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<br /> � '°�j If the amaunt of the Funds held by I.�der.Wgether with the future monthly+n�nmenc�of Ftmds payable prior f t
<br /> `�. �� °-• ts uance remiums and und rents,shall exceed the amonat reqwred to pay ` , ;
<br /> to the aue dates of ta�ces.ass�sm� .ws� p &�
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<br /> � -- _ - -- said taxes.ass�ts.instuance premiums anal ground rents as they fall due,such excess shali be. at Borrawer's _ : � _;
<br /> < " opuon, either promptly repaid to Bormwer or ctedited to Hormwer on moat}ily inst�tt�.,�,r�of Funds.[f the amo�mt ' ���'
<br /> af the Funds held by Lender shall not be sufficient to pay taxes,assessmeuts.insuzance premiums and ground rents
<br /> . as they fall due, Borrower shall pay to Lender any amonat necessary to make up the deficiency in one or more . .�•. `. :
<br /> - paymeats as I.ea�er may requife. '`',. -
<br /> ,° ' Upoa payment in full of all sums secured by this Deod of Tn�st,Lender sl�all pmmptiy refund to Boirower any • ��.�.-;`:}_.
<br /> - : Fands held by L�der.If�wder paragraph 17 I�f t6e F�aperty is sald or the Property is othe�wise acquired by ;- ° .•;�
<br /> = . , Leader.Lender sl�all apply,no later thaa umnediarely prior w the sale of the Property or iu acqnisitioa by Lender, 4 _ -
<br />_� . � any Funds held by L.ender at the tLne of appliration as a credit agaiast the sams secvted by this Deed of Tnut. =�. "�L�'
<br />_" . 3.Application of Paym�ts.Unless applicable law provides otherwise.all paym�ts received by I.ender under ,�.�.�,�,-�—.,--
<br /> - the Nate and paragraphs 1 and 2 heceof sha11 be applied by Lender fisst in payment of amnimts payable to Leader 9ry • _.
<br /> ' - Boaower under paiagraph 2 hereof,t6er►to interest payabte an the Note,and theu w the principal of the Note. ,
<br /> 4. PrIor Mnrtgages and D�eds of ZY�ast; (:harge� 1.ieas. Bormwer shall Ferform all of Borrower's ` ,,
<br /> . • o6ligations nnder any mortgage.deed of trusi or other secauiry agreement with a lien which has griority over this -'' �` '�;===
<br /> • Dced of Tm�t,including Bocrawer's covenants to make paymeats when dae.Borrower shall pay or cause w be paid ': .<; 'c-�°._
<br /> � ' ' all taxes. ass�u and other charges, fines and impositions attributable to the Propeny which may suaia a - ---
<br /> prlority over this Deed of Trust,aad leasehold payments ot ground reats,if aay. , '- .' ��_
<br /> - 5.Ha7ard�ms�ance.Bornnwer shaU kcep the impmvements now e�ing or heceafter erected on the Property `'•��
<br /> insured against toss by fire,ha7ards included wiUria tke term"extcnded coverage."and such other hazards as I.ender . .:.�.��__s_�
<br /> ' .. , maY require and in such amouats and for such pesiods as Leuder may reqaire. .. i .�:
<br /> . ,,: f 'I1ie insarance caaler providing the insuraace sball be chosea by Borrower sabject m approval by I.ender; : • __�'
<br /> � �. ' pmvided, that such appmval shall not be unnasonably withhetd.All insurance policles aad renewals thereof shall be . __�
<br /> �; � ,tt.: in a form acceptable w Lender and shall include a staadaN mortgage clause In favor of and iu a fortn acccptable to _ � °;_�,
<br /> � Lender.Leader shall have the tigbt W hotd the policies and renea+als thereof.sutrject to the terms of any mortgage, , __
<br /> .` . : ;: dced of trust or other security agreemcnt a►ith a lien which hag priority over this Daed of Tiust. -
<br /> - �. .,.�:� Ia the eveat of Zo�s,Borcower shall give prompt notice to the ins�rance canier and Lender.Lender may make . _-
<br /> -_ _• pmof of loss if aot made pmmptly by Sosower. _... ��•'�'•.
<br />' ,,= ` , _ If the pmperty is abandoned b�►Borrower, or if Borrower fails to respond w Lender withia 30 days from the � • �..�
<br /> ". date notice is mailed by Lender w Bormwer that ffie insurance carrier offeis to settte a claim for iasuiaacc beaefiis. � �_
<br /> �... �� . Lender is authorjzed to collect and apply the insurance pmceeds at Lender's oprion either w teswration or repair of .� J-�
<br /> � � ' ;:'� the Property or w the snms secuned by th�s Deed of Trost. � ,���},:-:
<br /> ' 6.Preservatton aad Maintenance oP Properiy; Leasehol�bs;Condnmini�s;Plaane�l Unit Deve�opmmts. � . ". ''`�
<br /> • Borrower shall keep the Property in good repair aad shall not wm�nit waste or permit impairmeat or deterIoratIon of • � �'.`L�
<br /> �� We Property aad shail ooaiuply aith the pmvisioas of any lease if this Deed of Tnist is on a leasehold.If this Deed of � ..`?r�.
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<br /> . Trust is on a un�t in a oundominium or a planued unit development, Borrower shall perform all of Barrower's :�-. �'�'=
<br /> � � obligations under the declasai�on or oovenants creating or goveming the wndom�ium or plaaned unit develmpment. .'`"����- � �. � �"`
<br /> the by-laws aad tegWsuions of the wndominium or pfanaed unit development,and oanstitur�t dacumentc. . "'""-
<br /> � � 7.Yrotectioa of Lender's SecaPity.If Bomower fails to perfonn the cavenants�d agc�enu contained in this � .." ��-
<br /> ' Dexd of Tmst, or if any apion or pmceedin$ is commenced a�ich materlally affects Lender's interest in the
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<br /> pmperly, thhea Lender. at Lender's optioa.upon notice to Borrower, may make such appearances. disburse such , .
<br /> - • � sums, including reasc^able attomeys' fees, and take a�ch action as is necessary to ps�otect Leader's 9nterest. If ... ..
<br /> . . .:� Lender required mnrtga,�: �nsuraacc as a condition of making the toaa secumd by this Deed of 1Yust,Borrowet ahali . .
<br /> pay We prea�ums required to maintain such insurance in effect until such tlme as the roquirement for such insurancc '
<br /> . temiinates in accordance wiah Borrower's and Leader's wriuen agreement or applicable iaw. � .
<br /> ' � Any amounts disbursed by Leader pursaant to thls paragraph 7, with i.senest thereon. at the Note rate.shaU '� .
<br /> ' � ' become addldonal in�:�_edness of Bonower secured by this Dced of Truss. �:nless Borrower and I.ender agree to :
<br /> _ . other terms of payment, such amounts shall be p�able upon notice from L�3er to Borrower requesti�g payment , � .
<br /> � thereof. Nothing coatained in this paragraph 7 shall require Lender to incnr aay expense or take aay action �•
<br /> ��� �. hereunder. '
<br /> �i 8.Inspection. Lender may make or cause to be made rea�onable eatries upon aad inspections of the Property, '
<br /> provided that Lender shall give Borrower norice prior to any such inspec6an specifying reasonable cause therefor � , .
<br /> • related to Lender's interest in the Ptopetty. �om+�eze
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