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<br /> . Unless Lender nnd Honow�r othernisa agrea in writing� any applicatioa of pmceeds to principal shall not extend or ---
<br /> • _, postpone the due dats of the monthly payments i�efen+ed to�n pare8raphe 1 e►nd 2 or chaisge the amount of the payments.
<br /> Ii nnder paragrnpA 19 the Prop�ty Is acquired by Lender, Borrower's ri�t►t to any inaurance poltcies and proceeds
<br /> " eesulting 4rom dnmega to thd PropertY Prlor w tha ecquisition shall pasa to 1-ender to the extent oY the aume secured by
<br /> this Secur�ty Inatrument immediately prior to the acquieition.
<br /> 6. �reservation ead Msinteneace of Peog:.etq; Len�eholds; Condo�niniunns; Alonaed Uait Developmeu4s.
<br /> � Barrower ehe11 keap the Property in go�d repair and shrill aot cosnmit aests or permit Impairmot►t or deterioratlon of _-
<br /> the Property and shall comply wlth the provisiona of any leasa if thle Deed of Trust is on a leasehold. lt this Tleed oi ___
<br /> + Trust ie on a unit in n condominium or a planned unit davelopment, Borrower ehell perPorrn all of Barrower's
<br /> �=ti�~"`J- ob1igations under the declaration or covenants creatiag or governiag the condominium or plenned unit development,the
<br /> ,��� '�'r�- by-laao and regulations of the condominium or planned usrit devetopment,and constituont documenta. µ
<br /> 9. Protection of Leader's Secu�rity. If Borro�rer fails to perform the covenants aad agreemente contaiaed in this ��`
<br /> Deed o4 Truat�or if any action or proceeding is commenced whtch matertelly affects Lender's�ntereat ia the Property, `
<br /> then Lender, at Lender's option,upon notice to Borrower. may make such appearaace3� disburse auch suma,includiag �.J
<br /> reasoaable attorneys'fees,and take such action as is aecessarY to protect Leader's intereat.If Lender required mortgaga _
<br /> ` ineurance as a condition of making the loan secured by this Deed of Trust,Borrower shall pay the gremiums required to �._
<br /> �� maintain such insuraace in effect uatil auch time as tha requiremeat for auch ineutanca tarminates in accordence with �-
<br /> �. Borrowet's and Lender's wrIttea agreement or applicable law. Any amounts disbursed by Lesider purauant to this _-
<br /> � ptua g r a ph 7� with ipterest thereon, at the app lica b le con t r a c t ra t e.e h e l l b�c o m e a d d i t i o n a l i n d e�t e c ln�s of Borrower a
<br /> secured by this Deal of Trust. U n less B o r r ower aa d L,e n d e s'8 g�t°°t h e r�'�1 e°� P�Y m B nt,suoh amounte shall be �':-
<br /> payable upon notice from Leader to Borrower requer�ting payment thereof.Nothing containod in thie paragraph 7 ahall �
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<br /> require Lender to incur any egpense rn'take anY action hereunder. -_
<br /> ° 8.Inapectloa. Lender may mske ar cuvse W l�e made reasonable entries utwn aad inspectiona af tha Property, �:_
<br /> ;� provided that Lender ehall give Bosrower notics prior to any such inspection epecifying reasonable cau�e therefor related _
<br /> `� ta Lender's intereat in th2 A'ropertY. —
<br /> 0 9. Coade,annetion.The praceede of any awerd ar claim for dsmages�direct or coasequential,in connection with any
<br /> condamnadon or other teking of the Progerty, or part thereof�or for coaveyance in lieu of coademnation, ere hereby
<br /> - •. - : assigned aad ehall be paid to I.ender, subject to the terms oi any mortgnge,dced of trust or other security agreement
<br /> '`' ��� J with a lien which has ptiorlty over thia Deed of Trust.
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<br /> 10. Borrowar Not Released; Forbearanco By Y.o,��o= I:a: _ ��`•'Er, ��"�'on of tha time or payment or
<br /> ` � moditication of amortization of the eums secured by this Deed of T�.'at graate�by Leader to any succesEOr ia interest
<br /> �`�,' .�����. � of Borrower aad all other partiea ivho ere or hereafter 1�com�e seoonda�ly liablo ehali not operate to releasa. in any
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<br /> ' .�..�:,�,•� maaner. th��liability of the original Bonnwer sad BOrcower's successors in iatereat. I.ender ehsll not ba re�{uired to
<br /> ,��` • �'-�` comnneace proceadings againsr su�h euccessar or refuse to extead time for pQYment or otherwise modify amorttzation
<br />_ -_.�.�.p..�,
<br />.�:��7,��: �.••;�� of tha sums secw'ed bq this Deed ot Tn�st by reason of eay demaad made by the origiaal Borrower and Borrower e
<br />�``';,,.'.:.�r'�-;; ' succesrora in iaterest.Any forbearanca by Leader ia esercising aay right or remaiy hereunder,or otherwise atforded by
<br /> � • appliGable law.ehali not ba a waiver o4 or precluda the axercise oi any such right or remedY.
<br /> .��`li,;`� 11.Snccessors aad Assigns Houad; Joiat aad Soveral Liability; Co-signess. The covenent� and egreoments
<br /> '. . herein contained sheU biad.aad LYie ri�hte hereunder ehell inure to,the re.sPect�ve success°re and assigns of Lender and
<br /> "`���,��`�,, eats oi$orrower shall ba joint aad
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<br /> __--,.;.z,. Bonower,aubject to the pmvisions of paragraph 16 hereof.All covenaats an a8ce�m
<br /> --r�.---� several. Any Borrower who co-sigas this Deed oi Trust� but dces aot egecute the Nota� (a) is oo-isigniag t}tie Deed oP
<br /> -�:�`�`--:�� Trust only to p�raat end convey thst B�rrower's imterest in tAe PropertY w Leader under the tarms oi ttris Deed of Trust.
<br /> "-�''``��� nally tiable on the Nate or under this Deed of'frust,aad(e)agc�ees th�t Leader and any other Borrower
<br />—__-..�,,,,h�� (b;ie aot parso
<br /> -_��%�� ..hereunder may agee to estend,r�nod�fy�farbear,or make any othar aoco�modationa with regard to the terms oi thia
<br /> Deed of Trust w the Note.aithout tbat Borrower's vonsent and without releaeing that Barrower or madifying this Dced
<br /> ��;'i�'rLp,,,,� of Trust ae'tA that Borrowet's inte�t ia the Yroperty.
<br /> ._�.�� 12 Notice. Except for eay natica required under BPPlicable !aw to b�given In aaother manae�'► {a) soy notice w _
<br /> -=:��=s�� $orroprer provided for in this Deed of Trust shatl be given by delivering it or by mailiag such notiee by certified mail
<br /> _�� Sddfp38ed to TorCOwcr nt'eii�i ro�,�ty�,�.d.-�ot'at �H�h nthet:±ddt�s.�eg BorroweT may desigttste by tlotice to I�nder
<br /> - T��"•'�' as provided herein,and(b)anY noric�co Lender shati ixi given bp ccstif'ed�ei! to Leae�er'e addreas sta4sd herein nr to ..
<br /> �.� _ such otl�er addres�as Lender may de�signate by aotice to Borrower as provided hertlia. Aay antice provided for in this
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<br /> - .�'"'�n'��.� Deed oY Trust ehall be deemed to 6eve beea given to Borrower,or I,ender when given in,the�nanner designated n.
<br /> -- °-=��"- 13.Governiag Law:Seves��dlity.Tha etate and local lawa of the je►risdictioa in which the Ptoperty is located shaU
<br /> ��-=�--.`� t apply eacept whera such Isws confilct wiih Federal law; in 9vinch cese. Federal law shall applp. In the event t�et any
<br /> �w::�.�:y°,:, � provision or clause o#thia Deed of Trust or the Note conilicts with applicable taw.such coaftict st�all not affect other
<br /> _ `•' v :. provieiaas of tlus Deed of Trust or the Note wluch can be given effect without the conflicting Frovision.aad W this end ,
<br /> ?'.n ' - the v�e�ona of this Deed of Trust aad the Note are declared to be severable.As used herein� "costa�" "egPet►aes,"and
<br /> Pro . .
<br /> _�� � ' �"�^ "atwrnays'fees"include all sums to tha eat,ent not prohibited by applicable law or limited herein.
<br /> - . �� ��� 14.Bonowar's Co�y. Borrower she11 be furaished a confonaed copy oi the Ndie astd of this Deed oi Trust, if
<br /> � � requested�at the tima of execution or after recordetion hereof.
<br /> _`M1 � ,��r 1S.RehsbiliYatioa �Loan Agreemea� Borroa►er shall fuliill all of Bormwer's obligatinns under any home
<br /> - �:. rehabilitation, itnprovemeat. reg�aiP+ or other Ioaa ag�emeat which Borrower etrteca iato with I.ender. Lender� at
<br /> � __�,;� Leader's option,maY re4uire Bmar�wer to esecuts and deliver to Lead.�.t.oac8ahn�a�l�n abbor. maLedals or servl'eesein
<br /> ;�'`- ' of aqq rights,claime of aefeilses waian norrowci�iiay .�...a�......�--- - -- •• -
<br /> , _ oonnection with improvements mada to the Pmperty. art of the Pro or aa intereat thereia. -
<br /> �� 16.Trenafer oi the Property If Borrower sells or ttansfers e11 or aaY P � _
<br /> � excluding(a)the creatioa oi a lien or eacumbraace subordinste w this D�d°f Tnrst. (b) a transter by devise.descent, -
<br /> or by operation of law upon the death oY a joint tes►as�t, (c?�e�t of any leasehold intereat ot three yeare or tess not �
<br /> oonteining an option to purchase.(d) the creation of a purchase money sECUritY interes�for household appliances. (e) a _
<br /> tcansPer to a relative resultit►g from the deatls of a Horrower. (f)a transter a'here the spouse or ctuldrea nf tha Borroaer
<br /> �� become an owner of the propei'tY, �g1 a transte�'re��lnng fmm a decree of dissolution of marrIage. legai separation -
<br /> " agrzement. er from an incidental proPertY settlement agreement, by whiclh the spouse of the Bortower becomes as► _
<br /> , .� I�QD1993
<br /> ' OZ-�8-99 OOT
<br /> _ Of116 tFL1l I��,"�����„�����'�"
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