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2o�oos4�i <br />6. Protec#ion of Lender"s Security. If Borrower fails to perfarm tha covenants and agreements <br />contained in this Deed of Trust, or if any action or there is a legal proceeding is commenced which <br />materially affects Lender's interest in the Properly (such as a proceeding in bankruptcy, probate, for <br />condemnation, or to enforce laws or regulatians), then l.ender may do and pay for whatever is necassary <br />to protect the value of the Property and Lender's right in the Property. Lender's actions may include <br />paying any sums secured by a lien which has priority over this Deed of Trust, appearing in court, paying <br />reasonable attorney's fees, and entering on the Property to make repairs. Although �.ender may take <br />actian under this paragraph 6, �.ender does not have to da so. <br />Any amounts disbursed by Lender under this paragraph 6 shall become additional debt of Borrower <br />secured by this Deed of Trust. Unless Borrawer and Lender agree to other terms of payment, th�se <br />amounts shall bear interest from the date of disbursement at the highest rate permissible under <br />applicable law, and shall be payable, with interest, upon notice from Lender t� Borrower requesting <br />payment. <br />7. Inspection. Lender may make ar cause ta be made reasonable entries upon and inspections of <br />the Property. Lender shall give Borrower nntice at the time of or prior to any inspection specifying <br />reasonable cause for the inspection. <br />S. Condemnatton. The proceeds of any award or claim for damages, direct or consequential, in <br />cannection with any condemnati�n or other taking of the Property, or part theraof, or for conveyance in <br />lieu of condemnation, are hereby assigned and shall be paid to Lender subject to the terms af any <br />mortgage, deed of trust or other security agreemant with a lien which has priority over this Deed of Trust. <br />In the event of a tatal taking of the Property, the proceeds shall be applied to the sums secured by <br />this Deed of Trust, whether or not then due, with any excess paid to Borrower. In the event of a partial <br />taking of the Property, unless Borrower and Lender otherwise agree in writing, the sums secured by this <br />Deed of Trust shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) <br />tha total amount of the sums secured by this Deed of Trust immediately before the taking, divided by (b) <br />the fair market value af the Properly immediately before the taking. Any balance shall be paid to <br />Borrower. <br />If the Prnperty is abandoned by B�rrower, or if, after notice by Lender to Borrower that the condemner <br />offers to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 <br />days after the d�te the notice is given, Lender is au#horized to collect and apply the proceeds, at its <br />optinn, either to restoration or repair of #he Property or to the sums secured by this Deed af Trust, <br />whether or not then due. <br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal <br />shall not extend ar postpone the due date of the payments referred to in paragraph 1 hereaf or change <br />the amaunt af such payments. <br />9. Borrower Not Releasad; Forbearanca by Lender Nat a Waiver. Extension of the time far <br />payment or m�dificati�n of amartization of the sums secured by this Deed of Trust granted by �.ender to <br />any successc�r in interest of B�rrower shall nat operate to release, in any manner, the liability of the <br />�riginal Borrower and Borrower's successors in interest. Lender shall not ba required to commence <br />proceedings against such successor or refusa to extend time for payment or otherwise modify <br />amortization of the sums secured by this Deed of Trust by reason of any demand made by the original <br />Borrower or Borrower's successors in interest. Any farbearance by Lender in exercising any right or <br />remedy hereunder or otherwise afFarded by applicable law, shall not be a waiver af or preclude the <br />exercise of any such right or remedy. <br />10. Successors and Assigns Bound; Joint and Several Liabillty: C�-Slgners. The covenants <br />and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective <br />successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17 hereof. <br />Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this beed <br />of Trust, but does not execute the Note: (a) is co-signing this Deed �f Trust only to mortgage, grant and <br />NE Entry CostAsslstancs Loan Ueed of Trust 2200068228 Page 4 of 8 <br />02tl4 (ECAMNE) <br />