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r ,»s 10100:?
<br />armh, aWC :w requires sic Ii ncrre }t k,, he raid, Lender % hat ! not be required to pay Borrower any interest or earnings on the Funds. Lender shall
<br />gise'o Borower, w -thous :hargc, an annual accounting of the Funds showing credits and debits to the Funds and the durpose for which each
<br />rtrhit — the Viin& wan made The Funds are pledged as additional security for the sums secured t�v 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 around rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums and
<br />g oar td : girls as they fs!l due, sueh excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on. monthly
<br />installments of Funds. If mount of the 'unds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and
<br />the a
<br />!- ground rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the deficiency within 33 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 />tender 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 We 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. Appikedoo of Payawots. 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 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 interest and principal on any Future Advances.
<br />4. Chargaa; Liens. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to the Property which
<br />may attain a priority over this Deed of Trust, and leasehold payments or ginund 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. Hosard loaarance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against 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 amount of coverage required to pay
<br />the sums secured by this Dead 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 policies 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 polities and renewals thereof, and Borrower shall promptly furnish to
<br />Lender 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 />I ender. Lender 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 />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 feasible or if the security of this Dad of Trust would be impaired, the insurance proceeds sball be
<br />- applied to the stuns secured by this Dad of Truest, with the excess, if any, 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 mailed by Lender to Borrower that the insurance carrier offers to
<br />settle a claim for insurance benefits, Lender is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or
<br />repair of tae Property or to the sums secured by this Dad of Trust.
<br />Unless lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due'
<br />date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such insntliments. If under paragraph 18
<br />hereof the Property is acquired by Lender, all right, title and interest of Borrower in and to any insurance policies and in and to the proceeds
<br />thereof resulting from damage to the Property prior to the sale or acquisition shall pass to Lender to the extent of the sums secured by this Deed
<br />of Trust immediately prior to such We or acquisition.
<br />6. Preservadoa and Maiateoaon of Property; Leaseholr; Coodonitrdsuea: Fbamd Utah Deedopeomb. Borrower shall keep the
<br />Property in goad repair and shat! not commit waste or permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust is on a unit in a condominium or a planted unit development, Borrower
<br />shall perform all of Borrower's obligations under the declaration or covenants creating or governing the condominium or planned unit
<br />development, the by-laws and regulations of the condominium or planned unit deve'opment, and constituent documents. If a condominium or
<br />planned unit development rider is executed by Borrower acrd recorded together with this Deed of Trust, the covenants and agreements of such
<br />rider shall be Incorporated into and shall amend and supplement the overiains and agreements of this Deed of Trust as if the rider were a part
<br />hereof.
<br />Y
<br />T, Protection of LeWer's Savorily, if Borro%vt fails Eli per r0[nt !h? ; u,v:narlts and agreements contained tai tens Deed of Trust, or if any -
<br />action or pracmung is Commenced which materiaily affects Lcuder'] Interest in the Property, including, but nut limited to, eminent duna r,
<br />insolvency, code enforcement, or arrangemrrus or proceedings involving a bankrupt or decedent, then Lerder at Lender's Option, upon notice
<br />its Ikirrower, may make such appearances, disburse such sums and take such action as is necessary to protect I.cndct's interest, including, but
<br />not lirmted to, disbursement of reasonable attorney's fees and entry upon the Property to make repair:. 1 t Lender required mortgage insurance
<br />as a condition of making the loan secured by this Deed of Trust, Borrower shall pay the premiums require ! to maintain such insurance in effect
<br />until such time as the requirement for such insurance terminates in accordance with Borrower's and I.ender "s written agreement or applicable
<br />law. Borrower shall pay the amount of all mortgage insurance p emiums in the manner provided under paragraph 2 hereof.
<br />Airy amounts disbursed by Lender pursuant to this paragraph 17, with interest thereon, •,bat 6tcon -e ,i !ditwnal indebtedness or Porrower
<br />secured by this Deed of Trust. Unless Botrowet and !..ender agree to athrr terms of payment, sash amount, shall be payable upon notice from
<br />tender to horr<,wrt requesting payment thereof, and shall bear Interest from the date of disbursement at the rate payable from time to time on
<br />outstanding principal under the Note unless payment of interest at such rate would he contrary hi applicable lacy, in which event such amounts
<br />shall bear interest or the highest rate permissible under applicable law. Nothing comained in this paragraph ? shall require Lender to incur any
<br />_
<br />expense or take any action hereunder.
<br />g. IwMrllwt. I.endef may make sir cause to be made reasonable entries urn and inspection, of the h'toperty, provided that I -ender shall
<br />give {irnrowrt notwr prior it, any inch mspection spmIlying teasonable "ause theirtoi ,elated to Lender's interest in the 1'roperts.
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<br />9 . t aotirroaoilaa. r he prixe,is of am award of ciatm f'ot damaKes, durst :rr cunttaequentia!, in cr.nnrt,tiun wish env sondrmnatton ur
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<br />tIfhri faking 1-1 the i'mvehty, ,u 1,art therein, nr for sonveyautr in hri, nt'Oudeniumhon, ire herehv as%laned and ,hall t,r paid to 1'rodet
<br />t/i 1t,tai taking of ittr I't"prtty, the prrft sprites sha.il Ix' i {visited I„ uhf" Eo siis w urrtl 11, `iii` l heJ t,f t 1 k,si, `` +',1h Ihr ett'esS, if a64-
<br />Iril'toii fa►kna'A tlrx^ I'f.ryJwfts anlev, hoffo ri noo I rmict 1 ?th ±'Iw!%C fritter m -'u oi},, there hall N applwo
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