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If Borrower pays Funds to Lender. [he Funds shall be heldnn an institutum the drpersiis or accounts of which are - - -
<br />insured or guaranteed by a Federal or state agency (including Lender if lender is such an institution). Linder shall apply -
<br />the Funds to pay said [axes. assessments: insuranee.premiumsend ground rents. Lender may not charge tin so holding - -
<br />and-apply7ng-the-Funds,-analyzing said account or.verifying and compiling said usessments and bills, unless lxnder - - -
<br />pays Borrower interest-onthe-Funds-and applicable law permits.-Lender io make such a charge: Borrower and Lender - -- _ -
<br />a= may agree in writing of the time of execution of This Deed of Trust that interest on the Funds shat! be paid t<i "Borrower: -- - -
<br />- '~+ -and-unless suchagreement is made or applicable taw. requires such interest m be paid. Lender shall not be required - ~ -
<br />~ to pay Borrower any interest or earnings on the Funds. Lender shall ,give- to Borrower. without charge, an annual
<br />~_ -accounting of the Funds showing credits-and debits to the Funds and the purpose for which each debit to the Funds ties
<br />I made. The Funds are, pledged as additional security for the sums secured by this Deed of Trust
<br />If zhe amount of [he Funds held by Lender, together with the future monthly installments of Funds payable. prior to
<br />ri -the due dates of taxes. assessments, insurance premiums and-ground reins. shall exceed the amount required to pay said-
<br />QQ taxes. assessments, insurance premiums and ground rents as they fait 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 [he amount oi' the - - - -
<br />Funds held by Lender shall not be sufficient to pay taxes, assessments. insurance premiums and ground rents asthe}•fall -
<br />- due, Borrower shall pay to Lender any amount necessary 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 Deed of Trust.. Lender shall promptly refund to Borrower anc
<br />Funds held by Lender. If under paragraph 17 hereof the Property is soldor the- Property is otherwise acquired by -
<br />Lender. Lender shalt apply. no later than immediately prior to ttie sale of the-Property or its acquisition by Lender any - - -
<br />- Funds held. by Lendera[ the time of application as a credit against the sums secured by.this Deed of.Trust. ", - -- - -
<br />- -- 3: Applicationbf Payments: Unless applicable-law-provtdes-itherwise.-all payments received-,hy Lender under --"- _ - ,
<br />the No[e and-paragraphs I and 2 hereof shall-be applied by Lender (first in-payment of amounts payable to Linder-by -
<br />- -Borrower under paragraph 2 hereof, then to interest payable ortthe Note.-arid-then to the principal oCtfie Note. - - . -
<br />_ - - 4. Prior Mortgages and-Deeds of-Trust; Charges;- Liens:,Borrower shall perform all of Borrower's obligations - - _
<br />- under-any mortgage. deed of trust or other securitragreementwith a lien which has. priority over [his lleed of Trust, -
<br />-- - including Bo~rowerseovenams-[o:makepa}'meats when due.-.-Borrower-shall pay-or-cause to-be paid .all .taxes. -. -.. _". -
<br />_ _ _ assessmentsand other charges.fines and impositions attributable to [he Property-nvhic6 may attain a priority"over this - -
<br />Deed of Trust, and leasehold payments or ground rents.-if ant. - - - - - - - - - - -- - _ -
<br />-. - - - - -5. Hazard Insurance.-.Borrower_shall .keep the improvements now existing or hereafter erected. ogthe liropern~ _ _
<br />insured against loss by fire, hazards included within the term "extended coverage", and such other hazards as Lender -
<br />may require and m suchamounts and for such penodsas-Lender-may require. - - - - - ' - - - -
<br />_ - - - - The-insurance:carrier providing.the.insurance shall be chosen_by Borrower subject to approval by Lender; pronded.
<br />- --that such approval shall not he-`unreasonably`-withtietd.-All insurance policies and renewals thereof shall he in a form - -
<br />- - -acceptable.to`Lender and shallindude a`-standard mortgage clause in favor cif and in a-form-acceptable_ti~-Lender.- - - - -
<br />- Lender.shall have the Tight to hold the policies and-renetals thereof,-subject-to the terms of-.anp-mortgage. deed of trust - - -
<br />- or other security-agreement with-alien which has-priority overthis Deed of Trust. - - - - _ _ _ ~ -.-
<br />n the event of loss, Borrower shall give prompt notice-to-the insurance carrier and Lender. Lender map mukepronf
<br />- - of loss if not made promptly by Borrower. - - - - - - - -
<br />" - If the Property is"abandoned- by Borrower, or-if Borrower faits to respond to Lender w•ithm- 30 days from [he-date - -- -
<br />- notice is mailed by-[:ender to Borrower that the insurance carrier offers-[o settle a claim for insurance benefits, Lender is -' - -
<br />authorized'.fo collect and apply the insurance proceeds-af--Lender's option.ei[her to-resCoraiion-or repair--i;f_-the --' - - -
<br />Property or [ti the sums secured by-this Deed ~~f Trust. "' --= '--` ''. - - -- -- - - -
<br />- 6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Dgi~elopments. Bur - - - --
<br />-tower shall keep.the~Property in good repair sod ,hall [tot commit.w,ts[e or perm[[ impairment or dearriuraticin_of the -- - - - - -
<br />-Property and-shall camply with the-provisionti ot`ans Ise if this-Deed o["[~rus€ii un a lease-hold. It=tlti_s Deed ofTrust n - -- _--
<br />" ~-on a unifin`:t eondomiuiuinor a planttedt~nit ileti~c!opuun[. 8orn~wcr shall perform all yf°Borroucr ohhgationsundet
<br />=-the declarati~on-or co_venantscrcating__ot_got~eruing the condominium or planned unit-devctopknent, the hp-la,6a~and
<br />regulations gCd,c condominium ctr-planned unit developmrnt..,nd ctin ti[uentdgcument,. _
<br />_ - - 7:-Protection-a[Lender's.-Security:-It Borrowerlails-w perform the covenants and-agrecntcn[s-contained-tn thts -`--- ----- --
<br />Deed of Trustror if any action arproceeding is-commenced which tna[erially atTects Lender'sinterest in the Property, - -
<br />- [hen Lender, atLenJer's option, upon notice to Borritwer,maymake such appearances: disburse such sums: including -
<br />- .reasonable attorneys' fees, and take such action as is necessary-[o-protect Lender's interest: IF Lender required mortgage- -
<br />..insurance as acondition of making the{oan secured by tfiis Deed of Trust; Borrower shall pay'the premiums.required to - - - -
<br />maintain-such insurance iii etFeet anti[ such time as the requirement for such insurance terminates-iii accordance with
<br />-Borrower's and Lender's written agreement or_applicable law: - ~ - - - _- "
<br />Any amounts disbursed-_byLenderpursuanLfo [his paragraph ', witH:interesP[hereon,-aLthe Note rate; shall --- - .-
<br />- -become additional indebtedness-of_Borrower-secured by this--Deed of'Frust.~ Unless-Borrpiver-.and Leuderagree h+ - - - -
<br />other terms-ofpayment,such amountsshall bedpayable upon notice from Lender tp Borrower_requesting pa}mettt
<br />- - Itieteof. Nothing contained in [his paragr.•tph7 shall require Lenderto incite any' expense ur lake any action hereunder - - - "
<br />8. Inspection. Lender may make ar cause fo tie-made reasonableentries upon. and inspections. of Jhe Property.
<br />-_ -_ - -provided-fhat.Lendar shall -give-Borrower notice prior'-to-any' stich`inspectign sprcifyittg reautnable cause'iheretitr----- -_-_- -
<br />related to Lender's interest in the Property. .
<br />- 4; CondemnatianCThe proceeds of any award ur claim for damages, direr[ or cansequennal, in connecticin with - -
<br />atty condemnation or other .taking of the Property, or part thereof, or-for com~epancc in lieu tit condcmn;uiim, are
<br />_hereby_assigned and stye[[ 6e paid to"Lender,spbje_ct to?he terms of any mortgage. deed of trim ar other secnrin~ -agr~•e- - -
<br />- meat with a Iten which ha, priority over this Deed ofI'rwt
<br />-_--- `-10, Borrower Not- F2cleased; Forbearance By-Len)ier Rot--a Waiver.--iiztcnsivn ail the jinx 1`ue p.n meat ~~r - '---
<br />- -modilication of umortiwtion oC the sums secured _by thic Dca1 of Trust grrntecl 6j Lender t„ .env uira•s+~n tit i nicre,t rat
<br />'porrowershall not operate +u release, m any iriannei. the hnhititt ,if the orig[nai Borrower and Borrnc~rt +.u. rosv~rs rn
<br />- - --iotcrcst. l:endersha(1 not he required to cottimence pruceedingsuguinst such-lUWCSSPr nr refuse t~ catend time Yoe pay
<br />_-.---men[ocotherwisrmodify.amorti'tatiosrtf thesums.-securedhy-_ehis?eednf-=FrusthYreas2ncttrir_t_}_erttandm_ade-by+hr• _-_-_- _-_--_- -
<br />originat Botxower and-Borrower's successors-in inteees[. Any,Corbrarunce by Ixndrr-tit ezerasiuP anp eight i~i~ rtmrd}' -
<br />_ _ hereunder, ur cnherwise atTorded by_appli~able taw.~shall nut beawatvcr r[f gr.predude the cxerci~e :~I'anrw.•h right ~,r - -
<br />- remedy. - _ - - -
<br />- - Il. SuccessorsandAssigns. Bound: Joint:.and-Several.LJabUlty;,Co-signers::7Tte t~cn.un> .uul agrcei,ienr~ -
<br />hercm coa[aitted shall bold, andthe ngh[. h>Fgeu nder shall mute t+.).the nsper[ite succes.+On anJ .,~tii,en~ ~~t t.enJc~ ,m.l -
<br />----- - -- - _ - - .It .,*wr~ - - -
<br />- Bnrrowrr. subjrct-h'r_lhe pray-tvi,r. .paragraph In hereof R narils and a;;rremr:u3~ot Iforr„t„v ,1 - rf I„ (.~In~ e..,.
<br />sci~crAL`Any Borttiwet u-ho cxi ~tgn. Ihi~ 1)crd ul I ruff. hui d[x•i nbt execute [lie her e, rki ~ i. ik",J ,d I i ~~>'. - -
<br />- -ftnli~ i~~-gr,utt attd coeiec, ~thai lioi n~wcr-, nn e-rcs~ n ~hr i' ~q~crt, ;.~ T u;r~, u~~,t "., .: nxm .~ r. 1~.-,.I ,~r ~ ~u.t. h, ~. - -
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