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ap1lHAtvro�tii7o such interest to be paid, Lender shall not be required to 85--- 001556
<br />give to Borrower, without charge, an annual accounting of the Funds sho wing peredits rr rid debit too the Funds and the purpose for which h ea hl
<br />debit to the Fonds was made. The Funds are pledged as additional security for the sums secured by this Deed d Trust.
<br />If the amount of the Funds lurid by Lender, tog�n with the future monthly installments of Funds payable prior to the due data of taxes,
<br />r assessments, is they al premiums and ground rents, shall exceed the amount required to Pay said taxes, assessment, insurance
<br />ground erns+ 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 Premiums and
<br />amount of the Funds held by Lender shall not be sufficient to pay taxes, assessment insurance premiums and
<br />ground rents as they fall due, Horrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice
<br />is mailed by Lender to Borrower requesting payment thereof,
<br />Upon payment in full of all sums secured by shin Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Lender. If
<br />wider Paragraph o8 hereof the Property is soil or the Property is otherwise acquired by Lender, Lender shall apply, no later than immediately
<br />Prior to the sale Deed the Property or its acquisition by Lender, any Funds held by Lender at the time of application as a credit
<br />secured by this Ikea of Trust.
<br />against the sums
<br />3. Applked" of Paysil ass. Unless applicable law provides otherwise, all payments received by Lender under the Note and
<br />and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under Paragraph
<br />Payable on the Note, then to the rind paragraphs I
<br />Principal of the Note, and then to interest and rind P agraph 2 hereof, then to interest
<br />4. Chugea; Lkas. Borrower shall pay all taxes, principal on any Future Advances,
<br />may attain a priority over this assessment and other charges, fines and impositions attributable to the Property which
<br />Deed of Trust, and leasehold payment or ground rents, if any, in the manner provided under
<br />or, if not paid in such manner, by Borrower making Payment, when due, directly to he payee thereof. Borrower shall promptly furnish to
<br />Lender all nodes of amount due under this paragraph, and in tote event Borrower shall make a romp f 2 hereof
<br />furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which hasp priority over this Dee 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 a
<br />obligation secured by such lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien
<br />m, legal Proceedings which operate to prevent the enforcement of the lion or forfeiture of the Property en an P payment of the
<br />S. Hasard lasaraace. Borrower shall keep the improvements now existing or hereafter erected on the Proms thereof.
<br />hazards included within the term "extended coverage", Property insured
<br />as Lender may r ag and such other hazards as Lender may require and in such amounts and for such by fire,
<br />Y require; thi Deed that Lender shall not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the sums secured by this Deed of Trist.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that such a
<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 Proval
<br />All insurance B Payment, when due, directly to the insurance carrier.
<br />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. 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 receipt 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 />d Unless Lender and Borrower otherwse agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br />aniagod, provided such restoration or repair is economically feasible and the security of this Deed of Trust is not thereby m
<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 />applied to the sums secured b this Y Paired. If such
<br />Y 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 s the insurance carrier offers to
<br />setae a claim for insurance once 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 Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall in ! extend or
<br />date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such installments. If under
<br />hereof the Pro postpone the due
<br />party is acquired by Lender, all right, title and interest of Borrower in and to any insurance Paragraph 1 B
<br />thereof exulting from policies and in and to the proceeds
<br />datru� to tits Property prior to the sale or acquisition shall pass to Lender to the extent of the sums secured by this Deed
<br />of True immediately Prig to such sale or acquisiton.
<br />6.
<br />O 6. in a Y and shall of waste Prollift; �gO�. CoNomtalam; Punw Unit Dev
<br />Dermit impairment or deterioration of the Property Borrower shall keep the
<br />of any lease if this Deed of Trust is on a kaxhold. If this oPertY and shall comply with the provisions
<br />stall Perform all of Deed of Trust is on a unit in a condominium or a planned unit development, Borrower
<br />Borrower's obligations under the declaration or covenant creating or governing the condominium or planned unit
<br />developmens• the by-laws and rKulations of the ondomjnium or planned unit development, and consatunt documents If a condominium or
<br />PWultd unit development rider is executed by Borrower and recorded together with this
<br />rider shall be incorporated into and shall amend and supplement the cove Deed of Trust, the covenant and a
<br />hereof• covenants and agreement of this agreements of such
<br />7. prolselWis 91 Deed of Trust as if the rider were a part
<br />f aa�ar'sh. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any
<br />acv ®n or Proceeding is commenced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain,
<br />ittolvortcy, Code enforcement, or snangrntents or proceedings involving a bankrupt or decedent, then Lender at Lender's o
<br />to Borrower, may make such apptarenop disburse such sums and take such action u is necessary
<br />rant limited to, disbar piton, upon notice
<br />semen of reasonable attorney's e rep to protect Lender's interest, including, but
<br />at a condition of making the ban secured by this Decd off and entry upon
<br />shall to make repairs. If Lender required mortgage
<br />until such time as the r Pay the premiums required to maintain such insurce in effect
<br />oxluir aiout for such insurance # in terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />law. "lower rim shah e r the ermt of such
<br />all
<br />Any amoums disbursed by tender ms engage insurance Premiums in the manner provided under Paragraph 2 hereof.
<br />secured by this Mild of Trust. Unless Borrower rta to this Paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />[.cedar h Borrower r and I"" -ttder agree to other terms of Payment, such amounts shall be
<br />cwtst requesting Payment thereof, and shall bear interest from the date of disbursement at the rate payable upon notice eon
<br />Press at t to highest the Noe unless PMYtneitt of interest at such rate would be contrary to applicable law, in which aev nt Stich amounts oil
<br />shall btnv interest at the highest rate Permissible under a
<br />ex or take any ecti� hereunder, rate PPlicable law. Nothing contained in this paragraph 7 shall require lender to incur any
<br />a. Ian, Under may "Mile or cause to be
<br />give Bortowar uQtkc Prior to an made reasonable entries upon and inspections of the Property, Provided that Lender shall J
<br />y. e, Y such inspection specifying reasonable cause therefor related to Lender's interest in the Property.
<br />ntfaer taking of the Pr the Proceeds of any award or claim for damages, lirttt of cmiscyuential, in connection with any cundernuacion ur
<br />tY, ter part thtxrmf, of for conveyance in lieu of condemnation, are hereby assigned and shalt t,<
<br />In the event of a total taking a the Properly. the Prrxceds shall be applied 10 the sums secured by slue Decd of I rust. N nh the ores., tf any.
<br />;said to the eve ' In the event Paid to I ruder.
<br />cut of a partial taking of rite 11ntpeety, Unless Horrowet alld I coder (llhetw1w dgrer nl Nell lrlp, ill l9 (t s11U11 Ile at)pht \I
<br />ro tt(e hurt', °e,:ured by this DcVd of Trust such Propir i nl of the proq eeds a, 1, eryual to that Prot which the orients" „� the• ones ,a-untl
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