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<br />83- OOS627
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<br />applicable hiwTequlres such interest to be paid. Lender shall notbe required to pay Borrower any interest or earnings on the Funds, Lendershall
<br />give to Borrower. without charge. an annual. accounting of the Funds showing credits.nd debits to the Funds and the purpose for whici>eacb
<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 installments of Funds payable prior to tbe duedatesoftaxesi
<br />assessments, insurance premiums and ground rents. shall exceed the amount required to pay said taxes. .......m<;l1ts. insurancep"'lnilll'!tan,d
<br />gr9Und rents as they fall due. such excess shan be. at Borrower's option. cither promptly repaid to Borrower or credited to Borrower.o1tclllOntbly .
<br />installments of Funds. If the amount of the Funds held. by Lender sball not be suffident to pay taxes. assessments, insurance premintns..~
<br />ground'rents as they faU due,Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the. date notice
<br />is mailed by Lender to Borrower requesting payment thereof. . ..,., . ,
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender sball promptly refund.oBorrowerany Funds:heldbrJ.end...If
<br />under paragrapb 18 bereof the Properry is sold or the Properry is otherwise acquired by Lender. Lender shallapply,no Iaterthanlnunediately
<br />prior to the sale of the Properl)' or its acquisition by Lender, any Funds held by Lender at the lime of application as a credilagainstthesums
<br />secured by Ibis Deed of Trust.
<br />3. Applleallon or Pa,....,ots. Unl..., applicable law provides olherwise. all payments received by Lender under the Note and paragraphs I
<br />and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest
<br />payable on the NOte. then to the princip..u of the Note, and then [0 Interest and principal on any Future Advances.
<br />4. Chups; I.ieas. Borrower shall pay aU taxes. assessments and other chargest fines and impositions attributable to the Property whiCh
<br />may attain a priority over this ~ of Trus(~ and leasehold payments or ground rents, if any, in the manner provided under paragraph:2 hereof
<br />or, if not paid in such manner, by Borrow~r making payment, when due. directly to the payee thereof. Borrower shall Jlromptly-furnish to
<br />Lender all notices of amounts due under this paragraph. and in the event Borrower shall make payment directly, Borrower -shall- promptly_
<br />furnish to Lender receipu e..idc:ndng :such payments. Borrower $haH promptly disc-harge any lien which has priority over this Deed of Trust;
<br />provided, that Borrower ~hall not be required to discharge any such lien so long as Borrower shall agree in writing to the payment of the
<br />obligation secured by .such lien in a manner acceptablt to Lender. or shall in good faith contest such lien by, or defend enforcement of-such lien
<br />in~ legal proceeding.... which operate to pre\'em the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />S. Huard luurance. Borr~.-ef shall kttp the improvements now existing or hereafter erected on the Property insured against loss by fire9
<br />hazards included wjthin the term "e~lendro coverage", and such other hazards as Lender may require and in such amounts and for such periods
<br />as Lender may requirr; prOVIded. that Lender shall nO{ require that the amouO[ of such coverage exceed that amount of coverage required to pay
<br />the sums. secured by this Deed of Trust.
<br />The insurance carrier providing the insurance .shall be chosen by Borrower subja.'1 to approval by Lender; provided. that such approval
<br />shall not be unreasonably withheld. AU premium~ on insurance poHdes shaH be paid in the manner provided under paragraph 2 hereof or. if not
<br />paid in such manner. by Borrower making payment. when due. directly to the insurance carrier,
<br />AU insurance policies and renewalli. thereof ~hall ~ III fMffi oicceplable to Lender and .;;haH include a standard mortgage clause in favor of
<br />and in form acceptable to Lcnd<-r. Lfnder 5haH have lhe nght to hold the policies and renewals thereof. and Borrower shall promptly furnish to
<br />Lender aU renewal not1-1.-"t'S and all receipt.. of paid premiums.. In the ('vem of loss. Borrower shaH give prompt notice to the insurance carrier and
<br />Lender. Ltmder may mal_c proof of los_~ If not made promptly oy Borrower.
<br />Unlcs.s Lender and Borrower othttwL'iC! agree in writ.ing. lIuurance prO\.:eeds shaH be applied to restoration or repair of 'u. ro.;-operty
<br />damaaed, provided sucb renora-uon or repair i) economKalJy feasibh: and the ~ecurity of this Deed of Trust is not thereby impaircJ. if suth
<br />restor-won Of repair is tlOl oco-nonUcally feuible or jf the securilY of this Deed of Trwt would be impaired, the insurance proceeds shall be
<br />applied to tbe sums ~td by this l.).on1 of Trust, with the UCo-~, If any. pwd to BorrowCf. If the Property is abandoned by Borrower. or if
<br />Borrower fails- to respond tv Lender- within JO days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to
<br />settle a dab'll for insutanet' benefib, Lender l'i auth-orittd to ~'.()tlC\."t and apply tM insuralh."'t: PfOl.'eeds at Lender's option either to restoration or
<br />repair of lbe Property Of to the~ums. s<<ured by tru:ii i)ecd of Tru$t.
<br />Unless Lender and Borrowfl Qtherwise &&ffC' in writin&. any luch application of proceeds to principal shall not extend or postpone the due
<br />dale of the month.ly lmtaUments referred to in pala&rapns t and 2 nt'feof or- change the amount of such installments. If under paragraph 18
<br />hereof the: Property is &.'Quired by U:nd~I, aU right, titk and inter('$t of Borrower in and to any insurance policies and in and to the prt.lCC!Cds
<br />thereof resulting from damlljte '0 the Property prior [0 tbe sale or acquiSItion shall pass 10 Lender to the extent of the sums secured by this Deed
<br />of Trust i~y prior to soch :sale or acquisition,
<br />6. ~ ud ~ of ~; ~: Condomlal_: I'IaIUIod Unit De""""", Borrower shall keep the
<br />Property in aood repail and shall not commil wtlSle or permit impairment or deterioration of the Properry and shall comply with tbe provisions
<br />of any lease if this Deed ot Trust is un al<a.sellold. II this Deed of Trust is on a unit in a condominium or a plan..led unit development. Borrower
<br />shall perform all of Borrowu's obligations untIet the declatation or co""nants creating or governina the condominium or planned unit
<br /><ievelopnKlnt. the by-Iaws and ....uIations of the condominium or planned unit development, and constilOen; documenu. If a condominium or
<br />pIanaed unit development rider i, ""..:uted by BorrowCf and recorded together with this Deed of Trust. the covenants and qreemenu of sucb
<br />rl<Iersball be incorporated into and shalllUl1<el1d and supplemenl ,be cuvenant> and agreements of this Deed of Trust as if the rider were a part
<br />hereof.
<br />1. ~ of Lrnder'._ty.1f llotTower fails to perform the _'Ovenants and agreements c'Ontaified in thit< Deed of Trust, or if any
<br />action or pr~11J b -commenced wtuch materially affccu lendet's interest in the Property. including. but not limited to. eminent domain.
<br />iDsoIvency. code enfor1.--emetlI. \Jf arrangancflts or proceedlngs invol\1.ng a bankrupt or decedent, then Lender at Lender's option. upon notice-
<br />to Borrower. may mAJ;~ sum a_an<<s. disburse such sums and lake such action as is nece.sary to protect Lender.s interest. including, but
<br />"",limited to. disbu..emelll of r...ouahle attorney', fees and ~nlry upon the Property '0 make repairs. If Lender required mottlage iosUl1ll1<:C
<br />u a rontlitl<m of makin& tbe loan secured by this Deed of Trust. Borrower shall pay tbe premiums required to maintain such insurance in effect
<br />uatiJ sudt time itS the rcqwutnenl for such insuraJh.""C lernunates in acrordanc.e with Borrower's and Lender's written agreement or applicable
<br />Ill... Borrower shall pay tbe amount of all rnonpge i.............. premiums in the manner pro.ided under paragraph 2 hereof.
<br />Any _nts dilbursed by Lender pursuant to this paragraph 7. with interest tbereon, shall become additionallndebtednou of Borrower
<br />.!IeCOrOd bythls Deed ofl'rust. Ullless8orrower and Lender agr... to other t<rtllS of payment. sum amounts shall be payable upon notice from
<br />~ 10 Borrower ~paymenl thereof. and ,luoIl beat interest from the date uf disbursement at 'h~ rate payable from lime to time on
<br />~ principal liOOcr !be Not.. ullless payment of Int_ at ,uch rate would be "'''ttary to applicable law, in whicb event such amounU
<br />"-II beat lm..""".slbe llIshesl rate ponniulbIe under applicable law. Nothina contained in this paragraph 7 shall require Lender to irn:ur any
<br />t!lqICjlaeOf hike ...yattloll her.......se..
<br />.. .~ l.etlllil!<: maytl1ab or ....'" to be made UlUOItabl. entries upon and impectiotu of the Property. provided tlult Lender shall
<br />iii... Bon_ ootice prior to any sud1iupection 'p<cifYIna rou<snabIe cause. therefor related 10 Lender', lnt...... in the Property.
<br />f;. C.o_m1' T *'fll.. n. ~ ()f my Award O~ claim fqt diunlpS. ditKI Of ;:onsequeluia1. in conncdion with an)' C'ondemnadon I,)f
<br /><St1let ~!II tho ~W. Of paft ther....r, Of tor CODVCY_ in ~ of condem1latioo, are hereby asai&ned and .ball be paid l<l Lender.
<br />III tlMl.- t;f al~ WdI\I of lbe l'tu\><rtY.'M pr~ :duilll>t applied 10 the ""'" <<<ured by ,ITit Deed of Trusl. ",ilh the e.c.... if any.
<br />.... ..,_. IlIl_ ... of. pattioJ takm. of tM PtolIerty, utllao lIo<ft>w<!t and l.c.ndet otherw!.. Ilgtee in wniina, ther. $hall be applied
<br />to tho _ ~ by t!>1t Deed t;f T'tit ",,'h. ~ of 1M PI_cd> ." !. <'qual t(' that tmlJl""I"11l Io'.,d. ,n.: >molln! "r I"" 'Uol' """,,-..d
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