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<br /> 2. Funds for'hx��and Insunnc�,Subject to appllcable lev�o►a writtdn welver by l.ender,Sorrower ehell pay
<br /> to Lender on the day monthly payments of principal snd Interest are payable under the Note,untll the No4e is paid In
<br /> tuil,�sum(hereln"Funds"}equal to one-twelith of the yaarly taxes and assessmenta(Irsaluding condominlum and
<br /> planned unit development asscrsaments,If anyj which may attaln prlorlty rn�er thle Deed of TFuat,end ground rents on �
<br /> the Property,if any,plue on�-twelRh of ysarly premlum Inatellmenta tor hazard insurance,plue one-MreIRh of�rearly �
<br /> premium installments tor mort��e InaurancA,If any,all a�roasflnaby eatlmated inftially and trom timo to time by Lender w
<br /> on the basis oi asaeaamenQs end bille and reesonable setirnatss fhereot.8orrower ahall nM be obllgated to make such
<br /> payments of�ueds to Lender to the extent that Borrower makas euch peym�nts to the holder nf a prior mortgage or
<br /> deed ot trust If such hoider is en inatitutional lender. '"
<br /> If Bot�ower pays Funds to Lender.the Funds shall be held In en Institutlon the daposlts or accaunta of which are
<br /> Insured�r guaranteed by a Faderat or stata agerscy(including Lender fi Lender Is such en Instltution).Lender shell �.,►
<br /> apply the Funds to pay sald taxes,assessments,insurance premlums and ground rents.Lender may not char�e for
<br /> ea holdinq and applying the Funds,analyrzing said eccount or veriiying and oompEling sakl asaessments and bllis.unlesa
<br /> Lender pays Barrower fnterest on the Funds and eppllcable Iaw perm(t�Lender to make such a cha�gA.Borrower and
<br /> Lender may a�rAa in writing at the time of executfon of this Deed 4i=r�awt that interest on the Funds shall be pald to
<br /> BorraweG and untess such agreemertit is made or applicable law requires such Inter�st to be patd,l.ender shall not
<br /> be raquired to pay Borrower any interest or earnfngs on the Funds.Lande�sh�ll�ive�ta Sorrower,without charge,an
<br /> annual accounting of the Funds showi ng c�edlts and debits to the Funds and tho�e�r{�ase for which each debit ta the
<br /> Funds was made.The Funds are pledged as additional security for the sums secured by this Deed of 7Fust.
<br /> it the amnunt ot the Funds held by Lender.together with the tuture moMhl�r instalimente of Funds payable prior
<br /> to the dua dates of taxes,assessments,Insur�nce premiums and ground rents,shall exceed the amount requfred to
<br /> pay said taxea,assssaments,insurance premlurt�s and gnwnd renta es they(all due,suCh excess shall be,eR tlorrower's
<br /> optbn,eithe�promptly repaid to Borrawer or credited to Borrower on monthty installments of Funda.If the amount ot
<br /> the Funds held by Lender shall not be sufficlent to pay texes,assassments,insurance premiums and ground rents as
<br /> they fall due,Borrower shall pay to Lender any amount necessary to make up the deficlency in one o�more paymenta
<br /> as Lender may requiro.
<br /> Upon payment in tull of all sums secured by thls Deed of Trust,Lender shall ptomptty refund to&xrower eny Funds
<br /> held by Lender.If under paragrfiph 17 herecrf tha Property Is sold or the Property is olfiervvise acquired by Lender,Ler�der
<br /> shall apply,no later than Immediately prlor to the sale of the Property or its acquisition by Lender,any Fun�ds held by
<br /> Lender at the time of application as a credit agafnst the sums secured by this Deed of 1Pust.
<br /> 3. Applica[1on of Payrn�nb.Unless applicable law provides otherwise,all payments received by Lender under
<br /> the Note and paragraphs 1 and 2 heraots'hall be applled by Lender fi�st in payment of amouMs,payable to Lender 6y
<br /> Borrower under paregraph 2 hereof,ttien to intereat payabte on the Note,an�then io ti�a pr+ncipai oi ihe i3oie.
<br /> 4. PrioP Mort��s and D�edt of 1Fush Charyss;Ll�na.Borrower shall pe�form all af Horrower's aobllgatbns
<br /> under any mortgage,deed of trust a other security agreement with a Ilen which has priority over this Dead of Trust,
<br /> Including qarrower's covenants to malce payments when due.Borrower shall pay or cause to be paid all taxea,
<br /> assessments and other charges,fines and impositlons attributable to the Property which ma�+a4tain a prfority over thls
<br /> Deed oi'�ust,artd leasel�old paymentaor ground renb,if any.
<br /> 5. Hazan!Insu�.�orrower shall kaep the improvementa now existing or hereaiter erected on the Property
<br /> , Inaured against bss by fire,hazards inC4u8ed within the term"extended coverage",�nd such other hazard�as Lender
<br /> may�equfre and in such amounts and far such ptiriods as Lender may require.
<br /> • The fnsurence carrier provid(ng the insurance shall I�y chosen by Borrower subject ta epprrn►�1 by Lender;prc�vkled,
<br /> � that such epproval shall not be unreasanablywithheld.All insurence polfcfes and�enewals tha�eof ahaN t�e In aiarm
<br /> ' acoeptable b LAnde�and shall include a standard mortgage clause in favor ot and in a form acceptable t0 Ler�cler.Ler�der
<br /> :,� shall have the�ight to hold the poUcies and renewals thereoi,subJect to the terms of any mortgage,deed of trust or
<br />;'i:i other securiry egreement with a Ifen wh�h has prior(ty ovar this Deed of Trust.
<br /> �� In the event of loss,Bonower shall give prompt notice to the insurance car�ier and Lendec Lender may make proof
<br /> .{' of loss if not made promptly by Borrower.
<br /> :o If the Property is abandoned by Borrower,or if Borrower fails to respond to Lender wlthin 30 days irom the date
<br /> not�e is mailed by Lendc►r to Bo�rt,�wer that the insurance carrler oHers to settte a claim for Insurance benefits,Lendsr
<br /> � Is aWhorized to collect snd apply the Insurance proceeds et Lender's optlon efther to restoration or ropair oi ths Property
<br /> ;` or to the sums secured by this Deed of Trust.
<br /> � �. Proservation�nd Mainten�neeof Property;Leasehoids;Condominlurns;PI�nnM Unit Dwefapn�nb.
<br /> Borrower shall keep the Property(n good repair and shall not commit waste or p+armit imFalrment or do�erloration of
<br /> the Property and shall comply with the pravisions of any lease if this Deed of Trust Is on a leasehold.If t'�is Deed of
<br /> . Trus'i is on a unit In a condominfum or a planned unit development,Borrcnnrer shall perfwm ail of Borrower's obUgations
<br /> under the dealaration or covenants creatlrog or governing the condominfum or planned unit development,the by-laws
<br /> ' and regulattans of the condominium a�r�lanned unit devetopment,and constftuent documents.
<br /> 7. Proteetlon of Lender's Security.If Borrower faits ta perform the covenants and agreements contatned in this
<br /> Deed of Trust,or if any accfan or proceeding Is commencecf which matertally affects Lender's interest in the Property,
<br /> then Lender,at Lender's optlan,upon notice to Borrower,may make such appearances,disburse such sums,including
<br /> reasonable aKorneys'tees,and take such action as is necessary to�CC►tec,t Lender's interest.If Lender requfred mortga�e
<br /> .' insurance as a condiilon of makfng th�loan secured by this Dee�dof Trust,Borrower shall pay the premluma requirod
<br /> ' to maintain such insura�ce in effect unlii such time as the requirement for such insurance terminates In accordance
<br /> with Borrower's and Lender's written agreement or applicable taw.
<br /> Any amounts dlsbursed by Lender pursuant to this paragraph 7,with interest thereon,at the Nde rate,shail become
<br /> . •.�.• •• •_��_�____ _�w_.._..._._��.._�J�..��I�I���J��7L�.�� �������f�����...����J���J��������� ��L�����
<br /> saomona��notloiaanes�vi norrawdi aer:urau oy uaa voou��u uai.v�naa�ov��vrro�anu w�war ayiov�o anna�iv��na
<br /> of payment,such amounts shall be payable upon notice from Lender to Borrower requesNng payment thereof.Nothing
<br /> contafned In this paragraph 7 shall requlre Lender to fncur any expense or take any action hereunder.
<br /> 8. Inspectlon.Lender may rneke or cause to be made reasonable entrins upon and inspectlons of the Property,
<br /> prc�vided ttrat Lender shall give Borrower notice prbr to any sUCh in&pectbn spec(fying reasonable cause therofor�etated °
<br /> t�Lender's interest In the Property. —
<br /> 9. Condemnatlon.The proceeds of any award or claim tor demages,dlrect or consequential,in connectfon with _
<br /> any condemnati4n or other taking otthe Prnperty,or part thereof,or for conveyance in lieu of condemnation,are hereby `
<br /> assigned and shall be pafd to Lender,subject to the terms of any mortgage,deed ot trust or other security agreement �.
<br /> with a Uen which has priority ovar thfs Deed of Trust. �
<br /> 10. Borrower Not Refeased;Forbeanncs By Lender Not a Wa(ver. Extension of the tlm� for payment or
<br /> mndif Ication ot amartization ot the sums secured by thfs Deed of Trust granted by Lender to any successor in intereat ��'
<br />' uf Borrower shall not operate to release.In any manner,the liability of the original Borrower and Qor 's auFcessors �
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