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<br />88- 103057 .
<br />.If B;a~ ~ys I"Jlnds to Lender, the Funds shall be held in an institution the deposits or a ",:ounu of which are
<br />insu~ot ,..~ by a Federal or state qency (including Lender if Lender is such an institution). Lender shall apply
<br />the Funds to pay said tues, assessments, insurance premiums and ground rents. Lender may not charge for so holding
<br />and applyinJ the Funds, analyzini said account or verifying and compiling said assessmenh and bills. unless Lende-
<br />pays Borrower interest on the Funds and appUcable law permits Lender to mak~ such a charge. Borrower and Lend ~r
<br />may agree in writiDg at the time of eHCUtion of this Deed of Trust that interest on the Funds shall be p.Ud to Borrm:er,
<br />and unless luch agreement is made or applicable la" requires luch interest to be Plid, Lender shall not be required
<br />to pay Borrower aDY il'rterest or earnings on the Fundi, Lender shall give to Borrower, without charge, an annual
<br />accounting of the Funds showing c:recIits and debits to the Fumls aDd the purpose for wbicll each .1ebit to the Funds was
<br />made. The Funds are pledplll additionll security for the sums secured by this Deed of Trust.
<br />Ifthe amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates oftues, assessmcnts, insurance premiums and ground rents, shall exceed the amount required to pay said
<br />taxes, assessments, insurance premiumll and ground rents as they fall due, such excess shell be, at 8orTower's option,
<br />eilher promptly repaid to Borrower or c:recIited to Borrower on monthly installments of Funds. If the amount of the
<br />Funds held by Lender shall not be sufficient to ply tues, auewnents, insurance premiums and pund rents II they fall
<br />due, Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more,pllyments as Lender
<br />may require.
<br />Upon payment in full of all luml secured by this Deed of Trust, Lender sh811 promptly refund to Borrower any
<br />Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by
<br />Lender, Lender shall apply, no later than immediately prior to the sale ofthe Property or its acquisition by Ler.dcr, any
<br />Funds held by Lender at the time of application as a credit aaainst the sums secured by this Deed ofTTU~t,
<br />3. ApplleatIDa of ...,..... Unless applicable law providCll otherwise, all payments received by Lender under
<br />the Note and ('!lragraphs 1 aDd 2 hereof sball be applied by Lender fint in payment of .m1OUDb payable to Lender by
<br />8orTOwer under parqraph 2 hereof, then to Interest payable on the Note. and then 10 the principal of the Nme,
<br />4. PrIor M....... ucI IJeIdI of 1'nItt CIIupI, u... Borrower shall perfonn all of Borrower's obligations
<br />under any mortgA.. dM of trult or other security qreement with a lien which has priority OYer this Deed of Trust,
<br />including Borrower's covenants to make payments when due. Borrower shall payor cause to be paid all tues,
<br />assessments and other chaqes, fines and impositionl attributable to the Property which may atuin a priority over this
<br />Deed of Trust, aDd leasehold payments or ll'Ound rents, !faDY.
<br />5, BaanI..... r ... Borrower shall keep the Improvenlents now eldsting or hereafter erected on the ~.ty
<br />insured against loss by fire, hazards Included within the tenn "estended coverage", and such other hazards as Lender
<br />may require and in such amounts and for luch periods u Lender may require.
<br />The insur....c:e carrier proridlng the insurance shall be chosen by Borrower subject to approval by Lender: provided,
<br />that such apprmal shall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form
<br />acceptable to Lender and shall include a standard mort... clause In favor of and in a fonn acceptable to Lender.
<br />Lender shall h8we the rigbt to hold the policia Bnd renewals thereof. subject to the terms of any mortgage, deed oftnut
<br />or other security agreement with a lien wbich hu priority over this Deed of Trust.
<br />In the ewent oflOll. Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof
<br />oflOll if not made promptly byllorroftr.
<br />If the Property is ablDdoned by 80rT0wer, or if Borrower fails to respond to Lender within 30 days from the date
<br />notice is mailed by Lender to Borrower that the insurance carrier offers to settle a c:Ialm for insurance benefits, Lender is
<br />authorized to collect and apply the Insurance proceeds at Lender's option either to resloration or repair of the
<br />Property or to the lums secured by this Deed of Trust.
<br />6. "-UIIa aU ~ of ~I I ar .. ~, Coadol8lal_, JIIaued Vlllt lk,eI'''R1''. &or-
<br />rowft shall keep the Property In IJOOd repair aDd shall not commit wute or permit impainnent or deterioration of the
<br />Property and shall comply with the prorisions of aDy lease if this Deed orTrust is on a leasehold. [fthis Deed or Trust is
<br />on a unit in a condominium or a pllUlDed unit deftllopment, Borrower shall perform all of Borrower's obligations uDder
<br />the declaration or covenants creating or governing the condominium or planned unit development, the by-laws and
<br />rellUlations of the coadominium or planned unit deMlopment, and coDJtituent documents.
<br />7. F~~tt.:1IN ., ........ s..ity. If Borrower falls to perform the covenants and apeements contained in this
<br />Deed of Trust, or if any ectbl or proeeedilllls COIIIIIIenced which materially affects Lender's interest in tile Property.
<br />then Lender, at Lender's optiaD, upon notice to BOUOwCl. may make slICh appearances, disburse suc~ sums, including
<br />reuonable .ttomeyI' fees, and take such actloa u Is neces&arJ to protect Lender's interest, If Lender required mortpae
<br />IDIUI'aDc:e as . coaditioa of maldDl the loan secured by this Deed of Trust:. Borrower shall pay the premiums required to
<br />maintala luch Insurance hi effect uatU such time as the requirement for luch iDlurance termllUltes in accordance with
<br />~'I ad Lender', writtea...-t or applicable law,
<br />Any amoaats disbursed by ..... puI'ItIIId to thlI pullrlPh 7, with interest thereocl. at the Note rate, shall
<br />become addltioeal indebted.... of Borrower MCUred b, thit Deed of Trust, Unless Borrower ar..d tender qree to
<br />other temlS of paJllllllt. sucil IIDGUnts aball be pa,able UpoII notice from Lender to Borrower requestllll payment
<br />thereof, NOChilll COIItaiaed in this ,...apaph 7 shall require Lender to Incur any expense or take aDyaction hereunder
<br />I. ~ _.... Leader may maim or caDle to be made reasonable entrie& upon and inspections of the Property,
<br />prurided that Lender shall ,m Borrower notice prior to .ny luch inspKtioll specifyinll reasonable cause therefor
<br />related to Lender's laterest In the Property.
<br />9. C' .a-. The ptoceeds of aD, award or claim for damages, direct or consequential, in connection with
<br />Iny concIeaInatloa or other tallin. or the PropertJ, or part thereof, or for convey.nce in lieu of condemnatlOll. are
<br />herebJ utilP*laDd shall be paid to Lender, subject to the terms of any mortaaae, deed of trust or other security qree.
<br />mat with al_ ..tilth h. priortty ewer thit beed ofTnat,
<br />II. ...~..... .... ...... r.......llI ., ...... Net . W..... Eltension of the time for paymenl or
<br />llIodlft9tiae 01 alllClltlutioD of tile sum. secured by this Deed of Trust ....nted by Lender to .ny IUcc:essor in Interest of
<br />Bol row_ shall_ operate to..... In an, m.aer, the IlabUlty of the orilinal Borrower and Borrower's successors In
<br />In...... lAMIr shall DOl be required to commence proceedlnp apllllf such succeaor or refuse to extend time far pa,-
<br />ment or otheI... madl" lDIortlutloa of the SUlU IKUftld by this Deed of Trust by reason of .ny dem.nd made by the
<br />orttlftalllollfOMN and IIooU",",'1 IUCftllICIft In InW'elt. An, forbearance by Leilder In ererclsin. any right or remedy
<br />heretlncIer. or othtnrite aftbnled by applicable IIW, ,ball not be . ..aim of or preclude the exm:lse of Iny such right or
<br />~med,.
<br />11. 5.(.10 .4 ~ ....., ,.. .. s...nI UIItIIIy, eo.........' The ClWehants and a~ments
<br />heftlll ...OIIIIIMd ,hall bind. l!1d the ri.htt Iwnunder sh81i Inure to, the respeclh'e luC\:elllOft and assillns IIf under and
<br />Bonower, sllbjeci In 1M "",,Islam of p..qraph 16 henlot. All COftIIatlh and llJltftl'llents of 8orro,"",t shall \le joint and
<br />wwetal. Any Bcwtower ..hoco..llnslhls Deed of Trust, but does 1'101 eleaile tlM! Nllle, (al b l'tHillnlnlllhis I~I of Tn"t
<br />Oftl, to 1'1lIIt ud MOlfit)' thlt 8Mrowet'slntft'8t In 1M Propetty 10 Trustee undet the lerml llf thl, l~lllf Trult,lhll\
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