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applicable law requires such interest to he paid, lender shall not be required to pay Borrower any interest or ear'tings 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 purpose for which each
<br />debit to the Funds was made. The Funds are pledged as additional security for the starts 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 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. It the amount of the Funds held by Lender shall not be sufficient to pay taxes, err: sssraents, 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 metier '
<br />is mailed by Lender to Borrower requesting payment thereof.
<br />Upon payment in fall of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Leader. 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 sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of application as a credit against the stints
<br />secured by this feed of Trust.
<br />s, 3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs
<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, theft to the principal of the Note, and then to interest and principal on any Future Advances.
<br />4. Cbwgm, liens, Borrower shall pay all taxes, assessmeras and other charges, fitter and impositions attributable to the Property which
<br />may attain a priority over this Deed of Trust, and leasehold payme, its or ground rents, if any, in the manner provided under paragraph 2 hereof
<br />or, if Trot paid in such mermen, 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 promp }
<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 men 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 fault coetest such Bert by, or defend enforcement of such If
<br />in, legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof,
<br />S. Named Lraeaaee, Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire,
<br />baurds included within the term "extended covera ;e ", and such other hoards as Lender may require and in such amounts and for such periods'
<br />as Leader 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 Deed of Trust.
<br />The insurance carrier providing the insurance shall be chosen by Borrowa subject to approval by Lender; provided. that rich approval
<br />shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the mantra 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 />f All insurance policies and renewals thereof stall be in form acceptable to Under and shall include a standard mortgage clause in favor of
<br />said in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof, and Borrower shat} prompth furnish to
<br />Lerida all renewal notices and all receipts of paid premiums. In the event of Ion. Borrower shall give prompt note to the insurance carrier and
<br />I cadet. Lender may make proof of loss if not trade promptly by Botrawer.
<br />Uoka lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration of repair of the Property`
<br />such
<br />damag,l. provided such restoration or repair is economically feasible and the security of this Deed of Trust is not thereby impaired. If
<br />zestoration or repair is not economically feasible 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 exxss, if aay, paid to Borrower . if the Property is abandoned by Borrower, or :f
<br />.t Borrower fails to respond to Lender within 30 days from the due notice v mailed by Lender to Borrower that the insurance carrier Offers :a
<br />settle a claim for insurance benefits, Lender is autborimd to collect and apply the insurance ^.7ceeds at Leader's option either to restoration or
<br />repair of the Property or to the sums surad by this Deed of Taut.
<br />Unless Lender and Borrower otherwise agree in writing. any such applicauon of proceeds to principal shall not extend or postpone the due
<br />date of the mom bly installments referred to in paragraphs 1 and 2 hereof or change the amount of such installments. If under paragraph I3
<br />hereof the Ptopaty is acquired by Lender, all right, title and interest of Borrower its and to any insurance policies and in and to cite proceeds
<br />thereof resulting from damage to the Property prior to the sake or acquisition shall pass to Leader to the extent of the sum secured by this Deed
<br />of Trust immediately prior to such sale or acquisition.
<br />6. Preserrvadoe mad hlniolasaace of heperty: LeaaAali: CwMaesitiama: Pleased Unit Drodop•elft Borrower shall keep the
<br />Property in good repair and shall not commit waste or perry t impairment or detaiaration of the Property and shall comply with the provtsietrs
<br />of any lease if his Deed i of Trutt is on s leasehold. ! f this Dew of Test is on a unit in a condominium or a planned unit development. Borrower
<br />shall Perform ail of Borrower's cblitgatioru :order the der oration err cGVertants _xcating or governing the condominium or planned unit
<br />development, the by -laws and regulations of the c:indotnimum or planned unit development, and constituent documents- If a condominium or
<br />planned unit develop Trent rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such-
<br />rider steal be ittcerporatod into and shall amend and suppiement the cover°,ants and agreements of this Deed of Trust as if the ride were a part ,
<br />hereof.
<br />7. Proedoe of [eadn's Seeatity. If Bor- u%oier ?acts to pen the ,v and agreement contained °n this Deed of Trust, or if any
<br />se
<br />action or proceeding is comminsced which mater aiiv affecu Lender's :nterest in the Property. including, but rot iuruted to, eminent Joint.
<br />insolvency, code tiforcemeni, or arrangements or proceedings invoivir g a bankrupt at deceden t t, ,en Lender at Lender's option, upon notice
<br />---to Borrower, may make such appearances, disburse such sums and take such action as s< recesses. n t o Protect i ,de -s mirrest. including, bur not linaned to, disbursement of reasonable attorney's fees and entry upon the Property to snake r epai- -. if Lender required mortgage insurance _
<br />as a condition of retaking the loan secured by this Dead of Trust. Borrower shall pay the prermums r equtred .e maintain such insurance in effect
<br />until such time as the requirement for such u.surance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />law, Borrower shall pay the amount of all mortgage insurance premiums in the manner provided undzt paragraph : hereof -
<br />Any amounts disbursed by Lender pursuant to this paragraph 7. with interest thereon, Thai; bec mt additional indebtedness of H'�rrvw cr
<br />savred by this shed of Trust. Unless Borrower and Leader agree to other terms of payment, serer amounts shall be payable upon notice frkn
<br />Lender, to Borro*ct requesting payment thereof, and shall bear interest from the date at disbursement at the rate payable from time to time Oa
<br />outstanding principal under the Note unless payment of interest at such rate would be canuary t + appli:abic IoM, in which event such amounts
<br />shall bear interest at the highest rate permissible under applicable law. Nothing contained to this paragraph 7 shall require Lender to incut any
<br />expense or take any action hereunder,
<br />2. Ittngartisa. Leader may make or cause to be made reasonable entnes upon: and iluspecuons of the Ptaperty, provided that Lender shall
<br />give Borrower notice poor to any st.ch inspection specifying reasonable _asst therefor related t a Lender's interest in the Property.
<br />a. Coa/enarasloa. The proceeds of any award or claim for damages, direct it consequentiaL in connection with anv condemnation gar
<br />outer taking of the Protierty, fir pan thereof, of for conveyance in tiro of condemnation, are hereby assigned and shall t*e paid to I ender
<br />to the went „f a tonal taking of the Property, the ffmcreds shall tw ar plied ;e: rnr +crier ssxuresl hs 'nisi i )oeed n; I tuwt, with the excess, tt ant.
<br />- - Paid to tv.tro *rt In rhr rent of a partial taking cat the Pri,perty, unless Ikrrrower and i ruder otrtrrMrx axtee n -,song, there shall € e appitr:f
<br />,a rhr stun. +erurn4 ht rhra tkrd ,tf I ruxt 4ueh 7,mt vtom +,f the pf,icraxlc a, t+ to that ;rt Ion two thr aawtwt -oi thr ,stn, sc,wrcl
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