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<br />apphwble law requires such interest to be paid, Linder shall not be required to pay Borrower any interest or earnings on the Funds. Lettdtt shag
<br />give to Borrower, 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 amount of the Funds held by Lender, together with the future monthly installmrnts of Funds 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, insuraoa pre[nittma and
<br />ground rents as they fall due, sucA extxss shalt be, at Borrower's option, either promptly repaid"to Borrower or credited to Borrower oo monthly
<br />installments of Funds, If the amount oP the Funds Add by Lender shall not be sufficient to pay taxes, assessments, insuratax premiums-and
<br />ground ants as they fail due, Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days fromthe date tttsria
<br />is mailed by Lender is Borrower requesting payment ±herecf.
<br />Upon payment in full of at! sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any Funds held~hy-Lender. If
<br />under paragraph 18 hereof the Prnpery' is sold err the Property is otherwise acquired by Ltnder, Lender shall apply, no later tAan.immgdialdg
<br />prior to the sale of tAe Property m its acquisition try Lender, any Funds held by Ltnder ai the time of application as a credit against thes[una
<br />secured by this Deed of Trust.
<br />3. AppNcatlaa of Paymtau. Unless apptitabtz taw provides otherwise, all payments received by Lender under the Note and paragraphs }
<br />and 2 hereof shall be applied by Lrnder fire in payment of amounts payable to Lrnder by Borrower under paragraph 2 htttof; thm.to inttxest
<br />payable an the Note, thin to tht pnncipal of the tio[t, and [hen to interest and principal on any Future Advant:es.
<br />d. C.Aarges: Lktu. Borrower st:aG pay al! taxes, assessments and other charges, fines and impositions attributable to the Property which
<br />may attain a priority aver this Decd of Trust, and leasehold payments or ground rents, if any, in [he manner provided tender paragraph 2 hereof
<br />or, rf not paid in such tnanner, Ay Borrower making payment, wfien due, directly to the payee thereof. Borrower shall promptly fl[rtaiah to
<br />Lrnder alt ratces of amounts due under this paragraph, and in rhr event Borrower shall make paymtn[ directly, Aorrower sha8 promptly
<br />fwnish to lender rectiprs evidencing such payments. Borrower shalt promptly discharge any lien which Aas priority over this Deed of Trust;
<br />pravidtd, that Borrower shat: not tx required to discharge any such lien sa bng as Borrower shall agree in writing W the payment of the
<br />obligation secured by such hen m a manner acctptatsle to Lender, err shalt in good faith contest such lien by, or defend enforttmen[ of such lien
<br />in, raga{ proceedings which aperatr to prevent [hr entarcement of the hen or forfeiture of rhr Property or any part thereof.
<br />5. Hasar6 (ttsuraace. Lktrrower shalt keep the unprovtments now rxisnng or hereafter erected on the Property insured against loss by fire,
<br />hazards inducted within the term "extended coverage", and such other hazards as Lender may require and in such amounts and for such periods
<br />as Lcndcr may rzqutre; provtdad, that isnder shalt nn: rryurrr that the arnaunt of such Coverage exceed [hat amount of Coverage required [O pay
<br />the sums secured b+' thts Dtrd of Dust.
<br />TAe insurarttr earner proiidmg the irswanee shall k*r chasm bx Harruwer subject to approval Uy Lender; provided, that such approval
<br />shall not be unreasonably wuhheid. AI. prrrniums o^ it?svrancr pahctrs shall rte paid m the manner provided under paragraph 2 hereof or, if not
<br />paid ut such manner, by Harrower makrng paymrr•.t, when due, dtreRty to rtes insurance earner.
<br />alt insurance pohcx~s sad crrrwais thrrrrrt shall ter to t.vrn acceptahtc to Lrnder and shall include a standard mortgage douse in favor of
<br />and :n farm acctptaotr to Lrnder !ender chair have the nttnt to hstd the puhcies and renewals thtreaf, and Borrower shall promptly furnish to
<br />Lender ail renewal naucts anti ;[ii receipts at paid prennuttis. f n ihr event ut loss, Sorrawrr shall give prompt notice [o the insurance carrier and
<br />Lender. Lender may rttakc prcwt of tusx tr nut made promptly Fry Borrower.
<br />Utiless Lender and Banawrr atharwtst egret .n writing, :nnuranre proceeds shalt be appAtd to restoration or repair of the Property
<br />damaged, pravtdtd state rrstarauon err repair n ea>aorzuCaHy t:asiblr and ihr serunty at this Deed of Ttvst is not [hereby impaired. !f such
<br />rtswrauan or repair is nc?t rcunatnnafiy Ycastbir ++r tf ihr srcunty of ihrs i?eai of Tn:st would br impaired, the insurance proceeds shall bt
<br />applied to ihr sums snared by the i?r_sl crE Trust, w?th ihr rxccss. [t any, paid to Borrower. It the Property is abandoned by Bonowtt, or if
<br />Borrower fails to rrspand to l.tnda within 30 days tram the dart nauct t.+ maslc~st by Lrnder to .Harrower that [he insurance Carrier offers to
<br />settle a clauu for insurance benet7ts, Lrnder r, autlxon:sxi to collet and apply the irtsurana proceeds at Lender's option either to restoration or
<br />repair a! the Property or to the scans set'ured by ttus lsecd of "Crust.
<br />Unless Lender and Borrower othrrwrsr agar to writing, any such apphtation of prateeds to pnncipal shall not extend or poslpane the due
<br />date of the mam4ly instattmatts referred to :r± paragraphs 1 and Z Aermi err change the amount of such installments. !f undtt paragraph lg
<br />hereof ]fie Property a atyuirrd try Lrnder, alt nght, title and interest. of Harrower in and to any insurance policies and in and to the proceeds
<br />thttenf resuhing frmn datnagc to ihr Praprny prior to the sale or acquisition steal{ pass w Ltnder to the extent of the sums secured by this Deed
<br />of Ttvs[ imtnediatdy prier to sucA sale err aCqutsnian.
<br />6. Pttaervattaa sad Mttlatraaoee ut Praperry; Leawtaofds; Goadomiafums; Pinned Udt Develop~eaY. Honower shall keels the
<br />Property 1n goad repasr and shad oat enmmtt waste err permit impairmznt err deteriaradon of the Property aced shall comply with the provisions
<br />of any tease if dtu l'krd of Trust is on a Icaschotd. If [his Decd of Trust is ai a unu in a condominium or a planned attic development, Borrower
<br />shall pa-farm aEI of Borrower's obligauons under the declaration or covenants creating err governing the candontinium or planned unit
<br />development, ihr Ay-laws and regukaaons of the Cnrulontirtium err planned unit development, and Consdtuenl documents. If a condominium or
<br />planned unit devebpnxm rider is rxacutrxl try Harrower and recorded together with this Died of Trust, ihr covenants and agreements of such
<br />rider shall be incnrporatrd into and shall intend and supplement ihr covenants and agreemrnts of this lleed of Trust as if the rider were a part
<br />Attraf.
<br />7. Prouetioa of Leadv's security. !f ftarrowrr fails to perform the covenants and agreements contained in this Decd of Trust, or if arty
<br />anion w proceeding rs ccrmmentzd whicA nraterialh• affects Lender's intrrtst to the Property, including, but not limited to, eeninrnt domain,
<br />iasoiv°eny, rode tnfarcetnrnt, r,r arrangements ur pro,'•eedings ~nvaiving a bankrupt err decedent, then Lender at Lendrr's option, upon nods
<br />to Borrower, map make such apprat~am-rs, disburse suite sums and take such action as is necessary to protect Lrnder's interest, including, but
<br />not limited w, distztirsrnseot ai reasonabt< anarncy's rtes amt entry upon ihr Property to make repairs. if Lender rrquircd mortgage insurance
<br />as a mtitBtion of making ihr loan secured by this Lzetd of Trust, Harrower shall pay the premiums rrquirtd to maintain such insurance in effect
<br />unto sucA tithe as the rrquirrntzat tar such uxsuranee termizatrs in axordanta with Borrower's and Lender's wriuen agreement or applinblc
<br />law. Sotrvwtr sAalt pay ihr anwtutt of ai3 mortgage iasuranta premiums in the manner provided under paragraph 2 hereof.
<br />Any antottnis disbursed by Lrnder pursuant to this paragraph',, with interest eherean, shall bea~mt additional indebtedness of Borrawcr
<br />se..utrd by this Dredsf Trust. Unless 9orrawcr amt Leader agree to other terms of payment, such amounts shalt be payable upon notice from
<br />L€uder to Borrawcr tayutsting paymezu thtxeof, and sAall bear uxetrst tram the data at' disbursement at ihr race payable from time w time on
<br />otttstattdiag prititztrat under ihr Note unless payrmnt of interest at such rate would be contrary to applicahk law, in whfch event such amounts
<br />shall bau intsrat at zAr hittizest rate prirttissibk under appiieab}e taw. Nothing Cazttainttf in this paragraph 7 shat] require Lender to incur any
<br />expdtse of take any action ttertuttdcr.
<br />g, frts}aclfaa. Ltnder rttay snake err Cause to be made era ottahle rntrixs upon and ins{x~tions of ihr Prapcrty, pravidcd that Ltnder shall
<br />give #ctrro+vrr ttotitr prise fa arty suet] Snsprctlan spaifying rrasunable eausa tArtefar related to Lender's interest in the Property.
<br />9, CYnldttraration. Tor proceeds ai arty award err claim tar dantages, direct err cortsrqurnuai, in catuttcuon with nny eondrmnauon err
<br />aNlirr Wk3ng-af ihr Prstprrty, cv twsrt tttttrvf, as far xnveyantr m t#tu ai condrrnnatic~n, err hereby assigned and shaft be paid to lrridrr.
<br />in ttty event ttf a etaatt zafrizul. ai stir Praprrty, ihr pra:t+t<i#a sha#1 br applied rc ihr sums steered Ay tits I3rtrt of Tntst, write the exct,-cs, if any.
<br />tad tit B[psrawty. to ihr e;~cau rr€ a psrtaal baking at ttty Ptty{ttttY, untews HnrFStwrs and L.etidar utAeswixt street in canting, there><Aait be apptiad
<br />to ttx ssrrras s€c"szrc,:t lYr rhtx L'sas~ rrt "fe-rtsa cereh prcpankrn of she prn.::rrds ere t-s retest to flint pru<ranton ss-htefi the atetount of the sums ststitrrd
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