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<br />applicable law A Woes sucb interest io 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 />dot to the Funds was mule. 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 Loader, tuba with the future monthly installments of Funds payable prior to the due dates of taxes.
<br />asstssearm s, insurance premiums and ground rants, shall exceed the amount required to pay said taxes, assessments, insurance premiums and
<br />ground taus as they fall due, such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />of Raids. 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 fail due, Borrower shall pay to Loader any amount necessary to make up the deficiency within 30 days from the date notice
<br />is nailed by Leader to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Lender. If
<br />amder paragraph It hereof the Property is sold or the Property is otherwise acquired by Lender, Leander shall apply. no later than immediately
<br />prior to the sale of the Property or its acquisition by Lender. am Funds held by Lender at the time of application as a credit against the sutra
<br />secured by this Deed of Trust.
<br />3. ANifeadosm of Pal's. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs 1
<br />and 2 hereof shall be applied by Landes 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 that to interest and principal on any Future Advances.
<br />al. Clorgins; ileac. 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 anv, in the manner provided under paragraph 2 hereof
<br />or, if not paid in such mama, 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 -Snail make payment directly. Borrower shall promptly
<br />furnish to Loader receipts evidenwng 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 lien so long as Borrower shall agree in writing to the payment of the
<br />obligation secured by such fiat 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 pan thereof.
<br />5. Flaorai iansairance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by !ire,
<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 Leander may require; provided, that Lender shall not require that the amount of such coverage exceed that amount of coverage requited to pay
<br />the sums secured by this Deed 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 prerniums on insurance policies shall be paid in the manner provided under paragraph 2 hereof or, if not
<br />pail in such manner, by Borrower snaking payment, when due, directly to the insurance carrier.
<br />insurance poticim 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 />Lander 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. Leader nay make proof of loss if nor made promptly by Borrower.
<br />Unless Leader 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 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 abardoned by Borrower, or it
<br />Borrower falls 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 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 leader and Harrower otherwise agree in writing, arty such application of proceeds to principal shall not extend or postpone the due
<br />due of the monthly mstailments 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 />thereof resulting from damage to the Property prior to the sale or acquisition shall pus to Lender to the extent of the sums secured by this Deed
<br />of Trust inateediatdy prior to such sale or acquisition.
<br />i. lsaawnades ad Mnionmaaoe of Property; 1. nedwHa: Coaao : Tlas aed Units Devdapmeaa. Borrower stall keep the
<br />Property in good repair and shall net commit waste or permut impairment or deterioration of the Property and shall comply with the provisions
<br />of stay lease 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 developosent, Borrower
<br />Anil perform all of Borrower's obligations under the declaration or covenants creating or governing the condommium or plumed unit
<br />development, the by -laws and regulations of the condominium or planned unit development, and constituent documents. If a condominium or
<br />planned unit development rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such
<br />rider sbnll be incorporated into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a parr
<br />hereof.
<br />7. reaaaefaa of 's Secirily. 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 to the Property, including, but not limited to, eminent domain,
<br />insolvency, 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 />net Deed to, disbursement of reasonable attorney's fees and entry upon the Property to make repairs. If Lender required mortgage insuramv
<br />as a condition of malting the loan secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance in effati
<br />veil such time ss the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />law. Borrows shall pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph t, with interest thereon. shall become additional indebtedness of Borrower
<br />aectued by this Deed of Trust. Unless Borrower and lender agree to other terms of payment, such amounts shall he payable upon notice from
<br />tender to Borrower requesting payment thereof, and stall bear interest from the date of disbursement at the rate payable from time to time on
<br />ounraasaaiisag principal tender the Note unless payment of interest at such rate would he contras to applicable law, in which event such amounts
<br />small bear interest at the higbeat rate permissible under applicable law. Nothing contained in this paragraph ? shall require Lender to incur any
<br />eupersse or take any action hereunder.
<br />11. Lgaedw, Lender may make or cause to be made reasonable entries upon and rnspectiorus of the Property, provided that Lender shall
<br />&ve Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's interest in the Property.
<br />1. Coodenaoaloa. The proceeds of any award or claim for damages, direct or cones. quentnal, to connection with any condemnation Of
<br />cnher taking of the Property, Of part thereof, at Sow conveyance to lieu of condemnation, are herebs assigned and shall he paid io I ender
<br />in the event of a total taking of the Property, the proceeds shall he applied to the aims enured h> this lreod of Trust, wtih the rice--, 0 sr,.
<br />f&d it, floor —wer In the event of it paittal taking of the Proper;,, unless Sic ?t,t,rer and I mdei olfimu,.e agrer in .ruatg. °heir ,hall hr Aty+iwd
<br />to the ,rums -wired by ihta heed of Truest such mopwufn(in al the perk -eefk a, t, ra;ua7 to that art +pxi,!tnn u in" h the amount <,t the .use» ,ev,tur,i
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