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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 trade. 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 />r assesannatts, insurance premiums and ground rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums and
<br />r ground rents as they fall due, such excess sW be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />imsta)maenz, of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and
<br />Found rgNS as they fa➢ due, Borrower shall pay to Lender any amount necessary to snake up the deficiency within 30 days from the date notice
<br />is mailed by Lmda to Borrower requesting payment thereof.
<br />Upon pnymau 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 19 htxeof 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. Apffi nliar of payments. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs 1
<br />and 2 beraof 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 />r, Chaste Lim. 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 icasehold 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 notiotx 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 heed 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, kSW proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. flannel lwraooe. 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 Leader 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 tint Iced 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 imams, by Borrower making payment, when due, directly to the insurance carrier.
<br />All insurance polida 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 promptly furnish to
<br />Lerder 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 nuke proof of loss if not made promptly by Borrower.
<br />Unless 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 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 Dcrd of Trust would be impaired, the insurance proceeds shall be
<br />applied to the wens 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 fads 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 benefit, Lender is authorized to collect and apply +`e insurance proceeds at Lender's option either to restoration or
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<br />repair of the Property or to the sums secured by this Dad of Trust.
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due
<br />date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such installments. If under paragraph IS
<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 />thaeof nuking from damage to the Property prior to the sale or acquisition shall pass to Lender to the extent of the sums sacred by this heed
<br />of Trust itmoediudY prior to such sak or acquisition.
<br />f. tnsa�alia� and Rjakwo mmism of Property; Leasel olio; Coadeahfaas: lrlaared Unit f)eMpaewb. Borrower shall keep the
<br />Property in good repair and shall not commit waste or permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any lase if this Deed of Trust is on a Imsehold. If this Deed of Trust is on a unit in a condominium or a planned unit development. Borrower
<br />shall perform all of Borrower's obligations under the declaration or covenants creating or governing the condominium or planned unit
<br />development, the by -laws and regulations of the condominium or planned unit development, and constituent documents. If a condominium or
<br />piumed unit develognmt rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agir,- , is of such
<br />rides A" be incorporated into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a part
<br />hereof.
<br />7, lsolKiiM of Lamder's Soearky. If Borrower fails to perform the covenants and agreements contained in this Deed 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, cork enforcement, or arrangements or proceedings involving a bankrupt or decedent, then Lender at Lerder's option, upon notice
<br />to Borrower, may make such appearances. disburse such sums and take such anion as is necessary to protect Lender's interest, inncluding, but
<br />not fiats W to, disbursement of reasonable attorry's fns and entry upon the Property to make repairs. If Lender required trecingaip insurance
<br />as a condition of malting the loan secured by this Dad of Trust, Borrower shall pay the premiums required to maintain such insurance in effect
<br />until such time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />jaw. Borrows shall pay the amount of all mortgage 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 Deed of Trust . Unless Borrows and Lender agree to other terms of payment, such amounts shall be payable upon notice from
<br />Leander to Bottoms requesting payment thereof, and shall bear interest from the date of disbursement at the rate payable from time to time on
<br />owrAntsn/ principal under the Note unless payment of interest at such rate would be contrary to applicable law, in which event such amounts
<br />shag btar imtatest at the highest rate permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any
<br />L expense or take any action hereunder
<br />g. 1 i 0 -tar, Lender may make or cause to be made reasonable entries upon and inspections o f t he Property, provided that Lender shall
<br />give Borrower route prior to any such inspection specifying cifying reasonabir cause therefor related to Lender's interest in the Ptoperty.
<br />91 Coadarmrsapoo. The proceeds of any award or claim far damages, direct or consequential, in connection with any condemnation of
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<br />Other taktng of tux Property, m pan thereof, on for conveyance in lieu o f condemnation, are herehy assigned and shall he paid to Lender in the event of a total taking of the Property. the proceeds shall he applied to t he •ums enured by t his Deed of Trust, with the excess, it am
<br />;raid to Borrower In the event of a partial taking of the Property, unless Bore-et and Lender otherwise ag.rer :n A ming, ifirie shall he a Thed
<br />u, the auras secured t,y tho Deed rbf frost such pnopottlon of the ptr'a:rcd* al is equal to :hat propi)rom, Ktml, Itir amount .,I the Muni, serwro
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