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applies Jtiq�ires such 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 />If the amount of the Funds hold by Lender, together with the future monthly installments of Funds payable prior to the due 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 shaA be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />installmeats 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 Leader 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 Lender. If
<br />under paragraph Ill 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. APpikind a of Taymea4. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs I
<br />and 2 hereof shall be applied by Lander first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then :o interest
<br />payable on the Note, than to the principal of the Note, and then to interest and principal on any Future Advances.
<br />4. CbwrW Lien. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to the Property which
<br />mnay attain a priority over this Dad of Trust, and leasehold 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 Lander receipts evidencing such payments. Borrower shall promptly discharge 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 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 pan thereof.
<br />S. Hewed Iatarama. 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 Deed of Trust.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, :hat 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 polities 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 policies and renewals thereof, and Borrower shall p}onsptdy furnish to
<br />I ender all renewal notices and all receipts of paid premiums. in tl }c cvenr of less, Borrower shat! give prompt notice to the insurance earner and
<br />I ender. lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance procceds shall he applied to restoration or repair of the Property
<br />damaged, provided such restoration or repair is economically feasible and the seaunty of this Deed of Trust is not thereby impaired. If suet,
<br />restoration or repair is not economically feasible or if the security of this feed of Trust would be impaired, tine insurance proceeds shall be
<br />applied 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 Lander 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 />reps . of the Property or to the sums secured by this Deed of Trust -
<br />t: nku Leader and Borrower otherwise agree in writing, any such application of prcKteds to principal shall not extend or r"tponr the due
<br />date of the monthly installments referred to in paragraphs I and 2 fiereet or change the amount of such installments. I f under paragraph I is
<br />ktereof the Property is acquired by Lender. all right, title and interest of B.arri—cr in and to any insurance policies and in and to the proceeds
<br />tftaeof resulting from damage to the Property prior to the We, r acquisition i.ttaii pass to Lender to the extent of the sums secured by this Dad
<br />ref Trust immediately prior to such sale or acquisition.
<br />f. PreaaaaWa mild Mrinenea, of PrePertf: i.eoaelolb: (wsdamiatdama: Phrase/ Unit Ie+eloPneaa. Borrower shall keep the
<br />Property in good repair afrd shall not commit waste or permit rmpasrmcm or deterioration of the Property and shalt comply with the provisions
<br />of any lease if this Deed of Trout is on a leasehold. If this Deed of Trust is on a unit in a condominium or a planned unit deveiopaill Borrower
<br />shall perform all of Borrower's obligations under the decdaratisml or covenants "eating or governing the condominium or planted unit
<br />development. the by-laws and regulatioms of the condominium or planned unit development, and constituent documents, If a condominium or
<br />planned unit devdoprmemt rider is executed by Borrower and recorded iollcthet with this Deed of Trust, the covenants and agreements of such
<br />rider scull be imorporated into and shall amend and supplement the covenants and agreemaits of this Deed of Trust as if :hc rdcr were a part
<br />her-of.
<br />7. Troeaedl a of Lta/er'a fssewity. If Borrower fails to perform the, oi,cnants and agreattents contained in this Deed of Trust. of if any
<br />aclKmi or pten7essting is comnMnced which materially affevs Lenclei's tritetcsl in the Property, including, but not hmord to, eminent domain.
<br />insolvency. code enforcement, or arrangements or proceeding, inliohcng a bankrupt cm decedent. then Lender at I.endct's option, upon notice
<br />to Borrower, may make such appararsees, disburse such sums and take such action as is necessary to protect Lender's intetni. iniJuadinit. but
<br />not limited to. dis , ement of reasonable attorney's fees and entry upon tsar Property to make repairs. If Lender required mortgage Insurance
<br />as a condition of snaking the loan secured by this teed of Trust. Bortowcr shall pay the premiums tcyuired to maintain such insurarwe in of fear
<br />ittitif such tnam as the tegtdtermeml for such insurance terminates in accordance with Borrower's and !.eider's written assectit", or applicahic
<br />law "Off t}wa shall pay the amount of all mortgage insurance premiums in the mannct provided under paragraph 2 hereof .
<br />Any amounts disbursed by Lenders, pursuant to this paragraph 7, with interest thete}n. shall become additional indebtedness of Koftowcf
<br />, ueerd by this heed of Trust, UMess Borrower and lender agree to other terms of psyment, such amounts shall tie paalahie upon twIlae trom
<br />I enda to borrowers, requesting payment thereof, and shall heat inieterst iiinn the date of dishutsenstnt at the rate payable Iroili tins it, lame on
<br />, tcutsladidt g pruitapall under the Not unim payment of interest at such rate would he cittntrary to applicable law, in which event siich amount%
<br />?hall hear irmreteat at the hogfweo rate permissible under applicable law. Nwhirle contained in this r4raaraph ' %hall tcqulte f en ice il, Amur ally ism
<br />eapettsir or take any actiort hereunder-
<br />g. imperib". header may make or cataae to he made rells,,,ril mtrin upon alto imptin -ntmtt ill the Prtyterly, prosideJ that I ender shall
<br />tr VP "Yew" natice ptnor t0'any stash NnfprCl}(ma apesifying Feia49rlak le ,.ausC Therefor ieli lend t45 I ender h Intern ill the l't49perty
<br />4, (oa/easastsNoa. The proceeds of ana award tot Limit: for ditrnaera, .i licit IN olmequrnlial, in i onne+.ltorl with Ails klkdkiY leeF` ^n ! I
<br />"'the, takina of the! Property. of pets theltipf, of iris Ci,n VeVill ill iiCid 4q u.Ir'adritlnalnon, are he'Ctlt aSlissrteet athl khail he pa',! ,1 1 el Jtt
<br />oil trey m°vtttl cif a renal taking Of she PtlYperl4', lteC p+txmis ~}tali k}e n, uhf *sNti! 'e,,vrCO hl spiv lh'a�i c . l c asst , w LF J±r ill. r *•,. II :air.
<br />�*.J s:: It, q fowrr In skit event of as partial saltine 4,t live Pri,jwo iinlc'e li. °.,uiri al =err f 011 del "herwl., Ale;tr v v :ll!t=ce 1: r 1,A11 Ill A`;'111-11
<br />tom ,4, e, -al hit Ihie Ikea! ref Irusi such r,f.q 11v,n 1 ,e t., r'. l, I, ; .. I , ., _ I , .7 ,. ,.,
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