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<br />applicable law r n such tattiest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall
<br />give to Bo�rro�e', •�pyr t 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, ituuranc : Meridians and ground rents, shall exceed the amount required to pay said taxes. assessments, insurance premiums and
<br />ground rents they fall due, such excess shahl be, at B
<br />installments of f Funds. If the aorrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />mnamt 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 Leader 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 sutra secured by this Dad of Trust, Lender shall promptly refund to Borrower any Funds held by Lender. If
<br />weer 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 sutras
<br />secured by this Deed of Trust.
<br />3. ANMeatlair a( layriesh. Unless applicable law provides otherwise, all ,
<br />and 2 hereof shall be payments received by Lender under the Note and paragraphs 1
<br />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. Charon; Lieu. Borrower shall pay all taxes, assessments and other charges, fines and ins
<br />may attain a priority over this Dad of Trust, and leasehold Positions attributable under the Property which
<br />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 shalt 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 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 Dad 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 forth acceptable to Lender, Lender shall have the right to hold the policies and renewals thereof, and Borrower shall
<br />Lender all renewal notices and all real promptly furnish to
<br />pus of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br />Lender. Lender may matte 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 />damaged, Provided such restoration or repair is economically feasible and the security of this Deed of Trust is not 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 secured by this Deed 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 Dad 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 referred to in paragraphs 1 and 2 hereof or change the amount of such installments. !f under paragraph IS
<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 reciting from damage to the Property Prior to the sale or acquisition shall
<br />of Trust immediatety prior to such Sale or pass to Lender to the extent of the Burns secured by this Deed
<br />acquisition.
<br />6. PnmwvaNN and A" * , at n of prop"; t4an "; Condondaease; �Nuuei Uait Dsysblmeals. Borrower shalt keep the
<br />Property in food repair and shall trot commit wane or permit impairment or deterioration of the Property and shag comply with the provisions
<br />Of any less if this Dad of Trust is on a leasehold. If this Deed of Trust is on a unit in a condominium or a planted unit der
<br />shall Perform W of Bonviatir's obligations under the declaration or covenants creating a elopment, Borrower
<br />deveWPONrm, the by-laws and foonstitu the condominium or dorm i unit
<br />regulaioaS of the condominium o planned unit development, and constituent documents. If a condominium or
<br />Pleamed unit devdopmmt rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such
<br />rider shall be incorporated into sad shell amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a part
<br />hereof.
<br />7. lhaesedm of Lawler's 9eeur1lY. If Borrower fails to
<br />�� ot perform the covenants and agreements contained in this Dad of Truest, or if any
<br />Proceeding s commenced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain,
<br />insoivdcy, code saforeamea, or araagmna+ts of Proceedings involving a bankrupt or decedent, than Lender at Lender's option, u
<br />tO Borrower, may mate such appswwbm. disburse such turns and take such action as is nets Poi notice
<br />tuM d to. of reasonable attorney's fen and entry upon the Pr to Protect Lender's intact, including, but
<br />a a txtrtdtdon of Property to make repairs. if Lender required mortgage insurance
<br />mak6rg the loan secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />until such time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />law' DOrtoM shag Pay the amount of W mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />A" amOmb disbursed by header pursuam to this Paragraph 7. with interest thereon, shall become additional indebtedness of Borrower
<br />Secured by this Deed of Trust. Unhas Borrower and Lander agree to other terms of payment, such amounts shall be payable upon notice from
<br />Leader to Borrower requesting payment thereof, and shall bar Interest from the date of disbursement at the rate
<br />o erg Principal under the Note unless paymeal of interest at such rate would be contrary ayable from time to time is
<br />sludl briar WNW" at the rat permrinible under eery to applicable law, in which event such incur any
<br />exPsaesa take applicable law. Nothing contained in thin paragraph 7 shall require Lender to incur any
<br />tuuy arnica bneuadsr,
<br />g• Inps[lea. Leader may make or cause to be made reasonable entries upon and ins
<br />give Borrower notice prior to any Such inspections erections a the property, provided that Lender shall
<br />9 sped reasonable cause therefor related to Lender's interest in the Property.
<br />(*NdaaaWa. The proceeds of any award or claim for damages, director consequential, in connection with any condemnation or
<br />other taking of the Property, Of Pat thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Decd of Trust, with the excess, if
<br />paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender otherwise agree in writing, there shall he applied
<br />10 the sums secured by this Deed of Trust such proportion of the proceeds as is equal to that proportion which the amount art 1 he sums secured
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