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2011043'73
<br />accounting of the Funds showing credits and debits to the Funnds and the purpose for which each debit to the Funds was
<br />trade. The Funxls are pledged as additional security for the sums secured by this Deed of Trust.
<br />If the auhoti t of the Funds held by Lender, together with the fixture monthly irustallrrtets of Funds payable prior to
<br />the due dates of tamN, ads, insurance premurrs and ground ruts, shall moved the amount requdrecl to pay said
<br />tames, assessments, insurance premium and ground rents as they fall due such ewers shall be at Borrower's option,
<br />either promptly repaid to Borrower or credited to Borrower on tnanthly installments of Finds. If the amount of the
<br />Funds held by Lender shall not be suff c tent to pay tares, assessnrents, irnsurarnce premitms and ground rents as they fall
<br />due, Borrower shall pay to Lender any annum necessary to nuke up the deficiency in are or more payrrents as Lender
<br />tray require.
<br />Upon paynert in full of all sunns secured by this Deed of Trust, Lender shall pronVtly refind to Bo nowcr any
<br />Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise aoq fired by
<br />Lender , Lender shall apply, no later than irnrediately prior to the sale of the Property or its acquisition by Lender, any
<br />Funds held by Lender at the tirre of application as a credit against the suns secured by this Deed of Test.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payrrerts received by Lender under the
<br />Note and paragraphs 1 and 2 hereof shall be applied by Lender first in payment of aniounts payable to Lender by
<br />Borrower- under paragraph 2 hereof, then to interest payable on the Note, and then to the principal of the Note.
<br />4. Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perform all of Borrvwer'sobligatios
<br />under any nurtgag e, deed of test or other security agreement with alien v"ch has priority over this Deed of Trust,
<br />including Borrower's covenants to crake paynents when due. Borrower shall pay or cause to be paid all taffies,
<br />assessments and other charges, fines and impositions attributable to the Property which may attain a priority over this
<br />Deed of Test, and leasehold payments or ground rents, if any.
<br />5. Hazard Insurance. Bono"er shall keep the impnovenie is now existing or hereafter erected on the Property
<br />insu ed against lass by fire, hazards included within the ten "eactanded coverage," and such other hazards as Lender
<br />nay n qu ire and in such annnts and for such periods as Lender nny require.
<br />The insurance carrier- providing the insurance shall be chosen by Borrower subject to approval by Lender,
<br />povided, that such approval shall not be unreasonably withheld. All hmuartee policies and renne"als thereof shall be in a
<br />form acceptable to Lender and shall include a standard mortgage clause m favor of and in a form acceptable to Lender.
<br />Lender shall have tlhe right to hold the policies and renevtals thereof, subject to the terms of any mnrtgage, deed of trust
<br />or other security agreement with alien which has priority over this Deed of Test.
<br />In the event of loss, Bonu%wr shall give pronpt notice to the insurance carrier and Lander. Lender may hake
<br />prof of lass if not made promptly by Borrower.
<br />If the Property is abandoned by Borrower, or if Borrowsr fails to respond to Lefler within 30 days firorn the date
<br />notice is mailed by Lender to Bo ro"cr that the insurance carrier offers to settle a claim for insurance benefits, Lefler is
<br />autlxxized to celled and apply the instrarim proceeds at Lender's option either to restoration or repair of the Property
<br />or to the suns secured by this Deed of Trust.
<br />6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments.
<br />Borrower shall keep tlhe Property fn good repair and shall not eomrit waste or peYnft inpain e t or deterioration of the
<br />Property and shall comply with the provisions of any lease if this Deed of Test is an a leasehold. If this Deed of Trust is
<br />on a unit in a cordorniniuun or a planned unit develganet, Borrower shall perform all of Borrower's obligation under
<br />the declaration or covenants creating or governing the condoniniunn or planned unit developrnet, tlhe by-laws and
<br />regulations of the condot inium or planned unit development, and constituent docuurents.
<br />7. Protection of Lender's Security. If Borower• fails to peforrrn the covenants and agreements contained in this
<br />Deed of Trust, or if any action or proceeding is carrrrienced v"ch materially affects Lender's interest in tlhe Property,
<br />then Lefler, at Lender's optim upon notice to Borrower, may make such appearances, disburse such suns, including
<br />reasonable attorneys' fees, and take such action as is necessary to protect Lender's interest. If Lanier required rmrtgage
<br />insurance as a condition of making the loan secured by this Deed of Trust, Borrower shall pay the prerriuurs n prired to
<br />nanhtain such hssuraance in effect until Stich time as tlhe requrirerne t for such insurance tern xtes in accordance with
<br />Bomower•'s and Len der's written aglreenent or applicable law
<br />Any an ixtrits disbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Note rate, shall
<br />become additional hndebted ness of Borrower secured by this Deed of Test. Unless Bonwer and Lanier agree to other
<br />tears of payment, such annt.nts shall be payable upon notice firm Lender to Borrower tequesting payment thereof.
<br />Wittig contained in this paragraph 7 shall require Lender to incr any expense or tale any action hereunder.
<br />8. Inspection. Lender may nuke or cause to be made reasonable entries upon and inspections; of the Property,
<br />provided thhat Lefler shall give Borrower notice prior to any Stich inspection specifying reasonable cause therefor related
<br />to Lenders interest in the Property.
<br />I BPS
<br />,mss -IZA
<br />(0 76(NE) (oaon PbW3of7 Form 3828
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