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<br /> �� r3ar�owcrp���u ►a�onowcr is la�Vfully scizcd of thc estu.tc heecby convoye�and lu��►lto d};ht to�runt nnd • �
<br /> convay tlie Property,tu►d that the Proparty is unencumbered, exeep�for encum4rnnecs uf record. Horro�xcr covenanls thnt
<br /> Bonower wnrrants und will defcnd genernlly tlis uUe ro the Property agninst ull clnims ond dcmnnde, subjcct to
<br /> encumbrances of record.
<br /> UMHORM COV�NANTS. Dmrro�vcr nnd Lcndcr covcnnnt nnd agrco ne follotivs: �
<br /> l. Prsy�fnt ot PWncipx� wnd Intereat. Sorcowcr shall pmmpdy pay wlien due the princlra:tl .uid intem:t
<br /> indebtedness evidemoed by tlee Noto and lAto cbnrges and other chgrges us providcd in tho Nate. �•
<br /> . '"'`.� ? 2. P�yment ot Tuee. Subject to applicable law or¢wriucn waiver by Lender, Borro�ver ahall pay tnxes und
<br /> assessmenta(includinB condonuniwm end pla�med unit developmcnt nssessments,if tu►y)which mny nttain prlorlty ovGr this ,
<br /> Deed of Tn�st,and ground rents on tlio Property,if any. •
<br /> r.
<br /> r 3. Ap�plicxdon ot PAymcuta. Ualess applicable law providcs othcnvise,nll paynients m.ceived by Lcnder under j���
<br /> � _ � the Note and paragraphs 1 and Z hcreof sh�ll be applicd by Lcnder first in payment of emounts payablc to Lenricr by =-__
<br /> Borrower und�e��ragraph 2 hereof, thcn to intcrest payable on;he Note.and then to thc principal of thc Note. ____
<br /> -.. -.----''-� 4. F�:cr&:�:gags�and B2ede o;Tr-.ist;Ct��'e:,�:��,.:. L•,•:�=-:��'��II MTFf1►T AII(lf I;ATCOWCI�S WLKSLIOAS L—_-
<br /> `? under suy mortgage,de�d of trust or other se�urlry agreement with a lica which has priority over tLis Dced of Tnist, ` _
<br /> � including Borrower's coveaants to make payiaents when due. Fioaower slwll pay or cause to be p��ica,prior to delinquency, �.__
<br /> • � all taxes,assessuients and other chargcs,fines and imposiUons attribut�,ble to t4e Propertv which may attain a pdority over
<br /> , I� this Deed of'IYust,and leas:.hold payments or ground rents,if any. ��
<br /> r.
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<br /> .� S. Haizard Insurance. Borrower shall kcep the improvcments now existiug or hereaftcr erected on the Property -_
<br /> . insured agai�est�oss by fue,hazards included within the term'extendecl coverage",and such atlicr hazards as Lender may
<br /> require and i�a such amounts and for s�ich perlods as Lender may roquire. _���"
<br /> The insurance �r�rier providing the Insurance shall be chosen by Bonower subject ta approvul by Lender, ��__.
<br />_ t' pmvided,that such approval shnll not be uareasonably withheld. All insarance policies and renawals thereof shall be in a �,',.;"
<br /> form acceptable to Lender�d sha.0 include a stecdard mortgage clause ia favor o�'and ia a form acxeptabla to Lender, _
<br /> �- r p r c�i 1)h�y�tl�tt rlahr t�hold the�olicies and renewals thereof,subject to the tera�s of any mortgage.decd of trust or _
<br /> �' other securlty�►greement with a lien vrhich has priorisy ovcr this Doetl oF Trust. :,,,
<br /> �' In the event of los�,Horro�r�er al�all give pmmpt aotia:to the iasurance carrier tuid I.ender. I.ender may maks -
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<br /> ' proof of loss if not madc prompdy by Borrower. �`:���"-
<br /> , If the Property is abundoaed by Borrower,or if Borrower fails to respond tm Lender within 30 daye from the date
<br /> � notice is maiIled by Lender to Borro�+�er that We insivance c�rier offers to sedle a claim far insuaance benefits. Lend�r is
<br />_'�'' . " authorfzed ro coUect aad apply the insurance prooeecls at l,ender's opdon either to restoration or repair of the Property or to
<br /> -" ''" t�e snms secun�d by this Deed of Trust.
<br /> { 6. Ereservatiop und IVlatntenanc.e of Property; I.e�seholds; Condom[niums; Planned Unit
<br /> - � Develapments. Borrower shall keep Etie Property in good repair end shall aot oommit wastc or permit impairmant or
<br />_�z`;:.��• � �� deterioratiea of the Property and shall comply with the pmvisions of any lease if this Dce�l of Tiwt is on a leasehold. If this
<br /> •��`�`'��'�':' Deed of Tcust is on a unit in a oondominium or a planned unit development, Horrower shall perform all of Bomower's
<br /> '"Y"� '�``-: obligations under the declaration or covenazits creating or goveming the condominium or planned unit develapment,the by-
<br /> =r:�'it ,,_�:
<br /> -=-�`�°��� � laws and regula�ons of the condomininm or planued unit developmenY,and canstituent documents.
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<br /> -'--r�� •. ' ;•-. 7. �otecdon of Lend�r'e Soc�r[ty. Ig'Borrower fails to pedorm th�oovenants and agreements oontained in
<br /> --����-• this Deed of Trust.or if any action or proceeding is wmmenced which materially affects Lender's interest in the Property,
<br /> ~� � 23�en Lender, at Lender's option, upon notice to�onower, may mak� such appearanoes, disburse such s�m5. includi�g -
<br /> - ' ':�;�,
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<br /> .�.�_�•• •-• reasonable attomeys'fees,And take such action as is necessary to protect Lender's interest. If Lender reqnired mortgage �
<br /> ;•h�'�`�''"-:� insurana is a wndition of makins the loan sec,wrod by Wis Decd of Tnut, Barrower shall pay the pnmiums requircd to
<br /> ""`"""'" mlintaia such insuiance in effect untiL such time as the requirement for such ins�uanoe is terminated in ar,cardance wIW =
<br /> ""'r Borrower's and I.ender's writtcn a�roement or applicable law. �
<br /> �'',•!'•► �: � pny aaiounts dlsbuiscd by Lcnder pnisoamt to this paragraph 7, with interest thereoq at the Note rate, s6all
<br /> bccome additional indebtedness of Borrower securecl by this Deed of'riust. Unless Borrower and Lender a�r2e to other �'�',
<br /> '•�� tcrms of payment, such amounts shall be payable upon nodce from Lender to Aarmwer requestinng paym�t theraof. -=_-
<br /> � �1 NoWing wntaii►ed in tt►Is paragraph 7 shnll require I.end�r to incur any expense or take any action horeunder. __-
<br /> � 8. Inepection. Lender may makc or caus:to be mede masonable cntnies upon and inspoctions of tta�Properiy,
<br />, � provided thnt Lender shall�ave Honower notice prior ta any svch inspextion spec�'ying masonable cauce thereiv�r reiated ro
<br />— , i Lcnder's interest in thc Progerty. .;'
<br /> :�.
<br />- � 9. Covdemnadoa. The procseds of any award or ciaim 4'or damages,direct or oonsequoatial,in oonnection with � ;
<br /> � any condemnadon or other takin� of tho Pmperty, or part thcceof,or for oonveyance in lieu of oondomnation, arc hercby �
<br /> e�e:..k..�o.�a �hsit tti,n�iA tn iriulcr. mbi�to the riuLts of the h�1dCr of atri/mortgagC, deal of uust or other securiry •
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<br /> ag�cmcnt�vitl►a licn which h�s priority over this Decd�of Tnist.
<br /> � , � � 10. Bormwxr No!Rcleaxd;Forbearaaee By Lender Not a Wdver. Extension of thu time for paymcnt or
<br /> • mcdificaqon of amortizadon of the sums secured by this Dced of Trvst granted by Lender t�any sucoe5sor in intec+est of
<br /> Borrowcr shall nat operate to release, or othcnvise a�ect in any rnann�s, die liability of the originnl Barrotivcr and
<br />— Borrower's sucoe�su�s in interest. Lcnder shall not be roquicrd to commence procaxiings against such successor er refi�se to
<br /> extend dme for payment or othenvise malify amortuation of thc sums secured by ttus Decd of Trust by rcason of any
<br /> demnnd made by die original Horran•er and Borrotive�s suocessors in intercst. Any forbear�ance by Lender in exercising any
<br /> � right or rc�ttedy Itereunder,nr othernise afforded Uy applicable la�v,shall not be a�vaiver of or preclude tho exerctse Qf any
<br /> • such right or remedy.
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<br /> ; Form#739 NE (l0/9G) Pagc Z of 5 � �
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