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<br />RE -RE CCRLZO
<br />87- 100510 81-3.()0795
<br />applicable' law requires such interest to he paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. 1,ender shall
<br />give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each
<br />debit to the Fun Is was made. The funds are pledged as additional security for the sums secured by this Deed of Trust
<br />If the amo•tnt of 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 aoe"My -
<br />instalments of Funds. If the amount of the Fluids held by Lender shall not be sufficient to pay taxes, assets ments, 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 Larder. If,
<br />under paragraph I@ 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 Linda, any Funds held by Lender at the time of application as a credit against the scans
<br />secured by this Deed of Trust.
<br />3. AppIleatloo of t ayoseab. Unless applicable law provides otherwise, all payments received by Lander under the Note and paragraphs 1
<br />and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br />payable on the Note, there to the principal of the Note, and then to interest and principal on any Future Advances.
<br />1, taargwy; tkdu. Borrower shall pay all t axes, assessmenv+ and other charges, fines and impositions attributable to the Property which
<br />may attain a Priority ever this Deed of trust, and leasehold payment.- 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 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, Borrower shall 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 Borrower shall agree in writing to the payment of the .'.
<br />obligation secured by such lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien
<br />in, legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Bann lento nsom. Borrower shall keep the improvements now existing or hereafter erected on the Property insured apinst loss by fire . ,.
<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 amotun of coverage required to pay
<br />„the sums secured by this Dad of Trust.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that such approval. .
<br />shall not be unreasonably withheld. All premiums on insurance polities shall be paid in the manner provided under paragraph 2 hereof or, if not:
<br />paid in such manner, by Borrower making payment, when due, directly to the insurance carrier.
<br />All insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage clause in favor of
<br />and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof, and Borrower shall promptly furnish to
<br />Lander all renewal notices and all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br />Lander. Lender may make proof of loss if not made promptly by Borrower.
<br />Unesss Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
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<br />damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trust is not thereby impaired_ If such
<br />restoration or repair is not economically fusible or if the security of this Deed of Trust would be impaired, the insurance proceeds shall be
<br />;applied to the sums secured by this Deed of Trust, with the excess, if aaY, paid to Burrower. If the Property is abandoned by Borrower, or if
<br />Borrower fails to respond to Lender within 30 days from the due notice is mailed by Leader to Borrower that the insurance carrier offers to
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<br />t settle a claim for insurance benefits, Lender is authorized to collect and apply the insurance r oeeeds at Lender's option either to restoration or
<br />' ' repair of the Properry or to the sums secured by this Deed of Trust.
<br />Unless Leader and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend or postpone the due:
<br />F. date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of such installments. If under paragraph Ig
<br />hereof the Property is acquired by L ender, all right, title and interest of Borrower is and to any insurance policies and in and to the proceeds
<br />thereof resulting from damage to the Property prior to the seek or acquisition shall pass to Leader to the extent of the sums secured by this Deed-
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<br />of Trust unntediateiy prior to such sale or acquisition.
<br />6. Pnaervatlw And Makarerrace of ft*W y; LawseaoNs; CaNMidssos; }insaed Unit Dndol~sM. Borrower sW keep the
<br />Property- m good repair and shall not commit waste or permit impairment or deterioration of the Property and shall comply with the provisoms
<br />of any lease if this ^reed of Trust is on a leasehold. ? f 'his Deed of Trust is on a unit in a condominium or a planned unit development, ant, Borrower' "
<br />shunt perform all n Borrower's obligations under the declaration or :ovenanL< •creating of governing the condominium or planned unit
<br />development, the by -laws and regulations of the condominium or planned 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 agreements of such
<br />rider shalt be incorporated into and shall amend and supplement the .7venanis and agreements of this Deed of Taut as if the rider were a part
<br />hereof.
<br />7. Protecsioa of Lender's Sociarky. If Borrower tarts to pertorm *.he co—nants and agreements containw in this Deed of Trust, or if any
<br />action or proceeding is commenced which matert"y 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 Lcnder's option. upon notice
<br />to Borrower, may make such appearances, disburse such sums and take such action as is necessan to protect Leader c interest, including, but
<br />not limited to, disbursement of reasonable attorneys fees and entry upon the Property to matte repairs. if Lender required mortgage insurance
<br />as a condition of making the loon secured by this Deed of Trust. Borrower shall pay the premiums r:�:sred to nairtain such insurance in effect
<br />until such time as !toe requirement for such insurance terminate,; in ao– ordancz with Borrowers _J _ -_ Ic 'titer agreement or applicable
<br />law. Borrower shall pay the amount of all mortgage insurance premium,, in the manner provided a nuer pw aKtapts : hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon. >hai'= become additional indebtedness of Borrower
<br />secured by this Deed of Trust. Unless Borrower and Lender Agra 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 cot
<br />outstanding principal under the Note unless payment of interest at such rate would he contrary to applicable law, in which event such amount.
<br />shall bar interest at the highest rate permissible under applicable law. Nothing contained in this paragraph I shall require Lender to incur at y
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<br />pense or take any action hereunder,
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<br />g. 1 ea I Aender may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shall "
<br />pve Borrower nonce prior to any such inspection speeifyin` , easonable cause therefor related to Lender', interest to the Property.
<br />a. C 8dtmmetiow. The proceeds of any award at claim for damages, direct tx consequential, in connection with any condemnation or
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<br />other taking of the Property, or put thereof, or for conveyance in lieu of cendenmauon. are hereby assigned and shelf he paid in 1 coder
<br />In the event of A total taking of the Property, the proceeds shall he applied io Inc sums sMurcd ha this 4?cesl of 'I rust, with the etccss, d acv,
<br />_ paid Ip Ilottawcr In the event of a partial talking al the Property, unless Borrower end i -ender othrswiw, atnee in wnnng, Cher- vha;l he applied -- -
<br />- 1�! (fir writs v6' u cl h4 +h)+ 1%ml of Iknit su,=h proportion of the (:-ct:mds ash t5 ettual "I 'flat pinrNwion wImh the atn €tli!n Ott file sulfly cr,_w, r -.
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