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<br />applicable law requires such interest to he 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 are pledged as additional security for the sums secured by this Peed 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 />1 assessments, insurance premiums and ground rents, shall outcecd the amount required to pay said taxes, assessments, insurance premiums and
<br />ground rents as they fall due, such excess shall be, at Borrower's option, either promptly repaid to 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 />r ground tents as they fall due, Borrower shall pay to Lender any amount necessary, 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. Leader shall promptly refund to Borrower .iffy Funds held by Lender. it
<br />under paragraph IS 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 surfs
<br />secured by this Deed of Trust.
<br />3. Application of Payments. Unless applicable Law provides otherwise, all paytne :u received by Under under the Note and paragraphs i
<br />and 2 hereof shalt be applied by Lender first in payanent of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br />payable on the Note, then to the principal of the Note, and then 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 %hich
<br />may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the manner provided under paragraph 2 herec C
<br />or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Bormwr shall promptly furnish to
<br />Lender all rodccs of amounts due under this paragraph, and in the cyan Borrower shall snake payment directly. Borrower shag promptly
<br />furnish to Lender receipts evidencing such payments. Aorrowrr shall promptly discharge any !ten which has priority over this Deed of Trust
<br />provided, that Bo =-rower shall not be required to discharge any such lien so long as Borrower shall agree in wrung to the payment of ilie
<br />s obligation secured by such lien in a matmcr acceptable to Lender, or shall in good faith conttst such lien by, or defend enforceir.ent of such lien
<br />in; legal proceedings which operate to prevent the enforcement of the Jaen or forfeiture of the Property or any part thereof. -
<br />5. Blamed iasutaoee. Borrower shall keep the improvements now existing or hereafter err. -fed on the Property insured against loss by free,
<br />-:_ hazards included within the term "extended coverage ", anti such arise hazards as I.endr may ruin and in such amounts and for such periots. .
<br />as Lender may require; provided, that Lender shall nor require that the amour: of such coverage exceed that amount of coverage required to pay
<br />the sums secured by thin laced of Trust_
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender: provided, that such approval
<br />shall not be unreasonably withheld. All premiums on insis:z.. , oitc.cs shall x ^aid is the framer prov�sdcd undo paragraph 2 hereof or, it eta
<br />paid m such manner, by Borrower making pay.nem, when due, directly to the insurance carrier.
<br />All insurance ;,altcies and renewals ihecrf °bail he .n farm acceptable to lender and shall includes a standard mortgage clause in favor of
<br />and in form acceptable to tends-. Lender shall have ore tignt to hold the policies and renewals thrco'. and Borrower shall promptly furnish for
<br />Lender all renewal nooses .ar.d all receipts of paw prc asnums. In the event of loss, BOrrowcr shay: git proms, notice to the insurance carrcand
<br />Lender. Lender may Hake proof of loss if n;st made promptly by Borrower.
<br />Unless Lcsrdet and Borrower otherwise agree in er ert
<br />writing, insurance proceeds shall be applied to rurabon or repair of the Propy .
<br />damaged, provided such restoration or repair is ex onotntcaily feasible and the security of this Deed of Trust is not thereby impaired. if sucti
<br />restoration or repair is not cconort cafly feasible or if the security of this Deed of Trust would be impanred, the ussuraact proceeds shall be
<br />applied to the sums secured by this ilccd of Tnsz, with the excess, if icy, paid to Borrower= if the Property is Abandoned by Borrower , or if
<br />Borrower fails :o respond to !sender within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to
<br />s--tic ; claim for insurance wnefits. Lender is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or
<br />repair of the Property or to the sums secured by this Deed of Trust.
<br />Unless Lerida and Borrower otberwise agree in writing, any such appircation of proceeds to principal shall not extend or postpone the dttt
<br />date of the monthly installments referred to in paragraphs 1 and 2 hereof or tdiatrge the amount of such irtsalimens. If under paragraph l8
<br />hereof the Property is acquirer! by Lender, all right, title and interest of Borruwcr in and to any insurance policies and in and to the proceeds
<br />hereof resulting from damage to the Property prior to the We or acquisition shall pass to Under to the extrit of the sums secured by this Deed
<br />of Trust immediately prior to such We or acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds; Candondaiams: Phmaed Unit Developments, Borrower shall keep the
<br />Property in good repair and shall nix commit waste or pe -,snit 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. If this Deed of Trust is on a unit in a condominium or a planted unit devtdcpaxrt. Bortttwer
<br />shall perform all of Borrower's obligations under the declaration or.covemums coating or governing the condominium or planned Fruit
<br />development, the by -laws and regulations of the coxlomimum or planned unit development. and constituent documents. If a condominium or
<br />planned unit development ride is executed by Borrower and recorded together with this Deed of Trust, the covenants and Agreements of such
<br />rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the ride- were a par.
<br />hereof.
<br />7. Protection of mender's Security. If Borrower fails to perform the covenants and agreements contained in this Deed of Truss, or if any
<br />-action or proceeding is commenced whicb mawria:iy affects Lender's interest to the Property, including, but tot limted tc. etninertt domain,
<br />'Insolvency, code enforcement, or arrangemrmts or proceedings involving a bankrupt or decedent, then Lender at Undr's option„ upon notice
<br />to Borrower, may snake such appearances, disburse such sutras and take such action as is necessary to protect Lender's interest. mciuding, but
<br />not limited to, disbursement of reasonable attorney's fees and ennY upon the Ptoperty to make repairs. If Lender required matgnge insurance
<br />as a condition of making the loan secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />until such time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />law. Borrower shall pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thrcon, shall become additional indebtedness of Borrower -
<br />secured by this Deed of Trout. Unless Borrower and Lender agree to other terms of payment, such amounts shall be payab c rpoa ntxirx from
<br />Lender to Borrower requesting payment zhcreof. and shall bear interest from the slate of disbursement at the rate payable from time to time on
<br />outstanding ptmcrpai under the Note unless paymcr+t of interest at such rate would be contrary to applicable law, in which event such amounts
<br />stub bear interest at the highest rate permissible under applicable law. 'Nothing contained in this paragraph 7 shall require Lender to incur any
<br />ctpenst Of 4kc any action hereunder.
<br />g. inspacuon. Lender may rnake or cause to be made reasonable entries upon and impea trans c.f the Property, proviued that Lender st;al
<br />gr +t `artowcr car +tun prior tot any sych inspection sperif;,~ing r- asorable s`ause thrntor rdAted to Lendrr'r antcrest In the Pr: +lserty
<br />4. t. endemnatioa, The p:xreds of any a.+ard or claim fur damage i-onsrquintial. io tor. r..,..;. u:;= an,
<br />- ='Ytt; ak.na _ y tare I'rofrrig, :u psr! for _,n; ryawv w btu of , mdernnatlon, are hereby z1vir ^r1 and sl<a , be aril toy r of
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