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<br /> Ct�VENANTH • 5����+�«� ,.
<br /> 9. Pa�m�M�. 8onower sgrees to mnke ail peymar►tq on the seaured debt when due. Uniass Bonowar ond Londor ngree otherwiso, any .
<br /> paymoma Londor rocolvos trom Norrowor ar for Bmrpwor'e bonefit wlli be ep I�od tlrat to nny amounts Borrowor owes on tho seaued debt
<br /> . exaiutive of IMareat or prinaipat,eecond to Inteteat,e�1d tMen to prMcipel.If 0g IQI propsyment of tho eocu�od dobt occure for any roaeon,It witl
<br /> not roduce or excuee any aehedulad peyment unt8 the secure�debt ts,peia l�i i II.�
<br /> 2,Gaims Ag�lnst Tttt�.Borrower wiU pey alt texes,esseea�i►ente,and other ahatgoa attributabto to the property whon due and wlii datend title
<br /> to the property a�palnat any otaim4 whloh wou�d impair ths Itsn of tAls deed of uust.lender may requlro Barrowor to asaign any righta,claims or , _
<br /> defenaea which 8orrowor may have ageinet partfea wha supply tabor of materials to improve or mefntaln the property.
<br /> 3. Inwnnas.Bottower witt keep the property insured under tarma ecceptebte to Lender at 8orrower'a oxponso ond for Londw'� boneth.AU
<br /> insureneo pollc(ea shali inelude a standard maKgege alauae In fevor ot Lender.Lendor wili be nemed ae loas payee or as the Insured on any suoh
<br /> insuranae poilay.Any Inauranae procoeda maY 6e epplied,withln lendor'e dlecrotion,to etther the�eatoratlon or repair of the dameged property -
<br /> or to the secured debt.If Lender requtres mortgege insurence,8orrower sgrsos to meintaU euch fnaurance tor as Iong as Lender requires. ;
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<br /> �� 4.Propa�ty.Borrower wiit keep the property in good candition and make atl repetrs reasonabty neeessery. ,°"
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<br /> ,�, .,e�; S.Fxpsnsss.Borrower agrees to pay a1i Lender's expenses inctuding reasonable attorneys'teea,if Bonower breaka eny covenants in this deed :.��;
<br /> . . of vust or i�any obligetlon aeoured by thte dead of vust.�ortower will pay these amounte to Lender as provtded in Covenant 8 of thie dead of ___--
<br />- truat.
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<br /> 8.Pria�S�eurtty I�rt+rat�- Untesa Borcower firet obtaine Lerxler's written conseot,Borrower wili not make or permit any chenges to any pflor •;��;�
<br /> � seaurity ir►terests.Borrower will penorm aIi of Barrower's obligationa under anY prtor mongage, deed of truet or other seeurity agreamer�t, ,.j�,.�:�;•
<br /> '��- inciuding Bor►ower's ooveaaMs to ma0ce payme�rte when due. ;:�"�
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<br /> ; � 7.Assignma�rt of Ret►tt snd Proflta.Borrower aasigns to Lepder the renta and proffts af the property.Unieas Borrower and Lenda� pave ag{eed c:�
<br /> otherwiae In vrriting, Bonower mey cotteot and�otafn the renta as long aa Botrower is not in default. If Borcower defeutts, Lender,Lentler•s �;__
<br /> t.� agent, or a court eppohrced reeefver maY take poaseasion and mana8e the property and coiteat the rente. Any rents Lender coltecta shali be _
<br /> appliad flret to the costs of managing ffie property, includin9 court coste and attorneys'fese, commisetons to rental ageMS,and eny other
<br /> � �F necessary�eteted expenaes.The remaining emourrc of renta wlll then appty to peymema on the secured debt as provided in Covenant 1.
<br /> `, - � �---�!.±••�`w.�.��amss Olanrnd Ut1k O�YOIOpfM71U.Borrower a�reee to com�ly_with the poovisions ot ian�iease if this deed of uuat ta on `
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<br /> � e�lee88hold.1�this deed of truat ie on a untt tn a conoommwm u� e�no�nw�...:.........'...r•••..:•.�•'::t•.'•'•'.••. , �^�^�wu..t w�..eswnr'o Autfea
<br /> � under the eovensifri,byd�ws,ar repubtioru ot the condominium or pimned urtit devebpment.
<br /> ' p g,Autfiority of tMd�t to p�rtonn for Qorrovr�r. If Borrower fel�s to Dettarm sny ot Borrower's duties under this deed of ttust, lertdar mey =--
<br /> � c�onitrmuot cn on ihipTropaty ti�d ii aont nwd o not e,tttod on In a iiiwnabti�minnii,l.ind�iymay do whitiwi�irenraf utiryi o�prntim Lindir i
<br />- seeurity int�nst In th�prop�riy.Thb m�y Inalud�compbtfnp th�comtruotlon. ---
<br /> '., Lend�r'�fallure to peHorm wltl not prsctudo L�nder t�om�xsroUlnp�ny of Itt oth�r riphts undot th�bw ot thit dad of tru�t. _
<br /> , ind wl I bsir�inte�ri,iytro„t�M G�t��o}thi pay�msnt unti!pildttn tull at�the�ini�riiidit�In itfiat on ths sseured deb�nt�wlll be due a�dem�nd J
<br /> obup�Uaon i Cuid by this�du0 ofti�ust or any prioi�rtroitpepepotYdeed of�u�t uLendsr mive saae! reits the�meturity o'f thseiecuf e�dsdebt ine
<br /> ' demmd Immediate paym*r►t�nd m�y Invoke the power of esls and any other remedia�permittod by eppltaeble uw.
<br /> ° 11.R�qu�st ta Notia of�f�ult.It ia hereby requeated thet coples of the notiaes of defouh and�sta ba eeM to eec�pereon who�a a par�y '.-.
<br /> � „ heroto,at the ad0ros�ot eanh�uoh person,es eet forth herein.
<br /> _�. �, 12.Pow�r ot Sr�. If the Lendor Irnokes the power of eaie,the T►ustee ahell ftrat reeotd in the office of the replater of deeda of aach courny
<br /> wherein the trust property or aome pert ar parce!thereof(s eituated e notice of defauR coMainin0 the inMrmetfon required 6y Iew.llie Ttuetee
<br /> shell elso meil copfes of the notice of detauft to tl�e Bottowet,to each peraon who is a party hereto, and to other persons as prescribed by
<br /> `.� ' app�iaabie t�w. Not lew thsn one momh sfter the Truatee records the notice of defaui�or two momhs if the truat property is not in any
<br />���'�,,r,�'.. , tneorporMed eity ar vfliapa end Is used tn tarmUg operations carcted on by the trustor,the 1rus0ee shetl give pubifo noUce of saie to the penons
<br /> �"�"•r ,�• and in the manner pro:cribed by.apppitoab�e Iew.Trustee,without demand on Bortower,ahail sell the property at publio auotton to the hiphert
<br />_,, �_ ' b3dder.If required by the�arm Homestead Proteotlon Act,Trustee shalt oNer the p�ape�ty in two separate enies ea required by appNaabte lew.
<br /> Trustee mey poatpone eate of aIi or eny pareei of the property by pubita announeemeM at tAa tlme end ptece of any previously scheduied eaie.
<br /> • , lender or ke dealgnee msy purchuse the property at any eaie.
<br /> "' '""��• Upon reCeipt ot paym eM of the price bid,Truetee sha{I deliver to tha purcheeer Truatee'a deeA eonvaying the propeny.The recitiats wMained in
<br />'��-�'• "" Trustee's dead shall be prima faoie evidience of the truth oE the atetemer�contained therein.T�ustee ahell apply the proeeede of the sale in the
<br /> ;� � •,:;:T , fallowir►g order. la) to atl expenses of the sale, inciuding, but not Umited to. reesonab�a Truatee's feea, reesonabte attarneys fees nnd
<br /> �`Y�� •.s reinsfatemeot feea:Qb)to ait suma aecured by this doed of trust,artd tal the batance,it any,to the persons Iegalty eMitled to receive k.
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<br /> ��; ^+ 19.Rondowr�.At lendor'e optlon,thla deed of uust mey be to►ecbsed in the manner provide by eppticebte law for foroc�osure ot mortgsgee
<br />-f:•: on real praPertY•
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<br />��="•u _ ' 7A.tnanrafian.lender may errcer the property to inspeat it M l.onder givea Bottower notica befarehnnd.The nottce muet stete Ma reasonabie
<br /> ����-'��• O8U88 for Lender's inapectton. ��
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<br />���i��.. 18.CarW�mnWon. Hortower asatgna to lender ttie proceeds of any awar0 or ciatm tor demag ea connected with a condemnaUan or other taking
<br /> of all or arry part of the property.Such proceeds wilt be applied ae provided tn Covenant 1.This asaignment ia subjeot to the tarms of any ptiu
<br />= . .. seCUdtY eareement. _ _
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<br /> _-:,:�•.,-':. 18.W�ivar.By exerclaing em►romedy available to lender,lendor doea not Bive up eny rigMs to leter use anY other remedy.By�ot exercistng
<br /> - arry remedy upoa Borcower'e detault,Lender does not waNre any rigM to teter constder the event e default if k happens again. `
<br /> f�"�� " �`�` 17,.ldnt Imd SevsrN UabWtn Co�+f�s: Suoc�sson�nd Asstpna Bourtd. AII dutTes under thia deed ot trust are joint and several. An9
<br /> +��'�±��;�'' 8orcower whu co-algns tNe deed ot trust but does not castgn the undertying debt instrumentts) does eo onty to grant and comrey thet -
<br /> -_�,,,�.'•:' Donowers irrterest in the property to the T�uetee undar the terms of this deed oTUun.tn addkfon,cuch a 8onowor agrees thet the Lendet aM _—
<br /> � • ,s i any other Bonower under thia deed of truet may extend,mod�r make cny other chenHes tn the terma of this deed of Vuat or the aecured _,___
<br />�;�y�a�� do6t v�ithout that Bortowers conaeet and wkhout reteasing that rtower hom the terms of thia deed of trust.
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<br /> :;`"' "'"""' ' 7he duttes and�enefite of thte deed ot Uust ahett bind and benefit the suacessors and asnigna o4 Lender and Borrower. n!=�'
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<br />-� � � 18.Noflc�.Unleeo otherwise required by law,any notice to Borrower shail be given by detiv 4ring k or by maiting k by cetHfled mait eddreaeed to
<br />° - .� Barrower at the property addresa or any other addresa ffiat Borrower hao given to lender.BoROwer will give eny noUce to Lender by cen(fled =
<br /> � mall to Lender's adtlresa on page 1 of thie deed of truat,or to any other address whlch Lender haa destgneted.Any othe�nattce to Lender shall ._
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<br /> be sorrt to Lender's address as steted on page 1 of this deed of trust. F�
<br />- , t Any notiaa shall be deemed to have been given to Bonower or lendor when given in the manrter stated ebove. �;`--
<br /> % ` 19.Tmstar of ttN Prop�rtY a��dal IM�rat in tfN BarowK.if eii or any part of the prope�y or eny interest En k is sold or ffanaferred `-?
<br /> - ' c without Lender's prfor v�rthten conaent, Lender may demand Immediate paymaM ot the secured dabt. lender may etso demend immedlete =.
<br /> ` demand paym�eM in�theeabove situatlons�H it�is pf ohibidted b federaot taw as of the det�e of tlefe deed of uus����d. However,lender may not
<br /> • Z0.R�comnyanc�.When tha obligetion eecured by Mia dsed of truat hes been patd end Lende�hes no turther oblVgeUon to meke advsnces —
<br /> under the InsuumeMS or agreemer�u eecured by this deed of trust,the Trustee shel�.upon written requeat bY the Lender,reeonvey the uuat --�
<br /> ___ �—s_ �ronertv.The Lender shetl tleltver to_the Borrower,or to Borrower's successor in iMereet,ti�a trust deed ond the note or other evidonce of the =
<br /> ,. ' obllgetion so 6atistietl.Borrower ana�i pay arry recorderion cosie. -
<br /> ' 21. Suee�ssor Tnim�. Lender, at lender's o�Ion, meY remove Trustee and appoiM e sueceaser trustee by flrst, mafling c copy ot tho !-
<br /> euDstitutlon of Uuatee its re�by,app��cebis lew,eond then,by flltng the eubatltution o}trustee for record in the oiflco of the repister of deedo �-"
<br /> - � ot each county irt wMQ�th p�perty,or some ert thereot,is situated.The successor trustee,whhout conveyance of the propertlr,shali
<br /> • succeed to eli the powsr.d £,eutftority end tiUe of the Trustee named in the deed of trust and of eny suooeasor wsteo.
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