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applictabk lasti°nbgdira sou h interest to be paid, Lender %hail not be required to pay Borrower any interest or earnings on the Funds. Lender shall
<br />give to Borrower, without charge, an annual accounting of the Funds showing credits wad debits to the Funds and the purpose for which each
<br />debit to the Fonda 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 />tt"e"l tents, insurattee premiums and ground rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums anti
<br />ground rents as they fail due, such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />itlstillments of Funds. If the amount of the Funds held by Lender shag not be sufficient to pay taxes, assessments, insurance premiums and
<br />8t'oynd tents 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 walled 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 1_cader at the time of application as a credit against the sums
<br />secured by this Deed of Trust.
<br />3. Application of Paymeats. Unless apphcattle law provides otherwise, all payments received by Lender under the Note and paragraphs I
<br />and 2 hereof shall be applied by Lender first to payment of amounts payable to L ender by Borrower under paragraph 2 hereof, then to interest
<br />payable on the Note, then to the principal of the Note, and then to interest and principal on any Future Advances.
<br />4. Cl argea; 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 Dced 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 under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Leader receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this feed of Trust;
<br />provided, that Borrower shall not be required to discharge any such lien ,n long as Borrower shall agree in writing to the payment of the
<br />obligation secured by such Gen in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such licit
<br />in, legal proceedings which operate to prevent the enforcement of the lion or forfeiture of the Property or any part thereof.
<br />S. Hittrard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire,
<br />harerds 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 be chosen by Borrower sub)w to approval by Lender; provided, that such approval
<br />shall not be unreasonably withheld. All premiums on insurance policies shall he paid in the manner provided under paragraph 2 hereof or, if not
<br />paid in such manner, by Borrower retaking payment, when due; directly to the insurance earner.
<br />All insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard monicage clause in favor of
<br />and in form acceptable to L.ender. Lender shall have the right to hold the policies and renewals thereof, and Borrower %hali 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 />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 Propery
<br />damaged, provided such restoration or repair is economcally 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 Deed of Trust would be impaired, the insurance proceeds shall be
<br />applied to the sums soured by this Deed of Trust, with the excess, if arty, 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 marled by Lerider 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 i his 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 />bate of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of such instaliments. If under paragraph 18
<br />hereof the Property is acquired by Lender, all nght, 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 f ender to the extent of the sums secured by this Deed
<br />of Trust immediately prior to such We of "utsition.
<br />ti. PteaetvaUw and Malntenance of Property; 1.eaaehoid ; Coadomiulunu; Planned Unit Developments. Borrower shall keep the
<br />Property in good repair and shall not coininit waste or perrtut impairment or deterioration of the Property and shall comply with the provisions
<br />of any lease if this Dad of Trust is on it leasehold If this feed of Trust is on a unit in a condominium or a planned unit development, Borrower
<br />%hall 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. if 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. Proucttitta of Lender's Security. it 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 to 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 maize such appearances, disburse such sums and take such action as is necessary to protect Lender's interest, including, but
<br />sot finti to d to, disbursement of reasonable attorney's fees and entry upon the Property sty make repairs. If Lender required mortgage insurance
<br />at a condition of making the loan secured by this Deed of 1 rust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />until such time as the tequirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or apphcabk
<br />law. Borrower shat) 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 T, with interest thereon, shall become additional indebtedness of Borrower
<br />secured by this Dtvd of Trust. Unless Borrower and Lender agree to other terms of payment, such amounts shall he payable upon notice from
<br />Lander to Borrower requesting payment dsereof, and shall hear interest fronts the date of dsburwment at the late payable from time to time on
<br />outstanding principal under the Note suits payment of interest at such .ate, would he contrary in applicable law, in which event such amount,
<br />AM beat interest at the highest rate permissible under applicable law Nothing sontamed in this paragraph ' shall require l critics to incur any
<br />etpemse or take any action hereunder
<br />g. irspttlN. L.ernder may snake or cause to he made rcaattnable entries up-,n and in%pecer,yns of the Proper%%• pt o, Wed that 1 ender shat;
<br />give! 80flowsa nbtke prior to any stkir tmlwchon sPcr;lfving reasonable cause theteltit related W ( ender's interest in itic Proper rs
<br />V. Cardeeuatiat. Thr rstc —rd%of any award or claim for damages. Ji re, e ter c,m*equen4al, ,n ,omit,, -n with rim :-ndetunatwo ,••
<br />tether taking of the Property, or part t her ms ✓t. vt lot .nnvevance in lieu of condrn,iis:wm. ate herrbs a.r.vpnc.i snsl shall he paid to I ender
<br />In the event of a It" taking of the Prnpefty. clue Proc-ecdx shall he appitc.l is qie ,uma sr, tar al tis this (sect; .,f 1 mist, tnh f hr [sirs., .r ans
<br />slaw to fkwt covet In the event of a rwi al taking of the Ptotntty, unseat mete r.,r et and 1 endc -,char rr ititcc nt r rout$. ",r•c ,h,tll tr appl iris
<br />;,y the turns securexf by this r?ae4 .,t I ,ut, surh woprnrt tan of the pi-,x rats a - K h i 1 t
<br />eerie a I "o,,,n, :. � , t , tc amen,. 61
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