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85--&00283C)
<br />applicable law require such interest to be paid, Lender shall not be required to
<br />give to Borrower , withotllf charge, n annual accounting of the Funds showing Pay ccredt� its and debit interest toth Fu ds a d the purpose Funds. or which shall
<br />debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of Trust. hick each
<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 rents as they fall due, such excess shall be, at Borrower's promptly Pay said taxes, assessment, insurance premiums and
<br />installments of Muds. If the amount of the Funds held b Lender not epaid to Borrower or credited to Borrower on monthly
<br />ground rents as they fall due, Borrower shall Y Pay taxes, assessments, insurance premiums and
<br />is mailed by Lender to Borrower requesting pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice
<br />W nag payment thereof.
<br />Upon payment in full of all sums secured by this Dad of Trust. Lender shall promptly refund to Borrower any Funds held by Lender. If
<br />udder paragraph 18 hereof the Property is sold or the Property is otherwise acquired
<br />prior to the sale of the Property or its acquisition by Lender, any Funds held b Leender at the time of applicatiionlyas a credit against the sums
<br />secured by this Deed of Trust.
<br />3' Application of Payouts. Unless applicable law provides otherwise, ail a
<br />and 2 hereof shall be applied by Lender first in P yments received by Lender under the Note and paragraphs 1
<br />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. ChaBti; Lkas. Borrower shall pay all taxes, assessments and other charges, fines and impositions
<br />may attain a priority over this peed of Trust, and leasehold a g attributable to the Property which
<br />m if not payments or round rents, if any, in the manner provided under paragraph 2 hereof
<br />paid in such mariner, by Borrower making payment, when due, directly to the Payee t
<br />Lender all notices of amounts due under this p 1 hereof. Borrower sht±ll Promps!y furnish to
<br />paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Lender receipts evidencing such Payments. Borrower shall pre nptly 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 f such lien
<br />obligation secured by such lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement o
<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 Itr� ran". Borrower shall keep the improvements now existing or hereafter erected on the Pro rt insured
<br />against loss by fire,
<br />hazards included within the term "extended coverage ", and such other hazards as tender may require and in such amounts and for such per
<br />as Lender may require; provided, that Lender shall not require that the amount of such coverage e deed that amount of coverage required to iods
<br />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 shatl be paid in the manner provided nderprovided, that such approval
<br />paid in such manner, by Borrower making payment, when due, directly to the insurance carrier. paragraph 2 hereof or, if not
<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 re
<br />damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trust is not thereby imf the Property
<br />restoration or repair is not economically feasible or if the security of this peed of Trust would be impaired, aired. If such
<br />applied to the sums secured by this Deed of Trust, with the excess, if an Paired the insurance proceeds shall be
<br />Borrower fails to respond to Lender within 30 days from the date notice is mailed Borrower.
<br />Lender totBorrowerrthat a insurance ycar it offrsrto if
<br />settle a claim for insurance benefits, Lender is authorized to collect and apply the insurance proceeds at Leader'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
<br />date of the monthly installments referred to in P Pal shall not extend or postpone the dud
<br />hereof the Pro paragraphs I and 2 hereof or change the amount of such installments. If under paragraph 18
<br />Ply 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 />of Trust immediately prior to such sale or acquisition. Pass to Lender to the extent of the sums secured by this Dad
<br />6. Presavillden and
<br />Property in good r of rr�Y' ; Codomidums; Phsae4 Unit Dev
<br />g � and shall not commit waste or permit impairment shall Borrower shalt keep the
<br />of any if this Dead of Trust is on a leasehold. If this Decd of Trust is on unit inn at condominium or a planned unit development, with
<br />provisions
<br />shall
<br />perform all of Borrower's obligations under the declaration or covenants creating or governing the condominium or planned unit Plaruled development. the by -laws and regulations of to condominium or planned unit development, and constituent documents. If a condominium or
<br />unit development rider is executed by Borrower and recorded together with this Deed of Trust,
<br />rK*r shall the e incorporated into and shall amend and supplement the covenants and agreements of this Deed ® Trustst asaifdthe rider were a ppart
<br />hereof.
<br />'° Pr011ectlOn of f'tr 5ktiwrity. If Borrower fails
<br />motion or to Perform the covenants and agreements contained in iais Deed of Trust, or if any
<br />ng is commenced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain,
<br />i v . code enforcement, or ate
<br />anements or Proceedings involving a bankrupt or decedent, then I ender at tender's option, upon notice
<br />to rower, may make such appearances, disburse such sums and take such action as is necessary to Protect Lender's interest, including, but
<br />limited to. disbursement of reasonable attorney's fees and entry upon to Property to make r
<br />As
<br />a condition of making the secured b this Deal of Trust, Borrower shall
<br />repairs. If Lender required mortgage
<br />until such tt the requirement for such insurance terminates in accordance with Borrower's and Lender's written r gage applicable
<br />pay the premiums required to maintain such insurance in effect
<br />law . rower pay to t of all mortgage agreement or applicable
<br />Any ants disbar by r gage insurance premiums in the manner provided under paragraph 2 hereof.
<br />pursuant to this paragraph 7, with interest thereon, r call become additional indebtedness of Borrower
<br />secured by this Deed of Trust. Unless Borrower and Lender agree to other terms of
<br />I €ry rower requesting payment, such amounts shall be payable upon notice from
<br />Payment thereof, and shall bear interest frdun the dater of disbursement at the rate Payable 6'rurn time td> time on
<br />ctst Principal under the Note unless
<br />1 inter at the hj Payment of interest at such rate would he contrary to applicable law, in which event such amounts
<br />t rate per under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur env
<br />ex or take any ass
<br />g° i . Lender may make or cause to be made reasonable entries upon and ins property,
<br />gyve rrdvyver prior to any such ins tiort specifying reasonable cause therefor related tttilcader's inte eat i t provided
<br />fern that Lender shall
<br />t.` the Proceeds of any award or clairn for damages, rlitect ro► consequential, in connection with .ativ crmdernnatiott air
<br />(her ink In# of the Per rty, or Pat, thereof. or for conveyance ill lieu of chndrrrtnatir.an. rare hereby a4signedt snit shall ha Maid toy Lrnrtcr.
<br />In the even& Of a tr>�al taking of the Property, the prude shalt he 0`1111MI to the hi, %esureri by tht4 [>rsd ail T'rrr t, tRitta rite r "Cre'ss, if' any,
<br />€ >rraiwer in re event ref s ftayrteal taking of the Nrevl,wrty, rrtllcss ir,rrr„w
<br />s3ar srrsrr :utd h this t cr and I rll,ler otherwise dgrca^ ire Atttirtg, thric shill !ve 6aplvlic�c!
<br />Y of Irte %t %rich ptopnertjon ror!!ar lit era•i_Is �At f,, 4,,yla, tar threes tIooluornkin a hi, ter I 1 .arr���ri¢t€ ail ,tie, clubs aecifed
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