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100816
<br />applicablc !aw ntcuares such interest to be paid. tender shall not be required to pay Borrower any interest or earnings on the Funds. Lender %half
<br />give to Ror-nwer, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each
<br />&-bit to the Funds was made. The Funds are predged as additional security for the sums secured by this Deed of Trust.
<br />if the amount 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 fail 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 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 nioticti
<br />is mailed by Lender to Borrower requening 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 Lander. If
<br />under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by lender, Lender shall apply. no later than immediately"
<br />prior to the %ale of the Property or its acquisition by Lender, any Funds held by Lender at the time of application as a credit against the %rani
<br />secured by this Deed of Trust.
<br />3. Appikatios of Paymteats. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs 1; !,
<br />and 2 hereof shall be applied by Lender first in payment of amount payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br />payable on the !rote, then to the principal of the Note, and then to interest and principal on any Future Advances.
<br />♦. (Iwl x: Lien. Borrower shall pay all taxes, assessment and other charges, fires and impositions attributable to the Property which
<br />may attain a priority over this Deed of Trust, and leasehold paymert or ground rents, if any, in the manner provided under paragraph 2 hereof .
<br />ear, if trot paid in such manner, by Borrower making payment, whet: due, dineal> to the payee thereof, Borrower shall promptly furnish to
<br />Linder all notices of amounts due under *-his paragraph. and in the event Borrower shalt make payment directly, Borrower shall promptly
<br />furnish to Lrndcr receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Deed of Trust;
<br />provided, that Borrower shall no: be required to discharge any such lien so long as Borrower shall agree in writing to the paytnait of the
<br />obligation sewed by such Len in a manner acceptable to Lender. or shall in good faith contest such Jim by, or defend entfortxmait of such lien
<br />-:in, legal proceedings which operate to prevent the ertforcement of the lien or forfeiture of the Property or any par. thereof. -
<br />S. Iiaaard lin araace. Borrower shall keep the improvements now existing of hereafter exacted on the Property insured ag:ittst doss by fire.
<br />hazards included within the term "c tended coverage and such at>ttr hazards as Lender may require and in such amounts and for such periods
<br />as Lender may require; provided, that Lender shall nor require that the amount of such coverage mcmd that amount of coverage requires to pay
<br />the sutras secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shag be chosen by Burrower subjec to approval by Lender; provided, that such approval
<br />shall not be unreasonably withheld. All! premiums on insurance policies shall be paid in the manner provided under paragraph 2 hereof or. if not
<br />paid in such manner. by Borrower snaking payment, when due, directly to the insurance carrier.
<br />All murance policies and renewals thereof shall be in form acceptable to Lender and shall iiiciudt a standard mortgage clause ire favor of
<br />and in form acceptable to Lender. Lender shall ?gave the right to hold tilt policies and rexxwaLs tlxreof, and Borrower shall promptly furnish to r
<br />Lender all renewal notitx< and all receipts of paid premiums. In the event of kiss, Borrower sr" give prompt notice to the insurance carris and 3 ,
<br />Leader. Lender may make proof of loss if not made promptly be Hooter, - I
<br />Unless Lender and Borrower otberwrse agree in writing, insurance proceeds -Aaii be applied to restoration or repair of the Property
<br />damaged, provided such restoration or repair is economically feasible and the security of this deed of Trust is not thereby impaired. tf such
<br />restoration or repair is not economically feasible or if the sentrity of this Decd of Trust would be irapiirtd. the inpeuaace proceeds shall be a <.
<br />Applied to the sums secured by this Deed of T rust. with the eiccm. if ally, paid to Borrows. If the Property is abandoned by Borrows, or if ~
<br />fails to respond to Lender within 30 days from the date notice is mailed by Lmtde to Boffvwer thin the insurance cam. offers to
<br />aatk a claim for i smiince beotftu. Lender is authortaed to collect and atyafy the irssuuranc r oceeds at Lenda's option either to restoration of
<br />repair of the property or to ilic sums secured by thus Deed of Trans.
<br />Unleffi I.ctafC and Bs mower otherwise agree in writing, any such appilicauntillof pl ocreds m prtoapal snail runt exttstd or postpoas the daw
<br />flare of the monthly insm tmeau referred to in paragraphs i and 2 hereof or change the, amount of such insudimews. If usoder paragraph it
<br />hereof the Property is acmiLnd b% Lender, all right ntk and imerem of Borrower in and to any insurance pahcm and in and to the proceeds
<br />thereof suiting from damage to the Property prior to the sail or aoguisiaon shall panto i eada to the anent of the sums secured by this Deed
<br />i) f T .ss i an ratc:y r,. nor to such sale or aquisation.
<br />n. Praervad" and lMaiaaeraae of Peageny: Lemebalft C.aaisttpb"ns; Prawnd ihok De diquoew. Borrower shall keep he
<br />IProocry in good repair and shad= not commit watt or permit ampaamesm or de a imation of the Property and shall comply with the provisions:
<br />of act» lease st t: ^.is Beek of Trust is on a leasehold. i'" tnsr bend of Trot is an a unit in a condoms or a planned unit development, Borrower
<br />shall e.form -'= ._; Borrower's obligstitms undo the ueca.rat on or covvtur s -atins or govesaing the condominium or planned unit
<br />cievelop_mene „he ty -ax-s and regulations of the c,=adcsin um or ptan_md unit dr.riopme t, and coosutrucat documents. If a eandominium or -
<br />planned snit de'elnrment rider is executed by Borrower and recorded: together w :it this Deed of Test, the covenants and rgreements of such
<br />ruder shah be incorporated into and shall amend and sap; iemtpi the versants and agreements of this Deed of Trust as if the rids were a par
<br />begrxvf.
<br />?, Proaectitsuu Of Leader's Jexvrlty. if & _. _ is -;t per -are: tn_ a.enants and agreements coma e,, m hits Deed of Trus, or if any
<br />action, it I-c era-,rLg is commenced which ma::*:ah ai'___ tcaa» - inun ts: in :he Props, mdti -ding. to tot i.mrind to, -new dcmuu i
<br />insoivericiv ,:ads triforctmem, or arrangtnents err pr,3 i ngs im-6 -its a tranimcrim or decedent. ;hen I.e:rac at 1 -mater s opuoa, upar, notice .
<br />_ to Borrower, may make such appearances, disburse such suns and :take such action as is nccenar: to prztca Lender's interest. including„ but
<br />-. Wu limited to, disbursement of reasonable attorney's fees and entry upo, the Propem- to mace rtpam- - if Leader required ems. - -
<br />'tga8t':”`
<br />aa a londttirin ai ncaxing the loan secured by this Deed of Trust, Borrower snail pay the premiums . ect�: rest to mautuLn wucn insurance in ed €ems
<br />until ;wit t:rae a: he requirement for such insurance trimmates in accordance with Borrower's and f.endcr's wnitrn agreement or apphcabic
<br />Law Borrower %hail pay the amount of ail mortgage insurance premiums to the mania!^ provided matt paragraph 2 riser.f.
<br />slay accounts disbursed 'thy Lender pursuant to this paragraph ?. lIith interest thercor:. scald become addi umal indebtedness of Hxrewer
<br />secured by this Bard of Trust. Unless Borrower and Leader agree to other tetras of payment, such amounts shall be payable upon notice from
<br />Lender to Born <wer tectuming payment thereof. and shall bear interest from the date of dr bursrment at the rate payable from time to tune on
<br />outstanding prim-trial under the Note unless payment of interest rest w such rate we -,old he contrary tt - Arnpficabic raw, zn which nvnr such amount_*
<br />heat mtccst At the highest rate permissibie under applicable law. Notnung usntaineo an thus paragraph ? shall require LerAer to incur any
<br />txpenw or take any action hereunder.
<br />I. to owdoe. 1. coda may snake or causc to be made rtes .marsh entries upon: and inspection- rat the Property, pin im -t3et that 1_°; :- sna%
<br />Murf
<br />- r"t lio rrrrwrr ncitice prior TO any such inspection %pexifyinrg roasonabis.aiut therc`crx °edaitxt tes f.endei "s antcrtst m the Prcrpe.ty.
<br />Q. (:Oadieiftwjfixm. The pro..-aeds of any award of - '.taim for damages, dared :.x :�r!r.�gsat,tiai.:n .onritctrore rash any .cmdrmnau.xn :. -
<br />cathtr taking ,•t the Pct pea's. ern tsars thereof. sir fi*r conscyance ,n i.eu (If are henry assigned and ;hail be, paid io f ender
<br />-- 's, t* r rrft. �# a rated taking rs's [eye r rvpen y. tht prcic°r edc sttaii ire applttd t =� ±tae tarns uv-urrd nc !m, i a! ? �uvt. ,krth the it ,cese. r! ant.
<br />;3arr; "> Hrnrr -,con !r, the csea! 1! a t*an.ai tak.rnil 4 the frcrPeriti. sunless BtntrC—t,T w<tut t r^r.:rt, w,t ;,c "wSsc atttrr :n —11mi, thac'hail t+e aph -ems .� «. .
<br />__ ',,'t,m, -'V exI �, `, it !)sect of f -':5t 1;1,h proix ttoin err, .hr i, ;- rat .,8, t., -tea: ..,.-. br ri_ )',E: -- -'hi, --n",
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