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<br /> 1-..`�",:.�`"'��'�``` UfVIF0�E�1 �:OVENANTS. Bottower nnd Lender Cnvenanl nnd egrea ns follaw9: (i1C��„�
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<br /> - --�;; 1. �ymsn�of W�incipal and Intere�t. 9orrowcr ohsll promptly pny when d�e tho principal snd interest indehtecines� '
<br /> ��"w"'"'�"'"F'" evldet►ced by Ihe Note and I�te charge��s provlded in Ihe Note. 71�1e Ueed of Trust easurW PiY�nt of e�id Noto ,��,;:,^l._
<br /> - r-_�� �ccordtnj ta� ito Qe�.::�,tvhlcSi c�incorpt►rnte� her+elte by roferenco. �
<br /> __�;t-ti ���;i'i � �:., ,��:_l,_���;,�=
<br />-'m"'�r ;' " �. Appllcatlon oP['�yme�►u. Unles��pplicabl�I�w providea othonviso,sll payrrknte rocefved by Lender under tho . . +; ..
<br />„y��!�'� liaf b Lender flnt to lneereet duo on tho Note, second to the principal due { :
<br />_ �����,�� Note�nd pRra�graph 1 hereof eh�ll bo�pp Y I:' . . ..��.�:
<br /> '�,,r�"�`��� on the Nate.tnd then to l�t�e ch�rge�due on the Note. � �"�'•
<br />-���'.�'� -
<br /> a��,�y�i
<br /> : ��,, 3. prior Mart=��d and Dee3� oi Trttst;Chargat; Lletn. fiorrowcr oh�l)perform all of f3onowee'e obligationa, ..
<br /> : ..��;���:
<br />�-�.� ,�,;�o.,, under�y►nortB�Be�deed of tru�t or other eeeurity agreement with a lten which 6�.+prioriry over thie Deed of T►ust, :1� .
<br />-;' t�;rn.':.
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<br />"�;;.�_:•:�,,.;..�, , inaludtng Barcower'e covenmti to m�ke p*yrr�ente when due. Bonower ehall pay or cause to ba paId dl t�xe�, '
<br /> �'� td uses�meat� md ot6er cio�rga�� Ri����::•�;rM��;�",•"-�t'�Mitable to the Prop�thl whlch may att�ln �priarity over thie ____ __�._ _
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<br /> ��:���,� Doad of Tru�� aad laseboid pRyment��r grouad mute�if any. �, 'rk �,��;.��
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<br /> 7•� �'° Q� �����p d�u��, g ot Y C►w e r a hall kee p t6o improvemente now exlsling or hereaRer erected on tha Property 'r �
<br /> . ,'���,��(?�•� �..�..�.._o -
<br /> .>•,�„s:�,.:';��:• . l asured a gr�inet losy by 6iro�huard�i�scluded withia the term "eatended c u t�g�"� +�d euch at hcr hazs�de ea L sn d e r ��i IL.t�.-Pryr= W
<br /> _`;�•';: i„-��. , m�y royuira rnd ta sunli unounte nnd for euch pe d o d��s L en d u m i Y r u! �, �"{,;-___ -
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<br /> �'�-:Z:w�4�::�. rovided� ._,.�_�'—=
<br /> ,. r����*"-'., The tnsurance carrier provtdtng the iu�urance ehall be choscn by Borcower subject to approval by Lender; p ___
<br /> ;�,;,,.,..., � � tnat eucn ap�ruva� s�al��:.�ba'.sn�ns°nPb�y wittil�ald. All insurnnco policies nnd renewale thareaf shn11 be irt a form t=��-���---
<br /> •'� t'��` aeeeptable 2n Lender t�nd ehdl inelude a atnndard mortgage c9a�iso in favor of and in a iorm acccpia�la ta l�nd�s. � �
<br /> .:,,-•., , �?�.
<br /> �.': i}. :.''�J. V 3a�r -
<br /> Lender shnD9 havo the right to hnld the poltcie�nnd renewela th�.TCef,subject to the tet�m+of any mortgage,dee o trust `��j.;�,_—
<br />�`..,.�,.:°:�!�;..� ., ,, or oWer eocurity Rgreement with a Ucn wh[ch has priority over tit�e Deec1 of Trusl. �•�;`;;_ �
<br /> •`��•��"� In the event of lo��,Donower Rhall giva prompt notice to the inaurance canier and Le�►der. Lendes may make proof 1!
<br /> � ` :t a;. ::,
<br />-:'�-.�.� of lose if nat mtde prompiiy'vy �vs;��%��. �`
<br />.-: ,., .:, .5 :
<br /> ' � ' If the Propedy la abutc�oned by Borrower,or if Borrower fails to respond to L.ender within 30 days from the dnte notice ;;i
<br /> `� is matled by l�ender to Horrower thnt the �nsurnnce cnrrier .�ffera to setde n cleim for insurt�nce bene`lits, I,ender is
<br /> • ..�t nuthorizcd to collect attd epply tho iasurance proceeds ot Lender's option either to restoratio�or repa3r oi'the Properry
<br /> �. �-��^����.�f�;,�:� �•. or to tho sua�secured by thie Deed of Trust.
<br /> '�;,,'�,�''���'u�,�..° . ,
<br /> :-`•��-'"':,,mr.�'r` '
<br />- "°°�"•'=-�^'~�r� S. Preservatto� and Maintenance of 1'roperty; Leaseholds; Condominiums; Plnnned Unit leve opmen -
<br /> `�s"""-'`'"""' Borrower shwll keep the I•roperty in good repnir nnd shnll not commit wnstc or permit impnirment or dcleriornllon of
<br /> ;,:-;�.,,. ..., ,
<br /> .,, the Proporty and ehall comply with the provisions of nny lense if tliis 1)ecd of Trust iq on a (ensehold. if this 1)ee o
<br /> �• `}�••-'''�.�'�.7 Trust ie on n unit in A condominium or n pinnned unit development, Dorrrnver shnll peribrm nll of liottower's obligntions ;
<br />''.:.;�.+:...r,...5r.:�r>o �:_�
<br /> ��s�t• .�_•��ca�' under the decl�tr�tlon or covenents crcating or governing the condominiwn or pinnned nnit development, the by-lawe ' .,,_ _
<br />�°"`�"`° �'.- ~'^�" and regulaqona of the condominium or plannul unit development. and canstituent documeats. �� '�-`
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<br /> ?"�' G. Ptotectlon oP Lender's Security. If Qorrower fnils to perfonn tl�e covcn�u�ts nnd rtgreetnenla contnined in this Deed
<br /> Tn�u.:r-;i:.,.,..� . _•'� .
<br /> "�-'�<�'dV 1.JY"r�(•
<br /> -;;=Y:,',�;r�,+.��y/��y;;�. of 1'runt, or if nny netion ar proceeding is commenced which materially affects I�ender's interest in the Proper�y, then �R��� � a �
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<br />. , ,�_ L nt der, a t L e n e f e��'s o p t i o n, u p o n n o t i c e t o B o n ow e r, ma y make such a p pearnnces, disburso such sums, including � x.,�;,�,i,��::
<br />_ � � � te�tonable�ttomeye' fees,and tnke such netions aA ie necessary to protcct Lender's interest. �� �.��•�n'
<br />- ' � r t� .. '. .-
<br /> , ,n,#� ; Any nmounts diebursed by(.eucfcr ��ussunnt to this paragmph 6, witlt interest thcreon, nt the N�1��ate, shnll hacome �:,.. . .
<br /> •r <. �;
<br /> . �k; .�lu�� additionn!indebt�.dnes�of Barrower sec�ired by this Deed of'Tmst. Unless Borrower nnd I�ender a�!re�la odier lerms ,,}.y,�„-, •
<br /> ..;�::,;� of peyment,such atnounte ehall be payeblo upon notice from I�ender to Borrower requeQting pnyment thereof. Nothing ..,. _
<br />,'Y.a;�,��_:';.±�, contiined In thle paragnph 6 shall requiro Lender ro incur any expense or take nny action hereunder. ,
<br /> � ������;,�•� t.� � 7. IIngpecttan. Lender may mnke or cnuse to he mad- reasonable entries upon and inspections of �he Property,
<br /> � `''°'�•ci"�'' provided thet Lendcr shel)give Bonower notice prior to any si�ch inspection snecifying reflsonnble cuuse therefor reluted .
<br /> . :,•:�,:�.�ir
<br /> � to Crender'e interest in tho Property.
<br />_ �.� ,
<br /> .... . �s�.a,. . . � .
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<br /> `�'' •'�'•``• A. Condattetallon. 'Ihe proceeds oF�ny award or claim for demages, direct or consequential,in con�ection with nny
<br /> - . . ',:.t,,•...
<br /> -�="` ��t���<7�`t�� . condemnntion or other tnki�g oF the Properry, or pnrt thereof,or far conveyance in i�eu of condetrotatlon,nre hereby .;'`
<br /> r-���'y��''�;t��� � u�lattai end ehail be ptid to Lender eubject to the terms of rny martgago,deed of trust or other secu�ity egreemert wilh
<br />-`C`"!,:,"•�-'�-�,ii� •Iten which hee priorlty over thie Deed of'I'rusl. •
<br /> � - '�
<br /> 9. Borrawer IVat Reteused; Forhenrnnce 1!y L,ender Nof n �Vniver. 't'!�e Rorrower shnll rcmain linble fnr full (�
<br /> :�� "' payttunt of the principal nnd interrst on tho Nete(or nny ndvnncemervt or ob{igutinn)secured hereby, notwithstanJing " ^
<br /> --�``��� � any of tho following: (a)'I'he sale of all o�a part of the premisa9, (b)the nssumption by n►�other nartt+of Ihe L3orrower'c i
<br /> ..r., .
<br /> ,::i;,;::.•r��••;'�`''� nbifgationehnrcunder,(c)the forbearanco or oxtension nf timc for payment or perForn�nce of any obligntion hcrcunder, �
<br /> _ `�-; �.:.;;;•,"; whether grutted to Ronower or a eubscqucnt owncr of iho property,nnd(d)the releasc of all or nny rart nF the premiseg I
<br /> �u,;
<br /> - �� sccuring eald obiigetions or tho releaso of eny party who ssaumca payment of the snme. Nnna of thc forcgoing shall �
<br /> - • ..-b,s, �� En any way agfxt tho tidl Porec nnd effcet of ihc lien of Ihis Deed of'1'n�st or impai� Lendcr's right to n deficicttcy '
<br /> ; ° ' jud�ment(In tho avent of foreclosuro)against 13orrower or any purty nssuming the obligntions hereunder, j
<br /> My forbear�nce by Lcn�lcr in cxerciein�nny right or remedy hcre�mder,ar�thcnviso nffordcd by upplicAble law, shnll �
<br /> ,.•,,,�.;'���. not br��waivor of or precludo the cxerciso of any euch �igl�t or romc.cfy. �
<br /> ";�s�., a•q,� , F. � . '
<br /> a 2�m.��Ro.on .
<br /> = i �t°�^�1 II IroU NG FRrANhirpPl.lMrd
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