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<br /> If the amount of thc Funds held by Lender,toQethcr�vith the future monthly installments ot Funds payable prior �..,
<br /> to the due dates of texes,assessments,insurince premimns cuid g►vund rents, sha11 cxcce�thc amount rcquircd to p�y �__
<br /> satd tnaes,assessments.Msurance p�+emiums and ground mnts as they fuil due, such excess shail bo, at Bonower's _.
<br /> option. either promptly repaid to Borrower or credited to Borrower on manthly instnllments of Funds. lf tha amaemt
<br /> � �• of the Funds held by Lendcr s1ta11 not be sufGcient to pay tsues,assessments.insurnnce premiums and ground rents as ��••
<br /> � they fall due.Borrower shall pay[o Lender any amount necessary to make up the deficiency in one or more payments i
<br /> ��•i"""� as Lender may tequire. ''
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<br /> Upon payment in 1�11 of al!sums stcured by this Deed of Trust, Lender shall promptly refund to Bottower any
<br /> Funds keld by Lender. If under paragraph 17 hereof the Propecty 1s sold or the Property Is otherwise acquired by
<br /> , LPnder, Lender shall apply,no tater than immediately pdor to We sele of the Property or its acquisition by Lender.
<br /> : any F�utds hetd b�+Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br /> � ° 3. Applicntion o!Payments.Untess applicable law pmvtdes otherwise.all payments received by I.ender under
<br /> �,. the Note am3 paragraphs 1 and 2 hereof sua11 be applied by Lender first in payncent of amounts payable to Lender by
<br /> • :<` ger[ower under paragraph 2 hereof.thea to interest payable on the Note,and then to the principal of the Note. ,
<br /> •;,,` 4. PrQor Mortgag� and Aeeds of 'il�vst; Ciiarr'8est �•iens. Borrower shuli perform a!! of Bormwer's
<br /> �.r � obligations under any mortgege. deed of mist or other securiry agreement with a lien whlch has prior�ry over this
<br /> Dced of Trust,including Bomower's oovenants to make paymenta when due. Borrower ahsil pay or cause co be paid
<br /> all taxes,assessueents and other chazges,fines and imPositions atMbutable to the Property whicb may attain a priodty
<br /> ` ����,`'� over this Deed of Tnist,and leasehold��ymenta or ground re�►ts.if any.
<br /> g, II�azard insurance.Bomower shall keep the improvements now existing or hereafter ere�ted on the Property _
<br /> insured against loss by fire.hazards Included with[n the term"eatended coverage,"and such other hazards as I.ender
<br /> � . . may require and in such aznaants and for such pesiads as Lendor may require•
<br /> �� �,�• .I.he ins�r�ce�er pmvid�ng the insurauce shalt be chos�n by Borrower subject to appmval by Lender;
<br /> provided,that such approval shall not be unreasonably witbheld.Ali insurance poiicies aad renewats thereof shalt be .
<br /> in a form acceptable to Lender and shall include a standard mortgage ctause in favor of and in a form acceptable to
<br /> ,..,rr� .`,'� _ _ �r. ��„rt�r.haD have the rtght to hold We policies and renewals thereof.subject to the teims of any mortgage. _
<br /> ;.,,:,,�., , deed of ctust or other secvr�ity agreemeat with a lien�vhicti has priorlty over this�eed of Trusc.
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<br /> - �f In the event of loss. Botrower shall give pmmpt aottce to the insurance carrier az►d Lertder• Lender maY make i
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<br /> ;.'�'�r�;;�` proof of loss if not made pmmptly by�arrower. :
<br /> ��;,�,,-�-Y• If the Propetty is abandoned by�aau�wer, or if Borrower fatls to respond ro Lender within 30 days from the
<br /> "'•.:'` date aotice is mailed by I.ender to Borro�ver that the insurat►ce carrler offers to set¢ie a claim for insurance bsae�ts,
<br />..`::.'i��`" Lender is authorized w callect and apply the u►surance proc�s at L�nder's opdon either to restorat[on or zrp�iz of -
<br /> �:`r��'�°� the Prope�ty or co the sums secured by t6is 11eed oi�'AUSt.
<br /> =..,`.��_,�i 6. Pres�v�tion and Maintenuuce of Propeity,I.easeholcdst�ondomiNums: Pl�nued Unit Develapmeats.
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