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200704728 DOC In #: 00016463810905007 In the cvatt of loa. Iklrl'ower thall &ivc.promplllOtlco to the inIurancD cerrlcr and Lender. Loi1dcr may make proofotloss!foot mIdo promptly by Bonower. lUll! Propcrtyiubllldonecf by Borrower. or ifSOrtowir taU. to respond to Lender within 30 days from the! .datb llbtice i. matted by Lendor to Borrow<< that the insuruce carrier 0" to settlo a claim for Insurance beneftb, Lender is IUthorized to collect and apply tho Insuranoo proceedI It Lender's option oither to restoration or ropeir ofthc Property or to the SWIll JCCUred by this Docd of Trust. 6. PraenratioJr lUId Mafate8aaa of Property; LealelleIdt; C.....-.......;PlaDed !flit Penlapaa." Borroww Mall keep the Property in good repair lUld shall not commit wasto or permit bnpainnent or ~ of the Property and shall comply witlt the provisionl of oy 1_, if this Deed of Trust is on a leasehold. If this Deed of TnIst it O!l 8, wit in a ~ or a pJaDDCd unit 4evo1opmeat. BOI'I'OWel sball pe.rfbnn all of Borrowats obUptionI UAder tho decluatlon or covenants CI'flIdD& or IOV'ftlInS the condominium or planned IlDit development. the by-laws and reaulations ofthc Condominium or pleintod IiDlt de\te1opman..ud constituClnt doownentI. 7. l'rotecdtJa of Leader.' Seeutty. If Borrower fails to pedbrm 1he otwenants md qnlClIIICDtS contained in this Deed of Trust. or ifany action orPJtlC*lding is commenced whieh materially aft"ccts Lender's intllt1lSt in the PrQperty. tbe:n Lender. at Lender', option. upon notice to BorroWCl'. may make mch ~ dlsbutae such iWns. incIw:lina teasonablo attorneys' feci. lIDd takCI ew:blDtlon u is ileCeIJlr)' to ptotcct Lcndet'1 iDtatst [f Lender ftlqultod mortpge iDJunmc;:e as a condition of maldna thc loan It/CIIIted by this Deed af Tnlst. Borrower _11 pay the premiums ~ to maintain.audI InlUl'8l'lCC In effect until sudI time .. -tho requitement fbr such IDsunInce tennilllU:ll In. accotdlmce with Bon'Ower'. and Latder's writtcIt aarcemeat or applicable law. Arty amounts diIbuned by Laadcr pur5UIftt to this J*'8If8pb 7. with intoNlt 1hnon. at the Note rate, shall bccomo additlOMllndebtednels of BOrrower secured, by this. Deed of Trust. Unle8I8qrrowcr and Leodar aaree to other terms of payment. such amounts IhIlI be payable upon notice tom LeDder to Borrower rtquesting, paymODt thereof. Nodting contalneclln tbII pir8grapb 7 shaD require LcrIder to ineur any 0xpen$0 or tlke an)' aetion htnimdw. .. lapeetIoa. Lender may make or cause to be made reIIOftIbIe tiDttIes upon and 1DIpecd0Dl of the Property. provided 1hId; Londot shall give 8orto'Wer notice prior to lIlY such Inspecticm specii}'ing reasonable ClUte tbllrdbr relatod to Lender's interett in the PropeIty. ,. CoIldellutloa. Tbc prococds of.any awvd or claim for _.. dIroct or ccwequerrtlal, in connoc:tion with my concJemnatiolt or other -Ill at the Property, or part thereof. or fOr conveyance in Ucu of condemnation. are henby aulpod and shaD be paid to. Leader. subJeet to tho tcrm& of any ~ deed of trust or other sccurlty apemClDt with a lien which hu priority ov<< this Deed ofTMt 10. Borrowa' Not ReI_ed; Forbanace By IADdIf Not; . Waiver. Extension of the time fQr payment or modification of amorlizltion of tile I1UIlIICCUnJCI by this Deed ofTrult granted by Lender to any 8UCCeIIOr In Interd of Borrower shaD not operate to moue. In any DlIIlMt, the JiiblJity of 'the ori&InaI Borrower Jbd Borrower's sueceseors In lnla'eSt. ~ sbaIl not be raquired to coll.1ll1Ci1ce proclOOdlnpapinst such moceaor or retbIo. to cxteiI.d time for pI.JII1Cilt or odwwi. modify amortiatlOtlof the IUIJlI secuted by this Deed of Trust by ntuon of any demand made by the orfaliUll Bofrower t4d Bonower'ssucceslOll In inttnst. Any tbrbearance by Ltnder hi. ClIlfCIrCisitlJ any right or ratlIldy hereunder. or Otherwise lIftbrded by applic:able law. abalI not be a Waiver of at prec1udc,tbeexercbe of lIfty such right or remedy. 11. Sacauon .. AItIpI load; ,JoI8t .. $evenI LIa....,; C.......... The llO'YeIIaDts and apementlhcnln cootainod shaD bind. llJld tn riJbtl1Mmmdcr shall inure to. . f'llIP'Ctive IUCCClSIOrS and assigns of Lendor' II\d Borrower. ~ to the provisions of Jl8l8Il'IPh 16 hereof. All covemmtl SlId agreements ofBaROWel' shall beJoiDt and. severJL Any Borrower who co-sips this Deed of Trust. but doa not execute the N01C. <a> is co-tlploa this Doed ofTtust only 10 grW and cotMl)' that Borrowen iil.tercslln the Propei"ly to Trustee under the terms of d:ds Peed of TN.. (b) I, oot persoll8Iiy liable on tho Note or Uildcr this Dead of Trust. aocl (0) apeeI that LCinder llDd any other Borrower hereuJldei' may Iple to extend, 'modify. fotbeIr. or _ .71NCJII) (IIIllIl CHL (OIIDI) ..... 41il1', Porm3UI