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If Borrower pays Funds to lxnder, the Funds shall 6e held in an institution the deposits nr accounts nt' which are
<br />insured or guaranteed by a Federal or state agency (including Lender if Ixnder is such an institution). Lender shall apply
<br />the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding
<br />and applying the Fundx, analyzing said account or verifying and compiling said assessments and bills, unless Lender
<br />pays Borrower intcresY on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender
<br />may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall 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 />~t to pay Borrower any ineerest or earnings on the Funds. Lender shall give to Botrawrer, without charge, an annual
<br />~ accounting of the Futrds showing credits atsd debits to the Funds and the purpose for which each debit to the Funds was
<br />CD made. The Funds are pledged as additional security fnr the sums secured by this Bred of Trust.
<br />If th€ amount of the Furuls droll by Lender. together with the future monthly installments of Funds payable prior to
<br />the due dates of texts. assessments, insurance premiums and ground rents, shall exceed the amount required to pay said
<br />.,,, taxes, assessmetts. insurance premiums gad ground rents as they fall due. such excess shall be, at Borrower's option.
<br />~ either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If rile amount of the
<br />t Fue>=ts held by Lender shall not be sufficient to pay taxes, assessments. insurance premiums and ground rents as they fall
<br />*'°'1 due, Borrower shall pay to Lender any amnunE necessary to make up the defrcientw• in one or more payments as Lender
<br />~ may require.
<br />Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Bnttown any
<br />' Funds herd by Lender. If under paragraph 1 i hereof the Fropetty is sold or the Property is otherwise acquired by
<br />Lender, Lender shall apply. no later than immediately prior to the sale of the Property or its acquisition by Lender, any
<br />Funds held by Lender at the time of application as a credit against the sums secured by this Deed of Trust.
<br />~. Ap€rilcat:w. r.• •~-~•_, r ~nrn=; ., t:..,t,t.. i,v- „mvuiec <rtherwise. all payments received by Lender under
<br />..,;,p.___._
<br />the Note and paragraphs ! and Z hereof shall tae applied by Lrnder first in pavtnent of amounts payable to Lender by
<br />Borrower under paragraph ?hereof. then to interest payable on the Note, and then to the principal of the Nnte.
<br />;, Peiar 31 and Desb of Trott; Charges[ Lim. Borrower shall perform ad! of Borrower's obligations
<br />under any mortgage. deed ut' trust uc other security agreement with a lien which has priority aver this Deed of Trust,
<br />including Borrower's covenants to make payments when due. Borrower shalt pay ur cause to be paid all taxes,
<br />assessmenu and other charges, fines and impositions attributable to the Property which may attain a priority over this
<br />Dead of Truxi. and leasehold payments or ground rents. tf any.
<br />5. Hazard [ea>stace• Borrower shall keep the improvements now existing ar hereafter erected on the Property
<br />insured agaenst Suss b}• tire, hazards included vithin the term "extended carnage". and such usher hazards as Lender
<br />may require and in such amounts and fnr such penods as Lender may require.
<br />The insurance carrier providing the insurance shall 6e chosen by Burrower subject to approval by Lender: prosided,
<br />that such approval shalt not be unreasonably withheld. AH insurance polin:~s aml renewals thereof shall be in a form
<br />acceptable to Lrnder and -,hall include a standard mortgage clause in favicer of and in a farm acceptable to Lender.
<br />Lendn shalt have the right to hold the ^ulicies and renewals thneof, subject t<e the terms of any mortgage, deed of trust
<br />us znhcr security agreement with a lien which has pnvrny over this Uerd of "frost.
<br />In the rvrni of toss, Borrower shall giro prompt not:ee to the insurance carrier an ~ l_endn. Lrnder may make proof
<br />of loss if not made pn.mptly u. Bom.+wer.
<br />!f the Property is abandoned by Bornswrr. ur it Borrower tails to respond to Lender within 3t) days from the date
<br />rttxice is mailed by Lrnder to Borrower that the rnsurancr carrier utFers to settle a claim fix insurance benefits. Lender is
<br />au[horized to collect acrd apply the nrsurancr pr.x-rrdz at !.color's option ithrr to rrsturation ur repair of the
<br />Property ur to the sums secured by this Lhed uf'frust.
<br />6. prdsnatioa and ~laintenaaee zsf Prepertyi Leasehelcls; Coodorainiums; Planwed Unit Bevedopaterrts. Bor-
<br />rower shard keep the Nroprrty in gcxrd repair and shall nut commit waste or pee'mit tmpairmen! ur deterioration of the
<br />Property and shalt comply with the provisions of any lease if this [)erd of Trust ti on a leasehold. If this ih~ed of Trust is
<br />on a unit in a rnndominium ur a planned unit devrlnpment. Borrower shah perform alt nt Borrower's obligations under
<br />the declaration or covenants ci~attng or governing the <ondnmtmum ar planned unit deveinpment. the by-laws end
<br />regulations ntthc condominium nr planned unit development. and cututituent dxuments.
<br />1. L>tetecit~ of I,endes's Security. If Borrower tails to perform the covenants and agrrrmrn[s cuntainezi rn this
<br />Ilrxd of Trust, or if any action or pra~erzding is commenced wtrrch nratrriaily affects Lender's interest tr. the Properly,
<br />then Lender. at Lendder's option, upon natter w Borrower, may makr suz'h appearances, disburse such sums, including
<br />reasonable attorne}s' fees, and take such action as is necessary to protect Lender's interest. ff Lender required mortgage
<br />insurance as a condition of making the lean secured 6v this I?eed of Trust. Borrower shall pay the premiums required to
<br />maintain such insurance in effect until such time as xhr requirenteni fur such insurancx terminates in accordance with
<br />Borrower's and Lender's written agrertnent or applicable law.
<br />Any amounts disbursed by Lender pursuant to this paragraph ', with intxrrst iherernt, at thz Noie rate, shad)
<br />become additional indcbtedntss of Bzxrower secured by this Dred of Trust. Unless Borrower and Lender agree to
<br />other terms of payment, suds amounts steal! tee payable upon noziee from Lender to Borrower requesting payment
<br />thereof. Nothing contaiterd in this paragraph ' stra2l require Lender to incur any expense or take any action hereunder.
<br />8, Iaspectlm. I~ndcr may make or cause to lee made reasonable entries upon and inspections of tdre Property.
<br />provided that Lender shall give l3urrnwn notice print to an} such inspection spcrtfr~ng reaSUnabie cause theretur
<br />related ur trader's interest in the Property.
<br />9. Cam. T"tre prose-rds of any award tr claim for damages. slitter ar ~onsequentiad, in cunnrvtion with
<br />any eondemnatioa of other taking of the Property, or part ihrreof, nr fnr conveyance in lieu of eondenrnation, arc
<br />hereby asxigtred and shall be paid to Lender, subject to the terms et ant mortgage, deed of trust or other securily agme
<br />merit with a lien which has priority rn~er this Deczi of Trust.
<br />I0. 8arrower Plot Released; Farifearusce BI !.ender .'fiat a Waiver. t~xtension ud' the time for payment ur
<br />mndifrcatiun uf`amortixatinn oEtdrr sums secured by this Derd of Trust granted by Lrnder to ao} suctessor in interest of
<br />Borrower shall nut operate to release, in soy manner, the liability of the original Borrower and Borrower's succtswrs to
<br />interest. Ixttder shall m>; be requited to commence proceedings against such successor yr refuse to extend time for pa}'
<br />motet c_t otherwise modify amartizatinn of the sums secured by this herd of Trust by reawn of any demand mode by the
<br />ur±gseal Bertsr+yer arul Borrower's successors its interest. Any ftxbratanee hq Lrnder in rxrrcisinK any right ur remedy
<br />hereunder, or otherwise stTnrded try applicably law. shall not tae a waiver o(or prectudr the exercise of an} such right ur
<br />retnrdy.
<br />II, Saeressorn and ,Aeslgns Buuad, last and Seven[ L~biBtf; Co-slgnen. 1'he cosrn;rnts and uKmeu:ante
<br />herein cotrtaitrrd shall [rind, and tier rtght5 hereundn shall inure tu, the resprrtivc successors gnu assigns z,f L.rnder .itid
<br />Bzrcrozrtr, subjtsz`t to the l±rovisiuns of paragraph S6 hereof. BSI covenants and agrecma-nts ~~f Burrc,ut r ,hail tti jnittt and
<br /><zrral. Arty Bzrrrt•wrr who cu signs this Lk-ed of "Eruct. hui dues net execute the ~'t~tc. sat is rt~.sign,ns; this lhY~sd ut I rust
<br />only t!* grant ;end z'unety that &rrfowsf n ittirtrst in sht• prca~rt} r~~-1~rus;c~ ;aneter the t-oats ~,t tht, i'rer=3 at Ttus;. ih;
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