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applicable law require such interest to be paid, Leader shall not be required to pay Borrower any interest or earnings on the Funds. fasoder shall
<br />give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for wbicii Och
<br />t; to the Finsils was . The Funds are pledged as additional security for the sums secured by this Deed of Trust.
<br />if the .' t of the Funds held by Leader, together with the future monthly ittstalhttts of Furls payable prior to The due dates of ,
<br />and ground rents, shall exceed the amount required to pay taid t ss, imulamc premiums and
<br />ground netts iss they fall dote, such cum shall Ix, at Borrower's option, either promptly repaid to Borrower or credited to ,Borrower on monthly
<br />imasilbacces of Funds. If the ansoM of the Funds held by Leader shall not be sufficient to pay tam, issfiessiments, insurance premiums and
<br />ground rents as they fall due, Borrower shall pay to Leader any amount necossary to make up the deficiency within 30 days from the date ntatiee
<br />is andled by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refound to Borrower any Funds held by Lender. If
<br />under parograpits It hereof the Property is sold or the Property is otherwise acquired by lender, Lender shall apply, no later than immediately
<br />prior to the sak 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 />a. AppOcallissin of PaymostN. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs I
<br />and 2 hereof shall be applied by Lender first in payment oLamounts 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 />d. Ckarges; Lives. Borrower shall pay all taxes, assessments and other charges, firm and impositions attributable to the Property which
<br />may attain a priority over this Ind of Trust, and leasehold payments or ground rents, if any, in the manner provided under paragraph 2 hereof
<br />or, if trot paid in 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 />furnish to Lender receipts evidencing such payments, Borrower shall promptly discharge any lien which has priority over this Dead of Trust;
<br />provided, that grower 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 pander, 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. Hard tasweem. 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, 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.
<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 politics and renewals thereof shall be in form accepwble 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 and all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br />Lender. Lander may make proof of toss 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 />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 />applied to the sums secured by this Dodd 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 IO 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 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 sawed by this Deed of Trust.
<br />Uri 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 monthly installments referred to in paragraphs I and 2 hereof or change the amount of such installments. If under paragraph Ig
<br />hereof the Property is acquired by Lender, all right, tide and interest of Borrower in and to any insurance policies and in and to the proceeds
<br />thereof retuning from damage to the Property prior to the We or acquisition shall pass to Lender to the extent of the sums secured by this Deed
<br />of Trust harsediattly prior to such saie or acquisition.
<br />•. Presertploss and hhdmwoo a of Property; Laaelsokle; rd; Phased Udt Devetl earns. Borrower shall keep the
<br />Property in good repair and sludl not commit waste or permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any low if this Feed of Trust is on a Iwsehold. If this Deed of Trust is on a unit in a condominium or a planned unit development, Borrower
<br />dog perform all of Borrower's obligations under the declaration 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 constituent documents. If a condominium or
<br />pleased writ development rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such
<br />rider shall be incorpmued into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a part
<br />7. Protection of L.taMer's Security. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any
<br />action or p roccedart is commenced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain,
<br />code eanforceneo, or arrangements or proceedings involving a bankrupt or decedent, then Lender at Lender's option, upon notice
<br />to Borrower, may ate such appearances, disburse such some and take swb action as is necessary to protect Lender's interest, including, but
<br />not Hershaft to, disiburecracrut of re ssiorofde attorney's fees and entry upon the Property to make repairs. If Lender required mortgage insurance
<br />as a condition of making the loan secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />uni such time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />Now. Borrower shah pay the sussount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any mummas dialiffaread by Lender pursuant to this paragraph 7, with interest thereon, shall be ume adaitional indebtedness of Borrower
<br />secured by this Deed of Try. Unless Borrower and Lander agree to other terms of payment, such amounts shall be payable upon notice from
<br />Leader to Borrower requesting payment thereof, and shat hoer Interest from the date of disbursement at the rate payable from time to time on
<br />carfriandling principal under the Nee unless payment of interest at such rate world be contrary to applicable law, in which event such anotints
<br />" bass Interest or the highest ratio permissible under applicable paw. Nothing contained in this paragraph 7 shall require Leader to incur any
<br />astiamise or take any siction hereunder.
<br />g. may ratite or cow to be me& reasonable entries upon and insticctinns of the Property, provided that Lender shall
<br />am bancrow mkt to any ion specifying reasonable cause therefor friated to Lender's interest in the Property.
<br />Y. Condomemkm The ploomills, of any award or claim for donaffics, direct or consequential, in connection with any condemnation or
<br />OOW taking of the Pr y, or Pan qhcmf. or for conveyance in lieu of condemnation, are hereby assigned anti shall be paid to I.cndrr .
<br />In eft event of a total tadtlag of the Propertv,ifteprocoviltishall be applied to the sums secured by this Dmi of 1`ruu, with the excess. it env.
<br />paid to horrown In the event of a partial taking of the Pfopictly, unh- s Borrower and tender otherwise serve in writing, their shall be applied
<br />to to twiss w4wed by thla Doid of 'trust such prop rtio n of the p tmveds as h equal to that protxsrtton which the amount of the auim vecuird
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