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<br /> ,��d,��'�:' COV�NANTS 9'T� 1��I�g�
<br /> - -�°.� 1, p�ym�nt�. Borrowsr oprs�s to m�k��II p�ymsnt� on the secured debt whrn due. Unlesn Borrower snd Lender apne ot rwu, �ey
<br />_ .,,�, payment�Lender receive�from Borrawer or tar Borrower'e beneiit wlll be epplled ilrot to any amount�Bor►owe►owei o�tt►���ctx�d d�bt �
<br /> exclusiv�of IntK�st or prinalp�l,s�cond to int�re�t.�nd than to princip�i.If pvtial prspayment of the s�cured d�bt occun fot rny noton,it will
<br /> �.., � nat reduce or exeun�ny�ch�duted Wymmt until ths ucw�d ddbt is paid In fu11: _
<br /> , 2.Cldma ApMn�t TIH�.Borrower wil pay a0 t�xes,assessmente,and othsr chKgse sttNbutabie to the property when dua and wlll dof�nd titb `
<br /> to th�plop�r�y ay aintt any cl�lms wNch would impslr ths Ilen of this d�sd of uust.I.snder mey requ�re Barrower to esslpn any rlyht�,cltlma or L_-
<br /> ..,t r' d�i�nau whloh eorrow�r may hwa paimt panies who supply labor or materlata to Improve or malntaln the property. _
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<br /> � 3.Inswane�. Borrow�r will keep tM property insured under terms accept�bie to Lender at Borrowor's expanae and tor Lender's benetit. AA
<br /> insurence poticlee ahali include e btudsrd mortgage cleuae fn favor of Lander.Lander witl bo named es loss payee or es the Insured on eny such �•
<br />�' °� � � a to tM a uiYid dibti If Len�dcerPeq�ir s�mo�rty pe iniurince�t Bor owerrsgrees�toimelntain iuch Insurance for ai lony�es Lsnda requrei roporty �
<br /> ����r`�� 4.Propery.Borrower will keep the qoperry in pood eonditlon and meke n1i repaire reesonably neceesery.
<br /> !i,Exp�nui.Borrower apreea to p�Y all Lender's expenaes includlnp reasoneb�a ettorneya'fees,if 8orrownr hreeks any covenpnte dn this�f¢�ed
<br /> T - -r of aust or in any abllgation secured by thls deed of truet.�orrower wtll pay theee amounts to Lender ea providod in Covenant 9 ot thi�deo�ot _
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<br /> � 8.Pi(a S�cu�1ty tnt�nsb.Unleas Borrower firet obtalns I.ender's wrttten consent. Borrowar wlll not make or permlt eny c�art�pes to any prtor _
<br /> seaurity intena►�. Borrow�r wlll pMorm all of Borrawer'a obligationa under any prior mortgege, deed of crust or other smcurity agreemenL _
<br /> • Inoludinp Borrower'�coven�nti to m�ka p�ymsnts when due. �•
<br />,� � 7.Assl�nntMt ot RMts�nd Proflt�.8orrower ass(gns to Lender the tente and profits of the property.Unlese 8orrower�nd Lender I�ave agr�eod
<br /> '���"'"'�� otherwise in writinp, Borrower ma�cnllect end retaln ths rents as lonp as Borrawer fs not In default. If Borrower defeuhs, Lender,Lendpr's
<br /> '� � egent, or e court appointed receiva maY take possesaion and manage the property end collect the rents.Any rent� Lender collects ihall be
<br /> �;,r„ applled first to the cost�of m�na� the property, including court coate and attorneys' feea, commiselons to rental aeonts, and any otMr
<br />•_�:,:�.;:•,�;s necessary related expanses.The remeTnlnp amount of renta will then appty to payments on the secured debt as provtded in Covenent 1.
<br /> '�''•� ��'� B.L�as�holds Condominium�i P��� Udt D�vdopm�M�.Borrower egreea to comply with tfie provisiona of any lease N thia deed of trutt fa on
<br /> '" under ihs�co#nsnu by liwa or rep�lations�of the eondomfnium oi pisnned unit dovelopment nt, 6orrower wltl peHorm a0 ot Borrower'e dutlea
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<br />- • 9.AuthodH of L«�d�►to PKtorm 1a Borrow�r. U Borrower falla to perform any of E�orrnwar's dutles under thia deed of Vust, Lender m�y
<br /> � pertorm[he duties or cau�e them to be peHormad.lender mey niqn B�rrowe►'s name or pay any amount if necesaery tor performance.Ii any
<br /> •� '•� conatruction on thepropeny is disconti�ued ar nat oarried on in a reeaonable mannar,Lortder mey do whatever Is necessnrv to protect Lender's
<br />"'�:•°�:, socurity Intentt in th�property.4'Qds maY Indude�ompletinp the conttructlon. _
<br />�:,.:,�.;�;{ Lander's faituro ta por(orm will nos peclude LervJer hom exerciainfl any of itc other Hphta under ihe lew or this deed of truat. -
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<br />:,-;'� �� iri�wi I tierr�inie�►esi�trom the daie of the�p�ymant untii pa dtin full at�the0lnto estiate In ieNeci on ths secuurod debt untc will 6e due on demand
<br />:�,��r 'r 10. Q�fwtt �nd Aeo�ntlon.If 8orrower faib to make any payment when due or breeka eny covenants undor this deed of t►ust or anY
<br />::�:�° obliflaUon sscura¢i by thit deed of nust or aay prior mortgape or daad of trutt, Lsnder may accelerate the m�turity oi the aacurod dabt end _
<br /> =;':�.?S�3'' demend ImmediaSe payment and mp i�voke the power of salo and any other romedies permltted by applic�ble law. _
<br />'�=7,}''.--'r-# ._.,. 11.R�qwst ia WoUe�of D�fwfR.It ia heroby roquested that copies of the�otieea of detauH end sale be eent to each person who is a parry
<br /> ---- ;r�;��;, hpr6t0,�t ths a�dra�s 0T�acn sucn psrson,ws an�iof ii�r�ar:i,:.
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<br /> "'"—`I.'iS'hG'j'''; : 12•Pow�t of S�M.If the Lsndsr imoke�the power of sele,the Tructeo sh�Q firat rocord(n tho oNice of the repister ot deeds of each eaunry
<br /> ,,,:��;,;,�_�_ whenin the Vutt propety or sorn�psr't or psrael themof le situetad a notice of dsfeutt contalnin4 the intormatbn roquirod by law.The'Crua�ea
<br /> -- shall also mail aopies of the ootic�of defsult to ths Borrawer, to eeah person who ic a pany hereto, and to other petsono atprsscribad Dy
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