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<br /> UNIFOR�1A COVENANfS.Borrower ar,d Lender covenuni snd eyreo a�fd{ow�: � ���'
<br /> 1. Pr�mw�t of Princlpal�+�d Int�rra�t.Barrow�r ahall�romP�Y Pa►Y w�wn dua th�principu!�nd int�test irxiebt�irwas
<br /> �vidsnce�!by th�Not�and l�to Ghtrg�e�aa provid�d i�tha Not�.
<br /> 2, Fu�Mr Tiuc���ntl(nwt��+.Subject to appllcable taw or a wrilta�waivcN by Lender,&xrowor shAll pay W Lender -
<br /> pn tho d�y monih(y payrrwnts of princlpal�nd Intersat ara payabte una�r the Note,unNl the Note t�pakf In tull,a sum(heroln
<br /> pund�')oywl to anv-riwlnh ot tho yoariy ta�ces luyd e�3sessments(Includlny condaminlum and planewd unit devetopment
<br /> �. �
<br /> e,ssesen»nts,II�ny)wh�ch may Atu�tn pricrtty over thle f3a�d of Trust,and pround renW on the Property,i�a��y,plua o�•twelRh
<br /> of ysarty premlum inatatlments far hiva�d tnsurance,plus onatwslHh ot yoarly�xemium Instaitments tor mortyage t�surance,
<br /> it any.�Il as roaso+tiabFY wUmat�d MitJatty and ham tima W tkna by l.andsr on the basb of assassnw�s pnd W!!�and re�sc�r►abla
<br /> estim�s thereat,Borra++var slull not bi obJlqated to make such payment9 of Fund3 W Lender ta the extent thax Borrowet m8laos
<br /> �uCh ppytrwnta W tiw Ftiplder o}a pri�r�swrtae�e or doed of tsusS it SuCh t�:�r is an it�.:2ituticna!lender
<br /> If Borrowu paye Fur,ds 10 Lender,lhe Fur�ahall be hald U an insiltutbn the depos(ts cu accouMs ot wh�h are Insu�ed
<br /> or puarenteed by a Feder�l0r�►u e►qencY(includin�L.ende�ft Lena}er Is suah 8n institutbn).Lender sh�t11 i�ppiy tt�e Fur�
<br /> to paY said taxos.assesameNs.insutanco pramlums and ground renW.Lender may not charqe ku so holding and aPP�Y��
<br /> ttw Funds,anafYzinp�ald accou�t or verifyirty and compiUr�sald asaessmer►Ls anti bil�s,unleas Le►�der pays Borrower InierQSt
<br /> o�the Funds and appitcable law pe�mits Lender to make such a charQe.Borrowar and Lender may agree in writing at the tims
<br /> ot execution of this Deed of T�ust that intarest on tho Funds sFudl be paid to Borrower.and u�lesa such agreament is made or
<br /> applicable law requkes such interesc to be patd,Lender shail not be requlred W pay Bortow�er an}►i�ts�est or eamt�on ths
<br /> Funds.Lender shall give to Borrower,without char�e,en a�nual aCCOUnting W tha Funds showing credits and debi�s to tha _
<br /> Funds end the pucpose tor whfch each debit W the Funds was made.The Funds ere pled�ed as edditional securiry br the sums
<br /> secured by this Dead ot Trust.
<br /> li the amount olMe Funds held by Lender,tagethet with the tuturo monthly I�staUments of Funds papable pria LQthe due
<br /> dates of taxes.assassment9,instvznce Precniurres end ground re+tts, shail ewceed the artwunt requirecf Lo pay satd taxes,
<br /> assassmerrtsr insur�nCe P�a�niurns ac�d Br'a+nc3 r�s�as MeY fall cfc�sud'i ew,�ess shel{b�at Borrower's o�lirsa,either P�Y
<br /> repaid to Barrower or credited to Borrcwrer on moMh�r irtstaifinen�ts of Func�H Me amoun�cif the Fcu�s hefc�by�e�sd4r�haft
<br /> na ee s�li;cir�into pay t�es.assessqnenr.�„insura�nce cxemiums and g�+ama r�ascl�ayr�lr.c,�ue,s«roMwa s�e�t pay w I.s3,�der
<br /> 3ny a�noctr�ceecessau�r to m�ke up n►e�cis�ictertcv�n.ane«more paymersi��s G.Art�ber n��;i►�ec�.�re:
<br /> uP�PaY�nt irs fttlE of all soims sec.'u.red[�y+litlu Ueed of T�ust.Lender sft�ll�pron►pt�y��0�Bar.��cuaaa c�y Funds hefd
<br /> �gr L6nd6r.li under par2igrapP►tT L1e�en6t1!�e Frcp6n:�/Ir�;01d ot the PrOpertyl iS othetwtSe acQc�rec:bY Le�cie+',4.snd6r Shell apply.
<br /> no fater thait immediately pciar�tRe,�:J'e af ti'x�RrctpertY or its acqa'�sition E�y Lender.ar�y�F�rtds held by l.ender at the time
<br /> c�ap�lic3ti�n'3s a cnedit mgainst the sums secttt�il L�y this Qeed.06 Trust.
<br /> 3, A�1Gqtion cf P�g{eTMrtb.Unless applicable law provides otherwise.aU payme�ts receivad by I.�ender u�der the Nof�e
<br /> and parag�aphs 1 and 2 he�eoF shall be applied by lender first in payment of amounts payable W Lsnder by Bortow�er ur�da�
<br /> par8grnph 2 hereof,then to interest payable on the Note,and then W the pNncipal of the Note.
<br /> 4. Prior�lorty�s u�d DMds of Ttust:Char�pcs�Ltens,Bortow�er shall pertorm aIl of Bonower's obUgatbns under any
<br /> mortQaQe.deed ot trust or other security a9reemeM with a Uen which has ptbr(ry ovot this Deed of Trust.includir�q 9ottower's
<br /> corrsnanes w nwke pa►yments wh�n aua e«mwsr anau pay or cause a bs paw.0 taz�s.a.�s�rn�r�b.»a otMr cha�,flnra
<br /> and impoa�lons aunbut�bis to the Proporty which may attaw�a priority arot ttds Deed of 1Fust.and ka�NtoW p�yrn�Ms or Qnou��d
<br /> �ie M w�...��.wu.ne� iL�r.rw�wr�f►wu IrMO th�imorarae�ants now�xIWf10 O�hK�atflr�tACt�d 0�1 ttM Pf�OpKty Iflsuf�d
<br /> apsin�t loes by fin,ha:ands inciudAd witnin the t6rm"eftteitd�d COwr3Qe':atid iuCA 0lher h02�a a1!.al�er rtuiy►equlro
<br /> and in au�h amour�s and for wch perlods as Lerxler msy�equira •
<br /> The inaurance caniar providing the insurance shalf by chosen by Berrower subJec:t to appnav�l by Lsndet;ptovided.that
<br /> such apprava!shaU�ot be unraaso�ably withheld.All inswance pdicles and rer�ewals thereof shall be in a torm acceptabia
<br /> to Lsnder and ahaU tncluda a starrdard mortgage clause in tavor ol and(n a form acceptable to Lender.Lsrtider sha11 hav�e the
<br /> right to hoid tTie pdicie�erxf ronewais thereof.subjeci W the tsrms ot anY mortga9e�deed o�trus!os Wher security a�teement
<br /> wah a lien whk:h has prlority ov�er this Deed of Trust.
<br /> tn the ev�snt d bas,BoROw�shall�nre prompt notice to the insurarx;e carder and Lender.Lender may maice proot of foss
<br /> il oot m8de promPdy bY 8orto�t
<br /> If the Property is abandoned by Borr�ow�er,or if Borrower tails w respond W Lender within 30 days from the date notioe is
<br /> mefied by Lender to Borrowet thet the irtsu�anoe caRier ofiers W settle a claim tor ir►swance beneRts,Lender is authorixed
<br /> . tocolfectandapAtythein,suranoeprooeedsatLsnder'soptioneithertoreslorationorrepai�afthePropertyorto�hssutnssecuted
<br /> by this Dsed d Trust.
<br /> �. Pnwevatlon and Wlnbnanc�of PropMrty�L�sN�ofds:CondotnlNumi;Plantf�d Unit D�OO�N�ls.Borr�w�er
<br /> � shall kse�the Property in Qood repalr and shall not commit wasie or permit impai�trtie�t or deteriotation W the Ptoporty and
<br /> sh�l{coR+ply with the pravisbns of any lease if this Deed of Trust is on a leasehold.lt this Deed ot Trust is on a unit tn a
<br /> candominwm or a planned unit development.Borr�owre�shall pe►form all of Bonower's obligations under the deciaration ar
<br /> oawnar�a creatJny or govetni�g the oondominiurn or ptaru�ed tuut deu�iopme�t,U're bydavrs atxl negu�ati0r�s af the condomir�Nxrt
<br /> or planned unft devefopmeM,and consiituent docurt�er►ts.
<br /> 7. Protactlon o1 L�nd�r's S�eu�ity.If Borrower fails to perForm the covenants and agreemants contatned In thls Deed
<br /> of Tn�st.or if any action or procesding is commenced which materially affects Lend�r's int�ast in the Pro�erty�tt�e�Letider,
<br /> at I.,enaer's opaon.upon notice to e«rower,may malcs sucr,appeara�,ces,dlsburse si,cn sums.inctuding reasor�able atlomeys'
<br /> tees.and taks wch action as Is nec�ssary to proted L.ender's iMerest.(}Lender requtred matflage insurancs as a oor�ditbn
<br /> otmalclr�7 the{oan secwad bythis Deed o!Tr.:st.Borrow�shaU pay tha premiums req��ired ta maiMafn such insuranca In effect
<br /> �wkll sixd'�Wne as tha requlnemet�for wch it�uenoe terminafes in eocadence with Bor�owef's and I.srx�er's wM�et►aQreemerlt
<br /> q applicat�ls Isvw
<br /> My arnou�►ta disbursed by Lender pursuant W thls paragraph 7.with int�rest ti�eon,at the Note rate,ahall beoome
<br /> aaa�o��,aeaed�e�eaeorrowerse�,reabyaagn�aartisc.ur,ieeseor�a�a��r«man��or�.y��e�,s.
<br /> sucA anwunts shall be payable upon natioe trom Lender to Borrower re4uestin9 PaYment thereof.Nothlr►�contai�ed i�this
<br /> paragraph 7 shall raqulre Lender to incur any expense or take any action hereunder.
<br /> S, ttap�cllon.Lender may maira or cause to be made reasonable enWes upon and Inspectians W the Property,Provided
<br />.= that Lender shatl ghre Borrower ao�r.e priot to anY such insp�eai4s'►specif�riny reasonabie causs therefor related to Lender's
<br /> iruetest in the Property.
<br />= 9. Condfmnatkm.The proceeds of any award or ctaim fcr dama5�s,direct or consequential,in connectian wEtfi any
<br />- condemnation o�other taking�f the Property.or part thereof,crfa conveyance in Ileu a�ccxuJemnation�are herehy�ned
<br /> and shaI!f;e paid W Lender,subJec�W the terms of any mort�.deed of trust or other s�curity aqreemest4 with a.IIEn wt�ich
<br />- 4ias Frio�siy u+�thls Ueeci ot Trust.
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