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s7-- 104615
<br />applicable law requires such interest to be paid, Leader shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall
<br />live to Borrowsai witbotn 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 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 data of taxes,
<br />assessmems. insurance premiums and ground rants, shat! exceed the amount required to pay said taxes, assessments, insurance premiums and
<br />pound taus as they fall doe, 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 Lender shall not be sufficient to pay taxes, assessments, insurance premiums anal
<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 Leader to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust, Leader shall promptly refund to Borrower any Funds held by Lender. 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 />prier to the sale of the Property or its acquis;tion by Lender, arty Funds held by Lender at the time of application as a credit against the sums
<br />secured by this Deed of Trust.
<br />3. Ap/Neadess of Payments. Unless applicable law provides otherwise, all payments received by lender under the Note and paragraphs d
<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 prin ipal of the Note, and then to interest and principal on any Future Adviu ms.
<br />1, Cheeps; Liss. Borrower shall ay all taxes. assessments and other charges, fines and impositions attributable to the Property which
<br />may attain a priority over this Deed of Taut, and leasehold payments or ground rents, if any, in the manner provided under
<br />paragraph 2 hereof
<br />or, if not aid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to
<br />Leader all notices of amounts doe under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Leader tempts 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 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 />in, legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. lip! latamsce. 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! provided. the., Ladder 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 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, direoly to the insurance carrier.
<br />All insurance 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 Lender. Lender shall have the right to hold the policies and renewals thereof, and Borrower shall promptly furnish to
<br />Lender all renewal notices std all receipts of aid 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 trade promptly by Borrower.
<br />Unless Lender and Burrower 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 />restoration or repair is not economically feasible or if the security of this Deed of Trust would be impaired, the insurance proceeds shall be
<br />to the sums: s: cured by this Deed 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 larder within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to
<br />settle a own for insar inc a benefits. Lender is autborized to coiled and apply the insurance proceeds at Lender's option either to restoration or
<br />repair of the Property or to the soma secured by this Dead of Trust.
<br />Unless Lander amt Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due
<br />date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of such installments. If under paragraph 18
<br />hereof the Properly is acquired by Lender, all right, tick and interest of Borrower in and to any insurance policies and in and to the proceeds
<br />thereof resulting from damage to the Property prior to the sale or acquisition shall ass to Lender to the extent of the sums secured by this Deed
<br />of Trust immediately prior to such sale or acquisition.
<br />6. Prwse rWaa tut Of M/e+U': : PbWMW Usk Developments. Borrower shall keep the
<br />Property in good repair and shalt not commit waste or permit imairmcat or deterioration of the Property and shall comply with the provisions
<br />of any lease if this Deed of Trust is on a kasehold. If this Deed of Trust is on a unit in a condominium or a planned unit development, Borrower
<br />sW perform all of Borrower's obligations under the Aeration or covenants creating or governing the condominium or planned unit
<br />development. the by -laws and regulations of the condominium or planned unit development, and constituem documents. 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 stall be incorporated into and shalt amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a art
<br />hereof.
<br />7. Ptwatls of Lsie►'s . If Borrower fails to perform the covenants and agreements contained in this feed of Trust, or if any
<br />action of proceediing is commenced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain,
<br />code enforcement. or arrangements or proceedings involving a bankrupt or decedent, then Lender at Lender's option. upon notice
<br />to Borrower, may make such appearances, disburse such samts and take such action as is necessary to protect Lender's interest, including, but
<br />mt Braised to, disbursement of reasonable attorney's fees and entry upon the Property to nuke repairs. If Lender required mortgage insurance
<br />as a condition of making the Bart secured by this Deed of Trust, Borrower shejI ay the prenhmts required to maintain such insurance in effect
<br />uBW such time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />kw • Borrower shall ay the amount of all mortgage insurimm premiums in the manner provided under paragraph 2 hereof.
<br />Any by Lender MIRIAM to this paragraph 7, with interest thereon. shall become additional indebtedness of Borrower
<br />seemed by this teal of Try. Unless Borrower and Lender agree to other arts of payment, such amounts shall use payable upon notice from
<br />Lender to Borrower requesting P&YUMM thereof, and shall bear interest from The date of disbursement at the rate
<br />payable from time to time on
<br />the Nom unless payment of interest at such rate would be contrary to applicable law, in which even such amounts
<br />shall bear WWM At the rate permissible under a ' law. Nothing contained in this paragraph 7 shall require Lander to incur any
<br />expense or s my action honmediff.
<br />tmy make or cause robe edries upon and inspections of the Property, provided that Lender shad[
<br />give ber- notice prior to any such OMOMM specifying MNORabit cause therefor related to Lender's interest in the Property.
<br />f. t The proceeds of any award or claim for damages, direct or consequential. in Connection with any condemnation or
<br />othat taking of the Pr y, Of preset , or for cmveyarsor in lieu of ion, are hereby assigned and shall be paid to Lender.
<br />Is she event of a t of the PMVMY. The 1 be applied to the sums secured by this Cured of Trust, wit h the excess, i p any,
<br />pesd to grimmer, an the oafs partial taking of the Property, rower and Lender otherwise agree in writing. there shall be applied
<br />hat ft WOM secured by thas Drid of T such profirmlim of the PMW& as is equal to ihai proporticett which the am.}tent of the sums strured
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