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F
<br />Afi-.r 144541
<br />applicable law requires such trtctest to he paid, Lender shat; not he required to pay Borrower any interest or earnings on the Funds. Lender shell -
<br />give to Borrower, without charge, an annual accounting of the Funds shoring credits and debits to the Funds and the purpose for which each
<br />citbit to the Funds was made. The Funds are pledged as additional security for the sous soured by this Der of Trust. -
<br />I f the amount of the Funds held by Lender. together with the future monthly moattments of Funds payable prior to the dx dates of taxes.
<br />assessments. insurance premiums and ground rents, shall exceed the amount required to pay sail taxes, assessments. insurance premiums and
<br />ground rents as they fall due, such excess shall be. at Borrower's option, either promptly repaid to E,nrower or credited to Borrower on monthly
<br />installments of Funds. If the amount of the Funds held by Lender shalt not be sufficient to pay taxes, assessments, insurance premiums and
<br />ground tents as they fall due, Borrower shat! pay to Lender any amount rtecessery to make up the deficiency within 30 days from the date notiu
<br />is malted by under to Borrower requesting payment thereof.
<br />upon Payment in full of all sun" securers by this 'Deed of Trust, Lender shall promptly refund to Borrower any Funds -trek' by Lender. Ii'
<br />under paragraph IS hereof the Property is %old or the PmTerty is oiherwt-w acquired by Lender. Lender shall apply. no later than immediately
<br />prior to the safe of the Property or its acquisition by Lender. any Funds he'd by tender at the time of application as a credit against the sums
<br />secured by this Deed of Trust.
<br />d. AyOI'eados of Payments. Unless applicabic Iaw prv,,sdes otherwise, all payments rrcraued by tender under the, s;orc and paragraphs l
<br />loud 2 hereof shall tx applied bc' mdtt first tt aymem of amounts payable to Lender by Bortowa under paragraph 2 hnrocf, then to interest
<br />payable on the Note, then to the principal of the Note. and them its interest and principal e al o any Future Advainc-ts.
<br />4. Cb*rVm; t.iem. Borrower shall pay all taxes, assessmenti and other charges, firs and impositions attriautabk to the Property sv'ticls -.
<br />may attain a priority rner this L'rectf cif Trust, sled kasthaid pawnrirnis or ground rents, if any, in the manner prosided under paragraph 2 hereof
<br />or. if not paid in such manner, by Borrower making pavinau, when due. directly to the payer thereof. Borrower shall promptly furnish to
<br />_ - Lender all notices of amounts due under "tus paragraph. and in the event f3orint+tr shali retake L".Yn rnt directiY, Borrewrr shall promptly
<br />furnish to Lender receipts evidencing such payments flex,,wvr shall prLymoly ehs,,Wle, any lien which has priority over this Deed of Trus4
<br />'provided, that Borrower shall not he rcmarcd to discharge any such hen sss loeig as Borrower shall agree in writing to the payment of the
<br />r obligation secured by stub lien ina manner acceptable to Lttsdrr, to shall ni good faitlh contest stir'' liar dry, or defend rnfarctxincttt of such [its .
<br />in, legal proceedings which operate to prevent the enftx onions of tax lien or forfrrture of the property m any part thereof.
<br />},
<br />S. Hazard Iuwrswre Borrower shall keep the unprmemar s now riustritg or hereafter erected on the Property insured against IOss.bY faire.
<br />t haxarsls risclutkd within the term "extended zcwaagr ", And sigh etntx hazards as I,rtider relay require and in such amounts and for such periods..
<br />as Lender may require; provided, that Lender shall list require that the Amaount of such cov"agr exoved that arnotim of driver gt required to pay,
<br />the sums secured by this Dred of Trust
<br />The msuramr carrier ptsntding the msuram-e .si add ere ch osen by Bcrrttvxr subtecr to approval by Lender; provided. =hat such Approval. _
<br />shall
<br />not he unreasonably withheld. Ali premiums on insurance pcsasxcs stsaL be paid zn the annex tsroviiftol under paragraph 2 hereof or. if not
<br />paidir,sidernati"ut . bsSvrr ssrr- rrakingpayment, saw due, , 3t ,ec:»Is,.athemsewsnce;arricr -. .
<br />All insurwWr policies and rersewals taem3T s#uil, be in f€ - awe -to Len3a and half ,mcmdr a Aandard m c auu sn favor of
<br />. arnd in form a ceptai*Ic to I rndrr. Lender shall have use r4tit to hrad the Milla"ies and renewals thereof, and Borrower shall proamtptly furnish to
<br />: Lender all renewal note 'n- and ail rempts of paid prerr,tuxims- in e`art# tit ham. Borrower steal: juve prompt, n tKe -te the ins'.ma is warier aril
<br />._I_endtr. 1.to3cr may main prcxs �i` tsasi tf net- R.a3e_Ly !�+ L'{x- .aisle - - -
<br />Unlem 1.tnda aril Borrower rttnerwise attree in wrung, trisiaraticr prmeeds shall be apptiod to restoration or repair of the Property
<br />dartsaged, provided stuh restoration or repair -ra caffy fus bdt wad *-he sreunty of ails !Deed cif Trust tai not thereby unpaired -'f such,
<br />restoration or tepwr is not economically feasi'ue or if the xrcimitp o; this Ber=t of Trust would be impaired, the uasuriance pttacXeda sh" be
<br />apphed it) the surds secured by this Derr# of Trust, with tae excess, f eny,'said to Rostrower, if the Property is alb by Borrower, err if
<br />- Borrower falls to respond to Leader withim -10 days From the dart Anwr is oualed by Leri"ter to Borrower that the minrt owner offers tai -
<br />wit* a claim for insurance benefits. Lender is Author aed u} uakct.and Apply tike insurance proceeds at Ltneler's option either to remoratxoat or
<br />rt;?Air or the Property c; ex-
<br />to art sum. iwed by thus Deed o #- Trust, -
<br />L;nkss Lender and Borrower otherwise Agree rn wriums. any shell alyraipa.:a"a of ptcirvrafs to pruxcxtai shadt not extend or ltkup',41e the out
<br />date eat the msriitniy tnsta'lm"atts reterrrat :;, to €saragraplis ? amt± 2 hretsxf .- e ;oriel =,axe amt ? ti"it -tat sutih :nstalitn+etns. if a"sdtt ter -'atui to
<br />hereof the Property is acquired by 1. ender, all right, t Ic and stn rest axi SO-I OARI tt3 and to any assurance ides and d sad to xhr pr+aer ds
<br />thereof resulting from damage to tax- Propett) t^rac'rr to tare cape , err qurstt.ort staraL pea~* to Ltxsder to the extent of the stems secured by thee I.?rtd
<br />of Trust mimedtatety prior to such sale or rei.^quisttitm. - - -
<br />d, - lansee+atdoa Mail Mah"Cusucir w1 Proposer. l..tnrebaw— ` P#saased L,su( xJe+d Boi<r=.r»pim stall the
<br />Property in god repair and +hall not commit casts or y emit imtpaNmctt or detervxat"on of. the P-mv rty and shall comply with the petwvssiom
<br />of any lease if this Fleed of Trust v on a iatscbrs➢d. If this Lmcc of Trust ts:rt a unit in coodommium or a platmod unit development. Bartrswirt
<br />shalt perform all of Borrower's utrhgaxi+lns urkier the declaraucia ix �-pytna3tts creaurill or - Governing rho condoemstrum or panned cent
<br />devekspm"eni, the by -laws and regulations of the -condorminiu t err planned unit dsvrlogment..and co sitimem: documeins, If a COOCIOUNLENUMM or
<br />planned unit dinorlopmienr ruder is rxecuted by Borrow" and recorded together with th" Deal of Trust. the covenants And agreements of txich
<br />rider shall be incorporated into acrd hail attend and supplesmem the o enasgs and aarermterus of inks Deed of Tmsa as tf the rider were a pall
<br />hereof
<br />7. Protectios of [Ruder's ticcarit7. If Banterer :ails to E+ l win tau c;o ma.ra* and agreemen =s contained an this Deed of Tmit. at : any
<br />act -tor, or ptiartdmg is a_mmenced which rriattrualdp .affects Lender tntert -o in the Property, traluding, L"stt nit assured to, cm inetnt- Jaimaitr,
<br />insolsrncy.:odr crforcrment. or- arrarrgrrmco",st ; ecr:eew'ings :meats -img a banazupt ors dcvedrnt, :hen l..rndcr at L.rnder`s option, ,ipcasi result
<br />so Borrower, tear make su:h apaxarar�s, disbars: su::rt soma aril tyke sin a:tton as is nnessary to protrc Lender''s xtnixrst. tric'tidtttkr, taut
<br />not limited to, domirsement of reasonabie attotnt,#'< fees sad entry upon the Property to make repairs., If Lender mqutr ed .nortgage insurance -.
<br />: - - - as a --ondition of making, the tiwn .severed by this Deed of Truro Burtow et shall pay the premiums required to maintain such tnsuratact in rflits.1
<br />omit ;c23t tune ai the rules=, inert: `err cu.#r : rear a s trlw- ana'z' in az-cc. ;ter.- �h �'OM. m.'s s� =a' Adel' .. -ri`, av�—
<br />ter+ ttorrossrr shalt pay the amount of all mortgage insurance premosmu m •the manor provided under paragraph : heicof.
<br />Any amwnts disbursed by t,endet pursuant to this ,paragraph 7, with interest rbefoon, shall become additional indebtedness it liof-W—vt
<br />secured by this Deed of Trust. Uniess Borrower and Lend" agree to oftter terms of payment, such amounts shall be PaYabit upon 000" front
<br />Leadet to Botrower rxxlut -Amg payment thereof, and shali bear interest from the date of dsstrwsem ent at the rate payabir «tom base to time ears
<br />outuaindina principal under the Niorr unieat pay'm rel of interest at su:b rats *Quid be Contrary to applicable taw, in which cvrm€ such arro umtr
<br />snail hear un "cst at the highest rate pe"nusseclt untirt applicable law !yeah na contained in this paragraph 7 shall rr4wre tender t,• uscur any
<br />expense of take any action hereunder
<br />C ttnipactlea. lender may "take of ;muse to he :Wade traiionAhle entree+ upon and inspection of the Pnzpetty. €noradeed that "mile* ,hall
<br />gasr lkerrtiwrr runlet rl, aM to any such rropes:tnsn specifying oeM,.n&Nt ;cause lbexefor rrtared it: Lender's tmterest in the firopewty,
<br />9. ( asifrasariainsi. the mote ds Lit ins award cir ataam fos damtagcs. durO Or rn'ontirciloxn with am sx'oolntnst; w) .•
<br />,nhrs talicq "t the tbntwo , of fa tt r wle t .t ''t,u coule^yartcc to lies' M'.,yzrieCrnaiisxn. are herttsw a aigne l and shall i* oa ,J 1t` i x'r;Bct
<br />era rim r•. rs„ - >f a tma� taking pI iha Ptopttts, tF_,r trrtwrtda snail !^ic- nE'�t• �.i +, -, ?tie. �wirra rc oleo h`t thi, l:ke- r: 3 ia; <., +c=t-- :arc vs.r*- �t a -s,
<br />ir,rst f —A =,I tl =era ass tak.rsy trl itW lit =q*et.., itttitats I(ra"rt -we; And t rt „Sex ,u};rrui -y° agree ,1x xs lnt,. :w,r ",a,
<br />tt -;a hrrr 44 the pv,i ,I.C':lx x
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