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<br />appliwblg�tk Alhr"ll, 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 />I f the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to the dire dates of taxes,
<br />assessments, insurance Premiums and ground rents, shall exceed the amount required to pay said taxes, 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 />ground rents as they fall due, Borrower shall pay to Lender 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 sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Leader. If
<br />under paragraph Ig hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply, no later than immediately
<br />prior to the sak 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. Apptlradoo of Payments. Unless applicable law provides 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 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. CYmpa; Lion. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to the Property which
<br />may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the manner provided under paragraph 2 hereof
<br />t 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 ±ischarge 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 linen 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 pan thereof.
<br />S. Hazard lawrana. 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 cured by this Deed of Trust.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by lender; provided, that such approval
<br />,hall 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 insurutce 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 polic-des and renewals thereof, and Borrower shall promptly furnish to
<br />Lcn aer 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 he 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 />arrked to the sums secured by this Dad 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 />sertle a claim for Insurantce 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 Devi 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 />state of the momihly installments referred to in paragraphs I and 2 hereof or change the amount of such installments. If under paragraph 18
<br />bereof 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 />'hereof frinaking from d~ to the Property prior to the sale or acquisition shall pass to lender to the extent of the sums secured by this Deed
<br />of Trust immediately prior to such seek or acquisition.
<br />C Preserved" nN Illwlewoe of Prep arty: IA*wb ls: i oebasblams: planed UFAI Develepmeasa. Borrower shall keep the
<br />PrOPMV in gaud repair and shall not commit waste or permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any ken if this Deed of Trust is on a lwelsold. If this Dad of Trust is on a unit in a condominium or a planned unit development, Borrower
<br />Perform ail of Borrower's obligatioas under the declaration or covenants creating or governing the condominium or planned unit
<br />development, the by-laws and regulations of the condominium or planned unit development, and constituent documents. If a condominium or
<br />Pitmwd usut developaosat rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such
<br />rider be Incorporated into and shall amend zed supplement the covenants and agreements of this Dad of Trust as if the rider were a part
<br />hereof .
<br />i. Ptelsallea of lAodw's Socvky. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any
<br />action or proccvdtn# is commencad which materially affects Lender's interest in the Property, including, but not limited to, eminent domain,
<br />iffiahreavy, code enforcessaira, or arrangements of proceedings involving a bankrupt of decedent, then Lender at Lender's
<br />d option, upon notice to ewer ma mate such Appearances, disburse such sums and take such action
<br />as is necessary to protect Lender's interest, including, but
<br />tot/ berated to, disibuirsonsent of reasonable attorney's fen zed entry upon the Property to make repairs. If Lender required mortgage insurance
<br />as a c of Making the loan secured by this Dead of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />�mu1 such time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />law. hoirtower AW' pay the amount of all mortgage insurance premiums in I he manner provided under paragraph 2 hereof
<br />Any affloarm disburoot! by Leader pursuant to this paragraph 7, with interest thereon, shall P:tome additional indebtedness of Borrower
<br />wured by this Deed of Trust. Undms Borrower and Lender *Sroe to other terms of payment, std:h amounts shall he payable upon notice from
<br />1 to rawer requesting payment thereof, and shall bats interest front the date of disbursement at the rate payable from dine it, time on
<br />t ixtot#pd undo the Note urine payment of interest at such fate would be contrary to applicable Iaw, in which event such amounts
<br />shall bear mennit at the Ingbort rate permumble under allocable law. Nothing : ontained in this paragraph shall require Lender to incur anv
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<br />"PMW of rake any action hereandet.
<br />11. lageaUoe, Leader May make or cause to be made reasonable erltricv upon and i"[WOtons of the Property, provided that Itnder shall
<br />gave Borrower "I'" PrKM to any Such inspecsixxu'Mifying reasonable Louse therefor related In I Mhler's tnrMect in the Property
<br />9. C` . Tile proceeds of any award of claim rttr damates, dnert i,r cansrxluentaal, in connection wrtxt sort t.�ndernnattnn nr
<br />taking of the Pfd tY, of put thereof, of for c+mvev*wc in hen of s ondemnaticm, are hereby assigned and +hail be t�ict to I rnder
<br />4t5 C e'q'ersr of a tf+4a1 talons 4f the Property, Itte ptett:eeda 51,411 he applied In the ruut5 sc urel t }5 thie Ismt „s I r a't, a i?h the ru'e's. it Am
<br />rot M"Orowex. In the event of a partial takiina of The Propvrts, iunte5r fdoln,wrr And I endci r,ttu°sw,xe aeesec to u• limn. .hall he arplte',l
<br />iks. v- aat?r� s.eKrtarcttj hp !team f1 1 of Itu%i auth pwopnnl 0" "f the lir'urerel as +,. -,tu v: ', t},AI �.r I ;...,,,, w h,, ?; tote .a t� ,n. , i!rc ..usi a•, ,uc'.=
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