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<br /> I lf Borrawer pays Funds[t�Ixpdrr, tl�e Funcls sliall hr lirld in Kn instiwtion the de���sits ur xccow�ts��f which xrc intiured
<br /> I ^�.i�i�-� .
<br /> I ��r gu:�ranteeJ hy a federal ��r�catc agency (including I..ci�der if L.ender is yuch xn institutiuu). Lrt�der shail ��pply the Funds to ,
<br /> ., I PxY said txxes, �.,sessmenty,insurxncr premiums anJ gruund renes. Lxndar may not charge fur so hnlding und sipplying the '"'•,-;
<br /> ,���_:
<br /> Fu��ds, Kiwlyzing sxid account ar verifyiug and c��mpiling said a.�sessnirnts xnJ hills,unless L.ender pays BO«qWC�IIIICCCtiI UI1 �x,�-R,
<br /> '.'1�'Y-�.
<br /> � thr Tunds and npplicxhle law pemtit�I..ender h�ntake such x cttarge. �nrcower and Lendrr may agree in writiu�;tu the tirne��f .,�.�•K=.=.�
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<br /> � CXrCUlI011 Uf II115 DCC(I Of Tllltil Illii[ IIIICfCSI Op IIIC FUp(Iti 5IlliII I1C [�i�III [(l BOffOWN�. dll� UIIICtiti tiUl'Il Hbl'CCIIICIII Iti Illti(Ir Uf .�:�.-4�=
<br /> � Hpplicable lxw reyuireti such intere,t to be paid, Lxnder shall nut he required to pxy Borruwer any iiiterrst or exrninys�m the '�•���;�,.�
<br /> ' Funds. l.endrr�lutll give tn Burn�wer, wlthuut charge, an annual accuwiting uf tl►e Funds shuwiub cr�dits and debits tu die ..,��r,�Y_..
<br /> ,.�� �+� _
<br /> --^�•' FunJ�and the purpose fur �vhich each debit ro tlte Funds was mxJe. The Fund�are pleJged xa sdditio�u►l security ti�r th�sums t;��..�.__
<br /> _at+� .-::i��-�'�4..::--
<br /> ' secured by this Deed uf Trust. •"'����-��
<br /> • If tl�e aniount of the Funds iield by Lender, togctlier with the fumre monthly in�tallme:ncs of Funds payxble priur t�� die 4,F�.i;�?�"'"
<br /> . 1 -:�"��-- -
<br /> (IUC (INICS Uf INXCti, assessrnents, insura�ice premlun�s and grnund rents, yhall exceeJ di� sunuunt reyuired ta pay 5Al(I I1lXCti, _:�::,!_
<br /> :p.�..�
<br /> assessn�ents,ll15U['sllll'C(1TC1111U/I1S ii11(�$f(lUll(I TCIllS 85 Illry F'sIII(�UC,such excess shxU be,ilI BO[IOWCT's opcian, eithCr�Srontptly •_ ,.-,
<br /> . '` � repaid to Borrower nr credited tn Borrower an monthly in5tallments of Fumis. If ti►e x�itouut uf d►e Funds held by ixnder sttaA r,°_=-_
<br /> .� not be sufficient to pay txxes, asses�menGi,insurance premiums and ground rents us thry fxll due, Uonower,hall pay to Lxnder �
<br /> auy:unount necessary to make up the defictency in one nr niore pxyments�w Lender may �CI�UICC. t�n_,-
<br /> ;� Upon payment in full of all sums secured by thts Deed of Trust, Lender shaU promptly refund to Bonuwer any Funds �`
<br /> ,. held by Lender. If wider p�uagmph 17 hereof the Propeny is sald or the Prapeny is otherwise xcquired by Lender, [xnder shall
<br /> ��� apply, no later than imn�ediately prior w the sale of die Praperty or its acquisitian by Lender,any Funds hrld by Cx:nder at die �;�
<br /> • � time of applicacion as a cre�ic against the sums secured by this Derd of Trust. i`
<br /> � 3.Applicat[on of Payments. U�iless applicable law pruvldes utherwise, all paYmenGti recrivrd by Len der un der t he Nute �_
<br /> , and paragraphs 1 and 2 hereof shull be applied by l.ender first in payment of amounts payable to Lender by Borrawer under
<br /> • paragraph 2 hereof,then ta interest payable on d�e Note,a►td theu co the principal of the Note. "�
<br /> �� 4. Prior Mortgages and Deeds of Trust; Charges; Uei�s.Banowcr sh�ll perfomi ull uf Bonower's obligadons under
<br /> `�` any raongage, deed of trust or other security agreenient widi a lien which has priority over diis Deed of Trust, including
<br /> 9anower's cavenants to make paymenGs wl�en due. Borrawer shall pay or rause to be paid all taxes, assessnients and other —
<br /> . ch:uges, fines and impositions attributable to the Properry which may uttuin a priority over this Deed of Ttust, and leasehold
<br /> paya�ents or ground rents.if any.
<br /> � 5. Hezard Insurance. Bonawer shall keep the impravements now eai,ting or hereufter erected on the Property ituured
<br /> � against loss by fire,haz�uds included within the term "extended coverage,"and such other hazurds as L.ender may requ3re und fn
<br />-- � such antoun�;a�td fer ss�w'tl�ric�l�ac I.ender may rec�uire.
<br /> t. � The i�uurance carrier providing the iiuurunce shall be chosen by Bonower subject to approval by Ixnder;pmvidecl, that
<br /> � such approval shaU noc be unreasonably withheld. All insuruuce policies and renewals thereof shall be Ia a forni acceptxble to
<br /> Lxnder and sh�ll Include a standard mongage claus�in favor of and in u form acceptxble to Lender. Lender shall have the right
<br /> x
<br /> � � . to hold the policies and ren�wals thereof,subject to the temis of any nwrtgage,deed of trust or other security agreement with a
<br /> � lien which has priority over this Deed of Trust.
<br /> ln the event of loss, Bnrrower shaU give prompt natice to the insurAnce carrier and Lender.Lender may muke proof of loss
<br /> If not made prompdy by Borrower.
<br /> , If die Property is abandoned by Bc�nower,or if Burrower Fails to respond to Lender wid�In 30 days from tl�e date natice is �
<br /> - mailed by lxnder to BorrowGr d�ut the i�uurance carrier offers to settle a claim for insur,►nce benrfits, l.ender is authodzed to
<br /> . collect and apply die ia,urance prcxeeds xt Ixnder's option either to restoration or repair of the Property or ro ttie sums secured
<br /> �= � by this Deed of Trust.
<br /> ' � b. Preservatton and Melntenance of Property; Leateholds; Condominiums; Planned [Jnit Developments. Bonow�r
<br /> � � shall keep d�e Froperry in goal rep;ur xnd sh�ll nut commit w�ste or prcmit lmpairment or deterioration of the Propeny xnd
<br /> � �j til�all comply with the provisiorts of any lease if this Deed of T�u�c�a un a leasel�ultl. If this L�::d of Trust l� �n n nnit in a _ ._.
<br /> condomi►uum or a plan�ied uiut develupment, Bonower shall prrfom� all of Bonower's obligadons under the declaratlnn or
<br /> � covenxnts crrxting or governing the condominium or plaruied untt development, the by-laws aud regulations of the
<br /> 4, condominium or pla�uiect unit development,and constituent docunieius. __
<br /> • � 7.Protectton of Lender's Security. If Bonower fxils ro perforn�the covenants and agreem�nts contained in this lleed of
<br /> Trust, or if any action nr prc�ceeJing is enmmenced which materially affe�:ts Ixnder's Interest in the Property, di�n Lender, at _
<br /> • � Lxndcr's option, upon uatice to Bonower, may make such appeur�uxes, disburse such sun�s, ineluding reasoi�ble attorneys' ___ __
<br /> ; fee�, and take such actiun as i,necessary to protect Lender's intrrest,If Lender reyuired mortgage icuurance as a condition of _
<br /> l making the luan secured by this Deed of Trusc, Borrower shall pay d�e preniiums required to n►aintain such inr•urdnce In effect ��..______
<br /> ' until such time xs tlie reyuirement ti�r suci►i�uurx��ce tenninates in aaordance with Bonower's and Lender's written agreement :�'�.`�3'�_—
<br /> :z: �.�—
<br /> ' or xpplicable lxw. '.?r�;;�',--
<br /> � ! Any �unounts disbuned hy L.ender punuant w tl�is paragraph 7, with interest thereon, at the Nete rute, shall become ,; �.._,.,-,
<br /> � + additionxl indebtedness of Bi�rrower secured by this DeeJ c�f Trusi• Unless Bonower xnd Lender agree to odier terms of �'�..��.�
<br /> , � puyment, sucl�amounu shall be pxyxhle upon notice from Lcndrr ta Burrower reyuesting payment thereof. Nuthing contained :
<br /> in this paragraph 7 shall require Lender to incur any expense or take�ny actiun hereunder.
<br /> 8. Inspectian. Lender may make or cause to he made re:i.w��ble entries upon and inspectiinu uf die Property, prnvided
<br /> tl�at Lender shxll give Bnrcawer �uttice prii�r to .my sucl� inspection specif'ying reasu�uble cause therefor related to Ixnder's
<br /> interest in ttie Property.
<br /> 9. Condemnutfon.The procerds e�f any awxrd or clxim tiir d�unages, direct ur cunsequential, in amnectiun with any
<br /> , cu�iJeui��atiun or other takiug of the Prc�perry, or part thereuf, ��r ti�r conveyance in lieu uf condemuation,xre hereby assigneJ
<br /> . . .. . • .. � __.�._ ....�.:.........1..............�'..nv ni.�rtarvnN drri� n£rn�.c ur ather securitv xereen�ent �41fI1 il IICII W�lll'Il
<br /> - l illlU SIISII UC�lillU lU t.c�►uct. aui����u.....,w......... ...y .......a_o_. "". • -
<br /> I ._,..�.___.
<br /> � has pfiettiry over this DeeJ uf Tn�st.
<br /> � 10. Bm•ro�ser Not Released; Forbeurance Bv l.ender Not x �Vaiver. Extea}ie���uf the time ti�r payruent c�r me�ditication
<br /> {
<br /> uf xmurtizatiun af the sums sccured hy this Deed uf Trust graured hy Lender to xny successc�r in interest of Burrower shall ni�t
<br /> � t�perare t��rrlrase,in any manner, the liability uf tl�e originxl Bnrrenser and Burrc�wer's xuccc.sor, in i►urrest. Ixnder shall not
<br /> i Ne r�yuirr.d to cu�ume�ne prucrediugs xgainst sucli successar c�r refuse tu rxtcnJ time ti�r payuunt ur otherwise modify I
<br /> ' �murtiz�►tiun ut' the sunis �ccurcd hy this D�eJ of Trust by reasun of xny demand mxd� by the urigi�►al Borrower xnd
<br /> � Burruwer's successun in i�ncrest. Any furhearancr hy Lencler i�i ex�rcising any righe ur remedy hrreunder, or otl�envise �
<br /> xfti�rded hy xpplicahle la�v, �h;�ll nut be a waiver uf ur precluelc tli� eaercise of ai►y xuch right or rr.medy.
<br /> �orm 3828
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