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<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 />-� hc:ut ;.h=gc, z_r > cans! =_.ccn,mting of the Funds showing credits and debits to the Funds and the purpose for which ea.h
<br />debit to the Funds was made. 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 Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes,
<br />assess. am . insurance nce prem_....... a-A ground rents, shn11 excel 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. If the amount of the Funds held by Larder 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 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 />tinder paragraph 18 hereof the Property is sold or the Property is otherwise acquired by L ender, 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 tip of application as a credit against the sums
<br />secured by this Deed of Trust.
<br />3. Appgcadoa of Payments. Unless applicable law provides otherwise, sod payments received by Lender under the Note and paragraphs I
<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 />A. Cbargm; Lima. 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 ground rents, if any, in the manner provided tinder 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 Trout;
<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 />ice, legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Aaxard Insurance. Borrower shall keep the improvements now existing of hereafter erected on the Property insured against low by fiM
<br />hazards included within the term "extended coverage ", aad such other hazards as Lender may require and in such amounts and for itch 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 Deed of Trust.
<br />The insurance carrier providing the insurance shall be chosen by Borrower object 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 instuaxe carrier.
<br />Ali irsurarim policies and renewals thereof shall be in form acceptable to Leader and shall include a standard mortgage clause in favor of
<br />and in form acceptable to Lends. Lender shall have the right to hold the policies and renewals thereof, and Borrower shall promptly furnish to
<br />Leader all renewal notdxs and all receipts of paid premiums. In the event of Ioss. Borrower shall give prompt notice to the insurance carrier and
<br />Leader. Lander may make proof of loss if not made promptly by Borrowe..
<br />Unku Lender and Borrower otherwise agree in writing, insurance: proceeds shall be applied to restoration of 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 />renorstion or repair is tot 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 excess. if any, paid to Bonower. if the Property is abandoned by Borrower. OF if
<br />Borrows fads to respond to Lender within 30 days from the due notice is maid by Lender to Borrower that the insurance! carrier fOTLt to
<br />fenk a cis, ID for insurance benefits, Leader is authorized to coiled: and apply the insurance proceeds at Lender's option tither to restoraboa or
<br />repair of the Property or to the sums secured by this Died of Trust.
<br />Unless Le now and Borrower otherwise agree in writing, say such appbcanon of proceeds to principal shall not extend or postpone use due
<br />date of the monthly installments referrered to in paragraphs I and 2 bereof or change the amount of such imtaltmcnu- If under paragraph 18
<br />hereof the Proms tY is acquired by Lender, all right, title and interest of Borrower in and to any ingu ance poficia 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 aims secured by this Deed
<br />of Trust urmi dsatety ' -ror to such sale or acquisition.
<br />i. News es and hiWatnna of Propem; Leaseitew- Codasidota; rha eel Unit Dew eposelL Borrower shall keep the
<br />Propern in good repair and snail not commit waste or permit impairment or deterioration of the Property and shag comply with the Provisions
<br />of any iesse .t true Deed of T= test is on a leasehold. If this Deed, of Trout is on a unit in a condominium or a pdatmed unit des ciopmernt, Borrower
<br />shatl peTforr ai. of Borrower's obligations under the derla,-anon or ;,ovettams, creating or governing the condominium of planned tout
<br />—A --, or r,ta�ne unit deveiopwwt, am constituent documents. If a coaaaminitmr ot
<br />pustined urn- de+ei,: mrnt ruder is executed by Borrower and recorded together with this Dad of Trust, the covenants and agreemcglt of sucit
<br />ridet shall be rocorporated into and shall amend and supplement the coveraan and agreements of this Deed of Trust as if the rider were apart
<br />hereof.
<br />7. Preteeeoe of Leader's Seearity. if Borrower tans to perform the covenants and agreements contained in this Deed of Trust, or if any
<br />acre or p tocaedinlE is commenced which materially affects Lender's interest in the Property, including, but not limited to, Gramm domain,
<br />insolven �. cede trice xrnent, err arrangenienu or proceedings irvo {wing a bankrupt or decedent. Ikea Lender at Lender's option, upon notice
<br />to Borrower, may make such appearance`, disburse such rims and take such action as is neoessa.: to protect Lender's mteres', including, but
<br />not limited to, disbursement of reasonabk attorney's fees atnd entry upon the Property to make repairs. if Lender : equired mortgage insurance
<br />as a condition of making the loan secured by this Deed of Trout, Borrower shall pay the premiums •routrea to maintain such insurance in effort
<br />until such unit as the requuemmt for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />law Bo Corer shadVi pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />secured by this Reed 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 time on
<br />outstanding principal under the Note unkss payment of interest at such rate would be ontrari rod applicable law, in which eventi such amounts
<br />shall bear interest at the timbst rate permissible under applicable law. Nothing contained in this paragraph 7 shalt require Lender to incur any
<br />expense or take any action hereunder.
<br />g, underlies. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shall
<br />give Borrower notice prim to any such inspection specifying reasouamne cause tncrcfor, rciatui io L5- Pr_'e' =Y-
<br />C Con ilsma Woes. the proceeds of any award or cia.'m for damages, dirw or consequential, in connection with any condemnation of
<br />other taking of the Property, of part thereof, or for conveyance in lieu of condemnation. are hereby assigned and shall tx paid to l.cnder
<br />In the even of a total taking of the Property, the proceeds shall hr applied to the .suns secured by this [Xed of Trust, with the excess, if any,
<br />pad to V)ort —er in the event of a partial taking of the Property. unless Borrower and Lender otherwise agree in writing, there shall he applied
<br />to the turns sod red try this I)m4 of Trust such proportion of the ;roceeds as rs equal so that proportion whtch the amount of the turns s urrd
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