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84 --dA2a~o~t
<br />applicable law requires such interest to be paid, Lender shall not be required to pay Borcower any interest or earnings on the Fends. Linder shall '
<br />glue to Borruv6er +i'hlioxticltt~ge, an annual accounting of the Funds showing credits and debiu 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 secured by this Deed of Trust.
<br />'..~ ~ If the amount of the Funds held by Lender, together with the future monthly installmenu of Funds payable prior [o the due dates of taxes,
<br />assessrnenu, insurantt premiums and ground rents, shall exceed the amount requfred to pay sold taxes, aasesaments, inaurattce ptemitmn and
<br />- ground rents as they tall due, such excess shall tx, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on tttoMhly
<br />instslltemu of Funds. If the arrtount of the Funds held by Lender shall not be sufficient to pay !axes, assessments, imurattce-protnimas aed
<br />' ground rrnts as they fall due, Borcower shall pay to Leader any amount necessary ro make up the deficiency within 30 days from tlrc datevotiee
<br />is mailed by Linder to Borrower rtques[ing payment thereof.
<br />Uptm payrrtmt N full of all sums secured by this Deed of Trust, Lender shall promptly refund to Btmower any Futrds-held by Lender. If
<br />under paragraph 18 hereof [he Property is sold or the Property is otherwix acquired by Lender, Lender shall apply, tto later than imme~atefy
<br />prior to the sale of the Property or its acquisition try Lender, any Funds held by Linder a[ the time of appligtlon as a credit-agairtlhe Gums
<br />secured by this Deed of Trust.
<br />3. Apptlntltre o! Payreeata. Unless applicable law provides otherwix, all paytnenu 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 hereof, thin to intaeA
<br />payable on the Note, then to the principal of the Note, and then [o interest and principil on any Future Advances.
<br />1. ChrRea; I3er. Borrower shall pay ail toes, assessments and other charges, fines and impositions attributable to the Property which
<br />may attain a priority over t his Decd of Trust, and leaxhold payntmts or ground rents, if any, in the manner provided tinder paragraph 2 httreof
<br />or, if not paid in such mariner, by Borrower making payment, when due, directly to the payee thereof. Btxrower ahW promptly furnish-to
<br />Linder all notices of amounts due under [his paragraph, and in the even[ Borrower shall make payment directly, BorrOwlr shW pranptly
<br />furnish ro Lender receipts evidencing such lwymenu. Borrower shall promptly discharge any lien which hr priority over this Deed of Tent;
<br />provided, that Borrower shall not be required to discharge any such lien so long as Borrower shall agree in writing to the psya~t of the
<br />obligation secured b~ .,uch lien in ?manner acceptable to Lender, or shall in good faith contest such lien by, or defend mfaroemmt.of strfi Bm
<br />in, legal proceedings which operate w prevent the enforttmmt of the ben or forfeiture of the Property or any part thereof.
<br />5. Htsard Iraraace. Bortower shall keep the improvemenu now existing or hereafter erected oo the Proptxty insured again lases by fire,
<br />hazards included within [he term "extended coverage", and such other hazards as Linder may require rod in stte6 atoounts sad for tut:h periods
<br />as Lender may require; provided, that Lender shall raw require that 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 canter providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that such approval
<br />shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner provided uadzr paragraph 2 hereof or, if oat
<br />paid in such manner, by Bortower making payment, when due, directly to the insurance carrier.
<br />All insurance policies and renewals thereof shalt be in form acceptable to Lender and shall include a standard mortgage clatme in favor of
<br />and in form acceptable [o Lender. Lender shall have the right to hold the policies and renewals thereof, and Borrower shall promptly fttrniah ro
<br />[.ender all renewal notices and all receipts of prod premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br />Linder. Lender may makeproot of loss if nest made promptly 6y Borrower.
<br />Unless Lender and Borrower o[hmnx agree in writing, insurantt proceeds shall be applied to rettantioo Or repair o[ the Prapvty
<br />datnagcd, provided such restoration or repair is economically feasible and the security of this Dead of Trwl is not tberebY impaired. If such
<br />restoration ar repair is not econorrticaHy feasible or if the security of this Deed of 7Yust would be impaired, the insurance procaedt ahW le
<br />applied to the sums secured by this Deed of Trust, with the excess, if any, paid to Borrower. If the Properly is abandoned by Barrowar, or if
<br />Borrower fails to respond to Lender within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offe[t b
<br />settle a claim for insurance benefiu, Lender is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or
<br />repair of the Property or to the sums secured by [his Deed of Trust.
<br />Unless Lender and Borrower otherwix agree fn writing, any such application of proceeds to principal shag not extend M patpone the due
<br />date of the monthly installmenu referred to in parrgrapha I and 2 hereof or change the amount of stmt intallmmts. If udder paraQaph IS
<br />hereof the Property is acquired by Ltndtr, all right, title and interest of Borrower in and to any irotuance policies and fn and to the ptoceerls
<br />thereof resulting from damage to the Property prior to the sale or acquisition shall pass to Lends to the extort of the sums secured by this Deed
<br />of Trust immediately prior to such sale or acquisition.
<br />i. Prtssnatlaa cad Malats+aace of heasrty: LeastthatY; Condorlalr•ai PYaasd UYt DevdeMsaY. Borrower shW keep the
<br />Property fn good repau and shall trot commit waste or permit impairment or dRarioration of fIM Property atwl shW comply with the provisions
<br />of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust is on a unit W a condorrtinium or a panned unit development, Borrower
<br />shag perform all of Borcowu's obligations under the declaration or covenants ttpUty or governing the condominium or p~laord unit
<br />dweloptnent, the by-laws attd regulations of the condwninium or planned emit development, attd constltlliW tlocumenn, If a Condomiofum or
<br />planned unit development rider is executed by Borrower and ranrded together with this Deed of Trust, the covenants sad agreemeon of such
<br />rider shall be iacorlsorated into artd shall amend and supplement the coverunu and agreements of the Deed of Trust as if the rider were a pan
<br />hereof.
<br />7. Protectlw of Leder't Secttrip. If Borrower fails to perform [he covenants and agreemeois conraiaed in this peed of Trw[, or if soy
<br />anon or proceeding is cwmntnced which materially affau Lender's interest in the Property, including, but not limited to, eminent domain,
<br />irssolvencY, code enforcement, or arrangemems or proceedings involving a bankrapt or decadent, thin Lender at Lender's option, upon notice
<br />to Borrower, nwy make such appearances, disburx such sums and take such action as is naessary to protect Lender's interest, including, but
<br />trot limited to, dubtttsement of reatortable attorney's fees and entry upon the Property to retake repairs. If Lender requited mortgage insurance
<br />u a condition of malting the loan secured by this Dttd of Trust, Borrower shall pay the premiums required to maintain such insurances in effect
<br />until such tint as the requiretneat for such insurance termitutes in accordance with Borrower's and Lender's written agreement or applkable
<br />law. Borrower shall pay the amount of ail mortgage insurance premiurw in the manner provided under paragraph 2 hereof.
<br />Any amotttus disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br />secured by this Deed of Trust. Utrlttss Bottower and Lender egret to other terms of payment, such amounts shall be payable upon notice from
<br />Lender to Borrower requesiiry{ payment tlurcot, and shall bear intetat from the dart of disbursement at the rate payable from time to time on
<br />outatattding ptincfpa! tender the Note unless payment of interest a such race would be contrary to applicable law, in which event such amotmu
<br />alwll bear interest at the highest ra[t partnfssfWe under rpplieable law. Nothing contained in this paragraph 7 shalt require Lender to incur any
<br />cape^se or takt any action hereurtdu.
<br />•. far~tstlaa. Leader may make ar catrsc to bt made rwsanabie rntries upon and inspections of Utt Property, provided that Linder shall
<br />give Borrower notice pear to any such inspection slxcifytng teasatrable caux therefor related to Lettdet's interest in the Property.
<br />~, Ceatlewaatlptr, The pzaceeds r>f any award nr claim for damages, direr[ rsr consequential, in cannevKian with any condenvtauan or
<br />other raking of the Pritperty, err fwrt tttcteaC, or far conveyance m lieu of caridenuratfon, art herefry assigned sad stud[ be paid to t_rndcr.
<br />In rlae evtrn of a [t'skal taking of the Prapt2ty, the procctds shall be applied to the =_uttu ser:ured by thus Uccri of ~frust, with the excess, it any,
<br />peso! to 8nrrowtr in [ht event of a partial eking of the PraPtrYy. un{tss Harrower and [..ender otherwise egret to wrung. ;here shat! tin a}xptied
<br />to €~ surrrx rs+tvred by thrs fated of Trrst sna°it prc~fxxtian r f the prdieeds as ~s equal ro that pr;iporrran which thr arrriruut e~f the sums srvrci
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