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86-- 106145
<br />applicable haw requires such lowest to be paid, I.mder shalt not be required to pay Borrower Say interest or earnings on the Funds. leader shall
<br />give to Datvwer. t i,, - , dmw, an annual accounting of the P unde`showing cans tend debits to the Ponds and the psrpwe-for which each
<br />debit to the Ittr * was made. The Funds are piedpd as additional Security for the stems secured by this Deed of Trust.
<br />If the acauet of the Plums bald by Lim dwr, together with the future monthly iostaYments of Fumds psyabk prior to the due dazes of taxes.
<br />ammemeoW innrsom iams and ground rests. Shall cooed the amount regained to pay sand taxes, aosnmaw iaaranoe premiums and
<br />ground rats as dwy lush dine, Seek esome dM be at Norrower's option, either promptly repaid to Dotrowar or tali tad to Dorrou tr oo mood+ly
<br />installments of Pte edi , N the mount of the Pmuls held by Lender shall not be Sufficient to pry Most. mommots, itutrramoe provisions and
<br />gturmmd rsm as dw! fihl4lme, �otrow es dollpay to leader any amount necessary to make u p the deficiency within 30 days firm the dace notice
<br />isasisd by Leafier wo norroaer nsqu , 'all duwteof.
<br />Upost it amt in full of sill Sens seemed by this Deed of Trust, Ierider shall promptly rds od to Borrower any Funds held by Lender. If
<br />amdur paragraph It ono[ else Propetty im sob( or the Property is otharwise aogtibred by Leader, Leader shall apply, no later there Immediately
<br />prior so the sale of she Property or its acquisition by Lender, any Funk held by Lender at the time of application as a audit a most the ems
<br />secured by this Deed ofThoL
<br />3. Apoludsa at Plc smws unlit appliabie law provides otherwise, all payments received by Lender under the Nm and paragraphs 1
<br />and 2 beno[ dog be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof. then to interest
<br />payable cis the Nose, the to the principal of the Note, and then to interest and principal on my Future Advances.
<br />4. Cfmsllm; Doug. Dornowe "pay all taites, assessments and other chatgn, floes and impositions attribunble to the Property which
<br />may attain a priority over this Dated of Trust, and leasehold payments or ground rents, if my, in the manner provided under paragraph 2 hereof
<br />or, if riot paid in such manna, by Borrower making payment, when due, directly to the pays thereof. Botrvwar shall promptly fnrtish to
<br />Leader d nodoes; of amounts due under this paragraph, and in the event Borrower shall make payment directly. Borrower shall promptly
<br />furnish to Leader marts evidencing such payments. Borrower shall promptly discharge any I= which has priority over this Deed of Trust;
<br />provided, that Borrower shall riot be required to discharge any such pies so ling as Borrower shall ages in writing to the payment of the
<br />obligation secured by Such lien in a mama acceptable to Linder, or shall in good faith contest such lien by. or defend enforcement of such lien
<br />in, leph psooeeiaga which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Mkmd Ism ranee. Borrower shall ksep the improvements now existing or hereafter erected on the Property insured against loss by fm,
<br />hazards isecladed within the tam "extended coverage ", and such other hazards as Leader may regtrrc and in such amounts and for such periods
<br />as Leodermq fiery provided, tact leader shall not require that the amount of such coverage emceed that amount of coverage required to day
<br />the assns aecoee I by this Deed of Trust.
<br />11w iusQaoce tastier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that such approval
<br />shall not be unreasonably withheld. All premiums on insurance polies shall be paid in the manner provided under paragraph 2 hereof or, if not
<br />paid is sis h rmneer, by Do. ower maldog payment, when due, directly to the insurance carrier.
<br />AN den issism a policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage cause in favor of
<br />and in fors aecgmable to L ender. lender shall have the right to hold the popes and renewals thereof. and Borrower shall promptly furnish to
<br />Leader an naewal erotica and all rtsxip. of paid premiums. In the event of dons, Borrower shall give prompt notice to the insurance carrier and
<br />Leader. Leader may make proof of doss elf not made promptly by Borrower.
<br />Unless Leader and Harrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br />dsmgsC provid,d Such tsworetioa or repair is economically fma'bk and the security of this Deed of Trent is not tbereby impaired. if such
<br />rswoathom or repdr is not economically fmiNle or if the security of this Deed of Trust would be impaired, the insurance proceeds shalt be
<br />appiad to the muss Secured by this Deed of Truest., with the access, if my, paid to Borrower. If the Property is abandoned by Donowa, or if
<br />Borrower falls to yearned to Lend r with 30 days from the date notice is mailed by Lender to Borrower that the iomrs om curie offers to
<br />settle a swim for' asQaoc 1 besse11- Lender is audwriSed to collect and apply the insurance proceeds at Lender's option ether to restoration or
<br />repsk of the Property air to the Sums secured by this Dad of Trust.
<br />U.ea Lander and Boaower otherwise agroe in writing, any such application of proceeds to principal shall not Pawend or postpone the due
<br />date of the ssoatblr instalmeda referred to in paragraphs I and 2 hereof or chance the amour of such imwalmmu. If under paragraph Is
<br />hereof the Property is saga. I by Leader. all right. tide and interest of Borrower in and to any iosutame policies and in and to the troceeds
<br />tbseof rasing from desngeto the Pmpertyprior to the sale or acquisition shall pass to Lender to tie emeet of the sum Secured by this Deed
<br />of Trent immeio*priar to such isle or acquisition.
<br />f. Pie valfan and 11Ydmams of !re/erb; LeasaisMst Gnismidaas. Pbod Usk Dewwls/menls. Borrower ower 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 pine if this Deed of Trust is an a Imehold. If this Deed of Trust is on a unit in a condominium or a planned unit development, Borrower
<br />shall perform all of Borrower's obiiptions under the declaration or covenants crating or governing the condonation or phoned unit
<br />development, the by -laws and regulations of the condominium or planned unit development, and exnsutumt documents. If a condominium or
<br />planned new dewdopmeot rider n emceed by Borrower and recorded together 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 Jas Deed of Trust as if the rider were a part
<br />hereof.
<br />7. PralecYem of Isllses Baeedq. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any
<br />action or proceeding is cmu mead which materially affects Lender's interest in the Property, including, but not limited to, mint domain,
<br />insolvency. code enforcement, at arrangements or proceedings involving a bankrupt or decedent, then Lender at Lender's option, upon notice
<br />to Dorrower, cry make such app eatanoa, disburse such stems and take such action as is necessary to protect Leo's interest, mcladmig, but
<br />ant limited to, d'uburstaat of emonalhie attorney's fees and entry upon the Property to make repairs. If Leader required mortgage insurance
<br />as s condition of sdimg the loan extme 1 by this Deed of Trust. Borrower shall pay the premiums required to maintain such insurance in effect
<br />until Such times the requiemeet for such insurance terminates in accordance with Borrower's and Laader's written agreement or applicable
<br />law. Borrower "pay theanosmt of all mortgage insurance premiums in the manner provided under paragraph 2 haoof.
<br />Ann asowts elial 'by Lewder psramnt to this p>oegraph 7, with interest thereon, shalt become additional indebtedness of Borrower
<br />secured by this Deed of T not. Unless Borrower and Lender alp Fe to other corms of payment, such amounts shall be payable upon notice from
<br />Lender to Borrower regsastios, 3 - thereof, and shall bar interest from the date of disbursement at the rate payable from time to time on
<br />omt,mnAN pr eipd under the Note unless payment of interest at such rate would he contrary to applicable law. in which event such amounts
<br />"bear Ioweest r the higliesst rate permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any
<br />eopemse or MISS any aetiom heralds.
<br />dl. lovisa lm Leader my make or cause to be made reasonable entries upon and inspections of the Property. provided that Lender shall
<br />give Dotrowsr notice prior to any such inspection specifying reasonable ague therefor related to Leader's interest in the Property.
<br />!. Camismaadm The pstrocea 4 of any award or claim for damages, direct or consequential, in connection with any condemnation or
<br />Other taking of the Pngsaty, 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 total taking of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, if and.
<br />psdd to Sm.own. In the evens of a partial taking of the Property, unless Borrower and Lender otherwise agree in writing, there shall be applied
<br />to the suns tasted by this Deed of Trout Such proportion of the proceeds as is equal to that proportion which the amount of the sums secured
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