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<br />84-- .J314 .... 84 --005273
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<br />applicable law requires such Int~reSl to l>f<p,aid, Lender shall not be required to pay floTrower any int~re,g.1 .\'[ ~~ on t~e Funds,. Lender shall
<br />give to Borrower, without charge, an annual accounting of the Funds showing credits ..nd debits q)tli,!! ~<lsi~lhe pul'lloSIH)r which each
<br />debit to the Funds was made, The Funds are pledged as additionalseeurity f6rthe 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 o{taxes,
<br />assessments, i_nsurance premiums and ground-rents. shall exceed the amount required to pay said taxes, ,assessments,,_ insurance .pretnjums Iql(l
<br />ground rents as tbey rail due, such excess shall be, at Borrower's option, either promptly teptlid to Borrower or crediled 10 Borrower C)n monthly
<br />insta!bnents of Funds. If t~ a..-rnount Qf the Funds held by L.t:mk! shall not be sufficient to pay taxes. assessment(jj ~~lsurance- premjums':aQd
<br />ground rents as they fall due, Borrower shall pay to Lender any amount necessary to make up tbe deficiency within 30 days fromthc.da!e'ootite
<br />is mailed by Lender to Borrower requesting payment thereor.
<br />Upon payment in rull of all sums secured by this Deed of Trust, Lender, shall promptly refund 10 Borrower eny Fundsheld.bycJ:.elldtr,Jf
<br />und~ paragraph 18 hereof the Proper!)' is s.old or th~ Property is otherwise acquired by Lender"; Lender shal!-apply,.no_lat~ dH!tl,i~y
<br />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 against m.. Stltns
<br />secured by this Deed oiTrus!.
<br />3, Application of Payments, Unless applicable law prov'Des o.herwise. all payments received by Lender under the Note and ~ 1
<br />and 2 hereof shall be applied by Lender first in payment of amounts payabie to Lender by Borrower under parqraph 2 hereof, thcnt6lntel'eilt.
<br />payable on the Note. then to The principal of the Note. and then to interest and principal on any Future Advances.
<br />4, ChlUllCS; Ll~ns, Borrower shail pay all taxes, assessments and other charges, fines and impositionsatlriblltllble to the ProPtro/:whieb~
<br />may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any; in the manner provided under paragral'h2'hereOf
<br />or, if not paid in such manner, by Borrower making payment. when due, directly to the payee tbereof, Borrower shall PfC)Il1ptlyftimllll'to
<br />Lender aU no.ices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shalt promptly
<br />furnish to Lender rece.p" evidencmg such payments, Borrower shall promptiy discharge any lien which has priority C)verthis Dcodb.f TtuSl;:
<br />prov;ded, .hat Borrower shall not be required 10 discharge any such lien so long as Borrower shall agree in writing tothepayment,ofthe
<br />cbuga~ion secured by such !i~~ !IT 3. !!'.a.T!ner accrpta.b!~ to lender, or shaH !!! gQ0d faith contest s!H:h lien by t or d~fmd ~fo~ (If $ldl-litm:
<br />in. legal proceedjngs which operate to prevent the enforcement of the tien or forfeiture of the Property or any part thereof.
<br />5, Hazard Insul'llnee. Borrower shall keep the improvements now exiSting or hereafter erected on the Property insured apinsr Iou. by file,
<br />hazards induded within the term "~x:tended cO\'e-FdSe". and such mher hazards as Lender may require and in such amounts and-for sucb-periods
<br />as Lender may reqUIre: provided. that Lt'nder shall not require that the amounf" nf 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 ins~rance shalll'e ohosen by ,~0W<. subjecllu approval by Lender; provided, Ihatsuch approvaL
<br />shall not be unrcp.sollabiy withheld. All premiums 011 Insurance policies shall be paid in the manner provided under parqraph 2 hereof or, ifoot
<br />paid in such manner, by Borrower making: payment. when due. directly to the insurance carrier.
<br />All tnsuraol"e policles aIld renewals thereof jhaH be in form acceptable to Lender and shall include a standard mortgage- clause in favor of
<br />and in rorm acceptable to Lender~ Lender shall haw .he right 10 hold the policies and renewals thereof, and Borrower shall promptly furnish 10
<br />Lender aU renewal nonces and ;.d i n.-ceipts of paId premiums. In the n---ent uf IOS~f Borrowt'r shall give prompt notice to tbe- insurance carrier and
<br />Lender" Lender may make proof of los:. I t not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shali be applied to resloration or repair of Ibe Propcrt)'
<br />damaged. provided. such resWf3{Jon or repair is economically feasibie a.nd the security oi this Deed oi Trust is not_ thereby impaircci.,jf such
<br />restoration Of rep.:UI i~ m.n t:\.uHt,nm...:aHy f('a\lble or It the security of thi~ Deed of Trust would be impaired. the insurance proceeds shall be
<br />applied to the sums ~ecllIed by this Deed of Trust. \liuh th~ excC3S, it any. paid to Borrower, If the Property is abandoned by Borrower. or if
<br />Borrower fails to respond 10 Lender Within 30 days from the date notice is mailed by Lender to Borrow,r that the insurance carrier offers to
<br />settle a claim for iusuran\.;e bent'iits, Lender IS authorized to c-OUect and apply the insurance proceeds at LendcrJs option either to restoration or
<br />repair of the Property or to the sum~ so.;ured b) this Deed of Trust.
<br />Unless Lender and Borrower \JtherWISC agre.: in wnting, any such application of proceeds to principal shall not extend or postpone \hedue
<br />dale of lhe monthlv ""tallment' refened 10 '" paragraphs I and 1 hereof or change the amounl of such installments, If under paragraph 18
<br />hereof the: Propeny ,$ aCqum:d tty L..:nJer, J.ii ,ight, tide and interest of Borrower in and to any insurance policies and in and to the proceeds
<br />thereof resulllllg from damage 10 Ihe Property priot to the sale or acquisillon shall pass to Lender to the extenl of the sums secured by this OIled
<br />ofTruS! immediately pnor {O l\.u~h s4..le ~)r a.;.;quisition.
<br />6. PraenaUoa and ""alDI......:e 01 Prupem; l..euebolds; CoadomlnlWllO; Plaued Unil Devtlop_lI. Borrower shall kellp the
<br />Property in ~\.xxi repair and '!ohalt fi\.H ..:-ommit wa.st~ llf permit impairment or deterioration of the Property and shall comply with the provisions
<br />of any k.ue if thiS lk-cJ ;)t TrUji i" ~"n a kiiM:hoki. :r ihi5 Deed ot 1.r~t is. (In d. urnt in a ~undvi"r.Ji1ium or a planned U.ilit development. Borrov.-'Ci'
<br />shall ~rform all of BorrtJwel"s llbhgdlion.'l under the da.:laration or t."twen.l!nt$ creating or governing the condominium or plani1ed unit
<br />development, the b}-laws and regulations of .he c'OudomlnlUm o. planned unit de.elopment. and constiluent docurmnts, If a condominium or
<br />planned unit development rider is e"",med by Borrower and recorded together with this Deed of Trust. the co.enants and agreemenls of such
<br />rider shail be incorporated into and shaH amend and suppiement the covenants and agreements of this Deed of Trust as if the rider were a part
<br />hereof.
<br />7. Prot~tiO-D of UDdff'~ Security. If BorrO'At"f fails to perform the covenants and agleeDl\!nts contained in this Deed of Trust, or if any
<br />OKtion or prl.~eedlIlg I'" ..-ommcrKt.'t1 \I,ihh:h mdlcna1!) affC1.:b Lender'" mterest In the Property, induding. but not limited to~ eminent domain,
<br />insolvency, ..:ode eo.for;,:ewt'm, U! -iIiangcment:>. or proceedin~~ H1\olving a bankrupt Of decedent. then Lender at Lender's option, upon notice
<br />tti SviTv'irCi", may m.ke J.u.:r. dpp.c.;u.u!~e5, Ji5Duh,c ,~u..-:h ::-..mti 4nd I.-a.i..~ ~u...h d....iiufl sL) i.:, iH;\';C;);)4fy i.u pfU\'I;\.l L('th.i~f'S tii.ieIoQi, induilit!j.
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<br />not limited to. d.isbursanem I.lf reas.onabJe auorney's fees artd entry upon the Property to make repairs, If Lender required mortgaae insurance
<br />as a condition of making the loan :secured by thIS Deed of Trust; Borrower shall pay the premiums required to maintain such insurance iq effect
<br />until sud~ time a... th.c rc-qu\tement tor m\:h inslJram:e ternHnal(-~ In a...-:\.:orUaol.'C wllh Borrower's and Lender's written agreement or appHcable
<br />law _ BorHl\4tf sha.ll pay the amuunt of all mongage ins.urau.;,;~ premium:). in the- manner provided under paragraph 2 hereof.
<br />Any amounts di'~burs.ed j;y Lender pursuant 10 this paragraph;. wlth interest thereon, shall bt\:ofUe additional indebtedness of Borrower
<br />~ured bey this, Deed of Trus!. Uniess Borro'i\>'er ami Lender a.ift't to other terms of payment, such amoufHS shall be payable upon notlel:' from
<br />l.-en.l,i(r w Borruwer f~q\lt"\tmg paymem ~herco:. and ~haU beal InlefC'!!.l frlHlllht' Jale l..lf disbur~emeni a.t the rate payable from time to time on
<br />outstanJl~ prinCIpal under !he Nott unle~s p..wrmmt of lfitereM at ~u\.<h rate \-I,',Juld he contrary to applicable law. in which event such amounts
<br />shaH bear intaC',,! lit the hiH-he~t Hiott pennis'iible undtr applil:abh..'law. Nothing .:untamed in lhis paragraph "7 shall require Lender to im:ul' any
<br />e\pt"lu,-C' Qf take d,n" Ui,;t1on he-re-lllHj~r
<br />I. ttupC"CUofl. l.~nd<,r may maKe' or ,'dUSt;' 10 he made Ft-ii.Mmable l'mf!C'~ upon and Ubf)<<'IWtlS 01 the Property, prondcd that Lender shaH
<br />gHe- !kIHower notl4:t' f"fl\\f to any SiKh H\Sf.'lf..""!.:tioH :;re...-Jfyini !t:"a.'\onabl-c..'3Uf.l:' ther(f;;lf rdated tu Lendcof'slmerest in the- Property
<br />t( (:~9d"fm-!\ltli-oa. Ptt ~,t;,","-L"'t'Jt, ,..f {'O', :~w;1;d t1<f ('bmD for Jam;!~ft,. diH'-...'l "t ,"nll~::-q\lentia!, 1~1 l"L'nnt"\:!lt~n With any ..:"\..H\Jemnalwll \.'r
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<br />tJ~h-e: td:,mi (;! ~h(' PnJ;~!t~, ~i1 ~1-t.n :ht:a':,,ll, -;~t hi;" ';-i..l-n"'-n;:Uh~;;,~ .n !iel. i\f ::,mJcnm-iilltH;' ..:.r::- he;eb::- ~;,-:~lgr;.:-J a:1.J ",-haH be p~K! to- i
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<br />iOlne ~"'~n! ui a ~,;ll\i ti4lonkf pi tilt; nor<>:n:\. \ht: P[()i,.~rt.Js ~ht!U r1'(' applie\l to t!l~ \ufn5. '~(:t;me-d tw tin.. Ue-cJ. r,t l'ruM, \\-ltt! {he (''-..::t'',~. If ;.HI)'.
<br />rnuJ 1.0 J\on;h'l't't 111 !!}t nt::"!1:, \,\1 a PiHhi:l! l~il.mg o! tht Pror<ft}, "ntk~;s H<;Jtn.Jwer and [,c!Kk-! \1~ht'r\\\<;.t ,*-~r<,t' 111 \-\nnH~. 1hl:Ctt "haH b-e- .ipphe-d
<br />10 the '+i.H'h~ ,,~,',;~('d 01' ~h",_, Ot'C'J j '.nt!"] ;'H,;j'hH:~.)n dt I~H' pri.;'~~"4_h ~\,,;<; eqtH\ll::' fh.H plPi...;r,!lll~ ,...h,,:h lh(. "lOll,lUII1 ,_q :hf." '-Uf1l\ \{'\.\IH";(j
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