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81-w-w 105615
<br />applicable law require such Interest to be paid, Lender ddtaA not be required to pay Borrower any interest or asualop on the Foods, Leader shall
<br />give to Borrow, without charge, an annual &mounting of the Funds showing credits and debits to the Funds 90 ft purpose for which
<br />to the Fula was male, The Funds are pW4W As additional security for the sums "cured by this Mad of Trust.
<br />if the amount of the Fonds bbl by Lender, together with the future monthly installments of Funds payable prim to the due clesse of taxes,
<br />nesmonsists. himomest Premiums and ground rests, shall exceed the amount required to pay stud taxes, MMMOM, loatirmix premiums scud
<br />round resale as they fad elite, such intense shall be, at Borrower's option, odfher Promptly repoid to borrower or Meld to Borrower on nict"My
<br />installments of Firsda, If the amount of the Funds held by Lender shall not he sufficient to pay taxes, Astaisoments, insurance premiums and
<br />peand rem as they fall dew, Borrow slag pay to Leader any amount necessary to make up the deficiency within 30 days from Ow data notice
<br />is mailed by Leader to Borrower requesting payment turf.
<br />Upon payment in full of all sutras secured by this Reed of Trust. Lender shall promptly refund to Borrower any Fiends held by Laude. If
<br />under paragrepti 18 hereof the Property is soli or the Property is otherwise Acquired by Lander, Lender shell apply, no later it= 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 Dad of Trust.
<br />3. ApMsaflw of Taynoo. Unless applicable law provides otherwise, all payments received by Later under the Note and PURV â–ºIths I
<br />and 2 hereof be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, than to Interest
<br />pa on the Note, then to the principal of the Note, and then to interest and principal on any Future Advances.
<br />4. Cbmvw-1Jan. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to the Property which
<br />may attain a priority over this Dead of Trust, and leasehold payments or ground rents, if any, in the manna 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 />Lender All notices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Lander receipt evidencing such payment. Borrower shall promptly discharge any lien which has priority over this Dodd 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 deferred 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. Nested Ism raW. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire,
<br />huarrds included within the term "extended coverage ", and such other hazards as Lender may require and in such amount 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 sutras secured by this Dowd of Trust.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that such approval
<br />h 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 stall 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 />Lender ail renewal notices and all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br />Leader. Leader may make proof of loss if not made promptly by Borrower.
<br />Una Lender and Borrower otherwise agree in writing, insurance oroceeds 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 stall be
<br />applied to the sum secured by this Deed of Trust, with the excess, if any, paid to Borrower. if the Property is abandoned by Borrower, or if
<br />Borrower Web to respond to Leader 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. Lander 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 mitred by this Deed of Trust.
<br />Unless Lauder and Borrower otherwise agree in writing, any such application of proceeds to principal shalt 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 />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 restaking 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 />Try immediately prior to such sale or acquisition.
<br />tl,, Presssit eel I- , , a. of !reps"; IIoaseholis; Cmil adahw; PlemeW Unit Developmeas. Borrower shW keep the
<br />Property in good repair and shall not canmit waste or permit impairment or deterioration of the Property And "comply with the provisions
<br />of any last if this Deed of Trust is on a laseltofd. if this Deed of Trust is on a unit in a condominium or a planned unit development, Borrower
<br />sW perform all of Borrower's obligations under the declaration or covenants creating or governing the condominium or planned unit
<br />the by -laws and regulations of the condominium or planned unit development, and constituent documents. if a condominium or
<br />planned unit development rider is executed by Borrower and recorded together with this Deal of Trust, the covenants and Agreement of such
<br />rider shag its 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. Prraeettan of 14Ww'A lain y. if Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any
<br />Action or proceedift is commenced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain,
<br />meolvancy,ocode enforcement, or affmiliaments or proceedings involving a bankrupt or decedent, then lender at Lender's option, upon notice
<br />to Borrower, may matte such appearances, disburse such sutras and take such action as is necessary to protect Lender's Interest, including, but
<br />no limited to, disbursement of reasonable attorney's fees and entry upon the Property to make repairs. If Leader required mortgage insurance
<br />as a condition of making the berm secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />uAW such Um as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />law, pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof,
<br />My amotions disbursed by Larder pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />assured by this Deed of Treat. Ups Borrower and Lender agree to other terms of payment, such amount shall be payable upon notice from
<br />Lander to Borrower niquestift Payment thereof, amd shall bee interest from the date of disbursement at the rate payable from time to time on
<br />outimadlies principal under the Note unless payment of interest at such rate would be contrary to applicable paw, in which event such amounts
<br />sW beer himirm at the Mom rata pernsissible urn applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any
<br />or eels any ULort hammider,
<br />L bnPeatim Leader m a y mate or t e a s e to be made reasonable entries upon And inspections o f t he Property, provided that Lender shall
<br />give Borrower notice "to any each inspection specifying reasonable cause therefor related to Lender's interest in the Property.
<br />4. Cosidemmillim. "fie provaids, of eery award or claim for damages. direct or consequential, in connection with any condemnation or
<br />tnising of the Pinsperty. or plot thereof. or for conveyance in lieu of condemnatitm, are hereby assigned and shall be paid to Lender,
<br />to the ~ of a tonal of the Property, the piece@& shall he applied to the sums secured by this (teed of'rrust, with the excuse, if any,
<br />paid to In tier of a partial taboo of the Proptivy, unless Borrower and Lender otherwise agree in wntins, there shall he applied
<br />to tie momm wowed by this Dead of 'Trust such propottwo of the rifocceds as as equal to that proportion chi >h the a,nount ,en the tint% %"ttfed
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