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105775
<br />$6-
<br />applicable law requires such interest to be paid, Leader shall not be required to pay Borrows any interest or earnings on the Funds, Lards shall
<br />give to Borrower. without cbarge, an annual accounting of the Funds showing credits wrd debits to the Funds and the purpose for which each
<br />debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of Trust.
<br />j� if the amount of the Funds bald by Lender. together with the future monthly installments of Funds payable prior to the due elates of taxes.
<br />�e��ts, iaap'anoe prquiums and ground rents, shall extend the amount required to pay said taxes, assasmerns, aura= premiums and
<br />ground rents as they fall due, gm* aware shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />ioamUmmtlts of Fun& if lbw amount of the Funds bdd by Leader shall not be sufficient to pay taxes, amts, imuranoe premiums and
<br />pound trouts as tbay fall due. Borrower shall pay to Lauder any amount necessary to make up the deficiency within 30 days from the date notice
<br />is maned by Leader to Borrower requesting payment thereof.
<br />Upon paymmt in fan of all stns secured by this Dad of Trust, Lender shall promptly refund to Borrower any Funds held by lender. If
<br />under paragraph is It the Property is saki or the Property is otherwise acquired by Lender, Lender Shan apply, no later than immediatdY
<br />to the sale of the Property, or its acquisition by Lander, any Funds held by Lender at the time of application ns a credit against the sums
<br />prior
<br />secured by this Deed of Trutt.
<br />;, Alba art laynwls, Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs I
<br />an d 2 hereof shall be applied by Leader first in payment of amounts payable to Lender by Borrower under Wragcaph 2 hereof, rhea to interest
<br />payable on the Note, then to the principal of the Note, and then to interest and principal on any Future Advances.
<br />other charges, fines and impositions attributable to the
<br />4. CbmrgM Lras. Borrower shall pay all taxes, assessments and
<br />Deed of Trust, and leasehold payments or ground rents, if any, in the manner provided � 2 hereof
<br />may attain a priority over this
<br />a, if not paid in such manna. by Borrower maddng payment, when due, directly to the payee thereof. Borrower shall promptly furnish to
<br />Lender an notices of amounts due under this paragraph. and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Leader receipts evidencing such Payments. Borrower shall promptly discharge any lien which has priority over this Dad of Trust:
<br />that Borrows than not be required to discharge any such lien so long as Borrower shall agree in writing to the payment of the
<br />provided,
<br />obligation secured by such lien in a manner acceptable to leader, or shall in good faith contest such Gen 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 />loss by fire,
<br />S. Hissed Iatataaee. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against
<br />hazards included within the tam "extended coverage", and such other hazards as Lender may require and in such anoums and for such periods
<br />as Leader may mp**: provided, that Lender shall not require that the amount of such coverage exceed that amount of coverage required to pay
<br />M
<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 Lander; provided, that such approval
<br />arms on insurance policies shall !x paid in the manna provided tinder paragraph
<br />shall not be unreasonably withheld All P 2 hereof or, if not
<br />paid in such manna. by Borrower mating payment. when due. directly to the insurance carrier.
<br />to lender and shall include a standard mortgage clause in favor of
<br />Ali insurance policies and renewals thereof shall be in form accep.abie
<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 />;
<br />Lender an renewal notion nll all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance tarsier and
<br />Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Leader and Borrower otherwise agree in writing. insurance proceeds shall be applied to restoration or repair of the Property
<br />repair is economically feasible and the security of this Deed of Trutt is not thereby imp". If such
<br />damyed, provided such restoration or
<br />restoration or repair is not economically feasible or if the security of this Dad of Trust would be impaired, the insurance proceeds shall be
<br />applied to the wants secured by Ibis Deed of T rust, with the excess, if any, 7md to Borrower. If the Property is abandoned by Borrower, or if
<br />Borrower fails to respond to lender within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to
<br />settle a claim for itsansom benefis. leader a authorized to collect and apply the insurance proceeds at Larder's option either to restoration or
<br />repair of the Property or to the sums seemed by this Dad of Trust.
<br />Unku Leader and Borrower othersdoe agree in writing, any such application of procceds to principal shun nee extend or postpone the due
<br />.
<br />date of the monthly inwllmmst rdared to in paragraphs 1 and 2 hereof or change the amount of such installments. if under paragraph Lg
<br />'
<br />hereof the Property is atxpired by Leader, all right, title and interest of Borrower in and to any insurance policies and in ad to the proceeds
<br />rt
<br />thereof resulting from danger to the Propsrry prior to the sale or acquisition shall pass to lender to the extent of the stems secured by this Deed
<br />of Trust immediately psi to such sale of acquisition.
<br />f. PnnroMNa awed ft, - et of Property: LemebaMls; CaatdaesfNumt: lMuaN Unit DevelmpmmiL Borrower shall keep the
<br />Property in good repair and shall not commit waste a 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 lemehold. if this Deed of Trust is on a unit in a condominium or a planned unit development. Borrows
<br />shall 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 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 ad agreements of such
<br />rider shalt 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. Pnsaetima of [Amarn't blesshy. 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 Lender's interest to the Property, including, but not limited to, eminent domain,
<br />insolvency, code enforcement, or arraugero u w proceedings involving a bankrupt or decedent, then Lender at Lender's Option, upon notice
<br />to Borrower, may make such appearances, disburse such stems and take such 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 it condition of making the loran secured by this Deed of Trout, Borrower 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 Borrower's and Lender's written agreement or applicable
<br />law. Borrows 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 Teat, Uaias Borrower and Lender agree to other terms of payment, such amounts shall be payable upon notice from
<br />Leader to Borrower requesting payment thereof, and shall tear interest from the date of disbursement at the rate payable from time to time on
<br />outstanding principal under the NOW unless payment of interest at such rate would be contrary to applicable law, in which event such amounts
<br />shall bass interest at Use higest rate permissible under applicable law. Nothing contained to this paragraph 7 stall require Linder to incur any
<br />eeyxnse or take any action hereunder.
<br />1. Iu"efte. Larder may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shall
<br />give Borrower notice prior to my such inspection specifying reasonable cause therefor reiatesd to Leader's interest in the Property.
<br />1, CwNtmmadon. The preeteads of any award or claim for damages, direct or cone quenital. 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 Lender .
<br />In the event of a toW taking of the Property. the prods shall be applied to the sunis secured t,y this I) ed of T rust, with the excess, if ans,
<br />paid to Borrower to the evert of a partial takirs of the Property, unless wrrowcs rand I rndet othctwt,e agree to writing, there shalt he applied
<br />to the ams secured by this Deed of Thrust such proportion art the proceeds as rs eyuai to that proportion which the attis.unt of the sums se.urtd
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