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tai- -- 102887
<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 />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 trade. The Funds are pledged as additional security for the sums secured by this peed of Trust.
<br />If the amount of the Funds held by Leader, 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 />VOU4d 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 />irataBmmts of Funds. If the amount of the Funds ield by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and
<br />ground rents as they fail 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 Leader 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 />under paragraph is hereof the Property is sold or the Property is otherwise acquired by Lender, Leader shall apply, no later than immediately
<br />Prior to the ask of the Property or its acquisition by Lender, any Funds held by Lender at the time of application as a cr
<br />Deed of Trust. edit against the earns
<br />secured by this De
<br />3. Applleades of ftYiniats. Unless applicable law provides otherwise, all
<br />and 2 hereof shall be a payments received by Lender under the Note and paragraphs I
<br />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. CMrga; 1JM. Borrower shall pay all taxes, assessments and other charges, fines and impositions
<br />may attain a priority over this feed of Trust, and leasehold attributable under the Property which
<br />or if not payments or ground rents, if any, in the manner provided reader paragraph 2 hereof
<br />paid m 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 />furmsh to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Decd of Trust;
<br />Provided, that Burrower shall not he required to discharge any such lien so long as Borrower shall agree in writing to the payment of the
<br />obligation cured 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. ffasard lasaraaee. 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; pT °sided• 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, required
<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 he 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 policies and renewals thereof, and Borrower shall promptly furnish to
<br />Lender all renewal notices wid all receipts of paid 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 othawtsc agree in writing. insurance Proceeds shalt be applied to restoration or repair of the Property
<br />damaged. Provided such reatoratutn or repair is economically feasible and the security of this Deed of Trust is not thereby impaired. if such
<br />riatorateon or repair is nit -OnOmwabY feasible or if the security of this Deed of Trust would be impaired, the insurance proceeds shall be
<br />Applied to the swu secured by this Dos! of Trust, 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 authorised to collect and apply the insurance proceeds at Lender's option either to restoration or
<br />repair of rte Property or to the sums secured by this Dead of Trust-
<br />Unless Leader 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 in is referred to in paragraphs 1 wild 2 hereof or change the amount of such installments. If under
<br />hereof the Property is acquired by Leader, all right• title and interest of Borrower in and to any insurance paragraph ds
<br />thereof restdting from damage to the Property prior to the sak or acquisition shall extent is and in secured to the proceeds
<br />of True immediately prior to wept sale or acquisition pass to bender to the extent of the sums secured by this Deed
<br />rtweraaraa ts/ hislawass ee of Prararty; Lemehepule; C ; used Utdt Din
<br />Property in good repair and shall not canmit waste or uefeNeau. Borrower shall keep the
<br />Of any !ease if olds peed of Trust is on a Permit Impairment or deterioration of the Property and shall comply with the provisions
<br />1f this Deed of Trust is on a unit in a condominium or a planned unit
<br />sled Perform all of Borrower's obbgations under the declaration or covenants creating or governing the development, or planned Borrower
<br />dgvdOPmmt, the by -laws and regulations of the condominium or planned unit development, and constituent doccivam se if a condominium or
<br />planned unit development rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such
<br />rider $hW be incorporated into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a part
<br />hereof.
<br />7. PnarcNoa of f,ass"'a Senugy. If Borrower fails to
<br />anion or perform the covenants and agreements contained in this Deed of Trust, or if any
<br />Procetdsing is commenced which materially affiftu Lender's interest in the Property, including, but not limited to, eminent domain,
<br />v. code enforcement, or arrangements or Proceedings involving a bankrupt or decedent, then Lender at Lender's option, upon notice
<br />to Borrower• MY make such appearances, disburse such stuns and take such action as is necessary to protect Lender's interest, including, but
<br />rut to, of reasoaiable ate
<br />At a or 11 fen and entry upon the Property to make repairs. If Lender required mortgage insurance
<br />of taakirgp the ban secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />until such time as the requirement for such insurance terminates in Accordance with Borrower's and Leader's written agreement or applicable
<br />less. Borrower hay the amount of ail mortgage Insurance Premiums in the manner
<br />Any provided under paragraph 2 heren(,
<br />send by Leader Parswm to this Paragraph 7, wish interest thereon, shall become additional indebtedness of Borrower Lessider Witured by t Dead of Trust by Utz Burrower ante Lender agree to other terms of Payment, such amounts shall be payable upon notitt from
<br />Pro Ater PAYmant thereof. and shall bear interest from the date of disbursement at the rate
<br />The Note psytrem of interest At such rate would be contrary o a IaY ®bk from time to time is
<br />shelf tort er t rate � under applicable law, Nothing applicable law, in which event such amounts
<br />expense
<br />tr take eaY Action rag contained in this paragraph 7 shall require Leader o incur any
<br />>L h s"W". I may casks' or cam to he Made irk entries u
<br />save to any h assom rqn Pon and aced to Len a the 1t toperty, Provided that Lender shall
<br />Y, C stsecufYlrig reasonable cause therefor related to Lender's interest in the Property.
<br />tries t 'he Proceeds of any award coo claim tot damages. direct or consequential, in connection with env condemnation or
<br />of ode Ptefoerty, or fart thereof. or for conveyance in lieu of condemnation, are hereby as4igntd and shall be paid to Lender .
<br />Pod to ft evestr of a total taking of tote Properly. the proceeds shall he applied to rife sums secured by this UtCSt nl Trust, with the excess, if an),
<br />Pao um "cw. !n the e^ratet o! a rastlal taking of the Prtgsettp unless Btrtnwtr and I. cadet otherwise agree in writing, there shall use applied
<br />m rte end by thas D red elf Trust such
<br />Pnoprtrtitn of the Proceeds Pre is equal to that p "ropxiainn which the anv +otnl of ,he .ems mlj, d
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