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$7_ 100576
<br />applicable law requires such interest to be Paid. Lender shall not be required o Pay Borrower any 1A Lends shall
<br />give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for whist each
<br />debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Dad of Trust.
<br />with the future monthly hutalf mmU of Funds payable p� to the due data of taxes,
<br />If the amount n the Rends t mid by Lender, together to taxes, a"Mmans. insurance premiums and
<br />aeuottuatatts, insurance praaitms std {rotund rents, shay actor%! the aeaol� regtpred pay said
<br />grpud turn a they fall due, such an W"I e, atD.WW sec's option. either Prosy repaid o Borrower or credited to Borrower on monthly
<br />hNeWlaata o Fwuda. If the amount of the Funds held by J___ not be sufficient to pay tax", assessments, insurance Praniuut►s and
<br />ground rats a they fall dux, Borrower SW pay to Leader ay amount necessary to make up the deficiency within 30 days from the date notice
<br />is retailed by Lender to Borrower requesting palms thereof• refund to Borrows any Funds held by Lender. If
<br />Upon payment in full of all surns secured by this Deed of Trust. Lender shall promptly
<br />under paragraph 18 hereof the property is sold or the Property Is otherwise acquired by Leads. Lends shall apply, no lags then immediately
<br />prior to the sale of the Property or its acquisition by Lender, any Furls held by Lender at the time of appliadon as a credit against the sums
<br />secured by this Deed of Trust. her I
<br />3. AppYaYoa Of Payaxab, Unless applicable law provides otherwise. all payments received by Lender under the Note and paragraphs
<br />and 2 hereof shall be applied by Lends first in payment of amounts payable to Leader by Borrows under paragraph 2 hereof, then to interest
<br />payable on the Note, then to the principal of the Note. and then to interest and Principal on any Future Advances.
<br />4. Changes: Lfew. Borrower shall pay all taxes, assessments and other dtatges, fines and impositions attributable to the Property which
<br />may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any. in the manner provided under paragraph 2 hereof
<br />or, it not paid in such manna, by Borrower making payment, when due. directly to the payee thereof. Borrower shall promptly furnish to
<br />Lender all notices of amounts due under this paragraph, and in the event Borrower shall make Payment directly. Borrows shall
<br />ev promptly
<br />furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Deed of Trust;
<br />provided, that Borrower shall not be required to discharge any such lien so long as Borrows shall agree in writing to the payment of the
<br />obligation secured by such Gat in a manner acceptable to Lender, or shall in good faith contest such lien byy, rd ffot�ent of such lien
<br />in, legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property against loss by fire,
<br />S. Hoard
<br />rd Iasaaee. Borrows shall keep the improvements now existing or hereafter erected on the Property insured
<br />hazards included within the term "extended coverage", and such other hazards as Lender may require and in such amounts and for such periods
<br />as Lender may require; provided, that Lender shall not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the stuns secured by this Deed of Trust.
<br />Ov
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, ahereof o f not
<br />shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the anner provided under paragraph
<br />paid in such manner, by Borrower making payment, when due, directly to the insurance carri mer• cause in favor of
<br />All insurance policies and renewals thereof shall be in form
<br />acceptable to Lender and shall include a standard mortgage
<br />and in form acceptable to Lender. Lends shall have the right to hold the policies and renewals thereof, and Borrower shall Promptly furnish to
<br />Lender all renewal notices and all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carnet and
<br />Lender. Lender may make proof of loss if not made promptly by Borrower. to or repair of the Property
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied if such
<br />dartnged, provided such restoration or repair is economically feasible and the security of this Dad of Trust cw
<br />t is t thereby impaired. shall be
<br />restoration or repair is not economically feasible or if the security of this Deed of Trust would be impaired, the inuurance proceeds
<br />applied to the sums secured by this Dad of Trust, with the excess, if any. pad to Burrows. If the Property is abandoned by Borrower, or if
<br />Borrower fails to respond to Lender within 30 days from the date notice is mailed by Lender to Borrows that the insurance carrier offers to
<br />settle a claim for insurance benefits. Lends is authorized to collect and apply the insurance proceeds at Leader's option either to restoration or
<br />repair of the Property or to the sums secured by this Deed of Trust. shall ot extend or postpone the due
<br />Unless lends and Borrower otherwise agree m wntmg, any such application of proceeds to principal y
<br />date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such installments. If under paragraph 18
<br />hereof the Property is acquired by Lender, all right, title and interest of Borrower in and to any insurance policies and in and to the proceeds
<br />thereof resulting from damage to the Property prior to the sale or acquisition shall pass to Leader to the extent of the sums secured by this Deed
<br />of Trust immediately prior to such sak or acquisition. Borrower shall keep the
<br />6. presesvatim sued hisdRIeaMee Of PrerertY; Leteashoble: Coadoealafasea; Phaaaad Usk pevda�aala.
<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 ]ease if this Deed of Trust is on a leasehold. If this Deed of Trust is on a unit in a condominium or a planned
<br />unit development, Borrower
<br />shall perform all of Borrower's obligations under the declaration or covenants creating or governing the condominium or Plate unit
<br />development, the by -laws and regulations of the condominium or planned unit development, and constituent documents. If a condominium or
<br />planned
<br />ideer shall be development
<br />incorporated ated into and shall amend and supplement t heeccovenants and agreements of this Deed of covenants
<br />rust as if the rids were such
<br />hereof.
<br />7 pr«ecfia of Loader's 3eearky. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or h 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, code 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 reasonable attorney's fees and entry upon the Property to make repairs. If Lender required mortgage insurance
<br />as a condition of making the loan secured by this Deed of Tout, Borrower shall pay the premiums required to maintain such insurance in effect
<br />until such time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />law. Borrower shall pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />secured by this Deed of Taut. Unless Borrower and Lends Wee to other terms of payment, such amounts shall be payable upon notice from
<br />Lender to Borrower requesting payment thereof, and shall bear interest 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 ate would be contrary to applicable law, in which event such amounts
<br />shall beat interest at the highest rate pamissibk under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any
<br />expense or take any action hereunder.
<br />S. Itappacam. Lender may snake 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 PFOPer1y-
<br />1. Cgaieawadaa. The proceeds of any award or claim for damages, 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, if any,
<br />paid to Borrower . In the event of a partial taking of the Property, unless Borrower and Lender otherwise agree in writing. there shall be applied
<br />to the sums secured by this Deed of Trust such proportion of the proceeds as is equal to that proportion which the amount of the sums secured
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