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87-- 102840
<br />applicable law reynires such interest to be paid, Lender shall not be required to
<br />cave to Borrower, without charge, an annual pay Borrower any interest or earnings on the Fumda. Linder shall
<br />deft to the Fug was nude. The F accounting of the Funds showing credits Mad debits to the Funds and the
<br />r if the amount of the Funds held pirW es motional security for the sutra secured by this Deed of Trust. purer for�wh ch each
<br />i I fir, together with the future monthly instaUments of Fonds pis prior to the due dates of taxes, and
<br />insurance Premiums and ground rents, shall exceed the amount required to pay said taxes, aasesstnents, to the insurance Premiums m,
<br />ground runs as they fall due. such exau shall be, at 1lorrower•s anion. either
<br />of Funds. If the amount of the Farads held Promptly repaid to Borrower or credited to Borrower on monthly
<br />installanstats Jt rents u they faR dux, Borrower "pay to I arnkr any Shall not be suftkient to PeY lazes, assessments , inwane premiums and
<br />is mailed
<br />M Lender to Borrower requesting paynumt thereof.
<br />t ssarY to make up the deficietscy within 30 days !relent the date notice
<br />Upon payment to full of all sums secured by this Deed of Trust, Lender shall
<br />under Paragraph I hereof the Property is sold or the Property is otherwise Promptly refund to Borrower any Fonda held by Lender. If later than 1 secured by lets Deed of Trust. Property or its acquisition by Lender, any Funds held by Lender at�heetit Kra f aPp1!cat asacredit against t sums
<br />telly Sale Of the
<br />3• M/Meatlaa of hymeak. Unless s
<br />erb 2 hereof shall be pRUcable law Provides Otherwise, all payments received by Lender under the Note and paragraphs
<br />applied by Leader first in payment of amounts payable to Lender by Borrower under I
<br />paribk On the Note, tern to the Principsal of the Note, then to interest and Paragraph 2 hereof, then to interest
<br />1' �: Imo' Borrower shall Principal on any Future Advances.
<br />pr'a't over this pay sU taxes. assessments and other charges, fines and impositions attributable to the Pr
<br />may attain a y teed of Trust, and kasehold
<br />or, if not Paid in such manner, by Borrower Payments or ground rents, if any. in the mantra oPer! which
<br />Leader all rtOttdsea o[ making Payment, when due, directly to the Provided under paragraph 2 hereof
<br />amounts due under this paragraph, end in the event Borrower shallethereof. Borrower shall Promptly furnish to
<br />furnish to Lender receipts evidencing such payments, Borrower shall promptly discharge any lien Payment directly.
<br />Provided. that Borrower shalt not be required to discharge Borrower
<br />any such lien pt brag as Borrower shell Borrower seal! promptly
<br />Priority over this Deed of Twat;
<br />Obligation secured by such lien in a manner acceptable to Lender, or shall in good faith contest such lien by or defend enforeein t of such lien
<br />in' legs( Proceedirtpps which operate to
<br />9 prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />Is+wraaee. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />hazards ituluded within the term -extended coverage••, and such other hazards as Lender may require and in such amounts and for such periods
<br />q Leader may tegnire; against loss by fire,
<br />the sums Fronded' that Lender shall not require that the amount of such coverage exceed that amount of coverage required to pay
<br />secured by this Deed at 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 c manner. by withheld. All premiums on hsurance 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 morn
<br />Lenin forth acceptable es Lender. Lender shall have the right to hold the Policies and renewals thereof, and Borrower shall promptly furnish to
<br />Lender all renews! Berge clause in favor of
<br />totters and all f loss if no Pull Premiums. In the event of loss. Borrower shall give prompt notice to the insurance carrier and
<br />Lender. 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 />restomtioa or repair is riot economicaUY feuible or if the
<br />applied to the sutras secured b this security of this Deed of Trust would be impaired, the insurance proceeds shall be
<br />Y Dead of Trust, with the excess, if any, paid to Borrower. If the Property is abandoned b
<br />Borrower fails to respond to Leader within 30 days from the date notice is mailed by Lander to
<br />setk a claim for ' Y Borrower. or if
<br />urtraace benefits, Lender is authorized to collect Borrower that the insurance carrier offers to
<br />repair of [be Property or to the sutra secured by this Deed of Trust. and apply the insurance proceeds at Lender's option either to restoration or
<br />U Lender and Borrower otherwise agree in writing, any such application of Proceeds to principal shall not extend or
<br />date of the monthly Property installments referred , art Paragraphs 1 sled 2 hereof or change the amount of such installments. If under
<br />hereof Postpone the due
<br />the Property is damage by Lender, ty right, tick and interest of Borrower in and to any insurance paragraph Ig
<br />thereof from to the Pt policies and in and to the
<br />of Try ' immediately to such sale or oPertY Prior to the sale or acquisition shall Pau to Lender to the extent of the sums secured t Proceeds
<br />a. wqutaition. y this Deed
<br />Property *_ at PY. Ls+alloitb; asid
<br />of an if this not a teasct waste or Permit impairment � Utdt Dee le. Borrower shall keep the
<br />Aan Y iycctl of Trust is on a pairment err deterioration of the Property and shall comply
<br />Pseforan of leasehold. 1f this Deed of Trust is on a unit in a condominium or a 1 development. with the provisions
<br />Borrowers obbgatom under the declaration or covenants creating or soverttingpt! �c�ondpminium or Borrower
<br />' all
<br />by laws and regulations of the cm or Planned unit development, and constituent documents. If a co
<br />Planned unit
<br />rimer is exsrast� by Borrower and recorded together with this Deed of Trust, the covenants and condominium s or
<br />ride be ed into and shall amend
<br />hereof. and aupplenent the covenants and aBreernens of this a8rider w a a such
<br />7.
<br />Deed of Trust as if the rider were ®part ritailiacasis
<br />or d LeadK'e Su alky. if Borrower fails to perform the covenants and agreements contained in this Dad of Trust. or'(any
<br />Rung is which materially affects Letdtr's interest in the
<br />code enforcement. or arrangements a Property, including, but not limited to, eminent
<br />o
<br />not limited auY a such Proceedings involving a bankrupt or decedent, then Lender at Lender's option, upon notice
<br />as & condition of making tsr of reasonable att�ys fees and entry upon the Property action as is necessary to Protect Lender's interest, including, but
<br />the loan secured by this Deed of Trust, °party to make repairs. If Lctnle required mortgage insurance
<br />U time as the requirement for Borrower shall Pay the Premiums required to maintain such insurance in effect
<br />-, such insurance terminates in accordance with Borrower's and Lender's written
<br />Pay the aatount of all mortgage insurance premiums in the manner Provided under paragraph 2 hereoframent or applicable sh
<br />� by Lender Dursuarn to this
<br />by t� Deed of T. U� _Borrower and Paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />Leadles m i09 Payment thereof, ands area to other terrtts of paYmemt, such amounts shall be
<br />PrWdPal -der shell bear interest from the date of disbursement at the rate payable upon rake (ran
<br />OUR the !Tote unless payment of interest at such rate would be contrary to applicable law, which(ev nt time to time such amounts
<br />bur ' natem at the rate Permissible under
<br />Of take any applicable law. Nothing contained in this Paragraph 7 :lull
<br />i, rcgtrire !,ender to incur any
<br />tttve Borrower 0 - ceder troy make or cause to be made rmwmbk entries u
<br />Prier to any such inspection s Pon ud inspec was oft he ProxrtY. Provided that Lender shall
<br />t►. Pacifying reasonable cause therefor relate! to Lender's interest in the Other G�aaslaa. The Proceeds of any award or claim for Property.
<br />taking of the Property. or part thereof, or for con ' direct or consequential, in connection with any condemnation or
<br />to the event of a total taking of the W pnatets shall of coidemnation, are hereby assiassrsf and shall be paid to Lender.
<br />Property, of evilest
<br />p o "d by this of a Partial taking of the uniee Borrower and Lender rnhcrwise agree of citing with there shalt he aPtNieil
<br />Dap! of 'inner scceh
<br />Proceeds as is equal to that prntp,rtinn which the anti na,
<br />ill the sums stcurcd
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