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<br /> � ,. � : 92— so�iA�
<br /> UNIFORM COVENANT3.8orrower end Lender covenant and ayr�e as followa: ---
<br /> 1, p�ynMnl 01 p�InaipN and IntKMI.8orrower shall promptly pay when due the principel ol and fe�tereft on the !_-' ',__:r�_
<br /> • Indebtednessev�d�nc�dbyUwNote,prepa mentandlatacharyesasprovidedintheNoto,endthepnnclpalolandlnto�e�ton - -
<br /> ' Any future Advances�ecu�ed by the�01 Truet. -.---
<br /> , Z. Fund�lorTwNM�dlinunnc�•SublecttoappliceblelawortoewrlttenwalverbyLende�,BorrowershallpaytoLenda� �_._
<br /> on the dey manthly insnllmena ofp rinclpel snd intorestera payable uoder the Note,until the Note is pald in lull,a sum(harefn
<br /> "Funds"►oqual to one•twelflh al the yeerly taxes end aseeasments whlch may attefn prfority ovor this Deed of Trust,and e:,�_�= _A� ._
<br /> pround renb on ths Proporty,if any,plus one-twalith ofyearly premium Inatallments for haza�d msurance,plus one-twelfth of C{, �- - -
<br /> yearly p�emlum ImDallmsnb lor mortpage Insu�ance,li eny,all as reeeonebly estimated fnitielly and(�om tMne to time by
<br /> lendar on the buis ot aaseasrrwnri end bllls and reaaoneble esdmates thereof.
<br /> The Fundsahell beheld In en Inedtutlon the daposlts or accounta of which are insured or guarenteed,by a Federal or alete
<br /> egency(inaludinq Lendar If Lendsr i�such an instituGon).Lender ahell epply th�epf�ngs to pay seid taxea,esaessments, _
<br /> InsurancepremiumsandyroundrenWLen�e►maynotchergeforsohddina anda I in theFunda,analyzlnpeaideccount
<br /> or veriylnp and compllinp sald ateesements and bills unless Lender pa1ra Borrower interest on the Funds end appI�able lew
<br /> 1 pe rmita Lender to makesuch a charge.Borrower and tender mey agreein wridng at the time of execution of Mia D�ed of Truat �,
<br /> that Intereat on the Funds ehall be peid to 8orrower,and unleas such egreement is mede or applicelbe law requkes such __ __
<br /> Interest to bs pald,Lender shall not be required to pay Borrowe►any Interest or eBrninge on the Funds.Lender shell give to __ _ _ -
<br /> eorrower,withouf cherge� ,an am�ns�l eccountfny��i the fu�de ahqwing c�edlta and deblts to the Funds and thepu rpoatf lor _ _
<br /> which each dabit to theFunda was rnpde.Tho Funds are pledged aa additionel aecurily for the aums secured by this Deed of
<br /> � Trulf the amount of the funde held by Lende►,to�ether wlth the futur�9�thly�nstellments ot Funds peYeble prfor to Me due �_
<br /> dates of taxei,assea�mente,ineurance premiuma end ground rent�,shall exceed the amaunt requlred to pey eald texes, _
<br /> easesaments,insuranae premiuma and ground renta a4 they fall due,such excess shell be,al Borrower's apUon.either . .
<br /> p�omptly repaid to Borrower or credlted to Borrower on monthly fnstallmenta of Funda.If the emount of the Funds held by
<br /> , LenderehatlnotbesuHlclenttupaytexes,assessments,Maurancepremlumsandgroundrentsastheyfelldue.Bo►rowerehell �,-_�� � __
<br /> pay to lender anY amount neceasery to meke up the deffciency within 30 days irom the dete notice la malled by Lender to ^
<br /> Borrower requesdn�paYment lhereoL ' :�,.""
<br /> , Upon paymeM in lull of all sums secu�ed by this Deed of Truet,Lendershell promptly retund to Borrower any Funds held by ;-=;t �,_,,,::-
<br /> � Lender.If unde�paragraph 1B hereot the Prope�i�►fa sold or the PropeAY Is otherwise acqui�ed by Lender,Lender shall apply. .�:
<br /> � no later then immedfetely prb�lo the aele of the Propertyor its acquisllfon by Lender,and Funda held by Lender atthe time ol ,. ,�,���,•:_,•__
<br /> �,�:=.x �,.�..�
<br /> . � � application as a credit ayalnst the suma eecured by this Deed of TrueL •• �
<br /> • ; 3. Applicatlon o1 ParnMnb.Unlees epplicable lawp�ovfdes otherwise,all payments recefved by Lender under the Note �
<br /> � and paregrepha 18nd 2-hereol ahell be applied by Lender Ilrst in payment of amounts payable to Lender by fbr�ower under
<br /> paragraph 2 hereof,then to Interost payable on the Note,then to theprincipal of the Note,and then to interest and principal on � �• •':ri':°��:`
<br /> any Future Advancea. , � �°�
<br /> ,, CMr�p;LN��.Bor�owers shell pey all texea,asaessmentsand other charges,Nnea end impositlons atlrfbuteble b the ' ��;
<br /> Property which may ettain e ptlorf�y over ihis Oeed of Trust,and leasehold pnymenls or ground renls,if eny,fn the menner �
<br /> provided under perepraph 2 hereoi or,if not paid in such menner,by Borrower making eyment,when due,directly to the
<br /> payee thereof.Borrower shall promptly furniah to Lender ell notices of emounta due u�er this pa�agreph,and in the event
<br /> g�n�wer shell meke peyment dlrectly, 8orrower shetl promptly furnlsh to Lender recelpts evidencfng such peyments.
<br /> p dlecher e en iien which hes prwrity ovar ihls Deed at 7rus�prouided,fhat 9orrower AhnO not be �'
<br /> B o r r o w e r s h a l l r o m p t l y 9 Y �
<br /> Ile In�e menne heccep�ble to Lend re�or aha11 8 n 9 od leith cont e st suc�h I�an by o defend tenfarcem�ent tol auch Il e n n y%pel . .r;•.
<br /> proceedings which operate to prevent the en lorcemen t o f t he lien or l o�tellure ot the Pro p e r t y or any part thereof. �
<br /> S. Huard In�uranc�.Borrower ahall keep the fmprovements now exisltng or hereaNer erected on the Property inoured
<br /> against loae by fire,hazards i�cluded withln the tetm"extended coverege",and such other hazards as Lender may require
<br /> and in such amounta and fo�such perlods as Lender may require:provided,that Lender shall not requi►e that the amount of �}�
<br /> such covarape exceed thet amount af coverepe required to pay the aums secured by thla Deed of 7rusl �,
<br /> i This insure�ce carrfer provfdi�g Ihe Inaurence ahell be chosen by 8orrower subJect to a�proval by Lender;provlded,that �
<br /> such approvel ahell not be unreasonebly wlthheld.All premiuma on Insurance poltclea aha I be paid In ihe menner provided ,
<br /> under pareqraph 2 hereof or,il not paid in such manner,by Borrawer mekiny payment,when dua,duectly to the fnsurance t
<br /> carrler.
<br /> All Inaurance pollafea and renewals thereol shall be in form accepteble to Lender end shall include a standard mortgege
<br /> clause fn lavor of a�d In form accepteble to Lend�r.lender shell heve the rfght to hold the pollcies and renewels thereof,and
<br /> Borrower shell promptly lurnishto Lenderall renewal noticesend all receiptsof pafd premiums.ln theeventol loss.Borrower
<br /> shell give p►ompt notke totho inaurence cer�Ier and Lender.Lender mey make proof ot loss N not mede promptly by Borrower.
<br /> UnlessLenderandBorrowerotherwlseagreeinwrNing,lnauranceproceAdsshallbeapplfedtorestoretfonorrepafrolthe
<br /> Praperly damaged.{xovlded such rettoratfon or repair Is economlcelly feaslble and the securfhr of th�s Oeed of Trust ia not
<br /> thereby Impel�ed.lf such reatoratlon or repair is not economlcalty feesible or Il the security of ihis Deed of Truat would be
<br /> fmpeired,the insurance proceeds ehell be epplled to the sums secured by this Deed ot Truat,with the excesa,if any,pe�d to
<br /> Borrower.II the Property le abendoned by 8orrower,or Ii Borrower fafls to respond to Lender wlthln 30 days from the date
<br /> notice Is melled by Lender to Bo��ower that the insu�ance cerrler oHers to setlle a claim for insu�ance benetits,Lender is
<br /> aulhorfzed to collect end opply the Insurence proceeds at Lender's optlon e�lher to reatoration or repair o1 the Properly or to
<br /> the sums seCUred by thfa Deed of Trusl
<br /> Unleas Lender and Borrower otherwlse agree in wriling,any suchapplicatlan of proceeds to principel shell notextend or
<br /> postpone the due dete o1 the monthly inatallments referred to�n paregraphs t and 2 hereof or change the amount o1 auch
<br /> inatellmenta.If under peragraph 18 hereol the Property Is acquired by Lender,all nght,t111e and interest of Borrower in and to
<br /> anyinsurancepollciesandfnandtotheproceedathereofresultingfromdamagetothePropertyprio�tothesaleoracqulaition
<br /> shall pass to Lender to the extent ol lhe suma secured by thls Deed ol Trust immediately pnor to such sale or acquisltfon.
<br /> 6. PnurvaHon�nd Mdndn�nc�of PropKly;L�a�holdr,Condominlum�;Pl�nn�d U�N DwNoam�nt�.Borrower shall
<br /> keep 1he Property in good repelr end shell not commft waste or permit impalrment ot detenoratfon oi the Property and shell
<br /> �+,�j comply withtheprovlsionsofanyleaseilthisDeedofTruslisonaleasehold.NthisDeedofTrustisonaunftinacondomirnum
<br /> or a planned unit developmenl. Barrower shall pe�form all of Borrower's obligatlons under the declarat�on or covenents
<br /> creeting or gov6rninp the condominfum or plenned u�rt development,the by-laws and regulaUO�s ol the condom�nwm ur
<br /> { plenned unli development,and conatftuent documents.If a condominium or planned urnt deve�opment nder is excuted by
<br /> I 8orrower and recorded tagether wlth thfs Oeed ol Trust,the covenants and egreements ot such rider shall be mcorporated
<br /> i Into and ahall amend and supplement the covenants and agreements of Ihis deed of Trusl es�t the nder were A pert hereof.
<br /> 7. Prot�ellon of L�od�r's S�cudty.H Borrower fads to perform the covenants and agrHements coMained in Ihis Deed ol
<br /> Truat,or if any action orproceedmg is commenced with matgnally aftects Lender's�nteresl m the Property.includmg but not
<br /> � limftedto,eminentdomain,lnsolvency.codeenlorcement.orarrangementaorproceedm9sinvolvingebankruptordecedent,
<br /> then Lender at LendePs aption,upon noUce to Rorrower,may make such appearances,dlsburse such sums and feke such
<br /> � actfonasisnecessarytoprotectLender'sfnterest,includmg,butnotlimitedto.dfsbursemenlofreasonebleatlorney'sleesand
<br /> entry upanlhePrope�tytomakerepairs.IfLenderrequiredmortgegemsu►anCeasaconditfonolmakingtheloansecuredby
<br /> � fhe Deed ot Trust,Borrower shall pey the premlums requued io memfain such msivanCe�n effect until such time as the
<br /> �equirementforsuchinsurencetermineteafnaccordancew�th8orrower'sandlender'swnttenagreementorapplicalbelaw
<br /> I BorrOwer shall pay 1he emount of ell mortgage insurance perm�ums m the manner prov�ded under paragraph 2 hereof.
<br /> Any amounts diebursed by Lender pursuant to this paragraph 7, with interest thereon, shall become add�tional
<br /> . . .. ___��_..�...�.�.......�1�..�h�a I�onr�nl Truat l lttlnss Borrawer and Lender agree t0 other terms o1 payment,suCh
<br /> � ��09o�ounaaav�w��v...,�.........�.._�....-^---
<br /> amount3 shell be peyable upon notice from Lender to Bvrrower requestmg payment hereot,A11C 311811 0@Af�nte�6st�rom inr
<br /> date of dlsbursemenl at the rate payablelrom time lo time on outstanding pnncipal under Ihe Nole w�tess paymenl ol interest
<br /> al such rale would be contrary to app�icable law,m wh�ch event such amounts shall bear�nterest at the h�ghesl ratP
<br /> I act on her�eunderr applfcablelaw.Nothfng co�tained m this paragraph 7 shall requae Lender to mcura�y expense or take any
<br /> � I g, In�p�ellon,lender mAy meke or ceuse to be mede reaso��nble enlnes upon and inspecLons o�the Prupe�ty.Urowded
<br /> I that Lender shall gwe Borrower notice pnor to any such�nspect�on spec��y�ng reason,�b�e c�usetherefo�e re4Ned to Lender s
<br /> s intere9l in the Propeiiy.
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