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87-105713
<br />applicablif law rt tdta et i lmtertet to ba pald, Lender sball not be required to pay Borrower any interest or earnings on the Funds. Lender shall
<br />Siva to RCCFOVM. W101010t ttIWV. an annual aeeouatittg of the Funds showing credits and debits to the Funds and the purpose for which each
<br />dealt to the Funds was made. The Funds are pledged as additional security for the sums cured by this OW of Trust,
<br />If the amount of the Funds held by Lander, together with the future monthly installments of Funds payable prior to the due dates of taxes,
<br />assessments, huxtrow promium and ground rants, shall exceed the amount required to pay said taxes, assessments, insurance premiums and
<br />ground as they fail due, such ac'as shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />Installments of Funds. It the amount of the Funds hWi by Lander shall not be sufficient to pay taxes, assessments, insurance premiums and
<br />ground raga as they fad due, Borrower shall pay to Lander any amount necessary to make up the deficiency within 30 days from the data notice
<br />Is mailed by Leader to Borrower requesting payment thereof,
<br />Upon payment in PA of ail #Wu secured by this had of Trust, Lender shall promptly refuted to Borrower any Funds hold by Linda. If
<br />under paragraph 18 haw( ON Property is soli or the Property is otherwise acquired by Lender, Lender shall apply, no late than Immodiately -
<br />prior to oho ale of the Property or its acquisition by Lander, any Funds hold by Lender at the time of application as a credit against the stuns
<br />secured by this Deed of Tout.
<br />2. A/gMeaMae of Furnace. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs I
<br />and 2 hereof skW be applied by Lander first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br />payable on the Nose, than to the principal of the Note, and then to interest and principal on any Future Advances.
<br />d. Chaim T. Mao. Borrower shed 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 />or, if riot paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to
<br />Leader W e of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shail promptly
<br />furnish to Lander receipts evidencing such payments. Borrower shall promptly discharge any lien which her priority over this Deed of Trust;
<br />provided, that Borrower sW not be required to discharge any such lien so long as Borrower shall agree in writing to the payment of the
<br />oblfgadon secured by such lint 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. Hatard Itemise. Borrower shW 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 Lend 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 />shall no be unreasonably 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 />and in form acoeptable to Lender. Lender shall have the right to hold the policies and renewals thereof, and Borrower shall promptly furnish to
<br />Lender W renewal notices and W receipts of paid premiums. In the event of loss. Borrower shall give prompt notice to the insurance carrier and
<br />Lender. Lander may snake proof of loss if not made promptly by Borrower.
<br />Union 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 Dad of Trust is not thereby impaired. If such
<br />rtaaWoa or repair Is rat 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 Dad of Trust, with the excess, if any, paid to Borrower. If the Property is abandoned by Borrower, or if
<br />Borrower faille to respond to Lender within 30 days from the date notice is mailed by Leader to Borrower that the insurance carrier offers to
<br />settle a claim for insurance benefits, Lender L authorized to collect and apply the insurance proceeds at Lender's option either to restoration or
<br />repair of the Property or to the stuns secured by this Deed of Trout.
<br />Unless Lender and Borrower otherwise agree in writing, eery such application of proceeds to principal shall not extend or postpone the due
<br />date of the monthly innstallments referred to in paragraphs 1 and 2 hereof or change the amount of such installments. If under paragraph 18
<br />hereof 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 resulting from damage to the Property prior to the sale or acquisition shall pus to Lender to the extent of the stuns secured by this Deed
<br />of Trust imseedletally, prior to such sale or acquisition.
<br />6. Pleen0 oa and 11WWMaaK of Properly; Lasshohle; Catdomlelaaa; Planned Uait Devefopments. Borrower shall keep the
<br />Property in pod repair and shall test 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 Dad 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 />planned unit development rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such
<br />rider shW be incorporated into and shag amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a part
<br />hereof.
<br />7. PraoetlM of IwNsr's Bottirlty. 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 />Insolvency, code enforcement, or arrangements or proceedings involving a bankrupt or decedent, then Lender at Lender's option, upon notice
<br />to Borrower, my maize such apparance&, disburse such sums and take such action as is necessary to protect Lender's interest, including, but
<br />not Millet! to, disbursement of reasonable attorney's fees and entry upon the Property to make repairs. If Lender required mortgage insurance
<br />as a condition of making the Ioae secured by this Deed of Trout, Borrower shall pay the premiums required to maintain such insurance in effect
<br />untill std time as the requirement for such insurance terminate in accordance with Borrower's and Lender's written agreement or applicable
<br />law. Borrower slap pay the amount of W mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />secured by tide Dead of Trust. Unless Borrower and Lender agree to other terms of payment, such amounts shall be payable upon notice from
<br />Lender to Borrower requesting payment thereof, and shall bar interest from the date of disbursement at the rate payable from time to time on
<br />outstanding principal under the Note unless payment of Interest at such rate would be contrary to applicable law, in which event such amounts
<br />I borer interest at the highest rase permissible under applicable law. Nothing contained in this paragraph 7 shall require Leader to incur any
<br />expense or tale any action
<br />S. htpearott. Lander may svelte or cause to be made reasonable entries upon and inspections of the Property, provided that Leader shall
<br />give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's interest in the Property.
<br />f. C.ettdess isdott. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation of
<br />other taking of the Property, or put thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, if any,
<br />paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender otherwise agree in writing, there shall he applied
<br />to the sums mured by this Dad of Trust such proportion of the proceeds as is equal to that proportion which the amount of the titom weiunrd
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