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<br />applicable lattdquires 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 end debits to the Funds and the purpose for which each
<br />debit to the Funds was made. The Fonds arc pledged as additional security for the sums secured by this Deed of Trost.
<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 />assessmats, insurance premiums and Sri: ' d rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums and
<br />ground resits as they fall dux, 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 Teats as they fall dtue, 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 is fall of all stems sxured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Lender. If
<br />I rader paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender. Leader 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. Afliliwiea of Peymeafa. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs I
<br />and 2 hereof shag 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 />1. Clis rges; Lives. 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 leasehold 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 evidea:ng such payments. Borrower shall promptly discharge any lien which has priority over this Deed of Trust;
<br />provided, that Borrower "I 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, legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. PAwd Imairaaee. 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 Linda may require; provided, that Leader shall not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the stems secured by this Deed of Truss.
<br />The insurance carrier providing the insurance shall he chosen by Borrower subject to approval by Gender; provided, that such approval
<br />shall not be tmreasombly withheld. All premiums on insurance policies shall be paid in the manner provided under paragraph 2 hereof or, of not
<br />paid in such mama. by Borrower making payment, when due, directly to the insurance carrier.
<br />Ali 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 Lender. 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 />Leader. Lender may make proof of loss if not made promptly by Borrower.
<br />Link" Lender and Borrower otherwise agree in writing, insurance proceeds shall he 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 Deed of Trust would be impaired, the insurance proceeds shall be
<br />applied to the sums 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 Leader to Borrower that the insurance carrier offers to
<br />settle a claim for insurance benefits, Lender is authorized to collet and ap;,;y 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 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 18
<br />hereof the Proptaty 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 repdting from damage to the Property prior to the sale or acquisition shall pass io Lender to the extent of the sums secured by this Deed
<br />of That immediately prior to such sale or acquisition.
<br />f. PruannMfw and !Males tsar of Preperty; LameheUs; Condominiums; Planned Unit Developments. 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 leasehold. 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 planted unit development, and constituent docvnxats. if a condominium or
<br />planned acid development rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such
<br />ride shall be incorporated into and shill amend and supplement the covenants and agreements of tors Deed of Trust as if the rider were a part
<br />hereof.
<br />7. Prelaellea of tAlsder's Security, 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 />"Nolvency, code enforcement, or arrangements or proceedings involving a bankrupt or decedent, then Lender at Lender's option, upon notice
<br />to Borrower, may make such appearances, disburse such sums and take such action as is necessary to protect Lender's interest, including, but
<br />W limited to, adistra ement of reuonaNe attorney's fees and entry upon the Property to snake repairs. If Lender required mortgage insurance
<br />as a condition of making the Wan secured by this Dad of Trust. Borrower shall pay the premiums required to maintain such insurance in effect
<br />[snail each time as the requirement for such insurance terminates in accordance with Borrower's and Lender's wniten agreement or applicable
<br />law. Borrower shall pay the amount of all mo npSe 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 />•awed by this Deed of Trust. Unless Borrower and Lender agree to other terms of payment, such amounts shall be payable upon notice from
<br />Leader to Borrower requesting payment thereof, and shall bear interest from the date of disbursement at the rate payable from time to time on
<br />outstanding principal under the !Vote unless payment of interest at such rate would toe contrary to applicable law, in which event such amounts
<br />shall bear imerest at doer highest rate pernussible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any
<br />expeaw or take any action hereunder.
<br />I. lapedea. Lender may make or cause to be made reasonable entnes upon and inspections of the Property, provided that Lender shall
<br />Vve Burrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's interest in the Property.
<br />0. CaeieraaaYoa. Tht prtxetda of any award or diem tot damages, direct or consequential. in :onnection with anv condemnation or
<br />other taking of the property, or part thereof, err for conveyance to heu of condemnation, are hereby assigned and shall he pard to l ender
<br />In the event of a total taking of the Properryry. the ptcceeds shall be applied to the sums se,;ured by that IsmJ of TIAW. Pith the eMlY1 \. if nn.,
<br />paW io Borrower In tote event of a partial taking of the Property, unless Rot tnwer and I ender ntherw,se agree to writing, there hall I e apphr 4
<br />io the aunt aexured fey thta Dyed of 7tuO such p enw-ri on of the pin ,red, a, i, ectuai To that pt:?Ixutsnn wt-11 the anx+r:nt .,I the .um, s tneu
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