What the Bible says about Stand in Awe of
(From Forerunner Commentary)
The Hebrew word for "fear" (pahad) in this verse means "to be afraid, tremble, or stand in awe of," even to the point of shaking in fear. Everything God does is good, but His goodness can be overwhelming, especially when it is obviously undeserved. It may appear harsh at times to a carnal human being because it may force a change of thought and action—a total reversal in lifestyle.
Martin G. Collins
Fear the Lord's Goodness!