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<br />86-- 104950
<br />appii 3bie a see literal 1. b paid, Lu,der abase nett be required to pay Borrower any interest or earnings on the Funds. Lender shaft
<br />give to Borrower, without charge, an annual accounting of the Funds showing credits mnd debits to the Funds and the purpose for which each
<br />debit to the Funds was made. The funds are pledged as additional security forthesums secured by this Deed of Trust.
<br />if the amount of the €tends held by Limner, together with the future rmyrithly installments of Funds payable prior to the due dates of taxes, ,
<br />assessments, insurance premiums and ground reirs,'shall exceed the amount required to pay sa#d taxes, assessments, insurance premiums and
<br />ground rents as they fall due, such excess shall be, at Rmrrowaer's option, tuther'promptly repaid to.Sorrower or credited to Borrower on martthiy
<br />installments of Funds. If the amount of the Funds hall b, Lender shah not be sufficient to pay taxes, assessments, insurance premiums arsd
<br />ground tense as they fall due. Borrower shall pay to Lender der any amount nccrssary to make up the deficiency within 30 days; from the hate oscine
<br />is mailed by Lender to Borrower requesting payment thereof.
<br />g , upon payment in full of all sums secured I*, 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 otherwise acquired by Lender, Lender shall apply, no tats Than immediately
<br />prior to the sale of the Property or its acquisition by Lender, airy Funds held by Lender at the time of application asa credit agamstthe sums
<br />secured by this Deed of Trust.
<br />3. Application of Payments. Unless applicable law provides otherwise; all' paymntnts eceived by Leader under the Mote and paragraphs I
<br />and 2 hereof shall be applied by Lertder first in payment of amounts payable to Lender by Borrower under paragraph 2lu eof, Then its interest
<br />payable on the Note, *.hen 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 Prvperry wtuch
<br />may attain a priority over this Deed of Trust, and Ieaschold payments at ground rents. if any, in the manner provided under paragraph 2 hereof .
<br />or, if not paid in such manner, by Borrower rnakitur payment. when due, direct', to the payer thereof. Borrower shall promptly furnish to
<br />Lender all notices of amounts due under this paragraph: and in the event Borrower shall make payment directiv , Borrower shall prosriptly
<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 payiment of else
<br />obligation secured by such lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such Bar
<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. Borrowrer shall keep the lmprovemcnts now existing or hereafter erected on the Property insured against loss by fife,
<br />hazards included within the term "extended coverage". and such oilier hazards as Lender may require and in such amounts and for such periods
<br />as Lender ma± require; provided, that Lender =_hall not require that the amount of such coverage exceed thatamotntt of coverage rrquirtd to pay
<br />the sums secured by this Deed of Trust. - - - - -
<br />3:re insurance carrier rovid tire ins >,,.an � =t ie chosen I,- Aoreowrr subject to a
<br />p ) pproval by Lender; provided. first such approval
<br />shall not beunreasonablywithheid. All premiums on insurarwe,Wdocs shall bepwd in the rinner prtrviricdt m —jfnca
<br />-,paid insuchmanner .byBoriewezmakincpaym nt- ._w�*fez=1'•sec,uiree :€vies =3:e- tt±sura=ceearner.
<br />All insurance policies and renewals thereof stall be ir, fora acceptable ro Lender and shall irdudt a standard mortgage clause in €auor of
<br />d in form acceptable to Lender- } der shall have thr right to hoW the policies at.' , renewals thereof, and Borrower shallpromptly
<br />furnish to
<br />Lender all renewal naticc and all rrxipts of pain t rn =zm _ in he eseni of lass, Bctr<o%ct assail give prompt Patin tit the irisunrice 2*rier and
<br />lender. Lender muty reake proof of t .tss ii not mach p ompL%� t:,- Bo--- awet_. - _ -
<br />mless lender and Borrower otherwise agree to writuq, znsurance ;uocrsds shall be applied to restoration or repair of the Property
<br />damaged, provided such restoration o: repair is ecanarrtically -feasible and the security of this Deed of Trust is not thereby unpaired. lf.such .
<br />restoration or repair is net q-Cttnottticallp feasible or if ht security of this Decd of Trust would be impaired, the insurance proceeds shall be
<br />applied to ,tie sums secured by this Deed of Trust. with the excess, if anv, paid to Borrower. If the Property is abandoned by Bb rt orif
<br />Borrower fails ao rest to Lender within 30 days frot.. the date no-dce is mailed' Lander to Borrower that the insurance oairiea Off
<br />to
<br />settle a claim for insurance b rtet3ts, Lender is authorized to collect and apply the insurance proceeds at Leader's option either to restoration or
<br />ztpair of thy: Property Or to the sums secured by this Deed of-Trust.
<br />Unless Lender and Borrower otherwise agree in wt iting, any such apphcatim of proceeds to prircpal shall not extend or postpone the dare
<br />date of the monthly installments refem*d to .r; paragraphs I and 2 hereof or change the amount of such instaftmems, if paragnAph I
<br />hereof the Property is acquired by Lender, all right; titlr and into -at of Borrower in and to any insurarce- policies and its and to the procce fs
<br />t'hrasef resulting from damage to the Propett fxior to the stator acquisition shall pass to Lender to fltt extent of the sums secured -by this Deed
<br />of Trust immediately prior to such We or acquisition,
<br />6. Preservation and Maintearaee of Property; Lefteholds; Coadoasudaao; planned Ltah Developments. Borrower shall keep the
<br />Property in good repair and shall not commit waste or per mil impairment or deterioration of the '
<br />Property and shall comply wit., the provisions
<br />of an} lease if this Deed of Trust is on a lcassht+ld. If this Deed of Trust is on a unit in a condominium or a planned unit d velopment, Borrower
<br />all perform all of Borrower's obligations haler the declaration or eovrfumts creating or gavait;ng the condominium or piatttsed unit
<br />development, the by-laws and regrilatioics of the condominium or planned unit development, and constituent documents_ If a consists rum or
<br />planned unit development rider is executed by Borrower and recorded together with this Deed of Tryst, the covenants and its of such
<br />rider shah be incorporated into and shall amend and supplemitnt the covenants and agreements of this Deed of Trust as if the rider were is part
<br />hereof.
<br />',. Protection of leader's Security. If Borrower ,'ails to perform the covenants and agreeinrnts container# in this Deed of Trust, or if any
<br />action or pri ceedmo is arminenced which materially affer,.s. Lender's interest in the Property. including. but not Immed to, ointment domain;
<br />insolvett, -°y, code enforcattrnt, or arrangements yr proceedings inventing a bankrupt or decedent. ihen Lender at Lender's optician. L*pon notice
<br />to Borrower, may make such appraramca disburse such stuns and take such action as is r.ecasary to portent Lrnder's interest, bnlstdartg. but
<br />not limited to, disbursement of reason Die atterriicv = : an i fn noon the Prulirrt± ro make tapairs., If Lender required mu ter insurauLT
<br />as a condition ai making the loan secured by t *u Deed of Trust Borrowers shallpay thi• premier req d to a= in „4ff= .
<br />until such tune as the requirement for such insurance terminates in a ordance with Borrower's and Lender's written agr eement applicable
<br />law. Borrower shall ,gray the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Arty amounts disbursed by Lender pursuant to this paragraph 7. with interest thereon, shall become additional indtbtedsims of Borrower
<br />secure# ',y this Deed of Trust, Unless Borrower and ].-rider agree to other terms of payment, such amounts shall be payable upon; no-ttce from
<br />Lender it,, f3t3r;ower requesting pa, fter�f, and %haltbeat interest from the date of disburseniem at the rate payable from run, timte an
<br />,. rrutstaxu pnnctpal under tl»' k r sn ens payment mf merest at such rate would be contrary to applicable law, is which event rum amounts
<br />Arita, theta €nirre-o as the highest rate M, rrtissibie unikr a p inane law. Nothing contained in this paragraph, r shall require fender to i-neur and
<br />- t!xp'e!uW of $kt a ",w 4�11011 hefct rs: -
<br />A. tmpsrtirra,. I endzr nia'y make fit caaear ;o ht made nett.+ :.*atilt rtitr *e3 v-pc>n sn f .n3pect;ons ,3; .t;e tint -;ae r. -, ;- dr. ::;as l c s rY sea,.
<br />_ y as} . isT fe 4, lvt vtult; caue therefor -elated io doo+ er a "s t
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