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84 --t~ u 0 7 37
<br />applicable law requires such interest to be paid, Lrndv shalt not be required to pay Borrower any interest or earnings on the Funds. Leodv shag
<br />give to Borrowv, 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 savred by this Deed of Trust.
<br />If the amount of the Funds hdd by Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes,
<br />assessments, insurance premiums and ground rents, shalt exceed the-amount required to pay said taxes, assessments, insurance premiums and
<br />ground rents as they fall due, such excess shall be, at Borrowv's option, either promptly repaid to Ftorrowv or credited to Borrower on monthly
<br />installments of Funds. If-the amount of the Funds held by Lrndv shall not be sufGdrnt to pay taxes, assessments, insurance pretniuma and
<br />ground rents as they fall due, 8orsowv shall pay to Lendv any amount necessary to make up the deFwdrncy within 30 days from the date ootlce
<br />is malted by Lendv [o Hottowv requesting paymrnt thereof.
<br />Upon payment in ftiB of all sums secured by this Deed of Trust, Lendv shalt promptly refund to Borrower any Funds held by Lender. If
<br />undo pazagraph !8 hveof the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply, no laty than immediately
<br />prior to the sale of the Property ar its acquisition by Lender, any Funds held by Lender at the time of application as a credit against the sums
<br />secured by this Dad of Trust.
<br />3. Appllafbn of Payments. Unless applicable law provides otherwisq all payments received by Lender undo the Note and paragraphs 1
<br />and 2 hereof shall be applied by Lender first in paymrnt of amounts payable to Lemier 6y Borrower under paragraph 2 hveof, thento intvest
<br />payable on the Note, then [o the prindpal of the Note, and then to intvest and principal on any Future Advances.
<br />d. Ckatsn; Liens. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to the Property which
<br />may attain a priority over this Deed of Trust, and [easehald payments or ground terse, if any, in the manner provided undo paragraph 2 hereof
<br />or, if no[ paid in such manner, by Borrower making payment, when due, directly to zhe pays thereof. Borsowv shall promptly furnish to
<br />Linder aft notices of amounts due under this paragraph, and in the event Borrowv shah make payment directly, Borsowv shag promptly
<br />furnish io Lender receipu evidencing such payments. Borrowv shall promptly discharge any lirn which has priority over this Deed of Trust;
<br />provided, that Borrowv shall not be required to discharge any such lien so long as Bortower shall agree in writing to the payment of thr
<br />obligation secured by such lire in a manner acceptabir to Lender, or shall in good faith contest such lien by, or defend enforcement of such lien
<br />in, legal proceedings which operate to prevent the enforcement of the lien or Forfeiture of the Prapeny or any pan thveof.
<br />S. Htuud Imurann. Borrower shalt krcp the improvements now existing or hereafter erected on the Property insured against loss by fire,
<br />hazards included within [he tvm "extended ,:overage", and such other hazards as Linder may require and in such amounts and for such periods
<br />as Lendv may require: provided, that 1_ender shag not require that the amount of such coverage exceed that amount of coverage required to pay
<br />the sums secured by this eked of Trust.
<br />The insurance carriv providing the insurance shall 6e chosen by Borrower subject to approval by Lendv; provided, that such approval
<br />shall no[ be unreasonably withheld All pcemiums on msurance policies shall be paid in the manner provided under paragraph 2 hveof or, if not
<br />paid ir. such manner, by Battower making payment, when due, directly to the msurance carrier.
<br />AB irtsuranec pafieies and renewals thveof shall be m Corm acceptable to Lt[[der and shall include a standard mortgage douse in favor of
<br />and in form at:ecptabk to Lender. Lendv shag mare the r[gnt to hold the policies and renewals thveof, and Borrowv shall promptly furnish to
<br />Lender all renewal notices and all receipts of patd premiums. In the cvem of loss, Borrower shag give prompt notice to the insurance tattier and
<br />Lender. Lendv may make proof of tale if not made promptly by $orrowv.
<br />Unless Linder and Borrower otherwise agra in writing, insurance proceeds shall be applied to restoration or repair of the Properly
<br />damagrd, provided such restoration or repair is economically feasible and the security of this Deed of Trust is not thereby impaired. If such
<br />restoration ox repair is not eeanomicsliy feasible or if the sceurity of this Ihed of Trust would be impaired, [be insurance procads ahaB lx
<br />applied to the stuns secured by this Deed of Trust, with the excess, if any, paid to Borrower. If the Property is abandoned by liorsowv, or if
<br />Borrower faits to respond to Lrndv within 30 days from the date notice is mailed by Lander to Borrower that the insurance rarriv offers to
<br />settle a daim for insurance benefits, Lendv is attthorizsdto collect and apply zhr insurance proceeds at Lrndv's nptinn dthv to restoration or
<br />repair of the Property or to the sums secured by this Deal of Trust.
<br />unless Lrndv eta! Bomuwv othvw#sr agra in writing, any sudt application of proceeds tv prirtdpal shall not extend or postpone the due
<br />date of the monthly installments rct'vred to in paragraphs i and 2 hereof or change the amount of such installmrnts. [f under puagrap6 18
<br />hvaaf the Property u acquired by Lender, all right, title and intvat of Borrower in and to any insurance polides and in and [o the proceeds
<br />thveof resulting from damage tv the Prolxrty prior to the sate or acquisition shag pass to Lendv ro the extent of the sums secured by this Deed
<br />of Trust itnniediatdy prior tv such sale or acquisition.
<br />6. Ptecervatiea cad Maiahrace of Property; -.ereYolds; (;ondonsiaius; Pbaas~ Ualt Devebpaseats. Borrowv shalt keep the
<br />Pcopeny in good repair and shall nn[ commit waste or permit impairment or deterioration of the PropenY and shall Comply with the provisions
<br />of any lease if this Deed of Trust is nn a leasehold. It this Dad of Tntst is on a unit in a condominitun or a planned unit development, Borrowv
<br />shag perform eB of tiorrowa's obligations under the deduction or covenants vesting or governing the cottdotrdnium or platttwd unit
<br />derelogrimb theby-laws amt regulations of the condotttinium or planned unit develupntettt, and eonstitumt daatments. If a Condominium w
<br />planned unit development ruler is executed by Borrowv and recorded [tage[hv with this Dad of Trust, [he covenants and agreements of such
<br />ridsr shag be incnrparated into and shat{ amend and suppiemen[ the covenants and agreemrnts of this iked of Trust as if the ride were ^ pan
<br />hveof.
<br />?. 1'rettct[er of I.eaier't SeeaR-ty. If Borrowv faits to pvform tltc covenants and agratnents rnntalnrd in this Deed of Trust, nr if eery
<br />action or proaaiing is eammrnced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain,
<br />insoivtncY, Cade rnfortxotent, yr arrangements ar procadings involving a bankrupt or decedent, dtrn Lender az Lendv's option, upon trotice
<br />to Borrowv, may make such appearanCta, disburse such seats attd take suds action as is necessary to protect Lrndv's intvest, indudiog, but
<br />rtM limited to. disbursrnteni of reasonable anotitey's fees and entry upon the Fropeny to make repaus. !f Lendv required tttortgage insurance
<br />ass Condition of tnckittg the loan smtred by this Dad of Trust, Bonawv shall pay [he premiums requirai to maimain such insurance in effect
<br />untB.sudt Nttte ~ the regttirernent far such itzsuraim terudnatea in acwrdance with Borrower's and Lender's written agmmrnt or applinble
<br />law. Btxrowv shalt pay the amouat of alt mortgage irzsuratuepcemiums in the manav provided undo paragraph 2 hereof,
<br />Any unaunp silsbursed by Lrndv pursuant to this pantgrap6 ?, with interest Ibereon, shalt become addiaorul indebtedness of Borsowv
<br />aseunad by ibis Dad of Ttt[s[. Unless Borrowv and Lendv agra to other terms of paymem, such amounts shag be payable upon notice from
<br />Lander to Bnrrc,+.v requesting payment thereof, arui stzali bear imvrat from the date of disbursement a the tart payable from Hine to dine on
<br />autNazxting prEza;ipal under ~IlteAlois ttaiess-paymasit sef interest ai such rate would. be CantnrY to apptipble taw, in which event such amounts
<br />tttaB tttar intsrest at [hr tnghci ran pvtidesible undo ttPRGghledaw. Nothing contained in this paragraph ?shall require Leaiv to incur any
<br />mpense or take an v aCt'irm fierrunekr;-
<br />a. laeparYw. 'L,ettdcir may males t+i Cause tv be mule wnsbk entries utxm and inspetYions of the Property, pravitfed that Lander sttaB
<br />yjvc B~xro.v rto[isrpricer'toany-~tuCh.ImppCticm-apecifyitstt~teasonabk Cruse ihvefor rclaurd-to Lrntkr's intvest in itze Properly.
<br />-. ['~,'i'~:praceeds of any award or dafm for dcrosges, diteCt ter cnnsegtten[ial, in cnntmixion with enY condemnation or
<br />snttfr sale lug urf utr. Prabstir['Y. or parts t;twaarf, ru for Cnetyryana~in-liru.of eondemtuttion.; are heretay assigned and shsB be paid to Lendv.
<br />in the eveut:taf atosstC°[aF=SdgoSth~-Property, ri,e-1uoCS.ads sltail trr.applcd era [lea sums s<xwiat by this Dsnd of'rtvst: eith the ez~s, if any.
<br />tat Htk.tt~rrcr, its ttietwcnt of a tiartitd 4air#itg of tArPropettY-; unless~IMSrrnwrs stud Lendv otherwise agar in writing, there shag be applied
<br />t# tteesrartssaad ~Y Nets Ckcd-cifTrc+st t'.c h- prop.:.,rt~m ref tbt prc,COSds as is vttntl to that proporttnn wtdch the amawnt a#` the sums securerf
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