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<br />I rrow•er pays Funds to Lender, the Fundsshall bo- herd in an institution the deposits or accounts of which' are
<br />insured or guaranteed by a Federal orstate agency fnctuding Lenderif Lenderrs such an institution T. Lender shall apply
<br />the Funds to pay said taxes; assessments, insurancepremiums and ground rents: L,endermay nofcharge for so'hotdirtg
<br />and applying the Funds, analyzing said account or veritying and compiling said assessments and bil-s, unless Lender
<br />pays Borrower interest on the Funds and"applicable law permits Lender to make such a charge. Borrower and Lender
<br />'may agter in wreting at the time otexecution of thisDeed of Trust that interest on he Funds shall 6e paid to Borrower,
<br />and unless ,uch agreement is°made or applicable law requires such interest to'be paid, Lender shall not t;e required
<br />to pay Borrower any interest or earnings on the Eunds. Lender shall: give to Borrower, •a•ithout charge, an annual
<br />accounting of the Funds showing credits and debits #o the Funds and the purpose :for tvhich each debit to the Funds wu
<br />made. The Funds urapledged as additional security for the sums secured by this Deed of Trust.
<br />If the amovrnt afthe Funds heW byL.ender, together with the tuture monthiyinstaBments'of Funds payable prior to
<br />the due dates of Lazes, assessments, insurance premiums and ground. rents, shall exceed the amount required to pay said
<br />taxes, assessments, insuranccprertriums and ground rents as they falldue, such excess shall be. at Borrower's option.
<br />either promptiy:repaid to Borrower or t7edited o Borrower on monthly installments of"Funds. If the amount of the
<br />Fundsheld by Lender shall not be sufficient to pay taxes, assessments, insurance premiumsand ground rents as they fall
<br />due, Borrower shall pay to Lender any amount necessary"to make up the deficiency in one ormore payments as Lender
<br />-may require:.
<br />Upon payment in full oFali sums secured. by this Deed of Trust. Lender shall promptly refund ro Borrower any
<br />Funds held by Lender. If under paragraph t7'hereo€ the: Prpptrty is sold or the Property is otherwise acquired by
<br />Condor, Lender shall apply, no7ater than. immedisuly prior to :he sale of the Property orits acquisition by Lender, any
<br />Funds held. by Lender at the fime of application as'a credit.against the sums secured. by this'Deed of Trust.
<br />3. Apilcativa':o[ Palmaeos. Unless applicable law-.provides otfienvise, all': payments: received by Lender under
<br />the Note and paragraphs 7 and ? hertrof shall be applied by Lender first in payntrttt of amounts payable to Lender by
<br />Borrower under paragraph 2 hereof, chore o interest payable on theNote, gad then to theprincipal ofihe Note.
<br />4. Peia- Mertgyaa gad Daa~ of. Ir~'Chaeeas; IAeiaa. Borrower shall perforrttral6 of Botxower3 obligations
<br />under any mortgagee, deed of 'etst or other securely agreement with alien which' has priority over this. Deed of Trust.
<br />including` Borrower's covenants to make payments when due. Borrower shall pay or cause ro 6e'paid all rases.
<br />assessments and other chuges,-.fines gad imposstions attributabletothe Property whicfi may attain apriority over this
<br />Deed of Trust, andJeasehoid payments otground rents: if any.
<br />5. Hafaei LsaQa~ea. Borrower shall keep he emprovements now existing or hereafter erected on the Property
<br />insured against ioss'by fire, hazards included within the term "extended coverage','.. and such other hazards as Lender
<br />may regnere and in such amounts and :for such periods as Lender may require.
<br />The insuraneecarriet providing the insuranceshall be chosen be Borrower sub}ect to approval by Lender; provided:
<br />that such approval shall not be unreasonably withheld- All insurance'polictes and renewals thereot'sfiall be eo aform
<br />acceptable o Lenderand shalFinclude-a standard mortgage clause in i`avoraf and in a form acceptable to-Lendek,
<br />Lender shall have [he right to hold the policies and renewals thereof, subject to the terms of any mortgage, deed of trust
<br />or other sexurity agreement with:a lien :which has priority over [his Deed of Trust..
<br />In the event of"loss. Borrower shall give promprnotiee to the insurance carrier and Lender. Lender nay make proof
<br />of loss if not made promptly by Borrower.: y
<br />if the Property is abandoned by Borrower, or if$orrowecfails torespond to I:ender within 3U da}s from. the date
<br />notice is mailed by Lender [o Borrowerthu the msuranct carrerr otters to settle a claim For insurance 6enetlts; Lender is
<br />authorized to collect and apply the insurantt proceeds at Ler_:_'s pp[ion either. [o restoration or repair of the
<br />Property. or to the sums secured6y this Deed of Trust.
<br />6. Pea~anatieea aid Mai~teneaete bf'PrapertY; Lsaaeholii4t Ctwdominieum Planned Unit Dtveiopmenta. Bor-
<br />rower shall keep the Property en good repair andrshali not commit waste or permit impairment or' deterioratior, of the
<br />Property and shalt comply with the provisions of any tease ifthes Deed of-Trus[ is-on a lrasehoid. I f ahes Deed of Trust is "
<br />on a unit in a condominium area planned unit development, Horraweashail perform all of Borrower's t~biiga[ions under
<br />the declaration or covtnants creating or governing the condominium of planned unit development, the by-laws and
<br />regulations of [hc rnndaminitun or planned unit deyelopment. and constetuent documents.
<br />~• Ptvtatlora of Leeader'rSatarit). If Borrower fails to`perform the covenants and agreements contarnrdrn this
<br />Cked of Trust. or if any action.ar proceeding rs commenced .which materially affects Lender's mtrresr in the Property,
<br />then Lender, at Lender's option, upon notice to.Borrower. may make such appearances: disburse such sum<, including
<br />reawnable attorneys' fees, and take such action a, is necessary to protect. Lender's [merest- If Lender required mortgage
<br />insurance u a condition of making the loan secured by this Deed of Trust. Harrower shall pay he premium, required ro
<br />maintain such inwrance in effect untiPsuch time as the requirement for`such insurance terminates inlaccordance with
<br />Borrower's and Lender's wTittct•. agreement or applicabltiaw,
<br />Any amounts disbursed by [xnder pursuant 'to this paragraph ": with interest [hereon, at the Note rate: shag
<br />bttrottte additional indebtedness of Bormsver secured by this Deed of Ttvst. unless Borrower and Lender agree ro
<br />other terms of payment, such amounts shalt bepayabie'upun rennet from Linder to Borrower requesting p vmrent
<br />[hereof. Nothing contained to this paragraph - shailrequire Lender to incur anvtxpense ortake any action hereunder.
<br />8. Lender may make or carne to be made reasonable entrees upon and inspetKKions of the Property,
<br />provided that Lender shat{ give Borrower notice prior to an: such inspecnoa specifying reasonable: cause therefor
<br />related to Lender s interest rn the Property.
<br />9. Catadtmoatiere. The proceeds of any award or claim for :tamages, direct or consrquenttaL incannrctzon with
<br />any condemnation or other taking of the ~pruperty, or part thrreof..:x for conveyance in loon of cordemnatitxt. are',
<br />hereby assigned and shall be paid Co Lender. rhject to the rermti cf any r.rortgage.'deed of"~ trust or othtrstcurityagret-
<br />ment with a lien which has priortyover this Deed of Trust.
<br />lU. B~rrowsr Not Reitaaed; Fte+rbaaraotx By Lender lot a uralver. Extension of the trine for pa_rment or
<br />modification o`.' amortization of the sums secured by this Decd of 7 ; 3st .,ranted by Lender toany suCCCSSOr to interest pf
<br />Burrower sha!1 not operate ro release_ in any manner, the ;iahili[p of r,^e ongenzi Borrvwerand $orrower'ssucctssors in
<br />interest. Lender shaii not bt required tit commence pnzcedin~~ against such ,uccessor or refuse to ezttnd time for pa~-
<br />mrnt or i~thFtzrise modih~ amortization of :he sums secured h}~ tt•. Deed t,t t ruti; ~v re~aaor. of any ~Jcmand ,made by_rhe
<br />original $orower and Borrower's sucscsson in it:trreSt ar•. fern c*an._• t;, tender m estrcis~-tg am right ur remedy
<br />F.ereundcr, or otherwise afforded ;by;appiicable lau~_ shall r:n bra ~ a:rer ,~f ar prec.urJtahr rxrr,.~c .N any suc!zrightitr
<br />remedy..
<br />1 L Semcnaors ~ ,r-ralg~ Bound; Joint aneE :4rversl L.pn lita~,. Ca;-signers, The ,:,era n x i s n.d ac,r ente~n
<br />herein cure rainca shrill hired. tired zht n~hts hrrcundershal} inuti> r ~ : r;tS.prCCSrc Suc. evsors e:7 t a ~~=,t5.: f Lars; c•r ,end
<br />BGrr«w c.. tin%>}cti:'. io the prove,~on. ~f y_<: ;,grap~6 J{t hcreaf.Alf ee. rt drstsand agrc znxen[.+re EP.u Y..,•. z •lwa:t .~..:p,t;ar ana~
<br />sc+-_rad. rtm~ &,rr:iwrr who ccr•sil;nc [his hkxd of ~Frust, but. ds>ew na+. z^ez=ciatti h~ ?Vuee, lu?:4 ... ~".r> ih•c.1 c,C ~l:rust
<br />onl , ~~setz and ~•.nucw that licit-erwer's irtcrest isr the ['3e,:er*:y .c9.tstte ez:..k.:r the- ;rr.,..... _.~, Iheri ~ t I st, i?.tis
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