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<br /> COVENANTS �
<br />- * 1. P�yrmnte. Borrowar eproes to meke e�l payments on the e�cured debt whet� due. UNess Borrower and Lender ayroe othorwiso, eny -
<br /> .a p�ymenu I.endet r�ceivea from Bortowo�o� fot Borr•�wer's berteflt w1i�ba nppIleO ilret to eny emountR Bonower owee an the seeured dabt
<br /> exclusiv�of innrat or pdnalp��,acond ta int�rest,�nd th�n to prtnalpai.lf p rti�l prepayment ot ths�scured debt oocurs for any re�tan.14 wlll —
<br />�=;;�" not ndua or�xcut�sny toti�duUO p�yment untlt tM weund d�bt li patd In�11.
<br />`�'A ' �,C I�M n t A�I r u t T i d��B orrow�r wiN pa y Wt tuns,suatmmt�,ond atlsn ohrup���ttrtbut�bls u►thsproperty whon dus�nd will d�isnd tltie
<br /> =y� to tlw pop�rty�p�Imt�ny o�whiaA woutd l m p e l r t M I i�n a f t M�dae A a f tiw t.I.�n d�r m�y t p u i r s B o r r o w u t o a�i p n�n y t i p h t o.a t�i m t o�
<br />� dstmse�wfiich 6orrown may haw�y�init p�rtNs who�uppty labo►or mK�rl��to Improv�or m�int�ln tM property.
<br />=''n a. ins�xr�e�.Borrow�r will kap tfw prop�rty insund und��nrm��acept�bto to L�ndv at Borrowe'�exp�ns�end for 6Qndor'o banetit.AO �
<br />:�� �rutama pollaMs theD inah�d��ebndud mon�a�ctwu In��va o L�ndK.t�ndn witl b�rom�d es lo��psye�or u th�tn�w�d on�ny�uaA
<br /> � naurana pulioy.Any ipturan��proa��di m�y ��pitsd,wit n Lsnd�r't dl�cr�tion,to�ItMr ths rvatoratton or topalr of tA�d�map�d prop�rty
<br /> � vr to tM�sc�xed aebt.If Lon er nqu rss monp�0� munnce.eorrown�pna ta maintNn euob Imu�artee tor n lony a�Leodst requires.
<br /> �;;,� 4•ProQwti►.8onow�t will k��p tM ptoporty In yaoa conoitian�nd m�ao�G wy:i►:i6::��ab����w�:r�. _
<br /> ,,':�.� 8 Ezp«a�s.8onowet aqress to p�Y all LendeYa exp�ntu inctudinp reuon�b���ttomeys'fes�,if Borrowet breake eny covenente In thl�deed =
<br /> o�Wat or in am►obllpstton seaurad by thf�ds�d of trust.�orrawa wiU pW thes��mnunto to Lender as provided in Covsnsnt 8 of thle deed ot
<br /> v,� hust�
<br />:s,�� d,pAor6 MtMab.Unlao BoROw�r flnt obtairu Lendu'�Wr imn conesnt,8orrow�r wHl not mdc�er p�tmit�ny chenpes to any prbr
<br /> _ �sawtty�t�. 8ortowar wUt pe(am dl ot Hortow�Pa obtlpationt undu ury prbr mort(tag�,ds�d ot troa or othn security apreomsnt,
<br /> _y i irtoludinp Bonow�r'�wven�nts to mNce psymer►t�when du�.
<br /> '-�� • 7.A��xr�nt of RM►n�nt�i Profiq.Bonower�sa�nt to L�nda th�rsr►q and profits of th�property.Unle�e eonowat�nd la�dsr hsva aproed
<br />--- o e in welUnp.Sorrower may coil�ot and rs ain tM r�MS��tonp�s Bortow�r b not M cNfautt.If Botrowot d�taulta,iXnd�r,L�nder's
<br /> �pe t.a a eou��ppoirKed rre�cdvK ma tslu pots�asbn�1r�p rnanp�Mtp►qpwty end coil�at tF»amf. Any nMa Lsndar ao�te�s aheU b�
<br /> �,� ne�as�r iets�e d expen�aes f The ems lnir�ip�amoun t of renu will d�ten�pply to p yrt�erim on•4 1 e�sea�ire�de bt aa p ov i d e d in C o�venen�tany other
<br />-�=„� d.�Np1d�•Condon��ss plMyo�!thAt p�y�iopm�rtq.6ortowm aareas to campty w(th ths provislone of ar►y teass if this deed ot ttunt is on
<br />� s tusshold.1�this d�ed of trust it on�unit In�condominfum or�planned unit dsvetopment, Borrower wQl pe�fotm di ot Borrower�duUes
<br /> --- under tM covsnaryte,bylawa,o►nputeUom of the eondominium or planned unit devsiopment. ,
<br /> `•�� p, �utlar{ty o}L�ndw to p�(ann tor dorrowr.If 8onowu falls to pertarm�ny of Bortower's dudss under thio doed of trusL Lende►may
<br /> co�nt�tr�uc8bon on�sp�rparty ii dm(�conUnued�not canie�d on in i eiwnible msnnsr,�l.�nderinay do wh�oewer ts en�aaery tPo��oteot I.endN'i
<br />�`'`� aecurity Interat In tha property.Thit rtwy inoluds complstlnQ the eonatruatlon.
<br /> --- l.ender'�tatiure w pMorm will not praetudt leMer irom sxetei�tnp any of tts other ripMs under the law or this deed ot truet.
<br /> - Any amouMs psid by Lander toprotsot Lender's security Interost wlil be osoured by this deed of trust.Such amour�will bo due on d�mend
<br /> itxl wtll bsar IM�rest from th�d�t�of the p�Ymsnt utriil pafd In tuli at tM int�tost rats in�tteat on tt�s securnd debt. . , , . ,
<br /> - 10.D�fatt�nd Aoc�atlor�. If Bortowsr falis to mak�eny payment whe�due o►Sreaks any covenerKe unde thia deed ot uwt a �ny
<br /> + obiqstion sswrad by thte deed of trust or any prior maRp�pe or dead qf trust,LerMn m��Y��aeeter�ts ths matur�ty of the secund drEt�nd
<br />_�s ����dtate p�ymer�t and mav(nvoks the powet ot s�to and any othar remedles permtttetf bp applla�bls Isw.
<br /> __=-� 11.R�st ta Notk�of D�fauB.it i�Aeroby req�este���copiet of ths noYlces of defauit end aele be seM to eaoh penon who b a party
<br />-�=�� Mnto,n tM eddrass of sach such p�non,�s sst ionh
<br />-_�== 12.Pown o!SaM.lf tM I.�nde►involus ths power of ai�.ths Trustwe shail fint racord in the otftee af tha ro�i�tar o4 d�edt of aeA county
<br /> -° wfw�ein thti trust propsRy o�som�ptrt or parcei thereof le attusted�no4las of default caM�fnin0 th�Infamelon�eauirod by IaMr.YtN Truttw
<br /> ��: shsM ala mall eopbs of the�ottu of detautt to tM Bortow�r,to ssch penon whn is�puty hereto.�nd m other,pusom upn sc�ib�d by
<br /> —� appltaaDN t w. Not len tAan one moMl►�tter tM Trustee recordt the noUes of defsuk or two rtror�tht if�tnat propeety 7a not M�ny �
<br /> -' Incorpor�cky or vllttp�and ii us�d In fumfnp operaUons wni�d on by tM►t►utco►,ths�rus2ee shul plw publ o notic�of saN to tM penons
<br /> �= bid�r.If�ipuk d�by�MiF�ine�om�istiad�otictiT n Aat,TWruK i i�hill o�ifir�r�o�er.t yshat�o sepNit�e aiNi as riquki�yb�applla�ab e�ia,w
<br /> Truaes moy postpane sds ot ai or�ny puce�of the property by publio snnouneemein at�e tlm�and qres ot any provtously seMduted aale.
<br />� le�clar or Its daignss mey purehass ths propeny at emr ssia.
<br /> Upon r�tpt of p�ymeM of ths prics bid,7n+�r•e shNl dd(v�r w tM purcheior T�wtts•s d�ed eameYltfp�prop�Ry.Ths rralUds canufned fn
<br /> — ?rwtee'�desd sh�11 be prtma fscie evidiencs ut ihe tnRh of the at�t�ments canteined therein.T�wtas studl epply tho proceedt of 4he t�b tn the
<br /> _ �ei�e�it�nar�tiiss�ttif ta�itt um�aCUro y thtsTdid o u�"utt.and Iof�U+�bilincs,it any to tt�nope •ni iepitry e��it�ta�roc�s�h � a� �
<br /> - 13.Forktosw�.At Lender's optton,this deed of trost mey be toractosed tn the m�nner pmvide by eppliabla!�w for forectowro of mortppsf
<br /> - on ro�l prope►ry.
<br /> --- . 14.��ot1p� Lande►moy�mer the property to inspoct It If Lendar pbea 8ottowar notice�bstaotwnd.The notice muet stats tM reasonaWe
<br /> . oau�o(a I.�ndir's hupeatian.
<br /> 18.Caidonxiatbn.Bortower aa�i nt to l.ender ths��e of my swerd or olalm far dam�oes eonnbcted with�oondemnatlon or other Ukinp
<br /> of UI or�ny pWt of ths propsrty.�uaA procseds wl Il bs appikd�s provldad in Covsmr►t 1.Thts�eeinnment ir QubJeot to the te�m�o!�ny prior
<br />-°,-�—° ssourity aprNr►»nt.
<br /> 1�.Wrw►.By ex�ral�nH any remedy evefieble to lender,Lender does not g(ve up an1►�IpM�to latsr usq�eny otl�rormdy.BY not axerct�!r�p
<br /> any►�mrdY upon Bonower's detautt,LeMer does not waivs eny�IpM to tater constder the eveM�defauh if it heppenf ap�tn.
<br /> 17,Joint �nd swaa!LIohYNvs Co��g�M►+i 8ucenion rM As�lyn�lound. Ail dutlea undor thts dnd cf tru�t�r0 jotnt end awral. Any
<br /> B�rpwv wbo co-t��n�tA1a 8eed oi trust but do�s not caaiQn ths underryinp debt lnsbumentlsl dae� so onry w qraM��convey tMt
<br /> -- 8arraww's Intenst in properly to tha frustos under thu terms of thU d�b ot truft.ln addition,suoh�Botrowsr tgrees th�t t lendsr�nd
<br /> eny otMr 8orrawer under this d�ed of trua may axtsnd,modi{y or msks�nY aMr afNn¢as fn the ier�su of tbts deed of uust or ths secured
<br /> � debc wfthout thrt 8wrower's eontent and without rebattnp th�t Eonower irom tM Mrms of thia deed of trust.
<br /> TM dutbs�nd Mneflts of this derd ot trust sh�it bind end beru�fit tM ouccestion�nd ir�ipns of I.ender md 8orrower.
<br /> 1 e.Natle�.Unleu otherwl:e requirnd by law,any noNee to 8orrower sh�ll M ptven by d�tivertnp it or by m�fitnp it by eertlilsd mnit addreued w -
<br /> �.—. �to�,l ndws�ddreii on pi�e t of thii dsed of�uit�atto�any othsr s�dis�s whtahland��h�aeslpnited A y ot�her trtoU�to�Lender shitdl _
<br />_ -= hs�snt to Lender's�ddroas�s sUted on p�ps 1 of thit d�ed of trust.
<br /> �=� Any noUco ahall be deemed to heve been piven to Bonower or Lender when givan In ths mannsr�taud aEova. _
<br />--Y� 19.71rMata ot ttw�hop�ety a�BmMd�IM�nst in!1�Bortowar.it ail or any part of the prope�ty or any intemst In It ta solcl or aentferred
<br />,=�*� wimouc��a.r. �u o�w►man�oruont. L�nd�r m�y d�m�nd Im�Mt�ts ��ymst►t of the secund dsbit.Lander mey atto d�mand Imm�dt�s
<br />,_:_.�� paymem if the Boaowet is not e netureipe�aon nnd e beneileiat interos n the Borrower ieeotd or tranefonod. Howevor,lender mey rrot
<br /> ;'•9, � demsnd paymem in the ebore sriuetEone If it la proNb(ted by tederet Iew es of the dete of thit daed of 4ruat.
<br /> �� 20.R xnnlrma�.When tAe obtipatEon eeourod Ey this doed ot truet hea been pnEd end Lendar hns no further obl(patton to moke adwnee� -
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<br /> - under InatrumenU or.npreemet►ts.securod by thls Eeed ot trust,the Trustoe ehal�,upon written requeat b�the Lender,roeonvey the trust -
<br /> pro err/ •-•-- �-------•-•------- .._�.�,--,--� r.__•• �..._
<br /> 7M LOIiCR tnEtA 00[IVOt i0 me oonowar�or co avrrawer e eucaowvr f1i IIROfOOl1 lti0 V W!.VOOV O�N V�O tMW N va.o.v..w�.w v�o.v
<br />__z-_� obl�paUon co satisfled.Borrowor sheil pey eny r000rdnUon aoete.
<br />`��,�" i 21.Suce��aor TruttN. Londer, et Lendor'e o�on, may remove Truetee and eppoint a sunceaeor wstee by ffrot, maUtng e eopy of tho -
<br /> _�-' sub�Htutlon of truatee a�raqutrod by epplioabte sw,end then,bY tliinp the sutam�mon of truatee to►record In tM oifice ot the regleter ot deads -
<br /> 'i i��°� of e�ch county In which the trust property,or oome pert Mereof.Ia situeted.Ti�e succeasor truatee,wlthout eonveyan¢e of Me prope►ty,ehell =
<br /> • eueesed to etl tho power,dutiee,authority and tttte of the Truetee nemed In the deed ot truat end oi eny euaaeseor truetee. �
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