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20120U00� In the event of loss, Borrower shall give prompt notice to the �n�*ansp carrier and I.ender. Lender may make proof of loss if not made promptly by Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date notice is mailefl by Lender to Bonower that the insurance carrier offers to settle a claim for insurance benefits, Lender is authorized to colle.ct and apply the insurance proceeds at Lender's option either to restoration or repair of the Properiy or to the sums secured by this Deed of Trust. Preservation and Maintenance of Property; Leaseholds; Condominiums; Planned Unit Developments. 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 le�asehold. If ttris Deed of Trust is on a unit in a condominium or a planned unit development, Bonower 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 reguladons of the condominium or planned unit development, and constituent documents. Protection of Lender's Security. If Borrower fails to perform the covenants and agreements contained in this Deefl of Tmst, or if any action or proceeding is commenced which materially aff�ts Lender's interest in the Property, then Lender, at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums, including reasonable attorneys' fees, and take such action as is necessaty to protect Lender's interest. If Lender required mortgage insurance as a condition of making the loan secured by this Deed of Trust, Borrower sball pay the pre�in required to maintain such inc��ransp in effect until sucb time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law. Any amounts disbursed by Lender pursuant to this ParagiaPh 7, with interest thereon, at the Note rate, shall become additional indebtedness of Barrower 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. Nothing contained in this paragraph 7 shall require Lender to incur any e�ense or take any action hereunder. 8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Praperty, 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. Condemnation. The proceeds of any award or claim for damages, dir�t or consequential, in connection with any condemnation or other taking of the Properiy, or part thereof, or for conveyance in lieu of condemnation, are hereby assigaed and shall be paid to Lender, subject to the terms of any mortgage, deed of mist or other security agre�ment with a lien wluch has priority over this Deed of Tmst. 10. Borrower IVot Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this De,ed of Trust granted by I.ender to any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amorti7aarion of the sums secured by this Deed of Trust by reason of any demand made by the original Bonower and Borrower's successors in interest. Any forbearance by Lender in exercising any right or remefly hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or rem�y. 1-17159 Second Mortgage-NE 1180 Amendad 7104 VMP � VMP781NE111105) Woiters Kluwer Finandel Services Page 4 of 9