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IN
<br />87-- 104715
<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 Furls 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 Fuada held by Leah, together with the future monthly installments of Funds payable prior to the due dates of taxes,
<br />insurance premiums and ground rats, shall exceed the amount required to pay saµt taxes, ts, insurance premiums and
<br />ground rafts as they fail due, such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower out monthly
<br />installments or Funs. If the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments. insurance premiums and
<br />ground ran as they fail due. Borrower shall pay to Lehr any amount necessary to make up the deficiency within 30 days from the date notice
<br />is trailed by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all suns secured by this Iced of Trust, Lender 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 Leader, 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 time of application as a credit against the sums
<br />secured by this Deed of Trust.
<br />3. AMYaWn of Payments. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs I
<br />and 2 hereof shall be applied by Leader first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br />payable on the Note, that to the principal of the Note, and then to interest and principal on any Future Advances.
<br />4. CMrga: Liens. Borrower shall pay all taxes, ausssments and other charges, fines and impositions attributable to the Property which
<br />may attain a priority over this Dad of Trust, and lemehoid 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 />Leader all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Larder receipts 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. Hain I Insurance. Borrower shall keep the improvements now existing or hereafter erected an the Property insured against loss by fire,
<br />hazards included within the term "extended coverage ", and such other hazards as Leader may require and in such amounts and for such periods
<br />as tender may require: provided, that Lender shalt not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the sums secured by this Dad 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, directly to the insurance carrier.
<br />All insurance policies and renewals thereof shall be 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 shalt promptly furnish to
<br />Lender all renewal notices and all receipts of paid premiums. In the event of loss. Borrower shall give prompt notice to the insurance carrier and
<br />Lender. Lender may matte proof of loss if not made promptly by Borrower.
<br />Unless Lehr and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br />provided such restoration or repair is economically feasible and the security of this Deed of Trout is not thereby impaired. If such
<br />restoration or repair is not economically foible or if the security of this feed of Trust would be impaired, the insurance proceeds shall be
<br />applied to the stuns secured by this Dees: of Trust, with the excess, if any, paid to Borrower. If the Property is abandoned by Borrower, or if
<br />Borrower ftils 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 be neffts, Leader is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or
<br />repair of the Property or to the sums sewed by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due
<br />date of the morably installments referred to in paragraphs I and 2 hereof or change the amount of such installments. If under paragraph 18
<br />hereof the Property is acquired by Lender. all right, title 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 pass to Lender to the extent of the sums secured by this Deed
<br />of Trust ' immediately prior to such ask or acquisition.
<br />4. PewenaNan and II , - of Pssgeri : Leaseiel4: Cosies: Planned Unit Devdaposaab. Borrower shall keep the
<br />Property to pod repair and shall not comma waste or permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any lesse if this Deed of Trust is on a Wasebold. If this Dad of Trust is on a unit in a condominium or a planned unit development. Borrower
<br />shall perform all of Borrower's obligations under the decimation or covenants creating or governing the condominium or planned unit
<br />development. the by-awa and regulations of the condominium or planned unit development, and constituent documents. If a condominium or
<br />panned una development rim is auxutd by Borrower and recorded together with this Deed of Trout, the covenants and agreements of such
<br />rider shall be inceirporated into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a p art
<br />hereof.
<br />7. Finnic tlan of taisisr's Severity. If Borrower fails to perform the covenants and agreements contained in this Dad of Trost, or if any
<br />action or ag is comseenced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain,
<br />cote enforcement, or arrangements or proceedings involving a bankrupt or decedent, then Lender at Lender's option, upon notice
<br />to Borrower. may maize such such suns and take such action as is necessary to protect Lender's interest, including, but
<br />not to, of �attomey's fetes and entry upon the Property to maize rep airs. If Lender required mortgage insurance
<br />as a condition of making 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 Lender's written agreement or applicable
<br />law. Borrower ill pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Leader punuam to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />secured by this peed of Trust. Unless Borrower and Lender apse to other terms of payment, such amounts shall be payable upon notice from
<br />Lender to Borrower requesting payment thereof, and stall bear interest from the date of disbursement at the rate payable from time to time on
<br />outstanding principal under the Note unless payment of interim at such rate would be contrary to applicable law, in which event such amounts
<br />hew inatessif at the highest rate permissible under applicable low. Nothing contained in this paragraph 7 shall require Lender to incur any
<br />espraw or take any action hereunder.
<br />IL Ilespetitlins. Lender may make or cause to be made reasonable entries upon std 'inspection of the Property, provided that Lender shall
<br />Oft rower notice prior to say such inspection specifying reasonable cause therefor related to Lender's interest in the Property.
<br />1. Candwenafte, The proceeds of any award or claim for damages. direct or consequential, in connaYion with any condemnation or
<br />other taking of the Property, or put thereof, or for conveyance in hen of condemnation, are hereby assigned and shall be paid to Leader.
<br />to the of a low taking of the property. the pr %tali be applied to the sums secured by this Deed of Trust, with the excess, if any,
<br />paid to Borrower In the event of a Ptah taking of the Property. unless Borrower and [ ender otherwise agree in writing, there shall he appli^cl
<br />to the itteas witted by ibis Deed of Trial such proportion of the proceeds ere is Nita] to that proportion which the amount of i he Tunis secured
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