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87- 105587
<br />Nw require such huerstat to be pad, Losidetr aball trot be required to pay Borrower say interest or earnings on the Fwd , Landashail
<br />give to , without chirp. an am" accouttiag of the Funds showing credits and debits to the Floods and the purposes for which each
<br />d@W to the Reds was merle. The Funds are ~ as additional security for the sums secured by this Deed of Trust.
<br />11 the amount of the Funds hell by Lefler, togedw with the future monthly installments of Funds pay&* prior to the due don of tales,
<br />insurance Premium and gro u it rents, shall exceed the amount required to pay sold taxes, assessments, insurance premiums and
<br />ground rents a they fall due, such excess fall bs, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />WftUMMU of Funds. If the Amount of the Funds held by Lender shall not be sufficient to duty tam, assessments, Insurance Premiums And
<br />ground rams as they fail 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 requatity payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrows any Funds held by Larder. If
<br />under paragraph It hereof the Property is sold or the Property is otherwise acquired by Lender. Lender " apply, no tats than immediately
<br />prior to the sale of the Property or its acquisition by Lender, any Funds held by Lehr at the time of application as a credit against the suits
<br />secured by this Dad of Test.
<br />3. AppNeWee of Paymats. Unless applicable law provides otherwise, all payments received by Lends trader the Note and paragraphs 1
<br />and 2 hereof shall be applied by Lander first In payment of amounts payable to Lender by Borrower under pararaph 2 hereof, then to incest
<br />payable on the Note, that to the principal of the Note, and then to interest and principal on any Future Advances.
<br />4. Cbwps; Lim. 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 mama 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 noioes of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Leads receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Deed of Trust;
<br />provided, that Borrows 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. Haard Lsasilpee. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire,
<br />hazards included within the tarn "extended coverage ", and such other hazards as under 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 thi: 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 riot 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 />AH husirance, 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 Larder. Lender adult have the right to hold the policies and renewals thereof, and Borrower shall promptly furnish to
<br />Lender all renewal apices ad all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br />Lander may make proof of loss if not me& promptly by Borrower.
<br />Unless Leader and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br />. provided h restoration or repair is economically feasible and the security of this Deed of Trust is not thereby impaired. If such
<br />restoration or repair N riot economically feasible or if the security of this Deed of Trust would be impaired, the insurance proceeds shall be
<br />applied to the suses seared by this Deed of Trout, with the excess, if any, paid to Borrower. If the Property is abandoned by Borrower, or if
<br />Borger falls to respond to Lender within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to
<br />she a claim for initurance 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 nuts secured by this Dodd of Trust.
<br />Unless Lender dr and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due
<br />date of the mosably histallasents referred to in paragraphs 1 and 2 hereof or change the amount of such installments. If rods paragraph Ig
<br />1101 the Property N ampAred by Lander, all right, title and interest of Borrower in and to any insurance policies and in and to the proceeds
<br />from damage to the Property prior to the sale or acquisition shall pass to Lender to the extent of the stuns sawed by this Deed
<br />of Try Immediately prior to such role or acquisition.
<br />4. lnaana ass wad Maiaesaaaee of Property; Iwaee\ olds; Coadosinhum; Phmed Usk Devellepaew. Borrower shall keep the
<br />Property in good repair wad shall no commit waste or permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any Nee if this Deed of Trust is on a leasehod. If this Deed of Trust is on a unit in a condominiums or a planted unit development, Borrower
<br />shall perform aN of Borrower's obligations under the declaration or covenants creating or governing the condominium or punned unit
<br />the by paws and regulations of the condominium or planned unit development, srd constituent ent documents. If a condominium or
<br />planned unit development rider is executed by Bottom and recorded together with this Deed of Trust, the covenants and agreements of such
<br />rdr sW be incorporated into and shall amp and supplement the covenants and agreements of this Doi of Trust as if the rider were a part
<br />kareof.
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