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<br /> �,':. , . If the aaaouat of the Funds held by Lender.wgether with the future mor►tUly instalimenu af Funds payable prior ,
<br /> � to the duc dates of taxes.assesssnents,insvrance Premiums and ground ients.shall exceed tt�e amount reguued to pay .;. ;. ;
<br /> _ : . ��, said taxes,assessments,insurance premiums and ground renu as they fa11 duc.such excess shali be.at Hotrower's ;-
<br />. , aption, either promptly repaid w Bormwer or credited to Borcawer on moathly installments of Funds.if the amoant - .�'f,..
<br /> `' . of the Fuads hetd lry Lender shall not be sufRcient w pay taaes, assessments,lnsivanc�e P�emiu�s�d�'OU°d rents
<br /> �`� . . ` : .. as they fall due, Bormwer shali pay to Ixnder any amount nec�sazY ro anake up the deSciency in oae or more r . , •:.` 'r ._
<br /> �- � PaYments as lxnder maY cequire. .�.� i=� -
<br /> Uport payment in full of all sums secured by this DeEd of Tnut,Lender shaU ptomptly refuad w Bormwer a�►Y . �""'
<br /> _ < ` :.� Faads held by Lender.I f u n d e r paragrap h i 7 hereo f t h e P r o p e rt y i s sold or the Pro pe r ty is otherwise acquired by `
<br /> '' ... Leuder,l.ender shall apply,no lazer than immediatelS+prior to the sate of the Pcoperty or its acquisitIon by[.eader,
<br /> ��•� � •s� aay Funds hetd by Leader at the time of application as a cred[t against the sums secured by this Dee�of Trust.
<br /> ' ��� � ts received by L:ender under
<br /> � 3.ApplicatEon oY Aayments-Unless appllcable law pmvidea otherarise, all paymen , _
<br /> - • the Note aad paragraphg 1 aud 2 heceof shall be applied by Lender first in payment of amounts payable tn LeQder by ' . � '� _ —
<br /> .` ' : Barrower �mder paragtaph 2 hereof,ttcen[o interest payable on the Note,and t6en w the princiPal of the Note. •�. -Y�
<br /> ..` l •� ��q �:
<br /> _ - F�.;� • 4. Fiior Mortp�+ges and Deeds oi Tras� Cha=gcs: LIea9. Borrower shall perform all of Bom�wer's '..�',}`:','—
<br /> obligauons under any mortgage,deed of trUSt or other security agmement witb a lien aIucb has prlority over tbis _
<br /> . � Deed of Trust,iacluding Bormwer's covenants to make paymenu when due_ Borrower sha11 p�►y or canse to be paid ' :: ,:�-
<br /> ;'! all taxes, assessments and other charges, fines and iu�positions attn'butab2e to the Property which may attain a �•f�'.
<br /> i p� , �f._;..
<br /> •t. :� �. °�_:-"`--
<br /> � � �':� prioriry over this Deed of Tn�st,and leasehotd payments or grouad rents,if anY• ' �5: : : ._.
<br /> ' .'S 5.Hazard Ia4nrance.Borrower sLall keep the improvements now eaisting or hereafter e�sected on the Property �>�.:.��'_:..:_ .`�'�:.:
<br /> . , � � . _ insnted against loss by fire,hazards included within the term"extended coverage,'and sach other l�azands as Lender
<br /> , . ,. ��. . ma3+�1�and in sach amounts and for such periods as Lender may reqnire- —_-_
<br /> The insurance u�rrier providing the insvrance shall be chosea by Banower sabjecx w appzava� by Lender, --
<br /> � `.`:.<. . mvided, that such approval sball not be wueasonabiy withheld.All insurancep�5cies aad ienewais thereof shall be • 5� � =—
<br /> �;� �' ° in a form acceptable w Leadec aad shall include a stamdard mortgage clause in�cor of and in a fo:m acceptab2e to ,,'#�"�,. ,.,
<br /> .•�'t�,_..___
<br /> '',� : . • ' I,en�er. Lender sLatl have the right to hold the policies and renewals thereof,aubject w the teru�of any mortgage, , s-__
<br /> RQ —
<br /> ._r � , deed of m�st or other security agreement with a lien wlrich has prioriry over t t i i s D e e d o f Tnut. . ___
<br /> �� ln the event of loss, Boaower shall give praa�pt notice to the insurance casrler and Lender• Ixnder m�Y�e . . .. ,_
<br /> , -- , — --•.':,. proof of loss if not made pmmptly by Borrower. _ '. ' •_._-s-:_
<br /> ' If the Property is abandoned by Borrower,or if Boaower fails to respoad to I.ender witl�in 30 days from.the :. ,� ..;�y�
<br />' date nodce is mailed by Lender to Borrower that tl�e insurance carr�er offers ro settle a claim for insuraace benefits, :r
<br /> .- . Lender is authosized to rollect and apply the insuraace pmceeds at Lender's option either to r2storadoa or repair of ., ,,;�
<br />:.;'. � . : � ' the Pmperty or to the sums secured by this Deed o�Tn�st. .. � , _
<br /> � 6.Preservallon andJ Maintenance of Propert�+;I.easeholdst CondomWums;Ylenned Unit Devdopme�s. .. -
<br /> � � : ;.�. • Pdonower shall keep the Pmperty�n good repair and shall not commit waste or permit imDairment or deterioration of . . _-
<br /> n
<br /> a•� � the property an�shaU compiy with the pmvisions of any lease if this Deed of Trust ia on a leasehold.If tlus DeRd of ,
<br /> �.;�. . � ,. _
<br /> �,::; •� Trust is on a unic in a condomimum or a planned unit development,Sasrower shall perform all of Borrower's
<br /> � � . ._ obligations under che declaration or covenants creadng or governiag the condominiwn or planned unit development, —
<br />,:; � �� � the by-laws and reguladons of the canCaminiwn or plaaned uau development,and constiment docua►aus. . `
<br /> - 7.Yrotect�ion of Lender's Sec�Ity•If Borrower fails to perform the covwiants and agreements contained in this �^���-.
<br /> ct�
<br /> � � Deed of Trust, or if any action or proceeding is commenced arhich matedally affects Lender's interest in the ,
<br />. � • � j property, then l.ender, at Lender's option, upoa notice to Borrower.may make such appearaaces.disbiuse such
<br /> ' '' sumg. includ�ng reasonab2e attomey+s' fees. and take such action as 1a necessary to protect Lendor's iaterest. If •
<br /> �• ! Lender mquired mortgage insurance as a condition of making the loan secured by chis Deed of Trnst.Borrower shall
<br /> � `, � j pay the premiums requ�red to maintain such iruurance in effect wuil sach time as the requirement for sucb insurance .. . .
<br />- . ; �� terminates�n accordance with Borrower's and Lender's written ageement or applicable law. ,
<br /> n
<br /> Any amounts disbuised by Lender pwsuant to this pazagraph�, wtth incerest thereon. at the Note r�ce,shall
<br /> become additio�nal indebtedness of Bonower secured by this Deed of Tnist.IJnless Borrower and Lercder agree to
<br /> � other terms of payment. such amounts shall be payable upon notIce from I,ender to Boaower requesting payment ,. . �
<br /> • thereof. Nothing wntained ln thls paragraph 7 shall requlre Lender to iacur any expense or take a�► action .
<br /> � hereunder.
<br /> � � g,Inspection. I.ender may make or eause to be made reasonable entriea upon and inspectians of the Property, • : ' •• �
<br /> '• � provided that Lender ahall give Borrower notice prior to any such inspection specifying teasonable cause therefor
<br /> ' related to Lender's interest in the Properry. �on"3 Z8 _ ,
<br /> ��781M1E1�eson vey��oi e i�iud�: . . ' .. . .
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