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<br />' If Qonowcr psy�Fundi to Lcnder,the Funds shall be held in an institutlan the dcposits ar accounta of which nrc
<br /> "'r '� insured ur guaranteed by A Fedcrul ur stuto agcncy liucluding l�s:ndcr 11'la:uder is sucb on insliwtiun).Lcnclor sl�all apply '
<br /> ' � "` ` the�und�ta psy i�id t�aes��ssessments,insurance premlum�and g�ound rents.I.ender may not charge for sa holding
<br />,�� °' •� and���plyiny the Fuads,andyzing sald account or vcrifying md cumplling said nuessmcnts nnd bills, unlaa L.cndcr
<br />-�:• pays Barrower interost on the Fund��nd�ppltcable law permlts l.ender to m�ke such a charge.Bonower ond L,ender
<br /> . ,9� rnay a�rcc In wrlting R!the tlme of cxecutlon of this Lteed ofTrust that Interest on the Funds shall be psld to Bonower,
<br /> and u�las such t�reement Is m�de or Rppltcable law requim such inter�st to be pdd.Lender shall not be requlred
<br /> "'` to pay Bortovre�nny Interest ar earning� on the Fund�. Lender shall give to Borrower, without charge, an annud _
<br /> �F accountin�of the Funds xhowing credits�nd debit�to the Funds and tha purpose for which each debit to the Funds was
<br /> ��-�`��"�� m�de.The Funda�ro pledged�s�ddition�l secutity for the sums secured by this Deed of Trust.
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<br /> If the�mouat of the Funds hetd by Lender.togethc{with the future monthly installments of Funds payable pr or to
<br /> the due dates of t�za,usessmenti.insur�na premiums�nd ground rents,shall excced the�mount required to pay said
<br />!.� taaes.usessmEntt,insurana promiums and ground rents aa they fall due,such excas shall be,at Borrower's option,
<br /> "�� , either promptly �epsid to Bonower or crodited to 8orrower on monthly inst+�llments of Funds. lf tho amount of the
<br /> '�'..:;. � Funds hel�by Lendec shall not be sufticient ta psy taxes,assessments.insurance premtums and ground rents as they fall
<br />•;. .'� due,Borrower s6a11 psy to(�ender any amount necessary to mske up the deficiency in one ar more payments as Lender
<br />`-r P.'•��.� . Itlty I�.'QUI[�e.
<br />;�. � Upon p�yrc+ent In full of sll sums socurod by this Deed of Trust, Lender shail promptly refund to Borrower any
<br />�:;y;'..= Funds held by Lender. If under puragraph 17 horeof the Property is sold or tho Nroperty is otherwise tcquired by
<br />_��';}��'a� L e n d e c.L e n d e r s hall a p pl y,no liter than immediately pdor to the saie of the Property or its acquisitlan by Lender.any
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<br /> �',� .� " Funds held by Lcndee nt tha time of�pplicaitlon as a crodit agetnst tha sums secu r e d by t h is D a d o f Trus t.
<br />�+;�i: 3. Applkatbu ot Panreaa• Unlas applicable law ptovides otherwise.dl p�yments receired by Lender under
<br />_--,• •.••.• • •� the Notc and pangrapns 1�nd Z hereof shall be applied by Lender first in payment of amounts payable to Lertder by
<br /> 3,;. �• Borrower under parlgraph 2 hereof.then to tnterest pay�ble on the Note,end then to the principal of tho Note.
<br /> f•-�;:i�..�� 4, prio�NY�tp�a aed Dee�ot Tea�t� Ch�i��• ��rv�r shull pedorm all of 8ortowar's obligations
<br /> - .'s under any mortgige�deed of trust or other securlty ag�rement with •Ilen which hu priority over this Deed of Trust,
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<br />�"�+'`.�'-';��- including Borrower's covenints to make paymcnts whea due. H�rrower shall pty or cause to be paid dl tu�es,
<br /> �M•��'�` asussments�nd other charges.flnes and impasitions attdbutsble to the Propctty Nhich may�tttain a priorlty ovcr this
<br /> - Deed of Trust.and leasehotd payments or ground rents,if any.
<br />-_. � '.y� S. ��� �m�rance•Bozrower shdl kap the impruvert�ents naw eztsting or hereafter erected on the Property
<br /> L�r,`���� insured�gainst loss by 8re,huuds included Nithin the term"e�tended covenge",and such other huards as[�ender
<br /> --- .�ry ernuire and fn suc6 amounts and for suxh pertods as Lender may require.
<br />- 'fhe insurance carrier providing the iasurance shdl be chosen by Bortower subject to approvsi by Lender;proridc�i�
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<br /> ___ that such approval shall nat be unreason�bly withheld.All insunnce policies�nd renewals thereof shsll be in a form
<br /> =—'_ accephble to Lander and shall include a standard mortgage clause in favor of and in a form acceptable to L,ender.
<br />�-��-- Lender shall have the dght to hold the policia and renewals the�of.subject to the terms of any mortgage.dad of trust
<br />_— or other security tgreement�th a lien whfch h�s priortty over this IkM nf Trust.
<br />�_.._ In thc event of loss.Borrower sh�ll give pmmpt notice to the insurance carrier and Lenda.Lender may make proof
<br /> ofloss if not made promptlyby Borrovrer.
<br /> If the Property is abandoned by Bo�tawec.or tf earower ibils to resspond to Lender withln 3Q days fmm thc datc '
<br /> - noticc is mailcd by Lender lo Bntrowcr that thc insurnna carrier olTcrs tosetllc a clalm tbr insurance bcneflts.Lender is
<br /> -- authodzed to collect snd �pply the tnsurance proceeds at Lender's option either to restorallon or rcpair oF the
<br /> 1'ropeny or to thc sums sccurcd by tiiis Dccd ufTrust.
<br /> 6. Peeuaatba�sd Mdnten�nce of Propertyi Lwehold�;Candanlnl�aa; Planeed UWt Detdopeneab.Bor-
<br /> rower shall keep the ProQerty In goad repair and shall not commit waste or permit impairment or deteriaatlon of the
<br /> �'� Property and shal comply with the provisions of i�►y leue if this•Deed of Trust is on a leasehold.lf this Deed of Tnut is
<br /> on t unit in a condominium or a planned unit development.Borrower shtll perform all oF Borrower's obligstions under
<br />� the declaration or covenants creating or�overning the rnndominium a ptannod unit development,the by-laws�nd
<br /> regulations of thc condominium or pltnned untt development,and constttuent documents. �
<br /> �� p�t�en o(I,ender'� Secadty.lf Borr��er fi�tls to perform the��ovenants and agmmcnts contdned in thi�
<br /> Deed of Trust.or if�ny actfon or proceeding is rnmmer.ced which nnatedaliy af�'ects Lender':inta+est in the Property,
<br /> then I.ender,at Lender's option,upon noticer to Barawer.may niakC such appearances.disburse such sums,including
<br /> reasonabte�ttorneys'fecs.ind take such action u is necessary to pmtect Lender's lnteraG If Lender required mortgsge
<br /> insurance ss a condition of m�lcing the lo�n secured by thts Deed of Trust,Boerower shsll pay the premiums tequited to
<br /> -- m�intain such insurance in effect until sueh time u the requirement for such insurance terminata in aceordancx with
<br /> — Borrower's an�J Lender's wdtten agreement or appltcable law.
<br /> —��� Any amounts dtsbursed by Lendcr pursuant to this puagrtph 7,with tnttrat tixreon. at the Note rate.shall
<br />=��9� become additional IndebtMn�ss of Borrower secured by this Aeed of Trust. Unless Borcower�nd I.ender agree to
<br />��'�� other terms of p�yment. such amounts shall be payabk upon notice from Londer to Borrower requesNng pxyment
<br /> °->-�+ll�':'��?�, thereof.Nothing contained in this paragraph 7 shall require Lender to incur any axpense or take any action hereunder.
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<br /> 8. Inspectlon.Lender may make or causc to be made reasonable entries upon and inspections of the Property.
<br />��=tl•��`�`•� �provided that Lender shaU gire Borrower notice prta to any sueh inspection specifying nasonable cause therefor
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<br />�_�-°..�- nelated to Lender s interest in the Propecty.
<br /> =��'�"� q� Cq�dem��tMu.The psoceeds of any awud or ctaim for dsm�ga.dircct or consequenti�l. in rnnnection with
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<br /> _����''-y�;�;,,�� any condemnsHon or other taktng of the Property� ot part thenof, a for rnnveyance in fleu of condemaation, are
<br /> __:;�!�:� heceby assigned tnd shdl be paid to Lender,subject to the terms of Any mortg�ge.deed of trust or other secutity agra-
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<br />_ - -��fi'. ment with a Uen weicn nss priori��o►cr una+,��� �•W.•
<br />- '��..�ra�'�r�� 10. Bonower Not Rek�sed; Foebeu�nce B� La�der Net w W�lrer. Extenslon of the time foe payment or
<br /> `�''�'� ;� modiHcaHon of�mortizaHon of the sums sesu�+ed by this Deed of Trust granted by Lender to any successor in laterest of
<br /> � � ' s Borrower shdl not operate to nleue,in�ny manner.the liabilitp of the ociginal Borrower and Borrower's successoes in
<br /> � j; interest.Lender shall not be required to commence proceedtngs against such successor or retLse to extend time fa pay
<br /> -- ' meat or ottn�c�v�se mod[fy xmortiution of the sums secured by this Deed of Trnst by reuon of any demand made by the
<br /> � � • odginal Bormwec�nd Botsmver's successors tn intet+est.Any forb�sranca by Gen�ler in exercistttg any right nr etmedy
<br /> heceu�der.or othet+vise af�'orded by�ppltcable Inw,shall not be a waiver ot or preclude the e:ercise of any such right oc
<br /> remedy.
<br /> t• � 11. Succeswn snd Anlpr Boand; loir�t �nd Se�enl Ll�bfltt�� Coaip�en. The rnvenants and p���
<br /> � . hecetn contained shall bind,and the cights hereunder shall inuc+e to.the eespecNve sueeessors tnd�ssigns of�nder a D
<br /> - • ' Borcower.subject to the pmristons of paragraph 16 hercof.All covenants and rgc+eementa of Bott�ower shall be joint and
<br /> • sevenl.Any Borrw�cr who co-signs this Deed of Trust.but does not cxecute the Note,(a)is co•sjgntng this Deed of Trust
<br /> � , �shly to grant and convey that Borrower's interest in the Property to Trustee under the terms of this Deed of Trust,(b1 is
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