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<br />womwo felaldree elleh to be add. Lender shall not be roouired to nest aenewr env interval or mandisii i .sa tha r....da t ands d.all
<br />give to Borrows, wkhoat draws, an annual a000uatieg of the Pands showing credits and debts to the Ponds and the plrpae for whbb eieb
<br />debk to the Floods: wee nade. The Fascia are pisdpd a addWonal security for the sans secured by this Deed of True.
<br />If the ataotmt of the Paads Itdd by Lelider. sopther with the future monthly installments of Puads payable prior to the due done of [aeon,
<br />awnm otl4 naranoe pri moms aid lirrend rem% deal small the amount required to pay said taus. asmements, Monosson pnmhras and
<br />goateed awn a tbay hl dace, each teases shall be. ether pr+omptyt repaid to Borrower or, to lorrower oa nwatbiy
<br />nsta§mmb of Fonle. U dw anown of the P06 bold by Leader shall not be anfllcient to lay trio, asesaaeats, maroone provisions and
<br />groand man a day fA des, loo own dml poy to Les der oay amount necessM to make up the delicie cy within 30 days from the den notice
<br />is mailed by Leader to to nom trgtseefbtgpaymwt thereof.
<br />IJpoa , ,I is fall of all eons secured by this Dad of Trust, Lender shdi promptly refund to Borrower any Funds bdd by Leader. If
<br />under paragraph 18 hoe doe Fropwty is Laid or ties Property U otherwise acquired by I Lender shall apply. no later than Immsdiatdy
<br />prior to the sale of the Property or its acquisition by Leader, any Funds bold by Lander at the time of application as a croft apimt the sums
<br />no by this Deed of false.
<br />S. AppBtadow of IP I I s. Ualew epptloabie law provides otherwise, all payments received by Lander under the Note and paragraphs I
<br />and 2 hereof shall be applad by Leader lint in payment of amounts payable to I.aader by Borrower under paragraph 2 hooreof, than to interest
<br />payable as the Note, tba to ties principal of the Now, and than to interest and principal on any Future Advances,
<br />a. Chwps; Uses. Borrower shall pay all toxss, imanmhants cad other charjes, fines and impositions attributable to the Property which
<br />tray attain a priority over this Dad of Trust, and lensbold payment or ground ram, if any. in the manna provided under paragraph 2 hereof
<br />or. if not paid is such maeaer. by Borrower mein payment. when due, directly to the payee thereof. Borrower shall promptly furnish to
<br />Leader all nodes of amounts Gee under this paragraph. and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Leader receipts eer1 , 4 such payments. Borrower shah promptly discharge any lies which has priahy over this Dad of Trust;
<br />provided, that Borrower shall cot 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 Ban in a manner s oceptable to Leader, or shall in good faith contest such lien by, or defend enforcement of such lien
<br />in. Ind proceedings which operate to prevent the enforcomeat of the lien or forfeiture of the Property or any part thereof.
<br />S. Banwd hsaaaa. Borrower shall kap the improvements now enlisting or hereafter erected on the Property insured against lea by fire,
<br />heard! Wduded within the rem "atadsd coverage '. and such Other hazards as Lender may require and in ouch amounts and for such periods
<br />a trader may require; providsd. that Lender shW as require that the amount of such coverage exceed that amount of coverage required to pay
<br />the mama seos'by this Dad of Trust.
<br />The humnonce sealer provMlag the insurance " be chosen by Borrower subject to approval by Lender; provided, that such approval
<br />dial not be ewomoaabiy wthhdd. All premium on insurance policies shall be paid in the manner provided under paragraph 2 bwwf or, if not
<br />paid in suck mmner, by lorrown making payment. when due, directly to the insurance carrier.
<br />All insurance, politic and ronewab thereof obs11 be in form acceptable to Lender and shall include a standard mortgage clause in favor of
<br />and in form acceptable to Leader. Lender shall have the right to hold the policies and renewals thereof, and Borrower shall promptly furnish to
<br />Leader all renewal notion and all tehaeipts of paid premiums. In the event of lose. Borrower shall give prompt notice to the insurance carrier and
<br />Leader. Lender may make proof of ken if not made promptly by Borrower.
<br />E Mw Leader and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br />dmmo@4 provided arch restoration or repair is economically famble and the security of this Deed of Trust is not thereby impaired. If ouch
<br />restoration or repair is act sooaomlaity, fsmd* or if the security of this Deed of Trust would be impaired, the Insurance proceeds shall be
<br />applied to the sum second by this Dead of Time, with the atcea, if any, paid to Borrower. If the Property is abandoned by Borrower, or if
<br />Borrower fails to respond to Leader within 30 dap from the date notice is mailed by Lender to Borrower that the insurance carrier offers to
<br />settle a da® for insuraroe bendpts. Leader is auebodmod to collect and apply the insurance proceeds at Leader's ofolon either to restoration or
<br />repair of the Property or to the sues secured by this Dead of Trust.
<br />Unkw Leader and Borrow otherwise agree in writing, any such application of proceeds to primpd shall nut attend or postpone the due
<br />date: of the monthly installments rderred ton paragraphs 1 and 2 hereof or change the amount of such installments. If under paragraph 18
<br />hereof the Property is acquired by Leader. all right. title and interest of Borrower in anc. to any insurance policies and in and to the proceeds
<br />thereof resulting from damps to the Property prior to the sale or acquisition shall puss to Lender to the extent of the sum secured by this Deed
<br />of Trust immediately prior to such sale or acquisition.
<br />a. Pearl and llWnana of Frelsoarn Leeseheids: Candoesimim.; Plaehd Unk Deveiepmem& Borrower shall keep the
<br />Property in tad 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 Dad of Treat is on a Newbold, if this Deed of Trust is or, a unit in a condominium or a planned unit development, Borrower
<br />shall perform all of Borrower's obUjoitiem under the declaration or covenants creatimg or governing the condominium or planned unit
<br />development, the by-laws and ragulati000 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 Dad 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 ru if the rider were a part
<br />hereof.
<br />7. Preow&m of t. awl smmky. If Borrower fails to perform the covenants and agreements contained in this Dad of Trust, or if any
<br />action or proceeding is coo mmoed which materially affects Lender's micrest in the Property, including, but not limited to, eminart domain,
<br />insolvency. code enforcement, or atteegsomtaq or proceedings invoking a Bankrupt or decedent, then Lendcr at Lender's option, upon notice
<br />to Borrower. may make ouch appearasees, disburse such sums and take such action as is necessary to protect Lender's interest, including, but
<br />not limited to. disbursement of reasonabk 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 premiums raauired 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 />lac. Borrower shall pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Leader pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />secured by this Deed of Taw. Urns Borrower and Lender agree to other terms of payment, such amounts shall be payable upon notice from
<br />Lender to Bortower requesting paI - thereof, and shall bear interest from the date of disbursement at the rate payable from time to time on
<br />artstaad<ag principal under the Note urns payment of interest at such rate would he contrary to applicable law, in which event such amounts
<br />shall bear interest at the NOW fete permissible under applicable law, Nothing contained in this paragraph 7 shall require Lender to incur any
<br />CXPeW or take any action h WVABder.
<br />8. la/enion. Loodw may Wait or cause to be trade reasonable entries upon and inspections of the Property, provided that Lender shall
<br />give Borrowr notice prior to any such inspection specifying reasonable cause therefor related to Lender's interest in the Property.
<br />9. Ceademmdm. The proceeds of any award or chum for damages• direct or consequential, in connection with any condemnation or
<br />other taking of the Property, or tract tbusof, or few conveyance in lieu of condemnaton, are hereby assigned and shall be paid to Lender
<br />In the event of a total takiy of the Property, the proceeds shall he applied io the xu:ns secured h% this Deed of Trust, with the excess, d am.
<br />paid to Borrower. In the event of a partial taking of the F"MT11t, uni rc> Hot rower and I ender otherwise agree in writing, there shall , apf+3iei
<br />to the sums wecured by this Dead of Trust such proportion of the ptcseeeds as n ectuai to that pro, - -non which the amount of the sums secured
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