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<br />�6.• 104820
<br />applicable law requires itch interest to be paid, Lender shall not be required to pay Borrower any interest or 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 areplexdged as additinnal security far 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 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 Bo: rower`s option, either promptly repaidto, 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 fail due, Borrower shalt pay to Lender anyamount necessary to makeup the deficiency within 30days from theda wriotice
<br />is mailed by Lender Borrower requesting payment thereof;
<br />Upon paymtent in full of all sums secured by this Deed, of Trust. Lender shall promptly refund to Borrower any Fouls 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 sale of the Property or its, acquisition by Lender, any Funds held by Lender at the time of application as a credit against the sto= .
<br />secured by this Deed of Trust.
<br />3. Application of Payments. Liniess applicable law providcs 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 payable to Lender by Borrower tinder paragraph 2 hereof, then to interest
<br />payable on the Note, then to the principal of the Nate, and them to interest and principal on any Future Advances.
<br />4. Charges Liens. Borrower shall pay all taxes, assessments and other charges, "fines and impositions attributable to the Property which
<br />may attain a priority over this Decd of Trust, and leasehold pavrdents or gr ound rents, if any, in the manner provided under paragraph 2 hereof
<br />or, if not paid in such manner, by Borrower making payment, when disc, directly to the payee thereof. Borrower shall .promptly furnish to
<br />f ender alt notices of amounts due under this paragraph, and in the event Borrower shall make payment. directly, BorroArer shall promptly
<br />furnish to-Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Deed of Trust;
<br />provided, that Borrower shall not be required to discharge any such lien so long as Borrower shall agree in writing to the payment of the
<br />obligation, secured by such lien ina manner acceptable to Lender, of shall in good faith contest such lien by, or defend enforcement of such lies,
<br />in, legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. hazard Insurance. Borrower shall keep the miproscrnersr =. now emstzrg or hereafter erected on the Property insured against loss by fire,
<br />hazards included within the term "extended coverage ", and such other hazards as Lender may require and in suchamounts and for such periods
<br />as Lender may require; provided, that Lender shall not rcgtart That the amount of ut h coverge exceed that amount of coverage tenured to pay -
<br />the sums secured bv this recd of Trust.
<br />The insurance carrier providing, the insurance shall be chosen by Borrower subject to approval by tender; provided, that such approval
<br />shall not be unreasonably withheld. All premiums on insurance polities shat: be paid in the mariner provided under paragraph 1 hereof or. if not "
<br />paid in such manner. by Borrower making payment, whet;: u e. dire l to the rt4urancucarr er.
<br />All insurance policies and renewals thereof shall be in for t a zeptabic ice [,codes arid shatl include a standard mortgage clause in favor of
<br />and in form acceptable to f endcr. q -en-des =,hall have the', right to hold , hc poLacs,and renewals thcreof, and Borrower s„an promptly floor ish to -
<br />Lcndcr all renewal notices and ail receirrs paid premiumz. in the C�Lenz of, riss, Borrower shall give prompt nonce to t its insurance carrier and
<br />Lender- Lcndcr ntav make proof of lass if not made ptomptIv bv,Borrowc t,
<br />Unless lender and Borrower otherwise agree in writing, i.,surancc proceeds shall be applied to restoration or repat of the Property"
<br />damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trust is not thereby impaired. If such
<br />restoration or repair is not economically feasible or if the securtry of this Deed of Trust would be impaired, the insurance proceeds shall be
<br />applied to the sums secured by this Deed of Trust, with the excess, rfany. paid to Borrower. if ibc Property is abandoned by Borrower. or if
<br />Borrower fails to respond to Lender within Y) days from the date notice is marled by tender to Borrower that the insurance carrier offers to
<br />settle a claim for insurance bencfits, 1,xrdcr is authorized to coilcct and apply the ir- wrance proceeds at Lender's option either to restoration or
<br />repair of the Property or le, the sums secured by this Deed a Trust.
<br />ifnicss Lender and Borrower otherwtse age tc .,, writing any such appb,rZlots of proK e <., to prmcipai shall not extend or postpone afte disc
<br />date of ells monthly Installmenti,eferrtd to to paragraphs d and 2 hereof or riange tlsc amount of such installments. If under paragraph Its
<br />hereof the Property is acquired by Lender, all right, rime and interest >oi -I've ro-cr in and to any insurance polities and in and to the proceeds
<br />thereof resulting from damage to the Property prior to the sale or acquisition shalt pass to Lender to the extent of the sums secured by this Deed
<br />of Trust immediately priartosuch sale or acelvaution,
<br />6. Preservation stud Maintenance of PropeM, IA%uholds; Condominiums; Planned Unit Developments. Borrower shall keep the
<br />Prvpt: ty in good repair and shall not commit waste or permit impartment or deterioration of the Property aid shall comply with the provisions
<br />of any 14ase if this Deed of Trust is on a lcaschold. Iftius Lend of Trust is on a unit in a condominium or a planned unit development. Borrower
<br />shhall perform ail of Borrower's obligations under the dadaration Or covcnants creating or governing the mvidorninium or planned unit
<br />development, the by -laws and reguiations of the condorunium or planned unit development, and constituent documents. If a condominium or
<br />planted unit devekvlrurnt rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such
<br />rider shall he incorporated into and shall amend and supplement the covenant *_ and agreements of tilts Deed or Trust as if the rider were pan
<br />Near.
<br />7. Protection of Leader's Security. If Borrower fails to perform the cc, enacts and agrecrnents .contained in this Deed of Trust, or if any
<br />action or rrrocredmg is cotnrttcnced which materially affects bender s r nurse -.n the Property, inciuding, but not limited v,. eras vent dc,masn,
<br />irwivency, rode enforcemem, rr arrangmtcas ur prxecdurgs bleodving a bankrupt m deccdem. thco Lender at Lvnder's option, upon notacc
<br />to Bo: rower, may make such appearimces, disburse such slims and take such action as is necessary to protect Lender's interest, inaziuding, but
<br />tut tttited to, disburscment of reasotraisie atza tre_'s fees and entry upon the Pr grrtp to Triake repairs, If Lender requited roar gage insure x
<br />-- -- - a¢ a 4 =ondai rn of leaking, ,hr-soun tt,;,ncd by ,h.5 Deed of T Lust, %tor. owes stia.i pas trio p retrturn% required to maintain such insurance in effect
<br />u. -ttti, such rrmc jis the requircrn=nt for such ntau €amc trsminates in accordaacr worth llottower'a and Lender's written agreeruem ?, app8rablc
<br />taw, Harrower sttail, pay "[he amount of all mortgags insurance ttrcmiurns in the manner provideu tender paragraph 2 hereof
<br />Any am u:tts dishu =sod by Lr *turf pu.tuaru tc, the; paragraph ?, with intern t thereon, shall became additional indtbtecint=s r.f Botrcxcr
<br />urcd by this heed of "freest. iJndc%s florrowct and Lender agree to other terms of payment, such amounts shall be payable upim rwtiee from
<br />Leodcr to Borro,*Co tcuttcrst np payttt.rnt!itcrtof, and .shall bear iractesi thou the elate of tiisbursernermt at the rate payable frrm rime r on
<br />oiatiticniding „ri,7ei;7ai Undc^r the ` kklr. cnlcar. J,,Ay;ntnl ,-st ir, „ .;t ,it sci h'nite wrauhl he t'eentrat; t�l ajl`111410'1e taw, rt 1110. o cn t ,..
<br />• siMA bit rnlettim a: the ;s;y"t"m rile t-a- fiwothtng t Qt-, intd M thiS patagrartl 7 ,hall rcLpve £ . ,act i:+ .ac.:, A,-
<br />eallr�4e rye take° atotk a,t ;ctn'rE. cut£t&r =.
<br />It.
<br />lmprrlioo. LendIgt rna-, naikar, -n tier _ be tr4lidc rt'awhabic em Yaet z,,-t ;: and ,n f rm,. onit , l 14e: 3 ., 3 • , nt: _t_
<br />glv.jut, minter rttrgE tit e_, to dnp rit,.ta :rxghe:,f nt,{ ecctfv ;sgled- „ntut,icC.au,ctf.crrfo± resat €cd tolcu;,.- ,.7nlr,cst m thci "- ,;vertu,
<br />,,_ .. 103�,' -art t+.+ ,t3 st- 3�rrr.e rti � - --
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