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<br /> � Any rider ("Rlder") attached hereto and executed ot even date is Incorporated hereln nnd the covenant and
<br /> � n�recments ot thc Rtder shnll amend pnd supplement the cov�nants and ugrcements ot this 13eed of 7'rust,as iP =
<br /> , the Rider were� part hereot. °
<br /> Borrowcr covcnants that Bonow�r is lawf'ully sCizcd of Qte eslate ltereby couveyed and l�as the riglit w graitt v►d convey
<br /> ' � � ��� 1 the Property, and that the Property is unencumbered, excepc for encumbrnnces of record. Borrower covenAnts that _
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<br /> 4 y�� i Banower wanants and will defcnd gcnerally the tide ro thc Property Against all claims and demands, subjcct to =
<br /> encumbrances of record.
<br /> , • � UMFORM COVENANTS. Borco�vcr and I.ender covenant and agree as follows:
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<br /> . ► 1. Payment oP Principal dnd Interest. Borrower shall promptly pay when due the principul and Intemst indebtedness
<br /> � � evidenced by the Note and late charges as provided in the Note. This Deed of Truse secures payment of s�id Note
<br /> �, according to itsterms. which are incorporated herein by reference.
<br /> , �� 2. Application otPaymeats. Unless applicable law pravides othenvise, all payments reccived hy L.ender under thc
<br /> Note and paragrapd 1 hereof shall be applied by L.ender first to interest due on thc�occ, second •the pn�ci}vl due
<br /> on the Note, and thea to late charges due on the Note.
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<br /> � . 3. Prior Mortgages and Deedc oP Trust; Cl�arges; Liens. Bonower shall perfoyzn all of Borrower's abligations, -
<br /> under any mortgage, deed of trust or other securiry agreement with a lien which has priority over this Deed of Trust,
<br /> • • �,° including Bonower's covenants to make payments when due. Bonower shall pay or cause to be paid all taxes,
<br /> assessments and other charges, fines and impositions attributable to the Property which may attain a prioriry over this
<br /> � Deed of Trust,and leasehald payments or ground rents, if any.
<br /> 4. Hazard Insurnnce. Bonower shall keep the improvements now existing or hereaftcr erected on the Property
<br /> • � � insured against loss by fire, hazards included within the term "extended coverage", and such other h:�zards as Lcnder
<br /> " may require and in such amounts and for such periods as Lender may require.
<br /> �����'�� The insurance carrier providing the lnsurance shall be chosen by Borrower subject to approval by Lender; provided,
<br />- _ that auch approval shall not be unreasonably withheld. All insurance policies and renewals thereoF shall be in a forrn
<br />'�'���'� �� acceptable to Lender and shall include a s[andard mortgage clause in favor of and in a form acceptable to I.ender.
<br />_;,.,;�=•. Lender shall have tha right to hold the policics and renewals thereof,subject to the terms of any mortgage, decd of trust
<br />°�eL=�:�::.. or other securlry agreement with a lien which has priority over this Deed of Trust.
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<br /> _-- � ��"-r, In the event of loss,Borrower shall give prompt notice to the insurance carrier and Lender. C.ender mny make proof
<br />-"%=`�.�;, . of loss if not madeprompdy by Bonower.
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<br /> —_a_-�•-• If the Property is abandoned by Bonower,or if Bonower fnils to respond to Lender within 30 days from the date notice
<br />,._��''��'",�� is mailed by Lender to Borrower that the insurance canier offers to settle a claim for insurance bencfits, Lendcr is
<br /> 'F`'�;�-��-�--'� authorized to colle�t and apply the insurance proceeds at Lender's option either to restoration or repair of the Property
<br /> �='�'�' or to the sums seciued by this Deed of Trust.
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<br /> - - �: .�.'�� 5. Preservation nnd Malntenance of Property; Leaseholcis; Condominiutns; Planned Unit Dcwelopments.
<br />�,a:'� `'•:� Bonower shall kecp the Property in good repair and shall not commit waste or permit impaimnent or deterioration of
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<br /> _,._�,,,,,,,_,,, the Property and shell comply with the provisions of any leasa if this Deed of Trust is on a leasehold. If this Deed of
<br /> --�_��.;s;;� Trust is on a unit in a coadominium or a planned unit development,Borrower shall perform all of Borrower's obligations
<br /> ���`�' under the declaration or covenants creatin or ovemin the condominium or lanned unit develo ment, the b laws
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<br /> _+a�:��<i. . and regulations of t6e condominium or planned unit development,and constituent documents.
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<br /> --'r" ''`Y'"X 6. Protect[on of Lender's Security. if Borrower fails to perform the covenants and agreernents contained in this Deed
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<br />- . +� " . of Trust, or if any action or proceeding is commenced which materially affects Lender's interest in the Property,then
<br /> '� ' Lender, at Lender's option, upon notice to Bonower, may make such appearances, disburse such sums, including
<br /> ,;��;`��; reasonable attomeys' fees, and take such actlons as is necessary to protect Lender's interest.
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<br /> ���� Any umounts disbursed by Lender pursuant to this paragraph 6, with interest thcreon,at the Notc ratc, shall become
<br /> �' additional indcbtedness of Borrower secured by this Deed of Trust. Unless Borrower and Lender agrce to othcr tcrms
<br /> of payment, such amaunts shall be payable upon notice from Lender to Borrowcr requesting payment thereof. Nothing
<br /> , contained in this paragraph 6 shall reyuire Lender to incur any expense ar take any action hereunder.
<br /> �•�'��� � 7. Inspection. Lender may make or cause to bc made reasonable entries upon and inspections of the Property,
<br /> - provided that Lender shall give Bonower notice prior to any such inspection specifying masonable cause therefor related
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<br /> to Lender's interest in the Property.
<br /> $. Condemnation. The proceeds of any award or claim for damages, direct or consequential. in connection with any
<br />- condemnation or oiher taking of the Property, or patt thereof, or for conveyance in lieu of condemnation,are hereby
<br /> assigned and shall be paid to I.ender subject to thc terms of:uiy mortgagc,dced of trust or othcr sccurity agrcement with
<br /> Ia lien which has prioriry over this Deed ot Trust.
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