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<br /> I Any rider (°Rlder") uttuchcil heretu und executed of even dutQ ly iiuorpnri�tcd I�crcin und the cnven►mt mzd
<br /> � � n�rcemcnta of the Ridcr r+l�nli nmend nnd supplcnunt tite cnveunnta und ugrcenunts of tbts 1)ccd of'IYusl,uq if
<br /> tl�c Itldcr wcrc u p�u•t hcrcuY.
<br /> F3orm�ver crnennnts d��►t[iorrower is lawfully seitxd of�he estu�e herchy convcycd und h��s ihe right to grant nnd convey �_
<br /> thc Praperty, nnd that the Property Is unencumbered, except for encumbrnnces of rccord. Rorrawer covenants thuc
<br /> Borrowcr wArrants and wlll defcnd �cncrnlly thc titic to [hc Property Against all claims nnd dcmi►nds, subjcct to
<br /> ' " ��,,,+ encumbrnnccs af rccard. -
<br /> UNIl�ORM COVIsNAN'1'S, Borrowcr and l.ender covennnt and ugrec ns fallows:
<br /> ;l I. Puyment af 1'rinclpal and Inferest. Borrowcr shull pramptly puy when due the principnl nnd int�rest indebtedness t
<br /> � evidenced by the Nata und lutc churges us provided in tlie Note. This Deed of Trust sccures pnymcnt af snld Notc
<br /> ` nccordtng to its tcrms, whtch ure IncorPorated hereIn by refercncc.
<br /> �
<br /> � $ 2. Appl[cutton of PAymenta. Unless upplicable law provides otherwise,all pnymencs received by L.ender under the
<br /> Note And purugrnph 1 hcrcof siiaU bc applleJ Uy Lender first to intcrest duc on thc Note,sccond to the prIncipnl duc _ .��. _
<br /> , an the Notc,nnd then to late charges duc on the Notc.
<br /> 3. Prlar MartguEcs nnd Dceds of Trust; Chnr�es; Licns. Borrawcr shali perfarm nll of Borrowcr's obligations,
<br /> � under any mortgnge,dced of trust ar other sccurity ngrcemenc with u licn wiiich I�ns prtority�ver this QeeQ of Trust,
<br /> including [3orrowcr's cavcnttnts to mukc paymcnts when duc. Iiorrowcr shnll pay cr cnus� l0 UC �)AIII AII IA%C8,
<br /> ,� ussessments nnd ather charges, fines and impasitions uttributable to the Property whicli may uttuin a priority over this
<br /> Deed of Trust,nnd les�sehold payments or graund rents. if any.
<br /> �, 4. Huzurd Insurtuice. u) Borrowcr shull kecp the lmprovements now cxisting or herenfter crccted on the Property
<br /> insured ugninst loss by Cre,hazards tncluded wlthtn the term"extended covcrage",mid any other hazards, Including
<br /> - tloods ar fioad,for wi�ich Lcndcr rcquires in�urancc. Ti►is insuranc�shall bc snaintaincd ln slsc amounts and for�h�
<br /> perlods tl�nt Lcnder requires. Tlie insurnncc cnrrier provicling the insuruncc shall be chasen by Borrowcr subjcct to
<br /> �, l.ender's approval which shull not be unrensonubly withheld. If Dorrawcr fails to maintain caverage dcscribed above,
<br /> Lender muy,nt l.ender's aptton,obtain covernge to protect Lender's rights in the Property in accordance with paragruph
<br /> � 6.
<br /> �; b) All Insurance policies mid renewuls shull be acceptnble to Lender und shull include u stand�rd mortguge clause. _
<br /> �. l.endcr shall have thc right to hald thc pollcics And renewuls, If Lender requires,I3arrowcr shall promptly glve to
<br /> ��� L.endcr all receipts af puid prcmiums und renewal noticcs. In thc event af loss. Borrower shAU give prompt to ihc
<br /> ;:� insurance carrier nnd l.e:nder. I.endcr mny muke proof of loss if not made promptly to Borrower.
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<br /> �• c) Unless C.ender and 8orrowcr otherwise ngrec in wrtting, insurance proceeds shall bc applied to restorution or repair =
<br /> of the Property damnged. if Qie restoration or repair ts economically fcnslble and I.ender's security is not lcssened. If �
<br /> ��• the restoratian or repair is not economically feusible or Lender's security would be Iessened,the insurance proceeds shall C
<br /> bc upplied to the sums secured by this Sccuriry lnstrument, wl�ethcr or not tl�en due,with nny excess pafd ta Bocrower. �`.:---
<br /> � If Rorrower ubandons ihe Properry or does not nnswer within30 duys u noticc from I.ender that the insurance carricr �
<br /> has offered ro settle u cluim, then Lender may collect the insurunee proceeds. Lender may use the proeeeds to eepait �`
<br /> �' or resrore the Propecty or to pay sums secured by th3s Security Instrument,whether or not then due. The 30-day period Q'
<br /> �• will begin when the nottce is given. �;`
<br /> � j d) fixcept as proviJed In subpara�r�ph 4(e) below, should partial or complete dcstruction or damage occur to thc �;;::,�_,
<br /> Property,Dorrower hereby aprces that any und all tnstruments evidencing insurancc proceeds received by l.ender us n !���"'�y��L�
<br /> � result of sald dmm�ge or destruction,shnll be pl�eed in n non-interest bearing escrow account with Lender. At Lender's �_;:zy--
<br /> � discretton, Lcnder may relense some or all af the proceeds from escrow uftcr Rurrowcr presents Lender wi�h a �.
<br /> ' receipt(s), invoice(s),�vritten estimates(s)or other dacument(s)ncceptable to Lender whicli relates to the repuir And/or : . ;,• .
<br /> � improvements of the Property ncccssnry ns a result of said darnagc nnd/or dcstruction. Absent an agrcement to the �`•'^�
<br /> contrury, L.ender shall not be requirea[o pay Borrower nny interest on the proceeds held in the escrow account. Any
<br /> amounts remaining in the nccount ufcer all repairs and/ar improvements hnve been m�dc ta the Lender's sltisfaction,
<br /> shall be applied to the sums sccured by this Decd of Trust,Decd to Secure DeUc,or Mortgagc. I3orrowcr further ngrees
<br /> to coopernte wlth Lender by endorsing t►II,chccks, drafts andlor other instruments evicicncing i�isurance proceeds; and
<br /> nny neccss�ry documents. Should Eiorrower fail to provide any rcquired endorsement and/ar execution within thirty(30)
<br /> dnys after Lendcr scnds borro�vcr noticc ihat Lcnder has rcceived an instrument cvictencing insurincc proceeds, or
<br /> document(s) requiring Dorrower's signature, Borrower hereby a�thorizes L.ender to endorse said instrument ancl/or
<br /> document(s)rni I3orrowers bel�alf, and collect and apply said proceeds nt Lender's option,either to restoration or rerair _
<br /> af the Praperry or to stuns sccured by this Decd of Trust. Iked to Secure Debt. or Mortgage. It�s not tiic in�cncion �-_
<br /> of either parry thnt this cscrow provision, nnd/or Lcnder's endarscment or cxccuticm of nn instn�mcnt(s) anci/or .
<br /> document(s)on bchalf of Dorro�ver crelte 1 f'tducilry or n�ency relntiunsiiip betwecn l.ender xnd 13orrower.
<br /> c) Unlcss Lcndcr und Durrowcr othcrwlsc ugrec in writing,any npplication of procccds to principal shtiU not extenJ
<br /> or postponc thc due datc of the monthly pnyments refcrred to in parngraphs l and 2 ar cl�nngc thc nmount of thc
<br /> p;ryments. If undcr paragraph IG thc ['rc�perty is acquircd by IAndcr, I3��rrowcr's right ta nny insur�ncc poltcics anJ
<br /> pr�cceds resulting from damagc ro ihc property prior to thc acquisition shall pass ro I_endcr to thc extent of thc surns i
<br /> securcJ by this Sccuriry Ins�rununt. �
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<br /> tx��vi�u�.nn r.�e i�s cnlru7�NIE I H'AHA:A'61. Ikd
<br /> 17110AdH UVAN IIIaIA
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