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<br />!f Borrower pays Funds to Lender, the Funds shall be held in :m institution the deposits or accounts of which are
<br />insured or guaranteed by a Federal or state agency (including Lender if Lender is such an institution). Lender shall apply
<br />the Funds xo pay said taxes. assessments, insurance premiums and ground rents. Lender mac not charge for so holding
<br />and applying the Funds, analyzing said account or verifying and compiling said assessments and bills, unless Lender
<br />pays Borrower interest on the Fonds and applicable law permits Lender to make such a charge. Borrowec and ].ender
<br />L7 may agrce in writing at the time of execution of this Deed of Trust that interest on the Funds shah be 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 psy Borrower any interest or earnings an the Funds. Lender shall give to Borrower, without charge, an annual
<br />e accatnting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was
<br />1 made. The Funds are pledged as additional security for the sums secured by this Deed of Trust.
<br />N 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 the amount required to pay said
<br />taxes, assessments, insurance premiums and ground rents as they fall due. such excess shalt be. at Borrower's option,
<br />either promptly repaid to Borrower or credited to Borrower an monthly installments of Funds. If the amount of the
<br />Funds held by Lender shad not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall
<br />due, Borrower shah pay to Lender any amount necesssry to make up the deficiency in one or more payments as Lender
<br />may require.
<br />Upon payment in full of all sums secured by this lleed of Trust. Lender shall prompth• refund to Bono»er env
<br />Funds held by Lender. tf under paragraph 1? hereof the Property is sold or the Pmpetty is otherwise acquired by
<br />]..ender. Lender shall spply, no later than immediately prior to the sale of the Property ar its acquisition by Lender, any
<br />Funds heW by Lender at the tine of application as a credit against the sums secured by this Deed of Trust.
<br />3. AppitxxtiOn of Payments. Unless applicable law provides otherwise, ail payments received be Lender under
<br />the Note and paragraphs 1 and Z hereof shall Ire applied by Lender tlrst in payYrten[ of amounts payable to Lender by
<br />Borrower under paragraph 2 hermf, then to interest payable nn the Note. and then to the principal of the Note.
<br />;, Prior MotKgagea and Derek of Trmr. Charges: Lietu. Borrower chart perform ail of Borrower's obligations
<br />under any mortgage, deed of trust or other security agreement »ith a lien which has priority over this Deed of Trust.
<br />including Borrower`s covenants to make payments when due. Battoaer shat! pay or cause to hr paid all [axes.
<br />assessments and other chstges, tines anti impositions attributable to the Property which mac attain a priority aver this
<br />Decd ot""Trust, sod leasehold payments ar ground rents. if any-
<br />5. ffazard laenraatt. Borrower shaft keep thetmprovemems au»~ existing ur hereafter erected un the Yrepeny
<br />insured against loss by tire, hazards includ~wl within t[te term '-extended coverage". and such other hazards as Lender
<br />may require and in such amounts and tin such periods as Lcndrr map require.
<br />Thr insurance carrier providing the insurance shall be chosen be ilutrower subject to appreval hp Linder; provided,
<br />that such apptrnal shat! not be unreasonably »ithheld..1f1 insurance policies and renewals thereof shall tx in a form
<br />acceptable to Lender and shall inrtude a standard mortgage clause in favor of and in a form acceptable to Lender.
<br />Lender shall have the right to hold the policies and renewals thereof, subject r~ [he terms ut any mortgage, tlitd of trust
<br />of cuher security agreement with a lien which has prionn over this Derd at Trust.
<br />In the event of toss. Bornrn-er shall give pmmpt notice to the tnsurancr earner anti Lender. Lender m2c make prowl
<br />aF loss if not made promptly by Burrower.
<br />tf the Property is abandoned by Borrower, ur it' Borrower fails to respond to Lender within 30 claps from the date
<br />notice is mailed by txnder to Bosruwet that the insurance carrier utTers to settle a claim tar Insurance benefits, ]..ender is
<br />authorized to collect and apph• the insurance proceeds at Lender's option either to resmration ur repair of the
<br />Property or to the sums secumi bs this Deed of Trust.
<br />8. Preaetratiwa and Maintenance of Pteperty; l.rne6oidst Coadominlama: Planned Unit Devdepmmet. Bor-
<br />rower shall keep the Properh' in good repair sod shall out cv~mmix »~aste rx permit impairment or deteriaratiun of the
<br />I'ropeny and shall comply with the ptovtsiuns of any lease if this Deeet of Trust is on a leasehold. if this Der[i of Trust is
<br />on a unit in a condominium ar s planned unit devetapment. Bomtwer shaft perfimn all of Burrower s obligations under
<br />the declaration ur v~vrnants creating or governing the condomintum ur punned unit devrlapment, the by-laws and
<br />regula[iotu of the rntrdominium or planned unit dryekysmrnt, and Ynstituent dirumena.
<br />?. Protcetlea of Lender's ~eenrity. If Bor[uwrr tails to perform the vusxnan[s and agreements contained in this
<br />Deed of Ttttst, ar if any action or prtxraiing is svmmrtu'eci whuh materially aii'yt is Lender's interest in the Preprrty.
<br />then Lender, at ]xttder's option, upon notice to Borrower, roar make such appearances, disburse such sums, including
<br />reawnabie attorneys' fees, and take such action as is ntt~essarp to prtKevt Lender's interest. if Lender requited mortgage
<br />insurance as a cuoditaut o!'makidg the loan srcurai by this Drrd of Trust. Butsuwer shall pay the premiums rcqutrrri to
<br />maintain such insurance in etTect untd such trine as the rrqutrrmcnt fur such utsurance terminates in acxvrdance with
<br />Borrower's and Letuier's writtC[[ agreement ar applr<abir taw.
<br />Any amounts disbursed by Leader pursuant to this paragraph ', ai[h rmerest themnt. at the Note rate, shall
<br />become additional indebtedness of Bortewer secttrrd by rhea Deal of 'ftwt. Linlcss Harrower sod Lender agree to
<br />other tatms of paytmattt, such amounts shall br payable upon notice titmr ].ender to Burrua~r requesting payment
<br />thereof. Nothing cuntaitrtxt in this paragraph ?shall requite Lender to incur any expense w take any action hereunder.
<br />8. lisitaotisn. ]xnder may make ur cause to be made rcawnabic entries upon stuff inspe.:tions of the Pntperty.
<br />pevyided trot Lender shall give Botn»vrt nutrce prior to env such ittsprctiun sprcit'y~ng reasonsFir cause therefor
<br />related ea Leader's interest in the Property.
<br />~. rte. T*e r. ~s :-f «a. °..,.... , t ..a.... .- daat.g::>. tt,r.. ,..., rs: y::enttal, ir. :,nn4aian w uh
<br />any cvttdemnatiar or sxher taking ui the Property. ar part thmvf, sn far ttrnreyanee rn lieu of condemnation. are
<br />tsenby assigttsxi and-shalt br paid ro Leader. subject to tree terms of anp ntongage, deed of trust ar other srrurity agrre-
<br />tneat with a 3-ten which has priority over this Dee+i of Trust.
<br />l~h. Bwre+nr Nat Relwaed3 Fttrbaarrnes By Lender :Vet :Waiver. F.xtemiun of the time f,~~ ..mein or
<br />madifieatian of amxtiutittat of the sums securexl ixy this Derai uiTrust grantal by Lender to any succr.y.• ~screst a~f
<br />Bttrnoteer shall tNx operate to trloase, in gay manner, the habi#ity of the urrginal Horrower and &vrtawer's ,.s~ieswrs to
<br />interest, Letx~r shall INK ]X t'rgtttred !u cummrtxr ptoeeexiings against steeh suei-easar or refuse n: extend time for pay-
<br />atestt tx Wlsesatisa modify amunisatian of the gums secured by this Dreit of Trust by rrasun of any demand made by the
<br />tuiRtaal. ~txv~r atxi Bom>r.er's srspc:essora in interest. Any i.Wbearattce hr Lender In exetv-ising any ri>Cht c+r renraty
<br />ham, x rxthervrise aiTotdat by applcable faa.hall met he a w giver t,for prrriude the excrrrsr of any ouch rtght or
<br />rrtnedy.
<br />ti. 5'aoatraea and Attat~rta Bw®tlt iokt end Severed L1ahiUty: Ce-wipers. llte covenants .end aKrrermnrs
<br />tvatsin contttit~etf sgidlbind, and the tights lxreuudrr shall inner w, the rrspcyrhr su,<ti'xss+~cs and assigns of ].ender and
<br />liurruarr, sutapset to the pruvsatvns of paragraph 16 itcrr.,t: Ati wyenants and alttcrmrms of Biuro»~rr shat l br turret .lust
<br />styrerttl. Auy ~ur.»+ret wlurt,r-sisgos this Dcrd c~k 7'nnt, but drr~s tux exnutr the Note, ta! c. rs*-siCCntng tt:ts i)rai s:f'1'rust
<br />~raly to,yrsnt and rcurvey :hat Ncaxxta°e-r s inlrtext to the Prtx}xrtp t.>'frusrcc unatrrthe rotors ,.t rhea i}red id I rust, shi r.
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