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<br /> , ��'•� •„ �, �� UNIFUHM COVENANl'$.Borrower an�i Lender covenent and ayrae as folbwe: �- --
<br /> 1. Pa�m�nl ot Pdnalpd snd Int�b Borrower shell prornplly pay when due Ihe pnncipal ol end Interest on the �"?�
<br /> N=�' indebtednasswldenced bythe Note,prepe mentand lote chorpeaas provided in the Note,and the principel of and Interest on --
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<br /> � � � , ony Future Advanaen ssaur e d by t he�o f Trua A
<br /> � • � Z. FundsforT�xa�nd Irnuanc�.8ub ectto appl�aeble law or to e wrilten waiver by Lender,Borrower ohall p6y to lender _ _
<br /> � _ --
<br /> onthedaymonlhlylnefollmenbol prinalpe�endUterestarepayableundertheNote,untutheNotelspaidinfull,eaum(herefn E� '�°'��-
<br /> - � "Funds")equal to ons-twelfth of ths ysarly texes and aeseeementa which may atteln prforily over this Deed o}Truat,and
<br /> � ' grau�d rente on the Property,if eny,plu4 one-twNlfh ofyearly premlum installmenta for hazard fneurance,plua one-twelfth of
<br /> yearly premlum In�teArnenle for mortpepe In�uraoce,ff any,ell as�easonably estlmeted initlally and Irom tlme to timo by _
<br /> � L�nder on the bs�ie of aesee�menta and bllls and reasonable eatlmatea thereot -
<br /> The Fund�ehall be held In an Inadtutlon the depoalts or accaunro ot whichere Inaured or guarenteed,by a Federal a atete
<br /> ' � epenoy(Maluding Lender If Lender Is auoh an institution).Lender shell apply the funds to pay aald taxes,asseasments, �•``.;:�-
<br />" '�. ' � fnsuranae premiume end pround rente.lender mey not ohargefor ao holding and epplying the Funde,enalyzing eaid eccounl _
<br /> . or veriyinp and complU�g sald aesesements and bllls unless Lender paye Borrower intereat on the Funds end eppllceble lew — -.-
<br /> ' • • permiteLendertomekesuchaaher�e.8onowerandLendermayeareelnwNdngatthedmeofexecuponotthfsDeedofT�ust �.',�_-�
<br /> � ,� � .. , that Interest an the Funds ehall be pald ta B orrower,en d un less euc h a�reemen t i s m ade or a pp8calbe law requirea such ;Q;.---
<br /> intereet to bepaId,Lender ehell not be requi�ed to pay Bo►rower any Interest or earninga on the Funds.Lender s hall pive to
<br /> 8onowor,wilhout cherge,an annual accounting of the Funds ahowing credlts and de6lts to the Funds and the purpoae lor _
<br /> ^ � - w h i a h e a c h d�b i t t o t h s F u n d s w a s n�d e.T h�F u n d a a�e p l e d p e d a s ad didonel cecuri H for the aum�secured b y this Deed of _
<br /> � . TrueL
<br /> II the emount o}the fund�held by Lendsr,topether wlth the luture monthly Inatellmenls ol Funds payable prfor to the due ; .. -
<br /> dates of t�xe�,es»wn�nb,inwnncs premium�and yround rents,ehell exceed the amount req ufred to pey aaid taxea, • . _
<br /> •• aass�mente,Insurence premfume end pround rena es they faU due,such axceae shell bs,et Bo�rower's optlon,eUher ,.�;,�w'�Y _
<br /> promptly rspaid to Borrow�r o►orsdlbd fo Borrower on monlhly InstaMmenb o1 Funde.II the emount ol the Funda held by •• ,:rn�
<br /> � Lender shall not b�suHlofsntto pay tsxes,a�eenmenb,lneurance premlumsand ground rents ae they lall due.Borrower ahall
<br /> , pay to Lender eny qmount nsaessery to m�k�up Ihe d�llatency within 30 daya from the date notics is�railed by Lender to
<br /> � Borrowar requasUnp payment thareol. � 'T'`'�
<br /> Upo�paym�nt(n lull of all suma seaured by this Deed of Truet,Lendershall promptly refund to Borrower e�y Funds held by .����� ,i�
<br /> � Lendu.ll unde►p�rs�raph 18 h�rsof the Property Is sold or ths Prope�y is otherwlae acqufred by Lender,Lender shall apply. '_�,fl�i�=
<br /> ° no IeNr than Immedlatoly prbr to the ale of the Piopertyor itsac uialtion by Londer,and Funda held by Lender atthe dme of f ...--
<br /> � ' ppplloetion a�a cndif apalnst the sums saaured by lhis Deed of�rust. � � �';•-��
<br /> 3. AppllcNbn ot Pa�m�nts.Unless app�iceble lew providea othorwlae,all peyments received by Lender under the Note
<br /> end parapraphs 1 and 2 hereof shell be eppfled by Lender firet in payment of emounta poyable to Lender by Borrower under ^•�';��`
<br /> ' peraDraph 2 horeo},thon to Intorest payablo on the Note,then to theprinclpal ot the Note,end then to interest and principal on � • .,_--
<br /> , eny Future Adva�cea. ' �-`•�
<br /> •� �/, ChKpN;LNnt.Borrowera ehall pay ell texes,essessments and other cherqes,linea and fmpositions atlrfbutable to the l ��b
<br /> PropeRy whlch msy ettaln a prlority ovor ihla Deed of Trust,end leaeehold peymenta or ground rents,if any,in the menner �
<br />_— ____ __ ______ provided under parupraph 2 hereoi or,If not pald In auch menner,by Borrower mekinp payment when due,direcpy to the i �
<br /> payee thereof.8orrower shell prompUy furnlsh to lender eii notices oi emounte due under ii�ie parug�eph,end{n iha avant ,
<br /> Borrower ehell meke peyment directly, Borrower ahell promptly furnlah to Lender receipta evidencing auch paymenta. T_.�{ ��`
<br /> Borrower shell promptly dlecher�e eny Iien which has prioriry over thia Deed ot Truax provided,lhat Borrower shell not 6e �i
<br /> required to dlecharyeany auch Ilen eo long as Borrower ahell apree in wrlting to the peyment of the obligetlon socured by such �f�
<br /> � ' Ifen in a ma��er accepMble to Lender,or ahell In�ood talth conteat such Ilen by,or defe►►d enforcement of auch lien In,leflal �+��
<br /> prxeedinga which operete to prevent 1he eniorcement ot the Ilen w forfeftu�e of the Property or any part Ihereol. .�.'- ;:__
<br /> 5. Mas��d In�urana�.Bor�ower shell keep the improvements now existfnp or he�eaRer erected on tha Property Insured � —
<br /> egelnet loas by lire,hezerdo Included withln the term"extended coveraqe",and such ather hezerds es lender may requlre � ;�'�� '�'
<br /> end In such emounte and far such perloda as Lender mey require•provided,lhat Lender shall not r ufre that the amount of �•
<br /> euch coverape exceed thet emouM of covereqe required to pay t�e suma secured by this Deed of�ruat. , •
<br /> Thls inaurancecerrler providing the ineurance aRall be chosen by 8orrowe�sub�ect to approvel by Lender;provfded,that �'�;
<br /> euch approval shell not be unreasonably withheld.All premiuma on inaura�ce policies ahall be paid in the manner provided
<br /> under pare�raph 2 hereof or,if not peld in such menner,by 8orrower mekinq payment,when due,directly to Ihe Insurance E �"'"'!'�' �'
<br /> i � �� cerrier. � �
<br /> A41 lnsu►ance policiea end renewals thereof shall be in brm accepteble to Lender end shall Include a standerd mortgage ( •
<br /> ',� " clauae in tevor of end in form accepteble to Lender.Lender shall have the right to hold the poBcles and renewals thereof,and ; _
<br /> Borrower ahall promptly furnieh to Lender all renewel noticesend all receiptaof peid premfuma.ln the event ol loss.8orrower
<br /> shall glve promp t noticeto the ineurance ce►rier and lender.Lender mey meke prool of loss If not made promptly by Borrower. � :�
<br /> i � I Unleas Lenderand Borrowerotherwfseaqree in writinp,insurance�roceeds ahell be appliedto restoratlon or repelr of the , '_
<br /> Prope►ty damaged,provided auch re�foretlon or repalr Is economica ly feaslble and the securlty ol this Deed of Trust is not ?l�
<br /> � , thereby impalred.If auoh reatoration or�epair Is�ot economlcelly feasible or i}the securfly ot fhla Deed of Truat would be .�
<br /> • Impalred,the inaurance proceeda ahell be applied to the sums secured by thls Oeed ot TruaL wlth the excess.If any,pafd to
<br /> IBorrower.If the Property is ebando�ed by 8orrower,or if Borrower}alls to respond to Lender within 30 deys I�om the dete : �••:;,
<br /> � not�e is malled by Lender to Borrower that the Insurence carrier oNers to settle a clefm lor Insurence benetits,Lender la
<br /> � authorized to collect end epply the insurence proceeds at l.ender's optlon elther to restoratlan or repair of the Property or to 1
<br /> the auma secured by this Deed ol Trus4
<br /> Unlesa Lenderend Borrower otherwiee agree In writing an such appNcatlon of proceeds to prfncipal shell nof exlend or
<br /> ostpone the due dete o1 the monthly fnatellments referre�lo n peregre ha 1 and 2 hereof or chenge the amount of auch � .�•�;;,':
<br /> � Pnatel:menls.If under peragreph 18 hereof the Property is ecqulred by Le der,all rfght,title and interesi of Borrower In and to �
<br /> j any Inaurance policies endin and to the proceeds thereof resulting Irom demage to the Property prforto the sale or acquisition � • •
<br /> shell peas to Lender to the extent of the sums secured by this Deed of Trust rmmediately prlor to such snle or ecqulaitlon.
<br /> ' I 8. PrN�rvdlon�nd MNnt�mnc�of Prop�rty;L��s�hold�;Condominlums;Planned Unll D�vNopm�nU.Borrower ahall
<br /> keep the Property In good repair end shall not commfl weste or permit Impalrment of deterloratlon o}the Property and shall
<br /> I comply with the provlalons ot any lease If thfa Deed ot Truat is on a leasehold.II thfs Deed of Trust�s on a unit in a condominium
<br /> or e planned unit development Borrower ahell perlorm all of Borrower's abligations under the declaratlon or covenanta
<br /> creallng orgo vernfng the condominium or plenned unit development,the byluws and regulatlona of the condominlum or
<br /> � � planned unfl development,and conatituent documents.If a condomfnlum or plenned unit development rider Is excuted by
<br /> � Borrower e�d recorded together wfth this Deed of Trust,the covenants and egreements of auch rider shalt be Incorporated
<br /> into end shall amend end supplement the covenants and agreements ol this Deed of Trust es it the rider were a part hereol.
<br /> 7. Protwcdon of Land�r'�S�cu�ity.If Borrower falls to perlorm the covenants and agreements conte�ned in thfs Deed of
<br /> • Trust,or II any action or proceeding is commenced wfth matenelly eHects Lender's mterest m the Property,including but not •
<br /> Ifmlted to,omine�tdomain,Insolvency,code enlorcement,or errangements or proceedings involving a benkrupt or decedent,
<br /> then Lender at Lender'e optfon,upon notfce to Borrower,may make such appearonces,disburse such sums and take such
<br /> ecllon ea Is neceasary to protect Lender's Interest,Includlng,but not Ifmfted to,diebursement of reasonable ottorney's fees and
<br /> � � entry upon the Property to make repelrs.II Lender requ�redmortgage insurance es a conditfon ol making Iho loan secured by
<br /> � , fhe Deed of Trust Borrower shell pey the premiums required to maintaln such fnsurance fn eMect untfl such time as the
<br /> requfrement lor such inaurence terminatea In accordence wlth Borrower's and Lendei's wrftlen a�reement or ap�llcalbe law.
<br /> . ��..0..,�.�,...,.�+.,....e........e....�...ne in Ihn mennnr nmuirlorl�m or naranranh haran} . .
<br /> � OVriYNfOi oiluii Y�u�v 011ivuin v�m.v.v..yuyv..wv.........p...................... ..._....-' "'-' --- ------ - -
<br /> ; Any amoun�a dlaburaed by Lender pursuant to this paregraph 7, wilh intere�t thereon, shall bocome additional
<br /> Indebtednese of Borrower aecured by this Deed ol Trust.Unless Borrower and lender agree to other terms ot payment,such
<br /> amounta ahall be peyeble upon notice lrom l.ender to Borrower requesling peyment hereol,and shali bear mlerest lrom the
<br /> ; dateofdlabursemeMattheratepayabletromUmeroumeonoutstandmg prinapalundertheNoteunlesspaymen1o1m1arasl -
<br /> � at such rate would be contrery 10 applfceble law,In which ovent such amaunts shall bear interest at ihe hfghest rete
<br /> � permlaslble underappllcable Inw.Nothfng cantained In thfs paregreph 7 shall requfre Lenderto Incureny expense or teke any
<br /> � I actlon hereunder.
<br /> 8. In�p�Cqon.Lender mey make or cause to be made reasonable onlnes upon nnd fnspoctions ol the Property,provlded
<br /> thet Lender shell glve Borrower notice prlor to eny such Inspect��n spec�lying reasonnbla cause therelore relAted(a Lender��
<br /> Interest In the Property.
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