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' 98' 1�j2900 by Borrower under paragraph 2 hereof, then to interest payable on the Note, and then w the principal of the Note. 4. Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perform all of Bonower's obligations under any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust,including Borrower's covenants ro make payments when due. Bonower shall pay or cause to be paid all taxes, assessments and other charges, fines and impositions attributable w the Property which may attain a prioriry over this Deed of Trust, and leasehold payments or ground rents, if any. 5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "eatended coverage," and such other hazards as Lender may require and in such amounts and for such periods as Lender may require. The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that such approval shall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a form acceptable to Lender and shall include a standard mortgage clause in favor of and in a form acceptable to Lender. Lender shall have the right ro hold the policies and renewals thereof, 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 loss,Borrower shall give prompt notice to the insurance carrier and Lender. Lender may malce proof of loss if not made prompdy by Bonower. If the Property is abandoned by Borrower, or if Bonower fails to respond to Lender within 30 days from the date notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender is authori�ed ro oollect and apply the insurauce proceeds at Lender's option either W restoration or repair of the Property or to the sums secured by this Deed of Trust. 6. Pre,servation and Maintenance of Property; Leaseholds; Condominiums;Planned Unit Developments. Borrower shall keep the property in good repair and shall not commit waste or permit impairment or deterioration of the Property and shall comply widi the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust is on a unit in a condominium or a planned unit development,Borrower shall perform all of Bonower's obligadons under the declaradon or covenants creating or governing the condominium or planned unit development, the by-laws and regulations of the condominium or planned unit development, and consdtuent documents. 7. Protection of Lender's Security. If Bonower fails to perform the covenants and agreements contained in this Deed of Trust, or if any acrion or proceeding is commenced which materially affects Lender's interest in the Properry, then Lender,at Lender's option,upon notice w Borrower, may make such appearances, disburse such sums, including reasonable attomeys' fees,and talae such action as is necessary to protect Lender's interest. If Lender required mortgage insurance as a condition of making the loan secured by this Deed of Trust, Bonower shall 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 Lender's written agreement or applicable law. Any amounts disbursed by Lender pursuant to this paragraph 7, with interest thereon, at the Note rate, shall become additional indebredness of Borrower secured by this Deed of Trust. Unless Bonower and Lender agree to other terms of payment, such amounts shall be payable upon notice from Lender to Bonower requesting payment thereof. Nothing contained in this paragraph 7 shall require Lender to incur any expense or take any action hereunder. 8. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to L.ender's interest in the Property. 9. 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. 10. Borrower Not Released; 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 Borrower 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 amortizadon of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower and Bonower's successors in interest. Any forbearance by Lender in exercising any right or LaseiDoe(TM)DyOb/phi In/amation Seiencea Cpp. pEq31�.p0g7 Form 3828 Page 3 of 6