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applicab0aw requt u t t to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall
<br />give to Borrower, without chargge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each
<br />debit to the Funds sills liege 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 the due dates of taxes,
<br />assessments, insurance premiums and ground rents, shall exceed the amount required to pay sajd taxes, assessments, insurance premiums and
<br />ground rents as they fall due, such excess 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, insurance premiums and
<br />ground rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notic
<br />is mailed by Lender to Borrower requesting payment thereof. e
<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. If
<br />under paragraph 18 hereof the Property is sold of the Property is otherwise acquired by Lender. Lender shall apply, no later than immediately
<br />prior to the We 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 />secured by this Deed of Trust.
<br />3. Applimthm of pnYiasnts. Unless applicable law provides o_herwise, all payments received by Lender under the Note and paragraphs I
<br />and 2 hereof shall 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, then to the principal of the Note, and then to interest and principal on any Future Advances.
<br />4. Charges; ]LIM. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to the Property which
<br />may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the manner provided under paragraph 2 hereof
<br />or, if not paid in such manner, 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 paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Lender 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 secured by such lien in a manner acceptable to Lender, or shall in god faith contest such lien by, or defend 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. Hazard Insurance, Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by tire,
<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 require; provided, that Lender shall not require that the amoum of such coverage exceed that amount of coverage require d to pay
<br />the sums secured 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 manner 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 able nos and renewals thereof shad be in form acceptable to Lender and shall include a standard mortgage clause in favor of
<br />and a form acceptable a Lender. Lender shall have the right to hold the Policies and renewals thereof, and Borrower shall promptly furnish to
<br />Lender all renewal notices and all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br />Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br />damaged. provided such 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 />+PPlied to the 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 Lender 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 Proporty or to the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not 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 />h&rcof the Property is acquired by Lender, all right, title and 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 secured by this Deed
<br />of Trust immediately prior to such sale or acquisition.
<br />6.
<br />Property in good PresaMdelf, and Mmilgleffinsm of properly; L��
<br />o. Condominiums; Planted Unit Devslop®ents, Borrower shall keep the
<br />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 Dad of Trust is on a leasehold. 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 and regulations of the condominium or planned unit development, and constituent documents. If a condominium or
<br />planned unit development rider is executed by BoIT —L-r and recorded together with this Deed 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 Deed of Trust as if the rider were a pan
<br />hereof.
<br />7. action or proceeding of s Commenced 's Se which l If Borrower fails t Lender's interest covenants
<br />Property, agreements contained in this Deed of Trust, or if any
<br />casolvencY, code enforcement, or arrangements or Proceedings involving a bankrupt or dcedent. then Le deer at Lenderr''stoption, upon notice
<br />o Borrower, may snake Ruch appearances, disburse such sums 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 make repairs. If Lender required mortgage insurance
<br />as a condition of making the loan secured 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 %hall pay the amount of all mortgage insurance premiums in the manner provided under Paragraph 2 hereof.
<br />Any amounts disbursed by Lender Pursuant to this paragraph ,. with interest thereon, shall become additional indebtedness of Borrower
<br />seemed by this Dad of Trust. Unless Borrower and Lender agree to other terms of payment, such amounts shall be payable upon notice from
<br />lender to Borrower requesting payment thereof, and shall bear interest from the date of disbursement at the rate Payable from time to time on
<br />uuistading principal under the Note unless
<br />payment of interest at such rate would he contrary to applicable law, in which event such amounts
<br />Shall but inter"* at the highest rate permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender ro incur any
<br />expense or lake any action hereunder.
<br />Lg. i . Lender may make or cause he made reasonable entries "Pon and nu ,
<br />ai,'e Borrower notice Prior Loan such ins t d to Len or the f nest in ,Provided that Lender shall
<br />Y inspection specifying reasonable cause therefor related to Lender's interest In the Property
<br />9' ['o . The Proceeds of any award or claim for damages, daeo nr .-onsequemral. al connection with arty : ondenmanon or
<br />$brr faking of the Property, of Part thereof, or for conveyance In lira of corldenlnatlon. are hereby attlgllyd and strati be Pan , 1 dells
<br />h, ilia event fit I a the a taking of the Property, if tile Prceds shall be apphcal tc, the turns terurecl by thw I)recl of I ruse, wnh chi eecets, tl run.
<br />tie >d r,r Bt,rrowrr In the event of a Partial taking of the i'roperiv, uniess Br. roomer aril 1 cinder igherwi.c agree in wurinp• 11 ,j_. ,h.,ll hr aPphe,i
<br />i per tarrra ;rv,'urrd by thee "ced of 77dtt Such wormirnon of the Prmersh n, i, r;lual in that P'�4't „'nm 'I'i, h the .t n -..i. �,i i,,• ,�nm .rcur,•�1
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