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85 --0021 8 ?
<br />applicable law requires such interest to be paid. Lander shall not be required to Pay Borrower any interest or earnings
<br />give to Bgno r ,charge, an annual accounting
<br />I on the Funds. Lender shall
<br />of the Funds showing credits and debits to the Funds and the
<br />debt[ to ho Fund ttis'Ifiade. The Funds are pledged as additional
<br />purpose
<br />If the amount of the Funds held by Lender, t P pose for which each
<br />security for the sums secured by this Decd of Trust.
<br />assessments, together with the future
<br />insurance _ Ums
<br />monthly installments of Funds payable prior to the due dates of taxes,
<br />ground s
<br />ground rents as they fall ue such ataxySun rents, shall exceed the amount required to pay said taxes, assessments,
<br />be,
<br />o insurance premiums and
<br />Funds. If the
<br />at Borrower's Option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />amount of Funds held by Lender shall not be sufficient
<br />ground rents as they fall duo,
<br />all to pay taxes, assessments, insurance premiums end
<br />Borrower shat) pay to Lender any amount necessary to make up the deficiency within
<br />is mailed by Lender to Borrower requesting
<br />payment thereof. 3Q days from the date notice
<br />Upon payment in full of all
<br />sums secured by this Deed Of Trust, Lender shall promptly refund to Borrower
<br />under paragraph 18 hereof the Property is sold
<br />any Funds held by Lender, if
<br />or the Property is otherwise acquired by Lender, Lender shall apply, no later than immediately
<br />Prior to the salt of the Property or its acquisition by Lender, any Funds
<br />secured by
<br />this Deed of Trust. held by Lender at the time of app lication
<br />as a credit
<br />J. AR!•gttttloa O[ Pa against the sums
<br />Ymtats. Unless
<br />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 Paragraphs I
<br />Payable on the Note, then
<br />Borrower under paragraph 2 hereof, then to interest
<br />to the principal of the Note, and then to interest and principal on any Future Advances.
<br />s• Charges; Lie[[[s, Borrower shall
<br />pay all taxes assessments and other charges, fines and impositions
<br />may attain a priority over this Deed of Trust, and leasehold payments or attributable
<br />Of- if not in the Property which
<br />paid ground rents, if an manner
<br />such manner, by Borrower making . in the manner provided under paragraph 2 hereof
<br />under
<br />Lender all notices Of amounts due under this
<br />g Payment, when due, directly to the payee thereof. Borrower
<br />shalt promptly furnish [o
<br />paragraph, and in the event Borrower shall make
<br />furnish to Lender receipts evidencing uch payments.
<br />g Borrower fp
<br />shall promptly discharge any lien wh which has this shall promptly
<br />of ty over
<br />Provided, that Borrower shall not be required to discharge any such lien so long as Borrower shall agree in
<br />obligation secured by such lien in a manner
<br />writing to the payment of the
<br />acceptable to Lender, or shall in good faith contest such lien by, or defend enforcemeDeed f
<br />In, legal Proceedings which operate to prevent the enforcement of the lien lien
<br />S'
<br />such
<br />Herd Iaace. Borrower shall k
<br />or forfeiture of the Property or any part thereof.
<br />rep the improvements now existing or hereafter erected
<br />hazards included within the term "extended
<br />on the Property insured against loss by fire,
<br />coverage ", and such other hazards as !.ender may require and in such amounts
<br />as fender may require; provided, that Lender shall not require I. for
<br />that the amount of , and such periods
<br />the sums secured by this Deed of Trust. Ice coverage exceed that amount of coverage required to pay
<br />The insurance
<br />carrier providing the insurance shall be chosen by BOfrOwer subject to approval
<br />shall not be unreasonably withheld. All premiums o> Lender;
<br />Paid in such manner, h Provided, that such approval
<br />on insurance nner
<br />y Borrower making poltaes ,hall insurance paid in the manner provided under paragraph 2 hereof or, if not
<br />t .411 insurance policies and carrier.
<br />shall
<br />renewals heraeof be ndform a eptable t° ender and hall include a standard mortgage clause in favor of
<br />Len in form acceptable to Lender. Lender shall have the right to hold ter Policies and
<br />Lender all renewal notices
<br />Ienewals thereof, and Borrower shat! promptly furnish to
<br />and all receipts of paid premiums, !n the Overt rFt loss. Borrower shall give prompt notice
<br />L.ealdez. Lender may make proof of loss d not made
<br />Promptly by Borrower. to the insurance carrier and
<br />Unless [.ender and Borrower
<br />otherwise agree to writing, insurance proceeds shall be applied to restoration
<br />damaged. Provided such restoration or repair is
<br />or repair of the prop
<br />economically feasible tits the security of this
<br />tsr°ration or repair is not economjcally feasible or if the security
<br />Trust is not thereby
<br />aPPlied
<br />of this Deed of trust would[ bye ;of
<br />Impaired. f such
<br />to site sums secured h this insurance Paired. if such
<br />t
<br />Y Died of Trust, with the excess, if any, Paid to Borrower.
<br />proceeds shall be
<br />Borrower faits to respond
<br />If the Pro
<br />to Mrly Is abandoned by Borrower, or if
<br />Lender within 30 days from the date notice ,s mailed by Lender to Borrower that the
<br />settle a claim for insurance berrcfiis, Lender is authorized
<br />insurance carrier offers in
<br />li collect and apply tilt
<br />repair of the Property or to the sums secured by this insurance Proceeds at Lender's option either to restoration Or
<br />Deed of Trust,
<br />Unless Lender and Borrower
<br />otherwise
<br />date of the agree in writing, any such application of Proceeds [o principal shall not extend or wit
<br />monthly installtlx»ts referred to in paragraphs I and 2 hereof or
<br />hereof the Property is Pont the due
<br />or
<br />change the amount Of such installments. if under paragraph
<br />acquired by Lender, all right, title and interest o►' graph 18
<br />tfosrtof resulting from damage to in and to
<br />the Pr any insurance policies and in and to the
<br />of Trust Immediately Prior to the sale or acquisition shall pass to Lender to the
<br />arty prior to such safe Or
<br />acquisition, extent of the soots secured by this Iktd
<br />6.
<br />Prcrty in repair and shaJ� ► commit waste �� : S- 'ondomf+tia Phntud Unit fkw
<br />Permit impairment or deterioration Of the Property aril shall comply with the Provisions
<br />of any if this Deed of Trust is on a le luse:hold. if this Dews of Trust is on a unit in
<br />UUU perform all of Borrower's
<br />a condominium or a planned unit development, Borrowev
<br />obligations under the declaration or covenants creating
<br />e, the by-laws and regulations of the c'Ondomimum
<br />or governing alit condominium
<br />Planned Or planned unit de`ek) or planned unit
<br />unit development at, and constituent doxttments. if a condominiums
<br />is executed by Borrower and recorded together
<br />r shall be iatcorponted
<br />into with this or
<br />into and shall [feed of 'trust, the caw
<br />covenants and agreements
<br />hereof. amend and supplement the covenants
<br />and of such
<br />agreements of this JJeed Of Trust as if the elder were a part
<br />y Proattairsix of leer's yeawlty. If Borrower
<br />fails 10 f
<br />as,iofi'If Pf"cetdin s commenced which materially Lender s Fn(cfryt in the Property, g i perform the covenants and agreements contained to this feed of I rust, or If au,
<br />vtncy,code enforcement, y ,
<br />[trot[, pp arrangortttnls ur petty, incPudisg. but not lirnitecl ter, eminent domain,
<br />ter rower, may make such M'txeedangs involving a'lank'UP' or decedent. then
<br />f dltbury,
<br />Lender at Lender's upnon, upon norice
<br />t h8nile j to, dtsbur t Of
<br />such sums and take r "b at'Itt)n as is necessary to P7 °tCrl I.CttdCr'S initfest,
<br />reasonable 01t °lacy'§ lets arts entry
<br />as a condition
<br />inclRding, but
<br />of nta.11ittg rise Jwdl stCUl•ed [) slits [
<br />n secured
<br />t, Bo ro%% "Pool IhC PfnlltrtY Itl make repairs. if I.tndCP r
<br />y )e� °a' trust, fttlrft)wCr shall Citaiftd InOt[g IR9RIa%
<br />Jntll Bfy tittle' a3 the
<br />r lie
<br />requirement for such InatttalfCe let nil nates Its "cui'dance will, Borrower alid I..coder's
<br />taw. Xr €rwtr Sha11 requited to maintain such Insurance in effect
<br />f�aY the nt of mOrt
<br />ealt wrilten agreCIVICllt ku applicable
<br />a Imurarlce I "Cmlurns in the manner Provided under t
<br />Any d, by Lender pursuant to this , Paragraph bet
<br />. "It
<br />ur�l by this of Trust. l.J Paragraph ., with Interest [harem!, «half rta°mt additional indthttafntss Of lkirruwrr
<br />Borrower and Lender agree to other terms
<br />f,t trz fowtr
<br />requesting of t*aYment. such amounts shaft be
<br />nR paYnlcrlt rhtrrof, and shall payable Melt notice from
<br />`1tclat Prower J the bear nICTC91 Iroto the date If disbursement at the
<br />Payment
<br />rat[
<br />a r inatrrsr as the hi r
<br />l rate "aulf ble
<br />Of llplic eI at w t1 Fact' would he lVltttrarV fo applicable laW, payable CVelll lsut' hfanivulnB
<br />x a of take an sit Irtrmtssihle under applicable law Nothing
<br />Y aa4iran hereunder.
<br />celntatned in this Paragraph " shall r rtl Uil'r i,Cth tf 1c Intl)' alll
<br />laalratoab. Lder may matte
<br />or Cause III he made tcot%ollable emric, u$Iou and InsivVil nit III the Prat
<br />srve srb•wtr 00ftce prior to any such, nr
<br />9. t. lso'li!n 5Pe"Ifying rraxonahle t_aust Ihcl'ehlr I coder shall
<br />' Me
<br />g d
<br />eeiated to t ender's illlefeawt .rl alit 1'rt t [that
<br />Proceeds of any award or l
<br />tak frig of the Pre i and Ins dalrlaae5, Ifttesf t*f ,'i ntstgUCnn al. pal , iln llrt'l ltl ll NIth Ali V"
<br />tY. ter part Iht�,r. or Ycer error yes Rfit 3n li4 "n Cif
<br />eyeat
<br />1t
<br />,'11litlelil ltalli Yll ��(
<br />if a lotal taking y on,ar
<br />�, Fnele'rtltleet irllt, :ifC Irei'rhy as31}4Mil ieflif 'ball f1p
<br />a
<br />F%a #tt tea 1$Pn4'e (7 c)f tilt l 1lePtt'tl /. tilt PYety'teldg Shall tth 114rm1 i °Fgief ttf I t'Itlirt
<br />r In Iht apt
<br />jjjj
<br />1.
<br />tiF rnt ehelch
<br />event of a partial rake If t {till l
<br />teals #R ftlti lr� I'rf>gr47ty, If flip "S41f(fl diiwe=f �`tl irP rt1e9l NIP1'1 Itlf (`Ile CU• II ;en1.
<br />'^: ueW fry this /.)Ceti [,tf I ruxt quch [It oplit
<br />81Fe1 t t`ttftet �i ?ItrfNiM1C
<br />� I
<br />l it in ,II IhC pf( xr,Is t
<br />salt q° I�1 Nillll �{, 'Iit'tt -1 li k :i 111111'ti
<br />IS f"4j�Fgi r.) ,tiN: j10 .t„�
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