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RE- RECORD'Ea 86" 144527
<br />,.10468 2
<br />applii a*, requires such interest to be paid, tender shall not he required tc, pas Borrower any interest or earnings on the Funds. Lender shall
<br />. se, to Borrower. without charge, an annual accounting of the Funds showing credits And debits to the F*ds and tote purpose for which each
<br />debit to the Funds was made. The Funds are pledged as additional - entity tot the sums secured by this Deedol"T'rust.
<br />If the amount of the Funds held by tends, 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 Borrowet's option, either promptly rrpaid to Borrower or credited to Borrower on monthly
<br />Installments of F unds. if the amount of the Funds held by Linder shall not be sufficient to pay taxes, assessments, insurance premiums and
<br />ground rents as they fall due. Borrowr shall pay to Lender any amount neressary 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. I coder 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 We of the Property or its acquisition by Lender, am Funds held by t tinder at the time Of application as a credit aga+'nst the sums
<br />secured by this Deed of Trost.
<br />1. APP111mtloa of Payments. Unless applicable law provides otherwise, all payments received by Lender under the fvote and paragraphs i
<br />and 2 hereof shall be applied by I: coder first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to inter est
<br />- payable on the !vote, then to the principal of the lvete, and then to interest and principal on any Future Advances.. - -
<br />1. G'iarges: 13tms Borrower 'hall nag all taxes, assessments uitd other charges. fines and impositions attributable to the Property which
<br />may &tram a priority over this Deed of Trust, and leasehold payments or ground rents, if any. in the manner provided under paragraph 2 hereof
<br />ow, if riot paid in such manner, by Borrower making payment. when due. directly to the payee thereof- Borrower shall promptly famish to
<br />'1xi der all ncuices if amounts due aandet this paragr_;,rL and in whir ct-ent Borrowe- shall make payment directly. Borrower shall promptly .
<br />furnish to Lender receipt, evidencing such payments. Borrower %halt p rornptls discharge any lien which has priority Liver this Deed of Trust:
<br />provided. that Borrower shall not he required to discharge any °ouch h m sa long as Borrower shall agree in writing to the payment of the
<br />zifwhgation secured by such ben in a manner acceptable to L.etider, owe, shah in go+.wd truth 'curtest such lien by. or defend enforcement of such lien
<br />in, legal proceedings whi. h operate to prevent Inc - nbxcement of ;;se lien tt, forfeiture of the Property or any pan thereof.
<br />S. Hat" Intersect. Borrows shall keep hr improsemenss rtc+w extsttrig or hereaf+_er erected on the Property insured against loss by fire.
<br />hazards -included within the term "extended covrage", and such Lithe haza,rdt as Tends may require and in such amounts and for such periods
<br />as Lender may rec;urre. provider!, that Lender shat; now require that she amount =>f such coverage exceed that amount of coverage required to pay
<br />the stints secured by this teed of Trutt.
<br />The noltransc carrier ;vic-iding the snsurance shall he --howeri ev f3cwtower suitomt to approval by Lender: provided, chat such approval
<br />shall not he unreasonahts withheld All premiums on insurance -,visitors shall Nr paid in she manner provided under paragraph 2 hereof or. if not
<br />paid tit such manner, bA Borrower making paymmt, when due. darn:' €y ul the ursur ante carrier. -
<br />All insurance pot.cies and renewals thereof shall be it) form, a :ctptafslt To I..rnder and shall include a standard mortgage clause in favor of
<br />and ern form AcceYt.able to Lender, Ltader shall have the right t_, t=ail:. thz ;++ +hCtes and renewals thereof, and Borrower shall promptly furnish to
<br />- L.erider all renewal notice, and" reortpts of paid premiums .era thr wins c =f loss, l)cfrrews shall gtsi prompt notice io the insurance carrier and
<br />Lender I code: may make proof of lass If not made prcrospdv'os Bur;'OUr•r. -
<br />Unkss bender and Borrower offitrwrae agree in writing. ttatuarcc pricted% shall be applied to restoration or repair of the Property
<br />damaged, provided such restoration cr repair is ertr�1omurtlty #ember anti the %county of this Decd of Trust is not thereby impaired. If such
<br />- testotation or repair is not economically- feasible m if the securriy of this Lic- t of Trust would be impaired. the insurance proceeds shall be
<br />_ applied to the sums secured by this Dared of Trust, with the ezcet%, If anti, furl '.ro Fkzrrowu. If the Property is abandorreJ by Borrower, or if
<br />Borrower fails to respond to Lendtt within Y) days frorn !lit data riotrcc i. rnarivi b% Lender to Borrower that the insurance carer offrs to
<br />.settle a claim for insurance benefits. I trader is authortxced to COBOLt ate.: &ppiy the tniuranee proceeds at Lender's option erthr to restoration or
<br />repair of the Property or to the sums secured by Uzi Veld of Trust. - -
<br />Unless l ender and Bcxrcewer ort"wise agree in +.ruing. any such Appic nits r t pry :mss to primipal %half [urt extend sn postpone the due
<br />date of the monihLi installments referred to ,n psraarsphs I aruf 2 hereof Of :mange the ani win of such Installments- If under paragraph is
<br />hereof the Property is acquired by Linder; at right, rule arse Ahielest of Borrows to and to any insurance policies and in and to the pr<xve&
<br />thereof resulting from damage to the An-jierty prior to the .ale :we, aigvtMioon shall pass to 1-ender to the extent of the sutras secured by this Deed
<br />of Trust immediately prior to such sak or acq:tessuou.
<br />6- preservadwe aM Nsistimmuct of Proper"; Lewmeboaka f:oodomialwasm. Planned Unit Developments. Borrower dtall keep the
<br />Property in scrod repair and shall not Commit waste or permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any lean if this Ihcd of "trust is on a ieaselxyld. if Ifni Dees: of T °nisi. is on i &nit to a ctxxkivoinium or a planted unit development, Borrower
<br />shall ;rx(orm all of Hoffower's obligations under the declarsotcut or Eoirnaros crtating or governing the condommitim or planned unit
<br />devel,opmernt the bylaws and regulation, of the condommium av panned uno deve.lopmem, and constituent documents. If a ccrndotmriturn in
<br />planned unit development rtder it executed hr Borrower and'rcccrded togtthei with this teed of Trust, the covenants and agreements of such
<br />writer shall be incorporated into and ghat! amend and vuppitmemt ._he c- vscrwi nit and agreements of this teed of Trust as if the rider were it part
<br />hereof
<br />7. Protection of I enAtt's'WeaMt, of Morro.er fails to per forow the ct>serrants and agreements contai nod in this Deed of Trust at if any
<br />action tx procceding Lis immetKrd wtuch matrnaP) 0!mts ; ender's interest .a the Property, owhifrng, but not limited to, eminent domain.
<br />lasoivttrcy, code cnf wvw rmrt1l, of arrangernents Or proceedingA invol-out a bankrupt or decedent, then Lender at Lender's option, upon notice
<br />to Borrower, may make such appearances, disburse such toms and take such action as is rtesessaty tO protect Lender's interest, useludirtg, No
<br />not limned to, disbursement Of reasontatrk attorney's fees and entry upon the Property to make repairs. If Lender requied mortgage insurance
<br />A" a vondition of making the Into secured by thy% Ueed of Trust, Borrows shalt pay the premiums required its maintain such insurance in effect
<br />until sect) time wo the requirement for such insurance terminates in a"ordance with Borrower'' arid Lender's written agreement or applicable
<br />_law H4rrowrx sha19 pay the atn,yunt ?f all mortgage intutMCt prrrtuuma to trot manner provided under paragraph 2 hrcof.
<br />Any Ameuent>, d_aalwl_-_d by 1 err. er Feu= to this }arwisph', with ;nwest 1-hereon- shelf Frecagu additional xodebirslacm of 11-
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<br />secured by this tend of Trust. Unless Borrower and terlder agree to either terms of payment. such amounts shall he payable upon notice. from
<br />140540 to Befltlrwer regwtsuttg payment thelexif, and shall beat interest from the date of disbursement at the rate payable from time to term :M
<br />aeatitanduy principal under the Next unless payment of interest at such rate would tic contrary to applicable law, in which ev-rim such amounts
<br />Omit how Interco at the highwelf rate permissible under applicable law, Nothing contarlxd In this paragraph' shall require bender to imut slow
<br />"Veivia of last any ocuism hereunder
<br />A . It porti il, Iender that m&#e or caust to be m&de reasonable emries upon and inspections of the Property, provided that Lender shali
<br />F-t Ftrirt�wn fx'ttor prigs to any stitch inspection vpteifying rtasomitlir cause therefor ietaued to I coders inter est ern the Property
<br />a t404"6000pa, F -hr provvees Of any award Eat a.fa €m for damages, dirw of ts+nseetursua7, in o,hoe cult with arty; undemnat inert ,=t
<br />+:Atytr ra,t inn ._(tr?e err wscii.. ,a t>a*j it—W.sfi, z•t tsv. <xirlvtyark i tfa lieu ±ref s-- orw..tctrnatta n. ai c trerrfyr tsstgpri -t aiwf -halt L s,a :d tip ! xtelef
<br />ir: p:,,e Rxtfii "t t t,aai t. &sir fi Lis the is"01w1ty, the pw'iv d. goat! I* Aprdetil to thr• .unel sr-+sif,,s £>s ohs. Ohstlj .,( !?"m Aim the ester it err,
<br />is, ,hr r,ew -f a taufski riirna' -It the I'rxeFartg-r- iitiv^ t f#i±e wee an?f i ffNjrt i >'itriwise aline, ...,,suns. ""err - .!gat; tU
<br />irVrs. ; lisill =.r t t"o lu'r, pier Bets o- inn 'step to - rri.f€ as s ta.t!-rai'.r has t`i z`Sr"ia,x, gist, f•..t!r
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