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<br />If Bol�vt` Pays Funds to Lender. the Funds shall be held in an institution the deposits or 003450 accounts Of which are
<br />Insured Or guaranteed by a Federal or state agency- (including Lender if Lender is such an insthuTiont. shall apply
<br />the Funds to pa) said Taxes- assessments, insurance premiums and g rou nd rents. Lender may not charge for so hcdding
<br />and applying the Funds. —ajvz'r`9 said account 07 verifying and compiling said assessments -
<br />Pays Bo rimer interest on the Funds and and bills. unless Leader
<br />alifill-bk- law Permits Lender to make such a charge. BonSWICT and Lender
<br />Inav agree in writing at the time of execution Of this Diced of Trust that interest on the Funds shall to
<br />and unless such agreement is made or applicable law be paid Borrower.
<br />requires such interest to be paid. Lender "I not be required
<br />to pay Borrower any interest Or earnings on the Funds- Lender shall give to Borrower. -Aidwirt charge, an arm
<br />accounting of the Funds showing credits and debits to the Funds and the purpose for which each t us,
<br />ch IT debi to the Funds was
<br />I - The Funds are PW-eed as additional security for the sums secured by this Deed of Trust.
<br />made
<br />f the amount of the Funds held bv Ixtider. to'
<br />the due dares of Taxes- assessments., ' together with the future monthly installments of Funds payable prior to
<br />taxes. assessments. insurance premiums insurance Premiums and ground rems. shall exceed the amount required to pay said
<br />- remiums and ground rents as they fall due- such excess shall be. at Borrower's option.
<br />either Promptly repaid TO Borrower or credited to Borrower on ' installments of Funds. If the amomit of the
<br />Funds held by Lender "I nor be sufficient to par taxes. assessments, ents, insurance premiums and ground rents as they fall
<br />due. Borrclwv�r shall Pay to Lender any amount necessary to -e up the deficienev in ts as -
<br />May require- - make one Or more paymien Lender
<br />Upon payment in full Of all sums secured by this Deed of Trust. Lender shall Promptly refund to Borrower any
<br />Funds held by Lender. If under paragraph !- hereof the Property is sold or the Property is otherwise acquired by
<br />Lender. Lender shall apply. no later than immediately prior to the sale of The Pro - or its acquisition v
<br />Funds held by Lender at the time of application - Pem. 0 ts acqu i i b Lender. any
<br />3. Applicabes of p�sylleeai,. . as a credit against the sums secured by this Deed of Trust. .
<br />Unless applicable law Provides otherwise. all payments received by Lender under
<br />the Note and paragraphs I and 2 here-of shall be applied by Lender first in payment of amounts Payable to Lender by
<br />Borrower under paragraph 2 hereof- then TO interest Davable on the Note. and !hen to the principal Ofthr Note.
<br />4. Prier Mortgages and Deeds of Trent: Cha;�&; Lients. Borrower sha'E perform all of Borrower's obligations
<br />under any, mortgage. deed of trust Or Other security agreement with a lien which has priority Oyer this Deed of Trust.
<br />including Borrower's covenants to make payments when due. Borrower shall pay or ca' use to be paid all taxes.
<br />assessments and other charges, fines and impositions attributable to the Property which may attain a priority over this
<br />Deed of Trust, and leasehold payments or ground rents, if any.
<br />5- HAMd losers . race. Borrower shall keep the impro,_ emenTs now existing or hereafter erected on the Property
<br />insured a nsi loss b% fire. hazards included within 'he term "exiended coverage . and such other hazards as Lender
<br />gal I
<br />may require and in such amounts and for such periods ri as Lender may require.
<br />The insurance carrier providing the insurance shall be chosen by Borrow -er subject To approval by Lender: provided.
<br />that such approval &hall not he unreasonably
<br />withheld. All insurance policies and renewals thereof shall he in a form
<br />acceptable to Lender and shall include a standard mortgage clause in favor o- - and in a form acceptable to Under.
<br />Lender shall have the right to hold the policies and renewals thereof. which SUbjVC1 It) the term s of an_v mfIT19age. deed of trust
<br />has prik mi; aver this Deed of Trust.
<br />In The e%imi of loss. Borr(mer shall I g-
<br />Of loss if not made prornpi I Borrower. ye Prompt notice to the insurance carrier and Lender. Lender may makt proof
<br />14-the Property is abandoned b; Borrov%er. ?r if Borrower - fails to respond to Under " nhir 3t1 days from he date
<br />notice is mailed In' Under to Borrower that the lrsurancL carrier offers to settle a
<br />authorized to collect arid apply , a claim tot insurance benef-jis. Under:,
<br />I� The insurance 13"Meccis at Lender's onnon either to reTr
<br />PrOPCrIY Or to The sums secured by ,. this Deed of Trust. )ration or repair III the
<br />6- PfOwn'ation and Mainte"eal of Pr"Pe"y. LeaKimids; Condominium. Planned Unit Developments. Bor-
<br />rower shall keep the Property in good repair and shaD not commit
<br />Properfy and shall comply, w- g, ' waste or Permit impairment or deterioration kit The
<br />' with The provisions ofan - N lease if *this Deed of Trust is On a irasehoid. If this Deed of Trust is
<br />on a unit in a condominium Or a planned Unit development. Borrower shall perform all of Borrouer's AtAigations under
<br />the declaration or room nanis creating or governing the condominium or planned unit development. The h - v -laAs and
<br />regulations Of the condominium Or Planned unit development. and constituent documents.
<br />Dood '. Preasclies of Leader's Secter"'. If BOTTOwer tails 10 perform the covenants and agreements contained in This
<br />of Trust. or if any action Or Proceeding is commenced which materially affecis Lender's interest in h Pro
<br />thin Lender. at Lender's option. uper nojiL Z i the Property,
<br />e to Borrower. may make such appearances. disburse such sums, including
<br />reasonaNe arterneys" fM. and take such action asis, necessary ID Protect Lender's interest. If Lender required mortgage
<br />insurance as condition of making the
<br />loan secured b% this
<br />Deed of Trust. Borrower shall par the Premiums required to
<br />main aim such insurance in effect until such time as the requirement for such insurance Terminates in accordance with
<br />BOTrOwtir's and Lender's written agreement Of applicable law.
<br />Any amounts, disbursed be v Lender pursuant To this paragraph _. with interest thereon. al the Note rate. shall
<br />become additional indebtedness of Borrower secured by this Deed of Trust- Unless BOI-T—el at
<br />Lender agree ze,'
<br />other terms of Payment. such amounts shall be Payable upon notice from Lender To Borrower requesting payment
<br />thervol, Nothingclantauned in this paragraph -shall require Lender to incur any expense or iaKc an action hereunder.
<br />8.
<br />Inglecdals. Lender Y
<br />May make Or cause to be Made reasonable entries upon and inspections of the Propeny.
<br />Provided that Lender shall glyr Borrower notice prior to any such
<br />related to Leader's interest in the Property.
<br />"'IsPectiOn sPe,51-ling Ttasonjj)jv cause therclor
<br />9- CONdOnsatim. The proceeds Of any award Or claim for damages. direct in consequential, I,-. �:(,mIcCjIoIl with
<br />altv condemnation or other taking of the P'ropl or part thereof. or for conveyance in lieu of condeninjuon, are
<br />hereby assigned and "I be pod to Lender, su-nmcl to The Terms of an-, mongage. diced of trust tIT j),he, ccu-i!, agen-
<br />t with a I'm which has Kim* (VvcT this Deed or Trust- . - �Ttc_
<br />19' Bsrf*uw IN011 Rgit=W. Uarbearsece liv Lender NOT a Waiver. E.xtcn,jkII3
<br />modifkation of amOrtiz pamaeatt nt.
<br />,&Iwn cAlhe sums sects by This Lied of Trust granted b% I)t the time im,
<br />Harrower shall not operate I,,, it all all, SNCIX�SOT III Interest eel
<br />interest- Lender shall not he required tv "m Zt2mricr' the habifilY Of The orignt-la" It!
<br />Meet Of c"btrwile modify amoT , jLzAlton "c" Prix-dinp against suit tL,sc ,
<br />,, relents 01 the $11- n pa,
<br />Original Borrower acrd - % secured h� Tim Deed of b� rca�I,71,,f jrI% j,:7 rand rrtade l,. The
<br />Borrtmcr s in Intern, Am firbta-.jn, ltrid'
<br />brm , M udc. to 1111- affinded bY appjk�AhC law - shall TIll IWA -J3� VT I,Ir pry,
<br />heft'm �*Ncoessoes and �A*&'Ilft BOWW: Joint and Swvvral o-signen.
<br />pardgtpl; It, fe r f Ah
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