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<br /> " �f[�ne�•n��ec pays[�w�ds to Lc�der,tl�e FunAs sitall be held in n�Institution the deposits or lccounts oF vl�ich Cse ,
<br /> • ins�ircd oe aunraFitec�l by n!'cderral oe stnte nPency;includlti�l.cn�cr if L�ndcc is such an instituHon).l�cndet•shnll�ag��fy
<br /> tlie�unds ta�ay,satd tnxes,nssessments,insurnn�a premlums cuid g�•aund cet�ts.Lcndee onoy not chaege foc•so iiol�l.?e�B,
<br /> �; . �.,.
<br /> ' • • and applying t{�e Funds,anolyaing said aceount oe veriPy[ng and compiling suld assessments nnd trills.unlcss f ender � ���
<br /> ��� , � a Dorrower intcrest on thc Funds and a Ilcuble law eemits Lender to m�kc such n char c.�oreo�vcr r�nd Lendcr ,.;,.
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<br />°��,�`.��sR��?"';~''" may agrcc in writing ut the timc of exccution of this Deed of Trust thnt interest on the Funds shnll be pnid to Rorrowcr, — .
<br /> �__,;�._ .�.n., � and unles�svch n�reement is m<de or appiicntdc Inw re�uires snch intcrest to Ue pc+id,Lendcr shall not bc requlecd
<br /> — - �'=�'�•'Y�'`'1 to a Borrower an interest or curnfn s on the �unde, Ixnder shall ivc to t3orrowcr, without char e, an annual �R"
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<br /> ,�i��=-_ -� '��� arcoiroting of the Funds showing credits and debita tu tho Funds and the purposo fnr which euch dcbit to the Funds wns ���---
<br /> ='' _ ,.:.,,;� � made.The Funds arG plcdgcd as udditional sccurity f�r thc sums secured by thls Doed of Trust. �?�`"
<br />—'��'� �` � : , , If 4he�mount oFthc Funds hcid by Lcnder,togcther with thc future monthly inst�ilments of Funds payable prlor to `
<br /> ��. . � ' r� thc due dntcs of toxes,ussessments,tnsurance premiums nnd ground rents,shall cxcced the nmount rcquired to pay said '
<br /> t"� ' essment5 insurance remiums nad round rents as the fall dae,such cxcess shall be,at 8orrower's o ttan, �"�•F
<br /> � taxes, ass � P B Y P �• ��
<br /> �`'''�, � either rom tl re aid to Horrower or credited to�3oscowar on mcnthl installmcnts of�unds. If ti�c nmount of the
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<br /> • ��� �� Funds held by Lendershall not bc sut�icicnt to pay taxes,assessments,insurnnce premiums and ground rents as they fnll ,�..
<br />',r �. duc,Borrawcr shall pay to Lcndcr any umount necessary to make up the deficiency in one or marc p�ymcnts as I.ender �_:;
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<br /> : - •� � Upon payment in full of all sums sccured by this Deed of Trust,Lcuder shall�romptly refund to Borrower uny ��-
<br /> � '! � Funds held by Lender. If undcr paragraph 17 hereof the Property is sold or the Pcoperty is othcrwise acquircd by '="`"�-
<br /> F Lender,Lender shall upply,uo lalee thn��l�iiu�ediately�rior to the sale af the Peaperty or its acqutsition by LcnBcr,any w=.'_.
<br /> ' ^ Funds hcld by Lender at thc time of application as n credit agninst the sums secuted by this Dced of Trust. ��-�
<br /> 3. AppllcaUon o[Paymente. IJqless applicable law provides otherwise, all payments teceived by Lender under �i
<br />-- �� the Notc and paragraphs 1 und 2�hcn,of shall be appli�d by Lender first in payment of atnounts puyable to Lender by �,
<br /> -, Borrowce undcr paragraph 2 hcrcof,then to interest paynblc on the Note,and then to thc principal of thc Note.
<br /> ' 4. Prior Mortgages and Deerl�of Tn�t; Char�es; Llena. Borrawer shall perform aU of Borrower's obligations �
<br /> � undcr any mortga�e,deed of trust or other security ugreement with a lien which has prtority over this Deed of Trust, �`��
<br /> including Borrower's covenants to make payments when due. Borrower shall pay or cause to be paid all tar«s, :
<br /> asscssments and othcr chargcs,fines and impositions attributable to thc Property which muy attnin a prlority over this 'd� ,
<br /> � Deed of Trust,and leasehold payments or ground rents.if uny. ' ,
<br /> " 5. Hazard Insurutce. Bonower shall kcep the improvements now existin�or hereafter crected on thc Property .,
<br /> � iiisu�e�aga3rsi lass h�P.rc�ha:.ards;r.c:udec!•�:lhia:f:�:er:::••cxLer.d�ccee:�ge",s^.d:ush�th�r ha��ds� �p �p� ,,,
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<br /> • may require and in such amounts and for such periods us Lendcr may rcquirc. "•'; .'.
<br /> ' The insurance curcier providing the tnsurance shull be chosen by Bonower subject to uppraval by I.ender;provided, 'a�+�=
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<br /> � ., that such approval shall not be unreasonab(y withhcld.Aq insurancc policies and renewals thereof shall be in a form `1`:'•
<br /> ,'•.�; acccptable to Lendcr and shall include a stundard mort�age clause in favor of and in a form acceptable to L.ender. '�;`
<br /> Lender shall have thc right to hold the policies and renewals thereof,subjcct to the tcrms of any mortgage,deed of trust ,
<br />� � • or other security agreement v�ith a lien which has priority over this Deed of Trust. '
<br /> In the event of loss.Bonower shall give prompt notice to the insurance carrier and Lender.Lender may make proof '
<br /> � of loss if not madc pramptly by Borrower.
<br /> If the Property is abandoned by 8orrowcr,or if Sonower fails to respond to Lender within 30 days from the date
<br /> ' noticc is mailed by Lcnder to BoiYOwer that the insueance carrier offers to settle a claim for insurancc benefits,Lendee is
<br /> � authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of tlte
<br /> �'�;_ • Property or to the sums secured by this Deed of Trust.
<br />— ' 6. Pecservatton ac�d Mdntenancc of Propertp; I.cascholdls; Condomtntume; Plonned Unit pevelopments. Bor-
<br /> `;;��.1 rower shall kcep the PKOpectyitt good repait and'shaU not commit waste or permit impairment or deterioration of the
<br /> ��"'''' � Property and shall comply with the provisions of any lease if this•Deed of Trust is on a leasehald.If this Deed of Trust is
<br /> . '' on a unit in a condominium or a planned unit devclopment,Boc•rower shall perfotm all of Borrower's obligations undcr
<br /> ' the declaration or cove�ants creating or governing 4he condominium or planned unit development, the bylaws and
<br /> regulations of the condominium or planned unit development,and constituent documents.
<br /> . 7. Prota�tion of Lcndcr's Security. If Borrower fails to perfortn the covenants and agreements contained in this
<br /> Deed of Trust.or if any uction or proceeding is commenccd�vhich maicrially affects Lcnder's interest in the Property,
<br /> ., then Lender,at Lender's option,upon noticc to Borrower,may make such appearances,disburse such sums,including
<br /> = reasonable attorneys'fses,and take sach action as is necessary to pro.ect Ixnder's interest.If Lender required mortgage
<br /> '•= �. ' ' insurance as a condition of makins the loan secured by this Deed of Trust,Borrower shaU pay thc premiums required to �'��;'�
<br /> ��
<br /> � • mnintain sueh insurance in effect until such time as the requiteme�t for such insurance terminates in accordance with
<br /> � �� Borrower's�nd Lender's written agreement or applicable law.
<br /> � . Any amounts disbuesed by Lender pucsuant to this paragraph 7, with interest thereon, at the Note rate, shall
<br /> .ty• � becomc additional indebtcdncss af Borrower secured by this Deed of'I'rust. Unless Borrower and I.ender a�rec to
<br /> �� othc� terms of payment,such amounts shall be paynble upon noticc from Lender to Borro�vcr requcsting payment
<br /> � thcreof.Nothing contained in this paragraph 7 shall require Lender to incur any expense or take any action heteunder.
<br /> { .,'�'� . 8. In�pection. Lender may make or cause to bc made rcasonablc entries upon and inspections of thc Pro�crty,
<br /> 4•:: ' provided that Lender shaU give Borrower notice prior to any such inspection specifying reasonoble cause therefor
<br /> related to L..ender's interest in the ptoperty. �
<br /> '�,�� • 9. Condemnatton.The proceeds of any award or claim for damages,direct or consequential, in connection with j�'� �
<br /> �- ---�---'-----. ..------.- �'�__�5.... ..�..�1.����L:......0�f.� U«...�.�.. .........� �M...e..t ... �n.n..n..s.,o..nn in tin�� nf nnnilarnnntinn �rn l'"-
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<br /> i,, hereby assigned and shall be paid to Lender,subject to the terms of any mott�age,decd of trust or othcr security agrec• ;
<br /> __: � mcnt with a licn which has priority over this Dccd of Trust. I
<br /> __ , i0. �orrower Not Rcleaaed; For�bcarRnce By Lc�der Not a Welvca Extension of the timc for paymcnt nr
<br /> _; � �� modificntion of arnonization of the sums secutrd by this Deed of Trust grantcd by Lcnder to any succcssor in interest of %
<br /> o: � - '' . Borrowe�r shgll no:operate to release,in any manner.thc liability of 4he original Borrower and Bono�ver's successors in �
<br /> w. ,� iaterest.Lender shall not be required to commence proceedings against such successor or refuse to extend dme for pay- ;
<br /> mcnt or othcnvisc modtfy amottizution of thc sums secured by this Dc�d of Trust by reason of any demand made by the
<br /> �� � � original Bonower and Borro�ver's successots in interest.Any forbearancc by Lender in exercising any tight or rcmedy '
<br /> %o� . hereunder,ot otherwise afforded by applicable luw,shall not be a waiver of or preclude the exercise of any such right or '
<br /> � remedy. i
<br /> . 11. Susceasor� Rnd Aasi�u Bonad; Jolnt and Sevcral I.labflity; Co-signcra. Thc covcnants and agreements
<br />— • ., .. heretn contained shull bind,and the rights hereunder shall inure to,thc respectivc succcssors and assigns of Lcnder and I
<br />� •� _. . F3orru�ver,subject to tl�c provisions of paragraph lb hercof.Ail covenants and agreements of Bono«�cr shall be joint and ;
<br /> a _ ' .. several.Any Aorrower who co•si�ns this Deed of Trust,but daes not execute the Note.(a)is co•si�ning this Dccd of Tn�st I
<br />� # only to�rant and convcy that Borro��•cr's intcrrst in thc Property to Trustcc undcr tlir Icrms of Ihis Uccd c�i'Trust.(hl is ,
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