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if ~ pays Fttxxls to L.ecder, the Fun€ts sh~t3 be held is an institution *he depttits or acca_+nts of w~ttich are
<br />itzsured ~ guaransntraed try a Fedttal ar state agents tixreluding Lertder if Lender is sorb an institation;. Lender steal} apply
<br />tht; Fts, ds rc par said tsar, a~•ttts. i~att<ratrce pretniu:ns a~# ~aund tints. L.~,~rr ray ...,t r ar~'or ~ holding
<br />sett ~yinB ihs FurxLs, asalyring said account or verifying and rnmgi}ing said assessmenu and buts. unless Lcadct
<br />r„~ pays Botrovtzr irtteresi eat the Funzts and applkabk taw permits under to make such a charge. Borrower and LPt~cr
<br />r.} luny apex 'ts writing ai the brae of etteeution of the Dtxd of Trust that iaxerest on the Funds shalt br paid to Borrower.
<br />~ a~ uat~s stx3r agixexneat is made: or aptx }aw requiccs such interest to be paid, Lender she}} not tee requited
<br />C'7 to pay &xrotirsrr anp itsteresi or earaittgs aE the Fzutds. I.extdet shall give to Borrower, w%thout charge. an annual
<br />aecouaxing t~t~ Funds sirosring credits and debits to the Fstrds attd the purpose fns which eae}t debit to the Funds was
<br />rttadt The Ftamts axe pledged as additional security for the sums secured by this Deed of Trust.
<br />tf tt~ amount of the Petals held by i,enckr, together with the future monthly installments of Funds payable prior to
<br />Y~ dtu dates of 2atres, asstssmtnis• ittsuratrce premiums and ground rents, steal! exceed the amount requ}red to pay said
<br />,-•4 taxes, asttess7steats, tnsurance ptmtiums and grrrund rents as they fall due. such excess shalt be. at Borrower's option.
<br />~ eitivs pttamptty r=paid to liormker or credited to tlorrrnver on monxhty instal}menu of Funds. If the amu::nt of the
<br />Ftzads fueht by Lender shalt trot tee sufficient tts pay taxes, assessments. insurance premiums and ground rents as they fi'aSl
<br />due. 8orrtraxr sh:ll peg to Lerrdcr eery amount necessary xo make up the deficietery in uns ter mzm payments as Lender
<br />may require.
<br />Llpan pyrrtent in tut! of all sums secured by this I~CCCi of Trust, L~.nder shall promptly refund to Borrower any
<br />Funds held by lender. tf under paragraph t? hemaf the Prtrgerty is sold or the Property is otherwise acquired try
<br />Leader, Lender shall apply, rm latzr than immediately prior to the sale of the Prarxrty or its acquisition by Lender, aac
<br />Funds held by L,cttder at the time of appluatian as a'credit against the stuns secured by this Deed of T; ust.
<br />3. Heat of taaym[a. Unless applirabie law provides uttrrnvtsc, ail payments received by Lender under
<br />the Note and paragraphs : and b hereof shah be applied try Lxztder fiat in payment of amounts payable to iinder by
<br />Borrower ands paragraph : irR'_rcaii, then to interest payable on the Nete, and then to the principal of the Nate.
<br />d. tixiar Martpt;s attrd al Tr>mtz Ct[arges; LJt~. Borrower shall performatl of Botruwer's ubligatians
<br />under any ttmrtgage. decd of trust ar :-then security agreement with a lien which has priority over this Decd of Trust,
<br />incltrdirxg Bo[roarei s covenann to make payments when due. Bcxrower shall riay ar cause to be paid all taxes.
<br />arteasmertts and other charges. fines attd impositions aztributabte to the Progeny which may ateain a priority over this
<br />[)ecd +rf Txtts[, and leasehold payments or ground rents, :t' env.
<br />5. Aatrari faaetarta. Borrower shalt keep the rmpmvements now existing or hereatier erected on the Property
<br />ittsutvtdaeunst leis by fi,-c. hazards tnrittdtxl within the term "extended cs»eraKC". and such other hazards as Linder
<br />may requite and 'ta stxn amounts and for such periods as LAnder may require.
<br />The insurance carrier pras°iding the insurance shall be chosen 6y Bornwer subject to approval by Lender, provided.
<br />that such approval shall not be uarcssunabty wnhheld.:Sii insurance gnlicies anu renewals thrnof shall be in a farm
<br />atY~egtabte to Lender and shalt tnrtude a standard morxKagc clause in favor +~t' and in a iiirtn arrcptabie to tinder.
<br />l.etrder strati have the rtKht m !raid the policies and renewals thereof. subtect to the terms ut any mortgage. decd ut trust
<br />ar other seeurttt agreement u-ith a lien which has princely c+ver this L7c~ed of Trust.
<br />(n the evert ai .~~. Borrower shall give pmmpt notice to the insurartre carrier and Lcndet. tinder may make proof
<br />of lass tt not made prornpdy by Berrrnwer.
<br />it' €he Property is attarrfloncd t*y Borrower, ue if Bottower falls to respond to larder within .it} days from the date
<br />notice is mailed by L,ertdcr to Liwsrrtrwcr that the tnsuraarc career ot7crs to settle a claim fi>r insurance henrfits, tinder is
<br />authottired to co}lect and apply the insurance prexerds at tinder`s uptian either ;+~ restoration ur repair of the
<br />Property or to tiro strtnx secured by this L7ccd cf Trust.
<br />6. P[taaaaratttlae tend '+latet[ewtrtsaY of Praptsetyt L,eawholalr Caariatos}nitamat P!a®ned l;rdt lksdspa[eatta. {ior-
<br />rtrt~x shall keep the Pnrperty in A''r"d repair sad xhail nset commit waste +>r permit impairn€ent ar deterioration of the
<br />twperty and shall r~smply w-rth the pruvtsitsns of any lease :f tells Liccd ut Trust is ot: a leasehold. lf'thts L3eed of Trust is
<br />vn a unit in a comdcrstinwm :x a planrseti unit development. E~~nver shall pert2rrm alt ?f tltrrrower s 4,bhgations under
<br />ftze t~e+r}araii~ri :;r t~rnanzs rrcaz.n¢ +r v~rning the crudorttniunt .,° ptann~ ante desetogateax. the b~--law:, and
<br />rr~_ ttiatinns of t(~ eartdomitritsrt ar plt[rtr~4 unit cirvzla~rrnent, Sad ecnstiittent dcsc-uments.
<br />T. pxt[i ~ lr~ar'a Saeaaitf. if Szxrnwrr fails to perform the crovenants and agreerrtcnrs contained in this
<br />i;s~ of i ayut. ~ f :any aCriar a€ fuaee~exiing is ctrnr~r~~c whscir rtrstcrially ailsrts Cinder`s tnzcr_st ir, ts`ee Pr~:~n:FSy.
<br />r#~i f..enda. tit Lcrxfcr-s apftcat. uptrrr notice to Borr:w~t. Wray maiir such appcaranccs. titsburse such sums, including
<br />reasonable atttsrneps' tea, and take such action as is necessaty to protect tinder's interest. If Lender required mortgage
<br />tnsuraxroe as a tvnditicra of tnakirg rite loan secured by this Deed of Trust, Borrower shall pay the premiums rrqutred to
<br />maintain such insurance in rff<aY unit( such time as the requirement for such insurance terminates in accordance with
<br />Litxr~er's and lxt+tdtr's written agreement or applicable late.
<br />Any axuauats datburscd by Lxttder pursuant to this paragraph '. with interest thereon, at the Nate rate. shall
<br />bacastte add'rtionai indrbtodttcrts of Btxrtrtvex seeuzed by this L)erd of Trtut. Unless Borrower and L.cndcr agree to
<br />sober terms of payt[reot. such amounts shaft be parable upon notice from [.ender to Borrower requesting payment
<br />ttte[vxd. Nothing rzmtatned in this paragraph "shall requrrc Lender to irn:ur any espcase or take any action hereunder.
<br />t!, Qet[rttet9w. Lender may make cx rave to tee made reasonable en[ria upon acrd inspections of the Property.
<br />prwidcd ttta[ l.exttfetr shat! glee Borrawcr trotter prior to any such inspection specifying reasonable cause therefor
<br />r~atert to Ltadsr's itrtt in Yhc t'rt7y^etty.
<br />4, C.aadesu~e. The grzx~ts of any award ur claim for damages, direct ar cunseyuential. in cronnection with
<br />eery ennteutia~ otr other taking ~ tt~ Praper€y. ur part thereof. ar far camcyance in lieu of condemnation, are
<br />heeetr~ ttarctp[ed atgi ahalI tst pale} to Lender, sabjcct to the terms of any mortgage. dyed of trust or attter security agree-
<br />° =c l'?t3-mil; i~ p, ~ 3ty e~~ thle lam} =_s±?'rust.
<br />tg, ~ t~tsitt~turtit F~ t3y fwaA[rtr N~ a 9Y~ver. Extension of the rime for pasrrtent or
<br />rn4diRrra[tatn of anatiron of flee sums s~+ured by this Dted of Trust granted by Leader to any successor in interest ot`
<br />tLevt+tt 3h( fait ~e to r~cs3r, ux any mariner, the liatril"tta of flee original torrower and Bsmawer's sarct"isars in
<br />iuleti',eaR. t..enderaitati ntrt Ire nmquirsd to oanztnener pt+uc~ecdiafp agairtst such successor +x refuse to exterisf time fix pay-
<br />t~rex €tr ~ t[inzlitg anaertt;Patitnq af' thcstuns starurcd by this Deed of Tt•ust lrr reason <rf any demand made by the
<br />teal ~ and Rn+ratr`s sutstss±~rs in interest. Any fixheatarec by Letxfer ir, exercising any right ur rtntettt
<br />fir, trr~ aflLirrtf~t b7 appth:t}bhs taw, shall trot ba a walvct of rx preclude the exercise ct sny such right or
<br />~•
<br />4!. gtte twi tls~t daint aat# Setmsat 1drz Cs-ai~taer:. `The cuvrnants and agrermcnts
<br />ttms;txa ~frimi. atard the t;}gktttc lter4wxtdcr steal} inure to. file respcrtite surc-rssors and assiyzrs ~~f Lvndcr znd
<br />f<#u$e3oat tri tl~ pneci±dcnrx erf crarav,~affi[ iS lrereot: A3t sctveYaanrs sad a~nxs rtf Btrrrtrwrr shall he if>rnt and
<br />~..~ ~ a. ~; ~r~t w>m,. ~_~ :ham t~,-a :,~ r a;:, t~•€ a ~ a~ a€®tt~ ?~rtu, t z ....~g..:ng thi3 (+ .,t L, ust
<br />fir ~a Wit; ~~ s ~t~s :t;3. ~- : =Nxz~at itt t~ Prt~*~:s=a T.sr~€x r,~~.. t~ ,~„a .i tht4 t . ~ t s set, i E.t :.
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