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<br /> �. � :���"� �:���' ��� �Page 3 vt S)
<br /> i.'��I�c; i,r.r,a�r a�ac� F34rr�;,wer �rt��e,r�vise �gree in a•ritin�;� an�° applie�i±<�i-� r>i procee�.'s to principal shali not cxtend t�r
<br /> �xr_=�,�c,,i;e �Iac d�re u:�t-�.cYf *.F:e nsor�tia3Y Payme�t,�refk.rred tU in para�rn�2;:; � a���� 2 or change th�arnount af the paym��ts.
<br /> [[ , .�dc•r �r,r��•rxph i� thr, Fre��e.rrty is arqTsir� by I_end�r. }3ci:rowc�r'� ri�,lit to any insurance pc�licies and '.s
<br /> �e:,�i�ti��; imm damag� to khz. I'�°c:�j�aerty prir�r tc� th�a�uisi�iasi shall �SS t.c� I.endtr t�the e�nt nC thc sarns sx»rcd r�.
<br /> th:s'�ie�ri�it}� Pnstr:�ment srxame��iate9r pri�r t�the acquir,iti�in. _
<br /> 6. Preser�•atiov �nd ;y4uin9cyxaincc of Praptrty: E.�axehoids; C.a�rrRarr�iniura9�; Pla�ined Uniz L1cr•c�n�mcnts.
<br /> F3c�rron�er shall k�ep the Pro��rti� in �r�d repair and ¢���11 n+�t cnmmit v�aste a�r permit impairmcnt or dct�rioration of
<br /> the Pro�crty srad sna11 c�omFl;� �ri'th� ihc prs�visian,� o� �a.n} ica�e if this De.ed of �'rust is an a lea�ehaid. Ii ihis 17�ed o€
<br /> "1'rust �s ;�n a unit in n ccincicaminium ar a F�lanned ��rcit developme:rtt,'$orrowcr shalt prrfarm atl of Borrawer's
<br /> abii���eians u+.��pr thp declaru:ic,�ri ar cav�n�ncs cr�.ating o�gr�verning tk�cande�iriinium oc�Slannod unit davelopment, thc
<br /> �y'la���s and regvta!ic�n.>a� thc cand�rttiR�it�m ar pl�nnu'i�init de��elopmtn�,and constitucnt docurs�er�t,5.
<br /> �. �raiectia�a oP �.es�der's Scc�rity�. If Bc.*ro�cr fai�s to perfurm the cavcnanis and agrecments c�nt.�ined i� this
<br /> L'7�r,�;�i af �ru�t, ar if an}° ar;:ian ar garescer.�ai�g is ccmmzs�c:� �vhi�h materialiy sffects I.e�der's inter�t in th�-Prdperty,
<br /> t.h,eii Lertci�r, �t �,,end�er'� vpticait, ug_�n nt�tice t� Burrower, wne.y makt �uch appearanccs� d1S�Dl�TSC 517CF1 SllfRSe inctud'eng
<br /> �eas�na�:r3c artarncys' f�es, an�E tz�ke �u�h action as is n.:c���-y to pratecY Lender s interest, If L.ertder re�uircd martgage
<br /> insuran�:c as � �onciitiun af n±aki:s� ihc loan s�ure:i b�' th.iw L`ct�d :�f Tru:��t, $�orrowcr shal! ��ay the prcnniums required to
<br /> s::aintaiia such insJrur,cG in efFc+.t �antil stx.:h timc �.s tt��e r�qziirez�;cni frar such insuranCr, tCCtri1I18tC5 tll flC�Ot(�BflCE W1I�1
<br /> E�iirra�er's and C�,�±der's written ���;reament or a��;s�.�;b?� ]a�•. Aay arrsounts �isbursed by r.endtr pursuant to this
<br /> pr�ragrflph ?, with intvi•c�t ther���n. at thc a�piicatle crar,:;�ct rate, sliall bccornc sdditionat indcbtedne� o� IIorrnwer
<br /> ��cur�c� �,,� this I:k��i ut �*:��t. t�nle� E3orrc�wer and T.cc:dpr agree tca nther tc�ms of ps3-rncnt, si�:h amoun*� :�hall be
<br /> �aya'�Ie up�rt ncz:ice from Lender to I3orr�w•e� reqves:i.rag �yment thcreol`. Nothin� cant�ine� ii� this paragraph 7 �•+`,all
<br /> .r�iiire Ivendr.r to inc�r atty' e!r�re.n.,e pr 2aKe a>>� act�nn 1,7CI�i�fl�CT.
<br /> �. Tns�scctiran_ �,c.�n:I�.r ma}� make ar cau�e to b� rr�ade reasona?�le ect;ie.s u�on an� inspections oi the F'ro�rt}•,
<br /> � p,-c�vid�°d 2hat I.enci�r sl:al! �ive �3orron-er r;a:ice gri��r tra an� such insp�c;*ion s�:=fyin� rcasnnable c:�use Yhercfor rclatcd
<br /> tq �,.C!',�Cf�S 1R4EIESt til tF1� PTCIr:��4}'.
<br /> 9. C:onu�rnnacion. "i`he i�rcaceeds of sny awar� or ,:l�in� fnr s}x:nages, dicecn nr cons�uti,;ti�1, in connectyon with any
<br /> cc�r;derrrn�ition c�� o;her Gz�k'sng of the Propert}�, or pt�rc Lhee-e.-�f, or for ca�n�ey�:nce :r. lieu of co���mnatior., arc i;�reb}�
<br /> a�i��ned an:� shal! i� paid ta I.end�r, sub,�ec:t to the terrr,s af a�;y mo�tg;a�bc, cleed of i:USt �r oi}ae� �c:4�ity ag�ement
<br /> n�ith a lie;n z��hicii I:as prii�r�i��� m�-e� this I]red of Tr��s?.
<br /> 10. B��rrc��r•�� Itit�t �2.�-tEa-cc1: Fc►r6earanc� F;y l.,endcr Not .e s'�'�i��c��. Extensio� of �!4e Lime anr taym�ra¢ nr
<br /> mndifi�:stion of amortiz��t:nn at' i::� Sit.•TaS :�Cl'UfP.r.! �}� �:�is Beed af 'I':7ast �;�anted �y I.ender ta �t�y succe�sor in intcr��;t
<br /> r�f �3orre����er and ali ather pa�rt:ps wCr.� arc ar t,�ersa[ter L�ecome sect�nc{arit!� '_iable shsit tiot. e�x^rat� !o reie.�se, in any
<br /> �n�nner, ;rf� �sd��r�±y oI tt�e orAginal Borre�-�er :�nd �rro��r's �accessoxs in in�»�st. L��nder sk�ail not � requircci to
<br /> cor;�mence prcx:�ec�irgs again�t si�ch sti:cc�ar �,_• r�.f�ue :t� e�te�d time f�ar �5•men: or ��thcrn�is.:. modify an��rtiz�t%.c�r.
<br /> c�f che sum:� se:curcd F�� :his l�eed of 'I'rusa b�� rLa,�.:n of An}' der:;and maiie by thc ot:r;ii;al l�nrrower a�el I3arrczwer's
<br /> su•:,:cssnrs �n ir.tUre.at. �5nv ioriac:arance hy �_.er:�ier 'r:°. cYer:�?�ir�� any rigt�i: hr rerncdy �:�rc�3r�:�cr. ar oiherwise BtfOr�]ecl h;.
<br /> ryp;�lica��e la,��, .hail not L�c a wa�ti•F:r ��f r.,r prrclude!�,e e!eercis:.nf any r;t►ch rig;t or remeciy.
<br /> l i. Su�cessr�rs a�n.d Ass�gns i,�und; Jaint snd 5er•cral �..l�!+i�ity; Co-si.gne:s. The cnvc�ancs and agcee.merits
<br /> tic�ein ccmcair�°.d stAa11 bind, and' th� rigii:s k*�reund:er stra�!1 i���ure t•�, :h� :�spectivc succCSS�rs and �sa:qrts of I.,Ender and
<br /> �3orrc���r�r, sub;�ci tq *h� pro��ision•� o[ par,agrapla it; hereof. Ald r.4�•ena�ts �,ne� a�rcements of Br�r;nwe;s;�11 bc jair�t nrtd
<br /> se:veraf. Any Rorrc�e;�er xho co-sigrs this I7ec�c1 of 1�r�rst, �;;t does not execu±e th4 Note, (a} is co-sigi::n� .�is D�..ed r,
<br /> Tru.�t only co grant anci cnnr�r.y ct�at :3o:;awer's ir�ter�t 'sn th�Propcst; to 1.c�der unda tho terms of this � �af 1'rast,
<br /> (b) is no' E:e�onaliy lia�ile ort the `Ivte nr v;,zder t�is I)er.� of Tru�t, �nd �ci a�re�s th�t Len�^r and any qtlier isor�+�aer
<br /> herr�unsier may agree t.� exte��d, mc2di�y�, fnr'�:ar, or make s:�y �;her ac.:orrtmoda3ions w;th rsgat�: tr� the cerms of ti,�s
<br /> �7t��d o► �rrc�rt qr :he N��e, with�ut that r��r�oi�er's rnnscnt a.na withaat relc�asing that I�rroR��r nr rr.�i;:?ving this I�eccf
<br /> of Trt;.�i as to t�at �3orrflwer's intG!;s2 ir,ihe Pro�.•erty.
<br /> i�. R�aticc. g?x^cri far an}• noticc requ3red urci�-r a�pplicable Ir.w t� be �;iven in anc�!her manner, (e� any r���::� to
<br /> 13arruwr.r pmvideal t�r in this I�ecd r�F 'i;-ust sh�(i be givon by �f�eiiverirtg it �ar bp mai!;ng such r,�tice by ctrtil.'iecl maii
<br /> �d�rrssed to $vrrowe* nt the �-`rop�rty Addc:°:*s ar at such other addrrss as &yrra•:-r may desif;natc by na:ic� t.o l,en�er
<br /> us �ra��ide� t�erein, and (b; �n�• nL�txce 4c� I.enrl�r�p�all � a ve�2 �y certified ,ruail 2n i�der's addrass �tated ti�reir or to
<br /> such o4her addre� �.5 Lender nt3y u�i�nate "�y nct;ce to Bareo��-c a� pravide,d. 1�erein. A�v notice provid�d 1.'ar in ti;�s
<br /> D�cd aE Z'r,�st sha;'! cc de�m;rd i�have been b�v��to �rrpwcr��r irendcr when ;gir�•en in the msnncr d�ibnat�-cl h�rein.
<br /> !3. Gai•er�ing Ls�; Sevcrnbii;t}�. T;,e statc ani: ?�x:q! ;aws of it�c juri:�dict�ic� in which the Pr��crty i; located shali
<br /> appl}� except �heti-e: such la�s canflicl wSth ?�tderal 1aw; i« ..�hici: c�:,e, Ijexiertal fgw shatl apply. Tiz tha �vc�.t: that any
<br /> proti�ision ar r.lau� cf chis T.7e�ed of �'rtas; or t�e Not� cvnflic�e wi+:� a;�.alicable, 1sw, sucft canFtic: shr�lf nat r�ffect other
<br /> prvvisions ot this I]c� of Truu:or the N�tc +vhi�h can be giv�r, a�fecf ..•�t'�ou� *.�;c�conflicting pr+zvison, and to ttyis end
<br /> the nrovisit�ns o� ihi� Dced af Trust and tha 1Vote srG Qeclared to be �r.�•er;��i:.. �As u.�; ?�erein. "cr,�," "�x�xttses." aitd
<br /> "attorncys' f�es" indude a11 sums W the ::xt�nt:not ��aibited k�y apptieshle iaw ar ii..:?it�3 hcrei�:.
<br /> 1�4. }3orrvvrcr's Co�y. Bur�ower shcll be furr�ished. � contorme�� copy Uf thr, Not�e d�d �f chis I?ccci vf Trust, if
<br /> requestcd, �t thr,time�f e�tex:ution or ai:r�r rec�7rdation herr,r�f.
<br /> iS. Rehabilitation Lr�i�n Agrcemcnt. Rprrower shall fulfili all nf �3orm��vtr's nbligativns ��d�r any harnc
<br /> ce}aabilitnti�n, irn}?rnverricnt, repair, or otfier loan agrr�mcnt which �3orroorer :.ntcrs into with C.�nder. Lcnu'er, at
<br /> Lender's opti�n, may require Iiaz-rower to exccute and deliver t� I.cnder, in a 1'orrt� acccrt�ble tn I.ender, an n,ssignn��n:
<br /> of an}� ri�hts, clair::s or dcfcnscs which �3vrrnwer mmy have agair�t parti� w3�o su�:ly ia?7or, materials or serviccs in
<br /> connccti�n with impr���em�n� mA�ie tn tt�e Fi,�vertq,
<br /> IG. Trffinster af qhe �'ro���t,y. It �lorrnwer seiis or transi''ers all or an; rv�rC of the �':orerty nr sn ���+.,�,-�:,i [herein,
<br /> exclu�3ir.g (a) the crr.atiran ot' z lie;� oi• �rtcumbr�nce subrrrv:natc to this Dex„�i a.�r" i rv�st„ (b`} b tranb~Fcr bv deyisc, de�;rnt,
<br /> ��r by nperatir�n of law u�n t!� dc��.h aF a joint tenarst, (c) thc �ant c�f any ;��:a;;,�;;��id inter�c: nt three �•�ars�ar less not
<br /> �:r�msining an aFtion tc� purch��, (d} ti;P �renti+�n qS a pu�-chase mcnc; �cu;;fi�• i�rx-r�;t for h��:�ehald app;!atir�� (A) �
<br /> trz,ns°er to a relatevc r�tslting�ram t,�c drx,th vt a IIqrrc►wer, lF; � :ransfer w•',;�-rc:i��o sF.:u�.nr c�il�rrn �af tl�e '_�lo�^rowt�
<br /> �me an oc�ner ot the �oFxrty, (g) a tr�,n.cf��-r resvlting fr�m n v�rr� �1' cqit�.--;*4:r�1�tt hf marrinn�e, Icgal sc�a-atiotT� '
<br /> ags+�cnent, �r frc,m an ir�cidenta4 praperty �etti-.ment a�Cemcnc, by e�hi:.�i t}�e s�ot�s�; �nE ?;�.� }3prra�xcr bc�arrsr,s qn
<br /> �
<br /> ca-�e-�� o�na �>r r�„�c �� ^arc!nu� � ����� �� ��iN�l�[i�������� r�oo�asa
<br /> '.,,
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