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<br />82-- (103949
<br />If Sotrowerpays Funds to Lender; [ha Funds shall be held in an institution the deposits oc accounts of which ate''
<br />:insured or guaranteed by a Federal or state agency (including Lendecif Ixnderissuch an institution). Lender shall apply
<br />tha Funds to pay said taxes., assessments, insurance'gremmms and ground rents: Lender may net charge forso holding
<br />and applying the Funds, analysing aid account or verifying and comps ing said assessments and bills. unless Lender
<br />pays Bortower interest on the Funds and applicable law permits Lender to make such a charge Borrower and Lender
<br />' r may agree in writing atthz time of execution of chic Deed ofTtt~st [Prat interest on the Fundsshall be paid to $otTOwer,
<br />and unless such agreement is made or applicable law requires such interest to be paid, Lender shall not be required
<br />to pay Borrower any interest or earnings on the Fund:. Lender shall. give to Borrower, without charge, an annual
<br />accounting of the Funds showing credits and debits to the Funds and the purpose for which each'debit to the Funds was
<br />Trade. The Funds arc pledged az additional security for the sums secured by this Deed of Trust.
<br />If the amount of the Funds held by Lender, together with the future'monthly installments ofFunds payable prior to
<br />the due dates of Lazes, assessments, insurance premiums and ground'rents, shalLexceed the amount required to pay said
<br />taxes, azsessmenis, insurance prcmiurrrs and ground rcnts'az they. fall due, such excess shall be. at Borrower's option,
<br />either promptly repaid to Borrower or credited to Botrowerbn monthly installments of Funds. if the amount of the
<br />Funds held by Lender shall not lac sut&cient to pay cues assessments, insurance premiums and ground rents as then fall
<br />due, Bortowet shall pay to Lendetany amount necessary to make up fhe deficiency in onebr more payments as Lender
<br />may require.
<br />£]pon paymentin full of all sums secured by this Deed of Trtist, 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.,Lender shall apply, no atcr:than immediately prior to the sale of the Property or iu acquisition by Lender, any
<br />Funds heldby Lender at the time of application u a credit against the sums secured by this Deed of Trust.
<br />3. Appl~`ofPa~wdta. Jnless applicable law provides otherwise, all payments received by Lender under
<br />the Note and paragraphs 1 and 2 hereof shall be applied by Lender first in parTttent of aptounts payable to bender by
<br />Borrower under paragraph thereof. thm to interestpayabie on the Note, and then to the principal of the Note.
<br />3. Pelsx Maatppa as~d iDaai of_Ttt~t; C6aepa; Lieaa. Borrower shall perform all of Borrower's obligations
<br />under. any, mortgage:. deed of trust or other security: agreement with alien which haz priority over this Deed of Trust.
<br />includingBottower's covrnaats to make pavmenu when clot. Borrower shalt pay or cause to be: paid all rases.
<br />a«~~*ents and other charges, Ernes. and impositions attributable to the Propem which may attain a priority over this
<br />Decd of Trtut. and leasetaW psymcnts or grotwd rents, if any.
<br />S. H~tasi iwrYta. Brower shall keep the improvemems now: existing or hereafter erected on the Property
<br />insured against loss,by fire, hazards included .within the term "estended coverage", and such other hazards as Lender
<br />may require and insnch amounts and forsttch periods az Lender may require.
<br />The insuraoa carrierproviding the insurance shall be chosen by Borrower subject to approval be Lender; provided.
<br />that such' approval shalt not be unreasonably withheld. Alf insuranccpolicies`and renewals thereof snail be in a form
<br />acceptable to Lender and shall.indudra standard: mortgage clause m favor of and in a form acceptable to"Lender.
<br />Lends[ shall have the right to hold the policies and renewals thereof. subject to thcterms of any mortgage, deedo`trust
<br />or other security agreement with a lien which has priority ovtt this Deed of Trust.
<br />In the event of loss. Hottowtr shall give prompt. notice to the insurance carrier and Lender. LerJdafmay make proof
<br />of lost if not made promptly by 13oerower.
<br />If the Property is abandoned by Borrown, or if Borrower fails to.respond to Lender w~irhin 30 days from the .date
<br />notice is mailed by (.ceder to Bortower that the insurance carrier otters to settle a claim forsnsurance benetits. Lender is
<br />authorized to rnt1eM and apply thr insurance proceeds ae r,cnder's option either to restoranon oe repair of the
<br />Property onto tflrsums secured by this Deed of Trust.
<br />6. Pttasanatiaw`aed MWtwaacr:of Pe~srty; Iwneiolds; Cowdominir~s; Planeed L'nlt Developments: Bor-
<br />rower shall keep the Property'in goad repair aedshall not commit waste or permit impairrnent or deFeriorabUn of2he
<br />Property"and shall comply with the provisions of any leaseif this Iked of Trust is on a ieasehoid. if this' I?eed of Trust is
<br />on a unit in a condominium ota plannedunit develapment<:Borrownr shall perform all of Borrower's obligations under
<br />the declaration or covenants creuiag or governing: the condominium or planned: unrt development, the by-laws and
<br />regulatans of the condominium ar planned unit development, and constituent documents.
<br />7. PntactMw ai Lsaies's Sae~ritf. If Borrower tads to perform the covenants and agreements contained in this
<br />Iked of Trust, cx if any aedon or proceeding is commenced which materially affects i,tnder's interest in the ?ropeny.
<br />then Linder, at L,ender's option, upon notice to Borrower. map make such appearances. disburse such sums. including
<br />reasonable attorneys' tees, and take such action u is necessan to protect Lender's interest. ]f Lender required mortgage
<br />insurantt u a rnndition of making the loan secured by this Died of Trost, 8ortowrr ,hall par the premiums required to
<br />maintain such insurance in effect until such time as the requirement for such insurance ternunaces in accordance with
<br />Borrower's and Lender's written agreement or applicable law.
<br />Any amounts disbursed by Lender pursuant to this paragraph ". •+;rh interest thereon. at the tiote race. shall
<br />become additional indebtedness of Borrower secured by this Deed of Trust. finless Borzowcr and Lender agree to
<br />other terms of payment, such amounts shalt be payable upon notice from Lender to Borrower reoues[ing p vment
<br />thereof. Nothing contained in this paragraph' shall require Lender to incur smr rxpense er take any action hereunder.
<br />(d. Ifpaetlw. Lender may make or cause to be made reazonable entries upon and inspections of ire Propeac.
<br />provided that Lender shall give Borrower notice prix to any such inspection specin'ing zeasorable cause therefor
<br />related to Lender's interest in the Property.
<br />9. Cradara[iw. The proceeds of any award or claim for damages. direct or consequential. in connection with
<br />any condemnation or other taking of the Property. or part thereof. or for conveyance in lieu of condemnation, are
<br />hereby assigned and shall be paid to Lender. wbject to the tents of ans muttgage, deed u.f trust or oth~_r security agree-
<br />. men[ with a lien which has priority over this IJeed of Trust.
<br />10. 9aen+ver NN Rekaaed; Fvrbraraece By Under rot a Waiver. Fvtrnsio^ of the time tix payment yr
<br />modification of ams~~tlzatiDn of the sums secured Zry this eked of Truer g:antcd b:~ Lender to an~~ su ~•cssix in interest of
<br />L Borrower shall nM operate to release, in any manner, the liabiittc of the o~~~nai Borrower and So-r'_wt•r s u- ~e,surs in
<br />interest. Lender shall rot be required to commence pnz+eedings akarnst such :urtts.wr ar rct^ es:cnd im tut pas~-
<br />ment or oth~rrise modify amortization of the sums secured h}~ this 17eed of i nlst h} rr:iscut -:~f arc demand Rtade by tee
<br />original f4ortower and Borrower's successor in interest. n} Ft+rbra;anac bs~ Lendc r ~acecsrny; amt ; -ht or ~:rn n•d~
<br />hereunder, or otherwise afforded by applicable !aw_ shall not be a ~•s•aiva•r f -.r;srcclr .ie ~-h,: e. ue ~. `an. ;urh rrgnt .:~r
<br />remaav
<br />il_ Saceesaors and Aaaltpu Bennde Ju4tt u~d 4.'eral lixbifitp; Ce-eiynerx In~e c.. .i.~, ,. ;.~; cr; ,;ar.
<br />herci~ c.untainr•d shall cinil_ and. the rights hcreuud?r si a;l !Hare t.~. the rast><.ai~c +,cc:,e .. :. ."~y,.~ ~ : ~r~Srr .~r~;l
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