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MEMM
<br />applicable tow requires such interest to be paid, Loader shall not be required to pay Borrower any interest or earnings; an the Funds.
<br />give to 11mower, without chartist, an annual epceninfing of the Funds showing credits and debits to the on& M or w and purpose " "ob
<br />F l f
<br />dOW1 to the Funds was in&&. 1114 Funds RM ~ as additional security for the sums secured by this DW of Trust.
<br />If the amonotat of the Funds held by Leader. to "hoir with the future monthly Installments of Funds payable prior to the duo Ow of tow,
<br />asseasmatille. Insurance prinsitim and ground rem, shall exceed the amount required to pay stud legal, assooseavals, inguralm Prolosolums Wall
<br />ground tonO as they fail dw, such excess shall be, of Borrower's option, either promptly r#paW to Borrower or covolked to Narrow- an
<br />Waa#mmm of Floods. If the amount of the Funds held by Leader shall not be sufficient to pay taw, assessments, fistooraw prostalwas &W
<br />ground rants as they (all due. Borrower shall pay to Leader any amount necessary to make up the deficiency within 30 day; from this OW notice
<br />is mollood by Loader to Borrower requesting payment thereof.
<br />UPW Payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Mff~ any Funds held by [Anolar. If
<br />under Paragraph 18 barsoof On Property Is sold or the Property is otherwise acquired by Lender, Lender OW apply, no later than Immadlody
<br />prior to the sale of the Property of its acquisition by Divider, any Funds hold by Lender at the time of application als a craft aplow the vim
<br />secured by this Deed of Trust.
<br />3. Applicesism of Palsovels• Unless applicable low provides otherwise, oil payments received by Linder under On Note mW poriWapha I
<br />and 2 hereof shall be applied by Lender first In payment of amounts payable to Lender by Borrower under paragraph 2 Iscreof, then to interest
<br />pay" on the Note, then to the principal of the Note, and tRn to interest and principal an any Future Advances.
<br />4. Charges; Uses. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to the Property which
<br />may attain a priority over this Deed of Trust, and leasehold payments or ground rents, If any, In the manner provided under paragraph 2 hereof
<br />of, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly fur" 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 Leader receipts evincing such payments. Borrower shall promptly discharge any lien which has priority over this Dad 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 sawed by such lien in a manner acceptable to Lender, or shall in good faith contest such licit by, or defend enforcement of such lien
<br />in, legal proceedings which operate to prevent the enforce ::at of the lien or forfeiture of the Property or any part theroof.
<br />S. Hastaid laoserawn. 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 Leader shall not require that the amount of such coverage "coed that amount of coverage required to pay
<br />the sums sewed 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 />AD Insurance policies mad 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 shall promptly furnish to
<br />Larder 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 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 />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 Deed of Trust, with the excess, if any, paid to Borrower. It the Property is abandoned by Borrower, or if
<br />Borrower fails to respond to Lender within 30 days from the date notice is maned by Lender to Borrower that the insurance carrier offers to
<br />settle a claim for insurance benefits, 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 secured by this DOW 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 monthly installments referred to in paragraphs I and 2 hereof or change the amount of such installments. If under paragraph 18
<br />hue*( 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 restalfing from damage to the Property prior to the sale or acquisition shall pass to Lender to the "tent of the sums secured by this And
<br />of Trial ingavollistely prior to such sale or acquisition.
<br />6. Preservation and Alldislieffiliace of Property; lessoolieW Candonlakanis; Planned Unfit Develitiolearaft. Borrower SW keep the
<br />Property in good repair and shall not commit waste or permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any lease if this Deed of Trust is on a leasehold. If this Deed 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 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 />omit development rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such
<br />rider sholl be incorporated into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider were apart
<br />hereof.
<br />7. Presecdoin of Loosiler's Sectiorky. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any
<br />action or proceeding is cornmenced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain,
<br />insolvency, 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 appositeness, disburse such sums and take such action as is necessary to protect Lender's interest, including, but
<br />am limited to, dMoursomew of reasonable attorney's few and entry upon the Property to make repairs. If Lender required mortgage, insurance
<br />as a condition of making On loon secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />mW such time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />low. Borrower *MR pay the amount of Ali mortgage insurance premiums In the manner provided under paragraph 2 hereof.
<br />Any amounts disbaried by Loader pursuant to this paragraph 7, with interest thereon. shall become additional indebtedness of Borrower
<br />sewed by this Deed of Trust. Unim Borrower and Lender agree to other terms of payment, such amounts shall be payable upon notice from
<br />Leader to Aortas nto requesthill paynam thereof. OW OW bow interest from the date of disbursement at the rate payable from time to time on
<br />wawAmbr4 prhb*d viallor the Note unless psyrneint of interest at such rate would be contrary to applicable law, in which event such amounts
<br />shall bear interest 0 the highoot rate permissible artier applicable law, Nothing contained in this paragraph 7 shall require Lender to incur any
<br />expeame of sake my action berionander.
<br />S. hapmaI . Loader may make or coon to beer reasonable entries upon and inspections of the Property, provided that Lender shall
<br />give Borrow notice prior Barmy swh Inspection specifying remionable cause therefor related to Lender's interest in the Property.
<br />9. Coodsviniall". The proceeds of any award of claim for damages. direct or consequential, in connection with any condemnation or
<br />other lak* of the Property. at part thdroot, or for conveyance in Neu of condemnation, are hereby assigned and shall he paid to Lender
<br />In the "M of 'a loW taking of the Property, the proceeds shall be applied to the sums secured by this Deed of Yrust, with the excess, i I any,
<br />PM4 to Mormwer. in the event of a Wow taking of the ProparlY, unless Borrower and Lender trilterwine agree in writ!", there shall he applied
<br />09 the "M secured by this OW of Trust such proportion of the proceeds As Is equal to that proportion whit It the amount of the %tj"i% %h uted
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