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<br />84-;~u,~p7`~
<br />applicable law requires such interest to be peed, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall
<br />give [o Borrower, without charge, an annual accounting of the Funds showing credits and debits to [he 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 installments of Funds payable prior [o 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 az they fall due, such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrowu on monthly
<br />installments of Funds. If the amount of the Funds held by Lender shall no[ be sufLcient to pay taxes, assessments, itsurance premiums and
<br />ground rents az they fall due, Borrower shall pay to Lender any amount necessary to make up [he deficiency within 30 days from the date notitt
<br />is mailed by Lender to Borrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Lender. If
<br />under paragraph Ig 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 [he Property or its acquisition by Lender, any Funds held by Lender at the time of application az a credit against the soma
<br />secured by this Deed of Trust.
<br />3. Application of Payments. Unless applicable law 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 hutof, thrn 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, fines and impositions attributable to the Property which
<br />may attain a priority over this Ueed of Trust, and leasehold payments or ground rents, if any, in the manner provided under paragraph Z hueof
<br />or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to
<br />Lender all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borcower shag 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 [o discharge any such lien so long az Borrower shall agree in writing [o the payment of -the
<br />obligation secured by such lien in a manner acceptable [o Lender, or shall in good faith contest such lien by, or defend enforcement of such Grn
<br />in, legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part [hueof.
<br />3. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Proputy insured against loss by fire,
<br />hazards included within the term "extended coverage",and such other hazards az Lender may regtdre and in such amounts and for such periods
<br />as Lender may require; provided, that Lender shall not require that [he 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 Borrower subject [o approval by Lender; provided, that such approval
<br />shall nut be unreasonably withheld. All premiums on insurance policies shall be 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 thr insurance carrier.
<br />All 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 to hold the policies and renewals [hereof, and Borrower shall promptly furnish to
<br />Lender alt renewal notices and all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurantt carrier and
<br />Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender 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 economically feasible and the security of this Dad of Trust is not thereby impaired-. If-srre6
<br />restoration or repair is not economically feazible or if the security of this Deed of Tres[ would be impaired, the insurance protteds-shall:be
<br />applied m the sums secured ~by this Deed of Trust. with the excess, if any, paid to Borrower. If the Property is aba~ontm.by Boaower, or if
<br />Borrower fails to respond to Lrnder within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to
<br />settle a claim for insurance benefits, Lendu is authorized to collect and apply the insurance proceeds at Lender's option either to restoration-ot
<br />repair of the Property or to the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agra in writing, any such application of proceeds to principal shall not extend-or postptme-thedue
<br />date of the monthly installments referred [o in paragraphs 1 and 2 hereoi or change the amount of such installmrnts. !f tmdu para~aphag
<br />hereof the Property is acquired by Lender, alt right, title and interest of Borrower in and to any insurance policies and-in and to thaproceeds:
<br />thereof resulting f tom damagr to the Proprrty prior to the salt or acquisition shall pass to Lender to the extent of the sums secwed by this ~~
<br />of "Crust immediately prior to such sale or acquisition.
<br />6. Prettervatioa and Maiofeeaece of Property: Leaseholds; Condornidama; Plowed Udt DeveloNeab. Borrowu atiall-keep ttit
<br />Property in good repair and shalt not cotttmit waste or pumit impairment or deterioration of the Property and shall complywith theproviaiooa
<br />of any tease if this Deed of Trust is on a leasehold. If this Dad of Trust is on a unit to a condominium or a phtrmtxitmi[developmrnt; Borrow¢
<br />shag puform all of Borrower's obligations undo the declaration or covenants tteating or govuning the condominitua or-plannal writ
<br />development, the by-laws and regulations of the condotrdttium or planned unit development, and constiturnt documents. If a condominium m
<br />planned unit development rider is executed by Borrowu and recorded together with this Deed of Trust, the covrnots and agreements: of such
<br />rider shall be incorporated into and shall amend and supplement the covenants and agramrnts of this Deed of Trust u-if the ride were s part
<br />hereof.
<br />~. Proration o[ Lender's Security. If Borrower fails to perform the covenants and agraments contained in this Deed of Trust, or if any
<br />action or proceeding is commenced which mamrially affects Lendu's interest in the Property, including, but not limited [o, eminent domain,
<br />insolvency, code enforcement, or arrangements or proceedings involving a bankrupt or decedent, then Lender at Lender's option, upon notice
<br />to Borrower, may make such appearances, disburse such sums and take such action az is necessary to protect Lendu's interest, including, but
<br />not limited to, disbursement of reasonable attorney s fees and entry upon the Property to make repairs. If Lender required mortgage insurance
<br />az a condition of making [he loan secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such insurance to effect
<br />until such time az the requirement for such insurance terminates in accordance with Borcowu's and Lender's written agrament or applicable
<br />taw. Bortower shall pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hueof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with intuest [hereon, shall become additional indebtedness of Borrower
<br />sauced by this Deed of Trust. Unless Borrower sod Lender agra to other terms of payment, such amounts shall be payable upon notice from
<br />Lender [o Borrower requesting payment thereof, and shall bear interest from the date of disbursement at the rate payable from time to time on
<br />outstanding priucipal undrr the Nnte unless payment of interest at such rate would be contrary to applicable law, in which event such amounts
<br />shall brat imrrest a[ thr highest rate permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any
<br />expensr or take any action hereunder.
<br />g. Inapeetioe. Lendu may makr or cause to be made reasonable entries upon and inspections of the Property, provided that lender shall
<br />give Borrowu notice prior to any such inspation specifying reasonable cause therefor related to Lender's interest in the Property.
<br />9. Coadesntlon. The proceeds of any award or claim for damages, direct or consequemial, in connection with any condemnation or
<br />other taking of the Pmprrty, nr part thereof, or for conveyance in tiro of condemnation, err hereby assigned and shalt be paid to Lendu.
<br />la the event of a rolai taking of the Property, the proceeds shall be applied to the sums sr<:ured by this Ueed of "Crust, with the excess, if any,
<br />paid to Borrowu. In the rvrm ut a partial taking of thr Propetty. untrss Borrowu and Lender otherwise agra in writing, [hut shall tx applied
<br />to [hr stems srttrred Isy thts Decd of Tratst such proportion of tree proceeds as ix equal to that propur_ion which the amount of the soma securrd
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