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U U`Z 718 '
<br />applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall
<br />give to Borrower, without 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 />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
<br />ground rants as they fall due, such extras shall be. at Borrower's � Pay said taxes. assessments, insurance premiums grid
<br />installments of Funds. If the amount of the Funds held by Lernderishall anot ebeosumf�ficient�tod to Borrower or credited to Borrower on monthly
<br />ground rents as they fail due. Borrower shall pay taxes, assessments. insurance premiums and
<br />is mauled by Lender to Borrower requesting pay to any amount necessary to make up the deficiency within 30 days from the date notice
<br />� mg payment thereof.
<br />Upon payment in full of all stuns secured by this peed of Trust, Lender shall promptly refund to Borrower any Funds held by Lender. If
<br />under 1g hereof the Property is sold or the Property paragraph
<br />the is otherwise acquired by Lender, Lender shall apply, no later than immediately
<br />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 Trope
<br />3• Appocalles of 1Payseata. Unless applicable law provides otherwise, all
<br />and 2 hereof shall be applied by Lender first in payments received by Lender under the Note and paragraphs I
<br />payable re the Note, aPP to the payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br />principal of the Note, and then to interest and principal on any Future Advances.
<br />4' Cam. Llees• Borrower shall pay all taxes, assessments and other charges, runes and impositions
<br />may attain a priority over this peed of Trust, and leasehold payments or ground rents, if any, in the manner provided under the Property which
<br />or, if not paid in such manner, by Borrower saki paragraph Z hereof
<br />Lender all notices of making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to
<br />amounts dune under this paragraph, and in the event Borrower shall make
<br />furnish to Lender receipts evidencing such payment directly, Borrower shall promptly
<br />� payments. Borrower shall 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 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 contest such lien by, or defend enforcement of such Gen
<br />in, legal Proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Hand Imes"• Borrower shall keep the improvements now existing or hereafter erected on the Pr
<br />hazards included within the term "extended coverage ", and such other hazards as Lender may require and in such ty insured against slos by ire,
<br />as Lender may require; provided, that Lender shall not require that the amount of such co%e: ge xceed that amount of coverage required to pay the sums secured by this Deed of Trust.
<br />The insurance carrier Providing the insurance shall be chosen by Borrower subject to approval
<br />shall not be unreasonably withheld. All premiums on insurance policies shall be d in the mane rrovided underp paragraph that such approval
<br />paid in such manner, by Borrower making paYtment, 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
<br />Lender. Lender may make proof of loss if not made promptly by Borrower. and
<br />Unless Lender and Borrower otherwise g
<br />agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br />damaged, Provided such restoration or repair is economically feasible and the security of this Deed of Trust is not thereby impair
<br />restoration or repair is not economically feasible or if the security of this Deed of Trust would be impaired, red If such
<br />applied to the sums secured by this peed of Trust, with the excess, if an paired the insurance proceeds shalt be
<br />Borrower fails to r Y. paid to Borrower. If the Property is abandoned by Borrower, or if
<br />respond to Lender within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offers
<br />settle a claim for insurance benefits, ts, Lender is authorized to collect and apply the insurance proceeds at Lender's option either to restoration
<br />repair of the Property of to the sums secured by this Deed of Trust. or
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to Principal
<br />date of the monthly, installments referred to in P 1� shall not extend or postpone the due
<br />hereof the Pr paragraphs 1 and 2 hereof or change the amount of such installments. If under paragraph 18
<br />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
<br />°f Tim , p� to such sale or Pass to Lender to the extent of the sums secured by this Deed
<br />`. acquisition.
<br />MW of PrOPWY; L*asdselft; Condominiums;
<br />Property in good repair and shadl not commit waste or P�uuaed Uudl Data. Borrower shall kelp the
<br />of a if this Deed of Trust is on a permit impairment or deterioration of the Property and shall comply with the provisions
<br />Shall leasehold. if this Deed of Trust is on a unit in a condominium or a planned nit development. Borrower
<br />Perform all of Borrower's obligations under the declaration or covenants creating or
<br />t. the by -laws and regulations of the condominium or planned unit development, governing the condominium or planned unit
<br />Planned unit t rider is executed by Borrower and recorded together with this Deed of Trust.tthe documents. if a condominium or
<br />rider shall be incorporated into and shall amend and supplement the covenants and red covenants and agreements of such
<br />eof, agreements of this peed of Trust as if the rider were a part
<br />T" � fm's 5aruu�ity, If Borrower fails to
<br />action or Proceeding f eon perform the covenants and agreements contained in this Deed of trust, or if any
<br />g commenced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain,
<br />insolvency, enforcement, or arrar4ements of proceedings involving a bankrupt or decedent, then Leander at Lender's Option. u
<br />to , may make such appearances. disburse such sums and take such action as is necessary o p udi notice
<br />not 1111114W to. of reasonable attorney's fees and entry upon the Pro Y Protest Lender's interest, including. but
<br />a condition of malting the � secured by this Deed of Trust, Borrower shall Papy thetprem Premiums required to maintain such insurance in effect
<br />repairs, If Lender required mortgage insurance
<br />unW Such time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written
<br />Any AMOUM disbursed Ray the t of all insurance premiums in the manner provided under agreerrisnt or applicable
<br />by pursuant to this P+u'agraph 2 hereof.
<br />IMwed dry this of Trust. U Paragraph T• with interest thereon, shall become additional indebtedness of Borrower
<br />Borrower and Lender agree to other terms of
<br />payment, su.h amounts shall be payable upon notice from
<br />u4stondtag Principal under thereof, and shall bear interest from the date of disbursement at the rate payable from time to time on
<br />the NOW unless t of interest at such rate would he contrary to applicable law, in which event su`h amounts
<br />1 'Merest � t!te rye �� under �
<br />expense of r applicable law. Nothing contained in this
<br />Paragraph 7 shall require l..encter ter incur any
<br />I- �. I. may tike or cause ter be
<br />give rd rea noble entries therefor and i tePiettions of the !'naprerty, provided that Lender shall
<br />pilot to any such titian sl prying reasonable cause therefor related to tender's interest in the Property.
<br />t° • The hoc r arty award drr claim tart damitges. dirc�a:r err t:Onsequerntial, in Connection will) ally Colideranatoerii a +a
<br />t his c t y. l iher , ex for convey a in lieu (it ccreacterranatlon, are hereby assigiled anal shall he i
<br />In � event of a tsn:ai takes elf the 1,r rty, tN text t a +d ter t cneier
<br />io rc !nth eves error a p s shall tee applied rc, the stom secured by stns Deed c l 1 t Iasi, with the rvccss. it any,
<br />Mimi taking srf the 1'r <)f the, e«raless t aeserwer and l ender tithe'
<br />WiSc agrees era earttereg, si :ers±,tlall IV applied
<br />Fcx r �, rv�a k� Mars 1
<br />Y i (if > rtr�t sir h pre>i�rrtierrr apt the lsa�rdy a� �, ecle�a s11 shay tsrc,t�,rex:�ra atre�:fi slit s :rn�,QE��� :.q +taco �i�rTa, •e�trre,l
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