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I B 0 .-.-- 002496 applicable :.1.;: req\.iires ;uch inure:;. ,0 t.e paid, Lender ;naU not be r.:qu.ircd to pay Bor,QweT ilny ;nten:st or tafi"..ings on ~h~ funds. Lender shall r give to Borrower, without charge, ~n annual accounting of the' Funds "howing credits i11ld debits to the Funds and the purpose for which each debit to the Funds was made. Th~ Funds are pledged as additional security for the slims secured by this Deed of Trust. I f the amount 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 sa(d taxes, assessments, insurance premiums and ground rents as they faU due. such excess shall be. at Borrower's option, either promptly repaid fO Borrower or credited to Borrower on monthly instaIJment.s of Funds. If the amount of t.he Funds held by Lender shall not be sufficient to pay taxes, assessments. insurance premiums and ground rents as they faU due. Borrower shall pay to Lender any amounl necessary to make up the deficiency within 30 days from the date notice IS mailed by Lender 10 Borrower requesting pa}'111ent thereof. Upon payment in full of all sums secured by this Deed of Trust. Lender shall promptly refund to Borrower any Funds held by Lender. If under paragraph 18 hereof the Property is sold or lhe Property is otherwise acquired by Lender, Lender shall apply, no later than immediately prior to the sale of the Property or 1l~ acqUIsition by Lender, any Funds held by Lender at the time of application as a credit against the sums secured hy [his Deed of T ruSi 3. Application of Payments. Unlt'ss applicable law provides otherwise, aU payments rlXeived by Lender under the Note and paragraphs ) and 2 hereof shall be applied by Lender first in payment of amounts payable to lender by Borrower under paragraph 2 hereof, then to interest !)ayable on the Note, then to the pnn('~lpaJ of the Note. and then to interest and principal on any Future Advances. .t. eball:es; [j~ftS. Borrower shall pa... all tax.es. a.1h~srnenfS and other charges, tines and impositions attributable to the Property which may attain a priority over rhls Deed of Trust, and leasehold payments or ground rents, if any, in the manner provided under paragraph 2 hereof or, If not paid rn such manner. by Borrower making paymem. when due, direct.ly 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 receipt~ t'vldencmg such payments. Borrower shaH promptly discharge any lien which has priority over this Deed of-Trust;. provided, that Borrower shall nO{ be required to dIscharge any such lien so long as Borrower shall agree in writiq to the payment of- the- obligauon secured by such lien In a manner acceptahle to Lender, or shall in good faith contest such lien by. or defend enforcement ofsuch:lien- m, legal proceedings which operate ro prevent the enforcement of the lien or forfeiture of lhe Property or any part thereof. 5. Hazardlnsllfall<<. Borrower shaH keep the improvements now elCisting or hereafter erected on the Propeny insured againa loss.bY'fire:.- hazard, included within the term . 'extended coverage". and such other hazards. as Lender may require and in suchamouDU and for such periods. as Lender may require; provIded. lhat Lender snail nm requIre that the amount of such coverage exceed that amount of cover..e required-to pay the sums secured by fhlS Deed of Trust The imuranL"e carner provIdmg the lnsuranct: shaH be chosen by Borrower subject to approval by Lender; provided, that such approval shall not be unIt'asonabiv wnhhe-!d. ..\11 premIUms on Insurance pohcies shall be paId in the manner provided under paraaraph 2 hereof or, ifnoi: patd In such manner, by Borrower making payment, when due. directly to the insurance carrier. !.\i! Insurance 1X1bc-lel'> and rt:'newah thereol ~hall be HI form acceptable to Lender and shall include a standard morta:qe clause in favor of and 1fl form acceptable!O l('nJe-r I t'oder ...hajj hav(' the fight 10 hold the policies and renewals thereof, and Borrower shall prompdy furnish to lender all renewal notices and ail rC\'clpt~ of p.tud pn:mlums. In the event of loss. Borrower shall give prompt notice to the jnsuraoc:e,carrief_and Lender. lender may make prout' 01 lili5 If not made promptly by Borrower Unless Lender and Bonower otherwl.M:' agree in writing, insurance proceeds shall be appjied to restoration or repmr of the Property. damaged. provtded such r~lorallon or re-pair ts economically feasible and the security of tbis Deed of Trust is not thereby impaired, If.Uda restoration or re-patr is llot e(,'Onomlc.aJIy feasibie or If the ~urit)' of this .Deed of Trust would be impaired.. the insuranoe pnxeeda:......tbe a.pplied 10 the sums ..~":Urt'd by thti Deed of Trust, WIth the excess, if any, paid to Borrower, If the Property is lbuldoned by Borrower, Of'if Borrower falls to te5ptJud to Lender wnhin 30 days from the dale notice IS mailed by lender to Borrower tQt the insuranc:e canier offen -to senle a claim for Insurance ~neflts, Lender l.S authortl-ed to' collect and apply the insurance proceeds at Lender's option either to reslOtatiOil_or repair of the Property or to the sum~ se\.:urtXi by tins Deed of Trust. Unles... Lender and Borro*er otherwlsc agree in writing. any such applicalion of proceeds Lo principa.lshall not extend or postpQDe.tbe.due Jau: of the monthly installment,) referred to 10 par.aaraphs 1 and 2 hereof Of cballle the amount of such installments. If under- ~ 18 hereof (he PrO-perty is aCQuued by Lender, all right. title and interest of Borrower in and to any insurance policies and in and to the prcxeeda. thereof resulting from damage to the Propen)' pnor to the sale or acquisition shall pass to Lender to the extent of the su.ms. secured by this-Deed of Trust immediately prior to s.uch sale or acquisition, 6, ........._..d 1\401....._ of Proporty; l.-lloldt; Colldollilli_; P1uMd UIIII Dn--... Borrower shall keep the Prop.:rty In good fepair and shall not commit waste- or permit impairment or deterioration of the Property and shall comply. with the provisioRa of any lease if this Deed of Trust IS on a leaschold. If this Deed of Trust is on a unit in a condominium Of a planned unit devcloplOCDt. Borrower sban perfonn aU of 8orro\lo<'c:r's I.lbHgauons under the declaration or C'o"enants creatina or governina the condomini\llll or plaoaed unit development. the by-laws and regulauons of the condominium or planned unit development, and constituent documents. If a condominium Of planned unit development rider IS executed by Borrower and recorded togeth~r with this Deed of Trust, the covenants and aarccments of such rider shall be Incorporated into and ~hail amen-d and supplemem the covenants and agreements of this Deed of Trust as if the rider were a pUt hereof. 1_ Protection of Leader's Security. I f Borrower fails to perform the covenants and ajIeemenlS cOOlaincd in this Deed of Trust, or if any aCHon or prtXcromg is I..'ornmenced wtuch matenally affects .Lender's IOle-rest In the Property, indudina, but not limited to, eminent domain, msoivenq:. ~ode ~niort:.ement. or a.rrangements or proceedings in\ioJvlll,g a bankrupt or d<<.-edent. then Lender at Lender's option, upon notice to Borrower, may ma..tc sUlo:'h appearances. disburse such sums and lake such action as i.s necessary to protect Lender's intercst, includina. but not limited 10, disbursemcDl of reasonable attorney's fees and entry upon the Property to make repairs, If lender required mort.aa&e insurance as a ooniliuon of makmg the loan secured by thi:,. Deed of TrUi:ol, Borrower shall pa)' the premiums required to maintain such insurance in effect until Slli:h time a.ti the reqUirement for slich IOsurancc terminates in accordance with Borrower's and lender's written aarcement or applicable law, Borrower shall pay the amount t)f aU mon.gitic imurance premiums in the manner provided under paraaraph 2 hereof. Any amount:s disburs.ed by Lender pursuant [0 thiS paragraph 7, with interest thereon, shall become additional indebtedness of Borrower secured b)' this ['leed of Tru.'i!. l.Jnle.\5 Borrowcr and Lender agree to other terms of paymem, such amounts shall be payable upon notice from l...coder to BorlQWer reqU':!i:alli paymcOl the-looL and shall bear interest from the date of dtsburs.e-mem at the rate payable from time to time OD OUbtanding prioc\pal under the Note unless paymem of interest at such rate wouJd be contrary (0 applicable law, in which event s-ut;;h amounts \hti1 bear tnterot at the hlghc=s{ l-at~ pernussibte under applicable law. Nothing contained in thi.s parag.raph '1 shall require: Lender to In\,''Uf any ~'pcns~ or ta.kc an)' acu<m ht-ce-undef. .. l.u:pedioo. Le.fider may make (If ,-'ausC' HJ be l1ladc reasonable emrib upon and ills~tiQns of the Preperty, pro\'ided that Lender shaH 3l\i'C 8l.xroWt'f notice pnOt to any s:uch ins~uon '"-p<:\':JfYUli ft'Monabie l,.-ause therefor related to Lender's mterest in the P'rOpefty. 9. (~o.....do... The prvcce-d" of at!) a\1iurd 01' datm tot damage.... dlt<<:t Of \.-on..\equc.nu&l. In t:onn<<Uon with allY t,;ondcmmuw-o Of l){~t taking of thti- PrOperlY, VI .N'tri rOC'f'(,{1f. or ft)1 "on\>.eyanc-e Ut h~ 01 condcmnauon. ,ue hen:by as.ngned and shalJ 00 P4id to Lellder. In [b( l:'Vffit (I-f 3- tvtaJ taking (If th(' Propeny. lh.c pf-<-lC~\ ~haU be applIed h) the ,\Um5 :)e\:i,lrcd b)' thl\ l>eed of TfU~I" With the ex.;;t":\.!o. It' any, p;iUd to- f~rfo~"t'r In the eY~TH i)f a piitHa.l hit-mil of lb~ f'fvpt't-t)-. ufll~ Bm'TOwel and Lendt'f tHh-CfWI~.e il~fee H1 \o\-rHH1,~" ther(' \hall bt- apphw It)!he ,>urn" "'C-<;:Uf~(.l b, lht!< 11~-d of 'J ru\l 'ml:.'h prHpmtmn of the jJH>I:<<d.\ d.>; '''-{"Q:uai lh.'ii r:vpurthm 'A'lHt'h the ~moufH \'t lhe Hun.. .~I."I..1.ireJ L