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86..w-' 105715
<br />applicable law requires such interest to be paid. Lender shall not be required to pay Borrower any burnt or earnings oa the Funds. Leader shall
<br />live to Borrower. without charge, an antral accounting of the Funds showing credits isad debits to the Funds tend the purpose for which acb
<br />debit to the Funds was made. The Funds arc pisdpd u additional security for the tunas starred by this Dad of Trost.
<br />if the amount of the Funds held by Leader, together with the future monthly installments of Funds payable prior to the due data of hum,
<br />msetmeas, memanoe praaiuses and ground rats, shall errand the amou t regtdnd to pay said texts, ateeaaeate, ittsutmm prmdmu and
<br />proud raw a>s they fall due, such aeons shall be, at Borrower's option. either promptly repaid to Borrower or credited to Borrower on monthly
<br />iaRarasna of Funds. If the awomat of the Funds hold by IRaler shall not be stifRcieat to pay man, anent a, inearmer premium and
<br />ground tries as they fall due, Borrower shah pay to Lander any asaunt necessary to make up the deficiency within 30 days from the date notice
<br />a marled by Leader to Borrower requesting payment thereof.
<br />Upon payment in fall of all am secured by this Deed of Trust. Lander shad promptly mhmd to Bomywa any Fad, held by I adder. If
<br />under parapraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender. Lender shad apply, so iota than immediately
<br />prior to the aide of the Property or its acquisition by Leader, any Funds held by Leader at the time of application as a credit agoiast the sums
<br />wand by title Deed of Trust.
<br />3. Ap/Be idate d Pay asMS Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs 1
<br />and 2 hereof shall be applied by Lauder fins in payment of amours payable to Leader by Borrower under paragraph 2 bercof. then to interest
<br />payable on the Now then to the principal of the Note, and then to interest and principal on coy Future Advances.
<br />4. Chni s; Use. Borrower shall pay all taxes, assesaisents and other charges, fines and impositions attributable to the Property which
<br />may attain a priority over this Deed of Trust, and leasehold payments or ground rears, if any, in the manna provided under paragraph 2 hereof
<br />or, if not paid is such manner, by Borrower making payment. when due, directly to the payee thereof. Borrower shad promptly furnish to
<br />Lender all notices of amounts due under this paragraph, and in the event Borrower shall snake payment directly. Borrower shall promptly
<br />funsudi to Leader receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Deed of Trust;
<br />provided. that Borrower shall not be required to discharge any such lien so bog as Borrower shall agree in writing to the payment of the
<br />obligation secured by such Bea in a manner acceptable to Lender. or shall in good faith contest such lien by, or defend enforcement of tech lien
<br />ice, legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Bari+ iwearasoe. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire,
<br />hazards iadtaded within the tam "exteaded coverage ", and such other hazards as Leader may require and is such amounts and for such periods
<br />so Leader any requis provided, that Leader shall not require that the amount of such coverage exceed that amount of coverage required to Pay
<br />the oats secured by this Deed of Trust.
<br />The dnsumaaoe earlier providing the insurance shad be chosen by Borrower subject to approval by Lender; provided, that such approval
<br />shad ant be tareasonabty withheld. All premiums on insurance policies shad be paid in the manna provided under paragraph 2 hereof or, if not
<br />paid in such maoser, by Borrower making payment, when due, directly to the insurance carrier.
<br />AB moon ame policies and renewals thereof shall be in form acceptable to Lender and shad include a standard mortgage clause to favor of
<br />and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof, and Borrower shad promptly furnish to
<br />Leader all resewai notiw and all receipts of paid premiums. In the event of loon. Borrower shad give prompt notice to the insurance carrier and
<br />Leader. Leader may snake proof of loss if not trade promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shad be applied to restoration or repair of the Property
<br />damaged, provided such restoration or repair is economically feasible and the security of this Dad of Trost is not thereby impaired. if such
<br />restoration or repair a not economically feasible or if the seerrity of this Deed of Trnst would be impaired, the home tme proceeds shall be
<br />applied to the state sealed by this Deed of Treat. with the excess. if any. paid to Borrower. If the Property is abandoned by Borrower. or if
<br />Borrower fails to respond to Leader within 30 days from the date notice is mailed by Leader to Borrower that the instance carrier offers to
<br />settle a claim for insurance beadus. Lender is authorised to cohiaa and apply the insurance proceeds at Lende:'i option either to restoration or
<br />repair of the Property or to the sus secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, easy sacs appicatwu of proceeds to principal shad not attend or postpone the due
<br />date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of such imtaBmeats. if under paragraph 18
<br />bemf the Property a acquired by Leads, all right, title and imaest of Borrower in and to any insurance polities and in and to the proceeds
<br />thereof resulting from daange to the Property prior to the sale or acquisition shall Pau to Leader to the adeffi of the arms sea by this Deed
<br />of Trust immediately prior to rich sale or woquidtion.
<br />L Prasix f and 1MeitNeaases at Pnperq; LeassbMq Cwodomki as; Pleased Unit Dew opmoo$L 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 Twat is on a leasehold. If this Deed of Trust is on a unit in a condominium or a pleased unit development, Borrower
<br />shad perform all of Borrower's obligations under the declaration or covenants creating or governing the condominium or planned unit
<br />development, the by -laws and regulations of the condominium or planted 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 Trent, the covenants and agreements of such
<br />rider shad be incorporated into aid shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a part
<br />haeOC
<br />9. Prencliea of L.tmdoeB SecooMy If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any
<br />action or proceeding is commenced which materially affects L.endu's interest in the Property, including, but not limited to, eminent domain,
<br />insolvency, code enforcement, or arrangements or proceedings involving a bankrupt or decedent, chen Lender at Lender's option, upon notice
<br />to Borrower, may make such appearances, disburse such sums and take such action as is necessary to protect Lender's interest, including, but
<br />not limited to, disbursement of reasonable attorney's fen and airy upon the Property to make repairs. if Lender required mortgage insurance
<br />as a condition of making the loon secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />until arch 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 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 Trust. Unless Borrower and L lender agree to other terms of payment, such amounts shall be payable upon notice from
<br />Lender to Borrower requesting payment thereof, and shad bear interest from the date of disbursement at the rate payable from time to time on
<br />outstanding principal undo the Note mnhat payment of interest at such rate would be contrary to applicable law, in which event such amounts
<br />shill bar interest at the highest rate permissible under applicable law. Nothing contained in this paragraph 7 slid require Lender der to incur any
<br />capers or take any action barawrder.
<br />L
<br />1. Imspeealam. Leader nay sake or cause to be made reasonable entries upon and inspections of the Property. provided flat Lender shall
<br />give Burrower notice prior to any such inspection spedfosig reasonable cause therefor related to Lender's interest in the Property.
<br />!. CadetmmYas. 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 part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Leader.
<br />to the event of a total taking of the Property, the proceeds shall be applied to the sutra secured by this Deed of Trust, with the excess, us any,
<br />paid to Borrower. to the event of a partial taking of the Property, unless Borrower and Lender otherwise agree in writing, there shall be applied
<br />to the sums secured by ruts Deed of That such proportion of the proceeds as a equal to that proportion whtch the amount of the arms wcured
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