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84_:003570 r 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 annuaJ accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit [0 the Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of Trust. If the amount or the Funds held by Lender, together with the future monthly installments or Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents. shall exceed the amount required to pay said taxes,- assessmenu, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower oil 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 rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed by Lender to Borrower requesting payment thereof. Upon payment in full or all sums secured by 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 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 Lender at the time of application as a credit'against the sums secured by this Deed ofTrusL J. AppUcation of Payments. Unless applicable law provides otherwise, all payments received by Lender under the Note and paragraphs.l 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 principal of the Note, and then to interest and principal on any Future Advances. 4. Charges; l,iens. Borrower shall pay all taxes, assessments and other charges, fines and impositions, attributable to the Propcrty 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 h~reor or, jf not paid in such manner. by Borrower making payment, when due, directly to the payee thereof. Borrower.shaJl 'promptly, ftimish'.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.TfuSt: provided, that Borrower shall not be required to discharge any such lien so long as Borrower shall agree in writing to the paymen.t--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. 5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Propeny insured against loss by,fire, hazards included within the term' 'extended coverage" , and such other hazards as Lender may.require and in such amounts-and for'sllch'.penQds: as Lender may require; provided, that Lender shall not require that th~ amo <..If such coverage exceed that amount of coverage:required'to.pay the sums secured by this Deed of Trus[. The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that such apPJ:'oVal shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner provided undcr'paragrapb'2 hereof Or,.if-.riot paid in such manner, by Borrower making )Jayment, when due, directly to the insurance carder. All insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage ehime.in favar".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 if not made promptly by Borrower. Unless 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 securilY of this Deed of Trust is not thereby,impaired.' 'It:.such restoration or repair is not economically feasible or jf the security of this Deed of Trust would be impaired, the insurance proceeds slui!Lbe 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.swns s(:Cured by this Deed ofTrusL Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not ex.tend or postpone the due date of the monthly installments referred to in paragraphS J and 2 hereof or change the amount of such installinents. If. under .paragraph 18 hereof the Property is acquired by Lender. ail right, title and interest of Borrower in and to any insurance policies arid in and to the proceeds thereof resulting from damage to the Property prior to the sale or acquisition shall pass to Lender to the extent of the.sUIDS..sccured by this'Decd of Trust immediately prior to such sale or acquisition. 6, P........tlon and MaIntenance of Property; Leaseholds; COndomlnl....; PI...ned Unit Developmenls.. Borrower. shall .keepthe Property in good repair and shall not commit waste or permit impairment or deterioration of the Property, and shall comply ,with the'Pl"ovi~o:ris of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust is on a unit in a condominium or a pl.anned unit. dcv.elopment, .Borrower- shall perform aU of Borrower's Obligations under the declaration or covenants creating or 80verniIlg . the condomfuiuin ,or planned unit development, the by-laws and regulations of the condominium or planned unit development. and constituent' document$~ If a condominium or planned unit development rider is executed by Borrower and recorded together with this Deed of Trust, the. covenants and agreements.of such 'id~:- ~ha!! be ir,'2crp:Jra.ttd iDLe 2..:."'!-d shaH arncr;.ct r..IiJ s~pplem;;;lj~ ~ht ':''';h~n.ua", ~HJ Q.&i~m~ijLi vf ihis Deed of TnJ.si. asJf, tht; ridt:I. weJt; a pan L hereof. 7. Protection of Lender'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 interest in the Property, including, but not limited to, eminent domain, insolvency, code enforcement. or 'arrangements or proceedings involving a bankrupt or decedent, then lender at Lender's OptiOD, upon 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 limited to, disbursement of reasonable attorney's fees and entry upon the Property to make repairs. If Lender required mortgage insurance as a condition of making t.he loan secured by this Deed of Trust, Borrower shaJl 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 Lender"s written agreement ,or appJicable law. Borrower shall pay U-ie amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof. Any amounts disbursed by Lender pursuant to this paragraph 7. with interest thereon. sh~I become additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to other tenns of payment, such amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and s.hail bear interest from the date of dis0ursernent at the rate payable from time to time on OUl5tanding principal under the Note unless payment of interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest ai, the high~.st rate permissible under applicable law. Nothing contained in this paragraph 7 shaH require Lender to incur any expense or take any action hereunder. ,8. lospeC'uon. Lender may make or caus.:: to be made reasonable entries upon and inspections of the Property, provided [hat Lender shall gi\o'e Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's interest in the Property. 9. Condemnation. The proceeds of an)' award or claim for dalllage~. direct or I.xlnsequemiai, in (onncction with any ;;.'ondemnation ot other laking of the Propeny, Or part thereof, or for cl.mvcyan(~c in Ueu of condemnalion, arc bereby assigned and lihaH be- paid to Lender, In the tn'nt oJ a total Laking of the ProperlY, the- proceed!; s.hall be applied to the sums ~('Cmed by tIns. DeN of Trust, with the t'X.C-C~l:i, if an-i, J5aid to Harrower. In tbe tVenl of a partial laking of the Propeny, u-nle~5 BoHOW(~f and lender (l(herwi~ agJe~ HI writing, there shaH be- 1iPP1i;d 1-i.1 the :..uim .'ie-l.:ured hy lhi~ i.Jeed o! 'j'w:'ir ~1,Kh pr-oponkm of the pf(.x:eed~ <:1\ i-;. C'.qllaJ t(l thai prm.'>i.lftion which :h(" am0-t,D( of th~ .mm;~ r,('..:m-cd