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<br /> lication of roceeds w rincipal shall ncit extend or ���"��--
<br /> Unless I.cndar nnd Horrower otherwise agree in writing, eny app P P ,,m
<br /> post�ne tho due date of the monthly payments referred to in paragraphs 1 and 2 or change the amour.t of the paymen�s. .'_;,�.
<br /> lf under paragraph 19 the Property is ar,quired by I.ender, Borrower'A right to any ineurance policies and proceeds -.;�=:y�
<br /> � � resulting from damage tu the Property prior to the acquisition ehall pass to Lender to the extent of the sums secured by -
<br /> this Security Instrument immediately prior to the acquisition. -
<br /> 6. Preservatiun and Mainten�nce af Property; Leaseholds; Condominiuma; Planned Unit Developmcnts. _
<br /> Borrawer shall keep the Property in good repair and shall nat commit waste or permit impairment or deterioration of - --___
<br /> the Property and shall comply with the provisions of any IeaFe if this Deed of Trust is un a leasehotd. If this Deed of �
<br />_ y M,; Truat is on a unit in a r,ondominium or a ptanned vnit development, Borrower shall perform all uf Borrower's ,:�_
<br /> ,,,� obli gations under the declaration or covenants creating or governing the r,ondominium or planneci unit development,the C� ;,�,,-__
<br /> by-laws and regulations of the condominium or planned unit development,and constituent documents.
<br /> 7. Protection of Lender's Security. If Borrower fails to perform the covenants and agreaments contained in this ; ;'��r;�_.�__
<br /> .. Deed of Trust, �r if any actios► or proceeding ia commenced which materielly affccts Lender's interest in the Property, 1�,:"`""'
<br /> then I..ender, at I,ender's option, upon notice to Borrower, may make such appearances, disburse such sume, including �
<br /> reasonable attorneys'fees� and take such action as ia necessary to protect I..ender's intereat. Ifi I.ender required mortgage �;
<br /> ineurance as a condition of making the loan secured by this Deed of Trust,Horrowsr shall pay the premiume required ta � ..1�_
<br /> maintain such insurance in effect until such tima ae the requirement for such insurance terminates in accordance cvith � �-:
<br /> Borrower's and I.ender's written agreement or applicable law. Any amaunts diabursed by Lender pursuant to thie �`-
<br /> paragraph 7, with interest thereon, at thv applicabla contract rate, ehall become additianal indebtednesa of Aorrower �_
<br /> secured by thie Deed ot Tru�t. Unlese Borrowor and L.under agree to other terme oi payment, �uch amounts Rhall be
<br /> � payable upon notice frt�m I.ender to I3arrower reque9ting payment thorec�t.Nothing ccantained in thie paragraph 7 ehall __
<br /> reyuire I.ender to incur any exp�nse or txkr eny action her�under.
<br /> A. Inepecticm. Lende:r may make or cau.se to t>e made rea.sonable entries upon and inepectionR ot the Proparty, _
<br /> �' provided that l.ender�hall give I3orrower notice priar to any such inepection epecitying reasonable cause therefor related
<br /> to l.ender's interest in the I'roperty.
<br /> 9, Condemn�tion. "Che proceeds of any award or claim for damages, dircct or cansequential, in cot�nection with any
<br /> � condemnntion or other taking of the Property, ar part thereof, or tor conveyance in lieu of condemnation, aro hereby
<br /> essigned and shall be paid to I.ender, aubject to the terms of any mortgage, deed of trust or other security agreement
<br /> � with a lien which hae priority over this I)eed of Truat.
<br /> 10. Barrower Not Rele�sed; Forbear�nce By I.eader Not a Waiver. Extension of the time for payment or
<br /> - -`� modiFicaiioi�of arr'.oriiastion of rhP auma r,ecured by this Deed of Trust granted by Lender to any successor in interest
<br /> � of Borrower and all other parties who are or hereafter become secondarily liabla ehall not operate to release, in niiy -
<br /> � mannet, the liability of tha original Borrower and Hvrrower's successors in intereat. Lender shall nut be required to v— -__
<br /> , , 5e• commence proceedinge against such euccessor or refuse to extand time for payment or otherwise modify amortization _
<br /> � of tha sums secured by this Deed of Truet by reason of any demand made by the original Borrower and IIorrower's _ _
<br /> successors in interest. Any forbearanca by Lender in exercieing any right or remedy hereundar,or otherwise afforded by —
<br /> applicable law,ehall not be a waiver of or preclude the exercise of any such right or remedy. �
<br /> � 11. Succeasors and Assigna Bound; Joint and Sev�ral Liability; Co-signers. The covanante and agreements ;�
<br /> ;�• herein contained shall bind,and the rights hereunder ehall inure to, the respective successors and assigns of Lender and
<br /> Borrower,subjact to the provisions of paragraph 16 hereof.All covennnts end agreements of Bormwer shall be joint and ___
<br /> several. Any Bonower who co-signs this Deed of Trust, but does not execute the Note, (a) is co'signing this Deed of
<br /> Trust only to grant and convey that Borrowar's interest in the Property to Lender under the terms of this Deed of'Pruat,
<br /> � (b) ie not personally liable on the Note or under this Deed of Trust, and (c) agrees that Lender and any other Borrower
<br /> hereunder may agree to extend, modify, {orbear, or make any c�ther accommodatione with regard to the terms of this .
<br /> Deed of Trust or the Note,without that Horrower's consent and without releasing that �3orrower or modifying this Deed
<br /> �' of Trust as to that Borrower's interest in the Property.
<br /> 12. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to
<br /> �` Borrower provided for in thia Dee.d of Trust shall be given by delivering it or by mailing such notice by certified mail _
<br /> addressed to Borrower at the Property Address or at such other address es Borrower may designate by notice to I.ender
<br /> • � es provided herein,and (b) any notice to Lender shall be given by certified mail to Lender's address stated herein or to ���
<br /> r such other address as Lender may designate by notice to Borrower as provided herein. Any natice provided for in this E,_�
<br /> Deed of Trust ehall be deemed to have been given to Borrower or Lender when given in the manner designated herein. �v��v-
<br /> 13. Cioverning I,aw; Severability. The state and local laws of the jurisdiction in which the Property is located shall ��,�`s.^
<br /> epply except where such laws conflict with Federal law; in which case, Pederal law shall upply. In the event that any _`P�,���rz___
<br /> provision or clause of this Deed of Trust or the Note conflicts with applicable law, such conflict shall not affect other ` , �,�
<br /> provi�ione of this Deed of'Trust or the Note which cnn be given effect without the conflicting provision, and to this end �,'�:;� �_*Y
<br /> the provisions of this Deed of Trust and the Note are declared to be severa b le. As use d herein, "c o s t s," "e x p e n s e s," a n d ��.;;
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<br /> "attorneys'fees" include all sums to the extent not prohibited by applicable law or limited herein. „ �.;r,,.�,�.;, :
<br /> � 14. Borrower's Copy. Borrower sha1l be fi�rnished a conformed copy of the Note and uf this Deed of 'I'rust, if
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<br /> requested,at the time of execution or aftec recordation hereof. ,
<br /> IS. Rehabilitation Loan Agreemcnt. Borrower shall fulfill all of Horrower's obligations under any home
<br /> rehabilitation, improvement, repair, or other loan agreement which Borrotiver enters into with Lender. Lender, at
<br /> I,ender's option, may require I3os�rower to execute and deliver to Lender,in a form acceptnble to I,ender, an assignment
<br /> of any rights, claims or defenses �vhich Borrower may have against partie.S cvho supply labor, materials or services in
<br /> :.L : ..�mnnta marlr:tn the VroDefLV.
<br /> CU2111CiitCrit vi�tu a uF.::):....""'- -----� . . �- _'=__••--..
<br /> 16. 'fransfer of the Property. If Horrower sells or transfers all or any part of the Property or an interest therein,
<br /> excluding (a) the creation of a lien or encumbrance subordinate to this I)eed nf'I�rust, (b) a trnnsfer by de�:ise, descent,
<br /> or by operation of law upon thc death of a joint tenant, (c) the grant of any leasehold interest of three years or less not
<br /> containing an option to purehase, (d) the c:reation of a purchase money security interest for household appliances, (e) a
<br /> � transfer to a relative resulting from the death of a }3orrower, (f) a transfer where the spvuse or children of the Borrower
<br /> become an o«'ner of the property, (g) a transfer resulting from a decree of dissolution of marriage, legal separation
<br /> i agreement, c�r frnm an incidental prnperty settlement agreement, by a•hich the spouse <�f the }iorrower becomes an
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<br /> IORIGINAL I f � II NE00%923 I
<br /> � 0�-30•94 Dced ot Truet NE IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII�III�IIIIIIIIIIIIIIIIIIfIItIlOIIIIII�IIIII�III�lllllllll
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