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<br /> .�� UNIFORM COVENANTB.8orrowar and Lender covenent and a�ree af lotlowe: ` �� ���� ---
<br /> � 1. P�yn1Mi ol PrinCip�) and IntKMI. 8o►rower shall promptly pey when due the principal ol a�d intereat on the --
<br /> Ind�bt�dna�evldencsdbythsNab,prepe mentae�dl�techarpesasprovldedlnthoNote,andtheprinolpelotandintsra�ton
<br /> aryy Futu�e Adv�nce�oeaured by ihe�of True�
<br /> � 2. FundNorT�xw�ndin�u►anc�.3ublecttoeppllceblelawortoawrftlenweiverbyLender,Bo►rowershellpeyroLender -„___ ..a.__.__
<br /> � w _ . ' on ths day montlYy in�tallmsnb ofprinalpal and Inter (
<br /> eatarepayableundertheNote,untAtheNoteispaldlnlull,weum hsreln �
<br /> � "Funds')equsl lo or�e-twelRh of the yearly texes end aseessmenta whioh may atlain prioriy over thh Deed of 7rust,and _�__...._
<br /> proundrsnfeonlhaProperty,ifany,plu�one•twelithofyeariypremiuminstellmentstorhezerdineu►ance,plueone-fwelflhof �_
<br /> . yea�ly pramlum InsWlmena for moKpape fnuxance,ff eny,all as reaeonebly esdmated Mitlelly and kom dme to tlma by ��-'"�
<br /> I.�nder on the bufs of aueasmsnu andbllls and rsasoneble eadmates thereof.
<br /> The Fund�ehdl be held In on fnstitudon the depoeils oreccounts of which are inaured orpuerwnteed,by a Federel or etate =_
<br /> � epency(i�cludinp Lender If Lender 1��uch an Inuitution).Lender ehall epply the funds to pey oaid texee,aeeesements,
<br /> • Insuranaepremlum�andproundrents.Lenderrnay notchergeforsoholdingandapplyingtheFunda,anelyzinpealdaccount __
<br /> + orveriyinpendcompNinpeeldeseeasmentsan d b l l ls un leas Len d e�paya B o►rowerintereatonihe Fundoandep p lioablelew �--�---
<br /> permltsLendermmakesuahacherpe.Borrowerand�endermaya0reeinwritin0atthetimeofexecutlonofthl�DeedolTruat ���`�"'�"!°--
<br /> t hat Interest on the Fund�ehall be pald to Borrower,end unless such agreement Is mede or appI ical b e law requ lres auc h - _---
<br /> • ' % Interesl to be aald,Lander shell not be required to pay Borrower any intereat or eamin0s on the Funds.Lender ehell pive to ��,�3��,,,t��-s.��.
<br /> � ' 8orrower,without char e,en ennual accountfnp of the Funds ehowing aredlte and de6ita to the Funds end the purpose lor ��+�•:%Y-.t'
<br /> ' whkh eaah deEltfo ths�unds was mede.The Funda are pled�ed as edditlonal�ecurityfor the aumf secu�ed by thfs Deed of ��' �-�°"��°-�`
<br /> • TIUBt s��r���s�u�-"
<br /> � If the amounlof the funds held by Lender,toyether wlth the future monthly installments of Funda payable prior to the due ..,.�-;_ "'
<br /> dates ot taxes.useumenis,ineurance premfuma and ground renffi,ahall exceed the amount required to pay seid texes, ��,.,;,,;�'��-°°-._,,,z.,�
<br /> � aesesamwnt�, inau�ance premiuma and pround renta ea they lall due,such eKCess shall be,et Borrower's option,eithe► :�.�---=: ___..
<br /> ' prompdy ropaid to Borrower or credUed Fo 8orrower on mon�hly Installmente of Funda.If the amount ot the Funds held by - �L-'""—
<br /> ' Lendershallnotbeaulticienttopeytexea,assesamenta,lnaurancepremiumsandg roundrentaaetheylalldue.6orrowerahell ` �'"�'`
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<br /> , pay to Lender any amount necesaery to meke up the de0ciency within 30 deye from the dete notice is mailed by Lender to � -
<br /> Borrower requestinppaymentthereof. '���'����v
<br /> Upon peyment in lull of all aums eeaured by thls Deed of Trust,Lender ahall promptly refund to9orrower any Funds held by � °�
<br /> Lender.Ifunderparapreph18hereof1hePrope►hrlasoldoriheProperlYlsotherwiseacquiredbyLender,Lenderahallapply, �%r-q�
<br /> no later then Immedlately prforto the eale of the property or Its ac uisit(on by lender,and Fundahetd by Lender at the time of -
<br /> i;f;• epplicetion aa acredlt a�oinat the aume aecured by this Deed ol�rust. ,''�'�
<br /> 3. Applloallon o1 Parm�nb.Unleee appllceble lawp�ovides otherwise,all paymente received by Lender under the Note � ..^��-
<br /> and peregrepha 1 end 2 hereof ehell be applled by Lender firat in payment of amounfs payable to Lender by 8orrower under --
<br /> ' pareg raph2hereof,thentolnterestpeyebleonlheNote,thenlolheprincipalottheNote,andthentolnterealandprincipalon � ��"'T""'�
<br /> any Future Adwncea � _ -
<br /> �1. Cb�rp�s;U�m.Borrowers ehell pay all texes,asaeasments and other cherges,fines and impositlons atlributable to the ` '' `-� _
<br /> PropeAy which may attain e priorlty over this Oeed ot Truaf,end leasehotd payments or ground rents,if any,in the manner I �
<br /> -- _ - _ provid� !�rwk+rparag►aQh 2 hereoi or.If not pald In such menner,by Borrower making payment,when que,directly to the _ �•;
<br /> l peyee thereof.Horrower shall promptly furniah to Lender all not�ea of amounts due under th�s paragraph,encl m the event ` a'=`i:•: -�
<br /> 1 Bonower shell meke payment dlrectly,Borrower shall promptly furnish to Lender recelpts evidencing such payments. ; • ,; `
<br /> Borrowe�ehellpromptly dlacherqe any flen wh�h hes prloriry over thia Deed ol Trust;provided,thnt Borrowe�she0 not be
<br /> requlredtodlscheryeanyauchliensolongasBorrowerahallagreeinwritfngtothepeymentoftheobligationsecuredbysuch ' ,•yx
<br /> Ifen in e mennerecceptable to Lender,or ahall in qood falth contest such Ilen by,or dolend en(orcemont of auch Iien in,leqal � '�"�: �
<br /> proceedinga wl�ich ope►ate to prevent the entorcement of the Ifen or fo�felture of the Property or any part thereof. F -'
<br /> 8. H��rd I�auane�.Borrower ehall keep the Improvements now existing o�hereeker e�ected on Ihe Property fnaured , . �
<br /> egalnst loa�by Are,hezards included within the term"extendud coverege",end such other hazerds as Lender mey►equlre
<br /> and in auch emounte and for auch perfods es Lender may requfre�provided,that Lender ahall not require thet the amount of � •,
<br /> such coverape exceed thet emount of coverage requl�ed to pay t�e aums aecured by thls Deed of Trust '
<br /> Thia ineurance cerrierprovidfng the inauranceahall bechosen by Borroweroub�ectto approval by Lender:provided,that � • �
<br /> • such approval ehall not be un�easonebly withheld.All premlums on Insurence policles ahall be pa id in the menner provided ,
<br /> under parayraph 2 hereof or,If not peid In such menner,by Borrower meking peyme�t,when due,directly to the insurance ! . �n, .
<br /> f cenler.
<br /> All Insurencepol�les end renewals thereof shell be In form accepteble to Lender and shell Include a standard moNgage ��
<br /> � Clause In fevor of and in form accepteble to Lender.Lender ahall have the rfght to hold the policies and renewels thereof,and '
<br /> � Borrowe►ahellpromptlyfurnishtoLenderallreoewalnoticesandallrecefptsolpafdpremiums.lnthaeventoflass.Borrower ; :' s
<br /> S shell give promptnoUce to the Insurence cerrierand Lender.Lender may meke prool of loss II notmede promptly by Borrower.
<br /> � 1 UnlessLenderandBorrowerotherwiseagreeinw�itfng,insuranceproceedashellbeappliedto restorationorrepeirotthe ..���
<br /> Property dameped,provided euch restoration or repair Is economfcelly feasible and the securily olthis Deed of Trust fs not __
<br /> thereby impeired. If euch rastoratlon or repeir is not economfcally feasfble or If the securfry of(hf s Oeed of Trust would be •
<br /> � Impaired,the inwrance proceeds shell be applied lo the sums secured by this Deed ol Trust,with the excesa,if eny,pafd to
<br /> � Borrower.II the Properly Ia abandoned by 8orrower,or If Borrower fada to respond to Lender within 30 deys from the date �
<br /> notice is mefledby lender to Borrower that the inaurance carrfer otters to settle a clalm lor insu�ance benafits,lender fs
<br /> � aulhorized to cotloct and epply the Insurence proceeds at Lender's optlon either to restoratlon or repeir oi the Property or to
<br /> i the aums eecured by thls Deed ot Trust.
<br /> Unless Lendar and Borrower otherwlae agree In writing,any such applicatlon ol proceeds toprincipal shell not extend or
<br /> postpone the due date ot the monthly InBtellmenta referred to in paregraphs 1 end 2 hereol or change lhe amount ol such
<br /> I inetellmenh,If under paragraph 18 hereol the Property fs acquired by Lender,all nght,title and inte�est ot Borrower in and to
<br /> eny inaurance policles endln and to the procee�s thereof resulting f�om damage to the Property prlorto the sele or acquisftion
<br /> � shell pasa to Lender to the extent of the suma secur�d by this Deed of Trust immedlately prfor to such sale or acquisftlon. '
<br /> . I 8. Pr�t�rvalbn�nd M�inNnanc�of Prop�rly;Lea��holds;Condominium�;Pl�nned Unll D�r�lopm�ab.Borrower shall
<br /> i keep the Property in good repeir and shall not commft waste or permft impairment of deterloratbn ot the Property and shall
<br /> comply with theprovisiona ol any lease if this Deed of Trust is on a leaseho(d.Ii thls Deed of Trust is on a unit in e condominfum
<br /> or a plenned unit development,Borrower ahall perform all of Borrower's oblfgatbns under the declaratfon or covenents
<br /> � � creating or governing the condominfum or planned unit development,the by-lews and regulaUO�s of the condomfnium or
<br /> � planned unit development and consfltuent documents.II a condominlum or plenned unit development rider is excuted by
<br /> Borrowe�end recorded tagether wlth thfs Deed ol Trust,the covenanls and agreements of such r�der shall be incorporated
<br /> 1 fnto and shell amend and supplement the covenants end agreements of thfs aeed of Trust as il lhe rider were a pert hereot.
<br /> � 7. Prot�atlon ol L�nd�r's S�cu►Iry.It Borrower tails to pe►form the covenants ond agreementa conta�ned�n Ihl�Deed of
<br /> Trual,or il any ection or proceedirg fs commenced with materially aNects Lender's mterest in the Prpperty,includfng but not .
<br /> � Ilmltedto.emfnentdomain,lnsolvency,cadeentorcement,orarrangementsorproceedfngsinvolvingabenkruptordecedent,
<br /> � then lender at Lender's option,upon notice to Borrower,may meke such appearances,diabu�se such suma end lake such
<br /> , ectbn as Ia n�cessary to protect Lender's fnterest.Including,but not Ilmited to,diabursementof reasonable attorney's fees and
<br /> entryuponlhePropartytomakerepairs.IfLenderrequiredmortgagelnsuranceasacondltlonolmakingtheloansecuredby
<br /> the Deed ol T►uat, Borrower shall pey the premlums requlred to malntaln such fnsurance fn eHect until such time as the
<br /> • requf rement forauch Insurance terminates f n acCOrdance with Borrower's and Lender's written a�reement or ap�licalbe law.
<br /> �1... .:.�..A L. M.. ../
<br />. +s M(/fI(7WRf lIfIH11UNV Illtl tl111UUlll VI tlll lilllllytlyOli�otiiai�4c Moi,i iv�,i`o i1i�� ii yiv:.��.v� vr r.�:Sy::;r�.�.
<br /> Any amounls dfsburaed by Lender pursuaM to th�s pnragrapn ��witn mterest tnerROn, gnan oecome�aaomonai
<br /> indebtedneas olBorrower secured by thfs Deed ol Trust.Unless Borrower and Lender agree to other terms ol payment,such
<br /> emounts shell be peyable upon notice Irum Lender to 6orrower requesting payment hereol,and shall bear intersat lrom the
<br /> dateotdisbursementettheratepeyablelromtimetotimeonoutstanding pnncfpnlund8rtheNoteunlesspaymentollnterest
<br /> � at such rate would be contrary to appllcable law, fn whlch event such amounts shell bear interest At the highest rate
<br /> permisaibleunder appliceble lew.Nothfng contalned in this paragreph 7 shall requve L.enderto incurenyexpense or teke any
<br /> � acllnn hereunder.
<br /> 8. Insp�eflan. Lender may make or ceuse to be made reasonnbla entnes upon and inspections of the Property.provided
<br /> thet LendB�Bhel�gfve 8orrower nolict3 prior to Any such inspechon sp�cifying reason�ble cou4eth�reforp rel;tted�o LendPr'ti
<br /> Interest in the Pr�perty.
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