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101528
<br />If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which are
<br />insured or guaranteed by a Federal or state agency (including Lender if Lender is such an institution). tender shall apply
<br />the Funds to pay said taxes, assessments. insurance premiums and ground rents. Lender may not charge for so holding
<br />and appiving time Funds, anaiyzing will account ur verifying and compiling said assessments and bills, unless Lender
<br />pays Borrower interest an the Funds and applicable law permits Lender to make such a charge. Borrower and Lender
<br />may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower,
<br />and uniess such agreement is made or applicable law requires such interest to be paid. Lender shall not be req'uit—cd
<br />to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without charge, an annual
<br />accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was
<br />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
<br />the due dates of taxes, assessments. insurance premiums and ground rents, shall exceed the amount requited to pay said
<br />taxes, assessments, insurance premiums and ground rents as they fall due. such excess shall be, at Borrower's option.
<br />either promptly repaid to So-rower or credited to Borrower on monthly installments of Funds. If the amount of the
<br />Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall
<br />due. Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender
<br />may require.
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any
<br />Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by
<br />Lender. Lender shall apply, no later than immediately prior to the We of the Property or its acquisition by Lender. any
<br />Funds held by Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. Apoicatioa of Payments. Unless applicable law provides otherwise. all payments received by Lender under
<br />the Note and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by
<br />Borrower under paragraph 2 hereof, then to interest payable on the Note. and then to the principal of the Note.
<br />8. Prix Moirtpgn and Deeds of Trash Charrm; lima. Borrower shall perform all of Borrower's obligations
<br />under any mortgage, deal of trust or other security agreement with a lien which has priority over this Deed of Trust.
<br />including Borrower's covenants to make payments when due. Borrower shall pay or cause to be paid all tans.
<br />assessments and other charges, fines and impositions attributable to the Property which may attain a priority over this
<br />Dead of Trust, and leasehold payments or ground rents, if any.
<br />S. Hazard hrrusaae. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage", and such other hazards as Lender
<br />may require and in such amounts and for such periods as Leader may require.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender: provided.
<br />that such approval shall not be unreasonably withheld. Alt insurance policies and renewals thereof shall be in a form
<br />acceptable to Lender and shall include a standard mortgage clause in favor of and in a form acceptable to Lender.
<br />Lender shall have the right to hold the policies and renewals thereof. subject to the terms of any mortgage, deed of trust
<br />or other security agreement with a lien which has priority over this Deed of Trost.
<br />In the event of loss. Borrower shall give prompt nonce to the inurance carrier and Lender. Lender may make proof
<br />of loss if not made promptly by Borrower.
<br />If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date
<br />notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefm. Lender is
<br />authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the
<br />Property or to the sums secured by this Deed of Trust.
<br />6. Proservatam sad Mainonanove of €4eportyt Louth". Cam; Planned Unit Devetopmears, Bor-
<br />rower shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the
<br />Property and shall comply with the provisions of any lease tf this Deed of Trust is on a leasehold. If this Deed of Trust is
<br />on a unit in a condominium or a planned unit development. Borrower shall perform all of Borrower's obligations under
<br />the declaration or covenants creating or governing -he co. ommiuim or pl=ned unit development, the by-laws and
<br />regulations of the condominium or planned unit development. and constituent documents.
<br />9. Prsm:ldm of Isdw% Security. If Borrower f dis to perform the covenants and agreements contained in this
<br />Deed of Trust. or if any action or proceeding is comdrenced which materially afern L endec = interest in the Pro,--ty,
<br />then Under, at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums. including
<br />reasonable attorneys' fees, and take such action as is necessary to protect Lender's interest. If Lender required mortgage
<br />insurance as a condition of making the loan secured by this Deed of Trust. Borrower shall pay the premiums required to
<br />maintain such insurance in effect until such time as the requirement for such insurance terminates in accordance with
<br />Borrower's and Lender's written agreement or applicable law.
<br />Any amounts disbursed by Lender pursuant to this paragraph '. with interest thereon, at the Note rate. shall
<br />become additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to
<br />other terms of payment, such amounts shall be payable upon nonce from Lender to Borrower requesting p yment
<br />thereof. Nothing contained in this paragraph ? shalI requite Lender to incur any expense or take any action hereunder.
<br />A. linipeetioo. Lender may make or cause to be made reasonable entries upon and inspections of the Property,
<br />provided that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor
<br />related to Lender's interest in the Property.
<br />4. Conde. The proceeds of any award or claim for damages, direct or consequential. in connection with
<br />any conde"tn'naati.m y.. —x o- rx�lo-,.� :.._ D�_ ....�w_ ., _ - _
<br />or for ;-a ce :P ltcv of condemnarion. ark
<br />hereby assigned and shall be paid to Lender. subject to the terms of any mortgage. deed of trust or other security agree-
<br />ment with a lien which has priority over this Deed of Trust.
<br />10- Bseewwor Net Relesaed; Ferbe0rmce 13y Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Deed of Trust granted by Lender to any successor in interest of
<br />Borrower shall not operate to release, in any manner, the liability of the original Borrower and Borrower's successors in
<br />j interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for pay-
<br />(,,._ meat or otherwise modify amortization of the stuns seethed by this Deed of Trust by reason of any demand made by the
<br />original Borrower and Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />hereunder. or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or
<br />remetdy.
<br />IL Stactsfasos and As Ign @ocad; Joint and Several LJabillty; Co- signers. Tire covenants and agreements
<br />herein contained shall bind. and the nghts hereunder ,hail inure in, the respective successors and assiKns of Lender and
<br />Br,mrwrr -,ublecf to the prctvtsfuns of paragraph !6 hereof. All covenants and agrrernents t +f BAm-er shall tw µ,int and
<br />xverai Anv liorrerwrr who ct, -%igm this L"I it - Trust, but dtsgs_tlrt V-,e thr Nair. -a? is co, signinp i his Dred tit Trust
<br /><,nfr II+ grant and mnH e, that Ht}trtewer s filter,,[ fn ehr l't,i;xrts`2t,fTsuilvte, uncle, the terms of thts Dml ;,t I rust. tt,f is
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