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<br /> ��'ganawer p�ys Funds to L.encier,tlie Fund�ahall I��eIQ In�n insNtution tlic depasit+or ncconnta of whlch are
<br /> is�sureQ ut guaranteed by a Federu)or etuto agcucy(fncludiu�I�ndar il'1�:��dcr is sucU an Ius�Ututiw�).l.cndcr sliull�pply '
<br /> the Funda to p�y �dd t�xes,�ssessments,Insur�nce premlum�and graund rents.Lender may not charge far ao holding
<br /> unil�pplyin�tl�c Punda� �naiyving aald accaunt or vcrlfylne�nd cumplling sald prsesamcnte nnel blll�. unless L�.nder
<br /> pAy� 8otrowet Intcrast on the Funds�nd�►p�rllc�blo law permits I.ender to me�ke:uch �chargo. Borrowe��nd Lender
<br /> rn�y�aree i�writing at tha time of oxecuclon of Ilil�peed of'frust Ihat Interest on the�und�thall ba paid to Bonower.
<br /> And unlcs��uch ��neemant is m�da or�ppllc�ble I�w requlres sitch Intcrest to ba p+►id,l.snder�h�ll not bo requlred
<br /> to p�y Borrower �ny interat u�eArning� an the Fundi. Irender�f�tll Qiva to Bonower, without chRrgo, Rn annuRl
<br /> �ecountit�g�itlxj�uriQs shatvin�eredit�nnd debitR to tho Funds rnd the purpose for whtch each debit ta the Funds wRs
<br /> m�de.The Funds�re plal6ed�s�dditlonal aecurity for tha sums secured by this Decd of'Prust.
<br /> If the�mount of the Punds hcld by Lender,togethrr with the futuro monthly In�tallments of Funda p�yablo prlor to
<br /> the due d�tes of tAxes,�sstssments,insurance prcmlums�nd ground rents,shall exceed the amount required to pAy s�id
<br /> taxes.asscscmcntn,incur�nce premtums and graund rents�a they fell due,such cxcess shall be,at Borrower's optlon.
<br /> either promptly repnid to Borrowec or crcdited to Borrower on monthly installments of Funds. lf the amnunt of the
<br /> Funds held by[.ender�ht�ll nat bn su�cfent to p�y t�xes,assessments,insur�nce premiums and ground renta ss they fRl l
<br /> due, Bottowershall pAy to I.cndcr nny amount neccssary to make up the deflclency 1n one or more paymants as L.ender
<br /> m�y requlre.
<br /> Upon peyment in full of all sums secured t�y this Deed oF Trust,i.ender shall promptly refund to orrower any
<br /> Funds held by i.endcr. If under paragrAph 17 hereof the Property is sold or the Property is otherwise acquired by
<br /> �.,ender.Lender shall�pplY.no latcr than(mmediately ptlar to the sule of the Property or its acquisltion by L.cnder,�ny
<br /> Funds held by Lcndcr at the tlme of application ts�cndit agiinst the sums secured by this Deed of Trust.
<br /> 3. ApplfcaHon of PRyo►ents•Ui►l�s appNcable lav�pravides otherwise. all payments received by [.ander under
<br /> tl�e Note and pnraQrs�phs 1 and Z hereof shall be upplied by Lender fltst(n pnyme��t of amounts pay�blo to Lendcr by
<br /> Borrowerunder peragr�p�ZJhc�r�th�Ent�iseC�tP�a;b�°�st Borcotwer sh�ll perfornpall ofABorro►vcr'stobligatfons
<br /> 1. Prlor Mat�a�
<br /> under any moKg�g�.deed of trust or other security agreement with s lien which h�s priority over thls Dxd of Trust.
<br /> inclading Bon+ower's covanants to mtKe payments when due. Horrower shaU pap or cause to be paid all tuces.
<br /> assessments��nd other cherges.flaa and impositions attdbutable to the Pmperty which may attain a priority over this
<br /> Deed of Trust,and leasehold payments or ground rents,if any.
<br /> S. H�zatd In+ur�nce• Bonower shall keep the improvements now existing or hereafter erected on the Property
<br /> insurcd against loss by fire.hazarda included within the term"extended coverage".and such other ha�.ards as T.ender
<br /> m�y require and 1n such�mounts and for such periods es I.ender may reguire.
<br /> �ire insucsn�c�+����P��'��3na�ti"�•"•`-'!�"noe shall be chosen by�orrower subject to approvai by[.endcr;provided.
<br /> that such appravil shall not ba unreasanably withheld.All insurance policies and r�newals thereof snaii be in a fo�m
<br /> acceptabla to Lender snd shall include a stsndard modgage clsuse in favor of and in a farm acceptable to Lendcr.
<br /> Lender shall have the right to hold tha poltcies and renewals thereof.subject to the terms of any mortgage,deed of trust
<br /> or othcr secudty�geeemcnt with n licn which hes pdority over this Deed of Trust.
<br /> In tho erent of loss.Borrower shall give prompt noticE to the insurance carrier and Lendcr.i.ender msy makc proof
<br /> of ioss if not mede promptly by Borrower.
<br /> IF tha Property is abandoned by Borrower,or if Bonowcr fails to respond to L.endcr withln 30 days from the datc
<br /> nutice is muilc�by Lcndcr ta t3urruwcr thnt thc i��sur:►ncc carrier o11'ers to sc�Uc n cinim I'ur insurnnce benofits,Lender is
<br /> autharlud to collect and apply the insurancc proceeds at Lender's optioti either to restore.t[on or rcpair of the
<br /> I'rc�perly ur lu Ific sunia sccured by ll�is Dccd ul"Trust.
<br /> 6, pr�nerratbn Rnd M�lnten�na of Properh't ��hold�q Condominlunu; P4nned Unit Derelopmenb. Bor-
<br /> rower shafl kecp the PtupertY in eood rePair snd shall not commit wastc or permit tmpairment or dctertoration of the
<br /> praperty and shnll comply wlth the provisions of any tease if this.Deed of Trust is on a leosehold.If this Deal of Trust is
<br /> an a unit in e condominium or a planned unit development,Borrower shall perform all of Borrower's obllgations ander
<br /> the decixrstion or covenants creating or goveming the condominium or planned unit developmont, the bylaws and
<br /> rcgulations of the condominium or plsnned unit development.and constitucnt documents.
<br /> 7, protecHon o[Lender'� Secue�h• If�ucrower fails to perForm the covenants and agccemonts containal in this
<br /> Deed of Trust. or if�ny Rction or proceeding is commenced which materiaQy affects Lender's intcrest in the Property,
<br /> then Lendor,at Lender's option.upon notice to Bonower,may make such eppeardnces,disburse such sums.including
<br /> reasonsble attorneys'fea.and take s�uch action as Is necessuy to protect Lender's interest.if Lend�r requicxd mortgage
<br /> insurance�s n condition of making the loan sesured by this Deed of Trust,Borrower shall pay the pnmtums required to
<br /> maintnin such insurance in et�'ect until such time es the requirement f�r such insuranee termi�ates in accor�ance with
<br /> Borrower's and I,¢nder's writtcn agreement or applicable law.
<br />- Any amounts disbursed by L.ender pursuant to this paragraph 7. with lnterest tliereon, at the Notc rate,shall
<br /> becomo addltional indebtednas of Botcower secured by this Deed of Trust. Unless Bocrower and Lendet agne to
<br /> p other terrns of payment, sucN amounts shall be payable upon natice from Lender to Bono�ver requesting payment
<br />_ �horeof.Nothing contained fn this pnragtaph 7 sholl requin:Lender to tncur auy cxpense or take any ection hcmunder.
<br />- 8. Inspectton• Lcnder may mnke or cause to be made reasonable entrics upon and inspcctions of thc Property,
<br /> ° providcd that Landcr shalt givc E3utrower noticc prior to any such inspcction specif�ing reasonnble cause therefor
<br /> = relntad to I,cndor s intorast in iha Propeccy.
<br />� g.Cond�sanation.7`ho Proeeeds of any award or claim for da�nages,dtrect or consequential,In connection with
<br /> - �ny condemnatian or other taking of tha Property, or part thereof, or for conveyance in liau of condemnatton, are
<br />`� hereby�ssignr�d�nd sh�ll be paid to Lcnder,subjcet to the terms of any mortgage,dced of trust or othcr security agcee-
<br /> M�..r Wirh a Ilen which has prlotity over this Deed of Trust. _„ ,�_ �3w_ �._ ����,en� ,,,,
<br /> ' � 10. Borto�rer Not Rek�aedi For6ear�nce By Lender Piot • w�i�er. r�icnsio�� �� .��� •••,�� •�• r�,..._... --
<br /> � modillcation ofemortizetion ofthe suma secured by this Deed oFTtust granted by Ixnder to sny successor in intarest of
<br />'e Bormwer shd{not oper�te to rcleasc,in any mnnner.the liability of the original Borrower and Borro�ver's successora in
<br /> : Interest.Lender shall not be requ[red to commencc proceedings against such successor or refuse to e:tend timo for pay-
<br />-� m�nt or otheryvise modlPy amortization of the sums securcd by this Deed of Trust by reason of any demnnd made by th�
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