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<br />If Borrower pays Funds to Gender, the Funds shall be held in an institution the deposits or accounts of which are
<br />insured or guaranteed by a Federal or state agency lincluding Lender if Lender is such an institution). lender shall apply
<br />the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding
<br />and applying the Funds, analyzing said account or verifying and compiling said assessments and bills, unless Lender
<br />pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender
<br />may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower,
<br />and unless such agreement is made or applicable law requires such interest to be paid, Lender shall not be required
<br />to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without charge, an annual
<br />r accounting of the Funds showing credits and debits to the Funds and the
<br />made. The Funds are pledged as additional security for the sums secured by his Deed of Trust. debit to the Funds was
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said
<br />taxes, assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option.
<br />either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the
<br />Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall
<br />due. Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender
<br />may require.
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any
<br />Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by
<br />Lender, Lender shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any
<br />Funds held by Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. Applicisi oar Of PaYmmts. Unless applicable law provides otherwise, all payments received by Lender under
<br />the Note and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by
<br />Borrower under paragraph 2 hereof, then to interest payable on the Note. and then to the principal of the Note.
<br />I. Prier MeatPdm and Deeds of Trust; Cbargn; Lima. Borrower shall perform all of Borrower's obligations
<br />under any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust,
<br />including Borrower's covenants to make payments when due. Borrower shall pay or cause to be paid all taxes.
<br />Deed of Trust, and le other charges, h payments � impositions attributable to the Property which may attain a priority over this
<br />p yments or ground rents, if any.
<br />S• Barred Immmuaioe. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by firs, hazards included within the term "extended coverage ", and such other hazards as Lender
<br />may require and in such amounts and for such periods as Lender may require.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender: provided,
<br />that such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form
<br />acceptable to Lender and shall include a standard mortgage clause in favor of and in a form acceptable to Lender.
<br />Lender shall have the right to hold the policies and renewals thereof, subject to the terms of any mortgage• deed of trust
<br />or other security agreement with a lien which has priority over this Deed of Trust.
<br />In the event of loss. Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof
<br />Of loss if trot made promptly by Borrower.
<br />if the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date
<br />notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits. Lender is
<br />authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the
<br />Property or to the sums secured by this Deed of Trust.
<br />6. Pnwe►acyN said MaMraaaOn of Pesperty; Leaseholds; Condominium; Planned Unit Development$. Bor-
<br />rower shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the
<br />Property and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. if this Deed of Trust is
<br />on a unit in a condominium or a planned unit development. Borrower shall perform all of Borrower's obligations under
<br />the declaration or covenants creating or governing the condominium or planned unit development, the by -laws and
<br />regulates of the condominium or planned unit development, and constituent documents.
<br />7• of L W"'s Security. If Borrower fails to perform the covenants and agreements contained in this
<br />Deed of Trust. ix if any action or proceeding is commenced which materially affects Lender's interest in the Property,
<br />then Lender, at tender's option, upon notice to Borrower, may make such appearances, disburse such sums, including
<br />reasonable attorneys' fees, and take such action as is necessary to protect Lender's interest. If Lender required mortgage
<br />insurance as a condition of making the loan secured by this Deed of Trust, Borrower shall pay the premiums required to
<br />maintain such insurance in effect until such time as the requirement for such insurance terminates in accordance with
<br />Borrower's and Lender's written agreement or applicable law.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Note rate, shall
<br />become additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to
<br />other terms of payment, such amounts shall he payable upon notice from Lender to Borrower re questing p yment
<br />thereof. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take any action hereunder.
<br />,• 111111111percHsn. Lender may make or cause to be made reasonable entries upon and inspections of the Property,
<br />related t that eender shalt give Borrower notice prior to any such inspection specifying reasonable cause therefor
<br />related to Lender's interest in the Property.
<br />p• .The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of the Property, or part thereof, or lot conveyance in lieu of condemnation, are
<br />hereby assigned and shall be paid to Lender, subject to the terms of any mortgage, deed of trust or other security agree-
<br />MGM with a lien which has priority over this Deed of Trust.
<br />li, BWFVtW NO Bsiaredt Fermi By Lender Not s Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Decd of Trust granted by Lender to any successor In interest of
<br />shall not Operate to release, in any manner, the liability of the original Borrower and Borrower's %uccesson in
<br />interest. Lender shall omit he required to commence proceedings against such succcs%or or refusr to extend rime for pay
<br />men( or otherwise modify amortization of the sums $ ecurel by this [)sell of "Trust by reason of env demand made by the
<br />sriginal Borrower crud Fitmrnrer's suctesuus in interest. Any forbearance by I.en,icr In exercising any right or remclh
<br />hereunder. �n otherwise afforded by applicable law•. %,hall nut fop a waiver of or preclude the exrnwe ,ny ri ht o rein or
<br />remedy
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<br />herein a rrnimtnerl Nhall t?rrxl. And the nrrhts hereunder shall Inure to, the rt Ylxlrtwe surcetisnn .ul,l .norms nt I eml, r and
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