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. F
<br />�.002
<br />give C I w requires su
<br />give t interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds.
<br />g to ch Borrower, wJthout charge, an annual accounting
<br />Lender, shall
<br />of the Funds showing credits and debits to the Funds and the ur
<br />p p°se for which each
<br />debit to the f unilt wet Made. The Funds are pledged as additional security for
<br />the sums secured by this Deed of Trust,
<br />If the amount of the Funds held by Lender, together with the future
<br />monthly installments of Funds payable prior to the due dates of taxes,
<br />assessments, insurance premiums and ground rents, shall exceed the amount required
<br />to pay said taxes, assessments, insurance premiums and
<br />ground rents as they fall due, such excess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly
<br />tnstallments of Funds. If the amount of the Funds held by Lender shall not be sufficient to taxes,
<br />pay assessments, insurance premiums and
<br />ground rents as they fall due, borrower shall pay to Lender any amount necessary to
<br />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 this Deed of Trust, Lender shall
<br />promptly refund to Borrower any Funds held by Lender. If
<br />under paragraph IS hereof the Property is sold or the Property is otherwise
<br />acquired by Lender, Lender shall apply, no later than immediately
<br />prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br />Lender at the time of application as a credit against the sutras
<br />secured by this Deed of Trust.
<br />3. App§=Mm °f Paytaents. Unless applicable law provides otherwise, all
<br />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 L ender by Borrower
<br />under paragraph 2 hereof, then to interest
<br />payable on the Note, then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4. --11411111111111; Lkns. Borrower shall pay all taxes, assessments
<br />and other charges, fines and ins attributable to the Proy which
<br />may attain a priority over this Deed of Trust, and leasehold payments
<br />or ground rents, if any, in the manners provided under parag apphh 2 hereof
<br />or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br />payee thereof.
<br />Lender all notices of amounts due under this paragraph Borrower shall promptly furnish to
<br />and in the
<br />, event Borrower shall make payment directly. Borrower shall promptly
<br />furnish to Lender receipts evidencing such paymen_s. Borrower shall
<br />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
<br />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
<br />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 Ptoperty
<br />or any pan thereof.
<br />5• Hazard insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />hazards included within the term "extended loss
<br />against by tire,
<br />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
<br />amount of such coverage exceed that amount of coverage required to pay
<br />the sums secured by this Dent of Trust.
<br />The insurance earner providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that such approval
<br />hail not t e unreasonably withheld. All premiums on insurance
<br />policies shall he 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 policies and renewals thereof shall he in form acceptahle it) Lender and shall include a standard mortgage clause in favor of
<br />altd ;n form acceptable to Lender. Lender shall have the right to hold
<br />the lx7hr.@s and renewals thereof, and Borrower shall promptly furnish to
<br />I -ender all Ienewal notices and all receipts of paid preemam%. In the even, !oss,
<br />of Borrower %hall give prompt notice to the Insurance earner and
<br />I ender. € ender may make proof of loss If not made promptly by Borrower
<br />1'nless Lender and Borrower otherwise agree in writing, insurance pr(7cceds shall he applied to restoration (7r repair of the Property
<br />damaged. provided such restoration Or
<br />repair 1s economically fcastble and the %ecurrty of this Deed of Trust I$ not thereby Impaired. If such
<br />estofation of repair is not eromorrucally feasible or If the security
<br />of this eked of Trust would he impaired, the Insurance proceeds shall be
<br />applied to the sums secured by this Deed of Trust, with the excess,
<br />11 any, , aid to Borrower . if the Property is abandoned b% Borrower, or if
<br />13()rowea fails 10 respond to Lender within 30 days from the date
<br />notice I, marled by Lender to Borrower that the Insurance carrier offers to
<br />,role a claim for insurance benefits, Lender is authorized to collect and appl% the Insurance
<br />proceeds at
<br />rear of the Propery or to the sums secured � by this Deed of Trust Lender's optic: either in restoration or
<br />Unless Lender and Borrower otherwise agree in writing, any such appilcattun iq proceeds to principal shall not extend or postpone the due
<br />date If the monthly installments refereed to Ir. paragraphs i and 2 ?icrcot
<br />;,r , hang% the amount rat such installments. if under paragraph IN
<br />hereof the Property is acquired by Lender. all right. title and interest of lk,r
<br />rower In and to any insurance policies and in and to the proceeds
<br />iher@tif resulting from damage to the Property prior to the sale or acqumnon
<br />shall
<br />of Trust immediately prior to such sale or pass to Lender to the extent of the sums secured by this Decd
<br />acquisition.
<br />A. acid of ( c"
<br />Property to r L'alt De u. Borrower shall keep the
<br />R @pair and shall not commit waste or permit imf7atnnent
<br />of deterorarion of the Fro
<br />of any l if this Deed of Trust is on a leasehold. If this Deed of Trust !s on th the provisions
<br />a unit In a :o tdomin;ID ova a planned unit development,
<br />perform all of Borrower's obligations under the declaration (It orrawer
<br />covenants rcaung or governing the condominium or planned unit
<br />development, the by-laws and regulations of the condominium or Planned
<br />unit unit development, and constituent documents. If a condominium or
<br />t rider is executed by Borrower and recorded together with
<br />this L)eed of Trust, the covenants and agreements of such
<br />"der " I to Incorporated into and shall amend and supplement the : ;,venamt and
<br />b@reof.
<br />agreements tit this ikrd of Trust as if the rider were a part
<br />T. of I,ader's %elearUy. If Borrower faiLs 1(7 -
<br />Perform the
<br />�ittt� CK F(R _
<br />(i7venant.5 cities agreements e(liY[aniCd to this I� @d Uf ffn51. or If arty
<br />p rag is commenced which materially affects Iender's interest lit The PrOMIv,
<br />including, but not limited to eminent domain,
<br />InsfAvieftY. Luxe enforcement, or arrangements or proceedings involving a bankrupt for decedent, then Lender at Lender's
<br />Botlower, may make such
<br />onti(ni, upon nonce.
<br />aplpeafances, disburse such sums and take such action as is necessary fo protest l rnder's interest. Including, hill
<br />W ltmiled to, disbursement of reasonable attorncY's fees and entry upon
<br />the Praperty to make repairs. if lender required mortgage insurance
<br />'a3 a f atktTn Of making the loan sawed by this IJeed (11 Ttusf, florrn*cr shaft pay the
<br />Plemitlm.' required 10 Maintain such insurance to effect
<br />until saach time as the requirement for such insurance terminates in accordlI with Borrowerc and I enders written agreement
<br />law. BOrr"tiver pay the rat all
<br />Or applicable
<br />Insurance pfemiur184 In file manner provided udder paragraph 2 herrot.
<br />anstr rats
<br />AnY aST@tietnt9 disbursed by Lender
<br />d
<br />tsu
<br />pnfsuaF[I to this paragraph with IrifCre4t tltef@Yin, what? 7CCCIr87C additional IlydCbtC61n @xr [)f FtcNrnwer
<br />I"War by this I of Trust. Llm Borrower and I.emfer aarce to
<br />other terms of I*ayment, such Amoult1% shall ITC
<br />I to Lk7frowrr requesting PSYtatenl thetcol, and shall hear itlf@rc%l f
<br />pa yahlC 9117(711 Ilof cc IV (in)
<br />rilm ill@ da1C 1if (hsbnrs @1n @t!I al The IafC
<br />,s(sla3 rag t,incipal under the Note unless payable Irons little to time ten
<br />paymrttl (7f mt@resl al antih Pate we7atlif 1c
<br />c(Infraly I(1 appheahlC law, In which eselit knell 0711(7171Ils
<br />'hidl bw fnterCM at the ITIRksm rake Permissible under apPlieahle law. Noff7n7et
<br />"perm of take any act", leereu
<br />0)ntamed III this 041r39raph 1 shall ;.quire I ender 11) ilcul ally
<br />a' f • L.0 may make (, rau�e to fse anode reas(ttlahfe nozzles utNln wnd raja
<br />'a: *e Wwrower notice prim, to any such ins pnec 101"S i,t the 11roperly. pf(lvidetl Ihat I @raper $hall
<br />t a nfl rcas(litablC
<br />I
<br />9 ( : :al16P ttierrf,,r related to Lein er,9 Interest fit the Plnpetly
<br />gnq award
<br />rd I,
<br />' if1@ pifoti.e�+dS E7) any award �H' I.tal nl ff 71 1la #il %g[ ill r(kl ;1t 'i7t14 @gIICt111a1, `PI
<br />bI t`$8 flit mg r,i r4e Pl,f fly, tl -Genii
<br />g
<br />, tnnflPY wllh Ant' it.tt¢tffltna1f1, 11 1�1
<br />fir part thereof, 1111 le" t'(mve yans:e In Bell (ef f+ Illf E'tn (IVtlnfl, :I tC quer s .l, s
<br />irI es° wvcr7t ?If a If flat taking of Iffe Prr7{erly
<br />iietl l7ftt shalt f e paani fo I
<br />ender
<br />the ? >nxee +.Js shalt he aoplr f� ri7r•nn7$ krrr(nrsl by Ihly lien ! nI i :.
<br />;asrst Fk'fr wcr 1n4 fur ry @m I7P a t�rha0 fak�tetg 1 >t 1PIe Pro
<br />{j
<br />.!
<br />.ate.
<br />reel• .
<br />ie 4K1•rl' 'e, Writ iry It
<br />t .Infers$ ft r wei ;na t t ruder nlheraise Itarew Ir 011R, I i.f r.V till he nl +pfigyt
<br />Hm ih^.atl nI T.rusl ouch t+rr,fwirlunl n4 the t+ro *C ?^rr9y
<br />I. �11aWi I,� fhw pr o,"P...lt 10 lilt 1!".
<br />,li,q k10n!1 ^c1
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