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<br />applicable law requires such interest to be paid, lender shall not be required to pa Borrower rower any interest or earning on the Funds, Lander shall
<br />give to Borrower, without charge, an annual accounting of the Funda showing credits cued debit$ to the Funds and the purpose for w" Cush
<br />debit to the Pundit was made. JU Funds are pledged as additional security for the stems secured by this Dead of Tnat,
<br />if the amount of the Funds held by L ender, together with the future monthly Watallmeots of Funds payable prior to the due data of taxes,
<br />assessments, insurance pendants and ground rags, Shall atceed the amount required to pay said taxes, annwbmu, insnri na premium and
<br />grotiad ceases as they fail due, web mom "be. at Borrrows's option. either promptly re*d to Borrower or credited to Borrows on OWN*
<br />i wtWhM MS of Ptmds. U the atnmtowat of the Foods bell by Lends shall not be sufficient to pay taxes, namnenu, insurance premiums and
<br />ground rests as they fan due, Borrows shall pay to Leader any amount necessary to maize up the deficiency within 30 days from dw date motive
<br />is mailed by Leader to furrows regtreuft payment thereof.
<br />Upea payment is fell of an sums assured by this deed of Trust, Lender shall promptly refund to Borrower any Funds held by Leader. If
<br />under paragraph lg her the Property is sold or the Property is otherwise acquired by L ender. Lender shall apply, so hats than immediately
<br />prior to the sole of the Property a its acquisition by Lender. any Funds Iteld by Lender at the time of application as it credit against the sums
<br />secured by this Deed of Trust.
<br />3. Ap ikedan of Patytleats. Ualtafs applicable law provides otherwise, all payments received by Lender under the Note and paragraphs I
<br />and 2 hereof shall be applied by Lender fist in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br />payable oa the Note, than to the principal of the Note, and then to interest and principal on any Future Advami a.
<br />{, C1ellies; Uses. Borrower shall pay all taxes, assessments and otter charges, fines and impositions attribuit" to the Property which
<br />may attain a priority over this Deed of Trust, and kisselsold payments or ground rents, if any, in the manner provided unJer pa MW* 2 heneof
<br />or, if mot paid in such mismer, by Borrower malting payment. when due, directly to the payee thereof. Borrower sW promptly furnish to
<br />Lender all nodoes of amounts due under this paragraph, and in the event Borrower shall make payment directly. Borrower shall promptly
<br />furnish to Lender receipts evidencing Stich payments. Borrower shall promptly discharge any licit 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 />oblig atiom Secured by vide lien in a mummer acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien
<br />in, legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S, Mensal Insaraace. Borrower stall keep the improvements now existing or hereafter erected on the Property insured against logs by fire,
<br />hazards included within the term "ettended coverage ", and such other hazards as Lender may require and in such amounts and for such periods
<br />as Lender may require; provided, that Leader shalt not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the cams secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided. that such approval
<br />Shag out be unressooaWy withheld. All premiums on insurance policies shall be paid in the manner provided under paragraph 2 hereof or, if not
<br />paid in such minas, by Borrower malting payment, when due, directly to the insurance camcr.
<br />All insurance policies and renewals thereof shall be in farm acceptable to Lender and shall include a standard mortgage clause in favor of
<br />and in fpm acceptable to I ender. Lender Stull have the right to hold the policies and renewals thereof, and Borrower shag promptly furnish to
<br />Leader all renewal notice& and all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br />Lender. Leader may make proof of loss if not made promptly by Borrower.
<br />unless Leader and Borrower otherwise agree in writing. insurance proceeds shall be applied to restoration OF repair 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 mot economically fusible or if the security of this Deed of Trust would be impaired, the izsurama proceeds shall be
<br />applied to the sums secured by Ws Deed of Trust. with the excess, if any. paid to Borrower. if the Property is abandoned by Borrower, or if
<br />Borrower fails to respond to Leads within 30 days from the date notice is maiiod by Lender to Borrower that the insurance carrier offers to
<br />settle a tdains for insurance benefits, Lends is authorized to collect and apply the insurance proceeds at Lender's optim either to restoration or
<br />repair of the Property or to the sums secured by this Deed of Trust.
<br />Unless I.eode and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend or postpone the dune
<br />date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such installments. If tinder paragraph 18
<br />hereof the Property is acquired by Le idw, all right, title and interest of Borrower in and to any insurance policies and in and to the proceeds
<br />thereof resulting from damage to the Property prior to the sale or acquisition shall pass to Loader to the extent of the stems secured by this Deed
<br />of Trust immediately prior to such sale or acquisition.
<br />ti. ressssaden and NWabaance of Property; Leasebe is: Coaiomin aau: pleased Usk Devda/esrab. Borrower shall keep the
<br />Property in good repair and shall not commit waste or permit impairment or deterioration of the Property and Shull 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 planned unit development. Borrower
<br />shall perform all of Borrower's obligations under the deciatation or covenants creating or governing the condominium or planned unit
<br />development, the by -laws and regulations of the condominium or planned unit development, and constituent documents. if a condominium or
<br />planned unit development rdder is executed by Borrower and recorded together with this Deed of Taut, 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 rider were a part
<br />hereof.
<br />7. PrvMCUoa of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this Deed of Truest, or if any
<br />action or proceeding is commenced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain,
<br />insolvency, code enforcement, or arran cleans or proceedings invoivmg a 'bankrupt or decedent, then Lender at Lender's option, upon notice
<br />to Borrower, any snake such appearances, disburse such stems and take such action as is necessare to protect Lender's interest, including, but
<br />np limited to, disbursement of reasonable attorney's fees and entry upon the Property to make repairs. If Lender required mortgage insurance
<br />as a condition of making the loan Secured by this Deed of Trust, Borrower shall pay the premium, 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 ;inner paragraph 2 hereof.
<br />Any amounts disburaed by Leader pursuant to this paragraph 7, with mierest thereon, ,hail bri omc additional indcUedness of Borrower
<br />secured by this teed of Trust. Unless Ilosrower and tender agree to other terms of payment, such amounts shall be payable upon notice from
<br />Lender to Borrower requesting payment thereof, and shall bear interest from the date of disbursement at the rate payable from time to time on
<br />outstanding principal tender the Note unless payment of interest at such rate would be cuntrary to applicable law, in which event such amounts
<br />shall bear interest at the highest rate permissible under applicable law. Nothing contain -d in this paragraph 7 shall require Lender to incur any
<br />sex, d of tam any action hereunder.
<br />8. Inspection, Leader may make or cause to be trade reasonable entries upon and inspections of the Property, provided that Lender shall
<br />give Borrowd notice prior to my such inspection specifying reasonable cause therefor related to Lender's interest in the Property.
<br />f. Coaivessaal". The proceeds of any award or claim for damages, direct or •consequential, in connection with any condemnation or
<br />other taking of the Property. or pall thereof, or for conveyance in 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 shalt be applied to tic ;amt ucurrd h, I his Decd of T rust, with the excess, it anus,
<br />paid to Borrower In the event of a partial taking of the, property, unless Foot rower and I ender otlierwiwe agree in writing, there shall be applied
<br />to the sunaw xcured by this Deed of Trust such proportion of the prtrcer-1, erg to ewi.rl , , itiat M-0 -tie +n which the amount nl the sums wn:wcd
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