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<br />applicable law requires such interest to be paid, Lender shall not be required to pay Borrower may interest or turnings on the Funds. Lender shall
<br />give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each
<br />debit to the Funds was made. The Furls are pledged as additional security for the van awed by this Deed of Trust.
<br />If the amount of the Funds held by Leader, together with the future monthly installments of Funds payable prim to the due does of taxes,
<br />asseumuenq, insurance premiums and ground rents, shall exceed the amount required to pay said taxes, asswmaks, insurance premiums mad
<br />ground raps as they fall due, such amen shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on mosuhly
<br />installments of Funds. If the amount of the Funds held by Leader shall not be sutfkieat to pay taxes, assessments, insurance premiums and
<br />ground rents as they fall due, Borrower shall pay to Leader any amount necessary to nuke up the deficiency within 30 days from rite date notice
<br />is mailed by Leader to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Leader. If
<br />under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Leader shall apply, so later than immediately
<br />prior to the sale of the Property or its acquisition by Lender, any Funds held by Lander at the time of application as a credit against the teems
<br />secured by this Deed of Trust.
<br />3. Ap/reaUmm of Payr•emu. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs I
<br />and 2 hereof shall be applied by Lender first in payment of amounts payable to Leader by Borrower under paragraph 2 hereof. then to interest
<br />payable on the Note, that to the principal of the Note, and that to interest and principal on any Future Advacces.
<br />4. Citarpw Liens. Borrower shall pay all taxes, assessments and other charges, fuses and impositiora attributable 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 in such mamma, by Borrower making payment, when due, directly to the payee thereof. Borrower shalt promptly furnish to
<br />Lender all notices of amounts der under this paragraph, and in the event Borrower shall make payment directly. Borrower shall promptly
<br />furnish 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 lint so long as Borrower shall agra in writing to the payment of the
<br />obligation secured by such lien in a mantra acceptable to Lender, or shall in good faith contest such lien 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 />S. llamrui lasramoe. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire,
<br />hazards included within the tam "extended coverage ", and such other hazards as Leader may require and in such amounts and for such periods
<br />as Lend- may require; provided, that Lemdet shall not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the sums secured by this Deed of Trost.
<br />The mattrance carrier 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 policies shall be paid in the manner provided trader paragraph 2 hereof or, if trot
<br />paid in such manner, by Borrower making payment. what due. directly to the insurance artier.
<br />AB insurance polities and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage clause in favor of
<br />and in form acceptable to L ender. Lender shall have the right to hold 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 loss, Borrower shall give prompt notice to the insurance carrier and
<br />Leader. Lender may snake proof of loss if not made promptly by Borrower.
<br />Unless; Lander and Borrower otberwve apse in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br />dammed. provided such restoration or repair is economically feasible and the security of this Deed of Trust is act thereby impaired. If such
<br />restoration or repair is not economically fasibk or if the security of this Deed of Trust would be impaired, the insurance proceeds shatl be
<br />applied to the sums secured by this Deed of Trust, with the excess. if any. paid to Borrower. If the Property is abandoned by Borrower. or if
<br />Borrower fails to respond to Lender within 30 days from the dare notice is mailed by Lender to Borrower that the insurance carrier offers to
<br />settle a claim for insurance benefrts, Lender is authorised to collect and apply the insurance proceeds at Lader's option either to restoration or
<br />repair of the Property or to the sums secured by this Deed of Trot.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shalt not attend or postpone the due
<br />due of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of such installments. If under paragraph 18
<br />hereof the Property is acquired by Lender, all right, title and Interest of Borrower in and to any imtrenoe policies and in and to the proceeds
<br />thereof resulting from damage to the Property prim to the sak or acquisition shall pass to Leader to the cam of the sums secured by this Deed
<br />of Trust immediately prim to such sale or acquidtiom.
<br />6. Pre sarraUom and IlfaINmamoe of Property; LeaselseW Cedandiden , Planted Usdt Developments. 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 provisions
<br />of any lase if this Deed of Trust is on a leasdtold. 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 obligatious 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 and agreements of such
<br />rider shall 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. ProsecO m of I.ewWs 9aeorky. If Borrower fails to perform the covenants and agreements containerd 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, eminent domain,
<br />insolvency, code enforcement, or arrangements or proceedings involving a bankrupt or decedent, then Lender at Lender's option, upon notice
<br />to Borrower, any make such appearances, disburse such stuns 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 mongape insurance
<br />as a condition of making the loan secured by this Deed of Trust, 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 />taw. Borrower shall pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />secured by this Deed of Trust. Urdess Burrower and Lender agree to other tams of payment, such amounts shall be payable upon notice from
<br />Leader to Borrower requesting payment thereof, and shall bear interest from the date of disbursement at the rate payable from time to time on
<br />outstanding principal under the Note unless payment of interest at such rate would be contrary to appiiable law, in which event such amounts
<br />shag bear interest at the highest rate permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any
<br />expense or take any action hereunder.
<br />8. Iaspecllom. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shalt
<br />give Borrower notice prior to any such inspection speeafying reasonable cause therefor related to Lender's interest in the Property.
<br />f. Gtdsmrm 1 . The proceeds of any award or claim for damages. direct or consequential. in connection with any condemnation or t
<br />other taking of the Property, or pan 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 any.
<br />paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender otherwise agree in writing, there shall he applied
<br />to the sums secured by this Deed of Trust such proportion of the proceeds as is equal to that proportion which the amount of the sums secured
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