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99- 100516 Any amounts disbursed by Lender pursuant to this Paragraph 8, with interest thereon, shall become additional indebtedness of Borrower 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, and shall bear interest from the date of disbursement at the rate of SIXTEEN AND THREE - QUARTERS PERCENT (16.75%), unless payment of interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate permissible under applicable law. Nothing contained in this Paragraph 8 shall require Lender to incur any expense or take any action hereunder. 9. INSPECTION. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause thereof related to Lender's interest in the Property. 10. CONTJTATION. All moneys and awards payable as damages and /or compensation for the taking. of title to or possesaior €af, or for damage to, or on account of change of grade affecting.,-any.gio = tion of the property subject to this •teed of Trust by reason Vf any condemnation, eminent domain, change of grade, or other proceeding shall, at the option of the Lender, be paid to the Beneficiary, and such moneys and awards are hereby assigned to Beneficia judgment therefor shall be entered Din favor of Beneficiary l and paid shall be used at its option toward the• and when indebtedness, taxes, assessments, repairs or other payment of an items for the payment of which this Deed of Trust is given as security, whether the same be then due or not and in such order or manner as Lender may determine, and any I amount not oO used snail be released by the Beneficiary to the Trustor. Such application or release shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make ,••an award or settle claim for damages, Borrower fails to respond to Under within' thirty (30) days after 'the date such notice is mailed;- Lender is authorized to collect and apply the proceeds, at Lenders option, either to restoration or repair of the Property or to the slims secured by this Deed of Trust. Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal - shall not extent er 'postpone the due date of the monthly installments referred to in Paragraphs 1 and 2, hereof or change the amount of such installments. 11. $ORROWER N uFrFaaF*+. Extension of the time for ent or modification of amortization of the sums secured by this Deedaof Trust granted by Lender 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 amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower's successors in interest. 12. FORDFARANCg� BY TZND NoT n WA �R, Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Deed of Trust. T 13. EDIES CUM[JLATi� ', All remedies provided in this Deed of rust are distinct and cumulative to any other right or remedy under this Deed of Trust or afforded by law or entity, and may be exercised concurrently, independently or successively. M,