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<br /> Unle�o L.ond�er and Horrower otherwieo agree in writing, any applicitlon of proceoda tu principal eliall �iat extettd or
<br /> pc�stpane th�duo deto of tho monthly peyments referred to in paragre�phs 1�nd 2 or chango the amount ot thn payment�.
<br /> I! under panQr�ph 19 the Property is acquired by Lender, Aorr�wer'e ri�ht tu any insuranco pc�licies and procoede
<br /> reaultin�trom dtnsaso to the Property pttor to the acquiRition ehall pese to Lender ta tho extent ot tha sum�socuted by
<br /> thld Security lnatrument immedistely�xior to tha acqulsitian.
<br /> 6. Pre�erv�tion and Maiaten�ace ot Proporty; Lets�holdr, Coadomiaiumr Pl�nned Unit Developmonte.
<br /> Borrower ehell keep thd Prnperty in�ood npatr�nd shall not commit w�ete or permlt impairment or deteriorattun of
<br /> the['roperty rnJ sli�ll con�ply with the provirions ot any lense, it thie Decd at Truqt is on a leacehold.If this Doed of „�,� �
<br /> Truet ie on a unit in a condominium or � plu►ned unit developmont, Borrowor ehall perform nll oi Horrowor's `
<br /> obli�tions under tho decl�ration or covenanta crating or governing the condominium or plannod unit dovelop:neat�the �
<br /> by-l��ve and re�ulationa oi tho wndominium or planned unit development,tnd constituont dacumenta. 4
<br /> ?. Protectlon of I.endor'e Security. It Bonower tails to pertorm the covenents end egreements contained in this �
<br /> Deed ot Truet� or it eny ietion or proceedinQ ie commenced which metori�lly aftects Lender's interest in the Property,
<br /> then Lenckr, at I.es►dar'a option, upon notice to Bonower. may make euch appearsnces. dishurse such sums,including
<br /> eaeonoble attorneys'teee,and take such action es is necesRUy to prouct Landar's intereat.Ii l.ender required mortg+ige .�
<br /> insuranco as a conditian of maicing the loan exured by this Dad of Trust,Iiorrower shnll pay the premiume roquired to
<br /> cndntaia such insurtnce in efixt until such time �s tho requirement tor such insusance terminatea in tccordance with '"
<br /> Borrowor's end Lender's written agrament or applicablo law. Any arnounts disbursed by I.�nder purswnt to this
<br /> pua�raph 7, with interest theroon, at the applicable contract rau, sl�all bocome additional indobtedness of Botrower
<br /> secured by t4is Deed of Trust. Unless Borrower and Lender agree to other terme oi payment, such amounts shsll be
<br /> p�yable upoa notice from Lender to tiorrower soquea�ing payment theeeot. Nothing contained in this pen+gMPh 7 shsll
<br /> require Lender to incur�ny expease or take�ny�crion hereunder.
<br /> 8. laapectiun. Lender may meke or ceuse to bo made reasonable eatries upon and inspecdoncs ot the Property,
<br /> p[ovided ttut Lender sh�ll glve Horrowor notice prior to any such inspection specifying reasonable cause theretor relatod
<br /> to L.eader's intereat in the Property.
<br /> 9. Condemnatioa. The ptocooda of ary award or claim for damagos.direct or consequential,in connection with�ny
<br /> coademnstion or other takii�g of the Property,or pirt thereoi,or ior convoyuice in lieu of condemruttion,uo hereby
<br /> aesignod and shull. bo paid to Lender. subject to the terme of any mortg+ge,deed oi trust or other security sgreesnent
<br /> with s lien Nhich hae prlority over thie Deed oi Trust.
<br /> l0.Bonower Not Relesaed; Forbeannco By Lender Not a W�iver. Extension of the tlme for payment or
<br /> moditication of amortiutioa of the a-oms exured by this Dced of Txust�ranted by I.endar to any succ�sor in intarest
<br /> ot Horrowa and dl other petties who are or hereaficr ba:�.��a s�on�ily liabla shsll a�t��+!�_*�!ti tn ralease. in anY ,
<br /> m�nner, tho liability of the original Borrower and Bortower's successore in interest. Lender shall not be requitod to
<br /> commea�ro Proceed►n8a a�ainst Buch successor or ntuae to extend tim� for pa�yment or otherwise modify�mortiution
<br /> ot the sums securod by this Deod of Truet by reasoa of any demand mide by the orig�nal Borrower and Borrower's
<br /> succoseors in iatereet..AnY forbearuice by Lemder in exercising an�r riBht or nmedy hereunder.or othawi�e�ftordod by
<br /> applicable laM,shsll not bo a xaiver of or preclude tho exercise of any such right or remody.
<br /> 11.Succossors aad As�Ip►s Bound; Joint aad Soveral Liability; Co-si=nere. The coveninte and agnemeats
<br /> herein vonuined shall bind,and tho ri�hte hereonder shall iauro w.the respective succeEeors aad essi�ns oi I.ender end
<br /> Borroxer,subject to the provisions of par�graph 16 hereof.All coveauate end agreementa of Borro�er shell be joint and
<br /> seyeral, ,Any Borrower who co'Bi�ns this Da�d of Truet, but doea not ececute tt►o Note, (a) is co'eignin�this Deed of
<br /> Tnurt only to gruit and convey that Borrower's interest ist the!'roperty to Lender undcr the tarma of thia Deecl ai Trust,
<br /> (b) ia not p�reottally liablo on the Note or umder thie Deed of Trust,ind(c)agrees that Lender and any othe�' Borrowe�'
<br /> herounder m�y agroe to extead. modify. torbear, or meko nny oth.a acwrnmodations with regud to the terxns of this
<br /> • Deed of Trust or the Note�without that Borrower's consent and without roleasing that BorroMCr or modityiag thie Deed
<br /> of Truet ae to that Borrower e inurast in the Property.
<br /> 12.Not�ce. Excxpt tor eny notica required under applicablo law to be given in another msaner, (a) �ny notice w
<br /> g�rtoNer provid�d for in 4hib I?�3 of",lrust ahcll be given by deliv►*�ng i�or hy mailing such notice by artiiiod msil =
<br /> �ddreesod to Borrower at the Property Addc�ese or nt such other address�s Bon'owar mry designate by notice to Lander
<br /> es provided herein,and(b) eay aotice to Lender shall bo given by cectitied mail to L.ender's addreas stuted heroin or w
<br /> euch other addtess es Leader may designite by notice to Borrower as providod heran.Any notice providod fur in thie
<br /> Deed oi Trust sh�ll be deemed to have ban given to Borrower or Leader whan given tn the manner designated harein.
<br /> 13.Governin=Law; Severability.Tho stata and local lawa of the jurisdietion in which the Ptoporty is located shall
<br /> •pply eYCCpt where such laws conilict with Pederal law; in which case,Federal law shill npply. In the event that any
<br /> provision or clause oi this Deed of Trust or the Note conflicta with applicable law,such conilict el�►tll not aftect other
<br /> provisions ni this Deed of Trust or the Note which can be given effect without the contlicting provision,and to this end
<br /> the provisions of thie Deed of Truat nnd the Nots are declared to be severable. As usad herein, "costs," "expanaes." aad
<br /> "attorneys'fas" iaclude all suma to the ortent aot prohibited by applicable lew or 3imited herein.
<br /> 14.Horrower's Copy. Borrower shall be furnishod a conformoa copy of the Nota and �f thi�Dad of Trust, if
<br /> teqtxstcd,nt the time of execution or after recordation hereof.
<br /> IS.Rehabiiitatioa Lwa A:reezneat. Borrower shall fulfill all of Borrower's obligations under any home
<br /> rehabilitation, improvement, npair, or other loan agnoement which Bonowor entare into with Lendor. Lender, at
<br /> Lender's option, may rayuiro Horrower to exxute and deliver w I,�nder,in a form acceptabla to Lendar,an assignment
<br />_ of any righte,claims or defenses which Bonower may have agaisut parties who aupply labor, materiels or servicee in
<br /> connection with improvements made to the Property. . , .�_ .,_____._. ____ •.. - .�.:..
<br /> 16.Tr�nsier of the Property. lf Borcower sells ot ttansiers aii or any par�v� at�o c tv�ot�� va wa iu��.�w. .+.........�
<br /> exetuding(n)the creation oi a lien or encumbrance subordinate to this Deed oi Trust. (b) a trensfer by davise,descent,
<br />= or by operation oi law upon the death of a joint unant, (c) the grent ot any leasehold interest of threc yeu's or less not
<br /> ° contnining an nption to purchase, (d) the creation of a purchase rnoney security ir►tereat for household appliances, (e) a
<br /> � tranafer to a relativo resulting from the death of a Borrower, (t) a transter where the spouse or children of thes Bonowar
<br />�� become an owner o[ the property, (g) e transfer resulting irom a decrce af dissolution of marriage, lvgal sepacation
<br />_� agrament. or from an incidental property settle�rant agreement, by which the spouse ot the $arrower becomes an
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