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<br />RE-RECORDED
<br />86.,,105495 86--. 105580
<br />applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shah
<br />give to Borrower, without clnarp, an annual accounting of the Funds ,bowing credits and debits to the Funds and the purpose for which arch
<br />debit to the Funds was made. The Funds are pledpd as additional security for the sums secured by this Deal 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 dam of tortes,
<br />asessismasts, insurance prwniunu and ground netts, sha8 exceed the amount required to pay said taxes, mn m U, insurance premiums nd
<br />grand rents u they fall due, such sacese shell be. at Bestowal's option, either promptly repaid to Borrower or credited to Borrower on mouWly
<br />iawsltmwha of Pundit. If the amount of the Funds held by Lender shall not be sufficient to pay taxes, aaowments, insurance premiums and
<br />ground rim as they fall dues. Bestow— shall pay to Leader any amount necessary to make up the deficiency within 30 aye from the date notice
<br />is mailed by Iaader to Borrower requesting payment thereof.
<br />Upon payment in full of all soma secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by tender. If
<br />under paragraph IS bevel the Property is sold or the Property is orhes-wiw acquired by Lender, Lender shall apply, coo later than immediately
<br />prior to the ask of the Property or its acquisition by Lender, any Funds held by Lender at the time of application as a credit against the sums
<br />secured by this Dud of Trust.
<br />3. Application of Paymsnls Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs I
<br />and 2 hereof shag be apptkd by Lenrder first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br />payable on the Note, than to the principal of the Note, and then to interest and principal on any Future Advances.
<br />1, Chaps Uses. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to the Property which
<br />may attain a priority over this Dead of Trust, and hasehold payments or ground rents, if any, in the manner provided under paragraph 2 hereof
<br />or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower sbaB promptly furnish to
<br />Lender all notices of amounts due undo this paragraph, and in the event Borrower shall make payment directly. Borrower shall promptly
<br />furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Dad 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 />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 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. H l Innraaee. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against bas by fire,
<br />hazards included within the tam "extended coverage ", and such other hazards as Lender may require and in such amounts and for such periods
<br />as Lender may require; provided, that Lander shall not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the sums 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 />shell not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner provided under paragraph 2 hereof or, if not
<br />paid in such manner, by Borrower making payment, when due, directly to the insurance carrier.
<br />All insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage clause in favor of
<br />and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof, and Borrower shall promptly furnish 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 carrier and
<br />Lender. lender may make proof of Ion if not made promptly by Borrower.
<br />Unless Leader will Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br />damaged, provided rich 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 tam economically feasible or if the security of this Deed of Trust would be impaired, the insurance proceeds shall be
<br />applied to the stems secured by this 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 Lertda within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to
<br />settle a claim for insurance benefits. 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 Trost
<br />Unless I ender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due
<br />due of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of such installments. If under paragraph 18
<br />hereof the Property is acquired by Lender, 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 Lender to the extent of the suns secured by this Deed
<br />of Trost immediately prior to such sak or acquisition.
<br />6. Peassaif dos and Mamasienes of Properly; Leaseholds; Coadoedmlams; Planned Unit Developomwos Borrower shall keep the
<br />Property in good repair and shall not commit waste or permit 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 urn in a condominium or a planned unit development, Borrower
<br />shall perform all of Borrower's obligations under the declaration or cosenants 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 rider 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 rider were a part
<br />hereof.
<br />7. Protection of Lea /er's9aearity. If Borrower fails to periorin the :ov -rants and agreements contained in this Deed of Trust, or if any
<br />action or proceeding is commenced which matenalty affects Lencicr's merest !n the Property, including, but not limited tr eminent domain,
<br />insolvency, code enforcement, or arrangements or proceedings ins olv:ng a ::ar4 r opt decedent, then Lender at Lender's option, upon notice
<br />to Borrower, may snake such appearance s, disburse such stuns and take tua:h action as is necessary to protect Lender's interest, including, but
<br />not 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, Borrowc- 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 Borr ewer's and t ender's written agreement or applicable
<br />law. Borrower shall pay the amount of W mortgage imurutce premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7. with interest thereon, .hail hest omc additional indebtedness of Borrower
<br />secured by this feed of Trust. Unless Borrower and lender agree to other terms of payment, such arnounts shall be payable upon notice from
<br />Lender to Borrower requiting payment thereof, and shall bear tnietest from the date of dist,urscment ei the rate payable from time to time on
<br />outstanding principal under the Note unless payment of interest at such rate would ter• ,ontrars I, apphwbie law, in which event such amounts
<br />shall bear interest at the highest rats permissible under applicable law. Nothing contained .n !rats paragraph 7 shall require Lender to incur any
<br />expense or take any action hereunder.
<br />S. I 11 Loader may make or cause to he made reasonable entries up n and inspections of the Property, provided that Lender shall
<br />give Bonowa notice prior to any such inspection specifying reasonable cause therefor related to t endci's interest to the Property.
<br />6. Caauiresruaslaa. The proceeds of any award or claim for damage,. dire't L,f ;onsequcnual, in connection with any condemnation or
<br />other taking of the Property, or part thereof, or for conveyance in hcu of cnndcntnancai, a heret•y assigned and scull be Md to Lender
<br />In the event of a total takingof the Property, the proceeds thrill he apphnl to ire 'u =ne tesireO hit tits l teed of 1 rust, with the excess, it um,
<br />pail to Borrower In the event offs partial taking of the Property, unless Ito:. —ei and t ender othetwitc agree to writing, there shall te! apphN
<br />to the sums secured try this Deed of Trent such proportion of the cart Gerd, as 11 ryual ,o ihat prvt`•n, l ,stunk the amount of the +urns secured
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