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200704728 DOC ID #: 00016.638109050Q7 1. ,... Itr Toe. tad l_ruCll. Subjeot to IppU~1ci law Or."Wri'l;tIm wliver by Lender, Botrower shall pay to Lender on the day monthly peymtllltl of principal and lnWest ire payable under the Note, tIJltil the Note i. paid In .fbll,a sum (herem "Funds") equal to ono-twcUl!i Qtthc yearly taxes and uscssmentS (iiloludins WndOminilUD and p1annod unit development .....~1t It any) which may aU8Jn priority over this Deed of Truat, and ground rcDts on the Propotty, if eny. plus onHwcIfth of yearly premium lnstaUmerlti ftlr huard inIurIncc, plus ~twe1ftb of yllli)' pnimium inItaIllnanI1br mortp&e insureoc, if '41:1, all as reaIODably flItimated initially and from time tb time by lAnder OIl tIm basis of UIcISlrlCatS 'and bills amd reasonable eItimala thereof. Borttrwer IbIlJ not be oblipted to make _ paymeots ofPuDda to LODdcr to the extent that Borrower maba such paymontlI to the boldOt of a prior mortgage or doed of trust if such holder iI an inIdtutionaJ lender. . If Borrower pay. Funds to Lander, tho Funds sball beheld in 8ft institutjon the ~ or ~ of whJch are InsmecI or gulrlltteod by. ftIdenJ or" ~ (incIudin& L__IfLender is _ an institlJtion). Lender thall epply thD Funck to pey aid taxes, auesame&lta, irmnacc pnmiums end around rents. Lender may not cbar&e for 10 holding and applying the Fl)Dcb, analyzing ,said account or vcrl.fyin& ad compllina said ~ and biDs. unlas Leader pay. Borrower interest on 1bc FundJ and applicable law permits LeildIr to de such . charge. Borrower and Lender may ape in wrltl1lJ 81 tho time of execution of this Oocd of TNIt that itrtorest on the Fundl 8MlJ be pIid to Borrower, and UIl]ca lIl1Ch agreement is made or applicable law i'e4ulred such iilU::reJt to be paid, Lender llhall not bcrequired to pay BoM>wer any intel'CSt or ..mngs on tho Funds. Lender slWl &lvc to Bom;Mer, without oharp, an iImlUaI8CCOuntina; o(the fundi showing crodits and debits to the Funds Iltld tM purpoR for which each debit to the Funds Was made. Tho Funds aro plcdpd 81 additional security for the sums IlIlCWOd by this Deed otTrust. Iftbc amount of the Funds held by J..cndcr,1optbc:r wi1h the fUture monthly iDstaIlmcnIa of Funds payable prior to the due didos of tlIXoI, ascumenb. insurance premiums and ground rents, shall exoccd the 1Dl0lUlt requirtdto pay I8icI ~ aacamcrdI, iDsurancc premiums and jp'Pund rents u they fell due. such ~ lIhaII be, . Bom>wct't optioD, either promptly repaid to Bonowor or crecIfted to BoJrower on montbIy InsIaJlmilnts of Funa. If ~ Idlount of the Funds held by Lender shall DOt be suffiolaDt to pay taxes, uaessm<<dS, !neuranQ$ premiums and pouod 1'CI$1IS they, tan duo, Bon'OWerllbaU pay to Lender 8D)' emouat neceuary 10 make up the dllftcicncy in one or more payments u Lender may require;. Upon payment In MI of all sums secured by this Deed ofTrulC, Letader shall promptly Jefomho Borrower any fundi held by Lender. If ID'lder ~ 11 herClof'tho Property is IOld or the Property il €Ithcrwfse lICQIIired by Lcador, Lender 8bal1 eppIy, no lat<<1ban immadiatdy prior to the sale of the Property or its acquisitlQn by Lender, any Funds held by Lelldar at the tim~ of appIieation as a tndit apintt th. sum. accurcd by this Dood of Trust. ~. AppIIca1Ioe of ..,..... Unless app1icabIo law provtdes o<<berwiH, all paymerrta rooolvcd by Ler1der under the Note and pangraphs 1 and 2 bwcot shaU be Ipplicd by ....dor tiBt in P')'IDcnt of ItDOUJltI payable to LoncIer by Borrower under paJ'qNph 2llerco(. then to iDtetesl: Pl)'*ble 011 the Note, and then to the prbldJ"l of the Note. ... PriOr ~ ud D....or TraIt; C.....; u.. BCll'l'OWOl'sball primo all of Borrowor's obJiptioDs undor any ~ deed of trust or other security IIJ'COD1G1t with. lien which bas ~oVcr this DeOd ofTruit, inoluding Borrower'a c;:ovc.narits 10 make payments When due. Borrower shall :pay or c:au~ to be paid all taMI" uacaments and other cluq.. fInII and impolkions lUributIble to the Property which may .uain . priority over this Deed of Trust, II1d leasllbDld pIl)'lIitIlta or IfOUI1d rents; if ID)'. So Baatd _arace. BomlWClI' shall keep the improvcmcntl now cx.isdq or ho1after ercctDd on tho Property insWtJd epinst loss by fire, hazards included within tho term "extended OOVeI.'Ip, a and suoJt other iuIafdt' 81 Lender may RlqWre and in such amounts and tbr "1m periods III Lender may. require. Tbe inllUrenco cmIcr prQViding the iQuraDce, shall be choleD by BMowcr'su"icot to approval by Lenda; provIded, tbellUCh approval Iball not. be U1'II1lUOJl8bly withheld. At] ifIsUrance policies and 1'.lIleWal. t:ht!tfOf' sball be In . ~rm acocptabIe to Lender llDd shall include. staildllrd 'IIIOrtpIe daua in fkvor of IIId in '. fOrm acceptable to lAmdcr. LeDder WlI have the rIgbt 10 hold the polloi. and NfteWalI thereot. &ubjoct tb the. terms of'lD)' JnOJt&a&e, dced ofllUSt or cdher IlCCUrity ~ with a IIcm whIch baa priority over this Deed ofTN$t. _ -7tIll(NE) (llIllIf CHL (01lOI) ...... of' Fonn Hal