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S&-w 105400
<br />If Borrower pays Funds to lender, the Funds shall be held in an institution the depo %its or accounts of which are
<br />insured or guaranteed by a Federal or state agency (including Lender if lender is such an institution). bender shall apply
<br />the Funds to pay said taxes, assessments. insurance premiums and ground rents. Lender may not charge for so holding
<br />and applying the Funds, analyzing said account or verifying and compiling said assessments and bills, unless Lender
<br />pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender
<br />may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower,
<br />and unless such agreement is made or applicable law requires such interest to be paid, Lender shall not be required
<br />to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without charge, as annual
<br />accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was
<br />made. The Funds are pledged as additional security for the suns 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
<br />the due dates of taxes. assessments. insurance premiums and ground rents, shall exceed the amount required to pay said
<br />taxes, assessments, insurance premiums and ground rents as they fall due. such excess shall be. at Borrower's option,
<br />either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the
<br />Funds held by Lender shalt not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall
<br />due. Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender
<br />may require.
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any
<br />Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by
<br />Lender, Lender shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any
<br />Funds held by Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. Appillea eew of Payeewb. Unless applicable law provides otherwise. all payments received by Lender under
<br />the Note and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by
<br />Borrower under paragraph 2 hereof, then to interest payable on the Note. and then to the principal of the Note.
<br />4. Prior Meet=ageto and Duds of Trost; Charges; Liens. Borrower shall perform all of Borrower's obligations
<br />under any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust,
<br />including Borrower's covenants to mate payments when due. Borrower shall pay or cause to be paid all taxes,
<br />assessments and other charges, fines and impositions attributable to the Property which may attain a priority over this
<br />Deed of Trust. and leasehold payments or ground rents, if any.
<br />S. Nattered lowrawee. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage ". and such other hazards as Lender
<br />may requite and in such amounts and for such periods as Lender may require.
<br />The insurance earner providing the insurance shall be chosen by Borrower subject to approval by Lender: provided.
<br />that such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form
<br />acceptable to Leader and shall include a standard mortgage clause in favor of and in a form acceptable to Lender.
<br />Lender shall have the right to hold the policies and renewals thereof. subject to the terms of any mortgage. deed of trust
<br />or other security agreement with a lien which has priority over this Deed of 'Trust.
<br />In the event of loss. Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof
<br />of loss if not made promptly by Borrower.
<br />If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date
<br />notice is mailed by Lender to Borrower that the insurance earner offers to settle a claim for insurance benefits. Lender is
<br />authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the
<br />Property or to the sums secured by this Deed of Trust -
<br />6. Peteser vaden Mind Mainse Mi ics of Property: Lauseholds; Condominium; Pbuuwd Unit Developments. Bor-
<br />rower shall keep the Property in good repair anti shall not commit waste or permit impairment or deterioration of the
<br />Property and shall comply with the provisions of any lease if this Deed of 'Trust is on a leasehold. If this Deed of Trust is
<br />on a unit in a condominium or a planned unit development. Borrower shall perform all of Borrowers obligations under
<br />the declaration or covenants :seating nr governing the condominium or planned unit development, the by -laws and
<br />regulations of the condominium or planned unit development. and constituent documents.
<br />7. Preactlen of Leader's Security. If Borrower fails to perform the covenants and agreements contained in this
<br />Deed of Trust, or if any action or proceeding is commenced which materially affects Lender's interest in the Property,
<br />then Lender, at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums. including
<br />reasonable attorneys' fees, and take such action as is nece�°.ary to protect Lender's interest. if Lender required mortgage
<br />insurance as a condition of making the loan secured by this Deed of Trust. Borrower shall pay the premiums required to
<br />maintain such insurance in effect until such time as the requirement for such insurance terminates in accordance with
<br />Borrower's and Lender's written agreement ter applicable law.
<br />Any amounts disbursed by Lender pursuant to this paragraph with interest thereon, at the Noe rate. shall
<br />become additional indebtedness of Borrower secured by this Deed of - Trust. Unless Borrower and Lender agree to
<br />ether terwis of payment. such amounts shad be payable upon notice trom Lender to Borrower requesting p yment
<br />thereof. Nothing contained in this paragraph' shall require Lender t,o incur any expense or take any action hereunder.
<br />a. Inspection. (.ender may make or cause to be made reasonable entries upon and inspections of the Property.
<br />provided that Lender shall give Borrower notice prior to any such inspection specifying reasonable pause therefor
<br />related to Lender's interest in the Property.
<br />4, CMdeoaaattiea. The proceeds of any award or claim for damages..iirect or consequential. in connection with
<br />any condemnation or other taking of the Property, or part thereof. or for conveyance in lieu of condemnation. are
<br />hereby assigned and shall be paid to Lender, subject to the terms of any mortgage, deed of trust or oihrr sccurit} agree-
<br />ment with a lien which has priority over this Deed of Trust.
<br />10. So owes Not Aorleo d; Forbearance By Lender Not a Waiver. Lxiension A the time for payment of
<br />modification of amortization (,if the sums secured by this Deed of Trust granied by Lender to ;env succtcsor in ant, °refit of
<br />Borrower shall not e»perate it) release, in any manner, the liability- of the original Borrower and floret :wt. r s to
<br />intirmt. Lender shall neat be required to commence proceedings against such successor ktr retuse Ill eyie ittt Time for lies
<br />ment or otherwiw modify amortization of the sums secured by this Drell 4 i'rust 1br re.ison of ato ,irriiand rna d r t,% th
<br />d,wiginal Borrower and Borrowv % .uicCSstom in intermt. Any trwbraram.,v hs Derider tri ari', tlj!,ht cat t,'l1edge
<br />tioereunder. of cytherwivt. ,Afforde -d by applicable bow. ,hall trot ht a waive °t .,t , t t r_.. tile• e%cr4t.e . =t ill% ,fat ; q:11 'r
<br />remedy
<br />11. Surcessers and ,A*ri#s fiountii inlet and %ercnl tiabilltys Cti.sianen, Pic
<br />Nertiti to, ?? :;',1
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