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<br />200607915
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<br />~~~ ID !: 00014269497607006
<br />2. Funds for Tuxes and Insurancco Suhject tt, applicable lnv.; nf a written waiver by Lender, Borrower
<br />shall pay to Lender ('n the day monthly payment~ ('I ;,nncipaJ and inlcre~t arc payable under the Note, until the
<br />Note is paid in full, a sum (herein "Funds") ecl'w! to 'me-twelfth q{ the yearly taxes and assessments (including
<br />condnminium and planned ullit development aSSeS'\lllcnts, if anyl which may attain priority over this Deed of
<br />Trust, anu ground rents on the Property, if any, plll~ onc-lwe1!lh f)i" yearly premium inSlallm<.,l1l~ for ha::ard
<br />insurance, plus one-twelfth of yearly premium installments for rnortgage insurance, if ,my, aU as rea'io'lably
<br />estimated initially and from time to tillll~ by Lender on the oasis of assessments and hiHs and rca:-.onable
<br />estimales thereof. Borrower shall not be obligated to make such paymenL.. of Funds tu Lejld~r ,0 the \~xtcnt that
<br />Borrmva makes such payments to the holder of '1 prior mcrtgage or deed of trust if such holder is an
<br />JOstillltiomd lender.
<br />If Bommer pays Funes to Lender, the Funth ':hall be he!J in an j!l~titution lhe deposit; or accounts ot
<br />\vhlch arc insured or guaranteed by a fedeiJ.l or state "geney (including Lender if Lender is such an institution).
<br />Lender shall apply the Funds to pay said laxes, aSSCS'.:nlenlS, insurance premiums and ground rents, Lender may
<br />not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said
<br />asse'isrnents and bills, unkss Lender pays Bo.f('wer interest on the Funds and applicabie law permits Lender to
<br />mak,; suct. a charge. Borrower and Lender may agree in writing al the time of execution of this Deed of Trust
<br />thaI int'.:rcSl un the Ful"is shall be paid to Borrow'~l, and unless such agreement is made or applicable law
<br />n:quircd such interest to be paid, Lemler silall not be required lO pay Borrower any interest or earnings on the
<br />Funds. L:l1dcr shall give to Borrower, without charge, an annual accounting of the Funds showing credits and
<br />ckbits to lh~ Funds and the purpose for which each debit to the ~~unds was made. The t~unds arc pledged as
<br />additional security for lhe sums secured by this Deed of Trust.
<br />If the amounl of the Funds held by Lender, together with the future monthly inst<lliments of Funds payable
<br />prior iO the due dales of taxes, assess:Tlcnts, insurance premiums and ground rents, shall exceed the amount
<br />r':C:il'l'cd II) r<lv <;;1:(\ I:\\\:S. assessmenls, insurance rrcmiums and ground rems as they fall due, such excess shall
<br />be, tIt r3()rro\','(~r's upti\ 'I:, ,: i tili.:! j ,i(ilnpti. '; 'p,lId II \ ;),f; \\\\ ,'r or credited to Borrower on monthly installmenLs of
<br />Funds. H lhe amount of the Funds held by Lender stw.ll not be sufficient to pay taxes, asscssmenLs, insl'rance
<br />premiums and ground renls as they fall due, Borrower shall pay to Lender any amount Jlt;ccssary to make up the
<br />deficiency in one or more payments as Lender may lequire.
<br />Upon payment in full of all sums secured hy this Def'-d of Trust, Lender shall promptly refund io Borrower
<br />any Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise
<br />acquired by Lender, Lender shall apply, no later than immC'.dialely prior to the sale of the Property or its
<br />acquisition by Lender, any Funds held by Lender <ltthe time of application as a credit against the sums secured
<br />by this Deed of Trust.
<br />3. Applicution of Paymenl'i. Unless applicable law provides otherwise, all payments received by Lender
<br />under the NOLI' and paragraph~; I and 2 hereof shall be applied by Lender first in payment of amounts payable to
<br />Lender by Borrower under parllgraph '2 herl~f, then to interesl payable on the Note, and then to the principal of
<br />the Note.
<br />4. Prior Mortgages and Deeds of Trust; Chargcs; Lien... Borrower shall per;orm all of Borrower's
<br />obligations under :1l1Y mortgage, deed of trust or other security agreement with a lien", hich has priority over
<br />this I:Jced of TrUST, including Borrower's covenants to make paymenL" when due, Borrower shall payor cause to
<br />be p<i:d all taxes, assessments and other charges, fines and impositions attributable to the Property which may
<br />attain a priorilY over this Deed of Trust, and leasehold payments or ground rents, if any.
<br />5. IJU7..ard Insurance. Borrower shall keep the improvcmenL') now existing or ;lereafter ereeted on the
<br />Propcrty insured against loss by fire, hazards inclllded within the teon "extended coverage," and suet. other
<br />hazards as Lenderrnay require and in such amounts and for such periods a'i Lender may require.
<br />Thc insurance carrier providing the insurance shall be chosen by Borrower subjeCt to approval by Lender;
<br />provided, that such approval shall not be unreasonably withheld, All insurance policies and renewals thereof
<br />shall be in a roml acceptable to Lender and'shall include a standard mortgage clause in favor of and in a form
<br />acccpwbk to Lender. Lender shall have the right to hold the policies and renewals thereof, subjcct to the tenns
<br />of any mortgage, deed of lrust or other security agreement with a lier which ha<; priority over this Deed of Tnlst.
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<br />C ,'16N(NE) (0407)
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<br />CHL (08/05)
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<br />PB()<l3 of 8
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<br />Form 3828
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