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<br /> UNIFORM COVENANTS.Borrower end Lsnder covonoM and aqne a�followo: �•,--•_F_�
<br /> � Y � �'P �. P�y��d p��ipN+nd �niwNl. Borrower �hall promplly p�y when due the principal ol end Intereat on Iho ___
<br /> fnd�bt�dn�uevld�ncadbytheNot�,prsp� m�ntandlat�charpesp�providodl�thoNoto,andtheprinclpplol�ndlnte�oslon
<br /> � �• `" �ny FuNr�Adv�ncN s�aund b�th��of trust. �'�' "�•��
<br /> 1 � Z, FY1�dslotT�ltMandlnwlr�la�•8ub1�otlo�ppllc�blel�worloawrlttenwAiverbyLender,QorrowerehaMpeytolendor
<br /> onthe d�y monthly in�tallm�nb of prl�clpd�nd Int�n�t ars p�yeb��under the Nots,until the Note Is pald fn lull,�eum(hereln
<br /> "fund�"1�qu�l ro on�-Iwoitih ol tiw yoar�y taxea end e�eea�m�nt+whlch m�y attein prlorlty owr this Deed ol Truat,and �._ �� �
<br /> " proundannon�h�Propeny.11�ny,plu�ons-twdHhol ywrlypremlumin�tallmenhforheta�d�neurance,plueone-twal8hat �
<br /> •J a�rly pr�mlum Installmenf�lor moAq�O�Insur�nc�,ft�ny,all et re�eonebly o�tlmNed initlally ond Irom Ilme to tlmo by
<br /> 1_mder on 1M b�sls of�u�m�nb�n d bllls�nd rwson�bt�e�nmetn thoreot � _
<br /> Th�Fund�sh�ll be hNd In�n I��tltutlon th�dopo�lb a�ccounu o1 which are inaured o►gunranteed,by a Federal or atete
<br /> � a p�na y(��cludlnp L�nd�r II l�nder 1�such�n Institutlon).Lander shpll apply tho lund�to pay wid Iexes,aeaassments,
<br /> intur�nc�pnmlum��nd�round renb.L en d a m ay n o t c h e r y e t o r a o h o l d i n g e n d a p p ly f n p t h e F u n d�,anal yzi n p aeld eccount _
<br /> " orvsrllylnq and compllinp wid asseamanb and bllls unless Lender pays 8orrower inte�est on tha Funds endeppllceble lew _...
<br /> � permite Lender to meke suah e charpe.8orrower end�.endermay apree m wrlting at the time ol execution of thls Deecf of Trust
<br /> tMt interest o�the Funds ehall be paid to Borrower,and unleaa euch agreement fa made or appIfcalbe lew requirea such __
<br /> intere�t to be pald,Lender ehall not be requlred to pay Borrower eny i�tereat or earnln e on the Funds.Lende ahall yfve to
<br /> Borrowsr,without charge,an annual accounUnp ol the Funda ahowing credits and de�ita to Ihe Funda and the pu�poae for �__
<br /> whlch each debitto theFunds wes mada.Tho Fundo are pledqed as addltlonal securly for the aums securedby this Qeed o1
<br /> �TN6t.
<br /> Ii fhe amount of the funds held by Lender,topether wlth the luture monthly Inslallments ot Funds peyable pnor to the due �
<br /> dNss of texes,essa�emente�Insurence pramiums end 9round rents,ahall exceed the amount required to pay said fnxes,
<br /> ep omrp yee apid to�8onower or�cf editsdd to Bo rr ower on monihly InsteNmenta of Funds If�the emo nt of the F ueda helid b�r F�
<br /> � LendershellnotbeaufficienttopeyWxea,assesamenfs,Inaurancepremiumsand groundre�tsastheyfalldue.BoROwerahall r � .-'.,,
<br /> pey!o Lender any amount neceasery to make up the deficiency wflhin 30 deys irom the date notice Is mailed by Lender to ' "
<br /> Bonower requestinp peyment the�eof. •
<br /> Upon payment IMult of att sumssocured by thfs Deed ol Trust,lender ahall promptly refund to Borrower any Funds held by ���_--___ _.
<br /> Lender.lf underpa�egraph 19 hereof the PropeAy ia sold or the Prope�is otherwise acquired by Lender,Lender shall epply. �r:_-_�n�
<br /> �o later than immediately priorto the aelo olthe Property or ils acyuisit on by Lender,and Funds held by Lender atthe time of �y-=•--
<br /> a p p l i c a t i o n e s a c�e d i t a g a M a t t h e e ums secured b y thie Deed ot Trust --- �_�___
<br /> 3. AppUo�tlon ol P� �nu�b•Unless eppliceble lew provldes otherwfse,all payments rece iv e d by Len der un der t h e N o t e ��:_::��-
<br /> r N� _--- _
<br /> end peragrepha 1 and 2 hereol ahall be epplfed by Lender firat I�peyment ot amounts peyeble to Lender by Bo rrower under ,:
<br /> peragraph 2 hereof,thon to interest payable on the Note,ihen to the principal of the Note,and then to interest and principal on ,'�,--r,��_:
<br /> any FutureAdvancea. '"'"
<br /> 4. Ch�rqN;La�ns.Bo�rowers shall pey e�ll fexes,asseasments and other charges,linea end fmposltfons atlrl butable to the *
<br /> Properly which may aNaln e prloriy over this Deed of Trust,and leasehold payments or ground rents,if any,i�the menner • '���+�
<br /> p r o v i d e d under p are pre ph 2 here�i or,if not peid in such manner,by Borrower meking payment,when due,dfrectly lo the '.',�.:;;,
<br /> peyee thereof.Bo�rower ehell romptly lurni s h to Len der a l l n o t i c e s o l a m o u n t s d u e u n d e r t h i e p e r a g r e p h,a n d in th e event . �&;
<br /> — 8orruwer shail rrsakapa yttten�dfrsclly.Ebrr9wer ehall promptly fumiah to Lender receipts evldenc�ng auch payments. L s�,=.
<br /> Barower she l l promp t l y d isc h er ge an y Ilen which has priority over this Deetl ot 1 rusr.provided,ihei Borrvw�sr nhnll nat ba r— ��,.�;�
<br /> requfred to dfacherge any such Nen so bng es Borrower ahall agree in wrltfng to the paymentol the obligatfon aecured by such ! ... �
<br /> ,� Ilen in a manneracceptable to Lender,or shall In 9ood faith contest auch Ilen by,or defend enforcemeM ot such Ifen in,legel L �=
<br /> proceedinga which operate to prevent the enlorcement o(the Ilen or 1oAefture ot the Property or any paA the�eof. r , .
<br /> � 5. Ha:ard Insuwne�.Borrower ahall keepthe improvementsnow exlating or hereafler erected on the Property Insured �
<br /> ageinat losa by lire,hezards fncluded within the term'extended coverage",and such other haterds as Lender may requfre • ��•, ��
<br /> end in auch amouMa and lor such periods ea Lender mey requlre�provided,that Lender ahall not require thet the amount ol i• •,±�y �
<br /> auch coverage exceed thet amount of coverage required to pay t�e sums secured by this Deed of Trust. e ,;;.Y �
<br /> � Thia i�aurance cerrier provldiny the insurance shall be chosen by 8orrower subject to a�provel by Lender;provided,thet
<br /> auch approval ahall not be unreasonebly wlthheld.All premlums on insurance polfcles sha 1 be paid in the menner provided � �
<br /> � under paragraph 2 hereof or,N not pefd in such manner,by Borrower making paymenf,when due,dfrectly to the insurance ',�
<br /> cerrier.
<br /> ' ' All Insu�ance policies and renewals thereof shall be In form acceptable to Lender and shell Include a standard mortgage _
<br /> � � clauae In favor of and fn form eccepteble to Lender.Lender shell have the right to hold the pollciea and renewal sthereof,and ,
<br /> Bo�rower shall promptly lurnlsh to Lender ell renewal nollces and all recelpts of paid premiums.In the event ot loss.Borrower • -
<br /> �� ehall ylve promp t noflce to the fnsurence car�ler and Lender.Lender may make proof of loss If not made promptly by Borrower. ,
<br /> . { Unless Lender end Borrower otherwiseagree in wrlting,Insurance procaeds ahall be applied to restoration ar repair o1 the _
<br /> i Property dameged,provtded such reatoretlon or repafr Ia economically feaslble and the security ot th�s Deed of Truat is not
<br /> thereby impaIred.II such reatoration or repalr Is not economlcally teasfble or fl the aecurlty of Ihla Deed ol T�ust would be
<br /> Impalred,the insurance(xoceeds ahall be applfed to the sums aecured by thfs Deed o1 Trust,with the exceas,if any,pald to
<br /> Borrower.II the Property Is abandoned by Borrower,or If 8orrower fells to respond to Lender wlthin 30 deys Irom the dete
<br /> � notice is malled by Lende�to Borrower that the insurence carrier otters to setlle a clalm lor Insurance benellts.Lender Is �
<br /> authorized to collect and epply the insurence proceeds at Lender's optlon elther to restoration or repair of the Property or to
<br /> the aums secured by thia Deed ol TrUSG
<br /> Unless Lender end Borrower otherwlse agree In writing,eny such applicetion ot proceeds to prfncipal shel i nat extend or
<br /> postpone the due date ot the monthly Inatallments referred to in paragraphs 1 and 2 hereot or change the ernount of such .
<br /> • � Instellments.II under paragraph 18 hereof the Property is acquired by Lender,all right,title and interest of Borrvwer In and to
<br /> ' eny insurancepollcles and In end to the prxeeds thereof resulting from damage to the Property prlor to the sale or acquiaition
<br /> � ehall paas to Lender to the extent of Ihe sums secured by this Deed ot Trust immediately pnor to such sele o�acqulaition.
<br /> I 8.PnfKValton and IIANn1�n�nc�ol Propul�►:l�aaboldr,Condominlum�:Plann�d Unll D�v�lopm�nt�.Barower shall
<br /> keep the Property In good repeir end shall not commit wasle or permit impelrment ot detenoratfon of Ihe Property and shall
<br /> � complY wlth the provfsiona ol any lease i1 thfs Deed ol Trust is on a leasehold.If this Deed of Trust is on a unft ina condominium
<br /> � pr a planned unit development, Borrower shell perform all ol Borrower's oblfgations under the declaratfon or covenants
<br /> creatfng or governing the Condominfum or planned unit development,the by-laws and regulations of the condominium or
<br /> � • planned unit development,and constituent documents.If a condominwm or plenned unit development r�der �s excuted by
<br /> Borrower and recorded together with thls Deed ol Trust,the covenants and agreernents ot such nder shall be incorporated
<br /> Into and ahall amend and supplement the covenants and agreements of th�s Deed of Trust os if the nder were e pert hereof.
<br /> 7. Prot�Cdon ol L�nd�r'�S�eu�lt�r.It Bo�rower lails to perform the covenents and agreementa contamed �n this Deed ol
<br /> Trust,or It eny eCtfon orp�oCeedfng is commenced wdh matenally attects Lender's�nterest m the Property,mcludmg but not
<br /> Ilmited to,emine�f domefn,lnaolvency.code enlorcement,or arrangements or proceedmgs involving a bankrupt or decedent.
<br /> then Lender et Lender's optlon,upon notiCe to Borrower, may make such appearanCes.d�sburse such sums and take such
<br /> i eCtion as fa neceslery to ptotect lender's interest,lnclud�ng,but not Ilmited to,disbursement of reasonable attorney's lees and
<br /> entry upo�n the Prope►ty to make repaira.II Lender requ�redmortgnge msurance as a condition ol mak�ng theloan secured by
<br /> � Ihe Deed of Trust.Borrower shall pay Ihe premwms reqwred lo mointain such�nsuranc��n eHect untd such time as the
<br /> j requlrement tw such msurance terminates�n accordance with 9orrower's nnd Londer's wntten agreement or apPIicalbe lew
<br /> Borrower shall pay the amount ol all mo�tgage�nsuranCe permwms�n the manner pravided under paragraph 2 hereof
<br /> Anv amounts dlabureed by Lender pursuant to th�s Paragrnphu7.,w�th interQSt there>on, shall become add�t�onai
<br /> i .a�o...lo.en.uolnnlhnrfurmcnlnaomanf u�rM� _
<br /> i Indebiednessof8orroweraecureooymisveeou���uoiv�naaow•C.�..•�••••�----••--• ��--•--•
<br /> � amounts shell be payable upon not�ce Irom Landor to Bo�rower requFSl�ng pnyment hereot.nnd nhnn bea�m terest Irom Ihe
<br /> i dBteol dfbbursement nt the rate pnYeble frOm time to time on outsto�dmg pnnc�pal under the Note uniegs po�ment ol��iterest
<br /> � at suCh rete would be contrery to npp��c�ble law. �n wh�ch event such ;�mounls sh�ll bear �ntcre::1 �1 Ihe h�ghest rate
<br /> � permiss�bleundereppbcablelaw Nolhingcontamedinth�sp�+rngrtipn7shallrequnel��nderto�ncurnnyexpPns�ortnkenny
<br /> • action hereu�der.
<br /> i 8. In�plelbn.Lendar mey meke or cause to be m�de re:i9onnh�e enlnes upon anA inspecUuns ul Ihe F'�Ope�ty.prOnded
<br /> � thetLendershellgivBBorrowernot�cepr�orto.�r�ysuch�n;pe�ct�,,�,�������ly����lie'�y��r�.ibi,•r.wsNthi�rrtr,r��n,i�trdt��l��nd��i •�
<br /> j mterest�n the Property
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