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100432
<br />applicable law requkw such interest to be paid. Lander diall no be to pay Borrows say Mauer or amp on the Funds. Leader shall
<br />give w Borrower, without chase, an attmal sewmating of the Funds flawing ore Is and ddbits to the Fascia sad the purpose for wb" each
<br />debit to the Foods was made. The Funds ae played u addhioaat am miry for the scums secured by this Deed of Trust.
<br />rust.
<br />If the amount of the Ptads bad by Lender, together with the flame tsettthiy iaelallaMOts Of lAtadt payable prior to the due dam o f taxes,
<br />susemmts, imuraece sad gomd nett, dml mwW the amours es qW 'to pay raid lank mewsments, kwwmmPvmmm Mad
<br />ground rants m they f&l dart, saeb mm dmN be. at Bmrowees opdm. dbw rrampdy mpaid to Bm.oww or aedNed to Bm.owa oe moo ttiy
<br />instalments of Funds. If the anon of the Paeds beta by Lender cull not be rafficie st to pay Mae, msmomaa. i uurmce premium and
<br />ground rune as they fall due, Borrows elaB pay to Lender aQ amours rrttaww3 to make tip the delidaecy wkhiw 30 days from the dame notice
<br />is mailed by Leader to Borrows rag t dan
<br />Upon payment in fail of all sum secured by this Dud of Tram. Leeds steal promptly naiad to Borrows may Pads held by Leader. If
<br />ender paragraph 11 hereof the Property Is sold or the Property If otherwise acquired by Landw, Lander sbal apply, no lawn thin immediately
<br />prior to the ask of the Property or kts aeon by Lender. my Runde held by Raeder at the time Of ecpplcatioa ore a aedk giant the rims
<br />secured by this Deed of Trust.
<br />3. ApplaYan of Paymeele. Uekme applic" law provides otherwise, al payments .sadved by Leader under the Note and paragraphs I
<br />and 1 hereof shall be applMd by Lends first in payment of amounts payabk to Lander by Borrower under paragraph 2 hereof, than to interest
<br />payek on the Note, then to the principal of the Note, and then to interest and primal on sty Pbture Advances.
<br />4. Mom Lim. Borrower shall pay all maw, assessments and other charyn, ffass and imposition attribnuele to the Property which
<br />Luny attain a priority ova this Dad of Trust, ad behold payments or ground reef. if ay, in the maims provided tinder paragraph 2 hereof
<br />or, if not paid in such manna, by Borrower making p&ymee, what due, directly to the payee thereof. Borrower shall promptly furnish to
<br />Leader all notkw of amounts due under this paragraph, and in the event Borrows shall matte payment directly, Borrower shall promptly
<br />furnish to Lewder receipts evidencing each payments. Borrows steal promptly discharge any Hun which tun priority over this Deed of Trust;
<br />provided, that Borrows shall not be required to discharge my such lien so bets as Borrows shall agree in writleg to the payment of the
<br />obligetion aectured by such lion in a manner acceptable to Lender, or shell in good faith contest such Ben by, or defeed enforcement of such lien
<br />in, legal proceedings which operate to prevent the enforcasm of the lien or foriakure of the Property or any part thereof.
<br />S. Blamed In smaea. Borrows shag keep the improvements, now missing or hereafter erected our the Property insesred agaimt bas by inn,
<br />harards included within the term "extended covarage ", and such other hasards ns leader may .equire and in such acorns and for such periods
<br />a Lender may require; provided. that I sender Shall tot require that the amount of such oaverme Victd that &Mount Of noveage ragoirod to pay
<br />the sums secured by this Deed of Tram.
<br />The insurance termer providing the insurance shall be chosen by Borrower subject to approval by Lander; provided, that such approval
<br />shall not be wme&somnbly withheld. All premium on insurance policies shall be paid in the mama provided under paragraph 2 hereof or, if not
<br />paid in such manna. by Borrower mating payment, when due. directly to the isarins a carrier.
<br />All imusaoce porkies and rewwak thereof sh&B be in form aoogxrbk to Leader and shall include a standard nortpp clime in favor of
<br />and in form acceptable to Leader. Lender shall bave the right to bold the policies and renewals thereof, and Borrows shall promptly furnish to
<br />Leader all renewal notices and all receipts of paid premiums. in the event of bun. Borrower shall give prompt satin to the insurance carrier and
<br />I sunder. Lender may make proof of bur if not made promptly by Borrows.
<br />Unko Lends and Borrowar otberwiw ogee inn wrking, insmamce proowde sha0 be appksd to romomdm or repair of the Property
<br />dammed. provded arch ra xtum or rgmk is economic ly femme and the security of thm Dud of Trost ale not tMeby impaired. If such
<br />restoration or repair is not economically fle ibis or if the uctmky of du Dud of Tram ward be impaired, the Insurance proouds skull be
<br />applied to the sae secured by this Deed of Trust, with the aaoew, if my. paid to Borrows. If the Property is abaadma d by Bortowa. or if
<br />Borrower fails to respond to Lender within 30 days from the dune notice as mailed by Leader to Bocrowes that the iaearace carrier offers to
<br />settle a clim for insuramx Benefits, Leader is authorized to call= and apply the insurance proceeds a Lander's option other to restoration or
<br />repair of the Property or to the sum secured by this Deed of Trurt.
<br />Ualm Isader and Borrower otherwise agm in wnW& am such application of procods to principal sbs1II not extend or postpone the due
<br />date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of ac& hit. If under paragraph IS
<br />hereof the Property is acquired by Leader, all tight, tits and interest of Borrower in and to any ineurmoe policies and fa and to the proceeds
<br />thereof resulting from damage to the Property prior to the tale or acquisition shall pan to Deader to the ahem of the mans secured by this Deed
<br />of Trust immediately prior to such mie or acquisition.
<br />f. Pressedea and Madbaana of Pngtsrlyt IaasiMl s; Csadsmfiams; Ptamsed Unk Devehpmsab. Borrower shall keep the
<br />Property in good repair and shall not commit waste or permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any kue if this Deed of Trust is on a iuseboid. If this Deed of Trust is on a unit in a condominium or a planned unit development, Borrower
<br />shall perform all of Borrower's obligations under the declaration or covenants creating or governing the condominium or planned unit
<br />development, the by -laws and regulations of the condominium or planted unit development, and constituent documents. if a condominium or
<br />planned unit development rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agrees of such
<br />rider shall be incorporated into ausd shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a part
<br />hereof. -
<br />7. PreeseYea of Leader's Socaeity. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any
<br />action or proceeding is commenced which materially affects Lender's interest in the Property, including, but not limited to. eminent domain,
<br />insolvency, tilde enforcement, or arrangements or proceedings involving a bankrupt or decedent, then Lender at Lender's option, upon notice
<br />to Borrower, may make such appearances, disburse such sums and take such action as is necessary to protect Lender's interest, including, but
<br />not limited to, disbursement of reawnabk attorney's few and entry upon the Property to make repairs. If Lender required mortgage insurance
<br />as a condition of making the loam secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />until such time as the requirement for such insurance terminates in accords= with Borrower's and Lender's written agreement or apprlicable
<br />law. Borrower shalt pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Leader pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />secured by this Deed of Trust. Unless Borrower and Leader agree to other terms of payment, such amounts shall be payable upon notice from
<br />Leader to Borrower requesting payment thereof, and shat bear fanterest from the date of disbursement at the rate payable from time to time on
<br />outstanding principal under the Note unless, payment of interest at such raft would be contrary to applicable law, in which event such amounts
<br />shall bun interest at thtr highest rate permissible under applicable law. Nothing contused in this paragraph 7 shall require Leader to incur any
<br />expose or take any action hereunder.
<br />S. I 1 -1 a. Leda may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shall
<br />give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's interest in the Property.
<br />e. Casalle adaa. The proceeds of any award or claim for daaega, direct or consequential, in connection with any condemnation or
<br />other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, of any,
<br />paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender otherwise same in writing, these ihail be applied
<br />to the sums secured by this Deed of Trust such proportion of the proceeds as is equal to that proportion winch the amount of the sums secured
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