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<br />85-= 002000
<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 />the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding
<br />and applying the Funds, analyzing said account or verifying and compiling said assessments and bills, unless Lender
<br />pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and bender
<br />may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shalt be paid to Borrower,
<br />and unless such agreement is made or applicable law requires such interest to be paid, Lender shall not be required
<br />to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without char
<br />accounting of the Funds showing credits and debits to the Funds and the u charge, an annual
<br />made. The Funds are led purpose for which each debit to the Funds was
<br />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
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the
<br />i taxes, assessments, insurance premiums and ground rents as they tall due, such excess shall be �at Borrower'spoptiioon
<br />either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the
<br />Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums
<br />to make up the deficiency in one or more a tents as they fall
<br />due. Borrower shall pay to Lender any amount necessary may require. Payments as Lender
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower an
<br />Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by
<br />Lender, Lender shall apply, no later than immediately prior to the sale of the Property or its acquisition b Lender
<br />Funds held by Lender at the time of application as a credit against the sums secured rt this Deed acquisition
<br />Trust. y • any
<br />3. Application of payments. Unless applicable law provides se, all otherwi a
<br />the Note and paragraphs I and 2 hereof shall be applied by Lender first a payments received by Lender under
<br />Borrower under paragraph 2 hereof, then to interest payable on the Note, and h a to the principal of the payable to Note. Lender by
<br />`t• prior Mo+rttages and Deeds of Trust; Charges;
<br />under any mortgage, deed of trust or other security �. mower shall perform all of Borrower's obligations
<br />including Borrower's covenants to make a y agreement with a lien which has priority over this Deed of Trust,
<br />assessments and other char payments when due. Borrower shall pay or cause to be paid all taxes,
<br />charges, fines and impositions attributable to the Property which may attain a priority over this
<br />Deed of Trust, and leasehold payments or ground rents, if any.
<br />S. H+�� Iassrrance. 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 Lender
<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 Lender; provided,
<br />that such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form
<br />acceptable to [ender 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. deed of trust
<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 Lender 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 />6• preseevation and Malatenance of Property; L aseholds; Condominiums; Planned Unit Developments.
<br />Bor-
<br />rower shall keep the Property in good repair and shall not commit waste or n the
<br />Property and shall comply with the provisions of any lease if this Deed of Trust is n a leasehold. If this tCDeed of Trust lis
<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. pNOtection of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this
<br />Deed of Trust, or if any action or proceeding is commenced which materially affects Lender's interest in the Property,
<br />then Lender. at Lender's option, upon notice to Borrower, may make such aparances,
<br />reasonable attorneys' fees, and take such action as is necessary to protect Lenders interest disburse
<br />lf Lender required mortdage such sums.
<br />insurance as a condition of making the loan secured by this Deed of Trust. Borrower shall pay the premiums required to
<br />such ins
<br />maintain such insurance in effect until such time as the requirement for urance terminates in accordance with
<br />Borrower's and Lender's written agreement or applicable law.
<br />Any amounts disbursed by Lender pursuant to this paragraph with interest thereon, at the Note r ate, shall
<br />become additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lent
<br />other terms of payment, such amounts shall be payable upon notice from Lender to Borrower re uestin r agree to
<br />p yment
<br />thereof. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take any action
<br />q
<br />a• Lssp0ction• Lender may make or cause to be made reasonable entries upon and in etions of thereunder.
<br />provided that Lender shall give Borrower notice prior to any such inspection specif��ing Spe unable Taus Property,
<br />related to Lender's interest in the Property. a rhrretbr
<br />9• Condemnation. The proceeds of any award or claim for damages, direct or currscquentiai, in con
<br />any condemnation or other taking of the Property, or part thereof, or for convevan.c ,t, lieu •,t cun�iemnation, a
<br />notion with
<br />hereby assigned and shall be paid to Lender, subject to ,he terms of any natrrtgagc. deed + +f trust ++r other re
<br />ment with a lien which has priority over this Deed of Trust. %ecurits agree.
<br />10• Rsrmwor Not Released; F
<br />modification of amortization of the sums s couretl By t Lender Not U4µ'N,Efc<i1h. Ite�t r t`+ art° �8it1le f, l+a +. ruclit or
<br />Borrower shall not operate to release. in an manner, u�cc, r +r trot sorer %t of
<br />interest. Lender shall not he required to commence proceedings tftt+ saint sucht�ue <4� r'rc,trs, c;r,{ ,'p�ac tsai ttcmc °gt�'`+ ��'n
<br />L. ment Or otherwise mt.xlifv amurtization of the runts secured h hi� 1?�-e cl E >f 1 rust P,� rt arse ,+
<br />original Borrower and Norrower "s +uccs °sbs+rs in interest. rind f +ref, , c rots a;: <I nt,a +ls" 1 +� the
<br />hereunder, air ofhvrwt+,e afforded f, ear.arrct°
<br />y alrl,licahls^ law, rhatii n+rt !re =s �.ater °r ° °f
<br />remdY'
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<br />fseretrt , <+"ratn"f .h1011 hsr+tl. ,roil the rrgitrti
<br />_ herrurtslcr ,sail Borrower,486fa�c 4, t!ic trittre r,+
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