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<br />applicable law requires such interest to he paid, Lender shaD not be required to pay Borrower any interest or earnings on the Funds. LeDdenlla1l
<br />give to Borrower, without charge, an annual accounting of the Funds showing credits..nd debits to Ibe Funds aDd the purpoaefor wbicheadl
<br />debit to the Funds was made. The Funds are pledged as additional s<<Urity 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 pajrable prior to theduedateiJOf Iau$,
<br />assessments. insurance premiums and ground rents, shaIl exceed the amount required to pay sai.d tllMS. -. i~~~; .
<br />ground rents as they fall due, such excess shall be, a~ Borrower's option. eilher prOlll/)lly repaid to Borrower or Cl1Idited to BorrowerccOlnllOlftfJi" ;
<br />installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes~ _"~Iln!alilulluqllt:.
<br />ground rents as they fall due. Borrower sball pay to Lender any amount necessary to malte up the deficiellcy within 36daysfrbllt~~~
<br />is mailed by Lender to Borrower requesting payment thereof,
<br />Upon payment in fuU of all sums stcllred by this Deed of Trust. Lender shall promptly refund to Borrower any I'wldc ~tlY~;"If'
<br />under paragraph 18 hereof the Property is sold or the Property is otherwi$C acquired by Lender. Lender s.ltallapply, no l.tef'tbllD'~.~
<br />prior to the sale or the Property or ilS acquisition by Lender, any Funds held by Lender at the time of applicatiOll as a creditllaillilt.tIie;.wBf:;
<br />secured by tlUs Deed of Trus!.
<br />3. Applkallon of PayJllellts. Unless applicable law provid.. otherwise, all payments r<<cived by Lender under the Noklllld Jllll'lIIDI-+
<br />and 2 hereof ,hall be applied by Lender firs! in pa)'IIIeIlt of amounts payable to Lender by Borrower under parqrapb2 hereof, thentO:iIIleNl!t: .
<br />payable on the NOle, then to the principal of the Note, and then to interest and principal on any Future Advances.
<br />4, ChlllJlS; Uns. Borrower shall pay all t..... assessments and other charges, fines and impositiona attributable to the ProJ:wirtYWh!dl"
<br />may altain a priority over this Deed of Trust, and Iea.oehold payments or ground rents, if any. in the manner provided under ~'2~f
<br />~. !f !'\..o! ~d 1!! ~!1ch ma..l1~!', {:Iy fk,rr~~ ~!dp-: pa~~t. when du~. rlir~Jy to-!M ~~ ~_ ~ !!~ ~_~~:
<br />Lender all "otices <>f amounts due under tllis paragrapb, and in Ibe event Borrower shall make payment dircedy. Ilorrowersball~'" '
<br />furnish to Lender receipt; evi~neing such payments. Borrower ,hall promptly discharge any lien which has priority over tbl&Dee40f/r~
<br />prov"led, !bat Borrower shail not be reqUIred (0 discharge any such lien so long as Borrower shall qree in writingtotheP\lyment.oftl!li:,
<br />obliganon secured by such lien in a manner acceptable to under. or shall in good faith cnntesl such lien by, or defeod em_:of sudllial
<br />in, legal proceedings wbicb operate 10 prevenl the enforcc:mertt of tbe lien or f orfeilure of the Property or any part thereof,
<br />5, H.......I_, Borrower ,hall keep the improvements now existing or hereafter erected on the Property insured apiDstlossbyflte.
<br />hazards Included within Ihe lerm . 'extended coverage", and sucb olber hazards as LetlJ:'." may require and in such lIlIlOUllt& ami fOl"SVllbperiods'
<br />.. Lender may requi~; prOVIded, tbat Lender shall not require that tM amo",,! of ,1.>.;".. . erageexceod'~ .;ttamOlU1t ofcov......requlredtoJillY
<br />the 'urns sa:med by tbi, Deed <>f Tru,,-
<br />The ,"SUlance "",ner providing !he "",uratlCe ,hall be chosen by Borrower subject to approval by Lender; provided, tI!at suchlllll!t'<Mll
<br />shall 'lOt be unrea,onably "'tbheld, All premiums on in.surance polic,es sball be paid in the manner provided under J>lIt&I.fItl)It 2 hereof or,lf1lOt
<br />paid in such manner. by Borrow-er making payment. w~ due. dirtttly to the jnsu.r~ carrier.
<br />All imurance pohdes and renewals therro! ,ball be In rorm acceptable to Lender and shall include a standard mortaa3e <:I_infavor of
<br />and III form o."eptaol. to Lender, Lend", ,hall ha,'e ,he nght to hold the policies and renewals thereof, and Borrower shaIlprompdy fUl'llisbto
<br />Lender all renewal ".'Iices amI all :"""'pts ot paid prc:mlUms. In the event of 1_. Borrower shall give prompt notice to the lnslllllll<>>ClIf\'lerand
<br />Lender. Lenda may mak.e prout of los~ If not made promptly by Borrower.
<br />UnJes. Lender and Borrower ",herwi.. ..."" In wnting. insurance proceeds shaI.1 he applied to restoration or repair of the Property
<br />damaged, provided such resto,,,"on or '<:;>au" c<oonnmn;ally' feasible and tb. securily of this Deed of Trust is not thereby impaired. If tuch
<br />r...oration or reptUr " no. ec'Ollum:<:ally fca.1Ible or ir the >Ceurity of thi. Deed of TrusI would be impaired. tbe lnsurallCe ~ shall be
<br />applied tt) ,t.< 'W1l> ..,.~"red by '/11' Deed oj T nn" w.~h ,,><: exc_. If any, pald to Borrower, If the Property is ai>andontod by Borrower, Of if
<br />Bono-....et falls 10 ft"li,pond tl'} Lender wuhin 30 daY1 from the date nOh~ is mailed by Lender to Borrower tMt the intJ.lt8JlCe car:riet offers to
<br />""ti. a claim f<>r IDsurM<< be""!!,,, Lender" authollled to collect and appiy tbe insurance proceeds al Lender's option either to teStoratiOll or
<br />repair of th~ Property Ot' to {fit' sum~ secured by this LlttU of Trust.
<br />UIlI"", Lender and Borrower ,,!h'IW,,", 1ljI.l" in writing, any such applicauon of pr<x;ceds to principal.ball DOl extend or postpone the d~
<br />date of t"" .."nWy mst.aJlments ref<trcd 10 In pasaarapru. I and 2 bereof Ot change the amount of such installments. If under parlllP'&Ph 18
<br />hereof the Pt'op<<ty is llC<jul!<xl by Lender, all nght, !ide and imer... or Borrower in and to any insurance policies ami in and to the proceed$
<br />Ihereof m,ulling from <lallUlt.e \0 .he Property prior lO the Wlle or llCQut&tion .haIl pas.$ 10 Lender to the extenl of the sums oecured by thb Deed
<br />of TTl..U.t immediatdy prior to such we- or il'Qwsition,
<br />6, ~ IUIlI Mal_ 01 Pf9tootty; IAlIMloGldI; CoadomllIlII_; I'ItlaJMd Unit ~ta. Borrower sbaIIlteep the
<br />Property in good r'palr and sbJUI not commit wasle or permit impairment or deleriorati"" of the Property and shall comply with the proviOOllll
<br />of any lea.. ,1' tlus Deed of 1'''''1'' "u . i.....hold, if ,Ius Deed of Tru.t is on a unit in a condominium or. planned unil development, Borrower
<br />shaIl perf"'ID all of Borrower's OOltp.tiollS under the declaration Of covenants creating or governina the condominium or pIuuled unit
<br />devdopment. the by-law. and r"8u1a1l011S of the mndomilllWll Of planned unit development, and COIIStiluenl documents, If a condomisium or
<br />planned unil develOpment nder is """"uted by Borrowe! and recorded together with this Deed of Trust, the COYllIIAJIts and agreements of such
<br />rider .ball be ,rn:'Otporated imo and shaU ameru.l and sUPPk:men1 .b. covenant.> and ..r..ments of ~IUS Deed of Trust as if the rider wer. a pari
<br />hereof.
<br />" "-tloa of '-'j Seaarity. If Borrower fails!O perfoffillhe covenants 8!Id agreements contained in this Deed of Trusl, or if any
<br />acuon or priX.'<<dloi is ("OmIDetk.'ed which nuucnaUy aff<<tj Lender's l.nleres.t in the Propcr1Y. including. but not limited to, eminent domain~
<br />insol....eru:y. codt cnlOtament. or ilfraqtm(tH..s or pnx::eedinss invol\1ins. a bankrupt Of decedent. then Lender ill Lender's option. upon notice
<br />to &rn'!:OWfi. may make \t!ch appcara.&~'eS~ dJibune 5.~ sums and take such &."'tion as j:J ~ to protect Lender's interest, indudlng. but
<br />1'lOt iimitcd. [Q~ dis-buriemC'nt oj" rcasonabie llUorney's ft'e$ and enu)" upon the Property to make repairs, If Lender required mortpte in$uraJlU
<br />lIS a ,'O!>dition of making.he loan =ured by this lleed of Trust, Borrower ,hall pay lhe plenuum' required 10 maintain such insurance in effect
<br />Wlt.ll ~och mne as the ,r"tqLurcmenl fOJ s-och UlS-UraJlce tennin.atcs m al..\,."Qrdance with Borfowcr'~ and Lcnder'~ \\'Tjtten qreeme:nt or applicable
<br />law" Burr-owtT $fuU} pay {he arooum ()f all mon~ !.ruiUlaftCe premiu.mi in 'lhe manner provided under paragraph 2 hereof.
<br />Any amowu. di.bur.<<J by Lender pu,.....'" EO thi. paraJraph 7, with inter... t.hereon. ,hail ",",onl. addilional in~b.ednes. of Borrowe,
<br />","ured by tbis o..c.J of TN". Unles> Borrower and Lmder lljI.l..to other tertm of payment, such amounts .hall be payable upon flotice rmm
<br />t.cndel: to llorn,)\lI;"(f requesti.ng paYlUent f_hereof. and ihaU ~ mt-cu:~t from the dat~ of disbursement aI the fine payabJe (rom time to time on
<br />ow.:'tan6io, prindpaj under tile ~e un~ payment l)f interest at sw.:h rale would be coolrary to applicable law. in wm<:h event ,u-ch am-ounL~
<br />.w """" tn\,ercst .1 the !lillbe<t 'ale perltliMibl. under applicable lalO, No~lIifli cont.ained llIlhlS palaJraph 7 ,hall require Leruler to 1IKUt any
<br />e"l'<"1'" <Jl l1llt. atl). lICt_ ilMeunder.
<br />., ............' 1.<<nlIet llIlIY Ill.i.IIe 01 e_ to be made leasonable ""tli.. upon and in,,,,,,,tiolls of the l'ropcrty, pro,'ided that Lender sball
<br />>'''' Bort<_ notl<'>t i'f'Q;' U) my _1\ i~iorl.pecifylflli r....;unable ,,,.,... th....f", 'mled 10 Lender', inler... in.he Propeny,
<br />.-. (:e.~R:I_ fiCi~.. 'f~ P;'(J(~s vf a.ny aWG.td m daim for daQla!&~. (hfe\:"t ~~r (:u1l:.:Kquenttal. in ;.,':Onn~tio-n \Jrit.h any nmdCfiu,.t,H..H1 ur
<br />~,~ tuiDl of 1~ Pttlj)tfl)', l1f t*n thtteof, (U for ~t}:n"e~filn..:~ Hl llt"u of co--uQelnnau-\ln, arC" hereby tU-~~ 4lW ~h.H be pai4i to Ler1d('t
<br />11t t~ ~r.fUvf a ~~,n:-ei tlIkin,-nftn-t f'"fopert!f. the p'"(XCe(b ihRit tllt'a~i<<j to the 'urn;. ~.""U:ned by th.:n l>eeUut fru-.sc \\fiHl l,he e"(-e~1\.. dany,
<br />_~..... ~_ ...._L_____~ '-_ .'--~ ,_... _. .
<br />~ H.> "-'"'~~V'~, H~ H~~!t!:!t m ~ P'tit-~ H~:;U.;;: :'to{"-Ff-Qj';>;i;;t;;)', ~mk""~ 3t!fh:"-'r.;'~f ~"v,j L;;;:r~' ~)tt'"~'iii<1.~4fct Uj wni:jn~. ~htfi" ..haa N- ttpplJW
<br />;,I>, U1lf; ~a{~" ~'(,"u-;-'fd b)' ~~ f~ >J''4 lhu,{ !I:~j,::h !)fftp'}.fHun n-f tht pf("'""-t:~ Al_~ i,~ ~qU.l.\t l;) {haf Pf{)fi"(WUtJn wh:i-d', tht' ,iUm:'Uf!1 ,.{ ihr: :\.mtl:f "tX~U:r~d
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