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200607915 ':JC ID #: 00014269497607006 In the event of los:" Borrower shall givc prompt 'lotice to tht InSUfar.,< carricr and Lcnder. LendCI may mi\ke proof of loss if not made promptly by Borrower If the Property is abandoned by Borrower, (,. iF BOITf)wer fails to re~pond to Lender within 30 days from the d~lte nOlice is mailed by Lender to Bormwer th.i, ,Ile insurance carrier offers to settle a claim for insurance hencfi,3. Lelldcr is authorized to collect and apply th..: in:,~rance pr..x:etlh at Lendcr's option either to restoration or repair of the Property or to the SUIllS sccur(:J l<, J;.:; Deed of;', ..."., 6, Prcscrv:\lion Hnd Maintenance of Propert)'; Leaseholds; Condominiuffi'i; Plunnl'<1 Unit Dnclopmcnb. Borrower shall keep the Property in good rcpair alld shall not commil waste or pertnit impaimlcnt or dt~teriorat.ion of the Property and shall comply with the provisions of any lea'>C if this Decd of Tmst is on a leasehold, If this Deed of Trust is on a unit in a condominium or a planned unit development, Borrower shall rcrfOffi1 all of Borrower's "bligations under the declaration or covenants creating or governing the condlllninium or planned unit development, the by-laws and regulations or the condominium or planned unit development. and constituent documents, 7. Protection of Lender's St'Curity. If Borrower fails to pcrfonn the covenanL.. and agreements cOlltained in this Deed of Trust, or jf any action or proceeding is commenced which materially affect!> Lender's interest ill the ProPl.:rly, then Lender, ct Lender's option, uJXln notice to Borrower. may make such appearances, disburse such sums, including reasonable attorneys' fees, a'"ld take such action as is necessary to protect Lcnder's interest. If Lender required mortgage insurance as a condition of making the loan secured by this Deed of Trust. Borrcwer sh:::lI pay the premiums :equired to maintain such insurence in dfeet until such time as the requirement for such insurance terminates in accordance with Borrower's and Lender's written agreemcnt or applicable Jaw. Any amounts di~oursed by Lender pursuant to this parugraph 7. with interest thereon. at the Note rate. shall become additional indebtedness of Borrower secured by this Deed of Tmst. Unless Borrower and Lender agree to oth.;r terms of paymcnt, such amounts shall he payable UpOIl notice from Lender to Borrower requesting payment thereof. Nothing contained in this pamgraph 7 shall require Lender to incur any expense or take any action hereunder. H, lnspc\.'~ion. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lcnder shall give Eorrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's interest in the Fropcrty. 9. Condemnation. The procecdf,; 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, subject to the Icons of a:1Y mortbagc. deed of trust or other security agreement with a lien which has priority oyer this Deed of Trusl. 10. Borrowcr Not Rcleased; Forbearance By Lender Not it Wail'cr. Extension of the time for payment or modification of amortization or the sums seC'1ru.1 by this Deed of Trust granted by Lendcr to any successor in interest of Borrower shaJI 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 :Jga;nst such successor or refuse to extend time for paymer.t or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand maLIc by tile original Borrower and Borrower's successors in interest. Any forbeanUlcc by Lender in exercising any right or remedy hereunder. or otherwise arfoided by applicable law. shall not be a waiver of or preclude the exercise of any such right or rer.ledy. 11. Successors al,d Assigns Bound; Joint and Scycral Liability; Co-signers. The covenants and agrcemeollS h-::rein contained shall bind, and the right'> hereunder shall inure to. the respective sUCcessors and assigns of Lentkr and Borrower, subject to Ihe provisions of paragmph 16 hereof. All covenant" and agreement... of BomWier she,ll be joint and several. Any Borrower who co-signs this Deed of Trw;t. but docs not execute the l'~()te, (a) is co-signing this Deed of Trust only to grunt and convey that Borrowcr's interest in the Property to Trustee under the terms of this T)eed of Trust, (b) is not personally liable on the Note or undcrtliis Deed of Trust, and (c) agrees that l...::nder and any other Borrower hereunder may agree to extend, modify, forhcar. or ~. -76NrNE) ."0-\ '!'~ ~ \.~i, ~~ CHl (08/05) Pall" 4 01 8 Form 3828