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<br /> . if the amouru of tAe Funds held by Leadsr.together with tite Pomre monthty ins[allments�Fustds payable prior . ' .�
<br /> � ..,�.: . ..
<br /> � - to the due dates of taxes�ass�� n s,insuraace premiums an d g r o u n d r e n t s.s h a l i e x c ce d t h e a m o u n t r e q u i r e d t o p a y � `_ � _ .
<br /> - ----- said taxes. assessmeats.insurance premiwns and grouad cents as they fall due.such excess shat!be.at Borrower's
<br /> opaon,either pmmptlY rePaid to B°rt°wer or credited to Borrower an moathly ir�stallments of Funds.If the amouat
<br /> � of che Fun�s held by L.ender s,hall not be sufficient to pay iaxes.assessments,ins�rance premiums and ground rents as � � " ` 4' , ... ;.
<br /> ,� • . they fall due,Bonower shail pay to lender auy amount necessary to make up the deficiency in one or more paymenis i ' .� ,
<br /> � � as Lender may require. -. t, �,.���`` ' -
<br /> £�.. ` � _ . IIpon paymeat in fnU of all sutns secuied by this Dced of'i'rust,Leader shaU pmmptiy refund to Bornuwer aay �' . ..�. . • :y
<br /> . �s sold or�he Property is offietwise acquired by ` .-:r-<;-�.-�>'',:
<br /> Funds held by Lender. If under paraBraPh 1T hereof the Properry� h
<br />- � `'• ` Ixuder.Lender sha11 apply.no later than immediately prior to the sale of the Property or its acquisidon by lxnder, �:„ ..
<br /> ;�,. ` � azry Funds held by Lender at the time of application as a eredit against the sums secumd by this Deed of Trust. - -
<br /> � 3.Appltcatfon flf Yaymeats.Unless applicabte law provides otherv�ise,all payments received by L.ender under . ____
<br /> ' � the Note aad paragrapbs 1 and 2 hereof shall be applied by L�der first iu payment of amounts payable to L.ender by �
<br /> gorrower under paragrapb 2 hereof,thea to inierest payable on the Note,aad then to the principal of the Note. . ,;::_�:
<br />"` � 4. Ptfior Mortgages and Deeds oP Trust: Charges; Lieas. Borrower shall perForna all of Bormwer's ' . ,�_`w`•.-
<br /> obligaaons under any mortgage,deed of tr�st or other security agcee�ent with a lien wluch tias priority over this ;��,. 1;'-'_��
<br />-�` • . . Deed of'Ftnst, inctuding Borrower's coveaants to maYe paYments W1�en due.Bormwer shall pay or cause to be paid � ` �Y:,�-� �,.�!.�
<br /> -j . all taxes,assessments and ottzer charges,fines and impositions attn'butable to the Property which may attain a prioriry - - . '����`-�-
<br /> over this Deed of Tnist,and teasehold pay-ments or grourtd zenu.if any. . . '''�"
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<br /> ' " • • ' S.�Insu�ncc.Borruwer shaU keep the improvements now existing or hereafter etected on the Propercy . ',f.t„•.,��':
<br /> ' ' �� iasured against loss by fire.hazards included within the term"extended coverage,"and such other hazards a5 Lender , , : .�
<br /> _` . `. � ...i . ... ' ,�..
<br /> :� . � may requue and in such amonnts aad for such periods as Ixnder way require. ` ,: �'.�.�
<br /> �` , . . The insurance carrier providing the inswance shaU be chosen by Bonower subject to appmval by Lznder: ��_�
<br /> • � . � � provided,that such appmv a l s h a l i no t b e u n n a s o n a b l y w i t l il t e l d.A l l i n s u r a n c e p o l i c i e s a n d r e n e w a l s t h e r e of sAall be ti_�
<br /> ' � � in a form acceptable to Lender anQ sha11 include a standard mortgage clause iu favor of and in a form acceptable to �;,-�_.
<br /> � . ' < ixnder.L.ender shall have the right to ho2d�he policies and renewals [hereof.sub}ect to the terms of aay mortgage, .':G ' ,.iF_-�--
<br /> : � : � deed of mut of other secwity agreement with a lien wfuch has prioriry over this Deed of Tcus� , _.
<br /> ' • In the event of toss,Borrower shall give prompt notice to the insurance canier and l,eader. Lender may malce . : �: ,�
<br /> � . . proof of loss►f not made prompdy by Borrower.
<br /> � • � If the Prapercy is abandoned hy Borrower.or if Borrower fails to rsspond to l.ender within 30 days from the � =��.�
<br /> � � date notice is mailed by Lender to Borrower that[he insurance carrier offers to settle a claim for insurance benefits, � '+:r
<br /> : Lender is authorized to collect and apply the inswance proceeds at Lender's opaon either to resmnttou or tegair of ` '��;;
<br /> � . • the Property or to the sutas secuned by this Deed of Tnut. :;F`''
<br /> ptanne�Untt Developmeuts.
<br /> � • � 6.Preservation and Ma�ntenance of Pcoperty: I.easekoldst CondomWums; � :;. �;��-:
<br /> Y.'•[.:
<br /> , � Borrower shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration of .
<br /> the Froperty aad shall comply with the provisions of any lcase if this Deed of Tnut is on a leasehold.If tbis DeeB of � • .��;�*`
<br /> • ' Tnist is on a unit in a condommium or a planned unit developmeat, Bonower shall perfosm all of Borrower's ��:��'
<br /> , � obligations under the de�laracion or coveaants creating or governin�the condomurium or planned unit development,� � .:�`-.�
<br /> . . . � the by-laws and regulations of the condominium or planned unit devetopment,and canstituent dowments. ��°'
<br /> � ' ` ?.Protection of Leader's Security.If Borrower fails to perform the wvenanu aud agreements contained in this ',
<br /> Deed of Trast, or if aay action or proc�eeding is commenced which tnaterially affecta Lender's iuterest in the . ..-.�,;
<br /> Property, then Leu�er, at l.ender's option, upon notice to Borrower,may make such appearances, disburse such
<br /> ' � • sussu,including reasonable attomeys'fees,and take such action as is nocessary to protect Lender's interest.If Lender ,, � . • .
<br />- , . . required mortgage insurance ag a condition of makir.g the loan secured by this Deed of Trust, Borrower shaii pay the ., .. :
<br /> ' . . preariums requ�red to maintain sucb insurance in effect until such tisne as the tequirement for such iasurance
<br /> � terminates in accordance with Borrower's and Lender's written agreement or applicable law. �t.
<br /> � • Any amounts disbursed by I.ender pursuant to this paragaph 7.with interest thereon. at the 1Vote rate,shall •
<br /> � � become additional indebtedness of Borrower secured by this Deed of Trust. tJnless Borrower and Lender agree to ..
<br /> � other terms of payment, such amounts shall he 7 ashall r P u"ue��l.ertdfer�01 nncurf anyBe Pen er or�take ai�y a�ctieon • � �
<br /> � �, � thereof. Nothing contained in this paragrap e9 ••
<br /> � � hereunder. �
<br /> •• ' ' � S,inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Praperry. „
<br /> � ' , provided that Lender shall give Borrower notice prior to any such inspection specifying reasona e use therefor
<br /> � related to l.ender's interest in the Property. '"""":
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