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82 ---~: s ~ !'116 Q
<br />lf8orrower pays;Fundsto Lender, the Funds shall be held in-an institution the deposits oraccounts of which ate`
<br />Insured or guaranteed bya Federal or state agency (including Lender if tender is such an instituxionl. Lender shall apply'
<br />the Funds eo pay: said taxes, assessittents, insurance premiums and ground rents. Lender may not charge'forso holding
<br />and applying the Funds, analyzing said account or verifying and compiling said assessments and bills.-unless Lender
<br />pays Borrowerinterest on the Funds and applicable law permits Lender to make such a charge. Borrower and Leader
<br />may agree in writing ar the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower,
<br />and unless wch 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:'Leadec shall. give to-Borrower, withoutchazge, an annual
<br />accounting of the Fundsshowing credits and'debits to the Fonds and he purpose for which' each debit to the Funds was
<br />made..The Funds are pledged as additional sec~uity for the sums secured by this Deed of Trust.
<br />If the amounrof the Funds held by.Leader,togetherwlth the future monthly installments of Funds payable prior to''
<br />the due dates of taxes, assessments, insurancepremiums and gtnund rents, shall exceed the amount required ropey said
<br />taxes,.assessments: insurance premiiyras acid ground rents as they fa]! due, such excess shall be, at Borrowers option.
<br />either promptly repaid to_Borrower or'credited to Borrower on monthly installments of Funds. if the amoun[ ofthe
<br />Funds held by Leader shall not be sufficient to pay taxes, assessments, .insurance premiums and ground rents as they fall:
<br />due, Borrower shall pay to Lender anyamount necessary to make up the deficiencyin one or more'pavments as Lender'.
<br />may require:
<br />Upon payment is full of all sums secured by this Deed. of Trust. Lender shall .promptly refund to Borrower any
<br />Funds held by Lender. [f tinder paragraph 17 hereof the Property is sold' or.the Property is othert~~se acquired bg
<br />Lender. Lender shall apply; ao later than immediately prior to the sale of the Propertyor its acquisition by Lender, any
<br />Fundsheld by Lender at the time of application as a credit against the stunssecured by this Deed of Trust.-
<br />3. Applk:atbs of PayoaaOr.:Unless applicable ]aw>provides otherwise, al] pa}~ttents received by Lender under
<br />the Note-and paragraphs-l and 2 hereof shall be applied by Lender first in payment of amounts payable [o `Lender be
<br />Borrower under paragraph 2 hereof, then to interest. payable on the Note, and.then to the principal of the Note:
<br />4. Pdar MaeyaBo;tma Uaxds'oE Tr.t;;Charsaa; Lieaa. Borrower shall perform aitof Borrower's obligations
<br />under any mortgage, deed of trtst or other°security agreement with a lien which has priority over this Deed of Trust,
<br />including Borrower's covenants to make payments whendue_ Bortower shall pay 'or cause to be paid: all taxes.
<br />assessments and other charges, fines and impositions attributable to the Property which may again a priority. over. this
<br />Dead of Trttst: and leasehold payments or grannd rents. if any.
<br />' S. Hmrd-lawraatee. Borrower shall keep the improvements row existing or hereafter erected on the Property
<br />insured against loss by fire: hazards included within the term "extended coderage". and such other hazards as lxnder
<br />may-require and lit such amounts and for such periods as Lender tnayrequirt.
<br />Thriasurance carrier providing the: insurance shall be chosi3rt by Borrower subject to appros ~l by Lenders provided,
<br />that sucb'approval hall notbe unreasonably withheld. Ait insurance policies and renewals thereof shail'be in a forme
<br />acceptable to Lender and shall include a standard mortgage clause in favor of and in a form accepxable to Lender
<br />Lender shall havethe right to hold the policies and renewals thereof. subject to the terms of and tnortgage: deed of trust.
<br />or other security agreement with a lien which has priorityover this Deed of Trusx.
<br />in the evrnt of loss, Borrower shall give prompt notice to theinsurance cattier and Lender. Lender may make proof
<br />of loss if not made prtrmptly by Borrower.
<br />[f the Property is abttadoned by,Borrower, or if Borrower fails to mpond to Lender within 30'days froin the date
<br />-notice ismailed byi ieaderto Borrower thatthe insurance carrier offers to settle a claim for insurance benetits: Lender is
<br />authorized to collect cad apply the insurantx proceeds at Lender's option either to restoraron or repair of rte -
<br />Property,ortothe stems secured by this lked of Trust.
<br />ti.- PtMevatfw cad 111WAMnace of Peopeet~; I.eaaebddt; Condomlaloms; Planned Unit Developments. $or- ?
<br />rowershall keep the Property in good tlpair'and shall: not commit waste or permit Impairment or deterioration of the
<br />Propertyaad shall rnmpty with the provisionsofanylease if this Deed of Trust is on a leasehold.lf thts Deed of Trust is
<br />on a unit in a condominium or apianned unit development:Borrowershall perform alt of-Borrower's obligations under
<br />-the declaration or covenants creating nr governing the condominium-or gunned unit development. the by-laws ant?
<br />'regulations of the condominium or planned unit development. and constituent documents:'
<br />7. Pt~laetlas of Iawdar'a Saeaeiq. If Borrower fails to perform the covenants and agreements contained in this
<br />Deed of Trost, or if any action or proceeding is'commrnced which matenaily affects Lender's interest in the Property.
<br />then [.cider. at Lender's option, upon nontt to Borrower. may makesuch appearances, disburse such sums: including,
<br />reasonable attorneys' fees, add take such actiodas is necessary to pro[ect Lender's interest; if Lender required mortgage
<br />` insurance as a condition of making the loan secured by this Deed ofTrust. Borro>er shall pay the premiums required to
<br />maintaiasuch insurance is effect ttatil such time'as the requitement for such 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 pazagraph r, with. interest rhereon. ar the Note rate: shall
<br />become additional' indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to
<br />other terms of paymrnt, such amounts. shat! be: parable open notice from tender to Borrower requesting ~.yrnent
<br />thereof Nothing,rnntained inthis paragraph 7 shat] require Lendertoincur any expense or take am action hereunder.
<br />a. Iwapactlattr.,Lenda'may mal-e'or cause o be made. reasonable entries upon and` inspections ofYhe Property.
<br />provided that Lender shall'rgive Borrower notice prior to'any such inspeMiomspecifving reasonable cause therefor
<br />' rclatat to Lender s interest in he Propem•.
<br />9. Gaademaatloa. The proceeds of any awazd or claim for damages: direct or consequential in connection with
<br />any condemnation: or other taking of the Property, or part thereof, orfot conveyance`'tn lieu of rondemratiom. are
<br />heretic assigned,and shall be paid to Lender, subject to the terms. of andmortgage. deed ofarust orother security agree-
<br />ment with a lice which has priority over this Deed of Trust:
<br />111. Borrower ~~lot llteka~ed; Forbeatraace By Lender Not a Waiiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this: Deed at' Trust granted by Lender to any uccessor in interest of
<br />Borrower shall notoperate to`release, in any manner, the liability of the original'Borrower,and Borrower's successors ]n ''
<br />interest. [.,ender shall eat be required to commence proceedings against such successor or refuse to extend time>for pay=
<br />meet or otherwise madifyamortizarion;of thesums secured by this Deed of Trust by mason of env demand made by the
<br />original Borrower and Bortower's uccessors in interest. Any forbearance by Lender in exercising any nght or remedy
<br />here.order, or otherwise a$brded by applicableiaw, shall not be,a waiver of or preclude the exercise of any such rightor
<br />remed~-
<br />il. Succewors cad A~sigtts Bound; Joint:cad Several Lisbillty;. Co-silmers. 7'he. covenants andagreernents
<br />herein contained shall biadand the rights hereunder shailinureto. the respective'successors andassigns of Lender and'
<br />Bormwer. subject to the-provistonsof paragraph: 1h hereof. Alt co.•enaius and agreementsot Borrowi:.r shall be_jvinx and
<br />several. Any Borrowecwho co•signsthis Qeed afTrus;, but doesnot execute the Note. (al is co-signing *.his i?eed of "trust
<br />only to grant and convey that Borrower's interest in the Property to Trustct under the; terms of this Deed ofTtust, ill) is
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