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<br />MOM cap cableifwr y Interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall
<br />give to Borreweir: wAout charge, an annual accounting of the Funds showing edits and debits to the Funds and the purpose for which each
<br />debit to the Funds was made. The Funds are pledged as additional security for the sum secured by this Deed of Trust.
<br />If the amount of the Funds Selo by Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes,
<br />insurance premiums and ground rents, shall exceed the amount required to pay said 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 credited to Borrower on monthly
<br />uutaRmaus of Rinds. If the amotmt of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and
<br />posted rents as they fag deter, Borrower shall pay to Lender any amount necessary to make up the deficiency within -40 days from the bate notice
<br />is mailed by Lander to Borrower requesting payment thereof.
<br />Upon payment in fail of all sutras secured by this Deed of Trust. Lender shall promptly refund to Borrower any Funds held by Lender. If
<br />tinder paragraph IS hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply, no later than immediately
<br />prior to the sale of the Property or its acquisition by Lender, any Rues held by Lender at the time of application as a credit against the sums
<br />secured by this Deed of Trust.
<br />3. ApiBaMian of ftym ads. Unless applicable taw provides otherwise, all payments received by Lender under the Note and paragraphs S
<br />and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br />payable on the Note. them to the principal of the Note, and then to interest and principal on any Future Advances.
<br />4. Charges; liens. 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 manner 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 dux under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Lender receipts evidencing such payments. Borrower shalt promptly discharge any lien which has priority 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 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. Hazard Immmom. Borrower shall 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 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 he chosen by Borrower subject to approval by Lender, provided, that such approval
<br />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 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 furnish 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 />Leander. Lender may make proof of loss if not trade promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in v. ating, 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 Decd of Trust would be impaired, the insuraadx proceeds shall be
<br />applied to the stems 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 to respond to Lender 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 ai Lender's option either to restoration or
<br />repair of the Property or to the sutras secured by this Deed of Trust.
<br />Unless Leveler 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 insitallmnrts referred to in paragraphs S and 2 hereof or change the amount of such installments. If under paragraph 19
<br />hereof the Property is acquired by Lender, all tight, title and interest of Borrower in and to any insurance policies and in and to the proceeds
<br />thnaeof tesuiting from damage to the Property prior to the sale or acquisition shall pass to Lender to the extent of the stuns secured by this Doed
<br />of Trent immediately prior to such sale or acquisition.
<br />i. Treavaliaa and Maisdesmace of Preperty; l ssebehis; Condominiums. Plans" Unit Devdopmnb. Borrower shall keep the
<br />Property in good repair and shall not commit wane or permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any lease if this Dead of Taut is on a leasehold. if this Deed 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 planted unit
<br />development, the by -laws and regulations of the condominium or planned unit development, and constituent documents. If a condominium or
<br />pismaed unit development rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such
<br />titer 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 />heeof.
<br />T. Treaecdea of Leader's IS ky. If Borrower fails to perform 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 or 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 />mot limited 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 loan secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />until such time as the requirement far such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />law. Borrower shill 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 7, 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 Borrower requesting payment thereof, and shall bear interest from the date of disbursement at the rate payable from time to time on
<br />outstanding principal under the Note unless payment of into est at such rate would be contrary to applicable law, in which event such amounts
<br />diall bear interim at the highest rate permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any
<br />expense or take any action hereunder.
<br />i
<br />�. lagatfesu. Lender 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 />1. C sideamed". The 1woceeds of any award or claim for damages. direct or consequential, in conti Lion with xny condemnation or
<br />other taking of the Property, at part thereof, at far conveyance in hev of ondernnation, are hereby assigned and shall be paid to Lender
<br />In the event of a tonal taking of the Property, the ptfxeeds shall ere applted to the sums secured hg +his Deed of Trusi, vrth the race+,, It
<br />paid rte gextowtr In th,e rvtnt .�± x t,rartial t;JeirxR crt fire Yrcrpet'ry, unless H!rrrs�wer acrd l rndrr tr!ttrrwt,e agar !ter wrntnp, there shall hr xpplx ^,S
<br />tr >the rump vocuted by this Deed of Trust such protxxuo f ^he nix xee i a', i= c tea? t;, }tat p ,r , h, 1! •rte nit Lr, he -m. e. urru
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