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<br />If Borrower pays Funds 10 Lender. the Funds shall be held in an institulion Ihe dep",ils or accounls of which are
<br />insured or guaranteed by a Federal or state agency (including Lender if Lender is such an institution). Lender shall apply
<br />the Funds 10 pay saidlaxes. assessmenls, insurance premiums and ground rents. Lender may not charge for so holding
<br />and applying the Funds. analyzing said account or verifying and compiling said assessments and bills. unless Lender
<br />pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender
<br />may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower.
<br />and unless such agreement is made or applicable law requires such interest to be paid. Lender shall not be required
<br />o to pay Borrower any interest or earnings on Ihe Funds. Lender shall give to Borrower. wilhout charge. an annuat
<br />....; accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was
<br />'" 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, togelher with the future monthly installments of Funds payable prior to
<br />'0 the d..., dates of taxes, assessments. insurance premiums and ground renlS, shall exceed the amount required to pay said
<br />laxes, assessments. insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option.
<br />either promptly repaid 10 Borrower or credited to Borrower on monthly installments of Funds, If the amount of the
<br />~ Funds held by Lender shall nOI be sulIkientlo pay laxes, ass""sments, insurance premiums and ground rents as they fall
<br />due. Borrower shall pay to Lendet' any amounl necessary to make up the deticiency in one or more payments as Lender
<br />may require.
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any
<br />Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Properly is otherwise acquired by
<br />Lendet'.Lender shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any
<br />Funds held by Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />3. Appllcat.... of p.y.......u. Unless applicable law prO\'ides olherwise, all payments r<<<ived by Lender under
<br />the N.>te and paragraphs I and 2 hereof .han be applied by Lender li...t in payment of amounts payable to Lender by
<br />Bom,,,,er under paragraph 2 hereor, then \0 ior,,"""1 payable on Ihe NOle, and then to the principal ofthe Note,
<br />4. Prior MOI'lglIpI and DeedI. of Trust; C........; Ums, BOIT"wer shall perform all of Borrower's obligations
<br />under any mortgage. deed of tru.t or olher ,"",unty agreement ",ith a lien wbich has priorilY over Ihis Deed of Trust,
<br />IlId.wing Borrower's NlVenant. to make payment. when due. Borrower .hall payor cause to be paid all taxes,
<br />.""""ment. and other charges. fines and impositions attributable to the I'roperly which may altain a priority o,'er this
<br />[x'Cd "r Trusl. and leasehold pa>'ments or ground rents, if anv.
<br />5. HuanI 1_11'......,... Borrower ,hall he]> the lmpro'emen" now e<is(llIg or hereatier erected on the Property
<br />,"sured against 10" b,' lire. h.",,,ds indudt-d witbin the term "",(ended coverage", and such other bazards as Lender
<br />ma)' require and in \-Udl amount~ and fOT -s:u-ch period~ a\ Lender may require.
<br />lbe in.urance carricr pmvuhng the tn,uran"e ,hall be chos.'n bv Borrower SUb1<'<'1 W approval by Lender; provided.
<br />thaI .uch approval ,hall not be unrea,onablv wHhoek!. All inwrao<'e pDlicie, ami renewals thereof .hall he in a form
<br />.tt\..'1!pt.abie to Lender an.d "hail ind-udt a 'Standard mort'gaf(t." clause in faw"Of of and in a form acceptable to Lender.
<br />Lender .hall ha,-e the "gtH wlwld the p<>1tete'\ and renew"l. thcreof. >ubJCct !U the lerms of "nv mortgage. deed of trust
<br />or other S4.."eurity agreemt:Ol ~'lh ..l hen ~:hich ha.:... pnUf1tl' i)\"i:f thl\ Det.-d of Trust.
<br />In lhe event (~fk)S:\. Borrn-w'Cr 'ihaH .Ril,l(' pn:lfilpt t}nticc to thl! tn'SurancC" (~~lrrier :'lnd Lender. Lender may make proof
<br />of h:1SS tf ntlt made prompdJ by Borrnwcr.
<br />If the Properly i, abandoned by Horrower, 'If ,! Horn'''er lalis to l'l...pond W Lender" tthin ,\0 days from the date
<br />notice J~ mailed by lxmkr to Borruwer that the m)ura-ncc ,arner l)tlcn fr~ '.icttlc a ..:l~im for insurance benefits. Lender IS
<br />authorized 1.0' CQU6.4 and appl~; the tfi!{i:Ufaf.K"\: ptUJ..,~\ at Lender", option either to restoration or repair of [he
<br />Property or l<> the surn' ",<,ured bv thi'. [)eed of Tru,t.
<br />fl. P-.atloa aad M...letI..-wt of PI"UpOfty; L-.eboIds; Cundomlnl..-; 1'.......... Volt Oe.eIDp!li....u. Bor'
<br />nJWrt ~haU k.eep the Prop<:rty IH ~'~~Jd f"1:p-att and \haU nut commH "";lsle or pcmlit imp-airment or deterioration of the
<br />Property "nd ,hallc,<'mply wlllt the pr"';""'I' \.f "n, kas< If thIS [ked of fru,t is on a j",,,<hold. If this Deed of Trust is
<br />no a unit In a (.~ond(.mlintUm Of ~ piafin~d umt d~'"eh)fmWfH. B(lrrnwl;r ,hali perform ail ofBorro\\:~r'~ obligation.s under
<br />jhe docl.a.ration t)f c,-w('naJif!,> ~.rt':atm1l: or ~(werninit thc O)ndt.1filtnmlTl or planned unit development. the hy~laws and
<br />regulAtWu-s .uflne e~>ndtlmintum or pjanned unit dcv-eiapmt"ul. .;Jud c'I.:m$tttuenl dtX"umc'nts.
<br />1. ~ of l..eader'. Secttrit,~ If !iiJiTHWer f;tfts. to pertonn th~ \:O\!enanh and agreemenh contained in this
<br />~ of Trml, or if any ,,,;km or proceeding i, eommell<.'ed WhKh materially allec" Lender'. inter",! in the Property.
<br />then Lender. at L.ender', "plion. upon noUee It! BorfOwer, may make ,uch appearan"e" di.burse such sums. including
<br />fI!~J,n.!!b:t!' '!nor!1~Y~' f~~,; ;!m! ~l!ke ~uch ac!!t,.~ ~ is He>"..:e.t.-;::.:)' to prnki,\ L~fidcr'5 illtt'ifiL If L~iider required iTlufigagc
<br />illsurallc", ..... rondltioo of making the I""" .ecured by th" Det"<l of TrlLn. BOtTower .hall pay the premiums required to
<br />mllintalU such iMUriiUk.'e In elle.:t until such ti_ as the requiremelll for ,u<'h iosur<<nce u,rmlnates in a"curdan"" with
<br />Borrower', and LenOer', written agreement ur applICAble law.
<br />AllY "",ounc, disbursed by Lender pursuant 10 Ih.s para.grllph 7. wllh tnlere.t theroon. at the N,'te rate, shall
<br />het'<>flle additionlll indebtedn_ of Borrower secured by this [)eed of Tru,c Unless Borrower and Lender agree ((l
<br />ot~ lenns "f payment. .uch ""'<>Ullt. .hail be payable UpO" notice from Lender to Borrower reque.ting payment
<br />thereof Nothinl contained ill this paragraph 7 .hall require lender tn Incur any expense or take any ac\ton ht>reunder.
<br />II. ~., Lender may make or "ause to be made reawnable entries upDn and inspections of the Property,
<br />pr\",kled lhai Lender shall give BOtTower notice prior 10 any such inspection .pecitymg reasonable cause thereh>r
<br />reWed to Lender' .inteTCSt in the t'roperly,
<br />9. C1lll....... The proceed. of any award or claim 101' damages, di=t or consequential. m cottn<<'l.on "'ith
<br />llAy e<>tJdemnalion or other taking of !he Property, or part thC'feof. or Ii" conveya""e in lieu of condemnation, are
<br />hetebyu~ aad sh.all be paid to Lellder, subje\'t ll' Ihe terms of any mortgage. deed of trust or other ,<xurity allree.
<br />_I with a liell whkb has pri<>rity "",r Ihis [)eed of Trm;;,
<br />10.. ...... N.t R~ f~ By Lender Not II W.hff. EXI,,",i..n of the rime lor paymenr or
<br />m~t.... ofamQrtlution of the .um. .......red by this Deed of Trust granted by Lender to any .u"cessor In inlere.t of
<br />~1ll' mllllnot Opuate to re/t;ue. in any manner, lheliability "I' the original B{lffOwcr and Borrnwer's suc,,,,,,,,,,,, tIl
<br />i~l.A!1MI<< .ba.ll_ be reql!ired 10 ;:on11r"'11<< r>rt1ceedings ag!liu.t such successor or rcluset<> e<lend time (," pay<
<br />lU!Ult l1f'~ nwdify amoniz.a.lion oflbe sums "","ured by this Deed of Tru,l by re_,n of any demand made by Ihe
<br />~s-er and lJ:orrower', om:uswn; m inter"'t. Any forbearance by Lender in e.er<'ismll any right or renwdy
<br />~. qt <It~ lIffordlld by applicable la.., .hall nul be a ......wr of or preclude the nercise of any ,,,,,It r.nh! '"
<br />I~f'
<br />U. ~. ud ~ a-4IJ.t aad s..em Uabllltyl C..~. lbe <">'H'n""t' and il~n'.'ments
<br />lI!!rt'i1l ~~Slllllll.lmd. atld the rip bcrevlldel' ,hall Wltre "',.Ihe =peetis", ,u<=,ors .nd j"'t~'" ot L<n(k~ M"I
<br />~,.~t"lbe pr("~ <If p;or"lltaph lfilk:reo{, All e<r<ilJIa.llls and agreemeni> '" Borru"w ,hall bt, I""'t and
<br />""",iN. AIl)'.~ w.... "'He'lI!>o tnts (~ 01 lllt,t, I'ut d..., not ..<<u!e I he Note, ,;> I " w \tj(""'!l1 h" LIe<<l "I rru,'
<br />t~dy f~~ ,,-Ui- f4KI i;':t'lft"':" m.at 80ffO.'~f'~ lfit~t :in the ~)n"1{'-:.rt:f to It'YS1~ undt"r th<( H"1"nh. .3( thl'\ n~,'"'1il n! 1ru\t (hl 'j'<.
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