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<br />82--~~3~~~a
<br />If tiorro pays Funds to finder, the Fundsshall br he-d in an insYstution the deposits or accounts of which are
<br />insured orguara»Eeedbv a Federal to-r state agencylincluding Lender if Lenderissuch an institution). lender sha13 apply
<br />the Funds to paq said taxes, assessments, insurance premiums and groundYents. Lender may not-charge for so holding
<br />and applying the Funds, analyzngaaid account orverify~ng and compiling. said assessments and bills, unless Lender"
<br />pays Barrowter interest on the Funds and applieab(t levy permits Lender to make such a charge. Borrower and Leader
<br />may agree in writing at the time of execution of this Ikod of Trust that interest onthe Funds shall be paid to Borrower. j
<br />and unless such agreement is made or applicable law requires Such intetrst to be paid, Lender shalt not be requirai !
<br />to pay Borrower any interest or earnings'an the Fttnds. tender shall give to'Borrower, without charge: an annual
<br />accounting of the Funds showing eralits and debitsta the Funds and the purpose for which each debit to the Funds waz
<br />made. The Funds arcpkdged'as addidonatsxurity forthe sumssecured by this Deed afTrust.
<br />If the amoan£of the Fundsheld by Lentler; together with'the future monthly installments'of Funds payable pri« to
<br />the due darts of tares, assessments. insurance premiums and ground rents, steep exceed the amount required to pay said
<br />texts. assessments, insurance premiums and ground rests az they fall-due: such excess shalt bc, at Borrower's: option.
<br />either promptly repaid. to Botrowtr orcredtted to Bortower on monthly :installments of Funds. 1f the amount of the
<br />Funds heldby tendershall not be sufficient to pay taxes, assessments, insurance premiums and ground rents az they#alt
<br />due. Borrower shad pay to Lender any amount necessary to make up the-deficiency 3n one, or more payments as Lender'
<br />+ntay squire,
<br />Upon-payment in fnll'of`aIl slims secured by this [Xai' of Trust, lender shall promptly refund to'Botmwer`any
<br />Funds held. 5y [.code:. if under paragraph t 7 hereof the Property is sold or the Proptrty is otherwise acquired: by
<br />l,ertder. Lender shahappty, no laterthan immediattlyprior to the sale ofthe Property or Its acquisition. by Lander, any
<br />:Funds heldby Lcnder'u the titiu of application as a credit against the sums secured by this Deed of Trust..
<br />' 3. ApplkstMw ef'ihysawu. Unless applicable law provides otherwise, all pavtnents received by tender-under
<br />the Note arid'paragraphs Iand 2 hereof shall be applied by Lender first in payment of amounts payable [o Lender by
<br />8nrravra under paragraph 2 hereof, thets to interest payable on the Nate, and then ~o the principa3 of the Note_
<br />3. Prior 1llaetgyr sad Dania of Truat:.Clear~t Liieas. Borrows: sfiall perform all of Borrower's obligations
<br />ands say ttwetgage; deed of trust or other security agreement with a lien which has priority over this Deed of Trust,
<br />including-Borrower's covenants to make payments when due, Borrower shall. pay or cause to be paid all .taxes,
<br />assessments and other charges: fitses and impositions atttibutatle to iht Property which may attato a priority over this
<br />Deed of Trust, and teasehoid paymeacs or ground rents. if any:
<br />S. HaauaJ 1awxYea. Borrower shall keep the improvements now ezistmg or hereaFi'er erected ao the.-Property
<br />insured agaitiu lossbr 8m, hazards tocluded within the term'"extended coverage"Nand such other hazards as Lender
<br />may requite and insuch amounti and fax saute periods as tinder may: require.
<br />Theittsuraace Carrier prariding the insurance shall be chosen by Borrower subject to appmvaE 6y Lender: provided.
<br />that such apptaval stsaB not bcumeasoaably withheld. All insurance policies and renevrals thereof shall be in a tiornr
<br />'acceptable to tender and shelf include a standard mortgage clause in tawor of and in a Farm aecepzable to Lender.
<br />[.tttder shall have the right to hold the :policies and`rencrals thereof. subject. to the ttrnss ot: any mortgage. deed of trust
<br />«other saurity agreement srrth'a lies which has priority orcr tfiis Decd of Trust.
<br />In theevent ofioas; 8orroershall give promptnaice to the,nsurance tamer and L.endec Lender may make proof
<br />of loss ,f not made promptly by Borrower.
<br />If tt~`Propettys"abaadontd by Borroavcr: ar if Borrawcr fails to respond tt> lender s~ist,n 3t} days fmm the date
<br />rtotme a mu~kd by Lender to Bornswer that the tnsurantt carrier offers tasettlt a claim I`or Snsurancc benetits, Lender is
<br />authorized to coaled arsd apply.. the insurantt proceeds at tender s option either w restorataa^ nr repair of the
<br />Property ,x to the slims secured by this Deed of Trust.
<br />6, rraan+atlM tsasd !OiaWwros a( PrNsrtxs t,weholdr Cortdaminlo~; Planned unit Devdopmeots. Sor-
<br />rower sha{I keep the Property"imgoad repair seed shall not commit waste .tr pcrmix impairment or deierivration of the
<br />Property and shall comply aerate the provisions of any lease if this Deets cif Trust is on 3 leasehold. tt this Used a'~f Trust is
<br />on a unit in a condominium or a plantaed unit development, Gorr.=leer shat! perform all of BBaarrowcr`s o6ligatsons under
<br />the declaration ar covcnana creatimg en genernrog:the cuiadominiom or planned unn develcapment. the by-laws and'
<br />regulatioasofthecondomiaiumorplannedunitdes~elopment.andconstuuratdacumerts._
<br />7. lrwtyiarot les.Aae'a Sacrrlg, If Bortow~er fails to prriorna the covenants and zgreerre^is cotsta,ned in tltis
<br />Dadof Trust, a ifany action« praetedingisrnmmrocrd ,.htoh materially affects 1-cndct's i~t~r~.,, ,r, ~he Yraperty.
<br />then [:ender, at Lender's option; upon oarice'to Borrower. may melee such appearances, dssoursi such suxr. +neiuding
<br />reasonable attorneys'. fees, and take such action as is neccssar to prtxtecz I:.cndei s inreres[. Sf' Lender ; equ~red mortgage
<br />insurance as a condition of making the loan seturcd by , hu Lked of 7"rust..Borrower shall pay'the premiums required to
<br />maintain such ansutantx in ellcct tustil such t,me as the requirement #orsuch insurance terrtiinatt~s in accordance wsth
<br />Borrower's and I<ndei s written agreementor applicable law:
<br />Any amounts disbursed 1~yr tender pursuant to .his paragraph ', with interest thereon, at rhe''~iore rate: steal:
<br />bccotne addiziooal m9ebtedness of Botrtaiver secured b} 'his Lleed of Trust, l~nless 13arrower and txndez agree to
<br />other terms of paymen[, such amounts shall tx pa~ablc upon. notice from Lender to Borrower requtis inq p ~Tt,ent
<br />:hereof: Nothing consa,ned m thisparagraph ' shall reymre tender to,ncur any expense or raise any a.:aton remumier.
<br />8, larpectlM. Lender may: make or cause ~o tat needs reasonable enznes upon and ,nspect,ons of the Yropertv.
<br />prosided that Lender shall give Borrower-notice prior to any sacra tnspectian spisctty,ng reasesnable cave therefor
<br />re{ated ^.o Lcndrr's internt intbe Property, --.
<br />9. Caedamnattae- T'nc prix-eels of any award or clam for darilagEti. •isrect mr cunsequenteal- in ct?nneciian with
<br />env condemnation or ether taking of the'Pmpcn~. pr part t'•iercof or Ccir ~onvcyanee an ieeu of vnndemnation; are
<br />'tetchy assigned and shall be paid to Lender, subject fo the acmes ~~'. an}' m,,ngage. deed of trust ar otfaer security agree
<br />meat with a [ion which h;i, priority over [hs Deed of r Test.
<br />10. BYrrawtt Not Rekaaed; Far6urneee Sr [,Nkirr Not a ~'aiver, t-.xttnston of..+.he time .lac. pa}•nttntcir
<br />modi,`tcatiua of aan:xt,xation of the sums secured b_r Chi, Gk.ed of Trust grsnted CYy:Le:~der[o an} auccessot to attrarestof
<br />Florre,Wez shall not operate :a release, in any moaner, ;}i it ttilsc f t} +~ t.::~,ina Sorrow r ands Bnrrcawer r succcESnrs in
<br />naterest. Linder shall nos be required w commence pence a ,.~c against sac.. s~aras~ r , r cwtuse w ettet>sf tents Fas p,av.
<br />meat ar otherwise neodif} amcrtitasx~n cif the sunx secured t>y Chu [.feed o! "f rest r,. r , a an} demand m.uic-t±,y the
<br />angina{ Sarrower seed Borrtnrer`s sucecsx~rs in iaterest..~Ln. ~~x`.rarana' ~- Lind-<= ,a :~crciseng env rikht rr rcnzedy.
<br />hereunder, or otherwizt affatded ]tq applu.atxic taW .strati n,+: ?x :, ur..rr c.i cclutle the rsemuc c.f t;sty .urhri~lzt ,fir
<br />re;nede.
<br />ll, 5uct~ir4 sod A>isigns $aiW1i3. 3otatanti `lenses] Ltabi3ity; (-u-sign sax, t7te. c~r.-c resets and agrrcrsteattc
<br />here+r, c+~nta::^rl ~hpll kaittd, and-the nglsls hereunder '•h,.;! .=: ut'c t, .hc ;~>F .ci., ~:Arc ~,s w", ut:,ti ,~vya}4~, na ~ t 3cnsszr ;a cad
<br />lt;~r~'t>~s'CC.`:%h ktittfl the prerwasaanS Laf paragfapn 9U tilrCS'~ At4 sf iYi In r{~tad-~~t'qe:[rtefSSC ~.~t t3i>'I.?NGt ktY Y. {+G t~::R!'atad
<br />Y.
<br />:aft ra: Am• t3c'~YI',OwtY wlta Cn-st,gR3 th65 f~Crtfid +lf TrlFie, trill ~.fitr5 i! `t i`C['t't7'e k`~' ~1t*{ _ ,{ ~ i t t, 1 1 ~, t i:dti i~a+`tY$ k+t ~1 CilSF
<br />ooh at+ka`ssstanderanwtw that Besxrowrr`s intrr~t i^ this l°rulterit,.• lr~s,c~ .nuts°r-tai ,~ rr,e,.,tth~s i)~td ^t i r~.,wt_=Hi~a
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