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85- 002230
<br />applicable ach Herat to be paid, Leader shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall
<br />give to Borrower, without dlarfe, as annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each
<br />debit to the Funds was nude. The Ehnen are pledged as additional seeurity for the sums secured by this Deed of Trust.
<br />If the asoavat of the Ftmds bold by Lender, together with the future monthly instalments of Funds payable prior to the due data of taws,
<br />r pis and round rents, shill exceed the amolmt required to pay said taxi, assessments, insurance premium and
<br />1 ground rya as they fall due, such eaao SMU be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />of Possh. Lf the amount of the Floods bold by Lander shall not be sufficient to pay taxes, assessments, insurance premiums and
<br />ground rents as they fall dine, f. mass sad pay to Lender any amount necessary to nuke up the deficiency within 30 days from the date notice
<br />is mailed by Leader to Borrower requesting payment thereof.
<br />Upon Pam in full of all sees secured by this Deed of Trust. Lander shalt promptly refund to Borrower any Funds held by Lander. If
<br />under ParOPMA L g hereof the Property is sold or the Property is otherwise acquired by Leader, Lender shelf apply, no later, than imrmedsately
<br />Prior to the sale Of the Property or its acquisition by Lender, any Funds held by Lender at the time of application as a credit against the stoma
<br />secured by this Deed of Trust.
<br />3. AppBeaYan of PgmMtM• Unless applicable Jaw provides otherwise, all payments received by Lender under the Note and paragraphs I
<br />and 2 hereof dud be applied by Lender first in payment of amounts payable to Lander by Borrower under paragraph 2 hereof, then to interest
<br />payable our the Note, than to the principal of the Note, and then to interest and principal on any Future Advances.
<br />4. Chin IJwa. Borrower shall pay all tarn, 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 as paid in such manner, by Borrower making payment. when due, directly to the payee thereof. Borrower shad promptly furnish to
<br />Leader all nodes of amounts due under this paragraph, and in the event Borrower shad inane payment directly. Borrower shad promptly
<br />furnish to Leader receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Deed of Trust;
<br />provided, that Borrower shad 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 good faith contest such lien by, or defend enforcement of such lien
<br />in, ignal proceedings which operate to prevent the enforcement of the Lien or forfeiture of the Property or any part thereof,
<br />S. Naaasi IoatraaI Borrower shelf keep the improvements now existing or hereafter erected on the Property insured against loss by fire,
<br />hazards included within theta "extended coverage", and such other hazards as Lender may require and in such amounts and for such periods
<br />as Leader may require; provided. that Lender shad not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the sums secured by this Deed of Trust.
<br />The tmw&nm carmen providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that such approval
<br />shelf not be unreasonably withhold. Ad premiums on insurance policies shall be paid in the manner er 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 />Am insurance policies and renewals thereof shelf be in form acceptable to Lender and shall include a standard mortgage clause in favor of
<br />and in form acceptable to Lender. Lender shad have the right to hold the policies and renewals thereof, and Borrower shall promptly furnish to
<br />Leader all renewal nonces and all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br />Leader. Leader may make )roof of loss if not made promptly by Borrower.
<br />Unless Lander and Borroww otherwise agree in writing, insurance proceeds shad be applied to restoration or repair of the Property
<br />Provided such restoration or repair is economically feasible and the security of this Deed of Trust is not thereby impaired. if stch
<br />restoration or repair is M economically ratable or if the security of this Deed of Trust would be impaired, the insurance proceeds shall be
<br />applied to the sum 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 fob to respond to Leader 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 P'roper'ty or to the sums secured by this Deed of Trust.
<br />Unlees Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shad not extend or postpone the dice
<br />date of the man dY installments referred to in paragraphs I and 2 hereof or change the amount of such installments. If under paragraph 18
<br />hereof the Property is as rq *ed by Lender, all right, title and interest of Borrower in and to any insurance policies end in and to the proms
<br />thereof ranking from dawoge to the Property prior to the side or acquisition shad goes to Lender to the extern of the sums secured by this Deal
<br />of Trum siaosedimely prior to such ode or acquam fon.
<br />ti. PAewwarM Wild A6dM6 ores of Propwlyp Laassboibp C.oa/amrilie : Fkand UNN Dowdeposs ls, Botmver shad keep the
<br />Property in good repair and sbW not cenua waste or permit impairment or deterioration of the Property and surd comply with the provisions
<br />of any lase if this Dud of Trust is on a leasehold. If this Deed of Trtns is on a emit in a coodomialivin or a planned Unit development. Borrower
<br />*0 Pwform FA of No owet's obligations under the decoration or cOvOMU orating Or govwaisig the Condominiumm, or planned unit
<br />she by-laws and regulations of the coadowaseem or planned unit development, sad Constituent docionstiou, I f a condominium or
<br />pli►ae 'MM" 19F 1111- rider is m WOW by Borrowerr and recorded together with this Dad of Trten, the covenants and agreaseratit of such
<br />rider skill be Womporated into Mil shad amepd and supplement the Covenants and Wousaft of Ibis Deed of Trust as if the rides ware a pit
<br />hereof.
<br />7. Proaoetfao of Landers Ilsonkg. If Borrower foih to perform the covenants and agreements contained in this Dead of irtust, or if any
<br />octioss or Proceedift is comesenced which asses any affects I -end is interest in the Property. including, but to limited to, eminent domain,
<br />, code enforoernan. or Aniamposents or proassidu4p involving a bankrupt or decedent. then Larder at Leader's option, upon notice
<br />to Borrower, MY mdw acs oppewaoon, disburse well sums and take such a"Wis a is neceesiy to protect Imidn's interest, indudug, but
<br />sal PAWW a, dbbwss of reasonable anoraey's fees and eery upon the Propeny to make repairs, if Lender required mortgage inin rtwa
<br />in a Of NNW% this bon reared by cols Deed of Trust. Borrower sham pay the premiums required to maintain such insurance in effect
<br />WWd such rim as the requilreassen for am* insurance Wannew is accordance with Borrownr's awed Leondw's written agreement or applicable
<br />Lin, BLtrMM sh" pea ftSOMM of all taaortpge WMMM PWAVM in the mM M provided under paragraph 2 h asof.
<br />Any wasamms dieburssd by Lender pmrsualn to this 7. with 'RkTM thereoh, shad bwcume additional indebtedness of Borrower
<br />assured by Urn Dead of Try. Unlee Borroww Mil Lacer epee to other tam of payment. rah amounts sham be payable upon notice from
<br />Lentlte to Ballow reWm"ft PaYMM tMm)(, and sum bas interest from the rate of disbursement al the rest payable from time to time on
<br />AW antler the Noel tmkrl Payment ON "We" N such rata would he cO trwy to applicable taw, in which event such amts
<br />bow t§lwm as *0 h*W FM permissible under applicable paw, Nothing contained in this paragraph 7 said" require I..cnder rot incur any
<br />L or"Smy hereunder .
<br />0. wttreelda•, Lewdw MW make or cause to he made entries upon and t ieas of the Property, prtnwidcd that Leadsr, them
<br />War to Mfr Such ion Wldfyft "MMONO cauw therefor related to Lender's intent in the Property.
<br />MW taking 9, "OdMUNW& 1"bs Pr of any award rr claim for demean. direc't or consequential. In ctMrtIX11011 with any clondtvnnsiton m
<br />of the Property. or pert thereof. or for convey in lieu of c naliaau, are fined and shall he pasd to Lender.
<br />la ths event Of a total taking Of ebe PruWty, the proceeds OWI he applied to the sums Wwrd by this Oved of J,ruse, with the excvsa. if may,
<br />to r . In the event of a parted taking of'the Property, unless 110tTi rover and leader otherwis' ®attt 111 wTltatna, t`atre shall he apptml
<br />1r, f 1W Sam Wasted " that D"d of T't Val such prinairtkin of the Prmffth as 19
<br />equal to that ;+rlrtr+lrtl + =rl whhil [Re sreu.utn "t stee v,) rt+, es' tit esl
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