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<br /> s,.�u.� The insurance carrier pruviding the Insurance st�all be chosen by Borrower sub�ect ta appraval by
<br /> roval shall n�t be unreasonably wlthheld. All iasurance policles and ��
<br />._ti� L.ender; provided. that such app �.
<br /> _, � renewals thereof shaU be in a form accepwble to L.eaQer and shall inelude�standard mort�age clause in �V
<br /> favar of and in a form�cceptable to Lender.I.cnder shall have the right to hold the policies aad renewals F,�
<br /> thereof, subject to the terms of any mortgage,deed of trust or other securlty agreem�nt with a lien whicb
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<br /> has prlority aver this Deed of Trust. ro nodce to the insuran^e carrier and Lender.Lender ��
<br /> In the event of lass, Borrower shall give p mpt � S
<br /> _���'`` may malce proof of loss if not made promptly by Borrower.
<br />`-`�' '• pe is abandoned b Borrower.or if Borrower fails to respond to Lender within 30 days
<br /> ��;;�•.. If thc Pro rty Y
<br /> ` �•� from the date notice is maUed by Ltnder to Borrower that the insurance carrier offers to settle a claim for
<br />- ' insurance benefits, Lender is authorized w coUect and apply the insurance Proceeds at l.ender's option —.
<br />`�'���`��. either to restoration or re air of the Property or to the sums secured by this Deed of Trust.
<br />-�°,� 6. prtservadan and Malntenance oi Property; 1.es�seholds= Condominiuu�3 ��ned Uaft
<br /> -~►��, Developmeats. Borrower shall keep the Property in good repair and shall not commit waste or permit
<br /> ��'�-=� impairment or daterloratlon of the Property and shall coinply with the provlsions of any lease if this Deed _
<br />�°�;��� of Tivst is an a leasehold. If this Deed of Trust is on a unit in a condominium or a planned unit
<br /> �°"'''' development, Borrower shall perform all of Borrower's obllgadons under the declaratlon or covenants
<br /> _-...�•,,�
<br /> creating or governing thz condominium or plauned unit development,the by-laws and regulations of e
<br />=R`�':�� condominium or planned unit development,and constituent dceu�ents•
<br /> ,�r�;,� 7. Protection of I.ender's Security If Borrower fai15 to perform the covenants and agreements
<br /> `_-_��„� contained in this Detd of Tnist, or if any action or proceeding is commenced whlch materlally affects
<br /> -=---�s� Lxnder's interest in the Property, then Lender,at I.ender's option,upon na2ice ta Bosower,may make
<br /> �` such appearances, disburse such sums, including rca.sonable attorneys'fees,and take such action as ts
<br /> necessary to protect Lender's interest.If Lender requlced mortgage insuran�����Ch���
<br /> ._==��- t�an secured by this Deed of Tnist,Borrawer shall pay tho pnmtums req q�,n�wer's
<br /> —:n,�„� in effect until such tlme as the roquinment ior such insuraui;e t�rminat�s iu:.ccordsnrx�rlth__..
<br /> -=-_�.; and Lender's wrtttea agrament or applicable law. h�����terest thereon,at the Note rate.
<br /> --�.; Any amounts disbursed by I.ender pursuant to this p�ragraP
<br /> �.�.� shall become addltlonal indebtedness of Borrower secured by this Deed of Trust.Unless Borrower and
<br /> .-�.; I.ender agra to othe a terms there No tthiug coatain�this paragraph 9 shall require Lender todincur
<br /> � Borrower requesting p yme
<br /> � any eapeas�or tabe any actton hemmder. ons of the
<br /> g. i�pection Leader may make or cause to be made reasonable enu[es upon and inspxt[
<br /> � property� pmvidal that Lander shall give Bonower notice prtor to any such inspection speclfyin8
<br /> � reasonable cause therefor nlatod to L,ender's interest In the Property.
<br /> - 9. Condemnatlon. The procc�s of any award or claim fnr damages, direct or consequeatial,in
<br /> connocdon wlth aay condemGation or other taldng of the Property,or part thereof.or for wnveyance in
<br /> lieu of condemnatlon. are henby asslgned and sha11 be Paid w Lender, subJect to the terms of any
<br /> mortgage. deod of uust or other sa.vrlty agrament w3th a lien which has prlorlty over this Deed of Trust.
<br /> 10. Borrowu Not Released; Forbarana BY 1•�de�' Not a Walva'. F.�ctension of the tlme for
<br /> payrnent or modlfication of amortlzation of the sums secured by this Dad of Trust granud by I.ander w
<br /> any successor in inurest of Borrower shall not operate to release, in any man�er,the liablliry of the
<br />— orlginal Borrower and Barrower's successurs in latenst. L.eader shall not be required to cuinmence
<br /> � procadings agaiast such succegsor or refl�se to extend time for paynaent or otherwlse modify amortiradon
<br /> of the sums sec►u+ed bY this Dced of Trust by reason of any demand made by the orlginal Borcower and
<br /> ! Borrower's successors in interest. Any forbear•ance by I.ender in exercising any nght or r�maly
<br /> � henunder, or othenvise afforded by applfcable law. shall not be a waiver of or preclude the exercise of
<br /> .—. j any such rlght or remedy.
<br /> 11. Suocessors and Assi�s Bound; Jotnt and Sever�l Uabtt[ty� Co-signers• The covenants and
<br />_-ffi;,,�,,,� . agreements herein contained shall biad,and the rlghts hereunder shall Inure ta,the respective successors
<br />�.������ and assigns of Lender aud Bonower,subject to theprovisions of paragraph 16 hereof. All covenants and
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<br /> -��...�,� agreements of Borrower shall be joint and several. Any Borrower who co-slgns this Deed of'hust, ut
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<br /> i�`•' , •' Bocrowa InftLL
<br /> - , Form 381� (pa8e 3 of 6 puges)
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