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<br /> ' UNIFORM COVENANTS.Borrower end Lander covenant and agrae a�followe: �"��"'�' _
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<br /> 1, p�ym�nl ol Pdnalpd and Int�rnl. 8o►rower ahall promptly pay when due the principal ol and �nlerest on the �v � '', .
<br /> fndebtednessevldenCed by the Note,prepeyment end late charpeaas provided in the Note,and Ihe pnncipol ol and�nt�rQ�t un �:__.�
<br /> eny Future Advancea secured by the Deed of 7rua1. -�T•-_�_:T_:____
<br /> �. Fund�laT�utMandlnwpnfa�.3ublecttoapplicablelawortoawrlde�waivorbyLender,BorrowerehallpAytaLendor T ,t,,,.�on_--
<br /> � on fhe dey monthly fmWllmente of pNeclpal and intereetare payAble underthe Note,untRl the Note ia pald in lull,a eum(hereln ,:i._°�
<br /> "Funde")equal to ane-Mrelfth of the yearly texes and asseaaments which mey ettaln prlorlry over thls�eed ol Truat,and ���-•'-�'�_��"--._.--
<br /> yround rents on the Property,II any,plus one-twelith of yearty premium Instal l m e n t a t u r h o z a r d i n s u r n n c a,p l u e o n e 1 w e1Mh o� � -
<br /> yeady premium insfallments for mart�ap�insurance,If any, all as reasonably eitimated fnitlelly and Irom tlmo to tlmo by �
<br /> ' Londer on the baet�of esfesfmants and bills and reaaonable eatimetea thereof. , .
<br /> � The Funds ehell be held in an Inatilutlon the depoeits or eccounts of whlch erc ineured or gueranteed.by a Federal or atate i _
<br /> apency(inCluding Lende�if Lender Is tuch en instltution►.Lender ahall apply the lundR to pey said taxea,aseuesments,
<br /> f�surencepremlumsendgroundrents.Lendermeynolchergelorsoholdingandapplyln�lheFunds.anely:fnpeafdaccuunt ,
<br /> or verirylnq and compflinp eald aeaesements and 6111s unlese Lenderpays Borrower interest on the Funds and applfceble lew �
<br /> permita Le�der to meke such a cha�ge.8onower and tender mey ag�eein wriling at the time ol executlon ol thls Deed o1 Truet
<br /> thet Intereat on the Funda shell be peid to Borrower,and unless such agreement Is mede or appIfcalbe law requlrea auch
<br /> inlerest to be pald,Lender ahell not be required to pey Borrowe�any interestor earnlngs on the Funds.LenJer shell qwe to
<br /> Borrower,without cherge,an ennual accounting of the Funda showing credlts and debits to the Funda and the purpoae for
<br /> , which each debitto theFunda was made.The Funds are pledged as addltion0l seeurity for the aums secured by Ih1s Deed ol
<br /> I Truet. ; . •.
<br /> II the amount of the lunds held by I.ender,topether wlth Ihe luture monlhly installmenta ol Funds payable pnor to the due •-....
<br /> � detes of texe�,aaseesmenta,inauranee premiums and ground renta.sheU exceed the amount reqwred to pey sa�d toxes. �: : . �
<br /> aessssments,insurance premluma and ground renta as theY fall due,auch excesa shall be,at Borrower'e option,ellhe� 4� _��•
<br /> promptly repeld to Borrower or credited fo Borrowe�on monthly i�etellmenfs of Funds.II the amount ol the Funds hAld by
<br /> � Lendxr shall not be aufllcienl to pay taxes,esseasments,inaurance premiums and ground rents as they lall due.Borrower ehall
<br /> pay to Lender anY amount necessery to meke up the deflciency wilhin 30 deys Irom Ihe dete notice le mafled by Lender to
<br /> Borrower requesdng payment the�eot.
<br /> � Upon payment in lull of ell eums secured by thls Deed of Truet.Le�der ehall promptly refund to 8orrower eny Funda held by � '
<br /> � Lander.lf under paragraph 18 hereof the PropertY is sold orthe ProperN isotherwfse acqulred by Lender,Lender shall apply.
<br /> � no Iater then immediately prfor to the sele of fhe PropeAy or itsac uiait(on by Lender,and Funds held by Lender at the time ot
<br /> i �ppllcation ea e credlt apelnat the auma secured by this Deed of�rust. •�
<br /> 3. Applla�tlon ol P�rm�nls.Unlesa appliceble lew provldes otherwise,all paymenta recewed by Lender under the Note "; .
<br /> � and peregrephe 1 and 2 hereof ahell be appQed by Lender tirst In payment of amouMa peyable to Lender by Borrower under _
<br /> pera9reph 2 hereot,then to interest peyable on the Note,then to the principal ot the Note,and then to inlereat and prinapal on � '
<br /> ony Fulure Adva�cea. �
<br /> i 4. Ch�roa:L,i�n�•8orrowera shall pey ell taxes,asaessmentsand other chargas,Ifnes and fmposltfona attrlbutablo to Ihe
<br /> � P�opeAy whlch mey attein e prloriN over this Deed of Truet,and leasehald peyments or ground renta,If any.m the manner
<br /> � provided u�der paragraph 2 hereo�or,if not peld in such manner,by Horrower mekfng peyment,when due,direclly to the , ,
<br /> � payee thereof.Bor►ower ehell promptty furnieh to Lender all noticea o1 amounts due under this peregraph,and in Iho event ;��
<br /> Bprrower ahell make peyment directly,Bor►ower ahell promptly lurnfeh to Lende► recelpts evidencing such pa�ments.
<br /> re�qup ed to dliche►qe anysuch Ilen so long es 8orrower sheH ag�ee in writ�g ot the peyment ol the bligation ecured by such � ��
<br /> i Ifen 1�a manner accepteble to Lender,or ahall in good fafih contest euch Ilen by,or defend enforcement o1 such lien�n,laqal � �
<br /> � prxaedlnye which operate to prevent the enfo�cement ot Ihe lien or lorleilure of the Property or any part thereol. ,
<br /> S. H�:a�d In�u►�nc�.Borrower ehell keep the fmprovements nowexlating or heroafler erected on the Property msured
<br /> I epelnN lo�s by Ifre,hezerda Included within the term"extended coverage" and such other hezards as Lender mey requfre
<br /> and in such amounts and lor such perlods ea Lender may requi re;proviaed,that Lender shell not requlre that the amount ol .�
<br /> I such covarepe exaeed thet emount of coverage requlred to pey the auma secured by this Oeed of Trust.
<br /> Thleineurencecerrlerprovidingthefneurenceshallbechosenby BorrowersubJecttoapprovelby Lender;provided,that
<br /> euch approval shell not be unreasonably withheld.All premiums on Inaure�ce polloies ahall be paid in the manner prov�ded
<br /> � under pa�aqraph 2 hereof or,H not pald fn such manner,by Borrower making payment,when due,directly to tho fnaurance
<br /> i
<br /> carrler
<br /> i A111n�urence policles and renewals thereol shall be in lorm acceplable to I.ender ond shell include a standard mortgage
<br /> clauae In levor ol and in torm acceptable to Lender.Lenderahell have the:ight to hold the policiea and renewals thereof,and
<br /> Borrower ehall promptly turnlah to Lender all renewel notices and All recelpts of pald premfums.ln the event of loss.Borrower
<br /> �holl plve prompt notice to the insurance cerrler and lender.Lender may make proof of loss If not mede promptly by Borrower.
<br /> Unlsat Lender end 8orrower otherwiae agree In wrlting,insurance proceeds shall be appfled to restoration or repair ol the
<br /> Prope�ty demayed,provfded auch reatoratlon or repeir fs economicauy leaslble and the securfry ot thfs Deed of Trust Is not
<br /> Ihireby�mpelred.II auch reeloratlon or repair is not economically IeasiWe or if the aecurly ot ihls Deed of Trust would be
<br /> Impelred,the Insurencd proceeda ahell be applled to the surns secured by thls Deed of Trust,wflh the exceas,fl eny,peld to
<br /> 8or►ower.lf tha Properly Is abandoned by Borrower,or it Barrower fails lo reapond to Lender wlthin 30 days irom the date
<br /> notice le malled by Lender to 8orrower that the Inaurance carrler oHers to settle e claim tor insurence benefits,Lender�s
<br /> oulhorized to collect and epply the ineurance proceods at Lender's option elther ta restoratlon or repa�r ol the Property or to
<br /> ; the�uma aecured by this Deed of Truat.
<br /> Unlese Lender end Borrower otherwise agree in wrlting,any such applicetion ot proceeds to prfnclpal shell not extend or
<br /> po�tpone Iha due dete of the monthty inetallments relerred to In pnragraphs 1 and 2 hereof or change the amount o1 such
<br /> Initollmenta.II under paragroph 18 hereot the Property is acqulred by Lender,pll rlght,tltle end interest of Borrower in and to
<br /> a�y Ineurence poHclea and In and to the(xoceeds thereol reaulNng from demage to the Property prlor to the sale or acquiaition
<br /> ehrll pasa to Lender to fhe extent of the sums secured by Ihia Deed of Trust Immedfately pnor to such sale or acquisllion.
<br /> �; d, pnaKV�tlon�nd M�Int�n�oc�ot PropsNy;L��s�holdr,Condominlums;Plann�d Unit OwNopm�Ms.Borrower ahall
<br /> koep Ihe Property In good repalr and ahell not commit waste or perm�t impefrment ol deterlorAtion of the Property and ahall
<br /> � comply w�th Ihe provlelona ol ony lease if this Deed of Trust�s on a leaseho(d.lf this Deed of Trust is on a unft in e condommium
<br /> or a plenned unlf develoNment, Borrower ahell pe�form all of Borrower's obligetions under the declaretfon or covenants
<br /> creAl�ng or povern�ng ihe condominfum or planned unft development,the by-laws and regulations ot Ihe condominfum nr
<br /> plannnd�m�i development,and constltuent documents.If a condominium or planned unit dAVelopment rider is excuted by
<br /> Burtowr.�nnd retorded together wlth thia Deed ot Trust,the covenanta and agreements ot 8uch nder shall be InCOrporated
<br /> inlo ancf oh+�ll umend nnd supplement the covenants end egreomenia ol lhis deed of Trust a&il lhe rider were a part hereol.
<br /> 7, P�ot�cllon ol L�nd�r'�S�cu�lly.If Borrower}ails to pertorm the covenants and agreementa contamod m this Deed ol
<br /> Trust,r�r�I c�ny nclian ur prnceeding is commenced with materially ottects Lendor's interest In the Property,including but not
<br /> I�miled to,emfnenl dnmein,Insolvency.code enlorcement,or arrnngements or proceedings Involving a bankrupt or decedent.
<br /> then Lender el Lm�dec's oplion,upon notice to Borrower,mr�y rnake such appoarnnces,disburse suCh sums end take suct�
<br /> j acl�onneisnf��:c�ssuryloprotectLander'sfnleresl,includinp,butna111mltedto,disbursementotreasonablenttorney'sfeesand
<br /> � entryupon the F'roperty lu moka repairs.lt Lender requirenrtiortgage�nsurnnca as a condltion of mnking the loan secured by
<br /> Ihe Deed ul Truat.Rorrower sh�ill pey the premwms required lo m+untain such insurance In oHed until such tfine as the
<br /> I requlroment lor sucfi insurnnco termmates in accordancew Ilh Borrower's nnd Lender'�wrl8en ngreement or appIfcelbe lew
<br /> 1 8or�ower Nholl pNy Ihe�m�au�l al H�I mortgage insurance permwms�n the manner provlded under paragraph 2 hereof.
<br /> � Any nmouni9 d�ebursed by Londer pursuant to thls pnreg reph 7. with intereat thereon, shall becomp addiUonal
<br /> ...a_�.�.,�....i w.,..��.,o..���rwd hv this Deed ol Trust.Un less Borrower�nd Lender egree to olher terms of payment,such
<br /> nmounts ehe11 ba smyublu up�m niN�re Irom Lender to 8orrowor rQquesUng payln@flt h@fe01.Sil10 911A�I D@A�mtBr@SI trom ine
<br /> : dnle ul d�RGwsemenl al thd r,�W pnynble trom hme to tlme on outstandmgp nnr.ipal undor the Note unless payment of�ntorost
<br /> . al auch �nte wtwld bo crndrary tu npphcable law.�n wh�Ch event such amounts shall bear Interest at tho highest r�te
<br /> perm�as�ble unde�npp�u�++blu inw Nuth�ng contamed in thls perHgreph 7 shall requ�re Londer to InCUr any expens�or fake ariy
<br /> ' HCUO��horeundnr
<br /> �. In�p�Ctlon.LnnQm uiuY n►aki�or cteuse to be mede re8sonahie�ntnes upon and mspectwns of the Property.provided
<br /> thut Lei�de�shnit Ww��H„nnw,�,����lir�!pnor to any suCh inspNCtinn spec;�lymg rensonrible causetheretore relnted to Lender's
<br /> �nln�nst in th��Nn�p��rty
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