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<br /> �:c.�'°'� COVENANTB ""�
<br /> : ,
<br /> "`�'���.:r�'l'� ' �, p�yrnw�b, BorrowK �N� ta m�k� �N Q�ymmt� on th� s�cund d�bt wMn rlw. Unl�w Borrowu mq land�r �9m* ottmrwi��, .ny ==-
<br />� `�b��� p�yment� i.�nd�r ncNvu trom Borrow�r or}0► I�OffOW�l�� �7�i111T11 WIII W�►iViiiu' 1(ti�ta �Ily Rt}evvdi+ ^«t7«tC�t f!N!!! pR�1� ••nwwA�twM '--_---
<br /> �"�. ;� not1reduce or�xcw��V1schiduNd paYrtNnt unt I t���iur�d d bt i p�Ild In fuJ�I n�����yment of th��er.und d�bt occura tnr nny rnnFOn, it wlll �
<br /> .. �� 2.CINm�Ayrnd TttN.Boirow�r wlll p�y�II t�xe�,e�����mmu. md othu ch�rpu�ttrllnn�b��ta th�propNrty whnr�du�nml wi;j defxnd tltl� �
<br /> to the prop�rtY ep�imt}ny cldrm whlCh would Impdr th�Il�n of thl�d��d of tru�t.L�nd�r m�y��qu�rs Bnrrowu tn e��lqn �ny ti�)hie.cl�lm�oi
<br /> dsf�me�whlch 8ar►ov�Ar m�V tww�pdn�t putln who tupP�V����or m�tHl�l�to Improv�rn mMlnt�ln th�tKOP���Y•
<br /> • � �?� 3.Insw�e�c�.BorrowK wlil ko�p tM prop�rty In�und und�r t��m��cr�pt�M�tn L�nd�r �t Qorrow�r'� �Kp�n�• �nd lor l.�ncls�4'e b�n�}It. All ���-
<br /> ;4,� In�urana pollcl���hall Includ���t�nd�rd mortp�p�clsu��In f+var of L�nde. L�nd�r wlll bM nAm�d��lo��p�y��or��th�Ina�rn�1 opn my�uch -
<br /> or to the securid dibtl It L�nd�iqu�rir�n o�iQppe Pn�u�ai�cc��DorioL�o�eprc�oa7ta�melntn�n�c�chhne�n oe����ee�anO�N�L�ndnrhro�ultii r��rty
<br /> �
<br />- 'T ti:•:,:.." 4.Propwty.Borrower wfll kesp th�prop�rty In paatl condltlon�nd mtk��11 npaln ru�onabiy nac�n�ty. �
<br /> �� B,ExpM►s��.Borrow�r aqn��to p�y all L�nd�r'a expeme� Includinp res�an�bte�ttorney�'f���,If Barrow�r brrtaks�ny covenentu In thls dnd
<br /> . of tru�t or in�ny obllp�tian ucund by thi�dssd of truit.�orrowsr wlll pay th�u�mount�to I.�nder u providod In Cov�n�nt B o1 lltils de�tl of
<br />= k trust.
<br /> - . •''� �� 8.P�ia S�awitv N�t�n�t�.Unlsa Borrowsr first obtdm Lender's written consent, Borrowsr wlll not mak�or t�nrmit eny chnnpno to�ny �rlor !
<br /> eecurlty interes��, Borrow�r wfll p�rform �II of Borrower'a o6lipatlono under eny prlor mort9aye, deed of tru+�t or other eacurltV ayreament,
<br /> � � Includinp Borrowe'a wvenents to make payments when dua.
<br /> ,`,.�.�.,:� 7,q� ot Rsnts�nd Profiq.Borrower asslpns to Lender the renta�nci pro4itt of the property.Unlor�Barrower and Lsntlt,r tmve npresd
<br /> otherwae in writing,Borrowe� m�y coliaat and retdn the rents a�(onp u Borrowsr ii not In defsult. If Bon•awer defnulte, L�sndor, Lender'4
<br /> ' � • apent,or a caurt sppointed roceivsr may t�ke poitsssion and manepe the propsrty snd cofleat the rent�. An/rents Lendor calSuate�hall be
<br /> ' � �` appliad fir�t to the coari of mampinp the property, includinp c�urt cost��nd ettorneys' fesi, commisslona to rentel sgentri, and any othor _
<br /> ' "'' • necessary releted expen:es.The rsmaining�mount of rents wi�l then apply to paymenta on the ascured dabt u provided In Covonent 1.
<br /> � ,. ''�
<br /> -� .•' %� g,L�af�holdr CaWon�iniums;pMwNd Unk D�v�loptn�ttb.Borrower agree�to com ly with the provialon�of�m�leese if thls dpad of trust i�on
<br />,�'�+;�•��� a laasahotd,I�thit deed of trust i�on a unit in a condominium or� pl�nn�d unit Sev�lopment,Borrower wiil�nr(orm e1i ot eorrnvrer'�duths
<br /> �,:, ��,.��, ; under tha tavan��ts,by-liwb or repulaUorse of the condominlum Qr pl�n�sd u�(t dev�lopment. ___
<br />- -=s:.:k�.:rti 9.AuMio►ity of LwxMr to P�rfonn tot donow�r.If Borrowsr falls tope rform eny of Borrower's dutle� under thle deed of truct,lender m�y
<br />-�>•�,+;:;. perform the dutks or cau�s them to M performed.L�nder m�y si9n 9orrower'�nem�or pay sny�mount if nncs��W far perfannnnc�. If anY
<br /> � conetnictfon on the property is di�co�tlnued or not cerr ie d on In a rea�ona b b m a n n e r,L e n d e r m a y d o whetever�s nece�sary ta pniasot Under'�
<br />_";•,�',��;:. �ecurfly irrterest In tha property.Thls may Inciude completlnp ths constructlon.
<br />_�+;wr,`,..,;?
<br /> �� r ;,:. Lender's failure to pertorm wlfl not preclu�io Lender from exercldnp eny of It�other rlpht�under the I�w or thl�dsed of tnitt.
<br />�'=•"`�r`�r�� Any amounts dd by lender to protect l.endnr's tscurlty Interest will be�ecured by thlc deed ot truat. Such nmounto witl b� duo on demend
<br /> ��'n' ' � and wlll beK intere�t hom the dnte ot the peyment untll pald fn full at ths Interest rate In affeat on tha tecurod ciebt.
<br />�tn+..
<br />'"°'�"'• 10. DMwk�nd Aealerxdon. Ii Barrower fafls to make �ny payment when dua or breaks any coven�ntd under thlm dead oi traat or my
<br /> :�.. 1'r�r
<br />"w"' ' obll etbn ��cured b thia deed of trust or�ny prlor morty�Qe or deed of tru�t, Lender m� sccelerate the mnturity of the seound debt a
<br /> a�r:. � 9 y
<br />_��y_���:• demand lmmedl�te p�ymant end mey Invoke the pawer of sele ancl enV otMr rem�dl�t permi sd by spplic�ble law.
<br />�iui+ 11. R�quut ta Notic�of Qatadt.It la heroby requssted that coplca of the nottc�s of default end sele be�ent to eaofl pemon who Ie e puty
<br /> �,-y,t�:-�'; ' Mreto,at the�ddroat ot eech such pnreon,as set forth heroln.
<br /> ..;,��,�::''
<br />���"� 12. powar of 511�.If tha 4ender Invokes tM power of sale,the Tru�tse th�ll lirst ncord In the offla of tM repieteT ai oflauu oi nec��caL�:.i
<br /> �'� wheraln tM uust propertyr or some part or parCel thereoT is eftuatad e notla of deisuk contalnlnp the Information raquk•ed bx tuw.The Tru�tee
<br />-�..rasa s7y�a. aAatl alao m�il coples of the notice of Obtiuft to the Borrow�r,to esch p�rson who Is s party heroto, end to other perronr r.ia prescrib�d by
<br /> - sppflcable I�w.Not kss than orN month�fter th� Trwteo records the notia of default or two month� it tha trutt prapflrc:V la not In �ny
<br /> -___:=� Incorporut�d clry or vlllaqs�nd I�used in tuminp operatlons arrled on by ths trustor,the frusts��hall plw publlc natic�of ta�u to th�perwns
<br /> �nd 1�the manner pnscribed bY��pppllc�bN lew.Trustn, wlthout dsmand on Botrowsr,shall s�ll the property�t publla euatlun to the'�Iphs�t `
<br /> , �,�`�� bWdsr.If nquk�d by tM Farm Hometts�d Protectton Act, Trustes shdl oNer the property In two separate s�lu�as requirod b��ppllc�ble law.
<br /> - - Truste�m�Y PaKPoM sate of all or any prce)o}the property by publlc mnounc�m�nt�t the tlme and pl�ce��f my prevloutly��chadulyd ul�.
<br /> ----_= LendM or Rt d�Npne�may purch�se ths prop�rty�t any�ela.
<br /> -- � Upon nceIpt o}p�ym�nt of th�prlc�Wd,Tru�tee ihall de0wr to the purcluser Tru�ts�'�de�d conwylnp the prope►tY•Th�rocitlnl�contaln�d In
<br /> Trusta�'s dNd�hall t�prlma f�cb svldlsnc�of th�vuth of tt�st�t�m�nt�cont�In�d th�reln.Tru�tss sh�ll epply ths�xow�do c+t the sal�In tM
<br />- — relnstitiment fasa,lb)to all�umi iecur�d by thli des�of�t u��and(al�thi bili c��If eny blo ihe psrtom lipatly�ntltfW tuiuoelvi It.ts�� �nd
<br /> 19,Fa�cbMU�.At Lender's optbn,thls doed o}trust msy bs toreclosed In tM m�nner provlde by�ppllcabt�I�w for fornr.wcure of mortq�pa
<br /> on nd property.
<br />��� 14.�o�eyon Lender may enter the p►operty to fnspsct It If Lsnda pWu Borrow�r notic� beforohmd.TM rwtics must stutu ths nawnaM�
<br /> _ .� caus�fw Urxlw's Inspectbn.
<br /> -_�� o6alfl�o�i any�ot the�p o�ps►ty�ruch�ociids wlll hi applisdiiyprovxdid in Cownintam�Thf�assnlg�ment Iat�cubject t rctlie ti,nni ot iny•kb
<br /> _,� s�curitY+O�ssm�nt.
<br /> � 1A.Wiwr.By sxxclslnp�ny rsmedY sv�llable to Lender, Lendar does rat pIw up�ny rlphts to later ui�any otfi�r romedY• �V not exerclalnq
<br /> �� any nm�dy upon Borrower'�defauh.Lendx doee not wafve my rlpht to I�ter conslder tho svent�def�ult If ft hnppe�s�yMn-
<br /> --=;a 17.Jdr+t�nd brwrM U�hl�tr: Co�siyMn: Suce�sson �nd Asfipn� Bax�d.AII dutles undx thie deed of truat ere Ja;nt �nd a�v�ral. Any
<br /> - Bwro�r wno caslpns thl� de�d of trust but do�s not co-aipn tM uMsrlytn� debt Initrument��l do�s so �nly to ym�rt and conv�y that
<br /> -.� Barowsr9 IntKSat In tM propeny to the Trustse under tM te►mc of thli dsed oi trwt.In�dditbn,�uch�Borrower ayrna�t1�nt the Lender�nd
<br />��T�� any othar Bo►row�r und�r thfs d�sd ot trutt may ext�r+d, modlty or m�ke sny othsr chM��ea In tha torms ot thle ds�d of tn�u�t ar ths s�cur�d
<br /> debt withaut th�t Borrow�r's coru�ent and without rele�tiny that 8ortowsr trom th�tsrms of thla ds�d of truit.
<br /> �__.�� The dutie�and ben�fit�ot thls deed of trust shall Dind and benefii ths succeasas and�sslpns of Lender and Bonnwer.
<br /> -- _�- 1t.IfotSn.Unbss othe►wl�e required by I�w,any notice to Bonower sh�ll b�plveo by dellvsrinp It or by maillnp It by certifk�d meN addr�ss�d ta
<br />�;�;� ._ gprower�t tM p► �ddr�a or any otf►K�ddro��that Bortowar hi�piwn to Lendsr.Borrowe wNl pIw�ny notlt�to Lamde►by certlfisd
<br /> mail to L�ndW'�• ass on pape 1 of thlt deed of trutt,or to�ny othar�ddrets whlch Lendar Aae deslymt�d.Any otlta nmin�o to Lender shalt
<br /> - __�:� be s�nt to LendM'�eddre:�as ateted on pa4e 1 of 2hit deed of truct.
<br />-—�—��1R:3��
<br /> �,��i�' Any notia shill be deemhi to have hssn pivan to BaTrower or Lender when plven In the manner stated abave.
<br /> �_�s�.u�:
<br /> _,,��.�_,�,t �g,Tr�rqlp pf tM propKty or��S!{cl�l I�tw�at{n th�6orrow�r.If dl w�ny p�rt of the proparty or�ny intareat In ft Is Fold or t�am}ernd
<br /> - without Lend�r's pior wrltten conssnt, L�ndYr m�y dem�nd Immediate payment of the sacurad debt. Londer m�y s{so dem�nd Immedlate
<br />-- :�:�.�; paym�nt it the Borrow�r f� not s oatur�l ponon �nd� t»naiiclal Intere4t in tho Borrower le aotd or trenaferr�id. Howev,r?, Lender may not
<br />-- dam�nd p�ym�nt in th�above situatbns If it is pohibited by(sderal law n of th�d�te of thls dsed of ttuit.
<br /> .;�� _,
<br />-�°:",;:'�'��`':`' 20.R�eonwyr�c�.When the oWiy�tbn escured by thfs deed of trust h�s been p�Id,and Londer hss no funhnr obllq�tlmn to make advances
<br /> - •�- .�:'�-ra.
<br /> undsr tM M�trum�nta aW�e�msntc sacund by thlt d�sd of trust,tM Trustee ahall.upon wrltten request by the lenda, reconv�y the trust
<br /> �s.y��� � pro .Tfie L�rxlsr shall deliver to the Borrower, a to Borcower'�wccessor in Intere�t,the trwt deed�nd thti notu o�other evidonce of the
<br />�>>+ar+� obl �ti[+n�o atisfbd.Borrower shall pay+oy ncordubn costs.
<br /> ��M��="_�_-_ o� a........�.Tnutr. t wntf�r. at L.ndu's oncion. mav remove Truitee �nd �ppo�nt a wcceRwr trustee by flrat, mn:iny e,copy�of the
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