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$6-- 107327
<br />If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which are
<br />insured or guaranteed by a Federal or state agency fincluding Leader if Lender is such an institution), Lender shall apply
<br />the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding
<br />and applying the Funds, analysing said account or verifying and compiling said assessments and bills, unless Lender
<br />pays Borrower into test on the Funds and applicable law permits Leader to make such a charge. Borrower and Lender
<br />may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower.
<br />and unless such agreement is made or applicable law requires such interest to be paid, Lender shall not be required
<br />to pay Borrower any interest or earnings on the Funds. Leader shall give to Borrower, without charge. an annual
<br />accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was
<br />made. The funds are pledged as additional security for the sums secured by this Deed of Trust.
<br />If the amount of the Funds held by Lender. together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes. assessments, insurance premium and ground rents. shall exceed the amount required to pay said
<br />uses, assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option,
<br />either promptly repaid. to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the
<br />Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground tents as they fall
<br />due. Borrower shall pay to Leader any amount necessary to make up the deficiency in one or more payments as Lender
<br />may require.
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any
<br />Funds held by Leader. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by
<br />Lender. Lender shall apply, no later than immediately prior to the sale of the Property or its - :quisition by Lender, any
<br />Funds held by Lender at the time of application as a credit against the stems secured by this Deed of Trust.
<br />3. Application of Paytnanas. Unless appticable law provides otherwise, all payments received by Lender tinder
<br />the Note and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by
<br />Borrower under paragraph 2 hereof. them to intent payable on the Note, and then to the principal of the Note.
<br />a. Prior Km*S a and Dade of Trwti CbmrM Iiws. Borrower shall perform all of Borrower's obligations
<br />under any mortgage. deed of trust at other security agreement with a lien which has priority over this Deed of Trost,
<br />including Borrower's covenants to make payments when due. Borrower shall pay or cause to be paid all taxes.
<br />assessments and other charges, fines and impositions attributable to the Property which may attain a priority over this
<br />Deed of Trust, and dessebold payments or ground rents, if my.
<br />S. Horner I Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by foe, hazards included within the term "extended coverage" and such other hazards as Lender
<br />may require and in such amounts and for such periods as Lender may require.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided,
<br />that such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form
<br />acceptable to Leader and shall include a standard tnortgage clause in favor of and in a form acceptable to Lender.
<br />Lender shall have the tight to hold the policies and renewals them-of. subject to the tams of any mortgage. deed of trust
<br />or other smaaity agreement with a lien which has priority over this Deed of Trust.
<br />In the event of loos, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof
<br />of Pas if not made Promptly by Borrower.
<br />If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date
<br />notice is mailed by Isader to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender is
<br />authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the
<br />Property or to the sums secured by this Decd of Trust.
<br />b. Pressit oe and Kdosen ere of Peepattty; Iwaseiraieis; Cowie iininses; Pbm=W Unit Devaiopeaents. Bor-
<br />rower shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the
<br />Property and shag comply with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed of Trout is
<br />on a unit in a condominium or a planned unit development. Borrower shall perform all of Borrower's obligations under
<br />the declaration or covenants creating or governing the condominium or planned unit development. the by -laws and
<br />regulations of the condominium or planned unit development, and constituent documents.
<br />7. Pntactlan of Las ier's See —ky. If Borrower fails to perform the covenants and agreements contained in this
<br />Deed of Trust, or if any action or proceeding is commenced which materially affects Lender's interest in the Property,
<br />them Leader, at Enrolee's option, upon notice to Borrower, may thane such appearances, disburse such stuns, including
<br />reasonable attorneys' facts, and take such action as is necessary to protect Lender's interest. If Lender requited mortgage
<br />insurance as a condition of making the loan sectored by this Deed of Trout. Borrower shall pay the premiums required to
<br />maintain such insurance in effect until such time as the requirement for such insurance terminates in accordance with
<br />Borrower's and LtmderIs written agreement or applicable law.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Note rate, shall
<br />become additional indebtedness of Borrower secured by this Dead of Trust. Unless Borrower and Lender agree to
<br />other terms of payment, such amounts shall be payable upon notice from Lender to Borrower requesting p. yment
<br />thereof. Nothing contained in this paragraph 7 shall requite Lender to incur any expense or take any action hereunder.
<br />g. Lgteeslar. Leader may make or cause to be made reasonable entries upon and inspections of the Property.
<br />provided that Leader shall give Borrower notice prior to any such inspection specifying reasonable cause therefor
<br />related to Lender's interest in the Property.
<br />9. GwisaanMfen. The proceeds of any award or claim for damages, direct or consequential. in connection with
<br />any condemnation or other tatting of the Property, or part thereof. or for conveyance in lieu of condemnation, are
<br />hereby assigned and shall be paid to Lender. subject to the terms of any mortgage. deed of trust or other security agree-
<br />ment with a lien which has priority am this Deed of Trust.
<br />10. lwrower Net Hebron ; Forbearance Illy Lander Net a Weaver. Extension of the time for payment or
<br />modification of of the sums secured by this Deed of Trust granted by Lender to any successor in interest of
<br />Borrower shall not operate to release. in any manner, the liability of the original Borrower and Borrower's successors to
<br />L
<br />interest. Leader shall not be required to commence proceedings against such successor or refuse to extend time f r pay -
<br />mewt or otherwise inroddy aeaortization of the sums secured by this Deed of Trust by reason of any demand made by the
<br />original Borrower and Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of anv such right or
<br />remery.
<br />11. Swreaaoasa and Aselwna beenit J*W and Svvaral LlabiUtyt Co- signers. The covenants and agtrnnenly
<br />herein contained shall bird, and the rights hereunder shall inure to, the respective WL etson and asttkns od Lender ,end
<br />&>rtttwer. sublett to the provisions of Paragraph 16 he:rmf. All etnrenants and agreements nl Aont,wer .11,11 t r win :end
<br />se%eral. At,y &xttTyer whocersigns this Dever of Trust, but does not execute the Note. (a);% co stgntnx thaw t*vd of 1 rust
<br />cmly w grant and cc+rtvey that Borrower's interest in the Property to Trustee under the terns. of chts i)mi ,,i I rusl. +h x
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