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<br />If Hormwer pays Funds to Lender, the-Funds shall be held in an institution"the depcxits or accounts of which are
<br />insured or guaranteed by a Federal or state agency Eincluding Lender if Lenderis such an instituxiont. Lender shalt apply
<br />the Funds ro pay said taxes, assessments, insurance premiums and ground rents. 1,endermay notcharge'for so holding
<br />and applying2he Funds, analyzing said accounror verifying and compiling said assessments and bills, finless Lender
<br />pays Botrawer interest on the Funds and applicable law permits Lender to make such a charge. Borrower' and Lender
<br />~` may agree is writing at the time of execution of this Deed of Trust that interest on the Funds shaft be paid to Borrower,
<br />JC and unless such agreement is made or applicable law requires such interest to be paid, Lender shall not be required
<br />~ to pay Borrower any interest of earnings on the Funds. Lendecshal] give: tn:Borrowcc without chazge, an anntta!
<br />accounting of the Funds showing credits and debits to the Funds and the purpose far which each debit to the Funds was
<br />raadc. The Funds arc pledged as additional security for the sums secured by this Deed. of Trust.
<br />If the amount of the Funds held by Lendrar, zagether with the future monthly installments of Funds payable prior to
<br />(~ [he due dates of lanes. assessments,.. insuraoceprtnniumsand ground rents; shall exceed'xhe amount requited to pay said
<br />(~ taxes, assessments: insurance premiums arad ground rents as theyFall due. such excess shalLbe, ar Borrower's option,
<br />either promptly repaid to Borrower or credited to Borrower onmtonthl}snsiallments of Funds. If"the amount of the
<br />Funds held by lender shall not brsufficirnt o pay razes; assessments.....,urance premiums and ground rents as they fal l
<br />dae, Bcrrowcr steal{ pay to Lender any amount necessary to makeup the deficiency in one or more payments as tinder
<br />may require:
<br />C;pon paymrnt in fall of a{I sums secured by this Deed of Trust, Lender shall promptly refund to Borrower env
<br />Fends held by [,cnder_ If under paragraph 17 hereof the Property is sold or the Property is'otherwise acquirtd by
<br />Lender, Lendtt shall apply, no later than immediately: prior to the sale of the Property`br its acquisition by Lender, nay
<br />Funds held by-[.ender arthe time of application ass credit againsrahesums secured by4his Deed of Trust.
<br />3. Applintiw d'Yaytarte. UNess applicable dew. provides: otherwise. all payments received by Linder under
<br />the !Yore and paragraphs l and 2 hereofshall tx applied by Gender first in paynenrof amounts payable to tinder by
<br />Borrower undo paragraph 3 tettof, then to interest payable onahe Note. and.then to the principal of the Note.
<br />-3. Peiar Mttat~ar atttd Dude of Trot; Cdar~; Lkaa. Borrower shalt perform all of Borrower's obligations
<br />under any mortgage. dead of tntst or Mhet security agtmnrntwith a lien which has. priority'over this Deed of Trust,
<br />including Horrower's'covtmaats to mate paymenu when due. Borrower shall pay or cause o be paid elf razes,
<br />assastnena and other charges: fines and imposirions attributable to the Property which may attain a priority aver this
<br />Deed of Trust. andieasehold payments er ground rents. if arty.
<br />S. Haaari Iia~eYea. Borrower shall keep tht improvements now existing er hereaftererected on the Property
<br />insured agaior, loss by &re, hazards racluded wrthitt the term '.'extended. coverage": and such other hazards as Lender
<br />may requia-and in such amounts and for such penods as Lender may regaire:
<br />The insurance Barrier providing the nsuraatt shall be chosen by Borrower subject to approval by Linder; provided.
<br />tharsueh approval shall. not be unreasonably wrthheid. All insurance policies and. renewals thereof' shall be m a form
<br />aCYYptible FOLCadK:atid Shall include a standard mortgage-clause in-favor of andin a form. acceptable to Lender,
<br />Lender shall have the-right co hold the policies and'rcacvrals thereof, subject to the terms of am mortgage. deed of trust
<br />or other security agreement with a lien which has prsorrty elver this Deed of Trust,
<br />In the eveet of loss., Borroaer shall glee prompt notice to the nsurantt carrier and Lender. i.ender maymake proof
<br />of loss ifttoc trade promptly by Borrower.
<br />If:the Property is abandortedby Borrower, or sf Borrower. fails to respond ta.Lender wither 3<) days Exam the date
<br />notice is mailed by[crider ro 13orror'rer that the rnsarance carrier offer, ,o settle a claim for [nsurance benefits, !:ender is
<br />authorized ro colleft and apply the rnsuranee proeeeds of tender"s opticsn either to resioratton ar repair of [he
<br />Property. or to the sums secttrnt by this Decd of Trust.
<br />d, Ptsar~aW+ nd l~4ahtwt~oa of pnperty: Lnaeltelillt Condooialoma; Planned Unit Develuptneats. Bor-
<br />rorvcr shall keep the Property rn good repairatxf shal3 not commit waste or permit rmparrmrnt csr deteriora[ionof the
<br />Property and shall ~vmplr with the provtstons of any lease if this Deed of Trust is un a 1casrhoid. !t`this Cked of Trust rs
<br />oa a utur:in'a condoatinium or a piannal unit development. 8orrosvtr shall perform allot Borrrn~er's obhgations under
<br />the declaration or covenants"creating or governing, the coadomintum or planned unit de~ehipment, the',by•laws and
<br />regulaziotts of the coodamiaitun or planned unit development, and constituent documenn.
<br />T. Ptsa~ of I~r'a .Srrc>.rlty. if Borrower tails to perform the :ovenants and agreements contained in this
<br />Deed of Trust, or if any action or proceeding is commenced which marerially at5ects I;ender s interest in the Property,
<br />then Lender, at Lender's optiaa,upon notice to Borrower, may make such appearances, disbutsc such sums. "sncluding
<br />reasonable anornevs' fees. and take such action as is necessary to protect Cinder's interest. tf tinder required mrntgage
<br />insurantt as a condition. of making tht loan secured by this Deed of Trust.: Borrower:shall pay the premiums required to
<br />rnainuin such insurance in effect until such time as the requirement for such insurance terminates iii accordance with
<br />Borrower's and Lender's written agreem~_nt or appiieabie law.
<br />Any amot[nts disbursed by Lender .pursuant xo this paragraph ", with interest thereoh, at the Tote rate: shall
<br />become additions! indebxedness of Borrower securtid by this Deed of 'T'rust. Unless Borrower and i ender agree to
<br />aher terms of payment, such amounts shalt be payable uponnotice from Izttder to Borrower requcs[,r,g p s7rient
<br />thereof. Yothing ~rontained in [his paragraph ;'shaL3 require L,endcs to tncurany expense or take an? act ic?~ hrrtuncier.
<br />b. lttayecaiN. Lender may tttake or cause to be made reasonable entnes upon. and>inspectians of flee r''toperty.
<br />pttwidcd [hat Lender shall Ri'~ Borrower notice prior. toany such tnspccxianspecif}ing reasonable cause therefor
<br />cciatetl to Leender's interest in the Property.
<br />9. Catadatatnatia~a. The proceeds of any award orclaim fo€.damages: duecx or consequential. ir.connectton.with.
<br />any condemnation or other taking. o€ the Property, or pa,*t thereoe. orfior con+evance rn Iteu of eondesnnatlon, are
<br />hrrcbr assigned and shall be paid to Leader.. subject :o the terms of env mortgage. need ~ti trust or atlsersecuritvagree-:.
<br />men; with a lien ~+~hich has priorit+~ ororrthis fXCd of TruSG
<br />10. B~crower tint Rrkrased; Farbcarancc Br l,cridea ?Hat a Waiver: E.xten3ias. of tlxe time lvr.patimrnt ar
<br />madiflcazicn of amortvasion ~-tf [Mc sums =.ecurad by [his L}eed ui Truss gratsted hy6ertdex to atwsueccssorJn intecestof
<br />Florrower shat not operate [~~ release, ire any mar,rer, the h.,bi;:ry of the sxiginzJ Borrn~tr and Ssx"rUwtr`~i 5ucuessors !n
<br />interest. Lender shall not be required to sommcnce proccrdmg+ sgatnst such aucccssor or refuse to extend-time fix pay-
<br />mcnt rat otherwise modifg am~~rtir~tian of the suns secured by Stets DCed oiTrust #oyrcason of any demand made by-the.
<br />+x:girai Borrawa :end Boxrower~s :uceessors +n inrercst. 1.ns fnrhearanee by Lcnderin caercising soy right or remedy
<br />htrtundcz. <r, otttcnrisc :tff~.~rdcu by applicable law, shall not L+eswaiver of-ur preclude the crccrcise +~f ant' such right or
<br />remedy.
<br />13. Sssccessaro and assf~u Bid; Jotret sad SevEnJ 1.ialslihYt Cu.-siArtt~rs, 'hkt o;3~r: ~ ~.-, artd tz, ec.nsntx
<br />- he:Ctn <<,nttt~aci ,n.+il birrti. end the ;r{F.[~ tv~rt a~~+1c; ~*}a}: inurC, 4U, the r~;~tit tie..c. ~.:+"e. a,., ~. an.: d. ~.~ y =; 1 rncler ;1Kf
<br />~.^w,. fir. <uale:,' to the prnrs~ons . ! paragral ~ , tern- t Alt crn~<<nants ssnd air ._ ~ _ ~ _' ~+, -zit and
<br />;CVese- + Ac rrs=H rr who ~,:.vgns ihkx t}er-'' .' (east. hue dd?es n;x +tc~cat• i? e `~-,•,: + - - .. - :4 :rr T"rezit
<br />enlp' to ~aat and et;r;c~y thyst F2ts*_tuwer's infer • tr, :?ra 1"n l :rt< ix ? rele9 r,- ; rn..~t 1 ti ;;# ~ 1 r u•s ~ t+t is
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