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<br />84 - 006176
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<br />applicable"", requiJ'asneh interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds, Lender shall
<br />give to Borrower. 'i.hhout charge, an annual accounting of the Funds showIng credits 4nd debits to the r'unds and the plirpose for which each
<br />debit to the Funds was made. The Fun4s are pledged as additional security for the sums secured by this Deed uf Trust.
<br />J f 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 and ground rents, shall eJlceed the amount required to pay said taxes, assessments, insuram:e premiums and
<br />ground rents as they fall due. such eJtCess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly
<br />installmen~s 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 they faU due, Borrower shall pay to Lender any amount necessary to make up the deficiency wilhin 30 days from the date notice
<br />is mailed by Lender [0 Borrower requesting payment thereoL
<br />Upon j)a}=l in full of all sums secured by this Deed of Trust, Lender s!1all promptly refund to Borrower any Funds heW by Lender. If
<br />under paragraph Ig hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply, no later than im~atcly
<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 agai.pstthe sums
<br />secured by this Deed of Trust.
<br />3, AppU<Adon of PlymealA, Unless applicable law provides otherwise. all payments received by Lender under the Note and paragraphs I
<br />and 2 hereof shall he applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then ~o interest
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<br />payahle on the Note. then iG the priilciDal of the Note. mId then to ffit~fest And pruldpal on 41IY FULUff Adv1ffiiXS.
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<br />4, Charxes; LIens. Borrower shall pay all taxes. assessments and other charges, fines and impositions attributable to the Property whkb
<br />may attain a priority over this Deed of Trust, 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 Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to
<br />Lender all notices of amounts due under this paragraph, and in the evem Borrower shall make payment directly, Borrower shall promptly
<br />furnish to Lender receipts evidencing such payments, Borrower shall promptly discharge any lien which has priority over this Deed of Trust;
<br />provided, that Borrower shall not he 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 acceptable to Lender, or shall in good faith contest such lien by, or defend enforcement of suchtion
<br />in, legal proceedings which operate lO prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br />5. Hazard !DSU.~4 Borrow~r shall kttp the improvements now ~xi~t~(1g ,.j ;'\-~ -I~fte:r erected or the Property insured against loss ,by fire4
<br />hazards included within the term "extended coverag.e". a,ad suc.;n oth~r h~~'. i~ }-_ Lende_, "na}' reqUire and in such amounts and for such periods
<br />as Lender may req1!.ire: provided. that Lender ~hail nm rf"-_i~!ir-l;.' that the a.1.~""";'lt of such covera!le exceed that amount of coverage required to pay
<br />the sums secured by this Deed of Trust,
<br />Th~ insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that such .approvaJ
<br />,hall not be unreasonably withheld, All premiums on insurance policies shall be paid in the manner provided under paragraph 2 hereof or, if not
<br />paid in such manner, by Borrower making payment, when dlle. directly to the insurance carrier,
<br />AU insurance policies and renewals thereof shall be in form acceptable to Lender and s!1all include a standard mortgage clause in favor of
<br />and m fonn acceptable to Lender, Lender shall have the right to hold the policies and renewals thereof. and Borrower shall promptly furnish to
<br />lender aU renewal notices and all r~~jPt:5- nf paid pr...mjum", {n foe event of loss, Borrower shall give prompt notice to the insurance carrier and
<br />Lender. Lender may make proof of loss if not made promptly by Borrower,
<br />Unless Lender and Borrower otherwise agree in writing, imurance proc'eeds shall be applied to restoration or repair of the Property
<br />damaged. provided such restoration or repair is economically feasible and the security of this Deed of Trust is not thereby impaired. If such
<br />restoration or repair is nOI economically feasible or if the s",..urity of this Deed of Trust would be impaired, the insurance proceeds shall be
<br />applted to the sums secured by this Deed of Trust. with the excess, if any, paid to Borrower, If the Property is abandoned by Borrower. or if
<br />Borrower fails to respond to Lender within 30 day, from the dale notice is mailed by Lender to Borrower that the insurance Cl\l'rier offers to
<br />"'ttle a claim ror insurance benefits, Lender is authorized to collect and apply tbe insurance proceeds at Lender'S option eitber to restoration or
<br />repaIr of the Property or to the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwi>e agree in writing, any such application of proceeds to principai shall not exlend or postpOne the due
<br />date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of such instalJments, If under paragraph 18
<br />hereof the Property is acquh~ by Lender ~ all right. title and inunest of Borrower in and to arty insurance policies nnd in 3.4,d to tbe pro=ed.s
<br />thereof resulting from damage to the Property prior to the sale or acquisition shall pass to Lender to the extent of the sums secured by this Deed
<br />of Trust im.'llediltely prior to such sale or acquisition.
<br />6, Presen8llou lIIIli MaialeUaee of Property; LeudJoIcIll; CondodliDb.lllS; PI..."od Villi Develup_ts, Bortow.r sball keep the
<br />Property in good repair and shall not commil waste or permit impairment or deterioration of the Property and shall ooml'ly with the provisiOns
<br />of any lease if this Deed 0; Trust is on a leasehold. If this Deed of Trust is on a unit in a condominium or a planned unit development, Borrower
<br />,hall perform all of Borrower's obligations under the declaration or covenants creating or governing the oondominium or planned unit
<br />development. the by-laws and regulations of the condominium or planned unit development, and constituent documents, If a condominium or
<br />planned unit development rider is executed by Borrower and recorded together with this Deed of Trust. the covenants and agr""ments of such
<br />rider shaJI be incorpora~ed into and shall amend and suppl.ement the c<>venants and agreement> of this Deed of Trust as if the rider were a part
<br />hereoL
<br />7, ProtOdiOll of Leader', ~Iy. If Borrower fail. to perform the covenants and agr""ments contained in this Deed of Trust, or if any
<br />action or proceeding is commenced wiJicn ma.trniUiy iAfirxb Lc-uuer'5 ini..C"r~t in (in: r,ope-riy. h:u~lu-diug~ but BUt llliiitt=ti to. Clnili..;iH d(iillGiii.
<br />msolven..-y. code enforcement, or arrangements or proceedings involving a bankrupt or decedent, then Lender at Lencer's option, upon notice
<br />to Borrower. may make such appearances, disburse such sums and take such action as is necessary to protect Lender's interest. including. but
<br />not limited 10. disbursement or reasonable attorney's fees and entry upon the Property to make repairs, If Lender required mortgage insuran,-.:
<br /><.'i."I a condition of makina the loan secured by this Deed of Trust, Borrower shaH pay the premiums required to maintain such insurance in effecr
<br />untU such time as the requirement for such in.,urance taminates in accordance with Borrower's and Lender's written agreement or applicable
<br />law, Borrower shall pay the amount or all mortgage insurlltlce premiums in the manlier provided uoder paragraph 2 hereof.
<br />Any amounts disb-MSed by L.,~d pursuant to this paragraph 7. with interest thereon. shall ~ome additional indebtedness of BQrrower
<br />"Si.....:urt:d b-y ttlis Deed -of Tp..!$t. Un!Cl5! Borr-o~e!' a..'ld l--nder agr~ to other t~!"m! of payment, such a!'!!Ounts shaH be pa.y~.!Ae upon notice from
<br />Leoder t<l Borrower requesting payment thereo" and shail bear mterost frOlD the date of disbursement at tile rate payabie from time to time on
<br />oul.3.umding principal -Un<ler the Note unless payment of mlereJ.t at such rate wuuld be contrary to applicable jaw. jn which ("<'ent such amounts
<br />,hall beaI interest at the hi&h~t rate permissible under applicable law, NothlOg <o"tamed in this paragraph 7 shall require Lender to incur any
<br />eXpell'" or tue allY llClion hereunder,
<br />8, 1--'. Lendet _y make or CllUS. 10 be made rea50ttal>ie eorri.. \Ipon and inspectlons of the Property. ptonded that Lender shall
<br />~J'< llottower notice prior to any suclt ill5ll"C1iOtl sptodfyihll r_,'nable cau.. tooefor reiated to Lender's imerest In Ihe Propeny,
<br />9-, CAlli III 'k..~ Tn~ pf(~ of any award or daim for damago. U1Jt::ct or -cou$CQuenuaJ. In t.:flnnet1.ion with any ~onJ(:mnaliQn Of
<br />~>lhn.. t~kfnc of t.-l},e Property, m pan tt--tt'rw-f. or f()f ,uol-^eyrmcc: in lieu of condemnauon. a1'( hereby as.'i'i,gncd: and shaH be ~ild to Len(kr,
<br />in t~ e1ie.nt of a tgtai tak.ina of f-he Property. t.he pr~ shaU be app-lied fa the ~um'! sa.~>lfed by thh D~""ed ot Tru,.,t. ~dth the e-^("1.~:>. if 411Y,
<br />r~Hi to &)N\)Wi~C in t.he ('Vent of. ,partial ui..kina of the ProJWffty. tmtt:)$ lJurrowe'f and Lender otherWl!iC a,gl~ m wnuf'li. there ..hail tJ< apphe-d
<br />"~ th(' 'lfu.tu!t ~Uf'td tJl t,tu~ {~-ctf "l'rU$t ~it pforrot"tiQU 1)1 the- p_HXffdj it,,, i~ C'Q1Ul.j l~J tha.t p-rot'\()-ni-l141 \%hll.'h !,h~~ anwun: oj !h... 1,lJ.(I~\o, "t;1.-i.ift>d
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