|
LOAN NO.:R9802254250-LLW a7�� iG�j34
<br /> If the amount of the Funds held by Lender, together with the fuhue monthly installments of gunds payable prior
<br /> to the due dates of taxes, assessments, insurance premiums a�d grou�rents, sLall exceed the amount
<br /> said taxes, assessments, insurance remiums and �1�tO pay
<br /> o tion, either p �°�re� � ��' �1 �� �excess shall be, at Borrower's
<br /> p P�P�y npaid to Borrower or credited to Borrower on monthly installments of Pun�ds. If the amount
<br /> of the Funds held by Lender s�all not be sufficient to pay taxes, assessments, insurance premiums and ground rents
<br /> as they fall due, Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more
<br /> PaYments as I.ender may require,
<br /> ,
<br /> UPon PaYment in full of all soms secured by this Deed of Tn�st, Lender shall promptly refund to Borrower any
<br /> Punds held by Lender. If under paragraph 17 hereof the Property is sold or the
<br /> Lender, Lender shall aPP1Y, no latcr th�w immediately prior to the sale of the ��� is otherwise acquired by
<br /> any Punds held by Lender at the time of hcadon as a credit a ��021��q"'�aon by L,ender,
<br /> aPP� gainst the sums secured by this Deed of Trust.
<br /> 3. Appllcatjon of Paymeats. Unless applicable law provides otherwise, all payments nceived bq Lender under
<br /> the Note and P�B�Phs 1 and 2 hereof sball be applied by Lender first in payment of amounts
<br /> Borrower under paragraph 2 hereof, then to interest payable on the Note, and then to the �yable to Lender by
<br /> 4. Prlor Mort P�P$1 of the Note.
<br /> �ages and Deeds of Tn�st; Charges; Liens. Bonower shall perfoim all of Borrower's
<br /> obligations w�der any mortgage, deed of trnst or other security agrcement with $ li����priority over this
<br /> Dced of Trnst, i�luding Borrower's crn,enants to make payments when due. Borrower shall
<br /> all taxes, assessments and other chazges, fines and ' P$Y or cause to be paid
<br /> priority over this Deed of Trust, and leasehold �°�ttons attnbutable to the Property which may attain a
<br /> PaY�►enis or Sround rents,if any.
<br /> 5. Hazard Insurance. Borrower sball keep the improvements now existing or hereafter erected on the PropertY
<br /> insured against loss by fire,hazazds included within the term "e�cteaded coverage," and such other l�azards as Lender
<br /> �Y�1�and in such amounts and for such periods as Leraier may require, . .
<br /> The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender;
<br /> Provided, that such approval shall not be unreasonably withheld. All insurana policies and renewals thereof shall be
<br /> in a form acceptable to Lender and shail include a stamiazd mortgage clause in favor of and in a form acceptable to
<br /> Lender. Lender shall have the right to hold the policies and re�ewals thereof, subject to the terms of any mortgage,
<br /> deed of trnst or other security agreement with a lien which has priority aver this Dced of Tn�st.
<br /> In the event of loss, Borrower shall give prompt notice to the ;nc�,rAmp�����r. ��r may ma1c�
<br /> proof of loss if not made prompdy by Borrower.
<br /> If the Property is abando�;d by Borrower, or if Borrower fails to respond to L,ender within 30 days from the
<br /> date n°ace is mailed by I.ender to Borrower that the insurance carrier offers to settle a claim for insurance benegts
<br /> Lender is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of
<br /> the Property or to the sums secured by this Deed of Tiust.
<br /> 6. Preservation and Maintenance of ProPerty; I.easeholds; Condominiums; Planned Unit Devdopments.
<br /> Bonower shall keep the property in Sood r�p����t��t��or permit impairment or deterioration of
<br /> �e�'°P�n3'�s�ll�°n►P1Y with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed of
<br /> Tn�st is on a unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's
<br /> obligations u�er the declaradon or covenants creating or governing the condominium or pi�d�t de�,elopment,
<br /> the by-laws an�d regulations of the condominimn or planned unit development, and constitnent documents.
<br /> 7.Protedion of Lender's Securlty.If Borrower fails to perform the crn,enants an�a
<br /> Deed of Tn�st, or if any action or proceedi Sreements contained in this
<br /> n8 is comme�ced which materially affects Lender's interest in the
<br /> P�'�pertY� then Lender, at L.ender's option, upon notice to Bonower, may make such appear��s� �burse suc�
<br /> sums, including reasonable attorneys' fees, and take such acdon as is necessary co procect Le�cler�s interesc. If
<br /> Lender required mortgage insurance as a condidon of maidng the loan secure�by��of Trust, Borrower shail
<br /> PaY�P�ums required to maintain such insurance in effect until such time as the
<br /> teiminates in accordance with Borrower's and Lender's written a �ent for such insurance
<br /> Any amounts disbursed b L.ender 8�ent or applicable law.
<br /> Y Pursuant to ttus paragraph 7, with interest thereon, at the Note rate, shall
<br /> �Om° addiaonal indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and I,ender agree to
<br /> hother terms of paYment. such amounts shall be payable upon nodce from I.ender to Borrower requestin8 Pa3'��
<br /> ee�fd.eNothing contained in this paragraph 7 s�all require Lender to incur any expense or take any action
<br /> 8. Lupection. L.ender may make or cause �be�� ��ble entries upon and inspections of the Property,
<br /> provided that Lender shall give Borrower n�otice prior to any such inspection spxifYinB reasonable cause therefor
<br /> related to I.ender's interest in the Property.
<br /> ��-761NE1 wsos� Form 3828
<br /> Pap�3 of e�
<br />
|