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<br />8~--(104456 3
<br />The Funds shall beheld by Lender. Lender shall apply the Funds to pay said
<br />taxes, assessments, insurance premiums and ground rents. Lender may not charge for so
<br />holding and applying the Funds, analyzing said account or verifying and compiling said
<br />assessments and bills. Lender shall wive to Borrower, without charge, an annual
<br />accounting of the Funds, showing credits and debits to the Funds and the purpose far
<br />which-each debit to the Funds was made. Ttte Funds are pledged as additional security
<br />£or-the sums secured by this-Deed of Trust.
<br />If the amount of tfie Funds held by Lender, together with the future monthly
<br />installments of Funds payable prior to the due dates of taxes, assessments, insurance
<br />' premiums and ground. rents, shall exceed the amount required to pay said taxes, assess-
<br />- meats, insurance premiums and ground rents as they fall due, such excess shall be, at
<br />Borrower's option, either promptly repaid to Borrower or credited to Harrower on monthly
<br />installments of Funds. If the amount of the Funds held be Lender shall not be sufficient
<br />to pap taxes, assessments, insurance premiums and ground rents as they fall due, Borrower
<br />shah pay to Lender any amount necessary to-make up the deficiency within 30 days from
<br />the date notice is mailed 6y Lender to Harrower requesting payment thereof.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall
<br />promptly refund to Borrower any Funds held b.• Linder. If under Paragraph 18 hereof Che
<br />Property is Bald or the Property is otherwise acquired by Lender, Lender shall apply, no
<br />later than immediately prier tv the s..l-~ :+: the Proper*_v ar its acquisition by Lender,
<br />any Funds held by Leader at the time or application as a credic against the sums secured
<br />by this Geed of Trust.
<br />3. APPLICATION QF PAY?~SENTS. i;nless applicable law provides otherwise, all payments
<br />received by Lender under the :iota and parasraphs l and 1 hereof shall be applied by Lender
<br />first in pavsant of amounts payable to Lender by Borrower under paragraph ? hereof, then
<br />to interest payable an the 'lore, then to Che principal of the ~3ate.
<br />5, CHARGES; LIE`IS. Hrxrrvwer shall pay all rases, :xasessments and otfier charges,
<br />fines and impositions attrihuCable to rite Property which m<ty attain a priority aver this
<br />heed of Trust, and leasehold payments ar ,ground rears, ±f an~~, Ln the manner provided under
<br />paragraph 2 txereof ar, if net paid in such manner, by Borrower making payment, when due,
<br />directly to the payee chareaf. Borrower stuxll promptly furnish to Lender alI notices of
<br />amounts due ender this paragraph, and in tixe event Bvrrawer shall make payment directly,
<br />Burrower shall promptly furnish to Lander receipts evidencing such payments. Borrower
<br />shall promptly discharge any lien which has priority aver this Deed of Trust; provided,
<br />the[ Borrower shall not be required to discharge any such lien so Lang as &~rrower shall
<br />agree in writEn# to the payment 3f the :~blialatian see°ured by such liui in a manner
<br />acceptable to Lender, or stuxll in goad faith contest such lien by, or defend enforcement
<br />of such Iien in, legal proceedings ~rhich aperatR tc? prevent the enforce_men[ of the lien
<br />or Forfeiture a£ Lite Propcrt, ~r an~r part thereat.
<br />S, INS4RAA3CE CQVERAGF.S. Barrewer sham <eep the improvements now existing ar
<br />hereafter erected vn the property insurc•:i sgainst lass Gy fir<., iuxzards included within
<br />the term "extended cuverage", and such atixnr hazards as 'vandrr ;flay require, in the
<br />ataount equal to the Lvan balance, ar for nut Iexzs than Bat >f the full replacement
<br />value of the improvements, whichever is Braster, sx eseablished by a coagaatent inaursnca
<br />appraiser. Comprehensive gcxnaral public liability insurance will also be obtained: in
<br />a company acceptable to the Lender, [vr an amvwtt nut less than $ ~.~.~ combined
<br />single limit.
<br />The insurance carrier providing the insurance. shall be chosect bX &xrravar su6,jecf
<br />to approval by Lesxdar; provided Lhac sucb approval shall eat be unreasonably withheld.
<br />9,i1 premiums on insurance pvlYcies shah be paid in the mxzmer provided under paragrapi, 2
<br />h4aeof, at, if not psid in such ~sanner, by Borrower mafiitxg payment, when due, directly to
<br />tbea insurance cattier.
<br />In Clxe e1~nt: any pol:icv is eat renewed •:m or ixef:xr+e ten days of it-• i ration,
<br />the t,eztdar, to prat~t its :t,nterest, ~xv procurk icesuranca a:x thr improves^+.,,.Wa, pay the
<br />pcamiuras amt ssxcte ssms steel l bacvmo ismurdiatel r due and payable wi.tlt Lnterc+at at rho rate
<br />Nwuet forth in said x2ote until paid and shall he se.:txrad l:y this Did ox" Trust. Fail.urr
<br />by tiorrwaer tc~ euap3v mar. at the aptlan of Le;xdr2r, e:xxesritute a de-f.axx:lt under tlua trrmxt
<br />sa€ th3.>a mad o[ Truer.
<br />Ail insexrssx.:e paliciea :end renczwala tRnrr+mak shall: ize in f,ira acceptable to i.endar
<br />ah~It,2 fnr7lolde a staAdard srartgagu . l:eue~ in fawn[ of ;xtn! in 'zur:n aecr.,ipfable to
<br />~:tt: ~r a3ueZl have the right [o ixtYld thte ptti rules and renew,xla titerc~f , and
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