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<br />!f Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which are
<br />insured or guaranteed by a Federal or state agency (including Lender if Lender is such an institution). Lender shall apply
<br />the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding
<br />and applying the Funds, analyzing said account or verifying and compiling said assessments and bills, unless Lendee
<br />pays Borrower interesx on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender
<br />may agree in writing at the tune of execution of this Deed of Trust that interest on 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 requited
<br />to pay Borrower any interest or earnings on the Funds. Leader shall give to Borrower, without charge, an annual
<br />aceounting of the FutvJs 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 />If the 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, assessmentr, insurantt premiums and ground rents as they fall due, such excess shall be, at Borrower's option,
<br />either promptly repaid to Borrower or credixed 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 Borrower 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 [he time of application as a credit against the sums secured by this Deed of Trust.
<br />3. Appiintion of Payaoeota. Utiless applicable law provides otherwise, all payments received by Lender under
<br />the Note and paragraphs 1 and 2 hereof shall be applied by Lender firs[ in payment of amounts payable to Lender by
<br />Borrower under pazagraph 2 hereof, then to interest payable on the Note. and then to the principal of the Note.
<br />4. Prbr Mortsages and Deeds of Trott; Charges; Lien. Borrower shall perform all of Borrower's obligations
<br />under any mortgage, deed of trust or other security agreement with 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 chazges, fines and impositions attributable to the Property which may attain a priority over this
<br />Dead of Trust, and leasehold payments or ground rents, if any.
<br />5. Httuatd Imtaraaee. Borrower shall keep the improvements now existing or hereafrer erected on the Property
<br />insured against loss 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 insurance carrier providing the insurance shall be chosen by Borrower subject to 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 shalt have the right to hold the policies and renewals thereof. subject to the terms of any mortgage, deed of trust
<br />or other security agreement with a lien which has priority over this Deed of Trust.
<br />to the twtnt of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender 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 Lender within 30 days from the date
<br />notice is mailed by Lender to Borrower that the insurance Gamer offers to settle a claim for insurance benefits. Lender is
<br />authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the
<br />Property or to the sums secured by this Deed of Trust.
<br />6. Peesenatioa and Maiatenanoe of Property; I.att6olds: Coadominiutmt Planned Unit Derelopmtmts. Bor-
<br />rower shall keep [he Property in good repair and shall not mmmtt waste or permit impairment or deterioration of the
<br />Property and shall rnmply with the provisions of any lease if this Deed of Trust is on a leasehold. if this Deed of Trust is
<br />on a unit io a rnndominium or a planned unit development. Burrower shall perform all of Borrower's obligations under
<br />the declaration or covenants creating or governing the condominium or planned unn development, the by-laws and
<br />regulations of the condominium or planned unit developmen[, and constituent documents.
<br />7, Ptotoetios ~ Leader's Seenrtt7. If Borrower fails to perform the ctenants and agreements contained in this
<br />Deed of Trust. or if any action or proceeding is commenced which materially atlects Lender's interest in the Property.
<br />then Leader, 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. (f Lender required mortgage
<br />insurance as a condition of making the loan secured by this Deed of Trust, Borrower shall pay the premiums required to
<br />maintain such insurantt in effect until such time as the requirement for such insurance terminates in accordance with
<br />Borrower's and Lender's written agreement or applicable law.
<br />Any amounts disbursed by Letidec pursuant to this paragraph ', wrath interest thereon, at the Note rate, shall
<br />become additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agrce to
<br />other terms of payment, such amounts shall be payable upon notice from Lender to Burrower requesting p y~rtent
<br />thereof. Nothing matained in this paragraph' shall require Lender to incur any expense or take am action hereunder.
<br />g. Laepetxiaa. Lender may make or cause to be made reasonable entries upon and inspecnons of the Property.
<br />provided that Lender shall give Borrower notice prior to any such inspection sptrify~ng reasonable cause therefor
<br />related m Lender's iater€st in the Property.
<br />9. Goe~iaesautias. The prtxeeds of any award or claim for damages, direM or consequential, in connection with
<br />any cottdemaation or other taking of the Property, or part thereof, or for conve7ance m lieu of condemnation, are
<br />hereby assigned and shall be paid to Lender. subject to the terms of any mortgage, deed of trust oc other security agree-
<br />ment with a Nett which has priority over this Doti of Trust,
<br />I0. Boetotror Plot Raleaaadt Foebearaaoe By lender Not a Waiver. £xtenston of the time fix payment ur
<br />modification of amortization of tfie sums secured by this Deed of Trust granted by Lender to any successor to interest of
<br />Borsawet shall not opttnce to release. is any meatier, the liability of the original Borrower and Borrower's suttesson in
<br />inioresi, l,eixier shall not be t+eynirod ta mmmeme ptvicee~dings against such suttrssor ur refuse to extend time tix pay-
<br />moat ar Wliatwite tiwdify amortization of the sums secured by this Decd of Trust by reason of am demand made by the
<br />original $ortorvet sad 8vrrow•er's successors in interest. Am~ forbearance by Lender to rxrrctstng any nkht Oar remedy
<br />lnetourtder. orotlierwise afiixded by applicable law, shall not br a waiver of or preclude the r.xrrrtsr ut any such nght ar
<br />rtntedlt.
<br />li. Sooowaen and Anlgut Botatit lolat sad 5evaxai LlabiNt7t Co•si~rcn. 1`he ~uti•enanzs and srtirrrtnrnts
<br />ttcrcia corttattitsi shalt bind, aril the rtghts hereundtt shill enure us. ehr ersprcttvr succrss~ms and assigns »t i.ensirr anti
<br />hover, sub;act to rite provistsms csf paragraph In )terror. All ccr.enants and agreements .>t Ilvrris..rr tilt.tll l±r punt and
<br />sC'retal_ Any ~r xrhaco-signs this Died of Trust. belt Gree nc» c[ccutr she Naarr.,a r to cs~.rgnrsg they t_krd ut fru>t
<br />.u'slq r[x groat aatd R>rlsrC•y :hat i#xarritwar s trtterr-it to zhr #'~,ysertt t„ 1?uu er ~~e, drt the zc-rsns ~=t thrs I>'re;l of -;-rust. ;h) tc
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