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<br />applicable law requires such intses[ to be paid, Lender shall no[ be required to pay Borrows any interest or earnings on the Furtda. Linder shall
<br />give to Borrower, without charge, an annual aaounting 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 u additional security for the sums secured by this Deed of Truest.
<br />If the amotmt of the Funds held by Lendn, together with the future monthly insnlhnen[s of Funds payable prior [o the due da[n of taxes,
<br />assessments, insurartce premiums and ground rents, shall exeted the amount required to pay said taxes, assesammts, imtu'ance pnemittma and
<br />ground rents as they fall due, such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrows on monthly
<br />installments of Funds. If the amount of the Funds held by Lends shall not be sufficient to pay taxes, tssessments, imurana premiums and
<br />grormd rents as they fail due, Borrower shat} pay to Lender any amount necessary to make up the deficiency within 30 days from the date rtotia
<br />Is maikd by Linder to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borcows any Funds held lry'Lender. If
<br />under paragraph 18 hueof the Property is sold or the Property is otherwise acquired by Lends, Lends shall apply, no lets than immediuely
<br />prior to [he sale of the Property or its acquisition 6y Lender, any Funds held by Lender at the time of application as a credit agaimt the soma
<br />secured by this Deed of Trust.
<br />3. AppBcadoa of Paymeets. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs 1
<br />and 2 hsmf shall be applied by Lender first in payment eC amounts payable [o Lender by Borrower under paragraph 2 hsmf, thin to interest
<br />payable on the Note, thin to the principal of the No[e, and then to inmrest and principal on any Futtue Advances.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments and other charges, 5nes and impositions attribuwble to the Property which
<br />tray attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the moons provided undo paragraph 2 hereof
<br />or, if not paid in such manner, by Borrower making payment, when due, directly [o the payee thermf. Borrows shag promptly ftuttish to
<br />Lends all notices of amoums due under this paragraph, and in the event Borrower shall make payment directly, Borrows shall promptly
<br />furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over [his Deed of Trust;
<br />provided, [hat Borrower shall not be required to discharge any such lien so long as Borrower shall agree in writing [o the payment of the
<br />obligation secured by such lien in a manner acceptable to Lender, or shall in good faith contest such lien by, or defend enfomment of such Gen
<br />in, legal proceedings which operate to prevem the enforcement of the lien or forfeiture of the Proputy or any part thereof.
<br />S. Naaard tmnnnce. Borrower shall keep the Improvements now existing or hereafter erected on the Property insu[ed against loss by fire,
<br />hazards included within the term "extended coverage", and such other hazards as Lender may require and in stub amounts and for such periods
<br />as Lender may require; provided, that Lender shall not require [hat the amount of such coverage exceed that amount of coverage required to pay
<br />the sums secured by this Deed of Trust.
<br />The insurance carrier providing the insurance shall be chosen by Harrower subject to approval by Lends; provided, [hat such approval
<br />shall not be unreasonably withheld. All premiums on insurance polities shall be paid in the manner provided under paragraph 2 hsmf or, if not
<br />paid in such manner, by Borrower making payment, when due, directly to the insurance carrier.
<br />Ali insurance palic~es and renewals thereof shall be in farm acceptable to Lender and shall include a standard mortgage clause in favor of
<br />avd in form aa'tptahie ro Lender. Lender shall have the nght to hold [he policies and renewals thseof, and Borrower shall promptly furnish to
<br />Lender all renewal notices and ate receipts of paid premiums. [n [he went of loss, Borrower shall give prompt notice to the insurance carris and
<br />Linder. Lender may make proof of loss if not. made promptly by Borrower.
<br />Unless Lends and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Ptopsty
<br />damaged, provided such restoration or repair is economically tensible and the security of this Deed of Trust is not thseby impaired. If such
<br />restoration or repair is not economicatiy feasible or if the security of this fixed of Trust would be impaired, the insurance proceeds shall be
<br />applied to the sums secured by this Dted of Trust, with the excess, if any, paid to Borrows. If the Property is abandoned by Borrows, or if
<br />Borrower fails to respond w Lender within 30 days from the dale notice is mailed by Lertder to Borrower that the insurance carrier offers to
<br />sertle a claim for insurantx benefits, Lender is authorized to cat}ect and apply the insurance proceeds at Ltnder's option eiths to restoration or
<br />repair of the Propsty or to the sums ser:tued by this Deed of Trust.
<br />Unless Lender and Borrower athuw[st agree in writing, arty such application of protxYds to principal shall not extend or postpone the due
<br />date of the monthly installments referred to in paragraphs I and 2 bumf ox change the amount of such installments. If under paragraph IB
<br />hseaf the Property is acquired by Lander, 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 [o Lends to the extent of the sums secured by this Deed
<br />of Trust itttmetliuety prior to sucR sales or ecgttisition,
<br />4. Presswtfoa sad Malatenance of ProperlX: 1-aaaeaotds; Condosaininms; Phusned Usdt Develo~enb. Borrower shall keep the
<br />Proptriy in goad repair and shall not commit wane or permit impairment or dserioration of the Property and shall wmply with the proviaiom
<br />of any least if this Deed of Trost is on a leasehold. It'this Dad of Trust is on a unit in a condottrirtium or a plumed tutu development, Borrows
<br />shall psform all of Borrower's obligations under the declaration or covenants creating or governing the condotninittm or plumed unit
<br />devekpment, the by-laws and rtguladons of the condominium or planned unit development, and comtituent docttmenu. If a rnndomittium or
<br />pirmoed unit tkvelopmtnt rider is executed by Borrows ate recorded together with this Deed of Trttst, the covmanW and agraments of such
<br />rids shag be incorporated into and shat! amend and supplement the covenants a~ agraments of this Deed of Trust as if the rids wse a part
<br />hsmf.
<br />T, Prolettioa of Lender's Setwrity. [f Borrower faits [a perform the covenants and agrammts contained in this Deed of Trust, or if any
<br />action or pracading is commenced which materially affecu Lender's interest In the Propttty, including, but not limited to, eminent dotttain,
<br />insolvency, Cade mforttment, or arrangements or proceedings involving a bankrupt or decedent, [hen Lender at Lender's option, upon notice
<br />to Borrower, may matte such appearatues, disburse such sums and take such action as is necessary to protect Lender's interest, including, but
<br />trot limited to, diabursemmt of reasonabk attorney`s fns and entry upon the Propsty to make repairs.:f Lends rsquired mortgage insurat[ce
<br />as a rendition of making the loan sectutd by this Dad of Trust, Borrows shag pay the premiums required to tttaiatain such insurance in effen
<br />until such time as tltc requirement for such insurance ueminaies in accordanm with Borrower's and Lends's written agreement or applicable
<br />law. Borrower shall pay the amount of alt mortgage insurance premiums in the ittaoner provided under paragraph 2 hsmf.
<br />AriX amoums disbursed by Leader pursuant to this paragraph 7, whir intuest thsmn, shall become additional indebtedness of Borrows
<br />stcuted by tiffs Deed of Trust. Unless Borrows scut Lsnder agra to orbs arms of payment, such amounts shall be payable upon notitx from
<br />l.xnder to Bprrawtr requesting payttirm thsmf, and shalt brae intuest from the dace of disbursement at the raft payablt from time to tune on
<br />aut3tanding priottipal undo iht Nate urtkss payurani of interest at atich rate would be contrary to applicabk law, in which event such amoums
<br />ahMfl 6pr Entsieat iti thohigheat rata permissible under applirablt taw. Nothing contained in this paragraph 7 shall esquire Lends to incur any
<br />tspealte ar take any ac[ian Itstunds.
<br />g. faalsctian• 2.tnder may make or cause is be [rook reasonable entries upon and impactions o[ the Praperey, provided that Lends shall
<br />glut Borrtiara trotter prior fir any such impaction speeilyiag reraonabk cause thstfar related m Lender's interat to the Proputy.
<br />f, ClaMrawtfnn. 'f`ar proattds of any award as claim far damages, dieter or mnasqutnual, in rt}tmeetion with any condemnation ar
<br />albs takltic ai t ht Property, ar twt khttmf, or far earrveyattcc it aeu of condrmaatian, asr irutay assigned and shall bt [raid to Linder.
<br />Yh the ~rnt of 4 recast Gaklrrq-of tat Prapsty, the proceeds shall be applied [a [ht sutras seCUred by tats t7etd of'frust, with the rxr:rss, if any,
<br />pats[ to Btsrnrw~c; In tat tyro[ of a Itartial tattdng ot" tat Pxaparty, unless Btrrraws and Lstdar otatrwiar age's in writing, ihsr shall be appital
<br />to the sums uturtci bt+ aria th[ad of Trask such prsaptutic+tt of tar proecatg as rs rgaa3 to that prapartian which the amount ca!' tar stems ztcureti
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