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<br /> ; � � 97-��,Q58 ' �:'��.�-
<br /> � If Borruwer pays Fuixl.r• to LR:�xlrr, th� Futxls slisll tx:held in w� ii�.tidtudon the de�wsits or acc�unts nf which sre �ny�eJ �` _-.::-
<br /> h�.;:A:—
<br /> � ar guuranteed by u federxl or state ageucy(iucluding Lkiuler if Ixndrr is such an iiutitution). L.ender shall apply d�e Funda to . , _
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<br /> ' , pay said taaes, assessnienta, insur.ux:e premlums und grouixl reuts. I.ender may nnt cl�arge for so holding and applying the a-
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<br /> ; � Futxis, analyzing said account or vedfying aixl cumpiling said assessnienGg aixl bills, unless Lendet pays Bonower interest on __ f_
<br /> ' the Fundv and applicable law pemiits I.ender ta make sucl� a chacge. Borraw�r and I.ender may agree in wrltiug at the time af '��',�:�
<br /> •� execudon of this Deed of Trust thut lnterext on die Funds shall be paid to Borrawer, and u��le�s sucli agreenient is made ar �_;��r
<br /> applicable law requires sucb interest to be paid, Lender shall not be required to pay Bonawer any inrerest or earning5 oti the �1"�:.,_
<br /> � �q � Funcls. Ixnder shall give to Bonower, without churge, an a�u►ual accauntiag of dic Fuuds sltuwing credits iu�d debits tu d�c �;_-__ ��
<br /> �3 ' Puncls and die purpose for which each debit to the Funds was niade.The Funds xre pledged as additional security for the sums �__
<br /> ""�� + secured by this Deed of Trust. e
<br /> t..+�..M-•'°�'S �--:�:--
<br /> If the amount oF the Funds held by lxnder, toged�er witli the tuture monthly in5udlmenu aF Funds payable pdor to the
<br /> due dxtes of taxes, assessments,Insurunnce remlums and round rents, shull exceed the amount requlred to pay sxid taxes, �=:��
<br /> u P S �::�:—.
<br /> � '� assessmettts,Insurance premiums tind ground rents as they fxll due,sucn excess shall be,at Borrower's optiau, either promptly v:�-�-=
<br /> � 5 repaid to Bonower or credited ro Borrower on montWy i�utallments of Punds.If thc Funount of tl�e Funds held by Lender shall �`` -
<br /> �.-•
<br /> not be sufficient to pay tuxes, assessYnenGS,lnsurance premiums and ground rents as they fall due. Bonawer shall pay to Lender ��.
<br /> �� ^•� �nny amount necessary to mak�up the deficiency in one or more payments as L.eader may require. ;;=
<br /> � Upon payment in full of all sums secured by this Deed of Tnist, I.cncler shall prompdy refund to Borrower any Funds
<br /> ;� held by Lender.If under puragraph 17 hereof the Property is sold or the Propeny is othenvise acquired by Lender,I..ender shall r,
<br /> � � apply, no later than tmmediately prior to the sale of tlie Property or its acqutsition by Lender,any Funds held by L.ender at the _
<br /> �� i time of application as a credit aga[nst the sums secureci hy this Deed of Trust. � __
<br /> . Y 3.Appltcat[on of Payments. Unless applicable law provides otherwise,all paymeats received by Lender under the Noce __
<br /> �. and paragraphs 1 and 2 hereof shall be applied by Lender first ia paymenc af amounts payuble to L.ender by Borrower under -
<br /> . � patagraph 2 hereof,then to interest payable an the Note,and then to the principal of the Note. -
<br /> 4. Prlor Mortgages and Deeds of Trust; Charges; Uens. Borrower shall perfotm all of Borruwer's oblisations under
<br /> any cuartgage, deed of trust or other security agreement with a lien which has prior!ty over this Deed af Trust, including
<br /> .� Banower's covenants to make payments when due. Borrower shall pay or cause to Ue paid all teaes, assessments and other
<br /> charges, fines aad impa�Idons attributable to the Pcoperty which may attatn a priority over this Deed of Trust, and leasehold
<br /> �_ payments or ground reats,if any.
<br /> .�. 5. Hezard Insurance. Boaower shall keep the tmprovements now existing or hereafter erected on the Property insured
<br /> against lass by fire,hazards included within the term"extended coverage,"and sucli other hazards as Lender may require and in
<br /> —_-- -� such amot:tt�:su3 for such peric+tls as 1 r_.nder may require.
<br /> The insurance carrier providing the iasurance sLall be choseu by Bonower subject to approval by Lender;provIded, that
<br /> �'. such approval shall not be unreasonably withlield. All insurance policies aad renewals thereof shall be in a forra acceptable to
<br /> L.ender and shall include a standard wortgage clause in favor of aad jn a form acceptable to Ixnder. I.ender shall have the right
<br /> to hold the policies and renewals thereof,subject to the terms of any mortgabe,deecl of trust or ath�r security agreement with a
<br />- lien wt�ich has priority over this Deed of Trust.
<br /> , In the event of loss, Bonower shall give prompt notice to the insurance carrier and Lendet. Lender may make praof of toss
<br /> ' if no!made promptly by Borrower.
<br /> � If the Propeny is abandoixd by Borrower,ar if Borrower fails ro respuud to Lender withln 30 days from the date uatice is
<br /> mailed by Lencfer to Borrower d�at the ii�suruiue carrier offers ro settle a claim for insurance benefits, Lendor is authorizal to
<br /> , I collect aixl apply d�e insuran�e prc�ceeds at Lxnder's option either to restoradon or repair of the Property or to the swns secured
<br />-•. �
<br /> by thls Deed of Trust.
<br /> .., 6. Preservatton and Malntenance of Propertyi �ho�ds+ Condornlniumc; Planned Unit Dev opma�ts. orrower
<br /> - �...
<br /> -- .. � o{iia� 1�{.{r� i1i;. :'rapc.r:y in goc�rcgu::a:� '.:.h:.�3 :IOS G:OtSt.'I2:: waste or gemz�t u„gairmer.t or d�'t�rjnrarinll of�hP Pm�+rrty And
<br /> shall con�ply wtth t�e provisions of any lease if this Deut of Trust is on a le.;�hold. If tltis Deed of Trust is on a unit in a
<br /> _ ,i condomiaium or a planned unit development, Bonower shall perform all of Boaower's abligations under the declaration or
<br /> covenants crexdug or governing the condominium or planned unit development, the by-laws and regulations of the
<br />- condotninium or planned unit developmeut,and constituent do�uments. _
<br />�- 7.Protectton of Lender's Security.If Bonower fails to prrform ehe covenants and a�reements contained in this Deed of
<br /> Tcust, or if any action or proceeding is commenced which materially affects Lender's iuterest in tLe Property, tlieu Leixier, at =
<br /> , �. L.ender's option, upon nodce to Borrower, way make such appearances, disburse such sums, including reasonable attorueys' �._
<br /> � fees, �tad take such action as is necessary to protect Lendet's intetest. If Lender required mortgage insurance as a condition of :��
<br /> , ; ; making the loan secured by tbis Deed of Trust, Bonowe:sl�all pay the premi�ms required to maintain such liuurance in effect
<br /> ' �I unal such tinie as the requirement for such insurance temiinates in accordance widi Borrower's and Lender's written agreement �w-�
<br /> ' � ur applicable law. �`�`_`
<br /> �� My amounts disbursed by Lxnder pursuant to this p:uagraph 7, with interest thereon, at the Note rate, shall become - _
<br /> -- additionxl indebtedness of Bottower secured by d�is Deed of Trust. Unless Borcower and Lxnder xgree to other tern�s of . ;
<br /> - payment, such attiounGti shall be payable upon notice fcom Lender to Banower reyuesting payment thereof. Nothing contained
<br /> � in d►is paragraph 7 shall reyuire Lender to incur any expet�e or take any action hereunder.
<br /> _ i 8. Inspection. Lender rnay make or cause to be made re:won:tble entrirs upou :u�d iiupec:tiaus of the Property, provided
<br /> - � that ixnder shxll give Butrower notice pri��r ro any such inspection specifying rcaso»able cause therefor related to Lender's
<br /> • interest in d�e F'roperty.
<br /> . 9. Candemnation. The proceeds of any award ur cl�tim fc�r damages,direct or co�uequential, in connecuon with any
<br /> conden►nation or uther txking of the Property,or pxrt thereof, or for c:onveyanc�in lieu of condenmation, are hereby asyigned
<br /> . ..� .. ..._„�- --:., ..•' ---'-- ....�:..,......t........,..�..c...,.� .,,..n..�na d,.�d nf mict nr nthrr ceruritv aureement with a lien which
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<br /> ' has priurity over tliis Deed ofTrust.
<br /> 10.Borrower Not Released; Forbearance By Lender Not a Waiver. Extetuion of die time ti�r�ayment or maditication
<br /> af:unonization c�f the sun�s secured by this Deed of Trust grxnted by Ixnder to any successiir in interest of Borri�wer shall not
<br /> - operate to release, in any matmer, die liability of the origi»al aorcower und Burrower's successe�n in interest. Lender sliall not ,
<br /> he required tu c:cmmience prixeedings agai�LSt such suecessor or refuse to exrend time fur paymeut or otherwise modify �
<br /> amortizatiun of the sums secureJ h}• this Deed uf Trust by reason of auy drmaud mxde by the iirigiiul Bc�rrower and '
<br /> I
<br /> , Borrower's successors in interest. Any forhearaiice by Ix�idrr in exercising auy right ur remedy hereunder, ar othenvise �
<br /> ; affurded by applicable law, sliall nut he a waiver eif or preclude the exercise of any such right or rcuiedy. �
<br /> _ I Form 3828 �
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