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<br />ff Borrower pays-Funds'ro LenderiYhe Funds shall be held in an institution the deposits or accpunts of which are'
<br />insured or guaranteed'bya Federal or state: agen~^y{including Ixnder if Lender is such an institution): Lender shall apply
<br />the Funds ro pay said takes, asxssments, insurance premiums and ground serifs Lender may nor charge for so holding
<br />and`apptnng the Funds, analyzing said account or verifying and compsling said assessments and bills; unless,Lender
<br />pays Borrowee interest nn the Funds and! applicable law permits Lender to make such a charge. Borrower and Lender
<br />may agree in wriftng at the time of execution of then Deed of Trust that interesfon the Funds shall be paid to Borrower.
<br />and unless such agreement is made or applicable law requires such interest to be paid; Lender shall not be requited
<br />to pay Bcxrower ar+y intttest or earnings on [heFunds.ixnder shall-give to.Borrower;withourcharge, ae-annual
<br />accounting of the Funds showing credits and debits to the Funds and the purpose fine whicheach debit io the Funds was
<br />made. The Funds are pledged as additional security for ehe sums secutiedby this Deed of Trust.
<br />If the amount of the Futtds held by Lender, together with the future'monthly installments of Funds payable prior to
<br />the due dates of-taxes, assessments, insurarce premiums and. ground rents, shall exceed the amount required ro pay said
<br />taxes, azsessmenu. insurance premiums and ground rents as heg fall due. such excess shall be, at Borrower's option,
<br />either promptly repaid to Borrower accredited to Borrower on monthly installments of Funds. If the amount of the
<br />Funds held'by Lender shall not be sufficient to pay taxes, assessments. insurance premiums and ground rents as they fal l
<br />..due. Borrower shall pay to Lender any amount necessary to make up the deficiency in one or tnore payments as Lender
<br />may require:
<br />Upon,paymentin full of all stuns secared by'this Deed of Trust;.Lender shall promptly refund to Borrower any
<br />Funds held by Lender. If under paragraph l7 hereof the Property is sold or the Property is otherwise acquired by
<br />Lender. Lender shall apply, no later than immediately prior to the sale of the Property of its acquisition by Lender, any
<br />Funds held by Lender at the time of application az a credit against the sums secured by his Deed of Trus[.
<br />3. ApplkatMs of Payso4. Unless applicable law provides otherwise, all'pavments received be Lender under
<br />the Note`and paragraphs I and3 hereofshall be applied by Lendertirstin payment of amounts payable to Lender by
<br />Borrower under: paragraph 2 hereof, then to interest payable onthe Note.: and then to the principal of theNote.
<br />4. Pries Martp~er aad L~seb o[ Tr_t; CAnrgea; Liens. $orrower shall perform all of Borrower's obligations
<br />under any mortgage. deed of trust or other security agreement with a lien which has priority over this Deed of Trust.
<br />induding ;Borrower's covenants to-make. payments when due. Borrower-shall pay or cause to be''paid al! taxes.
<br />assessments attd'othercharges, fines and impositions attributable to the Property which may attain a priorityover this
<br />Deed of Trrtst, andleasehoW payments orground rents, if any.
<br />S. Htstard IweYCe. Borrower shall keep. the :improvements now. existing ok hereafter erected on the -Property
<br />insured against loss. by five, hazards induded within the term extended coverage", and such other hazards as Lender
<br />may require and in such amounts and for such periadsaz Lender niayrequire.
<br />The insttrantt carrier providing he instuance shall bechoxn by'Borrowersubjectto approval by Lender; provided,
<br />- that such approval shall nor be unreasonably withheld. All insurance poiicres and renewals thereof shall be fines form
<br />acceptable-to Leader and shalt include a standard:: mortgage dause'infavor of and in a Entree acceptable to .Lender.
<br />Lender shall have thrright to hold the policies and renewals thereof subjett to the [etrrisbfany mortgage. deed of trust
<br />or othersectulty agreement wish. a lien which has priority over this Deed'of Trust.
<br />In'the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lendermay make proof
<br />of loss ifnotmsde ptrorupNy by Borrower.
<br />if the Property: is abandoned by Borrower, or 1f Borrower falls to respond to Lendei within 30 days from the date
<br />notice: is mailed by Lenderto Borrower that the insurance carrier otters to settle. a claim for insurance benefits. Lender is
<br />authorized:: to collect: and ,apply the insurances proceeds ar Lander"s option either to restoration or repair:: of the
<br />Property or to thESUrtts secured by this Deed of Trust.
<br />6. PnaenntMa aid Malnte~rcrof Property; heaaeholds; Contiominitttmt Planned: Unit'Deveiopments. Bor-
<br />. .'rower shall kxp the Property in good repair and hall not commit waste ar permit impairment or det~riorationof'the
<br />P~opertyand shall comply with the provisions of ary leaze if this Deed of Trust is on a leasehold. if this' Deed of Trust is
<br />on a unit in a condominium or a planned unit development. Borrower shall perform all of Borrower's obligations-under
<br />the declaration or covenants creating or governing the condominium or planned unif development. ',the by-laws and
<br />`regulations of the condominium orpianned unitdeveiopment. and consfstuent documents.
<br />?. Progetion o[ Iader's Seettrlry. if Borrower fails to perform the cuvenan[s and. agreements contained in this
<br />Deed of Trust, or if any aMion or proceeding is commenced which materially..affects Lender's interest in the .Property,
<br />"then Lender; ar Lender's option, upon notice to Borrower, may make uch appcarances,'disburse such'sums. including
<br />reasonable attort~eys' fees, and take such: actionaz isnecessary ro proceM Lender's interest.: [f (xnder required mortgage
<br />insurance az a condition of making the loan secured by this'Deed of Triut. Borrower shall pay [he premiums required w
<br />maintain such insurance in effect untiF such time az'the requirement for such insurance terminates in accordance with
<br />Bcrrower's and Lender's writtenagreentent ocapplicable law.
<br />Any amounts disbursed by Lender punuanr to this paragraph 1, .with interest thereon, at the Note rate. shall
<br />become additional 3rrdebtedness of Borrower scented by,this Deed of Trust. C3nless Borrower and Lender agree to
<br />other terms of payment, such amounts shall t+e payabit upon notice from Lender to $orrower requesting p.'yment
<br />thereof. Nothing rnntained in albs paragraph 'shall require Lender [a incur any expense or take anyadtion hereunder.
<br />8. ltrrpectien. lender may make or cause to bt made reasonable entrees;upon and inspections?of the Property.
<br />provided that Lender shall give Borrower nafice prior to any such inspectiomspecilving reazonable cause therefor
<br />related to Lender`s interest in the Property..
<br />9. Caadetseetlom. The proceeds of any award or claim for damages. direct: or consequennal, in connection u ith
<br />any condemnation or other taking of the.Prnperty, or part thereof, or for conveyance in ]ieu of condemnation. atz
<br />hereby assigned and hall be paid to Lender, subject:eo the terms of ant mortgage: deed of frost or other security agree-
<br />- 'mint with a tea wEtich haz priority over ibis Deed of Trust. '
<br />t9.'Bsrr~wer islet Released: Forbearance By Lender !Vd a Waiver.- Extension rf the time' for paprnent or
<br />rnodifiearion of amortization of the sums secured by this Deed of Trust grantel by Lender uianc successor m interest of
<br />L Borrower shall not operate to release in any manner. the liahiiity of the ortgmal Borr~wzr and Brirrowcr's Successors in
<br />mcerpt. Lendershail rent berequtred to eommenc° prxecdings against su.h success x or tallest ,o -zxtend nmefor pay-
<br />ment or otherwise modify amortizadnn of the sums secured by this Deed of Trust by rea,t~^ of any demapd madeby the
<br />original Borrower and Borrower's successors in interest An~~: fn b~:ar;irc~ 5} I_ci=der In rs~rctsitaR an}' -fight orremedy
<br />hereunder. or otherwise atTorded by applicable law, shall not be a waiver otor preclu~te the rxerctseaf any such-r'sght or,
<br />remedy.
<br />II. Srccasson end Aosi~x [ioand; Join[ a.ed Several Lixbilitr; Cu-signets. 1 nc ~. ~erants and agreements
<br />herein contained shall bind, and :he rights hereunder stn.I ;n ire ~., ;Ft r~.pcc:i.e su ~ ,t-., an' .~xi~4s cat Lander and
<br />grower. subject to the provis{ons.~1 parag al:n :6 hc[eof- Aii "x~~aanr•..ird agree±*u m~. , , i3er~ aereitaSt oa..ji~jnt and
<br />several. An•r B~~rrowcr hhoco-.i~~s th,• De_d t "truer but alerts n. acu:_ .he i ~. li is co->tgning xt;i> 1?rfxi of'1"rust
<br />atnly to grant and convey that Borrowcr'3.intc~ ~~t in ;he Prtperte Cu Trtrstce tinder t!re t4rrtS ul itt,i 17eGd ai 3`rts*, tI+) is
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