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07-- 100002 <br />applicable law requitqucb jntgest to be paid, Larder shall trot be required to psy Borrower any interest or aniop on the hoods. Lander shall <br />give to Borrowarp withow eheirje, an armor d accounting oftt*yPmeds sboft cradle wed debits to the Funds ad the putpae for which rah <br />debit to the Funds was made. The Funds at $a* s addillmifil saarity for the arses secured by this Dad of Trace. <br />If the amount of the Funds held by Leader, toptlier wits the fame moo ft iesud oma of Pwds payable prior to the doe dome of tares. <br />j� usasmmI . iasmaesoe presmtoms and ground nrta. AO mind the swam tsgoirwl to pay sold tarn, asasasoasa. inure oe psesietsas and <br />I Ipu= tests as they fall due, such cocotte shat! be, st Doerowar's option. edict ptompdy rspoid to hlorroww or ctsdkW to Ra.m err oa ruowW <br />ioKallesats of Feeds If the mom of the Poink held by Lander shall ant be sufficient to pay Comm assammsm. isateraa it piss. and <br />ground Tenn as they fall due. Bortowa shall pay to Leader any amount nt moms ry to salts up the ddkimcy within 30 days foam the dote notice <br />is coaled by La ider to Borrower requesting payment thereof. <br />Upon payment in fall of all sums secured by this Dad of Trost. Lewder shat promptly rdlued to Borrows any Fads bold by Lands. If <br />under paraIl 1 18 hereof the Property is sold or the Property Is otherwise acquired by Lander, Lander shall apply. so lm or tin issedisdy <br />prior to the sale of the Property or its aogttist:aa by Lander, any Funds held by Lasda at the time of application as a a s& against the suss <br />secured by this Dad of Trust. <br />3. Approliw of lhgsssss Unless applicable law provides otherwise. at paysaas received by I ceder under the Note and paragraphs 1 <br />and 2 hereof shall be applied by Leader tint in payment of amounts payable to Lander by Borrower under paragraph 2 hereof, then to imtaat <br />payable on the Note, then to the principal of the Note, and than to interest and principal on any Future Advances. <br />4. Cloogas Liss. Borrower shall pay at taus, uNnu mn and other charges, fines and impoidoim mttn'botabie to the Property which <br />may attain a priority over this Deed of Trues, and Wambold payments or 1posaed roots, if any, in the maemer provided wader pera1; 1 2 bwwf <br />or, if act paid in such mascot, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to <br />Lender all notices of amounts due under this passraph, and in the event Borrower shall maize payment directly. Borrower shat promptly <br />furnish to Lender receipts evidencing such payments. Borrower shall promptly 11 mrge any lien wbhh has priority over this Deed of Trust. <br />provided, that Borrower shall not be required to discharge any sue% lien so long as Barrows shat agree in wridetg to the payment of the <br />obligation secured by such lien in a mama aooepts to Lander. or shall in god fahh contest such Ken by, or delm d enforcement of such lien <br />m, legal proceedings which operate to prevent the enforcement of the limo or forfeiture of the Property or any part thereof. <br />S. Raved lwraeoe Borrower shad keep the improvtmesn now existing or hereafter erected cis the Prtrpsty insured against lot by fim <br />hazards included within the term "aaeoded covage ". and arch other hazards m Lander may require and is such mentions and for such periods <br />as Leader may requis provided, then Leader shall sot require that the amount of arch coverage exceed that amount of coverage required to pay <br />the sass served by this Deed of Trust. <br />The sesaramce carrier providing the numance shall be chosen by Borrower subject to approval by hander provided, that such approval <br />AM no be umannaNy withheld. All pressitms on inimaooe policies shat be paid in the mama provided under pmreQaph 2 hereof or. if not <br />paid in such msner. by Borrower making payment, when due, directly to the bowee a carrier. <br />AN' policies and renewals thereof shall be in form accept alAe to Lauder and shmH dmclude a standard mortgage chmse in favor of <br />and aim form acceptable to fader. Leader shat have the rWd to hold the policies and renewals thereof. and Borrower shaft promptly furnish to <br />Leader all rooewal notion and all receipts of paid premiums. In the event of loss, Borrower shall give prompt entice to the insurance carrier and <br />Leader. Lender may make proof of iota if not made promptly by Borrower. <br />Unless Leader and Barrows otherwise ague in writing, iesmasce pcocweds shat be appWd to rasmeadan or tepeir of the Property <br />damaged, provided such restoration or repair is economicaty feasible and the security of this Dad of Truer is ant thereby isI If such <br />re mormioa or repair is cot comer sicaty feasible or if rho marity of this Dad of Trust would be impaired, the iesmeeee prooads shat be <br />applied to the soma setar A by this Deed of Trsa, whh the enow if aey. paid to Borrows. If the Property is al ached by Borrower, or if <br />Borrows fait to respond to Lender wMd 304M from the dine notice is nailed by leader to Borrows that the imarie ce zanier offers to <br />settle a chase for insurance bandits. Leader is aurhorised to collect and apply the insurance proceeds at I.oeder's option tether to ratormu m or <br />repair of the Property or to the rim secured by this Dad of Treat. <br />Unless Linder and Borrower otherwise agree in writia{, any each application of proceeds to principal shat ant attend or pouspome the due <br />disc of the moahly imaatmesa referred win paragraphs I and 2 6aaof or change the amount of such iesatseeets. If under puragr II IS <br />hereof the Property is acquired by Lender, at right. title and ieaeresn of Borrows in and to any ieasaece policies and in and to the proneeds <br />thereof resuf img from damnge to the Propsty prior to the sale or acquisition shall per to Leader to the errant of the arms secured by this Deed <br />of Test immediately prior to such ink or acquisition. <br />ti, leasvhYa s and 1lgddsana of Pre esty t Lesshaib; Cedemiaiame; rimmed Uwk Derdapssao. Borrows shall keep the <br />Property in good repair and shall not commit waste or permit impairment or deterioration of the Property ad shat comply with the provisions <br />of any lax if this Deed of Trust is on a loemehold. If this Deed of Trust is on a unit in a condommios or a phmmed unit developmee4 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 and regulations of the condominium or planned unit development, and constituent documents. If a condominium or <br />planned unit development rider is execuged by Borrower and recorded together with this Deed of Trust, the oovemarts and agreaoents of such <br />rider shall be incorporated into and shall amend and supplement the covenants ad agreements of this Dead of Trust as if the rider were a part <br />hereof. <br />7. Pieftedw of Undoes Saearky. 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, inclu ding, but not limited to, eminent domain, <br />wooivency, code enforcement, or arrangements or proceedings involving a bankrupt or decadent, then Lender at Leader's option, upon notice <br />to Borrower, may matt such appearances, disburse such stints and take such action as is necessary to protect Leader's interest. including, but <br />not limited w. disbursement of reasonable attorney's fees and entry upon the Property to make repairs. If Lender required mortgage insurance <br />as a condition of making the khan saved by this Deed of That. Borrower shall pay the premiums required to maintain such insurance in effort <br />—it such .- ., the rmai.emevt fns -3ch ...w.:rs.r« in acmdsuur with Borrower's and Lender's written acre meet 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 i -&der pursuant to this paragraph 7, with interest thereon. shall become additional indebtedness of Borrower <br />secured by this Deed of Trust. Unlss Borrower and Lender agree to other terms of payment, such amounts sball be payable upon notice from <br />Leecder to Borrower requeait.�g payment thawf, and shall bear interest from the date of disbursement at the raw payable from rime to tinge on <br />oumrtadhg principal erodes the Note unties payment of ifficrere at such rue would be c om " to appliabk law, in which event such amounts <br />shall bop interest at the him rate peraussible under applicable law. Nothing "musined in ibis paragraph 7 shall require Lender to incur any <br />esgfeme or take any action hereasder. <br />B. htsgaellan. Leader may make or cause to be made reasonable entries upon and inspections of the Property. provided that Lender shall <br />give Borrower notice prior to my such inspection specifying remonablee cause therefor related to Lender's interest in the Property. <br />1. CeudmonAl a. The procaeds of any award or c1Nm for damages. direct or consequential, in connection with any condemnation or <br />other taking of tht Property. or give thereof. or for conveyance can lieu of condemnation, are hereby assigned and shall be paid to Lender. <br />In the event of s total taking of the Property, the proceeds shall be applied to the turns secured by tin Dead of Trust, with the access, if am. <br />paid to Borrower in the event of a partial taking of the Property. unless Borrower and Lender otherwise agree in writing, that shall be appitc-i <br />to the strews ift -cared by this 17eed of Trust such proportion of the proceeds as is equal to that proportion which the amount of the sums terurrd <br />,' <br />