|
10075
<br />-
<br />applicable law requires such interest to be paid. Lender shalt not be required to pay Borrower any interest or earnings on the Fup&, Lea des shall
<br />give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purrose for which each
<br />'
<br />debit to the Funds was trade. The Funds arc pledged as additional security for the sums secured by this Deed of Trust.
<br />A
<br />if the amount of the Funds held by Lender, together with the future monthly installments of funds payable prior tc the due dates of tares,
<br />assessments. insurance premiums and ground rents, shall exceed the amount required to pay said taxes, awaaments. insurance premiums and
<br />rents as they fall due, such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />ground
<br />ins Ringnts of Funds. if the amount of the Funds held by Lender shall not be sufCtdew to pay tares, assessmems, insurance premiums and
<br />,ground rents as they fall due, Borrower shall pay to Leander any amount necessary w make up the deficiency within 30 days from rite date notice
<br />is trailed by Lender to Borrower requesting payment thereof.
<br />Upon pavtnent in full of all sums secured by this Deed of Trust, Leader stall promptly refund to Borrower any Funds held by Leaden. If
<br />under paragraph 19 hereof the Property is sold or the Property is otherwise acquired by Lender. Lender shall apply, no later than imsaediasehy'
<br />Property its by Leader. any Funds held by Lender at the time of application as a credit against the sums
<br />prior to the sale of the or acquisition
<br />sacred by this Deed of Trust.
<br />3. Applicatim of hyasnY. Unless applicable law provides otherwise, all payments received by Leader tinder the Note and paragraphs 1
<br />and 2 hereof shall be applied by sender first in payment of amounts payable to Lender by Borrower under paragraph Z hereof. then to interest
<br />payable on the *tote, then to the principal of the Note. and then to interest and principal on any Future Advances.
<br />A. rands-, Lhas. Borrower shall pay all taxes, assessments and other urges. fines and impositions attributable w the Property whack
<br />may attain a priority over this Deed of Trust, and leasehold payments or ground rears, if any, in the manner provided under paragraph 2 hereof
<br />-
<br />or, if not paid in such manner, by Borrower making payment, w-hea due, duaziy to the payee thereof. Borrower shall promptly furnisht to
<br />Linder all notices of amounts due under this paragraph. and in tau eve Borrower shall make payment directly. Borrower shall prompdy
<br />r,
<br />furnish to Lender receipts evidericing such payment. Borrower shall promptly diac�e any lien w'h'ich has priority over this Deed of ruse
<br />provided, that Borrower sh not be required to discharge any such lea so Iraq as Borrower sbd3 agree is writing w the payments of the
<br />all
<br />obligation se cured by such hen in a manner so eptat:e to Lender, or sh" in good faith such lien by, or edetend enforcement of stack Tom
<br />ins, legal proceedings whT- operate to prevent the enforcement of the ter or forfeiture of die Propferty or say part thetmf-
<br />S hosanna. Borrower shall keep the movements now or he eaf4e errsetai ova the Property insured ttiatns~ lase hn $rr
<br />hwzx s included within the term "eat coverage -, and such other ham as Leader may require and in such amounts and for such periods
<br />as Lender may require. provided, that Leader shall ant require that the anoint of such coveraige extaed that amount of coverage rased to pay
<br />the sums secured red by this Dad of Trust.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subirM t4 approval by Leaks: provided, that inch approval .
<br />shall not be anreasombly withheld All premiums out insurance pobcm shag be peat: m the provided tinder paragraph 2 hereof or� if not '
<br />paid in such canter, by Borrower maatng payment. when due. directly to the °^ma"ce carrier.
<br />All maurance policies ono renewals thereof shall be in form acceptable to Leader and sheet mdude a stand ra awrtgage clads[ z favor of
<br />and in form somptable to Lender. Lender shall have the right to hold lbe PObc3ft and renewals thereof. and Borrower shall prompr;s fur -awk to
<br />Linder all renewal notices and all receipts of paid prensums- E.- leer o vex of iasa Btrzower shall give prompt notice to the insurance :arr3 and
<br />taukr. Leaner may oak[ prof -of loss if not made promptly by Borrower-
<br />Unless Lender and Borrower otherw w agree in wn mg, ensuranot prod shall be applied to restocarro t or repair of the Prospe r, '
<br />�a
<br />damaged, provided inch restoration or repair is aconomiollY feasabtc and the of � Dead of Treat is not whereby im:parsed. If srrd*
<br />restoration or repair is not economically feasible or of the security of this Deed of Trost would be maparad. the amauaanae proceeds sha be
<br />applied to the sums secured by this Deed of Trust, with the earns, if amp, paid w Borrower if the Property it abandoned by Bar, ower. or if
<br />$mower fails to respond to Leader within 34 days from tht date nonce a ash by Lratir= to Bor=aww that the ismpffamce crier offers to -
<br />Tank a bales for tasuranx benefits-, Lender is authorized to collect and apply the as virancr - acxeds at Leader's opuou either to restoration or
<br />repair of the Property of to the slims secured by this Deed of True
<br />Umiess Leader and Borrower otherwise ago in wtinng, any such application of pto -owas prtxapri shaft mot ezzead or p one he east
<br />$z
<br />dace of the n-onthly =naa.rtmeru referred tot in paragraphs 1 and 2 hamf or t the attaosiat of surer mss. if a¢ader paragraph, pg
<br />ber:�f the Property is acquired by Lender, all right, title and :merest r€ Borrc —e =-- and to arty ansts>ace P and sot and ten she praoxrnLs_
<br />thereof resulting from damage to the Property prior to the sale or acgtus€tatm shalt pass to Leader w the exxem of the swm secwcd by this Deed
<br />of Trust i u atdy pr or to such sale or arqunsmon.
<br />6_ Preservation and Mini warrnoe of Preptr L4=obdfs; taaiaasiissas PLaasd fait Desdapsieatb- Borrower shall keep the
<br />- - rr}pr -% iB gone rloa r and shall not commit waste or permit urnparrmlmt.'.r detericTance of the Property and shah comply with the provxWous -.
<br />of aay lease if =- D--:!d of Trust is on a Eeasebo d- '' -h! -< L]cec of `r= is �Du a unit Li a ' condomisman or a planned unn dreelopment. Borrwc
<br />shays perform ali rf isorrowc's obligations in the ducutration or :o enaw creating or goverssing the or pxlanntets inax
<br />stern %itrp c"" . r by -:as.s $ regulations of the �-sa -.sot or plant ,sr t dtr d rpmcmt and constituent documents. L" a or
<br />planned t=i ev op re it rider is aeecuted by Bo —cove ant: :x^r,*-, ..:gmr,e- with tbs Dad of Trust, :Ile covenants and agreements of such
<br />ride s*hau be s.00r,1Dral.eo :nto and SW Me= ant. �r -pig e : 'x -xr+.=av --s and agreements cf this Deed of Truce as zf the rides were a part
<br />hereof.
<br />7. Prosecrsoa of Leader's Seaarky. if Bor o—, 'a::s .z c w.^ ". ^. mx a amt erg ermris mac a: m t is liver of Trua.or if any
<br />action Dr r:t xr:� -` :ammenced wfiscri atatertsiz v a.. __ =s LtT4r '- - .e _. - > *e Prciperr. , inc; ing - . Tia= m .ec -:% rainent domam
<br />;ode mf rcemern, of arrangement, mr P.'aocecd ;L¢c. --viz �.[i, , a b r4-r uEt or deced° =: = %"ride.* ai i.tnoer , ,nuor-. A)or, omxr; _
<br />' to- Borrower. may snake such, tpparsinm. diSbu'St siK31 s =w**= and take suc:ii aCTSiAm u Y. xce.hsa.= c _J".- 'ate+: Len. :fite+"eSt., iflt"'luChirig,,. i'ut
<br />'
<br />_
<br />'th7t houted to. da '*menI of reasonable artorney'S fees. a w eat :ipon the 'ia''op}CLy Ili Sfa[t "4_ a;. - i * i.S".sder -MWrtd trh?T.gaat UMWW ".'E
<br />as a calsditior of male erg the loan secured by shut Deed of T rest. Borzon -e-, shall pay the ma z am arc z insurance in effect
<br />until suct urns as he mmquutmet, for such insurance te•>ainaaer in a cordance wrh Boa -wer _ a , r e ag tement or applacab+it
<br />law, Borrower shy.{: pay the amostint of sit mortgage:asuratnct psenuums In the manner prevIdeu -i r-a-agra.p°.'_ hercef
<br />Any amounts disbursed by Lender pursuant to this paara grapy 7, wim. tntermt aceor- �naa t a men x 4uomal mcicbtedow of
<br />samrrd try this Deed of Trust. Unless Borrower and Lend= agree to other tams Qt pavuw- -t. ss-,ch arriouras shaR be psiabie upon notice from
<br />- Linder ell Hrrr: -w'er reclamung payment therm', and shall bear interest f orr -rat as c as x rare pvaaie from tuncT - zim- e
<br />outstanding ^rer::paf under me Nom unless ,&vmcnt of interest at such rate -aura be met a:: t,, a„ placable law. in w±U= t vw Silth Amount -,
<br />.
<br />*hall bear inTestct at flee highest rate permissible under applicable law. %oftrig crn,.alned i., finis paragraph shah require Leader tea Tricur ari,,
<br />expense m Tate acti a tron hereunder
<br />A. lowerviam- 1.elaSrr map snake or cause t, be :Wade rrasanabie c-. ±tai. Lipor and _:s;> om *t the Pravrty. --n- ided ?ha: terrier 1--Aa
<br />-
<br />as vc p -ov >Y.er :KO.YC r-KH TO AM such in4plection gmafptrg, a:lat F}Krct, aiti:'� iMere .L' the P apert4 '
<br />4. ( oaadr"weadoe. The v,ixeeY f an: award aurr f darruslirs. t'e'.rr.".: - - "t. ?er}+»er .iati, '.G .turn,. on A"" .: n crr.:f2.:,_`C'.
<br />4r, rr 'as.rirr.'1 'hei- `:trrt3,3rrw!- rlrrt ,•rrf,N -S LCsaT;e3- .neU rY:iuF .e•ie
<br />r r" ... +
<br />. a t..:ar •al; :i z,� °"lr N`�.pur -a •t'ic � r �: eecl. ,r�s1t he ei Z'tseu ' ='' ^x ::.r,
<br />-
<br />, ,.r , shH ,'alp
<br />t
<br />
|