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$6_._. RE-RECORDED 105288
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<br />applicablQe� i imsuch interest to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds_ Lender shall
<br />fTr% to �ir�Ov et � without charge, an annual accounting of the Funds s,xswing credits ,tud debits to the Funds and the propose f«r which -each Ir
<br />debit to the Funds was made. The Funds are pledged as additional security for 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 tatter
<br />assessments, insurance premiums and ground ruts, shall exceed the amount required to pay said cartes, assessments, insurance premiums aiad;
<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 manWy
<br />installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay tags, assessments, insurance premiums and
<br />ground rents as they fall due, Borrower shall pay to Lender any amount necessary to snake up the deficiency within 30 days from the due notice
<br />is mailed by Lender to Borrower requesting payment thereof.
<br />Leon 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 otherwise acquired by Leader. Lender shall apply. no later than immediately, -
<br />prior to the We of the Propem- or its acquisition by Lender, any Funds held by Lander at the time of application as a credit against the sums
<br />secured by this Deed of Trust.
<br />.l. Application of Payments. Unless applicable law provides 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 Borrowers under paragraph 2 hereof, then to interest
<br />payable an the Note, then to the principal of the Note. and then to interest and principal on any Future Advances.
<br />t. Cberges: Liens. Borrower shall pay 0 taxes, assessments and Other -barges, fines and impositions attributable to the Property w$xtt
<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 hermf
<br />- ' or. if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to
<br />Lender all notices of amounts due under this paragraph, and in the evenn Borrower shall make Payment directly. Borrower shall promptly
<br />furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any hen which has priority over this Deed of Trust;
<br />provided. that Borrower shall not be required ;O discharge any such leer so :Dreg as Barsowr shall agree in w icing to the payment of the
<br />obligation secured by such lien in a manner acceptable to Lender. or shall in itoM faith contest such lien hy, or defend eaforxsnean of such here
<br />in, legal proceedings which operate to prevent the -enforcement of the Ecru at forteture of the Property or any part Thereof -
<br />S. Hazard Inwasm Borrower shall keep the improvetttatts now existing 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 rn such amounts and for aich PMWft
<br />as Lender may require, provided, that Lender shall not : equi a that Ire amount of such coverage exceed that amount of sewerage required to pay
<br />The sums secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shalt be ritttsen bs Borrower subject to approval by Lender provided, that such approvA
<br />shall not be unreasonably withheld. Al! premiums on insiLmncc poluncs shall be paid in the manner provided under paragraph 2 hereof or. if not
<br />paid in such manna, by Borrower making payment, when due, direct)' to the insurance auirrter.
<br />All insurance policies and renewals thereof shall be rte form acceptable to Lender and shall include a standard mortgage clause in f rvsor of
<br />and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof, and Borrower shall promptly fmmdt to
<br />Lender all renewal notices and all receipts of paid premiums - In the event of loss. Borrower shall give prompt notice to the insurance z-sxr and
<br />Lender. Lender may make proof of loss if not made promptly cy Borrower -
<br />Unless Lander and Borrower otherwise agree in writing.. insurance proceeds shall be applied to restoration or repiur 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 security of this Deed of Tnm woui3 be impaired, the insurance prooeeds sha8 be
<br />:applied to the sums secured by this Deed of Trust, with the excess, if anp, prod to Borrower. If the Property-. is abandoned lay Borrower. or if
<br />Borrower fails to respond to Lender within 30 days from the date *oche is mailed by Leader to Ber_•rawer that the insurance carrier offers to
<br />aetde a A for insurance benefits, Lender is authored to c onect and apply The insurance proceeds at fewer °s option -either to restaeat ion or
<br />_repair of the Property or to the sums secured by this Deed of Trust.
<br />Unless Lender end Borrower otherwise agree in writing, am such application of proceeds to principal shall nix extend or vostarive the due
<br />,date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of :tech msLtmenn. If under paragraph IS
<br />hereof the Property is acquired by Lender, all right, title and interest of Borrower in and to am insurance polides and in and io the ptoettds
<br />xltereof resulting from damage to the Property prior to the sale or acquisition shat! pass to Lender to the extent of the sums secured by this Deed
<br />of Trost immediately prior to such sale or acquisition.
<br />i Tee "odom ad 111dailemenee of Tropow- LawhoiiF Candao"mag Pinned Urn Deteto/ds. Borrower shall keep the
<br />Property in good repair and shall not commit wane or permit impairment or deterioration of the Property and shall comply with the proviticais
<br />of am lase if this Deed of''.ust is on a leasehold. If this Deed of Trost is on a unit in a condominium or a planned unit development- Borrower ,
<br />shall per ,,orm all of Borrower's obligations under the declaration or covenants creating or governing the condominium air planned uhh
<br />development, the by-laws and regulations of the condominium or planned unit develicipmem and rnnsaitt eme documents. If a condominium 4--,
<br />planned emit development rider is executed by Borrower and recorded together with this Deed of Tract, the covenants and agreements of such
<br />ride shall be incorporated into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the ride were a part
<br />hereof_
<br />1. Prouctko of Leader's Seearity, If Borrower fails TO perform the covenants and agreements contained ii this Deed of Trust, or if any
<br />_ action or proceeding is commenced which materially affects Larder`s interest in the Property, including but uce limited to, eminent dotttain,
<br />insolvency, code enforcement, or arrangements at proceedings involving a bankrupt or decedent, that Lender at Lender's
<br />option, ttptm notice
<br />Jo Borrower, may make such appearances, disburse such sums and take such action as is necessary to protect Larder's interest. induditic !=,
<br />am limited to, disbursement of reasonable attorney's fees and entry upon the Property to make repairs. if Lender requuzed mortgage itsurattce
<br />as a condition of ttutkitrg the loan secured by this Deed of Trust Borrower shah pay tic premiums required to maintain such insurance i$ e
<br />- auttfl such time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or appiirahle
<br />Law. Borrower shall pay the amount of all mortgage insurance premiums in the manner provided under
<br />paragraph 2 hereof.
<br />Any am—m:nts disbursed by Lender pursuant to this paragraph ?, with interest theme. shall became additional indebtedness of Borrows
<br />secured by this Deed of Trust. Unless Borrower and Lender agree to other terms of payment, such amounts shall be
<br />Iu1Yab>e upon notice from
<br />Lender to Borrower requesting payment thereof, and shall bear interest from the date of disbursement at the rate payable from tie to time on
<br />outstanding principal under the Note unless payment of interest at such Tarr would be contrary to applicable law, in which even such amotaits
<br />ahalf bar interest at the highest rate permissible unto applicable law. Nothing contained in this paragraphs ? shall require Lender to itr ter any
<br />expense at take any action hereunder.
<br />S. lanupaerion. Lender may make or cause to be made reasonable entries upon and inspections Of the Property. provided that Lender sisal
<br />give Borrower notice prior to any such inspection specifying reasonable cause therefor relarea to Lender's interese in the Property.
<br />p. CAreeulfoa. The proceeds Of any award or claim for damages, direct Or consequential. in connection with any condemns kon o=
<br />Other taking of the Property, or pan thereof, or for conveyance to lieu of condemnation, are hereby assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to :itc sunny I&zured by this heed of Trust, with tine c k e-ss, :t arc_.,
<br />;aid to Bortower. In the event of a partial taking of the Property, unless Borrower and L,erder otherwise agree in wnt.ing, there shall he app4c In tht ±urns seruted by this L),- -d of Trust such proportion o! the proceeds a, }, equal to :hat proportion winch On emojttt of 1 -nr :.urns stc- :r;
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