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88- 10.1244 and shall not commit waste or permit impairment or deterioration of the Property. 5. If Borrower fails to: a) maintain or pay the premiums for the required insurance of the Property, or b) pay taxes before delinquent, or C) pay any amount due under a prior mortgage or trust deed before delinquent, or d) maintain the Property in good repair, or e) perform any of the covenants or agreements of this Trust Deed, then Lender may at is option pay such insurance premiums, taxes, mortgage or trust deed payments, or make repairs and disburse such sums and take such action as it deems necessary to protect its interest without waiving or affecting its right to declare a default and accelerate the debt secured by this Trust Deed and shall bear interest from the date of disbursement at the rate payable under the note. Nothing contained in this paragraph shall require Lender to make any such disbursements or take any action whatsoever. 6. Lender may make or cause to be made reasonable entries upon and inspections of the Property. 7. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender to the extent of the full amount of the remaining unpaid indebtedness secured by this Trust Deed. If the property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to mak~ an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is mailed, Lender is authorized to collect and apply the proceeds to the sums secured by this Trust Deed. Condemnation proceeds or awards shall be credited to the last maturing installments of the indebtedness secured and shall not extend or postpone the due date of the monthly installment referred to in paragraphs 1 and 4 hereof or change the amount of such installments. 8. If the Lender issues a partial release of this Trust Deed, the proceeds received therefor shall be credited to the last maturing installments of the indebtedness secured hereby. 9. If Lender either voluntarily or involuntarily becomes a party to any suit or legal proceeding relating to the Property, Note or this Trust Deed, then Borrower will reimburse the Lender for all costs and reasonable attorney fees incurred by the Lender relating to such suit or legal proceedings and said sums shall constitute additional indebtedness secured by this Trust Deed and bear interest at the rate payable under the Note, until paid. -3- r L ..J ~.