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I r 84.- 004396 applicable law requires such iqterest 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 i:lJld debits to the Funds and the purpose for-whi~h each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of Trust. If the amount of the Funds held by Lender, together with the furure monthly ins~aUments of Funds payable prior to the due dales of taxes; assessments, insurance premiums and ground rents, shaH exceed the amount required to pay said taxes, assessments. bisurimce prCJni;Wns,-~d\ ground rents as they fall due, such ~xce-ss shall~. at Borrower's option, either promptly repaid to Borrower or credited to-Bd~9wer'o'n'm~n:thly'. installments of Funds, If the amount of the Funds held by Lender shall not he sufficienllo pay taxes, "sesSlJlenlS,insur~'prenli~'''!id ,~ ground rents as they rail due. BOrTower shall pay to Lender any amount necessary !omake up the deficiency wi!hin30daysfrom~th""dall:'llOlice' is mailed by Lender to Borrower requesting payment thereof. UjX.11l paymeni in run of al] Swl'lS secured by tt-Js Deed of Trust, Lcndtr shall promptly rcfu....,d to BorrO'..ver-any' Fu.."lds--heldJ:rj~l';.cr.der~ ~!f-~ under paragraph 18 hereor the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply, nohlter~'ittInl~~y prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of applica~on as-a credit_agai~.:'QlC-:~U_~ secured by this Deed of Trust. 3. ApplicatioD of Payments. Unless applicable law provides otherwise, aU payments received by Lender under the,_Note and_para8ni~,lc and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by Borrower under paragraph 2 hcteof.:then"to _ll1i:erat payable on the Note, then to the principal of the Note. and then to interest and principal on any Future Advances. _ 4. Charges; IJell5. Borrower shaH pay all taxes, assessments and other charges, fines and impositions attn"butable to:thc- Prripcrty-'which may attain a priority over this Deed of Trust, and I~o;.ehoid payments or ground rents, if any, in the manner provided under_paragfapl:i'2~h~f-, or. if not paid in such rnann~r, by Borrower making payment, when due, directly to the payee thereof. Borrower-shall pro~~Y~f~_sh-:~o Lender all notices of amounts due under this paragraph, and in the event Borrower shall make payment d.irCctly, Borrower_'~halLp:rotilptly furnish to Lender receipt':! evidencing such payments. Borrower shaH promptly discharge any lien which has priority over this. Dce(:rof -Trust; provided, that Borrower shall nOt be required to discharge any such lien so long as Borrower shall agree in writing:to thc"PaYlnent or-th~ obligation secured by such lien in a manner acceptable to Lender, or shall in good fairh contest ruch lien by, or def-end enforcemenfofsuch lien in, legal proceedings which operale to prevem the enforcement of lhe lier. or forfei~ur~ I the Property or any part thereof. S. Hazard InsunDa. Borrower shall keep the improvements now existint her.,;. ",tter erected on the Property-insured against Ims by rlie" hazards included within the term "e.'\tended coverage" , and such Nher hazards as Lender may require and in such amounts and for such periods as Lender may require:; pruvllJed. ih.u LCllucr shaH (Wi fP.':ltiite- that the aiTiOunt of .iuch CQVffiige €Xci56d that iii"iiGUiit o-fcvYimije .l"""ii.iired'to'pa-i the sums secured by this Deed or 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 shaH be paid in the manner provided under paragraph 2 hereof or,- if not paid in such manner. by Borrower mak.ing payment, when due. direcUy to [he insurance carrier. AU Illsurance policies and renewais th('reof shaH be in form acceptable to Lender and shaH include a standard mortgage clanse in favor of and in form acceptable tn Lender. Lender shall have the:- right to hold the policies and renewals thereof. and Borrower shall promptly furnish-to Lender aU renewal notices and all rn:elpts of paJd premiums. In the eVent of loss, Borrower shall give prompt notice to the insurance carrier and Lender. I ,('noer may make prt.)Qf of loss If not made promptly by Borrower, Unles~ Lender and Borrower otherwi~e agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged, provided such restoration or repair is. et.'OnornicaJJy feasible and the security of this Deed of Trust is not thereby impaired. If such restoration or repair IS fiOl ~onomically feasible or if the security of this Deed of Trust would be impaired. the insurance proceeds shall be applied !o rhe SUlll$ ~o:me>j h::r this Deed of Trust, with the e:\t:e5S, if any. paid to Borrower. If the Pro-perty is aba.'ldoned by Borrower" or if Borrower fails {Q re$pond to l.enuer wlthm 30 days from the dale notice is mailed by Lender w Borrower that the insUfBIlce carrier offers to settle a claim for insuran~e rene-filS. Lender is authQnttd to collect and apply the insurance proceeds at Lender's option either to restoration or repair of the Property or to {he ~ums. '\.tX'ured by this t::><<d of Trusl. Unless Lender and Borrower otherwise agree." in writing, any such appHcauon of proceeds lo principal shall not extend or postpone the due Ualc of the momhlY ms(aiimenl~ reterred h) H1 paragraphs I and 1 hereof or chanse the amount of such installments. If under paragraph 18 hereof the Property is 3l.quired by lender, aU ritlht, tide: and interest of Borrower in and to any insurance poiicies and in and to the proceeds thereof resuiting from damage to (he nopcny prior to the we or acquisition shaH pass to Lender to the extem of the sums secured by this ~ of Trus.t Immcdiatdy prIor to such sale or acquisition. 6. Pnso....lloo .ad Malol....o<e of Properly; Lnoebolds; CoodomlDlums; PIaJ...ed t!DlI De..lopmeall, Borrower shall keep the Property 10 g();.)J n:pau and ~haU not commit waste I)r permit impairment or deterioration of the Property and shall comply with the provisions of auy I~Cbe if [hl.~ Deed of Trusl !~ on d leaseholu. If this l>eed of Trust is (lO a unil In a condominium or a planned unit development. Borrower shall perform aU <.'f Borrower's obligations under the declaration or covenants crealing or governing 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 l.1evdopment nder is t",\ecureO by Borrower and reconJ.ed together with this Deed of Trust, the covenants and agreements of such rider shall be inL"ocporated into and shaH arnenu ami s-upplement the covenant.s and agreements of this Deed of Trust as if the rider were a part hereof, 7. ProIf'CtiOD of UDder's Secwit)-. If Borrower fails to perform the CQ\o'cnanrs and agreements. contained in this Deed of Trust, or if any action or prO(eeding 1\ ("ommen..::ed WhK.h mate-riaUy aHa:ts Lender's Interest Ul the Property, inc1udins, but not limited to, eminent domain. Ins\)lvency, ':l>de enforcemeI1l. or arrangements or proceedings II1volving a bankrupt or decedent, then Lender at Lender's option, upon notke to Borrower, ma)' make su~h appearani:es, disburse such sums and take such ae(Jon as i~ necessary to protect lender's interest, induding, but not limited to, disbursement (~f reasonable anorney's fees and entry upon the Property to make repairs. If lender required mortgage mSUlance as a condition of making the loan ~e(:ured by this Deed of Trust, Borrower shall pa)' the premiums required to maintain such insurance' in effect until such time a., the requirement for sUl':h msuram.'e terminates m accord.ance with Borrower's and Lender's written agreement or app1il~ble law. 8orrO\4ef shall pay the amount of aU mortgage Hl~urance premiums III [he manner prOVided under paragraph 2 hereof. Any amounts db,bursed by Lender pursuant to [his paragraph '7, with interest thereon, shall become additJonal indebh.."i.1nes:) of Harrower secured by this Deed of TrusL Unless Borrower and l ('ndrr ag!'ee to olher terIT'.5. of payment, such amOilnts shall be payable upon f1(HlCe: from Lender to &Ilfower [':'Questing r.aymem there-uf, and \haH bear imcresl from the date of dls.bursement at the rate payable from ltme: w time un outstanding prtlll.:ipal under the Note unles~ payment of lIHercst at sUl:h rate: would be conua.ry to applicable law, lt1 Whll:h event S.lKh aJ1Wunt~ shall hear interest at the highest rale permi~siblt' under applicable law. Nothing ~olUajned llllhlS paragraph 7 shaH requm.' Lender to IIKUC any ('-'pcme or take any action here-uodel. I. laspt('tion. l.~nde.r may make: or cau~e to he made reasonable entfics upon and m)~lions of the Property, pI\.n.ideJ lhat Lender "halJ jllse Borrower notl~ prior 10 any 'Such lI\s{J('\:tion spt:t:if}'"1ug reas.onable (.'au~C' therefor rdaled 10 1, ender's Inler('~1 in t.he Pr\)pert). Cj, Conde-ma.don. fto-t prtXccds of any award UI claim for damages., dlnxt or ,,'on\t:4uenual. In :':'-~HIu,'~tllm wllh any ~'flnUi,"liHltHh.lf\ loll other taxing of fh~ Propeny. Of vart lhereuf, or for \'iJn""c,-an,-~ In heu of (:1_mdt'mndUun, ,ire heri"by .uslgnnl iUld ~ha11 he raid iI\ l. endel In !h~ evtnt of it total taking <..If th(' Prope.ny, Ih!' pH)(eet_b. .-.;hs.H be "-'pphed hllhc ~lim~ 'J,lxllrt-d by lhi.'\. n'('('lf ~)f 1 f ti'5l. .... nh Itlt' t",,'C<'_'. if Ml\, p"t~d:o llorW"'.t-r 10 !hC' ('''-('HI of l1 partialla.kiil,i of Ih(' f)ropell)', utllci,.~ HI)[! o""er Jntl {,enJct olht.rwl-:,(' ~ts.r(.',: 111 wrH;ni:. t!lr-r\' ._.~htl! t,(' ,,-{pplj~'d 1u rh(' s.nm'\. ..e-<.:;unu hy !hl' r~t (If frU)l ~lJ.(:h prnportHJfl of thi;' pfcl!.:c'td" ;j;i. \~ ('-qUi'll 1;) th<.ll ill nl"flll.'Jl '.\-11,\ h the ,-lllh1UH: "j Hie .,nm.. "'::'\ ljl n,) L