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Bk Vol F`s <br />80025567 OPR 3471 302 <br />obey all laws, ordinances, and restrictive covenants applicable to the Property; <br />keep any buildings occupied as required by the insurance policy; and <br />9. if the lien of this deed of trust is not a first lien, pay or cause to be paid all prior lien notes <br />and abide by or cause to be abided by all prior lien instruments. <br />B. Lender's Rights <br />1. Lender may appoint in writing a substitute trustee, succeeding to all rights and <br />responsibilities of Trustee. <br />2. If the proceeds of the Note are used to pay any debt secured by prior liens, Lender is <br />subrogated to all the rights and liens of the holders of any debt so paid. <br />3. Lender may apply any proceeds received under the insurance policy either to reduce the <br />Note or to repair or replace damaged or destroyed improvements covered by the policy. If the <br />Property is Grantor's primary residence and Lender reasonably determines that repairs to the <br />improvements are economically feasible, Lender will make the insurance proceeds available to <br />Grantor for repairs. <br />4. Notwithstanding note tenns to the contrary, and unless applicable law prohibits, all <br />payments received by Lender from Grantor under the Note or this deed of trust may, at Lender's <br />discretion, be applied first to amounts payable under this deed of trust and then to amounts due <br />and payable to Lender under the Note, to be applied to late charges, principal, or interest in the <br />order Lender in its discretion determines. <br />5. If Grantor fails to perform any of Grantor's obligations, Lender may perform those <br />obligations and be reimbursed by Grantor on demand for any amounts so paid, including <br />attorney's fees, plus interest on those amounts from the dates of payment at the rate stated in the <br />Note for matured, unpaid amounts. The amount to be reimbursed will be secured by this deed of <br />trust. <br />6. If there is a default on the Note or if Grantor fails to perform any of Grantor's obligations <br />and the default continues after any required notice of the default and the time allowed to cure, <br />Lender may- <br />a. declare the unpaid principal balance and earned interest on the Note immediately <br />due; <br />b, direct Trustee to foreclose this lien, in which case Lender or Lender's agent will <br />cause notice of the foreclosure sale to be given as provided by the Texas Property Code as <br />then in effect; and <br />C. purchase the Property at any foreclosure sale by offering the highest bid and then