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<br /> • � � ' licntion o! roc � rin�i al shall nat extend ar
<br /> �' . , �, Unless Y.ender and I3orrowa otherwise egree in writing, any npp P �°.� p p -
<br /> t poetpono the duo data ot tho monthly paymenta reterrai to in p�ragnpha 1 and 2 or chan�the smount ot the paymente. �.����
<br />- ' li under para8aph 19 the Property is acquired by i.onder, Horrower's right to any insurenco policies and pracesda
<br /> ° resulting iram damage to the Yroperty prior to tho acquisition sh�ll psss to l.ender ta tha extent oi the sums secured by _--
<br />=�;,,�:��:. thie Security lnatrument immediately priar to the acyuisitiun.
<br /> 6. Preservation and Mdnton�nce ot Property;
<br /> l.eaieholds; Coadominiums; Pl�aaed Unit Devolopments.
<br /> Borrower ohnll �xp tho['ruparty in gor�repair nnd nhatl not cornmit wasta or permit impairment or deteriorntion�f „�_
<br /> .� �� thn Property and shall comply with the provielons ot any lease if this I�ed�mower ahell pertorm�iall ioi Bonow r's c
<br /> �, � Trust ia on s unit in a condominium or s pinnaod^unit'developmen^�dominiucn or plsnned unit dnvelopment,tha -
<br />';,.r� obligationa under the doclarntion or covenania�►cet►����. s�•��e •-- ---
<br /> - - by-lawe and regulationa of the condominium or planned unit development,and constituent documents.
<br /> ���'� 7. Protection o�T Londor's Security. Ii Borrower iails to perform the covenants end agreements conuined in this
<br /> Deed oi Tnst.or if any actioa or proceeding is commenced which materiallY aHects k disburse s h sums, n luding - -
<br /> ° ' t h e n L o n d e r, a t I.e n d e r's o�t i o n, u p on notice w Boaower, may meke such appearances,
<br /> '�.'`��'.- reaGOnnble ettorneys[ees,end tako such action as is necessary tm protect B��ower shnll tpay ha p em uma requ rod go
<br />'�'..��•y`��r�.� i n s u r e n s e a s a.c o n d i t i o n o f makin g the loan secured by thie Dcera af Truat,
<br /> =�':+ maintain such insurance in effect until such tima es the require:�cn t for s u c h i n s u r a n c e t e r m i n a t e s i n a c c o r d a n c o w ith
<br /> .,°��rp{+{w•1j� �nower'$ snd I.ender's written agreement or applicable law. Any amounts disbursed by Lender pursuant to this
<br /> - "'���''3� �tngnph 7, with interest thereon. at tha applicable contract ratc,shell become additional indebtedness of Borrower
<br />,�.',' sacured by this Deed of Z'rost. Unless Horrowar and Lender egrco to othts' terms of�►yment,such amounts shell be
<br /> 1�*`•t � payable upon aotice irom I.ender tn Borrowe�' re9uesung payment thereoi. Nothing contained in ttua paragraph 7 shnll
<br /> � ' . � require L.ender tv incur uny expense oc take e�►Y 8ction hereund�r.
<br /> - -. ;,�,�� S.Inapoction. I.ender may make o=���t rior to any su�ch i anspection specifYn B re�na lelcause thcrefor r ated
<br /> � .,� ' pro v i d e d t h a t L e a d e r e h a l l g i v e B o n o w p
<br /> .;:;�.;'?=.;;;;: to Lender's inkrest in ths Property.
<br />`�4••;'�' �' 9.Coademnntioa.The proce.�ds oi any award or claim for 3amages,direct or consequentiel, in cotuiecuon with any
<br /> a��s�
<br /> ,�..,.,..�, condmnnetion or other taking ot the Property, or part thereof, or for conveyanca in liou of condemnstion, are here y
<br />.,;;a�„' �aignod and shall be paid to Lender, subject to tho terme ot any mortgage, deed o4 trust or other security agt�eement
<br /> --�•"��'� � with a lien wtuch has priority over this Deed oi Trust.
<br /> �_�°=�+�t 10.Sonoaer Not Released; Forbesraaco By Lendcr Not a Waiver. E�ttension o4 tho time [or payment or
<br /> ����^�--� moditication of amortization oi the sums securai�y iriio� a�T�;,•* �ntr� by Lender to anY s��r in interGSt
<br /> ''�.VT,:'R.` .
<br /> ±�r+�,;�.. of Bomoxe.r and ell othor parties who er� or hereatter become secondarily liable shall not operate to releese. in any
<br /> ;_�:?«"'<;.,
<br /> „,,�:��,o mannrr, the lisbility oi the origin�l Borrower and Borrower's successc�rs in interes� �.ender shall not be roqtur to
<br /> commence prceeodin88 against suoh successor or refuse to extend time for payment nr otherwise modiiy amortixntion
<br /> �_:>p��:.�a of tho sums secured by this Dcod of Trust by reason of any demand made by the original Borcower and Borrower s
<br /> - --� surcessors in interest.AmY forbearance by Lender in exercising anY right or remedy hereunder,or otharwiso afforded by
<br /> -- e�lic�ble law,shall noi btl a waiver of or preclude the exercise af any such right or remedy.
<br /> - ---— 11,�ucceasors and Assi=ns Bouad; Joiat aad Severd Liability; Co-sijnors. Tho covenente and agreoments
<br /> �`v�� herein a:ontained ahell bind, and the rights hereh 16 hereotf.lAll covenantc+and agreem n�of Bonoaw�ecs hall be joant and
<br /> ---- Bqnower,subject to the provisione ot paragrep
<br /> several. Any liorrower who co'signs this Deed oi Trust, Uut das not axecute the Note, (a) is co'signing thie Dxd of
<br /> Trust only to Brant and convep that Borrawer's inurest in the Pmperty to Londer under the terms of this Decd ot Trust.
<br /> -----��— (b)ie not pareonally liable on the Note or under thia L�eod ot Trust,and (c) agrxs that Lender and nny othec Borrower
<br /> henunder may agroe to extend, :nodify, forbear, or make any other accommodations with regard to the terme of this
<br /> � Deod oi Trust or the Note,without that Borcov.rer e oonsent and without releasing thnt Borroaer or modifying this Deed
<br /> of Trust es to thet Borrawor e interest in the Property.
<br /> �"'"��''� 12. No�tico. Except for any aotice required under applicable law to ba given in another manner, (a) any n�tice to
<br /> Botrower�rovided for in thie DeEd of Trust shalt be givea by delivering it or by msiling svch notica by c.erti�tied r,►�il
<br /> flddreseed ta Botrower at the Property Address or at such other eddress as Borcower may designate by notice to Lender
<br /> es F,rovidod herein,and (b) any notice to Lender shall be given by certified meil to Lend�r's address atatod herein or to
<br /> such other address as Lender may designate by notice to Borrowar as provided herein. Any notice provided for in this
<br /> Dad vf Ttust ehall be dcemed to hnve bcen given to Bocrowes ar Lender whon given in the menner designated herein.
<br /> �_�=��j 13. Governint Lae;Soverabitity.The state and local laws oi the jurisdiction in which the Propo�'ty is located shall
<br /> �----_--„�'� apply e:c8pt whero such laws conflict with Federal law; in which case, Federal law ehall apply. In tha nvent that any
<br /> �a�;�,�� provision or clauso of thie Deed oi Trust or the Note conilicta with applicable law,such conflict shall nnt affxt other
<br /> v��;;-*+*��- provisions oi this Deed of Trust or the Note which can be given effect without the contlicting provision,and to this end
<br /> �:-%=°+�� tho provisions of thie 1�eed of Trust and the Nate are declared to bo severable. Ao us�d herein. "costs," "expenses," and
<br /> "'''��A�'�='`�� "attorneys'fas" include all sums to the extent not prahibited by applicable law or limited herain.
<br /> ^�:�;�.:.:::..�..s .
<br /> � 14. Borrower s Copy. Borcower ahall be furnished a coniormed copy of the Note and of this Deed of Trust, i
<br /> roqucstai� at th�time of execution or after reomrdation hereof.
<br /> ' � . -�- �� l5. Rehabilitation Loan A=reomeat. Borrower shall fulfill r►11�f ���ters �nt�with Leader. J..ender, at
<br /> �" rohnbilitation, improvement, reFair, or other loan agreement whtch
<br /> �;.,.,,n��•� Lender's option. may roquire Horrower to axecute and deliver to Lender,in a form accaptable tn Lender, an sseignment
<br /> nf anv riehts. claims or defenses which Borrower may hnve against parties who supply labor, materials or sorvices in
<br /> - � � :ti�;�.�: connection with improvements made 4o the Yropercy.
<br /> i'"'�""� �' 16.Traneter of the Property. If Borrower sells or transfers al] or any part ot the Property or an interest therein,
<br /> • ' excluding (a) the creation of a lien or encumbrance subordinate to this Dced of Trust, (b) a transfer hy devise,descent,
<br /> ' � � • ot by opei�atior, ot la�v upon the death of a joint 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 fior household appliances, (e) a
<br /> transfer to a relative resulting fram the death oi a Borrower. (t)a tranafer�vhere the spouse or children of the Borrower
<br /> become an o�vner of the property. (8) a transfer resulting from a decree of dissolution of marriage, legal separation
<br /> � ,• . agreement, or from an incidental property settlement agreement, by which the spovse of the Borrower becomes an
<br /> OE•]O'9�Dud ot Truat HE ORt01NAl I�����'��������������� Nfi007897
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