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<br /> UNIPORM COVENANTS. Dorrawor m�d Lonclor covonant nnd nqroo o� iollows
<br /> 9. Poy��iont aP t�rincipcl oi9d Intcroot. l3orra�vor clinll pronipdy pny when duo thn princi�nl of nnd Intnrosc on tho
<br /> Indobtadnoss ovl�oncocl by thu Noto,prapoymont nnd lato cliarpon os provldoU In tho Noto,nnd tho principnl ol and inlorost "
<br /> on ony i'uturo Advanr,as Ancurod by tho Dood ol Trust,
<br /> 2. FunA�for Taxoe end(n�uronce. Sub�oct to appIicablo Iow or ta n wrilton wnf�or by Londor,iiorro�vor shali pay to
<br /> Landcr on lhu dny r�tunthfy instalimonts ol princlpal and Intoroat aro pny�blo undor tfm Nnt�,unUl Iha Noto is poid in fuli,a
<br /> sum(lierein"Funds")oqual to ono-twolith of tho yonrly taxos and a�sossmonts which moy attain prfority over this Duud of
<br /> T�ust,e+�d pround rants on tho Pro arty,It nny,plus one-twelith of yoorly promi�im Installmonts for hezard Insuranco,plus
<br /> ono•twallth of yearly prem(um InstnPimonts for mortpoga Insurpnco,If nny,oll ns racsonably estirt�atod initlolly and trom tima
<br /> to timo by Lendcr an tf�o�osis of nssessments nnd bills and roasonublo ostimotc�s theroot.
<br /> I�10 YUt109 tillUll LU I��iU if�wt niSiiiuii�ii iim�ojiGo�o Gi�tI44V1I11\J V�'•':~�:t��:�:f1�L'tCS�CT aL'n�n��nt��t h�Fmtt+Inl nI GfAt(!
<br /> ofloncy (inctudfng Londer II Londor Is such un Institutlonl. Lender shnll opply tho tunds to poy aeid tox�s. essossmonts,
<br /> insuronco promlums and pround rents. Londot may not ch�rflo fqr so holJlnq and npplyln(�the Funds, nnolyzlnp snid nccount
<br /> or vorifying nnd compiling snfd assoasmonts nnd bflls,unlass Londor poys Borrowor internst on tha Funds ond appllceblo lew
<br /> pormits Lender to mnko such o char{�e. Bor�owor and Lendor mny agroe In writ(ng at tho timo of exocutlon ot thfs Deed ot
<br /> Trust lhat Interttst on[ito Funds shall Uo pefd to Borrower,vnd unless sucli opraamont is mada or appllcablo law requlrns such
<br /> Interest to 6o pnid,Londer shall not be roquirod to pny Borrowar nny Interost or oarnings on tho Funds. Landor shnll glve to
<br /> dorrowar,without charge,an ennupl accounting of the Funds showlnp credlts and debits to the Funds end tho purpose for
<br /> wl�icli ancti dcsbit to tho Funds was mede. The Funds are pledged as raddltiona!security for tho sums socured by this Dasd
<br /> o(Trust.
<br /> It tho amount of the lunds hetd by Londor,together with[ho future monthly Installments of Funds payable prlor to tho
<br /> due dntes ai tnxes,assessmAnts,Insurance premlums and ground rents,shall exceed tho amount.raquired to pay said taxes,
<br /> essessments, insurance premiums end ground rents as they fell due,such excoss shall bo, at BOrrower's option, oithnr
<br /> promptly repaid to Borrower or credited to Borrower on manthly installmonts uf Funds. If the amount ot the Funds hefd by
<br /> Lender shell nat be suflicient to pay taxos,assessments insurancQ premiums and ground rents as thoy fall due, Borrower
<br /> shall pay to Lendar eny emouni necessary to make up the doficlency within 30 days from the dete notica fs mailed by Lender
<br /> to Borrower requesNnp peyment thereot.
<br /> Upon payment in full o(all sums secured by th{s Daad ot 1'rust,Londor shall promptly rctund to Barrower eny Funcis held
<br /> 6y Lunder. If under parograph 18 hereot the Property Is sold or tho Property Is otherwlse acquired by Lender, Lender shall
<br /> epply, no later than immadlntely p►lor to the sele of the Proporty or lts acqulsition by Lender,and Funds hald by Lender at
<br /> the timo of apntication es a credit agalnst the sums secured by this Deod of Trust.
<br /> 3. Appflcatlon of Peyments. Unless eppliceble lew providos otherwiso, pll peymen[s recelved by Lender under the Noto
<br /> nnd paragrephs 1 end 2 hereoi shall be applfed by Lender flrst fn payment of amounts payable to Lender by Borrower under
<br /> paragraph 2 hereof,then to(nterest payable on the Note,then to tho principal of the Note,and then to Interest and principal
<br /> on any Future Advances.
<br /> 4. Chac�ea;ltens. Borrowors ahall pey alI toxes assossments end other chergos, fines end imposlttans nttributebla to
<br /> the Praperty, which may attain a prlority over thls beed oi Trust, a�d leasehold peyments or ground rents, if any, In tha
<br /> manner prov�ded under parpgroph 2 hereot or,II not peld In such mannor,by Borrowor making payment, whnn due,dlrectly
<br /> to tho poyee thereof. Borrower shell promptly turnlsh to Londer nll notices of amounts duo under thls paragraph,and In the
<br /> .ovent Borrower shall make paymant diroctly, Borrower shall promptly(urnish to Lender receipts ovidencing such paVments.
<br /> Borrower shall promptly dlschc�r e any Ifen which lies priority over this Dosd ot Trust; provided, that Borrower shall not be
<br /> requlrod to dischargo eny such�lan so long es Barrower shell agroe in wrlting to the payment of the obNgotion securod by
<br /> such Ilen In a manner acceptable to Lender,or shall in pood teith contest such Ilen by,or dofond entorcament of suCh lion
<br /> in,Ie al procoedin�s whlch aperate to prevent tho enfoicemont ot the Ifon or(orfeiture o1 the P�oparty or any port thereof.
<br /> �. Ha:ard Insuranco. Horrower stiell koep the fmprovemonts now oxlsting o�heraatter erncted on the Property Insured
<br /> aqatnst loss by flre, hazards Included wlthin tho term 'extended coverage" nnd such othar hazerds as Lender may raqufre
<br /> end in such amounts end for such por(ods as Londer may raqulre;provlded, thAt Lendnr shell not requfro thet the emount of
<br /> such covernge exceed that emount of covorage requlred to pey tho sums securad by this Deed of Trust.
<br /> This insurence cerrier providing the Insurance shall 6e ct�osen by Borrower sublect to ep�roval by Lendor;provlded.that
<br /> such opprovat shall not 6e unreasonabty wlthhetd. All premiums on insurance poticles shal be pald in the manner provlded
<br /> under paragrnph 2 herQnf or,It not,peld ln such mennor,by Borrowar making peyment,whan due,directly to the Insurence
<br /> carrtor.
<br /> Alt Insuronco poli�;les an�renowels thoraot shall bo In torm accoptablo to Lander ond shall fncluda o stendard mortgepe
<br /> clnuso In fovor a(ond In lorm nccoptablo to Londor. Londor sholl havn tho riflht to t►old the poltclos and ronowalo thorcol,
<br /> nnd Dorrower shatl promptly furnisli to Lendor�Il renewel naticos and oll�ecoipts af pald prem(ums. tn the evant of loss,
<br /> 8orrower shall fl(ve prompt notico to the Insuranco corrlor nnd Londer. Londor moy mako proof of toss if not made promptly
<br /> Dy Borrower.
<br /> Unless Lendor And Borrower otherwlsa aproo fn wrltfnp,Insura�ic�procueds shall be applled to rasturetfon or repelr of
<br /> ¢he Property dameped, provlded such restoratlon or ropelr is eaonomlcnlly (easiblo and the securlty oi this Dead of Trust Is
<br /> not thereby Impalred. 11 such rostorntlon or rnpnlr Is not oconomlcally foasibto or if the socurlty ot thls Deed of Trust woutd
<br /> be Impelre�,tho fnsuranco proceeds 6hall be epplled to the sums socurod by thls Deed of Trust,wlth the oxcess,if any,peld
<br /> to Burrower. If the Proparty is ebandoned by Borrower,or ff Borrower fails to respond to Lendor withln 30 days(rom the
<br /> dete notice Is molled by Lendor fo Borrowor that tha Insuranco carrlet otfers to settlo a clalm for Insuranco bon�ftts,Londcr
<br /> Is authorized to collect end epply the Insuronce procoeds at Lendor's optlan nithet to rsstoratlon or rapelr of the Property'or
<br /> to the sums secu�ed by thts Doed at Trust.
<br /> Unloss Lendor and Borrowor ocherwlse nflreo In writing,nny such applicntion af proceeds to ptinc�pnl shell not oxtend
<br /> or postpone tha due date of the monthly Instollments re(erred to in pnragrephs 1 end 2 hereot or chnnge thQ emount of such
<br /> instafimen�s. ir under paragrapn i 8 i�erenf tf�a Pruperly is dcyuire�uy Lcnder,aii right,ililE and tnterast af Bnrrovrcr in artd
<br /> to any insurence poltcles end In end to tho proceQds thareof resutting from damage to the Property prior to the snle or
<br /> ecquisftlon shell pess to Lender to the extent of the sums secured by thfs Deed of Trust Immedlatety prlor to such spte or
<br /> ecqulsitlon.
<br /> 6. Preservetion nnd Mdntenence of Proporty;Leesohalds;Condominlums;!'Iennad Unit Dovelopmonts. Borrower shall
<br /> keep the Property In good repefr end sh�ll not commit woste or permlt Impalrment of deterioratfon of tho Property end shall
<br /> comply with the provislons of ony leaso I� this Deed of Trust is on a leesehold. If this Daed of Trust ts on a unit fn a
<br /> condominfum or o plenned unit dovelopment,Borrower shall pertorm all of Borrower's obligotfons under tho decleratton or
<br /> covenants creoting or govQrninp the condomintum or ptanned unit developmont, the bylews and regulatlons o( the
<br /> condominium or ptannod unit development,end constituont documents. It a condnminfum or planned unit•devetopmont rider
<br /> is oxecuted by Borrowor nnd recordvd together with thls Deed of Trust,tho cuvonnnts nnd ogreements of such ridet shvll
<br /> bo Incarporoted fnto and shatl amerd and supplement tho cover+tmts and agrQements of thfs Deed ol Trust as If the rlder were
<br /> a port hereof.
<br /> 7. Protoctlon of LondoYS Socurlty. II F3orruwer fuils to partonn tho covonants and a0roemants eontutrted in•Mfa Daod
<br /> of Trust,or f(pny 0ction or proceoding Is commonced which moterially a(fects Londor's interctst In tho Property including
<br /> but not limited to,eminent domoin,insolvency,code entorcement,or urrunpamonts or procaedfngs involving a bankrupt or
<br /> docedont,thon Londer at Londor's option,upon notice to Borrowar,may make sucli appoeronces,dfsburse such sums end
<br /> take such octlon as Is nocessory to protoct Londor's intcsrest, fncludfng, but not Ilrnitod to, disbursemont of ronsonablo
<br /> ettorney's tQtss and entry upon thQ Property ta make repefrs. It Lender raqufrod mortpogo insurenco es a conditfon of makinp
<br /> tho loon seaued by th�Doed of Trust,Borrower shatl poy tho promiums reyuired to maintain such Insurenc4 in otfact unt�l
<br /> such tlmo os tho requlremont(or such tnsuranco terminatos In accardanco wlth Borrowor's and Lendor's wrltton ogreemont
<br />� or appllceble Iaw. Borrowor shall pay the omount of oll mortgage Insurance prQmlums In tho mnrntor providnd under
<br />, parpgreph 2 horaof.
<br /> Any omounts U�sbursad by �onuar pursuont to tnis porograpn 7, wfth Intorost tharoon, shall bocomo eddit(onnl
<br />; Indabtednoss ot gorrowar secured by this Doed of Trust. Unloss Borrower end Lendnr egreo to Qthor t�rms at ppyment,such
<br />! amounts shall be paynble upon notico trom Londor to Borrower roquesting puyment herQOt, ond sholl boar Intorost trom tho —
<br />; dato ot dlsbursoment at the rate payattlo from time to tlmo on outstnnding prin�Ippl under tha Note untess peyment ot Interost
<br /> et such rate w�uld bo contrery to appllcablo law, in whtch evont such amounts shall beer intorest et thp hltihest retQ -
<br /> permisslble under applicable law. Nuthinp contained in thls par�graph 7 shell require Londor to incur ony expense or tako
<br /> any uction hereunder.
<br /> 8. Inspoctlon. Lendsr may mekv or cause to be made reasonebin entries upon And inspoctions of tho Property,provided
<br /> that Lender shall pive Borrower notice prior to eny such inspectfon speci(ying reosonabla cAUSe theroforo rolated to Londer's =
<br /> interest in the Proporty. -
<br /> 9. Condomnetlon. The procoads of any award or claim for damApos, diract or consequential in connectlon with eny
<br /> candemnotion or othar tokinfl o}the Property,or part thereof,or for conveyanco in lieu ot condomnat�an,erv hereby assigned
<br /> ond shall be pald to Londer.
<br /> CC 1083 181861 2
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