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I t.14~4003282 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 Cind 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. lr the amount or the Funds held by Lender, together with the rUlure monthly installments or Fund. payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shalJ exceed the amount required to pay sald taxes, assessments, insurance premiums and ground rents as they faH due. such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to BOrrower on monthly installments or Fund.. If the amount of the Funds held by Lender .hall not he sufficient to pay UlXOS, assessments, insurance premiwnsand ground rents as they rail due, Borrower shall pay to Lender any amount necessary to make up the deficiency witllin 30 days from the date notice is mailed by Lender to Borrower requesting payment thereof. Upon payment in rull or all sums secured hy this Deed or Trust, Lender shall promptly rerund to Borrower any Funds held by Lender, If under paragraph 18 hereor the Property is sold or Ihe 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. Application of P8yments. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs 1 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 payable on the Note, then to the principaJ of the Note, and then to interest and principal on any Future Advances. 4. Charges; Liens. Borrower shall pay all taxes, as.sessments 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. in the manner provided under paragraph 2 hereof or, jf not paid in such manner, by Borrower making payment, when due, directly to the payee thereof. Borrower shall promptly furnish to Lender aU nOlices of amounts due under this paragraph, and in the event Borrower shaU make payment directly, Borrower shall promptly furnish to Lender receipts evidencing such payments. Borrower shall promptJy discharge any lien which has priority over this Deed of Trust; provided. that Borrower ~hall nOI be required to discharge any such lien so long as Borrower shaU 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, legal proceedings which operate to prevenlthe enforcement of the lien or forfeiture of the Property or any pan thereof. S. Hazard InSUflIDce. Borrower shall keep the impro\'ement~ now existing or hereafter erected on the Property insured against loss by fire, hv.ards included within the t-erm "extended covciagc", and such otJ,cr hazards as Lender may require and in such amounts and for such periods as Lender filay require. prvvided, .hat Lender shaH .lot r{;qu:r;: :hat :h.:.: ::u&ount of such coverage exceed that al'110UIlt of CO,!"epl-8e requL"ed to pay the sums secured by this Deed of Trust. The insurance carrier providing rhe insurance II be chosen by Borrower subject to approval by Lender; provided, that such approval shall not be unreasonably y,rithheld. All premiums OIl lilsurance policies shall be 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. An insurance policies and renewals th("~~of shall be in form acceptable [0 Lender and shall include a standard mortgage clause in favor of and in form acceptable to L{"nder. Lender shaH have the right to hold the policies and renewals thereof, and Borrower shaH promptly furnish to Lender all renewal notices and ail rlXt:ipts 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 if not made promplly by Borrower. Unl~s Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged, provided such restoratIon or repair is economically feasible and the security of this Deed of Trust is not thereby impaired. If such restoration or repair is not economkaJ-Iy feasible oc if the- sa:urity of this Deed of Trust would be impaired, the insurance proceeds shall be applied to the sums secured b~' thi,) Deed uf Tru~l, with the- ex.~c=;.!l. if any, piUd to Borrower. lr [he Property is aban.doned by Borrower. or if Borrower fails ro respond to Lender within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to sen.-Ie a claim for insurance benefits. Lender is authori1.ed 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 TrusL Unless Lender and Borrower ot.herwise agree in writing, any such applicalion of proceeds 10 principal shall not extend or postpone tbe due dale of the monthly installmem.s referred lO in paragraphs 1 and 2 hereof or change the amount of such installments. If under paragraph 18 hereof the Property is. acquired by Lender. aU right, title- and iOleresl of Borrower in and to any insurance policies and in and to the proceeds thereof resulljng from damage to the Property prior to the sale or acquisition shaH pass to Lender to the extent of the sums secured. by this Deed of Trust immediately prior to such sale or acquisition. 6, Pre.......tJoD ODd MoIDI_D'" of Properly; Leuebolds; Condomlolwns; Plonned Unit De..lopm....., Borrower shall keep the Property in good repair an-d shall not commit waste or permit impa.irmcm or deterioration of the Property and shall comply with the provisions of any lease if this Deed of Trus[ is on 11 leasehold. If this Deed of TruSI is on a unit in a condominium or a planned unit development, Borrower shaU perform aU of Borrower's obligations under (he declaration or covenants creating or govern.ing the condominium or planned unit development, the by~laws and regulations of the condominium or planned unit development, and constituent documents. If a condominium or planned unit deve10pmem rider is C--XC(:Uled by Borrower and recorded together with this Deed of Trust, the covenants and agreements of such rider shaU be incorporaced into and shall amend and supplement the covenants and agreements of this Deed of Trust as if the rider were a part hereof. ,. Protection or Leodu's Security, If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any action or proceeding is commenced which materially affects Lender's imerest in the Property. including, but not limited to, eminent domain, insolvency, code entorcement, or arrangemems or proc'eedings im10iving a banKrupt or decedell1, then Lender at Lcnder's option, upon notice to Borrower, may make such appearances, dis.burse: such sums and take such action as is necessary to protect Lender's interest, including, but not limited to. disburs.emenl of reasonable attorney's. fees and entry upon the Property to make repairs. If Lender required mortgage insurance as a condition of making the J03.n secured by this Oet-d of Trust, Borrower shall pay the premiums required to maintain such insurance in effect until :i-uch time as toe requirement for ~uch insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law" Borrower shall pay the- anwunt 0'1' all mortgage imurance premiums in the manner provided under paragraph 2 hereof. Any amo-unt& disbur~d by lender pursuant to this paragraph 7. \\1th interest thereon. shall O<<Offit' additional indebtedness of Borrower -secured by thi5!>eed of TruM. Unles$ Borrower and Lender agree to otOO terms of paymenl, such amounts shaU be payable upon nOlic-c from LenUct w .8ouowcr requesting payment thtreof, and shall bear interest from the date of dIsbursement at the rate payable from time to time on outstanding prin\.-ip:aJ un4tt Ihe Note unless payment of interest at sur.:h rate would be contrary to applicable law, in which ~venl such amOlJnts shall beat interest atlne hiahe:st rate- permissible undtf app!i:;.abk law. Nothiug ..;:ontained in this pafagraph 1 \hall require Lender to incur any e~ Of tale any \l(:tJon hereunder. 8. lMj)Kdoa. i~ may make llt C3UM: W be I_nade reasonable: entriC'! upon and inspections of the Property, pr(wlded that LC'od(,f shan sh"t' 1l0rfO'itrff not4"e prkn t(J $f!.Y ~l.K'h lruJ)ei::.tioo 1-pe\:ifying rtawnabic \.-AUSC thcrdor related to L~n.der's lnte-fen in the'- Propert)'. -9. Co.....athm. 1"h.;- p.f(~("eds of any award N claim fOf da.'11agc,:.. dirt'CI D! ..:'un~4uemi:u~ i,n -::unut'ct:oo with any ;.;ondf'n1nation or Ofhet Hi')ana M the Pfo~rt).-'. {If pan Iht:ftQf~ or fOI !.:om'c:yaru.:e W lieu of \:'ondernlUttion. arc helcb)' a.s.ugnro and ~haH bt:- r~aid w Lender. tn ttw (~'fP{ ,.)( -a It)tal ulkJt11l of the fJU):()ttly, the procetdi .ihall be-itppbw 10 th~~-ums .J.(;l;urtd by {ha L"Jeed ut '1 rust, with the:: e_"".;t~s. if .an:>. fSlk:t ltf fk}ff.;)w~r, 111 tM (""'tnt i}f A partial ~l\i.illj{ ,of r.h(i P'_C()pt:rf)', Un.k:1>l fklnowcf and 1. ('!Idee vthe-rwi$(' a~rtt .in writinjf:. rhere )hall be ;'lppht.."d W I,M HUf;,{ ~'U.fW t>t !hi.:J; f~ of Tru-if 'nU~}1 pn)p0rHon of the pt(}(:ceJ~;a~ 1;, (':;;~u-..l in lh.;il p<\..,p'ortiUi~ w~lld; tt~t" ..miJuf!; vf th(' 1-,-,m" w.;.m..-:d