into and Khnll amend nnd supplement the covenants and agreements of this Deed of Trust as if the nder were a pe�t hereol
<br /> , � 1 7. Probatlon ol LMd�r'�S�cu�lhr•�f Borrowdr falls to perform the covenents and agreements contained m thls Deed of
<br /> �;� Trust.or�1 nny ncl�on or proceeding Is commenced with matennuy aflects Lender's�nterust in the Property.including but nol
<br /> limited lo.om�nent domp�n,�nsolvency,codo enlorGement,or orrangements or proceedings�nvolv�ng a bankrupt or decedo��t
<br /> ��{ then Lender nt Londer's opt�on,upon nodce to Borrower,may make sucn appearances,d�sburse such sums a��d I�ke su�h
<br /> .� oclionnaieiv�coeei�rytoprotactLender'sinterest.includmg butnollimltedto,disbursementofreasonablealtorneysfeesand
<br /> unt►y upon Il�e Propo�ty tu mnke repavs.II Lender requiredmoNgage insurance as a condit�on ol makmg the loan secured by
<br /> the Deed ol Truet.Borrower shell pey lhe premfums requ�red to ma�ntafn such msurance�n effect untd such t�me as thi•
<br /> reqwroment for euch�nsuronce terminafes�n accordance with 6orrower's and Lender's wntten agreement ur applicalbe IAw
<br /> � Borrower xhall p+�y Ihu runount of nll mortgage fnsuranCe permiums in the manner prov�ded under peragraph 2 hereof
<br /> Any nmuunli d�ebursed by Lender p�rsuantTto^�h�s paragraph 7,�w I�FI'��^�pBS��n`pBntAO�,hphpl�mShl aVfll@f1I19U h
<br /> �' �ndebtedneb�c1►HOrrower seeu�e*u'vy ii�i5 voo..��•���•.�•••����-=..--.._.-..--- - - - -
<br /> umounln rha�t bo payablo upon notice trom lender to Borrower requestmg payment hereot,and shall bear interest from fhe
<br /> '' dute ol dieburaemenl nl thn ri�te pnyeble Irom time to t�me on uutatanding pnncfpal under the Note unless payment ol�nterest
<br /> At such r01e would be trn�trnry ta oppl�cable law,in which evert such amounts shail bear mlerest At Ihe liighesl r:�IN
<br /> :� �i��nmsd�bin under appl�cebld lew Noth�ng contamed m this paragreph 7 shall reqwre Lender to incur any expense or teke Rny
<br /> wctiW�h��reundnr
<br /> � �, In�p�ellon.Lender mny mnka or c��use to be made reason.�hir enlnes upOn;1nq mspeCtions ot the P•ope�tv.c�rov��1���1
<br /> i Ihat l��ndx�Rh�UI qrvo H�itrowei�iot�co pnor to any such�nsper.t�on specdymg�esasonab�e cause lherelure related to Lende��.
<br /> t inlx��+xt�n thw Pa��eity
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