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<br /> COVC•NANTO �� �����
<br /> ' ' �, Payment�� �OIf04V01 p0�aaa to nuiko atl qeytvantu on tho aocWOd tloQt whot� duo. Unlnao Borravvo� ond L ar �proo at unvlse, un1+
<br /> _ � � pnymo1nta I.ondoe rocalvoo om E�Offp ot ar la Benowot'e bonolU wlll bo oppI�ad Ilrot to nny omounta SotroW or u�van an tho oacurod dabt
<br /> . not rocNca ornoxcueq e��y�gci��j�use�cp�to��t�n�1��p q4t uiad dabi to�pnfd in lull��propoymsnt�f tho ooaWOd dnDt accure tar any roanon,il�v;il
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<br /> �.����q'��t ,��,{�t,r; ��� ' ' {t�� � �Sd'g omonta,nnd othor chmpaa att�ihutabto to tho propottY Whnn dua end wiil dvt nd Utiu
<br /> [o tho propsT�e�t�►��a�tma , . a�d eir He f thto d�d ol uuet.lendar maV�equUo t3arta+xa tn eselpn oey r1�lhte�c�pi�s or ,
<br /> �eto�zaoa wti1 t et$��L�4� upp�ygnhor o►mataripla to Improvo e�m�lntoln thu prop¢ttY� �
<br /> � _ .. . � "'""' In.eured�!n�_a t��� sa�eP��o Lencler ot Dorrowot'a oxponaa and tor Lendot's bo�sofit. All ���
<br /> � . _ _1,, 3�irsa�rtisci.B�rr�wa:wltl kvsp sAg�opetfY -----
<br /> � � , Inawonao pollaloe ehull Include e etnr,dald morlaepe clpuse In fpvor of lender.4ondoT wlii be rMntsd e9 IoBp payoo cr ao tho tnaurod en etty 6uei► �_;'•
<br /> Ineuranco pallny,Any 1qnuranpe pracoode mey 6e epptlod.wlthln londat'o dltc�atlan,to atthat tho reetoratiue t,►topnir o1 tho dama0od prapettY ,ti �:
<br /> er to the�eau�ed det�l.lf 4o�AOr roquiroe mortpepe Insurance,Oorrovvar aptaot►to malntatn auoh Ineuronco tot aa lan8 oa Londor requlroe,
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<br /> �==,� 4.P�epenY.Oar�owm wi11 koop Iha property In pood condltton ond mako ntl�opulrn�0000�abty nanosenry. �
<br /> �`�'•� .� 6 Bxpms�t.8artovrer e0reoe to pey ell Lun¢er'o oMpeneo�Inoluding taaaanabto ettornayo'(ooe,If Bonowat btaake�ny covannnte Ip Ihle dped =
<br /> �� pI uuf101 In Qny Obupetian eaaurbd by�hls aoad of truet. o�rowet will ppy thete emounta to 4endei as provldad In�avon��8 of thl�deet9 of }ti
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<br /> 1 0,l+�rla �cudt Mta��U.un� w�eo�rowsi��r t oo���n� 4ende�'e t+vrltta�cun�em, Oorrbwer wlll no�t moko ar parmlt env��BOCUrIt�y e��eamentt �`��`�s
<br /> " acur ty�nt�i��Yt,tiar�awor�v�ll pe�torm wtl o�Dorrowe�e obtlpet one undor sny pr�or mo�teepo, aoA of tru�t or oth9 ___._
<br /> tnc!u�lnp Ro�rowu'�covaneMe to meks psym�m�wh�n dus.
<br /> • : 7,A��kl�nnm�nt p)qMt��eA�toflt��Na ro�ve/0��1pne to lenda/tNs 1ent�and profft�of the property.U�loe�Borrower pnd Londer hwe ep e�d
<br /> otherwfn �n wr�t�np, Florro�ver mey co�Uaf�nQ tetuln the ronto o� Ionp��8o�rowe►ip not 1n dotCUtt. It finr�awer dofau{te, 4undor. Le�at'o �- ..
<br /> :- i ape�1,or •aaurl�pA9�nted recelvet nt��I teke po��o�eion end mar+ape the proporty t�nd colieot tho ronte.Any�onte londor colloote ehetl bn
<br /> ' applled tlnt ta the cott� a}m�ntpinp tt�s proportY, tncludln0 court o��sto end nttorn�Y�'lae�. commleatona to rpntei a snis, and ony othnr
<br /> � nac�s�uy�atated e�pan�o�.The�amsinfnp amount of ronu wlll thon epply to poymont�on tho eocurad debt ae DrovlCed In�ovonent 1.
<br /> 9,L�ap�holAtj Condpm�l utn�t Pl�nmd�Uni10 vaiopmsnU.Borrowor a0rooe tu c mply wlth tho provlatone ol any loeao i1 thle doad o}trust i8 on
<br /> under ths�coveninti�byte vi uor inp tu ntlone�01 the coadominlum or plenned u ln t�dnvelopment nt,Bor�owot wi11 pqrfarm ell 01 Borrowe►'o dutfo9
<br /> � 9.Autho►�M of��na.f to v.no�r�eo�ow��.at Borrowor falb to�riorm any af Borrowar's dutlea undar thte doe�oi auet. Lunder may ___
<br /> � perTorm tlts dutier or oauae them to ba ps�forme .lender msy elpn o�rowar'�ncme or psy any amount If aeoeseary or performence.if any
<br /> "� �� conatruatbn on the prapnriy I�dl continued or1►ot c�rcled on In e rosaonabte mRnner,Londer mey do whetevcr ia nacos�erN to pfotoat lendor'o
<br /> � tecurUy I�toroat In the p►operty.�hb mey lncluue complstinp the conttruaHon.
<br /> � Landor'o fallura to padotm wlll�mt prectude Londer from exercl�inp dny pf Ite othAr�iphte under tAo law or thle dood of ttuet. v
<br /> � AnV amaut►t�peld hy lander ta proteot londar's sacurity Intoroet wlll bo eacufad by thle deed of truat.Suah amount�wUl ba due an demand
<br /> '"� ond wlll boer Interont from tho defe of tM pAymont untll pald In full et the Intaraet rata In alloot o�tho oacurad dobt.
<br /> ' � � 10. 0•Iwfl�nd Aca�I�ratian. 1f 6orrowe� faila to make any paytitont whe� duo or bmoka nny covtenante undo+ thie deed ol quae or an1t
<br /> dom�antld�Immediato pay n�ontund may Invok iho po�wor af anlo end any otho�iomedlee�Ra�mltted by appl ceble tawurity of tha socurod debt end
<br /> horeRo et tho e�ddteee of uaah euah pononT�io sotQfonh heiain.coploa of tho aoticos of dolnuh nnd eatA ba eant to eaoh pptson who ia a pertY
<br /> .^ _ � -'• !salt!!r.'t saeoss!!ss!!!s i+ttl�t�t tlig 1°�!'t!�4)daeds ot euh cnunty
<br /> � --_-— 13. Power oT s�l�.It thn lander inwkea fiho powo"►oi e:io.ti�a T�i-�s
<br /> whoroln tho troet ToDa►tY ot soma pert or parcol thotao/le altuetod a notico ot defeul!contuinlnp tho intormotlon roquirod by law.TM Tru�tee �
<br /> , . ' rata end o other poreom aa proacribed h
<br /> ,'H� . �hetl el4o meil co�lo�of tha�otica of do9auN to tho Bnrrowor, to ec+ch poreon who Is a party ho � Y
<br /> , epplloable lew. Not lee� then ona month eftet tho Ttustae recorda tha notlae of defauit or two ron.atha I the truet prppetty ta no1 In �ny
<br /> _._ — '� .. ._ InaofDOnted oity or villapo and Io used In farminp a erattons aturlad on by tha trusior.the�ruotoo a1wt1 pivo pu6110 notiae of ealo to tha perBOne
<br /> _ _ __ __�._._.. a._,_..0 ths� et nubUa eucUon to tho hlnhaet
<br /> �:,F�.3Gar�s ;�- anp tn th�msnner pra criimd_ � ..ti.. ri+.�,.. islsiiui t�.'��ts�lts4�!9t._h�
<br /> , , hldder.tf�eyuired by t��arn�tomeet�e d�ots on�ot��ftustaa ehnu otter the property!n twa eepaitt�o'u o�ai�equUad Dy�DplIC�Di111�w. _ -
<br /> ,J �tF' onder oi�+te d alpnoo moy purohase the Neope�rt�y ot any ealo�by publio announcemen�t af the timo en8 pta�e o1 any previaiuly echedu ed aete.
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<br /> � 'f `�` ��' �� Upon rocoipt o!pavmeM of the ptIca bld,7�usteo ehall dollvor to tho purchaoor Truatoo'e deod conva�inp tho proporty.The rochlela coMSlned in -
<br /> i���1"�" ':
<br /> ., r Yrustoa a dDQd 8hO110n prima faolo o�idlonco ot tho trutA of tho statamor�ts containod thflrpin.truatea e�naS�appiy tha piocoodo o}tho aale in tha
<br /> :"•_,;, r�,,,`�;�, � fottowing oi:iat; l0) to alt oxponaos ot thn ealo, Includlnp, but �ol I�mitcd to, roaeaneble 'fruste�'s 4aaa, reaeona6la ettor�ey'a teei �nd
<br /> . • �• �`.v tl,� ' �olnetatomen't Qeae;tb}to ali suma aocurod�y thl9 doed o}truit,and ie)tho balenee,if any,to tho parsatts lepally ontitlod to rocolvo it.
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<br /> r;\°�,���5,r`;;, 19.Fonataut�.At lond0i's oDlion,thie doed of trust mey bo toreotoead In the mannor pravtdo by epplioabla�ew lor(areclosu�o of moRpapef
<br />-- � v;i�',, ,,�;x�?.; on reel propartlt�
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<br /> � ,3 �y}���t+,i� 14.in�pocaton.4onder may entor tha prapenY ta Inapoot it If Londar pivoe 8orrowar aatloo botorehand.Tho�otico muet atato tho reesonahta
<br /> ,��'1�1' � oause for tonde+'o Inapoation.
<br /> °'�'�4 � 18.¢and��on•8orrowor aaal Qno ta I.ando�tho proceede af eny awerd ar alnlm to�dalttaae�a�aoipnmant Ist aub�eot tartehot tefm�othany pcla�
<br /> , �},-:`" af al�or any part of the prclAOrtM�6uoh praooade wlll be eppiled ae p►avidad In Covenant 1 Sh
<br /> � 1 � \".-:•)' r�,
<br /> r� u„ ' 4acurity aproament.
<br /> �� ''�`�` 18.Wdv�r��tr oxarcl�lne any rem�dv Ileble to I.endet,4endar doae aot giva uP any riphte to late►uso en1I othm�omedy.9y not oxercislnp
<br /> � �'�'�'r,�r �• any rameay ypan 8orrowor'e defoun.lt+n�at doee not walvo eny ripht to tater aona dor the event e datnuK it tt happena apain.
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<br /> ;.�;: 17. Jdni W+d 8�»�� Ll�bllltyJ Co•{ nprsi 8uaqaton �nd A�ilpns 8aund.Ail dutloa under thfa daod of truat era Jolnt and aeverel. Any
<br /> Bartow�� who oo•slyns thl� deed of�r�,st but dooi no1 eo•alpn tho undorlYin0 dobt �mtrument�s! doea so only to prsnt and convey eh�t
<br /> � 1 • Horrowoi'�Intatast in the ptopatty to the 7�u�tee undet ths termo of thl�dead oT truet.tn additlon,cuoh e 8orrawer e0resa that the Lender md
<br /> � � �f eny other Bonawe�under jhis deod of truat1ney axtend,modll1�or make any othor ohanpe4 In ho torms of thia deod of trust or the secured
<br /> +�_ �;t�`� � da61 without thet Borrower a aomant end without reioafinp that Borrowor tram the tarme of thla�eed of truat.
<br /> �' �+� '�:;'�'�f;•
<br /> , ��;: Tho duqae and bonolite of thla daod ot trust ahail bind end bsnefit the auocessora and aoalpna of LandaR ond Bar�owor.
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<br /> . .:.. ,;• � ,. 19.NoUas.Unlaw otharwisa roqu1re0 br aaw,eny1rotiae to Bor�owor shall bo pivon by dellvorina it cr by,maltlnp it by cortifleA moll ad6reasad to
<br /> � �,;;,,,,,., 8or�ower at the prop�rty edd�eao or anY other addroeo that Borrowo�has ivan to lendar. 8orcaws�r w,ll flive any notlao to Londer by aertifled
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<br /> be ient to 4ondo�eaeddres�as etated onip,ye�1 of th e daod of tru8tther edd�m�which iender ha3 Qasip►wtod.Any othor nott¢o to Lender�htil
<br /> �� �
<br /> � ��� Any notiae ohall be deamed to have betn dtven to Borrower or 4ondor when plven in tha man�ar statad abova.
<br /> � � ' ��. ��T���pt���e��������la pomowoor.iP cdt or ae pan of the ptoporiy ot any Intvrest�n N le satd or tranotorrod - --
<br /> ;� � - without LenduYe ptlor written aonsoM, Londor moy domand Immedia'ta pt+ymonl of t�o oocuro0 Oobt. Londnr may niflo domand immedieto �
<br /> � r•, . �' paymant if tho 9orrowot ie no�a natural parson and e bonoflalel intaroat In the Borrowor ia sald ot transtotrod. Howaver, Londot may not -
<br /> ��.. �j demand p�yment tn the above a tuationa it it Ia prohlbited by fodaral law oe of tho dato of thfa doed ot truse. �
<br /> - ' ` �: � 20.Rasonwy�r�.When tha oblipation a�ourad by tMie dead of trust hea beon poid and Londe�hae no furthor oblipatlon to mako advances .
<br /> under tha instrumsnto or�proomento aocured by thla doed o1 trunt,tho T�uatoo ehalf,upon writton�oquoet by the Londer �oconvoy tho truat
<br /> :';�` �'" . ` � pro or�y.The londor shell deNve�to tha Borrowor,or to Borrowar o ss�ccaecor In Intoroot,the truat daod end tho noto or o}har uvider.ca of the � .,,:=--
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<br /> a obltgatlon so oatlaflod.8orrowor sholl pey any racardotlon coste. _--
<br /> �� ,. „ ' �� S Zt. 8uaansot Tn+st��. I.andor, ot Lundar'e optlon, meY �amovo 7ruetoo enQ oppolnt a succeseo� truatoo by Hret, molUnp o copy of tho
<br /> ��� ' eubatitutlon of nustoa ea roqutrod by apptloablo law,nn�than,by 1111np tho aubatitutlon o}truotao for�uuord In tho otliao af tho rodlator of d�eda
<br /> � suc oQd to aliihe powo�duttoseauiho It�y on�dr titto otiho Tiu t o�numud In tho doed of truut ond o�ony�euoco rfl oi tru3teo.o}tho prapo►ty,shell
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