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201406901 renewal notices. In the event of loss, Trustors shall give prompt notice to the insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made promptly by Trustors. Unless Beneficiary and Trustors otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged, if the restoration or repair is economically feasible or Beneficiary's security is not lessened. If restoration or repair is not economically feasible or Beneficiary's security would be lessened, the insurance proceeds shall be applied first to the sums secured by this Deed of Trust, whether or not then due, with any excess paid to Trustors. If Trustors abandon the Property, or do not answer within thirty (30) days a notice from Beneficiary that the insurance carrier has offered to settle a claim, then Beneficiary may collect the insurance proceeds. Beneficiary may use the proceeds to repair or restore the Property or to pay any sums secured by this Deed of Trust, whether or not then due. The thirty (30) day period will begin when the notice is given. If under Section 18 the Property is acquired by Beneficiary, Trustors' right to any insurance policies and proceeds resulting from damage to the Property prior to the acquisition shall pass to Beneficiary to the extent of the sums secured by this Deed of Trust immediately prior to the acquisition. 5. Preservation and Maintenance of Property: Improvements. Trustors shall not destroy, damage or substantially change the Property, allow the Property to deteriorate, or commit waste. 6. Protection of Beneficiary's Rights in the Property. If Trustors fail to perform the covenants and agreements contained in this Deed of Trust, or there is a legal proceeding that may significantly affect Beneficiary's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or regulations), Beneficiary may do and pay for whatever is necessary to protect the value of the Property and Beneficiary's rights in the Property. Beneficiary's actions may include paying any sums secured by a lien which has priority over this Deed of Trust, appearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although Beneficiary may take action under this Section 6, Beneficiary is not required to do so. Any amounts disbursed by Beneficiary under this Section 6 shall become additional debt of Trustors secured by this Deed of Trust. Unless Trustors and Beneficiary agree to other terms of payment, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Beneficiary to Trustors requesting payment. 7. Inspection. Beneficiary or its agent may make reasonable entries upon and inspections of the Property. Beneficiary shall give Trustors notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 8. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of the Property, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Beneficiary. In the event of a total taking of the Property, the proceeds shall be applied first to the payment of sums secured by this Deed of Trust as set forth in Section 18 below, whether or not then due, with any excess paid to Trustors. In the event of a partial taking of the Property, unless Trustors and Beneficiary otherwise agree in writing, the sums secured by this Deed of Trust shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the portion of the total amount of the DEED OF TRUST PAGE 3 OF 8