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<br />'7F8orrower pays Funds [o Lender, the Funds shall be held in an institution [he depcxits or actrounts of which are
<br />insured or guaranteed by a Federal or state agency tincluding lender if Lender is such an institutionl. Lender shall apply
<br />the 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 bills. unless Lendes
<br />pays Borrower intcrest on the Funds and applicable law permits Lender to make such a charge. Borrower and- Iznder
<br />may agree in writingat the timeof execution of this Deed of Trust that interest on the Funds shall be paid-to Borrower:
<br />and unless sucfragreemept.ismade or applicable law requires such interest to be paid, Lender shall norbeaequired
<br />to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without charge; an annual
<br />aceaunting of thefunds showing credits and debits to the Funds and the purpose for which each debit to the Funds waz-
<br />made. 1'he Funds are pledged az additional security for the sums secured bythis Deed ofTrust.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dates oftaxes, assessments, insurance premiums and ground rents, shall exceed the amount required to paysaid
<br />taxes. assessments, insurance premiums and ground rents as they fall due, such-excess shall be, at Borrower's option,
<br />either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount oftehe
<br />Funds held by LendetshalLnot be sufficient to pay taxes, assessments, insurance premiumsand groundrents as they fall
<br />due. Borrower shalt pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender'
<br />may require.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any
<br />Funds held.: by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by
<br />Lender. Lendershall apply, no later than immediately prior to the sale of the Property ar its acquisition by Lender, env
<br />Funds heldby Lender at the time of appiicationas a credit against the sums securedby this Deed of Trust.
<br />3. Appiicatioe of Paymeesta. UNess applicable law provides otherwise. all parmrenis received by Lender under
<br />the Note and paragraphs 1 and 2 hereof shalLbe applied by Lender first in payment of amounts payable to Lender'by
<br />Borrower under paragraph 2 hereof, then to interest payable on the Note, and then to the. principal ofthe Note.
<br />4. Prior Mortgttgea-and Deeds of Trost;. Charges; Lleer. Borrower shall perfot-m all of Borrower's. obligations
<br />under any mortgage. deed of trust or other security,agreemenru~ih alien which has priority over this Deed of Trust,
<br />including Borrower's covenants to make payments when due- Borrower shalt pat or cause to be paid: all taxes,
<br />assessments and other charges, fines and impositions attributable to the Propem• which may attain a priority over this
<br />reed of Trttst, and leasehold payments or ground rents. if any.
<br />5 Ha=red L~s~eaoce. Borrower shall. keep the improvements now existing or hereafter erected. on the Property.
<br />insutzd against loss by fire, hazards included within the term "extended coverage", and such otherhazards as Lender
<br />may requite and in uch amounts and. for such periods as Lender may require.
<br />The insurance carrier providing the insurance shall be chosen by Borrowersubiect to approval by Lender; provided.
<br />that-such approval shall. nocbe unreasonably withheld- Ali insurance policies and renewals thereof shall, be in a form
<br />acceptable to Lender and shall include a standard. mottgage clause in favor of and in a form acceptable to i.ender:
<br />Lender shall have the right to hold the policies and renewals thereof, subject. to ehe terms of any mortgage, deed of trust
<br />or othetsecurityagreement with alien which haspriority over this?Deed of Trust:
<br />In the event of loss, Borrower shall give prompt..notice ro the insurance carrier and Lender. ?.ender may make. proof
<br />of loss if nottnade protptly by Borrower.
<br />If the Property is abandoned by Borrower, or iEBorrower fails to respond to Lender within 30 days from the .date
<br />notice is mailed by Lender to Borrower that the insurance carrierotters to settle a claim for insurance benefits; ixnder is
<br />authorized to collect and apply the insurance proceeds at Lender's option either to res[oration or repair of the
<br />Propertyor to the sums secured 6y this Deed oETrust:
<br />6. Prarervatioa-and`Maintenanee of Property; Leaschddat Condominiums; Planned.. Unit. Developments. Bor•
<br />rower shall keep the Property in good repair and sha14 not commit wazte or permit impairment or deterioration of the
<br />Property and sha11'compiy with the prrnisions of any lease if this Deed. ofT'rust is on a leasehold. ]f this Deed of Trust is
<br />on a unit in a condominium or a planned unirdcvelopment Borrower shall perform :alt of`$orrower's obligations under-
<br />the declaration ar covenants creating or governing the condominium or planned unitdevelopment, the be-lawn and
<br />regulationsof3hecondaminiumor planned unitdevelopment, andronstituent documentt.
<br />7: Ptotectioa of Lender's Security. If Borrower. fails to perform the covenants and agreements contained-in this
<br />Deed of Trust, pr if any action or proceeding is commenced which materially affects Lender's interest in the Property,
<br />then Lender; at I-tinder's option, upon notice to Borrower: may make such appearances, disburse such ums: including
<br />reasonable:attornevs' fees, and take such actionas is necessary to protect Lender's interest. If Lendetrequired mortgage
<br />"insurance as a condition of making theloansecored by this Deed of Trust: Borrower shall pay the premiums required to
<br />maintain'such insurance-in effect until such time as'the requirement forsuch insurance terminates in accordance with
<br />Borrower's-and Lender's written agreemeotor applicable law.
<br />Any, amounts disbursed by Lender pursuanrto this paragraph,', with interest thereon. at the .VOee rate. shall
<br />become additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender. agree to
<br />other terms of payment, such amounts shall be payable upon notice from Lender to Borower requesnng p }mrem
<br />thereof: Nothing contained in thisparagtaph_7shell require Lender to incur any expense or ta):e any action hereunder.
<br />S. Iaspettioo. Lender may make or cause to be made reasonable entries upon and inspections of the Propem,
<br />provided that Lender shalt give Borrower notice prior to-any such inspection specifying reasonable cause. therefor
<br />related to Lenders interestin the Property.
<br />9. Caademnaiion. The. proceeds bf any award or claim for damages. direcC ocronsequentiai. in connection with
<br />any condemnat'son_ot other' taking of the Property, or part thereof, or for conveyance 'in lieu of condemns[ion, arc
<br />hereby assigned and shalt be paid;a Lender, subject to theserms of any mortgage, deed o trust or other security agree-
<br />mentvith alien. which has priority over this Deed of Trust.
<br />Ip. Borrower Not Released; Forbearsace sy Lender tot a W'aivee. Extenson c>f the time for payment or
<br />modification of amortization of the sums secured by this Deed of Trust. granted be Lender to any successor in interest of
<br />Borrower shall notoperaee toreleaze, in any manner, the liability of the origins; Borrower and.Borrower's successors itr
<br />interesx. Lender shall not be required to commence proceedings against sueh successor or refuse to cztend time for pay
<br />mentor: otherwise. modify amottizatio^t of the sums sccured try this Deed of Trust by reason crept demand made. by the
<br />original Bottower and Borrower's successors in interest. Any ferbcarance by Linder m rxerctsing env right or remedy
<br />hereunder, oroiherv:ise afforded by applieablelau~, shall not be a :caiver r>f or hrecludethe a.eucisi of ant. such right or
<br />em: dv.
<br />. li. Ss:cccssun sad Assigns Bound; Joint and tieseral LiabiGtc; t:s.signrrs 1 }e ~c,~:t ,:,r.:s :rt .a k,.~~:tvnts
<br />herein contained shall bstui, and ehe rights hereunder shall inure tr;t. the rc aK:etive ,u ~ -ssur~, ar ~.aiy,ns t rri;cr and
<br />Borrower. cubje~t to>the prw¢stons cat paragraph Ir, 4e rt e>L AS1 c,~. cr. a~n,s uc <ayYCCrzeints,~! kf,-.n. +e: +It. :: lk. , ~:nt d,rd
<br />xc-~.ae,t3.:1nr Br_,^rv~wer whE> ca ~,igt=., -hr1 t1re~,S ,d~ Freist r,ut t1~sc•, n , , .:,.;r ,trc ~c,te, ~ ;.w c;~.~ ,,..u,r; -tug 1'>rc„ ,~t Tre-a
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