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<br /> Any dder��of the'Rlder shal amend and supplme nt the covenxnts and agreements rof this dDeed of Trustt a.91t ' ��.�_''
<br /> agrecmer�9 �
<br /> the Itider were a pan hereuf. � � .
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<br /> Borrower covenants that Bonower is lawfully seized of the csiate hereby conveycd und has the right to grant and canvey _
<br /> the Properry. and that the Propeny is unencumbercd,cxccpt for cncumbrances of record. Borro�ver covenants that
<br /> � Borrowcr warrants and will dcfend generally the tide to�he Property ag�inst all clalms And demands, subject to :,�� h..�„W_,ti_-.
<br /> - encumbrances of record. ���± -
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<br /> UNIFORM COVENANTS. Boaowcr and Lender covenant and agree as follows: _t _,��.---
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<br /> 1. Fayment ot Princlpel and Interest. Borcower shall pmmptly pay when due the principal and intenst indebtedness �,;°:,___�_ `
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<br /> evidonced by the Note and late charges as provided in the Note. This Deed of Trust secures payment of said Notc j;.=
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<br /> : aecording to its terms, which aze incocporated herein by rehrence. ;,_
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<br /> � Z, Appl(cation of Paymenta. Unless applicable law provides otherwise, all payments received by Lender under the -_-_--
<br /> N�te and paragraph 1 hereof shall be appliu!by Lender fuat to interest due on the Note,second to the principal due _-
<br /> on the Note, and then to late charges due on the Nota ��_�,_,m
<br /> � 'or Mort a es and Ileeds of'It'ush, Ct►arges; Lfeas. Borrower shall Perform all of Borrower's obligations, ___—__
<br /> 3. Pra � B
<br /> under any mortgage,d�ed of tmst or oth�r securiry agreement with a lien which has priority over this Deed of Tcust, �„�:.'-
<br /> • ",'� iqcluding Bonower's covenants to make payments when due. Borrower shall pay or cause to be paid all taxes, ���u,
<br /> assessmenu and other cbarges, fines and impositions attributable to the Property which may attain a prtority over this �;__-_
<br /> Deed of Trust,and leasehold payments or ground reats. if any. �:;`_
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<br /> ' 4. Hezard Insurance. Borrower shall kecp the improvements now existing or hereafter erected on the Propeny --.--
<br />- insured against loss by fire,hazards tncluded within the term 'extended coverage". and such other hazards as I.ender =
<br /> ____..� mav require and ia such amouats and for such periods as Lender may require. -
<br />'�• The insurance carrier providing the insurance shall be choson by Borrower subject to approval by Lender;provided,
<br /> � that such approval shall not be unreasanably withheld. All insurance policies and renewals thereof shall be in a forra
<br />- • acceptable to Lender and shail include a standard mortgage clause in favor of and in a form acceptable to I.ender.
<br /> � Lender shall have the right to hold the policies and rene�vals ihereof,subject to the terms of any mortgage,dad of trust
<br /> - or other securlty agreement with a lien which has priority over this Deed of Trust.
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<br /> ' - • In the event of loss,Borrower shall give prompt notice to the iasurance carrler and Lender. Lender may make proof
<br />"*`'"'��' ' `! of loss if not made promptly by Bonower. --
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<br />�A,�;���•'.' If the Property is abandoned by Bonower,or if Borrower fails to respond to Lender within 30 days from the date notice
<br />_�c��.•.��.�� is mailed by Lender to Borrow�r that iha insurance carrier offers to settle a claim for iasuraace benefits,Lender is
<br /> t -"' • ' authoriud to collect and apply the insurance proc.eeds at Lender's option either to restoration or npair of the Property
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<br /> - -� or to the sums sesured by this Deed of Trust.
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<br />-� • �"� Le�seholds; Condaninlums; Plannal Unit Devdopmeats.
<br />-;'s,,.;:�•�� S, pceservatlon and Mnlntenance of Propercy;
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<br /> _ Botrower sball keep the Property in good repair and shall not commit waste or permit impairment or deterloration o
<br />''- - =�- the Property and shall comply n�ith the pmvisinns of any lease if this Deed of Trust is on a leasehold. If this Deed of `�� -
<br /> ����t�.....�. T:ust is on a unit in a condominium or a planned unit development,Borrowet shall perform all of Borrower's obligatious
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<br /> _..,;;.,�.......�. u n der the dxlaradon or covenants creating or govecning the condominium or planned unit development, the by-laws
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<br /> •�;�,.;_,,.;._ .. and regulations of the condominium or plaz�ned unit development,and constituent ocuments.
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<br /> - ' '-`' '� � 6.Protectlon of Lender's Securlty. If Bonower fails ta perform the covenants and agreements contained in this Deed
<br /> = � of Trust, or if any action or procceding is commenced whieb materially affects Lender's lnterest in the Property.then _
<br />. Lender, at Lender's option, upon notice to Borrower, may make such appearances, disburse such sums, including �`.. --._
<br /> • reasonable attorneys' fees,and take such actions as is necessary to protect Lender's interest. .�,-�:,_
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<br /> - p,_ Any amounts disbursed by Lender pursuant to this paragraph 6,with interest thereon,ac the Nore rate, sLall become :Y fA.� _T
<br /> j, � additional indebtedness of Borrowcr socured by this Deed of Trust. Unleas Borrower and l.ender agree to other terms ..� _
<br /> of payment,such amounts shall be payable upon notice from Lender ro Borrower requesting payment thereof. Nothittg ' �;�,S�x -
<br /> � contain� in this paragraph 6 sha11 require Lender to �nar any expense or take any action hereunder. �;--:�>---.
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<br /> . .. 7, Iaspect[on. Lender may make or cause to be rnade reasonable entries upon and inspections of the Property, ,, ,. • _,S:..
<br /> orovided that Lender shall give Bonower notice prior to any such inspection specifying reasonable cause therefor related [ .
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<br /> to Lender's interest in the Propeny. - "�
<br /> I8. C o n d e m n a t i o n. T h e proceeds of an y award or claim for damages, direct or consequential,in connection with any
<br /> � condemnation or other taking of the Property,or part thereof, or for conveyance in lieu o f con detnnation,are here b y
<br /> I assigned and shall be paid to Lender subject to thc tcrms of any mortgage,deed of trust or other security agreement with
<br /> � a lien which has priority over this Deed of Trust. �
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