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<br /> � Unless I.ender and Aorrower other�vise agree in writing, any application of proceeds to principal shall not extend or [ :�e;=_
<br /> Fx�stpcme the due date of the monthly paymenta referred to in paragraphr 1 and 2 or change the a�nount of the payments. � � .
<br /> If under paragraph 19 the Property is scyuired by I.ender, Borrower'a right tu any insurance policies and proc:eeds, `�,.. _
<br /> resulting from damage to the Froperty prior to the acquisitian shall pass to I,ender to the extent of the sums secured by••.� r;� .•,
<br /> this Security Instrument immediately prior to th�ecquisition. , ��,���°-°
<br /> ' 6. Pr�sserv�tion snd Meinteaance of Property; Y.eeseholds; Condominiurns; Planned Unit Developments. y . , _
<br /> Borrotiver ehall keep the Property in goad repair and ahall not commit �vastc or permit impairment or deterioration of�' � ,��_, x
<br /> the Yroperty and shall comply with the pro�'isions oF eny lesse if thi� Deed of Trust is on a I�asehold. If this I)eed r�M.�w, � ,,�
<br /> „�,,,, "truet is �n a unit in a condominium or a planned unit development, Borrower shall perfurm all of HorrowCr'n� '::�_,-
<br /> " _„ � obligations under the declaration or covenante creating or governing the condorninium or planned unit development,the� *;%`_
<br /> by-laws and regulations of the candominium or planned unit development,and constituent documents, Q
<br /> 7.Protection of Lender's Security. If Borrower fails to perform the covenanta and agreements contained in this� __
<br /> Deed of Truat, or if any action or proceeding is wmmenced which materially atfecta I.ender's interest in the Property,W _—
<br /> then I,ender, at I,ender'a option, upon notice to Borro�ver, may make suc. appearances, disburse such sums, includingN �=-
<br /> reasonable attorneys'fees,and take such action as is necessary to protect L,ender's interest. If Lender required mortgage �s_ --
<br /> insurance as a condition of making the loan secured by this Deed o4 Trust, Borrower shall pay the premiums required to �r.
<br /> maintain such insurance in effect until auch time as the requirement for euch insurance terminates in accordance with a,,
<br /> Borrower's and I.ender's written agreement or applicable law. Any amounts disbursed by I,ender purauant to this �_=
<br /> paragraph 7, with interest thereon, at the applicable contract rate, shall become additional indebtedness of D�rruwer
<br /> secured by thie Deed af Trust. Unless Borrower and Lender agree to other terms of payment, such amoun:s shall be
<br /> payable upon notice from Lender to Borrower requeseing payment thcrcof.R7othing contained in this paragraph 7 shall - _
<br /> require Lender to incur any expense or take any action hereunder. __
<br /> � 8.Inapection. L.ender may make or cause to be made reasonable entries upon and inspectiona of the Property,
<br /> � provided that Lender shall give Borrower notice prior to any such inspectian specifying reasonable cause therefor related .—
<br /> to I,ender's interest in the Property.
<br /> 9. Condemnetion. The proceeds of any s�vard or claim for damages,direct or consequential,in connection with any
<br /> �. condemnation or other taking of the Property, ar part thereof, or for conveyence in lieu of condemnation, are hereby
<br /> assigned and ehall be paid to Lender,aubject to the terms of any mortgage, deed of trust or other security agreement
<br /> � with a lien which hes priority over this Deed of Trust.
<br /> 10. Borrower Not Released; Forbearence By Lender Not a Waiver. Extension of the t�me for payment or
<br /> modification of amortization of the aums secured by ttiis Deed of Trust granted by L.ender to ony successor in interest
<br /> - � of Borroaer and all other parties who are ur i�orc�fier �.camc secoadsril; lieh�e ahall not operato to release, in any
<br /> manner, the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to
<br /> ,. commence proceedings against such auccessor or cefuse to extend time for payment or otherwise modify amortization
<br /> :. of the sums secured by this Deed of Trust by reaFOn of any demand made by the original Borrower end Borrower's
<br /> ? successors in interest. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afForded by
<br /> i applicable law,shall not be a waiver uf or prc�lude the exercise of any such riRht or remedy. __
<br /> * 11. Succeasors and Assigns Bound; Joi.:t and Several Liability; Co-signers. Tho covenants and agreements
<br /> t': herein contuined shall bind,and the rights hereunder sh�ll inure to, the reapective successore end assigna oP I.ander and �
<br /> � Borrower, subject to the provisions of paragraph 16 hereof. All covenants and agreements o4 Borrower shell be joint and
<br /> �+. several. Any Borrower who co-signs this Deed of Trust, but does not execute the Note, (a) ia co-signing this Deed of
<br /> �, 'Trust only to grant and convey that Aorrower's interest in the Property to Lender under the terma of this Deed of Truet, —
<br /> � (b)ie not personally liable on the Note or under this lleed of Trust,and (c) agrees that Lender and any other Borcower
<br /> y heraunder may agree to extend, modify, forbear,or make any other accomrnodations with regard to the terms of this.
<br /> �, Deed of'Truat or the Note,without tl�at Borrower's consent and without releasing that Borrower or modifying this Deed
<br /> of Trust as tn that Borrower's interest in the I'roperty.
<br /> � 12. Notice. Except for nny notice required under applicable law to be given in another manner, (a) any notice to
<br /> �' Borrower provided for in this Deed of Trust shall be given by delivering it or by mailing such notice by certified mail
<br /> addressed to I3orrower at the Property Address or at such other address as IIorrower may designate by notice to I.ender �
<br /> ; as provided herein,and (b) any notice to I,ender shall be given by certified mail to Lender's address stated herein or to
<br /> ' :�uch other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this � s _
<br /> " Deed of'I'rust shaU be deemed to have been gi ven to Iiorrower or I,ender wt-ien given in the manncr designated herein. �,�,��^
<br /> 13. Governing Law; Severability. 'The state and local laws of the jurisdiction in which the�'roperty is located shall —�=,r,=�,�_
<br /> apply escept where such laws conflict with Federal law; in which case, Federal law ahall apply. In the event that any ':��::�A`�
<br /> provision or clause of this lleed of Trust or the Note conflicts with applicable law, such conflict shall not affect other .;:u;��'=.-
<br /> proviFions of this I�eed of Trust or the Note which can be�iven effect without the conflicting provision,and to this end - _
<br /> the provisions of this Deed of'I'rust and the Note are declared to be severable. As used herein, "costs," "expenses," and �;��''"`
<br /> � "attorneys' fees" include all sums to the extent not prohibited by applicabie lan� or limited herein.
<br /> 14. Horrower's Copy. Iiorrower shall be iurnished a conformed copy of the Note and of this 1)eed of 'I'rust, if
<br /> reyuested,et the timc of execution or after recordation hereof.
<br /> 15. Rehabilitation T.oan Agreement. Borro�ver shall fulfill all of Norrower's obligations under any home
<br /> rch�bilitation, improvement, repair, or other loan agreement �vhich Aorrower enters into with I.ender. I,ender, at
<br /> l.ender's optioii, may require Iiorro�ver to execute and deliver to I,ender,in a form acceptable to I.ender,an assigitment
<br /> oi any rights, �laims or defenses �vhic:h 13orron�er may have against parties who supply labor, materials or services in
<br /> � cnnncction �vith improvements mude to the I'roperty.
<br /> _a___ _�� ..• ,.f rh.. 1�rnrwrtv nr an intere.St theiein.
<br /> ��i. �1'ransfcr of thc 1'tUpCTtY. lt rioI'rowcr 5ciiu c�i iiaii5�c�a au vP �.;j Y�••�• -••- -•-r--�� --- -
<br /> • excluding (.i) the creatioci of u lien or cncum brance subordinate to this lleed of Trust, (b) a transfer b}�devise,deseent, �
<br /> or by ���x:ratinn uf lu«� uExm the death oP a jaint tenattt, (c) the grant of any leaschold interest of three years or less not
<br /> ,;untaining an optic,n to �+urchase, (d) the creation of a purchase: money securit}� interest for household appliances, (e) a
<br /> tr�uiyfer tu a rclati�e re;ulting frnm the death of a Borrcrner, (f) a transfer ��•here the spouse or children of the Horrower
<br /> hrrumc an �n�•ner of thc propert�•, (g) a transfer resulting from a decre� ot dissolution of marriage, legal separation
<br /> ,igrcemrnt, ur from an incidental prc�Fx:rq� settlement agreement, r}� «•hich the spouse of the }iorro���er bec:amc:s an
<br /> 06 70 74 Dund ul Yrue� NE OHiGIN�I II�IIIIII��IIIII�IIIIIIIIIIIIIIIIIII�IIIIIII`Il�tl IIG�IIIIIII�IIIIIiIIIIiIIIIIIIIIlI9IlIIIIII�II�I NE007923 I
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