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<br /> ' 1. PG �a_n4o. Dotrot.-r upf�a9 tp�nl0ito, ,II���y���.nto on tho cc:curesl dcbt vlhan duo. UNc�a (�orroero� r.nd Lcnd�r �flrco otPtcrwioo, nny j
<br /> pnymonto I.ond�r rccc:;roa frorrfL�ttotv�r�Cr•�'�► Dnrtaw�r'a bcnaflt wul h� uppliod iirot to nny an�ounto�orrowor owus on tfio cocurcd clobt
<br /> � oxclusfvo ot Intcrcnt ac priGC�,�;.`�I�+:C�f�•t�".nt°r::Y,cnd¢hon ia princlFol,it pnrtlal propaymcnt ut tho cocurod dobt occuro for any ronson,It wfll
<br /> ' � not tcduco or oxcn.a an��tR�u•nd pay;��nni hnYll t68 cocurcd dobt ic pald In WII. � ,�
<br /> � 2.Cial;7o AQrtaylnst Tftia.8orrowor will poy oll tanon,�o8oaemonto, ond othor churpon nttributablo to thp roporty whon�uo nnd will dotond titlo ' "
<br /> dofonsoo whichAOorrowar moy have afln nat po�rl ospwh supply lebor or matorlals to Improvo or mnlntnln tho p operty.aalpn nny�ights,clolmo or
<br /> � 3.trtsunnes.Borrowor wi11 koop tho property insurod u��dcr icrm� ncceptablo to l,ond�sr ot Borrowor'a oxponao ond (or Lon dor'� bnno f i t. A l l I
<br /> I n s u r n n c o p o t i c i e s s h s l l I n c i u d e a a K a n d a r d m o rt u p o ctause I�favor of Lendor.Londor will bo nomod aa loss poYoo or oa tho insurod on any suc{i I
<br /> � o$toetlnio eocurnd dobt�14 Londcr�requiroa�marLBIIQo Prt luran o�t B�orroworrap eiesrto�mointain siich nnaurn�co tor ao lonfl ao L°ndor�roqu(ros r a p e t i y
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<br />: "' � 4.PrOparty Borrowar wfll koep the proporty in floud condiUon and maka all ropalrs roes3onably nocottaory. ' ,
<br /> ' 6.Expentsa.Borrower aflroos to pay all Lnndor's expensee including reas�nablo attornoys'teos,if Borrowor bronko any covenants In this dead f . ��•. ,
<br /> . of trust or In o�y oblipatlon securod by thio daed of uust.�orrovror will pay theso amounte t�Londor ae provldad In Covonant 9 of thia�eed of i
<br /> truat.
<br /> B.Pdor S�curity Imor�ats.Unlnss Borrower flfst obtoins Lender's writton consent,Borrowor will not vnuko or parmit nny changes to ony prfor
<br /> � Irtcludinp�Borrower'e c�ov nante�to mnk°poymen e�wh n�due.bligotlons undor eny prior mortgngo, dood of truat or rather socurity agrevment.
<br /> " 7.Aast�nmant o7 Renb and Proftte.Barrowur asslgns to Lender tho ronts and profita of tho proporty.Unlose Borrowttr end Lendo�heve agroed i
<br /> othorwiso In wtlting, 8orrowor may colloct and retaln the�ente ae long ao Borrower is not In dofault.If Borrowor dofaulte. Londer, Londer's
<br /> epont,or e court eppolnted recoiver maY tako possossion and manago thu proporty nnd collect the rante.A�y rpnte Lendor collacts oholl be I
<br /> • uppliod ftrst to tho coste of inenaping tBe property,including r.ourt costs aod ettomeys' feoe, commlesione to rontel egonts,end eny other
<br /> ' nncossary relotec7 expensos. Tho remaining nmount of reo�te will then epply to payments on the securod dobt as providod in Covena�t 1. ..
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<br /> 8.Leaasholds•ConcTomin:uma;Pinnnsd Unit Davalopmerm.Borrower agrees to compty v�ith tho provlsfons of any Iease if this deed of trust is on -
<br /> n lansnhold. 1�th�a doed of 4rust i�o�e unit in a condominium ar a plannod unit dovelopment,Borrowor wiil parform all of Borrawor's duties �
<br /> undor the covonnnta,by-laws,or�egulatlons of tho condominium or planned unit devnloamont. ;� •
<br /> � —J 9. AuthoritY of l.endev ca Q-odon�foe 6o�iorrcr. If Borrov✓or fails toy erform eny of Borrower's dutiee under thfs deed of trust, Lender may i;�ii, `
<br /> _-_T____�.__, .�__...�....e.s,,....od I Ander mev stqn Borrowor's name or�ay any amount if necasaury for parforruance.if any - �
<br /> p6ttortn the Outtea ui �oubo �� .... .,w.�.�::�..�.:...�nw M m�ta.M LA�[Iflf'b �_---- -� ---_- _
<br /> construction on tho proporty 19�This�mey Includo complotinfl tho conaVuctionmannnr,�anuo� ���uy u� . ` - - . . ,
<br /> �� � sacurity(nteroA4 in the p►operry. . Y
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<br /> londcr's failuro to po►form will not precludo Londor from exerclaing any of its other rights under tho law or thia dood of tniat.
<br /> " Any amounte paid by Londer to protect Lendor's security intereat will bo secured by this daed of truat.Such amounts will be duo on demand
<br /> ^ entl will boar interest from tho dato of the poyment urtii paid in ful!et tho interest rnto In etfact on the securod dobt. I ,� .�
<br /> 10. Qefauft end AccoleretDan. If Borrowar fails to make any payment when duo or breaks any covanants undor this doed of trust or eny � .;;���,�
<br /> domand immodio e peymiont e d may inv ke ths power�otrtsala and any other remedi^dpermitted by�applloable ewurity oi tho socured debt and
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<br /> " 11.Requeat for Notics of Deinutt.It IS horoby requosted that copies oi the notices ot default and sale bo sent to each person who Is a partY `; i�y;;� ,
<br /> �;� - � haro9o,at tho nddroso of oACh auch person,es set fanh herein.
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<br /> :;;��i' 12.Power of Sde.If the l.endet Invokea tho power ot salo,tho Trustoe shali first record in tho uffico of the regiater of deeds of oach county .-
<br /> whoral�the Vust proporty or some perc or percel thereof is situ�itod a notico of defauit contafning the information roquired by law.The Truetee •-�
<br />- �,i• shnil aiso mail coplea of the notice of default to the Borrower, to oach person who is a party heroto,and to other persons as preucribod by
<br /> �' opplicablo law. Not lese than one month after the Trustee records the notice of defauit, or two months if the trus: property Ia not In any ,:,� I
<br /> incarporeted ciry or villapo and la uced tn farming oporationa cerrfed on by tha trustor,tho Trustoe sholl pivo public notice of selo to tho pereuns .� �
<br /> � and In the mannor proscribed by apppltcablo lew.Trusteo, without demend on Borrower,shail aell tho proparty nt public auctian to tho hiphoat ,.#
<br /> � blddor.If repulred by tho Farm Homostoad Protoction Act, Trustoo shell offor tho proporty in two separate eotos os roquired by applfcabio law.
<br /> ftustao may poatpone solo of all or eny percol of tha propnrtY by public announcome�t nt tho timo ond place of eny prevlously echedulod enle. .��;
<br /> Londor or its desfpnoo mav purcheso the pronerty at eny eala. •
<br /> Upon roceipt of payment of the pdce bid,Truatoo shall daliver to tho purchnanr Trusteo's deod convoyina the proparty The recitials contofned in ,;.{;� ,�
<br /> Truatoo's deed shnll bo prfma faclo ovidlence ot tho truthot tho stotomonte contalned theroin.Trustoe shall npply the proc�eda ot th�ealo in the ,�::;.;!. �
<br /> � following ordor: (a) ta ell oxponses of tho eaie, Including, but not Iimitod to, reasonnbte Trusteo'o feea, roasonablo ettorney's faos and :.:,1,::_,����
<br /> reinstutomunt toos:lb1 to all suma sacured by thie doed of truat,and lcl the balance,if eny,to the porsons Ioguliy onutiod to receivo it. ,:,,,;•
<br />� ' . 13.Forecfoaure.At Londer's optton,thfa deed of trust mey be forectosed In the menner provide by applicnble lew for toraclosure of mortga8es .;: • J�;;/•'_
<br /> on ronl proporty. ,
<br /> � 14.InspenUon. Londer may ontor tha proparty to inspoet it ii Lendor gives Borrow4r notiee boforohand. Tho notico must stuto the reesona6lo ,
<br />- �� caueo ior Lander'a fnspoction. !
<br /> " 16.CondomnaUon.8orrower essign� s to Lender tho rocooda of any award or claim for damagos connected with a condemnation or other tflking �
<br /> of all or eny pnrt of tho property.Such procoeds w1P bo epplled as provided In Covenant i.Thle assfgnmont Is subJoct to the tnrme of any prlor
<br /> ' socurity npraement. „ „ '
<br /> A 18.Wa(vea 8y exerdsing any romodY availablo to Londor,Londor does not give up any rights to Ietor use eny other rnmedy.By not vxercisiofl 1i►,, �
<br /> • any romody upon Borrowor's dofnuit, Londor dooa not weivo any right to later conafdor tho ovent n dotnult if it happens ogaln. ' �� „ . ., `
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<br /> 17. Jofnt end 8everW Llabllity; Co•aignare; 5uceeaeore end Aaefgna Bound. Ail dutiea undor this dood of trust nre joint end sovarel. Any �
<br /> Borrowor who co-signs this dood of trust but doeo not co•sign the underiying debt instrumontls) doea so only to grant and convoy thet �'�;"_"
<br /> - Borrowor'e Intorest in tho property to U•�o Troateo undor the t9rma of this deed of trust.In addition,such n Borrowor agrooe that tho Lender nnd , ..
<br /> dobt without that Borrower elconsent end without e ovaln9 ot Borrowe rfrom tho terma of thla doad ofrt usL thia deod of trust or tho socurod �,.
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<br /> Tlio dutto3 flnd banofits of this dood of trust shell t,ind and bonofit Yho successore and eselgns of Londor and Borrawor.
<br /> �- 18.Hotice.Unloas othorwiso voquirod by taw,any no��co to Borrowor shnil be gfvon by doliverin{�it or by maflMg It by cortiflnd mail nddressed to „ � _
<br /> Borrowor ot tho proparry addr000 or any othor addrass thot 8=rrowor hos givon to Lender. Borrowor will Bivo any notico to Lonrlor by cortifiod
<br /> :4 ° mell to londer's addrosa on pago i of thfs dood of trust,or to nny uthor addrose which La�dur has dosignntod.Any Other notico to Lnnder shall __,
<br /> , b6 sont to Londor'o uddross na statod on papo 1 of thls doad of trust.
<br /> � „ Arry notico ehatl bo doamed to l�avo beon pivon to Borrawor or Londnr whon givan In tho mannor ntatcsd nbovo. 1
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<br /> - 19.Trenafor of the Propertyr or e Benoflclel intoreat In tho Borrower.If all or eny part ot tha proporty or nny Into�oet In it la sold or trensforred
<br />� � • wfthnut Londor'o prtor writtan consant, Londor rriay dornnnd Immodiotu payment of tho aocurod dobt. Lendor may also dumand Immodlate
<br />=h demandtpaynnonBin�tho obiove sltuetionsrif ii is p ohfbtmd by todorol Iaw es of the detarof his deodlof Vuatnaferred. Howuver, Lender moy not ,
<br /> > Z0.Recomeyance.Whon tho obiigatlon sacurod by thls dood of truet has beon pald, end Landar has no furthor ohligntlon 4o make edvances -
<br /> � ___„_____�_____ undor the inetrumonte or aqroomonts secured by this dood of trust, the 7rustae shnll,upon writton roquest by tho Londor, roconvoy the t►uet
<br /> _ _. -_ . . . . __ _._ ..___.___ _. .,,n.,...,...�.�e a�,....aoo�.�n intpmnt. thn truat dnod and tho noto ot othor ovidonco of tho
<br /> �---"-�-�-----�------�� pf0p Ofry. Ine �enaer anait oa�rvm w��w ov�.v..o.,�. �
<br /> � obligntion so satlafiod.Borrowar aholl pay any rocardetion coata. � �^
<br /> � 21. Suacoasor Trustne. Londor, et Londer's op41on, moy romovo Trusteo und oppolnt A succossor truatoo by first, maiiing n copy of tho I
<br /> � �_. substitutton ot trustuo os roqulrod by oppifcable Inw,ond than,by filin tho substitutlon of trueteo for roco�d in the offico of tho ragistor of doads �
<br /> succ od touall tho powor tdutioasnuthorry a d titla af�tho Tru teo nv 4oa i�dno aoaa oi t�si a d of ciny�succossorvt uaton,of the proporty, shell I
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