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81-- 101534 If Borrower pays Funds tc 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 axes, assessments, insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills. unless Lender pars 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 such agreement is made or applicable law requires such interest to be paid, Lender shall not be required to pay Borrower any 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 and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of Trust. If the amount of the Funds held by Lender• together with the future monthly installments of Funds payable prior to the due dates of taws, assessments, insurance premiums and ground rents. shall exceed the amount required to pay said taxes. assessments. insurance premiums and ground rents as they fall due, such excess shall be. at Borrower's option. either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount 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 net, ssan to make erg the deficiency in one or more payments as Lender may require. Upon payment in full of all sums secured by :his Deed of Trust. Lender shall promptly refund to Borrower 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 Trost. 3. Applirath m of Paymenie. Unless applicable law provides otherwise. all payments received by Lender under the Note and paragraphs I and 2 hereof shalt be applied by Leader first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest payable on the Note. and then to the principal ofthe Note. 4. Prior Mortpm and Daub of Trot; Charge; Bean. Borrows shall perform all of Borrower's obligations under any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust, - including Borrower's covenants to make payments when due. Borrower shall pay or cause to be paid all Lazes. assessments and other charges, fines 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. 13aaard Ltraames. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term - extended coverage' and such other hazards as Leader may require and in such amounts and for such periods as Lender may require. The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Leader: 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 form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof subject to the terms of any mortgage. deed of trust or other security agreement with a lien which has prio -lty over this Deed of Trust. In the event of loss. Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make prod Of loss if not made promptly by Borrower. If the Property s abandoned by Borrower. or if Borower fails to respond to Lender within 30 days from the date T notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits. Leader is authorized to collect and apply the insurance proceeds at Leader's option either to restoration or repair of the Property or to the sums secured by this Deed of Trust- 6. amt Maw of Property; Iaaeei"; Coadsminjimina. P4ued Urdt Deeii9pniellms. Bor- rtrwer shall keep the Propem in good repair sue shall not :wtmtt waste or permit impairment or deterioration of the Property and shall comply with the provistons of any °ease i t mis Deed of Trust is on a leasehold. If this Deed of Trust is oil a unit in a condominium or a planned unit development. Borrower shall perform all of Borrower's obligations under the declaratico or covenants creating or governing rx corndomimum or planned unit development, the by -laws and reeula cifth-e en u or plan— snit de=eio�iem. and constituent documents. r'a y• Pkcdm of L^-m nt wdr'a Swwkv7 If Borrower fails to perform the covenants and agreements contained in this Deed of Trust. or if any action or proceeding u commenced which materially affects Lender's interest in the Property. then Leader. at Lender's option. upon notice to Borrower. may mate such appearances, disburse such sums, including teasonable attorney-' fees. and take such action as is necessary to protect Lsnrdei s interest. If Lender required mortgage insurance as a condition of making the loan secured by e as t this Deed of Trust. Borrower shall pay the premiums required to maintain such insurance in affect until such ushe requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law. Any amounts disbursed by Lender Pursuant to this paragraph T. with interest thereon, at the Note rate. shall become additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to Other tetras of payment, such amounts shall be payable upon notice from Lender to Borrower requesting p. yment thereof. Nothing contained in this paragraph I shall require Lender to inner any expense or take any action hereunder. a• +» • Lender may [Hake or cause to be made reasonable entries upon and inspections of the Property . provided that Leader shall give Borrower notice pro- to any such inspection specifying reasonable cause therefor retailed to 9. Camdtaamwuem. 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 security agree - rnertt with a lien which has priority over this Deed of Trust. 10. 13 sewer Not Raleaaed; Forborermce By Lender Not a Walvet. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust granted by Lender to any successor in interest of Borrower shall not operate to release• in any manner, the liability of the original Borrower and Borrower's successors m +niece• Leader shatl not be required to commence proceedings against such successor or refise to extend time for pay - mcni or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the ortgrnal Burrower and Borrower's successors in interest. Any forhearance by Lender to exercising any right or remedy hereunder. x otherwise afforded by applicable law. shall not he a waiver of or preclude the exercise u; erns such right err reared y 11. 5wreaa— —4 A-11111ils Ariamd; Iotat and Seweraj L.isbilitr: Co-signers. The covenants and avrermrnts herein r- onrained shall hrrid r and the rights hereunder shell enure m he respective surccssrsn and assigns ou 1 rnrtrr and Bnrr*wrr. su!rK•cr to the prrnsis; «xis rat ficrent .All c—cliants and a g rcrmenis of Borrower shall !ti -,ant caul s. reel Axis [s,:rrl rs-rr -h- k" +tans this ltretl m crust true drrt•s suit ext+<t{tr the Yrrtr far rs �r, stgnrnk this (k•c•d rut bust rmiF tr, �'r a,r:t _.... _;. =s rhj; Lfsrtrr.vy'rr_s enter r, ;t ter the line M•rrr !r.` t Irrister +rnrlrr the terms of this 1 )cr�t ' -.t 1 : usj 'I" r�