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wo��.o��s9 6. Protection of Lender's Securlty. If Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if any action or there is a legal proceeding is commenced which materially affecfs Lender's interest in the Propetty (such as a proceeding in bankruptcy, probate, for condemnation, or to enforce laws or regulations), then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's right in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Deed of Trust, appearing in court, paying reasonable attomey's fees, and entering on the Property to make repairs. Although Lender may take action under this paragraph 6, Lender does ,not have to do so. Any amounts disbursed by Lender ��le��h�s -pa�a'graph 6 shall become additional debt of Sorrower secured by this Deed of Trust. Unless +Bbrrli'wer and Lender agree to other terms of payment, these amounts shall bear interest from the date of disbursement at the highest rate permissible under applicable law, and shall be payable, with interest, upon notice ftom Lender to Bo�rower requesting payment. 7. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Prope►ty. Lender shall give Borrower notice at the time of or prior to any inspection specifying reasonable cause for the inspection. 8. Condemnation. The proceeds 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 terms of any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust. In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender othervvise agree in writing, the sums secured by this Deed of Trust sha(( be reduced by the art�ount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured by this Deed of Trust immediately before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemner offers to make an award or settle a claim fo� damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender i5 authorized to collect and apply the proceeds, at its option, either to restoration or repair of to the sums secured by this Deed of Trust, whether or not then due. ...�� ;'`` , Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the payments referred to in paragraph 1 hereof or change the amount of such payments. 9. Borrower Not Releas�d; Forbearance by Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust granted by Lender to any successor in interest of BoROwer shall 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 against such successor or� refuse to extend time for payment or otherwise modify amortization of the sums secured by this � Deed of Trust by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy hereunder or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. 10. Successors and Assigns Bound; Joint and Several Liability: Co-Signers. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17 hereof. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Deed of Trust, but does not execute the Note: (a) is casigning this Deed of Trust only to mortgage, grant and NE Entry CostAsslstance Loan Deed of Trust 2200140865 Page 4 ot 8 0204 (ECAMNE) ;, r r ��". 4` �� 1 ; ;�i.., . ,� - �