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<br />82"~0444~
<br />if 8oartiitver pays Funds to Lender, tht Funds-shall be hdd in an institution the deports or accounts of which ace
<br />insured or guaranteed by a Federal or state agency ( eluding Lender if Lender is such an institution). Lender shall apply
<br />the Funds to pay said razes. assessments. insurancrpremiums and-ground rents. Lender may not charge for so holding
<br />and applying the Funds, analyzing said account or verifying nail compiling said assessments and bills. unless Lender
<br />pays Bonnwec intt7sst on t!x Farads and applicabk law permits Lender to make such a charge. Borrower and Linder
<br />may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall br paid to Borrower,
<br />nail>ttatees such agreement is made ~ applicable [aw requites such interest to tx paid. Lender shall not be regretted
<br />to pay Borrower any interest or earnings on the Fonda. Linder shall give to Borrower, without charge, an annual
<br />actwucttiag of the Futds showing credits and debits m the Funds azd the purpose for which each debit to the Fttttds was
<br />made. The Funds are pledged as additional security for the stems secured by this Deed of Trust.
<br />(f the amount of the FuaLs lKtd by Lemla, together with the Enlace monthly instatlmmts of Funds payable prior to
<br />the due dates of tazee, axstxsarmts, insurance preariwas and ground rens. shall exceed the amount required [o pay said
<br />taxes. sssessmmts, insurance ptemiutns and ground tents u they fall due. such excess shall be, at Borrower's option,
<br />either promptlg repaid to 8onovver or craiited ro Borrower oa monthly imta0ments of Funds. if the amount of the
<br />Funds held by Lender shall toot be statTicieat to oay taxes, assessments, insurance premiums and grotmd rents as they fall
<br />due, Borrower shall pay m fetder arty amount necessary to make up the deficiency in one or more payments as Lender
<br />may regtzixe.
<br />Upon payment in full ~ alt sums sixurod by this Deaf of Trust. Lender shalt promptly refund to Borrower any
<br />Futds heM by L.rndec. If under paragraph t' hereof the Property is sold or the Property is otherwise acquired by
<br />Lender. Linder shah apply, ao later than immediatdy prior to the sale of the Property or its acquisition by Lender, any
<br />Funds hdd by Lender at the time of application as a credit agairut the sums secured by this Deed of Trust.
<br />3. AppliratMa of Paynaaia. Unless applicabk law provides otherwise, all payments received by tender under
<br />the Note and paragraphs !and 2 hereof shat! be applied by Lender fits[ in payment of amounts payable to Lender by
<br />Borrower under paragraph 2 hereof, then to interest payable on the Note. and then to the principal of the Note.
<br />4, PrMr ud Desch of ~ ~: Lfem. Borrower shah perform aft of Sorrtiwer's vbiigations
<br />order any mortgage, dyed of trust or other security agreement with a lien which has priority veer this Deed of Trust,
<br />irdttdittg Borrower's eoveaaats to make payments when due. Borrower shall pay or cause to be paid all taxes,
<br />asarssmena and ocher charges, tlnrs and imptts"ttiom aittibutabk to the Property which may attain a priority over this
<br />Dead of Trent. and leasehold payments or ground rents, if any.
<br />S. Blaeerd fiaeetoee. Borrower shall keep the improvements now existing ar hrresRer erected vn the Property
<br />insured agaimt lass bq free. hazards icecluded within the term "extcndtd . nrragr", and such uth€r hazards as Lender
<br />may requite and is such amomts and for such periods as Lender may require.
<br />The imurance carrier ptording the insurance shat! tx chosen by Borrower suhlect w approval by Lender; provided,
<br />the such apptovd shall not tx unreuoaably withheld. All iruurarut palines atn; renewals thereof shall be in a form
<br />acceptable to t.endv and shill iaclttde a standard mongagc clause in favor of and in a form acttptable to [xnder.
<br />C.endet shall have the ngbt to htid the pWic~s nail rcrtewals thereof, subject to the term. o(any mortgage. deed of trust
<br />nr aura s~ttrity ageseaeent with a Tien which has pnarfty mer this Deed of Trust.
<br />la the ermt of foss. Borrower shall give ptmnpt txxrce to the msurarrcr comer and ixndrr. Lender may make proof
<br />of kxs if trot tnadC proatp[ly by Boetower.
<br />tf [hue Property is abaodaned by Borrower. ar if Borrower fails tv rnpvnd to Lender auhtn ~? days from the date
<br />taa[icr is mailed by [elder ro Bortotver Char tlx insurance carrier offers w settle a ciatm for tnwrani'e brnrtits, Lender is
<br />authtarixpd to ~wllect aced apply the irtsuraacc proceeds at Irrdrr's optiiin either to rrstorauvn yr repair of the
<br />Property ar to the xnms secured by thg Decd of Trust.
<br />i. lteaenatltaa trd Maiaaeataterae ed Ptsparq; Laase~otals; Coedeviulama; P4tetted t;ttit Develspmeoa. Bor-
<br />rower strati keep tht Property ir. good K¢sar amt shall n~>t cotnmrt waste a permit impairment ur drtrnoration of the
<br />Property aed shall ciiniply with tree provistans of any lease if thrz Acryi vt Trust is on a lcasehokt_ IC the tlcrd of Trust is
<br />on s amt is a ixiadotneaitem or a plwned amt drrelapmeni, Barraw~ xlrafl prre'arm alt of Borrower's :ibliganons under
<br />rite iftaclatatiae or covenants creating iir governing fhe ;omfamtamm yr planrieif watt devekrpmrnt, [hc by-laws and
<br />regufuiaas of the iondomimtun ox planned unit derelapmcat. aril constituent dvcumrnts.
<br />1, t?rtelss4faw d I.a~irr9 SsetuitT• tf Borrower faits rv pettirm the tovrnants and agreements eamamed in this
<br />peed of Treat, or i€aay actions w proceeding is cmnmeacrd which matmaily attests Lender's interest in the Pnipetty,
<br />then Lcadar, u Geadsx's ogtioa. upon trotter to Bormwcr, may make such appearances. disburse such sums, including
<br />reasattabk attoraayi fees, emd take srcch actiae as n nrerssary ra protect Letder's interest. if lxndtr requited mortgage
<br />insusaaoe ss a eaadities of makin; the loan sacttred by this Decd of Trust. Borrower shall par the premiums required to
<br />maitnaia such puuertace is ef6ece tmtil such time as the tegnitement for sttih insuram~e rrrniioates in accordance with
<br />Bmrower`s and Bender's wriRdt agtaemeat ~ applicable law.
<br />Any amwtats disbarsad by E.endar pursuant to thn paragraph `. with interest theteoas, at ttx Note rate, shalt
<br />became additional ladebtednrss of Btitrtiwer secured by this Decd of Trust. L nlrsx &imiwrr and !.ender agree to
<br />otiesr terttrs of piayaseut, taade aeaounts shat! be payable uptm nateee fttitn Lciider w Btxn+wer royursting p yTtsent
<br />itttutsd. Natharg eaatained'ra this paragraph ?shall regwte (.ender ro trove any rupenae or take any action hereunder.
<br />ik ~~ trader aea~r make ar cause to tie made reasonable entries upon and tnspecYions of the Property,
<br />providai that [cncfer shill gtiw Baeruwar txitice prior to oar such impectran specif!nng rrasonabk cause Therefor
<br />rafuad m is~ada's fatteteas itt the Property.
<br />~ CM~witrilta. l'he prr+metls of nay award or claim for damages. direct ar eanaequenrial. in c'onmciMn with
<br />aa}~ . ar ettmc taiciag of the Propenx, or parr sherertf, .x far cvnvcrattce to lieu of svtndcmnanon, are
<br />hereRtlr assi~ed a~ shalt be plaid to f.eadec.:ubiect to the tests of any mtirtstarce. deed at'trust or other scrurity agree
<br />meat +. a ttrg wfrich has ptioritY oser tiia Deed of Tt~t:
<br />i!. tgrtwtsnr Net llsaiunait tr'er0saearee iSrr iwedar Nst a Waive, Enrns:on of the t.,- •r payment ar
<br />modiFlcatiaa of aosattsati~ of the sums secured. by this f~exd oa Truxt granted br tender tv any suc~ .,ur rn interest of
<br />UteaaaRSe aAtU naR epsaate ra reksste, ut aey maw, the fiabula9 of the ursginal Bcasovirr and Sutniwrr's sutt~rssim to
<br />hutlniew:,l+eraft5ttilrtsU-oat be tstpritad-m caaaatnotat pcoraeedings againxt such 3tussssor or trtase su extend time for pay-
<br />atWk or ertesdttS~-ateat,tframatn tai the sums secutesl by tins [}red <,f 7rttsf try reaaun 3i any drtnsnd made hr the
<br />8tirar~aad:iletao*ee`s xuceaas<irs in itttaYesU ,4ny tta'hraraixe tag Lriidrr in rxrreixing any right vt remedy
<br />IveFww;-srr~~aRo~ed t+y~appi~abic law, ah~atl rwt~ br a wat+i6r+•t ~ pretrludr tlet enrr~tsc of any wch right ar
<br />ft, Sstaasaa~w arse ~s Q~anstit feYts anti Sa~rei Llr~t Ce.aiptars. l~ +.xisrnants and atcrremcnrs
<br />~_ t#pr-ngllts har~art stgllt ittstrr ui, tt~ respew~tiee sws.'rsvass sent asuytns .tf Ixndrr -end
<br />~, sul5lesrr tp [tie prawarotrs esf paragraph l:t hrtent. >#[i .t.xeaatttt~ ttttd agreements N H+ttnwrr .hail r+r ts•rnt and
<br />~wrrat aa. 8oreaswrr wham-r;rytrw trice f)ssd titTrusi. k+ui ~#+ses new parGUtr ihr ti.we. tat :. rsr•vtrrntng ihts f:krrd »f Trust
<br />=iitHrsa a sod cawve~f [Ara N>areC+wte~t~a rmare{t in [tic l'r+rpert~ :t• i ~ uvt4e~ trrstrr *tse arrctii4 ~•t t'sis t,)rc;4 rt '1'fust.±t+v is
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