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<br /> 9. Puy�cn2o. florrowor cprc�� to moko cll paymcnto on th� cccurcd d�'nt �vh^n duo. Unl��o Cotrovdc� nnd l.ondcr cprcu oth�nvlao, uny
<br /> pnyrnente Lander receive�trom Borrower or for�or►ower's bnneilt will be eppiled /lret 4o eny emount� Borrower oweo on 4he uocurod dobt :�� � ' "
<br /> oxcluslve of interoet pt prinCtpel,escUnd to Irttetaft,and thon to prinClpal.If pertlel pr�peyment o}tho nocurod dubt occure for eny rooson, It wlll .�-
<br /> not reduce or excu�e any�ClwdWnQ yaYmsnt�mtll th�o�aurad deht la pdd In fuu. ,
<br />� to th�e prope�tNy�a�pieinit m r�Irne whlch waluld Impalr thi I o�n of�tNli�ced�oi Nuete l.onderUmAy ruqul o flurprowoe tohaeelpn eny rlphto,eclalme�or ' ` •�.�
<br /> . de4ents�whlch 6orrow�r m�y h�w�plin�t pNtH1 who�upply lahor or mete►IN�to Improw o►mdnteln the properry. � •
<br /> 3.Iq�u�pncs�. Dorrowei wi!I koep tho p►opeity Intured undtsr turmu accoptabto to Londor 9t Florrotiver'e oxpenso and for L�ndQr's bonofit.All � •
<br /> � „ Innurance poticleo thell Inctude��tmdud mort�epo cUu�e In f�vor o}Lendor.Lender�vtll bo named eo loae payeo or eo tha Ineurod on eny auch '
<br /> Inttinnc�poilcy.Any Insurmc�proce�d�m�y ��pptl�d,wlthin Lender'�dl�cretton, to elthu the rsstor�tlon or repnlr of the d�meped Fropeny � t,�
<br /> or to the�ecured debt.If 4ender requlre�mortpspe Insurence,Oorrower aproea to malnteln euch Insurence for ee lonp as Lender reguiree.
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<br /> 4.Prop�rty.Qorrowar wlli keep the property In pood condltion end meko ell rQpalre reatonably necesaary. " �. �rt•
<br /> , 6.ExpM�1��.Borrowar�pnei to p■Y ell Lende�'�expenee�, Inctudin9 rea�onablo ettarneye'}oea,II Borrowe►broake eny covononte In thle deed � .
<br /> ' o}trust or in eny oblipetfon eecurad by thls duod o}tniat,Borrower wiil pay thosA emounta to Londer es provldod In Covenent 9 a4 thla deod o} "
<br /> trust. �!
<br /> 6.Ptiw 8��urtri Int�r��t�.Unlen 8orrower ilr�t obtalnc Lender'a wrltten coneont,Dorrower will not make nr pormlt eny chenpoe to ony prlor �
<br /> nscurity Interes�e. Borrower will pertorm au of 6orrower'n obllgatlona undn► eny prlor mortpape, deed of truet or uthar eocurlty epreemant,
<br /> IncludinU Borrowar'e covenRntv ta meko peymente when due. �• •
<br /> 7.Atal�nm�nt of Rents and Praflh.Borrowe► aeelpna to Lender the rente end profite o}tha proparty.Untoea Borrowor und Londar havo agraed � . '
<br /> otherwiso in writing, Borrower may collo�t and retoln the rente ae Ionp oe 9orrowe►Ie not In dofault, If Borrowor defaulte, londer, Landar's
<br /> epont, or a court eppolnted rocelver mey teke poasoeelon and menage the property and colleat the renta,Any rente Lender coilecte shall bo
<br /> epplied flrat to the caste of manaelng the property, Includi�p coun coste and attorneye' feeo, commisslona to rental apante, and any other
<br /> neceaaery raietod oxpnnsee.The remeining cmount of rente wlll than eppiy to paymente on tha secured debt es provided in Covenant 1. '
<br /> � 8.L�a��holds•Condo;niniums;Fl�nn�d tini4 D�v�lopmenH.8orrower e�ree�to compfy with tho provisiona of any loeae it thls doed ot vust Is on
<br /> a teaeehald. If this daed of truat is on a unit In e condominfum or e p a�nad unit tlevolapment, Bwrower wlll per}orm atl of Borrowor's dutloe
<br /> under the covenente,bylawa,or roguletiona of the condominlum or plenned unft devetopmant. +f'y
<br /> ' 0. Autharity o}L�ndu to P�rform for Uorrow�►.If Borrower tella to perfarrn uny of Borrov�er'a dutioa undor thfa dnod of truat, Londor moy • tw
<br /> porfurm tho Jutius or causo thnm to ba performad.Lunder rnay olpn f�orrower's namo or pay any omount It neceseary tor porformance. If any
<br /> , constructlon on the propnrty Is discontlnued or not ca►rled on in e reatonabte menner,Lender may do whetever la necessary to proteat Londar's , ���
<br /> socurity Interest in the property.Thfs may Include completing the conetructlon. �.
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<br /> Londor's iWlure to pertorm wlll not proclude Lender from exercising any of Its other righte undor the Inw or thla doed of trust. ,�'!
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<br /> Any emounte patd by Lender to protect Londer'e security Interoat will be securad by thla deed of truet. Such amounta will be due on domund ��'�
<br /> „ and wfit bear Intereat irom the dote of tha payment untll peld In full at the Interast rete in offect on tho Bocurad dobt. � �._
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<br /> 10. D�fwit md AccNuaUon. If Borrowor faila to meko any payment when due or breake any covonente u�der thfa deed ot truat or any ;� : .
<br /> , oblipatlon socured by thia deed ot truat or eny prlor mortpago or deed o}truet, Lartder may occolorate the maturity of the sacured debt and � �-_
<br /> � domand Immedlate payment end may Invoke tha power oi sate end eny o4hor remodles pormittod by npplicabie Inw. '
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<br /> --- -- 71.R�quat for NoUC�of D�fault. It ta hereby requected that cap�ea ot the �oticea of tlofault and sale be sent to each person who is o parry � • �
<br /> hereto,at the address of each such person,as set}orth heroin. �
<br /> • 12.Pow�r o4 5�1�.�f tho Lender Invokec the power of selo,tha Trustes ehall first record in the offlco of the roglator of deode of oach county �
<br /> whoraln the trust property or soma paK or percel thoreof Is aftuated a notice of defeuit containin0 the Information requlrad by law.The Trustee I
<br /> shell niso mall coplas of the notice of default to the Barrower,to eech person who is e parry hereto,and to other persans aa proacribed by �
<br /> appflcable Inw. Not less than ono month eker the Truatoe recorda tha notice of default or two months If tha trust property Is not In eny i
<br /> � Incorporatod city or vlitage end le uaed In ferming operetlona carriod on by the truator,the frustee shall give publta notice of eale to the pe►sons � '
<br /> • and In the menner prescribed by appplicable lew,Truste�,without demand on Borrower,sholi soll tho property at puhlic auction to the highest I
<br /> , bidder. lf required by the Ferm Homestead Protectlon Ac4 Trustee ahell ofler the property in two separate sales as roqulred by appliceble law.
<br /> Trustee may postpone oale of all or eny parcel at the property by pub�ic ennouncement at the time and place of any proviously scheduted salo. I
<br /> Londer or(te deslpnee may purchuse the property at eny enle. • ,F r�
<br /> Upon receipt of payme�t of the priCe bid,Trustee shall deliver to tho purchaser Trustee's deed conveytng the properry,The recitials contn(ned In �•
<br /> Trustee's deed shell be prima facle evidience of the truth of tho stotemente cantained therein,Truatee shall appiy the proceeds of tho sete in the I ' "
<br /> foliowfng order: (e) to ail oxpensea of the sale, Inciuding, but not ilmitod to, reaeonablo Trustee's fees, rensonable ettornoy's foos end
<br /> rolnstntement foos;(b)to all sume securad by thia deed of truet,and Ic)tha balanco,If nny,to tho poraons legally ontitled to receive it, i � *
<br /> 13.Fonclosun.At Londer's optlon,thls doed�f truat may bo foreclosed in the manner provide by appiicable law for foreclosure ot mortgagas � ��'
<br /> on real property. I •:�
<br /> 14.IntpecUon.Londer may onter the property to inspect It if Lender givee Borrowar notice beforehand. The notico must state tho ronsonable "
<br /> causo far Londor'e Inspoction.
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<br /> 16.Cond�mnaUon.Borrowor osai ns to Lender tho proCeoda of any award or cinim for dama�gos connocted with a condemnation or other tekfng r�.
<br /> . , ot all or any part of tho proporty,�uch procoodo wlll bo oppilad ns provided in Covonant 1. 7his ossignment Is eubJoct to the torma of any prior ' '
<br /> security agroomont. . •r�
<br /> 18.Weiver. By exorclaing any romedy avaflebte to l.ender,Landor dooe not g(vo up nny rights to later use uny other remedy. By not oxercising .'
<br />_ - nny romody upon Borrowor's dofoult.I.ondor dooa not waive any right to Iater consfder the evant a defeult if it happons agnin. ,�
<br /> 17. Jolnt end S�v�r�l LlaWlity Co-sipn�rs;Succ�uon and AsNgn� Bound. All dutios under thle dead o} truat aro Joint and anveral. Any �
<br /> Borrower who co•s(gns this dood of trust but dooe not co•sign tho under!ying dobt Inauumentls) doea so only to grant and convey thot
<br />± Borrower's interest In tho property to tho Truateo under tho terma of thia doed of trust.in edditlon,such a Borrowor agroes thet the Lendor and
<br /> � any other Borrowor undnr ttis dood of trust mey oxtend,modifv or mako any othor cnangea in the terma of thia deod of trust or the secured
<br /> de6t without that Borrower's consunt and without roloasing thet�orrowe►trorn tho torms of this dood of t�ust.
<br /> , Tho duties end bonofite of thla deod of tn�at shall bind and benofit tho succoesore end nnslpna of Londar ond Borrowor.
<br /> , ' 18.MoUct.Unless otherwise roqulred by taw,anq notico to Borrower eholl bo given by doUvering it or by mailing it by certified mail addrossed to
<br /> Borrower et tho proFerty address or any othor addreae thot Borrowor hnc givun to Londor. Borrowor will givo any notico to Londor by cortifiod
<br /> mall to Londer's eddr�ae on pago 1 of this deod ot truet,or to any othor addrese whlch Lendor has doslgnntod.Any othnr notico to Londor shall
<br /> be sont to Londor's eddrase ae statod on pago 1 of thls doed of trust.
<br /> Any notico shAll bo doomod to havo baan givon ta Borrowor or Londer when givon In tho mannur stoted abovo.
<br /> 19.Trentfer of the Properfy or e Benaficlal Intereit In the Borrower.If alt ar any part of tho proparty or any intoroet in it is sold or transforred
<br /> without Londor's prlor written consent, Lendur may demand Immadiato poymont of tho socurod debt. Londor may also domnnd immodfato
<br /> paymont If tha Borrowor !s not a nntural porson nnd a bonoticiul intorest In the Borrowor ie oold or tronsforrod. Hawovor, Landor may not
<br /> domnnd paymont in tlio nbovo aftuations if it le prohibitod by fodoral Inw os of tho doto of thio dnnd of trust.
<br /> Z0.Reconveyence.Whon tho obliflatfon cocurod by this deed of trust has boen pnld,nnd Londor has no furthor obligatlon to muko advancos '
<br /> � undor tho Inatrumonte or aproomonte sacurod by this doad of truat,tho Trustoa shall,upon writton request by tha Landor, roconvoy tho trust •
<br />__ _ _ _ _ proporty.Tho Londor shall dvliver to the Borrowor,or to Borrowor's suCCOSSOr in intorost.tho trust dnnd nnd thu nnfn nr fl}hp�AV{(IGMO..f.� �
<br /> — oDUgntion so entlsfloU.6orrowor enaft pay any rocor0utlon coeto.
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<br /> 21. Succsssor Tnut��. Londor, ot Lander's optlon, may ramovo Truatoo and appoint o succossor truetoc� by first, mailing a �opy of tho
<br /> •, , substitution of truatoo ae�oqulrod by appilcable law,und thon,by tiling tho substitution of trustno for racord In tha oNico of tho rogistor ot doods
<br /> of oach county In whlch tho trust proporry, or somo part thoroof,lo sltuatod. Tho succoasor truetoo, without convoynnco of tho proporty, shali
<br /> auccond to nll tho powor, dutios,authority and titla of tho Truatoo namod fn tho dood of nuot nnd o}any succossor truatoo.
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