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<br /> �.�. � Borrower covenanls that Borrower is lawfully sei�ed of the estate licrcby convcycd nnd 1►as ttic righi ta grant anJ -
<br /> : ;�.,,,�•.: ' canvey the Property,and that the Property is unencumbered,exapt for cncumbrances of record. Horrower covenants�hat -
<br />'.�_ � � Bonowcr warrants and will dcfcnd gencrally the titic to thc Propcny against all claims and dcmands, subjec� to , _
<br />- • ' cncumbrancxs of record. -_
<br /> . � —
<br />::�;?�'ys*���; UNIFORM COVENAN'TS. Bocrower and Lendcr covenant and agree a�follows:
<br /> .v: 1. Payment of princ(pal and Intere�t. aorrower shall promptly pay wlten duc the principal and intersst _
<br /> ind�btodness evidenccd by the Note and late charges and othcr charges as provided in tl�c Notc. °�
<br /> `� �
<br /> z 2. Payment of T�xes. Subject to applicablc law or a wcitten waivcr by Lendcr,Borrowcr slia�l'��taxes and
<br /> '='"'�"F' assessments(including condominium and planned unit development assessments,if any)which may aUain priority over this
<br /> ,:°�� Deed of Tmst,and ground rents on the Property,if any.
<br /> '' "'4 3, Applic�tion ot P�yments. Unless applicable law pr�vides otherwise,all payments received by Lender under --
<br />`_=�.:�::':::,.
<br />""�;�;';;,��_. the Notc and paragraphs 1 and 2 hereof shall bc applied by Lender first in paymcnt�f amounts payable to Lcnder by
<br /> ' ��• ' Borrower under ra ra h 2 hercof,tlien to intcrest ablc on the Note,and thcn to the principal of thc Note.
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<br /> �';cY:'r: �� 4. Prior Mortgages nad Deed�ot Trnq;CIu�rySa; i�en�, Borrower shall,perform all of I3orrowor's obligations
<br />";'��"X� under any mertgage,deed of tnut or other socurity agrament with a lien which t�as priority over this Dood of Tnut,
<br /> , . �.:.•,..
<br /> ':':;�. �+.� including Horro�ver's covenaats to make gayments when due. T�orrower shall pay or cause to be paid,prior to delinquency,
<br />�_:s� �,�p:� all taxes,assessments and other charges,finas and impositions atuibutable to the Property which may attain a priority over
<br />- '.-����. � this Deed of Trust,and leasehold payments or ground rents,if any.
<br />-_-��.',.::�„�
<br /> S. H�zArd Inaur�u►ca Borrower shall kap the improvements now existing or hereaRer erectzd on fhe Property
<br /> ������; insund against loss by fire,hazards ic�cluded within the term"extended coverage",and such other hazards as Lender may
<br />--.;=,;;: requiro and in such amounts and for such periods as Lender may require.
<br />�-�;��s, The insurance carrier providing the insurance shall be chosen by Borrower subjxt to approval by Lender;
<br /> -. .`•.�:Y*• ,. provided,that such approval sliall not be unrcusonably withheld. All insurance policies and renewals thereof shall be in a
<br />"_�'_��;;�;`;. form acceptable to Lender and shall include a standard mortgage clause in favor of and in a form acceptable to L.ender.
<br /> �`�',r�`;;,�� Lcndcr shall havc the right to hold the policies and nnewals thereof,subject to the terms of any mortgage,deed of trust or
<br /> '�'�`'A��� � c�_ o__ �
<br /> _, flth_r.._netiiy aorMm_nt�riih a llpn wh�r_.h ha�nriority over this Deed of Trust.
<br />=y�y="����j'�-'�� In the event of loss,Bonower shall give prompt nouce to the insurance carrier and Lender. Lender may make
<br /> --�..���� proof of loss if not made promptly by Borrower.
<br /> --`-'—`-"� If the Property is abandoned by Borrower,or if Borrowcr fails to respond to Lender witl►in 30 days from the datn
<br /> ,�„Q;��.
<br /> '=����� notice is mailed by Lender to Borrower that the insurance carrier offers to settle a alaim for ii�surance benefits,Lender is
<br /> =y��*r'�'.:.�� authorized to collect and apply the insurance proceeds at Lendcr's opuon either to restorauon or repair of the Properiy or to
<br /> °--��",�;� the sums secured by this Aced of Trust.
<br /> --__:*.,,Ti�
<br /> --�°:�.:.""&"� 6. Prescrvwtioa and Maintenance of Property; Leaseholde; Condominiuma; Planned Unit
<br /> "''=°''�� Aevelopment�. Borrower shall keep the Property in good repair and shall not commit waste or permit impairment or
<br /> ---�'�
<br /> �----- deterioration of the Property and shall comply with the provisions of any lcase if td►is Dced of Ttust is on a leacehold. If this
<br /> ��.�
<br /> _= Dad of Trust is on a unit in a condominium or a planned unit development, Borrower shall pedorm all of Sorrower's
<br />__,_��,;,,��� obligadons under the declaration or covenants creating or governing the condominium or planned unit develonment,the by-
<br /> _..;_,,.�-•"�'� laws uid regulations of the condominium or planned unit development,and constituent documents.
<br /> 9-_.=%;,�;��'.
<br /> -- ' �ie.- 7. Proteetion of Lender'� Security. If Borrower fails to perform the covenants and agrxments contained in
<br />��r*tib-,i�•. - this lleed of Tnist,or if any action or proceeding is commenced which materially affects Lender's interest in the Property,
<br /> }��� then Lender, at Lender's option, upon notice to Bonower, may make such appearances, disburse such sums, including
<br /> '=�� � . .
<br /> ±��:.���.., reasonabla attomcys'fas, and take such action as is necessary to pmtect Lender's inurest. If Lender required mortgage
<br /> •��,�-�.,
<br /> ;,� a..��� insurance is a condition of making the loan securcd by this Dced of Tn►st,Borrowcr shall pay the premiums roquired to
<br /> _ �"'�'' maintain such insurance in effect until such dme as the requinment for such insurance is temunated in accordance with
<br />`-�'�Y��.-;•,.-... �
<br /> -�"sv!er"".° Borrower's and I.endcr's writteu agreemcnt or applicable law. •
<br />�;,_�...
<br /> . . • a Any amounts disbursed by Lcndcr pursuant to tlus paragraph 7, with interest thereon, at thc Note cate, s 1
<br /> . •. , � become addidonal indcbtcdncss of Bonowcr secured by tlus Decd of Trust. Unless Bonowcr and I.ender agrce to otlur
<br /> - • terms of payment, such amounts shall be payablc upon notice from Lendcr to Borrower requesting payment thereof.
<br />: Nothing contained in tlus paragraph 7 shall require Lender to incur any expense or take any action hercunder.
<br /> 8. Inspection. Lendcr may makc or cause to bc made reasonable cntdes upon and inspcctions of thc Property,
<br /> r: provided that Lender sltall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to
<br /> Lc�idcr's interest in thc Property.
<br /> 9. Coedemnation. Tl�e proceeds of nny award or claim for damages,direct or consequential, in connection with
<br /> any condemnadon or other taking of the Property,or part thereof, or for conveyance in lieu of condemnation,are hereby
<br /> ' assigned and shall bt:paid to Lender,subject to the rights of tlie holder of any mortgage, deed of trust or oWer security
<br /> : aorrrmrnt with n linn whir.h has nrinritv over this DCed of Ttvst.
<br /> _=—---�--�- -o-------._ ..--------- ••---- °-. - .
<br /> 10. Borrower Not Rcicased; Forbcarancc B��Lcndcr Not A Waivcr. Extension of thc timc for payment or
<br /> mudification of amortization of the sums secured by this Deed of Tnist granted by Lender to any suceessor in interest of
<br /> Borrowcr shall not operate to rcicasc, or otlicnvisc affcct in any manncr, thc liability of die original Borrowcr and
<br /> Borro�ver's successors in interest. Lender shall not be required to commence procecdings against such successor or refuse to
<br /> extend time for paytnent or othenvise modii'y amortic��tion of the sums secured by ttus Deed of Trust by reason of any
<br /> demand made by the original Horrower and Borrower's successors in interest. Any forbearance by Lender in exercising any
<br /> rigl�t or retned}•liereunder,or otlicrwise afforded by applicable law,shall not be;�waiver of or preclude tl�e exercise of any
<br /> � such right or rcmedy.
<br /> ' Fonn#739 NE (1019G) �j� Pagc 2 of 5 ,�f� ,
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