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I t —A <br />I On <br />st <br />Do <br />Ph <br />On <br />M <br />or <br />eel <br />sle <br />V1_5 <br />86-103294 <br />Ii tMis.ar Cost "suien, ver"Wer a"'Lemilirr exivarassill end, artat as lowe"S <br />due *it ps'liespel of and L Msetto on the <br />If perywilven of a" i$� <br />isss, i by shxs' Ness: � sxsd�feft d,Wqin in peeirwoll in the Now- -d *9 Principal- <br />Aj�sisxeos ijicim" la il Tirell.- <br />'10 � 16 ■ W6 xiasiver by tender, psy <br />­dlii or <br />fir TMW 1;ir "on <br />odor on do *y owl"Y inK�w�ft o(,peir.Cipj;P .rid k"WCsssf are paysW under the Now. until the "c is paid in <br />vcr tht; <br />ajr4WWL~sxxl"_dj'*CZ' yeffly'lases, tied &'Noximentis Whitch May, 2116iin Priority <br />W OW. I spellitiol "BUY PFC1111alt- <br />kialf-T - ­­1 1 .1 . . I <br />ens ,hisloied'valixis reselil'isai She Frops"Iti of MY. phtk 11 as reasonably ettimated tndtally and from <br />jsielfth 6( � ' ` ' ' - I If It ""Uran". I any. a <br />or, <br />reson .0—kit,11t. ire insured or tuaranteed, by. & Federal or <br />tudeji-Low" pap Soffetwer interest on flit I'MM a4d'SaPPIOC&M law <br />streh a charge. porrower's", Lower MY agme in writing at the time of euculion Of this <br />wil, on ZeFtftwi shall bg'psidl to 1104174twer-41001 unless such agreement is made or applicable low <br />e Old., Londer"skall pot be requilld 10 Pay 11111111"b"vel any inlere%t or earnings on the fund%. Lower <br />ilhooA charge. on anneal sccouniling, of the Funds showing credits and debits to the Funds and 1W <br />lebtt is ibc,punds was made.' The Funsla am pledged as &ddiljoisal security for the sums secured <br />Funds held by Lender, logeth . er with the future monthly installments of Funds payable pricar its <br />loon"$, insurutice,prophatins old ground rew, shall exceed the amount required to pay said Uatel. <br />seessamerAll, insurance pCoWunits MW ground fox!$ as they fsIIL doe, such excess shalt cc. at ovitower s OF. son, e. <br />=I"NW to Doarr*wer or credited to Borrow'er on "MMMY installments of Funds. if the onount'oUthe Funds <br />=111 no beLvAcient to pay taxa, assessments. insurance premiums and ground rents as they tau due; <br />Borrower, shaft psy, to LmkW any amount neccu&rY,10 Make UP the deki"ey within 30 days from the date notice is mailed <br />by Lender to Dontititter requesting payment thereof. <br />Upon payment in full'of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any Fi:..J,4 <br />held by Lesider. If under PIWAS(sph is hereof the Property is sold or the Property is otherwise -.acquired by I ender. Lender <br />sW apply. no later than itnimedim0y prior to the sale of the Property or its acquisition by Lender. any Funds held by <br />Lender at the time of application as a credit against the sums secured by this Deed of Trust. <br />3. Appily d of Payees lUrdeu applicable law provides otherwise, all payments received by Lender under the <br />Now and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payable io Lender by Borrower <br />under paragraph 2 hereof, then to interest payable on the Note, then to the principal of the Note. and then to interest and <br />princri on any Future Advances. <br />- Uessa. Borrower 1 autibittabic to <br />Charm shall pay all taxes. assessments and other charges. fines and impositions <br />The Property which may attain a Priority over this Deed of Trust, and lewthold payments or ground rents. if any, in the <br />masineir provided under paragraph 2 hereof Of, if not paid in such manner. by Borrower making payment, when due. directly <br />to the thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the <br />event payee shall make payment directly. Borrower shall promptly furnish to Lender receipts evidencing such payments. <br />Borrower shall promptly discharge any lien which has Priority over this Deed of Trust: provided. that Borrower shall not he <br />if the obligat.-n secured b% <br />required to discharge any such lien so long as Borrower shall agree in writing to the payment c <br />smb lien in a manner acceptable to Lender• or shall in good faith contest such lien by, or defend enforcement tit such lien in. <br />legal proceedings which operate to prevent the enforcement Of the lien or forfeiture of the Property or any part thereof. <br />rl= josionsace. Borrower shall keep The improvements now existing or hereafter erected on the Property insured <br />against late by Arc, hazards included within the term "extended coverage ", and such other hazards as Lender may rcqotrc <br />and in such anictiants. and for such periods as Lender may require; provided. that Lender shall not require that the amount tat <br />such coverage exceed that amount of coverage recittircd to pay the sums secured by this Deed of Trost <br />The insurance carrier providing the insurance shall be chosen by Borrower sobicct 10 approval by I endcr- provided. <br />that such approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner <br />Provided kinder paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the <br />insurance carrier. <br />All insurance policies and renewals thereof shall be in form acceptable to I ender and shall include a standard morajagc <br />clause in favor of and in form acceptable to Lender. Lender shall have the right to halt[ the policies and tericssals thereof. <br />and Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of loss. <br />Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly <br />by Borrower. <br />Unless Lender and Borrower otherwise agree in writing. insurance proceeds shall be applied to restoration at repair of <br />the Property damaged, provided such mstoration.or. repair is economically feasible and the security of this Deed of Trost as <br />neas thereby impaired. If such restoration or repair is not economically feasible or if the security of this Deed tit Troll would <br />be impaired, the insurance proceeds shall be applied to the sums secured by this Deed of Trust, with the excess. if any, paid <br />to Borrower. If the Property is abandoned by Borrower, or if Borrower fads to respond to Lender within 30 days from the <br />date notice is mailed by Lower to Borrower that the insurance carrier offers to settle a claim for insurance benefit,. Leader <br />is suiliorited to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property <br />or to the sums secured by this Deed of Trust. <br />Unless Lender and Borrower otherwise alliec in writinL any such application tit proceeds to principal shall tacit extend <br />postpone the due date of the monthly installments referred to in pAragraphs I and 2 hereof or change the amount of <br />Orrinstallments. if under paragraph IN hereof the Property is acquired by Lender. ill fight, title and interest of Borrower <br />in and to any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the sale <br />or acquisition shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such sate or <br />acquisition. <br />6. press"Silieta assill 11- 1 -equataret of Property; Lesseboldsq- Cissidesid"Imaxis; Planned Unit Developments. Bofrnwer <br />shall keep the Property in good repair and shall mix comma waste tar permit impairment Law deterioration Of the Property <br />and shall comply with the provisions of any least it ibis Deed of Trust is on a leasehold. if this Deed of Trust is on a unit in a <br />condominium or a planned unit development. Borrower shall pedorm all of Borrower's obligations under the declaration <br />or covenants creating or governing the condominium or planned unit development, the by-laws and regulations of the <br />condominium or planned unit development, and constituent documents. If a condominium or planned unit development <br />rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and aiffeentem% of such rider <br />shall he incorporated into and shall amend and supplement the covenants and agreements of this Deed at Trust as if the rider <br />Noe I Pori Iscrecat. <br />7. P wee of Lesidees, Seceasky. it Borrower fails to perform the covenants and agreements contained in this <br />Dad *11 Trvet,'or if any action or pr Mg is commenced which Materially affects Lender's interest in the Property. <br />including. but not limited to, ismincral domain, insolvency, code enforcement, or arrangements or proceedings involving a <br />bu*rvPl Of decedent, then Lender at L"Wer's option, upon notice to Borrower, may make such appearances, alkharse such <br />stexes end *At such scion u is Lecessary to protect Lender's interest, 1. including, but not limited to, dishursement ol <br />rosepisible ellearisey's few and entry upon the Property to make repairs If Lender required mortgage insurance as a <br />coseli/ion of misking the loan secured by this Deed of Trust. Borrower shall pay the premiums required to maintain such <br />laiselemece in ~ until tesch, time as the requirement for such insurance terminates in accordance With Borrower's and <br />Lesidws written agreement or applicablit, law. Borrower shall pay the amount of all mortgage insurance premiums tit the <br />rissaines provided under Patweph 2 hereof. <br />We=A I asixasixt disbursed by Leader pursuant to this paragraph 7, with interest lhercon, shall hrcome additional <br />of Lrower secured 4 this Deed of Trust. Unless Borrower and Lender agree to other terms of payment. soup <br />saxpines " be payablir open notice from Lender to Borrower requesting payment thereof, and shall beat interest from the <br />time of dislitussamenst at the rate pay" from lima to time on outstanding principal under the Note unless payment of interns <br />at such veto would be contrary to applicable law, in which event SIKh amounts shall bear interest at the highest rate <br />permissible under applicable law. Nothing contained in this paragraph 7 shall acquire Lender to IrKur any expense or take <br />any action hereunder. <br />111. lespot ism. Lender may make or cause to be made reasonable enines upon and impec tionN of the Property pt(v% ided <br />that tender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor :elated to I vtwdct <br />Interest in the pro"v <br />T <br />ti <br />_j <br />