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<br />applicable law requires such interest to be paid, Lender shall no[ be required to pay Borrower any interest or earnings on the Funds. Lender shall
<br />give to Borrowu, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each
<br />debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of Trust.
<br />if the amoani of [he Funds-held by Lender, together wish the future monthly installments of Funds payable prior to the due dates of [axes,
<br />assessments, insurance premiums and ground rents; shall exceed the amount required to pay said taxes, assessments, insurance premiums and
<br />ground-rrntsas they fall due, such excess shall be, at Borcower's option, either promptly repaid [o Borrowu of credited to Borrowu on monthly
<br />installments of Funds. If the amount of-rho Funds held by Lender shall not be sufficient to pay [axes, assessments, insurance premiums and
<br />ground rents as they fall due, Borrower shalt pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice
<br />is mailed by Lender [o Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured bgthis Deed of Trust, Lender shalt promptly refund to Borrower any Funds held by Lender. If
<br />undo pazagraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply; no later than immediately
<br />prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of application, as a credit against the sums
<br />secured by this Deed of Trust.
<br />3. Applicatlon of Paymenrs. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs 1
<br />and 2 hueof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to intuest
<br />payable on the Note, then to the principal of the Note, and then to interest and principal on any Future Advances.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments and other charges, tines and impositions attribuiable to the Property which
<br />may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the manner provided under paragraph 2 hereof
<br />or, if not paid in such manner, by Borrower making payment, when due, directly to the payee-thueof. Borrower shall promptly furnish to
<br />Lender all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br />famish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this.I)eed of Trust;
<br />provided, that Borrower shall not be required to dischazge any such lien so tong 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 Tien 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 part thueof.
<br />5. Hazard Insnrnnee. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire,
<br />hazards included within the term "extended coverage",and such other hazards as Lender may require and in such amounu and for such periods
<br />tis Lender may require; provided, that Lender shall not require that [he amount of such coverage exceed that amount of coverage required [o 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 premiums on insurance policies shall bt paid in the manner provided under paragraph 2 hereof or, if not
<br />paid in such manner, by Borrower making payment, when due, directly to the insurance carrier.
<br />Ail insurance policies 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 [o hold the policies and renewals [hereof, and Borrower shall promptly furnish to
<br />Lender ati rrntwai notices and all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br />Lender. Lender may make proof of lass if not made promptly by Borrowtr.
<br />Unless Lender and Borrower otherwise agzee in writing, insurance proceeds shall be app6od to restoration or repair of [he Property
<br />damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trust is net thereby impaired. I. "h
<br />restoration or repair is not economically feasible or if the security of this Deed of Trust would be impaued, the insurance proceeds shat be
<br />applied to the sums secured by [his Deed of Trust, with the excess, if any, Daid tv Borrowu. If the Property is abandoned by Borrowu, or if
<br />Borrower tails to respond to Lender wiUtin 30 days from the date notice is mailed by Lender to Borrowu that the insurance carrier offers to
<br />settle a claim for insurance bentfits, Lender is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or
<br />mpair of the Property or to the sums secured by this Deed of Trust.
<br />Unless Lendu and Borrowu otherwise agree in writing, any such application of proceeds to principal shell notextend or postpone [he due
<br />date of the montlUy installments referred to in paragraphs I and 2 hereof or change [he amount of such installments. if under paragraph lg
<br />hveof the Property is acquired by Lendu, all right, title and intuest of Bortowtt in and to any insurance policies and in and [o the proceeds
<br />thereof resulting from damage to the Property prior to the sale or acquisition shall pass to Lendu Lo the extent of the sums secured by this Deed
<br />of Trust immediately Prior to such salt or acquisition.
<br />4. Preservatlon and Maleleaance o[ P-oParU't Lpaehelda{ C-0®d9mldamq PMmed Ode ikveloPmwts• Borrowtr shall keep the
<br />Property in good repair and shall not commit waste or ptFtt»t impairment or deteribratleri of the Property end shall wmply with the Provisions
<br />of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust is on a emit in a condominium or a planed unit development, Borrower
<br />sttaU puform a6 of Borrowu's obligations undo [he declaration or covenants creating or govetnirig the condominium or planed unit
<br />devebpment, the by-laws and regulations of the condominium or ptannad attic devcbpmeat, and consUturnt documenu. If a condominium or
<br />planned unit developmenni ride is executed by Borrowtr and raeordtd together with tbls Dud of Trust, the covenants and agreements of such
<br />rider shall be inwrporated into and shall a[trsnd and at[ppleriteht tl[E cdvenants and agreements of this Deed of Trust as if the rider were a part
<br />hereof.
<br />7. Protection of Leadu's seearlly. If Borrower fails to perform the covenants and agreements conuUatd in this Deed of Trust, or if any
<br />action or procceding is commenced which materially affects Lendu's interest in the Property, including, but not limited to, eminent domain,
<br />igsolyeney, cods enforcemrnt, or arrangements or procaedittgs involving a bankrupt or decadent, then Lender at Lender's option, upon notice
<br />to Borrowu, may make such appearances, disburse such sutn6 and faire such action as is necessary to protect Lender's intuest, including, but
<br />not limited to, disbursement of rtasonabie attertaY`e f!!s and entry upon the Property 6o make repairs. If Lender required mortgage insurance
<br />as a condition of making tlv_ loan sevuFed by this Deed of Trust, Borrower shall pay the Rremiums required to maintain such insurance in effect
<br />until such time as the T_tquircmini for such insurance terminates in accordance with Borrowu's and tondo's written agreement or applicable
<br />law, Boxtnwtr shall pay.the amount of all tttortgage insurance premiums in the manna provided under paragraph 2 hueof.
<br />Any aruounts disbursed by Lender pursuant to thls paragraph 1, with interest Utueon, shall become additional indebtedness of Borrower
<br />secterM by-this Dad tit Trust. Utilns Borrowtr and Leader agree to other terms of payment, such amounts shall be pa oblc upon notice from
<br />Letuiez to Hotrttwer rotiucsting payment thueof, and shall bear interest fmm the date of disbursemrnt at rho rate payable from time to time an
<br />outstanding Frituipal under the Note nnlass: pey7tient Ot intartst at such rate would 6e contrary to appli[~bk law, in which event such amounu
<br />shaft bear' infuest acttho highest rate parmLttlbla uittiee applicable law. Notting contained it[ this paragraph ; shall rtqufrc Lendu [o incur any
<br />expcttse or.iake any action hertundlt,
<br />3, inspection, Lrndtr may make or carat to bo madq reasonable enUies upon and inspections of the Property, Providtct eF[at Lendu strap
<br />give Borrower notice prior to spy such ittspec[ion aptd[yirig reasoaabl!lausc Urgrefnr relaiai to Lendu's ir[ttrtst in the Property.
<br />9, CopdcmnadGq,'Tht.proete[#s of aqy [ward or crates for damages,.dirtct err troasoquen[iat, in conr[xtion with any cv[[dctnnat[vn er
<br />o[hu taking of [ to FrvpcrtY, yr part ihccto7, or for umveyanrt in lieu of condemnatinr[, are hueby assigned and shall tx paid to Lender.
<br />in [tk lyet:: u.` a tote! taking oi'tht Froptr[y. [heprceteds shalt be applied tv the sums secured by [his Iktd of 7`mst, with the excess. if any.
<br />paid ttt~kjitpwrr. 1g [ht tycrtt of a partial taking of the Propor[y, unless Bvtr[>ircr and Lender otltuwist agree in writing. that shad bt applied
<br />xo the sum,! slcu[rs1 by :tsis fkxaf of Trust suCit ptvpvrts on of for tNt~teds as h equal to zhat proptrrtion which the an[uunt of the sums sleazed
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