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<br /> . �teiaet�is aP the ffider sflaD amead eai9 s�tp�3emen�tI�eue�au�egi+eaaeu�af t4�is Ira�o4'1'e�st.ss ig
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<br /> :� r • $Q�iOWC1 COYE43fl�8 t�EOI[OW2T L4�Y�vi i�+3"S�i r�'tQa'�fQ�" �L��'�.�L L o�-ant atid Mnv�{► _ s-
<br /> the Pr a p e i i 9.and t�t the FmpertS►is uaensambered. exrePt for eacumb�nces of record Bormwer wvenaats ti�st
<br /> .: ..:,.,�-�*,,,�� �omawer ararcanss aad will defend gen�rallY 4he dtie m the Property agains� a11 claims and deinaads. s n t►,�ect w
<br /> --- . -�,�:L eneuwb�ce.a vf t+�o�. -- - _
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<br /> � . F, � UN�O�iVI COdIIVArPP�. Bormwer and Lend4s oovenant and agee as follaws: ,'. :;��_
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<br /> .. - �t: 1. P�y�cat oY Prindgat aad In4c�+est. Boaower shall pmmptlY Pa�►ahen dne the pr3�pa1 and interest indebtedaess ..: r ,f3� --
<br /> evidenced 1fY the Nata and Iate cd�e.s as Provided in the Nate. This Dee�oY Tmst se�urPa PaYme�t of saW Note
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<br /> scsoid�ng to its temis.wbich are�ac�rpor�d here9a by reference. . „, �
<br /> .' otheiwise all te�xived by Lender under the � � r� �
<br /> � <' '� Z. Appiieatton of Peym�ts. Unl�s$PPlicable Taw prnvldes , P�� .
<br /> `l,<+'..�,;..::` Note anB paragcapb 1 hereof s�all be aPPliefl by�.eader fust w iaterest due oa the Note.s�ond to the p�1nCiFa1 due . _ .,;-
<br /> - , � , on the Note,an+d then to tate�argea dae oa th�Note. `;`" _
<br /> x an�l Deeds of'IY¢�3i�[earges�Id�s. 8o�wer shall Peiform alI of�Borrower's obli�ations, � `. __-
<br /> ° 3. Pefoz�1to�cs whh a tien tvl�ch Bas prlority over tbis Deed of Tmst, _� -
<br /> " �der aaY most�8e.d�0�af uusc os other sxauitY�r�men� . - ,
<br /> �j ., . including Botrowet's�ovenaats to suake payments whea due. Bomower shaU paY ar cause w be patd all maes. ':= ,• .
<br /> sntlons attribntabte to the Piopesry wluch maY attaia a prforiry over this . ?T-
<br /> `� . assessmeats and atfler charges.fines aad im�n - _- ----
<br /> . Dead of Ttast.and teasehald payments or 8m�md�t�s.if anY• . ` ., . --.
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<br /> - '" T �°�`� 4. Ha�ara Insaranc� a) Bormwer ahall keep ti�imprnvem$ata now exisdng or hereaRer erecded on the PmP�Y �s - _
<br /> � . uisared a�aainsc lass by fire.i�rds inciuded within the term'exteaded coverage°,aad any other ha�rds.i�claAing --
<br /> ns
<br /> flooda os Svod,for which Lender mquires�ce- T�im�rance aball be maiutaia�ed in the a�oimts and for the �, ' —_
<br />.. � :�;;;.;��.: '� � p e r l e d s t b a t I.ender r e q a�r e s- The insnraace carrier providing the insaraace shall be chosem�►Y Bormwer sabj�t w . t.� -----
<br /> Lender's appmval wh�shall aot be anreasonab2y withhe2d. If Borrawer fails to m�i n t a t n t covetage d e s e r i b e d a b o v s, _ :"�",:;.-
<br /> ... . � Lender may,at Lender's option,obtain coverage wpmtect Leader'a rights ia the Pr6perty in aarordance whI►ParagraPh ' ��,-�r-I-.:__
<br /> ' . " 6. � ' � A�'.r��:..��-
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<br /> - . . . . �_�;; p3 pu ias�nce policies aa�reaearals sball be asceptable to I.euder and sha11 imcInde a ataadard mortgage clanse. . �;._�-�_ �,_
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<br /> Leader shail t�ave the rigtu to hold the policies and renewals. If Lender requires,Bormwer shall promPUY S�a�� . �..--�-y:.<-.:--
<br /> � • Lender all receipts of paid preminms and rencwal notIces. In the event of loss,Bormwer shaD give promgt to t�e =•.,�,�___ —
<br /> .. ' , ,i n s i u a u c e cazrier and Lender. Lender may make preof of loss if not made promptly to Bo:rower. . :-_i� ��s-�
<br /> . . � �G.oi..r•::.y!:?.:c:...
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<br /> . ., e) Unless Lender and Boassiver othecwise agree in writing,iasaranee Praceeds sbaU be agplled to restnrat�on ar repair `.�.,. _�,___
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<br /> . � of the Property dama8ed.if�he restoratian or repair is economicalty feasibIs aad Lender's securlty is not less:..�si. If : :�.:.�:.,.-�
<br /> � :'Jaa�'�s:_�.
<br /> , . .. � the restosation or repair is aot eeonomic�Uy feasible or I.ender's sea�rity wantdbe lessrned,the insu:eaee pmcc�sball . ,,.,.;;;; -
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<br /> . . . ' : be applied to the sums secureA by this Secarlty�nstcument,whether us not then due.with aay exress paid to Bunower. _
<br /> - 1f Boaawer abandons the PropertY or daES not answer wIthin 30 days a noticc fm�Lender that the insmance can'ter ,r.:,_.,�_.-:
<br /> ���'::. �offered to seute a claim.then Lender may collect the insarance pmc�s. Lender maY use the ploseeds w t�epaiz =� ���_
<br /> � • � �. c' �� p y whether oz not thea dne. 'i�e 3Q�ay per[ad _
<br /> er restore the or to a snms secaued bY this Se�rltY Ina��+ " ��
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<br /> . will begin when the noflce is given. _
<br /> :��:.!" `- . d). Bxcept as pra�ded in subparagraDb 4(e)below,shoutd pattia!cr comp2ete desnuc�ian oa damage occur to the .. . . ;
<br /> � property,Bormwer hereby�cees tbat any and aU lnstruments evld�ring�nsuiance proceeds r�;eival by'Lender as a _ .
<br /> ' ... cesult of said damage or C.._�aron,shall be placed in a nou-interest bearlag escrow aceouat wid►I.ender. At EQador's .` �:
<br /> . � � � discretian, I.eader may reiease some or all of the pmceeds from escrow after Bouower presents l.endet with a . 1 . .
<br /> receipt(s).invotce(s).written esdmates(s)or other dow,mcnt(s)a�.�.ble to Lender which relat�m the cepait andtor , .... .
<br /> � � � . improvements of the Property necessaiY as a result of said damage antUoi destrucaon. Abs�t aa ageement[o the . . � .
<br /> • . ' oontrary.i.ender shall not be requlred to pay Horrower any Interest on the ymceeds held ia the escrow�account. �Aay . ::• .4� �-
<br /> � '�• �ounts remaining in the aaount after all repalrs and�or impmvements have beem made w the Leader's s�sfaction, � .
<br /> � shall be applled to the sums secureA by this Deed of Tnut,Deed to S�ure De6t,or b2o�tg,age. Boaower�rtt.�agers :
<br />: - to coopera:e with Leader tty endvrsing all,checke,drafts aadlor other insuoments e�+idenc�ng izsurance prnc�eGs:aad
<br /> � : ' ' � auy necessaey dowments. Should Bonoaer fail to grovide any req�3-rn.d endursement and/or exe�on withia�(3�0j ,
<br /> days after Lender sends boaower notice that Leader has received an inswment evidencing msvraace P .
<br /> . • . dacument(s)requiring Sarrower's signature, Borrower hereby authorizes Lender to eadorse said instrument and/or
<br /> .. , , . document(o)on Bosrowers bel�alf.and cnllect and appjy sa�d pmceeds at Lender's option,either to restoration ar repair . • . .
<br /> � oY the Praperty or to sums sec�ued by thls Deed oF Trust.beed to Secnre Debt,or Mortgage. It is not the intendon
<br /> � � . � of either party that this escrow pmvision. anNor Lendet's endorsem..°nt or execution of an insuument(s).�Nor ;
<br /> ��� � �. .� � document(s)on behelf of Bonower creato a fiduciary or agency relatlonshlp betweea Lender and Botrower. .
<br />., : . . ,
<br /> ' e) Unless Lendez and Sorrower otherwise agree in wrlting,any application of pmceeds to priacipal shaU not extend
<br /> `� � . � � or postpone the due date of the monthIy payments referred to in para�apbs 1 and 2 or change the amonnt of the � � .
<br /> �a . payments. If under paragrapH 16 the Property is acqnired by Lender.Botrower's r�ght to any 9nsurance pol3cies and . . .
<br /> . '� proceeds resuldng from damage to the pmperty priar to the acquisition shall pass to Lender to the extent of the sums ;
<br /> • secured by this Security Insttument. �.��. : _ .. �
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