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<br />applicable iasrIqu" such interest to be paid, tender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall
<br />give to 8orteisver; 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 sutras secured by this feed of Trust.
<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 />amesnnmts, insurance proms and ground rants, shall exceed the amount requited to pay said taxes, assessments, insurance premiums and
<br />ground rents u they fall due, Pick excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />inualfnsatu of Funds. If eke aunoent 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 shat pay to Leader 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 aB stag secured by this Deed of Trust, Lender shall promptly refund to Borrower any Fluids held by Lender. if
<br />under paragraph IS hereof the Property is sold or the Property is otherwise acquired by Lender, Leader &W apply. no later than immediately
<br />prior to the sae of the Property or its acquisition by Leader, 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. AgpBowWa of Pay 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 />d. Cups; lima. Borrower steal pay all taxes, assessments and other charges, furs and impositions umbutable 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 />or, if not paid in such manna, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to
<br />Lender all notions of amoututs 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 shalt promptly discharge any lien which has priority over this Dead of Trust;
<br />provided, that Borrower shall notlie 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 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. Nasard lemraaoe. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire.
<br />hazards included within the tam "extended coverage", and such other hares ds 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 currier providing the insurance shall be chosen by Borrower subject to approval by Lender. provided, that such approval
<br />stall 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 />Ail msurance policies and renewals thereof shall he in form acceptabie to Lender and shall include a standard mortgage clause in favor of
<br />and in form aoxptable to Lender. Lender Sinai 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. Lander may make proof of loss if not made promptly by Borrower
<br />Unkxs Lender 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 secunty of this Deed of Trust is not thereby impaired. if such
<br />restoration or repair is nor economically feasible or if the security of this Deed of Trust would be impaired. the insurance proceeds shall be
<br />applied to the roans secured by this Deed 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 />settle a claim for trtswrce 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 Deed of Trust.
<br />Unless terrier and Borrower otherwise agree in writing, any such application of pros to principal shall not extend or postpone the due
<br />dale of the monthly installments referred to in paragraphs I and 2 hereof m change the amount of such installments. if under paragraph 18
<br />hereof cite Property is acquired by Leader, all right, title and interest of Borrower in and to any insurance policies and in and to the proceeds
<br />thereof retasking 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 Trust immediately prior to such sale or acquitution.
<br />i. Fsmaarnfaa all Ab oweaase of Property,. LaaashoW C:adwslrniuess; Plaafed Usk Doseigmeasa. Borrower shall keep the
<br />Property in good repair and seat not eotm sit waste or permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any keue it this Deal of Try is on a fmsaold. If this Deed of Trust is on a unit in a condominium or a planned unit development, Borrower
<br />perform aB of Borrower's obliptions under the declaration or covenants creating or governing the condominium or planned unit
<br />devdopoert. the by-laws and regulation of the condominium or planted unit development, and constituent documents. if a condominium or
<br />planned unit development rids a executed by Borrowa and recorded together with this Deed of Trust, the covenants and agreements of such
<br />rider diall be incorporated into and shall amead and suppleme i the covenants and agreements of this Deed of Trust as if the rider were a part
<br />hereof.
<br />7. room Of EANAWr Smatrlty. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any
<br />action of proceeding is commented which materially affects Lender'% interest in the Property, including, but not limited to, eminent domain,
<br />insolvency, code eaforcess ant, or matgrauatts or proceedings involving a bankrupt or decedent. then lender at Lender's option. upon notice
<br />to aorrower, may make each appearances, disburse such sums and take such action as is necessary to protect tender's interest, including, but
<br />not basted o. dhbunsusat of neaaonable attorney's fees and entry 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 pay the premiums required to maintain such insurance in effect
<br />until such time as the raAwremem for such insurance tertnunates in accordance with Borrower's and Lender's written agreement or applicable
<br />law. bwmwa *Ag Pty the amount of AN mortgage insurance premiums in the manna provided under paragraph 2 hereof.
<br />Any WWWA disbursed by Larder puanant to this paragraph ?, with interest thereon, %bull become additional indebtedness of Borrower
<br />secured by Oil* Dead of Trot. Unless Borrower and Lender agree to other terms of payment, such amounts shall be payable upon notice from
<br />Lender o awrower requeslptgt payment thereof. and Shall bow interest f tMo tux date of disbursement at the rate payable from tattle to time on
<br />outtumwft principal Wolof the Now unless payment of tateres[ at such rate would be contrary to applicable law, in which event suite amounts
<br />*lull bear sawrwl at era blow taw permimalsk under applicable taw. Nothing contained in this
<br />paragraph 'shall require !,ender to Incur inn
<br />-POW or mis eery KOM hnnia" r.
<br />1, knos f c Lender may mace or eaoe to be nude reasonable entrica upon aria mspections of the Property, provided that l coder shall
<br />IP%v Fkwfoww erode, Prof to may ineh issipecYwn specifying reaw"aable cause therefor related to Lcridef's interest tit the Property
<br />1. CaadOwm0en, The procoede of any award of stunt for dam&W. direct or conxvtuential, in contxcuon with env .undemnatcon
<br />or taking of the Property, or Put thereof, or for con%evatur in lieu of condefnnaeurn. are hereby assigned and she l r ;?acd ro l ender.
<br />In the event Ufa natal taking of the Property, the prrn'cvasts shall be Applied to she sums .rcufed by this [)red out Trust. oath !hr eve's ,. t! etas .
<br />l`w4 to Bot?Ower.. In the event cif a partial taking of the Pfoperty, unless lk,trowes antd I.Coder 1rthetw,u „grcc :n -- r,fmii, !heir..halt ,'v apri�nl
<br />io the wmrs..vcuted N this Dad of Trots vuch pee +.rpxKt K,n o1 rfu pratteta„ a: t, a4u81 rat !fiat whisk: !hr sr z = ,..... ,e •t,m..e. wo °d
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