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<br />If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which ate
<br />insured or guaranteed by a Federal or state agrncy lincluding Lender if Lender is such an institution). Lender shall apply
<br />the Funds to pay said [axes. assessments, insurance premiums and ground rents. Lender may not charge for so holding
<br />and applying [he Funds, analyzing said account or verifying and compiling said assessments and bills, unless Lender
<br />pays Borrower interest on the Funds nerd applicable law permits Lender to make such a charge. Borrower and Lender
<br />may agree in writing at the time of execution of this Deed of Trust that interest ou the Funds shall be paid to Borrower,
<br />and unless such agreement is made or applicable law requires such interest to be paid. Lender shall not be required
<br />to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without chazge, an annual
<br />accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was
<br />made. The Funds are pledged as additional security for the sums secured by this Deed of Trust.
<br />IFthe amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes. assessments, insurance premiums and ground rents, shall exceed the amount required to pay said
<br />taxes. assessments. insurance premiums and ground rents as they fall due, such excess shall be, at Bortower's option,
<br />either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the
<br />Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall
<br />due. Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender
<br />may require.
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Bortower any
<br />Funds held by Lender If under pazagraph 17 hereof the Property is sold or the Property is otherwise acquired by
<br />Lender. Lender shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any
<br />Funds held by Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. Applicatloo of Paymenu. Unless applicable law provides otherwise. all payments received by Lender under
<br />the Note and paragraphs t and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by
<br />Borrower under paragraph 2 hereof, then to interest payable on the Note, and then to the principal of the Note.
<br />4. Prior Mortgges and Deeb of Trost; C6arpr; Llats. Borrower shall perform all of Bortower's obligations
<br />under any mortgage. deed of trust or other security agreement wrath a lien which has priority over this Deed of Trust,
<br />including Borrower's covenants to make payments when due. Borrower shall pay or cause to be paid all taxes,
<br />assessments and other charges, fines and impositions attributable to the Property which may attain a priority over this
<br />lleed of Trust. and leasehold payments or ground rents, if any.
<br />5. Hazard Inaaraetx. Bottower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against foss by fire, hazards included within the term "extended coverage". and such other hazards as Lender
<br />may require and in such amounts and for such periods as Lender may require.
<br />The insurantt carrier providing the insurance shall be chosen by Borrower subject [o approval by Lender, provided,
<br />that such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form
<br />acceptable to Lender and shall include a standard mortgage clause in favor of and in a form acceptable to Lender.
<br />Lender shall have the right to hold the policies and renewals thetof. sublect to the terms of any mortgage. deed of trust
<br />or other security agreement with a lien which has priority over this Drrd of Trust.
<br />In the evtnt of ions. Borrower shall give prompt nonce to the mwrance comer and Lender. Linder may make proof
<br />of loss if not made promptly by Borrower.
<br />If the Property is abandoned by Borrower, or if Borrower fails to respond to tinder wi[hm 30 days from the date
<br />notice is mailed by Lender to Borrower that the insurance earner offers to settle a clatm for insurance benefits. Lender is
<br />authorized to collect and apply the insurance proceeds at Lender's option raker ro restoration or repair of the
<br />Progeny or to the sums secured by this Deed of Trust.
<br />6. Prsenation and Mainteaaace of Property: I.easeitolds: Condominiums; Planned UnH Developments. Bor-
<br />rower shall keep the Property in goad repair and shall not commit waste or permn tmpatrment or deterioration of the
<br />Progeny and shall comply with the provisions of any lease rf rhea Deed of 'feast rs on a leasehold. if this Deed of Trust is
<br />on a amt in a condominium or a planned unit dcvebpmtm. Borrower shall perform ail of Borrower's obligations under
<br />the declaration or covenants cleating or governing the condominium or planned unit des•elopment. the b}'-laws and
<br />regulations of tht condominium or planned unit developmznt, and constituent documents.
<br />T. Protection of LenderY Securig. If $ortower fails to pen'orm the covenants and agreements contained in this
<br />Deed of Trust. or if any action or proceeding is commenced which materially atteas Lender's interest in the Property.
<br />then Lender, at Lender"s option, upon notice to Borrower. may make such appearances. disburse such sums. including
<br />reasonable attorneys' fees, and take such action as is necessary to protect Lender's interest. if Lender required mortgage
<br />insurance as a condition of making tht loan secured by this Deed of Trust, Borrower shall pay the premiums required to
<br />maintain such insurance is effect anti! such time as the requirement for such insurance terminates in accordance with
<br />Borrower's and Leader's written agrcemrnt or applicable law.
<br />Any amounts disbursed by Lender pursuant to this paragraph '. with interest thereon, at the host rate. shall
<br />become additional indebtedness of Borrower secured by this Ured of Trust. l;nlrss Borcower and Gender agree to
<br />ottrcr terms of payment, such amounts shall be payable upon notice from tinder ro Borrower requesnng p }merit
<br />thereof. Nothing rnntained in this paragraph 7 shall require Lender to incur any expense or take any action hereundtr.
<br />~. Inepetlisn. LeMer may make or cause to be made reasonable entries upon and inspections of the Progeny.
<br />provided that Lender shall give Borrower notice prior to any such inspection spec[lging reasonable cause therefor
<br />rtLted Ea Lender's interest in the Property.
<br />9. G4tdamadMa. The proceeds of any award or claim for damages, direct or consequential. in connection with
<br />any condemnation of other taking of [ht Property, or part thereof. ar for c°onveyance m lieu of condemnation, are
<br />hereby assigned and shalt be paid to L.endet. subject to she terms of any mongagt. died of trust ar other security agret-
<br />mtm with a lien whlefr has priority ewer this Deed of Trust.
<br />l8. Barg Not Rsiearedi For6oaraaksr By Lander Not a Wativer. Extension c! the time t'or payment or
<br />mortification of amortization of the sums secured by this Ikcd of 'feast gran[ed by Lender to any successor in interest of
<br />Borra+rtx shall not operate to release, in any manner, the ltahtlity of the ongtnal Borrower and Borrower's successors in
<br />in[er+ett, f.,c[ktetsltaii mrt rte required to sammer[ce proceedings agains[ such successor or refuse [o extend hint for pay-
<br />rneat or atfterrrise mridi#~ amortization of the sums secured by this Decd of 'least h}. reason of an+ demand made by the
<br />ts~t3al Btztxaser and Borrower s sueeessors [n interest. Any forbearance by tinder to exttetsing any right or remedy
<br />herettrrdsr, or otherwise af1'arded by applicable law, seta!) nett ht a watvtr of or prmtude €he t.ctrcise of any such right ar
<br />rtrttedy.
<br />ti. SMea~srora and Attsi;gn Betgsdt Joint and 5etnraf Ltahtt{rye Co-signer. fhr eu~rnancs ,tnJ a~rrrrnrnts
<br />ha+.~ac:i °,`af't`,:f:.:,od tltr; njc.sts :~crtt-snore staff ,rare t~>, the ttspe~.~.vc suecjaz„ a .d ::a~;;[ns =.t t.rr,;;xr .€nd
<br />Borrctrer. tufsgctt to eht provtstcn[s elf paragraph It+ hnrtrtt A!! covenants and agrrtmrm+ c,t B+Ymtwrr shall hr ttttnt anti
<br />atvtral, Anv BBsrPnsarr whotu-stgns €hts treed ail T'ruat. bat doev nett ^_rtcaM ttrx `~.+t. Est v> ~y,.ctt mna rbt*, t.tecd e7t l rust
<br />*ttnly* tit grant and s'4ff vtq th4N Bcxrosctr-s rtttte~f fr==the fr<rtrcrtc to Truatesr ¢:ndex ! he arrmx ~,? th!+ fk•ea4 .•t Cr!rst. +hi tt
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