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107152
<br />applicable law requires such interest to be paid. Lander shall cot be fwgdred to pay Dorrom any interest or arobW on des Funds. Lawler shall
<br />give to Borrower, without charge, an annual acconadad of the Ponds ehowhai credits and dsWu to tM Puods and des purpose for which each
<br />debt to the Funds was made. Tits Funds on pbd/rd as additional security for die snore snowed by We Deed of Treat.
<br />f If dw amount of theFunds held by Leader, "Mhs with the future moo ft bete8mmu of Funds payabe prior to the dam dates of faxes,
<br />(� aoesamsots, lowenee premiums and hound riots, shall exceed ds amoral iegdnd to pay OW lease, aauueants, imtrMOe preminma and
<br />1 grated two as they fall due, each eaten *0 be, at Derrower's option, al tea promptly repaid to ft owes or cwdkad to Borrower on MOW
<br />Lstallmrw of Foade. U fie ammtmt of tee Futnds`Wid by Leader AM not be etlffidisat to pay taxes, mamom% Wev rang p and
<br />Wound reaq a d wy fill dw, Borrower"pair to Leader an meow Lenmary to make up net deficiency within 30 day; from the date aotire
<br />is mailed by Lender m Barrower requiseft gay '■set thereof.
<br />Upon p"mm in fail of so etas secened by d* Deed of Taut, Leader share prompift refund to Borrow gay Fusde held by Lender. If
<br />under paragraph 18 hautN the Property is sold or the Property Is othuwbe acquired by Leader, Lwtder 60 apply, no elver dean iomediss*
<br />prior to the sale of the Property or its acquisition by Leader, my Pads Geld by Leader at the time of application as a as& apart the none
<br />secured by this Dud of Trust.
<br />3. Agpitalha at Payaeale. Unless ap0c" law provide otherwise, all Mama noeiwrod by Lender under the Note and peragrapee I
<br />and 2 based shall be qwW by Leader first in payment of amounts payable to Leader by Borrower under paragraph 2 hereof, than to interest
<br />payable on the Note, dean to the principal of the biota, and than to interval and principal an any Pam m Advances.
<br />4. Claaplar, Uses. Borrower shall pay all taxes, assessments and other dirges, flea and impositions ataBnwbie to the Properq which
<br />may atlas a priority over this Dad of Trust. and Isaahold payments or ground reau, if any, in the crammer provided under paragraph 2 etseof
<br />or, if not paid is such roamer. by Borrower making payment. when due, diraetly to the payee thereof. Borrower shat promptly furnish to
<br />Leader all notku of amounts date under this paragraph, and in the event Borrower shall make payment directly. Borrower shall promptly
<br />furnbh to Lander receipts evidencing such payments. Borrower shall promptly dbcharge any ban which has priority over this Deed of Taut;
<br />provided. that Borrower shall not be required to discharge any such lien so loot as Borrower shall ages in writing to the payment of the
<br />obilpd m secured by rich Hen in a mummer acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien
<br />in. legal pnxndlnp which operate to prevent the enforcement of the den or forfeiture of tit: Property or any part thereof.
<br />S. Reared Peeresses. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire,
<br />halyards induded within the term "extended coverage ". and such other hazards as Leader may require and In such mounts and for such periods
<br />m Leader may require; provkbd. that I ender shall not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the sums secured by this Dud of Trust.
<br />The: bouregica carrier providing fee insurance shall be dasaa by Borrower subject to approval by Leader; provided, that such approval
<br />shall not be »nteaso nabiy withhold. Ali premiums on insurance policies Shall be paid in the manner provided under paragraph 2 hereof a, if not
<br />paid in suck manner, by Borrower making payment, wtsn due, directly to the insurance carrier.
<br />AR iaruramoe policies and renewals thereof shall be in form acceptable to Lender stud shall include a standard mortgage clause in favor of
<br />and in form aceeptaWe to Leader. Leader shudl have the right to bald the policies and renewals thereof. and Borrower shall promptly furnish to
<br />Leader all renewal notices and all receipts of paid premiums. In the event of log. Borrower shall give prompt notice to the insurance carrier and
<br />lender. Lender may make proof of lose if act made promptly by Borrower.
<br />Unless Leader and Borrower otherwise agree in wridW& instance proceeds shall be applied to restoration or repair of the Property
<br />damaged, provided such restoration or repair is economically feasible and the security of this Dad of Trust is not thereby impaired. If such
<br />restmtati0a or repair is tat scomoessially feasible or if the security of this Dead of Trust would be impdnd, the imsrsom proceeds shall be
<br />aPpBb to tee fume seared by this Dud of Trust, with the exmew of any, paid to Borrower. If the Property is abandoned by Borrower, or if
<br />Borrower faits to respond to Lender within 30 days from the due notice is maned by Letader to Borrower that the ins re mod carrier offers to
<br />settle a dam for insurance bandits, Leader is antboriaed to coUm and apply the insurance proceeds at Leader's option other to restoration or
<br />repair of the Property or to the sums secured by this Deed of Trust.
<br />Ueias Lander and Borrower otherwise ague in writhin& my such application of proceeds to principal dull not attend or postpone the due
<br />due of the anaenidy insnllmants referred to in paragraghs t and 2 hereof or iterate the amount of such installments. If trader paragraph is
<br />bumf the Property is acquired by L ender, all right, title and interest of Borrower in and to any irtarance policies and in and to the proceeds
<br />thereof resulting from damage to the Property prior to the sale or acquisition stall pea to Leader to the accent of the sums secured by this Deed
<br />of Trust immediately prior to such ask or acquisition.
<br />L PraservMlsa and Maimha of ha/erly; Lessshelit CaaMmietams: PIesesd Unit Dowdopmsals. Borrower 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 provisim
<br />of any lase if this Deed of Trust is on a leasehold. If this Deed of Trust is on a emit in a condominium or a plumed unit devdopment, Borrower
<br />shalt perform all of Borrower's obligations under the declaration or covenants creating or governing the condominium or phoned 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 a atecuted by Borrower and recorded together with this Deed of Trim, the covenants and agreements of such
<br />rider shell be incorporated into and ahW amend and supplement the covenants and agreements of this peed of Tam a if the rider were a part
<br />hereof. —
<br />7. PreNedee of Leader's 8edaelty. 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 mo limited to, eminent domain.
<br />insolvency, code enforcement, or arrausiommu or proceedings involving a bankrupt or decedent, then Lender at Lender's option, upon notice
<br />to Borrower, may mate rich appearances, disburse such sums and take such action as is necessary to protect Lender's interest, including, but
<br />not limited to, disbursement of reasonable attorney's feet and entry upon the Property to make repairs. If Lender required mortgage insurance
<br />as a condition, of mating the loan secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />until such time a the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />law. Borrower shalt pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts dbburoed by Leader pursuant to this paragraph 7, with interest thereon, shall biome additional indebtedness of Borrower
<br />stared by We Deed of Trust. Unions Borrower and Lender ngrw to other terms of payment, such amounts shall be payable upon notice from
<br />Leader to Borroww requesting payment thereof, and shall bear interest from the date of disbursement at the rate pay" from time to time on
<br />outstndfeb principal under the Note unless paymet of interest at such rate would be contrary to applicable law. in which event such amounts
<br />slid bass "hurestat the highest ran perabdble unnsder applicable Inv. Nothing contained in this paragraph aph 7 shall require Lender to incur gay
<br />tntpaneeor take any action hereunder.
<br />g. IrApse en. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender stall
<br />give Borrower taoti , prior to my each inspection specifying reasonable awe therefor related to Lender's interest in the Property.
<br />S. Ceadonmd e. Tate proceeds of any award or claim for damages, direct or consequential. in connection with any condemnation or
<br />otbar taking of the Property, or port thereof, or for conveyance in lieu of condemnation. arc hereby assigned and shall be paid to Lender.
<br />In the evm of a told taking of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust, with the excess. if any.
<br />paid to Bortower. In the event of a partial taking of the Property. unless Borrower and Lender otherwise agree in writing. there shack be applied
<br />to the sums secured by this Deed of Trust wit proportion of the proceeds as is equal to that proportion which the aunount of the sums inured
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