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<br /> If the amount of the Fw�ds heid by l.ender.together wlth the future monthly Installmenta of Funds payable prior ,.
<br /> to the due drues of taxes,assesaments,insurance premiums and grouad rents,shall exceed the aanount requiced to pay
<br /> • said t�ces. asaessaaenu. iusurance premiwns az►d ground mnts as they fall due.such excess shaii be. a� Borrowrer's
<br /> • option.either pmmpdy repaid to Bormwer or credited to Borrower on monthly installments of Funda.If the amount .
<br /> of the Fuads held by I.euder shall not be sufticient to pay taxes.assessments,insurance premiums.and gro��nd rents as „ ,
<br /> , ''�� they faU due.�orrower shaU pay to Lender aay amount necessary to make up the deRciency in oae or morc payments :;��.,:;
<br /> ,�.) as Lender may requlre. ���;':
<br /> '`�� � U n a ment in fiill of all sums sec�red by this Deed af Trust,Lxnder sbali pmmpdy refund to Borrower any . ��:
<br />_����q Fwids h�eld by I.euder. If under paragraph 17 hereof the Progerty is soid or tbe Property is otherwise acquired by __- -
<br /> ; Lender,L.ender ahall apply,no lazer than immediately prIor to the sale of the Property or its acquisition by L.ender. r���_�
<br /> ��� any Fuads held by Ixnder at the ttme of applicatioa as a credit against the sums secured by this Deed of Trust. °-`=�=�
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<br /> 3.Appliration oi Pnyments.UWess applicable law provides otherwise.aU payments received by Lender undar ��
<br /> . i. the Note aad paragraphs 1 and 2 hereaf sLall ba applied by I.ender first in payment of amounts payable to Lender by
<br /> -:� Borrower under parngraph 2 hereof.then to interest payable on the Note,and then ro the principal of the Note. � �--'
<br /> ' 4. Prlor Mortgages amd Deedc of 7llv.s� Charges; Ltens. Borrower shaU perform all of Borrower's
<br /> ' obligatloas under az►y mortgage,deed of uust or other security agreEmeat witli a lien which has priority over this _ _
<br />- •�•'� � Deed of Tzust, including Borrower's covenants to make payments when due. Borrower st�all pay or cause to be pa[d =�
<br /> ��� all taaes.as.sessmeats and other charges.firnes and imposidons amibutable to the Pro�rty which may attain a prlority -�
<br /> �, over tt�is Deed of Tcust.and leasehold paymenzs or ground renu,if any. ��.:�-
<br />' '' S.Aszaral Imwance.Barrawer shalt keep the improvements aow existing or hereafter ereated oa the Property _
<br /> ' iasured against loss by fire,hazards included within the cern�'�tended coverage," and such other hazards as I.ender -��
<br />- ,�•J, tnay re�Nire and in such araouats and for such periods as Leader may require. _
<br /> ' . The insurance carrter provlding the tnsurance shall be chosea by Borrower subject to approval by I.ender; ---
<br /> ' ' ' provlde�. that such appmval s1taU not be unmasonably withheld.All insurance policies and renewals thereof shall be
<br /> �•" '��� in a foTm acceptable w Lender and ahall�►clude a standard mortgage clause in favor of and in a forn►acceptable to
<br />,-;�,'r,r=,,.: i,ender.I,ender shali have the right to hold the policies and reuewals thereof. subject to the tenas of any mortgage,
<br />�;� �� drxd of trust or other security�ent with a lien whicb has prlorIty over this Deed of Tnist.
<br />�`:''j G' '`._` In the event of loss. Borrawer shall g9ve pmmpt notice to the insurance carrier and Lender.Leader may cnaice
<br />-�fi;;�;;,��.�,� . proof of loss If aot made pmrapt3y.by Borrower.
<br />��� �`= If the Property is abandoned by Banower.or if Borrower fails to respond to Lender within 30 days from the
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<br />-;;;.��=i•,4. date notice ia mailed by Lender to Bonuwer that the iasurance carrier offers to settle a claim for insurance beaefits,
<br />- �� �i� I,e�der is autborized W collect end appIy ttte insurauce procceds at Lender's option ejther to restoration or repait of . _
<br /> irr;;rs;���.`:;_,<<: the Property or w the sums secured by this DeEd of Trust. ,
<br /> :�-_c:,y:�u;• 6.Preservattmn aad Mainteaence af Propeety: I.easeholds:Con�nminlums:Plenaed Uatt Developmeats. ,
<br /> '' - .=�'�,�.�� Borrower shatl Yeep the Property in good re�air and shall not commit w�ste or permlt Impairment or deterIoration of
<br />�-�'�:_r;}-��� the Property aad shaU comply wich the pmvisions of any lease if tlus Dced of Trust is on a leasehold.If this Beod of
<br />'"-''��;`;;`�` Trust Ia on a uuit in a coadaminium or a plaaaed wlit developm!�t. Bomower shall perform all of Bornower's _______
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<br />_=e L;;; ;;� obHgatlons uader the declaration or covenants creatIug or goveming the oondominium or planned unIt development.
<br />-�-�r��� t4ie by-laws aud reguladona of the condominium or plauned anit development,and constituent doauuents.
<br /> �;;�:,� 7.Protectton oi Lender's 6ecurity.If Borrower fails to perform the oovenants and agc+�ements oontained in Wis
<br />�;�y,;4��� Deed oP Ttust. or u any actioa or pmceeding is comunenced which materlally affects Ixnder's iaterest In the
<br /> Psnpeny, th� ir��isr, at[.ender's ontion, upoa notice to Borrower. may malce auch appearances.dIsburse such
<br /> `°_�---_-- suffiy.including reasonable attom�ys'fas.and take such actioa as is neressary to protett Lender's iateresc.if i�ndcr
<br /> - - — required mortgage insurante as a coadition of tnaking the loaa secured by diis Dced of Trusc,Borrower shall pay the
<br /> __-=----`-"� primiums requi:ed to maiataiu such insurance ia effect uatll such time as the requirement for such insuranoe _
<br /> - "i� terminates in accordaqce wlth�Bomower's and Lender's wrItten ageement or appUcable law.
<br />�.`,'��._-•�� Any amonnta disbursed by L$nder puisuant to thisp h 7�witn intemst thereon, at the Note rate, shall
<br /> _�,� b e c ome a d d i d o n a l i n d e b t e d n e s a o f B o rn o w e r s e c u r e d b y t h i s�o f T n�st. Unless Borrower aad L,ender a g t�e e to
<br /> �,�,�,,;.:r;�, =- other terma of paymeat. such amounts shall be payable upon nottce from L�ender to Bormwer cequesting payment
<br /> theteof. Nothing contained in thia paragraph 7 shall reqwre Lender to iacur any eapensc or take any action
<br /> -=:_�`' hereunder.
<br />_"���'� 8.Irispedfon.Lender may make or cause to be made reasonable enuies upon and inspectlons of the Propeny.
<br /> - °-LL.,.� pmvided that I,ender shaU give Borrower nottce prior to any such inspecdon specifying reaso leEc��for
<br />--�'�",.-_���'�� related to L�tder's interest in the Property. �"a°"
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