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<br />104841 r
<br />applicable law requires such interest in be paid, Lender shall not be required to
<br />pay Borrower any interest or earnings on the Funds:. Lender shalt
<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 unds arc pledged as additional security for €he sutras secured by this Deed of Trust.
<br />a ' If the amount of the funds held by Lender, together with the future monthly installments of Funds
<br />erg payable prior to the due dates of taxes;
<br />assessments, insutattct 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 excises shall be, at Florravwrr`s option'., tither promptly repaid to Borrower or credited to Borrower on motrtbly
<br />installments of Funds. If tht artioum of the Funds held by Lender shall not Lie spff°tcdent to pay taxis, assessmems, insurance premiums and
<br />ground rents as they fall due, Borrower shall pay to Lender any amount necessary ter makeup the deficiency within 3Q days from ihedate notice
<br />is mailed by [,colt+ to 8otaowerrnquestin8 gayntmt iircreaf. -
<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 other-wise acquired by Lender, Lender shall apply, no later than immediattlY
<br />t 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 rite stems
<br />secured by this Deed of Trust.
<br />t 3. Appfdcanon of Payments. L:nless applicable law provides othtnsise all payments received by Lender under the Note paragraphs 1
<br />and 2 hereof shall be applied by tender first in Payment of amount= payable to Lander by Rorrowtr under paragraph 2 hereof, then to inicrcst
<br />payable on the Note, then to the principal of the Note, and then to ntirrest and principal on any Future Advances. .
<br />4, Charges. [Seas. Borrower ,hall pay all ,;aces, asstsixtients and ctiber charges, fines and impositions attributable to the Property which
<br />,nay attain a prnniy nuts this Deed of Trust, andltasthold payments ot.ground rents, if any, in the manner provided under paragraph 2 hereof,
<br />or, if not paid in such manner, by Borrower making pavrmrir, when due, dircrtly, to the payee thereof, Borrower shall promptly Furnish to
<br />Lender std notices of amounts due under this paraggraaph, and h he cent Borrower shall make payment directly. Borrow °er shall promptly
<br />fumish to Lender receipts evidencing such payments. Bttrrovrri- shall promptly discharge any Gen 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 is a manner a rptable to Ltndu. or shall nn good faith contest such tier by, .or defend enforcement sth Idrrt
<br />in, legal proceedings which opecatr to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Hazard Insurance. Borrower shall keep the improvemenns now existing or hereafter erected on the Property insured against loss by flit,
<br />Hazards included within the term -extended coverage, and such other hazards as Lender may require and in such amounts and for such periods
<br />as Lender may require; provided, that Lender shall not requu'e that the amount of such cover age exceed that arnoum of caveragerecluked to gay
<br />the sums secured by this Decd of Trust-
<br />The insara :wc -carrier prodding the 4nsuratrc.c shad, he chosen by Borro-min subject to approval by Lender; provided, that such approval
<br />shall not be unreasonably withheld. Ali prrmmms on insurance pohine< shall be paid in the manner provided under paragraph 2 hereof or, if not
<br />paid to such manner,, by Borrows making payment, when due, :dire :tlg a the insurance ca.zier.
<br />All insurance grab; -im and renewals thereof shall be -n fmn, ac:rptabit to Lende. and s'.tali include a standard Mortgage ,clause in favor of
<br />s in foryn acc.cpiahlc to Lender i_rn err sltall bare the nai t to h:iid the pnliats and renewals threof, and Borrower shall promptly furnish, to
<br />Lender ail retirwai notices and ail receipts of paid.pren iur t_ in. lee es.ent of Ms Star owes shall give prompt notice to the insurance carrier and
<br />�,1.erritca I x;xler uury niuke f rt i�` o: icxsc if melt made pram, cly h, $nrro. -er - - - -
<br />Vnk,,s l.cnja and Borrower otherwise agree, in -n g, m uranx Itroreeds shall be applied zo restoration or repair of the Property
<br />d
<br />damaged, provided such restoration or repair is economically feasible a. the security of this Deed of Trust is not thereby impaired. If such`
<br />restoration ter repair is not economically feasible or.if tiro security of this Deed of Trust would be'inzpaired, the insurance proceeds.shatt be'
<br />applied to-the stuns ere uied by dus Deed of Trasi; with the mane i£ arry, paid to Borrower. It the Property is abandoricd l y Borrower. or if
<br />Eorrs r fails is respond to Letder witlim 30 days from the date notice- is mailed by Lender to Borrower that the iasittao= soarer offers to
<br />scitlr a claim for insurance iene #itf. i ender i,� authorized to et licit aand -appiy the insurance proceeds at Lender's option oiler. to restoration w'
<br />repair of : he Property or to the sums.secired by this Deed of Trust.
<br />Unless Lender end Bgerowet othrrw�ge aver in writing, any such application of proceeds to principal shall not extend or postpone the due',
<br />date of the monthly installments referred to in paragraphs I and 2 hereof or change Cite amount of such irmadimen€s. If under paragraph is
<br />hereof the Property is acquired by Lender, all right, title aid interest of Borrower in and to any insurance polities and in and.to the proceeds
<br />thereof resulting from damage to the Property prior to the We or acquisition shall pass to bender to the extent of the sums secured by this Deed
<br />of Trustimrrrdimelyprior to sitch sale to acquisr *_ion,
<br />6. Preservation and Maintenance of Propertty-, L.easel olds; Candoadakionst Planned limit Dgvdopmeuts. Borrower shall keep the
<br />Property in good repair and shall not commit wave or permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any lease if this Deed of Trust is on a leasehold. 3f this Deed of Ti ust is on a unit in a condominium or a planned unit developm=A; HOITQw2r
<br />Shall perform all of Borrower', obligations dander the declaration or covenants creating or gover uW the condominium or planned, unit
<br />iitvelopment, the by laws and regulations of the condominium or planned inn ode+riopment, and constituent documents. It a condominium or
<br />planned unit development rider is execured by Borrower and recorded together with this Deed of Trust, tdtt covenants and agmcments of such
<br />ruder shall be incotporated into and shall amend and sttpplement the covenants and agreements of this Deed of Trust as if the rider were a part
<br />hereof
<br />7. Protection of leader's fiecutlty. If Borrower falls to perform she co criattts and agrcementc contained in this Deed of Trust, or if any "
<br />actionor ftixtcding -is rtrrtlmencrd which materialiv affects Lender's in¢, -rest in the Property, m ludang, but rot limited to, etnin-rrtt domain, -
<br />irniol,ency, code enforLement, or arrangements or proceedings involving a bankrupt or decedent, then Lend= at Lender's optionn upon notice
<br />to Borrower', may retake such appmrancra, disburse such sums and take such action as is necessary to protect Lender's interest, including, but
<br /># limited ter, drab ,r. � ; ttf r axcrsrabk attesrrrxx's -f acrd rnt y upon33tc- Property to make repairs,: Lt i eder required inor.gagrinsurance
<br />i 1_ - - -
<br />- - -ri ." :rta:.titg ;rte `,i' -.,. .'.i <4 iZn]S'v, sTiaz- vms zrquireu iii Maaintain such insurance in elfec _ -
<br />until such I'me as the requtrrment fa. scnch insurance terminates in accordance with Borrower's and Lender's w itten agreettrrtst or app izsblc
<br />law- 2orrower shall pa!i the ampiml of all mortgage insurance premiums in the mamner provided under paragraph :hereof-
<br />Any arricnina disbursed by lewder pursuant to thin paragraph ?; with interest thereon. shall become additional md6birdm-4 of Borrower
<br />secured by *,his Ihed of Trust. Lints Borrower and Lender agree to other ierms of payment, such arnvirml shall be payable upon notice from
<br />1-end" ter,, Biwrowei requesting paynterit thereof, and shall hear interest from the date of disbursement at the rate payable front time ter, tunt on
<br />+?rtihtanding pn m-t! under the Nort *Rhea payment ref interest at xuch rate wmald be contrary to applicable law, in which cye ;ucl' asnx,s,nu
<br />r �Iwl hear J. err bigbeit rate rcrmit,sible, under ,:pplicablr law Notthunacontained to ibis parattrapn shall rcquor d rndrs to< nu, oat:,'
<br />r tsrnwn m take AnY wr% t.'t;erecra, der
<br />g. latrt+erntm, '. .rc nrrav reake nr csuw t.�- tie mad< seavi nahle enttitt rxpszn and ir4sprctrsrrts t ''o. Propcinf, pr :s9 v`c,! Oi; t= i rn.lcx sha:'s
<br />ter - z = =r :3a4cs a- twey dra „r t�. arty site'., .,npeclitan 4perffyiag rea�,zrsabinc,ayse itrrcfr +.r +clotted sc� isrrcte " t ,tea ^_aa ut *.lee i's:wl� ^rte+.
<br />a. I'r.adeaat!rrtrt . ?y<e trets___.d.. t.l door aw -a^tl err .learn tr,r damaltr.:.
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<br />rat_. -offal tv Orgfi�rd itfr :wil -- c,f?^, .e it^e,_'.'
<br />, - r of ;rte. 14,,-
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