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I L , 84 - ,0,0:4262 applicable law requires such interest to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lendercsball" give to Borrowt~ ~\h~!'nli,ge, an annual accounting of the Funds showing credits and debits to the Funds and the purposeforwhitlt each, debit to the Funds was made, The Funds are pledged as additional security for the sums secured by this Deed of Trust, '. . ",'. c "..."c' .'.' c, " < ',' ' If the amount or the Funds held by Lender, together with the ruture monthly installments ofFundspayablepriOrtothe<lUellaieS'~fJ""~;' ' assessments" insurance premiums and-~ound rents, shall.exceed the amount requ.ired~;topay s~:taxes;_:~'111~~,-,i~:~_~p~,~~~~~~/; ground rents as they fall due, such excess shall be, at Borrower's option; either promptly repaid to Borrower orcredit~tollOrre\y~o:"!ilol!tl1lY~< ... installments of Funds. lr the amount of the Funds held by Lender shall no~ be sufficienU"pay !altes, assesst!1entS"iDS\lrance,p~~"lii!!l,;'_: ground rents as ~hey fall due, Borrower shall pay t" Lender any anwunt necessary to make up the deficiency within 30'daYS'from~"'<Ili~:,,~~~"" ' is mailed by Lender to Borrower requesting payment therooL _ _ _ :-:': .,': ::__~:-:,-::_--,- .-:::-_~::-.::::-:';~;~o:~:~:':':~~}~/'f~_;~<:,,};'::' Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund,!o Bnrr"wer l"'Y, Fun4s,held,1!t:'I#!!clei',~I~;' under paragraph 18 hereor the Property is s"ld "r the Property is otherwise acquired by Lender, Lender sball apply, no,ia\er ,i;h..",.i~~l\l~r prior to the sale of the Property or its acqui.iti"n by Lender. any Funds held by Lender at the time of application, as a cre,jitagaiJlSt'the.~':' secured by this Deed of Trust, 3, Application of Payments, Unless applicable law provides otherwise, all payments received by Lender urider the N~teand'JHIr~~'I' and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hereof,then'tO';in~restc>" payable on the Note, then to the principal of the Note, and then to interest and principal on any Future Advanccs:,":_, , ":: _ _,~' _',__',_',: '>'<';>_ _><:, 4, Charges; IJens. Borrower shall pay all taxes, assessments and othet charges, fines and impositions attributable tothecPropeny",hicb. may attain a priority over this Deed of Trust, and leasehold payments or ground rents. if any, in the manner provided ~nder..~~pli~2. ~r ~ or, if not paid in such manner. by Borrower making payment. when due, directly to the payee thereof. ,Bonowet' shall promPtly,-.fuDJi~?:to:" Lender all notices of amounts due under this paragraph, and in the event Borrower shall make paymen~ directly, Borrowetshallp~o!llptly' rumish to Lender receipts evidencing such payments, Borrower shall promptly discharge any lien which has priorityover.thisDeCd'ofTros~' provided, (hat Borrower shall not be required to discharge any such lien so long as Borrower shall agree in writing to the:paYIDentof--the Obligation secured by such lien in a manner acceptable to Lender, or shall in good faith contest such -lien by; or defend enfcj~cemen6jfsucb-1ien-:: in, legal proceedings which operate to prevent the enforcement of the lien or forfeiturr "\f the Property or any part thereof. s. Hazard hUDrance. Borrower sball keep the improvement'i itoW existinr t;>.. ~ ~ . .uter erected on the'Property insuredagai.:i1stJoo:-hy-{m;i: hazards included within the term' 'extended coverage'. , 2-tld such other hazards ..~ Lender may require and in such_amounts and JOI"5ucJ1;pCriods' as Lender may require; provided. that Lender shall not require thai. the amount of such coverage exceed that amount of cOvtrage feqliired'tO'"Y the sums secured by thii Deed of Trust. The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that such'approval shall not be unreasonably withheld, All premiums on insurance 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. 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 shall promptly fuinish tc,_ lender all renewal notices and aU 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 tepair is economically feasible and the security of tlUs Deed of Trust is not thereby impaired, If sucb 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 10 the sums secured by this Deed or Trust. with Ihe excess, ir any, paid I" Borrower, If the Property is abandoned by Borrower. or if Borrower fails to respond to Lender within 30 days from the date nouce is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance bendits, 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 or proceeds to principal shall not extend or postpone the due date of the monthly jnstallm~nts referred 10 in paragraphs 1 and 2 hereof or change the a.rnount of such w.stall.'Ilents. If under para,g(8.ph 18 hereof the Property is acquired by Lender, all right. title and interest of Borrower in and to any insurance policies and in and to the proceeds thereof resulting rrom damage to the Propeny prior to the sale or acquisition shall pass to Lender to the extent of the sums secured hy this Deed of Trust immediately prior to such sale or acquisition. 6. I'reoerntioa"" MoIa._.., of Propony; u-bolds: Condom/nloms; PllIIIDed Unit Denlop_lI. 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 or any lease ir this Deed or Trust is on a ieasehold, If this Deed of Trust is on a unit in a condominium or a planned unit development, Borrower shall perform all of Borrower's obligations under the declaration or covenants creating or governing the condominium or planned unit development, the by-laws and regulations o( 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 supplementlbe covenants and agreements of this Deed of Trust as if the rider were a part hereof. "1. ProtecliOR of LeDder's Security. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust. or if any action Of pnx--eeding is commenced which materially affects Lender's interest in the Property, including, but not limited to. eminent domain, insoJvency~ code enfort.'ement, or arrangements or proceedings involving a bankrupt or decedent, then Lender at Lender's option. upon notice (0 Borrower~ may make such appearances. disburse such sums and take such al..-"tlon 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 the loan secured by this Deed of Trust. Borrower shaU pay the premiums required to maintain such insurance in effect until SUCh lime as UK requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law. Borrower sbaU pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof, Any amounts disbursed by Lender pursuant to lhis paragraph 7. with interest thereon, shall become additional indebtedness of Borrower secured by this Deed or Trust. Unless Borrower and Lender agree to other terms or payment, such amounts shall be payable upon notice rrom Lender to Borrower requcstins payment thereoC and shall bear interest from the dalt of disbursement at the fate payable from time to time on outlitandint principal under the Note unless paymem of interest at such rate would be rontrary to applicable law, in which event such amounts ~I bear interest at the highest rate penniMible under applicable law, No~hing contained in this paragraph 7 shall require Lender to incur any ~ or take any action hereunder. .. 1-""", hnder may make 0' cause t" be made reasonable enrries upon and inspe<tions or the Property, provided thaI Lender shall giV(' Borrower notice prior tQ any such inspection specifyina reasonable cause therdor related to Lender's interest in the Propc'rt y. 9~ C.oadeJa..U084 The ptoceeW. of any award or claim for damages. direct or ~-on.sequentlat, in connection with any condemnation 01' mbet I,akin, pf lhe- Ptopeny. or part thereof. or for conveyaru..--e in heu of condemm.tion, arc hereby assigned and shall ~ paid to Lender. In tM"cN of' a lOta! Ulkin.lJ,ofthe Property. thePf{X;'ee;d.\ wall he-applied tothC' --,:ums ~urcd by this Deed ofT\"uSl. with the execs);, if an}', paid U) Bonowet'. iu ltM. evtni of. partial u..bng 0-1' the Property. unless Borrowt't and Lf'nder otherwi.se ~rff in wrJtiul!. there shall bt' applied 10 i1M t\Unl_~uted by thir.l~ o( TrU$t Joch pr-oponion of the pt(~ it, l~ equal [(}that propo-ttiou wbil'h the amo-ulll of the stuns- sC\:'llrw r