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00,36158
<br />requires such interest to be paid. Lender shall not be required to par Borrower any interest or earnings on the Funds. Lender shall
<br />1P`-'e to Borrower, without charge, an annual accounting of the Funds shawl Fig credits and debits to the Funds and the u
<br />debit to the Funds was made. The Funds are p rpose for which each
<br />Pledged as additional security for the sums secured by this Deed of Trust.
<br />If the amount of the Funds held by Lander, together with the future'
<br />installments of Funds payable prior to the due dates of taxes,
<br />assessments, insurance Premiums aid ground rents. shall exceed the amount
<br />ground rents as acquired to Pay s� taxes, assessments, insurance prtatiuMss and
<br />installheents they fall dux, Rich ettces shall be, at Borrower's option, either Promptly repaid to Borrower or credited to Borrower on monthly
<br />Of Funs. If the amount of the Funds held by Leader shall not be sufficient to pay taxes, assessments, insurance premiums and
<br />Found rents as they fall dux. Borrower slnahl 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 an Runs secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Lender. of
<br />under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall
<br />Prior to the sale of the Property or its acquisition by Leader, any Funds held by Lender at the time of a apply, no later than immediately
<br />secured by this Deed of Trust. pplication as a credit against the sums
<br />3• MPieeden of Payments. Unless applicable law provides otherwise, all payments received by Lander under the Note and paragraphs I
<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 Noe, and then to interest and principal on any Future Advances.
<br />4• C'Yai'ra; Bans. Borrower shall pay all taxes. assessments and other charges, fines and im
<br />may attain a priority over this Deed of Trust, and leasehold positions attributable e the Property which
<br />or, if not Payments or ground rents, if any, in the manner Provided under paragraph 2 hereof
<br />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 dux 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 Decd of Trust;
<br />Provided, that Borrower shall not be required to discharge any such lien so tong 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 />f
<br />in, legal Proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />s• Ha ed lemenmee. Borrower shall keep the improvements now existing or hereafter erected on the
<br />r
<br />hazards included within the term "extended coverage ", and such other hazards as Lender may require and inProperty
<br />uch tamounts aagainst or such fire. s
<br />as Lender may require; provided, that Lender shall not require that the amount of such coverage exceed that amount of coverage requitYdp r pay
<br />the sums secured by this Deed of Tract.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to a
<br />shall not be unreasonably withheld 1 approval by Lender, provided, that such approval
<br />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
<br />ceptable to carrier.
<br />All insurance Policies and renewals thereof shall be in form ac Lender and shall include a standard molt
<br />and in form gage clause in favor of
<br />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 carri
<br />Lender• lender may matte proof of loss if not made promptly by Borrower. er and
<br />n
<br />Unless Lender a 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 o repair is not economically feasible o if the security of this Deed of Trust would be impaired, the insurance proceeds shall be
<br />applied to the summa secured by this peed 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 />repair o t� for insurance benefits, Lender is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or
<br />Property or to the sons secured by this Deed of Trust.
<br />Unless Lender an Borrower otherwise agree in writing, any such application of proceeds to principal shall not attend or postpone the due
<br />date of the monthly imtalbT=U referred to in paragraphs I and 2 hereof or change the amount of such installments. If under paragraph 16
<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 resulting from damage to the Property prior to the sale or acquisition shall pass to Lender to the extent of the sums seared by this d)xd
<br />of Trust immediately prior to �h sale or acquisition.
<br />6. Property in good -d Ma el"Maoe M thaparty; Lemebelds; Coatfet�s; Pyaetl Unk Derdo�, Borrower shall keep the
<br />Of any lase if Dead of shaU am
<br />is on a Permit impairment or deterioration of the Property an shall comply with the provision
<br />3msebold. If this Deed of Trust is on a unit in a condominium or a planned unit
<br />� perform >W of Borrower's obligations; under. the declaration o covenants treat' o development, Borrower
<br />development, the by-laws and regulations of the condominium o creating governing the condominium or planned tutu
<br />Planned unit planted trait development, and constituent documernts. If a condominium or
<br />vela it tataatted by Borrower aid recorded together with this Deed of Trust, the covenants and agreements of such
<br />rider Shall be incorporated into and shop amen and supplement the covenants and agreements of this Deed of Trust as if the rider were a pare
<br />hereof.
<br />?• treseetlaa °f l,eads's Swmky. If Borrower fails to
<br />Perform the covenants and agreements contained in this Deed of Trust, or if any
<br />action of Proceeding is coommumd which Materially affects Lender's interest in the Property, including, but not limited to, eminent domain•
<br />vency, code 011f0roommit. o o proeediMg involving a bankru pt or
<br />decedent, then Lender at Lender's option, clots notice
<br />to Borrower, may make sudh appearieces, disburse each sntns an take such action as is necessary to protect Lender's interest. including, but
<br />nae limited to' disbursement of rasoarnbie attorney's fees an en
<br />try upon the Property to make repairs. If Lender required mortgage insurance
<br />as a condition of Making the loan secured by this Deed of Trust, Borrower shall
<br />until such tuna as the Pay the premiums required to maintain such insurance in effect
<br />requirement amour for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />leer. Borrower Pay the of all mortgage }assurance Premiums mms in the manner provided under
<br />' by Leader pursuant to this Paragraph 2 hereof.
<br />secured by this Deed of Treat. U Borrower and lender Paragraph 7, with interest thereon, shah cecomt additional indebtedntess of Borrower
<br />agree to other terms of Payment, such amounts shall be payable upon notice from
<br />Lender to Borrower requesting prYmsstt thereof, a� shalq bear interest from the date of disbursement at the rate Payable from time to time on
<br />shall PriaCiPd under the Note unless payment of interest at such rate would he contrary to applicable late, in which event such amounts
<br />beer take interest
<br />mroe rene permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any
<br />i '• fr/aayaa. l Wen tray mate o cause to be try ressonabLe entries upon and inspections
<br />l� "e rower notice to an such i pot d to L of the Property. Provided that Lender shall
<br />y inspection specifying reasonable "use therefor related to Lender's inures, in the Property.
<br />9. . The Proceeds of any award or claim for damages, direct Or con
<br />other taking of the Property, o pan txreof, o for conveyance in lieu of condemnation, ore hereby assigned and shall he arty condemnation n .»
<br />IM the evert of a total taking of the Property, the Paid to Lrndrr.
<br />paid in born it shad � applied ti, ¢tar sums secured by this I1aed of rrust, with the excess, if any.
<br />°wet• In the event of a Partial taking of the Property, unics's Pklirower and I ender oxhetwtse agree in aritin llierr .hall fie
<br />-� sure aartrss secured by this Dead of Trust sw h &. a aP�f.iie.t
<br />pt of Ilion of thr �Sr <x -redo �m ;c rag t„ shot t,i o,: e,riinr aPuch th,,
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