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<br />f" Harrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which are
<br />insuredigr gttua>lzeed by a Federal or state agency(inc#uding Lender if [ender is such an institution). Lender shall apply
<br />the Funds to pay°iaid [axes. assessments, insurance premiums and ground rents. Lender may .[nt charge for so holding
<br />and applying the Funds, analyzing said acwunt or verifying and rnmpiling said assessments and bills, unless Lender
<br />pays Borrower interest on the Funds and applcable law permits [xnder to make such a charge. Borrower and Gender
<br />may agree in writing at the time of execution ofthis l~scl of Trust that interest on the Funds shall be paid to Borrower,
<br />and unless such agreement is made ar applicable law requires such interest to be paid. Ixnder shall not be requited
<br />to pay Borrower any iaterest or earnings on the Funds. Lender shall give to Borrower. without charge, an annual
<br />accaunt#ng of the Funds showing credits and debits to the Funds sad the purpose For which each debit to the Etinds was
<br />made. The Funds arc pledged as additioaai uetuity for thesums stcnred by this eked of Trust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates of taxes. assessments. insurance premitnns and ground rents, shall exceed the amount required to pay said
<br />taxes, assessments, insurantt premiums and ground rents as they fall due, such excess shall be, at Borrower's option,
<br />either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. if the amount of the
<br />Funds held by Lender shelf not be sut€'icieat to pay tales, assessments, insurance premiums and ground rents as they fall
<br />due, Borrower shaft pay to Lender any amount necessary to make up the defideney in one or more payments as under
<br />may require,
<br />Upoa payment in full of all sums secured by this Decd of Trust, Lender shall promptly refund to Borrower any
<br />Funds held by Iendtr. tf under paragraph l7 hereof the #'ropem is said ar [he Property is otherwise acquired by
<br />Lander. Lender she€1 sppiy, no Ia[er than immediately prior to the sale of the Propetty er its sequisition by Lender, any
<br />Funds head by Lender at the time of appfieation as a credit against the sums stcurtd by this Died of Trust.
<br />3. Applk~atioa of Paymoa4. Unless applicable law provides otherwise. all payments received by Lender wader
<br />the Nom and paragraphs # atW 2 hen;of shall be applied by Lender first in payment of amounts payable to Lender by
<br />Borrower under paragraph 2 hezeof. then to interest payable an the Note. and then to the principal of the Note.
<br />4. Ptiar Mort;tqs aed Deeb of Trash Charges; Liens. Barrawtr shall perform all of Borrower's obligations
<br />wader say mortgage, decd of tntst or other security agreemem with a lien which has priarin• aver this Deed of Trust,
<br />including Borrower's covtaants to make payments when due- Borrower shalt pay or cause to be gold all taxes.
<br />assessments and other charges, #ines and imptxettions sttnbutahit to the Praptm wn€ch mny atxain a priority aver this
<br />Iked of Trust, and Itastho#d payments or ground rents. if any.
<br />5. Haaard lastwte. Borrower shall keep the improvements now existing ar herea#ter erected an the Property
<br />insured agaiatt toss by tire, hazards included wuhin the term "es~[ended can~eragt", and such other hazards as lender
<br />may require and in such amounts and far such petteds as lender may rtqutre.
<br />The insurance earner pravtdtng the insurance shalt bt chosen by Btrrrtrwtr subject to npprovai bl. Lender: provided,
<br />thst sacs approval shai3 not bt unrcasanably wrt#:held. All insurance pahezes and renewals thereo! shall be in a farm
<br />aeceptatrft to Lender and shall include a standard mortgage <laust [n [aver o€ azad in a tourm at:ceptahle to Lender.
<br />[.ender she#1 have the right to feald the p<,lietes and renewals thtrtaf, subject to the terms of any mattgagt, deed of trust
<br />ar saber security agrttmartt waft a lien which has priority over this L)eed at Trust.
<br />in ttte trent of lass. larrower shall girt prompt natz€:e to tint insurance earner and Ltndet, Lender may make proof
<br />of loss if not made prtuttpiiy by Harrower.
<br />if the Property is abandoned by Borrower. ar t#` Banawtr fails ro respond to ).ender within 3(3 days from the date
<br />nonce is mailed by Lender to Bornswer that t#tc insurance carr€cr afftss to settle a Maim #ar insurance gene#its. L.tnder is
<br />auzltattrxd to <-alltct attd apple the snsurance prat-rids a€ l,endtt's aptitm tither to reszarattan ar repair of the
<br />Praptrty or to the sums sert;red by this L3tcxt of Tnzst.
<br />6. Pnoortatioa sad Ma4tsaare of 1>rvpertst #1dat Coadomlatntmc Pinned Gnit Deve#apmeets. Bar-
<br />rower snal# keep tree Property to gsaad repair and steal) oat ~=aznmit waste ar petmn impairment ar dattnoration of [he
<br />Property attd sbaU comply with the pravistans at am lease i€ t his Decd a# "trust is an a itasehaid. if [his Deed of Trust is
<br />an a unit in a canttominium ar a plannai unit dcaelapmtnt, Baz?awer shall ptrfarnt all of Banawer's abligatians uzadec
<br />the declaratioa rn• +xtvenanzs creating nr governing the t~3ndamin:um ar planned unit development. the by-laws and
<br />ergo#atiotts of the candomtnium ar planned unit devrlapmeat. and cans€ituent dacwntents.
<br />?. PcatwtiMa a€ Loader`s Sorority. if Bi~rrowtr fails to preform the covenants and agreements cantaicted in this
<br />Deea# of Trust, or if any asYtva or proceeding is s.-ummtnctd which materially a#I'ects Lender's interest in the Property,
<br />thsnLetider, +u Lender's aptean. upon nattce to Borrower. may make such appearances, disbursesuah sums. ltirluding
<br />reasonable attoraeys' fees, sad tike su.~-tt acKion as is necessary to protect Lender's interest. if lendez regiited maitgage
<br />insttranee u a ttmditian of making tiro loan stt^urtd by this Deed of Trust, Harrower sha1T pay the premiums required td
<br />maintain sucft insurance is effect until such time as the rcgtriremtnt far such insurance terminates in accardantr wixh
<br />Batrawes's and f,tndrr's written agrctment ar applscalzfelaw,
<br />Any amazncs disbursed by Lender pursuant to this paragraph ', with interest therewt. at the Kota rate... shall
<br />became additirina# iadebtedaess of Borrower steurtd by this 1)etd crf Trus€, t=uItss Borrower and Lender agree to
<br />other terttn o€ paynteat.. such amounts shall be payab€e upon notice tram Lender to Harrower requesting p ymtnt
<br />thereof, Natiring COntaintd in this paragraph' shall require lender to incur any expense csr take aria action hereunder.
<br />€}. It~etisar. Leader tray make ar cause to bt made reasanabfe entries upon and inspections of [he Property.
<br />prowsddf treat Leader sftal3 give Bntrowcr notice prirx to nnv such inspection specifying reasoaablt cause therefor
<br />rtltttetcl to Lender's iarertst ra the Proparty-
<br />9 G+iaitru~atiut= Tftt praa^eeds of any award ar ciasm far damagss. ~ltrtct or consequential, m conncc[san a~th
<br />arty €cyademitazl~a.or other-taking of t#te Prt+}atrty. or part thereat', or for convtyanct in hew of candemnati+in, are
<br />assid and xho1S be pelt) t+~ L.erttler, subjtci €a the terms of uny mongagt. deed of trust ar athtr security agree-
<br />trttr:t with a lien whiClr leas priority ewerthis LTtrd.of Trust..
<br />10. Bltreanwe:~:Ma.R l;oisasodt. FoebtaraareBa_ I,snaior NM a Wiixer, Extenston x€the time- €+r paymrnt. or
<br />m~xfiftcatusn o€amtsrtixation~af the sttats.seturtd by t#us Lk:td a#'Trust granted. b#. Lender to env successor iainterest of
<br />Brtrrvrwtr shall ass operate-~a:aeleatta, in alt# aaasttcr. the linttitity a#'tht-s?sigina# B+?ttnwtr and Bearcawtr's sucictssacs in
<br />iottmt. I.rnder si[alf teat-tt+e rts~itet[tsa contmttzu.~t prot+aetltngs against shaft successor ar refuse to extend trine for pay-
<br />mcns <x rnher.ise nuxii fjc-atmcmiaatitrn of t#te tome sek~urtd try this LlEtd of Trust by reaazan of am demand made ~y the
<br />oti;{irui Ncxrower and ms`s ttxtsxssurs €n inietast-.- riay #ixrbtatan~e br LE^trdez~ to eaercesing anp rsght or remedy
<br />hercun,4rr: +a a!ltrv. ut i )lorded-by apptiubtc law, s}sall not be-a w;+» cr of au prtG#utle the exerrtae af' an> such til„}tt xir
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<br />i:clctn ~'c+ni.E;nW7 .#rali t.; xl. rrsS i.#tc ~leAts hrrau F„}, . ~. ~~t ~ , ihr rr.t>r~~>+x surevss~.trs anti assiltns ..i I ender and-
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<br />x+rr.rt€~ ate. R~,rr.nr~v~h~tr+.:.kn,s.vte.tY,.,it.4 1'v ..,:~ ,t~,as e, ~h~ ~,,;~,€aa.sx.t.~af;a'tttt}itbss L.k»tiit+€ Crust
<br />use :,, k-p;ts xar,A .- az~+ s+;.at K;~ro..r? s nz.. r-r~r,~ ar ~ ~ rv.~S,~',ra~ ~ 1 un~ie, !~h:: i*r?xY+.,x€ 111tc C~twecl a=
<br />! Trust. ibrzs
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