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<br />If Borrower pzys Funds to Lender, the Funds shall he held in an institution the deposits or accounts of which are
<br />insured or guarani! ed by a Federal or state agency (including Lender if Lender is such an institution). Lender shall apply
<br />the Funds to pay s: ,d taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding
<br />and applying the I rods, analyzing said account or verifying and compiling said assessments and bills. unless lender
<br />pays Borrower into eat on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender
<br />may agree in writh ; at the time of execution of this Decd of Trust that interest on the Funds shall be paid to Borrower,
<br />and unless such a -cement is made or applicable law requires such interest to be paid, Lender shall not be requited
<br />to pay Borrower ::y interest or earnings on the Funds. Lender shall give to Borrower, without charge, an annual
<br />accounting of the i inds showing credits and debits to the Funds and the purpose for which each debit to the Funds was
<br />made. The Funds; e pledged as additional security for the sums secured by this Deed of Trust.
<br />If the amount .f the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of to :s, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said
<br />taxes, assessments insurance premiums and ground tents as they fall due, such excess shall be, at Borrower's option.
<br />either promptly rt aid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the
<br />Funds held by Len =r shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall
<br />dote. Borrower spa pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender
<br />may require.
<br />Upon paymet in full of.all stuns secured by this Deed of Trust. Lender shall promptly refund to Borrower any
<br />Funds held by Le Jet. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by
<br />Lender, Lender sh 1 apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any
<br />Funds held by Len -r at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. Aplllndw of Paymsate. Unless applicable law provides otherwise, all payments received by Lender under
<br />the Note and para -aphs 1 and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by
<br />Borrower under pz agraph 2 hereof, then to interest payable on the Note, and then to the principal of the Note.
<br />4. Prior Mor slim and Doudr of Trust; Charges; Lima. Borrower shall perform all of Borrower's obligations
<br />under any mortga.:. deed of trust or other security agreement with a lien which has priority over this Deed of Trust.
<br />including Borrowt 's covenants to make payments when due. Borrower shall pay or cause to be paid all taxes,
<br />assessments and o a charges, fines and impositions attributable to the Property which may attain a priority over this
<br />Deed of Trust. and easehold payments or ground rents, if any.
<br />S. Harard L trusts. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against. Los by fire, hazards included within the term "extended coverage ", and such other hazards as Gender
<br />may require and it uch amounts and for such periods as Lender may require.
<br />The insuranct :arrier providing the insurance shall be chosen by Borrower subject to approval by Lender. provided,
<br />that such approva :hall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form
<br />acceptable to Len, :r and shall include a standard mortgage clause in favor of and in a form acceptable to Lender.
<br />Lender shall have: e right to bold the policies and renewals thereof. subject to the terms of any mortgage, deed of trust
<br />or other security al eement with a lien which has priority over this Deed of Trout.
<br />In the event o oss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof
<br />of loss if not made romptly by Borrower.
<br />If the Propert is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date
<br />notice is mailed by antler to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender is
<br />authorized to coil :t and apply the insurance proceeds at Lender's option either to restoration or repair of the
<br />Property or to the s ms secured by this Deed of Trust.
<br />6. Pnoor►ntk ad Maiuwnoe of Prr pertyt Lwoseholds; Condominiums, Planned Unit Developaencs. Bor-
<br />rower shall keep tl Property in good repair and shall not commit waste or permit impairment or deterioration of the
<br />Property and shall omply with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust is
<br />on a unit in a cond minium or a planned unit development, Borrower shall perform all of Borrower's obligations under
<br />the declaration or owe creating or governing the condominium or planned unit development, the by -laws and
<br />regulations of the c rdominium or planned unit development, and constituent documents.
<br />7. Ptebedus f Iwndar's Security. If Borrower fails to perform the covenants and agreements contained in this
<br />Deed of Trust, or . any action or proceeding is commenced which materially affects Lender's interest in the Property,
<br />then Lender, at Le Jer's option, upon notice to Borrower, may make such appearances, disburse such sums, including
<br />reasonable attotne ;'fees, and take such action as is necessary to protect Lender's interest. if Lender required mortgage
<br />insurance as a con. lion of making the loan secured by this Deed of Trust. Borrower shall pay the premiums required to
<br />maintain such inst ante in effect until such time as the requirement for such insurance terminates in accordance with
<br />Borrower's and Le, ler's written agreement or applicable law.
<br />Any amounts iisbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Note rate, shall
<br />become additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to
<br />other terms of pa; neat, such amounts shall be payable upon notice from Lender to Borrower requesting p yment
<br />thereof. Nothing ec itained in this paragraph 7 shall require Lender to incur any expense or take any action hereunder.
<br />11. buipsedim Lender may make or cause to be made reasonable entries upon and inspections of the Property,
<br />provided that Len er shall give Borrower notice prior to any such inspection specifying reasonable cause therefor
<br />related to lender's merest in the Property.
<br />9• Cm>tbttaro ems. The proceeds of any award or claim for damages, direct or consequential. in connection with
<br />any condemnation x other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are
<br />hereby assigned an shall be paid to Lender, subject to the terms of any mortgage, deed of trust or other security agree-
<br />'neat with a lien wl ch has priority over this Deed of Trout.
<br />10. burrower tint Rmbosd; Ferbeerauce By Lender Na a Waiver. Extension of the time for payment or
<br />modification of air etization of the sums secured by this Deed of Trust granted by Lender to any successor in interest of
<br />Borrower shall not ,perate to release, in any manner, the liability of the original Borrower and Borrower's successors in
<br />interest, Leader sh it not be required to commence proceedings against such successor or refuse to extend time for pay-
<br />ment or otherwise todify amortization of the sums secured by this Deed of Trust by reason of any demand made by the
<br />original Borrower rd Borrower's successors in interest. Any forhearance by Lender to exercising any right or remedv
<br />hereunder, of dheL arise afforded by applicable law, shall not be a waiver of or preclude the exercise of ant such right or
<br />remedy.
<br />1L Sureasamn snd Amillus Bernd; Isis sad Several Liability; Co- sirwrs. I'be o »enarns anti agreements
<br />herein curtained shall bind. std the rights hereunder shall inure to, the resperhve succrssors and asstgns of Lender end
<br />&tmswer, subject b, the prtwisurns of paragraph In hereot, All covenants and agreement% of Horr4mer shall I4, ruins end
<br />several Ant Borrower whr,co -signs this Deal 41 rust. but dtxs not cx, utr �hr Vote 'a n c„ stt;ttinp itut tired of I rwt
<br />nio v, Runt and <.,•nvry that lUwr,,wct v tnterrvt ttt ;hr hrv;xtt, h, 7tustec under th,- ;erns ,.t this bred , +t Tntst. rho is
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