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<br /> � (Page 3 of 5) `a::�`'�-'-
<br /> � , . , , .;. ; * � ..� 106`799 :� �_-, ��:
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<br /> Unles.9 L.ender and Borrower otherwise agree in �vriting, any application of proceeds to principal shall not extend or ' e �--
<br /> pastpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount af the payment�. . __;.,�.
<br /> • If under paragraph 19 the Property is acquired by l.ender, Aorrower's right to any insurance policies and proceeds :_` . _
<br /> resulting from damege to the Praperty prior to the acquiaition shall pas.9 to I.ender to the extent of the sums secured by .r�_�_
<br /> ;«,.�.o
<br /> this Security Instrument immediately prior to the acquisition. ___..
<br /> 6. Preservation and Maiatenance ot Property; Leaseholds; Condaminiums; Planntd Unit Develapmants. ;`- '
<br /> ' _�..�.__.
<br /> � � I3orrower shall keep the Property in gond repair and shall not commit waste ur permit impairment or detcrioration o[ ,,,A_Fi� -
<br /> the Property and shall comply with the provisions of any lease if this Ueed of 'l'rugc is un a laasehuld. If this Deed of -^,�
<br /> Truat is on a unit in a condominium or a planned unit devQlopment, Horrower shall perform all oi Harrower's :���_F__
<br /> -�--�'"'` ` obligations under the declaration or covenantn creating or governin�the cnndominium or plunned unit devvlopm�nt, the ,;:_�_ _
<br /> �" by-laws and regulationa of thn condominium or plenned unit develapment,and conatituant documents. �;.�
<br /> 7. Protection af Lenders Securtty. If Horrawer fails to perform the covenant� nnd agreementr; contained in thie -
<br /> lleed at'I'ru.st, or if any action or proceeding is commenced whicii meterielly aftect� I.ender's intereyt in the 1'roperty,
<br /> ' thsn I.onder, et I,ender's option,upon notice to Horre�wLr, may make Kuch np(xarencrs, dir�burr,c: �uch gum�, including -
<br /> E• reasonable attorneye'fees, and take such actian ae ie nece:��ary t�� prutect L�nder's interest. It l�;nder reyuired martgega
<br /> a `
<br /> • in9u�eneG ea e condition of making the loan r,cc;ured hy thiA lh:ed c�t'1'rust, }iorruwer ehxll pay the premiumR rr.c�uired to '.�
<br /> } mainuin Auch ineurance in eKect until such time nA th� rcyuirement lor euch ineurunco terminatrs in nccordencn with _
<br /> }3orrower's end I.ender's written agreement ar applicabl� lew. AnY amountw disbure,ed by l.ender �ursuant to thiR
<br /> . paragreph 7, with intere.gt thera�n, et the applicable ccmtract rate, 9hall become additional ind�btedna�.q ��f 13��rrc�wer -
<br /> secured by thie Deed af Trust. Unless llnrrower �nd I.ender agre�e to otlier terme of �yment,such amount� shnll be '�1
<br /> ' payable upon notice trom I.ender to Borrawer requeAting paYment thereof. Nothing contained in thi�s paragreph 1 shall
<br /> require I..ender to incur any expense or tske any actian hereunder. "�-
<br /> 8. Iaspection. I.ender may maka or cause to be made reasonable entries upon end inspectione ot the Property, �''�
<br /> provided that L.ender shall give Bonower notice prior ta any such inspection specifying reasoneble cause therefor related �
<br /> F =
<br /> " to Lender's interest in the Property.
<br /> • 9. Condemnatioa. The proceeds of any nward or claim far damages, direct or consequantial, in connection with any
<br /> '�, condemnation or other taking ot the Property, or part thereof, or for conveyance in lieu of condemnstion, are hereby _
<br /> .��,.:;�.
<br /> assigned and shall be paid to Lender, subject to the terms of any mortgage, deed of trust or other security agreement
<br /> � with a lien which has priority over this Deed of Trust.
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<br /> �,�'.� 1Q.Borrower Not Released; Forbearsnce By Lender Not a Waiver. Extension of the time for payment or
<br /> :': -' y modii�cation of amorii�ss iio�, af t�-�:>�::.���:.�u"��Y th'-'��d of Trust �ranted by Lender to any successor in mterest
<br />_:.:.� 4 uf Borrower and all other parties who are or hereafter become secondarily liable shall not operate to reiease, in any
<br /> ��'�'±��� manner, the liability of the original Bocrower and Borrower's euccessore in interest. Lender shall not be required to
<br /> commence praceeclinge ageinst such successor or refuse to extend time for payment or otherwise modify amortization
<br /> of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrowar's
<br /> � successors in interest. Any torbearance by Lender in exercising any right or remedy hereunder,or otherwise afforded by
<br /> applicable law,shall not be a weiver of or preclude the exercise of any such right or remedy. _
<br /> I1.Successors and Assigns Bound; 7oint and Several Li�bility; Co-si�ncrs. The covenants and agreemants ,�-
<br /> herein contained ahall bind,and the rights hereunder shall inure to, the respective successors and essigns of Lender and �:.�
<br />- Borrower,subject to the provisions of paragraph 16 hereof. All covenants and agreements of Borrower ehall be joint and �
<br /> `�:�;.;r, . sev�ral. Any Borrower who co-eigns this Deed of Trust, but does not execute the Note, (a) is co-signing this Deed of
<br /> ,:�:;:;;,� : Trust only to gcant and convey that Harrower's interest in the Property to Lender under the terms of this Deed of Trust,
<br />�.::.�,�:, '`°,,��' (b) ia not personally liable un the Nate or under this Deed of Trust, and (c) agrees that L.ender and any other Borrower
<br />-��i-;•. ':'.�.;• ' hereunder may agree to extend, modify, forbear, or make any other accommodations with regard to the terms of this
<br />- -....•�.;•:.:
<br />_,;'. •�,' :',;� I)eed of Trust or the Note,without that Barrower's consent and without releasing that Borrower or modifying this
<br /> _;���. , of Trust as to that Bonower's interest in the Property.
<br /> �' l2.Notice. Except far any notica required under applicable law to be given in another manner, (a) any notice to
<br /> :, ,;,� � $onower provided for in thie Deed of Trust shall be given by delivering it or by mailing such notice by certified mail
<br /> ,,.,;�,.;: addressed to Borrower at the Property Address or at such other address as Borrower may designate by notice to Lender
<br /> `" •' ' • as provided heroin,and (b)any notice to I.ender shall be given by certified mail to Lender's address stated harein or to
<br /> ="� w�•�,`•� ' such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in thia _
<br />---�'"';,Y;`,,. Deed of Trust shall be deemed to have been given to Borrower or I.ender when given in the manner designated herein. _
<br />_��-' ,;�.;;;�"- . 13. Governing Law; Severability.'The state and local laws of the jurisdiction in which tPhP y roperty is located shall ___________ _�
<br />- .'�;.� "r'ti•,; ' apply except where auch laws conflict with f�ederal la�v; in which case, Federal law shall a l In the event that any ,���:��
<br /> ,. -_��-,
<br /> � ' '�' ' provision or clause of this Dced of Trust or the Note conflicts with applicable law, such conflict shall not affect other '�a,. �,±��
<br /> t provisions of this Deed ot Trust or the Note which can be given effect without the conflicting provision,and to this end _ ��•--:_
<br /> :c-we.w,ucvar.az,u,
<br /> Q:r�--_,an��-,-�:.-__
<br /> .� � the provisiona of this Deed of Trust and the Note are declared to be severable. As used herein, "costs," "expenses."and �`,_
<br /> "attorneya fees" include all sums to the extent not prohibited by applicable law or limited herein. ���'+,_ �,�.v� -,t.•�.
<br /> y �...wi•�; .
<br /> 14. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Deed of Trust, if .,;. �X��
<br /> requested,at the tima of ezecution or efter recordation hereof.
<br /> 15. Rohabilitation L�an Agreem�nt. I3nrrower shall fulfill all of Borrower's obligationa under any home ;����'��,��-
<br /> ' rehabilitation, improvernent, repair, or other loan agreement which Borrower enters into with Lender. Lender, at �:.�q�z�:.''
<br /> Lender's option, may require Borrower to execute and deliver to I.ender, in a form acceptable to I.ender, an assignment
<br /> ' of any rights, claims or defenses which Aorrower may have againet parties who supply labor, materials or services in
<br /> --._ _ . . . . . ...,- -- .L_ n_.....,....
<br /> :..__._ . _ .__
<br /> . connection witn�mprovemcmu �nnu��� .��o.��,,....,. -
<br /> 16. 'I'ransier ot the Property. If Horrower sells or transfers all or any part of the Property or an interest therein,
<br /> excluding (a) the creation of a lien or encumbrance subordinate to this Deed of'I'rust, (b) a tranafer by devise,descent, �
<br /> � or by operation of law upon the death of a;oint tenant, (c) the grant of any leasehold interest of three years or less not
<br /> containing an option to purchase,(d) the creation of a purchase money security interest fnr household appliances,(e) a
<br /> transfer to a relative resulting from the death of a liorrc�wer, (f)a transfer tivhere the spouse or children of the Borrower
<br /> - ' become an owner of the property, (g) a transfer resulting from a decree of dissolution of marriage, legal separation
<br /> agreement, or fram an incidental properry settlement agreement, by which the spouse of the I3orrower becornes an i;
<br /> �
<br /> 0�-30•84 D�td ot Trust NE ORIGINAL III��pN�,ppIII�II��I�I�I�IIIINItlIIIIIX�IIIIIIIII;��IIIaIII�II�I�II�HN NEOOl923
<br /> � �II I� 11111 IIII{ Illql i 11 II
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