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$6-- 103650 applicable la%rpluirea such interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to Burrower; 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. Jr the am u nt of the Funds held by Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes, 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 Borrowers 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 rem as they fall due, Borrower shall pay to Lender any amount necessary to makeup the deficiency within 30 days from the date notice is mailed by Leader to Borrower requesting payment thereof. Upon payment in full of all sums secured by this Deed of Trust, tender shall promptly refund to Borrower any Funds held by Lender. If under paragraph 18 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 Leader an the time of application as a credit against the sums secured by this Deed of Trust. 3. Application of Paymeats. Unless applicable law provides otherwise, ali payments received by Lender under the Note and paragraphs I and 2 hereof shalt be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof, then to interest payable on the Note, then to the principal of the Note. and then to interest and principal on any Future Advances. 4. Charges; Liens. Borrower shall pay all taxes, 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, to the manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to Lender all notices of amounts due under this paragraph, and in the event Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over this Deed of Trust; provided, that Borrower shall not be required to discharge any such lien so long as Borrower shall agree in wnting to the payment of the obligation secured by such lien in a manner acceptable to Lender. or shall in good faith contest such lien by, or defend enforcement of such lien in, legal proceedings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof. S. Hazard lat enact. 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 Lender ntav require and in such amounts and for such periods as Lender may require; provided, that Lender shall not require that the amount of such coverage exceed that amount of coverage required to pay the sums secured by this Deed of Trust. The insurance carrier providing the insurance shall be chosen by Borrower subdect 10 approval by Lender; provided, that such approval shall not be unreasonably withheld. All premiums on insurance policies shall he paid in the manner provided under paragraph 2 hereof or, if not paid in such manner, by Borrower making payment, when due, directly to the insurance carrier. All insurance policies and renewals thereof shall be in form acceptable to Ixnder and shall include a standard mortgage clause in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof, and Borrower shall promptly furnish to Lender all renewal notices and all receipts of paid premiums. in the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss it not made promptly by Borrower Unless Lender and Borrower otherwise agree in writing, insurance Proceeds shall he applied to restoration or repair of the Property damaged, provided such restoration or repair u ececiomicalfy feasible and the security of this Deed of Trust is not thereby impaired. if such restoration or repair is not economically feasible or if the security of this Deed of Trust would be impaired, the insurance proceeds shall be Applied to the sums secured by this Deed of Trust, with the excess, if any, paid to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 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 secuted by this Dead of Trust. Unless Leader and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due date of the monthly installments referred to in paragraphs I and 2 hereof of change the aniount of such installments. If under paragraph Ig hereof the Property is acquired by Leader, All right, title and interest of Borrower in and to any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the We or acquisition ,hall pass to Lender to the extent of the sums secured by this Deed of trust immediately prior to such sale or acquisition. 6. Preaanattoa Bad MialateaBaee of PrupertY; Ltguchoids; Coadanlafums; Planted Unit Developatents. Borrower shall keep the Property in good repair and shall not commit waste of permit Impairment or deterioration of the Property and shall comply with the provisions Of any lease if this Decd of Trust is on a leaxhoid. It this lleai of Trust :s on a unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the declaration or covenants creating or governing the condominium or planned unit development, the Icy -laws and regulations of the condominium or planned unit development, and constituent documents. If a condominium or Planned unit development rider is executed by Borrower and recorded together with this Iced of Trust, the covenants and agreements of such rider shill be incorporated into and shalt amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a part hereof. 7. Prstaetfon of Leader's Security, If Borrower fails 10 perform the covenants and agreements contained in this Dead of Trout, or if any Baton or procading is commenced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain, 1tllotveaCY. code enforcement, or arrangements of proceedings Involving a bankrupt or decedent, then Lender at Lender's option, ..Pon notice to Borrower, may make such appearances, disburse such sums and take such action as is necessary to protect Lender's interest, including, but not fitnited to, disbursement of reasonable artotney's fees and entry upon the Property to make repurs. If Lender required mortgage insurance as a condition of making the loan secured by this Deed of Trust, Borrower shall Pay the premiums required to maintain such insurance in effect until such time as the requirement for such insurance terminates in accordance with Borrower's and Lenders written agreement or applicable Darr- Borrower shall pay the amount of all mortgage insurance premiums in the manner provided under Paragraph 2 hereof. Any amounts disbursed by Lender pursuant to this paragraph 1, with interest thereon, shall become additional indebtedness of Borrower secured by this Dftd of Trust. unless Borrower and Lender agree to other terms of payment, such amounts shall he payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the date of disbursement at the rate payable from time to time on vutPA" tg Principal under the !vote unless payment of interest at such rate would be contrary to applicable law, in which event such amounts d" bear irterest at the highest rate Permissible under applicable law. !Notting contained in this paragraph 7 shall require Lender to incur anv catxnse or take any Action hereunder g. laepaeMaa. Lander may make or cause r,n be made reasonable entries upon and ins Elise Fhrtower txXiCePrior to any such ins d 10 1 cs a the Property, provided that i.endct shall inspection specifying rcascuiabie cause therefor related to !.toiler's Interest to the Properly 1. f'Awmemaali". The proceeds of any award or claim 1'13r damages, durcl nr con tether taking of the property. csr sequrnuai, in connection with ar,. n,ndrmnatav, tper fort there, t c e tmr sr,nvevam: in lieu nr .,,ndemnation, are hereby assigned and half tx ,aid to I coder In rhtevetat of a t(mtal taking I%# the Props v. the prfwv%Nit shall IV applied t,+ afie suto%,toured be this [hv.•d (if artier. u)th tote rsscss, it ant Paid cis Wwrs;rcr in the event <,f a Partial taking of Erie Proper +.y unless Borrower mild I Crider .•t hers r r otrrre ,n wri;.ny ' here ,hall he a ,JNI; rl tti the twna at-y'red is" this f}red ,?d T ^ust such rsr'i?I'✓•aru,•ta ref rho pme:er�ds as �q rri err +d tar ihxt ;,; „p. a•,,,,. ,, nr,.h •hr a , , 'hC ,urn. se+. u•Cri _.