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<br />applicable law requires such interest to be paid. Lender shall not be require.d to pay Borrower any interest or earnings on the Funds. lender shall
<br />gIve to Borrower. without charge, an annual accounting of the Funds showing credits and debits 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 installments of Funds payable prior to the due dates of taxes,
<br />assessments. insurance premiums &nd ground rents, shall exceed the amount required to pay sai,d taxes. assessments. insurance premiums and
<br />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
<br />installments of Funds. If the amQunt of the Funds held by lender shall not be sufficient to pay taxes, assessments, insurance premiums and
<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 reques.ting payment thereof,
<br />Upon payment in fuU of aU sums secured. by this Deed of Trust. lender shall promptly refund to Borrower any Funds held by Lender. If
<br />under paragraph 18 hereof the Property IS sold or the Property is otherwise acquired by Lender, Lender shall apply, no later than immediately
<br />prior to the sale of the Propert! -i.Jr iiS aC\juisirlon by Lender, any Funds. heid by Lender at the time of application as a credit against-the sums
<br />s-ecured by this Deed of Trust
<br />3. ,",pplication or P.lmt'Dts. UniC55 app!!cable law prondes otherwise, all payments received by Lender underthe Note and paragraphs 1
<br />and 2 hereof shall be:' applied bv lender first in ~~ayment of amoums payable to Lender by &1rrower under paragtaph 2 hereof~ then to interest
<br />payable on the' Note. then to the pnn(1pal of the Note, and then to intere~t and principal on any Future Advances.
<br />4. Cba-.rges; IJrIl."i;. Bnrmwer ~haH pay all ta.l;CS, assessments and other charges. fines and impositions auribmable to the Property which
<br />may attain a priorny O....('f ttus Deed 01 Trust. a.'ld leasehold p.iymenrs or groui1d rems. If any, in the r:1anner provided undrr paragraph 2 hereof
<br />or, jf not paid in '-.uch manna. by Borrower i~laking payment. when du~, directly to the payee thereof. Borrower shall promptly furnish to
<br />Lender aU notice" of amOUlH~ due under thIS paragraph, and 1ft the C'vent Borrower shall make payment directly, Borrower shall promptly
<br />furnt\h to Lender rocclpts e-vldeJ1-cmg ~uch payments, Borrower shall promptly discharge any lien which has priority over this Deed of Trust;
<br />provided, thaI Borro-wer ..hail not be.": reqUIred 10 discharge- any <,ul;h hen so long as Borrower shall agree in writing to the payment of the
<br />obli~uon secured by ~uch hen m a manner ;!t:..-:ep-table to Lender, 0; ..,hall in good faith contest such lien by. or defend enforcement of such lien
<br />in,legal proceed~n[ts whu:h ope-nue to pre-..e-nt lhe~nforcemcm of the beu or forfeiture of the Property or any part thereof.
<br />S. Huard IUURDCe. Bmrowe. shail keep the tmprovt'mcn!s now e~lstlng or hereafter erected on the Property insured against loss by rue.
<br />hazards included wHhin ~hc: term de.'({(~nded (overage", and $ll('h other hazards as Lender may require and in such amounts and for such periods
<br />as Lender may reqUIre; provlde-d. Wal Lender ..ha.ij not requITe tha.! tne amount of such covc-ragt exceed that amount of coverage required to pay
<br />the sum,5 s.ecured bv thi~ {)eed of I rust.
<br />fhe' in-surancc carnet pruvidmg the If:sunm~:-c shall he ...:ho'.i~n bv Borrowt.'f 5,ubJect to approval by Lender; provided. that such approval
<br />\haU not be unreasonabiy '-I> nhheliL --'_il prel1lmm!i. on HlsuranCf fXJiicll:s "hall be paid in the manner provided under paragraph 2 hereof or, if not
<br />paid in ')uch manner, by jkXrt.ywl:'"-r mail.mil payment. when due. i,.hrectiy to the Insurance carrier,
<br />,\U insuran,:t: pdKl~ and renewal-., Wer~l.J! ..haJj t't: lfI h)rm ;i((emabk to L-c:oder and shall include a slandard mortgage: dause in favor of
<br />..:tno 10 fo-rm acceptable f1} 1 enu~r l.ender ,h.:i.lllM'i('" rhc ngta jl} b(\id the po!;oes and renewals tht;.':reof, and Borrower shall promptly furnish lO
<br />LetJder all r~n('wai nO[ll~e!> ani..! 4tH ,{"\..'c-lPl\ {,j l'~jd prcrmums_ in the c\-em ot lo'Ss, Borrower shaH give prompt notice to the insurance carrier and
<br />i_enaer_ !_cnder ma~- make rrool \'f \;.'''1\ 1;- mH mad~ prompt I\' hv MOrn.lWer
<br />lJnJess Lender and H..")fri)Wer oti'lc-rW1S(" as-Tl"'t': In wnting. lnsuran\:c Pf<:X'ccds sha.H be applied to restoration Of repair of the Property
<br />damaged. pto..-lded 'o.uch rCCitor,HlOl1 or fl:pa.H i\ cxunomlcally tca~Hbt(' and the s(1.;umy of this .Deed of Trust is not thereby impaired. If such
<br />te'StorlltlOO ur repair g not e<..:ononlll'iuh f~lbit' or if the \i,C('umy of rlm. [)e-eU Df [rust would be impaired, the insurance proceeds shl J De
<br />applied h) the .'\;um~ ';tXcred by Ihh l).;:cd 01 Tru:>i. with rhc ~:\CCS-S. 1! any, p:ud to Borrow('f. J( the Property IS abandoned by Borrower, or if
<br />Borrower fiub to ropon-d W l.emJt'T wlth,Hi 30 day!\' !rom lhe dale i'n)tl(:e n mailed by Lender 10 Borrower that the irnurance carrier offers to
<br />settle a daim tor m~Urance bend1h, Lendei 15- lluthofi-.-ted to L'dla.1. olntl apply ,he Insu(Jultt proceeds at Lender's option either to rcsloration Or
<br />repalr of th~ Propen;. Of In lh~ 'l-Uf'lU ..ecurtt.1l);' Om: [~Qi Truit.
<br />LJnl~ Ltlld-c1 and 1>orrtlwer \~thcnl'-l~ agree- in wnting, dny such apphClilJOn 01 pn>t.--ecds to pritldpaJ shall not extend or postpone the due
<br />date of the- monthly lUs.laHm(':m~ rd'erreti l'-~ If! p-ara&raphs i and 2 hereof or ..:hanec: [he amount of such installments. If under paragraph 18
<br />hereof lhe Propl:J1y 1'; OCqUHcC b~'- Lender. aU nght. mJe and Jmerot o-f .B~)rmwer in and to any insur~""e poli<.:ies. and in and to lhe proceeds
<br />thereof f~uhing from Jamage hJ:he Pl'opd1:~. pflor [0 the" Sale Of OIcquiS-ltion shall pass: to lender to the extent of the sums 5e\.."'"Ured by this Deed
<br />of Trusf immechau:1)' prior 10 ~lJ'.h ~e or a,;QU}SiUOll
<br />6. ~tloto.lId _"'_ ...( "-y: I_kia, ('..."...mlnl....; p_ UBlI Dffelo_all. Borrower shall keep the
<br />I~openy in gOO\i tet.'t&il and ~haH nOt (,:ntnnut WIU!'C or permit lmpatrmem or det~i()falion of the Property and shall comply with the provisions
<br />of any 1~ l.t tro; I.)ceU of T ru~t t$ on a l~h(}ld. if tht) {)(.oj of frwl l.lo on a Uf1j1 in a ,ondominium or a planned unit dC'Yelopmeol, Borrower
<br />..hall perfmm ail of BOnO'l't'Cf'S ,.)bugatiQM under the decianmon or ':OV1jlUlUU creating or go\'ernillj the condominium or planned unit
<br />dcvdopment, tbe by~la....s- and fej.uUttio-tl-s of tbe ~ondQnurLium or pianned unit de\ldopment, and constltuent doc.,'uments. If a condominium or
<br />plClllMd unn devd-opmem nder is.. C":X~Uled b)' Borrower- Md recorded together whh this Deed of Trust, the covenants and agreements of such
<br />nder shall ~ incorpl..Jf3ta! into and shalt ilffiend and mpplmlem the 1,,';J\'enants and agreements of this Deed. of Trust as if the rider were a part
<br />hereof.
<br />1. PnMectioa of l..ftIdef's Stald.y. If Borro~er fails (-U perform the ..;:ovenams and agreements contained in this Deed of Trust. or if any
<br />a'Ctwn Of rHxcedipt 1$ comm('(l\,:w wlll:~h matc.nally aHects Let1d('{.~ mtc:rcst in !.he Properly, including, but not limited lO, eminent domain,
<br />ituolvctK)'. -:odC'tnfOfccrncnt. or anaf}jefnenu. Of pflx:<<ding5 Hrvolvitllt i. bankrupt or deced~nt> th~n lender at Lender's option, upon notice
<br />to BonO\llrCf. may m.ke ~1Kh ilPpeata[\l,;:fi, t.iisburse ~u,h &u.t!U and take' such OKtion ou hi ot\:essary to protect Lender's imerest. includina. but
<br />!'lOt limited 10, d:r,burs(':mem of reasonable- attorflCY"s fees and emry upQn the Property to make repairs. If L-C'nder required mortsa8c insurance
<br />M a c-Ondinon of makini ihr h-.n ~urcd hy lhi~ lJeed of Trust. Borrowc.r ~haH pay the pr-erniums required to mainla1n such insuf1llli,"'C in effect
<br />until ~'"Ul..-:h lime A!i the:- [<<fuuC'ment for socii I!huranc-e teHmnates 10 ~ordance w1th Borrowcr'5 aud Lender's written agtedn~nt or applicable
<br />~'W:, 80Howct ~hall pii)' tilt' aIlKH.iDt of all mortgagC' lnSUlitn..:C prffil1UmS in thC' manner prQvided under p.aragraph 2. h-et-eoL
<br />Any :ut'KltUlU d_isbur-wd by l.-mdcr puauant to this paIav3ph i. with imerest thereon, l;ha11 become additional indebtedness. of Borrower
<br />~'lUed by trot Oeed of Trust. Unless Borrowef.mt t~ .,Jet' tQ other tt"fms of pa,ymrnl, ~uJ:h amounts shaH ~ payable upon noti~ from
<br />Lcooe1 to- Horrnwtr reQu-(-~i1tli1: pa}'lnc{H t1lff-cuf. iIlU ~h4i.U bait lmcf~t ffOm th-e date vf ~1t~bU{SC'mefH al the nne ~~yable from lime to time on
<br />l-"JUt.&U.uW:ns princip&i aodet ~h-lO Note unkis ~)"Thent of intat:il ~-i sU\:h r:Ue w\)uld br .comnry to apphabk law. m whkh e...-el\1 such amounts
<br />~ b!=u 1~(1-tm at the htl~t tate penmuiblt- UtlOO Ipphc-.abk .lA'll;, ~othlfli contained in thh pan,taph 7 shall require Lender to inl:Uf any
<br />t"'l-ptBW m take Ion)' JKt~on nef't'undet
<br />S. l~ tt:ndtr may lllM.h Of J,,:&Ui(' ~(l be made ft~f\l:lole entn,~ up\.}n a.nd insr~e\;'tion~ of the Pn1').'Jerty, I'fo-\,'idcd that t.ender 1\.ha1J
<br />11""( Bof-ro_tt' t~1tiOt' -prim to IUl). )u;,;h in:JptIl.;t)()rt ~~ffyi.ng reawMb1t- (au~e thefdOf rclat<<i to L-t'_nUef 's ml~ref,t m the fl'ropC'rty
<br />t-. (~,_ rl\c PI'~:<<'d1- of ~ny l\~arQ or cl..um h....t ;j~Hl~a, diftX"t ')f -"on!\i.cqUC'Jluu.i, In 'Conueo;lion wu:h iUt'f ..'lmdemmtuun .of
<br />t."Xt~t :I:.t.l-lnt- \..(!ft.t p_~~wt1", (H pan, I~rf'(-;lf. '--" f,)f l'\H"I\jn;u~<;(' 10 ht"u I)f (iJoUe-mMtJ.Of'i, Me' n("feo.y 1i,'!;.'H,nC'd and ':ihaH Of p&d to l emj('r
<br />f-n l~h~~ "J,t,:, loMJ nt..;;.~f'.qj. ~~! t~ P-rn:pt:riy, {~C r~H~-,~~ ~h,,!.J! ~ s.pp-h<;<.j h~ iht- 'H.:.m~ j\.~,,:_-uf~d by !hl.l. t~j oj. rnr~L ,-"ith the t'_W~'. if an,Y,
<br />t,~~d ttl' ~'H;'w~ tn {~~ ~'-rnl_ ;;>f ~ p.tli~ llthl14!, nf tht }:C>P;):f)CWI', l,j:d-~j; llj)ft{~"-e1 ,sfl\l L~f'jde-f {Hhi!t\l;'\~ ~!lrf(' H1 ..rniu$, rftr,rt' ..ball t.~ ;I\,-\p:I~
<br />;:~j- H~ l-1MWli 'fC(ci-rXW tn, ,1"/.>$- i >t<<! ~.J -rr~I ~Q(_h ~"!O-i.-\f~HH":~r.- i,.}f 1~ I:;H:ot:<<4ii~ A"- ~,,' t'>~-u<tl ~i_' jhil~ f-;:",If:k:<Hi-\_m \A-fw:n lhe llU}\}i-HH ~.t
<br /> 1~ "um!:> 1>eo:mt"l,i
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