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<br />IEBorrower,pays Fundsio;Lxnder, tht Funds shall be held in an institution the deposits or accounts of which ate -
<br />insured or guaranteed bv: a Federal or state agency (induding Lender iflinderis such an 9nstitution). Lender shall apply.
<br />the Funds to pay saidtaxes, assessments; insurance premiums and groiind'renis: Linder may norcharge for so holding
<br />and applying the Funds, analyzing said'aceount cr verifying and compiling said assessments and bills, unless-lender
<br />pays Borrower interest on-the Funds and-`applicable law permits Linder to make such'a charge. Borrower and Lender
<br />may agree in writing at the time of execution of this Deed. of Trust that interest onthe Funds shall be paid to Borrower,
<br />and unless such agreement is made or applicable law requires such: interest to:be paid, Linder. shall not be: required
<br />to pay Borrower any interest or earnings on the-Funds. Lender-shall give td Borrower;,without chazge, an annual
<br />...accounting of the Funds showing credits and debits to the Funds and the purpose'for which snob debitto the Funds was
<br />'made. The Funds are pledged as additional security for the turns se.^ured by this Deed of Trust.
<br />ifthe amount of the Funds held by-Lenders togetherwi[h the future monthlyinstallmenis of Funds payable: price to
<br />the due dates of taxes, assessments, insurance premiums-and ground rents,. shall exceed the amount required to pay said
<br />taxes, assessments, insurancepremiums and ground rents as they fall due, uch excess hall be; ar`Borrowerls option.
<br />either promptly repaid to Borrower or ct+edked to Borrower on monthly 5nstailments of Funds. if the amount of the
<br />Funds held by Lender shall notbe sufficient to pay.taxes, assessmentsr insurance premiums and groundsents 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 />Upon:: payment in fulLof all stuns secured by this I)<ed of Trust: Cinder shall promptty*efund to Borrower any
<br />Funds held by Lender. Lf tinder,paragraph li hereof the Property s3old otthe Property is otherwise acquired'by
<br />Lender. Lender shall`apply,po later thad immediately prior to the sale of the Propem or its acquisition by Linder; any
<br />Funds held by,Cender at the time of application as a credit against the stuns secured by this Deed of Trust.
<br />3. AppBcatioe of`PaFsets~. Unless applicable law provides otherwise; aJ1 payments received, by Linder under
<br />the Note aird paragraphs l and 2 hereof shall be applied by Lender fim in payment of amounts: payable to Lender by
<br />Borrower under paragraph 2 heteot, then to interest payable on the Note, and then to the principal of the Note.
<br />4. Priite Maitpger ua Deed4 of Trart; C6aegas; L,ices. Borrowecshail perform all of Borrower's obligations
<br />under any mortgage. deed of trust or other security agreement with' a Tien which has prioritrover this Deed of Trust.
<br />indtuiing` Borrower's' covenants to make paymenu when .due. Borrower shall.. pay- of cause to be paid all razes.
<br />assessments attd'other charges, fines and impositions attributable to he Property which may attain a priority over ibis
<br />Deed of Trust, and easehold paymrnu or gmnnd rents, if any.
<br />S. Heard Linnets. Borrower shall keep;the improvements .now existing or`hereafter erected on the'Property
<br />insured agairst loss by fire; hazards included within tht term "extended coverage". and such othec,hazards as Linder
<br />may regitiie and in such amounts and for such periods as Lender may require:
<br />The insuraatx carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; proy~ded.
<br />Ghat such. approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a farm
<br />accieptable to Lender and shall include a standard mortgage clause. in favor of andsin a form acceptable to Linder.
<br />Lendershall have the right to hold the. policies and renewals thereof: ublect to the terms of any mortgage; deed of trust
<br />or other security agreement with a7iemwhich has priority over this Deed of Trust.
<br />Tn the evenrbflou, Borrower shall give prompt notice to the insurance'carrier and Lender. Lender may makeproof
<br />of loss if not made promptly by Borrower;
<br />(f thePtoperty,is abandoned by Bottowcr,br if Borrower fails to respond to Lender within 30 days from he'date
<br />noriceis mailed by.Linderao Borrower that the insurance carrier offers to settle a claim for insurance benefits. txnderis
<br />authorized to collect and, apply the insurance proceeds at ixnder's optiomeisher to restoration ar repair of the
<br />< Property orxo the sums securtd by this Deedbf Trust
<br />6. Rnssnatla~'trd Maistr~oe of Properg, Lweholds: Condominiums: Planned Un1t Developments. Bor-
<br />rowershall kap he Property in good repair and ihail not commit waste or permit impairmen[ or decerioracion of [he
<br />Property and shall comply with-the prorisioas ofany lease if [his Deed of Trust icon a leasehold. (f this .Deed of Trusi is
<br />on a unit in a condominium or a planned brit development Borrower shal3 perform all of Borrower's obligations under
<br />the declaration or covenants creating or governing the condominium or planned unit developmenir the by-laws and
<br />regulations of the condominium or planned unitdevelopment. and constituent documents.
<br />7. PtrasctlM of leuder'a Sscvity. if Borrower fails to perform the covenants and' agreements contarned in this
<br />Dad of Trust, or if any action or proceeding,is,commenced which materially affects Lender's interes[ in the`Property. ,
<br />then Leader, u Lender'soption, upon notice to Borrower. may make such appearances;.disburse such sums. including
<br />reasonableattorneys' fees, aadtake such action as is necessary to protect Lender's interest; ]f L,endet'required mortgage
<br />insurance as a condition of making the loan secured by this Deed of Trust Borrower shall pay the premiums required *o
<br />maintain uch insurantt in effect untilsuch time as the requirement for such insurance terminates in accordance with
<br />Borrower's and L,ender's written agreement or applicable law.
<br />Any amounts disbursed`by Lender pursuantao this paragraph ?, with :interes[ thereon, at the Note rate. shall
<br />become additional indebtedness of Borrower secured by this Deed': of Trust: Unless Borrower and Lender agree [o
<br />other terms of payment, such amounts shall be payable upon notice from Linder to Borrower requesting ,p: yment
<br />thereof. Nothing contained inthis paragraph'shall require iertder toincur any expense ortake any action hereunder
<br />S. Litspetaloa. Lender may make or cause to be made reasonable entries upon and`iaspections of the Property.
<br />provided-that Linder shall :give Borrower notice prior to any such inspection specif}ing reasonable cause therefor
<br />related to Lenders interest in the Property.
<br />9. Cawdssastise. The proceeds o.` any award or claim far damages, director consequential. in connection wits ,
<br />any condemnation or other taking of the Properly, or part Yhereof, ar for conveyance in lieu of condemnation, are
<br />hereby assigned and shall be paid to Lender, subject to the terms ofany mortgage; deed of trust or ottiezsecurity agree-
<br />merit with a lien which has piionty overthis Deed of Trust
<br />1(i. Borruwee 'Not Released: Forbsaraetx BY Lender. Not a Waiver. Extension of the time, for, payment or
<br />modification ,._ amortization of the sumsseeured by this Deed ofTrustgranted by Lenderaoanysuccessgrin interest of ''
<br />L Borrower shall rat operate to release, in any manger, the liability of the original Borrower and Borrower's successors in
<br />interest. Lender shall not be required to cornmenceproeeedings against uch successor ar refuse to extend time for pay-
<br />ment or otherv~se modify amortization-of thesumsaecured,by this Decd of Trust 6y reason of ant demand made by the
<br />original Borrewcr and Botrower'< successors in interest. Aoy forbearance by Lersder in exerctsrng.a,ny right or remedy ,
<br />hereunder. ar otherwrsz afforded by applicable law; shall not be,a waiver oi`or praciude the exercise of any such sight or
<br />11. Succesxors wad Asslanr Bo~¢td; 3oint and Secera5 Liab7[in!: Co-signer. Tbc: eooenazits an:3 agreemanrs
<br />herein crntai~^~! ~ha!i 6int1, and the right's hereunder shall inure to, tries respactive~suecessbrs and assigns of l.cnder ettd_.
<br />BurrOul:`.aubje~.tc>:hep;aviiionsofparagraph76hereof_A11eo.enaniasad-agrc~tmentsaFBrrroa~ersh;:ilbe._u~in[and
<br />sc:~~ra3. Am Brscower who-eo-signs ibis 23eeet afTrust. but dues not ~•xcez,te the Nvtc. Ea; isco cignin,L> ibis IJec'[i aY "]`rust
<br />uaty tt, grantanci eanvey that Borrower svrterest ui tira 4`a~lxr ,p. 7 ru>iv. un,9er tht terr.ts ,d tdtis Ile;^a ~t1 Trust.lh3 is
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