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<br /> f�ono��er covenant�eliat�ormwer ie lc►wAilly scized of tlie estate liersby convcyed and hus thc ei�ln to�ru►t aiid
<br /> � convcy tlic Pco�eety,t�r1.d that U�e Pro{icny is unencumbcral,except for encumbrances of recard. Borrower cavenants that
<br /> i�orrow�r warrnnta �� tivill dcfcnd bcncrally flie Ude ta thc Property nguinst all cluims and demnnds, subject to
<br /> ,o cncumbmnccs of rccor�.
<br /> UNif QRM C4.�VeNANTS. Borrowcr gnd Lcnder covenant and asrcc as follows:
<br /> I 1. Payment ot Princ(pal aed leterer� �orrowcr slwll prompdy pay whcn duc thc pnnc:ipal and intcrest
<br /> indcbtedncss evidenced by the Note and Inte chnrges nnd other chtuQcs as provided in the Nate.
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<br /> 2. Payaien4 c�t Taaea 5ubje�t to nhplicable Inw or A wrlttca waiver by Lend�er, Boaowcr shall pay taxes and �
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<br /> Iesscssmcnta(includ]nB condomini��nt and plunned unit dcvclopmcnt assessmcnts,if any)which inay atkun priority over thfs
<br /> I Decd of Trurt,r�nd�mr.�nd rents on thc Property,if uny.
<br /> , 3. Al�nlicgQEcnn ot Pnyntents. Unless applicable law provides othenvise,a11 Pa3'ments receivbd by Lender under '���',
<br /> - tlie N�te:snd p��►,mghs 1 and 2 heneof shall bc applied by Lcnder first in payment of amounts payable to Lcnder by �;;�
<br /> ' � � Honowcr under P�ra�aph 2�ereQf,dten to intcrest payable on the Notc,and then to the principal of the Note. ��i-^�� �
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<br /> , �� ti. Prior�'Imrtgagc9 pnd Deede of T�uat;Chargee; Lieas. Horrower shall perfor�a all of Borrower's obllgation� =T
<br /> under any mari�ge, ��1e�t1 of tmst nr othar sxudty agreement e�ith u lien which has priority over this Deed of Trust, � -_
<br /> i nc lu d i ng Borraz�rer's�venunts to make pa y ments whea due. Bonrower shall�.�y or cause to be paid,preo.r to delinquency, ��n�:
<br /> '` �� al!taxes,a�,e,;;ment�and othcr charges,fincs and imposttions attributable to tYie Property�vl�ich may attain a priorlty over
<br /> • ' dde Deed of Trust,an.d leaschotd payments or grauctd rents,if any. �
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<br /> � ;,� � �, �iazard IInsurance. Horroi�•er shall k�ep the impmvements no�v eaasting or hemafter erected an We Praperiy !:��;
<br /> �, insured e�nst lo.ss fo�+fire, t�azards included within the temi"extended covenge",and such other hazar�s�s Lender may -i
<br /> � require nnr!in such:�monnts and for such perIods as Lendei may require• L,�__
<br /> Tue insvrance carrier pmviding tha insurance shall be chosen by Borrower subject to appraval by Leeicder, �,�^�•�
<br /> pmvldr,d,that such appmval shaU not be unreasonably witLheld All insurance policies and reaewals thereof shall be in a _._
<br /> � . foru�rscceptabie to Lender and shaU include a standard mortgage clause ia favor of and in a fArm acceptable to Lender. _
<br /> � � L,cu�u:�eY,nZ2�n�o:�«a�.'�i�:.�0:3�Se plfcie�s�sl r^�WaL�er�nf �„h;eca cm ai►e terms of sny mortgage,deed of tcust or
<br /> ' l� otl�r.r security ogreement witb n lien which has priority over this Deed of TruSc.
<br /> � � �'• In We event of loss.Bormwer shall pve prompt notice to the�n�,*�nce c�rrier�s+d Lender. I.ender snay m�ke
<br /> . , �` �roof of loss if not made promptly 6y Horrower.
<br /> - , I f W e Pto p e rt y ie abandoned b y Horrower,or if Bomower fails to respond to I.ender within 30 days fram tlte date
<br /> nofloe is mailat try Lendcr to Borrower Wat the insurance carrier oSers to settle a claim for insvrance b ene f its, L en der is
<br />_ authorized to oolle�t and apply the insuraace prooeeds at Lender's opdon either to resKoration or repair o���e Praperty or to
<br /> � . tlie sums secured by this Deed of Tiust.
<br /> 6. Prcaervat[oa and Maintenance o�' Property; Leasseholds; Condo�fniume; Pl�nued Unit
<br />�• �� lkvelapmenta. Borrdwer shall ke�p thc Pmperty in good repair and sLall not oommit waste or permit impaimient or
<br /> ''����f'�' • • �� deterloration of the Prdperiy and shall comply witi�the provlsions of any lease if this Dced o1F Tn�st is on a leasthold. If this
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<br /> Deed of Tcust is on a unit in a condominium or a planned unit development, Borrov�er shall perfornt a11 of Horrowe s
<br /> � �f��� obllgations under the declnradon or covenants creating or governing the oondominium or plannesl unit development,th�by-
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<br /> �:;<<,Jr` •`' �,,,T laws and regulations of the condonilnium or plannedi unit development,and oonstituent documents.
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<br /> --•�'4•`� 7. Prote�+ion ot I.ender's Security. If ftorrower fails to pedorm the covenants and agreer+3ents contained it►
<br /> � �'•'";��5� � � tLis Deed of Tnut,or if any action or proceeding is oommenced wtrich materially affects Lender's inierESt in the Pcoperiy, _
<br /> -_ .,,,, .,•; �.
<br /> -��,,.Y�;�:,;;.`� _ ' Wen I.cndcr,at Lendcr's option. upon notice to Aorrower, may make such appearances, dfsburse such swns, includiag
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<br /> `-�. ���.�•: reasonnble attomeys fees,and tal,e such action as is necessary to pmtect Lende�'s interr.si. If Lender r ' moctgage
<br /> :>-;�••r»-. E inauanee is a condition of making ti�e loan sec�ued by tBis Dc�d of Trust,Borrower shall psty the piemiums t+ecluired to —
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<br /> :;,;:,, . maintain such ins►u�nce in effect until sucl�ts.�ne as the requirement for such����*s+nce is terminattcl an accordauce wl
<br /> ' �`���• Borrower's:ind Lencier's�vrittcn agreement or applicable law.
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<br /> .:�:,:,,•:::�; A�y amounts disburse� by Lcndcr pursuant to this paragraph 7, with intesest 8�eieon, at the Note rate, sh��ll
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<br /> � bocomc additional indebtcdness of Bomowcr sccured by this Deed of Trust. Unless Bo�a�oa�r and Lender agree to o r
<br /> • � tcana of payment, such amounts shall be payablc upon norice fram Lender to Bornow�er requestimg payment thereof. __
<br /> � Nothing containet�in this paragraph 7 shall requir�I.ender to incur any expense or take any action heres�der.
<br /> ;'�; { 8. Lnepectfon. Lender may make oa cause to be made reasonable entries upon flnd inspections of the Property, __
<br /> '��` ` pmvic��ri tbat Le.nder sl�all give Borrower notice prior to any such inspection�pecifying re��sottable cause therefor related to -
<br /> Lender's interest in the Properiy.
<br /> i. 9. Condemnatlon. The p►�occeds of�y award or claim for damagrs,direct or oonsequential,in oonnection with
<br /> ' - �_1 any condemnatlon or other tala�E of the Property,or part thereof, or for comeyauce in lieu of condemnation, are hereby
<br /> — __� _i_»�---:i ._r Ya�.. ...s.i...� �..�l,n.:ohfe nf thn hnldrr nf anv mnrtea¢e deed of trUSt oi UthCt SCCIlY11Y
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<br /> �. agrecment wiW a lien wirich has priority ovcr this Deed of Tn�st.
<br /> � 10. Borrower Not Itelea.xd; Forbearance By I.�nder Not u Waiver. Extension of the time for payment or
<br /> modification of amortizauon of the sums secured by this Deal of Tn�st granted by I.ender to any suc�.sor in interest of
<br /> Bono�ver shall not oN,ratc to releasc, or othcrwisc affecc in any manner, the liability of the original Barro�vcr and
<br /> • Borrower's suooessors in intcrost. Lender shall not be rcquimd to commence proa�dings against such sucocssor or rcfuse to
<br /> ' cxten.d time for paymcnt or othenvisc modify a�norti7ation of thc sums secured by this Deed of Tcust by rcason of any
<br /> • .. demand made by the original Horro�ver and Borro�ver's sucoessors in intemsc. Any forbearance by Lender in exercising any
<br /> right or r�eme�fy hereunder.or othenvise:�'ardal try applicable taw,shall not be a waiver of or preclude the exercise of any
<br /> • sucli rigl►t or remedy.
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<br /> - ` 1 Form#739 NE (10/9G) Pagc 2 of 5
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