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<br />[fBorrowerpaysFundstoL.ender.theFundsshallbeheldinaninstitutionthedeposits;or,aceountsofwhichare
<br />insured or guaranteed by'a Federal orstate agency linduding Lender if Iienderis such an institution). Lender shall apply
<br />the Funds to pay said taxes, .assessments, insurance: premiumsand ground rents. Lender may nor charge torso holding
<br />and applying the Funds, analyzing said accotmEor verifying and campiling said assessments and bills, unless Linder
<br />pays Borrower interesti on the Funds and applicable law permits Lander to make such a charge. Borrower and L.ettder
<br />may agree in writing at the time of execution of this Deed of Trust that interest on the Fundsshall be 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 />to pay Borrower any imeresTor earnings on the Funds. Lender shall glee ro Borrower,;without charge, an aunttal
<br />accounting of the Funds showing credits and dchits to the Funds and-the purpose for which each debit to the Funds was
<br />made. The Funds are pledged as additienal'sectirity for the sums secured by this L)eed of Trust
<br />If the amount of the Futtd held by Lender, together with the future: monthly installments of Funds payable prior to'
<br />the due dates of taxes, assessments, insurance premiums and ground rents, shallezceed the amount required o pay said
<br />.taxes, assessments, insurantt premiums and ground rents as they fal! due,such excess sfiall be, at Borrower s option,
<br />either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amounrof the
<br />Funds heldby Lender shall not be sufficient to pay razes, assessments, insurance premiums and ground rents as they fall
<br />due, Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender
<br />may require.
<br />Upom payment in full of all sums secured bythis Deed of Trtrst. i.ender'shatl promptly refund to Borrower any
<br />Funds held by Lender Tf under paragraph I? hercaf the Property is sold or the Property is otherwise acquired by
<br />Lender, Lender shall apply, no7ater than immediately prior to the sale of the Propem• or its acquisition,by Lender, any
<br />Funds held$y Ixeder at thetimeof application as a credit against the sums secured by this Deed of Trust.
<br />3. Applkatlos of Pa~memb. i,'.iless applicable Jaw: provides otherwise, all payments received br Lender under
<br />the Note and paragraphs 1 a~ 2 hereof shall be applied by Ceader first in payment of amounu payable to Lender by
<br />Borrower under pazagraph 2 hereof,'then to interest payable on the Note. and there to the principal of the`Note.
<br />4. PettK Moet~ aed D«b of Trot; ~C6arlest Lien. Borrower shall perform all pf Borrower's obligations
<br />under any: mortgagel deed: of trust oc other security agreement with a lien whicfi has priority over this Deed of Trust.
<br />indtrding Borrower's coi!enaats to make payments when due. Borrower shall pay ar cause to be'.paid ail -taxes.
<br />assessmenu and other charges, fines and impositions attributable`to the Propem-which may attain a priority over this
<br />Deed of Trust, and Jeasehold payments orground renu, if any. -
<br />S. Hasard IesQa~ce. Borrower shall kip the improvements now existing or hereafter: erected on the Property
<br />insured against loss by fire, hazards included within ehe term "extended: coverage", and such other hazards as Lender
<br />may [equine and in such amounts and forsuch e eriods as Lender may require.
<br />The insurantt carrier providing the insurance shall be'chosen bv$orrowersubject to approval by Lender; provided,
<br />that such approval'shall not be unreasonably withheld. A11 insurance. policies and renewals thereof shat] be in'a form
<br />acceptable 'to Lender. and shall inclade a standard mortgage. clause in' favor of and in a :form acceptable to Ixnder.
<br />Lender shall have the right to hold the policies and renewals hereofrsnbject to the terms of anv mortgage, deed of.r~st
<br />or other security agreement with a lien: which has priority over. this Deed of Trust..
<br />In the event of loss, Borrower shaltgivgpromptnotice to the insurance carrier and [.ender. Lendetmay make proof
<br />of loss if not made praoptly by Borrower.
<br />If the Property is abandoned by Borrower, or if Borrower fails to respond to Linder within 30 days from the. date
<br />:notice is mailed 6y Lender to Borrower that the insurance carrier otTers tosettle aciaim for insurance benefiu, Cinder is
<br />authorized. to collect-and apply the insurantt proceeds a[-Lender's. aption either to resroraUOn or repair of the
<br />Property onto thesums secured by this Deed of Trust.
<br />6. Pnesevatioa tad Maiatuaece of Property; Leaee6olds; Condominiums; Planned-Ureic Developments. Bor•
<br />rower shall keep the Property in goad repair acid shall norcomrnit :trice or permitimpairment ar deterioration of the
<br />Property and shall comply with the provisions of any lease if this Deed of Trust is od a leasehold, Jf this Deed of Trust is
<br />on a unit urn condominium or a piannod unit development- Borrower shalt perform all of Borrower's obligations under
<br />the declaration or covenants'cmating or"governing the condominium or planned unit development, the by-laws antl
<br />regulatioosof tltecondominium or planned unit develapmenC and constituent dncumen[s
<br />7, Protection of Let,dsr's Seevlg. if Borrower Fails to perform the covenants end agreements contained inlthis
<br />[ked of Trust.. or if am action or proceeding is commenced which materially affects Lender's interest'in the Property:
<br />then Linder; at Ixnder's option, upon notice to Borrower, may make such appearances. disburse such sums. indudinq
<br />reasonable attorneys' fees, and take such'aMion asisnecessary to protect Ixnder's interest. If L:i;nder required mengage
<br />insurance as a condition of making the loan secured 6y Lhis Deed of Trust. Borrower shall pay the premiums required to
<br />maintain such insurance in effect until such time as the requirement Soisuch insurance terminates in accordance with
<br />Borrower's and Lender's written: agreement or applicable law.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Nae rate. snail
<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 Borrower requesting p, vment
<br />thereof- Nothing contained in this paragraph 7 shall require lender to incur any expense or take any auicn hereunder.
<br />E. LasPestloa. Lender may make of cause co be made reasanable entries upon and inspections of the Property,
<br />provided that Ixnder shall give Borrower notice prior to any such inspection specifying ,reasonable cause therefor
<br />related to Lender's intertst in the Property.
<br />9, Caodemnatioa. The proceeds of,any award or claim for damages, director consequential: in connection with
<br />any condemnation or other taking of the Propem..~r pan thereof, or For conveyance in ieu ofrondemnation; are
<br />hereby assigned and shall be paid to lxnder, subject to the terms of any mortgage; deed of trust or other ecurin agree-
<br />ment with a lien which has priority over this Deed afTrust
<br />lU. Borroaer Not Rckasrd; Forbearance By; Lender Not a Waiver. Extension of the time for payment ar
<br />mtdificatioa of arnorri7atian of the sums secured by3his Deedof'hrust¢rarted by Lender rv any successor to interest of
<br />Harrower shall not operate to release, m any manner., theJiabiiita of the onvinxi Barrawer and: $orrowec's successors in
<br />interest. Lender shall oot be required to commenceproceedingsagainst inch successor or refuse to extend timefor pay-
<br />merit or otherwise ma-iify amortization of the sums secured by;this Deed of T rust by reason ofan} demand made;bv the
<br />original Sarrower and Borrower's successors in interest. wnv forbearahce b~ Lander in exercising any right or remedy
<br />herewtder. or otherwise afforded 6y applicable law. shalt not he-a waiver of or preclude theexerase of:any such right or
<br />remedy.
<br />11. Saceesson rind Aralgrre Bouadt Io1nt aad Several: L#ab#Iily; Cn-signers. The cosenants acrid agreements
<br />herein contasnctt shalLhiud, and the rights hereundershall inure.m. therespecine successors aml assigns::+: d~•nder and..
<br />Borrower, s?s6}ect to tfie provisions of paragraph. 1.6 hereof. Alicevenantsand agreentems o(Sbrrawer~ shall tx;.lvnx and
<br />several: any Barrawerwho co-signs this teed of Trust: but dcxs not execute ±he Nate. !a ~ is co-<it,•:ing thisCSeed et Trust
<br />unit' to grant and carvcy that Borrower's interest in the 1'ropeny to Trustee ~.rncier the terms nthts Deed i~t l rust, ihi is
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