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34 - 003470 I applicable law reQuir~ ~uch interest to be paid. Lender ."ihaU not rn: rt"quired to pay Borrower any interest or tarnings on the Funds. Lender shall give !O Borrower. without charge, an annual accounting of the Fund~ showing credits i1nd debits to the Funds and the purpose. for which each debit to th~ Funds wa~ made < The Funds are pledged as additional security for the sums secured by this Deed of Trust, If the amount of the Punds held by Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground renh.. $haJl exceed the amount required to pay said taxes. assessments, iusurance premiums and .2found rents as they fall due. such excess shall be. af Borrower"s option, either promptly repaid to Borrower or credited (0 Borrower on monthly installments of Funds, If the amount of the Funds held by Lender shan not be sufficient to pay taxes, assessments, insurance premiUms and ground rents as they fall due, Borrower shaH pay to Lender any amount necessary to make up t.he deficiency within 30 days from the date notice is mailed by Lender to Borrower re'que~li"g paymem thereof. Upon payment in full of all SlJrtl~ scx-ured by thi!ii Deed of Trust. Lende. shaH promptly refund~to-Borrower-a.'] Funds held by-Lender~ If under paragraph 18 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply, ndiater than immediateJy prior [0 the sale of the ProperlY or its acquisition by Lender, any Funds held by unde'r at, the time of application as a credit agains:t the sums secured by lhis Deed of Trust. ), Applit"adon of PaymenlS-. Unless applicable law provides otherwise, all payments received by Lender under the Note arid par:&&mPbs 1 and 2 hereof shall be applied by Lender first in payment of amounU payable to Lender by Borrower under paragraph 2 hereof, then,to interest payable on rhc: Note. then lo the prmcipal of the Note, and then 10 interest and princjpaJ on any Future Advances. 4, Charges; Uen.",. Borrower ~hall pay all taxe.s. assessments and other charges, fines and impositions attributable to the Property which- may attain a priority OV~ this Deed of Trust, and Ic..a~hold paymenh or ground rents, if any I 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 slutl1'.promptly-futmsh---to Lender aU notices of amounts due under Ihis paragraph, and in the event Borrower shall make payment directly; Borrower shalfprom:Ptly furnish to Lender receipts evidencing such payments. Borrower shall promptly djscharge any lien which has priority over this ~'ofTrtast; pro...'ided. [hat Borrower shall not be required to discharge any such lien ~o long as Borrower shall agree in writing,,-tCl the -PaYment;'oftlic oblig:ation secured by such lien In a manner acceptable to Lender. j;}f shall in good faith contest: such lien by, or defend enforcementof,such.'1ien in. legal proceedings which operate 10 prevem the enforcement of the Hen or forfeiture of the Property or any part thereof~ S. Huard InsuJ'lloce. Borrower shall keep the unprovements now existing or hereafter erected on the Property-insured agB.inst lo:ss:by-fii"'e, hazards included wirhin the term "extended coverage" , and such other hazards as Lender may require and in such amounts. and--for-Silcli'pesjOds' , as Lender may require: provided, that Lender shall not require the: amount of such cove:rageexceed that amount of-coverage_rCquired to'pay.' the sums secured b~' this Deed of TruS!. fhe insurance carrier providing the msurance shall be (:hosen by Borrowt"r subject to approval by Lender. provided~, that -such'_:approvaJ-;., shaH not be unreasonably withheid. AJl prf"T.iums on insurance policies shaJi be paid in the manner provideti-under_panigraph 2 bereof~cr1'ifnot paid in such manner. by Borrower mak.ing payment, when due. directly to the insurance car ner. AJI insurance policies and renewab thereof shall be in form ao;eptable to lender and shall include a standard mortgage clausejnJavor of ,md in form <icceptabie to Lender, Lendcr ~haH have the righl w hold the policies and renewals thereof. and Borrower shall promptly -furnish 'to_ Le!10er ail renewal notices and aU rt"Ceipt\i. (If paid premiums. In the event of loss, Borrower shall give prompt notice to the_insurance carrier--,and Lender. Lender may makt"prool of lo,,~ il nUl made promptly by Borruwer. Unles.,'t Lender and Borrower- orherwi~c agree in wrh;ng, insurance pt~S shall be applied to restoration or repair_ of. rhe,'PrQPCrty damaged, provided such restorallon or repwr I,~ ecol'lomically feasible and the security of this ~ of Trust is not thereby impaired.~ If, suc~- restoration or repair is not el.~Qnomi{'ally fea..,ible or ,f the ~uri[y of [his IXed of Trust would be- _impaired. the insurance proceeds'~:b:e'. apphcd to the sum.') secured by this- Deed of Truiit, with the e:f(":-ess, if any, paid to Borrower, If the _Property is abandoned by Borrower, or if.- Borrower fails w respond w lc:nder Within 30 day~ from the uatC' notic( l.s mailed by Lender 10 Borrower that the insurance carriei,ofr~s.~to 5eHIC' a claim for InsuranCe benefits, L~nder l!i authOf'llw to collect a.nd apply the insurance proceeds at Lender's option eitber to r-est()t&tiQn-'or repair of the Proper I}' or to the 5-ums, sti,.'ured by this l'ke4 of l'ru.sl. UoJC'Ss Lender and Borrower otherWl'ie agree in wrl[ing, any such apphcalion of proceeds to principaJ shall nOl-extend or postpOnc--tbe_911e_ date of the- Oil)fHhIy installments referred to in paragHlphs J and l hereof or (hange the amount of such installments. If under par,agrapb_' 18 hereof the Property is acquired by L~nder, aU right, ritle and interest of Borrower In and [0 any insurance policies and in and to tbe-,pioc<<ds thereof resulting from damage w (he Properly prior to the sale or acquisition shall pass to Lender to the extent of thtaums_ secured by thiS-Deed of Trust immediately pnor [0 such sale or acquisition. 6. Preservation aDd MlUQt~ce oi hopeny: Lauebuidl; CondumiDhi.ms; Pi.RUed Unii ilndupme.ai8. Bo-trower 8h~t kfeP the: Properiy in good repair and shaH not commit wastt or permit impairment Of deterioration of the, Property and shall comply_ With the"prQvisions- of any lease if this Deed of 'l'!"ust i:i. on a le&ehoJd. if this Deed of Trust is 00 a unit in a condominium or a planned-uni~ dcve1opm_cnt, _Borro~er shall perform ail of Borrower's obligation.$, under the declaration or covenants creating or governing -(he co-ndomitlium or planned: ,unit development, the by~laws and r~gulation~ of the condominium or planned unit development, and constituent docu,ments. If a co!ldominium or planned unit development rider is executed by Borrower and recorded together with this Deed of Trust, the covenants and agreementS of such rider shall be incurporated inw and shall amend and supplernent the COYenaIHs. and agreements of this Deed of Trust as if the: rider were a pan hereof. ;. Protection of Lender's Security. if Borrower fails to perform tbe covenants aud agreements contained in this Deed of Trust. or if any aClion or pn.x:eeJing I:' :.:OImnenccd v.hich materially affects Lender\ imere.::.{ in the Property, including, but nOllimiled to, eminent domain, insolvenc)', code enforcement, 0r arrangements or procee-dings invulving a bankrupt or dec<<k-nt, then Lender at Lender's option, upon notice 10 Borrower. may make such appearances. disburse :'iuch sums and take: su~..h action as is necessary to protect Lender's interest, including, but not limited. to. dlSburseme-nt of reasonable aItorne}'s fees and entry upon the Property to make: repairs. If Lender required mortgage insurance liS a condjtjon of making the- ioan sc;,;urcd by this Deed of Trust, Borrower shall pay the premiums required to maintain such insuram..-e in effect until such time ar. the requirement for ,\>uch msurancc termimHes iO accon.1au-ce- with Borrower'5 and Lender'~ written agreement or applicable la)\-, Borrower shaH pay the' amount of all mortgage imulam.--c prenllums in [he manner provided under paragraph 2 hereof. Any amounts disbur!led by Lender pursuant to this- paragraph:, with inleres{ thereon, sha.H become addhioual indebtedness of BOl'Towt.':r "ecured by thi$ Deed of Trust, Unless Borrower and L~nder agr<< 10 -other terms- of pa}-lIlt'm, such amounts ~hall be pay.--able upon nOtice from Lcndc-f 10 !:k>-rrowcf r'=41J~sting payment thereof, and :.hall bear intere,st !wmlhe dale of disbuf:',('mc-nt at the rate payable from time to lime on outstanding priuoJ,mt under rhe Not~ u!iles~ p~ymtn1 of Interest al .',w:h falC would be COntrary ll) applicable law. in 'A'hj~h evel\l such amounts :shall bear interest at the highest rate permis:"iblc under nppli\;-tible la)\-" Nothing l.:onl.ain(:d it1 this p.aragraph 7 !\haH require lender to in~~'uf any- ("Jl:pemc or take ....ny -action hereunder 8. JtDpe'(dun. Lender rnay make- Qf ,aUK '0 be- mau't' r~m,oIl.aN~ -cnu-k_'S upon .and H1\j.XCHons of the ProperlY, pml/ided that Lender ti-ha.H gn:e BI',"Hw'i't-cr nDh'Ce pdor t~) ;;1ny 'iuch iJU,ptdion "pecifyiug r~Aj;:onabl-e- cau:;.e therdor rd3H"d t41 l.ender':j, mrcre.M in tho: Property. 9, C.l8dflrmaUOft. nlt p-ro\:cw!\, of any <lwiud w daim f(ir da1l1agf;:f" dir-e,,1 l:>! ,"-\)!1',;e'4m'~",jial H! ;"(I!lJlf,''(tll)1l "lth .\i,n) .;,__\ndr-JtmaH(~n d! (1th<t tillmg d -Ih(' PHl-;:~t.'t, pan: !ftt'H_oi, l.}! 1'01 i:"nvt},HICt" in h~H {.If \:(Hl<k'm:~;1J!t,m, art h~r.cb} 3"<,,o..j!Wnllln;.l 'th<iH t..~ pa:d 10' LeJ)Jer. tn the e-~elH 01 do total,..ldn.g nf iht: Pwp("rty, HH~ ptou~~d~ "hail lx" <.lDphtd;n ~ht: ~i.lnH "",,," \.Ht'u b.-" (hi} rk~ ..'t flU"!, wt:h lh,; n({'~". il' aq~. p'il.rd r-O-liOffD-wt'r. In ,h~ t.'-Y~rH of a parual rB.k:i!1~ nf ;he PllJt:-t.n~, llJLII:;-!.:} BDtH'~-~', .~m.d. r ::;rHk~ ,Ii wr,lt:',,,,-. {~\elC ~hal1 b( Jpplt.;;--;j L th.,. :j\:.i.W,", ';t"~ ;rre,,J hI' [hi,:, l.k-'('~d -i n.ht .tKl! pr\~p.;.,'r1l'.:m .;:,f 'in;; PH"":cr.,,h :~'~ ;\ ;" thil! 1;\(