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<br /> � shall kecp the Property in good repair and shall nm commit waste or permit impuirment or detcrforatian of the Property and --
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<br /> �. shall comply with ths provisions of any lease if�his Dced of Tn►st is on a leasehald. If this Decd of Trust is on v unit in a —
<br /> ; � condominium or a planned unit development,Bortower shall perform all of Rorrower's obligations undcr the declaration or --
<br /> ` ._� cuvenants crcating or gaveming tho condominiurn or planned unit development, the by-laws nnd regulations of the !
<br /> condominfum or planned unit develapment,and constituent documer.ts.
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<br /> .',,���, .: 6. Protectlon ot'l.ender'sSecurity. If BaROwer feils to perform the covenants ahd agreements contuined in this f7eed of
<br />" Trust,or if any actian or praeeding is commenud which materially affects Lenders interest in tne Property,then Lender,at
<br />'�: ` L,enders option,upon notice to Borrower,may make such ap�xarances,disburso such sums,including reasonable attomeys'
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<br /> -- �� ""'� fees,and take such actions as is necessary to praact Lenders interest.
<br /> � Any amounts disbursed by Lander pur�uant to this paragraph 6, with interest thereon, at the Note rate, shall become
<br />'� additional indebtedness of Borrower secured bythis Deed of Trust. Unless Borrower and Lender agree to other tetms of
<br /> � ' payment, such amounts shall be payable upon notice from Lendcr to Borrower requesting payment thereof. Nothing
<br /> �� � contained in this paragraph 6 shall require Lendar to incur any expense or take any action hereunder.
<br />?�;- '� � 7. InspecNon. Lender may meke or cause to be made reasonablc entries upon and inspect(ons of thc Property,provided
<br /> that I.ender s ha l l give Bortower natice prior to any such inspection specifying reasonable cause therefor related to Lenders
<br /> ' interest in the Property.
<br />''�. S, Condemnation. The proceeds of any awazd or claim for damages,direct or consequential, in connection with any
<br />- ':;-fi;, condemnation or other taking of the Propecty,or part thereof, or for conveyance in lieu of condemnation, are hereby
<br /> � assigned and shall be paid to Lender subject to the terms of any mortgage,deed of trust or other security agreement with a
<br />,':�t y.�;; lien which has priority over th is Deed of Trust.
<br />" ' � 9. Borrowcr Not Released; ForbeArpnce Sy Lender Not a Wpiver. 'il�e E3orrowcr shall remain liable for full payment
<br /> . ''' of the principal and interest on the Note (or any advancement or obligation)secured hereby,notwithstanding any of the
<br />- a' following: (a)11►e sale of all or a part of the premises,(b)the assumption by another party of the Borrowers obligations
<br /> ':�f ,� . �' hereunder,(c)the forb�aran�e or extension o(time for payment or perfortnance of any obligadon hereunder, whether
<br /> y�'�'� ����' granted to Bortower or a subsequent owner of d�C piu�,c��',a�'�d(d)�e:el�asP�f e!!ns any part of the prcmises securing
<br />=;;�.;Y;;, ... said obligations or the rolease of eny party who assumes payment of the same, None of the foregoing shall in any way
<br />".�.�.- ' affect the tLll force and effect of the lien of th is Deed of Trust or impair Lender's right to a deficiency judgment(in the event
<br />��� ` of foreclosure)against Borro4yer or any party assuming thc obligations hereunder.
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<br />�:.' .. • , Any forbearance by Lender in exercising any right or remedy hereunder,or otherwise afforded by applicable law,shall not
<br />"�-�>. be a waiver of or preclude the exercise of any wch right or remedy.
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<br />=�`•��ro�-�""• 10. Successon pnd As�l�na Bound; Jolnt�nd Severel Llwbllity; Casteners. 'll�e covenants and agreements herein
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<br /> ._ �.� • contained shall bind,and the rights hereundershall inure to,the respective successors and assigns of Lender an Borrower,
<br /> yr'�` . ,:,. subject to the provisions of paragraph I S hereaf. All covenanu and agreements of Borrower shall be joint and several. Any
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<br />�""";-:.:'�• Borrower who to-signs this Dted of Tnist,bul does not oxecute the Note:(a)is co-signing this Deed of Trust on y ta grant
<br />'F Y�+:�;;f and convey that Borrowers interest in the Property to Lender under the tenns of this Deed of Trust,(b) is not personally
<br /> "=y--,4� , liable on the Note or under this Deed of Trusw and(c)egrees that Lender and any other Borrower hereunder may agree to
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<br /> '_��'"��"- extend,modify,Forbear,or make any other eccommodations with regard to the terms of this Deed of Trust or t e ote
<br />�'�' � '�' without that Borcowers consent and without rcleasing that Borrower or modifying this Deed of Tn�st as to that Borrower's
<br /> ;;� . .;,. � interest in the Property.
<br /> ' '�''*'' �' 11. Notice. Except for eny notice required under applicable law to be given in another manner,(a)any notice to Bortnwer
<br /> - provided for in this Deed of Tntst shall be giren by delivering it or by mailing such notice by fint class mail addrcssed t�
<br />=``���`/- Borcower or the current owner at the Property Address or at such other address as Borrower may designatc by noticc to
<br /> � ��` � � Lender as provided hercin,and any other persai personally liable on this Note as these person's nnmes and addresses appear
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<br /> - - in the Lender's records at the time of giving natice and(b)any notice to Lender shall be given by first class mail to Len s
<br /> • address stated herein or to such ather address as Lender may designate by notice to Borrower us provided herein. Any
<br /> notice provided for in this I�eed of Trust shall be deemed to havc been given to Bortower or Lender when given in the
<br />� • � mnnner dcsi�nated herein.
<br /> 12. Governing I.Aw; Severnbility. The state and local laws t►pplicable to this '�eed of Trust shall be the laws of the
<br /> . jurisdiction in which the Property is lucated.The foregoing sentence shall not limit the applicability�f Federal law to this
<br /> Deed of Trust. In the event that any provision or clause of this Deed of Trust or the Note conflicts with applicable law,such
<br /> conflicts shall not affect other provisions of this Deed of Trust or the Note which can be given effect witliout the conflicting
<br /> �`• provision,and to this end the provisions of this Dced of Trust�nd the Note are dcclared to be severable. As used herein
<br /> —_�: "costs","cxpense�'and"attomeys'fees"include all sums to the exten;not protiibited by applicable law or limited herein.
<br /> _,_..___. �....,.....,.��,Aii� e�R,�d,�d a conformed copv ofthe Note,this Deed of'Trust a�id Rider{s)at the -
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<br /> � time of execution or aftcr recordation hereof.
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