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<br /> If Borruwer pays Funds to Lxnder, the FunJs shxll he held in an institutiun the Jepnsit,or accounGti of w ic tnsured y„�=Aµ=p
<br /> . or�uar�nteed by a fedrral ur swtc agency (ineluJing Le�ider it'Lxnder is such an institutiun).LxndCr,hxll xpply dte Funds to • , ��.---
<br /> pay said txxes, xssessmen[s, iityurum� prcmiutn� and 6re�unJ rents. Lxnder mxy not chxrgr fiir so hulding xnd xpplying thr `"`�•
<br /> •��
<br /> Funds,anxlyzing�atd accuunt or verifying anJ compiling said a,sessmcnts and hiUs, unless Lender pays Borrower interest on =
<br /> the Funds and applicxble law {�emiits Lxuder ro make such a charge. Borrower xnd Lxnder may agrr.e in writing ut the timc of . �,.�J•:
<br /> � executlon of this Deed of Trust that interest cm the Funds shall be paid ta Bottawer, and unless such agreement is made ur ��;,'�T;�_,
<br /> � applicable law �eyuir�s sucl� interest to be pxid, Lender shall nat be reyuired to pay Borrowee any intrrest or earningti on the �.��,�,•rM��'`�
<br /> I Funds. lxnder sl�all give to Borrower, withuut charge, an annual accounting c�f the Funds sbuwing credlGC and debiGti ro the ': �!�;�;�
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<br /> , �; Fu�ids and the purpose fur which ea�h debi�n�the Funds wa,made. 71►c Fuuds arr plcdged as aJditieinal,ecurity fi�r the sums .,,���r_
<br /> .,;,�:.r�" •', secured by this Deed nf Tru+t. �'' �'�
<br /> If the umc�unt af tl�e Funds held by ixndee, togedier with the future mcmd�ly instullnienta uf Funds payable prior to die •:�;��`
<br /> _. ,,.....�.n. _ ..
<br /> due clxtes nf taxes, assessments, insurance premiums und grounJ rents, shall exceed dir xmount required te� pay said u►xes, .�,�,��
<br /> ' assessments, ia�urxnce premiums and ground rents as thry fall due,sucli�xcess sh�ll be,at eurrawer's option, either prompdy '„�;:.;�N'�
<br /> = repaid to Bonc�wer or credited ta Borrower nn manthly irutallments of Funds. If d�e amount of the Funds held by Lender suall `' -
<br /> not be sufficient ta pay txxes, assessnienGS, insurance premiums and ground reuu us d�ey full due, Borrawer shall pay to I.ender ;�::___ --
<br /> � any amount necessury to niuke up the deficiency in one or more paymenGS su l..ender may require. �;_;,-___
<br /> Upan paynient in full of xll sums secured by this Deed of Trust, i.ender shall prampdy refund to Bonower any Funds ��
<br /> � held by Ixnder. If under puragraph 17 hereof the Property is sold or the Property is otherwisc acquired by Lxnder, Lender shall �_�-;�.-
<br /> '� � apply,no later than immediately prior to the sxie of the Property or its acquisitton by Lender,any Funcls held by I.ender at the �-=
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<br /> 3" time of applicadon as a credit against the sums secured by this Deed of Tntst. �--•��
<br /> � � 3.Applicatfon of Payments.Unle`y applicable law provides otherwise, all payments received by L.ender under the Note ��sn
<br /> � ��
<br /> and paragrapl�s 1 and 2 hereof shall be applied by L.ender first in payment of umounts payable to I.ender by Horrower under �,._
<br /> paragraph 2 hereof,then to interest payable on the Note,and then to the principal of the Note.
<br /> � � 4. Prior Mort�aQes and Deeds of Trustt Charges; Liens. Borrowcr shall prrform all of Borrower's abligations under �;-
<br /> �. uny mortgage, deed of tnist or cnher secudty agreement with a lien whlch has prioriry over this Deed of Trust, inclu�ing `-
<br /> Borrawer's covenants to make paynients when due. Bonower st�xll pay or cause to be paid all taxes, assessmenc, and other -
<br /> � charges, finss and impositions attributable ro die Property which may attxln a prioiYry over diis Deed of Trust, and lesisehold
<br /> payments ar ground rents,if any.
<br /> 5. Hazard Insurance. Borrower shaU keep the improvemen[s now extsting or here:tfter erected on the Property insured
<br /> �' against loss by rire,hazxrds includeci within the tem� "extended cuverage,"and such uther hazurds as Lender may require aud fn
<br /> such amowtts and for such periocia as I.ender may require.
<br />_ __ __ _ < '�r}��i�pr_.r cHrrier pmvidine ehe insurance shall be chosen by Borrower subject ro approval by Lender; pravtded, that
<br /> , �.� . such approv�l shall not be unreas�nably widiheld. All insurancr policies and renewals thereof�hall be in a farm acceptable to
<br /> b.� L.�nder and sh;sll include a standard mortgage clause in favar af and in a fomi acceptable to Lender. Lender shall have the right
<br /> � to hold the policles and renewals thereof, subject ro the terms of any mortgage,deed of trust or otlier security agreemept with a
<br /> �
<br /> lien which hxs prlorlty over this Deed af Tru�t.
<br /> �, ln die event of loss, Bonower shall give prompt nntice ro die Insueance carrier and Lender. l.ender may make proof of loss
<br /> if not made promptly by Bonower. --��-
<br /> If the Property is abandoned by Borrower,or if Borrower faUs w respond to Lender within 30 days&om the clste nodce Is _
<br /> ' mailed bp Ixnder to Bonower that die insurdnce carrier offers to settle a claim for insurance benefits, Lender is uuthorized to
<br /> � collect and apply the icuurance proceeds at Lender's option either ro restoratinn or repair of the Propeny or to the suras secured
<br /> by this Deed of Trust.
<br /> •:� 6. Preservation and Malntenance of Property; L,easeholdsi Condominiumsi Plannai Unit Developmenks. Bonower
<br /> shall keep the Property in good repxir and shall not commit waste or permit impairment or deteriomtion of the Property and
<br /> y. shall comply with the provisiuns of any lease if this Deed af Trust is on a leasehold. If this Deed of Tcust is on a unit in a
<br /> condominium or x planned unit development, Bonower shall perforni all of Bonower's obligations under the declaration or _
<br /> covenants creating or governing the condorainium or planned unit development, the by-laws xnd regulations of the M
<br /> � cnndominium or planned unit development,and constituent documents. ___
<br /> ���, 7.Protection of Lender's Security. If Borrower fails to perforn�the covenunt�and agreements contafned in diis Deed of -_
<br /> `� Trust,or if any accion or prcxeeding is commenced wUich matecially affects i.ender's interest in die Property, then Lxnder, at _
<br /> Ixnder's e�ption, upon notice tn Borrower, may make such appwrAnces, disburse such swns, including rexsonable attorneys'
<br /> �':...
<br /> . fees, aud txke such action as is necessary to protect Lender's interest. If Lender required mongage i»surance us u condition of .
<br /> : making the laan secured by this Deed of Trust, Borcower sh�ll pay the pren�iums reyuired to maintain such iiuurance in effect ---_�_�
<br /> � until such time a.s the reyuirement fiir such insurance terniiiwtes in accordan�e with Borrawer's:u�d Lei�der's written xgreement , �
<br /> ur applicable law. - • .'-. —
<br /> .:.'y;-,s,._
<br /> Any amounts disbursed by Lender punuant to this paragrxph 7, with interest tl�ereon, at the Note rate, sh:tll become • •r;-.,-.._.__
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<br /> additio►ul indebteJness uf Burrowrr secured by tl�is Deed i�f Trust, Unlex� Borrower and Lender agree to odter terms of -=��-__
<br /> payment, such amounts shall he pxyable upon ne�tice from Lxnder to Borrower requesting payment thereof. Nod�ing contained ��'�:����w;�:•
<br /> in this paragraph 7 shall rcquire[xnder to incur xny expense ur tnke any acti��n hereunder. ' ."�
<br /> � 8. Inspection. Lender may mxke��r cause to he mxde reasonahle entries upon and iiupec;tions of the Property,provided
<br /> that Lender shall give Bcirrower notice prior to any sucl� in�prcti��n speci'tying nascsnable cause dtemti�r related to Le;nder's
<br /> interest in dte Propeny.
<br /> 9. Condemnation. The proceeds of any xwxrd or claitn fur damxges, direce en conseyuential, in connection with xny
<br /> ccmdemruti�m ur other taking uf the Pmpeny, ur pan thereuf, ur fvr conveyance in lieu uf condem►uition, are l�erehy xssigned
<br /> � and shall be paid tu Lender, subject te�tl�e rern�s of any nwiYgage,deed cif trust c�r other securiry xgreement widt a lien which
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<br /> 10. Borrower Not Released;Forbearance Sy Lender Not n�'Veiver. Exteusiun of the time ti�r payment or moditication f
<br /> ; c�f�unc�rtization of the sums securrd by this Deed uf Tnist grxnreJ hy Lendrr tu any successor in interest of Borrower shall not I
<br /> � operxte tu release, ii�any mxnner,the lixbiliry uf the origi►ul Burrower aud Borrower's successun in interest. Lender shxll nut �
<br /> br reyuired te� cummence proceedings agxinst such successor or refuse te� extend time for payment ar udienvise modity I
<br /> a►nutti�ticm uf the sums securrd by this DeeJ nf Truxt by reasuii uf any demanel m�Je hy tlie ciriginal Hurrower and
<br /> Bc�rruwer's success��rs in inrerest. Any tiirbearancr by Lender in exrrcising any right ur remedy herewider, c�r otherwise
<br /> xfti�rded hy applicxhl�law, shall nut he x wxivrr e�f ur preclude tl�e exercise of auy such right��r remedy. I
<br /> Form 382H I
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<br /> � aage 1 u�a I
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