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I
<br />107346
<br />applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Leader shall
<br />give to Borrower, without charge, an annual accounting of the Funds showing credits awed debits to the Funds and the purpose for which each
<br />debit to the Funds was made. The Funds are pldged as additional security for the suns 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 the due dates of caeca,
<br />amts, imainume premiums and ground raps, shall exceed the amount required to pay said toes, mensmeNs, itnuri ace premiums and
<br />gtroued taws d they fall dun. such exam shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />installments of Funds. If the amount of the Funds held by lender shall not be sufficient to pay taxes, assessments, instate ce premiums and
<br />pound rants as city fall dun, Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice
<br />is mailed by lewder 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 Lender.::
<br />under paragraph It hereof the Property is sold or the Property is otherwise acquired by Lender, lender shall apply. no later than immediately
<br />prior to the ask of the Property or its acquisition by Lender, any Funds held by Lender at the time of application as a credit against the sums
<br />stored by this Dead of Trust.
<br />3. AppliraYea of Pgmals Unless applicable law provides otherwise, all payments received by Lender under the Note said paragraphs I
<br />and 2 heed shalt be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br />payable on the Note, than to the principal of the Note, and then to interest and principal on any Future Advances.
<br />4. CWW Uses. Borrower shall pay all axes, assessments and other charges, titles and impositions attributable to the Property which
<br />may attests a priority over this Dad of Trust, and leasehold payments or ground rents, if any, in the manner provided under paragraph 2 hereof
<br />or, if nor paid in web manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to
<br />I erodes all notices of amounts due under this paragraph, and in the event Borrower shall snake payment directly, Borrower shall promptly
<br />furnish to Leader 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 lien so long as Borrower shall agree in writing to the payment of the
<br />obligation teased by such lien in a manna acceptable to Lender, or shall in good faith contest such lien by, or defect 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. Berard fassrasee. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire,
<br />hazards included within the term "extended coverage ", and such other hazards as Lender may require and in such amounts and for such periods
<br />as lender may requre; provided, that Leader shall not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the suns sacred by this Deed of Trust.
<br />The insurance 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 manna provided under paragraph 2 hereof or, if not
<br />paid in such manner, by Borrower making payment, when due, directly to the insurance carrier.
<br />All insurance policies 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 Lender. Lander 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 curia and
<br />Leads. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless leader and borrower otherwise ape in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br />damaged, provided asset restoration or repair is economically feasible and the security of this Deed of Trust is not thereby impaired. If such
<br />restoration or repair is not economically feasible or if the security of this Deed of Trust would be impaired, the insurance proceeds shall be
<br />appiisd to tie 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 Leader within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to
<br />settle a claim for insurance benefits. Lender is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or
<br />repair of the Property or to the sums secured by this Dead of Trust_
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall Dot extend or postpone the due
<br />date 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 Prouty is acquired by I dada, all right, title said interest of Borrower in and to any insurance policies and in and to the proceeds
<br />thereof resulting from damage to the Property prior to the sale or acquisition shall pass to Lender to the extent of the sums sacred by this Deed
<br />of Trust immediately prior to such sale or acquisition.
<br />ti. Praasrvaties ash lifrinteawoe of Property; Lemeiolir Com/omiWms; Finessed Usk Devdapmsrls. 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 lease if this Deed of Test is on a iaasehold. 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 obligations under the declaration or covenants creating or governing the condominium or planned unit
<br />development, the by -laws add 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 Dead 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 Dead of Trust as if the rider were a part
<br />hereof.
<br />7. hoMeThea d IASbr's 9et7rfty. 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 rot limited to, eminent domain,
<br />insolvency, code enforcement, or arrangements or proceedings involving a bankrupt or decedent, then Lender at i ender's option, upon notice
<br />to Borrower, may make such appearances. disburse such stems 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 snake repairs. if Lender required mortgage insurance
<br />as a condition of making the lose scarred 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 />law. Borrower shall pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Leader pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />secured by this Deed of Treat. Udsm Borrower and Lender agree to other teams of payment, such amounts shall be payable upon notice from
<br />Larder to Borrower requesting payment thereof, and shall bear interest from the date of disbursement at the rate payable from time to time on
<br />ou blee ling principal insider the Note unless paymicat of interest at such rate would be contrary to applicable law, in which event such amounts
<br />AM bear interest at the highest rue permissible under applicable law. Nothing contained in this paragraph 7 shall require Leader to incur any
<br />expense or take my action ieramda.
<br />t. lope llas. Leader ratty sake or cause to he trade reasonable entries upon and inspections of the Property, provided that Lender shall
<br />give Dtrrower notice prior to my web inspection specifying reasonable cause therefor related to Lender's interest in ft Property.
<br />9. Casdsm fidw. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or
<br />other taping of the INopm Y, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be pail to Lender
<br />la the eveat of a told taking of the Property, the proceeds shall he applied to the stuns secured by this Deed of Trust, with the excc". it Inv.
<br />paid to Borrower. In the event of a partial taking of the Property, unless Borrower and lender otherwise astree in writing. there shall be applied
<br />to the turns mKwed by this Deed of Trust ouch prtrmucin of the pnx'etxis as is equal to that protxxtion which the aniount of the +arms se.urect
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