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<br /> . lf the amounc of the Funds held by L.ender,together with the future monthly installments of Funds payeble pdor � .;�r
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<br /> to ths due dates of taxes,assessmeats,insurance preix►iwms and ground rents,shall exceed the amount required to pay � `'
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<br /> said taxcs, assessmcnts, insurance pnmiums and ground rents as they fdl due, such caass shall be, at Borrower's T ^�`�-
<br /> option. either promptly repaid to Bonower or credited to Boaower on monthly installments of Funds. If the amount ,,.--
<br /> of the Funds held by Leader shall not be sufficient to pay taxes, assessments, lnsurance premiums and ground rents q__ `
<br /> as they fall due, Bonower shall pay to Lender any aznount necessary to make up the deficiency in one ar more -
<br /> payments as Lender may require. _
<br /> Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any
<br /> Funds held by Lender. If under paragraph 17 hcreof the Property is sold or tbe Propeo;�a°�uis tion byul.endei
<br /> Lender,I.ender shall apply,no later than immedlenlY Prior to the sale of the Property ,_
<br /> any Funds held by Leader at che time of spplicotion as a cralit against the sums secured bY this Dad of Trust. , ;.
<br /> , 3.Ap���etion of Patymenta.Unless applicable law pmvides othenvise, all paymcnts received by Lender under
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<br /> the Note and paragraphs 1 and 2 hereof shall be applied by Lender tirst in payment of amounts payable to Lender by �
<br /> Boaower under paragraph 2 hereof,then to lnterest payable on the Note, and then to the principal of tha Note.
<br /> ��. 4. IMor Mortg�gesi nnd Deeds of Trust; C6arges; Liens. Borrower shall perform all of Borrower's
<br /> ' abllgatlons under any mortgage,deed of tnut or od►er secudry agramen�with a liea which has prlorlty over this �,__
<br /> � Deed of Trust,including Boaower'e covenanta to make paymeata whea due. Borrower shall pay�o�ri h�y�a __
<br /> all taxes, assessments aad other cherges, flnes and i�nPosittons attrlbutable to the Property
<br /> � ; prlority over this Deed of Txwt.and leusehold payments or ground renu. if any.
<br /> Q • 5.Hazard Insurnnce.Borrower shalt kap the improyements now exiating or hereafter erected on the Propercy
<br /> insured againsc loss by fire.hazards inctuded within the term'extended coverage," and such other hazards as I..ender
<br /> 'z=: u�ay requirc:.�d in such am^'u►rc and for such periods as I.ender may require.
<br /> The is�surance carrier providing die inaurance shall be chosen by Bormwer subject to approvai by Lcndac;
<br /> '�,+ provided, that such approval shali noe be nnreasonably withheld.All insurauce Pulicies and renewals thereof shall be
<br /> x:, in a form acceptable to Lender ead shall include a�tandard mortgage clause in favor of and in a forni zccePtable to
<br /> � Lender.Lender shall have the right to hold tlie policies and renewals thereof. subject to the terms of any mortgage,
<br /> deed of uust or other sxurity agrament with a lien which has prlority over this Dad of Trust.
<br /> " .. In tlie eveat of loss, Boaower shall give prompt notice ro the iasurance carrier and L.�nder. L.ender may make
<br /> proof of loss if not mede promptly by Borrower.
<br /> If the Property is abandoned by Boxrower. or if Borrower fails to nspond to I.ender within 30 days from the
<br /> date notia is mailed by Lender to Burrower that the inaurance carrier offers to settle a claim for insurance benefits,
<br /> Lender is authorized to collect and apgly the insurance Proceeds at I.ender's option either to resroration or repair of
<br /> the Property or to the sums secured bY t1�is Dad of Trust.
<br /> 6,preservation xnd Mafntenance of Property L�as�l►alds+ Condominlums; Plwnaed Untt Developmenta.
<br /> � gorrower ahall keep the PropenY in Baodrepair and s�all aot wmmit wastc or permit impairment or detertoratioa of
<br /> �z?r�p�;rty and shall camply with the provisIons of anv le;ise if this Deed of Truet!s on a leasehold.If thia Dad of
<br /> Trust is on a unit in a condominium or a planned unit development. Borrower shall perform all of Borrower's
<br /> obligatiuns under the dcclaratioa or covenants creacing or governiag tha condominium or plannal unit development,
<br /> the by-laws and ngulations of the condominium or planned uait development.aad consdnieat documents.
<br /> ' 7.Protecttoa of Lender's Security.If Borrower fails to perfarm the covenants and agraments contained in this
<br /> y� Deed of Trust, or if any action or proceeding is commenced which materially affects Lender's interest in che —
<br /> property. then Lender, at Lender's o�tion, upon notia to Borrower. may make such appearancrs, disburse such
<br /> ; sums, including reasonable attorneys fees, and take such acdon a� is necessary to protect Lender's interest. If =_
<br /> Lcnder required mortgage insurance as a condition of making the loan secured by this Dad of Trust,Boaower shall _
<br /> pay the premiums required to malntain such insurance in effect until such time as the requirement for such insurance __
<br /> teraiinates in accordance with Bonower's and Lender's written agreement or applicable law. __
<br /> Any amounts disbursed by L.en der pursuan t t o t h i s p u ag r a p h 1, w i t h i n t e r e s t t h e r e on, at the Note rate, shall i^.__
<br /> become additional indebtedness of Bormwer secuced by this Deed of Trust. UNess Borrower and L.ender aa�ent -`�`�_
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<br /> other terms of payment. such amounts shall be payabte upon notice from Lender to Borrower reques g p y _ .
<br /> diereof. Nod�ing concained in this Paragraph 7 shall requ�re Lender to incur any eapense or take any action �°,:.�.;_
<br /> hereunder.
<br /> 8. Inspectton. I.ender may make or cause to be made reasor_able entrles upon and inspections of the Property.
<br /> provided that Lender shall give Bonower notice pdur to any such inspection specifying reasonable causFo mer e s
<br /> related to Lender's interest in che Property• �N���,�:
<br /> (��•76(NE)ieeos� Pep�7 0�8
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