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<br /> � # tf thc amount of Ihc Funds hcld by L,cndcr,togethcr with thc futurc monthly installmcnts of Funds payable prior =
<br /> , , � ro thc duc dates of taxes, assCSSmcnts, insurance premiums and ground rents,shall excccd the amount required to pay _
<br /> said taxes, assessmenp, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's
<br /> uption, either prompAy repaid to Borrower or crcdited co Borrower on moi►thly installmcnts of Funds. !f the amount
<br /> �,,,;�,��� of thc Funda hcld by I.ender shall not be sufficient to pay texcs,asscssments, insurance premiums and ground rents
<br /> as they fall due, Borrower shall pay co Lender any amount nr,cessary to make up the deficiency in one or more
<br /> �� payments as Lcnder may rcquirc. _
<br /> Upon payment in full of all sums sccured by this Dced of Trust, Lender shall promptly refund to Dorrower any ;_`
<br /> � � # Funds hcld by Lander, If under pazagraph 17 hereof the Property is sold or the Property is otherwise acquired by
<br /> � I.endcr, Lcnder shall apply, no later than Immediately prior to t hc s a le o f t he P roper t y o r i t s a c q u i s i[i o n b y Lender, �
<br /> any Funds held by Lender at the time of application as a credit against the sums secured by this Deed af Trust. _
<br /> 3. Application ot Peyments.Unless applicable law provides otherwise, ali payments received by Lender under -
<br /> the Note and ara ra hs 1 and 2 hercof shall be a lied b Lendcr first in a ment of amounts a ablc to Lender b �-
<br /> P S P PP Y P Y P Y Y �a
<br /> �� Bonower under paragraph 2 hereof,then to interest payablc on thc Nutc,and then to the principal of the Note. �.
<br /> � 4. Prlor Mortgages and Deeds ot Trust; Charges; l.lens. 8onower shall perform all af Bonower's
<br /> obllgations under any�nortgage, deed of trust or other security agreement with a lten which has priority over this _
<br /> Deed of Trust, includin� Bonower's covenants to make paymencs when due. Borrowrr sl�ail pay or cause to he pai�
<br /> all taxes, assessmants and other charges, fines and impositions attribGtable to the Property which may attuin a
<br /> priorlty over this Deed af Trust,and leasehold payments or ground rents, if any. _
<br /> 5. Hazard Insurance. Bonower shall keep thc improvements now existing or hercafter crected on the Propercy
<br /> Insured against loss by�re, huza:ds included within the ternt"extended coverage," and such other hazards as L.ender
<br /> may require and in such amounts and for such periods as Ixnder may require. -
<br /> The insuranc�carrier providing the insurance shall be chosen by Bonower subject to approval Uy Lender;
<br /> provided, that such approval shall not be unreasonably withheld.All Insurance policies and renewals thcreof shall be
<br /> in a form acceptable to Lender and shaU include a standard mor[gage clause in favor of and in a form acceptable co
<br /> Lender. Lender shall have the right[o hold the policies and renewals thereof, subject to the terms of any mortgage,
<br /> deed of trust or other secudty agreement with a lien which has priority over this Deed of Trust.
<br />°------ in che evenc of loss,Borruwcr shall g[�e p�onpt nati;,c t��h�irauras:ce csrrler snd L�nd�r. Len�iFr may make
<br /> proof of loss if not made promptly by Borrower.
<br /> If the Property is abandoned by Borrower, or if Aonower fails to respond to Ixnder within 30 days fr�m the
<br /> date notice is mailed by L.ender to Borrower chat the insurance carrier offers to settle a claim for insurance benefits,
<br /> Lender is authodzed to collect and apply the insurance proceeds at Lender's option either to restoration or repair of
<br /> , the Property or to the sums secured by this Deed of Trust.
<br /> 6. Preservatfon and Matntenance of Property; Leaseholds; Condominiums; 1'lanned Unit Developments.
<br /> Borrower shall keep the Properry in good repair and shall not commlt waste or permit impaicment or deterioration of
<br /> the Propeny and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. If this Aeed of
<br /> ' Trust is on a unit fn a condominium or a plamied unit development, Borrower sh�ll perform all of Bonower's
<br /> � obligations under the declaration or covenants creating or goveming the condominium or planned unit development,
<br /> the by-laws and regulations of the condominium or planned unit development,and constituent documents.
<br />� ' 7.Protectton ot Lender's Security.If Borrower fails to perform the covenants and agreemeats contalned in this
<br /> . Dced of Trust, or if any action or proceeding is commenced which materially affects I.ender's interest in the
<br /> Propercy, then Lender. at Lender's option, upon notice to Borrower, may make such appearances, disburse such
<br /> sums, including reuonable attomcys' fees, and cake such action as is necessary to protect Lender's interest. If
<br /> Lender required mongage insurance as a condition of making the loan securcd by this Deed of Trus[. Horrower sliall
<br /> pay the premiums requ►red to muintain such insurance in effect until such time as the requiremeitt far such insurance
<br /> terminates in accordance with Bonower's and Lender's written agreement or applicable law.
<br /> � �� Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Note rate, shall
<br /> .ti• become add[tional indebtedness of Bonower secured by this Deed of Trust. Unless Aorrower and Lender agre� to
<br /> . �` other tercns of payment, such amounts sha11 be payable updn notice from Lender to Bonower requesting payment
<br /> � '� thereof. Nothing contained in this paragraph 'l sh�ll require Lender to incur any expense or take any action
<br /> hereunder. _
<br /> . �. Inspection.l.ender may make or causc to be made reasonablc entries upon and inspections of the Property, �
<br /> , provtded that Lendcr shall glvc Borrower nocice priur to any such inspection specifying rcasonable cause therefor -.-
<br /> relaced to Lender's interest in the Property. Form 3e2e '`'-
<br /> � •76(NEI 196ot� ropa 3 oi 6 ��roe�s� , .Ix'� " -
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