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<br />: . ��.,.,�," COVENANTB A�� ���/�
<br /> •" `'"'�� 1, ��yiy�t�. Borrow�r �pnn to m�k�W pIlyr��n�t� on th� ��eund d�bt wMn dus. Unlen Borrow�r al'fd L�nde aarN o:h�rwlu, �ny
<br /> ,,� peym�nt� L�nd�r ncslv��from Borrow�r or lor p3�Fg�r,r�►'�bsrHflt wfll he applied fint to any�mount� Borrow�r owa on th� uc�x�d d�bt
<br /> exclu�lw of Inte�e�t or princlp�l,�econd t�1M�r�aR,aA►tl�then to pHncip�l,It psrtlal prep�ym�nt of ths tecured d�bt oceun for�ny neson,It wlll
<br /> ��.� not roduc�or�xcw��ny�ch�duNd pay fient untll the�ecUr�d�l�bx 4�pa��In lull. �-
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<br /> � f 2,CI�Nn�AOMtMt TfWe.Borrowat w10 pey+�il taxi�,;i1��e�urKti;�hd OtMi chsrper�ttrlbut�bU to tl»prop�ny whsn dus md will dehnd dti� �-
<br /> dafirMi�ii�whlch 9aio,vN m�y'h�w�palntt p rtl,tpwhaiup{�Ybabor o�r~madtiriili to,m�pov o*mrdnt�rin h�r�op�rtY�s�lyn eny riqhtn,clalmn or
<br /> � �,NMUnnc�. Borrow�r wlil k��p tM prop�rty inaw�d unde t�rm�acc�ptrbla to Land�r�t Borrowu'a exp�ns��nd tor Lender'�6imefit. All =
<br /> imurana po�lcl���h�ll Includ���tmdKd mortp�p�cl�u��in f�vor of L�nd�►.Und�r wfll b�named a loss p�y�e or a the In�ured on any such
<br /> in�unnc�polloy.Any incunnc�proc�od�may W�Pplled, wRhln Lsnd�r'�discrstlon,to aithe►tM reitor�tion or repei�of the dmm�ged prop�rty _.
<br /> ,,,,,,,�, or to tM s�cund d�t�t.II l,onJar royukoa mortpa{yo Inaurortce,Borrowcr apreoe to malnte�n eur,h Inswnnce for ee lonfl ee Lender requlrea. �_
<br />- rn�"A 4,rrpp�rty.Borrower will k�ep the{xap�rty in pood condltlon and m�ks�II repalrs re��onabiy necesury.
<br /> 6,Exp�ns�i.Borrow�r�pn�s to paY all Lo�dn'��xpen�ea Includinp rs�ton�bie�ttornsyi'fee�,If Borrowsr bre�k�any covenentn In thle deed
<br />- . . �• of trwt Pr�n any oblip�tbn e�cund by thl�M�d of trwt. �orrow�r wlll pay th�ss�mount�to Undsr�s provided In Covennnt 9 0}thtp deed of
<br /> trwt.
<br /> � � � 6ecu�iiy s=^K�s}�,�Bo�owir�wlll p�8 form alltoftBoriower i obllpitlons undei iny prbr mortg�0e�deed of trui�oritotherese uriryip�mentr
<br /> � � ' Inciudinp 8orrow�r'�covsn�nts to m�k�paymmU wMn du�.
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<br /> �::w•* 7.A� of R��nd Pro1fN.Borrowu�ulpns to Lendsr th�rsnts�nd profiu of the p►operty.Unlaae Borrower�nd Lendar heve eQreed
<br /> " otMrw 4a in vvritinp, Horrower m�y coll�ot�nd nt�in ths nnts�� lonp as Borrov�er fa not in default. If Borrowsr dafaulte, Londer, Lsnder's
<br /> " - � �pent, a �couh�ppulntod ncoiw► m�y t�k� posssnlon md m�mpe the prop�rty snd collact the rent�.Any rent�Lender callocts chall be
<br /> s x• appilad fkst to the cosu of m�napinp t h� prop�rty, Inctudinp court cost� and �ttorneya'feei, commisslon� to rentei �axnta, and any other
<br />_ 'i r necassery rstated sxp�n�ei.Tha rsmsfninp amount of ronts wtll then epply to psyments on tha eecured debt�s provided in Covonant 1.
<br />�;, �:�.� t.L�I�oWr CondomMNw�:P�wrNd Udt D�vdo�wnw�.BorrowNap�Ns to comoly with ttN provlebn�ot�ny N�s�It thl�defxl o}trust i�on
<br />-",:1�',��; �pp�haW,1�thM drsd of dust Is on�untt In�condominlum or a plaon�d unft d�wbpm�nt,Borrow�r wlll p�►form�il of 8orrowor'n dutNs
<br /> _�;;;;��.�,�� und�r ttw covenanb,bylevre,w reflulatbrsR of ttw condominlum or plann�d unit d�veloprtNnt.
<br />- ;a� � � 8.AW�aitY af L�Isr to�wfaro 1a�arow�►• �t Bo►rower fail�to�(am any of Borrowx's dutNs undK this deed o}trynt,Lend�r may
<br /> =;i�:.�.�."•�' p�rform tM dutN�or cws�tMm to b�p�rtorm�d.I.�nde►►naY��9n gorrowe's narn�or p�y�ny amount If rwa�suy tor perto►m�na.If any
<br /> ' constructbn on th�pro��YdThis mt�incudi complst np the co�nitruati�onmann�r.LendK m�y do whatevsr i�necaa�ry to protect Und�r's
<br />--�:��- � _ acu►ity IntK�st In th�
<br /> °^'^ Lsnd�r'�t�ihx�to ps►fam wlll not pr�chide Urx�r from execisinp my of ks otMr riphts undertM law or thla de�d of aust.
<br /> ±"��M'.., ind wIH�Wir�{ntKittYhom�tfie da�oof tM pi�yteint untll�pald In full,tI tM Intirua�t�riti In�ite t on tM iictSuid dibt unt�will Mi due on demsnd
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<br /> .-;,'"��� �p, pr;wh�nd A�eNw�don. If Borrow�r fdls to msks my psyment wMn dw or bn�ks my cowo�nt� under thla deed ot trust a �ny
<br /> ?"'�?s:�-- � ` oWlpatbn qcund by thls dHd of trust or my p►ior mortyq�or d�sd of trust,L�ndsr may�ccdents tM m�turlty of the ser.und debt�nd
<br /> -:�; � d�mand Imm�diats psym�nt�nd may Mvak�tM powe ot s��nd�ny otM►nm�diu permitt�d by�pplicabN I�w.
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<br /> 11.R��t Mt Holia�of Dehult•�t�s h�nby rpwst�d th�t copl��of tM noticss of d�tault i�d ul�b���nt to ach panan who la a party
<br />�irt..,,�,�� he�to,�t th�addnss of�ach such p�rson,n s�t forth hanln.
<br /> --==�x 12.PowK of lRaN.If tM L�r�r Imrokn tM powN of uN,tM Trusts��h�ll fhst ncord In tM oftla of tM nplate of cteeqe ot�acn councy
<br /> .--�--.�••—�� wMnU tM trwt ptopKty or wrtN pxt or p�rcN thKwf I�tltu�t�d�notics of tNfsuft cont�lnkw tM Infumation nqulrsd by law.TM Trostw
<br /> -- - th�ll al�a maN cophs of tM notla o1 d�faWt ib tM Barowa,to��ch p�rwn who le�pa�ty F»roto, and to othor parsonn asp�sswlb�d by
<br />-=�`A�;s��; appllcable law. Not I�a th�n orw rtwoth aft�►the TrustN ncord�tM notics of d�tault, or two montlu If tM uwt propnrty is oot In�ny
<br /> -__ti;���� Incorpot�t�d city a vlllap��nd b u�ad in tarminp op�ratlon�carrNd on by tM truttor,th�Trutt»ah�ll plw publla notice of aeln to th�pksons
<br /> �nd in the m�r M��p�b�d by q+PPNcabN law.TrustN,wlttKwt d�mmd on Borcow�r,thstl o�N tM p►op�rty�t publkr auctMn to tM 1►IpMst
<br /> - - blddu.If rpuk�d by ttw Frm HortNSt��d Prot�ctbn Act,Trust�e shall off�r tM pop�rtv In two apa►at�akt n requlred bY+PP�io�bN I�w.
<br /> �� Li�a ki Milp e miy purctiaN the�copirtY,tiny se�by publlo announcement at the tlm�md pl�c�of a��prsvfounly echedulad ul�.
<br /> Upon r�aIpt of paym�nt of tM prtc�btd,Trott��shall d�liwr m tM putchasx TrustN'�dNd conwylnp th�propKty.TM1 r�aiitMN coM�in�d{n
<br /> TrwtN's dwd tMll b�prlm�facN�vldN�c�of th�truth of tM st�t�m�nu contaln�d ttwtNn.Truate�shall�pply the aaceede•ot ths nN In ttw
<br /> -- nl�0iu�taL,mi�i{��(b)to alt iumsfiscured�yb thli�da�d o4 t�rust�ind(c11ItM b�t�nce U�ny tto tM pnona Npilly s�t�kkd to rianlve k.f�st �nd
<br /> 13,Fonelowr�.At L�nde�'i optfon,tM�dnd of trust msy b�fa�cbad In tM marn+�r provld�by�ppNc�bN I�w fa fwsclon�xo�ot morty�p�s
<br /> on nsI p►op�►ty.
<br /> cwu f�U��i�s�ction�t«��opxty to In�pect It ff L�nd�r plws Borrower not�s Wtor�h�nd.Tho notic�must�Ute tiw rqsa�aW�
<br /> -- �6,Co�d�nr�Nton.6orrow�r u�Ipns ta l.end�r thsp�aceed�of any�w�rd a clslm fa dam��com�ct�d with�condsmnntlan a ottrr Ukkq
<br /> ,���,'�� of aN or any pat of tM props►ty.8uch procNd�will b��pplNd�a provW�d t�Cownant 1.TN�asslp�nt t�wbj�ct to thn mrw of any prkx
<br /> -- a�cutlty eprNm�rK.
<br /> 16.W�.By�x�reltlnq�ny nm�dv�va11�bN to Lsnder,L�r►d�r do��not ptve up�ny rlqht�to lata us���v other nmedy.By not�xeratlnp
<br /> = my eemady upon Barower'�d�fwlt.L�ndK dws not watw�ny Npht to leter con�ide th�weM�def�uh it k h�ppem�peln.
<br /> - 17, Jpint�nd:w�r�{�y. CaNpr�r, Suee�uon �nd As�ns �o�x�d. All duties und�r thi�dNd of trust e� jolnt Md ssveral. Any
<br /> Bor►pw�r who co•stpns thls d��d of Vust but dws not casi�►the undklvinp d�bt Instrum�ntl�l dou w only to prmt �nd.eonvay that
<br /> Bonown'�tntK�tt In tM prup�rty to th�Tru�tN und�r tM tam{�s af thU d�ad oi trwt.ln additbn,�uch�Bot�owK�pr�sa MHt thu Lsnd�t�nd
<br /> — �ny oth�r BorrowK�xxlK thls dNd of bu�t may�xnnd,madi a m�k��ny other chanpea In the tKm�of thls dNd of ttuet a•the s�cund
<br /> -- debt wlthout that Bortower'�corusnt�nd wtthout rsk�sinq that Borrowsr irom th�tartu�of thl�dNd of uutt.
<br /> -- --- 7M dutN��nd bu»tit�of thls dNd of truat�halt bind�nd b��efit tM auccesson and�stlpns of L�rd�and Borrow�r.
<br /> -= 1!.Nolie�.UnNu otMrwit�required by law.�ny notic�to Borrovrer ahiq b�plvsn by d�Nvsrkp it a by m�iNnp ft by cartiflad mnll thddnss�d to
<br /> __=-�Y:�,� BortowK�t tM DroDKtV�ddn��a enY otM►address thtt Bortower h�t piven to l�nder. 8orcovwr wHl plw�ny notica to 4enAor Uy c�rtHi�d
<br /> mall to L�nd�r's�ddra�on pap�1 of thta deed of trust, or to any othnr eddnu whlch l�nde hn d�slpn�t�d.Any other notiae to Lend�►�MB
<br /> ._� ---��� b�a�nt to L�rtd�r'�sddreu a�ttat�d on pap�1 of thl�dnd of vuat.
<br /> --` -� Any notic�shall bs deem�d to haw be�n pWsn to Borrower a LeMet whe�piven in th�m�nrnr at�t�d�bow.
<br /> -�--=r��� 18.TnrufN of tM PropntY ar�MM11dr k�t��t in tM do�w�•M�II or any put o}tM property w�ny intereet In it le aold u►transferced
<br /> _.-�. wlthout LendK's p�Ior written conaent, Lmd�r msy dsm�nd Immedlat� paYment of tM secured ds6t. Lsnder mey also domand Imm�diats
<br /> "r:.�:,im,i,�i� p�ym�nt if the Borcow�r b not� naturulpe rson rnd a beneftelat Intarost In the Borrower Is sold or transferred. However, Londer mey not
<br /> __�Y,���t, d�m�nd paymmt fn the�bovs akuationa H R fa prohiblted by fed�rd taw�s of tM d�t�of this d�ed of trust.
<br /> _''_"���� yp,p�ceewy�ne�. When the ubl{pstlon tecured by thl�d�ed of trust h��besn p�W �nd Under has no furth�r oblbatlo�to mn1:�adwncss
<br />- - _' uodsr th�instrurtwnu ore�Mmsnts acund by thi�deed of trust, t1»Tru�t�e shdf upon writt�n reque�t by the Lender, nconvey th�uust
<br /> --��- pro .Ths Lend�r�Aall deNwr to ths Borrower,or to Borrovrer's suecessor in Int�rsat,tM nust daed md tne note or othflr evid��xs of the
<br /> -�:���� obl �tlon�o��tltfled.Borrowsr shsll psy sny rocordatlon coste.
<br /> -_- = e� c..,�......t.u.e.._ L.nd�r. st Lendar's oetlon, mav rsmove Truatee end �ppolnt e wccaaor tru�tN by fk�t, maNir� • copy.ol ttN
<br /> ---_ _ �;"�•.�� �ub�titutbn of Vuits��s nqulnd by appltceble law,and then,Dy fm�tM substltutlan ot tru�tM for roCMA In tM ott�c�ot tnn nfl�snr ot d�os
<br /> -_-��;.y,�a� ot�ach cainty In whlch the tru�t property,or some part thersof,Is a tuat�d.Ths�uca:sor Rust�s,without conwy�nc�ot tfin propety,shall
<br />_ .,�.:;:�t�, .� �uCCWd to�11 tM power,dutiea,euthority end title of the Truetee nemed In the deed of trust�nd of my wcc�sior tru�tse.
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