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ss 10486
<br />applicable law rcq_uires such interest to be paid. Lender shall not be required to pay Harrower any interest or earnings on the Funds. lender shall
<br />give to Borrower, without charge, an annual accounting of he Funds showing credits and debits to the Funds and the purpose for which each t `
<br />debit to the Funds was made. The Funds are pledged as additional security for thesums secured by this Deed of Trust.
<br />If the amount of the Fulnds held by Lender; together with ahr futtr tnr+ntlityiBstallhtetits of Funds payable prior, to the disc dates of taxes
<br />assessments, insurance premiums and groundrents, shall exceed tftc amount required to pay said taxes,' assessments, ittsutanme premiums and ti.w
<br />ground rents as they fall due, such excess shall be at 8wrower's option; wither promptly repaid -toac rrewer or credited to Borrower on raanthly s '"
<br />installments of Funds, if the amount of the Funds held by,f rttdet stroll riot be s r#f% ettt to pry taxes, assessments, insuran a ttremfutns xatE +i
<br />ground rents as they fall dire, Borrower shall pay to Lender a.ny amount necessary to make up Alit deficiency within 30 days frrnm the date entice '
<br />r
<br />is mailed by tenter to Borrower requesting payment thereof.
<br />Upon payment it.. full of all sums secured by this Deed of Trust. l ender shall promptly refund to Borrower any funds held by Lender ff
<br />under paragraph I N hereof the Property i +sold orthe Property is attierwite acquired by Lender, Lender shall apply; no inter than immediately t
<br />` or to the sale of the P: #
<br />-.pet .trpxriv or its acqutsititin.hy Lertdrr,.any Funds head b} Lender at tint: time -of application as a creel "tL against the 3tmta-
<br />sccuredby this'Deed of Trust.
<br />3. !Application of Payments. Unles4 applicable law provides otherwise. all payments received by Lender under the Note and paragraphs
<br />�I
<br />and 2 hereof shall l+r applied by Lender first in payment of ainouritspayable to tender by Borrower tender paragraph 2 herein. then to intermt �.
<br />payable on the vote, *hen to the principal +sf the !vote, and then to interest and.principal on airy Future, Ptdvancet.
<br />?, 4. _ Chtrrges, Ll ens. Borrower' shad pay all taxes. assessments and other charges, tines and impositions attributable to the Property which 3 '
<br />may attain a pr tarty avrr this herd OCTrttsl. and leaschold payments of ground rents, if any; in the manner provided tender paragraph 2'hereo€
<br />ter, if not paid in such manner, by Borrower making payment, -heir dire, directly to the payee thereof. Borrower shall promgify furnish to
<br />Lender all notiras of amounts due under ibis paragraph, and to the event Borrower shall make payment directly; Borrower shall promptly w
<br />1'urntsh t01"Coder receipts= ev4cnc ing :such paymetus. Borrimry hall premitipti discharge any lien which has priority over this Deed of,Trut t
<br />provided, that .Borrower iliall ro: he .e, uirc t to d,s. hay , ans su,h lien ,� . �n . as Borrower shall .agree in wri to the
<br />l g� et ring pa;7r=cut of the
<br />. j
<br />Irrigation seethed by +uc?r lien in a manner acceptable to Lendrn ors?tall in good ,faith contest such lice y. or defend enforcement of Bitch hers
<br />in, It:ga; proceedings which operate do p fvrnt :hz rnforcementof the lien or forfttiure of the Property or any part thereof,
<br />5 Hazard hasimance. Borrower shall keep the improvitmentStiowcKis-iiiig or herraftrz crected on the Property insured agains, Sons by me,,
<br />- hazards sneluded wtthit, chi` term "extended coverage ", acrd such rather hazards as Lender mays require and in such amounts and for such periods
<br />as l ender tnay rcr�u.rr; prcivdtl. *hat i en rt shalt tit rr ujrc iha , le a.� w t,,. of si cR c vrrage ex reel ita; amou tt.6f co+eiage €ertur ;u# tv pay
<br />thr.sums srcuted by this Dined of frus;.
<br />That imufanca *.atricr Pritsidtng the insurance shall be chosen by tT ;rt wCY sublct i to apprmsat by Lender, provided, that stn`s approval
<br />shall not , c utt:tasr nably with held. All premiums cm insuram p tr..t.s shall'he paid to tfre manner prrov-ided cinder paragraph Z f errof or; zf not
<br />paid in 51—' manner. by Borrower ^rak ng :par-mrnt, when den =: d.rrctly cite -rte tnsurance i:arrier, '1
<br />All ansurance pohcuts and renewals :hereof shirr, be :n !orm a" rp-iabie _el Letnder and shall incluile:a standard rncirtgage clause in favor of
<br />and it. feutn accepratlr sea Lee c.. ,, xrJrr ;had have the riq ht it hold the policies and renewa .cthereof, Arid Borrower shall promptly ar tisit to,
<br />Lender ail rerirwnl tr, >, rtes and as= t :r s, of Pis«• ern , .ti,. „r the event t.floss. He rr swrr shall give prompt notice to the insurancc carrier and
<br />I,riirler. I rrtJrr ma, r riak,L prrxil o, less- it. t., ma €lr promptly mptl by Borrower.'
<br />finless Lcridrr and Borrower ot,hrrkisc agree to wrttrng, x snit aerie per eels sliall he applied to cstmwion ar repair n. the i'rvperty
<br />3arnagmd, provul ;d ouch testotatsoa far rcparr is ecanconi r , feasible anal the xcurity of this Deed of Trust is.irat ttteseby lmpairmd. If_ isei .
<br />restrsration or - rrparr rs not economically feasible or, if t.1w uw-urity of this De,-A of Trust would be impaimdt the lnsurimoc proeveais shat, br
<br />applied to the sums secured by thiv Lori l m . Trust, with the excess, tf any. yard to Borrotwcr. if the Property is abandoned by -Borrow -, or if
<br />- Borrower fails to respond to Lewder uithtn 30 :Says from ,he date notice is mailed t-y Lender ro Borrower that the insurauct carrier Offers to
<br />settle a claim stir insurance btnefirs, Lender is autho,..nis s: collect and apply the insurance proceeds at Lender's option either to restorations or
<br />repair of the Property or to the sums aecwsrcd by this Deed i't Trust.
<br />Utaless Lender and Ho.ruwcr other wise agree m writing, any such appticitticth of proceeds to principal shah not extend or postpone the due
<br />date of the monthly instalhatrits referred to in paragrapbs I and,2, .hereof or change the amount of such instaltmems. If under paragraph IS
<br />hereof the Properly Is acquired by Lender, all right, tfiflc and mtcrnt of Bor!osver in and to any insurancc potties and in and to the proceeds
<br />thereof resulting from dunnage to the Property prior to the sale or Acquisition Khall pass to Lender to the extent of the sums secured by .Iris Deed
<br />of Trust immediately prior to such sale or acquisition.
<br />b. Preservation and dsiatriumce of Property; Leaseholds; Condomiafutes; Planned Unit Devetopmeuts. Borrower' sbaa keep the
<br />Property in good repair and shall nett commit waste or permit impairment or deterioration of the Property= and ,shall comply with the provisions
<br />of any lease if this Deeci of Trust is on a ieasrhold If this Deed of trust is an a unit ui a condominium or a planned unit development. Borrower
<br />shall perform all of Borrower's obligations under the dmiaranon or covenants creating or governing the condotrunium or planned unit
<br />development, the by -laws and ieguiations of the condomintum or planned unit development, and constituent documents, If a condominium iw
<br />planned unit developmcnt rider is executed by Borrower and recorded together with this Deed of Trust. the covenants and apoemtnts of such
<br />rider shall be incorporated into anJ shall amchd and supple nent the ovcnanls and agreements of this Deed of Trust as if the rider were a part
<br />hetrof-
<br />2, Praterusta of header's SeE -urlt) - ,,- llorro-- fail_ :s p— form die cc'ctmnts and agreemca :s z4ontaincd in this Deed of t ust. air -f Any
<br />Action or Proceeding is commrncetS wl i h rnateriaily affmi,, l.endrt's iwe ct; ta the Property, including, but not lion tcd to, eminent domain,
<br />insol- inicy. crate erifv rsrnrm. or arrai gerrncnts or pr. c¢t :ngs ,iwolving a bankrxrpt omdtce =t, then Leader st lender`s option, up w acsace
<br />to -IJQT- wcr, may Sttake 50,0k, SRi?t muiru, a=73ke �, iuc = a .inn as - = necc5sa, : ii prCRM [.EnOCT s lily:2.`Cs't.,- ,s,,,tiulmgmg 04 - _
<br />-Btu hotttmd tea, dt3bursetnen1 of rcason3b4c ttatots ry'r fecs and entry upon the Ptoperty to make repairs. It lender required mortgage tns'u ancc
<br />as a,- _tnditton tit making the loan, bf th,, i?tx f e :f ; xuat, Ili €t *ucr shill ay the; r cm :toms required to maiwwri such tnaumnize in cifeci
<br />until ouch bore as the trqutreanenrot for such murance terminates in accordance with Botrowcr's and LendrCs written agreement or applicabtr
<br />law.,tot tower shall pay the amount of all nt; n wage in: oa ance premiums in the marina provided under paragraph 2 hereof.
<br />Any amour s dtsl l rsril by ',,coulee f rr ua t W th,a paragraph ?, with imcrnt thrrnan, shall laccomeaddi
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