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<br />applicable Iaw ritgoirtts hush infer& to be paid. Lender shall not tie required to pay Borrower any interest or earnings on the Funds. Lender shall
<br />give to Borrower, without charge, an annual accounting of tie Funds showing credits and debits to the Funds and the purpose for which each
<br />debit to the Fonds was made. The Funds are pledged as additional so -wily fax 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 />rassessments,
<br />insurance premiums and ground rents, shall "coed the amount required to pay said taxes, assessments, insurance premiums and
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<br />ground rents as they fall due, such leasers 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 Fonds held by tender 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 tender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Lhed of Trust. Lender shalt 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 Fund, held by Lender at the time of application as a credit against the sums
<br />secured by this Dad of Trust.
<br />3. Applirad" of Payseals. Unless applicable lzw provides other%tw. all payments received by 1. ender under the Note and paragraphs I
<br />and 2 hereof shall be applied by Lender first in payment of amounts payable to I 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 />♦. Cbarges; Leas. Borrower shall pay all taxes, assessments acid other charges, fines and impositions attributable to the Property which
<br />may attain a priority over this Deed of "inset, 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 to the event Borrower shall make payment directly. Borrower shall promptly
<br />furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has pnor'ry over this Deed of Trust;
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<br />provided, that Borrower shall not be required to discharge any such lien sc tong 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 Gen
<br />Gin,
<br />legal proceedings which operate to prevent the enforcement of the lien of forfeiture of the Property or any part thereof.
<br />S. Hasard Imurvare. Borrower shall keep the improvements now existing or hereafter erected on the H operty insured against loss by fire,
<br />hazards included within the term "extended coverage ", and such ether 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 stems secured by this Deed of Trust-
<br />The insurance carrier providing the insurance shall be chosen by Borrower stnbtect to approval by Lender; provided, that such approval
<br />shall not be unre sonably withheid. 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 making payment, when due, dirmi1v 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 twhoe., and renewals thereof, and Borrower shall promptly furnish to
<br />Lender a] I renew at notices and all r met pts of paid premiums. la the event of loss. Borrower shalt give prompt notice to the Insurance starrier and
<br />Lender, tender may make proof of loss if not made promptly by Htrnrwer
<br />Unlen Lender and Borrower otherwise agree in writing, Insurancc proceeds shalt be applied to restoration or repair of the Property
<br />damaged, provided such restoration or repair is economically feasible and the %eiunty of this Deed of Trust is not thereby impaired. If such
<br />restoration or repair is not economically fcastble or if the security of thus Lecd of bust would be impaired, the insurance proceeds shall be
<br />applied to the sums secured by this Deed of Trust, with the excess. if any, said CO Borrower If the Property is abandoned by Borrower, or if
<br />Borrower fails to respond to Lender within 30 days from the date noucs 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 at Lender's option either to restoration or
<br />repair of the Property or to the sums secured by this Decd of Trust
<br />Urdess Lender and Borrower otherwtse agree in writing, any such apphcauon of proceeds to principal shall not extend or postpone the due
<br />date of the monthly installments Wetted to n paragraphs t and 2 hereof or change the amount of such installments. If under paragraph 18
<br />All
<br />hereof the Property is acquired by Lender, all nght, tide and riterett of Borrower in and to any insurance policies and in and to the proceeds
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<br />thereof resulting from damage to the Property pnor to the safe or acquisition shall pass to Lender to the extent of the sums secured by this Deed
<br />of Taut immediately prior to such sad or acquisition.
<br />ti• Pteservatloa alt Matsseasau of Property; Leaseeb"16; Coadowalums; Plaeaed Ud1 Developnettta. Borrower shall keep the
<br />Property in good repair and shall not commit waste or permit impairment or detenoration of the Property and shall comply with the provisions
<br />Of any lease if this Deed of Trout is on a leasehold. If this Decd of Trust is on a unit to a condorrumu rn or a planned unit development, Borrower
<br />shall perform all of Borrower's obligations under the declaration of covenants creating or governing the condominium or planned unit
<br />development, the by -laws and regulations of the rondoniumum
<br />or planned unit development, and constituent documents. If a condominium or
<br />planned unit development rider is executed by Borrower and recorded together
<br />with this Deed of Trust• the covenants and agreements of such
<br />rider shalt be incorporated Into and shall amend and supplement the
<br />covenants and agreements of this Deed of Trust as if the rider were a part
<br />hereof.
<br />7. Protection of Leader's Senrity. If Horrower fads to perform the covenants and agreements contained in this Deed of Trust, or if any
<br />action or proceeding is commenced shish materially affects Lender's
<br />interest Il the Properly, including• but not 1snuted to, eminent domain•
<br />utsolvencY, code enforcement. Or artangcments or proceedings m%oiving a oankrupt or decedent, then Lender at Lender's
<br />option, upon notice
<br />to Borrower, may snake such appearances, disburse such suns and take such action as is necessary to protect tender'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 Decd of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />trail such time as the requirement for such Insurance terminates
<br />in accordance with Borrower's and Lender's written agreement or applicable
<br />law. Borrower shall pay the amount of all mortgage insurance premiums m the manner
<br />provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Bosrrowcr
<br />secured by Ibis Dad of Trust. Unless Bcnnnver and Lender agree to other terms of payment• such amounts shall be payable upon notice from
<br />Leader to Borrower requesting payment thereof, and bear
<br />shade merest from the date of disbursement at the rate payable from time to time on
<br />- AwAndiog principal louder the Note unless payment of interest at such rate would be contrary to applicable law, to which event such
<br />amounts
<br />spisdl clear intetett a1 the highest rate permissible under applicable law frothing contained in this paragraph 7 shall require Lender to
<br />explome or take any action hereunder Incur any
<br />S. hrpselfer. L.endet may male or cause to be trade reasonable entner upon and inspections of the Prnpeny, provided that I ender shall
<br />give Bornvw'er notice prior to any unspection
<br />such specitying reasonable cause therefor retatcst to Lender's interest in the Pruperty
<br />f. Condaatssgon. 1 he Lsrceetds of any
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<br />award of datrn for <Iatnagcs, dirty -I or conse44tienbal• in connerti�n with any condrnrnanwi .:•r
<br />Ntstr taking Of flit Property, ,v part thereof. or for conveyance in lieu tit c,mcirmnatwri. arr hcrebr assigned asw .trait he , aid 10 I ender
<br />t(T.
<br />In the tint of a (OW to ►ina of the Property, the proceed, shalt he aprlsrd t,. the curter .rruresi by this Dred ni 1 -ru.i, w,th the et,r,, err ai.,
<br />tAid to broacvrr In the e, inr of a patttat taiima of the Property.
<br />tanir,s fkvrn >wet and I r „der cu her wave agree ,•. wrrttnK, thrrr shall he xppdtrvi
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<br />to the sumot aecurerl by This Dyed tit T rum such fH >portion of the ere
<br />1:rr>y!eci, n r� ,act a. titx- t ru; citttnr. ha :, �4c an, „ant ..i the
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