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DocuSign Envelope ID:847BA5A1-CA01-4305-A31D-3C3DABB304E8 <br /> 3. Condemnation Award. Any award for the taking of or damages to all or any part of the <br /> premises or any' interest therein upon the lawful exercise of power of eminent domain shall be <br /> payable to Lender who may apply the sums so received to the portion of the debt hereby secured <br /> last falling due or in such other manner as Lender may desire, subject to applicable law. <br /> 4. Repairs. Borrower will keep the Premises in good order and repair(reasonable wear and <br /> tear excepted) and will not commit or permit any waste or other loss whereby the value of the <br /> Premises might be impaired. <br /> 5. Compliance with Laws. Borrower shall promptly comply with any applicable legal <br /> requirements of the State of North Carolina or other governmental entity,agency or instrumentality <br /> relating to the use or condition of the Premises. <br /> 6. Advancements by Lender. If Borrower shall be in default in the timely payment or <br /> performance of any obligation under the Loan Documents,Lender, at its option, may pay the sums <br /> for which Borrower is obligated. Further, Lender, at its option, may advance, pay or expend such <br /> sums as may be proper and necessary for the protection of the Premises and the maintenance of <br /> this trust, including but not limited to sums to satisfy taxes or other levies, and assessments and/or <br /> liens, to maintain insurance (including title insurance) and to make repairs. Any amounts so <br /> advanced, paid or expended shall be deemed principal advances secured by this Deed of Trust <br /> (even though when added to other advances the sum thereof may exceed the face amount of the <br /> Note), shall bear interest from the time advanced, paid or expended at the rate of ten percent per <br /> year or such higher rate as may be prescribed in the Note, and be secured by this Deed of Trust <br /> and its payment enforced as if it were a part of the original debt. Any sum expended, paid or <br /> advanced under this paragraph shall be at Lender's sole option,shall be due and payable on demand <br /> and shall not constitute a waiver of any default or right arising from the breach by. Borrower or <br /> any covenant or agreement contained in the Loan Documents. <br /> 7. Attorney's Fees. If Borrower shall default in its obligations under the Loan <br /> Documents and in the opinion of Lender it becomes necessary or proper to employ an attorney to <br /> assist in the enforcement or collection of the indebtedness owed by Borrower to Lender, or to <br /> enforce compliance by Borrower with any of the provisions of the Loan Documents,or in the event <br /> Lender or Trustee voluntarily or otherwise shall become a party or parties to any suit or legal <br /> proceeding(including a proceeding conducted under the Bankruptcy Act),then in order to protect <br /> the Premises herein conveyed,to protect the lien of this Deed of Trust,to enforce collection of the <br /> indebtedness owed by. Borrower to Lender, or to enforce compliance by Borrower with any of the <br /> provisions of the Loan Documents, Borrower agrees to pay reasonable attorney's fees and all the <br /> costs that may reasonably be incurred, and such fees and costs, shall be secured by this Deed of <br /> Trust and its payment enforced as if it were a part of the original debt, Borrower shall be liable for <br /> such reasonable attorney's fees and costs whether or not any suit or proceeding is commenced. <br /> Reasonable attorney's fees shall be limited to fees for expenses actually incurred and time actually <br /> spent at standard hourly rates. <br /> 8. Substitute Trustees. Lender shall have the unqualified right to remove Trustee and to <br /> appoint one or more substitute or successor trustees by instruments filed for registration in the <br /> Office of the Register of Deeds where this Deed of Trust is recorded. Any such removal or <br /> 29 <br />