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<br />85-- 00246e,
<br />give to orro tdgttires such interest to be paid. Lender shall not be required to pay Borrower an interest or
<br />give to Borrower, without c Y earnings on the Funds. Lender shall
<br />barge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each
<br />debit to the Hinds was made. The Funds are 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 the due dates of taxes,
<br />assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums and
<br />ground rents as they fail 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 amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and
<br />ground rents as they fall due. Borrower 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 this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Leader. If
<br />under Paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply, no later than immediately
<br />Prim 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 sums
<br />secured by this Deed of Trust.
<br />3. `kpfkadw of Psyneab. Unless applicable law provides otherwise, all
<br />and 2 hereof shall be applied b Payments received by Lender under the Note and paragraphs 1
<br />Ppl y Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br />payable on the Note, then to the principal of the Note, and then to interest and principal on any Future Advances.
<br />4• Caagas; Eke& Borrower shall Pay all taxes, assessments and other charges, fines and impositions
<br />may attain a Priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the manner provided under the Property which
<br />of, if not paid in such manner, by Borrower making payment, when due, directly to the Promptly 2 hereof
<br />Lender all notices of amounts due under this payee thereof. Borrower shall promptly furnish to
<br />furnish to Paragraph, and in the event Borrower shalt make payment directly, Borrower shall promptly
<br />Lender receipts evidencing such Payments. Borrower shall promptly discharge any lien which has priority over this Deed of Trust;
<br />Provided. that Borrower shall no 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 goad faith contest such lien by, or defend enforcement of such lien
<br />in, legal proceedings which operate to Prevent the enforcement of the lien cr forfeiture of the Property or any part thereof.
<br />5. Basard Latwaaa. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire,
<br />hazards included within the term -extended 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 amount of such coverage exceed that amount of coverage required to pay
<br />the sutras secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shall be chosen by !Borrower subject to approval by Lender; provided, that such approval
<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 payment, when due, directly to the insurance carrier.
<br />Ali insurance 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 receipts 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 Harrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall 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 such
<br />restoration o repair is not ecoromicaHY feasible or if the security of this Deed of Trust would be impaired, the insurance proceeds shall be
<br />`appftcd to the sums 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 fails to respond to Lender within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to
<br />wttk 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 'be Property or to the sums secured by this Dad of Trust.
<br />Unim Lender and garow'er otherwise agree in writing, any such application of proceeds to principal shall not extend or Postpone the due
<br />hereof date of the monthly instalirmetts referred to in paragraphs I and 2 hereof or change the amount of such installments. If under paragraph 18
<br />the Property is acquired by Leader, all right, title and interest of Borrower in and to any insurance policies and in and to the proceeds
<br />thereof resulting from dataalle to the
<br />of Trust , Property Prim to the oak m acquisition shall pass to Lender to the extent of the sums secured by this Deed
<br />Prim to such seek m acquisition.
<br />6. Prosservadess
<br />Property in good r and Madn"aaaee of ProMrry; L aaaeaehb: CeadomP�asa�
<br />r And SW not commit waste or permit im Pleased UIW mod. Borrower shall keep the
<br />of any lease if this Deed of Trust is on a paumenr or deterioration of the Property and shall comply with the provisions
<br />If this heed of fruit is on a unit in a condominium or a
<br />Perform All of Borrenrer's obligio under the declaration or co Planned unit development, Borrower
<br />enants creating m governing the condominium or planned unit
<br />. the by -lava std regutatiory of the nium w Planned unit development.
<br />Planned
<br />amt rider is executed by Borrower and recorded together with this Deed of Trust. the covets. It' a condominium or
<br />rider sly be ircmpoatgP into And shall &meld and s emirate and agrtxments of such
<br />Genf. t the aov hams and agreemrns of obis Deed of Trust as if the rider were a part
<br />t ot Loader's
<br />fiettMty. If Borrower fails u, perform the covenants and agreements contained in this feed of Trust, or if any
<br />actitxr m prtxoeding is commenced which matertaily kiffecs Lender's interest m the Property, tncltnding, but no limited to, eminent domain,
<br />'Y, code emfineernen. or arrangements or Proceedings involving a bankrupt or decadent, then Lender at Lender's option. upon notice
<br />to ros'"' may mate arch appearanm. disburse such suns and take such action as is
<br />not hisorted
<br />to, d' of r necessary to Protect L.endet's interest, including, hue
<br />attorney's fees and entry upxm the ProPcrly to make repairs. If Lender required mortgage insurance
<br />as a condition of making the loan secured by this f3eed of 'f'rust, lhrtower shall
<br />umil such close as the requirement for such insurance terminates in accordance Pay
<br />thtBorower'sman d L.eader'smwrritttenn such insurance p cable
<br />kw' owes"iaay the amount of ell retort aareernrent or applicable
<br />Any gryPs insurance premiums in the nnanner provided under paragraph 2 hereof,
<br />by L Pursuant Io this Paragraph 7, with interest thereon, shall become additional indebtedness rat lkrrrower
<br />cured trY this Deed of Trust. Unions Borrower and Lender a
<br />Lander to Borrower requesting Stile to other terms of Payment, such amounts shall be payable upon notice frima
<br />ptrynKmt thwc0f, and shall bear interest I'forn the date of disbursement at the rate payable from time to, time era
<br />c i
<br />elowit bear i Principal eke Nate unless Payment of interest at such rate would he contrary to applicable law• in which event suet[ amounts
<br />at the rata under applicable law. Nothing contained in this taragraph ?shall rcyuine l ender ter, ittcor any
<br />ea or trite Pay up9fatt her
<br />L4. may make or cause h) be
<br />� r Wreak reasonable entrtf>s upon and Inrtk°ceiollA uu [tie 1'r +rtserey, provided [fiat I,cndcr sha,'I
<br />prftq to My such Inspection sl ifying reasonable cause therchn related to I olden', interest in the Prolierty
<br />9,
<br />the Proceeds of any award or daini for clarnatars, dilro of iunseiPurntral, rn konneetti,n wnh env iondeunttataon v
<br />onher takasaof the Property, or part thereof. at Inn conveyanv'e tit hel uP' onnriernnah +,
<br />In the evert Of final taking of the Pro n are hereby �agneai yiW ndiait he t +aid h> t eudca
<br />asking, tltc a PrIllor oriell le aplol l w the ,urns ,eaurret hq ufiia 1lerd c5! I ettvi, with the rxre,s, it alit.
<br />I to Pdarnr . In fhe svcrrt oaf a
<br />partial taking n�f the 1'rul.c^tty, unlpsr Rol lower aiyJ I Pndcr atheswice� abre•e rn uriUir Isar tih
<br />, „ sranss It, W d try thti Iskoird ni Tust err weft "rgq+F Uty i f te N• yin ter rptdrr.i
<br />l,i.�;eedi v i ey;,xe c,. !h.ri !err tot etr.;r e. s, :?� r1i¢• as �,
<br />i. ra .u.ors Eryin i=if
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