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85- 000083
<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 (including Lender if Lender is such an institution). Lender shall apply
<br />I the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge, for so building
<br />gand applying the Funds, analyzing said account or verifying and compiling said assessments and bills, unless Leader,
<br />pays Borrower interest on the Funds and applicable law permits Lender to mate such a charge. Borrower ansd
<br />! may agree in writing at the time of executes of this Dead of Trust that interest on the �psk
<br />and unless such agreement is made or applicable law requires such intend to be paid; Lender shag tsat bR
<br />to pay Borrower any interest or carmimgs on tine Funds. Lender shall ghe to Dwaowa. WWWW,dl st,
<br />accounting of the Furls showing credits and debits to the Funds MW the purpose for wlrlch each theispl . -
<br />made. The Funds an pledged as additional security for the sums secured by thfa Decd of rust.
<br />If the aunt of the Funds held by Lem, together with the future !=WkKUU o lb
<br />the due dates of taxes, assessments, insurance premiums and ground rents, sW exceed the s �
<br />taxes, assessments, insurance premiums and ground rents as they fall due, such excess sedan, ati '
<br />either promptly repaid to Borrower or credited to Borrower on monthly imtsllmonnts of Funds. If ft maout* -4
<br />Funds held by Lender shall not be sufficient to pay taxes, aueessments, insurance premium and ground rhs'
<br />dune, Borrower shall pay to Lender any amount necessary to make up the deficiency in one or MOM >at
<br />may require.
<br />Upon payment in full of all sums secured by this Deed of Trust, Leader shall aptly refund to
<br />Funds held by L ender. If under paragraph 17 hereof the Property is sold or the Property is otherwise an d b�
<br />Lender, Lender shall apply, no later than immediately prior to the sale of the Property or its acquisitions by Lender, any
<br />Fonds held by Leader at the time of application as a credit against the sums secured by this Dead of That
<br />3. Appillontlets of Payments. Unless applicable law provides otherwise, all payments received by Leader under
<br />the Note and paragraphs l and 2 hereof shall be applied by Lender first in payment of amounts paw to Lander by
<br />Borrower under paragraph 2 hereof, then to interest payable on the Note, and then to the principal of the Neat.
<br />4. Prier Manttgoges and Deogi of Treat; Charges; Lkm. Borrower shall perform all of 's obligations
<br />under any mortgage, doped of trust or other security agreement with a lien which has priority over this Deed of TruI
<br />including Borrower's covenants to make payments when dune. Borrower shall pay or cause to be paid all tones,
<br />assessments and other charges, furs and impositions attributable to the Property which may attain a priority own this
<br />Deed of Trust, and kavehold payments or ground rents, if any.
<br />S. lamed Irraeaues. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage" and such other hazards as Immkr
<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 Leader; pro idec
<br />that such approval shall not be unreasonably withheld. All insurance popes and renewals thereof shall be in a form
<br />acceptable to Lender and shall include a standard mortgage clause in favor of and in a form acceptable to Lender.
<br />Lender shall have the right to hold the policies and renewals thereof. subject to the terms of any mortgage. deal of trust
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<br />or other security agreement with a lien which has priority over this Deed of Trust.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof
<br />of loss if not made promptly by Borrower.
<br />If the Property is abandoned by Borrower, or if Borrower fails to respond to :. ;der within 30 days from the date
<br />notice is mailed by Lender 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 Deed of Trust.
<br />`. Pr7aanad m and MalleMnanoe of Property; Laeeb"l t Planned Usk DovelaNmii. 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 shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. if this Diced of That 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. Pewswdm of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this
<br />Deed of Truest, or if any action or proceeding is commenced which materially affects Lender's interest in the Property.
<br />then Leader. at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums, including
<br />reasonable attorneys' fees, 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 secured by this Deed of Trent. 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 />Roffewer's and Lender's written agreement or applicable law.
<br />Any amounts disbursed by Leader pursuant to this paragraph 7, with interest thereon, at the Note rate, shall
<br />become additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to
<br />other terms of payment, such amounts shall be payable upon notice faun Lender to Borrower requesting payment
<br />Nothing contained in this paragraph 7 shall require lender to incur any expense or take any action hereunder.
<br />IL bwpocdm. Lender may make or cause to be trade reasonable entries upon and inspections of the Property,
<br />provided that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor
<br />related to 's interest in the Property.
<br />!. ComdmuwAke. The proceeds of any award or claim for damages. direct or consequential, in connection with
<br />any condemnation or other taking of the Property, or par 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 align which has priority over this Deed of Trust.
<br />W. Rogrewater No Relegaggell Flarbearioncia By Levider Not a Walver. Extension of the time for payment or
<br />modification of amortization of the sums vxurad by this Deed ore 'Trust granted by Lender to any successor in interest of
<br />Borrower mall W operate to release, in any manner, the liability of the original Borrnwcr and Borrolstr's successors in
<br />Interest, Under shall not be required to commence proceedings against such successor tr refuse to extend time for pay-
<br />mat or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the
<br />original Borrower and Borrower's suc in interest. Any forbcarau c by Under in exercising any right or remedy
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<br />hicrigurider, or otherwise afforded by applicable law, shall not lr a waiver of net preclude the exercise of any such right or
<br />tragedy.
<br />11. t Joint nt and Several t Co-signers. Me covenants and agreements
<br />herein contained %hall hind. and the rights hereunder shall inure tie. the rr%1lCatn a %ucce%sor% and as \r #n-, lit I miler and
<br />Borrower. %ubgect to the provisions of paragraph Ire hereof, All covenant% anti agreements of Mirrower shall be wins and
<br />wi,eral. Ary Bostrower who co -signs III Deed 44 bong. hug coca nett execute tlx Note, dal r% e., %rp;nintg tile% Deed .,I I ru%t
<br />eutgr to grant and %unwit that lkirroewcr', inicreo m the lli q erty tt, i nil %tee nndce the lvrn„ .+t 1111, f feed .,I i ru%1. +) t%
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