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<br /> Borrowcr covennnts that Bonowcr is lawfully seized of the estatn 1►creby conveycd and haa the right to grant and
<br />- wnvcy the Property,and that thc Property is unencumbcred,axcept for encumbrances of rccord. Horrowcr covenants tlu�t
<br /> � 8ormwer wprrAnt9 and will deknd gencrnity ihe title to thc Property against all claims and dcmnnde, subjcGt to ,
<br /> oncumbranr.ca o,frcr.otd.
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<br /> UNlF4RM CUVENANTS. Borrower and I.snder wvenant and a�rce as follows: �
<br /> .,.,..;� l. Pa7rort�t of Principd �uud Interen. Bonower sliell prompUy pay whea due the principal und intcrest _
<br /> Indebtodncse evld�:rt.rd by thc Notc and latc charges and other charges as provided in the Notc.
<br /> •w+++�•� Z. Payntcat o�'Tues. Subject to applicable law or a written waiver by Lcndcr, Borrowcx shnll pay Yaxes and ''���
<br /> �, � atkumcnt�(includ�ng oon�d�minium end planned unit developmcnt assessments,if uny)which may attain priority ovcr this
<br /> I)ood oP Trutt, end grouM rents an the Property,if any. � _
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<br /> '�,� 3. Applkatlan of Paymeate. Unless applicable law pmvidcs otherwise, all payments rcccivcd by Lendcr undcr _
<br /> ' ' !� thc Note and pangraphs 1 and 2 hereof shall bc applied by Lcnder first in payment of amounts payable to Lendcr by
<br /> , . ��'-.�D, � Horrowor unQcr p�ragraph 2 hcrcof,then to interest payable on thc Nata,and then ta the principal of tho Notc.
<br /> "`•` ,;,o,',r;:}t'� �
<br /> • � � � 4. Prlar 11lort�a�a�ad Dad�ot Tru�t;Chargee;L1ene. Borrower shaU pr.rform all of Bonower's oblignNons
<br /> � , under wny mortgage, dccd of mist or othor security agrccmcnt wlth a licn which has priority over thia Dced of Tn�st, �
<br /> including Borrov+or'�oovanants to make payments when due. Borrowcr shall p�y or cause to be paid,prior to d�linquency, _
<br /> all t�uca. aueumenb and other charges,fines and impositions attributable to tha Property which may attaip a pdoriry over -
<br /> thlt Ueod otTnul,and lcaachold payments or ground renu,if any. �,��
<br /> � 3, H�x�M Iniurrnce. Borrower sl►all kecp the improvements now exisdng ar hereafter erected on the Property ��_•�
<br /> insurod eg�inst las by flro,huzard9 included wIthin We term"extended coverago",and such other hezerds as Lender may �t
<br />; " roqulro nnd In such amounte and for such perlods ns I.cnder may ra�uin. ��:-
<br /> Th� ituuranco curttcr providing the insurance shall be cbosen by Borrower subject to approval by Lendcr; R__
<br /> . pcovidod.tlut such approval ehall not be unreasonably withheld. All insurance policies and renewals thereof shall be in a
<br /> . ' form accepl�bla lo Le�xier and ehall include a standard mortgage clause in favor of and in a form acceptable to Lender. -'
<br /> : Lcss3tr::s:!!t�:t�s sttt r!g!t!ta ttolc!the policl�.:nd r;su�:als thezt�f,subJxs so she tezsr�s of an;moztgege.�atl o*_'?cust nr
<br /> , other eecurity agrecmcnt with a licn which has priority ovcr this Dced of Trust.
<br />_-'' In tho ovent of los�,Borrower shall give prompt notice to the insurance carrier and I.ender. Londer m�ay u►alce
<br /> _�.�. ' proof of lou if twt m�clo promptly by Borrowcr.
<br />�=:�=i�;�:�"` If tho Ptoporty i��bwndoned by Borrower,�r if Bonowerfails to respond to I.ender within 30 days from the date
<br /> . •�.
<br />=•��'"= nod�o I� mailod by I�encbr to sorroH�er that the insurance c�rrler offers to settle a claim for insumnce beneRts,Lender is
<br /> Y'ri."�.�_��M �
<br /> �.:.: Authod•r.od to oolloct ond�pply tha ln:urancc procceds at I.ender e option cither ta restoration or repair of the Property or to _
<br />—a:t�.5� ._ — tho iums racurodby Ihl�Aood of Truat.
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<br /> _ :,,ztiY ar 6. Praerv�ileM nad M�IA�l11ROCt of Pro Lea�eholde; Coadomtaium�; Plmned Unit
<br /> =;�.;;,: ,
<br />-=��.s�;�ri■ Ikvelopme�t�. Borrotiver thall koap the Property in good repair and shall not commit �vaste or permit impairmcnt or
<br /> "______"� � detodorndon of tho Pmporty and�hall wmply w7th the provisions of any lease if this Dcxct of Tn�st is on a leasehold. If this
<br /> -::.��.;� Daed of Tnut li on �unit in a condominium or a planned unit dcvelopment, Bonower shall perform ell of Bomower's
<br /> °-���� obilgedoni under Iha docU�eUon or covenants cnating or governing the condominium or planned uait dcvclopmeat,the by-
<br /> - - --- --— Isw�and ngulaUons ot tho condominium or plana�d unit dcvelopment,and constitucnt documents.
<br /> ,_��
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<br />����c �� 7. Pnolectlna a� l.eAder'� Secur(ty. If Boaower fails to perform the oaveaants and agreementa contafnod in
<br /> thi�Dood of Tnut,or if nny nction or procecding is commenced�vhich matedally affects I.ender's interest in the Property, --
<br /> _:;,.�;�.;q,,� �hen i�ndor, At 4endor'�opUon, upon notice to Borrower, may make such appearances, diaburse such svms, includiag
<br />�"' resioruble�ttorney�'fc¢�,snd tako such actlon as is neassa:y to protect Lcnder's intoxest. If Lender required rnortga�e _
<br /> Y �� inarr�ooc!�a eondiUon of muk'.ng tho loan cocurod by this Deed of Tn�st,Borrower shall pay the premiums requlred to �_
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