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<br />applicable law requires such interest to be paid. Lender shall not be required to pay Borrower any interest or eamiegs on the Funds. Lender shW '
<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 pleAged as additional security for the sums secured by this Deed of Trust.
<br />If the amount of the Funds hdd Dy Lender, together with the future monthly installments of Funds payable prior to the due data of taxes,
<br />assessments, insurance premiums and ground rents, shall exceed the amount required ro pay said taxes, esseastttmts, ihattrattce pretniunn attd
<br />ground rents as they fall due, such excess shall be, err Borrower's option, either promptly repaid to Borrower or tttdited to Borrower Oo monthly
<br />installments of Funds. If the amount of the Fonds held by Lender shall not tx suffident to pay taxes, aasesstnents, insurance premit~attad
<br />ground rents as they fall due, Borrower sha8 pay to (..ender any amount necessary to makeup the deficiencq within 30 days from the dite ntxioe
<br />is mailed by Ixnder to Borrower requesting payment thereof.
<br />1Jpon payment in Cull of all sums secured by [his Deed of Trust, Lender shall promptly refund to Borcows any Funds hdd by Lttrtds. If
<br />under paragraph 18 hcrmf the Property is sold or the Property is otherwise acquired by Linda, Lender shall apply, no terra tWn intmediatdY
<br />prior to the safe of the Property or ,n acywsition by Lender, any Funds held by Lender at the time of application as a credit agaimt the sums
<br />secured by this Deed oC Trust.
<br />3. AppBeatitm of Prytatrats. t unless applicable law provides otherwise, all payments received by Lender under the Note and partgraphs 1
<br />and 2 hereof shall be applied by C ender first rn payment of amounts payable to [,ender by Borrower under paragraph 2 hereof, Ehen to intsat
<br />payable on the Note, then to tht principal oC the Note, and then to interest and principal on any Future Advantxs.
<br />i. Charges; (setts. Borrower chap pay alt rases, assessments and other charges, fines and impositions attributabk to the Property whidt
<br />may attain a prionry' over this llred of Trust, end leasehold payments or ground rents, if any, in the manner provided under paragraph 2 6trenf
<br />or, rf not paid m arch manner, by 9arrvwer making payment, when due, directly to the payee thereof. Borrower shall promptly furnish t0
<br />Lender all notirts of amounts due under rhis paragraph, and !n the event Borrower sha8 make payment direi:tly, Borrower shag promptly
<br />furnish in Lender receipts evidencing such payiritnts. Borrower shall promptly discharge any lien which hu priority ova this-Deed of Trtut:
<br />provided, that Borrower shat! not he regwrrd to drscharge any such lien so long as Borrower shall agree in writing [O the payment of the
<br />obligation secured by such lien ;n a manner ~ 4ptable ro Lender, or shalt in good faith contest such Gen by, or defend imfortxtoent Of such lien
<br />in, legal pro:;eedings which operate to prevent the entarcement of the lien or tbrfeiture of the Property or any part thereof.
<br />S. Httatird Irrsanttce. Bo: rower shall keep the !mnrovements now existing or hereafter erected on the Property insured agaimt loss byfirc,
<br />hazards included withui the term "extended coverage", and such other hazards as Lender may require and in siteh amounts and for aueh periods
<br />as Linder may requue: pmvrded, chat Lrnder shat! not rzgwre that the amount of such coverage uceed that amount Of mvenge required to pay
<br />[he sums >ccured by this Devi of Crust.
<br />The insurance earner providing the insurance shall he chosen by iorrower subject to approval by Ixnder; provided, [hat sue6 approval
<br />shall not he unreasonably wuhhrid. AI! premrums on msurancr pcshcies shall be paid in the manntt provided under paragraph 2 hereof or, if not
<br />pard m such manner, by Borrowei making payment, when due, Auecdv to the insurance carrier.
<br />All !nsurana tx lino and renewals =.hrrcot +hal! ter, ui Ivrm acceptablz to Lender and shall include a standard ttrortgigt clause fn favor of
<br />and rn form acceptable to 1 ender isndrr ,hall hove the r rgm to hold the pohcres and renewals thereof, and Borrower shall promptly furnish to
<br />Lender .dl renewal nou.rs and ail • rerrpis .d pard prrnuuris. in the event t•i toss, &irrower shall give prompt notice [o the insuritnce carrier attd
<br />Lender. Lrnder may make prvoi ai toes tl not made }xompdy ny Borrower.
<br />Unless Lcnuer and Borower otherwise agree m wrung, !nsurartce proceeds shat be applied to ratontion or repair of the Property
<br />damaged, provided such rrswr:uion of rrpatr is rcunermically Ceasible and the seuurity of this Died of Trust is not thereby impaired- If stte6
<br />restoration or repar rs roe Fonamrcalty CrastDie or !C the securny tit this Dred of Trust would be impaired, the imuraotx Droaeds shW be
<br />applied to the sums scYUrrd ,hv this iY_Yai of Trust, wuh the exeeas, if arry, pard to Borrower. 1f the Property is abandoned by Borrows. Or if
<br />Borrower fails to respond to Lendtt :vuhre }ti days Crom the date noun is mwltxf by Lender to Borrower that the huitrance cards offers to
<br />settle a claim for insucance Ixriefits, Lrnder is authonzcd to collect acrd apply the insurance proceeds at Lender's option either to ratontion or
<br />repair of the Property or iv :hr sums secured by thu Deed of Trust.
<br />Unless Lender and Borrower otherw,sr agree m wnnng, any Birch application of proceeds to principal aha8 ntN extend or postpone the due
<br />date oC the monthly !nstailments relttred to tit paragraphs 1 and 2 hams or change the amount of such installments. If under paagtaph Ig
<br />hereof the Property is acqured by I.erdrr, all nght, ntle amt interest of Borrower in and to any insurance policies and in attd to the: procteds
<br />thermC resulting from damage to the Property prroi tv the sale or acgwsition shall pass to Lender to [he extent of the sum9 secured by this Deed
<br />of Trust imtriediately poor to such sale or acyuisiuon.
<br />ti. Preaervatioa cad Malateaaw~e of Property: Leasettulds: CoadottrLlaats: Pluasd Udt DevtrloNanY. Borrows shag tap the
<br />Property rn good repair and shall rent cemntu waste or permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any le~sr if this Ih>rd of Trust is tin a leasehold. I f rhea [kid dt Trust is on a amt m a condominium or a plaiuwd unit devdopment, Borrows
<br />sha8 perform alt of Norrower's obligations under the daaa[auon or covenanu creating or governing the condotinium or planned unit
<br />development, the by-laws and regulations of the wndomuiium err planned unit development, and constituent documents. If a condomidum or
<br />planned unit devetopntrm rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such
<br />rider shat) be incorporated into and shalt aineixd and supplement the covenants and agreements of this Deed of Trust as if the rids were a pan
<br />hermf.
<br />7. Protection at tender's Seradry. it Borrower fails ro perfarnt the covenants and agreements contained in this Deal of Trust, or if any
<br />w:uon or proceeding !s cunmrncrd whrch materially affes:rs Lender's interest m the Property, including, but not limittxt ro, eminent domain,
<br />insolveticy...wde enforcement, or at rangeme!ns yr pracedingc !nvtxlnng a bankrupt dr decedent, then Lender at Lender's option, upon notice
<br />to Borrower, may mike such apprarancts, disburse such Burns and take such action as is necessary w protect Lender's interest, including, but
<br />trot limited to, disbursement ct rrssonaDie aztorncy's fees and entry upon the Property to make repairs. If Lender required mortgage insurance
<br />as a amdition a£ making the Loan secured by ihrs (ked of Trust. Borrower shall pay the premiums required to maintain such insurance in effect
<br />unu! wch time as the rryu~rrmeut for swt: ;ttsurancr to m:natrs in a.cvrdance with Fkrrrvwer's and Lender's written agrament or applicable
<br />taw. Borrows shall may. the amouna ..f aEl mortgxgr rrsarance prrnriums in the rtuxnner provided under paragraph 2 hereof.
<br />Any amounts disbursed Dy tender pursuant to this paragraph '. with interest thermn, shat! become additional indebtedness of Borrower
<br />secured by this 17taf of Trust UNtss fWrrvwer and I.esrder agree to other terms of pa}mient, such amounts stall be payable upon notice Crom
<br />Lender to Borrower requesiutg payment thereof, and shat! hru interest trvm the Aatr of drsbursement at the rate payable from time to time on
<br />ottu~sndiag prinnpai undo' the Neste unless payment of uuerest at such rate would tae contrary tv apphcabte law, rn which event such amounu
<br />shaft Dear interest err the hifihest rate permrssible ;under applicable law. Nothing contained !n this paragraph' shall require Lrnder to incur any
<br />rxperise sir take any cotton herrundtr.
<br />g. Itr~eetiua. LcmSer relay cooler ur r:ause tv t4 made rrasonaWt entrees upon end inspx-uans of the Property, provided that Lender shall
<br />give &arruwer ntrira poor ro any ouch naspectton sprctfying reasorwhie cause therefor rotated to tender's interest in the Property
<br />9. Catidesaaatioa. .Tier or n~recCs ~+f any aw,tr:i .u ~ta:in tau damage's. ,i,t~r:~t or tivnseyurnt+xl, .n .onuresron with any consiemnatiun ;x
<br />othu raktng of six Praperry, m part ttszr~ P. yr ins cunvtyancc.o tics of c+:ndrmnauou. err: hzrcby asstgnznl and shalt t>e pard m t ender
<br />to the r.~e¢+t 4i x t ma! !skins of rite #+res:aertp, tie pi'uc'raLs allots be a:xfritrd 9v the sums scour rd bs tetra !yeas: r,! T rust, w!th the racezs, if qtly,
<br />ryitni to Eis-a r+'=ws~r hs r¢~event sxf a t~tzsl takrng p£ tree t'ropc; ty, unto€s }~>nowtt end 1 rr; 3ti t*tArrwssr aprce ;rt a±str!ry„ there shat! br apphai
<br />tti t~ asatr>z +eecrted ezs +h:a l1r8.3 •,t trust n'mu is pn_Tal.rbun vt tfir Cam arSs a, !~ rz:uai tr r`tat p a»gor;nrr u t+.:. h e're' arnrnant „t Uir wino .crured
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