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86-' 105731
<br />applicable law requires such interest to be paid, Lender shaft trot be required to pay Bottom my interest or ara ap on the Funds. Leader shall
<br />give to Borrower, without charge, an annual accounting of the Funds showing errdha used debits to the Funds and the purpose for which each
<br />debit to the Future wu made. The Funds are pidpd u additional saarity for tbamtma ncund by this Dad o( Trust.
<br />If the amount of the Fooda held by Lender, taptber with the !Mare aaontidy iastalbovi is of 1?wdds I-) I is prior to the due data of taxes,
<br />aaasasaaeants, insurance pdaitemt and dtottad !rata. dial aoaad tie anoemt regsirrd a pay saN taaas, amaadaaatts, iswerance prenhhhrr dad
<br />gtotadrivals in they fag doe, inch cow shall ben. at ]Isrrotwr'saptioa. either Promptly repaid to Boerown ore eo Barorsr era asonthlir
<br />iastelmwa of pMads. If the amount of the Panda bell by Lauder shat not be sufficient to pay taxes, maeaame ts, Instance parniwns and
<br />adou a raw in they fall duk fitarower shag pay to Leader soy anoint necessary to seize up the delideacy within 30 days ftaa the date notice
<br />is amled by Leader to likrtowes requesting ng payer thereof.
<br />Upon payment is full of nd soda secured by this Dad of Trust, Lender shag promptly refead to Borrower toy Funds MM by Leader. If
<br />under 1 li hereof the Property is sold or the Property is othmwwe acquired by Lender. Leader shag apply, no later than immediately
<br />prior to the sak of the Pfaperty or its acquisition by leader. any Rods odd by Leader at the time of application as a txa It aping the sums
<br />sauced by this Deed of Ttiruat.
<br />3. Aggraatiaa at Psymana Uolers applicable law provides otherwis% all payments received by I ceder under the Note and parapaphs 1
<br />and 2 hereof sW be applied by Leader tint in psyning of amounts payable to Leader by Borrower under paragraph 2 hereof. then to interest
<br />payable oil the Note, than to the principal of the Note, and then to interval: and principal on any Future Advances.
<br />& Chopp e; Ussu. Borrower shag pay at taxes, awe enscou and other chaga, fines dad impositions attributable to the Property which
<br />maysium a priority over this Deed of Trust. russt, and leasehold payments or ground tents. if any. in the magma provided under paragraph 2 hereof
<br />or, if not paid in wait manner. by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to
<br />Lender all sotices of smoaurs due usuder this paragraph, and in the event Borrower shag make payment directly. Borrower shall promptly
<br />furnish to Leader ten.', - evidencing such payments. Borrower shag promptly discbwpe any lien which has priority over this Deed of True;
<br />provided, that Borrower shag not be required to duchuse any such lien so long as Borrower shag agree in writing; to the payment of the
<br />obgption seared by welt lien in a manner acceptable to Lender, or shag in good faith contest such lien by, or defend enforcement of such lien
<br />in, legit paoaetfirlgt which operate to prevent the enforcement of the lien or forfeiture of the Property or any pact thereof.
<br />S. Amid bmwo L Borrower shad keep the improvements now etorift or hereafter erected on the Property inured aping loss by fire,
<br />lussards included within the tam' extended coverage ", and such other hazards us Leader may require and in such amounts and for such p arsods
<br />ere Leda may req L i , provided, that Lender sbag not requite that the amount of such ooverage exceed that amount of coverese required to pay
<br />the wad secured by this Deed of Trust.
<br />The insurance carrier pre rWM the insurance shag be chosen by Borrower subject to approval by Lender; provided. that such approval
<br />shag not be eraeolu bly withheld. Ali premitas on inusaoce policies shag be paid in the manner provided under paragraph 2 hereof or, if not
<br />paid in such canoes. by Borrower making payment, when due. directly to the insurance carrier.
<br />AM faarance policies and renewals thereof shag be in farm acceptable to Lender and shag include a standard mortgage clause in favor of
<br />and in form aoaptabie to lender. L ender shall have the risk to bold the policies and renewals thereof, and Harrower sbag promptly furnish to
<br />Lender all renewal notices and all receipts of paid premiums. In the event of low. Borrower doll give prompt notice to the insurance carrier and
<br />Lander. leader may make proof of ben if not made promptly by Borrower.
<br />Unless Leader and Borrower otherwise agree in waitiy, faunae proceeds song be applied to testaeatioa or repair of the Property
<br />daaagad, provided such nRarstioe or repair is swoondoly feasible and the security of this Dad of Trust is not thereby impaired. if such
<br />nessondoa or repair is not economically feasible a ff the !!!writ) of this Dead of Tres would be mPaired. the insurance proceeds small be
<br />applied to the woe secured by this Dad of Tart, with the enact, if nay. paid to Borrower. if the Property is abandoned by Botrowes, or if
<br />Borrower faile to respond to Leader within 30 days two the date notice is mailed by Leader to Borrower that the insurance carrier offers to
<br />a settle a dews for insurance benefits, Lender is autborind to collect and apply the insurance proceeds at Lender's option at to restoration or
<br />repair of the Property or to the saes secured by this Dad of Trues.
<br />Unless Leader and Borrower otherwise agree is wrkbt& any wad, application of proceeds to principal shag not eatead or postpone the due
<br />date of the monthly iogdlmeote referred to in paragraphs 1 and 2 bit or chew the amount of such installation. If under paragraph 18
<br />hereof the Property is acquired by L ender. erg right, title and inewest of Bortowes in and to any insurrace policies and in and to the proceeds
<br />thereof resuttiop from damage to the Property prior to the ask or aognisidw shall pan to Lender to the extent of the sm am, by this Deed
<br />of Trust immediately pry to rich sale or acquisition.
<br />i. Pnrssevades and hlalnsnanee of f "sity; LeseebldK Camdessiiasus: PMnad perk Derdepmens. Boerosrer shag keep the
<br />Property in good repair and shall not commit waste or permit impairment or deterioration of the Property and dial troaply 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 s condomiairm or a pka d oak development. Borrower
<br />shall perform all of Borrower's obligations under the declaration or covenants crating or governing the condoafrkrs or planned unit
<br />development, the by -Laws east tepletious of the condominium or planned unit development, and constituent doormen. If a condominium or
<br />planned unit development rider is executed by Borrower and recorded tosether 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 TYust as if the rider were a pat
<br />hereof.
<br />7. PnwweYas of Lada'a fleerriti. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any
<br />anima or proceeding is comsesced which materially affects Leader'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, then Lender at Leader's option, upon notice
<br />to Harrower, may make such apperae. . disburse such sums and take such action as is necessary to protect Leader's interest, including, but
<br />not limited to, disbursement of reasonable attorney's fees and entry upon the Property to make repairs. If Leader requited mortgage iusranc=
<br />as a condition of making the loan secured by this Deed of Trust. Doi. owet shag pay the prermuems required to maintain such insurance in effect
<br />uusttl such time as the requirement for such imuraoce terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />law. Borrower shag pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />sacred by this Dad of Trues. Lhdm 111.. sand Leader agree to other terms of Payment, such amounts shag be payable upon notice from
<br />lender to Borrower requesting payment thereof. and shag bear interest from the date of disbursement at the rate payable from time to time on
<br />outwtaditrg principal under the Mow unless payment of interest at such rate would be contrary to applicable law, in which event such amounts
<br />AM bees iaesrmst at the highaw rate pwwiasible under applicable 4w. Nothing contained in this paragraph 7 shag require Lender to incur any
<br />L rwpa s e or ease dry sorb. inundate
<br />L iwatren. Lender may mats or cause to be wade reasonable entries upon and inspections of the Property. provided that Lender shall
<br />give Borrows notice prior to any suck inspection specifying reasonable cause therefor related to Lender's interest its the Property.
<br />4. GaMnnras. Tie;nroas I of any award or claim for dauugn, direct or consequential, in connection with any condemnation or
<br />other taking of the Proper ty. or pat thereof. or for conveyance in Neu of coodemrution. arm hereby assigned and shall be paid to Lender
<br />to the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, i f any .
<br />paid to Borrower. In the event of a pwtW taking of the Property, unless Borrower and gender otherwise agree in writing, there shall he apPhcd `
<br />to the tsaY secured by this Deed of Truce such proportion of the proceeds as is equal to that proportion which the as,ount of the surns secured
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