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200501682 If Borrower pays Funds to Lender, the Funds shall be held in an institutionthe deposits or accounts of which are insured or guaranteedby a federal or state agency (includingLenderif Lenderis such an mstitution).Lendershall apply the Funds to pay said taxes, assessments,insurance premiums and ground rents. Lender may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in writing at the time of execution of this Deed of Trust that intereston the Funds shall be paid to Borrower, and unless such agreementis made or applicable law required such interestto be paid, Lender shall not be requiredto pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which 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, togetherwith the futuremonthly installmentsof Funds payable prior to the due dates of taxes, assessments,insurance premiums and ground rents, shall exceed the amountrequiredto pay said taxes, assessments, 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 on monthly installments of Funds. If the amount of the Funds held by Lendershall not be sufficient to pay taxes, assessments,insurancepremiumsand ground rents as they fall due, Borrower shall pay to Lender any amountnecessary to make up the deficiency in one or more payments as Lender may require. Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any Funds held by Lender. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by Lender, Lender shall apply, no later than immediatelyprior to the sale of the Property or its acquisitionby Lender, any Funds held by Lender at the time of application as a credit against the sums secured by this Deed of Trust. 3. Application of Payments. Unless applicablelaw provides otherwise,all paymentsreceivedby Lenderunderthe Note and paragraphs 1 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, and then to the principal of the Note. 4. Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perform all of Borrower's obligations under any mortgage, deed of trust or other security agreementwith a lien which has priority over this Deed of Trust, including Borrower's covenants to make payments when due. Borrower shall pay or cause to be paid all taxes, assessments and other charges, fines and impositions attributableto the Propertywhich may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any. 5. Hazard Insurance. Borrower shall keep the improvementsnow existing or hereaftererectedon the Property 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 such periods as Lender may require. The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that such approval shall not be unreasonablywithheld. All insurancepolicies and renewals thereofshall be in a form acceptableto Lender and shall include a standardmortgage clause in favor of and in a form acceptableto Lender. Lender shall have the right to hold the policies and renewals thereof, subject to the terms of any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust. 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. If the Propertyis abandonedby Borrower, or if Borrowerfails to respondto Lenderwithin 30 days from the date notice is mailedby Lenderto Borrowerthat the insurance carrieroffers to settlea claim for insurancebenefits,Lenderis authorizedto collect and apply the insuranceproceedsat Lender's option eitherto restorationor repair of the Propertyor to the sums secured by this Deed of Trust. 6. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments. Borrower shall keep the Propertyin good repair and shall not commit waste or permitimpairmentor deterioratiorof the Propertyand shall comply with the provisions of any leaseif this Deedof Trustis on a leasehold.If this Deedof Trustis 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 of the condominium or planned unit development, and constituent documents. 7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreementscontainedin this Deed of Trust, or if any action or proceedingis commencedwhich materially affects Lender's interestin the Property, then Lender, at Lender's option, upon notice to Borrower, may make such appearances,disburse such sums, including reasonableattorneys' fees, and take such action as is necessary to protectLender's interest.If Lenderrequiredmortgage insurance as a condition of making the loan securedby this Deed of Trust, Borrower shall pay the premmmsrequiredto maintain such insurance in effect until such time as the requirementfor such insurance terminatesin accordancewith Borrower's and Lender's written agreement or applicable law. Initials: �(4 (Eb-76N(NE) (0204) Page 3 of 7 Form 3828