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<br /> applicable law requires such into-rest to be aid. LergLer shall M br Mdired to paty Bo rowct'.adty intarcat or earsnugs on tktt F%,UWs. Lender shAlI
<br /> give to Borrower, without charge, an annual acco>utting of t1w Fired.; showing credits -and dthits to the Funds 00 the purpose for which tb
<br /> debit to the Funds was made. The Funds are pledged as additional security for the sutras secured by this Deed of Trust.
<br /> If the am,5unt of the Funtis held by Lender, together with the future monthly installrt mts of Funds payable vier to the due dates of tuts,
<br /> as msmtrtts, insurance premiums and ground rents, shall exceed the amount required to pay said tax~s.,sssewartertts, insurance Premium and
<br /> ground rents as they fan due. such excess shall be, at Borrower's op6m, either promptly repaid to Borrowet or credited to Borrower on monthly
<br /> installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes, ass.'4stnents, insurance premiums and
<br /> ground rents as they fall clue. Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice
<br /> is trailed by Lender to Borrower requesting payment thereof.
<br /> Upon payment in full of all surfs secured by this Deed o, Trust, Lender shall promptly refund to Borrower any Funds held by Lender. If
<br /> undo; paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, lender shall apply, no later than immediately
<br /> prior to the szie of the Property or its acquisition by Lender, any Funds held by Lender at the time of application as a credit against the sums
<br /> secured by this Deed of Trutt.
<br /> 3. Appldeasioa of Psyments. Unless applicablt law provides otherwise, all payments iecceived by Lender under, the Note and paragraphs I
<br /> and 2 hereot shall be applied by I ender first in payment of amt,unts payab!t to Lender by Borrower under paragraph 2 hereof, then to interest
<br /> payable un the Note, t her, to the prirw.ipal of the Note, and then t i interest and principal on any Future Advances.
<br /> Chsarges; Liem. Borrower shall pay r 0l taxes, assessments and other charges. fines and impositions attributable tut the Property which
<br /> may art a priority over this Deed of Trust, and leasehold payr::eats or ground rents, if any, in the manner provided under paragraph 2 hereof
<br /> or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to
<br /> Lender all minis of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly
<br /> furnish to lender receipts eviJeencing such payments. Borrower shall promptly discharge any ben which has priority over this Deed of Trust;
<br /> provided, that Borrower stiall riot. be required to discharge any such lien so long as Borrower shall agree in writing to the payment of the
<br /> oblijtation secured by such lien in a manner acceptable to Lendcr, or shall in good faith context inch lien by, or defend enforcement of such lien
<br /> in, legal proceedings which operate: to prevent the enforcement of the lien or forfeiture of the. Property or any part thereof.
<br /> 5. t'azard Insurance. Borrower !hall keep the improvements now existing or hereafter erected on the Property insured against loss by fire,
<br /> harards included within the term ",extended coverage", and such other hazards as Lender may require and in such amounts and for such periods
<br /> as Lender may rcquire; provided, ghat Lender shall not require that the amount of such coverage exceed that amount of coverage required to pay
<br /> the sums secured by this Det-d of Trust'
<br /> The insurance carrier provid;ng thr insurance stall be chosen by Borrower subject to approval by Lender; provided, that such approval
<br /> shall not be unreasonably withhe!rS• All premiums on insurance policies shall be paid in the niantier provided under paragraph 2 hereof or, if not
<br /> paid in such manner, by Borrower making payment, when due' directly to the insurance carrier.
<br /> .ill insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage clause in favor of
<br /> and in form acceptable to Lender.. Lender shat! have the right to hold the policies and renewals thereof, and Borrower shall promptly furnish to
<br /> Lender aJl renewal notices and all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br /> Lender. Lender may make proof of loss if nct made promptly by Borrower.
<br /> Unless I ender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
<br /> damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trust is not thereby impaired. If such
<br /> restoration or repair is not economically feasible or if the security of this Deed of Trust would be impaired, the insurance proceeds shall be
<br /> applied to the sums seca:rd by this Deed of Trum, with the excess, if any, paid to Borrower. If the., Property is abandoned by Borrower, or if
<br /> Borrower fails to respond to Under within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to
<br /> settle a claim for insurance benefits, Lender is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or
<br /> repair of the Property or to the sums sec.ire:d by this Deed of Trust.
<br /> UnIms Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shrill not extend or postpone the due
<br /> date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of such installments. If under paragraph 18
<br /> hereof the Property is acquired by Lender, all right, tkle and interest of Borrower in and to any in6sura= policies and in and to the prorteds
<br /> thereof resulting from damage to the Property prior 6,3 t".r ,-ale or acquisition shall pass to Lender to the extent of the sums secured by this Deed
<br /> of Trust immediately prior to such We or acquisition.
<br /> 6- Prese"ition and Malntrunce of Property; :,-.aseho'W: Condominiums; Planned Unit Drvelopments. Borrower shall keep the
<br /> Property in good repair and shall not commit wazte or permit impairment or deterioration of the Property and shall comply with the provisions
<br /> of any lease if this Deed of Trust is of !e rschold. If this Deed of Trust is on a unit in a condominium or a planned unit development, Borrowr.
<br /> shall perform all of Borrower's obhti Dons under the declaration or covenants creating or governing the condominium or planned unit
<br /> development, the by-laws and regulations of the condorninnim or planned unit development, and constituent documents. If a condominium, or
<br /> planned unit development rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such
<br /> ndrr shall be incorporated into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a pan
<br /> krtTtof .
<br /> 7. Proterdon of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any
<br /> action or proceeding is commenced which materially affects Lender's interest in the Property, includin1j. Gut not limited to, eminent domain,
<br /> insolvency, code enforcement. Or arrangements or proceedings involving a bankrupt or decedent, them. Lender at Lender's option, upon notice
<br /> to Borrower, may make such appearances, disburse such sums and take such action as is necessary to protect Le'ader's interest, including, but
<br /> not limited to, disbursement of reasonable attorney's fees and entry upon the Property to make repm irs, if Lender required mortgage insurance
<br /> as z condition of making the loan secured by this Deed of Trust. Borrower shall pay the premiums required to maintain such insurance in effect
<br /> until such time as the requirement for such insurrr►ce terminates in accordance with Borrower's and Lender's written agreement or applicable
<br /> law. Borrower shall pay the amount of al! mortgage insurance premiums in the manner pro-. ided under paragraph 2 hereof.
<br /> Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional indebtedness of Borrower
<br /> secured by this Deed of Trust. Unless Borrower and Fender agree to other terms of paynxn1t, such amounts shall be payable upon notice from
<br /> Lender to Borrower requesting payment thereof, and s'nall bear interest from the date of disbursement ar the rate payable from time to time on
<br /> oat-standing principal under the Note unless payment of interest at such rate would be ce,.tttrary to applicable law, in which event such amounts
<br /> shall bear interest at the highest rate permissible un& applicable law. Nothing contained in this paragraph 7 shall require Linder to incur any
<br /> expense or take,-Any action hereunder.
<br /> A. tospr:tlon- Lender may make or cause va be made reasonably entries upon and inspections of the Property, provided that Lcndq shall
<br /> give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's interest in the Property.
<br /> 9. CcAoi..emnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or
<br /> other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender.
<br /> In the event of a total taking o he Property, the proceeds shall be applied to the sums secured try this Deed of Trust, with the excess, if any,
<br /> said to RorTc" Cr. !t, the event of H. partitl taking of the Property, unless ftOrrower aril Larder otherwise agree in writing, there shall be applied
<br /> to the sums snared by this Deed of Trust such proportion of the proceeds as is cqua11 to that proportion which the amount of the sums secured
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