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85-006422 on the Funds. Lender shall
<br />die law mqusrs suds interest to be paid, Lender shall not x r to pay Borrower any interest w earnings
<br />!>� ro ioerower. adrbanet barge, as amad accounting of the Funds showing Credits and debits to the Funds and the purpose for which each
<br />the Funds was made. The Funds are pledged as additional mcuntY for the stems secured by this Deed of Ttust-
<br />1f the amoam of the wads beld by Leader, togah= witb the future monthly installments of Funds payable prior to the due dates of taxes,
<br />. imaitalicie prepuce and pound arms, shag exceed the amount required to pay said taxes, amessmwts. insurance premiums and
<br />Bostic i eats as tbeY fad dye- tacees sisal be. at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />imtaipints d Funds. if the amomatt of the flaads held by Leader shall not lx sufficient to ply taxes. assessments, insurance the date n lice
<br />S, a as they fail dye, Borrower shag pay to Leader any amount necessary to snake up the defici scar within 30 days from the date notice
<br />a i ailed by Leader to Borrower requesting payamtt thereof.
<br />Up= paymtmt in fed of aB amts secreted by this deed of Trust, lender shall promptly refund to Borrower any Funds held hf' Lender. If
<br />is otherwise acquired by lender, Leader shall apply, nn later than immediately
<br />under paragraph IS bereof the Property is said or the Property
<br />prior to the sale of lbe Property or its acqutit art by Lender. any funds field by Lender at the time of application as a credit against the sums
<br />,meted by this Deed of Trust.
<br />3. Applicudilill # Unless cep pdicabke law provides otherwise, all payments received by Lender under the Note and paragraphs 1
<br />Leader first in payment of —is payable tr Lender by Borrower under paragraph 2 hereof. that to interest
<br />aed 2 hereof Ne apples# oo an Future Advances.
<br />papabk m the l+lora rim to the principal of tine Note. and then to intersst and principal Y mx
<br />,s. CbMWSM ljcm Borrower shall pay all taus, assessments and other charges, fines and impositions attributable to the Property which
<br />may a",in a priority over tins Deed of Trust, and leasehold payments or ground rents, if any, in the manner provided under paragraph 2 hereof
<br />or, if rot paid in such nuu ma, by Borrower making Payment' when due, directly to the payee thereof_ Borrower shaU promptly furnish to
<br />and in the event Borrower shall make payment directly, Borrower shall promptly
<br />Leader � > of amounts else under this paragraph. over this Deed of True;
<br />fastush to fader receipts na
<br />'idcimg such payments. Borrower shall promptly discharge any lien which has priority
<br />provided, that Borrower shall no he required to discharge any such liar 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 />M legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Ballard lawraaee. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against Ins`' v fire,
<br />hazards incitaded within the term "extended coverage,•. and such other hazards as Lender may require and in such amounts and for such p . =rinds
<br />as Lender sw require: provided, that Lender dull not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the sums secured by this Deed of Trust-
<br />The that such approval
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender pr 2 hereof or, if not
<br />shall trot be unreasonably withheld. All premiums on insurance policies shall be paid in the manner provided under paragraph
<br />paid in such manner. by Borrower making payment. when due- directly to the insurance carnet.
<br />std renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage clause in favor of
<br />All it m aocce i furnish to
<br />and in farm aoceprable to Lender. Lender skald have the right to hold the polices and renewals thereof. and Borrower shall promptly
<br />Leader 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. Leader may make proof of loss if not made promptly by Borrower.
<br />Unka Leader and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br />damaged, provided such rstoratiam or repair is economically feasible and the security of this Deed of Trust is not thereby impaired. If such
<br />reaoratiom or repair is not economically feasible of 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 Under within 3o 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 collec t and apply t#c insurance pttxuds
<br />at Lender's option either to restoration or
<br />aepau of the Property or to the sums secured by this Deed of Trust_ the due
<br />Utilecs Leader and Borrower otherwise agree in writing. any Yhch application of proceeds to principal shall not extend or postpone
<br />due of the maothlY inuallmens referral to in paragraphs 1 and 2 hereof or change the amount of such imaallments. If under paragraph 1 B
<br />hereof the Property is acquired by lender, ail right, title and interest of Borrower in and to any insurance poluaes and m and to the proceeds
<br />econd Deed
<br />thereof remising from damage to the Property prior to the sale or acquisition shall pass to Lender to the extent of the stems s by this
<br />of Trust immediately prior to such sale or acquisition. , Borrower shall keep the
<br />6. laaretvad" ad f16ia1eaaaa of rM"!Mv: Leasrfaalda: Coaiawwwats: Tlaaacd Lek Derdalrmeatb.
<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 dawhokd. if this Deed of Trust is on a unit it.. a condominium or a planted unit development, Borrower
<br />shad perform an of Borrower's obligations under the declaration or covenants crating or governing the condominium or planned unit
<br />deveiopseat, the by-laws and'rqulations of the condominium or planned unit development, and constituent documents. if a condominium or
<br />pursued rsah deKiop ahem rider fs executed by Borrower and recorded together with this Deed of Trust, the Covenants and agreements of such
<br />rkW sbali be incorporated into and shall amend and supplement the covenants and agreements of this Decd of Trust as if the rid= were a pan
<br />hereof.
<br />7. ltaMellyy of taaior's SaeatMY. if Borrower fails to perform site covenants and tarx»ratts :otttttttted in this Deed of Trust, or if any
<br />action or proceerLmg is commenced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain,
<br />code enforcement, or arrangements of proceedings involving a bankrupt or decedent. then Leader at Lender's option, upon notice
<br />to Borrower. nM make mcb appearances, disburse such suits and take such action as is necessary to protect Lender's interest, including. but
<br />not limited to, disbuncrom of reasorntisle attorney's feel and entry upon the Property to make repairs. if Lender required mortgage insurance
<br />as a condition of making the loan secured by this Deed of Trust. Borrower shall pray the premiums required to m:intaim such insurance in effect
<br />until slick time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable
<br />law. Borrower shall pay the amount of all mortgage insurance premiums in the mumer provided under paragraph 2 hereof.
<br />Any amoas dkbmsed by !.ender pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />seea and by this Deed of Tenn:. Unless Borrower and Lander agree to other terms of payment. suds amounts shall be payable upon notice from
<br />Leader w Dortower requesting payment thereof, and shall bar interest from the date of disbursement at the rate payable from time to time on
<br />ovistandiag principal :cider the lsote undetA paym=n of intent at such rue would be contrary to applicable law, in which event such amounts
<br />dwjl bass iataete at the bigigept rate peraaipable under applicable law. Nothing contained in this paragraph' shall require lender to incur any
<br />e xpatse enr taste am action henyader .
<br />S. fagaaMm. Linda may make or tause to be made reasonable entries up ors and inspections of the Property. txovided that I ender +hall
<br />give Borrower natiot prior to tiny such inspection specifying t mki abir cause therefor related to Lender's interest in the Property.
<br />t. Crdsarn/ay. The proceeds of any award cn claim for damages. direct err consequential, in connection with any iindemnaiton w
<br />rxbef taiing of the Property. or pat thereof. or for conveyance in situ of condemnation, are hcrehy assigned and shall he paid to Lender .
<br />In fhr event of a loud taking of the Property, the pr<xee& shall he appthed to the sums secured t y this Deed vi Trust. w nh the ever,:%, 4,411N -
<br />paced ux Brxrowee in she event of a patuJ taktrat of that Properio. andess Hearnvwtt and I,rnder mherwiu ag,rcr ;n wrtrany, i here shall t,e appitcd
<br />w the Sirens, tee'ured by JMS l3er® of Trust VU(b j?r!.?pK)Ttign of flit rre.,:Cyjs as ?, equal tr> rhai r+rcrpn•i ±ten wh ;.:t; the .il:rt,unr r,i ihr +um? le;urni
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