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85.x. 004413
<br />applicable law requires 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. I
<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, insurance premium and grouted rents, dull 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 />r insallmaus of Funds. If the amount of the Funds bold by Lender shall not be sufficient to pay taxes, assessnents, 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 anew secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Lender. If
<br />under pl ryraph IS hereof the Property is sold or the Property is otherwise acquired by Leda, Lender der 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 spiwt the stuns
<br />secured by this Deed of Trust.
<br />3. Applead" of hymwes 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 feat 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. Christen; IAem, 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 lauhold 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 shalFnol 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 manna acceptable to Lender, or shall in good faith contest such lien by, or defect 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. Hearst Im worm. 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, 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 snaking 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 form acceptable to Leader. 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 carrier and
<br />Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Leader 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 Dad of Trust would be impaired, the insure= proceeds shall be
<br />applied to the sums socmred by this Dad of Trust, with the excess, if any, paid to Borrower. If the Property is abandoned by Borrower, or if
<br />r
<br />BorraW -r 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, tender is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or
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<br />repitu of the Property or to the sums secured by this Deed of Trust.
<br />Unless Leader and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due
<br />date of the moodily installments referred to in paragraphs I and 2 hereof or change the amount of such installments. If under paragraph 18
<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 secured by this Deed
<br />of True immediately prior to such sak or acquisition.
<br />L. Pletimo Nn std MdaMnnra of Pastgerty; L.emeht"; CodomMrmnr; PYod Un8 nearsiapmmu. Borrower shall keep the
<br />Property in good repair and shall not commit wage or permit impairment or deterioration of the Property and shall comply with the provisions
<br />of say lea a if tide Dad of Trust is on a Ieudtoid. If this Dead of Trust is on a unit in a condominium or a planted unit development. Borrower
<br />shag perform all of Borrower's obligations under the declaration or covenants crating or governing the condominium or planned unit
<br />development, the by -laws ad regulatiosr of the condominium or planned unit development. and constituent documents. If a condominium or
<br />pleased unit developmew rider is executed by Borrower and recorded together with this Dad of Trtwt, the covenants and agreements of such
<br />rider shah be incorporated into std shall amssmd and supplement the covenants and agreements of this Deed of Trust as if the rider were a pan
<br />hereof.
<br />7. Prseaed" of Gender's Smwky. If Borrower fails to perform the covenants and agreements contained in this Dad of Trust, or if any
<br />action or proceeding is commenced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain,
<br />insolvency. code aforcm" m, or arraugemonts or proceedings involving a bankrupt or doaxdent, then Lender at Lender's option, upon notice
<br />to Borrower, may mace such apparasres, disburse such sums and take such action as is necessary to protect Lender's interest, including, but
<br />not Hmkted to, disbursement of remora" ettorsey's fora and entry upon the Property to make repairs, if Lender required mortgage insurance
<br />u a condition of making the loan secured by this Deed of Trust, Bmrower shall pay the premiums required to maintain such insurance in effect
<br />until such time as dw requirement for such insurance terminates in accordance with Borrower's and tender's written agreement or applicable
<br />law. Harrower dean pay the amount of all mortgagr insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lander pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />secured by this Dad of Try. Utdw Horrower and Lender agree to other terms of payment, such amounts shall be payable upon notice from
<br />Lender to Borrower requ md" paymeaq' thereof, and shall but interest from the date of disbursement at the rate payable from time to time on
<br />outstanding Principal under the Now smiles payment of interest at such rate would be contrary to applicable law, in which event such amounts
<br />shall hies interest at the MOW rate permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any
<br />expense or tab any action hereunder.
<br />II. I.q.tI Lades may make or cause to be made reasonable entries upon and inspections of the Property, provided that I -ender shall
<br />L give Borrower aoim prior to any such im pcetion specifying reasonable cause therefor related uh Lender's interest in the Property.
<br />0, CanMmsaYos. The proceeds of any award or claim fat damages, direct or consequential, in connection with any condemnation or
<br />,Aber taking of the Ptoperty, or part tMreof. or for conveyance in lieu of condemnation, are hereby assigned and shall he paid to Lender
<br />h
<br />In the event cif a total taking of the Property, the proceeds shall he applied to the sums secured by this Decd of I'tust, with the Mess. it and,
<br />paid to Borrower. In the event of a partial taking of the Property, unless Ik,rruwer and Lender mhetwi.c asicr m wtitinR, there Ohall be appled
<br />U) the coma sox uird by this Deed of Trust uKh proportion of the pnxmia+ i, rqual to that pr op t,rnon ahtch thr amni,oi rat tile- vents s"III rd
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