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~A~ 00.3681 .. ,_..-> L applicable law requires such interest 10 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 i:tI1d debits to the Funds and the purpose for whiCh cacfl.. debit to the Funds was made, The Funds are pledged as additional security for the sums secured by this Deed of Trust. I r the amount or the Funds held by Lender, together with the future monthly ins~llments of Funds payable prior to the. duedatcs of taxes, assessments. insurance premiums and ground rents. sh3.11 exceed the amount required to pay'said ~,_aSsessmen~, iIisur~-ptemhunS,an~ ground rents as they fall due, such excess shall be, at Borrower's option. either promptly repaid to Borrowet.or.credited 10 Borrower on IIIOII!blf installments or Fuods, If the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance:premi1IltIsaJId ' ground rents as they rall due, Borrower shall pay to Lender any amount necessary to make up the deficiency within 30 day.from thedatAon<liiee is mailed by Lender to Borrower requesting payment thereof. - Upon payment in rull of all sums secutedby this Deed of Trust, Lender shall promptly refund to Borrower anYl'undsheldby.~...;.lf, under paragraph 18 herear the Property is sold or the Property is otherwise acquired by Lender. Lender shall apply, no later.tban Immedi~y 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:tht-~ secured by this Deed or Trust. 3, Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under .the Note andparagrilphs'l and 2 hereor shall be applied by Lender Iirst in payment of amounts payable to Lender by Borrower under paragraph 2 hereof,then to irileresr . payable on the Note, then to the principal of the Note, and then to interest and principal on any Future Advances. 4, Charges; !Jens, Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to the.PropertY.whi~o may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the-manner provided underparagraPh-2,_~Cr?r: or, if not paid in such manner, by Borrower making payment, when duc, directly to the payee thereof. Borrower,sball promptly,f~~_:.t~:: Lender all notices of amOunts due under this paragraph, and in the event Borrower shall make payment directly, B6rrower._shall:p,rOm'p:tly/o furnish to Lender receipts evidencing such payments. Borrower shall promptly discharge any lien which has priority over_;this__peed,of-TI:Ust; provided, that Borrower shall not be required to discharge any such lien so long as Borrower shall agree in -writing. to the -payment- 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 ofsuCh',Uen_ 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 Property insured againSt loss-by.iJier hazards included within the term . 'extended coverage", and such other hazards. as Lender may require and in such amounts-and for such periods ;-;; as Lender may require; provided, that Lender shall not require that the ;:.mount of su,,- '..:)Verage exceed that arnountof coverage requiredtiJ--j)ay- the sums secured by this Deed of Trust. The insurance carrier providing the insurance shall be chosen by Borrower subject to approval-by Lend~; provided, thaLsuch 'approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid in the manner provided under paragraph-2 hereof-or, ifnot paid in such manner, by Borrower making payment, when due, directly to the insurance carrier. All insurance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage clause in-favor-of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof, and Borrower shan promptly furnisb 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 security of this Deed of Trust is Dot thereby_ impaired.- If ,such restoration or repair is not economically feasible or if the security of this Deed of Trust would be impaired, the insurance-proceeds'_,shall be, applied to the sums SC1::ured 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 camer-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 sums secured by this Deed of Trust. Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall Dot extend or postpone-the due date of the morllhly installments referred to in paragraphs 1 and 2 hereof or change the amount of such instalhnents. If under paragraph 18 hereof the Property is acquired by Lender I all right, title and interest of Borrower in and to any insurance policies and 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 sums secured by this Deed of Trust immediately prior to such sale or acquisition. 6. Preservation and Maintenance of Property; Leasebolds; Condominiums; Planned Unit Del'elopments. Borrower shall keeP the Property in good repair and shall not commit waste or permit impairment or deterioration of the Property and shall comply with the-provisions 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 planned unit developmentJ Borrower shall perform all of Borrower's obligations under the declaration or covenants creating or governing the condominium Of_ planned unit development, the by-laws and regulations of the condominium or planned unit development, and constituent documents. 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 rider shall be incorporated into and shall amend and supplemem the covenants and agreements of this Deed of Trust as ,if the rider were a part hereof. ..,. Prote<'don faf t-f'ndfr'~ Se<-orHy, 1 f Rorrl)wer fa.ils 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 enforcemem, or arrangements or proceedings involving a bankrupt or decedent, then Lender at Lender's option, 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 shall 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 applicable law. Borrower shall pay the 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, shall become additional indebtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agree to other terms of payment, such amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and .shall bear interest from the date of disbursement at the rate payable from time to time on outstandiog principal under the Note unless paymem of interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate permissible under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any e~pcnse or lake any action hereunder. 8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shall give Borrower notice prior to any .such inspection specifying reasonable cause therefor related to- Lender's interest in the Property. 9. <;ondemnaUoD. The prpcteds of any award or claim for damages. direct or con.sequemial. in connection with any condemnation or other taking of the- Property. or part thereof, or for c(>pveyancc in lieu of condemnation, are hereby assigned and shall be paid to Lender. in tbe: event of a total laking of the Prope'fty. the: pr(~eed~ ~hall DC- apptitd to the sums secured by this Deed of Trust, with the exccss, if any, paid to 'Borrowet. In the- evc:iH of a partial taking of lht Property. unless BOI!ower and lender otherwise agree in writing, there shall be applied to ftlt- 1<u.m$ :;e<:;<Q1< r