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100774
<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 shall
<br />give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpov for which each
<br />debit to the Funds .vas trade. The Funds are pledged as additional security for the sums secured by this Deed of Trust.
<br />If the amount of the Funds held by Linder, together with the future monthly instalments of Funds payable prior to the due dates of taus,
<br />assessments, insurance premiums and ground rents, shall eased the amount requited 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 />installments of Funds- If the amount of the Funds held by tender shall not be suffxiertt to pay taxes, assessments, insurance premiums and '
<br />ground rents as they fall due, Borrower shall pay to Lender any amount necessary to retake 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 Lender. If
<br />under paragraph l8 hereof the Property is sold or the Property is otherwise acquired by Laura. Lender shall apply, no later than immediatdy`
<br />prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of application as a credit against the sums _
<br />secured by this Deed of Trust.
<br />3. A/pgeatloa of Paywts. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs h
<br />and 2 hereof shall be applied by Lender rust in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br />payable on the Note, then to the principal of the Note, and then to unrest and principal on airy Future Advances.
<br />a. tAaegaa: Um. Borrower shall pay all taxes, assessments and other charges, Sees 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. if not paid in such manner, by Borrower making payment, when due, directly to the payee hereof- Borrower shall promptly furnish to
<br />t Lender all notices of amounts due under this paragraph. and in the event Borrower shall make payment directly. Borrower shall promptly
<br />furnish to Lender receipts evidencing such payments- Borrower shall promptly discharge any tin which has priority over this Deed of Trtac_
<br />! provided, that Borrower shall not be required to discharge any such lien ns bog as Borrows shall agree is writing to the payment of z�
<br />obhWon secured by such lien in a manner acceptable to Lender, or shalt in good fairb contest such lien by, or defend enfoeoameat Of stsdt lien
<br />in, legal proceedings which operate to prevent the enforcement of the liar or forfeasute of the Property or any part thereof.
<br />S. *based Imiram". Borrower shall keep the improvtmenu now existing or hereafter erected on the Property insured spinet bus by Ease_
<br />hazards included within the term "extended coverage ". and such other hazards as Letsder may require and in such amounts and for erode periods
<br />as Linder may require: provided, that Lender shall not require that the amoumt of such coverage e'lteeld that amount of coverage rCQUUV d to pay
<br />she sums secured by this Deed of Truitt-
<br />The insuraace carrier providing the insurance shalt be chosen by Borro..a sutra to appra+ai by tender: provided, that such Approval
<br />shall nee be unreasonably withheld. Ali premiums on insurance polices shall be paid in the manna provided under paragraph hereof err. if ox
<br />paid in such manner. by Borrower waiting payment, when due, directly to the iasurame carrier
<br />AD insurance policies and renewals thereof shall be in form acceptable to Lender and shall inchsde a standard mortgage dame in favor of .
<br />and in forms acceptable to Lender. Lends shall have the right to hold the p and to rlMil3 thereof. and Harrower stall promptly furnish m.
<br />Leader all renewal notices and all receipts of paid premiums. In the event of low Borrower shall give prompt notice to the insurance causer and
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<br />Lender. Leader may make proof of loss if not made promptly by Borrower,
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br />damageel. provided such restoration or repair is economically few le and the seccxy of tuts Dead of Trust is ncR thereby it>aisaited- €€ -such
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<br />restoration or repair is not economically feasible or if the security of this Deed of Trust would be impaired, the iasuraaoe, proceeds shat) be
<br />k'-
<br />applied to the sums secured by this Deed of Trust, with the excess. if any. paid to Borro -es. If the Property is abandoned by Berra+er. or if
<br />Borrower fails to respond to Lander within 30 days from the date notice a mailed by Lander to Borrower that the iasutance carrier of%rs to
<br />a°
<br />settle a claim for insurance benefits, Leader is authorized to what and apply the imsurauxc proceeds at Lender's option es era resuwuum or
<br />repair of the Property or to the stuns secured by this Deed of Trust
<br />Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not emend or postpone the due
<br />due of the monthly installments referred to in paragraphs I and 2 hereof or change the am xisu of such instail+++ems. If under paragraph 19
<br />hereof the Property trc acquired by Lender, all right, title and interest of Borrow= in and to any insorance policies and in and to the preom&
<br />thereof resulting from damage to the Property prior to the seek tr acqu smm shalt pass ere Lahr to the extent of the stuns secured by this Deed
<br />of Trust immediately prior to such sale or acquisition.
<br />6_ PreKnsUats tied mshis sate of Pnnwty; Leaadeelior; CoNeasdisma; Pi..d Lit Devdeposews. Borrower U-au keep the
<br />Property in good repair and shall not commit waste or permit bnparment or daazaranon of the Property and shad comply with the pmwwosss
<br />of any lease if this tied of Trust is on a leasehold. ?t'hus Deed of Trust is on a unit in a condominium or a planned unit development. Borrower
<br />shall perform ali of Borrower's Obligations under the deciaration or �civenari uesUng or governing the condominium or planed um.
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<br />deveiopment, the by -laws and regulations of the condoram-im or phermec wait dcveiopaxnt, and xmuituest documents. Ifacondomucliuna or
<br />planned unit development rider is executed by Borrower and recorded togethtr with this Dad of Tnsst, the covenants and agreements of such
<br />rider shalt rye tneorporated into and shall amend and supplement :ere .'ovriants and agreements of this Decd of Trout as if the rider were a part
<br />hereof.
<br />?. Protecthot of Leader's Secaritt. If Borrcwer tiffs to pertain the :I:,vtnarus and agreements contained in this teed of Trout, or if any
<br />action or prcci urg a .commenced which maicna xy affe•`ts irailrr's interest =r, the Property, indict rut but not limited to, emiitsent docatn_
<br />insolvemy, :ode enforcement, or a-nangements or proceedings involvm4 a bankrupts or decs^um, then Lender at Lender's option, upon notice
<br />to Borrower. teat snake such appearances, disburse such stems and take such action as is necessary to protect Lender's iruerest. including, but
<br />'got ?irruteG to, 3esbu =semrnr of reasonable attcrnr:'s fees and entry upon the Property to make -e ai- <, if ? crude required mortgage i+r'�*
<br />as a condition of rnaking the loan secured by this Deed of Trust. Borrower shall fay the prenuut"_ - -eyurett �uc-h insurance art effect
<br />-- -- until such time as the requirement for such insurance terrrimtt= w accotu ancL w1Lh Bon ower's at :t Lac s w vten agreement or a pl
<br />law isor, r, aver seal* pay the amount of all tri ingage nts-m-an a —,e-- r -=ms sn the manner --Z- %17> p =ai �ph Z :�zc` Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon. shau t eccxnr add.tonal a lemedness of B,-- rower
<br />secured by this Deed of Trust. Unless Borrower and Lender agree 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 rune tin
<br />outstanding principal under the Note unless payment of interest at such rate would be :ontmry ic, applicable law, in whin event sisch Amounts
<br />shall bear interest at the highest rate permissible under applicable law - Nothing contained in this Paragraph - shall require Lender to iricur any
<br />expense or cite any action hereunder
<br />?a. lWowd". Lender tnay make or cause to be made reasonable entries upon and inspe ticim of thr Property, provided tha: Lender shall
<br />gi4e ikxrt,.vr rtatstt prior to an} such inspection specifying rrasaxtab {e �auu therefor rraterd x,;. Lrtidsr's intemi to the Proper °tt
<br />4- Condevaration. T "he proceeds of arty award or oaten for damaites, direct ; - :on.wquenuai, it. ,sninnvar with ar,v 4-onilemnatior -,,r
<br />ofh,er ;acing : -t tote Property, m pan thereof, or for conveyance in lieu of condemnation. we herebN asxrgnai and shall tx pub to Lender
<br />In the re rrt cis a tees* taking Mine Pe3prtt -the prcrerds ,hail tx applted'o : he .eats see are: hi spas !heat c,. [=rest, With the excess. ,ran ,
<br />W'r —.rr, In the event if a partxai ;Akins :it the 1'rt'prrtN ,.,nleva Ike; ro, err end :. cndc, cK err= -Lw a{tim err. w ung, :here hart tv i.,�pza:+�
<br />, !err , a t purl- r the tirix:e S as r.v ir, +- :
<br />o [ :tri its, h n1, . , ctxuai .i. -riot , rvp.,.,.. >', �.rt.n -fie antuUia }t �t n' sc t;sei
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