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<br /> cave�anr�YO ,
<br /> L Pnyn:ot�. Clorrovror oprcoo to mc'co cll paymontn o�i fho ceautc:3 dobY erfisn duo. Unlaoa Dorrowor und Londor nproo othon�rino, uny
<br /> paymento Landor rnoolvea from 6orrower or Tor �otrotn•er'a benaflt wltl h9 epplled fitet to o�y nmounto Borrowor awoo on tho 000ured debt � :� ;
<br /> onoluclvo of Internat or prinoipel,0000nd to Interest,ond thon to princlp9l.If partln!ptcpaymont ot tho 000urad dobt 000uro fo�nny r0000n,It wlll ,
<br /> " not reduoe or esccuae eny eoheduted peyment until tho eeoured dobt la p�fd In full. .
<br /> ' 2,Cl�Imo Aprin�t Y(tl�.8onowat wlll pay o!I toxoo,aeseeom�nte,nnd othe►uhctpeo attrlbutoble to the proporty when duo artd wlll defe�d title t �, �
<br /> " to the property epeinet any olnlma whlah would Impnlr the Ilen of thle Aeed of truot.Lendor may requlre E'Arrowor to c�oulpn ony rlph�o,cialma or � ' �
<br /> do}en�ee whloh Horrowe►mey have epalnet penlee who eupply le6or or meteriat�to Improve or molnxaln the property. � �'
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<br /> � 3.[;��utcnc�. Qorrot•rar �•rlil Icocp tho praporty Incurcd under terma eooepteble to Lende�at 8orrowe�'o exponoo nnd for Londor'e benefit, All
<br /> In�uunoe polioles ehell inolude e etenderd mo�tpepe olause In favor o}Lender.Lender will be nemod ae loee poyee ot os the Ineurod an eny ouoh . ''�
<br /> ineurenoe polioy.Any Innurenoe pr000sdv may be eppiled, withln Lsnder'�dl�oretlon,to either the restoretlon or repeir of the demeped property i � �
<br /> or to tha seoured debt.If Lender requlrea mortpbpe In4utanoo,Botrowor eprees to melnteln suoh Inaurenoe for os lonp ae Lender requlree.
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<br /> 4.P�opnty.Do►rower wili keep the property in pood oonditlon end meke ell repelre reeaonebiy neaeeaery. �
<br /> 6.Fxp�na��.Borrower apreee to pey ell Lender'o expenaes Inoludinp reasonable attornoys'feoe,i}Borro�ver broake nny aovena�te In this deed
<br /> „ of t�uet or In eny oblipetlan eeaured by thla dead of truat.�orrower wlll poy theeo amounto to Lender oo providod in Covonont 9 of thle daed of
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<br /> 8,Prla 6�cuefty Inten�t�. Uniees Bo►►ower iiret obta�ns Lender's written ooneant, Bor►ower wllt not make or pormit eny ehanpes to any prlor i '
<br /> cecudry Intoreate. Dorrower wfll pe►form oll ot Borrower's oblleetions under eny prior morteepe, doed of trust or other seourity opreement, .
<br /> , Includinp Borrower's aovonente to mako paymonto when due. '
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<br /> 7.AedDnment of R�nU end P►ofit�.Borrowor nsaipna to Lender the rente and profite of the ptoperty.Unloee Borrower and Lendor have apreed '
<br /> otharwlse In wrltinp, Borrowor mey oolloot �.nd retoln tho rente oo lonp ne Borrower ie not in default. If Borrowor defaulte, Londor,Londor'e "
<br /> epent, or e oourt appolnted reoelver may tako poseeaelon end menepe the properry and oolleot the rente.Any ronte Lender oolleote ahell be ,
<br /> eppliod firet to the ooete of inenepinp the property,i�oluding Qourt aoete end ettorneys' feee, oommiselone to rentei ngante, end eny other
<br /> neaeesary releted expuneee.The remalninp emount of rente wfll then op�ly to paymente on the eeoured dabt ae provided in Covenant 1, �
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<br /> 8.Lu��holdr Condom(nlums;Plsnned Unit�Developmenb.Borrower e rees to comply with tho provislone ot eny laose I(thle daeJ of uu�t le on � ,' �• �
<br /> e lonsohotd. 1�thle deod ot truet le on e unit in n oondominium or o p�annud unit dovolopmont, Borrowor will porform eli of Bonowar's dutiee
<br /> undar the oovonante,by-lewe,or ropuletlone of the condominium or plenned unit dovoiopment.
<br /> J.AuthoTity of Landn to Perform for Borrower. If Borrowar fails to porform any of Borra�vor's dutios undor this doed of truat, Lundor may � �� '
<br /> perform the dutlas or oauso them to bo porformed.Londar moy sipn 8orrower's namo or pay ur.y emount ii neoeseary for performanoe. If any
<br /> conatruotlon on tha property Ic dicoontinuod or not carriod on in a ron:onabio manner,Londor moy do whetovnr ia necossery to protoot Lander's � .:.'„•�_ s �
<br /> eecur(ty intereat In the praporty.Thie may inaludo oomptotinp the oonetruotion. � •� r� �
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<br /> Londer's fellure to petform wiil not prooludo Londer from axercisinp eny of ite othor riphte undor the Iaw or thie deod of truet. i ,� * �
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<br /> � Any emounte pald by Londer to protoot Londor's socurity intoreat will bo eoaurod by this doed of truut. Suoh amounte will be dua on dcmend � " �,�'
<br /> and wlll boar Interest irom the date of the pnymont untii pnid in tull at tho intorest rato in ottoot on tho eocurod dobt. '";";'
<br /> 70. D�fault and Accaleretion. If Borrower falls to make ony poyment whan duo or breake eny oovenante urxlor thle deed of truet or eny I ,? f`''" " �
<br /> obli8eticn seaured by this daed of trust or any prior mortpugo or doed of truet, Londer mny nocolerete the maturity of tho seoured debt and i ,�, �
<br /> demend immodlate 7�oymont nnd mny Im•oke tho power of sala end nny othor romodies permitted by epplioablo Inw.
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<br /> �--"�'� -- � 11. ROqUt�t t0�NotlCe ot Lt�fauit.it ie naroby raquos�od cnac copios oi iho nuiicee ui doieuii and naio bo aoni iu onoh poraon wiio ie a pwriy f ---,� ' -' ";,;��
<br /> herefto,ot the nddroes of oaah euoh peroon,as eot forth horoin. • , t. •�
<br /> 12. Power of 6a1�. If tho Londer I�vokoe the powor of ealo, tho Truetoe eholi tiret r000rd In tha offiae of tho rapieto►of doods of eaeh oounty I � � '��
<br /> whereln the trust property or eome part or parool thereof Is situatod e notioa of dotault cunteininy the Informntion roquirod by law. The Truetoe _
<br /> ehall also mell ooplea of the notiae of dofault to tho Borrowor, to ouoh poreon who is o party horeto, and to othvr pareone ae preeoribed by `•,.
<br /> appllonble Inw. Not lese than one month oftar tho Truetoe reoorda tho notfoo of defnult, or two monthe it tho truat property is not In orty i
<br /> Inoorporatod oiry or vflln{�e and le used fn furminp operatione oorrled on by tt�e truetor,tha Truetee shell give publio rotice of eale tu the pereona
<br /> and ln the menne��presorfbad by�epppliaeble lew.Truatoe, without demend on Borrowor,ehatl soll tho proporty at publia auotion to the hipheet " :, ,
<br /> bldder.If requlred by the Ferm liomestoad Proteotion Aot,Truetoe shnil oHer tho property in two seporate eolos ae roquirad by applfoable lew.
<br /> ' Trustee mey poetpone eaie of oll or any paroel of tho property by publlu nnnounoomont et the time nM piaao of ony proviauely soheduled sale. , ,, _;,
<br /> Lender or Its desipnee may purohase tho proporty ot eny ealo.
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<br /> Upon reoeipt of payment of the prioe bid,Trueteo shell deliver to the pu�ahasor Truatoo's dood convoying the proparty.Tho rooltiels oonteined In ,r 1 �,, j?
<br /> Truetee's deed ehall bo prima faolo ovidlonco of tho truth of tho statemonto conteined thoioln.Trustoo ehall apply tho pr0000do of the eale In the ) �
<br /> ' following order: (a) to all oxpansas of tho ealo, inaludinfl, but not Ilmited to, roesonablo Truetoo's foos, roesonoble attorney's foee end � ; � � +
<br /> relnatotoment fo6s;fb►to nll sume soourod by this dood of truet,and lol tho bolonao,if any,to tha poreone lopelty ontftiod to rocelvo ft.
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<br /> 13. fonclo�uro.At Londor'o optlon,thie dood of trust may bo foraolosod tn tho mnnnor provide by uppliooblo law for forocloeure of mortpafleu � I��1
<br /> , on rool property. �-_...., -
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<br /> 14. Insp�otlon.Londar moy antor tho proporty to inapoot it if Londor pivoe Borrowor notico baforohund.Tho notioo must etato tha rensonable r *`. � .
<br /> couso fo�Londer's Inspootion.
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<br /> 16. Condamnatlon.Borrower ossipns to Londor tho procoada of any award or oloim for demoges connocted with o condomnatfon or othor teklnp �M1�,'.
<br /> of ell or any port of the propony.Suoh pr0000ds wfll bo eppliod as providod In Covonent i.Thts asefpnmont ie aub�oat to tho terms of o�y prior 4
<br /> security oproemont. F,
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<br /> 16. Weiv�r. By ox�rolsinfl any remody availablo to Londor,Londor doos not givo up any riphte to lator uso any othor romody. By not oxoreisinq � �r i
<br /> nny romody upon Horrowor's dofeult,Londer doos not waivo any right to Intor conaidnr tho ovont o dofoult if it heppons agoin. I „ � � I
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<br /> � 17. Jotnt �nd Several LIebllity; Co-slpnen; Suacsuon aod As�ipnt Bound. Ail dut(oe undor this doad of truet ero joint ond soveral. Any '�.-,;�
<br /> Borrower who ao•siflne this dood of truet but dooe not co•sign the underlyinp debt inetrumontfe)doee so only to grant nnd oonvoy thet � �^� �'
<br /> ' Borrower's Intoroet in tho property to tho Trustoo undor tho torms of thie doud of truet. In nddition,sueh o Borrowor agroos thot tho Londer end � •��
<br /> - ' eny other Borrower undor thie dead of truat moy oxtond, modifv or mako any othor chanpoe fn tho torme of thfe dood of truet or the secured i „�
<br /> debt wfthout thnt Borrower's oonsont end without ruloosinp that Eorrowor from tho torma of thie dood of truet. �
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<br /> The dutios and bonofite of thia dood ot trust sholl bind und bonofit tho succosaora ond oseigna of Landor and Borrowor. '
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<br /> 18.Notice.Unloea othorwiso requlrod by law,any notico to Borowor ehell bo divon by dolivorinp It or by meilinp it by oortiifod meil addroesed to - '
<br /> ' ' Borrower nt the property addroea or eny othor uddroes thot Borrowor hae pivon to Londar. Borrowor will pivo any notico to Londor by cnrtifiod �
<br /> mnil to Londor's oddroes on papo 1 of this dood of truot,or to any other oddrese whioh Londor hoo doefflnotod. Any othor notica to Lendor eholl „ +
<br /> bo sont to Londor'e addroso ds etotod on pngo i of thie deod of truet. •
<br /> � Any notioe ehall bo doomod to havo boon pivon to Borrowar or Londor whon givon in tho mannor etotod ubovo. x
<br /> 19.Trensf�r of th�Prop�ny ot s B�nefloiel Intereat In the Borrowe►,If oll or nny part af tho proporty or ony intoroet In�t la bold or tronsforred �
<br /> without Londer's prior writton aonsont, Londcr may domond Immodfoto poymont of tho socurod dobt. Londor mny olao domnnd immodiate
<br /> , pnymont if tho Borrowor is not a noturoi poreon and u bonoficint interost in tho Burrowor is sold or transforrod. Howover, Londor may not �
<br /> domand paymont in tho abovo aituotions it it is prohibitod by fodoral low as of tho dato oi thie doad of truet.
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<br /> 20. Reaonvayence. Whon tho obllgntion soaurod by thie dood vf truat hns boon paid, and Londor has no(urthor obligation to moko advnnaue , y'
<br /> under cho instrumonte or o{�roomonte eocurod by this dood of trust,tho Trustoo ehall, upon writton roquoot by tho Londor, ruoonvoy tho truat ••`[ �
<br /> property.Tho Londor ehall dolivor to tho Bo►rower,or to Borrowor's auccoosor in fntorost,tho truet daod ond tho noto or othor ovidanco of tho �
<br /> -. ---• ... . '--'-'- ' vVii�JniiVn av eaiiaiiav.ouiiil�soi eile�i Muji o.-.�ioi.v�..o..:.i��.'vo•o. � r .
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<br /> 21. Guccea�or Try�te�.,Londot,• t Londor's option, moy romovo Truetee ond appoint o sucoossor truetoo by firet, mailing a copy at tho �
<br /> eubodtution of true oo as roqufrod�y npplicoblo law,and thon,by filing tho aubstitution of truatoo tor rocord in tha offfoo of tho ropidtor of doade 1'
<br /> of enoh county fn whioh tho truet propony, or somo port thoroof,is eituotod.Tho ouccoesor truatoo, without convoyanco of tho proporty,ehall
<br /> . euccood to oIl tho powor,dutioe,nuthority and titlo of tho Truotoe nomod fn tho dood of trust und of ony auccoaeur trustoo. 'i
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