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<br /> .� , �9� ����� -2- ;�:
<br /> Horrowcr cavcnnnts thnt Borrowerls inwti�lly sei•r�cd of tho estatc hercby conveyed und tuis'tho riglit to geant and , .
<br /> convay thc Prapccty�und thnt tho Property Is unen�imiacmd,cxcept for sncumbmnccs of n�cocd. Borrowor coven�nta tJiut•
<br /> Borcower wnrmnts nntt wiU dcfend gentrally the titlo to tho Praperty aguinst ull clniins and demands, subject to •
<br /> encumbmna�of rccord. �
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<br /> (JBIIFQRM COVF?NANT�. Boreawer nnd I.endoe covonant und Agrea as follows:
<br /> � 1. Tt�yment ot Prlastpai and 1nYerea� Barrower ehall prompUy puy w+hen due tho p�incipal and interest Y�,,,,
<br /> �1 Jn¢�bicdness cvidcnc�d by the Noie aad late char�cs and othor chnr��as provlded in tho Now. � :�.�� �� • :
<br /> •..';Yr:;;:+�►• , � L
<br /> '" ' 2. Puyment o!Tnxce. Subjoct to appllcubio law or e wrltten�vaiver by Lender,Horrower shall p�y taxcs and � ���'
<br /> A��.:4:.
<br /> , assessmenta(including condominium and pla�ned uait davolopmeat�essments,Ef uny)which may attain pdorlry over this �•
<br /> , Deed of Tn�st,and$round rents on the Property,if nny ---
<br /> � ' 3. AppUcation of Payaresnte. Unl�s appliaabla law provides othenvlss,all payments receivcd by Lcnder under �'--
<br /> - ; the Now aad parAgraphs 1 und 2 kereof shall ise uppli�td by Lender fitst In payment of amounte payablo to 1Gsnder by fRt�:;--
<br /> Borrower under paragraph 2 hercof,then to intorest payubla on t he Note,an d t hen to t h e p r t n c i p a l o f t h a N o t o. ���°
<br /> �r•
<br /> t ' 4. Prtor Mortgages an�Dceds of Trus�{Churgesi Liens. Borro�ver shall perform aAl of Horro�ves's obligations �
<br /> �,.,,
<br /> � under aay mortgage.deed of t�vst or oiher securitq a�emcnt w�lth u Ifen whish bas prior[ty ovcr this Deed of Tcust, —,.�..
<br /> �:
<br /> }_ indiuding Bormtver's oovenants to make payments whan due. Horrower shnU pay or caus4 to be paid.Prior to deliaquency� �;,�
<br /> � �,;! alI taxes,asscssments and other cbsrges.8nes aad imposi�ioas amibvtable to the Pragerty which may attain a priorlty over --
<br /> ' this Deed of'Trust,and leasehold payments or growtd renta�if airy. �c.:�^"
<br /> � �
<br /> -� ` S. Hazard�eisurunce. Borcowar shalt kcep tfie improvements now exisiing or hereaRer erected o�t the Property
<br />- . .'F insurEd against loss by fue.ha7arda inciuded within the term"extended coverage",and such other haierds as l.euder may —���'
<br /> . reqnire and in such amounts aad for such pedods as I.�n�er may reqnire. �,`a,;`;
<br /> ° � Tho insuranx cerrier providiag the iasuranx shall be chosen by Borrower subject to appmval by L,ender. �.�Q��n;
<br /> .. , :�•� pravided,that such epproval shall aot be unreasonably withheld AU insureace policies and renc�vala ttiereaf shall be in a �-:�-__
<br /> ::�.
<br /> form acceptable W I�eadza and st�all include a stendard moetgage clause in favor of und in a form acceptable to I.ander. _
<br /> . .� , rtt�e.de�d of trust or sszi: ,--
<br /> �+, I.endgr shait hav�iLc�n��T t�ha2d ttia�altci�assd renc�sls s�4 st�hj�t i�rhA terms of any mo �
<br /> ' 7�'�' other securiry a�eemeai w'ith a Uen which has prlotlty over thiis Deed of Tiu�?. ,;:;<,•;;�.
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<br /> . ;:��''v,A" 1n tho eve�at of loss,Borrower shall give pmmpi notlao to the infairnnca carrier and Lender. I.eader muy make �,��.'-
<br /> :� ..� ��%"`; proof of Ioss if not made promptly by Barrower.
<br />:+� ,. '.• If the Propetly is abandoned by Borrower,or if Borrower f�ila to respond to Leader�vithin 30 days f�om the dat�
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<br /> . � ���°•'' notice is mailed by I.ea�dzs to Borrower that tho in.s�n�nce carrler offors to settle n claim for insuranoe bercefile.I.ender s �„�;:,
<br />�`�5�'r��`'� � ��. i 1 the insuse�►ce praa�➢s at LendePs option eithor to reatoration or repair of the Properiy or to �';=:
<br /> ,,�., .. . �,� auWorized to oollect aud aAP Y w;�:v�
<br /> �%�;��i th�swas secured by this De,ed of Ttust. -
<br /> -� � �� 6. E►+eserv�.tion And Melntenancc af Property; Leitseholda; Condomtaluma; Plaaned Unit
<br /> ti.�,,,-�.,_";' IIevelopmente. Homower shatl keep the PropcssriY i�►800d repair and eha�1 not aommit waste or penait impairment or ---
<br />-�.'u�5�'r''�'� ' deterioration of the Paoperty and a1�aU oomply with ttce provlsions of eny leaso if tlils Deed of Trnst is om a teasehold if Wis
<br />�J���"'r' Deed of Tn�st is on a unit in a aondorninium or a planned unit development,Hormwar sdall perform al1 of Hoaower's
<br />�a,�vw:w�eV'v�•�'.^`
<br />�Mr�:.,."� obligatioas under the declaration or coveaants creating or govenilng the condominium or planned unit develapmeM,tha by-
<br /> i'n�j;`��:�••x��:; Iaws ond regulations of the aondominium or plu�ed unit dcvelopinent,and oonsKituent davmonte. __
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<br /> ';;,�,• �. 7. Proieetioa ot I.ender's 3ecudty. If�orrotiver fails to perform the aovcna�us+iad a me�a9s contatacd in
<br />_ ,�=;�.:
<br /> � .s;f.;
<br />__°_,:.,:".� thia Dc�ed of Trust,or if any action or pmxeding is cammena�d which materlally afl'ects Lende�'s interest in t2�e ProPeriY. �iu�::.
<br /> i}�:'.:.A� ,� ..;.;,''; then I.eader.nt Lendcr's aptlon,upon notice to Bflrrower, may make such eppearauaes.disburse such aums� including �
<br />=.�r`.''-.";��:wf''.��;� reasonable attomeys'fces,and take such action as is neae.ssary to protect I.ende�s iaterest. If Lender requi�mort�ago __
<br /> ,.,.�<< ti_,.
<br />?;:.,,,�J:�; .,.. . insvtattae is a auuclition a3'makiag tl►�lo�t 5ccured by Lhis Dee�ef'�'rn�t,Borrower Rha11 pay the premiums re4uired to �?
<br />_1;,�`.,�„�;:„�•: . maintaia such insuraace in effe�t undl a�ch Wnv as the requirec�eent for such iasvrance ia termiauted in s000rdance with ,y,,.
<br /> �, � Bosrowe�'s and Lender's wrtttea agroera�ent ar appllcable taw. � �"'°'
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<br /> ' '". pmg,umaunts disbursed by LcaQer pussuant to this F�ag�aph 7,with inte�st thereon. at the Note iate� aht�U -:-
<br /> � b�ome�s��tian�l indebtedness of Borrower cecured by this Da�sl of Tcust. Unless Hoxrower a�d I.ender egree to other =_
<br />- ' � terms of puyment, such emounta shaU bcs payable ugan noflce from I.ender to Borrower requesting payment thereof. ---
<br /> :�:.ic. � —�—
<br /> ��:. NothinB contained in th9a para�raPh 7 siiall re�uir�Lcnder to incur any oxgensc or tnke any ection hereunder. ";_
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<br /> , • �. Inapection. Londcsr mf►y make or couEe w bo mnde reasonuble ontdes upon nnd inspections of the Prope�4y. �a"_.
<br />~i,;. ', pmvide6 t�at Lender shaU give Hornowa mofloo prior to tury suctn inspecbton spoc[ij+Wg reasanuble cause therefor related to ��.�
<br /> ���� � L.ender's luterest In th�Proporty. ���'`�
<br />.'�., . �,.,�,;:
<br /> :: �.i Kl.'�;i,�.
<br /> �� ,- 9. Coade�snattoa. The pmoeeds of any award or claim for damages,dir�t or con�oque�►dai,in eonaecKon with ��,;-_
<br />--=-�"--� any u►ndcmaatfan or atker isk�ng of the Pro or art tharcaf,or for aonveyanx In Ileu of candemnstior�.are hereby �'..
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<br /> Pe . P ��::.
<br /> -�-- ....�._�.a.....c.t..,w.tAp...4'onv mn*t�ne d�d di t�tlEt OI OtItCT 50R114�y
<br /> - -_._ =T— IIS"j�p tinu eaait oo paio io i.c�ncci. eiivjo�.:w..w..g..a...•�•••••,�•� •---,r ----o-o-• -- -
<br /> „ � ��; agnxmont with a Hen wMch has prtority avcr this Dced of Tmst.
<br /> ° " 10. Borrower Not Rcleaaedt Forbearx�ce By Lendcr Piot n Waivcr. Extension of the time for payment or �1 •�
<br /> moei�fication of amordzation of the sums secuccd by this Dc�d of Tn�st gmnted by Lender to acry suoxssor in interesc of
<br /> Borrower shali not operate to releaso,or othe�wise affect in avy manaer, the liabiliry o�'the ori�inal Brrro�'ecr end
<br /> Bomuwer's suoxssors in interest. Lcnder shall not bo�+equfred to aommenoe pmoeedingR e8ainst such suooessor or aeiLss to
<br />_ .. „ � extend time for paynneni or othenvi�s modify amoidtaUon of the sums secured bY this Ucc�d of Tntst by reason of uny ;
<br /> ' ', demand mnde by the ori�inat Horn►wer aied Borr�vc�s suoxssors in interest. Any fo:braraaoe by Lertder ia eacercising auy �
<br /> �� � riahi or remedy hereunder,or othenviso aiTorded by applicnble Inw,shult not 6e n�vuiver of or preclude tha exen�iso of any �.
<br /> . such ri�lit or romedy.
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<br /> Form 1l739 NE (10/4G) Puge 2 of S "
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