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<br />If Borrowerpa~•s Funds to Lender, the Funds shsll be held in an institution the deposits or accounts of which are
<br />insured or guaranteed by a Federal ar state sgency tinciuding Lender if Irnder is such an institution). Lender shat! apply
<br />the Funds to pay said taxes. assessments, insurance premiums and ground rents. Linder may nox charge for so holding.
<br />and applying the Funds, anaivzing said account or vettifying and rompiling said assessments and bills, unless Lender
<br />pays Borrower interest on the.Funds and. applicable law permits Lender to make Bach a charge: Borrower and fxndec
<br />("' maya(tree in writing at the tune o£execution of this Decd of Trust that interest on the Funds shall be paid to Borrower.
<br />i and un?ess such agtgemant is made or appticablctaw requires such interest to be paid, Lender shall not be required
<br />to pay 8utrower any interest or earnings on the Funds.. Lender shall give to Borrower; without charge, an annual
<br />accounting of t;te Funds showing credits and debits to the funds and the purpose for which each debit to the Funds was
<br />made. Tho Funds are pledged. as additional security for the sums secured by this Deed of Trust:
<br />If the ainount ofthe Funds held try xader; together with the future monthly installments of Funds payable prior to
<br />the duedates of fonts, assessments.,insurance premiumsand ground rents: shall exceed the amount required to pay said'
<br />taxes,.assessments, insurancrpremiums and ground rents as they fall due. such excess shall be; at $orrower's option.
<br />.either pttatnptly repaid to Borrower-ot credited to Botrowet on monthly installments of Funds. If the amount of the
<br />Funds held by Lender shall not be sufficient tapny-taxes, assessments; insurance premiumsand ground rents as theyfall
<br />due, Borrower shall pay to [;ender any amount necessay to make up the deficiency in one or more payments as Lender
<br />may requires
<br />Upon `payment. in-full of all sums secured by this Iked of Trust: Lendet sha1L promptly refund to Borrower any
<br />Funds=held by Lendet. [f under. paragraph 1? hereof the Property is sold or the Property is otherwise acquired' by
<br />Lender; Lender shad apply, no later than immediately prior to the safenf the Property or its acquisition by Lender,: any
<br />Funds held by Lender at thetimeof application az a credit against the sums scented bythis Deed of Trust.
<br />3. Apptkatfoa' of Paymeaa.>Unless applicable law provides otherwise: aIL payments received.°by Lender under
<br />the Notcand paragraphs 1 and '2 hereofshalP be applied by Lender first in payment oPamounts payable ai Lender by
<br />-1arrower underparagraph 2 hereof: hen to interest payable on the Note: and then tothe ptincipatof the mote.
<br />3.' Prix MoRyt~~ aid Deadr-o£ Trot: Charge; Lied. Barrowershalt perform all o€ Borrewec`s obligations
<br />under any rntmgage, deed of trust or other: security agreement wish a lien which has priority aver this Deed bf Trust:
<br />including. Borrower's .covenants to make payments' when due. Borrower shall pay nrcause to be paid all taxes.
<br />assessmenu and other charges. fines and impositions attributable to the Property which inaY attain a priority' over his
<br />Deed o£Trust. and.tcasehoid paymwts or ground rents, if any.
<br />5. Huard Fade~eai Borrowu shalt keep the improvements now existing or hereafcererected on the Property
<br />:nsured against loss by fire: hazards :included within the term "extended coverage'": and such other hazards as Leander.
<br />msy require and in such amotmts and far such periods as Lender may regtnre:
<br />The instuattct carrier. providing the :insurance shall bechasm-by Borrower subject to approval by Lender: provided.
<br />chat such approval ha[l ootlx unreasonably withhekt. e311 insurance policies and renewals thereof shall be in-a;form
<br />acttptable to Lender need hail includaa stand:ud mortgage clause in favor of and fn`a fotTti,acceptable to Lender.
<br />Lender shall have the right to hold: thrpglicies and renewals thereof: subject tq thr terms. of any mortgage: deed of trust
<br />or other securityagreemcnt wfth a Tien which has. priority over thts Deed of Trust..
<br />!n the event of toss. $orrowcr shall give prompt notice ro [he insurance rattier and Lender. Lender may make. proof.
<br />of loss if not made promptlyby Borrower:
<br />If the Property is abandoned by-Borrower,. or if Borrower fails to`respond`ro Linder within 30 days from the date
<br />natitt is mailed by Lender to Borrawtrthat the insurance earner otlets to settle a claim for insurance benefits: Lender is
<br />auttsorized to collect and apply floe insurance,procsaeds a[ henrtPc's option either; to restoration ar repair of the
<br />Property or co the sums scouted by this Deed of Trust.
<br />6. Prwarvado~ noel Maiateaa~oa of Property; Leaerholdr; Cotsdominiutne; Pisnned L''git Developments. Bor-
<br />rower shalt keep the Property in good mpair and shall not commtt waste or pennu tmpairmentor dztarioration of the.
<br />Property and shallcomply;with the provisions of anylease if thts Deed of Trust isbn a leasehold. if this L)erd of Trust is
<br />on a unit'in a wodominitun or a planned. orate development; Borrower shall perform afl of BarrowrCs t~bhgatiggs under
<br />the declaration or covenants creating nr governing the condom'sniurn ar planned untr development: the by-laws and-
<br />regtilations oftEte condominium or planned unit Development, and constuuent documents:
<br />7. PiWeetios of Leedee`a Security: if Borrower tans to`perform-ahe covenants and agreements cantatned in this.
<br />Deed of Trust, or if any action oepeat~eedinq is ,ommenced which matenaitti atTects Lender"s interest m [hr Property.
<br />`then':Lender, at Iznder's option, upon notice to Borrower,: may make sueh'appearancesr disburse such sums, including
<br />~reasoriyble attorneys' fees, and take such action as is nes~sary to,protect Lender's *n;erest. if Lender required mongage
<br />:insurantt as a condition of"making the loan .ecured by thtsDerd of Truss. Borrower shaiipay the premtums raquiredao
<br />maintain such inwranm in etlect until such time as the requirement for such insurance terminaces fn accordance with
<br />Borrovrer's and Lender's written agreement or applicable taw:.
<br />Any amounts disbursed br' Ixnder poisoner is this paragraph ?. with interest thereon;' at the Note rate, shall
<br />become addinonal inde'otednrss itC Bortnwer soured by this Deed :if Trust. Linless Harrower and Lender agree. to
<br />other arms of payment. such amounts shall be;payable upon notice from Lender to Borrower requesting; p tTrient
<br />thereof. Nothing rrontained in this paragraph ? shaterequire L trader to incur any expense or take arn• acton hereunder.::
<br />8. [a~p+ctlaa. Lender may' make or cause to be made reasonable entries upon and inspections of the...°roperty:
<br />provided that Lender shall give Borrower native prior toany such.inspecitonspecifving reasonable cause therefor
<br />rr_la[ed to I-ender's interest in [he P;yperty- -
<br />9. Condemnation- The pmccedsof any award or claim for damages. director consequential., in Connection with
<br />any ccindemnatien or other taking ofahe Progeny, or part thereof: for far conveyance. in Iteu of condetnna[ian: are
<br />hercb~ a,signed and shat3 br..paid to Lender. suizject to the terms of any mortgage: decd of trust or attar se4urity agree.-
<br />meat with a lien w;:ich has priority over this Deed of Trust.
<br />113. Bwroe~er fiat Released; Forbearwcr '$y Lender .Not a Wallver. Fxtrnsion of the time- for payment or
<br />mrditicatiun tit amoru.ration of the sums secured,hy thisDeed of Trustgrantedity Lrndertoanr successor in interest of
<br />Sarrowrr ,nail nor operate to release. in any matuter, the liability of the anginal ~arrowers~nd 8arro.}•rr s wccessor: in
<br />enterest. Lender shall nut tx ~eyu;red ro commence. prorerdings agamscsuch surer sot or refuse ty extend time for pay.
<br />_r:rt _~~ txherw%se modify antortizaGon of tote sumssecurect by thss 13ePd ot'Lt-tt3t .Ley reasonoEany dejp:uid made t?y.tt~
<br />origrr,~! Barrcncer tied Bocrowcx's ~uecessers to interest any tarbearancc by Lender tFi exrrrsirg am rtghtot remedy
<br />hereunder, or nthrrwise afforcSed by apPlSCablrlxu, chalk not he a waiver nFer prmclude threse_ttse of am such right ur
<br />er~e<i.
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