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a gg_ 3103145 If Borrower pays Funds to Lender. the Funds shall be held in an institution the deposits or accounts of which are Insured or guaranteed by a Federal or state agency (including Lender if lender is such an institution). Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account or veriWng and compiling said assessments bills, and unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this Deed of Trust that interest on the Funds shall be paid to Borrower. and unless streh agreement is made or applicable law requires such Interest to be paid. Lender shall not be required to pay forrower anit- interest or earnings on the Funds. Lender shall give to Borrower. without charge, an annual accounting of the Funds showing credits and debits to the Funds the and purpose for which each debit to the Funds was made. The Funds ate pledged as additional security for the sums secured by this Deed of Trust. If the amount of the Funds held by Candor, together will) the future monthly installments of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents. shall exceed the amount.wgitired to pay said taxes. assewnents. insurance premiums and ground rents as they fall due. such excess shall be, at MKIMwer's option. either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the aoutunt of the Funds held by Lender shall not be sufficient to pay taxes. assessments, insurance premiums and ground rents as they fall due. Borrower shall, pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender may require. Upon payment in hill of all sums secured by this Deed of Trust. Lender shall promptly refund to Btrrower any Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by Lender. Lender shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of application as a credit against the sums secured by this-Deed. of Trust. 3. Applieathe of Payments. Unless applicable law otherwise.. provides alt.p4k enti received by Lender under the Note and paragraphs 1 and 2 hereof shall be applied by Leader first in poymeat;nf amounts payable tct.Lender by Borrower under paragraph 2 hereof, then to interest payable on the Note, and '. t f ierx ftt -the principal of thowate. 4. FdW Martgagea and Deeds of Trusts Charges; Liens. Borrower shill- perform all of Borrower's obligations under any modgagq,;deed of trust or other security agreement with alien which has priority over this Deed of Trust, ' including Borrower'; covenants to make payments when due. Borrower shall, .pay or cause to be paid, all taxes, assessments and other chargesAttnes and impositions attributable to the Property which may attain a priority over this Deed of Trust. and leasehold payments or ground rents. if any. S- Ruud howance. Borrower shall keep the improvements now existing or hereafter. erected on the Property insured against loss by Rre, hazards included within the term "extended coverage". and such.otfier hazards as Lender may requite and in such amounts acrd. far;twJi periods as Leader may requite. The insurance carricT providing the Insurance shall be chosen by Borrower subject: to approval ,by Lender; provided. that such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form acceptable to Lender and shall include a standard mortgage clause in favor -of and_ in a -fa m.ar"ntshl. to - - -have .xiwershaI the right to )sold the policies and renewals theteof. subject to the terms of any mortgage. deed of trust or other security agreement with a lien which has priority over this Deed of Trust. -_ In ae event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. If the Property is abandoned by Borrower. or if Borrower fails to respond to Lender withiir` 30', days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender is authorized to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property or to the sums secured by this Deed of Trust. 6. Preservatko ad Mai teaance of Property; Iesaehoids; CandomWrsms; pionned Unit Developments. Bor. rower shall keep the Property in good repair and shag not commit waste or permit impairment or deterioration the of Property and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust Is on a unit in a condominium or a planned unit development. Borrower shall perform: a -1 of Borrower's obligations under the declaration or covenants creiting or governing the condominium or planned' 'utrit development. the by -laws and regulations of the condominium or planned u�tiEtiiesmi¢pmeitt. and constituent documents. 7. p modkis of Lender's Secadh• If Beftwer fails:to perform the covenants and agreements contained in this Deed of Trust, or if any action or proceeding is commend which materially affects Lender's interest I :try property. then Iffier, at Lender's option. upon notice to Borrower. may make such appearances. disburse such sums. including reasonable attorneys' fees, and take such action as is necessary to protect bender's interest. If Lender required mortgage insurance as a condition of making the loan-sewed by this Deed of TrMt Borrower shall pay. the: premiums required to moftwsuch insutraauee in effect until such Irmo as the requirement for such insursn= terminates in accordance with Borrr';w and Lender's written agreement or applicable lair. Any,aMo4=ts disbursed by,fLeader puMvmnt to this paragraph 7. with interest thereon, at the Note rate shall become additional indebtedness of 'Borrower secured by thin Deed of Trust. Unless Borrower and Lender igree to other terms of payment, such amounts shall be payable upon notice from Lender to Borrower requesting payment thereof. Nothing contained in this paragraph 7 shall require Lender incur to any expense or take any action hereunder. L IORMiba. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor , related to Lender's interest in the Property. 9. CAmdaurratbn. The proceeds of any award or claim for damages, direct or consequential. in connection with any condemnation or other taking of the Property, or part thereof, or for conveyance in lieu ! _ of condemnation, are hereby assigned and shall be paid to Lender, subject to the terms of any mortgage, deed of trust or other secu:r* agree- ment with a lien which has priority over this Deed of Trust. i 10. BwmO''er Not Released; Forbearaece By leader Not a Waiver. Extension of the time for paayment or modification of amortization of the sums, +eel by this Deed of Trust granted by Lender to any successor in fnterrsi of LBorrower shall not operate to releases, 4r•4hy manner, the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required1ii commence proceedings against such successor or refuse to extend time for pay - ment.or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the h original Borrower and Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy hereunder, of otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of remedy. any such right or - 11. Successon and Asdgns Bound; Joint and Several Liability; Ca- :lasers. The covenants and agreement- herein contained shall bind. and the rights hereunder shall inure to, the respective successors R and assigns of Lender and Borrower. subject to the provisions of paragraph 16 hereof. All covenants and agreements of Borrower shall he joint and several. Any Borrower who co-signs this Deed of Trust. but does not execute the Note. (a) is co- signing this Ihed u!'plot only to grant and convey that Borrower's interest in the Property to Trustee under the terms ( +f this Deol ��t'fni�t. (h)'i-