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I )3..;,;;;., 006544 applicable law requiRs .uch interest to be paid. Lender .ball not be required to pay Borrower any intuest or earninss on the Funds. Lender !lbaI1 give to Borrower. witbout charge, an annual accountill8 of tbe Funds showill8 credit. and debits to the Funds and tbe purpose for which each debit to the Funds was made. The Fund. are pledged as additional security for tbe .ums secured by this Deed of Trust. If the amount of the Funds beld by Lender, tog<tber witb tbe future monthly installments of Funds payable prior to the due dates of tax... _ts, insurance premium. and ground rents. .hall exceed the amount required to pay sail! taxes. assessments, insurance premiums and ground rents as they fall due. sucb ex<:esli shall be. at Borrower'. option. either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by Lender .hall not be .ufficient to pay tax.., ......ments. insurance premiums and ground rmts as they fall due. Borrower shall pay to Lender any amount necessary to make up tbe deficiency within 30 days from the date notice i. mailed by Lender to Borrower requestill8 payment thereof. Upon payment in full of all sums secured by this Deed of Trust. Lender .hall promptly refund to Borrower any Funds held by Lender. If under paragraph 18 hereof the Property i. .old or the Property is otherwise acquired by Lender. Lender shall apply. no later than immediately prior to tbe 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 thi. Deed of Trust. 3. ApplkalloD of P_u. Unless applicable law provides otherwise. all payments received by Lender under the Note and paragraphs 1 and 2 hereof.hall be applied by tender first in payment of amounts payable to Lender by Borrower under paragrapb 2 hereof. tben to intuest payable on the Note, then to the principal of the Note, and then to rnterest and principal on any Future Advances. 4. C1t1ll'pS; LIeDo. Borrower shall pay all taxes. ......ments and other cbarges. fines and impositions attributable to the Property whicb ma)' attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any. in 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 aU notices of amounts due under this paragraph, and in the eVent Borrower shall make payment directly, Borrower shall promptly furnish to Lender receipts evidencing sucb payments. Borrower shall promptly discharge any lien which has priority over this Deed of Trust; provided. that Borrower shalt not ~ required Ie discl1arge any such lien so long as Borrower shall agree in writing to the payment of the obligation secured by such hen in a manner acceptable to Lender. or shall in good faith contest such lien by. or defend enforcement of such lien in~ kgal proc:etdings which operate to prevent the enforcement of the lien or forfeiture of the Property or any part thereof. S. Huard iDsanuIce. Borrower shall keep the: improvements now existing or hereafter erected on the Property insured qainst loss by fire. hazards included within the term "e:uendcd coverage". and such other hazards as Lender may require and in sueb amounts and for such periods as Lender may require: provided. that Lender shall not require that the amount of such coverqc exceed that amount of coverage required to pay the sums secured by this Deed of Trust. The insurance: carrier provlding the insurancr shall be chosen by Borrower subject to approval by Lender; provided, that sucb approval shall not be unreasonably withheld. AH premiums on insurance policies shall be paid in the manner provided under paragraph 2 hereof or, if not paid in such manner. by Borroy,-er makUll payment. when due. directly to the insurance carrier. All in'lUfance pohcies and renewals thereof shaU be: In form acceptable: to Lender and s.tlaU indude a Slandard mortgaac clause in favor of and in form accept.ablc to LendC'f. 1.I:'ndcr shall have the right to hold the policies and renewals thereof. and Borrower shall prompdy furnish to Lender all rffiCWaJ notkes and aU receipts at' pw:d premiums. In the evwt of loss. Borrower shall give prompt notice to the insurance carrier and lender. Lend<< may make proof of loss it not made promptly by BorroVt"er. Unkss Lender and Borro..v otherwise ~ in writin&. insurance proceeds shall be applied to restoration or repair of the Property damqcd. provided such fator.lion or repair j!\ economically feasible and (he security of this Deed of Trust is not thereby impaired. If such restoration or rtt*f is nOt eronomicaily f~ibk Of If the set."UriIY of this Deed of Trust would be impaired. the insUf~ ..ceedJ shall be .pplled to tbe.urns secur<:d by this Deed of T''''t. with the ex=s. If any. paid to Borrower. If the Property is abandoned b) Borrower. or if Borrower fails to respond to Lender within 30 days from the date notice is mailed by Lender to Borrower that the itl5urance carrier offen to settle a claim for insurance bend1u. Lender jJ authori.zed to collect and appty the .insurance proceeds at Lendcr1s option either to restoration or repair of the Property or to the ,ums secured by this Deed of Trust. Unless Lender and Borrower otberw!.sc ..... in wriliD&, any ,uch application of proce<od! to principalsball not extend or postpone the due date of tbe monthly itutallmen.. referred to in paragraphs I and 2 hereof or chanae ,be amount of .uch installmen... If under paragraph 18 hereof the Property .. acquiled by lender. all riabt. title and interal of Borrower in and to any insurance policies and in and to the proceeds thereof reou1tina from damqe to the Property prior to the &ale or acquisition shall pass 10 Lender to tbe extellt of the ,ums secured by this Deed of Trust immediately prior to such sale or acquisition. 6. "-_ _ M-.- of ~; l-..Na; COlIIIe"",,",...: ......... Valt De.oI.'...... Borrower shall keep the Property in aood repair and shall not commit waste or permit im,*""",,t or deterioration of the Property and sha1I comply with the provisions of any I..... if this Deed of Trust i. on a ieasel>oJd. I f this Deed of Trust is on a umt in a condominium or a pIanoed Wlit de>elopmcnt. Borrower sha1I pe<fonn all of Borrower', obIiplioos under the declaration or cov........ c:reatina or lovemina the CODdumiDlUlll or plllllned unit de\oeIopment. tlte by..laW1 and reauIa1ions of the condominium or pIanoed unit development. and constituent docwnents. if a coD<lominiUlll or pIanDed unit deveIopmesrt rider is executed by Borrower and ro:orded 1000ether with this Deed of Trust. the covenants and qreements of mch rider sha1I be incorporated into and sha1I amend and ,upplcment tbe co......... and _to of this Deed of Trust as if the rider were a part hereof. 7. "-- or~.~. If Borrower fails to pe<fonn the covenants and _u contained in this Deed of Trust. or if any action or proceetlina is 00lDItI<:ft<ed wlticb materially affects Lender', int....t in the Property. includina. but not limJted to. eminent domain. imol_. code enforcement. or~.. or pr".,.".Qj.... involvina a bankrupt or decedent. then Lender at Lender'. option. upon notice '0 Borrower. may make .uch _. disburse such sums and take such action as i. n<<:eosary to prote...~ Lender's interat. indudina. but not limited 10. dilbuncment of reasonable attorney', fees and entry upon the Property to make repairs. If Lender required ~ insurance as a coodItion of makina the loan ....'Ufed by this Deed of Trust. Borrower shall pay the premiums required to maintain such itl5urance in effect Wllil such time at the requiremen, for such insurance terminates in accordance with Borrow..... and Lender's written _, or applkable law. Borrower sha1I pay tbe amounl of all """'- insurance premiums in the manner provicled under par....ph 2 hereof. Ally _ disbursed by Lender pursuant to this paragraph 7. with interest thereon. shall become additiOllal indebtedneu of Borrower ~ by this Deed of T..-. Unless Borrower and Lender ..... '0 ocher 'erms of pI._t. such amount> sha1I be payable upon notice from 1..-r1O Borrower requestin& payment tl>m:of. and sha1I bear ioterest ftom ,he da'e of disbursement at the rate payable from time to time on -"1llllliIl& priJIciplIlIIltIer the NoIe Ull!as paymeot of illt_ at such rate would be contrarY to appIkable law. in which .....t sucb amounU sha1I beat iatenst at tho ltlJheol "'~ permissible under applicable law. Nothil18 contained in this paraaraPh 7 sha1I require Lender to incur any ........... or talr.e any so:rioo l>erewtder. t. '........ Lender tIWly make or c:a_ to be made roasouabie entries upon and inspectiON of tbe Property. provided that Lender shall _ ........... - prior I() any ,ud; iMpoo:.UoIl spcdfYlnl..-ble.._ tbekfor ....wed 10 Lender', interell in the Property. .. Ce~""--"t'TIi... The pc-. of any a_d or claim for~. direct or coOMlQUC1Ilial. in connection with any condemnation 0' 0''''''' talr.q of tbe I'r"1*'lY. Of l*f1lhm1of. at: for COIIveyaace in IWu of c<mdemnation. are hereby aWaned and sha1I be paid to Lender. III 'lor_ ofa_talltIIofthe~y. the pr""eed..bail be applied totbesums~by ,1Ut DeedofTTUlt, with theexcas. if any. l'lOi<l to Borrower. In lhe ..- uf . -"al takitts of the ""-ty. unlcu llorrow<< and Lender o<benr... ..... in writina. thon ohalJ he applied ", ,lot............-uttI!I by this Deed of Tr.m tt1<:ll prO\><ll1.lM of the Pf"""""" .. ;. equal to lha' ptOl>Ortion ..-bicb tbe IUllOUnl of tbe sum. wcuffil