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8s- 107405-
<br />appiicabie hawerei*ft interest to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. [.miff olnU
<br />live to Borrower, wabosit dNge, an annual accounting of the Funds showing credits aid debits to the Funds std the purpose for which each
<br />debit to the Faadrwtn guide. The Fuads arc ptadled a additional security for the sums secured by this Deed of Trust.
<br />If the anoint of the Fowls hold by Lender, together with the future monthly inaallmena of Funds payable Prior to the due data of tarn,
<br />aeoees on% fatsoeaatsp iums and ground reaps, shalt exceed the amount requited to pay said tam, nsenments, insurance premiu ms and
<br />send note n they fall dne, such a oea dhd be, et Dwrowees option, dtha prompty repaid to Boffoww or Brained to Dorrows oo mwOW
<br />inuallbsiassa ofPoods. It Me amount of the Foods held by Leader shall not be sufficient to pay taxes, aaeeements, isseur"M promloon and
<br />ground "ere tiny fah dos, sorsowes shalt pay to P Bader any amount necessary to make up the deficiency within 30 days from the due notice
<br />is mailed by Leader to Dot own requestiag Payment thereof.
<br />Upon 1 m3 — is fat of d some secured by this Deed of Trust, Lender shall promptly refund to Borrower goy Funds hold by Leader. If
<br />under pengraph 18 law the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply, no law than immediately
<br />prior to the ask of the Property or its acquisition by Leader, any Fainds held by Lender at the time of application a a credit [against the sutras
<br />seared by thieDs eel of Trstet.
<br />3. Appindles of Psi 1 Unless applicable law provides aherwise, all payments received by Lender under the Note and paragraphs 1
<br />and 2 hereof [dial be applied by Leader first in payment of amounts payable to leader by Borrower under paragraph 2 hereof, then to interest
<br />payable off the Note, that to the principal of the Note, and then to interest and principal on any Future Advances-
<br />4. 4. Chagsr 1"m Borrower shall pay all taxes, assessments and other charges, floes and impositions attributable to the Property which
<br />may attain a priority over this Dad of Trusts and touehold payments or ground rents, if any, in the manna provided under paragraph 2 hereof
<br />or, if ant paid in such manta. by Borrower making payment, when due, dixudy to the payee thereof. Borrower shall promptly furnish to
<br />Leader all notices of amounts due ntnder this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />hwmsh to Leader receipts evidencing such payments. Borrower shalt promptly discharge any lien which has priority over this Deed of Trust;
<br />provided, that Borrower slitll mat be required to discharge any such lien so tons as Borrower shall agree in writing to the payment of the
<br />obligation anted by such lien in a marina acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien
<br />in. IMM proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Ilaord h asnsce. Borrower shall keep the improvements now existing or hereafter erected on the Property insured age mat loss by Fire,
<br />hazards isdwded within the term "encoded coverage', and such other hazards as Lender may require and in such amounts and for such periods
<br />as Lender may--quire; provided, that Lender shall not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the seas secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by leader; provided. that such approval
<br />shall not be unremoaably withheld. AN premiums on insurance policies shall be paid in the manna provided under paragraph 2 hereof or, if not
<br />paid in such mesear, by Borrower making payment, when doe. directly to the insurance carrier.
<br />Al insrasee policies and renewals thereof stall be in form acceptable to Lender and shall include a standard mortgage clause in favor of
<br />and in form aooeptabie to Leader. I ender shall have the right to hold the policies and renewals thereof, and Borrower shall promptly furnish to
<br />Lender all renewal erotica and all recciM of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br />Leader. leader may make proof of has if net made promptly by Borrower.
<br />Uabw Lander and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br />daosged, peovidal such restontlos or repair n economically feasible and the security of this Deed of Trust is not thereby impaired. If such
<br />rwlorartos of repair is ant economically feasible or if the security of this Deed of Trust would be impaired, the insurance proceeds shall be
<br />applied to tie stns escarad by this Dad of Trust, with the excess. if any, paid to Borrower. if the Property is abandoned by Borrower. or if
<br />Borrower fads to respond to La dw within 30 days from the dart notice is mailed by lender to Borrower that the insurance carrier offers to
<br />settle adi its for hssttaace bocsefita, Leather 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 llama secured by this Deed of Trust.
<br />Ualea IAoder and Borrower otherwise agrete in writing, gay such application of proceeds to principal shall not extend or postpone the due
<br />date of the monthly instalments referred to in paragraphs I and 2 hereof or change die amount of such installments. if undo paragraph 18
<br />hereof the Property is tstogtuire'by leader. all night. title and interest of Borrower in and to any insurance policies and in and to the proceeds
<br />thereof ramltin frog die to the Property prior to the sale or acquisition shall pass to Lender to the extent of the sums secured by this Deed
<br />of Tni st imasadately !riot to such sale or acquisition.
<br />C Fivssevnllas and Alleh lsaasta of heparin Leaaeholia: CasdamWnms; LMarsd Usk Dawiaperials. Borrower shall keep the
<br />Property is good repair and shat not commit waste or permit impairment or deterioration of the Property and shell comply with the provisions
<br />of any lease if this Deed of Trent is on a leasehold. I f this Deed of Trust is on a unit in a condominium or a planned unit development. Borrower
<br />shall perform ail of Borrower's obliptiom under the declaration or covenants creating or governing the condominium or planned unit
<br />development. the bylaws and repbttiom of the condominium or ph umcd unit development. and constituent documents. If a condominium or
<br />Pleased unit development rider is executed by Borrower and recorded together with this Deed of Trent, the coveniu s and agreements of such
<br />rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Dad of Trust: as if the n eder were a part
<br />hereof.
<br />7. Prwestias of !Anders Sessaeky. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any
<br />action or proceeding is eoaso s ced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain,
<br />insolvency, code e•farosmast, or arrangements or proceedings involving a hankrupt or decedent, then Lender at Lender's option, upon notice
<br />to Borrower, may ago such appearaaoa, disburse such stems and take such action as is necessary to protect Lender's interest, including, but
<br />sat liarhad to, olabstsaoss. of reoonable attorney's fees and entry upon the Property to make repairs. if Lender required mortgage insurance
<br />as a condhion of oskisg the loss second by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />uM0 secdt [last M the eagairemaa. for such insurance terminate& in accordance with Borrower's and Lender's written agreement or applicable
<br />law. Bo nowes slid pay the amonat of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amasers ditobtsrae I by Wider pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />secured by tills Dead of Tract. Udwa Bonowei and Leader agree to other terms of payment, such amounts shad be payable upon notice from
<br />Lsrciar to BaerDSrer raghaaairhg payossa thereof, and shall bar interest from the date of disbursement at the rate payable from time to time on
<br />oaftesidlag priselpat under the Now whkas payment of interest at such rate wuuW be contrary to applicable law, in which event such amo;:nts
<br />slid beer to sno at the hijsert rose peraeifsibk under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any
<br />e xpame or is" any ac des hevessa t.
<br />L IyMlls e. LaW r nssy asks or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shall
<br />give Borrower ntnisa pri r to any such ioapeaion spaafying reasonable cause therefor related to Lender's interest in the Property.
<br />!. C nd mndss. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or
<br />otdser ratting of the Property, or pan thereof, or for conveyance in lieu of condemnation. are hereby assigned and shall be paid to Lender.
<br />is the" M d a UMW taking of the Property, the proceeds shall be applied to the sums secured by this teed of Trust, with the excess, if any.
<br />paid to Baerewar. In the avow of a partial taking of the Property. unless Borrower and Lender otherwise agree in writing, there &hail he applied
<br />to [die sows see: by this Dead of Trot such proportion of the proceeds as is equal to that proportion which the amount of the sums secured
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