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85- 005480
<br />applicable law requires such interest to be paid, Lender shall not he required to pay Borrower any interest or earnings on the Funds. Lender shall
<br />give to Borrower, without charatj an annual accounting of the Funds showing :rcdils 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 held 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 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 he sufficient :o 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 Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lcnder shall promptly refund to Borrower any Funds held by Lender. If
<br />under paragraph I I hereof the Properly 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. AppWicadoa of Paymema. Linless applicable law provides otherwise, all payments received by I ceder under the Note and paragraphs I
<br />and 2 hereof shall be applied by I ender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then 10 en!crmt
<br />payable on the Note, then to the principal of the Note, and then to interest and principal on any Future Advances-
<br />4. CYamn: [.lean. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to the Properly wbich
<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 />m, if not paid in such manner, by Borrower making payment, when due, directly to the payee threoL Borrower shall promptly furnish ui
<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 shall not be required to discharge any such hen sit long as Borrower %hail agree in writing to the payment of the
<br />obligation secured by such [let: in a manner acceptable to Lender, or shall in yo< d faith contest such lien by, or defend enforcement of such her,
<br />!n, legal proceedings which operate to prevent the enforcement of the lien or imicitu :c of the Properiv or any part thereof.
<br />S_ HwN lnowsare. Borrower shall keep the improvements now c%lstmy or hereafter crested on she Property insured against loss by tier..
<br />Hazards included within the term "extended:overage'% and such when tiAiatd; a, I ender may tcquire and ir. such amounts and for such pertad}
<br />ass Lcnder may rt+quire; provided, that Lender shall not require that the anioun: ,,! such c. %crane es :eed !hat amount of coverage required :o pa:
<br />he %aims struted by this Deed of Trust.
<br />The insurance carrier pros ld ing the ;insurance shall tic chosen fly liorf,,wer suhJecr to appni%ai ny Lcnder; provided. that such approval
<br />r ail r *t tic unrtascmabiy wilhhcld. All p remlutn% on insurance piiN. ;cs hail he gaud in the manner provided under paragraph 2 hereof or. :t nor
<br />iaid m suc'ti mamter, by Borrower making payment, when due, dirct: ly ter, the insurance <:arricr
<br />insurance polwics and renewals thereof ,hall he in lorm ac, :rpiatile to 1.ender and %.hail an [ude a standard mortgage clause In fa:tsr c,, v
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<br />as ._t n rs %r at acceptable to Lender cnder shall have the tight to hold the pool :jcs and renewais thereof, and Borrower shaft promptly furnish !r
<br />I vn,XT all fenewal notices and all rescr, l% of paid premiums. In The even 0' ter, ; ;. Burr;twer slhaii Klve iirompr nottcc to the m,urancc varricr and
<br />wider Linter may make pfo A N nor made promptly by Fktrrowo
<br />t. :rhlets Lender and Borrower c0crwisc agree in writing, insurance proceeds ,hall the applied It* restoration err repair of rite Properis
<br />damaged. provided shah restoration it repair is economically feasible and the % ecurity of this Deed of fruit is not thereby tmparred. if such
<br />restoration in repair :% mar economical!, feasible or if the security of this ik d of Trust would he smparrcd, the Insuranive proceeds shall to
<br />appiied to the sums secured by this Deed of Trust, with the excess, If any, paid Jo Borrower It the Propeni, ;% abandoned nv Botrower. Tit if
<br />Rorr(swer fads to respond To Lender within 31) days from the date notnc I% masted by I older to Borrower that the insurance carrier of jrr% To
<br />vetrk a alarm for oisurance hcttetils, lender Js Authorized:o <:oliect and apply —it irvurance ; r k:cV is at I ender '% tiption either To re%toratusn o:
<br />!nwf of the PtOPCIlls to to the sums stsured by This feed of I rust
<br />LL'nIcAs I -ender and Borrower rtihetwite agree to writing, Any such apphcatior :.,t prsr,eeds tat princ;pai sfsall not extend or postpone the due
<br />mate of the monthly irotallmen1% referred to in paragraphs i and 2 hcrcot •,r ,hangs r is amount tit sasch installments If under paragraph 1%
<br />tMIV011 the Property is acquired by Lender, all right, title and lntetcsl of lk,frowr sin and to any insurance policies and sn and in the procrcds
<br />Thereof resulting from damage to the Property prior to the sale or acqui%insm shAii pass to I rider ro the exlem tit the sums setured by this teed
<br />r,f "Fruit immediately prior to such sak or Acquisition.
<br />g, PtwreaMoa aM %MhNaate of Propel"; f.eaaek"; ( oodoololuaa; Pt&m d Unit Ilrneio/illieap. Borrower shall keep hhc
<br />t- operty in triad repair aw shall not es.hmmu waste or Iternut unpairni rri ,,r drteriorallon it the Properly And shall comply wnh the ptovrsitm,
<br />,it any Mare of this Deed of [rush v. on a leatsthold it tits deed r,i Trust 1, , :,r. a tarot 1r: a condormnium s,r a planned unit development. Borrower
<br />perform alt of Borrower's obligations under the declaration ,,r ;a,venants creating for governing the condominium or planned urni
<br />jilvilklialift. the "'laws and regulations art the ondonninuin :ir planned ing development, and convtuurlt documents it a cond®mhruum as
<br />t development rider is atecuted by Brritiwr and resorded :t tether with this teed of Trust. the covenants and alliesculmis sot such
<br />meter shall tee ifi.orporated into and shall amend and sappiemenf The cc., %cnants and agreements of this Deed of Trust as if the rider were a part
<br />tVrea>t
<br />1, Prolel'llaaof 1.46"'e!Mrcaeltf. if Norrower 'ails To Fierlotirt -tic loi,criante arid &greemestfv contained in this Deed eat '1 ruse, tit If Ali,
<br />ulkifs fsr praskeedrrtg 1s Winn ienced which rrlaterlali'r affects I rn(leT's n c•c ;: ;f, ;he Pttoperiy, inctuduhg. hat nor hunted To, eminent domairi,
<br />�r )OCMye 10de riftlrvement, or aitangtmerits iii pickeedingv ttv.,ilting a ^ati i.!ulH ,gr detederht, there I. rider at 1 ettdei "s ON 14111, upon ntwh :r
<br />f o lkjtitower, may make such appearances. disburse such Burns and lake such action ass i% necessary 11, ptollftf I ender'« imresi. inducluut. l sal
<br />ntii: timittss to, dhvbursemeflt of reasimahk atlottin's fees &rid entry upon the Properly to make rtpalrs If I rider required mortgayte mmman,r
<br />at a :s KIlt Of making the Tsar, Waled fly this Iked -if Trust, Bear „wct shat[ pay the premiums requited to maintain such insunan,r in rf-n -
<br />,rsaril sa€h tif” as the requirement for sudi Insurartir rcrrrilnatrs ai actordarr.r with lioirrower', and Lendet's written ASIMMent of appil.ar,;-
<br />law IUOr,met stall pay the ameiursr ref all morttage lnsuramve tircrosum% In the manner p rnvtded under paragraph 2 functif
<br />Anr ' rot* ilttatittried by Lcnder pursuant to this raratraph with :mere %i thrron, shall nrl,rmr additional indehtednrss t+J
<br />'Ift"arext Its In" fleet of "irust finless Sm"isef and 1 ender islree ro other term" ,of Payment. such amtniftt shall he payahfe upon nolitr 1-OW
<br />p qtr ifs Fillsfff,ii," re4tietting payment Thetrtrf, and shall hear inteic %I t,nn, Irle dale +,1 4hthnlwirlif. it, it ;fie Talc pavahic ltittnl lltnf It, ferric
<br />iaefs8andths $ forkipaf under the Nore rintely payment enf interest at sir:h rite w ,ii[d he , a,wrary r,, apphaadle law, an whleh rsenn Na, lh aati :,_u ;i
<br />ifialt fiew imtre'rr sr ttte hilt fair petrnI%tthee etnder appilcahie caw !"rrrlhartic ,.c,waifird "I rh1, "Tagraph 1 shall tequue I cndef ^,t, ,ms,r ar,;
<br />tafre Vr nr rake af,M Mtion he3StA"J"
<br />A. l4Nt*". I ender i"i, make ,it :ante 1c, ht ritaite reas.enahie rood, ,;Jb 1 an 6 irlspt t1 <,nv „t "hr a'r„per ±s. N,u ,;tJvd That i aide, •.hi;;
<br />astir Kettwef fitliKe ptwrr fry airy rash In6pRt11n 1 spsrartvina re & % +�tuahir At cT ISr!rl .1 !c1ArrcJ 1„ i endit , mtrte it ill!he P- opert%
<br />o0dre"noo the tit, N. "if U A arr6 Award iir :.tali ! (,.r �f aettapt' is (' t ,i Setj ciftsilal, I° ,i,nlle % }1'm wllfi 'ill% Merit IaDi ii
<br />afsef 4gklfi ?t "ht h' -0,ct}p}ty . ,Y ftfhrl rose e,r " I, err „gltreti'at Oil P, a" %s, P9sfY) Anil vt.Aii 6f. ; A tt
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