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lee MOM 600 Intaett to be paid, Leader "not be required to pay Borrower any interest or earnings on the Funds. Lantler awl
<br />�vs to or, without charge, an Mutual accound"g of the Funds showing credits and ambits to the Funds anti the purpose for which each
<br />daMlt to the ft n& was made. The Fur* are ~ as additional security for the sums secured by this deed of Trust.
<br />If the amount of the Punds held by Leader. tolsotba with the future monthly installments of Funds payable prior to the due dates of tam.
<br />, kuWftw PrOWUM and ground teats, shall exceed the amount required to pay uW taxes, annersaurs, hasltrance premiums MW
<br />round rents as they faq due, such exeas ahail be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monMy
<br />Installments of Fuatle. If the amount of the Funds held by Latuler shall not be sufficient to pay tarot, assetwoonts, Insurance premiums and
<br />grouaad rpm as they fail des, Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from ft dais notice
<br />is mailed by Leader to Borrower requesting payment thereof.
<br />Upon payment in full of ail scans secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds bidd by Lattler, If
<br />under paragraph 10 hereof the Property is sold or the Property is otherwise acquired by Leader, Lander shall apply, no later than Immodlataly
<br />prior to the ale of the Property or its acquisition by Lender, any Funds held by Lender at the time of application as a credit @&no the sums
<br />secured by this Deed of Trust.
<br />g. AppratlN of Ismose ts. Unless applicable law provides otherwise, all payments received by Lender under the Mote and paragraphs f
<br />and 2 hereof shah be applied by Lender first in payment of amounts payable to Leader by Borrower under paragraph 2 heroof, that to interest
<br />payalslat on the Note, that to the principal of the Note, aril them to interest and principal on any Future Advances.
<br />4. Clsarglssp IJae. 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 manner provided under paragraph 2 hersof
<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 doe under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Lauder receipts evidencing 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 secured by such Ilan in a stunner acceptable to Lander, 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. Ilaaad Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire,
<br />hazards included within de terns "extended covuaga ", and such other hazards as Lender may require and in such amounts and for such periods
<br />as Lauder may require; provided, that lender shall not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the suns 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 />dull not be unseasonably withheld. Ali 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 Lender and shall include a standard mortgage clause in favor of
<br />sad in form acceptable to Lender. Lander shall have the right to hold the policies and renewals thereof, and Borrower shall promptly furnish to
<br />Lander 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 snake proof of loss if not made promptly by Borrower.
<br />Union Lander 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 Dad of Trost is not thereby impaired. If such
<br />restoration or repair is not eco nodally fasille or if the security of this Dad of Trust would be impaired, the insurance proceeds shall be
<br />to the swear secured y, paid to Borrower. If the Property Is abandoned by Borrower, or if
<br />applied by this Decd of Trust, with the excess, if an
<br />Borrower tails to respond to Lager 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 soma secured by this Deed of Trust.
<br />Unless Leader and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the dote
<br />time 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, cite and interest of Borrower in and to any insurance policies and in and to the proceeds
<br />thereof rmnu t from damage to the Property prior to the sale or acquisition shall pass to Lender to the extent of the stems secured by this Deed
<br />of Trout immedimely, prior to such sale or acquisition.
<br />i. Plaistow a mud Maintenance of Property; Lemobol&; Coadomhlaar; Pknaeel Unit DevOopomm. Borrower shall kept the
<br />Property in pod repair and shall not commit waste or permit impairment or deterioration of the Property std shall comply with the provisions
<br />of any lease if this Deed of Trust is on a leasehold. If this Deed of Trent '.s 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. ode by-laws and regulations of the condominium or planned unit development, and constituent documents. if a condominium or
<br />pled unit development rider is aerated by Borrower and recorded together with this Dad of Trust, the covenants and agreements of such
<br />rider shall be incorporated into and shall aaaatd and supplement the covenants and agreements of this Dad of Trust as if the rider were a part
<br />hereof.
<br />7. FealeeYes of GMw'o Security. If Borrower foUs to perform the covenants and agreements contained in this Deed of Trust, or if any
<br />actin or proceeding le commenced 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 Lander at Lender's option, upon notice
<br />to Borrower. may make such opparaces, disburse such sums and take such action as is necessary to protect Lender's interest, including, but
<br />not limited to, dWitursommat of reason" attorney's fan and entry upon the Property to make repairs. If Lender required mortgage insurance
<br />a it condligion of making the Im secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />MM such time as the roquit'emett for such insurance terminates in accordance with Borrower's and Lender's written apmment or applicable
<br />law. Borrower " pay the amount of all mortgage insurance premiums in the manner provided undo paragraph 2 hereof.
<br />Any amounts disbursed by Loader pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />entered by this Deed of Test. Unless Boxrowes and Lender agree to other turns of payment, such amounts shall be payable upon notice from
<br />Lady to Borrower payment tbwwf, and dualI bar interest from the date of disbursement at the rate payable from time to time on
<br />outstanding prilnew reader the Note uNas payment of interest at such rate would be contrary to applicable law, in which event such amounts
<br />boar Interest or the hisbast rte permissible urn applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any
<br />Of tab my action
<br />L kaspeellM. Leader may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shall
<br />give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's interest in the Property.
<br />e• Casimembe, The proomels of any award or claim for damages, direct or consequential, in connection with any condemnation or
<br />able taking Of the Property. or pat thereof, or for conveys"" in lieu of condemnation, are hereby assigned and shall he paid to Lender.
<br />In mM event of a few tAft of the Property, the proceeds shall be applied to the sums secured by this feed of Trust, with the excess, it any,
<br />Paw is Hoff~, In the event of a partial taking of the Property, unless &mrower erred Lender otherwise agree in writing, there shall he applied
<br />to the mme secured by this Doed of Trust sw'h proportion of the prods orb is equal to that pr,Tpxrrtion whiff h thr anuount ,,t the sums %ccur"I
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