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<br />if Borrower pays. Funds to Lender;. the Funds shall be held in an institution the eleposirs or accounts of which are
<br />insured orguaranteed by a Federal or state agency (including Lender if Lender is such an institution 1. Lender shall apply
<br />tha Funds to pay said taxes_ assessments, insurance premiums and ground rents. Lender may not charge' for so holding
<br />and applying the Funds, analyzing said account or verifying and compiling"said assessments and hilts, unless lxnder
<br />pays Borrower interest on the Funds and applicable law permits Lender to make such a charge.. Harrower. and Lender
<br />may agree in writing afrhe time of execution ofthis`Deed of Trust thatinterestonthe Funds shaiLbe paid to Borrower,
<br />and unless such agreement is made or applicable law requires such interest to be paid, Lender shall not be required
<br />tb pay Burrower any: interest .or earnings on the Funds. Lender shalt.give to Borrower; without charge, an annual
<br />atxounting of the Funds showing credits and debits to the Funds and the purpose' for which each debit to the Funds was
<br />made. "the Ftmds are pledged asadditional securityfor the sumssecureiiby this Deed of Trust,
<br />It the amount of the Funds-held by Lender, together with the future monthly installments of Funds payable prior is
<br />the due dates of taxes; assessments, insurance premiums and ground rents; shall exceed the amount required to pay said.
<br />taxes, assessments, insurance premiums and ground rents arthey falLdue, such excess shalt be, at Borrower's option.;.
<br />~ either promptly repaid'to Borrower or credited to Bonoweron monthly installments of Funds. if>the amount of the
<br />~y Funds-held by l endershal7 not be sufftcien~t to pay tales,assessments, insurancepremiumsand ground rents as they fait
<br />~ due, Borrower shalt pay to Lender: any amount necessaryto make up tha deficiency in one or morepayments as Lender
<br />~ may require.
<br />N Upon; payment in full. of till sums secured by this Deed'of rust, Lender shall promptly refund to $oerowerany
<br />„"~ Funds held.; by Lender. ]f under paragraph 1? hereof the Pmprty is sold or the; Property is otherwise acquired by
<br />Lender, Lender shall apply, no later than immediatelyprior to the sale of ahe Property or its acquisition: by Lender, any
<br />N Funds held.: by Lender at the time oC application as a creditagainst the sums secured 6y this Deed of Trust.
<br />~ 3. Application of Payments. Unless applicable' law provides otherwise, ail payments received by Lender tinder
<br />the Nnte and`paragtaphs 1 xnd 2 hereof shall be applied by Lender first in,paymtenYof amounts payable 20 Lender by
<br />Borrowerunder paragraph Z hereof, thento interest payable on'the Note, and then to the principal of [he Note
<br />4. Prior Mortgages and De>rds of Tcast; Charges; Liens. Bonowershali perform all nfBorrower's`nbligatii>ns
<br />under any mortgage, daed of trust orothersecurity agreement withalien which has prioeitq over ¢his Deed bf'I'rust:
<br />including Borrower's covenants to make payments when due. Borrower shall pay. or cause to be paid :all r.tzes.
<br />assessments and other charges,'i':nesand impositions attributabte to the Propetiy° which may attaitra priority over This
<br />Deed of Tnut, and leasehold pa}'riients or ground rents. ifany:
<br />5. Hazard Irrsurance. Borrower shall keep the improvements now existing or hereafter erected on he I'ropert}'
<br />insured against loss by tire, hazards included within he term "extended coverage". and uch ntherhazards as Lender
<br />may require and fn such amountsand for such periods as Lendermay require.
<br />T}:e insurance carrier providing the insurance sha]l be chosen by Borrower subject to approval by Lender: provided;
<br />that such approval shall not be`unreasonably withheld. Atl insurancepnlicies and renewals thereofshalLbe in a form
<br />acceptable to Lender and shalGinclude a standard mortgage clausein favor of and in a form acceptable ro Lender:
<br />Lender shall have the right to hold the policies and renewals thereof, subject to the-terms of any mortgage: deed cftrust
<br />or other security agreement withalien which'ltas priority over this Deed oFTrust.
<br />in the event of loss. Borrowershall giJe prompt notice to the insurance carrier and Lender. Lender may make proof
<br />of loss it not made promptly h; Borrower.
<br />If the Property is abandoned by Borrower. or if Borrower fafls to respond to Lender within 30 daysfrnm thedate
<br />notice is mailed by Lander to Burrower lost the insur;utce carrier otTers tosettle aclaim for insurance benefits. Lender is
<br />authorized to collect and appl}' the insurance proceeds at Lender's option either to restoration nrrepair of the'
<br />Property or to the sumssecured by this Deed of Trust..
<br />6. Praenation and Maintdtance of Property; Leaseholds; C:;:, tiaminiums; Planned Unit Developments. Bor-
<br />rove: shall keep the Property in goad repair. and shall not commit waste or permit impairment or deterioration of the
<br />Property and shat! comply with the provisions of any lease if this Deed ofTrust is ono leasehold: if this Dzed of TrusTis
<br />on a unit in a condominium or a planned unit development, Borrower shaltperfornt a[I oPBOrrower's obligations. under
<br />the declaration or covenants creating or governing the condominium nr;planned;unit development. ¢he by-laws anti
<br />regulations of the condominium or planned unitdeyelopment, and constituent documents.
<br />'. Protection of Lender's Security. 1€&orrower fails to perform the covenants'and agreements contained inthi
<br />Decd of Trust, or if any action orproeeeding is commenced which materiaAy affects. Lender'stnterest in ahe Property;
<br />then Lender. at Lender's option, apon notice to Borrower, may.: make such. appearances, disburse such sums, including=
<br />reasonable attorneys' tees. and take such action as is necessary to protect Lender's interest. IC Lender requ'ved mortgage
<br />insurance as a condition of making the. loan secured by this Deed of Trust, Borrowecshali pay,the premiums required to
<br />maintain such insur;utce in effect until such time as the reyuiremeot for such insurance terminakes m aecordancewith:
<br />Borrower's and Lender's written a firecment or applicable law.
<br />An}' amcunts disbursed by Lender pursuant m this paragraph?, n•itNin~erest thereon, st thc_Note rate; shall-
<br />become additional indebtedness of Borrower secured by this Decd of Trust. Unless Borrower and Lender agreetn
<br />other terms of payment, such amounts shall be payable upon notice from Lender w Horrower royuesting paymeirt`
<br />thereof. Nothing contained in [his paragraph'shal] require Lender to incur anwexpensc or rake anv action hereundea''
<br />8~ [mpoctioa. Lender may make or souse to be made reasonable entries upon, andinspec,Unnsbf,the Property;.
<br />provideu that Lender shall glee Borrower nor<cc prior to anysuch mspeetion,specih~ing reasonabfecause therefor.
<br />related to Lender's interest in the Property'.
<br />~. Coodemnatian. Tha pnxceds of anv award ur ~•latm fordamages,direct orconsegnential, inconnection~with
<br />any condemnor+nn or other taking of the Property, or part thereof, or fat cunt^eyance in'.tieanf condemnation; are..
<br />hereby assigned and shall be paid ro Lender. sublecttn the terms of any mortgage, deed of trusfor other security agree-'
<br />moot withalien which has priority over this DeedofTrust.
<br />10. Borrower Not Rekrsed; Forhxxrsnce By Lender Not a Waiver. Extension of the time for,pacmeat: nr
<br />modification of amortization of the sums secured by this Deed of-Trust granted by Lender fv..anysuccessor'in interest. of.
<br />Borrower shall not operate to release, in any rn:mner,tfi'e liabiltty of theoriginat Borrower and"Botmwer'ssuccessors in
<br />interest, Lender shall not be required to commence. proceedings agaiant such ;uceessor or rethse to extend 'time fncpay-
<br />L ment or otherwise modilj amortizahor: of the wt is seccred by this Deed of Trust by reason o1`,any demand made bythe
<br />orlgina! florrcwer and Borrower's successor m toterest..~nY forbearauee by Lender in exercising any righ¢ on remedy-
<br />_ hereunder, or otherwise afforded b}' applicable ia~y, shall trot he v w voer ofor preclude the Cxercise of any such right nr
<br />remedy,
<br />11. Successors wd Assigns Round; Joint and Several Liubddv;Co•signera.T'he cnvcnants and•~grectncnis
<br />herein contained shall bind, and the rights hereunder sh dl im:ra to tti_ respecGvc successors and assigns of Lender and
<br />Herrcwer, su bjecr to the provisions of paragraph i n I sere ~,E Al lcoyeuan is and agreements oC.HOrrowec shall be joint ;xnd
<br />several. Any Borro:vcr w`io co-si,crL4 thn Deed t -! cast, bat d~~csnvt exc..°uteahe Ngts, to is cn-signing this'tk~ecl pf i'rust
<br />only tortrant and convey that Borrower's interest in i h~_ Property to Trustee attder the terms of tln+ Deed of Trust. lh! is
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