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I 83-'{) 0 5106 If Borrower pays Funds to Lenuer, the Funds shall be held in an institution I... deposits or accounts of which are Insured or guaranteed by a Federal or state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay said taxes. assessments. insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds. analyzing said account or verifying and compiling said assessments and bills. unless Lender pays Borrower interest on the Funds and applicable law pennits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower. and unless such agreement is made or applicable law requires such interest to be paid. Lender shall not be required to pay Borrower any inteTeSt or earnings on the Funds. Lender shall give to Borrower. without charge. an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of Trust. If the amount ofthe Funds held by Lender. together with the future monthly installments of Funds payable prior to the due dates of taxes. assessments. insurance premiums and ground rents. shall exceed the amount required to pay said taxes. assessments, insurance premiums and ground rents as they fall due, such excess shall be. at Borrower's option. either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes. assessments. insurance premiums and ground rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the deficiency in one nr more payments as Lender may require. 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 under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply. no later than immediately prior to the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of application as a credit agalOst the sums secured by this Deed of Trusr, 3. Applk:atlon of hymenta. Unless applicable law provides otherwise. al) payments received by Lender under the Note and paragraphs I and 2 hereof shall be applied by Lender tirst in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest payable on the Note. and then to the principal of the Note. 4. Prlor MortpeoI and DeecM of Tl'1IIt; C.......; Liens. Borrower shall perfonn all of Borrower's obligations under any mortgage. deed of trust or other security agreement with a lien which has priority over this Deed of Trust. ineluding Borrower's covenants to make payments when due. Borrower shall payor cause to be paid all taxes. assessments and other charges. fines and impositions attributable to the Property which may altain a priority over this Deed of Trust. and leasehold payments or ground rents. If any, 5. Huard I.............. Borrower shall keep the improvements now eXisting or hereatler erected on the Property insured against loss by fire. hazards included within the tenn "extended coverage", and such Glher hazards as Lender may requin: and in such amounts and for such perlOds as Lender may require. The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender: provided. that such approval shaH not be un~asonabl)' Withheld. All insurance policlc\ and rcnewais thereof shall be in a fonn acceptable to Lender and shall mclude a standard mortgage dause in favor of and in a fonn acceptable to Lender. Lender shall have the right to hold the poilcles and renewals thereof. subject to the terms of any mortgage. deed of trust or other security agreement \1nth a lien which has prtonty over this Deed of Trust. in the event of loss. Bom1Wer shall give prompt notice to the Im,urance carner and Lender> Lender may make proof of loss if not made promptly by Borrower, If the Property is abandoned bv Borrower. or If Borrower fails to respond to Lender withm 30 days from the date noti(..'e is maiied by Lender to Borrower that the Insurance carner offers to \euie a 1,,'laim fOT Insurance benefits. lender is. authorized (0 collect and apply the Insurance proceed') Jt L.enucr.) option r:i{her !n rcstonHlon or repair of the Property or to the ,um, ,ecured bv thIS Deed of Tru,!. It. P_atloa &lid M...1eD1IDCe of Property; Leuel>olda, Condominiu_, Planned Coit Oe..lopmeot.. Bor, rower shall keep the Property 10 good rcpalf and shall nm commit 'oItaste or permit lIT1palrmel1t or deterIOration of the Property and s.hail comply ~.ilh the provl:.lOfis of any- lea~e If thl~ Deed t)f Tru~t is 0n a iea~ehold, If thiS Deed of Trust is on it unit in a condominium or a planned unit development. Borrower ~hail perform aU of Bl)rrOwer' s ilbltgation~ under the doclaration Of covenants. creating nr gm'erning {he ;:ondomlOlum or plannoo unit de\'elopmem, the by-laws and regulations of the condominium or planned unH development. and constituent document'), 7. PJOtecdon of Leo_', S<<1Itity. if Borrower fails to perform the ~o"enant~ and agreements L'ontaaned in this Deed of Trusl. or if a.ny action or prO\.'C'eding ii. ,-~ommenccd which materially afh:cl~ u-nder\ Interest in the Property. then ~nder, at Lender's option. upon notice to Borrower. may make such appearances. disburse such sums. including reasonable attorneys' fees. and lake such action as IS necessary to protect under's interest. if Lender reqUired mongage insurance as a conditton of making the loan secured by thi, Deed 01 Trust, Borrow'er shall pav Ihe premium, required to maintain such insurance in effect until s.uch time as the reqUIrement for su<.:h insurance [ermtnates In accordance with Borrower's and Lender's wnlten agreement or applicable iaw. Any amount> disbursed by Lender pur.uant 10 thIS paragraph -. with Imerest Ihereon, at the Note rate. ,hall become additional Indebtedness of Borrower secured by thi>. Deed of fru'L Cnles> Borrower and Lender agree to other teons of payment~ such amounts shall be payable upon notice from Lender to Born)..q~r requ~s[ing p :mt:nt thereof. Nothing contained in this paragraph -: shaH require Lender to incur any expense or take any ac[ion hereunde~'. 8.. lnI.peedoD.. Lender may make or cause to be made reasonable entrie;. upon and _nspections of the Property. provIded that Lender shall gb.-e Borrower notice prior to any such inspectIOn specltYing reasonable ~aus.e therefor rewed to Len<ier's interest in the Property. 9. C-.dem.aatJea.. The proceeds of any award or claim for damages. direct or cons.equentiaL in connection with any (.'Ondernnalion or other taking of the Property. or part thereof. or for l:om'c~ance ill heu of l.'l)ndemnatiQn. arc hereby assigned and shaH be pald [0 Lender. subject to the terffillo of any murtgage, deed uf tru~{ or O[hcr \ccurity agree- ment with a lien which hll5 priority over this Deed of Trust. 10. lIwro_ Noc R-....ed; F~ By Lender Not a Waiver. ExtenSIon .,f the !:me for payment <lr modifit'3tion of amortization vf the sums. \e-cured by thi~ Deed ot Tru.\t granted hy Lender to any \U(,l'C'i--sor In interest of Borrower .$hall not operate to release. in.an)' manner, the Jiablht), 01 the ongll1ai Borrower and Borrowt'r\ SUCCl;::\M)r<j in intertSt. Lender shall ,not be requ_ired to commence proceedings against su<:h SUl,'ccsso.r I)f retus'c to (,'",\lcnd tmtt: for pay. ment Of olherwl$e modify amortiution of the s.ums. se~ured b~ Ihb Deed of Trusl by reason 01 Jn~ dt'n\,ind made by the .m,inai BOfTowcr and Borrov,--er's 5w::ce~()t\ Hl intere~c An} f;'1fbearant.:e b..,- Lender ;n t:xen"l)~n~ any n~hl vr :ltmedy hcr~up.der. Of otherwi-s..: afforded by appjlCabie ta~. )h~jl not be a Wal'<t.~r of or prt~dude th\,o C''\en:l~t.' <,)1' .illY \-ul;h fliJ:hl \)1' remed y, It.. ~ aod AaIlps Bound; Jolot .ad Sr,naJ UablUt,'-; Co.,ipen. Ph.' (P\'cn~lH\- .H1\.1 ~ii.;rt"t:m('nh nt-ft.in coolalrwd :iohaU bind~ .lnd the nghh h{;:reufH.h:r :;.haH !Ourt to, rhe re~pt'~,:Il\'l' ~U"C""').\\_lf... ,Jrrd "p.>,jgn\ .-:j Ll..'nder ,lnJ Bont)iJ{ftf. 'iubjt:-{.-t to ~h~ pnwi'fdot\\ of paragraph 10 hcn:of. /\B ,,'u\!:n~HH!t ~md d~rCCmt~nt '} pt H~'rr-p....cr "});lil he ,1t>HH J,nd \e\-cr4f ,\oy ~.lrn~t't whi)c.<:)"..q~n~ thl'i Def:d .Jf"frU\L but do('',- rwt {."::t(Ul\.~ !f1{' :":'_lIf" ;;1) l\ \_"H.q.;nw~ ,hI\' !~t.'-d \~t rru~t ..*h h) W-Ilfn ii.o,d l.:o-n"l.-("}' Ihil\ anrrl)w~r\ Im\~t:I;~,t In the Prillwr~', ~., fru",tt:'t" ~;f"iljn 'fh' tnrH\ ,if ;hL>, ikt<d .,j f 11hl _ ,hi 1\