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<br />applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Leader shall
<br />give to Borrower, without charge, an Annual ismounting of the Funds showing credits and debits to the Funds and the purpose for which each
<br />debit to the Funds was made. The Funds are pktlpd as additional security for the sutra secured by this Deed of Trust,
<br />If the amount of the Funds held by Lander, topidw with the future monthly installments of Funds payable prior to the due dates of taus,
<br />anuuments. Insurance produms and ground rents, shall exceed the amount required to pay raid taxes, aoeumaw, Insurance preaallems and
<br />grouted rests as they fall due, amcb exniws shall be, at Doi. owsc's option, either promptly repaid to Borrower or credited to gear~ on momMy
<br />Wgsk mu of Funds. tf the amomlt of the Funds held by Lestda shall not be sufficient to pay taxes, Musa emur, insurance premiums and
<br />ground mss as they fag due, Borrow" shag pay to Lander any amount necessary to make up the deficiency within 30 days from tiler date nuke
<br />is mraied by Lade to Borrower requesting payment thereof.
<br />Upon payment in fug of all rune secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Leerier. If
<br />I nder paragraph I bereof the Property is sold or the Property is otherwise acquired by L ender, Lender shag apply. no later than immediately
<br />prior to the ale of the Property or its acquLldon by Leader, any Fun& held by L.encler at the time of application as a credit against the sums
<br />secured by this Deed of Trust.
<br />3. Ap/raMfaa of Payment. Unka applicable law provides otherwise, all payments received by Lender under the Note and paragraphs 1
<br />and 2 hereof shag be tppged by Lander first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br />payable on the Note, then to the principal of the Note, and then to interest and principal on any Future Advaaces,
<br />4. Marcie; Leine. Borrower shall pay all taxes, asasstttents and other charges, finest and impositions attributable to the Property which
<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 hereof
<br />or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shag promptly furnish to
<br />Lender all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Lender recespts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Deed of Trust
<br />provided, that Borrower shag 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 manna acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such den
<br />in, legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. IiaoM Insurance. Borrower shad keep the improvements now existing or hereafter erected on the Property insured against loss by five,
<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 Lender shad not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the sumo secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shad be chosen by Borrower subject to approval by Lender; provided, that such approval
<br />shad not be unreasonably withheld. Ad premiums on insurance policies shad be paid in the manner provided under paragraph 2 hereof or, if not
<br />paid in such manna. 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 Leda. Lender shall have the right to hold the policies and renewals thereof, and Borrower shall promptly furnish to
<br />Lai der all renewal notices and all receipts of paid premiums. In the event of loss, Borrower shad give prompt notice to the insurance carrier and
<br />Lender. Ltsada may make proof of loss if not made promptly by Borrower
<br />Unka I order and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br />damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trust is not
<br />restoration a repair is not economically feasible a if the security of this Deed of Trust would be impaired, insurance ta��' If such
<br />applied to the sums secured by this Dad of Trust, with the excess, if any. pair! to Borrower. if the P the pndoned proceeds shad be
<br />Property is abandoned by Borrower, or if
<br />Borrower fads to respond to Lender within 30 days from the date notice is nailed by Lender to Borrower that the insurance carrier offers to
<br />settle a claim for insurance benefits. Lender is authorized to collet, 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 Trust.
<br />Unless Leader and Borrower otherwise agree in writing. any such application of ptoceeds to principal shad not extend or postpone the due
<br />dart of the moothly imsuBments referred to in paragraphs I and 2 hereof or change the amount of such instalments. if under paragraph 18
<br />hereof the Property is acquired by I nettles, all right, title and interest of Borrower in and to any insurance polities 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 sums secured by this Deed
<br />of Trust immediately prior to such seek or acquisition.
<br />ti. Pwsavu& m alas hie** momm of Property: Leaseholds; Coudoattdassa: Pla se d Unit DevWopnoma, Borrower shall keep the
<br />Property in good repair and shad rim commit waste or permit impadrment or deterioration of the Property and shall comply with the provisions
<br />of any lease if this Deed of Trust is on a Wasehold. I£ this Deed of Trust is on a unit in a condominium or a planned unit development, Borrower
<br />slim) perform all of Borrower's obligations under the declaration or covenants creating or governing the condominium or planned unit
<br />development. this by-laws and regulations of the condominium or planned urint de%clopmennt, and constituent documents. if a condominium or
<br />planned unit development rider is executed by Borrower and recorded together with thus Deed of Trust, the covenants and agreements of such
<br />rider shalt be incorporated into and shad amend and supplement the covenants and agreements of this Dees! of Trust as if the rider were a part
<br />hereof,
<br />7. Proesetlom of L.amdn's sky. If Borrowe: falls to per form the , ovenants and agreements contained in this Decd of Trust, or if any
<br />action or proceeding is commenced which naterialir affects Lenders trite,est to the Property, including, but not limited to, eminent domain,
<br />insolvency, code enforcement, or arrangements or proceedings mvolvtng a 7:ankrupt or decedent, then t_cnder at Lender's option, upon notice
<br />to Borrower, may make such appearances, disburse such sutras and take such action as is necessary to protect Lender's interest, including, but
<br />riot limited to, disbursement of rasonabk attorney's foes and entry upon the Property to make repairs I f !ender required mortgage insurance
<br />as a condition of making the loam secured by thts Deets of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />until such Wee as the requirement for such insurance terminates in accordance with Borrower's and Lender's wrnten agreement or applicable
<br />taw. Borrower shall pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by I emdet pursuant to this paragraph 7, with Interest Ihercon, shad beeomc additional indebtedness of Borrower
<br />secured by this Deed of Trust. Unier Btxrower and (ender agree to other terms of payment, such amount, shall be payable upon notice from
<br />Lender to BOrrowtr requesting payment thereof, and shad bear interest from :he 3aec of dtshurserncnt at the rate payable from time to time On
<br />outatarmh% prirlCipN under the Nole unless payment of interest at such late wc,uid be cone ary 1-1 applicable law, in which event such amounts
<br />shall bat interest at the NOW rate permissible under applicable law !Nothing contained in flits iwragraph ? shall require Lender to incur any
<br />expense a take any atdon besauader.
<br />11. 1 1 1-mm. Lender may matte or cause to be made reasonable entrees upor, and inspetintus of the Property, provided that Lender shall
<br />give lkwr~ notice prior to any such inspection specifying reasonat.ie cause ihcrr. for r elated to Lender', interest to the Property.
<br />1° Comdun robe. The proceeds Of any award or (lain) for damages, dire:.t "n :.ursequrntiai, to :onnrc.nun with any condemttdtiuh or
<br />"char taking of the Property, or part thereof, of for conveyance to hen rat condrinnal Ion.:it • heretrs tusigncd and shall he paid to Lender
<br />In the "Mt of a rOla) liking Of ehe Property, the proceed, shdil he npptpvl te> t hr at,;ns asti urrd h, this I )end .+f i iutst, with the ex(hs, !! an,
<br />pasd to teerrown in the event of s partial takinus of the Propetty union. Ilorr,•wcr �nd I ender other wtsc aiercx in writing, their shall he app<ecai
<br />10 for -wants sa°ured by this deed of Trim such ps"F'of wn of the i >nw:.e,vis ern :, er=a -.era +o •hat s.r„tw,t tn,tt witch the amount of the suns sr""'t
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