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<br />applicable law requires such interest to be paid. Lender shall not ire required to pay Borrower any interest or earnings an the Funds. Lender shall
<br />give to Borrower, +trig 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 iti tftade. The Funds are pledged as additional secur,tr 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 />aslsecsments. insurance premiums and ground rents, shall exceed the amount required to pay said tax ", 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
<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 />groused rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the deficiency within 3x1 days from the date notice
<br />is mailed by Lender to Borrower requesting payment thereof.
<br />Upon paytrent in full of all sums secured by this Dad of Trust, Lender shall promptly refund to Borrower any Funds held by Lender. 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 />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- Appkodeu of Faysous. U nless applicable law provide otherwise, all payments received by Lender under the Note and paragraphs 1
<br />and 2 hereof shall be applied by Lender first in payment of amounts payable to I ender by Borrower under paragraph 2 hereof, then to interest
<br />payable on the Mote, then to the principal of the !note, and then to interest and principal on any Future Advances.
<br />♦. Clusil : Les. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to the Property which
<br />may attain a prionty over this Deed of Trust, and leasehold payments or ground rents, ;f any, in the manner provided under paragraph 2 hereof
<br />ear, if not paid in such manlier, by H irrower 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 prionty over this Deed of Trust;
<br />provided, that Borrower shall nor be equired to discharge any such i;en so ion¢ as Borrower shall agree in writing to the payment of the
<br />obligation secured by such lien in a mariner acceptable to Lender, or shall Ir. flood faith contest such lien by, or defend enforcement of such lien
<br />in, to" proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any pan thereof.
<br />S. Htaard lsarueee. Borrower shall keep the improvements now existing �r 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 ,hat the amount :x sec^ : :,� -rage exceed that amount (If co. rage required to pay
<br />the sums secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shall be chosen by ii,:.,ower subject to approval h, I ender: provided. ;hat such approval
<br />shall not be unreasonably withhold. All premiums on insurance pohcies :hall ' e raid to the manner provided under paragraph 2 hereof or, if not
<br />paid in such m- river, by Borrower making payment, when due. direi,ly :o t he insurance earner.
<br />All insurance porkies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage ciduse in favor of
<br />and in fora; acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof, and Borrower shall promptly furnish to
<br />Lender ail renewal notices and all receipts of paid premiums In the esert cif loss. Borrower shall give prompt notice to the insurance carrier and
<br />Lender Lender may make proof of loss if not made promptly by Rorro'.e.
<br />Unless Lender and Borrower otherwise agree In writing, insurance proceeds shall tx applied to r"toratfan or repair of the Property
<br />damaged, provided such restoration or repair is economically feasible and the serurtty of this Deed of Trust is not thereby impaired. If such
<br />tectoTation of repair is fist economically feasible or if the security of this feed of Trust would be impaired, the Insurance proceeds shall be
<br />applied to :he sums secured by this Deed of Trust, with the excess, .f any. paid to Borrower If the Property as ahiiadoned'y Borrower, or if
<br />Borrower fails to respond to Lender within 30 days from the date notice :1 mailed by Lersder to Barrawcr that the insurance carrier offers to
<br />settle a claim for insurance benefits, Lender is authorized to colirc, and 4.,mN uric :nsuram-c proceeds at i cndr's option either to restoration or
<br />-cpair of tie Property or to the sums secured by this Deed of Trust
<br />Unless Lender and Borrower otherwise agree in writing. any such of prow teds to Principal shall not extend or rostpone the due
<br />dart of the monthly installments referred to in paragraphs 1 and 2 her„-of Or hangs the amount of such :nstallmems if cinder paragraph 15
<br />hermf the Property is acquitted by Lender, all right, title and interest r'. Bur; ewer in and to any :nsurarcc policies and in and to the proceeds
<br />thereof resulting from damage to the Property Prior to the saic m acquisi iuri :hail pass to I ender to the extent of the sums secured by this Deed
<br />of Trust immediately prior to such sale or acquisition.
<br />4• Praasvud" red MNukesece of property: L*awbuLd,; Coadoaltaloan: Maeed t'elt Deseie♦weuu. Borrower shall keep the
<br />Property in good repair and shall not core au, waste of permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any lease if this Dui of Trust is m a leaschold- If this liked of Trust is on a unit Ina condorrumum or a planned unit development, Borrower
<br />shall perform all of Borrower's obligations under the declaration or covenants creating of governing the cordominium or planned unit
<br />dcv t. the b> -laws and regulations of the condominium or planned unit development, and constituent documents. If a condominium or
<br />planned [unit development rider is exccutritd by Borrower and recorded together with this Dead of Trust, the covenants and agreements of such
<br />Well shall be incorporated into And shall amend and aupplcmrni the covenants and agreements of this liked of Trust as if the rider were a part
<br />hera)f'.
<br />7• Prefectlow of L.esder's Security, if Borrower fails to Prff,rm the covcrtants and agreements contained in this faced of t rust, err if any
<br />ashen of p'cue011116 is c which materially affects Lender's interest to the Property, including, but not limited to, eminent domain,
<br />insaivericy. code enforceraiint, or afrangessecnts of proceedings involving a bankrupt or decedent. then Lender at Lender's. option, upon notice
<br />to BWTOwttr• May true such appearances, disburse such sums and take such action as is necessary to protect I ender's inicrest, including, but
<br />r %lotted to, disbursement of reasonable attorney's fees arced entn upon the Property to make repairs. if I.crider required mortgage insurance
<br />as a ` e soon of - siding the ion secured by this Eked of Trust. Borrower shall pay the Premiums required to maintain such insurance in effect
<br />atrial such tiers as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or apph: able
<br />law. Borrower shall pay the antoustil of cell mortgage insurance premiums in the manner provided under paragraph 2 hereof
<br />Any ammants disbursed by lender purivant to this paragraph :. with interest thereon, 'hall hWimc additional indebtedness of Horrowet
<br />vixwed by rhn Deed of Treat. Unless amcmer and I.znder agree to other terms of payment, s ch amounts shall he payable upon notice from
<br />f.eadiaf to Borrower requesting payment thereof. and shall bear interest fror: the date of dishurscmem at the rate pavai?le irotn tame to time on
<br />,AAKIMAding pr' the dote unites payment of interest at such iase wauid he I,ontr,l n0 a r
<br />pplic:able law. to which event su,i x amuutits
<br />mere" vivad bear ' at due highest rate permissibie< undo applicable law berthing contained iii this paragraph 7 shall faaune Lridet to in.ur any
<br />M take any action hereunder.
<br />g- 11110111K0011111. Lam may make or cause to be made rcax,nahlu a n:c up 'n and inspectie>si 7tie IT,u
<br />perry. pf. slde,.d ^had I ender rhail
<br />pie WxfUwvF flol prwi Warty such Inspect', icui apecnfying reasi*rcahye Aerie 0'r -te"o, related ' , I vldv� + mle ?r9l in the Pr prtry
<br />♦ ! • 'foe pf(X rda oaf a.ns AwAfd e,f lairr, fur "an ag,r . ! iec sext.rtntsa . ,; . :zti oh a - endei i a :�,=i� , .
<br />;,ghcx Aamg If tier, Property. of part thereof, of 4sf "'nser411'e ern e s: err tartan f he., 0" a'signed a 1'hatl fv a d 1
<br />a hceycmut a fmai falling of iht Pfcdxrts the s li;i tTr e -p. ;�� lit. .,.,n'>ex erex a t'is iper - T.ust e Re ex r",
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