|
�� _ --— -- -
<br /> .yil�hti;},ris r_ _ ..._ `r,y�-�� .,`. _ 1,+ T��h''it�"��l"`K- ,cr1`�1�T"''�.��':r"R"° '�---,�"__"_ • , . . * -.. . .. -.
<br /> ,a f,
<br /> i;�;¢�s9•�r(�}!� r.:is1�� ���r 'it i. t t? �_tf�i�'�.� �� .n n ti��{ i� � } �
<br /> . �. , , �, ::t . � . �,�,;k.. �'s�tl�:�
<br /> � . � . .
<br /> �� � . . ��
<br /> .s�y�t� r, ,Q
<br /> „
<br /> � . . � ,.
<br /> ��ir+. � � -- �• .. � - ;w,�� .
<br /> ,. .. ._.�._ _ - - �
<br /> ' �n'��fr_..... �� . _...�aY'' A ___ _ u:
<br /> .1 ��:i
<br /> �j �7�"���AC�{YW"51•• .a). .• ___.__.-_..__ �_�L_ r... ��....___.___-.w_.�, _.__�- n'�.'.
<br /> UNIFQRM COVENANTS. trusto�and Lender covenant and agree as follaws: ��—
<br /> �U'�.V1�
<br /> .. 1. pAym�M ot��InolRal and IM�nst. Ttustor ahall promptly pay when due the prirtcipet ar►d interest ;
<br /> • tndebtedness evlaen�ed by the Note and Ia4e oharges ea provided In the Note. ��mer►ts and other �
<br /> Z. T�oc�s�Ass�urrMnts,�nd Cfu��s. Trustor aheli pey or cause to be pald all taocas, �
<br /> � , Qh�g�s�nnes and�rnpos[tiq a att�ibutable to the Property which may aQain priority ovsr thia Deed of Tnlst,and teasehotd
<br /> _ paymen4s or ground�er�. nY ments recefvgd.
<br /> . 3. Appllaatlos°�of P��. �nless appitoable law provides o�herwise,Lender wilt firat apPly sy
<br /> ' Yrhother or not deilns�uer►t,In the 4oflowing order. (9) to any applfcab e credft insurance premium, (2� to any applicabie
<br /> � late cherges, (Sj to tmy apPiloabte pr¢paymeM penaities, l4) 4o any in4eres4 tha4 ha3 accruod,and finaliy (�) to the
<br /> .. unpatd balsnc�of pr�ndpal.
<br /> '� q. pt1a� Mortytp��ad Os�ds ot TRtst; Charp�s; Ll�rea. T�ustor ahali pertorm alt of Trustor's obli attans
<br /> ...__•:
<br /> ••�� underarry moRgage,daed of trust or other securfty agreemer►t with a Ilen whioh has priority over thls Deed Trust.
<br /> � ,x,, inciudirtg Trustor's covena�s 4o make paymerits when due.
<br /> � �� � g, H�uM�nsun�nce. Tn�stor shall kee the im rovemer�ts nuw existing or hereaiter erected on the propeRy „ _,
<br /> irtsured ufre and�in�s�ch emour�s fosuch Periods as tLender may requi e coverage°, and suoh other hazards as Lender
<br /> may req
<br /> �� �� The insuranc�carrier providing the tnsurance shatt be chosen by Ttustar subjeot to approvai by Lender; provided.
<br /> - that such approval sheli not be unreasonably withheld. All insu►ance poAcies and renewals thereof shail be in a fomn ,
<br /> • acceptable to Lendet and shail include a startdard moRgage clause in favor oi and in a torm aoceptab�e to Lender.Lender
<br /> �� shall have the►Ight to hotd the poqcies and tenewals thereot,subjeat to th�terms of any mortgage,deed of t�st or other
<br /> security agreemem�,iv9h a nen whfoh has prtorily over the Deed af Trust. .
<br /> � in 4he event bf loss,Tnrstor shall gwe prompt notice to the tnsurence carrler artd Lender. Lender may make proof
<br /> at tosa it not made paompty by Trustor.
<br />- ` 1t the Property b ebandoned by Trustor,or it Trustor telfs to reaportd to Lender within 30 days trom the date notiae .,,:
<br /> is mafted by Lend�r to Trusto� that the tnaurance car►ier offers to setUe a claim for insurence benefits, Lender is
<br />_ • " authorized to co�lact and appiy the insuranae proceeds at Lender's opUon e(ther to restoration or repair ot the P�operty o� r .
<br /> `. ; to the sums secured by this Deed of Trust. ��,:
<br /> -. ` � � r: 8. Pns�rvatlon end MatrR�r9anes of Prop�rty, Ls�s�hvlds; Condominluna; Pianreed Unit D�vdopm�nt+a. .,;;.:.,
<br /> .y-�,
<br /> � .. ` Trustor shall keep the Property in good repair and shsll not cammft waste or permft demolition, Imaairment, ot _
<br /> ° � f detertoratton of the f'roperh► end ahall comp1y wtth the provisions of any lease ff thts Deed of Trust is on a feasehold. if :."s;�
<br /> � � � thts Deed of Trust is on a unft in a condomlhturr► or a pianned unit davelopment, Trustor ahail pertorm ail of Trustar's
<br /> obtf aRions under tF�e declaration end coveneMs creating and goveming the condominium or ptenned unit developmetrt, �Y.
<br />-� ' �� �_ the�y-laws and reg�IaUons af the condominium or planned unit dev�lopment,end constitueM d�cumeMs. _„�-.
<br /> ' ' `` 7. Proteation of Lend�r'a S�curity. if Truator taiis to peROrm the cwet��iis ant3 agrse�as� �lne��!th�.a �
<br /> �' Deed at Trust,or R erry action or proceedtng ts commenced which materially efffects Lender's interest tn the Properly,then _
<br /> - Lender� at Lender's op�on, upon notiae to Trustor, may make such appearances� disburse such suma� inciuding
<br /> ��� � � reasonable attomeys'fess, and take suah a�tion as fs necessary to pratect Lender's IMerest. If Lender required
<br /> - ?� . mertgage insuranc�a� a conditton of making the toan seuured by this Deed of Trust,Trustor ahali pay the premiums
<br /> - ;. � �,,,;,;, requfred to maintann auch insurartce in effect undl such time �s the requiremerit for such insurance termina�es in —
<br /> � "' � accordance with Trustor's and Lende�s written agre�mer►t or appllcable taw. � the Nate tate, shall
<br />_--0....�. .
<br /> - , r . . �, An y amounts�sbursed by Lender pursuant to this Paragraph 7,with interest ereon, �
<br /> become addtNonal indebtedness ot Trustor secured by this Deed of Trust. Un tesa Trus t o r a n d L endor a gree to other _
<br /> � •'^ '�� ' � � t�rms otpaym eM� such amourrts shail bepayebte upon notice from Lender to Trustor�equesttng paymer►t thereaf. _..
<br /> . " � .:,;:��. Nothing cor�eined tn U►is Pa�ag�h 7 shalt require Lender to incur ar�r eocpense or take arry aation hereunder. �
<br /> •,:�;�" � � 8. Insp�ation, Lender may make or cause to be made reasonable er�ies u n and(ns ons o t t he Prope _
<br /> _ !��v___. :.
<br /> Y�,�2�..:�:,�� prwided that i.endershaa give Trustor natice prior to arry suoh inspection specHylfng ea sonabte cause therefor retate d o�
<br />_;�_,.;.b.,u�:� L e n d e r a t M e r e s t i n t h a P ro p e r t y. _
<br /> �=:���� �. Cond�msution,The procesds of any ewerd or cisim for damages,direct or acnsequentiel, in conn�i�n�itl� _
<br /> -= -������ any cvndemnation a other takirtg af the Propert�l or paR thereof, or tor corneyenve tn lieu of condemnation, b
<br /> �.__=="'�— assigned and shall be pald to Lender subject to t�e terms of any modgage,deed of tnist or other security a9reemeM with
<br /> �a-.-_�:„
<br /> -..�_.�`���� a Iten wht�h has preorily over this Deed at Tn�st. —
<br /> '�� ""' "�' 10. Tn�stor NoR R�bas�l; Forb�arancoBy L�nd�r Not• Walwv. Extension of the Ume for payment ar
<br /> _��-_ modfficeRton of amortlta2lon of the sums secured by this Oeed dt Trust grantedby Lender toarry successor in interest ot
<br /> ��_._;�;T.�:, Trustor ahatl not operete to retease,In erry manner�the Ilabillty of 4he originai Trus�or and Ttustor's successors in trderest
<br /> :;�:,w„�;ti;,,-;�� Lender shaU no2 b�requfred to commence proceedtngs ageinst such successcr or rc#use to extend time for payment or
<br /> � �+i+i otha�rise modlfy amortizatton of the sums securedt�y this Deed of'trust by reason of any demand made by the ori�Inal _
<br /> �'�'�""�'"-4`""`'' � 7n�stor and Trwio�s s�x�essors in iMerest. Arry for6earance by Lender in exerolstng any�igM or remedy hereunder. ar _
<br /> �=�� . aiherwise efftorded b�app�lcab�e�aw�sheU noL be a wah►er of or preclude the exerctse of any such HgM or remedy.
<br /> ;;�•:�?�.;�� 11. Sucw�ots�nd A►ssipns Bound;.tolnt and 8�v�n1 Ltiblllty;Co-sigtMa.Th0 covenants artd egreemerds
<br /> _ � �. hereln contatned sl�al bind. artd the�igMs hereunder shatl(nure to.the respective successore and ass�gns ct Lendet and `
<br /> Trustor, subj6ct t�tha provlstons o!PereSraPh 18 hereof. Ai�cnvanarita snd agreemer�ts cf Trustor ahail be ioirR and -
<br /> ' � several. Arry Ttuslawta casigns thfa Deed of Trust,but does not execute the Note, �a) is co-signing this Dcied of Trust ,�.
<br /> °� � only to granf and carvsy that Tn�stor's iMetest in the Property to Truatee under the terms of this Deed ot Trust, (b) is not
<br /> y_ . - �s�p�ity pable ontho Note or under this Deed of Trust, and(c) agrees that Lender and arry other Trustor,horeunder ��-'
<br /> mayagree to eocta�d,rnodfiy►,farbear,or make any other accommodatior►s with�egerd to the tarms af this Deed of Trust T;,._
<br /> � ' as to that Trustor's irrterest in the P�oparty. .'�
<br /> � 1Z. No41a_ Dccept for eny notico required under appifcable law to be given in another manner, (a)any notice to
<br /> � Ttustor provlded 3ar ien this Oeed of Trust shalt be g�ren by delive�ing R or by mailtng such �otfce by regular mel{
<br /> • _,��.. addressed to Tnrssta at the 7rustor's address stated herefn or at such other address as Trustor may designate by nctice
<br /> — __.__ _ _.:.�... �,.....�.. e...� «� a.�„.w�n t�t pndar shell be ahren bv aertffied meii to Lender's address staRed
<br /> ---�,,,��___,: i6 i.emum w �nv�tiw. ��.o�.. ...... �–r —•s -•---- -- --
<br /> heretn ot to such other address as Lender may designate by notice to T'Nator as provided herein. Any rtotice provideo ior
<br /> �� �`� in this Oeed ot Tcust shall be deemed to hsve been given to Trustor or Lender when give�in the manrter designated
<br /> �" herein.
<br /> � 13. Riov�rrtny ltw; 8ovsrabliity. The state and Ioeal tawsap plicab�e to this Deed ot Trust shall be the taws of
<br /> �� the jurisdiction in which the Properly Is located, excePt that If the Note speclfEes the law of a different judsdlcUon as '
<br /> goveming,such taw shaii be the appUcabie taw goveming the Ir�terest rete,tees,charges, and other terms of the c�edit
<br /> transaction secured hereby The fc+regoing sentence shali not Iimft the appticability of Federal le�w to thts Deed of Trust.
<br /> �� In the evern thatany provision or clause of this�ee�ot Tcust or the Note corrflicts with spplicabie taw��such�o�.i shel� �
<br /> not eJfeat other provlsiais of th�s�eed of Tnast or the Note which can be given effect wfthout the confiicttng prcvtston, and
<br /> to this end the pra�isions of this Oeed of�'rust artd the Note ate dectared to bA severable. As used he�ein� °costs',
<br /> ■e�cpenses•, �nd ��tcmeys'fees' include ati sums to the extent not prohibited by appiicable taw or Iim(ted herein.
<br /> . 14. Tnutor't Copy. Trustor shali be fumished wfth and acknowtedges receipt �f a coMormed copy of the Nota
<br /> — and of this Oeed cf Trust at the�me ot eocecution or e�ter�ecordation hereot.
<br /> ..
<br /> s _ _ —_
<br />
|