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86— 106846
<br />plpNoai law i"erem to be paid, Leader shall sot be requknd to M50110001 My impost or earnings on We Freda. Leaft skill
<br />dive to'Herroirer. wblfout dmryc, an annual a000lamidg of tits PantieYois f1K cn0its wd dabw w the Pwndt and eke pdrpcee for which sack
<br />olabit to the Funds was made. Tbc Funds an pledNd r addkbsai eaotrity for tier Arne eaand by rite Deed of Tina.
<br />If tike «Shoat of tits Panda held by Laehda, will tks fYtuse montkiy imstw11mots of 1 ?unds payable prior to the dsw< d "of taaa,
<br />mamsnts, iwren.ce yn.kt.. and a� re ea, tl,di deioaSd tbs snrwt eaquiad to pay aaY career, wutnuttats. illattf.noe premimus and
<br />grott
<br />*ran o fty fall due .aA m om *Abe, 111A SSINGO 1'e ap0111 either plaagtly rydd w am'" r or eredked to sorf"W os uoa ft
<br />isaa11mnts of L4rhds. U tie =WM of the Frans held by Lander dM not be mfftkft to pay tune, mm mw. inmurwtaoe P� and
<br />........r. nr a..._ Mere..ar 21taB ear to fender tutu Seornt neoaaaalf to maize sup the dklleiency within 30 days from tke dose tlotice
<br />ls aailadby l.atlr+t tosore0war ergneatinapttytaea Wmaot.
<br />Upon MUM is full of all sins snouted by tW5 Dnd of Ttret. tender AM prosptty refund to Borrower any Funds MM by Lender. If
<br />coder prawgrapb U Yrao[ tits PfoDK1y la Gold a the Property b otkefwlar aogtthad by [,asdel. L.ndtr Bias spply, ra lnar then iawaediwtdy
<br />prior to tike enk'o[ tie Property a its a09uYMion by L,nder. awy Lhtede held by Lwder nt the time of appliratioa as a fxadit agahnt the atlas
<br />mcwW"*k Dud of Tfrtt.
<br />3. Appllgan ei ft - Unim appYabk kw peovMn oriarwbw. aB payments reutvd by Lender radar tike Note "d paragraphs i
<br />end 2 kmeof sin ba mp oled by Lander flat is payment of menmew Val Ml to Lander by Dorfown under perograpb 2 bereof. den to interest
<br />payable der the Mots, tin to tie prbl*d of tke Noss, and d m to fasnnrt wad prin.efpal ow eery Perm Advenoa.
<br />I. Cbmpx Ibn. sorrows[ Oha11 pay as tam mmsnmou and odwr chweMs, &M and bopakioae ataibrtable to the Property which
<br />may admit a priority over till Deed of Trost, and kmdwM payments or prornd tats. if my, is dw awmsr provided mid. pwagrapb 2 hereof
<br />or. if not paid in such manner, by Borrower asking paymem. whey due, directly to the payee thereof. Borrower AM promptly funrs' I to
<br />Lewder an notion; of amounts du, under tits peregrapih. and in the evdmt Borrower 211011 mdte payment directly. Dorrower 21ta11 promptly
<br />fMnisk to Lewder receipts evidencing mcb paymems. Borrower AM promptly dNae' I any Nan wiidt has priority over We Dead of Trost;
<br />provided, that Borrower abali not be required to discharge any such lien so Long en Dorrawa 01111111 Sane in writing to tie payment of the
<br />obligation eecurnd by srcit Han is a meaner meoptabbt to Lender. or dia11 is gtwd fakh eoew eweb Um by, or dated enforoemehn of such lies
<br />ha, legal proomdlup which operate to prewem the enforcement of the Nan or forlWitmeof the Property or any part tkaaof.
<br />S. Hwfd lomwnm, Dorrownl 9ka11 keep tie improwmnw row adndei or benafter erected on the Prapatyinwwd api" lone by fire,
<br />hamrda included whido dhn term ".a ceded covmrp ", and a & odha binder Sts Lender, may nquke and is arch ammmu and for each periods
<br />m Lodes may, q-, provWm L dot Linda shall not requite tb" the amount of meh dwvwap eaaed th" amount of Owmap regnirod to pay
<br />the mere , hred by thin Deed oMmit.
<br />Tin isauran.ce carrier providing the insurance dM be chosen by Borrower shbjact to approval by Lender. provided. that such approval
<br />"aunt be awemoanidy wid"L A11 peen I on' Policies ftR be paid in the man= provided under paregrapb 2 beroof or, if not
<br />paid in enter moor, by Borrower making payment. wken dm directly to the insurance carrier.
<br />AS hltetran.oe poW= and renewals drreof"be in form acceptable to Leader and dM Include a standard mortgage clare in favor of
<br />and in form acceptable to leader. Iasda d" the right to hold the policies and resewaie thereof, and Borrower AM pro®pdy furnish to
<br />Lodes all renewal too I and all receipts of paid Pte. in the cvm of bar, Borrower sha11 give pros-- notice to the insurance carrier and
<br />Loader. Lodes mgr=Ww proof of bar if not made promptly by Borrower.
<br />Usbm Ianda amt Borrow odiewie Sane in writing, Iaentanoe plocwda sbA be applied to restormica or repair of the Property
<br />damapd, idrovWed each restoration. or repair is eoonotrioib km bk and tine nowity of fire Dnd of Tyra is not dkereby impaired. If such
<br />reaaatioa or FSp* ire sot aoonomicabr le i6k or if the aectmky of tbb Dad of Treat would be' . . tie,.par..oa peooee I WW be
<br />applied to tie sun.s securad by this Dud of Teat. wtti tie .roam. if arty, paid to Borrower. u rte Property is abandoned by Borrower, or if
<br />Borrower fails to rerpun'to Leader wkhis 30 dwys from the dw notice is meted by Leader to Borrower shwa tie hwurawa farrier offers to
<br />sate a claim for i.eran.oa imeeffts. Lander is antliodand to collect and apply fk, swore proceeds m Leader's option either to restoration or
<br />repwk of tie Property or to the saws secured by this Dead of T=K.
<br />Unless Leader and Borrower odwwin agree in writing, ant' ski application, of proceeds to PdROW shalt Dot COW or postpone the due
<br />deft of the mow -fly inaaHmew referred to to paraarep, I and 2 hereof or change the amount of suck Wm mints. if wader pun? gab 18
<br />her ft Property is acquired by Loader, all right, title and tatsrest of Borrower in and to my insistence policies and is and to the pro " '
<br />thereof resulting from dump to tie Property prior WIN Oak or acquhieitioa shall pus to lewder to the eatem of tie alma secured by this Deed
<br />of Trust immediately prior to such sale or acquisition.
<br />ti. PreaavMlas and Mwisdswn.0 of Prepay: Lam mid Camiud hums: Pbusd Usk DueMpmew. Borrower d" ItaP the
<br />Property in flood repair and shell Dot commit waste or permit impairment or deterioratm of tM Property and "comply with tM pr0vlafora
<br />of any lone if this Deed of True is oar a l u bold. if this Deed of Treat is on a unit in a combainium of a pined =it development. Borrower
<br />shall perform all of Bor rower's obligations under the declaration or covenants creatist or fpverning the condominiums of planned unit
<br />development, the by-Im and rams foes of the condommoua or planned unit development, and eoustitueae docwmeats. If a coodondshnm of
<br />Planned unit development rider is eaeesed by Borrower NO recorded together with tbo Dead of Trost. the fwveenw end agreements of such
<br />rider ske11 be incorporated into and shell .mead and supplement the covenants and agreements of this Deed of Trust u if the rider were a p act
<br />hereof. - -
<br />7. Peelaetlan et Lssder's grim -1. 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 in the Property. including. but not limited to, emimm domain,
<br />insolvency. code enforcement. or arrangements or procadittgs involving a beoluupt or decadent. then Lender at Lender's option, upon ootwe
<br />to Hbr rower. nay malt, stsd wppsaaeoa. mss such _ and take such action as is necessary to protect Lender's interest. includim but
<br />oat Robed to. disbursement of ransom" attorney's foe and awry upon the Property to make repairs. if Lender required mortgage mwaaoa
<br />"a condition of making the loan secured by thin Dud of Trust. Borrower shall pay the premiums required to maintain such insurance in effect
<br />uwtl such lima a the requirement for such imsu iesca terse own in accordance with Borrowa's and Lender's written agreement or applicable
<br />taw. Borrower shag pay the amowm of a11 mortgage insurance premium in the manna provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pasuam to this paragraph 7, with interest thereon, shall becouse additional indebtedness of borrower
<br />secured by des Dud of True. Unions Do. and Leader agree to other tams of payment. such amounts sban be payable twoo eatiae from
<br />Leader to Bortowsr reopws ft iwytthmt. thereof, and sha11 bar interest from the date of disbursement at the rate payable from time to tits, aD
<br />ansaniegpriwcipal uwdu tit Nola Mines Maw of iwsat at path rate would be contrary to applicable law, is which evew such amounb
<br />sin bear idsnm at the bighaa rare parmies0" trader applicable law. Nothing contained in this paragraph 7 9he11 raWArc Lender to incur any
<br />.iPe.neor -eke miy action hersrndsr.
<br />L Ltbea ties. L nda aqr am** a core pa be made reason" entries up= and iwspodiowe of the i'ropmty. Ptovitiaf that Larder shall
<br />rive DO "a "►tics prior WSW Wei iupeetioa spa ifying teuoaabh care therefor rdNed to Lauder's iwewem is the Property.
<br />!. Camlemnden. Mw proceeds of an award or dais for damages, direct of coasagwsstial, in connection with any condemnation or
<br />oftr takiq of tits Property. or pat thereof. or for conveyance in lien of condemnation. are hmsby assigned and &MU be paid to Lander.
<br />Iw *e craw of a taut eakiag of the hoparty. the prodfeds shall be applied to the suns sassed by this Deed of Trust, with the excess, if any,
<br />paid in gorrowwa . In tie eve" of a partial tdiag of tM property. unless Borrower and lender otherwise "m in wridW -tae shall be applied
<br />to the Bas second by tles Dead of Trust suck proportion of the proceeds"u eQual to that proportion which the amount of the sums wmred
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