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hereof. 7. Prefte0se of Lender's Security. If Borrower faits to perform the covenants and agreements contained in this Dad of Trust, or if any action or proceeding is commenced which materially affects Lender's interest in the Property, including, but not limited to, eminent domain, insolvency, code enforcement, or arrangements or proceedings involving a bankrupt or decedent, then Lender at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums and take such action as is necessary to protect Lender's interest. including. but not limited to, disbursement of reasonable attorney's few and entry upon the Property to make repairs. If Lender required mortgage insurance as a cottdition of making the Wan secured by this Dad of Trust, Borrower stud pay the premiums required to maintain such insurance in effect until such time as the requirement for such insurance terminates in accordance with Borrower's and Leader's written agreement or applicable law. Borrower stall pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof. Any amounts disbursed by Lender pursuant to this paragraph 7, with interest therm, shahl become additional indebtedness of Borrower secured by this teed of Trust. Unless Borrower and Lemma agree to other terms of payment, such amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bow interest Fran the date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of interest at such rate would be contrary to applicable law, in which event such amounts *a bear ' interest, at the highest rate perrinssittk under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any experaw or take any acuoll hereunder. C Inspeciles. Leader may teake or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shalt gist Morrower notice priors to any such inspection specifying reasonable cause therefor related to teen! is interest in the Property_ 9, Cendeassafte. The promda of any award or chum for damages, direct or consequential. in connection with any Londemnation ot9 t Meat taking of the Properly, or put thereof, or for conveyance in lieu of condemnation. ate hereby assigned and shall be paid to I.endes. in a w c smear ()(A tarsal taking of the Property, the prmeedsttall be applied to thc sums senurrd by this VkW of Truro, with the moos, if ant. paid to ItorTorwer _ In the event of a partial taking of that Pray, unl.ss ttcntowo and !.cruder othcs%ise agtee in writing, time shat! be &Miird see OW "Mu W"'Ursd by thkA Llmd oaf Trust a h twepartrora of the h?rnccc,4e wt " Ncaal to that ttrofxertwn which ate. anucaeant of ttte rearm s.'ser.d