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100772
<br />applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shalt
<br />to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each
<br />give
<br />debit to the Funds was made. The Funds are pledged as additional security for the turns secured by this Deed of Trust.
<br />- if the amount o£ the Funds held by Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes,
<br />assessments. insurance premiums and ground rents, shall exceed the amount required to pay said taxes. assessments, insurance premiums and
<br />ground 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 />instal ments of Funds, If the amount of the Funds held by Lender shall not be sufficient to pay taxes. assessments insurance premiums and
<br />ground rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice
<br />is mailed by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Leader. If
<br />under paragraph 19 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply, no later than immediately
<br />prior to the sale of the Property or its acquisition by Leader. any Funds held by Leda at the time of application as a credit against the arms
<br />secured by this Deed of Trust.
<br />3. AppYatlon of Psymests. Unless applicable law provides otherwise. all payments received by Lender under the Note and paragraphs I
<br />and 2 hereof shall be applied by Lender first in payment of amounts payable to Leader by Borrower 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. Ckaepa; Leas. Borrower shall pay all taxes, assessments and other chugss, fines and impositions attributable to the Property which
<br />nay attain a priority over this Deed of Trust, and leasehold payments or ground rents, if arty, in the manner provided under paragraph 2 hereof
<br />err, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower dull promptly furauh to
<br />Lender all notica of amounts due under this paragraph, and in the event Borrower shall nuke payment directly, Borrower shat{ promptly
<br />furnish to Lender tempts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Dad of Trust.
<br />provided, that Borrower shall not be required to discharge any such lien so 1009 as Borrow- shag agree n writing to the psymem: of the
<br />obligation served by such lien in a manna acceptable to Lender. or $lull in good faith contest such lien by, or defend enforcement of sum hat
<br />In, legal proceedings which operate to present the enforcement of the lien or forfeiture of the Prespaty or a Dart thaeef.
<br />S. Elaard faaaeaace. Borrower shall keep the tmprovements now existing or hereafter erected on the Property insisted against loss by fire, .
<br />barards included within the term "extended coverage . and such other haurrk as Lender may require AM in such amounts and for such periods
<br />ar Lend- may require; provided, that Lender shall not require that the amount of such coverage exceed that amount of coverage regiOLed m Pay
<br />the sums secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shall be chosen by Borrower sub�ec o approval by lender: provided. that aunt approval
<br />shag not be unreasonably withheld. All premiums on insum= polities shall be pad in the manner provided under paragraph 2 hereof or, if tsot ;
<br />paid in such manner, by Borrower mating payment, what dux. ditnctty to the insurance carrier.
<br />Ail insurance policies and renewals thereof shall be in form acceptable to Leader and shah include a standard mortgage clan f avor of
<br />and in form acceptable to Lender. Lender shall love the right to hold he poiidea and renewals ih-asf, and Borrow- shaltomptly fttrnislr c+
<br />Lerida all renewal notices and all receipts of paid premiums. In the evert of kiss. Borrower shall give prompt notice to the insurance clur= and
<br />Leader. Leader may make proof of loss if not made promptly by Bcerowa.
<br />f
<br />Unless Leader and Borrower otherwise agree in writing, inst rants proceeds shag be applied to restaeatron or repair of the Progusty
<br />damaged, provided such restoration or repair is actmonaica& feasible and the security of this Deed of Trust is Dot thereby unpaired- If stscb
<br />restoration or repair is riot economically feasible of if the security of this Deed of Trust would be impaired. the insurance pcoceedis small be
<br />applied to the titans secured by this Deed of Trust with the excess, if nay, paid to Borrower. If the Property is abandoned by Borrower, or if
<br />Borrower fails to respond to Lender within 30 days from the date notice is matted by Lmtkr to Bestow- that the iesara0ce cstri- offers to
<br />settle a claim for minuattce benefits, Lender is auchaimd to collect cud apply the msutaace proceeds at Leader's option either to ;otoratioeh or
<br />repair of the Properry or to the slims secured by this Deed of Twat. -
<br />• Unless Lesider and Borrower otherwise agree to writing, any acsch applieaticin of proceeds to principal shall cwt extend or postpone the due
<br />date of the monthly installments referred to in paragraphs I and 2 hereof or change :be amount of such installments. If tinder perm 19
<br />hereof the Property is acquired by Lender. all right, title a� iaterat of BotFO r' :a std ere nay irsuram pohnes and n and to tlx peoarxls.
<br />thereof Te ittfung from damage to the Property prilm to the sale or iCginTIIC%n shall I.tader to the exteaL ty£ the Rffiti secured by this; Deed -
<br />:of Trust immediately prior to such sale or acquisition.
<br />4 pnmwvsd" sod Niessaism of ProWly. LeswelloW Caaiailmis; rboused Lek Dearag•snh. Borrower sbsll keep the
<br />Property in good repair and shall not oDramit waste or pantie :mpairmew or datrtoranon of the Property and shall comply wdh e provisions
<br />of any if }eed of T. tut s oa a ieaseho d I f ** his Deese of ; rust is oat a tmi n a m or a Dlaaaed unit development. Borrower
<br />shall perform ail. of Borrower's obligations anaci the decatatiou or ov na =r :eating or governing the condominium of planned utter
<br />development, the be -iiiws and regulations of the condominium or plarmea unit deltiopment, and consutuem documents- If a zondommirm o - .
<br />unit deseiopment rider is executed by Bar ower and rte:ded togr M w ?lit thus Deed o£ Titter, use covenants and agreemmu of such.
<br />planned
<br />rider shall be moor, orated into and shall amend and supfplement he �ver�:= and agreements of �s Lind of Trutt as if the rifler wax a part
<br />h-evf.
<br />Protection of L.esdr's Security- If Borrowe :a!< to rfs^s one ;tle=,:anu and agroeme_ contained n ruts Deed of Tr>s err tf any
<br />- action or piocetdnng S commented which maicna=+1 atfeo.s Lends-5 :Merest -m the Propat*�, including, but riot limited ta, emmem. domain-
<br />. - - - insciltcncy. �Lcode enforcement, or arrangements Of proceedings tIIN011=9 a bankr,npt Jr decedent, zL= Lcraler a_ Lea -dr's option. upon nonce
<br />to Borrower, may make such appearances, disburse such sums and take such action as is netxssaty to protect leaders interest, uciiLdiit9 but
<br />not limited to, disbursement of reasonable attorney s fees and entry ::pun :ere Froprty to :oche repair± :.` Les er required nortgage iasisrance
<br />as a condition of making the loan secured by thus Deed of Trust. Borrower shall pay the p emiwn —, : " -=--ed to cttai xalm sac:, insurance to cf.=-- _
<br />until such time as She requirement for such insurance terminates in accordance writ Borr we s ar_v 1-e3Crts written agreement or appbuabic
<br />#aw. Borroser s tail pay the amount of all mortgage tinsusati= prermuutms in tux �+ anner prov:l +i Cdr paragraph mereoi-
<br />---- -- —
<br />- - Any amounts duburseci by Lender pursuant to !his paragraph . w--nh. interest ttic-, ..t �-' mss- -_- onai �.nedars of
<br />-
<br />seccured by this Deed of Taut, Unless Borrower and Leader agree to other terms of payment. such amount-s shah be payable upon notice from
<br />Lender to Borrvwrr mquestng payment thereof. and shall bear interest from the date of 1lshursernent at the rate payable from time to time on
<br />- .'xitstaading ,ritx:tpal urtdiv the dote unless pa yme nt of interest at such rate would be contrary to appha<rabie law. in wht -"event such amounts
<br />-
<br />%hall bear interest at the highest rate permissible under applicable law. Plotting conuuned in this paragraph 7 shall require Lender to incur any -
<br />expense or take any action hereunder.
<br />g. Iasperflow- I. ender may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender snag -.
<br />rise Borrower notice prior to any such irupection speohang reawriabie;ause hirefor ;twoo ,c• Lender's imcrest to the PropriN
<br />- if -'•
<br />- 4. ( oadewasues- The proccrds of any award or clam for damages, dtra:i -m oasegtxntiai, in connecutin with any condemnation -v
<br />;sEhet iai mg o, Elie Propnty, or par, :he -rent. of for conveyua'e in heu of condrtrnation, are hereby asssgned and = .?mat; t e paid to i.eiidr
<br />e rents ," a total taking or the Property, the proceeds shall be applied *..- - -gin ns'r_-urcu, �-, ants l7k. x ,at Trust. with the ck--, .' a
<br />;uti •.� N,r.,: —i 1n ihr resent of a ,^arimi taking of the P— perte, enicss Baer: -wet a.n,s Lunde- �,therwtse axtec m wming, ihrre ,hail ^c a t' =•..3
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<br />., .._ :us: t -, eel — +htc ixve l .,f 1,11'T rush r,— N:xr,un ,=t ;he rritiiec,f+ as { eL„a: .. !'';a ttr4.j\,-t: ., ---h 'he Anse *ors' ,,. '`.l
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