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��f+f � ;. �M) -•- ,. . �'Yh?.�. . . -. . . - —._.._.... � . .. , .. . „ .....� � � � .—..... , ' � �. r;==sT•- I r', "'.ie::`�.:.---.- .:, ; r•. ..� t 100725 02/12/1997 _ __.---- • MARK 'A BTA'TF�B K13LY+Y8 L S'TAToB ,.:� �,Ql��` . . UNIPORM COV�NANTS. aorrc�w�r and Lender cove�wut and xgrer as fallows: . ; 1, p�yrnenl oP Y+I�nclpal nnd lnterest. liurrower stmll pron�ptly pay wUeu due the principal and interest i Intfebted��css evldenced by thc Note And lace cliarges os provided in thc Notc. Z, F'unds for Taxes rind Iruurance. SubJect to applicable law or a wriuen waiver by Lender, Bonower shall pay co � Leader on tlie day monthly paynients of pduciQal and iaterest arc payable under the Note,until the Nate is paid in fuil,a � sum(hereln "Auuds")egual to one-twelfth af the yearly taaes aad assessments(iacluding condomiuium and pla�nned unic ` developaient assessments. if eny)whlch niay sttain prior�ty over this Deed of Tcust.and ground rents on the Property, if • �y,plus one-twelfth of yearly gremium iastallmcats far t�auud insurance,plus one-twelfth of yearly premiiun installments � for mortgage insutance. if enY� ull as reasonably estimated initially und from time to daie by Lender on the basis of nssess�nent� Qr.d hi11c and macnnal,lr,estlmates thereof. Borrower shaU not be obligated to malce such paymentc nf Fnndc to Lender to the extent that Bonower malces such payments to the holder of a prior mortgage or deed of aust if sucu holder is nn inszitudonal lender. .. If Borrower pays Funds to Lender, the Funds shall be held in an insdtudon the deposits or accounts of which are �. ins�u�ed or gunranteed by a Pederal or stnre agency(includ�ug I.ender if I.ender is such an ia.dtudon). Lender shall apply � °;:,.I�w_ ,_�i the Ft�nds u�paY said taxes,assessments,1nsurance Premiums and�r°und rents.Lender may not charge for so holding and ,;,,�.;;;y, t nds . �-�,, said Account or vedfying and comptlin� said assessments and bWs, unless Lender pays __ applying the Funds. analYziaS llcable luw pernr�ts Lender to make such a cl�arge.Borrower and Lender may agree ; :=_- � Horrower interesK on the Funds aad app " in wddng at the dme of execudon of this Deed of Trnst that inrerest on the Funds shall be paid to Borrower,and unless � such agrament is made or applicable law nquires such interest to be paid. I.ender shall not be required to pay Hoaower � any iaterest or eainin8s oa the Funds. 1.ender sbell 8ivese for which�each deti to$theaFundsUwes made.�'I'�e Fuuds are �- � showing credits and debits to the Funds and tlie puspo � pledged as addldonal securlry f°Y the sums sec�d by�s Deed of Trust. _ ,. � If the amount of the Funds held by Lender,together with the fuhue mantt►ly installments of Funds payable prior to __ _ the due dates of taxes. essessments, insurance Premiums and Smund rents. shall exceed the amonnt requsred to pay said , ,� � �� n�� u�nce premiwns aud graund rents as they tall due, such excess shall be, at Horrower's opdon, � � either promptly nPaid to Hoaower or credited to Bortower on mont�ly lnstallments of Punds. If the amount of the Funds �• Bolrrower shall P�Y t nl.enderuany amotuntnecesxsarY w make up�thedfic ency n�one ormor payments �s Lender may ' require. � � � Upon payment in fu11 of all sums secured by this Deed of Trust,I.ender shall pmmpdy refund to Borrower any Fwuls - --__