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200807950 insurance contracts, solvency of insurance companies, or payment or defense of lawsuits, and Borrower hereby expressly assumes full responsibility therefor and all liability, if any, with respect thereto. Such policy or policies shall not be cancelled or modified without a thirty (30)-day notice to Lender. 5. Escrows. Borrower, upon request of Lender, shall pay in the manner set forth in the Deed of Trust given to secure the Promissory Note, monthly advance payments estimated by the Lender to be sufficient to anticipate the payment of taxes, assessments and insurance as detennined to be necessary by Lender, and agrees further that such advances may be held by Lender and commingled with the Lender's own funds and other funds and, further, that Lender shall not be liable for interest on such funds. Without waiving Lender's rights of future enforcement of this escrow provision, Lender will initially allow Borrower to pay all real estate taxes, insurance premiums and special assessment. This waiver shall remain in effect as long as: A. There is no default under the Note or this Deed of Trust or any other document securing said Note; B. Evidence is provided, as required, to Lender that the insurance premiums, real estate taxes and special assessments are paid when due. 6. Maintenance. Repairs and Com\'lliance with Laws. Borrower shall keep the Property in good condition and repair; shall promptly repair, or replace any improvements which may be damaged or destroyed; shall not commit or permit any waste or deterioration of the Property; shall not remove, demolish, or substantially alter any of the improvements 011 the Property; shall not commit, suffer or permit any acUo be done in or upon the Property in violation of any law, ordinance or regulation; and shall pay and promptly discharge at Borrower's cost and expense all liens, encumbrances and charges levied, imposed and assessed against the Property or any part thereot'; 7. Eminent Domain. If all or a portion of the Property is taken or damaged by reason of any public improvement or condemnation proceeding, or in any other manner including deed in lieu of Condemnation ("Condenmation"), or should Borrower receive any notice or other information regarding such proceeding, Borrower shall give prompt written notice to Lender. Lender shall be entitled to all compensation, awards, and other payments. Lender shall be entitled, at his option, to commence, appear in and prosecllte in his own Hame any action or proceedings. Lender shall also be entitled to make any compromise or settlement in connection with slIch taking or damage. 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 payments referred to in the Note and under this Deed of Trust, or change the amount of such payments. If the proceeds payoff all sums due and owing, the excess shall be paid to the Borrower. Page 3 of 12