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<br /> ° ;� UNIFORM COVENANTB.Borrower�nd L�nder covenont and apns�s Wllowr. �'�`°`"_-;`�r>�=.:=:
<br /> • 1, papn�nl ol P�{o�elpd �nd Ief�rMl. Bor►ower ehell promptly pay when due the pri�cipel of and fntereat on the
<br /> Ind�bl�dM�swld�nc�dbyth�Not�,prepsymmtand late charQeaas provided in the Nnto,and the pdncipal of and fMerest on �- -•-• - -- �
<br /> any�utun Advanc�s seaund by ths Desd o1 Tru�L ,:--=-..��,. ^,v,,
<br /> . '� Z. Funds torTaz�atltl Insur�nt�.Sub ect to eppliceble lew or to a wrfhen weiver by�en�er,8o�rower ahall pay to Lender �.c�:��:=== `- _
<br /> ,• " � onth�doymonthlylnshllmsnbolprincip���ndlntereatArspay�blsu�dertheNote,untfltheNoteiapaidfnfull,asum(hereln .`;�-,�.;�.-v�== -
<br /> "Fund�")equ�l to on�-tweifth ol lh�yarl y axet�nd otesaments which may attain priorfry over thie Deed of Trust,and !�•*��-:��`�=`�"'_=-
<br /> � �� proundrenbonthePropeAy.11eny,plusone-twelflhof y�erlypremiumin�t�llmentsforhazardinaurance,plusone-tweltthof ' •l�f"t'-"
<br /> ya�►ly prAmlum In�tallmenb for moRp�ps Imurance,11 eny,oll ae reaaonebly o�tlmated IniNolly and from time to tima by � -- - --
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<br /> _ --- -- I.enAer en fhe Ff[�el�of�e��ents entfl�ille�ruf►��nsble M+Nmata tt�uool. . ;'?''�',``;, ..-�:
<br /> Th�Fundssh�ll bs hsld In an in�tltutlon the d�poalt�oraccounts o1 which are insured orguaranteed,by a Federal or atete � • . - .
<br /> • apenay(includinp Lender If Lendsr Is woh an ImUtudon�. Lender shatl apply the funds to pey said taxea,aaaeaaments,
<br /> � InwraneepramiumsAnd�roundrents.LendermaynotehargeforeoholdlnpandapplyingtheFunde,anelyzMqeaideccount � -a:�,-.
<br /> � or veritylnp o�d compllfnp eeid aeseasmentsand billa unlesa Lender pays Borrower fnterest o�the Funds and applfcable law � ' � �
<br /> '+� � � p�rmltsLendertomekeeuohach�rqe.8or�owe►and�endermayagreelnwrftlngelthetimeofexecutionofthlsDeedofTrust .. ,.., ... .. _. ,
<br /> •� � fhat fntere�t on the Funds ehall be pald to Botrower,and unlass auch apreement is mede or applicalbe law requires such
<br /> Interea!to be pald,Lender ehal!not be requlred to pey 8orr�we►any Intereat or earninga on the Funds.Lender shall yive to
<br /> ,. + # Borrower,without oherge,en annual accountin�of the Funds ahowing credlts end de5fts to ihe Funds and the purpose tor
<br /> . . which each d�bitto theFunds wes made.TM Fund�ere pledged�s aQdilfonal security lor the�ums secured by thi�Deed of = �• �•
<br /> � True4
<br /> ' 1 If the amou�t ot the lunds held by Lender,toqether with tho futur�monthly Instellmenta ot Funds payable prior to the due �.,,:;�.,. �.�::
<br /> detes of mxes,auesemsnta,I�aurance premlume and ground�enis,ahell exceed the amount requlred to pey sald tnxes, ,���_
<br /> � assesamenta,fnsurence premiuma end graund renls as they fell due,such excess shall be,at Horrower's aptlon,elther ��•°:=�-
<br /> � promptly repaid to Banower or credited Fo 8o►rower on monthly Installmenta ol Funda.If the amount ot the Funds held by �' �'" �"�"
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<br /> Lender shell not beaulficlent to pay texee,essesaments,ineurance premiums and ground renta ae they fatl due.Bo��ower ahall ;�.,�:...,.....
<br /> � pay to Lender eny amount nece�eary to make up the deflciency wlthin 30 days(�om the dete notice is meiled by Lender to �� • � •�-�U'���
<br /> • � Borrower requeadnp peyment thereof.
<br /> Upo�payment In full of ell aums aecured by thia Deed of Truat,Lender ahall promptly relund to Borrower eny Funds held by �
<br /> • Lender.Ilu�derparaqrephl8hereoltheProperty IsaoldortheProperty IsotherwisoacquiredbyLender,Lendorshallapply, • ? •�
<br /> • � no leter than immedletety p�for tathe sale of fhe Property or its ec ufaitfon by Lander,and Funda held by Lenderat the time of — `" `°
<br /> application ae e credlt a�elnst the euma secured by this Deed of�ruaL �' �
<br /> 3. Appllc�tbn oi Pa�n�n h.Unless epplicahle lew pravides othervvlae,all payments received by Lender under the Note k
<br /> and peragrephs 1 and 2hereof ehell be applled by Lender firot In payment of amounta payable to Lender by Borrawer under E _ _
<br /> peregreph 2 hereol,thon to interest peyebleon the Note,Men to the p�incipal of the Note,and then to interest and principal on [ -
<br /> any Future Advancea. � —
<br /> • �.Ch�r�M;LNn�.Borrowe�eshallpey alltexes,assesamentaendothercherges,llneaandimpoaftionsattributablolotho f �
<br /> � Property whfch mey attein a priaity ovqr this Oeed of Trust,end leasehold peymenta or ground rents,if any,In the manner .��'
<br /> _ - -- providecl under�agraph 2 hareof or,lf nol pefd fn suah manner,by Borrower mekfng peyment,when due,directly to the _ _ �__
<br /> 1 pa ee thereol.Botrower aheNl prom d furnieh to Lender ell nopces ot amounta due under this paregreph,and in the event
<br /> 1 Boirower ehall make payment dlrepctly,Borrower ahall promptly turniah to Lender receipts evidencing such payments. �- . �;`
<br /> Borrower ahall promptly dlscherge any Ilen which has priorfty over thla Deed ot Trusk provlded,thet Borrower shell not be , yt
<br /> . � required to dlacheroe any auch lien eo long ea Borrower shell epree ln writing to the peymentof theobllgation secured by such � —
<br /> Ilen in a menner eccepfable to Lender,or shell in yood falih cante�t auch Iien by,w defend eniorcement ol such Ifen In,leyal i ;��;_—
<br /> � proceedinps which operate to prevent the enforcement ot the Nen or IorfeNure of the Property or any paA thereof. �
<br /> 8. Ha�d(nwranc�.8orrower ehell keep the Improvements now exlating or hereafter erecled on the Property insu►ed � �.
<br /> . ageinet loss by Hre,hezerds included within Ihe term'extended coverage",and such other hazards as Lender may►equlre =
<br /> and In auch amounts and for such periods as Lender maY require•provided,thet Lender shall not require that the amount of f "'S'.�. ; _
<br /> auch coverage exceed that amount of coverage required to pay tf�e sums aecured by thia Deed of Truat : y
<br /> This inaurence carrier providing the Inaurance ef�ll be chosen by Borrower sub�ect to epproval by Lender;provided,that . ..
<br /> auch epproval shell not be unreaeonebly withheld.All premiuma on insurance policlea ahall be paid in the manner provided ,
<br /> under parap�aph 2 hereof or,if not pefd In such menner,by 8o�rower makiny pnyment,when due,directly to the inaurance �
<br /> ' ' �rAll Insurance policfes and renewals thereof shall be in lorm accepteble to Lender and shall mc lude a standArd mortgage � .•'�
<br /> � clause fn lgvor of and In form accepteble to Lender.Lender shall heve the right to hold the policiea and renewals thereof,and =
<br /> 8orrower ahall promptly furnieh to Lender all renewel noticea and all receipts of pald premiuma.In the event of loss.Borrower
<br /> ehall give prompt noHceto the Inaurance carrler and Lender.Lender may meke proof of loss if not made promptly by Borrower. _
<br /> " Unleas Lender and Borrowerotherwise ayree In writing,insurance�roceeda shall be applled to restoration or repefr of the • --
<br /> �� Property damaped,provided auch restoretion or repair fs economica ly feasible and the securlty of this Deed of Truat Is not -_
<br /> • � ,. thereby impalred.If auch reatoraUon or repelr fs not economlcally feasible or If the security of ihis Oeed of Trust would be
<br /> impaired,the insurence proceeds ahall be applied to the aums secured by thls Deed of Trust,wlth the excess,if any,paid to , '
<br /> 8or�ower.If the Property ia ebendoned by B o rrower,or II Barower fails to respond to Lender withln 30 days irom Ihe dete �• . --
<br /> notice is mailed by Lender to Borrower that the Insurance carrler oHers to settle a clafm for inaurence benelits,Lender is �
<br /> euthorfzed to collect and apply the fnsurence proc e e ds et Len der's op tlon ellhe�to reatoratlon or r e pair ot the Pro pe rt y or to , ,
<br /> the aums eecured by thls Deed ol Trust. �
<br /> Unlesa Lender end Borrower otherwlse agree In wrtting,any such applicatfon of proceeds to principal shall not extend or
<br /> postpone the due dete of the monthly installmenta reterred to in parapraphs 1 and 2 hereol or change the amount of such "::�r�'�
<br /> Inatallments.If under paragraph 18 hereof the Property Is ecqulred by Lender,ali nght,tltle and Interest of Borrower In and to '�
<br /> any Inaurance pollcfes and In and to the proceeds fhereol resulting from damage to the Property prlorto the sale or acquisition
<br /> " ahell paas to Lender to Me extent of the suma secured by thla Deed ot Trust immedfately prlor to such sale or acqulsitlon.
<br /> 8. P�h�rvallon and Malnl�n�nc�of Prop�rty;L�as�holdr,Condominlumr,Planned Unit O�r�lopm�nb.Borrower shall
<br /> keep the Property In good repair and shell not commit waste or permlt impalrment of deterloration of the Property and shatl
<br /> comply wlth the provlsians oT any leese If this Deed of Truat is on e leasehold.lf this Deed of Trust is on a unit in a condomfnium
<br /> or a planned unft development.Borrower ahell pe►lorm all ol 8orrower's obllgatfons under the declaration or covenants �
<br /> � creatlng or gove�ning the condomfnfum or plenned unit development,tho by-lawa and regulatlons of the condominlum or
<br /> � ; planned unft devetopment,and constltuent documents.If a condaminlum or plenned unit development►ider fa excuted by
<br /> Borrower and recorded together with thls Deed of Trust the covenenls and agreements of such rider shall be fncorporated
<br /> into end shall amend and supplement the covenants and agreements of thfs Deed ol Trust as ff the rlder were a part hereof.
<br /> 7. Protocdon ot L�nd�r's S�curfty.If 6orrower lafls to peAorm the covenents end agreements contafned in this Deed of
<br /> Trusf,or II eny ectlon or proceeding Is commenced with materlally aHects Lender'a interest In the Prope►ry,Including but not
<br /> Ilmfted to,eminentdomeln,Insolvency,codeenlorcement,or arrangementa or proceedings involvfng a bankruptor decedent,
<br /> then Lender at Lender's option,upon notice to Borrower,may make such r�ppearances,dlsburse such sums and fake such
<br /> ectioneslanecessarytoprotectLender'sinterest,fncludmg,butnotlim�tedto,disbursementofreasonableattorney'sleesnnd
<br /> . ontry upon the Propertyto makerepairs.lf Lender requlred rnortgage insurance as a cond�tion ol making the loan secured by
<br /> ' the Deed oi Trust Borrower shall pey the premlums required to malntain sucli insurance in eltect untll such tfine as the
<br /> requlrernent lor such insurenceterminates fn ecCOrdencewith Borrower's and Lender's written agreement or applicalbe law.
<br /> _ ..�..0......a.......+......s....e..o.mhimn in Ih�a mannwr nrnvidatl unriwr naranranh 9 harwnf .
<br /> OYiiVNQi Oitaii )uIO o�v�i�i���u��..w.•yuy�. ..w�..�.......�.......�..._.. _ _ . ' ' -- . - .
<br /> ' Any amoun�s dlabursed by Lender pursuant to thla paragraph 7, with inferest lhereon, shall become addrt�onal
<br /> Indebtednesa ol8orrower secured by thfs Deed of Trust.Unloas Borrower and Lender agree to other terms of payment,suCh
<br /> amounts ahall be payable upon notice trom Lender to Borrower roquestmg paymRnt hereot,end shell bear interest Irom the
<br /> I deteoldlabursementatlheralepayablelromtlmetotlmeonoutstandingpnncipalundertheNoteunlesspaymentof�nterest
<br /> at such rete would be contrary to ap�licable law.In whfch event such amounts shall bear mterest at the highest rate
<br /> permis8fble underappllCable law.Noth ng Contafned in lhfs paragrAph 7 shell require Lenderto Incur eny expense or toke any
<br /> � actlon hereunder
<br /> � 8. In�p�ellon.Lendar may rnake or cause lo ba mede reasonable entrit�s upon and inspections of the Property,prov�ded
<br /> thet Lender shell glve Borrower notfce priorto any such�nspeclion spec�fymg reasonable causetherelore related to Lender's
<br /> ' Interest In the Property.
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