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<br />a 9" re q es such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall
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<br />giveive tpbiut2r; thout charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each
<br />debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of Trust.
<br />It 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 />assemments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums and
<br />ground rents as they fall due, such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
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<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 IS hereof the Property is sold or the Property is otherwise 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 Lender at the time of application as a credit against the sums
<br />secured by this Deed of Trust.
<br />3. ApNfall" of Paymnts. Unless applicable law provides otherwise, all 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 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. GYages; Lieu. Borrower shall pay all taxes, 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 not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to
<br />Lender all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Deed of Trust;
<br />provided, that Borrower shaft 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 manner acceptable to Lender, or shall in good faith 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 Property or any part thereof.
<br />S. Haaard Insurance. 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 sums 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 />All 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 Borrower.
<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 nor thereby impaired. If such
<br />restoration or repair is not economically feasible or if the security of this Deed of Trust would be impaired, the insurance proceeds shall be
<br />applied to the sums cured by this Dad 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 />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 Property or to the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due
<br />date of the monthly installments referral to in paragraphs I and 2 hereof or change the amount of such installments. If under paragraph 18
<br />hereof the Property is acquired by Lender. all right, title and interest of Borrower in and to any insurance policies and in and to the proceeds
<br />thereof resulting from damage to the Property prior to the sale or acquisition shall pus to Lender to the extent of the sums secured by this Deed
<br />of Truce immediandy prior to such sale or acquisition.
<br />6. Praaas+allm said MdNamarate of ftepetrty; L mebolds; Gosdumfalud; Pbm=W Usk . Borrower shall keep the
<br />Property in good repWr and shelf not commit waste or permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any low if this Dad of Trust is on a lasehold. If this Dad of 'Trust is on a unit in a condominium or a planned unit development, Brower
<br />perform all of Borrower's obligations under the dcclaration of covenants creating or governing the condominium or planned unit
<br />development, the by-laws and regulations of the condominium or planned unit development, and constituent doc- uunenis. It a condominium or
<br />planned unit development rider is executed by Borrower and recorded together with this Dad of Trust, the covenants and agreements of such
<br />rider shelf be incorporated into and shall amend and supplement the covenants and agreements of this Decd of Trust as it the rider were a part
<br />hereof.
<br />I. of iender's Su:arNy. If Borrower fails to perform the covenants and agreements contained in this IX-ed of I rust, or if anv
<br />action of proceeding is commenced which materially effects tender's interest In the Property, including, but not limited to, eminent domain,
<br />rosoivency, c4dt enflrteaent, or arrangements or proceedings involving a bankrupt or decedent, then Lender at Lender's option, upon notice
<br />ter Borrower. flay make such appeallarim. disburse such sums and take such action as is teca4sary to protect Lchkiet's interest, Including. but
<br />rim brarled to, disbursanew of reasonable attorney's fees and entry upon the Property to make repairs. If Lender required niortisalge insurance
<br />as a condition of making the loan secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />unEil such time as the requirement for such insurance terminates in accordance with Borrower'9 and Lender's written agreement or applicable
<br />law, Borrower &Melt pay the amount of all mortgage insurance premiums in the manner provided urde paragi eph 2 hereof.
<br />Any amoum disbursed by Leader pursuant to this paragraph 7, with interest thereon, shall become additional ittdebted icm of Borrower
<br />sancurexd by this feed of Trust. Unless Borrower and Bender agree to other terms of payment, such amounts shall he payable upon notice from
<br />Lender to Borrower requesting payment thereof, and shall bear interest frook the date of disbursement at the rate payable frtmi time to lime on
<br />outstandmill principal under the Nome unless payment of interest at such rate would be contrary to applicable law, in which event such amouniN
<br />#Ali bear est at the highest fait petmissible under applicable law. Nothing contained in this paragraph' shall require lender to incur anv
<br />cApme or take any action hereunder.
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<br />S. I . L may mtakt of cause to be made reasonable C�il lcs upon and Inspections at the 1' mpey, provided that I elide? shall
<br />give Borrower risAt" prior to any sigh Ins lion specifying reammable cause therefor related to Lender's Interest in the I'toperly.
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<br />q, C . 'T►e proceeds of any award or claim for damages, direct or cointpucnnal, In camttvi:llon %%Wl any olodclnoaluln ,a
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<br />tnw ti3Ltng of tip Property, or Port theaayf, of for conveyance in lieu of Condemnalion, ale henehy a551gfled aittl $11;411 be pald to 1 etldet .
<br />in rha event of a uytal taking of the Bhttperty. the Inocceds shall be applied to the stdlil.9 4i4nred hy' fill, I yeed of i rr1s9, wllh the CIi PNN, II ally.
<br />[ _. flay fPrl €e$ver. In the event of a partial taking of the Ptotlef'ly, wilevs tlotr?.,Aer And I Cadei "Itletw1w aalee In b1111I1K. Owte .hall he 'Applled
<br />.,r f)1{' gkff -guy µq�t_41TRtf 11W frifi f1iP?Rf f�'r ttU,t 1ln�h ell llpplr 116911 Ut file pf ,K'iQtt °, (q , 1. flf tt l9l n1111 tyt p1 ,lH 4Pl1 ?I 'see ll`t i1 iflC :IIIVif 11� .I I, °It' ', 19fn �f \Ill t',.l
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