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<br />. If Barx*pwer.pavs Funds to Lender;. the-Funds shall brheld in an instixution the depositsoraccounts of which are
<br />insured or guaranteed by aFederal or state agencytinc[uding Lender if [znderss such an institution), Lender'shalt apply
<br />the Funds [o pay said [axes; assessments, msuance premiums and ground4ents. Lender may not charge for so holding
<br />and applying the Funds; anal}zing said. account or verifying and compiling said assessments and bills, unless. Lender
<br />!- ...pays 8oirower interest on the. Funds and applicable law permits Lender to make such a'charge. Boirower and Leader
<br />may agree m writing at the time of execution of this Deed of :Trust that intereston the Funds shall he 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 interest or earnings on the Funds. Lender shall give to 8otrower, without charge, an annual
<br />accounting ~f the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was
<br />made. The Funds are pledgedas additional security forthe sumssecured by this Deed of Trust.
<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 of taxes, assessments, insurance premiums. and ground rents, shall exceed he amountrequired to pay said
<br />taxes, assessments, insurance prerniams and ground'rentsas they fall due, such excess hall be, at Borrower's option,
<br />either,promptiy repaid to Borrower or credited to Borrower on monthly installments of Fonds. if the amount of the
<br />Fuads held by Lender shalt not be sufficient to pay taxes, assessments; insurance premiums and ground renu as they fal I
<br />due, Borrower shall: pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender
<br />mayrequire.
<br />Upon payment in full of all sums secured by this Deed of Trust. LendershaU promptly refund to Borrower any
<br />Funds. held by Leader. Cf under paragraph,l7 hereof the Property is sold or the Property is otherwise acquired by
<br />Lender, Lender shall apply, ao later than immediately priorto the sale of the Property or its acquisition by Lender, any
<br />Fuads heldby Lendtt at the time of application az a credit against theaums secured by his Deed of Trust.
<br />3. Applieatlos of Pa~me~4. Unless applicable Saw provides' otherwise, all payments received by Lender under
<br />the Note and paragraphs Y and 2 hereof shall be applied by Lender first in payment of amounu-payable to Lenderby
<br />Borrower: under paragraph 2 hereof; then to interest payable on the Note, and then to the principal of the Note..
<br />4. PeMr Maittpga asd Dadro[ Trtat; Chaerst Liear. Borrower shall perform ail of Borrower's obligations
<br />under any mortgage. deed of trusror`other security agreement with a lien which has priority over this Deed .of Trust.
<br />including-Borrower's covenants to make payments whendue_ Borrower shall pay or cause to'be paid°all-taxes.
<br />assessments and other charges, fi>KS and impositions attributable to the Property which may attain: a priority over this
<br />Deed of Trust. andaeasehold payments or ground rents,' if any.
<br />S. HwYd Irttrmce. Borrower-shall keep the improvement;:now existing or hereafter erected on the'Property
<br />insured against lossbyfire, hazards included within the term "extended coverage", and such rtthet hazards as Lender
<br />mayrequire and in such amounts and for such periods az Lender mayzequire.
<br />llte insurance carritt providing heinsurantt shall be chosen by Borrower subject to approval by Lender; provided.
<br />that such+approvalshall norbe unreasonably.withheld. All insurance,pohcies and renewals thereofshall be'in a form
<br />acceptable to Leader and shall include a standard mortgage clausein favor of and in a form acceptable ro Lender.
<br />Lender shall have the rightto hold the policies and renewals thereof. subject to the tezmsof any mortgage. deed of trust
<br />or othecsecurityagreement with' a lien which has priority over this Deed of Trust
<br />In the evenfbf loss, Borrower shall give prompt notice to the insurance tamer and Lender. Lender may make proof
<br />of loss if not madtpromptly by Borrower.
<br />[f the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 `days from she dace
<br />notice is mailed by [.coder o Borrower that the insurance carri.r offers to settle a claim for i nsurance benefits Lender is
<br />authorized to collect and pply the insurance proceeds at Lender's option either to restoration or repair of the
<br />Property or to the sums secured by this Deed of Trust.
<br />6. Praaar.ati~n tad Maiatedoe o[ Property; Iea~ebolds; Condominiums; Phuroed Unit Developments: Bor-
<br />rower shall keep he Property in goad repairaad shall not ci~mmit waste or permit impairment or deterioration of the
<br />Property and shall comply with the provisions of any lease if his Deed of Trust is ~n a leasehold.,If this Deed of Trust is
<br />on a unirin a condominium or a planner! unit development. Borrowershall perform ail of Borrower's obligations under
<br />the daclara[ion or covenants creating or governing the condominium or planned uni[ development, the by-laws and'
<br />regulations of the condominium ar planned unirdevelapment, and constituenrdocuments
<br />7. Pieteetloa of lender's Sac[viry. [f Botrowerfails to perform the covenants and agreements contained in this
<br />Deed of'frust. or if any action ar peoceeding is commenced which materially afTec[s Lender's interest in Lhe Ptopem'.
<br />then Lender, at Ltnder's option, upon notice to Borrowei: may make such appearances, disburse such sums. including
<br />rcasonable attorneys' fees, and take such action as is necessary ro protect Lender's interest: !f Lender. regmred mongage
<br />insuranceaz a condition ofmaking the loan secured by this Deed ofTrust, Borrower shallpay the premiums required to
<br />maintain such insuraacria effect untilsuch time`as the requirement for such insurance termina[es'in accordance with
<br />Borrower's and Lender's written agreement orapplicabledaw.
<br />Any amounts disbursed by Lender pursuant to this paragraph 7, with interest Thereon. at the Note rate, shall'
<br />become additional indebtedness of'Botrower secured bylthis Deed`of Trust. Unless Borrower and Lender .agree to
<br />other terms of payment,-such amounts shall belpayabfe'upon notice from Lender to Borrower requesting'p vment
<br />thereof. Nothing contained inthis paragraph 7 shall"require Lendtt to incur anv expenseortake anv action hereunder.
<br />8. Inspection: Lender may make or cause to be made reazonable entries upon and inspections of xhe Pzopem.
<br />provided that Lender shailgivt Borrowtt notice prior to `any such inspection specifying reasonable cause. therefor
<br />related to Lender's intetesYin the Property. ;
<br />9. Cantle®nrtiou. 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 shallbe paid to Lender, subject to thetermsof any mortgage, deed of trust or other security agree
<br />ment with a lien which haspriorityoverthis DeedofTrust..'.
<br />)0. Bocrovrer Not Released;-Forbearaace_.By Lender Not a Waiver. Extension of the time for :payment or;'
<br />modification of amortization of the."sums secured. by this Deed of Trust granted. by Lender to any successor in interest oE' -
<br />L Bonower shall nor operate to release, in any manner, the liability of the ori;tnal Borrower and Bottower's successors in
<br />interest. Cxtider shall not tx required to commence proceedipgs agains[ sucn successor ac refuse to extend rimz far pay-
<br />ment or otherwise modify amortization of the sums secured by t?ris Deed of Trust by.reason of anydemand made by the
<br />original Borrower and Borrower"s successors in interest: Any forbearance by Lender m esercistng ant: right or remedy
<br />hereunder, or otherwise afforded by applicable law, sha31 nqt be a waiver of or ;~recludc the exercise bf any such nght or
<br />remedy.
<br />11. Succerson aed :lsaigm Bound; Joint and Several Liability; Co-signers. 7-hecoyenants and agreements.
<br />=. herein contained shailbind, and thenghL~ hereunder shalt-inure toCttie respcctiye successors andassigns nt l-enderund
<br />Borrower, sur;ect io the provisions of parer;: aph 16 herci~f. All covenants and agreements of Born>wer shall be joint and
<br />several Anv Borrower who co-signs this Deed of Trust. but dcx not execute the Note, (a7is co-signing tins Ikad of Trust
<br />oniytograni andconvey that Borrower's interest in the Prr:~pcn} ut Trusts under the tzxms of thisLlra1 ot'Trast. fb) is.
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