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86-10446.3
<br />if Borrower pm Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which are
<br />insured or guaranteed by a Federal or state agency (including Lender if Lender is such an institution). Lender shall apply
<br />the Funds to pay .atd taxes. assessments, insurance premiums and ground rents. Lender may not charge for so hoiding_:
<br />and applying the Funds, analyzing said account or verifying and compiling said assessments and bills. unless Lead
<br />pays Borrower interest on the Funds and applicable lair perms Lender to matte such a charge. Borrower and Leaden
<br />may agree in writing at the rime of execution of this Lased of Trust that interest on the Funds shall be paid to Borrower,
<br />and unless such agreement is made or applicable law requires such interest to be paid. Lender shall ant be required
<br />to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower. without charge. an annual.
<br />accourting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Finds was
<br />made. The Funds are pledged as additional sm--itr 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 parable prior to,
<br />the due dates of taxes, assessments. insurance premiums and ground rents= shall exceed the amount required to par said .
<br />taxes, assessments, insurance premiums and ground rents as they fail due. such excess shall be. at Borrower's opium.
<br />either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. if the amount of the,
<br />Funds held by Leader shall not be sufficient to pay taus, agesurtmts, insurance premiums and ground tents as they fan
<br />due. Borrower shall pay to Lender any amount necesssrs to make up the deficiency to one or more payments as Leader
<br />may require
<br />Upon payment in full of all sums secured by this Laid of Trust. Lender shall ptomptiy refund to Bmtowes any
<br />Funds held by lender. If under paragraph I' hereof the Property is sold or the Property is otherwise acquired by
<br />Lender, Lender shall appiv. no later than imrmedna wv prior to the sale of the Property or its acquusmon by Lender, any.
<br />Funds held by Lender at the time of appluc we as a credit agaitet the sums secured by this Deco (Trusa,
<br />S. Appllmden el fn>raata. Lnum applicable lair provides otherwase all payments recessed Fv Lender under
<br />the Clore and paragraphs I and 2 hereof shall be appi€ed M Lender first us pavnient of amounts pw ,.ahk to Leader by
<br />Borrower under paragraph 2 hereof, then to interest payable on the Note. and then to the principal :sf the Now
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<br />IL Pillar Illaegagm r Dear of Treat; Cl cope. Lima. Borrower shall perform all of 3orrower's obhgami the
<br />under any naarrgnye. tired at trout or other terurgy agreement wab a Lien wtucb has ptsorrry avi'x thus Deed of Trust
<br />including Borrower's covenants to make pa►uamts when due. Burrower shall par or cause to be paid all tames
<br />amessmesa and rather charges. fines and impaturvom artzrbutabnr to the Pmperrc which may art= a prim over the-,
<br />Dead of Trust. and leasehold payments or ground rents_ if a@y
<br />S. Haaarui itmrnmw- Borrower shall keep the ml;we eaKae,s tits. rxtctmg €+r hereafter erected an the Pioperry
<br />insured agaaeu lugs bi fie. hazards imcieded wttfkn the terror -extersdeC Coverage and wch other bazards as Leads
<br />stay require and in such amounts and for elude v_ we as :.etude- mac regcrttr
<br />The zasaranQ carrier pvvatntq( the irtsuraace eau; be �tosea fry ioarower subject to approval f.?v Leader: purovded= .
<br />that such approval shall tsar be unreasunabt, wstfrheid A3i insurance poixws and reitewals thereof sban be to a foam
<br />acceptable to Leader and shall include a standard mortgage Cjaasc to favor of sad to a foray accede. to Lustier.
<br />Leader shall have the nght to hold the poiscws and renewers thereof. subject 10 the terms of am mortgage ,decd of mutt
<br />or other s curin agreement with a tam wrtsch bas prmrr, ores the, Deed of Trost
<br />In the evesst of Last. Borrower shall gayer proetpi uodce to the .-n -._ user and L erodes prorai
<br />of low of not made Promptly by Borrower
<br />If the Props, t is abandoned ray Borrower. ae if Borrower taxis to respond to Lender warm 30 daivs !loth the dwte
<br />Notice a ruled by Leader to Borrower tout Cut anatrunce carrier offers to srt'ilr a claim for tusurimec benefits, Lttvdcr s
<br />autltaszted to entity and apply the iasaraafee Proceeds u Lerad*t s option either to reuararrm er repairs of nit
<br />Peopietty a to the sutras secW W by this Deed of Trust
<br />tk P want aeba v tRalmeNm of Pia "; Laauiidit C z P'hruai IUnk Devr#agimmiat. Bar
<br />rower shalt keep -fie Property to good repw aW sbaE out Commit wastr or Perrart tmpsirtsweat ee dtteavoratauw of tliir
<br />Ptvpertv amt wait comply with *her prwtstam ear _' stars Lneee et T-oar, on a leaicfatid If than [Heed of Truss is
<br />an a unit in a condominium or a •> .tuned unit ;a- X- aptneni 80eny er shat: prrfcsar &I; of Borrower. obiawi€rmc mrow
<br />for de[larattoe or covenants creating ,x governing trte vnmdate stxtaisrt sir manned rya €i de- clopmreor the tm -uton and
<br />reg"Oti a of the Condominium or planned umt deve$opment_ and r;aew documents. �
<br />Pswretkm of LAnulrrl Socyefu. if Bor -wavy ta€o to perform the c,"Prnaats and Agrecmeors :unearned in tin
<br />Deed of Trist. or it am active or Proceeding is vmmenced s rn�e, 1w affects Levelers usrerrsx in `1c Puttgserry,
<br />then Lender. at Leader's option. upon notice r Berto.er, may maim• suet appearances. disburse such sms. inciadvalli
<br />reasonable attaxaeyn feu, sad take sueit action as a mectssar� ter protect Ienaer S interest. If L:t:rder requtrrd mortgage
<br />utsWance at a condmoa of maktag she loam secured by his Deed � Try. B srowe she P4- -mss rear °rem
<br />mmtaw such rnsurants in u� until such �e as t.� .
<br />_ -- - - �r -or v-tiet= r+ 53nraaiT terartnjite5 F3"i acCWdan.: Myth
<br />Borrower's and Leaders written agreement or applicabk _sa
<br />Any amounts dsbursed by i.endv pursuant ter the parsgr-ao=: wait tmeerr t therenrt at the 'goat rata_ .. ,
<br />become additional tndebiegiam of 801"ivwer secured by thn Deed of T, St i'nless Bonowrr and !.raver afire- to,
<br />other terms cf Wyrneet, such amounts snarl be payattle upum iuxr from under ter Btrrrtw� retquesctriq qt you
<br />thereof Nothing coataoted a this paragraph " shAE require Lender to tncur axe, rx'pense or isle am• aetwu heresta3�
<br />R. I�artkm. [ender mss make or cause to be snide ..ras._+wab:r
<br />' irna ?fe .
<br />provided that Gender shat gt er noire prior o any sc ; ries upr an inspections o t�� " s
<br />elated t o enders urte:est to the Ptoperty - rection specifying rrasorabie'alt amro
<br />1. Cam+ammtaim. T1e proceeds of any award at diem for damages. direct or cvose4 initial to convtc.ion
<br />nay condemnation or after taking of the Property, or part therris'_ +u f timmtyatur :n €tru t c .ritirrr€matma arr
<br />Myths awgrieif and shut use Iiud to , sobffixt to � zcrrr it ant trial titalte. deed &-aware 4)r pitirr security agTt.,
<br />meat nth a Beta which has priority over this Dorf of Test
<br />ig. brea.ar Net 7Rdanwd: Ferltoartaoe & Lamar wr a Waiver. Extension m the erne !, ;savttitsrt
<br />modification of amartuAtntn O the sums secured by this Deed of Tmv. granted m Lrtaler to any suttrescvr =r :ritr:rst .mot
<br />Borrower shall ass operate to reieasr. in any manner, the labilm Lai the original Borrower Ann B stir seer , sun rsxxs =r.
<br />I Lender shall nor be required to commence proceedings agatr€st such successor or refuse to extend - ^re rs-t pa+
<br />sent or otherw`- rnodifv amortuatton of the sums secured try this Deed of 7 rust 3n icA%&m of an, demand made t- : hr
<br />Wwrial Burrower aid Sofro-"* saa-teuom in intrust Ana fortvaranwe by Lender an eyrie -rstng ant nch, -,_ --°_rd,
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<br />hereunder tee Otherwise afFcxdrd hi applicable taw. shall not !ve a watser erf �r t'rri?ucfe tare exrr -ter ._` ens �ner= -:,*:
<br />reined r
<br />! L Smetwaaaty and 40AWN board; je wt sea Sr,e Wbia'. Ga -T revs. it g f• a- ,r,
<br />here," ttrntained shalt htnd arwi tax rights hfreuru7et vhait :nury ti, the rrspert ;vr'u-'ew-4, a,s., .ivs,t; n. t
<br />Brim, et suhKSt tti th_ provisi,ms A Iwragrapth ?t, heir >a Ait;s.venanz+anG a rrrr arty .i t$,, z s
<br />3tvrrai Okna li,m<wri rtrc, ct, -wigs this Derr ,f I rue: hot dre4 "-., At €:: u'e'€ir °:,:tr -a ., .; '.as ,. ,.. re••.c- -
<br />graw rn+j vim =c+ that fi W"-wrr :ntrrn± �r. •tic f'r,= ni r..
<br />.. i •tee' Trust c+^ un.ffr it,r *rr!^iw ... ,., t. �; . ' ..
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