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<br /> !f the emount of the Funds held by l.ender,together with thc fuwrc monthly ins3nlh(�Mts ot Fund�Nayablc prior
<br /> ta thc due datcs of taxee. asscssments, Insurance premiums and ground rents,shu11 exccr�i the amo��nt rcqufrcd to puy __
<br />_M�;;;� , aaid taues. assessments, iiuur�u►ce premiums�nd ground ronts u they tall due, auch exccss sh�ll bc,at Borrower's
<br />�;'F+��. opdol�,either promptly repatd ta Ac►ttawer oi cnditcd to Borrower on manthly installment�of Fwxls. lf thC amoun!
<br /> • •-���� ' of the Funds hcld by Lendor sh�ll nat be sufficiant t�Pay taxes,nssessments,insurance premlums and ground rcnts as
<br />"""°�""t thoy fAll due,Bocrawer shall pay ta Lender any�ntount necessary to m�k�up thn de�ciency in aie or►narc payments �
<br /> .,..:�� as Lendcr may nquirc.
<br />-'---� Upon payment in full of�Il sums secured by this Deed af 1'rust, I.endcr shall prompdy rcfund to Borrawer any
<br /> � Fwids held by Lender. lf under paragcaph 17 hereof the Property is sold ar the Properry is o�herwise acquircd by
<br /> Lender,[.ender shall apply, nn latar than immediateiy pdor to the eale af tho Araperry or i�s acquisitian by I.�nder.
<br /> •�� • any Funds held by Lendcr at the time af appliration as a credit�gainst[he suma securM by this Dee�i af Trost.
<br />,,j�_,;.% 3.AppUcation ot I'Ayments.Unless applicnbta law provides otherwiac, all payments rccelve�i by I.ender under --
<br /> •l ..,�,,, the Note and paragraphs 1 and 2 hereof sh�ll be applted by L.endcr tirst in p�ymeat of�mounts p�yable to i.endcr by
<br /> • � Botrowcr under paragrAph 2 hereof,then to taterest pAyable on the Ncrr,r..asid then to ths princip�l of the Notc.
<br /> ' ��'' 4. Prior Mortgages xod Deeds oi Tn�st: Char�es; Li,eea- Borrower sh�11 pcdorm ail of Borrower's
<br />�.�,, cr0ligations uader any mortga�ge, dad of uust or att�xr socr�riry a$co�u�ut with a fien which h�s priority over this
<br />-..;o�Y, �of Tnut. including Bo�rrounrer's covenants to�ke�a�r►.r.�w's wtn�n due.Borrower shall pay or cause ta be pafd!
<br />-.��!�.�`,'.� aEl tau�es. assessments�nd uther charges.fuKS a�ad imposicions ucRibucabl�co the PropertY which may�ttaia a priari.cyr
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<br /> a- �t+.s aver this Dcod of Txust. a�xi leasehold paYcx►�acs or Bmund renu, � u�g�• _
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<br /> 5.HaraN Ua�surAtxe• Borrower sdall kmep che improvements no�w existing or hereafter erected on the Pro�per��r
<br />-�-•�+'� nms+na�d against loss by fin. har,aatls includod within the terr.n'eatended ooverage.'�nd such otlxr h�raids as Le�►der.
<br /> -- nnap requin ud in such amQ�ca.ts and for such periads as Il.ee►,der aa�y n4vire•
<br /> _== The insura�e curior pr��6dlic�g t�►e 6�msurance sh�l! be cteasem b�► Bor[ower suajec�co�covaI by Leucie�:
<br />--- —= providal,that such appmvas shsilD nat be nr,u��e�r��uabIy withheld. AU n�a.a�a�ncx policics and remewaQs the�eof ahdl bc
<br /> -- - in a form acaeptaC�le to Le�eelzr:utd shal➢'i,�c4ude�a stuxlazd mortg�ge cCr��e iu favar of and in i form�ecept�ble to
<br /> Lend,er. l.ender shall have oihe�r�i3�t to hoIlcl t�e p�licles and nnew�ls t�n'er�c��.s�a6�.�ecn�o the tertas of auy mortgage.
<br /> ""°� �3e�of trust or other becunlu��r�.r�etment with a lier.wtni�1�ag prioriry a�•e�t�als D�e��•�7 Tn�st_
<br /> an the cvent of losa,�sx�rntiv�r sh�ll give prompt a�ote:<e to the nrt�.gm�noe curier and Leader. Londer may�ke
<br /> — proof�f loss nF�nt made pm�u��u���by Bor�c�:.�er.
<br /> lf the�°�c�perry is abantkyuvtcn 8y Fiu�r�i�t�;Yei.c�r if�orrc�:rr fsiL to resgQ�!s����u�er wi�6in 30 days from the ,
<br /> � c�fair naice is ma�7ed by Lenl�er, no Borrower that the insurance canier offera to settle a claiia tor iunurance bene�its.
<br /> --•:,�sai�� ,. •ll�rnitu is authorized to collect And apply the insnrance pmcads at Lender's opdon either ro ratarufon or reEraea w�q
<br /> _:.';;:�rt'. the p[operty or to the sums securod by this Deod of Trust.
<br />�:'e�� Pfamed Unk Develo e�at.t.
<br /> __--.� =�t 6. Preservettoa end Maintduace o?K"ropa'tr: Lea4eboldst Condominiuws: P�
<br /> �"'�' Bomower shall kecp the Property in good me,pair anc.'shall not commit waste or peraait imp�i�xnt ot deterior�tion uf
<br /> ' the pi�erty and sh�ll comply with We pruvasMOns of any tease if this Deed of Trust is on a lr.asehc�ld• Af thts Deed of
<br /> Ttuu Is oa a uait in a condaminium or a plazmed untt development. Borrower shall pecFotm all �f Bomav►tir's
<br /> oblIgulons under the declaratioa or covonants cceating or goveming the condominlum or pluuwd wdt devela���ca�t,
<br /> the bylaws and c�egulatioas of the coadomiaium or plannal unit development.aad oonst�tua►t documenta.
<br /> 7.Protectlon ot Leraer's Security.If Borrower fails to perform the covenants�nd agerementa conta�ped in d�iis
<br /> Dxd of Trust, or if sny action or prooGadr�sg Is comm�ncal which m�ted�11Y affecu L�ndeY's ��in�
<br /> propenY. thep Ixnder. x L�ender's optton, �o�oa nottcx to Borrower. �r�Y m�lc� ss�ch �. .
<br /> sums.Including re�sonabla attorneys'tas.and t�ke auch�ction as is nec�ssary to pmtect Leada's iaterat. If Lender
<br /> required mortg�ge lasurm�x as a condition of makin6 the loan socurod by this Deod of T�ust. Borrower ahall pay the
<br /> premiums requirod to maine�n such inaurance in eHxt unnl such time as the c�atuirea�eat for such insurance
<br /> �rnninues In acoordu�ce with Bomower's aacb Lender's wdtten agreexoYen�M applicable law.
<br /> � Aay�mounts disbursed by Lender�mc�vant to thia panBcaPl► r�. ur.ith interest thereoa. �t tbe Nao rate. shall
<br /> beoome additional t�debtedness of Borrowtr axured by this Deal m���fmist. Unless Borrower aad L�eadei�e io
<br /> — � otber tera�t of payment,such amounts sh�ll be7 syhaU ��uir��ix��m incurTaayBexpense or takonanyaa���t
<br /> thenof. Nothing cantaiaod in this Paragraph n9
<br /> . 6er�nder.
<br /> � a. Iay�a�Ramm.Lender may make or ca�se to be made re�sona�Ile cnuies upon and iaspectiiow o!the Property.
<br /> providod that Levder slull git�e Borrowsa mr.�ics prior w aay sucto n�s�IDection spxifyiag r�onable cause thenfor
<br /> celated to Lender•s intenst in the Pc�operty. "'�'"'
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