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5 005417 `
<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 Finds are pledged as additional security for the sums secured by this teed 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 />g^ assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums and
<br />Iground 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 />installments 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 10 days from the dale notice
<br />is mailed by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly ret'und to Borrower any Funds held by Lender. If
<br />under paragraph 18 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, env Funds held by Lender at the time of application as a credit against the sums
<br />secured by this Deed of Trust.
<br />}. AppNcatdoa of Payarenta. Unless applicable law provides otherwise, all payments received by tender under the Note and paragraphs I
<br />and 2 hereof shall be applied by l ender first in payment of amounts payahle to Lender by Borrower under paragraph : 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. Cbegnt Lim. Harrower 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 leasehold payments or ground rents, if any, in the manner provided under paragraph 3 hereof
<br />or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower vhAll promptly furnish fa
<br />Lender all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly. Borrower shaft prompily
<br />furnish to Lender receipts evideni;mg: such payments. Borrower ;hall prompily discharge any lien which has priority over this Deed at Trust;
<br />provided, that Borrower shall not he required to discharge any such hen so long a% Born wer shall agree In writing to the payment of the
<br />obligation secured by such lien Ina manner acceptable to lender, or shall tit goad faith contest such lien hy, or defend enforcement of such lien
<br />m, legal proceedings which operate to prevent the enforcement of the hen or torfeiture of the Property or any part thereof.
<br />S. Huard Itwraaee. Borrower shalt keep the in, provenicrits now existing or hereafter erreted on the Property insured against loss by fire.
<br />hoards Included within the term "extended :olerase ", and such „titer hataras as Lender may require and m such amounts and for such periods
<br />as Lender may require; provided, that Lender shall not require Ilia, !hc amount of such coverage exceed that amount of coverage required to t av
<br />hr sums secured by this Derd of Trust.
<br />The insurance carrier providing the Insurance shall he chosen by Burrower ,uhtect to approval t +y Lender, provided. that such approval
<br />sliAll not be unreasonably withheld. All premiums on Insutan,:e pohcics .hall he paid in the manner provided under paragraph 2 hereof or. it not
<br />paid m %wh manner, by Borrower making payment. when due, dlrwly to the msurance carrier.
<br />All insurance policies aria renewals thereof shall he in tornn aeplably io I ender and shall indude A standard mortgage clause rn fa %or "I
<br />And rn Porrn s:ceptahle to Ltmler I ender shall have the right to hold IIle twits ic, and at Ihcreot, and Borrower shall promptly furnish u
<br />I order all renewal nonce, and all !Metplc i,t paid prcnliurns. In the event "I ins,. Borrower shall gr c prompt nonce eo the Insurance carrier aria
<br />i ender. Lender relay make prtao tit suss r. Rot made promptly r., Bill roller
<br />1..'nkss I cruder and Borrower otherwise agree in writing. Insurance ivr,xccds shalt he applied to restoration or repair of the Propctty
<br />damaged, provided su.h restoration or repair I% economically feasible and the ,c urity of this teed of Trust rs not thereby unpaired. 11 ,uch
<br />restoration or repair is not economlcaiiv feasible or if the security of stir% I)eelf of Trust would he Impaired, the insurance proceeds shall he
<br />applied to the sum+ secured by this Iyeed of Trust. with the excess, it any. paid to Borrower If the Property I% abandoned by Borrower, or it
<br />Borrower fails to respond to I_endet within i0 day% from the date nonce s% endued h% I.cridet !o Borrower that the Insurancet carrier offer, to
<br />settle a alarm for insurance benefits. I ender 1s authurlced io :ollect and vprsk the =so.;,n.t proceeds at I endcr's option either to restoration di;
<br />repair of the Property or to the sums secured by rhi% Deed of I rw.t
<br />t.:r•.kss Lender and Borrower otherwise agree In %ruing, any sucb application i,I pr—eeds c,, principal shelf not extend or po%tpune the due
<br />date if the monthly Installments related no In paragraphs I Arid : hereol „t .tlanr¢r the afrowilt ,11 +uch Installments If under paragraph IK
<br />hereof the Property Iv acquired by lender, all right, title and mtetesi of Barer ni and !o arn Insurance txeheles and in and io the proceeds
<br />thereof tesulttftg from damage to the Property prior to the sale ,ir acquisition shalt pass tie I ender No the extelli let the sums secured by this Deed
<br />of Trust imtnedwilly prior to such ale or acqulsltron
<br />6. Pneatlnittlw good INafa atowt of Property: larowhiRds: ( onbornlairmx; PUaard I Mt 111eselopae111u. Ikerrower %hall keep the
<br />Vrttperiv In gourd repair and ,hall not cometut waste '.1 permit lutparmew : ;feir!o,ration of the lefarperty and shag comply with the plhoisiom
<br />of any irate it this Lked of 7Yusf n or a leauhold it !tit. f kid oil mot " r,it I mo In a ,amdeentmitan .,r a planned unit development, Bcxtowet
<br />ahrll perform all of Bnrrowel,% Obligation, under the de%taratliln ,v, ,- esCoAnrk ereahnS ar goyerlhng the c °ornfomlmum tit planned orut
<br />development. the by -laws and regulations lit the iondoininhim of pianilro time dorioprntm, and con+inuent documents, 11 a condomimtlm .n
<br />piantted tutu development rider rs executed by Borrower and rc:uided 1„trethrt with this Deed it f ru %t, the aovenalus and agreements of ,uch
<br />Aster IWI be Iaeotporated Into and %hail amend and ,uppicmrrll the = ewelsanls aria: agreements %d this lkrd of I rust as it the rider were a part
<br />hereof
<br />7, Proaardorf of I.ea/rf'4, % arNy. It Bilirnwcf lalis ti, perr„rhl the , „scrtasll, and agreements ,:ewmarned in this Ikril of I rte %t, it It ,arts
<br />avftint ese ptaa;eeding I-. ornmenved %hl.h rhaterlally atfft% I ender ,4 t!`fere%! r, she Pfoprtfy, ,ncludmg, hut. not Minted ley. emmtnt domain,
<br />tn%%.ivemv, =cute enforcement, m ariangrmiuts r,r pretite lenses 10%— iylrlg a *Antrupl ,ei decedent, then I ender at Lender', option, upon nol4o:
<br />rib "Wrower, may make %uch aptwararxes. dlihurae %uch iijrn% and take ?i,h Akiton a% i, nec'r%%ary to protect I cnder'h MICICAt. Indliding. hill
<br />ilea tenured to, disttur"ment of remonahle alfornty's fees and entry upa,rt fir Pr„prov ^o snake repair% It Lender 1equittrd Ihorlgaplr /er%nran,C
<br />a% a tiondilietn of making Itte to&" %CLUftd tit this fktd of i rim. Borroara Aali pay °hr pierntum, iequited tit rnallliallt lush imufankir in Weil
<br />. nid %%}tits time an the rCghiffMCnf farf sa%h In%IitankC (etnrnlAIC% tit .tatewdateef writ) Ba,flrt%Cr % and I Cnder'n, writlerl a((teemeirt ,ar Appitca'hi,
<br />4— "Mr, Mill %hall pay the armiurit of all mortgage imuranci prrmmm% Iit the nianner pros i,IM under Pat aatap;i hetcol
<br />emir anf<mnr% dtshuraed by I ender pursuant to Oils paragraph '. wirh mfrfrsl thereoti.:ttalt he%rerne addnlonai Indchlvdnr%% ,et ilenr,+wc,
<br />cured ht this Deed of Trust Unless Borrower and lender agree ro other feren% of payment, ,etch amount %,hail ire parable upon notice stool
<br />I ends# to Bcrrrowir requesting payment theretd, And shall hear Inters,! Ir„m ihr ,.tats r,i J10"n%rmcril At the rate payable troll) time 1.3 lime
<br />%arslar it prtrntpol ""do the *cote uunlesv pavmtrn of Inferesl at ,i1,11 rare —avid he ,morns i <, apph,ahle law, sit wh0i event %iI, h
<br />-sash hear itNerrsl At the highest role ptrmis%ihte under Applitst ue law 'ti„ mmet :.ohlatncd m Ili„ paragialih , shall Iequnr I chdet r,r III, Ili, All,,
<br />cxperr... f" rake ashy reinsert he" "under �
<br />R. ltrrperillm. I truhry mat inake,,r coins ti +tie !tladc reas"Flai le, €nr :,te< I, and ,n,l an,ro+ It rile Property, Irrostiled ittal I e Ac, that! '
<br />'r-f, Wnrasrres notice p+ialr to env wul h ail %pectte,h %ivy Ifv,na rraa.,nahir +u,e �herel ..rialyd a„ I mate, % ,tnrarst ,n ?hr letopert,
<br />4, ( "alademootillilm , the lsf,b.errfa ,ff art), e%erd err :hum f •v :ianvarc« -1:rr vi,etturntlal i ..,!urn 1-11 soh iD, ,on,1rl ll"il
<br />rakni J rite ile'l reef_.. t 11 rhrere,f, m 1 I .,,Ill, , .I"ImA t,, rte' ,',eh, a %.tgter,l A,n1 +Lail I=e a, 9
<br />d f , (� 'van , �,n t � t
<br />lei, >ar [tit ,r a rrwat ?ektrim rrt the 11n,1wrtI, ;rte t•,va €r +i..I!sis t.r at t hr ,i t,t ,,,,e,„ €. urte9 ", 9z= tk'nt I f -n +r, s, tilt
<br />,tsar° Sri, r1,t -rnt .,! a I,artIAi iait I +I ¢1 =r t'r „1,. _ ,. ,sties It.... �. t f sari , ...1r,
<br />. .. ..,a -.. ,ra .. , ,.., !'k'a<f ., Pr u. .,�, h i'.t, a,, +.0 :r.. r.,: r, .., I. o.. ... � .t. .• ,.... ., I:,. ,... .i
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