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<br /> j � _ (Page 3 oi S) '
<br /> -:--. � .� . � . g�� ����� - -
<br /> Unle�s Leader and Borrocver otherwise agr��i».mnt�ns> anY 8PPlication af proceeds to principal shall not extend or �.- .��-
<br /> . 1. � gastpone the due date of the moathly paYments r2Ferred to in ParaSraPl�1 and 2 or change the amount of the paS ments• `,•
<br /> �.' • � � �d�er patagraph 19 the Property is acquired by L,e�der, Borrower s right to any insuraace policies and procee�s >�,�
<br /> • � resutting from damage to the PtopertY tmmr w the acquisition shaU pass to Lender to the eatent of the sums secvred bq .:�_;
<br />.� � tnis Security In.�mument�mmediatel�prior to the acquisition. .
<br /> � 6.Pressrva4ian and l�iaintensncc o� Prog$rty: Leaseholds; Condamiaiums; Plmnned IInit�a���on oi
<br /> Borrovrer sha11 keep the Propertl*in gaod regair and shaU not caffimit waste or permit impairm : _.
<br /> sh r' •
<br /> tiie Property and shall camply with tlne provisiona of aay lease if ttus Deed of Trust is an a tease�old o B����8
<br /> __�_ - '�.�,,:�: %s on a unit ia a candominium ar a planIIe� unit develogmeu� Borrower s1�.. ��"�'- WI ^,:',`
<br /> .�.��` .�-..�the cand��'�. c:--��_,;,_;,_r.:�-°lapnnea�,� ..',�-
<br /> .w � r�3��i��irJ^,..s under the declara4ion or covenants cre�.�;�+=e,�." -ti, ' ��,,°
<br /> er �r;�;'
<br /> ��-1;�.3or;�d mgulations af tlsc rnndominium or pYaun�,:�:=�"'�=''�����`=�`a�t docusaea� _ ' ' 'g��`j.
<br /> �. x"'rotection af Y.ender's Security. If Bono�rer��� �r"e-`�`�r'�'the coti•enants and agreemen��.-==_="== i�� �w,v_
<br /> y?$ed of Trast, or if aay action or praceeding is commenced which materiallp affects��bu ����ncu�:ng _
<br /> , � then I.eader,at Lxnde�s option, upon notice to BorroNer, ma�mak�ch�aa��_ ��de�,required mortgaga
<br /> reasonable attorneys'fees.�d take such action as is n�'9 P�
<br /> � , iasurance as a conditioce n ef�ectn unt 1 su h t�'lme�as the requl'rem�ent or such insurance t�rmina�acsordaa ceith
<br /> ' maiataui such iasuraa ursuant to this
<br /> . ' �ono�er s aad Lender's �vritten agteeft►esit or app�.icable law. AnY amouats disb�rnd by I.euder p
<br /> ' : � r p��taph 7� with intere3t thereon,at the appleca�ld cLend�agee to othe�rcterms ot�tpa m�en�euch�amaunLs shall be
<br /> � �� secused by this Deed of Trust. L'nlws Bono
<br /> � ,� � payabie upon aorice irom Lendes to Horrocver requesting payment�thereof.Nothing conteined in thie paragraph 7 shaU
<br /> ' " require I�nder to ineuf any e!tp�=�=as wke any action hereunder. o� op �e praperty, -
<br /> � � � 8.In�pectlan. Lender may m�lce or es►use to o ��y s�0A8��iion specifY n8 reas°a�b���therefor related
<br /> provided that L�c►d�r shall givo Harrotver no4ice pri
<br /> �• �' to I,ender's interest in the Property• uential,ia conaection with any
<br /> 9.Condemastion.'fhe proceeds o�a�Y 8��or claim for damages,direct or co�l
<br /> ' conde�nnation or other takinS of the PropErty.or part thereof. or for conveyeace �b�o CO���urity agr�m nt
<br /> -- -� - assigned and sbaU lsd paid to Lender.subjact to the terms of anp mortgaP,e,deed
<br /> � e�ith a lien wlrich has prioritSr over this Deed of Tnrst.
<br /> � � � 10.Horrower Not ltxteasad; Forbearance BY Lendet Not a Naiver. Estensioa oi tlae time for papmeat or
<br /> � madification of amorsizntion of the sams secured by this Deed of Trust granted by I.eader w anp�ssor in L�t�c�t
<br /> . . , af.flnrro�ves and all other parties who are or hereff£ter becoms secoadarily liahle sball not operarst t,� �leas�,i.� say
<br /> .. . ,; ..
<br /> , • �; saaaner. the liubilitg of the ori�inni Borrocver ar.d Borrorrer's successora in iater�c.Lender shalt m�=�`-���tO .—
<br /> �����p�������au�st such successor or refuse to escend tisae for paymeat or other�vise is:�::=%�em�rta�==-�ion
<br /> . . , - - uE che sums sa.vred by this I?eed of Trus�y�r�cvi ercisi g anY nSh o�r��y hereu derBor o&�..�cr.se af�orded by
<br /> :,,.t:! ,, ras�cessors ia interx�t.Any forbearance by
<br /> . . " epplicable law.shall not be a Naivec of or preclu3r�i?:exercise of aay such righ2 or t�em�e ���� �d ageem�n�
<br /> . ,;• 11.Suceessors end Assigns E,�e�n�: do��:nd Several Liability; Ca-sign oi��,�,�d
<br /> ' hereia cantaiae8 shall bind,and the rig,'�ts here��et'shall inure w.the respective suce��t���do����rairsc and
<br /> . .�:,..' IIArrower.subject to the provisions of paragrariz t�heteof.�,11 covenanu and agreem � �. •n this Dead of
<br /> _,�+: r,��:ral. AnY BortoNer who co'sigas this Deed. �.1` �:vst. but does noi esecute the Note, a} is cm �P� $
<br /> ,=':_`��,;r_.,;.:� T��^:mnlp in grnnt ond convey that flonocver's i r rti�:a*.ia the Pmperty to Lender undet tha terms c:�:d T`Dee3 oi'�rust,
<br /> - =�gy+_��'�'�- 1�' is sutis d�ae l ly lia b l e a n the Note dr uudc-*�s.�eed af'Trus4,aad (c) egrees that Lender aad��ts�, _:�:s Borrower
<br /> -�•��:�= � r C �- a ee to eatend, madifp, far��r.�-make�.n.Y rther accommodations with reg a r� c�r�:.:«.-r��Fao'this
<br /> =��,;�`:�;;' � iz,s�uader!�s.�� S�'
<br /> -:{',�,-=; �' �of Trus2 or the R?ots,evit2wut that Borroc:cr�=_coasent aa�without releasing that Bofrower a=^:•=1�9iAg�
<br /> -`�:•.� . .. of Trust as to th�t Barrrrrr:�'s interest ia th�Fra��'LY.
<br /> ° 12.Notica. Excenz ten'anY notice required ;.::der applicable law to be �iven in another :aartn��= ta?�Y notice to
<br /> �'-=�.:,,.�_. �.
<br /> �<<�"�;a� Bonower provided for in this Dee�ef Tsvst s`►a11 be given by delivering it or by �nailing suah�=t�b no ce to�Lend
<br /> ..''-';, ;•. .:::' ' add�.essed to Borrocver at the Propet3�;Addrers cr at snch other address as Bflrrower av�?�8� � Y
<br /> 'P . �x provided hereia,aad lb)any notice to Len.d�'::�.`-all ba given by certified mail to Le.�der's nQ��?���o nn tlus
<br /> °;�;-�= �, �s
<br /> -`�.,. ven in the mas�c��:�:=iga�►ted herein.
<br /> :�,.r,,, .: . such other address as Lender may desi�aate�} :��ri,:e to Botracver as provided hereia My 1`"
<br /> ,:' ,•r,��° �� veed of Trust shall be deemed w have been�i�''•�s�7;Bonocrer or Leader when g�
<br /> ;;�� .
<br /> ' �� 13.Goveraing I.ew;Severebility.The st�tr:�t�.�local lacvs of�.he jurisdiction in which the Pr��'LY is laceted sh
<br /> ' gedernl law shall agply. �as :�e event that any
<br /> • • . ePP�Y e�Y cvhere such IaNS conflict �vith Fe3r�-�.i lavr, in wlach case,
<br /> . . ptovision or clause ofc this Deed a�the Note ��i li���n�ven effect wpthout the wnflietin pra�i�n�n,nand to tlue nd
<br /> . . provisions of tmis Deed a4 Trust or °r,n,_t:�," "espens�."and
<br /> ,., . the provisions oi thia Ticed of'Trust an�t!.r.:r,}�7:are d�lared to be c��i81w or�limi2edh herein•
<br /> � '• "attorneya fees include all sums tn�hr.estent not prohibited by app� � o�the Note and o4 tlus Deed oi Trust. if
<br /> �� ' 14.Dorrower'c Copy. Borro�v�snn11 be furnished a conform PY
<br /> � � teyuested.at the time of eaecution or after recordation hereof. _
<br /> i 15.Rohabilitation� Loaa Agreetmmentjh�Bolr%,8�sh m�i��hich 1Barrocver enters nto IIvi h Lender. I.ensler, at
<br /> � �: � rehahiliEation, improvement, repair. or o �
<br /> � ' . '? 6 I,ender's optian,may require Borrocver to eaecute snd deliver to Lender.in o form ecceptable to Lender,aa eyignm�nt
<br /> • �'µ • � ' o;any rishts,claims or defenses which Borroner moy have egainst pFUties Nho �uppjY�a�r, materi�la or services in
<br /> connection cvith improvcmen�my de to the PropertY• or an interest therein,
<br /> ' 16.Ttansfer of the p*o lien or Ben mbrance subo d nnte o th9s Deed of'Trust elb) II t*f►nsfer by deeise,des,cent, _
<br /> � � � excludin� (a)the creation oY a �
<br /> or by ogeration of laH upon the death of a joint tenant,(c) the grs�nt of ony leas�holcl interest of thres yeass or less not
<br /> coAtuinin�on option to putchnse+ �d}4ite creation of a purchus;�m��e°�� the��f�f a-chi dren f t�he Borrower
<br /> � � t r a a s f e r t o a r e l a t i v e r e s u l t i�g from the death o?a Borrower, tion
<br /> � b�cnme an omner oi the pte�pertY. ��) a���' resu iting frors� a de c t e e o f d i s s o l u 7 a c n a f m:i r r i a ge.le g a l s e p a t e _
<br /> t ent, by cihich the spau� of �h�: L'tyrtocrer becomes t►n
<br /> . � agcement, or from un incidental pragertY se tt lemeng a�m `-
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