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<br />applies a aw requires such Interest to he paid, Lender shall not be rc,fwre,; �O pay iorrower any interest or earnings inn the Funds. Lender shall
<br />gave to Borrower, int[tnwt charge, an annual accounting of the f unds showing credits 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 sums secured by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes.
<br />assessments, 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 />installments of Funds. if the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and
<br />ground rents as they fall due. Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice
<br />is mailed by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Lender. if
<br />under paragraph 18 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 Funds held by Lender at the time of application as a credit against the sums
<br />secured by this Deed of Trust.
<br />3. Appilmd a of PayrAests. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs t
<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 dote, then to the principal of the Note, and then to Interest and principal on any Future Advances.
<br />4. Chart its; Llem. Borrower .hall 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 due lender this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Lender receipts evidencing -.u,:h payments. Borrower shall promptly discharge any lien which has priority over this Decd of Trust;
<br />provided, that Borrower ,hall not he 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 goxai 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 Insurance. 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 ,hall 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 p. ovided under paragraph 2 hereof or, if not
<br />paid in such manner, by Borrower making payment, when due, dirccily to the insurance carrier.
<br />All insurance policies and renewals thereai shali Ix In !orrr 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 ana
<br />Lender. lender may make proof of foss if na,t made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance p :;ceeds shall he applied to restoration or repair of the Property
<br />damaged. provided such restoration or repair is economically feasible acid ;he ,,,deity 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 Lewf of i must would be impaired, the insurance proceeds shall be
<br />applied to the sums secured by this teed 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 h'. I.e. der 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 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 ;o in paragraphs I and 2 hereof it change the amount of such Installments. If under paragraph IS
<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 resu" ng 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 immediately prior to such sale or acquisition.
<br />6. Preservation and %lialatenanct of Property; leaseholds: Condominiums; Planned Unit Developments. 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 any lease if this Deed of Trust is on a leasehold. If this Decd of irust is on a unit In a condomimum or a planned unit development, Borrower
<br />shall perform a of Borrower's obligations under the declaration or xvcnants 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 feed 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 />T. Protection of Lender's Seciarity. 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 maienaily affects Lender's riteres: In the Property, including, but not limited to, eminent domain,
<br />insolvency, code enforcement, or arrangemems 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 />not 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 for sired 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 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 />Ltruter to Borrower requesting payment thereof, and shall bear interest from the date of disbursement at the rate payable from time to time nn
<br />outstanding principal under the: Note unless payment of interest at such rate would be contrary to applicable law, in which event such amount
<br />shall bur interest at the higher rate permissible under applicable law Nothing contained in this paragraph 7 shall require 1 ender to hhcur .m ?s
<br />expense or take any action hereunder
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<br />SL Itrpertlem. Lender may make of , ausc: to be made reasonable entries utx,n and impoc pons of the Property, provided that I order shall
<br />K:vr Boirowee notice pricer to any such immtion .p ecitying reasonable causc therelor I riated tot I. endet's Interest in the Properly
<br />9, CoodesaemWm. The pro,.mly ul any awar.l 5 lair tilt darnaii . 11rtti of _onsequcnnal, m conrtecnon with cis .:ondcmnanor o,
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