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156--- 108912
<br />applicable law rte sua interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Larder shell
<br />give to Borrower, without chatp, an annual accounting of the Funds showing credits end dWu to the lands and the purpose for which each
<br />debit to the Funds was snsde. The Funds are pledged as additional security for the sums secured by this Dad of Trust.
<br />If tie Mount of the Punds held by Lan der, together with the fugue monthly instalhoanu of Funds PAW* prior to the due data of taxes,
<br />ararsuota, Moraine premium and ground mats, shell eitoeed the amount required to pay said taxes, se a mems, ins roam premium and
<br />'reels as toy tall si x, each aeons shall be, at Borrower's option. either promptly repaid to Borrower or credited W Borrower on nice mbly
<br />innell1m its of Paid[. U dw noom t of the Funds held by Lender shell mot be sufficient to pay taxes, annoR u, insurance prea+►mss and
<br />gfoeed tale a they fall des. Borrower d" pay to Leader any amount necessary to make up the deficiency within 30 days from the date notice
<br />is mWW by Lender to Men Owen regoeOW4 payment thereof.
<br />Upon 'pttymaet r full of al mom secured by this Deed of Trust, Leader shall promptly refund to Borrower any Funds held by Leander. If
<br />ender perartapk ltl hssur a the Property is sold or the Property is otherwise acquired by Lender, Lender sluff apply, no later than immediately
<br />prior to the salt of the Property or its acquisition by Lander, any Funds held by Lender at the time of application as a credit against the suits
<br />secured by this Deed of Trust.
<br />3. ApBndw ef taymsds. Unless applicable law provides otherwise, all payments received by Lender under the Note aid paragraphs I
<br />and 2 hero[ Weell be appWd by leader first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof. then to interest
<br />payable an the Note, tars to the primal of the Note, and then to interest and principal on any Future Advances.
<br />4, CS g — Uw. Borrower shall pay all taxes, assessments and other charges, fines and impositions attribuuable to the Property which
<br />may attain a priority over this Deed of Trust, and leasehold payments or ground rents. if any, in the manner 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 shall promptly furnish to
<br />Leader all motion of amamts due under this paragraph, and in the event Borrower shall make payment directly. Borrow[ shall prompdY
<br />fwm* to Lender 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 hem so long as Borrower shall Wa in writing to the payment of the
<br />obrention secured by such lien in a manner acceptable to Leader, or shall in good faith contest such lien by, or defend enforcement of such lien
<br />in, legal PraAednp whits operate to prevent the enforcement of the lien or forfeiture of the Property or any pert thereof.
<br />S. liaami lesesena. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire,
<br />hamrds in dtieli d wkbin the term "exteaded coverage", and such other hazards as Leader may require and in such amounts and for such periods
<br />a Lander may ngaire; provided. that Leader shall not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the suer seared by this Deed of Trust.
<br />Time immmece airier prorieGtK the insurance shall be chosen by Borrower subject to approval by Leader; provided. that such approval
<br />diall not be rmamoeabiy withheld. Ali premiums on insurance policies shall be paid in the manner provided under paragraph 2 hereof or, if not
<br />paid in such smamr. by Borrower making payment, when due, directly to the insurance carrier.
<br />AN' policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage clause in favor of
<br />and in farm acceptable to i ender. Leader shall have the tight to hold the policies and renewals thereof, and Borrower shall promptly furnish to
<br />Leader alt teaessai notices and all receipts of paid premiums. In the event of loss. Borrower shell give prompt notice o the insurance carrier and
<br />L ender. Lewder may mast proof of loss if not made promptly by Borrower.
<br />Unless L arAw and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repdr of the Property
<br />dsmegki, provided sack nMormina or repair is economically feasible and the security of this Deed of Trust is not thereby impaired. If such
<br />nstosalisn
<br />or npdr is set eoonamieWy feasible or if the security of this Deed of Trust would be impaired, the isrurmoe proceeds shall be
<br />applied to d w rein eurnd by thin Dad of Trust, with the excess, if any, paid to Bor rower. If the Property is abandoned by Borrower, or if
<br />Dorrowin talk to nepmd to lender witlda 30 days from the due notice is mailed by Leader to Borrower that the insurance carrier offers to
<br />settle a claim for' bssrfits, Leader a authorised o collect and apply the inwraum proceeds at Lender's option either o restoration or
<br />repair of the Property or to the suer secured by this Deed of Trust.
<br />Union Lander and Bortowee otherwise agrx in writing, any such application of Proceeds to principal shall not extend or Postpone the due
<br />date of the moethiy hOUN mats relined to IS paragraphs 1 and 2 hereof or change the amount of such installments. If under paragraph Ig
<br />hfereof tie Property is aap*sd by Lander. all right. title and interest of Borrower in and to any Presence policies and in and to the proceeds
<br />distant nrailiaB tin ii mega to the Property prior to the sale or acquisition shall pass to Leader to the extent of the scans agreed by this Deed
<br />of Trent immedialdy prior o sad[ mle or acquisition.
<br />f. FneuriMlm and Maieanuoe of Pneperty; Lamshalis; Cmiamiaials: Plaeesd heir DavdapesimL Borrower ,anal keep the
<br />Property is pod repair and sing bot coin wade or permit impairment or deterioration of the Property and shad comply with the provisions
<br />of my lase if this Deed of Trust is as a lowebold. If this Decd of Trust is on a unit in a condominium or a planed unit development, Borrower
<br />Mall perfotsa all of Borrower's obliptiom under the declaration or covenants crating or governing the condominium or planned unit
<br />development, the by-laws and rsplatiens of the condominium or planned unit development, amid consfitue w doaesemts. If a condominium or
<br />paksmed unit development rider is emernted by Borrower and recorded together with this Deed of Trost, the coverrnits and agronomists of such
<br />rider ela.a be incorporated into and shall amend and supplement the covenants and agreements of this Deed of Trues as if ft rider were a part
<br />hereof. -
<br />7. lswlsdi.e of IADWs Baemily. If Borrower fails to perform the covenants and agreements contained in tiffs Deed of Trust, or if any
<br />cation or proceeding is commenced - materially affects Lender's interest in the Property, including, but not limited o, eminent domain,
<br />medvmcy. code mfartm Pat, or arrangements air proceedings involving a bankrupt or decedent, then Lender at Leader's option, upon notice
<br />to Borrower may make swda appeuances, disburse such sums and take such action as is necessary to protect Lender's interest, including, but
<br />set iivelied ten. dkberssme 'of remomWe attorney's fees and entry upon the property to make repairs. If Ieader required mortgage insurance
<br />a a coedki000f making the bee maned by this Deed of Trust. Borrower shall pay the premiums required to maintain such insurance in effect
<br />Vats each time as the repiremmt for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />lase. Borrower shall pay the m me t of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Asq atshouw dLbursed by hander persona to this paragraph 7, with interest t hereon, shall become additional imdebtadness of Borrower
<br />soured by dds'Doi of Tait. U dew Dortowa and Leader agree to other tams of payment. such amounts shad be payable upon notice from
<br />Under to Bottom > she 11 oa1vms . thereof, and shall bar interest from the date of disbursement at the rate payable from time to time on
<br />oatslaniag principal ands the Nom lidos payment of interest at such rate would be contrary to applicable law, in which event such amounts
<br />shag bane krkea.t at flee highrw rasa permlew'bte ander applicable law. Nothing contained in this paragraph 7 shag require Lander to incur any
<br />mpmes or take may aedae knuoadr.
<br />L - laig 81111 , Lawlor ataap male or emi e to be made reasonable entries upon and inspections of the Property, provided that Lerch shell
<br />jve *a ow ambit prior to any surd[ brpeaba specifying reasonable cause therefor related to Lender's interest in the Property.
<br />0. ` Caeelamn/ae. The peoade of my award or claim for damages, direct or consequential. in connection with any condemnation or
<br />edger takbg of Ma Proiiarty, at part tiareof. or for conveyance in lieu of tronderanation, are hereby assigned aid shall be paid to Leader.
<br />La tie ewer of &told takiy of tha Property, the proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, if say,
<br />paid to Men I a - er. In the ewers of a partial taking of the Property. urdess harrower and Lander otherwise agree in writing, there shall be applied
<br />to the suss sssustar by rihe Dad of Trent such proportion of the proceeds as is equal to that proportion which the amount of the sums secured
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