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insurance carrier offers to settle a claim for insurai Lee benefits, the Beneficiary! or its designated agent, is authorized to collect and apply the insurance proceeds at the 13cncficiary's option either to restoration or repair of the Security or to repay the loan, If the Security is rrcdluirod by the Beneficiary, all right, title and interest o f Truster in and to any insurance policy and in and to the proceeds thereof reitilting from darriagc to the Security prior to the sale or acquisition will pass to the Beneficiary to the extent of the sums secured by this Deed (if Trust immediately prior to such sale or acquisition sulijut to the rights o f any senior lender. 7_ Freservution and Maintenance of _Secant , Trastor will keep the Securty in good repair and will not ctammrt waste or permit unpainuent or deterioration of the Security: 8. Protection i f the Benehcraav's Security: If Truster fails to perfu�rn the covenants and agreements caantaincd in this Deed of Trust or if inay action or ptocceding is commenced which materially affects the Beneficiary's interest in the Security; including, but not limited to, default under the Deed of Trust securing, any senior lender, eminent domain, insolvency; code cnforccrncnt, or arrangements or proceedings involv=ing a bankrupt or decedent, theca the Benei ciaary, at the Beneficiary's option; upon notice to Truster, may make such appearances, disburse such scans and take Such action as it deterinines necessary to protect the Beneficiary's interest, including,, but not limited to, disbursement ,o reasonable attorneys' fees and entry upon the Security to rake repairs. Any a mounts disbursed by the Beneficiary pursuant to this paragraph, with interest thereon, will become an indebtedness ofTrustor secured by this Teed of Trust. Unless Truster and the Beneficiary agree to other terms of payment, such aanrount will be payable upon notice from the Beneficiary tai Truster requesting payment thercof, and will bear intere t from the date of disbursement at the rate payable from time to brae on outstanding principal under the City Note unless payinent of interest at such rate would be contrary to applicable law, in which event such amounts will bear interest at the highest rate permissible udder applicable law Nothing contained in this paragraph will require the Beneficiary to insure any expense or tales any action hereunder. 9. Inspection. The Beneficiary may make, or cause to be made, reasonable entries upon and inspections of the 'Security during normal business hours; provided that the Beneftciaryivill give Truster reasonable; notice o f inspection 1f1, Forbearance by the Benefiiciary.Lot a Waiver. Any Forbearance by the Beneficiary in exercising any rita it or remedy will not be a waiver of the exercise of any such right orremedy, The procurement ofinsurniceor the payment ci f taxes, or other liens or charges by the Beneficiary will not be a waiver of the'l3eneficiary's right to accelerate the maturity of the indebtedness secured by this Deed of Trust. t 1. Remedies Cumulative. All remedies provided in this Decd of Trust are distinct and cumulative to any other right or remedy under this Decd ofTrusl or any other 25B -60