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<br />If Borsower pays Funds to Lender, [he Funds shall be held in an institution the deposits or accounts of which are
<br />insured or guarantad by a Federal or state agency (including tinder if Lender is such an institution!. Lender shall apply
<br />the Funds to pay said lanes, assessments, insurance premiums and ground rents. Lender may not charge for so holding
<br />and applying the Funds, analyzing said account of verifying and compiling saiQ assessments. and bills, unless L,ettdec
<br />pays Borsower interest on the Fttttds and applicable law permits Lender to make such a charge. Borsower and=Lender
<br />may agree in wriCtng at the time of execution of this Dtxd of Trust that interest on the Funds shall be paid to Borrower;
<br />and unless such agreement is made or applicable lsw requites such interest to be paid. Leader shag not be requited
<br />to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without ¢hargc, an attnttat=
<br />accounting of the Funds shaving credits and debits to the Funds and the purpose for which each debit to tlj~ Rinds was
<br />made. The Funds are piedgod az additional security for the sums sauced by this Dad of Trust.
<br />If the amount of the Funds held by bender, together with the future monthly installments of Funds payable prior to
<br />the due dates of lanes, assessments, insurance premiums and ground rents, shalt excad the amount reituited to.paysaid
<br />taxes, assessments, ituurance premiums and ground rents az they fall due. such excess shat) be, at Borrower's option;
<br />either promptly repaid to Borroweror credited to Borrower on monthly installments of Funds. If the amount of-the
<br />Funds hNd by bender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as-they fail
<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 seared by this Deed of Trust, Lender shall promptly refund to Borrower any
<br />Funds held by Lender. It under paragraph 17 hereof the Property is sold or the Property is otherwise-acquired by
<br />Leader, 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 az the time of application as a credit against the sums secured by this L)eed of Trust.
<br />3. Applkatlon of Paymenrs. Unless applicable law provedes otherwise, all payments received by Lender under
<br />the Note and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by
<br />8arsowtr under paragraph 2 hercof, then to interest payable an the Note. and then to the principal of the Note.
<br />3. Prbr Martpges and t)etda of Trot; Charges: Llens. Borrower shall perform all of Borrower's obligations
<br />under any mortgage. dad of trust or other security agreement with a lien which has priority over this Deed of Trost,
<br />including Borrower's covenants to make payments wfien due. Borsower shall pay or cause to be paid all taxes,
<br />assessments attd other charges, tines amt impositions attributable to the Property which may sttain a priority over this
<br />Deed of Trust. and ItasehoW payments or ground rents, if any.
<br />5. Heard taamaee. Sorsower shall keep the improvements now existing ar hereafter elected on the Property
<br />insured against toss by fin, hazards included within the term "extended coverage", and such other hazards az Lender
<br />tray tequi:e and in stub amounts and for such periods as Lander may require.
<br />T1te i^~_.~a.*~! ~.,;.. p.~",v;ding the insurance Jtall M rhaxen icy Rormwer subject to anoroval by Lender: provided.
<br />that such approrai shalt oat be unreasonably withheld. Alt insurance policies anG renewals thereof zhall be in a form
<br />ampxabte to Lender and shall include a standard mortgage clause in favor of and in a farm acceptable to Lender.
<br />Lrttder shall bare the right to hold the policies sod renewals thettof, subject to the terms of ant• mortgage, deed of trust
<br />or other security agreement with a lien which has priority aver this Deed of Trust.
<br />to the event of lass. Borrower shall give prompt native to the insurance carrier and Lender. Lender may make p.aof
<br />of loss if not made promptly by Borrower.
<br />If the Property is abatMoned by Borrower. or if Bvrrawrr fails to respond to Lender within 3~ days tram the date
<br />notice is mailed by Il~er to Borrower that the insurance carrier abets to settle a claim far insurance benrtits. Lender is
<br />authorized to ~ro[-ect and apply the insurance praecds at Lender's option either ro restoration or repair of the
<br />Property or to the sums secured by this Deed of Trust.
<br />6, i?rasarvatisa and Maistasanee of Property[ Leaseholds: Coodotniniutm; Planned Unit Developments. Bor-
<br />rower shall keep [he Property in gaud repair and shall not commit waxte ar permit impaumem or deterioration of the
<br />Prapertp and she!! comply wtih the provisions of any lease if this Deed of Trust is on a leasehold. If this ©eed of Trust iz
<br />an a unit is a condominium or a planned unit development. Borrower shall perform all of Borrower's obligations under
<br />the declaration or rnvrnaats creating ar governing the condominium ar planned unit development, the by-lam and
<br />regulations othee condominium ar planned unit development, and constituent documents.
<br />7. Protactb~ of Candor"s Security. !f Borsower fails to perform the covenants and agreements contained in this
<br />Decd of Trust, of if any action ar proceeding is rommenced which matenaity affects L,endrr`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, attd take such action as is necessaryy to protect Lender's interest. It' Lender required mortgage
<br />insurance az a condition of making the loan secured by this I)eeti of Trust. Barsawer shall pay the premiums required to
<br />maintain such inswance in effect until such time as xhe requirement for such insurance terminates in accordance with
<br />Borrower'z attd Lender's written agreetneat ar applicable law.
<br />Any amounts disbursed by Lender pursuant to thin paragraph ', with interest thereon. at the Note rate. shall
<br />become additional indebtedness of Borrower secura3 by this Lked of Trust. UnEess Borrower and Linder agree to
<br />other terms of payment, such amounts shall be payable upon notice from Lender to Borrower requesting p ymem
<br />thereof. Nothing contained in this paragraph 7 zhall require Lender to incur any expense ar cake any action hereunder.
<br />8. . Letuier may make ar cause to be made reawnable entries upon and inspections of the Property.
<br />provided that t.endcr shat! give Borrower notice prior to any sack inspection specihing reasonable cause therefor
<br />reiaued to Lender'ssnterest in the Property.
<br />4. CssdasaatMa. The proceeds of any award or claim for damages. direct ar consequential. in connection with
<br />any. catsdemruxion ar othu taking of the Property, or pan thereat, or for conveyance in lieu of condemnation. are
<br />hereby assigned and shall be paid to Ixnder, subject to the terms of any mortgage, deed of crust or other srcurtty agree-
<br />ment with a lien which hat priority over this Detd of Trust.
<br />Lei. Basxarsar Nat Reieasod: Farbsaraaes 8y [.ender Not a Waiver. Extrnsiaa of the time far payment or
<br />modi#'xatitm otamortizatian ottee sums secured by this heed of Trust granted by Lxndrr to any sumessar to interest af'
<br />Borrower shal3 not operste to release, in any manner, the liability of the original Borrower and florsawer's succrzsars in
<br />iutattxt_ l.endarshatl trot be requiret3 m commence proceedings against such suctressox or refuse t+x estend time for pay-
<br />xtwttkm•otltearwise madity amortization of [ter sums secured by thts !?red afTrust by reason tif'any demand made lay the
<br />~tl B~wwcr ,wale! i$atrosrtt's xuttirs_in intrtz^it. Any furbcarance by !.ender itt axrrciting any rtght ar remedy
<br />h~attaaser, ~ okhcrwise at'fotdM by applicable law. shall nut be a wairrr o+ ar preclude the rxrrcesr ",f ant ouch rtght ar
<br />tatnndy.
<br />I~. ~d sad A guwwd: I~pt rmt# Seysrsl L,-shitity: C.o-semen, Tay :vttennats att.} af;reera~nts
<br />ttetrc4n t'~(ttatzi~shall fund, atad the ri~isxs hareurutrr .hall rsture ter, the rr~spectivr suce.~=sa+e:~ and asatEns."t I_endrr and
<br />;3urtowcr. tuhjest to ttt1E prvrutWaes csf parat;rapit 1 RF !tercet Aii t<t.~flarrty end xgrr,ancnts at t?sxrouc~e .halt irv r""nt ;znd
<br />xs'~'GrYtl. Any tr+~4r wbo ca-s~u~aas th[t I.~er9 of Trust but d€;es our ex€cutc the N~+ic (,tt is : n-stgninq t.eea L1rv,Y1 cif Trust
<br /><mly tsr ~an~t axu't bxir~r tn~ Bs~xc"wt~ s tntrreat to the Ptolrcra> ,o i r"a~,"ax ;=n .ar t6+e ~xars ~r ;~+M 4~rai vi inn[-<A; rx
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