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<br />8701100 105466
<br />appil"lik taw requires such issarest to be paid, alts I not be required top y Borrower any interest or earnings net the Franck, Lender shall
<br />give to Borrower, without sham, an annual accounting of the Finch showing z Bits and debits to the Funds and the purpose for which each
<br />'t to the was . The Funds are PWW as additional security for the sums cured by this Dad of Trust.
<br />If the amount of the Fund, held by Lender, together with the future monthly installments of F payable prjor ern the due _ of ,
<br />. inurraw premium and ground rents, shall exceed the amount required to pay said tare, ts, Insurance Premiums and
<br />pound rants as they fall due, such excess shall be, at Borrower's option, either promptly repow to oarrowsror credited to Borrower on MOMMY
<br />of Funds. If the amount of the Futafs held by Lender shall not be sufficient to pay taxes, s, lasurarne premiums and
<br />pound too as they fah due, Borrower shall pay to Leader any amount wessary to make up the deficiency within 30 days from the datti notice
<br />is mailed by Leader to Borrower requesting payment thereof.
<br />upon payment in full of all sums soured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Leader, If
<br />under Paragraph I hereof the Property Is soli or the Property is otherwise acquired by Lender. La y, to IAW than im Y
<br />prior to the oak of the Property or its acquisition by lender, any Funds held by Lender at the time of application as a credit the sums
<br />secured by this De W of Trust.
<br />3. AhNcadats of Payments, Unless applicable law provides otherwise, all payments received by Lender under the !dote and paragraphs I
<br />and 2 hereof be applied by Leuler first in payment of amounts payable to Lender by Borrower under pa: agraph 2 hereof, then to interest
<br />payable on the Niue, then to the principal of the Note, and then to interest and principal on any Future Adv
<br />4. Charlton; lie. Borrower shall pay all taxes, assessments and other charges, finer and impositions attributable to the Property which
<br />y attain a priority over this Deed of Trust, and Iessehold payments or ground rents, if any, in the manner provided under 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 lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Deed of Trust;
<br />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 hen 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 pan thereof.
<br />S. Heated Insurance. 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 Leader 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 />stall 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 Lander 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 dices sled all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br />Laid". Lender may make proof of toss if not made promptly by Borrower.
<br />Unless Leader wW Borrower otherwise agree in writing, insurance proceeds shall he 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 Dad of Trust would be impaired, the insurance proceeds shall be
<br />applied to the sums secured by this Drell 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 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 Lied 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 ig
<br />hereof the Property 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 fret damage to the Property prior to the sale or acquisition shall pus to Lender to the extent of the sums secured by this Deed
<br />of Trust inimedissely prior to such sale or acquisition.
<br />i. Feel tlos and hisMateasce of Property: Lessi hei/s; : Pied Usk Develepsanb. Borrower shall 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 crating or governing the condominium or planted unit
<br />development, the by -laws and regulations of the condominium or planted unit development, and constituent documents. If a condominium or
<br />planned t devitiopment rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such
<br />rider shy 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. Trelaetles of bender's Sene:vky, If Borrower fails to perform the covenants and agreements contained in this Dad of Trust, or if any
<br />action or proceeding 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 sums and take such action as is necessary to protect Lender's interest, including, but
<br />siat firaked to, disixarsement of reasonable attorney's fees and entry upon the Property to make repairs. If Lender required mortgage insurance
<br />se 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 />Una each time as the requirement for such ' insurance teammates in accordance with Borrower's and Lender's written agreement or applicable
<br />low. Borrower shall pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amournis disbursed by Lamer pursudw to this paragraph 7, with interest thereom, shall become additional indebtedness of Borrower
<br />sainered by this Geed of Trust. Unless Borrower and Lender agree to other terms of payment, such amounts stall be payable upon notice from
<br />Leader to Barrower requadalli payment thereof, and shall bar interest from the date of disbursement at the rate payable from time to time on
<br />the }sots maim payment of interest at such rate would be contrary to applicable taw, in which event such amounts
<br />distill bear interest: at the hilgheot rate persuasible under applicable law. Nothing contained in this paragraph 7 shall require Lender to Incur any
<br />aspimse or take my action hereunder.
<br />g, lospieft Asoder may make or cow to be made reasonable entries upon and inspections of the Property, provided that fender shall
<br />Ove Borrow Dense prior to any such inspection specifying reasonable cause therefor related its Lender's interest in the i'top arty.
<br />0. Condonseadve, The procesids of any award or claim for damages, director consequential, in connectiom with any condemnation act
<br />otlue s of the Property. or part thereof, or for conveyance in lieu of condemnation, are hereby assigmad and shall be paid to tender.
<br />In the of a total taking of the Property, the pr shall be applied to the sums secured by this Deed of Trust, with the excess, if any,
<br />d to r In the event of a partial taking of the Property, unless Borrower and Lender otherwise agree, in writing. there shall he app+Iled
<br />to the turm secured by rile Dead of `rrust such proportion of the proceeds as lr equal to that proportion which the amount of the suns% se, °urr,i
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