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<br />applicable law requires such :ntcylrsl 10 be paid, I ender shall not be -L,, 7tsy B. rrcwr- am :nte-es: or earnings on The Funds. Lender chap
<br />give to Borrower, without charge, an annual accounting of the Funds showing, erred is and jents ,, the Funds and -,he purpose for 'Ahi-11 eZc',1_
<br />debit to the Funds was made. The Funds are pledged as Additional security 1,1- the sums secured by this Deed of Trust.
<br />If the amount of the Funds held by Lenart, :ogethrr with the future rnomhly installments if Fund, payable pTK-T to the due dates of
<br />(' assessmenu, insurance premiums and ground rents, shalt exceed the amount required to Pay s." taxes, assessments, insurance premiums and
<br />ground rents as they fall due, such excess shall be. at Borrower's option. either promptly repaid to Borrower or crcdited!o Borrower on monthlv
<br />installimerits of Funds. if the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and
<br />ground rem as they fall due, 131mo-er shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice
<br />is mailed by Lersda to Borrower requesting payment thereof.
<br />Upon, payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund io Borrower any Funds held by Lender. if
<br />under paragraph 18 hereof the Property is sold or the Property is other-Ise acquired by Lender. Lender shall apply, no later than immediatelN
<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 Deed of Trust.
<br />3. ilppftcmioa of PaIrawaft. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs I
<br />and 2 hereof shall be applied by tender first in payment of amounts payable to Lender by borrower under paragraph 2 hereof, then to interest
<br />payable on the Note, then to the principal of the Note, and them to interest and principal on any Future Advances.
<br />4. Cim9w. liews. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to the Property which
<br />this Deed of Trust, and leasehold payments or ground rents, if any, in the manner provided under paragraph 2 hereof
<br />may attain a priority over
<br />or, if not paid in such manner. by Borrower making payment, when due, directly 10 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 Lender receipts evidencing such payments. Borrower shall, promptly discharge any lien which has prionry over this Deed 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 amartner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien
<br />in, legal proceedings which operate topTeerlt thecriforcement of the lien or fOrrviitrcof the Property or any Pan thereof.
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing nor hereafter erected on the Property insured against loss by :ire.
<br />hazards ;ncludedwithin the term "extended coverage ", and such ether hazards as Lender may require and in such amounts and for such periods
<br />as Lender 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 BorioweT subject to approval by Lender, provided, that such approval
<br />shall not be unreasonably withheld. Al! PTCMIUMS CID insurance policies shall be paid in the manner provided under paragraph 2 hereof or, if not
<br />paid in such marine-, by Borrower making payment, when due, directly to the insurance carrier.
<br />AD 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 acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof. and Borrower shall promptly fumish to
<br />Lender 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 make proof of loss if not made promptly by Borrower
<br />Unless 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 Deed of Trust is not thereby impaired. If such
<br />restoration or repair is not economically feasible or if the security of this De+d of Trust would be impaired, the insurance proceeds shall be
<br />applied to the sums 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 fails 10 respond to Lender within V days from the date notice is mailed by Lender to Borrower that the insurance carrier offer- to
<br />satle a claim for insurance benefits, Lender it 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 Deed 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 charijite 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 pass to Lender to the extent of the sums secured by this Deed
<br />of Trust immc:diately prior to such mile or acquisition.
<br />6. Prenrvad" and Midabemace of property: Leaseholds: Condominivin; Plansed Unit Developmests. 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 anv lease if this Deed of Trust is on a leasehold. If this Deed of Trust is on a urut 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. It 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 shall 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. Prefortkin of Leader's Secority .1f Borrower fails toperform the covenants and agreements contained in this Deed 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 at 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 />not limited to, disbursement of reasonable attorney's fen and entry upon the Property to make repairs. If Lender required mortgage insurance
<br />as a condition of making the loan secured by this Deed of Trust, Borrower shall pay the premiums requited to maintain such insurance in effect
<br />until such time as the requirement for such Insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />law. Borrower shall pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph ", with interest thereon, shall become additional indebtedness of Borrower
<br />secured by this Deed of Trust. Unless Borrower and Lender agree to other terms of payment. such amounts shall be payable upon notice from
<br />Lender to BMTOWCr requesting payment therecif, and shall bear Interest from the dale of disbursement at the rate payable from time to time on
<br />outstanding principal under the Note unless payment of interest 31 Such rate would be contrary to applicable taw, in which event such amount.
<br />shall bearinietrest at the highest Late permissible under applicable 4% !JOthing contained in this paragraph shall require Lender to incur an f
<br />expense at take any action herreunder.
<br />art
<br />711�t
<br />g. laspar*m. Lender may make or cause to be made reasonable entree. —ipon and inspections of the Property, provided In&; Lender shalt
<br />L gave Borrower rot c km Prior to any such inspection ;pecifvin# reasonahie ausczherefor related to I.endet*,:met-_tt in the Progeny
<br />gyy
<br />9. Coadromiab". The proceeds of anv awdid. o Cial"I :or 4&tliage,3 ducol _,! :onsequcnual, m :onnt'010n Aah anv condeninanor. ,t
<br />.,Ahtr ukIng of the Propervy. err par, 1hefcol.,q '>v onicyan,c ln!trl;�! 'on�—m-1,51 inn, , are he 6,v d-igntc and sloO 'it paid I,, 1,cndu
<br />rDi
<br />)n the rSrw tIf d "(A a! tan frig ; I !he Promviv. ihc 11C ai,piztd i, curs lei wed t, 'hi, [iCirt! I I I: It! 01C CkIf",. '! dr.?,
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<br />,a�d !�, Wgfi—I ir� �hc e,er' I :,ar:ldl tai�ng the Pri,pe7?,, _otv Flwrr�c 4,tl 1 c-le. �r-
<br />., .,f ,mu;rj �,, Pee, 1)TTJ 11! 1 Alt kti 0 :h� �-� C p � :� --,� - -
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