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<br />83- 006659
<br />applicable law requires such interest'lo be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender sltall
<br />give to Borrower, without charge. an annual accounting of the Funds showing credits 4illd debits to the Funds and the purpose for which each
<br />debit to the Fund~ was made. The Funds are pledged as additional security for the sums secured by this Deed of Trust.
<br />r If the amount of the Funds held by Lender. together with the fmure monthly installments of Funds payable prior to the due dates of taxes~
<br />I assessments. insurance premiums and ground rents, shall exceed the amount required to pay saW taxes. assessments, insurance premiums and
<br />ground rents as they faU due, such u:cess shaH be, at Borrower's option, either prcmpdy repaid to Borrower or credited to Borrower on monthly
<br />installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments. insurance premiums and
<br />ground rents as t.hey fall due. Born..l-wer 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 swm secured by this Deed of Trust. lender shall promptly refund to Borrower any Funds hold by Lender. If
<br />under paragraph j g hereof the Propeny is sold or the Property is. otherwi~ acquired by Lender. Lender shall apply, no later than immediately
<br />prior to the sale of the Property or I!S a-.:quisirion by Lender. any Funds held by lender at the time of application as a credit against the sums
<br />secured by this Deed of Tru,n.
<br />3. Application of Payments. Unless applIcable law provides otherwise. all payments received by Lender under the Note and paragraphs 1
<br />and :2 hereof shaH be applied by Lender first in payment of nmount~ payable lO Lender by BorrO-wer under paragraph 2 hereof. then to interest
<br />payable on the Note. then to [he pnndpal of the Note, and then w interest and principal on any Furure Advances.
<br />4. Chaf1e: Liem. Borrower shaU pay all ta.'ies, assessments and other charges, fines and impositions attributable to the Property which
<br />may anain a priQrity over this l)eerl of Trust, and leasehold paymems or ground rena. jf any, in the manner provided under paragraph 2 hereof
<br />or. if not paid in .\uch manner, by Borrower making payment, whl:n dut. directly to the payee thereof. Borrower shall promptly furnish to
<br />LendC:f all nmkes of amounts due under this paragraph, and In the evenr Borrower shall make payment directly, Borrower shall promptly
<br />furmsh to Lender nxeipfs c'ndenclnj!: su,,'h payments, Borrower shall promptly discharge any lien which has priority over this Deed of Trust;
<br />provided. that Bor:"ower shaH not be required to di..<>chargt any ';Uch lien so long as Borrower shall agree in writing to the payment of the
<br />obligation secured br such hen m a manner .H.:cept-able to Lt~nder, Of shall in!l;ood faith contest such lien by. or defend enforcement of such lien
<br />in.l~at proceedings which ope-rate to prevent the enton::emem of the lien or forfeiwre of the Property or any pan thereof.
<br />5. Hazard Jd5U.rsan~ Borft~wer shaH k~ the impro\-'emenr", now C'xlstinl/; or hereafter erected on the Propeny insured against Joss by rlIe,
<br />hazards induded within the lenn "extended coverage". and such Nher hazards as Lender may require and in such amounts and for such periods
<br />as Lender may reqUire; pro...';oed. thaI tender shaH not reqUlfI: that the amount of such coverage exceed that amount of coverage required to pay
<br />the s.ums s<<ured by fhis [ked \)1 [rus.!
<br />me insurancr c-arner pronding the IIlsuram:e shall he t:ho~en bv Borrower subject to approval by Lender: provided, that such approvaJ
<br />"hall not be unn:.a.s:onabl';o' withheld. Ail premIUms on in\urance polk!e\ ~hall be paid in the manner provided under paragraph 2 hereof or, if not
<br />paid in such manrn:r, b-y Uorw,,"er makmg payment, when due, Jrrectlvlo the insurance carner.
<br />All insuran-cC' !X'11C-!C5 .1Od renewah there-o! ;;haH be In form ac...~cptable 10 Lender and shalt include a standard mortgage dause in favor of
<br />~nd in form ar.:':t'plshk to LtnJcr, Ll..'fid('r \hali have the n~tH I,) hold lhc polH.:le'\ and renewals thereof. and Borrower shall promptly furnish to
<br />I.~nd('r all renewai 11Oll('(''\ anu ali re-ccIPl~ of ixud p-renu.um_,. In the- evetH ~ll 10"\, Borrower shall ~jve prompt notice to the jnsurance carrier and
<br />LendCI. Lender may make pn:ml ollq\~ li /HH made promPlly by HOrr0\1.'t."f
<br />UnlCM: Lender and aono....'t'~ o~herwlYe agree In writinll. m5-unmce proceeds- shaU be apphed to restoration or repair of the Properly
<br />damaged. provlde-d such !ffioratJon or repalf i\ ~\XlDomJCar feasible and the security of this Deed of Trust is not thereby impaired. If such
<br />restoration or iepa.tf t~ no! r-o..:onoffilcail>,.' feasible or it the $CI.-'Urity of tha Deed of Trust would be impaired. the insurance proceeds shall be
<br />applied to the 5-ums ~c..:-ured hy this iked {II Trust. wifh the e-xces..\, if any, paid to Borrower, If the Property is abandoned by Borro'~ ar if
<br />Borrower fails to re'lpond II} Lend('f ""nhin 30 da'l~ from the datt: nO-Oct n. mailed by Ltnder to Borrower that the insurance carrier of .C:I'S to
<br />settJe a claim tor ms.uranc-c ~ne-tif.\-. Lend<< is IUlhonLel.l to l..::oH<<.1 and appiy th~ msuram.'C proceeds at Lender's option cither to restoration Qr
<br />f~r of the PI0-pe:ny or to the sana sei...'Ured by this Dc:ed of Trust
<br />Unleu Leno<< and Borro""~ mh~lse qItt' to ~Tiling, any such applkauon of prOt."'eeds ro principal .shaH not extend or postpone the due
<br />date of the monthly instaHmcm.s rdern:d w m paraJfaptn i and 2 harof or <:hange [he amount of such installments. If under paragraph 18
<br />hereof th~ Pm~~' IS acquir('(j b~' Lendn'. all fisht, rille and interest of BorrowC'f in and to any Insurance policies and in and to the proceed!
<br />thereof resulting from c1ama.B:e to the PfL"PCTl)' prior to the sale Of acqu15,ition :shaH pass to Lender to the extent of the sums secured by this Deed
<br />of Trust immediately prior to such s.ak or acquISition.
<br />6. ~ _ M.~ or Property; ~; CuDdomllll....; Pla._ Villi o..nIo_lI. Borrower shaD koop lhe
<br />Property in good rep.lt1f and shaH not \:ommit waste- {"Ir permit nnpaJrment or dl:1erioration of the Propeny and shall comply with the- provisions
<br />of any lease If Uns {)ud l."lt Trust IS on a leasehold. if thIS ~ of rruJ[ IS on a unn in a condominium or a planned unit development. Borrower
<br />shall perform all \Jf 8ofTOWd"S Qbbgations under the declaration or co\'coanu, creating: or governing the condominium or planned unJt
<br />devdopmmt. l~ t-y.law-s and r~ula.hons. of the condominium Of pjanned UnIt d~"-etopmcn~. and constituent documents, If a condominium or
<br />planned unit dt-vclopment rider is ex<<uted by Borrow<< and recorded togrther with this r.>eed of Trust, the covenants and agreements of such
<br />rider shall bft inrorpt"fratC'd into and ShAll am~nd and supplement the CQ...enan~ and agreements of this Deed of Trust as if the rider were a pan
<br />hor<<>f.
<br />1. ProtKtioa of Leader's Secwrity. if Borrower faib to perform ~he covenants and agreements contained in this Deed of Trust. or if any
<br />action or proct'e\ima is comm.mced which matenaUy aHC"Cls lender's inte,rest m th(" Property. including, bur nOI limited to. eminent domain,
<br />insolvency, code: t'ufo!ceIllcn!, or arra,ng-ements Of proceedings involving a banlrupt or de<."Cdent, then Lender at Le:nder's option. upon nollce
<br />to Bortvwu. may make such a-ppearant."CS, aisburw such sums and take such action as is necessary (0 protect Lender's interest. including, but
<br />not litnikd to. disbuoement of reasonable attorney's fees: and entry upon the Property to ma1tc repairs. If Lender r~uired morlgq,t Insuraru:e
<br />iU a condition of making the lOAn ~<<:urro by this Deed of Trust, Borrower shall pay the: premiums required to maintain iilCh insurance in effect
<br />until $\K..h umc:: a.s the rc:quurn1e-ut for such ins.urance terminates in a(Xordancc With Borrower's and lender's written agreement or applicable
<br />la...., B<<n.'"WeT m&U pay th~ anlO\iot of aU mo-rta;qc ins-ucanet' premiums jn the manner provided under PM8.llraph 2 hereof.
<br />Any amU\lnb disbuncd b)' L.."':fidcr pursuant to this Pill8l1-8p-h 7. with in!t'~t thereon, shall b<<ome additional indebtedness of Borrower
<br />~ by this Deed of TrulIL Unless Borrower and Lender &JR'C to other ferm:!; of payment. sU\..'h amounts shall be- payable upon notice- from
<br />Lmda to Borrl)w~ requ~tHlI payment thereof. arnt -shall bear Hucrest from the date of disbur~mmt at the ratc rJ;Ylble from time to time on
<br />out&tlndina pnm.'ipal under the Not-C' u-n~, PIi.ymnlt -of intel't:!Il at SIleo rale .'ouJd be contrary to applkablt law, in whlch event such amOUnlS
<br />.1baJl beat intetat at the h--'ihnt late pt:rmi$.s:ible under appbQbk law, Nothina eontained in thjs par-agr-apb ": shall require Lender to incur any
<br />Qll'CSKw ,.ILt In, ~ ht.tNndtr
<br />I. I~. Lmdet m.y make or t:&wt to be made feuooable ~ntrln Upotl and inspectIons uf th~ Property, provided that Lendff ~aJl
<br />Ct"f: Born..,.. ~ prKN' 10 any $uch '_M~tion )pecityifll fcuonabt.e cau~ t.hcrefor telaled to Lender'''llnlernt in the Property
<br />t. (~~!"he- ft!0l.'<<d5 of any awa.rd Ot dAim for d~n., direct qr ;.:onsequentud, in ,onflC\.'Uon with sny ~Qndemnatl(1t1 or
<br />\2lCfte1 tfdu,* 01 t.hc- Pn:~ty. or J'liltl tbt'f~)-f, N ft'Of (,'OOve<\i'Il-m.'e' m beu {Jf t'ofidemnauon. Arc Rer-ebv a$,'f-I$n<<1 and 5-hAfI be patd to Lender.
<br />In l.~f"ilft't(: {.1f ~ I~_.t t-lkt"lofthf. Ptt~t)'. tht' ~nQ(.~ lIhali bto-appiied to th~!o-um'l ~r<<l b) thl5-I)c-oj 01' 1:0\1. \\Hh the e;\ce!'.s. if an)',
<br />~hJl"'lfn~ .In ~hc t"'l>'fttit ()f a lNU1tai ui.kmJo(tht': PrL'lpen). unln, Uorh,>_"t'f ;I,ud l.t-fl(!er mherwl!C lil.gf't'It in wnting. th{'f(" :;.haU bt' llpplt('d
<br />~;, tne "'U~ "~'I.(ttid br Hth i~ i)f ftU$t \-'K'h: p10pot(IOO 01 ~ht- pft't(,'~b in t" ('Qual W ~ha( r-ft~!ftmn wh~\':h the- amount ,,1 ~h(' !O.UHl~ ~~'uteJ
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