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<br />applicable law requires such interest TO br paid, tender shall not be required to pay Borrower any interest err earnings on the funds. Lender shall '
<br />give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to The funds and the purpose for which each
<br />debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of Trust. -
<br />1( 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 />assessments. insurance premiums and ground rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums and,
<br />ground rents as they fall due, such excess 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 Funds held by Lender 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 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 othemise 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 Lender at the time of application as a credit against the sums
<br />secured by this Deed of Trust. - - -
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under the Note and;paragraphs I
<br />and 2 hereof shall be applied by Lender first in payment of amounts pavabk to Lender 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 an any Future Advances.
<br />I, Chargm; Liras. Borrower shall flay all taxes, assessments and other ctwges, tines and impositions attributable to the Property wbich;
<br />may attain a priority over this Deed of Trust, and leaschold payments or ground rents, if any, in the manner providers under paragraph 2 hereof
<br />or, if not paid ern 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 mew Borrower shift make payment directly, Borrower shag promptly
<br />furnish to Lender recripts evidencing such payments. Borrower shall prcwnptly discharge any lien which has priority over this feed of Trust;
<br />provided, chat Borrower shall not he required to discharge any such lien see? long -as Borrower shall agree in writing to the payment of the "
<br />obligation secured by such lien in a manner acveptable to l.rndr, or shall in good faits, contest such lien by, or defend enforcement of smelt lien -
<br />in, legal proceedings which operate to prevent the mf ircement of the lien err fer$ttrurr of the Prostercy,Or any part thereof.
<br />S. Hazard lasaor,are. Borrower shall keep the improvements now es ling or hereafter erected on the Property insured against sass by fire,
<br />hazards included within the term "extcnded coyeragq ", and such ttthc hazards as easier may req€ ire and in such amounts ants for such period$
<br />as Lender may require; provided, that Leader shall not require that thtamouro ol'such coverage exceed that amount of coveraw required to pay
<br />the sums secured by this Deed of Trust. - -
<br />_ The insurance carrier providing the insurancr shall be .:holm by Borrower su ?sirs to approval by Lender; providcd, that such approval__. -
<br />shall not be unreasonably withheld. All premiums, on insurance policies shall be paid in the manner provided under paragraph 2 hereof or, if not
<br />paid in such mariner. by Borrower making payment, warn due. uirec :v to the ussurance carner. "
<br />All instoarice pol4ncs and rcncwas therrcf shad the in for-! AcczwAtifr to I,eodier and shall include a standard mortgage clause in favor of - and in form acccpptab#c to tender. Lender shall have the right To h.oid t`c pitli.Tses And r- ;mewals thereof, and Borrower shall promptly furnish to -
<br />I,endcr all renewal rhother+ and all receipts of .paid premiums- in ,tie evens" of .ssss. Bs.. royies shalt Vwe plo mri nonce to the Insurance carrier and
<br />- Lender. Lender may make proof of hiss if nor ntade pr ntraiv Iv Borer suer - -
<br />Udess Lender and Borrower otherwise agree in wrrring, insurance twooccds shalt ere Applied to restoration or repair of the Property
<br />damaged. provided such restoration err repair is economically €eassbic and she security of this bast of Trust is that thereby impaired. if vach
<br />restoration Or repair is not economically feasible or if the securty of three Deer of Trust would be impaired, the uuurance proceeds SW be
<br />applied to the sums secured by this Deed of Trust, with the encess, if any, paid to Borrower. if the Property is abandoned by Borrower. err it
<br />Borrower fads to respond to fender within 30 days from The date nlaim is mailed by Lender to Burrower that the insra'ance carrier offers to
<br />settle a claim for tnsurancc beneftts, fender is authorized to cis , and apply the irasuramr c praxeds at Lender's option either to mrflraaon tie.
<br />repair of the Property of to the rams secured by this Deed of Trust - - - - - - - -.-
<br />Unless Lender and € knower ttharwse agree to Wntityt, any sifh apVkaioran of pros m b to principal shall not extend or postpone the due - - - -
<br />date of the monthly hnstatlmcots referred to In paragraphs, t and 2 hercot or changer list atncuint of such iristalfineam, If under paragraph IS
<br />hereof the Property is acquired by Lender. all r fight, Title and imotmit of Borrower in and to any insurance policies and in and to the proeceds - -
<br />thereof resulting from damage to the Property prior to the sax of acquisinio i shall pass to Leader to the extent of the sums secured by this Dew
<br />of Trust immediately prior to such sale or ss wi ocin.
<br />a_ PrYSer.adoa sad Meiatcaaacr of Pt+aperty; fgaiielsoids; Coadgsddaaas; FbAlsed UM ft Uevelopaaeats. Borrower shall keep the -
<br />Property in gobs repair and shall not commit waste or permit impairment tit drie toraursn of the Property° and shall comply with the provisions - - of any Lease if this Deed of Trust is on a Irasehotd. If this Deed of Trust is on a unit in a c n dominium or a piaaned unit development. Borrower -
<br />shall perform all of Borrower`s obligauOns, uia5ex the dec#ar111" or covenants cseatimg err governing the condommium or planned unit
<br />development. the by -laws and regulations of the cot> see si :roan, or planned stmt development, and constituent documems. if a condominiums or
<br />planned unit development rider is executed by Bcirrcwer and rmcirded together with this Deed of Trust, the covenants and agree merits of such
<br />rider shall be incorporated into and shall amend and suppttment the covenants and agreemcots of this Deed of Trust as if the rider were a parr
<br />herco €. -
<br />1, Protection of Lender's 4cartry. If Bs; rawer fails TO perform the covenants and agrexnttesita con[ained in this Deed of Trust, or if any - -
<br />- action or prnccerdmg is zimrnc icea cam' :h matenal#y affeels fender's mlerrst in the Property. including. but not limited to, emineot dolts=,
<br />insolsency, codc enforcement, or arrangements or proscr angs imohmis a bankrupt of decedent, then Lender at Leader's option, upon notrx.
<br />to Borrower, may make such appearances, disburse such sums and take such action u is necessary to protect t.enslet `s interest. uicludittg, but
<br />MA limited to, disbursement of rea.sonabie attorney's fees and entry upon the Propcity to make repairs. If Lender required mortgage insurance a condition of making the loan secured by this %coed of - rrust, Borrower shall pay the premiums required to maintain such insurance in eff,a-t
<br />-until such Tura as the trquttrmcTtr fox such tnsurame ternitnates in Aoioidancc with Borrtrwwzr's and I.cnder's - wrhten agreement or applicatih. .
<br />. 'saw- isurrarw- -rr, shall pap the Allicdttt of a mortgage insurance premiums in the manrnr provided under pivagrapb 2 hereof. Any amounts disbursed by Lender pursuant to this paragraph ?; with miercia thereon, ilia.#} become additional indebtedness of Borrower
<br />secured by this Deed of Trust. Unless Borrower and Lender agree to other terms of payment.. such amounts shall be payable upon notice from
<br />Leader to Borrower requesting payment thereof, and shall bear interest from the date of disbursement at the rate payable front, time to time on
<br />outslanding principal under the Norte unless payment of interest at such rate would be contrary to applicable law, in which escnt such amounts
<br />shall bm interest at the highest rate permissible under applicable law. Nothing contained in this paragraph ? shall require Lender to mcou ans
<br />expense or take any action btleander,
<br />S. lesoacUOr, lender may make at pause In be made rcastsriaWe enfrtes upon and irypections of the Property, prc.rtded that I-errd" shad4
<br />jest liorrn.iweh m atce prior it, any such inspcttturi sp[tcifytng tcasnnab#e cause lfwVtor related to Lexidcr's +nicest in Ilse Property-
<br />M. t OOdOu "Wk". 'fhe hl- wecolc of any award ex daun for darrosices, direct zrr cltnbexiurntral, In sttnnea ion with ans rnndeennAtrnrt; v
<br />+alhct takina of the Proptsty, 'Ir part the,isol" err I'h,r x.Y,nceyara a to tie,, of :-ndemruauon, are terror assoln -i ant# snati tae isa,.t q., I moil
<br />Ie site ±-.cot „t a linos eakrna a=t slier Pr!_+t�.+try, me pna °ectls ilia #1 br slytrtxas +a the Knots +r,.isrtvl by eats # aec+.t .,t T ,sift. with 111e rx, csR..r ��±_
<br />iwtst nr Flew ±' +hwrr Ri rti� orrn+,ot a ;xarhal,akin; {lithe F't[r[f�rty, r,Tre58 ass =TtsswCr an„t # , ^ns§r ,h6httwsse aatcr .� wt,tng, Itssr chq i t.r leg ^- txlsrel
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