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<br /> 84 u002'53. Utr l~oOM Co"M,% +n. Borrower stud Larder cW&-WM and agree as fouoxc
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<br /> 1. 1"4 wMat, of iNMset~tl awl homsL ' Illorrower shsll promptly pay . when due the principat of and interest on the
<br /> indebtedness evidenced by. the Note. y0 rat tend tAtc rlAgp alt provided in the NOW and the principal of and interest
<br /> on an Future. Advances secured by th of Trust.
<br /> 2. Fgtrtti fen Tam and hsairsa[e. Subject to. appikablie; law or to a written waiver by, Leader. Borrower shall par
<br /> to Lender on the day monthly installments of principal and interest are pnya k under the Note. until the Note is lurid in ill,
<br /> a sum. (herein "Funds'? equal to one-twelfth of theyeary tam and assessn s which: may attain priority over this
<br /> Decd of Trent. and ground teats on the Property. if any. plus one-twelfth of yeauty► p mmh m installments for hanrd insurance,
<br /> plus sae-twelfth of yearly premium installments for nt~nrtgage insurance. if any all as reasonably estimated initially and from
<br /> time to time I-v Lender out the basis of assessmarts. and.bills and reasonable estimates thereof.
<br /> The Fu:,s` shall be held in an institution the, deposits or accounts of which arc insured or guaranteed by a Federal. or
<br /> state agency (t;scluding Lender if Lender is such an institution). Lender shall apply the Funds to pa atgrld taxes. assessments,
<br /> insurance premiums agdl ground rents: Lender may riot charge for to holding and applying the F , analyzing said account
<br /> or verifying and compiling said. assessments and. bills, unless Lender pays Borrower interest on the Funds and applicable law
<br /> permits Lender to make such a charge.'' Borrower and 'Lender may agree in writing at the time of execution of this
<br /> Deed of Trust that interest on the. Funds.shall be paid to. Borrower, and unless such agreement is rnadk or applicable law
<br /> requires such interest to be paid, Lender shall not be required to pay Burrower any interest or earnin;s on the Funds. Lender
<br /> shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br /> 9 uurpose for which each debit to the Funds was made. The Funds are pk lW as additional security for the sums secured
<br /> y this Deed of Trust.
<br /> 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 taxes,
<br /> assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either
<br /> Promptly repaid to Borrower or credited to Borrower.on monthly installments of Funds. If the amount of the Funds
<br /> held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due.
<br /> Borrower shall pay to Lender any amount necessary to nuke up the deficiency within 30 days from the date notice is mailed
<br /> by Leader to Borrower requesting payment thereof.
<br /> Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds
<br /> held by Lender. If under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender
<br /> shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by
<br /> Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br /> 3. Applicxt:aa of Payments. Unless applicable law provides otherwise, all payments received by Lender under the
<br /> Note and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower
<br /> under paragraph 2 hereof, then to interest payable on the Note, then to the principal o: the Note, and then to interest and
<br /> prinei al on any Future. Advances.
<br /> CbarVm; Liens. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to
<br /> the Property which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the
<br /> manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly
<br /> to the payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the
<br /> event Borrower shall make payment directly. Borrower shall promptly furnish to Lender receipts evidencing such payments.
<br /> Borrower shall promptly discharge any lien which ha- priority over this Deed of Trust: provided, that Borrower shall not be
<br /> required to discharge any such lien so long an Borrower shall agree in writing to the payment of the obligation secured by
<br /> such lien in a mariner acceptable to ender, or shall in good faith contest such lien by, or defend enforcement of such lien in.
<br /> legal roceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof.
<br /> I Hazard Isna rance. Borrower shall keep the improvemer;ls now existing or hereafter erected on the Property insured
<br /> against loss by fire, hazards included within the term "extended coverage", and such other hazards as Lender may require
<br /> and in such amounts and for such periods as Lender may require; provided, that Lender shall not require that the amount of
<br /> such coverage exceed that amount of coverage required to pay the sums secured by this Deed of Trust.
<br /> The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided.
<br /> that such approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner
<br /> provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the
<br /> insurance carrier.
<br /> All insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage
<br /> clause in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof.
<br /> and Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premiums. In the event of loss.
<br /> Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly
<br /> by Borrowe;.
<br /> Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br /> the Property damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trust is
<br /> not thereby impaired. If such restoration or repair is not economically feasible or if the security of this Deed of Trust would
<br /> be impaired, the insurance proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, if any, paid
<br /> to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from thr
<br /> date notice is trailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits. Lender.
<br /> y is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br /> or to the xums secured by this Deed of Trust.
<br /> Unless Lender ant Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br /> s or postpone the due da of the monthly installments referred to in paragrapts i and 2 hereof or change the amount of
<br /> such installments. If under paragraph 18 Ntreof the Property is acquired by Lender, all right, title and interest of Borrower
<br /> in and to any insurance policies an in and tai the proceeds thereof resulting from damage to the Property prior to the sale
<br /> or acquisition shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such sale or
<br /> acquisition.
<br /> 1 6. Preservation and Maintenance of Property; Leaseholds; Condominium; Planned Unit Developments. Borrower
<br /> shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the Property
<br /> and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust is on a unit in a
<br /> i condominium or a planned unit development. Borrower shall perform all of. Borrower's obligations under the declaration
<br /> or covenants creating or governing the condominium or planned unit development. the by-laws anJ regulations of the
<br /> condominium or planned unit development; and constituent documents. If it condominium or planned unit development
<br /> rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such rider
<br /> shall be incorporated info and shall amend and supplement the covenants and agreements of this Decd of Trust as if the rider
<br /> were a part %ereof.
<br /> 7. Prrtecdon of Lender's Security. if Borrower fails to p!rform the covenants and agreements contained in this
<br /> Deed of Trust, or if any action or proceeding is commenced which materially affect., Lender's interest in the Property,
<br /> including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a
<br /> bankrupt or decedent, then Lender at Lender's option, upon notice to Borrower, maj make such appearances, disburse such
<br /> sums and take such action as is necessary to Protect Lender's interest, including, but not limited to, disbursement of
<br /> reasonable attorney's fees and entry upon the Property to make repairs. If Lender required mortgage insurance as a
<br /> condition of making the loan secured by this Deed of Trust, Borrower shall pay the premiums required to maintain such
<br /> insurance in effect until such time as the requirement for such insurance terminates in accordance with Borrower's and
<br /> Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgage insurance premiums in the
<br /> manner provided under paragraph 2 hereof.
<br /> 1 Air &,mounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, shall become additional
<br /> indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to other terms of payment, such
<br /> amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the
<br /> date of disbursement at the rate payable from 3ime to time on outstanding principal under the Note unless payment of interest
<br /> at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate
<br /> permissible under applicable law, Nothing contained in this paragraph 7 shall require Lender to incur any expense or take
<br /> any action hereunder.
<br /> L se"ectk"L Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br /> that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br /> interest in the Property.
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