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<br />applicable law requires such interest to be paid, Lender shat) not be required to pay Borrower any interest or eaznings on the Ftmds. Lender shalt
<br />give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the pwpose for which each
<br />debit to the Funds was made.'I'he Funds are pledged as addirional security for the sums secured by this Deed ofTrust. -
<br />if the amount of the Funds held by Lender, mgether with the future momhly installments of Futids payable prior to the due dates of taxes,
<br />assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes, assessments, insurancr.premiwns-and
<br />ground rents as they fall due, such excesx shall 6e, at Borrower's option, either promptly repaid to Borrower or txedited to Brnroweron monthly
<br />' installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance-prmtitmis-and -
<br />t- 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 />f b mailed b lxnder to Borrower re uesti
<br />i`- y q ng payment thereat. - -
<br />Upon payment in full of a8 Burns secured by this Deed of Trust, Lender shall promptly reftmd to Borrower any Funds-held--by lender.-If -
<br />under paragraph 18 hereof the Propeay 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 a[ the time of application as a credit against the sums. -
<br />secured by this I?eed of Trust.
<br />3, Appiiwdon of Payments. Unless applicable taw provides otherwise, all payments received by Lender under the Note and paragraphs-1
<br />and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then-io interest -
<br />paya6le on the Note, then ro the principal nt the Notr, and then to interest and principal on any Fu[we Advances. - -
<br />4. 47tat7;es; Liens_ Borrower shall pay all cartes, assessments and other chazges, fines and impositions attributable to the Property which
<br />may attain a priority over [his Deed of Trust, and leasehold payments or ground rents, if any, in the manner provided under pazagraph 2 hereof
<br />or, if rot paid in such manner, by Borrower making payment, when due, directy to the payee thereof. Borrower shall promptly fttrtdsh.to
<br />Lender all notices of amounts due under this paragraph, and in the event Hwrower shall tanks payment directly, Borrower shall promptly
<br />furnish to lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Deed. of Trust; -
<br />provided, that Borrower shall not be required to discharge any such lien so long as Borrower shall agree in writing to the payment of -the
<br />obligation Brewed by such lien in a manner aeceptahle to Lender, or shad in good faith conies[ stxh lien by, or defend enforcement of such lien
<br />in, legal proceedings which operate to prevent the enforcement of [hr lien or forfeiture of the Property or any part [hereof.
<br />5. Hazard Insurnoct. Borrower shall keep the improvements now existing or hereafter erected on the Property inswed against.loss by fire,
<br />hazards included within the term "extended coverage", and such other hazards as Lender may require and in such amounts and for such periods
<br />as Lender may requite; provided, that Lender shall trot require that the amount of such coverage exceed [ha[ amount of coverage required to pay
<br />the sums secured by this Dted of Trust.
<br />The inswance carrier providing the insurance shall be chosen by 8armwer subject to approcat by Lender; provided, that such approval
<br />shall not be vweasanably withheld. Atl premiums nn insurance policies shelf be paid in the manner provided under pwagraph.2 hereof er, if not
<br />' paid in such manner, by Borrower making payment, when due, directly to the inswance carrier.
<br />A71 insurance palicits and renewals titerrnt shall br in corm acceptable w Lander and shall include a standard mortgage clause in favor of
<br />and in form atreptabie to Ltnder. lender shall have the right to hold the palicics and renewals thereof, and Borrower shall prompdy furnish to
<br />Lender ati renewal notices and iii rraipts of paid premiums. In the event of loss, Harrower shad glut prom-[ notice to the insurance carrier and
<br />Lender. Lendtr may make prop[ of loss if nm made promptly by Horrowrr.
<br />Unless i.ender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br />damaged, provided such restoration or repair is ecaanmicaily feasible and the security of this Dred of Trust is not thereby impaired, If such
<br />restoration or repair is net rcanamically '.risible ar if the security of this Deed of Trust would be impaired, the inswance proceeds shall tx
<br />applied to the sums secwed b}. this Lhed of Trust, with the exctss, t} any, paid to Borrower. 1( the Property is abandoned by Borrower, or if
<br />Borrower faits to respond to Ltnder within 30 days from the date notice is mailed by Lender to Borrower that the inswance carrier offers [o
<br />- settle a claim for insurance hrneCits, t.endrr is authorized m collect and apply the insurance proceeds at Lender's option either to restoration or
<br />repair of the Property ar to ehe stuns secured by this Deeu of Trust.
<br />Unless Lender and Borrower otherwise agree in wriung, any such appliwuon of proceeds to principal shall not extend or pastponethe due
<br />date of the momhly installments rtlerrtd to in paragraphs t and 2 hereof or change the amount of such installments. tf under paragraph 78
<br />hereof the Property is acquired by Lender, all right, title and interest of Borrower in and to any insurance policies and in and to the proceeds
<br />thereof resulting from damage to the Property prior to the sale or acquisition shall pass to Lender to the extent of the sums secured by this Deed
<br />o[ Trust immediately prior to such slue or acquisition.
<br />b. Pneervatioo and Malntrnanrr of Property; I.easeboids; i:andomiolums; Planned Udt Ihveinpmeols. Borrower shalt keep the
<br />Proptrty in gwd repair and shall not commit waste or permit impairmrnt yr deterioration of the Property and sttaB comply with the provisions
<br />of any (rase if this teed of Trwt is an a leasehold. ti this Peed of Trust is on s unit in a condominium w a planed unit development, Borrower
<br />- shall perform all of Borrower's obligations under the declaration or covenants creating or governing the condomitum or planned unit
<br />development, the by-laws and regulations of the condominium or planned unit development, and constituent documents. Ii a rnndominium or
<br />plmtned unit development rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such
<br />rider shat) be iacarpora[ed into and shalt amend and supplement the cavcnanis and agreements of this Drrd of Trust as if the rider wero a part
<br />hereof.
<br />7. Protetlioa of Lender's Serariry. if Borrower fails to perfwm the covetants and agreements tomainrd in this Deed of Trust, or if any
<br />- action yr proceeding is commenced which materially affects Lrndrr's intrust in the Property, including, but not limited to, eminent domain,
<br />iruofvmcy, vudr enfwcemen[, or arrartgrments or proceedings invaiving a bankrupt or dreeden4 [hen Lender a[ Leader's option, upon notice
<br />[o Borrower, may make such appearances, disbwse such sums and take such action as is necessary to proteM Lender's interest, including, but
<br />trot limited m, disbursement of rcasonabic anornry's fees and entry upon the Property to make repairs. tf Lender required mortgage insurance
<br />as a condition of making the hyan sowed by this Dred of Trust, Borrower shalt pay ehe premiums required to maintain such inswance in dfect
<br />- ua[u such time as the tequiremrnt for such inswarce terminates in accardaner with $orrower's and Lender's written agreemem or applicable
<br />taw, Borrower shall pay the an[oum o(atl mortgage insurance premiums is the manner provided under paragraph 2 hereof.
<br />Any atnounu disbws~ by Lendtr pursuam ?v this paragraph ', with interest thtrrnn, shall become additional indebtedness of Borrower
<br />secured 6y this Deed of Ttvst. Unless Borrower and Lrndrr egret to other trans of paymrnt, such amounts shall be payable upon natter from
<br />- L.rntter to Borrower rrgttrsting payment thereof, and shall bear interest from the date of disbwsemrnt a[ the late payable from time to time on
<br />outstaMing principaF utidrr tht Noir unless paymrnt of interest at such rate wautd be sanitary to applicable law, in which event such amounts
<br />stsat7 bear Interest at iht highest rate prrmissiblr under applicable law. Notfiing ttmtainrd in this paragraph 7 shall requite Lender to intxir any
<br />rtrprnse ar-take anY action her<~ttndor.
<br />-><. leaR+srtfaK. Tender may make or cause to be made trasana6le entries upon and inspections oC the Property, provided that I.,cnder shall
<br />givtllttrrowet' n~r<rt.ict prior ib any such inspection spetifying rta+ottahk i:atase therefor related [o Lrnder's ineertst in the Property.
<br />9, (:andquiptttaa, Thr.ptucrrda at any award sx claim for damages. direct ar cansrc[uential, [i[ cunnectian with any conuemnatian or
<br />artier taking.o# [tie Profatrty, tx pan thrrectf, ae far ctrnveyansx in lieu of ccwtdrmnatian, err htrrby assigteed and shall t+r paid to i..rnder.
<br />In ahr rvtnt ct a total irking of tht Presptrty, the txtrr..rrds aha8 br a7yrrlied ui the sums setvttcd ha this fkrd af7Tcst. with the exctss. if any,
<br />pabd to Bo€nswrr, t» tt[r event cif a partial taking of the P€aperty, uttle~s Barrcrwrr aitd Lender td[htrwisa at[m [n writing. ;.here chat! be applied
<br />~.. s`m' ws'c. ac"crxiel cy tun i,~ai r~` trust Bush prrrt*.4sriicn of rite ptact-rib as ie rgnai tv titer ptopartian w-nts~h tltr antaunf at ttit Bunts secured
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